A small pullback is expected in Crude and then further can go till Harmonics D point. Looks bullish till $81
hey guys become a millionaire with US OIL please go throught your analysis
crude has falling from supply zone reacting to the resistance. trade setup : short crude / sell usoil
now crude nymex wti overbought side in daily chart esy on 79.55 if sustaina bv thna expect 80.40-81$+++++ where support 78.20--78 if sustain blw than bear turn will active soon till 77-76$ over all eys on fed speech if boost for economy thna more up side other wise game over in crude mcx crude eys on 6555 if stya abv or close abv thna see 6680-6713++++ where 6812...
There have been 5 instances in the past 1 year where crude has tried to cross back above the 200EMA and each time fallen back down below it the following day.. Makes for a very interesting low risk crude trade... Use the 200EMA as a SL..long above it..get stopped out below it.. Personally for me if crude can stay above it then certain select crude stocks will...
All mentioned in chart.Check the zones its for smc trader if any ther idea if u have kindly share FX:USOILSPOT
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 .
crude spot sustain abv 76 looks 77-77.80$ in mcx now last call was low made 6185 or sl hit now may be go 6300+++++++
USOIL 1Htf breakout from a nice pattern waited too long to this breakout to happen momentum would catch up soon Lets see....
It is likely to go up now as abcde wave is completed. Let us see this time if it is breaking contracting triangle.
USOIL Long Daily Target - T1 - 83.51/ T2 - 84.0 around 14th Feb.
Crude Oil go up from this point. we can see bullish divergence from here. And Getting support here.
Head and Shoulders on Hourly Chart.. USOIL Short Opportunity. 50SMA Support at 69.94 Next Short Term Target 68.01/66.80
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 CRUDEOIL BEARISH BELOW 71 FOR JULY MONTH Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity.
Crude oil stuck in a lower range giving comfort to oil importing countries such as India.
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.