USOIL ANALYSIS LOOKS GOOD FOR SELLDowntrend continues on us oil
looking for marked zone for sell
condition for sell
* when touched poi zone change timeframe to 1 min then wait for choch and idm taken.
if not understand dm me
WTI trade ideas
CRUDE OIL(US OIL)US oil has broken its major downtrend line and is managing to test and sustain above the supports , is buy on every dips untill it stays above 70$ levels , keep SL very small at 60$ , any monthly candle closing below 70$ is an exit from trade , RR looking great and potential reward on the upside is very high
usoil is going through complex correctionwe can see usoil is going through complex correction, moving in set of 3 waves. creating difficulty for the traders to find a good RR trade. since it have bounced back from new low last night its its expected to move to 71$ and make a fall again. good place to sell would be around the given area of interest.
Crudeoil long setup and short re entry levelsCrudeoil has reversed for a pullback. But on higher time frame, still looks bearish
Bullish | 4H | inverted head & shoulderin 4H its a swing, & in 1H its a head & shoulder pattern, after the breakout in 1H , its a buy.
the take profit and stop loss level in mentioned in the snapshot.
hopping the maket will rally up..
if the US OIL closes above 82.60 in weekly, then it's a cyclic DB pattern breakout.
Elliott wave counts of USOIL and Fibonacci levels (up, down, up)Hello Friends, here we had shared possible Elliott wave counts of USOIL CRUDEOIL chart on hourly time frame, which is suggesting we are currently in impulse wave of some degree, in which we had completed (i)-(ii)-(iii)-(iv) and now possibly we are unfolding wave (v) of bigger degree wave 1, in this scenario we had seen that wave (iii) has been extended and clearly showing subdivisions inside it and also shown gap up as its nature, so we can assume that wave (v) can go up to equality of wave (i) which is showing price level of near $ 86.75, post completion of it, we can start retracement as a wave 2 in a-b-c pattern, that correction could get support at that same gap which we got gap up in wave (iii) so it can provide good support and as per Fibonacci measurements 50% retracement of entire rally also meets that same level of gap support which is pegged at $ 75.50, which can make that support more stronger. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Overall crude oil is looking bullish right now then little down to unfold wave 2 and then again up to unfold wave 3.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
BULLISHCrude oil is in cyclic double bottom pattern in weekly time frame.
If the weekly candle closes above 82.60 level then consider buy opportunities.
If weekly candle closes above 82.60, then wait for the further structure or pattern to form and decide the levels to make the trade.
Crude Oil- BULLISH CONTINUATION!Attached: Crude Oil Daily Live Market Chart
On Sunday 2nd April 2023, Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day.
Top OPEC producer Saudi Arabia said it would cut output by 500,000 bpd.
And due to this Surprise Output Cut, the Next Day itself Oil Prices Gapped Up and Closed Up 6.16% (+ 4.66 dollars)
Following that Prices have consolidated for 4 days giving Inside Bars, holding the Gap Zone
Today, Price is finally some some Buying Action
It appears that the Gap Up is a Breakaway Gap and now Oil Prices are ready to Break Out of the 4 day Consolidation
Looking at Moving Averages:
20 EMA has crossed above 50 EMA giving a Buy Signal
Price is consolidating right below 200 EMA and once its Breaks above it, Price is to Accelerate on the Upside
LEVELS:
Current Market Price= $ 81.40
Upside Target:
$ 92 to $ 100
Stop Loss:
below $ 79
....................................
Crude oil OR USOIL analysis . Crude oil analysis .
Symbol :Crude oil or USOIL
Time frame: 15 minutes
Analysis: There is a gap up in crude oil and from last 10 days, the price is in a consolidation.So, if the price crosses above 81,then we can expect a target up to 84 with MacD crossing above zero . If the price crosses below 79.3 then we can expect a target up to 76.3 with MACD crossing below
ZERO.so this is all about the analysis of crude oil.
