USOILSPOT trade ideas
Crude WTI currently on Support Zone Crude WTI currently on support zone and for the starting of session may be we can see pullback to resistance zone , it faces high rejection in last session and currently roaming on a zone of support , we can see a pull back to 74.800-900 range and if it breaks then it may goes to Resistance from here may be it can try to break resistance zone but if it lags in pullback and goes below support zone we can see the dip of atleast 2 to 3% easily before the closing.
Crude WTI until 71.95 not break buy on dip Target 75.42 ,76.78 Crude WTI until 71.95 not break buy on dip Target 75.42 ,76.78 ,79.58 ,81.85
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 :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Crude buy on dip until recent low not break 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 :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
usoilHere’s a refined description based on your input:
My analysis on crude oil focuses on the **15-minute timeframe**, using pure **price action** to identify key **support levels**. I rely on observing **price movements** to find areas where the market consistently reacts, highlighting potential reversal or breakout points. My approach avoids any indicators, emphasizing **raw market structure** and recent price highs and lows. By analyzing the **strength of these support levels**, I aim to predict future price behavior with accuracy.
USOIL Support and Resistance levels You're referring to the USOIL (West Texas Intermediate Crude Oil) futures contract!
As of my last update, the current price of USOIL is around 68.50-69.50.
Here are some key levels related to the USOIL contract:
Resistance Levels: 70.00, 72.00, 74.00
Support Levels: 66.00, 64.00, 62.00
Fibonacci Levels: 23.6% retracement of the 2020-2022 decline is around 67.40, while the 38.2% level is around 70.80
Trend Lines: The pair has been trending upwards since the March 2020 crash, with a long-term trend line around 42.00
Pivot Points: Daily pivot points: S1-67.15, R1-70.25
Crude Oil on a down hillCrude OIl CMP $67.52
Inverted V is a directional sell signal. Its most imp support is at $65..50/63 . Break of the same will mean further weakness. Its next support is at $44.
In my last post on Feds action I had stated that the real danger is not increasing interest rates by Fed but reducing them. They will reduce interest rates when then they see deflationary threat. The threat is real. I posted CRB index the other day. Crude is an imp component of the Index and it is showing weakness. In its next meet on 18th Sep they have further reduce the interest dates to stoke inflation if crude breaks $63. This will being in the next round of selling in the Equity mkts. So will advice not to be in a hurry to buy. The correction is still not done.
LONG TRADE IN CRUDE OIL - USOILSymbol - USOIL
USOIL is currently trading at 70.92
I'm seeing a trading opportunity on buy side.
Buying USOIL at CMP 70.92
I will be adding more if 69 comes & will hold with SL 67.50
Targets I'm expecting are 75.50 - 78
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
US OIL London sessionThis is a place where you can identify the possible movement in mentioned session. Entry activated only when a candle closes above or below the drawn level, And the next candle creates a wick down(for up movement) or up(for down movement) and breaks the candle high or low.
When entry is activated SL will be below or above the 30 minute candle.
US OIL London sessionThis is a place where you can identify the possible movement in mentioned session. Entry activated only when a candle closes above or below the drawn level, And the next candle creates a wick down(for up movement) or up(for down movement) and breaks the candle high or low.
When entry is activated SL will be below or above the 30 minute candle.
crudeoil (Bounce)1)Price on the Monthly Trend line and previous support line which is 67.694(white line)
2)The price has fallen making a significant lower high(77.579). If we count Elliot from this point, the end of the 3rd wave may be at the lower support line.
For this reason, some points may bounce from here to the above yellow trend line.
There is bullish divergence in the hourly time frame of 4th September low or current low.