Crude Flag Pattern: buy above : 57.12 Target : 59.05
Crude Next up Rally will Be , 1. If Break & Close Above Slope Line. 2 Break out 57.37 Strong Resistance Target : 58.32, 59.87 Crude Break out will be, 1. Breakout Strong Support 56.88 Target : 56.02
TVC:USOIL IS A SELL for tgt of 55.89, sl 58 $
Observations from the chart - WTI Crude trading in up trend channel since last 1 month - 20 day EMA crossover above 50 day EMA and 200 day EMA - 50 day EMA crossover above 200 day EMA Based on the observations we feel: WTI Crude to be in positive territory & If channel trade is to continue there seems to be good opportunity to go long for target of 54-55...
Crude Formed Bullish Pennant Chart pattern Buy Above : 55.79 Stop Loss : 55.60 Target : 57.34
Market analysis In the US OIL script a downside BUTTERFLY is completed at strong resistance zone so i'm expect a downside retracement upto 0.382 ...
1.Crude Broke The Falling Wedge and now reached 50% target. 2.The actual Target is 62.00$. 3. 62$ is already strong Resistance which tested on May, June 2015.
Market analysis.. US oil forming a channel price movement in 1 hr timeframe if that break and close above the channel resistance mean it will touch $55.80 and i STRONGLY feel that $ 54 is a STRONG SUPPORT..
Breaking of this Chanel may Pave the Way of New Trend..
crude oil might test 54.80 ,55 zone (prev high) ..from that point it forms a cup and also a ascending wedge ,so fall from 55 zone to feb retracement levels forming the handle. and it meets the support line of the uptrend channel ....from there it might resume a new uptrend forming new highs if it breaks the 55 zone resistance line ,we might see a fresh multi year...
Crude Oil looks like a shorting candidate as it is in a verge of forming Double Top on Daily Chart
Closing around $51 on any day in the first week of October may take it down to $49 by the third or fourth week of the month. Go short @ $51 Target @ $49 Stop Loss @ $51.50
Buy above 51.6 with the stoploss of 51.4 for the targets of 51.85, 52 and 52.2. Sell below 51.2 with the stoploss of 51.4 for the targets of 51, 50.75 and 50.40.
AB is the Range confirmed by CDEF pivots. E and F are just the push backs as they are not broken yet and hence counts as pivots inside range boundary. However when E or F is broken below are the expected scenarios . Scenario 1 : Acceptance - Orange arrows Break and Acceptance of 'E' will give a Long setup Break and Acceptance of 'F' will give a Short setup...
Chart Advise has been recommending in its advisory for a a CRUDE OIL buy and the view has been fantastic. The steady upward traction seen on the charts since the past few days once again reiterates the point that the prices always speaks ahead of the move. I have found Pitchfork to be quite an important weapon against the trend. It has helped me several times to...
Priceaction has broken the support. Sell below 52 with the stoploss of 52.15. Targets are 51.75 and 51.4.