A bearish signal looms for crude oil if it fails to sustain above the 100-day Exponential Moving Average (EMA), a key technical indicator signaling a possible downward trend.
We are going short on Crude Oil, Due to adjustment of sentiments, and expect to move lower.
News: Drone Strike Heightens Supply Fears
Crude oil prices witnessed a surge on Monday due to increased tensions in the Middle East. A drone attack targeting U.S. forces in Jordan, believed to be orchestrated by Houthi rebels, has raised concerns over potential disruptions...
Symbol : USOIL
USOIL is currently trading in a falling channel & consolidating in demand zone. Breakout of this channel & area will lead to a bullish upmove.
One can Long in USOIL at Current level 72.
SL : Below 70
Target : 75.50 - 78 - 82
The market is overbought at around 76.46, we are expecting a Sell off for about 200 points, This will also mark a weekly correction. The fundamentals are currently supporting this move.
CRUDE 4h chart update as expected price have pushed up into the 4h extreme FVG if price give a structure change in 15min we can look for entry in short here.
You can vouch that the US Oil is stuck up in linear regression channel which is downward sloping right now. Its 01.14 a.m. After around 21 minutes from here i.e at 1-25-24 1:36 AM it will turn bullish and break this channel upwards. Next candles are 1-25-24 6:02 AM
1-25-24 10:28 AM
1-25-24 2:54 PM
1-25-24 7:20 PM
1-25-24 11:47 PM
Disclaimer: I am not a...
Symbol : Crudeoil or USoil
Time frame 30 min
Analysis:
Breakout happened on the resistance line with high volume. So we can expect a target of 77/78.
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NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
We are looking for sell opportunities, The leg long will be sold at around 73.40 for a target of 71.45, Wti is bearish in H4, and the corrective move up should be shorted later in the day.
Please read notes on the chart for US Oil and act according to the levels marked for next week.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
US Oil had turned bullish as mentioned earlier over 72.8 (INR 6062). But, today's evening session is very important for the commodity. For NG 2.45 (INR225) is the crucial level.
For Indian Stocks, this week is volatile, thereafter stocks will show their direction. Already mentioned some stocks as Rajesh Exports, SBI Cards, Jubilant Food, UPL HDFC Bank, Lux...
Eliot Channel. (trade with wave C)
Oil has completed the corrective ABC wave and continues its down to 65.xx
People can short sell on a downtrend. good luck.
Mr Jun.
Provided are the notes on the chart. Buy, only above 72.80 and sell whenever price goes below it.
Today's candle (pivotal) is 1-17-24 7:21 AM. If this is not broken, not to worry at all.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be...
It looks like WTI has a intraday buy signal at around 73.00 zone with stop loss below 72.00 , The minimum target will be 74.70 in the next few hours as the zeo political sentiments have improved, and external indicators are showing bullish signals. The RSI is mixed to bullish.
Price have filled all the FVG in 4H chart and have given signs of continuation of downtrend. Jumping down to 1H chart we have trendline breakdown and re-test on OB+FVG done expecting price to keep pushing down.
![USOIL: In Demand Zone - Long bet on Crude [USOIL]](https://s3.tradingview.com/3/30GagOKq_mid.png "In Demand Zone - Long bet on Crude [USOIL]")
