OIL_CRUDE trade ideas
USDWTI - U. S. Dollar / WTI Crude Oil Let us have a look at USDWTI Crude Oil Chart Daily chart shows crude oil trading in the ascending triangle. WTI Crude Brake and sustain above 67 levels we can see the higher levels towards 74.25 levels which offers a very good risk reward as one can keep stop loss below 64 levels. From the weekly charts you can observe the WTI Crude Break Out already happened above 64.36 levels and on weekly charts flag and pole formation also seen so all in all WTI Crude is showing strength so one can think of buying crude oil.
Only for Educational Purpose
US OIL
US OIL
Trend appears to be up.
Expect rise towards 74.55 in near term with volatility.
Breakout above 67.99
has the implication for a rise towards 1.618 retracement
of 74.55
Crude oil Hourly Demand range , Higher TF's are in strong Buy.Scenario 1: Market until above the demand range
Go for Buy while testing the demand range with confirmation in 10 / 5 mins chart.
Scenario 2: Close below demand range
Market may go for a small correction / consolidation, then again Up only.
Higher Time frame view,
Learn from Mistakes.
Think & Trade in Probability.
US OIL 1D CANDLE STRONG RESISTANCEUS OIL 1D candle Strong Resistance at 66.32 from 2019
Current market trying to break this level from March
This idea is only for educational purpose.
A man who masters patience masters everything else.
WTICOUSDHello Guys I had find this trade and done analysis double top on 1h Timeframe i hope i had added some value thank you so much if you like plzz follow like and comment
US OIL ascending triangle breakoutAnalysis of US oil in 30 mins time frame
Breakout initiated, retesting took place for LONG
Self explanatory chart
For educational purpose.
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Crude oil Multiple timeframe analysis (Higher timeframes)Monthly TF at Major Supply range.
Weekly TF trading between a range, currently formed Bearish divergence.
Daily TF formed a New low on Thursday, sign of Downtrend.
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In DAILY TF, Can expect fall after testing SMA 20 / Fibonacci Retracement level of 61.8%.
Target levels 62$, 59$ & 57$..
Follow with 4H /1H TF for more confirmation. (These are in Buy to retracement for Daily TF's Sell swing).
Think in Probability. Trade based on your Financial goals & Risk tolerance..
US OIl fueling itself before rallyA decisive break in of US OIL of 67 level can resume the uptrend. Gonna blast above that!
CRUDE BUY @ 62-62.1$ Target 62.5- 62.75- 63- 63.5- 63.9+ SL 61CRUDE BUY @ 62-62.1$
Target 62.5- 62.75- 63- 63.5- 63.9+
SL 61.5$ ( candle closing basis)
Trendline Break Trendline Break can be seen at a major resistance level with momentum candle formation.
Target 1 -57
Target 2 -53-51