USOIL CRUDE OIL possible Elliot wave countsHello Friends, here we had shared possible Elliot wave counts with our view on US OIL - CRUDE OIL, in which we are waiting for further confirmation to confirm the TREND as per Elliot wave structure, we are possibly at the ending of wave ((2)) corrections or may have started wave ((3)), let's wait to confirm by chart itself, so possibilities of wave counts have been discussed in details in this video study, one can observe it in live market as per study discussed in this video study, I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Thanks
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
usoil BuyCAPITALCOM:OIL_CRUDE
As you can see that usoil has formed Trendline and rejecting support level also breakout may happens Either side Wait for it, Take retest entry because to avoid fake breakout. plan your trade accordingly..
crudeoil is at crucial point Analysis of crude oil.
Time frame 4 hours
As per the last video published, the crude oil rallied up to the breakout point/support line, so now this is the crucial point,why ? If the price of the crude oil crosses this breakout line with high buyer volume, then we can expect a target of up to 83.5 or else at this point, if the price/value gets rejected with high seller volume, then we can expect the target up to 55.5.
#crudeoil, #commodity #mcx, #usoil
Respect the SL? Check why it is important to respect the SL?Why We need to respect Stoploss?
#tradingclasses #tradigstrategy #tradingideas #tradingcourses.
With Technical analysis , we can predict the next movement of the market 80-90% most of the time, and 10-20% of the time market reverses. we need to respect that 10-20% failure to sustain in the stock market career. Market is always superior. . If we dont respect the SL, this will lead to washout of our capital and more than that it will affect our psycology and trading journey.
with this information, Hope u traders take trade with predefined SL to find success in trading journey.
cheer us with thumsup;
thank u n Happy Trading
Crude on Weekly Support $65/$64 Zone - Make or Break LevelCrude on Weekly Support $65/$64 Zone - Make or Break Level
If sustains $ 64 can give good reversal
Will Crudeoil reverses and go Uptrend?#mcx #crudeoilWill Crudeoil reverses and go Uptrend? check #tradingstrategy #crudeoiltoday #commodity
HOPE our analysis is adding value to your site trading Journey.
If yes, Hit like button or boost our ideas. Thank you.
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
IS Crudeoil going Bearish ?Breakout in 4 Hours chart.#commodity, #crudeoil
the breakout happened from the symmetrical triangle, the price oscillates between two trend line, one is the resistance trend line and the other is the support trendline. the breakout happened on the downside. before consolidation, there is a downtrend movement of about 20 points until consolidation, so as per the symmetrical breakout, we can expect the target of about 20 points. But we can't able to expect 20 point downside. instead max we can expect the target upto 68.5
Will Crudeoil reverses and go Uptrend? check #tradingstrategy #Will Crudeoil reverses and go Uptrend? check #tradingstrategy #crudeoiltoday #commodity
HOPE our analysis is adding value to your site trading Journey.
If yes, Hit like button or boost our ideas. Thank you.
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
usoil BuyCAPITALCOM:OIL_CRUDE
USoil is at good support area and if it breaks we can go for sell side or if it breaks the trend line then we can plan for buying side, plan your trade accordingly.
usoil BuyTVC:USOIL
USOIL is in range bound and now it is rejecting at Strong support level here we can plan for buying side, plan your trade accordingly
sell crude spot blw 74.80$ sl 75.77 tgt 74.10-73$sell crude spot blw 74.80$ sl 75.77 tgt 74.10-73$ as per chart pattern
USOIL UPSIDE BIG MOVE CAN COME Usoil uoside moves comes after taken out eng liquidity and retailers liquidity as trendline in 4hr time frame one entry already done next entry will be on 5 min or 15 min chart as on taken out 1st inducement multiple entries can taken with small
1st target will be - 78.982
2nd target will be -79.8480
Oil is on last leg of bull run.With rise in battery tech, zoom revolution and climate change policies we will see sustained low oil prices.
