WTI Crude OIL testing STRONG support zoneWTI Crude OIL testing STRONG support zone.
It should break below the support and go up.
USOUSD trade ideas
Oil turnaround to upside ?Recent developments in the US oil market have sparked optimism among analysts, as prices appear to be finding solid support on a macro trendline when viewed on a weekly timeframe. This suggests that after a period of volatility, oil might be gearing up for upmove.It might check the levels to upside from here with targets of 80,82,84 above.
US OIL WTI : Bullish - Falling wedges + inverse Head & ShouldersUS OIL WTI : Bullish - 2 falling wedges + Head&Shoulders
Wti crude oil can rise higher because of current geopolitical tensions. OPEC countries have reduced their daily production of barrels of oil.
Technically:
The wolf of Zurich has detected 2 "Falling wedges" and an " inverse head & shoulders" .
These chartist patterns could raise the price of WTI oil around 96$-98$ and even up to 106$ ;
However a divergence with their ROC ( Rate fo Change ) has been detected and we could go back down to the levels indicated on the graph 81$- 79$- 73$ ,and then 67$ dollars.
To monitor EMA.50 and EMA.200 on different timesframes
be careful !
have a good day to all
Crude - A good support to Reliance now !!!!worldwide Crude has been given buy calls and its expected to move up which usually lifts Reliance and sometime good spikes. This time Crude is taking support and moving up because of bullish trend and new ATH in US equity. Bullish economic outlook and expected FED rate cuts lifting crude now. Its Buy call worldwide now.
Usoil Order Block | SWING TRADEUSOIL SWING TRADE
Usoil 1hr Order Block This Order block is vimp because its
1 hr POI.
At this level we can see some Liquidty pool.
Here we can take trade with 5 min CHoCH.
Follow for Daily Forex Update
Note - Only for education purpose.
US OIL : BUY OPERTUNITY As i can see us oil is at support level , we can expect good risk to reward ratio in this trade .
Follow for more.....
Oil in downward channel 77 next ?Oil is in downward channel recent price rejected from 79.80 top of the channle expecting it test 78 and 77 if this price action follow through happens mentioned levels possible.
US OIL TARGET ACHIEVED 🫶As i shared this idea as early as possible .
Hope my followrs have made huge profit with 1:3 risk to reward ratio.
Do Follow for more updates .
Make money together ❤️.
US OIL: DOWNTREND We can see downtrend and could capture big move if price break below the trend line .
MAJOR SUPPORT AND RESISTANCE - USOIL 6-10 MAY 2024This are major support and resistance(Not Daily).It is too hard to Publish Daily S AND R.
Trade carefully.
Note: This is only for Learning.
Note: There can be conflict because of CRUDEOIL INDIA CHART
Us oil Brakeout.As we have taken the trade at breakout .
Who want to join in this trade could get into trade at this pullback and enter the trade with good risk and reward ratio.
USOIL : Is at level to sell .we could see big downward movementuAs my previous predictions im sure that us oil will follow pattern , and we can get huge profit from this trade.
Us oil could give big downward movementum and we can see huge sell off at this level.
USOIL :as i predicted we got a huge profit in this trade.If you have followed me previously, you had know about this trade and could have got Good amount of profit in this.
Us oil is going to take target as i predicted previously ..This is very good risk managment with 1:3 Risk and Reward ratio .
Crude Oil USD Movements Analysis On 28th Feb 2024
USOIL seems like taking support of 100 Ema on Monthly and Daily TF.
If it close above 5ema at the end of this February Monthly Closing it would be good confirmation to Buy.
Crude H&SCrude is again getting rejected from the downward TL, seems like its forming a long term H&S, can see a 30/40% correction in the coming 2 years
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USOILProbality of bottoming out strong bases build at 65 on correcion innext 4-5 week towards 75-80 levels build long position for upmove towards 95 and 115 in next 6 to 12 month .
View fails on weekly closing below 65
Usoil 1hr POI | Forex Best TradeHi trader
This 1hr POI USOIL Taken Previous day liquidity (16/04/2024).
I expect Buying from this level
Note - Only for education purpose.
Usoil Order Block | SWING TRADEUSOIL SWING TRADE
Usoil 1hr Order Block This Order block is vimp because its
1 hr + 4Hr Demand Zone.
At this level we can see some Liquidty pool.
Here we can take trade with 5 min CHoCH.
Follow for Daily Forex Update
Note - Only for education purpose.
USOIL is ready to rock🚀US Oil is at important zone formation of Descending triangle pattern. If this sustain near Support then we can see a good upside move if break then see a huge fall. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature
Crude Oil Analysis - Looking Good RR in Down sideCrude oil faces resistance at the 200 moving average after break down rising wedge patern, indicating a potential 1:4 target. Traders may consider this point for planning their positions, keeping the SL in mind.
looking good RR we can take this risk but make sure to cut positon above 200 EMA.
