oil sell setupthought oil was bullish , but its invalidating every reason to justify that thought by changing structre,
so now im bearish on oil with my entry being suppply level 77.43
but will wait for more structure to review itself
US Oil
1. US Oil has greatest support at 74.99 marked by a white horizontal line.
2. Resistance at 78.05.
3. It will not break the resistance till 4th December 2023 at least.
4. For today this candle is pivotal 12-1-23 6:08 PM
5. This candle 12-4-23 5:03 PM is pivotal.
6. Price swing levels have b
Crudeoil buy on dip till 72$ not break 89 $ upside Target 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 profi
Crude Oil production Cut Impacting Prices in Coming daysWTI Crude Oil Chart Forming a Nice Uptrend On Having Good Order Block Entry target can be 79-82-85$.
US OIL - Update
US Oil flew yesterday as per my idea over 74.9 but trade cautiously because it is still trading below 200 SMA in daily chart.
It is no doubt trading above 38.2% Level of previous swing but candle of 11-29-23 12:56 PM *UTC +5:30) is going to play a pivotal role. Buy only above high of this candle
USOIL BULLISH HARMONIC PATTERN IN HOURLY TFCMP 75.21 BUYING ZONE 74.08-74.40 SL 73.71 TGTs 75.94/76/76/77.04 (Positional Hourly View)
US - Oil Live Market Analysis
Buy US Oil above 74.9. As you can see there is a new wave starting from here. 10:21 a.m. candle is crucial for the day.
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 re
Crude Oil Short Term OutlookCRUDE OIL Clearly visible triangle formation
TREND IS RANGE BOUND to NEGATIVE
Top down Annalise on BrentcrudeBlack horizontal Trandline# monthly
Red Trandline# weekly
Blue Trandline#daily
Lower range 70 & higher range is 98 now trading @ 80+ it's nearly lower range
If brent trade in 70/80 range for at least 6 month it's very good for indian stock market
buy us oil it has been oversold and trading in good range of price. expecting a good rally from current price.
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