Market insights
By oilThe H1 trend is declining.
Price resistance breaks, continuing the downtrend.
The crowd is selling along with the trend.
Those losing money will continue to lose; the resistance above provides a reason for sellers to enter and sell further.
USOIL Elliot wave predictionOIL is under the correction and look like it is double zigzag and posible becoming triple zigzag and the if it break out to upside than it may go to upside in very less time.
Crude Oil taking rejection Crude Oil taking rejection from weekly demand zone, if sustains we can see an upmove till swing supply zone . Sl will be below the demand zone .
Crude OilLet's break down the trend and reversal analysis of this chart:
### 1. Trend Analysis:
- **Uptrend:** As seen in the chart, prices form higher lows (HL), indicating an upward movement over time. Higher lows suggest that buyers are gaining strength at each dip.
- **Downtrend:** Conversely, the presence of lower highs (LH) points to a downward trend where sellers dominate, causing prices to decline with each rally.
### 2. Reversal Signals:
- **Stochastic Oscillator:** This tool helps identify overbought (82.60) and oversold (73.03) conditions. When the oscillator crosses above or below these levels, it can signal possible price reversals.
- **Candlestick Patterns:** Notice the formations around higher lows and lower highs. These patterns can provide clues to potential reversals. For example, long wicks indicate price rejection at certain levels, hinting at a change in direction.
### 3. Key Levels:
- **Resistance Levels:** Prices often struggle to break above certain points, known as resistance. In this chart, the high around 79.44 USD could act as a resistance level.
- **Support Levels:** Similarly, prices tend to find support at lower levels like 64.74 USD, where buyers step in to prevent further decline.
To sum it up, this chart indicates that the WTI Crude market experiences alternating trends, with periods of upward (higher lows) and downward (lower highs) movements, while key indicators (stochastic oscillator and candlestick patterns) provide insight into potential reversals.
Feel free to ask if you'd like to dive deeper into any specific aspect!
USOIL or CRUDEOIL DOwntrend Movement upto 76.5/75.15/74Symbol : USOIL or CRUDEOIL
TIMEFRAME 1HOUR
Analysis DOWNTREND Movement
can expect the target upto 76.5/75.15/74
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Crude bounced from lower trend lineExpecting crude to remain within the green and the red trend line for a few years.
Crude WTI ready for big fall,all positive things in price Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Orange/ Green / lines are work as support/Resistance.
Blacks lines are Support/ resistance based on previous important low and High level
ENTRY -
When price breaks Trailing SL (risky traders can take entry after breaking SL 15 % ,safe traders can take entry after breaking SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Trade plan in crude .Crude has taken rejection from supply zone . if sustains we can see a down move till demand zone .
This week Crude accuracy Zone to Zone This week crude did zone to zone, sell was from supply and buy was from demand weekly swing Zone . Break out of supply buy was from supply to XI . Reversal from XI zone .
All target hits with no sl . This chart was shared well in advance at start of the week . updating this entire charts and explained how trade was taken.
This Week 6 Calls in Crude
sell 6417 to 6277
Buy 6277 to 6417
Sell 6417 to 6277
Buy 6277 to 6417
Buy 6465 to 6700
6655 to 6501 Accuracy of zones . All SL were 40 points .
US Oil, Day 1WTI oscillates in a range below $73.00 mark, downside potential seems limited
West Texas Intermediate, the US crude oil benchmark, is trading around $74.15 on Wednesday. The WTI price edges higher amid expected higher Chinese demand and a larger drop in US crude stocks.
XTIUSD next move from golden 61% level after Market structure Shift crude may move to grab LIQ from 68.4 level
my SL is 68
target is 71.25
I think crude is now bullish and ready for a bull run...
USOIL ORDER BLOCK | LONG TRADEUSOIL ORDER BLOCK | LONG TRADE
Hi Traders,
This is Usoil 1hr + 4Hr OB according to smc
we will see buying from this level.
Best time to take trade is 5 min CHoCH
Only for education Purpose
Give like, SHARE , FOLLOW FOR MORE UPDTAE
Crudeoil Next Target 74 dollers...As expected restest of Crudeoil has done....Crudeoil has spent time on the restesting level....next target hopefully 74 dollers if todays candle closed on 71.50 dollers...
USOIL ORDER BLOCK | LONG TRADEUSOIL ORDER BLOCK | LONG TRADE
Hi Traders,
This is Usoil 1hr + 4Hr OB according to smc
we will see buying from this level.
Best time to take trade is 5 min CHoCH
Only for education Purpose
Give like, SHARE , FOLLOW FOR MORE UPDTAE
USDWTI Crude oil, offering potential +33% return on investmentA triangle pattern formed in U.S. Dollar/WTI crude oil. A breakout above this pattern could lead to the market reaching the target of USD 94.99. Offering a potential +33% return on investment. Best of luck!
Crude Oil...Oppertunity to short or New high beginning..!!As expected crudeoil heading towards the rejection structure....will it give a sharp fall or will break the structure ....Most of the breakouts gets failed and as such there is no news that crudeoil should break the structure....but still we have both opportunities...if breakout happens wait for retest...and rejection came the go for short...
Crude zone to zone doneCrude took exact reversal from demand zone and reach target supply zone
Zone to zone done
USOIL - Swing Breakout-> USOIL - is now breaking the swing support
-> Seems Bullish for next few weeks
-> Expecting a rally towards $72.00
-> If $72.00 breaks, next resistance will be $77.00
-> Good Luck, Traders!
Crudeoil ....Showing Bullish Momentum .....Crudeoil always taking support from 67 doller.....buyers still holding their positions to 67 doller.....last war news had affected it and pumped up.to 78 dollers.....its consolidation period now....may after few rejections it will break the structure...hopefully we will see the bullish rally again...
US oil H4West Texas Intermediate US Crude Oil prices show some resilience below the $67.00 round-figure mark and attract some buyers at the start of a new week. The commodity currently trades just below mid-$67.00s, up 0.60% for the day, and for now, seems to have snapped a three-day losing streak to a three-week low touched on Friday.
OIL long zoneOIL now near to strong support
this zone pullback the price 4 times
should the price pullback retest agin downtrend on H4
Oil Support&Resistance LevelsOil forming a rouding bottom pattern at demand zone where it previously tested this zone held and rallied back to 73 area expecting same if this 69 area voilates above sustains that 73 mark will acheive eaily.
key levels to watch for 69 above and 67 below in between it will range as it is doing same as of now. A breakout above or break down below only could give us a good moves.
