Crude oil Buy / Sell Based on Fibo and GannSell crude oil at 3900
Stop loss at 3920
Target 3847 / 3821
Wticrudeoil
CRUDE OIL "FLAG BREAKOUT"Buy Crude Oil At Cmp 3532, Strict SL - 3399
Target - 3850/4200
This is my 2nd call in addition of my previous crude oil buy call. Please see previous recommendation as well..
USOIL short we can go for short after base line breakout..
SL seing high .. targets mentioned in chart
CRUDE OIL Touched "Megaphone" Lower LevelGave sell call in crude oil has fully achieved given target. Now very crucial part -
Buy Crude Between 2775-2780 Strict SL - 2749
Sell Crude If Breaks 2749, Will Update SL & Target Once Breaks 2749.
WTI . Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 43.75, beginning of downtrend is expected.
We make sure when the support at 37.10 breaks.
If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 41.70 on 09/18/2020, so more losses to support(s) 38.85 and minimum to Major Support (37.10) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 49.
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WTI . Weekly Technical Analysis UpdateMidterm forecast:
. While the price is below the resistance 43.60, beginning of downtrend is expected.
. We make sure when the support at 37.15 breaks.
. If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the peak at 43.595 on 2020-08-05, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
. While the RSI support #1 at 52 is not broken, the probability of price decrease would be too low.
. A peak is formed in daily chart at 43.60 on 08/05/2020, so more losses to support(s) 42.30, 38.85 and minimum to Major Support (37.15) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 59.
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WTI . Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 43.60, beginning of downtrend is expected.
We make sure when the support at 30.85 breaks.
If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the peak at 43.595 on 2020-08-05, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
While the RSI support #1 at 52 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 43.60 on 08/05/2020, so more losses to support(s) 42.30, 38.85, 37.15 and minimum to Major Support (30.85) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 60.
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ForecastCity English Support Team ❤️
WTI . Important Technical Analysis UpdateMidterm forecast:
. While the price is below the resistance 43.60, beginning of downtrend is expected.
. We make sure when the support at 30.85 breaks.
. If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the peak at 43.595 on 2020-08-05, the probability of uptrend continuation is decreased and the . probability of beginning of downtrend is increased.
. While the RSI support #1 at 52 is not broken, the probability of price decrease would be too low.
. A peak is formed in daily chart at 43.60 on 08/05/2020, so more losses to support(s) 38.85, 37.15, 34.60 and minimum to Major Support (30.85) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 58.
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. . . . . Please show your support back,
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US oil/ WTI crudeoil Chart We can go for long at the entry point .. safe player can enter only after tribble top area .
Have a profitable day
Crudeoil long we can for intraday basis long from hear .. if it comes down more avarage at 2995 ...
Have a Profitable day
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.
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 Crude OIL Future: State of (long-term) Charts.WTI Crude OIL very long term analysis - www.researchgate.net
Crude oil 4h, this is a clean pattern. read discription I'm seeing an inverse hidden H&S and a pennant or falling wedge type pattern and they both are bullish. interesting to see if it does work out.. I'll keep it watching closely.
Reason and confluences:
this graph is experimental.
WTI crude oil will take a pause@ 54.59 to check resistance 57.87WTI crude oil will take a pause@ 54.59 to check resistance 57.87
