West Texas Oil

OANDA

:

WTICOUSD

REFER CHARTS FOR TARGETS

WTICOUSD is on the verge of breaching the downtrend resistance line in a weekly time frame chart. It will achieve its first target 60.352, provided weekly closing above the resistance line. Moving forward, consistent buying pressure will force it to climb until the second target63.781

Short now

Crude looking to reach near 60.467 and fall from there is possible till 57.376 waiting for a strong rejection near 60.467/480 and would be looking to short with an SL of 61.50.

...Levels mentioned in the chart

crude forming bullish pennant on daily chart .. We can look for target 49.5 on break above pennant pattern

Crude oil chart posted earlier today.... same one updated with RESISTANCE LINES. Channel has been broken and now it remains to be seen if RESISTANCE will be broken on upwards movement.

CRUDE OIL CHART. 15 min TF. Crude seems to be moving in a channel like formation.

Buy at 46 Tg 50

LONG USOIL Long crudeoil

Seems there is a Strong Support @42$. If Break and sustain below 41.8$, go for Sell. Target 39$, Keel Strict SL 43.3$.

We had posted earlier chart and went short at $55 on retest of flag for targets of $49.5 and $43. Refer below chart from history Now One can go long into it with SL below $40. You can take entry at $41.8-42.5. On close below $41, next long chance would be at $36. Dont miss this long trade...

finally Crude completed my target $42 -- lets see whats next $38/27? or will revers from here ?

the bearish momentum is constant and strong, we expect to go through those 600 pips with the formation of the waves

WTI SELL@ CMP 68.19 Stop Loss: 75.00 Target: 58.53

$WTIC (Light crude oil) is waiting for a breakout from the IHS pattern.If correct it will have a huge target $25 plus as the pattern depth from the neckline to head, will reach around $75.