Crude sold at 6310 booked at 6250 , make double bottom and fly Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
WTICOUSD trade ideas
Crude we are holding buy from 73 book profit Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Oil Support and Resistance levelsOil forming and inverse head shoulder pattern only valid if this trendline support helds on 76.50 area. if it takes support and continues with pattern oil might see 80 and 82 even 84 with head length again, keep on eye on current levels for breakdown or rejection to upside.
On lowerside if voilates trendline support 76 to 73 can be see below.
USOIL(h4) : Buy nowHello Traders,
📈 USOIL chart review :
- H4 candle has got a higher high swing -> trend
🎯In my trading opinion:
- Price will rise to retest zupply zone 78.00, so you can buy here with target R:R =1:1.5
📚 Remember that: Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
USOIL - Small Buy Trade SignalM-Pattern formation is halfway completed. The Price now moving toward the neckline for retesting and continue its down trend.
We can take a small buy trade here.
Take exit near the ear of neckline and wait for the trend confirmation.
It is likely that the neckline will be broken and USOIL might start a wild bullish trend due to inflation data releasing today.
DO your own analysis before taking a trade.
BEST OF LUCK !!!
Crude Oil Heading Towards 82 DollarU.S. crude oil topped rallied Monday to top $80 per barrel as the Pentagon dispatched more forces to the Middle East in anticipation of an Iranian attack on Israel.
U.S. crude oil is trading higher even as OPEC lowered its global demand growth forecast by 135,000 barrels per day, citing softening consumption in China.
"The oil markets reacted strongly to the increased geopolitical risk even as OPEC has shown some concern about its demand growth," said Phil Flynn, senior market analyst at the Price Futures Group, though he said the market is still on track for a deficit as inventories fall.
U.S. crude oil finished last week more than 4% higher, snapping a 4-week decline, as the stock market recovered most of its losses from a flash sell-off caused by mounting fear of a recession and after the Bank of Japan lifted interest rates a fraction.
100-SMA challenges Crude Oil buyers at three-week highWTI crude oil has ended its four-day rise as prices fall from their highest level since July 19, due to a slow start on Tuesday morning in Asia. The oil price has moved back from the 100-day simple moving average (SMA). Still, closing above the 200-day SMA, positive MACD signals, and a strong RSI suggest buyers might push prices past the $80.15 mark. If they succeed, the next resistance levels are around $81.40 and $82.50, which will be key for sellers to defend.
If oil prices drop below the 200-day SMA support at $77.90, sellers might take control. If prices stay weak and fall below $77.90, they could move towards June and August lows of $72.40 and $71.70. If prices go below $71.70, they could reach the late 2023 low of $67.70.
Overall, buyers are likely to stay in control, but the potential for price increases seems limited.
US OIL APPROACHING FOR TRIPLE TOP US OIL APPROACHING FOR TRIPLE TOP
Features and Highlights :
US Oil is closed at 77.00 which is near to the earlier top, which is a strong resistance.
The price was retracted on 2 occasions at 77.05 and now approaching for Triple Top formation.
If the Top is breaches, further rally is expected in short term.
The trend line also formed a ascending triangle pattern. If not the Top is breached, the price will be oscillating in this triangle and take break on upward or downward direction of the trend.
Interesting to see the developments in the coming days.
US OIL APPROACHING FOR TRIPLE TOP US OIL APPROACHING FOR TRIPLE TOP
Features and Highlights :
US Oil is closed at 77.00 which is near to the earlier top, which is a strong resistance.
The price was retracted on 2 occasions at 77.05 and now approaching for Triple Top formation.
If the Top is breaches, further rally is expected in short term.
The trend line also formed a ascending triangle pattern. If not the Top is breached, the price will be oscillating in this triangle and take break on upward or downward direction of the trend.
Interesting to see the developments in the coming days.
USOIL (H1): 2 Bottom completed, waiting buy when retestHello Traders,
📈 USOIL chart review :
- D1 candle has got a strong reversal
- H1 has got 2 bottom
🎯In my trading opinion:
- Price will retest the neck line , you can buy here
📚 Remember that: Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
USOILUSOIL experienced a significant drop last week, reaching the bottom of the daily demand at the 72.995 region, where price has since rejected. A retracement into the 4H supply is expected next week. Anticipate a price drop once the supply zone is tapped, either the first or second. Have in mind the analysis on USDCAD, we are anticipating buys so this confirms our bias on Oil as well. But again let's just wait and see what price will do.
CRUDE buy given near 76.70 enjoy huge profit Target on chartDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit