CrudeOil Losing momentum in hourly, expecting a small correctionCheck the chart for information and major Time frame's Supply and demand ranges..
OIL_CRUDE trade ideas
Crude oil hourly, Supply and demand levelsCurrently in strong buy, close above 64.84 will make new high.
close below 63.38 ~ 63.80 will be sign of trend reversal.
trade with confirmation in lower time frames 15 and 5 mins.
Line tool Customized for Multi Timeframe view.Professional Price action trader's analysis will be from higher time frame to lower time frame.
Higher time frames like Monthly, Weekly, daily, 4Hour are acts as Major Supply & Demand levels for any script.
Lower time frames 1Hour, 15min, 5min are used to enter the market.
In the chart of USOIL, I have mentioned the major Supply & Demand ranges in line and its text options.
MSR - Monthly Supply Range
WSR - Weekly Supply Range
DSR - Daily Supply Range
DDR - Daily Demand Range
4HDR - 4Hour Demand Range
For Positional traders, it will be help full to see all major time frame Supply & Demand ranges in 1Hour chart to proper entry with good Risk to Reward ratios.
Also no need to switch between Higher time frames every time.
Hope everyone will utilize this content & take your trading journey to the next level.
Take care & Trade wisely.
Crude oil Hourly, currently in downtrend.Daily time frame forms new low after yesterday close.
If it closes below next demand zone in daily and weekly time frame, we can expect a good correction for the previous bull market.
If new high forms in hourly (reversal in hourly = buy sign) trade accordingly..
Crude Oil Hourly inside BoxTrade in the direction of higher time frame.
All Higher Time frames giving Buy sign, except in 4Hour.
While market at the bottom of the 4H channel, If Hourly makes new high then it is high probability to move higher.
USOIL moving towards Ascending channel support zone in 4 hrs tfUSOIL moving towards Ascending channel support zone in 4 hrs tf expecting to each S3 level and reverse
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
USOIL 1H TF Demand for crude oil is dependent on global economic conditions as well as market speculation; A Good opportunity to hop in as the price dips.
Disclaimer- For educational purpose only. Encouraging you to do your own analysis
Usoil - Strong up movementPrice breaks the trend line strong and trying to break the first resistance to reach the second one which is seen more stronger than its counterpart.
As if now things looking good for those who took long position well before, for the new entries wait for the price to break and close above the first resistance for the target of second.
USOIL - Long future prediction for wave COm Namah Shivay
If the structure of C is impulsive, then we assume, that W1 is made, Wave 5 can reach the calculated region or more than that atleast.
The wave 4 will be side ways with possible one leg upside movement. There is possibility of w5 complex or there will be longer time consuming
during those days to go up.
We are just predicting based on EW analysis of the possibility. It can be so different than our limited assumption.
Om Namah Shivay
Interesting Numerology with USOILOm Namah Shivay
Brothers, doing USOIL analysis for the first time. We find interesting numerology with the structure. The beautiful ABC and We may be able to See the future C.
Om Namah Shivay
USOIL - Ascending channel pattern formation at 4 hours tfUSOIL - Ascending channel pattern formation at 4 hours tf
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
USOIL post market analysis on 22-02-2021USOIL post market analysis on 22-02-2021
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
USOIL LONGUSOIL LONG OPPORTUNITY
TARGET WILL BE 61 $ BECAUSE USOIL HAVE TAKEN STRONG SUPPORT AT 59$
Lets Wait and watch
Cheers!!!
USOIL Intraday levels on 22-02-2021USOIL Intraday levels on 22-02-2021
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Crude oil to go LongPrice action: New high formed
Indication: 1.MACD Divergence. 2.In daily TF in 61.8% fib., level.
Crude oil monthly near trendline (Resistance)Check the chart for major supply & demand zones and resistance.
Crude oil in range bound.(hourly)High volatility expected, as near monthly trendline acts as resistance..
refer the next published chart.
