USCRUDEOIL trade ideas
Keep close watch On USOILuS oil can be short from daily trendline near 80.20-80.40 with sl 81.70 because crude oil prise near to its daily trend line as well near to its daily supply zone and also makeing Head and shoulder pattern which indicate it should reverse from here till 74.80 and 70.20 in upcoming week ....this idea is only for educational purposes
Crude, will we see new lows soon?Breakdown of a symmetric triangle might cause the crude to see levels of 55 soon.
BUY USOILBUY USOIL
Limit your losses
You should have an exit plan before you enter any trade. You should have strict stop loss in case trade is not going in your favour. If your trade is with the trend, you should readjust your stop losses and hold onto your profit.
Crud oil Trading in consolidation range from last 3-4 month. The CMP has been support two times and resistance two time. Now if it breaks above then it can be expected as good rally.
Crude, is it ready to nose dive?Im shorting Crude with a strict SL of 80 (DCB)... Possible positional targets of 55...
Crude Oil May seems Bullish with very litttle correction Crude Oil #USOil may seems bullish because of ongoing China's Covid crisis may fuelmore demand which will result in increase in prices but we may see a bit correction before a big move
OIL ready to go down..!OIL ready to go down my final target on this 71.30 but intraday target is 74.47 and in this level support area but it will break after inventory on tomorrow my SL is 77.32 on closing basis. RSI divergence is there and rsi gone below 48.
#USOIL it's possible to buy#USOIL waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
1st support:
71.55
Next Zone area & horizontal swing Low support
1st Resistance
83.88
Zone area & horizontal swing high resistance
Seems like a Down Trend. The daily timeframe indicates it’s on a downtrend and gonna roll down below 68.50. In the 4hr yesterday we saw a huge fall from the resistance near the trend line. I home this fall will continue till 72.5 or beyond until we see next pullback.
USOIL BUY SETUP HI Traders ,
Usoil intraday buy setup .. This iis corrective wave trade.. So trade carefully ..
NYC Session , clean BOS in LTF ,In NYC session , we have a clean bos in lower timeframe with a displacement and dialy bias is downwards & its -ve corelated pair usdcad is bulish
#USOIL it's possible to buy#USOIL waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
1st support:
71.55
Next Zone area & horizontal swing Low support
1st Resistance
83.88
Zone area & horizontal swing high resistance
Crude oil Curved Support & ResistanceCrude oil support taken with Morning Star, possible for next resistance zone #91-92.
BearishSell signal was given at 116. Its down by 20 dollars. Price is down by 18.25% since then. Its not over. In my view down trend in oil has started just now.
129.42 may be the short term top seen in oil which will take few months or years to break. View is bearish. Weekly close below 94 Oil is heading towards 85.39/76.95/66.15/62.46. View negated if closes above 105.
US OIL - is it going to bottom out in coming daysCounts as per chart, a small dip expected before a major turn to upside
WTIUSD buyBuy 1 tp 7800 2 tp 81.180 SL 7300 pollution confirm by Sai market last three days continue cell but this is only restatement by only again market weekend sell confirm
Crude oil next moveCrude previously rejected by strong resistance and came near support and consolidation area and trying to reverse up near 82$
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st support:
75.68
Next Zone area & horizontal swing Low support
1st Resistance
96.53
Zone area & horizontal swing high resistance
US Oil- Can see 60 levelsUS Crude Oil forming head and shoulder pattern on weekly timeframe. Can move towards 60 levels soon.
