Crude in OctoberCrude will be in a range of $39 to $43 in the month of October. More probabilities of breaking the upper circuit to test $45 and $49. But a news pertaining to lockdown in U.K can drag it below $39. Best buying range $39-$39.7 for a target of $43 with a Stop of $36.5. Longby TFactory0
USOIL - 41$ will be crucial pointPrice after a short uptrend consolidating to form a Flag pattern and if breaks the important level of 41$ then we can expect the flag target mentioned in the chart.Longby Tradersasi23Updated 3
OIL WILL REACH 50$ WTI CRude started making higher highs. So the previous decline in a-b-c down for wave 2 is over. no ending pattern in wave 2 extending it lower. This means that wave 3 up started. But it should be a slow and steady advance from here on. The forewords in wave 1 are not going to return. First hurdles are the 20/40 day averages at 40.25 and 41 and we need to close above both in minor wave iii up. The low of 36.67 should not break else this would be invalidLongby deepen1
Oil Short Term ForecastH4 - Bearish trend pattern. Currently, it looks like a correction is happening. Until the strong resistance zone holds, I expect the price to continue lower further.Shortby VladimirRibakov4
USOIL symmetrical triangle pattern formation in 1 hour TFUSOIL symmetrical triangle pattern formation in 1 hour TFby ponraj_srinivasan2
USOIL ideaforming a triange pattern in 1hr TF expecting a long run, confirm and enter positionLongby Ranstein4
WTI . Weekly Technical Analysis UpdateMidterm forecast: While the price is below the resistance 43.75, beginning of downtrend is expected. We make sure when the support at 37.10 breaks. If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the peak at 43.835 on 2020-08-26, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased. The RSI support #1 at 52 is broken, so the probability of beginning of downtrend is increased. A peak is formed in daily chart at 43.75 on 08/26/2020, so more losses minimum to Major Support (37.10) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 32. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️Shortby ForecastCity_ME5512
USOIL - Long postitionalWeekly chart shows Long, should go Long positional for results. Enter at the hourly pattern breakout.Longby Prabhualgan1
Channel pattern in crude oilResistance:46.5 Support@41 Trade based on price action on support and resistanceby nikhilgodhaniUpdated 2
Wait for the break or trade the channelPrice inside the channel either wait for the breakout or trade the channel, that is short when reaches the channel top and long when reaches the channel bottom.by Tradersasi23Updated 334
USOILJust watch the levels , it will break or not! candle close is important.Shortby Index_LoverUpdated 110
Crude to test 34$!!!Crude can go up only on a strong closure above 38.3 on a daily basis. Most likely we will see a drop tomorrow to test the important levels of 35-34$. If it breaks we are in for a free fall in crude to below 30$ levels.Shortby TFactory110
chart pattern technical analysis and support and resistance#CRUDE OIL make a short position with a bear flag.OShortby UnknownUnicorn60635631110
USOil once again triangle pattern Once again (4th time in a row ) Usoil is making a symmetric triangle, breakout may happen both the direction. Wait for the break and enter the market. by Tradersasi23Updated 447