Usoil approaching golden zone on 4 hr time frame.
look for candlestick or pattern confirmation at golden zone around prices 74.50-74.90.
it is the breakout and restest of major resistance and also a golden zone area .
Hello Friends,
Here we had shared possible Elliott wave counts on hourly chart of USOIL CRUDE OIL, in which we can clearly see that after low of May 2023 Oil has done wave (1) & (2) of some degree and now we are unfolding wave (3) of same degree, Inside (3) also we had finished wave 1 & 2, and now possibly we had started wave 3 of (3) which may go $ 73 as an...
This is an entry taken after a multi confirmation such as SMC, price action etc...All of you are requested to trade only after getting multi confirmation and take full care of your risk management.
usoil is going through complicated correction which is making it hard to predict the direction. better to wait if ur long term investor. if your an intraday person make sure to go with less qty.
ANTICIPATION OF FED DECISION
The Federal Reserve is meeting this week to decide on a potential interest rate hike. While analysts agree that the central bank will maintain its rates for the first time since March 2022, investors are focused on the tone of the announcement. If the Fed hints at further rate hikes later in the year, as many predict, oil prices could...
