#USOIL update for 1st Jan! Seems like bearish
The bearish outlook may be influenced by various factors such as geopolitical events, supply-demand dynamics, or economic indicators.
It's essential to monitor price action and market conditions closely for potential trading opportunities or risk management strategies.
Unless prices of US Oil go above and sustain above 73.475, it will remain in down trend.
What Next
1. 70.95 is a strong support for the commodity.
2. If that is broken in the next working day, 70 is a very strong support. Here from the last swing started. Remember this is the level from where evening session shot up in the past.
3. 66.99 is the 23.6%...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
#USOIL 🔸#CrudeOil
🔸Timeframe: 15 min
In the oil market, a bullish scenario is anticipated if prices surpass the critical level of $72.43. This could signal a potential upward trend, prompting traders to consider long positions. Conversely, if prices fall below the key support level of $71.64, a bearish outlook may emerge. This level is crucial, as breaching it...
The yearly candle as I explained to you is stuck up for oil and there can not be any big movement upwards. Today is Thursday and tomorrow is Friday and there is weekend and there comes a new candle for the year.
For the next two days, either candles will be stuck here only or a strong movement on either side of the two green lines and a trend will be visible...
Based on 4h crude charting, the price is in a bearish structure and now the price has retraced back to an OB and is now taking rejection, switching down to a lower time frame we have an OB with FVG in 15min and we can look for sell-side continuation if the price comes back to our OB in 15min.
crude is in buying momentum from yesterday and now as we can see it is taking rejection from the level of 75.00 and now making a range so if the range breaks then the buying level is 75.50 and remember their is a resistance at 76.00 so it's like a scalp trade. plan the trade accordingly with proper risk reward.
Read the notes mentioned on the chart. Have patience to buy at the low and sell at the top in this situation as per Wycoff.
Time candles for today are
12-27-23 5:52 AM
12-27-23 10:18 AM
12-27-23 2:44 PM
Last candle being pivotal.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial...
Please read the notes as mentioned on the chart. Explanation is bit long but every detail has to be mentioned is important. Don't hurry for at least next 3 days and save your money for all the goods times to come.
Conclusion: 73. 88 is the time resistance and 74.69 is the price resistance. Pivotal candle for 26/11/2023 for the commodity is 12-26-23 9:00 PM,...
This is a crucial price level for natural oil 74.44937069. Buy above it and sell below without hesitation and next level is 78.82607313 SL being 70.19766825.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your...
Next two candles have been mentioned on the chart. Please do not buy any option today because there are three holidays and it results in waiver of premium.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your...
Crude is in consolidating phase so as per the 30 min TF if crude is giving breakout and trade above 74.35 on 30 min candle we can plan BUY till 75.00.
And if it goes down we have to wait for the 30 min candle close below 73.50 and we can get Target upto 72.80.
We can get Trade around 13:30 (IST) Or 15:30 (IST)
NOTE- The TF should be 30 min.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Please read the notes on the chart and act accordingly.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Next three candles for NG and US Oil have been marked on the chart. Please mark high and low of these candles and act accordingly.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only...
I am giving you only one candle today i.e. 12-19-23 11:40 AM (Your computer should be set to UTC + 5:30). This is the pivot candle, Buy above high of this candle else sell or wait for it to be broken upwards at any time then only buy.
There are some notes mentioned on the chart please read them carefully.
Disclaimer: I am not a Registered Analyst with any...
Some one out of our group asked for reversal of US Oil. Presented is the 12M Chart of this commodity. You may observe that it is stuck up in white scissors. it is therefore only the next 12M candle which will take out the prices from this scissors. I am fully bullish on the commodity above price of 73.635 and next target will be 91.01 but at which time this can...
Mentioned are the time and price levels of the chart. If any resistance is broken - Buy else sell.
Tomorrow is the first day of new week, so have patience till 9:04 a.m. candle and things will automatically get cleared.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before...
