USOILSPOT trade ideas
Crude oil analysis USDCrude oil is trading within a bullish channel and gaining from last 4 trading sessions. According to price action consolidation near previous high will make it more bullish and we can see 92 to 95 level near future.
On the flip side if fails to breakout above previous high we can see profit booking or consolidation.
Crude OilCrude Oil Expected to correct till 73.15 in few days.
Minimum it should correct till 73.29.
Its following a beautiful trendline since long - marked in white colour.
Volume is reducing.
Short Crude oil for a target of 73.29 & 73.15
Please do analyse yourself also on charts. This is for paper trading and educational purpose only. Must consult with your financial advisor before investing.
USOIL/ CRUDE OILPrice rejected from Daily Demand zone, which shows that price turning into bullish in daily charts, however in H4 we have potential resistance in the form of Breaker block and supply zone... price currently rejected from H4 Supply zone, if we have LTF BOS at least in M15 we can go with shorting...