CRUDEcrude probabily comes down fast....then equity markets around the world will be benifitted...bcoz..inflation may get controlled upto certain level....
USOIL trade ideas
Crude Oil USOIL Elliott wave countsAs per Elliott wave structure and along with running trend sequence USOIL Crude oil is looking sell now or on rise (if any) with invalidation level of $ 90.17
Also RK's mass psychological cloud is suggesting to go short
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
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FINANCIAL MARKETS HAVE CERTAIN AMOUNT OF RISK BEFORE TAKING ANY STEP IN THE MARKETS HAVE PROPER KNOWLEDGE & CONSULT ANY PROFESSIONAL . ANY STEP YOU TAKE IN THE MARKET WOULD BE AT YOUR OWN RISK ! ,
WTI crude at support levelWTI crude at support level , It can long in range 83-86 target would be 96 with stop loss 78 closing basis
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st support:
79.58
Next Zone area & horizontal swing Low support
1st Resistance
90.62
Zone area & horizontal swing high resistance
Crude oil CMP 82.72 $ buy above handle closing basis Target - 8Crude oil CMP 82.72 $
buy above handle closing basis Target - 85- 87- 89+
Sl 80$
Cruid Oil is on major support.~one more positive news for stock market is crud oil is on major support.
~If It may break the major support , It will give positive impact on Indian stock market...
US oil - Crude oil Elliot wave countAs per wave structure wave 1 and wave 2 of bigger degree has been completed and now, possibly we are unfolding smaller degree wave 1 of bigger degree wave 3.
It has given breakout with good intensity of volumes on hourly chart. Well, Overall crude oil is looking good to go long at these levels with stop loss of $ 85.70, for Targets of $ 90, 92, 93.70, 97.86, 100.71, and up to 105.
Breakout with good intensity of volume
MACD already positive and uptick and also above zero line on hourly time frame
MACD uptick and now positive crossing on daily time frame
RSI uptick on hourly time frame
RK's mass psychological cloud suggesting to Buy now or Buy on Dips (if any)
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
USOILUSOIL
Chart Pattern - Symmetrical Triangle
Chart Pattern Type - Continuation Pattern
Time frame - 15 min
Taking support from lower trend line.
This chart is for educational purpose only. No trades are recommended
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st support:
82.68
Next Zone area & horizontal swing Low support
1st Resistance
99.68
Zone area & horizontal swing high resistance
Crude oil trends to be bullish once it crosses 91.62As we could see that in the last week the crude oil has broke the descending channel break out and gave a bullish movement and now the retrace too has been given. So once the price closes above 91.62 in four hours or in daily cancel then the price would go to 97, 101 and don on. So kindly take ur own analysis and start ur tradings.
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st support:
82.68
Next Zone area & horizontal swing Low support
1st Resistance
99.68
Zone area & horizontal swing high resistance
Intraday Opportunity: CRUDE OILYou can initiate a Long trade if 15 min candle closes above the resistance line with Target of 1% and SL of 1%
USOILUSOIL
Failed Flag and Pole Pattern
Strong downtrend with high volume - 1 hr time frame
This chart is for educational purpose only
I am not a SEBI registered user.
Crude took support at 50 EMA. Now slightly bullishCrude, after touching a peak, fell and took support at 50 EMA. Now slightly bullish. Overall trend looks bullish over last few months. Same expected to continue . Indicated as per this report too www.spglobal.com
Crude Oil on brink of down trendON Daily Basis:
US Crude Oil is facing a strong resistance at 95.5 and 200 DMA at 96. There is a strong pattern of death cross where 50 DMA is about to cross 200 DMA which is a bearish signal. It has made a double top on 8th March and 8th June. It is on brink of down trend which may start any day from now.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
Ascending scallop target achievedpositive pattern at base target achieved. Now let's see its below CPR's resistance if it comes above cpr we can see breakout then buy or it'll take resistance from cpr and falls then sell.
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st support:
82.68
Next Zone area & horizontal swing Low support
1st Resistance
99.68
Zone area & horizontal swing high resistance
US crude Oil-Flag Pattern on chartFor upside - take confirmation from RSI moving upside.
Probability towards upside.
Learning & education purpose only.
Us oil predictionUS oil breaking out for 102,111 dollars. keep adding till 90 with sl of 87.5. personally bought at 91.5
