The market is overbought at around 76.46, we are expecting a Sell off for about 200 points, This will also mark a weekly correction. The fundamentals are currently supporting this move.
WTI has been forming a flat A-B-C correction. According to Elliott's wave projection, the oil future looks bearish. Oil Future has accomplished wave A at 193.17 , and sub-wave (c) of wave ((B)) is creating an ending diagonal. The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal. If you are a safe trader, you can...
Crude oil making a bearish pattern and still showing the sign of bullishness. Fight between Bull and Bears for the trend to continue. Which way will It go? Crude respects the levels we analyzed In early posts, shows a good move over the period. The up-trend move after the breakout of the price mark of $87.894, was slowed down after the price tried to...
WTICOSUD(Crude Oil) is showing some interesting movement on major levels. Major upper and lower levels could be breached in the future. Crude Oil is showing a strong upward movement in the 1Hour chart breaching the level of $87.894. It seems that the counter is consolidating, if the price retests the levels of $87.80 and makes any type of bullish...
Crude Buying and Selling Zone Marked. Plane Long Trade When it touches the demand zone , and Plan Sell trade when it touches the supply Zone .
Sell crudeoil as per astro cycle.. target 6600 below
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. TRADING STRATEGY: Buy Crude oil :...
WTI_crude oil uptrend martingale by Daily RTL & Daily STL. May taste 89.02 - 87.40 (Demand Zone) levels OR it may blast by taking support on Daily STL + Daily DZ.
Crude Oil may be facing major supply in the zone 6913 - 6795.
us oil sell setup found with channel trading and market is lying on strong resistance
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
VIEW: Crude oil appears to be ripe for down move... Structure/Pattern: Impulse + correction ==> Impulse ==> wave c/wave 3?
Sell crude oil at 4568 stop loss 4593 Target 4473
Midterm forecast: 51.60 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 51.60 on 02/01/2021, so more gains to resistance(s) 63.10, 66.50, 72.55 and more heights is expected. Price is above...
sell crude oil at 4270 stop loss at 4283 target 4219
buy crude oil at 4103 stop loss 3080 Target 4185
sell crude oil at 3996 stop loss 4013 Target 3920