Crude oil analysis .
Symbol :Crude oil or USOIL
Time frame: 15 minutes
Analysis: There is a gap up in crude oil and from last 10 days, the price is in a consolidation.So, if the price crosses above 81,then we can expect a target up to 84 with MacD crossing above zero . If the price crosses below 79.3 then we can expect a target up to 76.3 with MACD crossing...
CAPITALCOM:OIL_CRUDE
US_OIL is in good resistance with multiple rejections at 77.75 level and it is the major level.
If it breaks the price and retest the same level then we can go for long position.
we found sell setup senerio for usoil o we can say wti right,
so in this us oil technical analysis , i have shared my 4 to 5 scenrio in which i can see for selling pressure for us oil
US OIL 🛢 gave a 2.57% in short time going to reach our previous analysis of double bottom neckline if it brake neck line so we can expect a huge uptrend
NOTE :
commend which script to analysis
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Us Oil is in Daily Resistance after a breakout towards upwards it stared to give correction .Either it will be sideways for somedays otherwise it will reach upto 66 region in the daily breakout for retest then it will strated to push up
I hope you can now see how USOIL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
