Crude OilIs this a start of New Wave 3 for Crude Oil?
Wave 2 retraced near 61.8% of Wave 1, Entry into the Upper Channel would confirm the start of Wave 3.
USOUSD trade ideas
USOIL/ CRUDE OILPrice rejected from Daily Demand zone, which shows that price turning into bullish in daily charts, however in H4 we have potential resistance in the form of Breaker block and supply zone... price currently rejected from H4 Supply zone, if we have LTF BOS at least in M15 we can go with shorting...
Has USOIL bottomed out?USOIL has taken support on the lower trendline and bouncing back. One can take a long position above 67.31 level for targets of 70 and 72
Learn & Earn,
Dr. Tanya Kumar
Crude is in Bearish modeNow crude in at a strong support zone
It is already reached a low of $62.46 and now it is an indecisive stage.
If it cross below $64 levels. possible to reach the support zone shown.
if further cross below this zone, the expected levels are $58.3, $52.4
The above observations are for STUDY purpose since the analysis is on weekly time frame.
Crude is ready for another bear moveAs per the trend analysis, crude has completed the retracement as shown by the wave structure and can be sold for a RR of 1:5.
Crude - look for opportunities to go long againAfter the y'day upside move in final few hours and earlier today, crude has retraced to .618 levels of previous rise.
this should be a good area of value for fresh longs with stops below .786 fib.
In another alternate scenario, the retrace can get deep to .786 fib and bounce from there.
Entry should be based on a bullish candlestick setup in minimum 15 min tf.
Crude - is the bottom done for short term?Crude after witnessing a 10% intraday fall, is about to close a bullish hammer/gravestone doji candle.
with low of this candle as SL, long is a good R:R trade.
Buy when price starts moving above the high of hammer/dragonfly doji candle
Major Support n Resistance Levels of Crude Oil December 2021According to previous Price behavior and current situations, here I am posting support and resistance levels for intraday and short term swing trading.
CRUDE in ALT-BAT HarmonicThe crude price crossed below the trendline
It forms an Alt-Bat harmonic.
A reverse expects from $64.66
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CRUDE nearing SUPPORTCrude nearing a strong support after its free fall
Effect of US intervention may be the reaction of the crude market
It is a trendline support, we hope it will reverse
Also it forms a Bullish BAT harmonic.
Crude Positional Buy @ 71.5-71$ Catching Falling Sword sl beloCrude Positional Buy @ 71.5-71$
Catching Falling Sword
sl below 68
Traget 75-78-81-85-90+
Crude - look for opportunities to go longIn Crude, divergence has appeared on 30 min tf, while it can still make 1 leg down below low made today, the idea should be to hunt for long opportunities from Monday.
on MCX, 5500 and below puts can be sold
CRUDEOIL WITH BUTTERFLY HARMONIC PATTERNA Butterfly harmonic pattern formed in Crude
A reversal expect near 80.
Various other price action levels are also shown.
Currently observed bullish till 80.
For Study purpose only
USOIL Trading Plan - 18/Nov/2021Hello Traders,
Hope you all are doing good!!
I expect USOIL to go UP to complete this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
USOILCHECK AND UPDTE. The underlying instrument for USOIL is the light sweet Crude Oil Futures contract which is traded on the CME . West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing.
Historically, WTI has traded closely to Brent and the OPEC basket, but it currently is discounted against Brent crude oil. Historical price data for WTI can be found at the Energy Information Administration of the Department of Energy.
Gann fan analysis for Crude.Gann fan analysis for Crude. We are in a sort of neutral zone with resistance at 85 and support at 79.6. If 85 is crosses, we will see a good upmove. If support breaks and Gann fan level breaks too, we can see a deep fall as seen in history and marked on the chart.
CRUDE Intraday view buy @ 79 $ range INR 5970-5985 Crude poCRUDE Intraday view
buy @ 79 $ range INR 5970-5985
Crude positional has to come to 75$ range before moving further for new highs
Crude oil next movementsCrude oil is breakout of monthly channel, so crudeoil is going up in coming trading days
USOIL SHORT * 1.272 ABCD
* 1.414 ABCD
* 1.414 XABCD
* hammer candle on daily
* Divergence on 4 HR
* double top in formation
* higher oil inventories
* RSI overbought on daily
* 83$ strong support became resistance from 2012
Crude Oil Head & Shoulder Breakout...[Crude Oil Head & Shoulder Breakout...for education basis only.
us oil sell setup foundus oil sell setup found with channel trading and market is lying on strong resistance
USOIL Sell Setup Foundwe found sell setup senerio for usoil o we can say wti right,
so in this us oil technical analysis , i have shared my 4 to 5 scenrio in which i can see for selling pressure for us oil
USOIL/ NEXT TARGET 76$$$$$as per our analysis USOIL gave the target of 76$
check the chart link below
