OILUSD trade ideas
💡WTI . Weekly Technical Analysis UpdateMidterm forecast:
43.75 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 40.20 on 11/13/2020, so more gains to resistance(s) 50.70, 54.75, 57.80 and more heights 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 74.
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USOIL (SUPPORT & RESISTANCE ZONE)Trade according to the support and resistance line.
set your stop-loss and trade.
USOIL Ascending parallel channel formation at 15 mins TFUSOIL Ascending parallel channel formation at 15 mins TF
USOIL Ascending parallel channel formation at 2 hour TFUSOIL Ascending parallel channel formation at 2 hour TF
USOIL Parallel channel reversal at 15 mins TFUSOIL Parallel channel reversal at 15 mins TF (Short)
Entry @ 3473
Stop Loss @ 3488
Target 1 @ 3458
Target 2 @ 3443
USOIL Ascending parallel channel formation at 4 hour TFUSOIL Ascending parallel channel formation at 4 hour TF
USOIL Descending triangle pattern formation at 15 mins TFUSOIL Descending triangle pattern formation at 15 mins TF
USOIL rising wedge pattern formation at 4 hour TF Market story - USOIL formed rising wedge pattern at 4 hour TF and expecting to reach S3 zone in following days
USOil Symmetrical triangle pattern breakout 15 mins TF USOil Symmetrical triangle pattern breakout 15 mins TF
USOIL Symmetrical triangle pattern formation at 30 mins TFUSOIL Symmetrical triangle pattern formation at 30 mins TF
USOIL and CRUDEOIL is on crucial phase.As in USOIL, we can see a Triangle Pattern so it has the potential to give Breakout in any Direction.
It's just a personal view.
A HIGH PROBABLE LONG SETUP IN CRUDEWTI CRUDE IS HOLDING 45.3$ LEVEL QUITE CONVINCINGLY, EXPECTING THIS UPTREND TO CONTINUE TILL 51.58$
TRADE SIGNAL IS SHOWN IN THE CHART.
USOIL Descending triangle pattern formation at 30 mins tfUSOIL Descending triangle pattern formation at 30 mins tf
