USCRUDEOILCFD trade ideas
USOil Symmetrical triangle pattern breakout 15 mins TF USOil Symmetrical triangle pattern breakout 15 mins TF
USOIL Symmetrical triangle pattern formation at 30 mins TFUSOIL Symmetrical triangle pattern formation at 30 mins TF
USOIL and CRUDEOIL is on crucial phase.As in USOIL, we can see a Triangle Pattern so it has the potential to give Breakout in any Direction.
It's just a personal view.
A HIGH PROBABLE LONG SETUP IN CRUDEWTI CRUDE IS HOLDING 45.3$ LEVEL QUITE CONVINCINGLY, EXPECTING THIS UPTREND TO CONTINUE TILL 51.58$
TRADE SIGNAL IS SHOWN IN THE CHART.
USOIL Descending triangle pattern formation at 30 mins tfUSOIL Descending triangle pattern formation at 30 mins tf
WTI . Weekly Technical Analysis UpdateMidterm forecast:
43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains to resistance(s) 46.30, 48.70, 50.70 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 66.
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A possibile Sharp Fall!! - Bearish Butterfly & Broadening WedgeExpecting TVC:USOIL to go for a sharp correction.
Harmonics 4-point & 5-point pattern helped identify a Potential Trend Reversal Zone, where bullish movement may end & trend may reverse.
Got a terminal candle confirmation in the PRZ.
Also, in a broader view prices formed a Broadening Wedge Pattern (a-b-c-d-e wave structure) which might possibly be a B-wave in an A-B-C Correction Wave pattern.
USOIL WTI CRUDE LEVELS FOR MONDAY 7TH DEC 2020Important support and resistance areas for USOIL WTI CRUDEOIL for coming Monday 07th Dec 2020
USOIL and CRUDEOIL can give Bullish Breakout.USOIL already gave bullish breakout from major resistance and it is again consolidating and can give bullish breakout and CRUDEOIL too.
