after good accumulation buyers are ready to move price up.. easy trade setup
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
USOIL we analyzed that it will reach 76 $$$ market reacting on retest zone
Technical Analysis- The 4 hour is down against 1/08/2020 peak (63.87). 1 hour is turning down. However, while near-term dips remain above 6.59 low expect OIL to extend higher to correct the cycle from 1/08/2020 peak in 3, 7 or 11 swings before downside resume. We prefer selling the bounces in 3, 7 or 11 swings at the extreme areas. Sell USOIL @26.10-40 TP:...
Curde running 4hr candle closes above 57.35 will confirm the uptrend signal, where you can go for long in curde.. target 60.20 in 1-2 week of time.. continue uptrend till 64 level stop loss will be update once buy triggered.