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...
The chart is very clear about its reversal point
Analysis with the harmonic pattern gives 70 ~ 80 % accuracy
The unexpected behaviour can occur during unexpected events or news
Note: Information given here for educational purpose
Fundamental Development: Oil prices little changed on Thursday as investors grappled with falling stockpiles in the United States, rising output from Russia and worries about a potential global recession. Brent crude futures climbed 15 cents, or 0.2%, to $93.80 a barrel. U.S. crude futures gained 4 cents, or 0.1%, to $88.15 a barrel. Prices rose more than 1%...
US OIL CMP 87.45$
Looking at the structure,
it seems crude is ready to complete it corrective phase
Also here A=C in terms of pips
But yet to touch channel bottom...
if we start a new journey
Crude can gradually move towards 125+$
above 95$ , recent low as sl .. and I would be only buying dips
Chart is for study purpose only!!
Vedang :)
Fundamental Development: Oil prices rose over $1 on Wednesday, rebounding from six-month lows hit the previous day, as an unexpectedly large drop in U.S. oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global recession. Brent crude futures were last up 82 cents, or 0.9%, to $93.16 a barrel. West Texas...
