Oil is in downward channel recent price rejected from 79.80 top of the channle expecting it test 78 and 77 if this price action follow through happens mentioned levels possible.
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I delve into the dynamic world of growing stocks, providing valuable analysis and commentary on significant levels that traders need to keep an eye on. From crucial support and resistance zones to potential breakout points, I aim to equip you with the insights you...
Analysis On 28th Feb 2024
USOIL seems like taking support of 100 Ema on Monthly and Daily TF.
If it close above 5ema at the end of this February Monthly Closing it would be good confirmation to Buy.
Probality of bottoming out strong bases build at 65 on correcion innext 4-5 week towards 75-80 levels build long position for upmove towards 95 and 115 in next 6 to 12 month .
View fails on weekly closing below 65
USOIL SWING TRADE
Usoil 1hr Order Block This Order block is vimp because its
1 hr + 4Hr Demand Zone.
At this level we can see some Liquidty pool.
Here we can take trade with 5 min CHoCH.
Follow for Daily Forex Update
Note - Only for education purpose.
US Oil is at important zone formation of Descending triangle pattern. If this sustain near Support then we can see a good upside move if break then see a huge fall. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature
Crude oil faces resistance at the 200 moving average after break down rising wedge patern, indicating a potential 1:4 target. Traders may consider this point for planning their positions, keeping the SL in mind.
looking good RR we can take this risk but make sure to cut positon above 200 EMA.
US OIL WTI : Bullish - 2 falling wedges + Head&Shoulders
Wti crude oil can rise higher because of current geopolitical tensions. OPEC countries have reduced their daily production of barrels of oil.
Technically:
The wolf of Zurich has detected 2 "Falling wedges" and an " inverse head & shoulders" .
These chartist patterns could raise the price of WTI oil around...
Usoil 1hr Order Block
At this level we can see some Liquidty Pool.
Take trade at after 8:30 PM.
in 5 Min CHoCH.
Follow For Daily Update.
Note - Only for Education Purpose
W pattern in making
already reversed from Double bottom.
rest all levels are marked on the chart.
Breakout Based:-
Buy above 92.5
SL 87.5
Tgt 108 - 118
Support Based:-
Buy near 82.8
SL 79.5
Tgt 92.5 - 108 - 118
This is for educational purpose and papertrading only. Please consult your financial Advisor before investing. We are not SEBI registered.
Happy Trading.
US Oil is at important zone formation of pole and flag pattern.If this sustain then we can see a good move. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature
TDI Sell Hook: TDI stands for "Traders Dynamic Index," which is a technical indicator used to identify trends. A "sell hook" would suggest a potential reversal from an uptrend to a downtrend. This could indicate that the market sentiment is shifting towards selling pressure.
Level 3 on H4: This likely refers to a specific level or zone identified on the H4...
