us oilcrude oill have formed double bottom on day time frame so if it breakes neck line so we can expect a huge rally
USOIL trade ideas
CRUDE OIL : BULLISH TRIANGLEThe current price action has formed a bullish triangular pattern which suggests that one should go long with SL of 67$ & look for the target of 71$ -72$
US OIL DAILY CHARTusoil daily chart analysis channel formation and flag formation take support daily time frame
WTI Crude.......Full bearish mode.....
Strategy : Sell on rise....
Tradign levels... marked....
Happy Trading....
CRUDE OIL CHANNEL SUPPORT * Uptrend channel support
* ABCD 1.272
*XABCD 0.886
*support area from 63$ to 60$
* 200 DMA support at 61
CRUDE LOOKS POSITONAL TARGET 62-58$ CMP 68$Crude Looks Positional Target 62-58$
Cmp 68$
Short - below 65$ looks more weak.
Crude oil important week ahead.Note Supply and demand levels..
Weekly (Buy trend correction) formed a Doji candle.
Daily (Sell trend).
if closes above 70.16 in daily, it will be sign of trend reversal..
If not it may fall further to test the weekly demand range 61.5 -63.8.
CRUDEOIL BREAKOUT AND CURRENT RESISTANCES.crudeoil 1hr breakout.
bought at 72.08.
currently takes support at 7.75.
Follow For More.
If you can't control your emotions in trade
your fund balance will soon fade:{
Breakout strategy crude US OIL WTI trend line breakout. Need to have follow up candle. We can take a long position with strict SL
Trend line works so wellCrude is respecting the black (lower) trend line , if breaks will touch the upper one (another black). I will long once sustains above breakout for target of 72.5
oil companies under consolidationcrude reversed from 76
if falls below 65.70 on weekly closing basis then can see lower side of 56
many indian oil companies showing range bound movement IOC , BPCL,HPCL good candidates for long position once crude starts falling.
Disclaimer: trade at your discretion
CRUDE OIL: ENDING DIAGONALCRUDE OIL: EDNIGIN DIAGONAL : MY FAVOURITE ! Go long with day low SL 67.5 $ for minimum target of : 70.85 $.
Crude oil hourly in trend lineHave Multiple timeframes supply and demand ranges in hand..
Think & Trade in probability.
