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
Crude Oil continuous futures contract on the weekly chart seems to have pulled back from its decade+ old trend line breakout. Breakout happened in Jun'21 and crude bounced back on the trend line. We have seen successful bounce from the trend line support and can expect the price to turn bullish from here on the weekly scale. If so, 76 would be the immediate target...
The current price action has formed a bullish triangular pattern which suggests that one should go long with SL of 67$ & look for the target of 71$ -72$
USOIL consolidating in a range...a big move can be seen in a while
Short Crude Oil at/above 5357, Stop loss 5437 and targets are as follows, T1-5295, T2-5262, T3-5164, T4-5077
Sell USOIL (Crude Oil) Cmp 73.36 SL - 75.2 Target - 69.8/67/62
After an impulsive fall, crude oil is looking weak & vulnerable to break the recent low. One should go short on crude oil on current levels with SL of 74.9 & look for the target of 70.5-70.2 $ area.
Hi guys i had find this 4h time frame setup plzz see
Hello Guys I had find this trade and done analysis double top on 1h Timeframe i hope i had added some value thank you so much if you like plzz follow like and comment
Crude has breached daily pivot and now heading lower. Opened gap up and now ready to fill the gap and go down. Keep a SL above today’s high.
Sell Crude Oil Below 4680 Strict SL - 4841 Target - 4550/4222/3800
Sell WTI Crude At Cmp 65.14 Strict SL - 65.4 Target - 61.5-62
Sell Crude Below 4553 SL - 4636 Target - 4330-4350
Crude Sell At Cmp 4503 Strict SL - 4616 Target - 4000
VIEW: Crude oil appears to be ripe for down move... Structure/Pattern: Impulse + correction ==> Impulse ==> wave c/wave 3?
Crude Oil is likely to find resistance near 4500 - 4520 As shown in the chart it is currently trading in a downward sloping channel. Till the time it is trading below 4620 there is a good chance we can achieve a target of 4100
BIGGER PICTURE OF CRUDE OIL ---- AS PER ELLIOT WAVE Crude oil has been in corrective mode since July 2008. I had 4 hurdles for crude oil to breach itself to go towards its life time peak...By the time I m posting this...its already through with the 3rd hurdle... CASE 1: If crude oil unfolds into motive wave sequence(1-2-3-4-5) and also breaches key level for...
Sell crude oil at 4568 stop loss 4593 Target 4473