As we could see that in the last week the crude oil has broke the descending channel break out and gave a bullish movement and now the retrace too has been given. So once the price closes above 91.62 in four hours or in daily cancel then the price would go to 97, 101 and don on. So kindly take ur own analysis and start ur tradings.
#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st...
USOIL
Failed Flag and Pole Pattern
Strong downtrend with high volume - 1 hr time frame
This chart is for educational purpose only
I am not a SEBI registered user.
Crude, after touching a peak, fell and took support at 50 EMA. Now slightly bullish. Overall trend looks bullish over last few months. Same expected to continue . Indicated as per this report too www.spglobal.com
ON Daily Basis:
US Crude Oil is facing a strong resistance at 95.5 and 200 DMA at 96. There is a strong pattern of death cross where 50 DMA is about to cross 200 DMA which is a bearish signal. It has made a double top on 8th March and 8th June. It is on brink of down trend which may start any day from now.
Warning and Disclaimer:
Above prediction should not be...
positive pattern at base target achieved. Now let's see its below CPR's resistance if it comes above cpr we can see breakout then buy or it'll take resistance from cpr and falls then sell.
#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st...
Fundamental Development: Oil prices fell on Wednesday, taking a breather from a near 4% surge the previous day, on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+. Global benchmark Brent crude futures fell 40 cents, or 0.4%, to $99.82 a barrel, after rising 3.9% on Tuesday. The...
#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st...
23-24 August will be the bottom on USOIL. Based on this time data and ofcourse the price action we have got I think this week will turn bullish on USOIL and we can see a good recovery coming!
USOIL 90.5$
Inverse HS can be seen in hrly chart...
Staying above neckline can see more bullishness in this crude
Vedang
Chart is for study purpose only!!
Fundamental Development: Oil prices dipped on Friday after two days of gain, as market participants weighed worries about global economic slowdown - that could dampen fuel demand - against expectations of tighter supplies toward year-end. Brent crude futures fell 36 cents, or 0.4%, to $96.23 a barrel after settling 3.1% higher on Thursday. U.S. West Texas...
#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
Trading in channel
1st...
