Crude oil BullishHere we go... After previous analysis of crude oil. A tremendous move captured. What a bearish move ,,,,omg. Now time for reversal. And omg...the bullish move is even bigger.
SPOTCRUDE trade ideas
CRUDE buy given near 76.70 enjoy huge profit Target on chartDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
USoil : Might get bullish !US OILS have been squeezing and might now start its rally towards is all time high.
Keep an eye on the price action.
Combine it with the supporting news.
Bullish move ahead.
Please do your own research before taking a trade.
XTIUSD Divergence on chart price has been trending lower lows and lower high, but RSI indicates divergence.
Can long at 75.30
With SL 74.75
Target 77 / 78.10
This is for educational purpose only. Do your research before entering trade.
Crude trying to make double bottom buy above 78.10Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Crude Oil rebounds toward 200-SMA as the key week beginsWTI Crude Oil posts more than 1.0% intraday gain early Monday, after declining in the last three consecutive weeks, as energy traders brace for a rollercoaster week comprising multiple central bank announcements and top-tier data. In doing so, the black gold takes clues from a nearly oversold RSI (14) amid cautious optimism in the market. However, bearish MACD signals and the quote’s sustained trading beneath the 200-SMA keep the oil sellers hopeful of visiting the 61.8% Fibonacci retracement of its December 2023 to April 2024 upside, near $75.30. Following that, a seven-month-old upward-sloping support line surrounding $74.40 will be a crucial level for the bears to conquer to keep the reins. In a case where the commodity prices remain bearish past $74.40, it becomes vulnerable to drop toward the previous monthly low of around $72.40.
Alternatively, the WTI Crude Oil buyers’ ability to provide a daily close beyond the 200-SMA hurdle of $78.40 won’t give them the throne as a downward-sloping resistance line from early July, close to $79.50, will challenge further advances. Also restricting the commodity’s run-up is the $80.00 threshold and a two-month-old horizontal resistance region near $80.30-60. If the energy benchmark manages to remain strong past $80.60, the 23.6% Fibonacci ratio of around $83.00 and the monthly high of $84.50 will lure the bulls.
Overall, the market’s consolidation allows WTI crude Oil to lick its wounds but the bullish trend is far from the reach.
CRUDE WTI making double bottom if break then big fallDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Crude buy given near 77 hold buy trade upside 80.20 ++(Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
USOIL ORDER BLOCK | LONG TRADEUSOIL ORDER BLOCK | LONG TRADE
Hi Traders,
This is Usoil 1hr + 4Hr OB according to smc
we will see buying from this level.
Best time to take trade is 5 min CHoCH
Only for education Purpose
Give like, SHARE , FOLLOW FOR MORE UPDTAE
Oil Sinks on Ceasefire HopesWTI crude futures slid 3.2% to settle at $80.13 per barrel on Friday, and fell by 2.5% to mark the second consecutive weekly loss. losses.
Market sentiment was influenced by renewed hopes of a ceasefire in Gaza, with U.S. Secretary of State Antony Blinken indicating that a long-sought truce between Israel and Hamas was within reach.
The ongoing conflict in Gaza had previously led investors to factor in a risk premium for oil, as tensions posed a threat to global supplies.
Also, a stronger dollar and concerns over China's economic outlook exerted downward pressure on prices, offsetting a tighter supply scenario.
Crude WTI near support sell below 78.25 support resistance chartDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Crude oil Double BottomThere was a Double Bottom in crude oil and Elliot wave ABC was done so I entered with 1 mini lot and decided to add on the dip.
So far there has been no dip and price is going up. I'll hold this position till target is achieved or stop loss is hit.
If there occurs a bullish chart pattern in lower timeframe then I'll add one more lot.
US OIL SHORTFX:USOILSPOT
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
USOIL Crude-Oil Futures Stall to Finish the Week LowerOil futures give up early gains and settle lower to post their first weekly loss in five weeks. Prices were supported during the week by a bullish U.S. inventories report showing bigger-than-expected drawdowns in crude and gasoline stocks, and by a soft U.S. inflation reading that lifted hopes for a September interest-rate cut by the Fed. Today's producer price index report was above expectations, however, and concerns remain about demand from China. WTI settles down 0.5% at $82.21 a barrel, and Brent falls 0.4% to $85.03. WTI is down 1.1% from a week ago, and Brent is off 1.7%. (anthony.harrup@wsj.com)
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slipsNasdaq green, S&P 500 inches up, Dow slips
Tech leads S&P 500 sector gainers; Comm Svcs weakest group
Dollar ~flat; crude, gold off decline; bitcoin ~flat
U.S. 10-Year Treasury yield unchanged at ~4.27%
UBS SAYS PRESIDENT BIDEN NOW HAS 10% CHANCE OF WINNING AND SWEEPING CONGRESS
Crude Oil retreats from 11-week high as eventful week beginsWTI Crude Oil remains pressured after reversing from an 11-week high the previous day, especially when the US Dollar posts a corrective bounce ahead of this week’s top-tier data/events. The black gold’s retreat also highlights the importance of the support-turned-resistance line stretched from mid-December 2023 and a downward-sloping trend line from late September last year. It’s worth noting that the RSI’s pullback from the overbought territory and the receding bullish bias of the MACD signals also favor the energy benchmark’s latest consolidation.
With this, the quote will likely extend the latest fall toward testing the 10-SMA support of $82.50. However, the 50% Fibonacci ratio of the commodity’s late 2023 fall and the 100-SMA, respectively near $81.40 and $80.40, quickly followed by the $80.00 psychological magnet, will challenge the Oil bears afterward. In a case where the prices remain weak past $80.00, an area comprising tops marked from mid-November 2023 to January 2024 near $79.70-25, will be the last defense of the buyers before giving control to the bears.
Meanwhile, a downward-sloping resistance line from September 2023, close to $84.10 at the latest, guards the immediate upside of the black gold. Following that, the previous support line from late 2023 will test the oil buyers near $84.70. It’s worth noting, however, that a 9.5-month-old falling resistance line surrounding $86.50 appears a tough nut to crack for the commodity buyers, a break of which will allow them to challenge the yearly high of $87.60.
Overall, Crude Oil is likely to witness further consolidation in prices as Fed Chair Jerome Powell’s bi-annual Testimony and the US Consumer Price Index (CPI) loom.
WTI CRUDE OIL (Near Breakout level)TF-30 Min
Need closing above 84.40
Target-Mentioned on chart
Its only my view.
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
USOIL TVC:USOIL USOIL yesterday we Suggested to go LONG for TGT 84.50
Seems oil rising in a big upper channel and 85 could be possible
Thanks
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Crude oil Bearish ReversalCrude oil 🛢️ Bearish Reversal and correction.
2 targets given,will book 70% at first black linemwill carry remaining till second line.
Just a view.
