Accurate signals in Crude in bigger time frames Accurate signals in Crude in bigger time frames, Used 1 hr time frame for back testing. what an amazing results .
OIL_CRUDE trade ideas
What 1-hour chart says? Fundamental Development: Oil was down on Thursday morning in Asia as the latest COVID-19 outbreaks and fears of more lock downs in China drove fuel demand fears. Brent oil futures slid 1.44% to $103.44 and WTI futures fell 1.36% to $100.63. The Chinese capital city of Beijing reported 48 new symptomatic and two new asymptomatic COVID-19 cases for April 27, CCTV reported on Thursday. The city began a mass testing program to avoid a lock down like the one that has been in place in Shanghai for a month. The city of Hangzhou will also conduct mass COVID testing from Apr. 28, according to state media reported on Wednesday.
Short Term Technical View: As per Bollinger band indicator XTIUSD is showing strong bullishness in 1-hour chart. And RSI indicator also showing strength above 50 level It is trading near support level 100.55. As per the chart buy on the dip, strategy is good for XTIUSD. As per my view if XTIUSD trading above today pivot level 101.87 in U.S. Session so it will be give great opportunity to buy and test next resistance level 103.87 near term. There is very strong support zone below 100.
Alternative Scenario: If XTIUSD will not sustain above support level 100 in U.S. Session and USD Advance GDP q/q data indicate negative so it will be give great opportunity to short sell with the target of 98.45.
What 1-hour chart says? Fundamental Development: Oil prices extended gains in early Asian trade on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Poland, while hopes of Chinese economic stimulus buoyed the demand outlook. Brent crude futures rose 44 cents, or 0.4%, to $105.43 a barrel. U.S. West Texas Intermediate crude futures gained 12 cents, or 0.1%, to $101.82 a barrel. Crude prices settled about 3% higher on Tuesday in volatile trade as the market torn between supply and demand concerns over Russian oil and gas disruption and a worsening global economic outlook.
Short Term Technical View: As per Bollinger, band indicator XTIUSD is showing strong bullishness in 1-hour chart. It is trading above yesterday resistance level 101.75. As per the chart buy on the dip strategy is good for XTIUSD. As per my view if XTIUSD trading above 101.75 in U.S. Session and crude oil inventories data also indicate positive so it will test next resistance level 104 near term . There is very strong support zone below 100. (Note: Crude oil Inventories will release at 8 PM (IST).
Alternative Scenario: If XTIUSD will not sustain above 101.75 in U.S. Session and Crude oil inventories data indicate negative so it will be give great opportunity to short sell with the target of 98.
US OIL 1HR HARMOICS SELL VIEWus oil 1hr chart forming bearish harmonics bat pattern expecting short term sell
XTI/USDIt is in correction WXY. NOW it is getting ready to move upside, just wait to form price action.
Bullish Breakout US OILUsoil 1D Chart looking bullish breakout ...
This chart is just for education trade with our analysis
I think Crude start the bullish rally. Will reach 120-130$Waiting for 120$ from here it may go 130$ too. I can see triangle pattern .
Crude oil is on supply zone please Hi guys if crude oil is on supply zone wait for an engulfing candle buy
💎 USOIL : 11.46% Profit Potential in Next 2 Days💣💣💣💣after good accumulation buyers are ready to move price up.. easy trade setup
Head and shoulder Clear Head and Shoulder pattern has formed after a good uptrend. If it closes below the neckline, then a short trade can be taken on retest of the neckline.
This is not a recommendation, just an idea.
#usoil buy entry - Intraday set upRefined Entry based on OB.
Entry point refined to give min Sl to max reward. better to view in 5 or 3 mins chart.
US crude oil ... pin bar in 2 hour chartUS CRUDE oil paused near important fib ratio 50% & 61.8% near $116
if sustains above $116 than will see move towards $130
currently wave 2 (c) consolidation going on....
no shorting will be recommended till it is above $100
views are educational
USOIL 1 HR Chart patterntwo scenerios in USOIL, if trend sustain is can go up to the marked range and if trendlines breaks, downside also marked range.
Crude Oil : Can Cool down from here Crude Oil , please check my post on dated 04.03.2022. I was predicted that crude may cool down from level 122. after that crude high was129 and tested low 102. Now chart is forming H&S pattern which is reversal sign. So short again crude here and add more if rise up to level 114 near for target 95 soon.
