USOIL - 41$ will be crucial pointPrice after a short uptrend consolidating to form a Flag pattern and if breaks the important level of 41$ then we can expect the flag target mentioned in the chart.
Usoillong
USOIL - Long postitionalWeekly chart shows Long, should go Long positional for results.
Enter at the hourly pattern breakout.
Wait for the break or trade the channelPrice inside the channel either wait for the breakout or trade the channel, that is short when reaches the channel top and long when reaches the channel bottom.
US oil/ WTI crudeoil Chart We can go for long at the entry point .. safe player can enter only after tribble top area .
Have a profitable day
CrudeOIl pullback awaitingBullish any pull back to 39.5 will be bought into with a Stop of Below 38..
Upside we will soon see 43 and 45 levels
USoilWe must wait for the OPEC reports, which are speculated to be positive for the oil industry, with cuts in production and also the increase in industrial consumption motivated by the economic reopens that are taking place little by little. This generates a positive expectation for the rise in the price of futures and CFDs with possible levels that point to the highest point since the collapse began.
USOIL is at 61.8% Retracement will shoot up to 32.90$According to my view USOIL is at 61.8% Retracement (correction) in Daily candle closing basis. This is based on basic technical analysis with support and Resistance/Supply & demand using Fibonacci Retracement as an entry level and Fibonacci extension for target level. As per my view it will reach to 32.90$. As we know USOIL if spot price for crude oil futures in MCX so my suggestion is entry according to analysis through USOIL and targets also followed by it.
Buy @ 23.07$
Target 1 32.90$
Stoploss @ 21$ as per 1 day candle closing basis
#Happy Trading
CRUDE ON BUY TREND Position Long Trend Line reversal cum Hammer in 1 hr confirmed by green candle, buy btw 58.90-59.30 hold for 1 week target of 63.10..
stoploss point 58.20 on day closing..
Trade No. 6 - #CrudeOil - Now Short, Then Long . . . TVC:USOIL ...Hmmm... Now Short, Then Long . . .
USOIL SIGNAL OF THE DAY Crude is favored ended correcting the cycle up from the 12/24/2018 lows at 50.99 on 10/3/19. The 4 hour is turning up from there. Ideally while a pullback remains above the 60.62 lows where the hourly right side is up it can see the 66.00 area in wave (1) cycle from the 10/3/19 lows.
SHORT CRUDE and LONG CRUDE An Extended Flat taking highs and lows.. one big fall expected and then a big rise...
Crude Oil BUY setupCrude Oil has formed inverted head and shoulders a breakout can be expected above $49.5
T1: $51
T2: $53.5
T3: $55
T4: $57
SL: $47
Descending Channel on USOILDescending Channel on USOIL and the price will move up, once the pattern get breakout.
Trade:
Buy above - 49.20
Target 1 - 51.50
Target 2 - 53.85
Stop loss - 47.10
Cup formation on USOILCup pattern formation on USOIL and it leads to break upside.
Trade:
Buy Zone - 46.15 to 46.30
Target Zone - 46.95 to 47.10
Stop Loss Zone - 45.79 to 45.60
