TVC:USOIL As of now crude oil is Stuck between the range 85$- 86.47$ , Price needs to break out of this channel on a 4hour time frame in order to get a clear direction for oil. As of now price is getting squeezed from both directions . Until then buyers and sellers might be playing a cat and mouse game.
this support & resistance lines just for learning purpose only
Best Buy USOIL At Cmp 82.74 SL - 77.5 ( Daily Closing Basis ) Target - 102++
81.3 is a strong support for US Oil. If somehow that is broken, next support is 77. Please wait for levels to come. Not to trade before, 9th of October. Candle to watch 10-9-23 2:01 PM. Mark High and low of this candle and buy only above this candle. Levels: Sell Below & levels 76.85417437 72.53334874 68.33752311 64.26669747 Buy above. 82.43098766 & Levels...
Crude we given short view at 94$ to now trading at 82$ . Now crude trading at support zone 81/79$ if not close below again some up side seen
Stuck up in the triangle marked. If previous highs marked by red diamonds are broken at 84.34, more bearishness is on the card.
Hello Friends Here we had shared Educational purpose case study of US Oil (Crude Oil) Technical Analysis, A Low-Risk, High-Reward Opportunity. Welcome to this educational analysis of US Crude Oil (commonly known as Crude Oil). Today, we're exploring an intriguing opportunity in the world of technical analysis. In the realm of wave analysis, we've identified an...
We saw USOIL Short Because, USOIL Ascending Channel Breakout or Retest Complete.
We saw USOIL Long Because, USOIL Moved in Bullish Trend Follow.
HHV and LLV gives good information about the trend. A trend will be visible when its seen with fast and slow line cross UP trend: HHV_fastline = HHV Slowline and LLVfastline crossover LLVSlowline DOWN trend: HHV_fastline crossunder HHV Slowline and LLVfastline =LLVSlowline Attempted to plot the same with multiple options to choose fastline length, slowline...
since crude is trading same zone for many days now it is preparing to move up till recent high.
The great N appears on Brent CRUDE with 100 Dema crosses over 200 dDema. #crude #oil
Crude oil now trade at Resistance zone. 93.8$/98$ if not close or sustain then we seen again profit booking
The 200 MA and the key pivot levels are all aligning. This also looks like an inclined head and shoulder pattern. The level marked on the chart is a very important level and as long as the market is below the level we expect the selling pressure to continue on the commodity.
CRUDE - Above resistance We can bug smash till $120 Else Full Down Time frame - WEEKLY Objective:- Major resistance zone $93.48 1 Above resistant $120 2 If resistance work than we can see down fall till $72 64 3 wait for confirmation to upside else go short side near $92.50/93 Disclaimer - View just for Educational purposes.
It is getting regular resistance at 420 degree Level. Next 420 degree level is 93.08, marked by a thin dotted tend line, when price reaches this level of 93.08, it will have three touches at 420 degree levels. So, if you are long please be careful. Not advised to open any new long position. Only when this level is breached decisively, then only buy. Please...
Please refer to my post on US Oil in the morning session. Link provided. US Oil is going to 87. Square off your long position.