CFDs on Crude Oil (WTI) USOIL

4% upside possible from current levels

Note on chart and thank you for your ILIKE! Trade with care!

Crude oil 60 min chart study

Crude Oil weekly chart study. We see that the Fibonacci levels as well as the pitchfork boundary coincides and shows a strong resistance and a possible price reversal zone. RSI divergence also substantiates our bias. We will confirm the beginning of a new downtrend only after the wedge breakdown.

Just for testing

Details on chart.

short

buy

expecting a significant dip once this subwave up terminates

Pls. see chart for levels.

traiungle

Buy USOIL at 68.15 T1: 69.10 T2: 69.90 SL: 67.15

Buy USOIL between 71-70.25 T1: 72.50 T2: 74.25 SL: 69

Charts are self explanatory, pls check. Any doubt one can contact on twitter handle @rachitpjain

Will wait for a week or more for the right time to short.

Short USOIL between 67.70 - 67.80 T1: 66.85 T2: 66.30 SL: 68.25

On the daily charts we can see head and shoulder pattern. More downfall in Crude possible?

IF IT BREAKS THE NECK LINE IT CAN GO TO THE NEXT SUPPORT ...IF IT BREAKS THE NEXT SUPPORT TOO WE CAN SEE A HUGE DOWN FALL (OR) IF IT DOES NOT THEN THERE IS CHANCE FOR DOUBLE BOTTOM HENCE THE SAME RULE APPLIES THERE