USDWTI trade ideas
WTI consolidation - awaiting break out or break down Anyside move may happen,
Keep your eyes on the red box
Bullish Trend continuation WTI OIL seems to be bullish and if breaks upper trend line resistance (dark red) , next target 73 and then 73.5
CRUDE OIL BUY CMP 66.4 FOR TARGET TARGET 68.5- 70.1- 71.4- 72.CRUDE OIL BUY CMP 66.4 FOR TARGET
TARGET 68.5- 70.1- 71.4- 72.7- 74.5- 75.6- 77+
SL BELOW 63
crude oilCrude oil entering the Ichimoku cloud on M15 chart... high chances of bullish momentum from here
Crude oil News effectas soon the News came out its Effect USoil Badly You can see clearly ..
here is the next direction for Crude oil
CRUDE OILCrude oil respecting its previous mini supply zone!!!
golden crossover on H1 charts..... go long if take support on 55 ma with a bullish candle!!!
Crude oil in Hourly forming Symmetric triangleFollow Multiple Time frames to trade.
Enter conservatively.
Think & trade in probability..
CRUDE FORMING A SYMMETRICAL TRIANGLE CRUDE FORMING SYMMETRICAL TRIANGLE....DO NOT TRADE AGAINST THE MOMENTUM
Inverse head and shoulders pattern on USOIL chartThe USOIL is currently forming an inverse head and shoulders pattern and is in the last leg of completing the right shoulder. It looks like the price may lead to around US$ 78 after completion of the right shoulder.
CRUDE OIL: Bearish for short termAfter an impulsive fall, crude oil is looking weak & vulnerable to break the recent low. One should go short on crude oil on current levels with SL of 74.9 & look for the target of 70.5-70.2 $ area.
Crude oil at Major supply range
Higher time frame view.
After testing the top of major Supply range, market gave a quick correction and started following the trend in daily Tf..
Market is still inside the supply range of Higher timeframes.
Follow the 4H/1H for further movement.
Key Supply & demand ranges marked.
Think and trade in probability.
Crude oil trading in a tight rangeCrude oil entered in a consolidation phase. Box pattern formed on H1 time frame. Missing volumes and low ADX . Breakout with high volumes possible.
Bullish Cypher & Risky buy signal in US CrudeoilIn 4hrs timeframe we have bullish cypher in US crudeoil, but it came up without activate.
If go down again to activate it is risky call to buy, i doubt it will take SL TOO.
This chart just for observation
Double bottomDouble bottom breakout about to happen, wait till the candle closes and price retests the neck line, the target would be $0.75 and stoploss of $0.3
Spotting a Macro Trend in Oil Industry.US Oil is facing resistance on a long Trend Line. Oil will reverse from this point which tells us a lot about the industry in general. How the world is shifting towards electrification and adapting to the new electric revolution in the auto sector which is the major consumer of oil. Dependence on Oil will decrease from here on. There are no new consumers rising for the oil but rather would be decreasing over a period of time. This is more like a slow death of oil. It won't disappear all of a sudden. This can take 5 to 10 years time keeping in mind how rapidly & exponentially the world is changing.
This is purely a short trade. An aggressive one from the current market level. For the target of $32-$34.
US OIL READY FOR THE RALLYAfter nearly 4 months of consolidation, US OIL about to break the crucial zone of 67-68 to witness 75 levels. The bullish momentum above that can zoom the price like anything!
