Price rejecting from the trend line, If breaks the trend line then it will reject from 41.30, if breaks this level then we can expect long . . .
Price after the triangle breakout now forming flat bottom raising trend line pattern and currently trading near the bottom support. In lower time frame it is a channel pattern and inside it is forming a triangle. AS this platform is not allowing to post all the time frame analysis in single post I will post it in comment section.
Clearly todays inventory data showed fall in reserves of inventory. So when inventory data is less it implies that lot of crude which was saved up as reserves were put to use or in other words consumed. Now I want to shift your attention to this term " PRODUCTIVITY OF A COUNTRY " When crude is consumed like the data shows it means productivity of a country is...
I hope you can now see how USOIL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
Crude will be in a range of $39 to $43 in the month of October. More probabilities of breaking the upper circuit to test $45 and $49. But a news pertaining to lockdown in U.K can drag it below $39. Best buying range $39-$39.7 for a target of $43 with a Stop of $36.5.
Price after a short uptrend consolidating to form a Flag pattern and if breaks the important level of 41$ then we can expect the flag target mentioned in the chart.
WTI CRude started making higher highs. So the previous decline in a-b-c down for wave 2 is over. no ending pattern in wave 2 extending it lower. This means that wave 3 up started. But it should be a slow and steady advance from here on. The forewords in wave 1 are not going to return. First hurdles are the 20/40 day averages at 40.25 and 41 and we need to close...
H4 - Bearish trend pattern. Currently, it looks like a correction is happening. Until the strong resistance zone holds, I expect the price to continue lower further.
USOIL symmetrical triangle pattern formation in 1 hour TF
forming a triange pattern in 1hr TF expecting a long run, confirm and enter position
Midterm forecast: While the price is below the resistance 43.75, beginning of downtrend is expected. We make sure when the support at 37.10 breaks. If the resistance at 43.75 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the...
Weekly chart shows Long, should go Long positional for results. Enter at the hourly pattern breakout.