Crude buy CMP 80.70$ for target 81.5- 82.5- 84-85+ sl belo 79 Crude buy CMP 80.70$
for target 81.5- 82.5- 84-85+
sl belo 79 $
1 hr candle closing basis
OILUSD trade ideas
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st support:
75.68
Next Zone area & horizontal swing Low support
1st Resistance
96.53
Zone area & horizontal swing high resistance
Long CrudeWTI crude oil has formed a double bottom pattern on the daily chart with a positive RSI divergence
One can go long at current market price of 81, with a stop loss of 76
The target for this trade will be 92
The time frame for this trade is 20-Dec-2022
WTI crude at support level for Bounce.WTI crude is at Support level. Trading with positive divergence it may bounce from here.
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st support:
75.68
Next Zone area & horizontal swing Low support
1st Resistance
96.53
Zone area & horizontal swing high resistance
OIL to bounce upOIL is EXPECTED to bounce up in coming days
Wait to close above 91,
and may test again 118 levels
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st support:
75.68
Next Zone area & horizontal swing Low support
1st Resistance
96.53
Zone area & horizontal swing high resistance
UsoilAlways follow Risk and Position Management❇️❇️
For more information like this follow me in Tradingview @Jagadeesh11616125
Happy trading
OIL reddy to go up...!oil now reddy to go up my target on it 79.80 than final 81.90 SL 75.80 on closing basis
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st support:
75.68
Next Zone area & horizontal swing Low support
1st Resistance
96.53
Zone area & horizontal swing high resistance
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st support:
75.68
Next Zone area & horizontal swing Low support
1st Resistance
96.53
Zone area & horizontal swing high resistance
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st support:
75.68
Next Zone area & horizontal swing Low support
1st Resistance
96.53
Zone area & horizontal swing high resistance
USOIL Trading Plan - 17/Nov/2022Hello Traders,
Hope you all are doing good!!
I expect USOIL to go UP after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
OIL reddy to go down..!oil now reddy to go down reject from 89.60. my target on crude for intraday 87.10 than after 82.80 SL 89.30 on closing basis
Oil down gain...!crude oil buy side is over now return from big resistance small support is 90.70 than 89.30. my short side target is 86.90
USOILMy analysis for US OIL is bearish. Though we have liquidity above and a unmitigated supply zone sitting above. I believe after liquidity sweep we might turn around in the bearish direction.
Thank you.
US OIL ELLIOT WAVE COUNTS AND BREAKOUTCrude oil is looking Bullish ahead Reasons are mentioned below
Inverted head n shoulder Neckline Breakout
Price taking support from RK's Mass psychological cloud and RK's stopline in daily time frame
Possible wave counts on weekly chart
Possible wave counts on Daily chart
Possible wave counts on 4 hourly
Possible wave counts on 1 hourly
Price challenging upper band on daily time frame
macd positive cross in daily time frame
macd converging towards north uptick in weekly time frame
RSI uptick above 60 in daily time frame
DMI ADX positive uptick in daily time frame
Price closed above 50dema, 100dema & 200dema
Weekly close above 20WEMA, its also above 50 WEMA, 100 WEMA & 200 WEMA.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
CRUDEOILAs crude oil is continuously moving in an undecisive manner, not giving many moves to go long now, we can see a good move from it.
the triangle breakout will give us a good long and short position in the upcoming weeks.
Levels that are holding the immediate support are 85.50 for the short-term period and 82.00 for the long-term period.
levels that are resisting the crude are 90.00 immediate resistance and 93.50 major resistance on the upper side.
Thus, the panic between OPEC+ , RUSSIA , and the USA is making the Crude more indecisive and making the crude market move slower .
In the upcoming days, we can see a one-sided move after the breakout of the triangle pattern .
BELOW 82.00 we can see the targets of 78.00.
Above 90 our first target is to be up to 93.50 and then 95.
NOTE- All the levels are based upon my analysis you should do your analysis and then confirm your trades before taking the trade.
WTICOUSDT(Crude Oil) make or brake Crude makes a fool of traders by giving a falls breakdown. Price respecting levels of the trend line. very important day for crud to trade because of today’s news/data reviling ceremonies. Why will crude react to the data/news in high volume?
Crude shows a shocking move by giving a falls breakdown of a bearish head and shoulder pattern and triggering stop-loss of traders rather than achieving targets as we analyzed in our previous analysis by the way which you can check out by clicking on the hyperlink or the document below. Anyways taking losses or enjoying targets/profits is just part and parcel of the game really what matters is how well we understand the market and trade accordingly. And in my experience when you analyse the market you can miss out on one or two minor ways to see or analyze the market which can eventually be the reason for the price to react at that point.
In the past 2-3 days the price has moved towards the $90 price mark which we analyzed as a “major supply zone”, respecting the levels of the trend line drown from the lowest point of the major fall (which can be seen in the 1day chart) with reference to the lowest point of the fall of first structure change (which you can conform in 1/2hour chart) which you can conform in the following image (image is in 2hour time frame)
Today is a very interesting day for crude and rather every other commodity and currency pair because of the news/data of Crude’s inventory @8:00pm, and the FOMC Statement @11:30pm. Crude is considered as a highly volatile counter and seems it is on a very interesting level looking at the date/news that is going to occur in today’s venue, which means the highest volatile counter with high volatility data can make a high volume trading session with a big range. Important things to remember are to mark important levels in the time frame you are comfortable trading in and make a view in which direction you think the market will make a move based on the previous analysis. Good luck with today’s session.
