Buy Setup on 15-Min ChartCrude oil is currently holding above the key support near 62.26 and showing signs of reversal after a strong rejection from the lows.
📌 Entry Zone: 62.35 – 62.50
🎯 Target: 62.95
🛑 Stop Loss: 62.26
🔎 Analysis:
Price respected support and formed a bullish rejection wick, indicating buying pressure.
Bulls are quietly taking controlCrude Oil CMP 63.70
Elliott - crude oil has taken support at the ivth wave marked in grey at 58.
Fib - after taking support at the confluence at 55 it is now taking support above the higher confluence at 62. This is now indicating strength.
Oscillators - RSI at bull support is indicating tr
WTI Crude Oil Descending Triangle Pattern
WTI is forming a Descending Triangle pattern near recent support.
📊 Technicals : Flat base with lower highs compressing price action.
🔎 Key Levels: Breakdown below support 65 Leads To bearish continuation;
bounce above resistance 71 Leads To reversal setup.
⚠ Risk View: Energy fundamentals rem
Buy Opportunity in USOILAn upside opportunity is being developed. Scenario.
1. Choch has happened and price retracing towards FVG.
2. it is also taking support from trendlines.
3. If price rejects with volume in FVG zone, it may lead to good upside trade.
P.s. - It is just analysis not trading recommendation.
USOIL Bearish Reversal & Selling OpportunityUSOIL (WTI Crude Oil) – Bearish Setup Analysis
The chart shows a clear bearish structure with multiple confirmations:
Trendline Rejection & Break: Price rejected from the upper rejection line and later broke the rising trendline, confirming bearish momentum.
FVG (Fair Value Gap) Selling Zone: Pri
Crude oil view building and trading plan for next weekChart Observations
Trend Analysis:
The chart shows a series of uptrends and downtrends clearly marked with HH (Higher Highs), HL (Higher Lows), LH (Lower Highs), LL (Lower Lows).
Currently, price is in a downtrend, with a new Lower Low (LL) just printed around $64.30, breaking a strong horizontal su
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Displays a symbol's price movements over previous years to identify recurring trends.