USCRUDEOILCFD trade ideas
US Oil - Update - Live Market Analysis
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 83.56978782 85.87082563 90.56665126 95.38747689
Crude 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
US Oil Fully Bearish
Stuck up in the triangle marked. If previous highs marked by red diamonds are broken at 84.34, more bearishness is on the card.
Crude Oil Analysis Decoded, A Learning JourneyHello 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 exciting prospect in the Crude Oil market. Let's break it down:
We've recently completed "wave 4," a significant corrective wave.
Now, it appears we're at the beginning of "wave 5," the final leg of the sequence.
The Potential
So, what's the potential here? Blue wave 5 has the characteristics of being an impulse wave, known for its strong and sustained price movement. In this case, we anticipate it could surpass the top of wave 3, which was at $94.99.
Risk-Reward Analysis
Now, let's talk about risk and reward. Here's where it gets interesting:
Risk
We've set an invalidation level at $87, which means if the price drops below this point, it suggests our analysis might not be on track.
Reward
If wave 5 plays out as expected, it has the potential to lead to significant price gains.
Characteristics of Wave 5
What makes wave 5 special?
It's typically marked by strong momentum, often accompanied by increased trading volumes.
Traders often find this phase exhilarating, as it can lead to substantial profits.
Risk-Reward Ratios
When considering this opportunity, the risk-reward ratio is a critical factor.
The risk, as mentioned, is if the price falls below $87, which is our invalidation point.
The reward potential is significant, with the possibility of surpassing $94.99, presenting an attractive risk-reward profile.
Conclusion
In conclusion, we've identified a low-risk, high-reward opportunity in the Crude Oil market, characterized by the unfolding wave 5. Remember, this analysis is for educational purposes only and should not be considered financial advice.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
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RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
HHV LLV based TrendHHV 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 length, Multi time frame .
Crude taking support at current price since crude is trading same zone for many days now it is preparing to move up till recent high.
CrudeCrude oil now trade at Resistance zone.
93.8$/98$ if not close or sustain then we seen again profit booking
CRUDE - WELCOME SMASH 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.
US Oil - Crucial Level 93.08. Live market Analysis
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 refer to my previous coverages on US OIL. Link provided.
US Oil Sell below 91.19 Live Market Analysis
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.
US Oil- Live Market Analysis
Levels to watch 91.31 - 91.29
$91.19 is a crucial Factor. Sell below this after close of this 1H candle, if 91.19 is not broken decisively upwards. As mentioned earlier 93.3 is a major resistance for CL. Not advisable to create any long position before that.
It is only for educational purpose. I am not a registered analyst with any of the National/International institution.
Crude Oil ShortRisk 0.5%
TP1 = 1:2.5 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
US Oil $92.36 major resistance
Daily Chart. Beware of the above level. If it touches this level today, please square off your position. May reverse till 11th of October.
Please check my earlier discussions on US Oil. Link provided.
I am not a Registered Analyst with any of the National/International Agencies. Please consult your financial advisor before making any decision.
US - Oil Long above 87.33
86.8 is a crucial support and 87.33 is a major resistance for the next day of trading for US Oil. Refer to my previous ideas on US Oil. Link provided.
Please trade with indicators like RSI/William R% and moving averages.
This is only for Educational Purposes. I am not a Registered Analyst with any of the National/International Agencies. Please consult your financial advisor prior to making any decision.
Crude oil, US oil, Success meet sessionThank you for your trust : please follow for more videos on YouTube @black_numbers_law
US Oil - Heading towards $100
Please refer to my previous posts on US Oil. Link provided.
Trade with proper discipline. Use other indicators like William R%, EMA, SMAs. Crucial level is $81.3. That seems to be broken. It is previous swing high also.
Disclaimer: I am not a registered Analyst with any of the registered regulatory authority. Before making a decision, please consult your Financial Advisor.
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