WTI about to complete the 5th wave at around 30.25Recommend short on WTI at 30.25. Its about to complete its 5th wave which also coincides with its resistance. Early Next week is expiry and we could see a sell off.
Wticrude
USOIL ASIA TRADE SETUPTechnical 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: 25.00
Tp2: 23.00
SL: 27.00
Good luck !
CRUDE OIL POSITIONAL BUYTVC:USOIL
CRUDE NEED TO BREAK 51.3 DOLLAR AND CLOSE ABOVE IN HOURLY TF.. IF IT HAPPENS, THEN WE CAN SEE A HUGE BULLISH MOVE IN CRUDE IN COMING SESSIONS.
EXPECTING 1ST TARGET TO BE 53 DOLLAR++++
WAIT FOR THE BREAKOUT AND ENTER
SL WILL BE 49 DOLLAR
Long Crude for the target of $ 40# Technically Crude is at Long Term Lower Support Line
# Magnet is in very favorable position for a Big Move
# Time Frame for $ 20 to $ 40 is 6 Weeks
# Weekly Charts have Positive Crossover of MA for Long Term UP move.
# OBV on Daily charts have Positive Divergence
USOIL (CRUDE OIL) Weekly Forecast he weekly is turning up. The daily right side is down against the 76.96 highs from 10/3/18. The 4 hour right side is down against 65.78. While below the 4/3/20 highs where the hourly is turning down it can see weakness toward the 16.00 area before correcting the cycle from the 4/23/19 highs.
Short in Crude below $21.90 for $20.25 to $19.70If price trades below $21.90, selling is advisable. Heavy sellers dominated from $26 to $20.77.
Then buyers were able to retrace only till $23.60 - the recent high.
Price is taking a dynamic resistance of 20 EMA - which is kind of strong trend indication.
First Opposing Force for this fall can be expected around $20.25 to $19.70; further price can test $18.60 as well.
Kindly do your analysis before taking any trades.
MCX Crude 5 March 2020As discussed live on social media platforms MCX Crude made a low of 3462 yesterday, went up to our resistance of 3577.
3500 CE went 50% from our levels.
Support for the day
3389
Resistance for the day
3507
Expectation
Reversal from lower levels
My trade
I have issued a trade for 3500 CE on social media
MCX Crude 4 Mar 2020As discussed live on social media platforms we shorted 3577 high and went long at 3440 low. Traders made big ticket money yesterday.
Resistance for the day
3520
Support for the day
3452
Expectation
I am expecting $ 50 threshold to break in US session today which comes around 3664 MCX level
My trade
We're long 3500 CE @ 109
Real time updates
I post all trades live on social media platforms
Note : Kindly don't message me about address to my social media platforms in comments section. My twitter handle is clearly mentioned in my profile page
WTI Crudeoil - Make or Break* Horizontal Trendline Support
* Rising Trendline support on RSI
#KeepItSimple
MCX Crude 27 Feb 2020As discussed MCX Crude found resistance at 3615 and fell sharply. Futures traders made good money of 60-70 points in no time.
Support for the day
3415
Resistance for the day
3502
Expectation
Range bound with reversal in US session
My trade
Buy near support , sell near resistance
Real time update
I'll update on social media channels whenever I get time
Crude WTI and MCX 25 Feb 2020As discussed live Crude hit a low around $ 50.45 in US session. We went short with 3700 pe at 48 and booked profit at 132. Put went on to hit a high of 160+.
Support for the day
3680
Resistance for the day
3761
Expectation
Pull back underway , 3761 might get tested
My trade
I'll try to buy 3800 CE at support
Real time update
I'll update whenever I get time on social media channels
USOIL (WTI) TRADE SETUP The weekly is favored turning up above 26.34 lows from 2/11/16 & the daily is turning down against the 77.01 highs from 10/3/18. Nearer term while above the 49.30 lows where the 4 & 1 hour are turning up it can correct the cycle lower from the 10/3/18 highs.
USOIL SHORT TRADE SETUPCrude is favored ended correcting the cycle up from the 12/24/2018 lows where the daily is turning up. The 4 & 1 hour are turning up against the 49.37 lows. While above there expect a turn higher.
WTI Crude Oil Target 80 in 2020WTI Crude oil might test the resistance of the red line in the chart.
The 80 level.
The low of 55 is important
Don't miss the great buy opportunity in USOILTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (56.22). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USOIL is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 58.00
TP2= @ 60.95
TP3= @ 66.57
SL= Break below S2
Crude Oil buy setup - Excellent risk rewardBuy USOIL between 58.7 & 57.50
T1: 63.30
T2: 65.80
T3: 69.00
T4: 72.60
SL: 53.80
WTI Crudeoil short term bullish, clean sign if 54.58 takes out.Crudeoil short term bullish if 54.58 taken out then 55.72 to 57.05 possible in three days. if 54.58 gets rejected then 50.66 downside possible and continuously will be bearish till 42 again.
