Crude oil hourly , buying opprtunityRetest of previous trendline.
wait for reversal confirmation in hourly timeframe.
XTIUSD_LMAX trade ideas
💡WTI . Weekly Technical Analysis UpdateMidterm forecast:
51.60 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 51.60 on 02/01/2021, so more gains to resistance(s) 63.10, 66.50, 72.55 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 79.
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USOIL parallel channel resistance breakout at 1 hour time frameUSOIL parallel channel resistance breakout at 1 hour time frame
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Crude oil intraday, supply & demand levelsTrade with reversal confirmation in 15min and 5min timeframes.
WTI crude triangle flag As shown in chart its formed triangle flag pattern.
Possible targets:
1) 55.25 $
2) 55.60 $
USOIL - Parallel channel resistance breakout at 4 hours TFUSOIL - Parallel channel resistance breakout at 4 hours time frame
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
USOIL - Expect Trend line breakPrice moving inside a small box after the big up movement, in other words price is getting ready for a big movement when it breaks the box.
Price now reached the bottom of the box and one can expect the price to break the trend line and reach the top of the box.
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No Buy or Sell calls strictly :)
USOIL - Parallel channel formation at 2 hours time frameUSOIL - Parallel channel formation at 2 hours time frame
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
USOIL - Parallel channel pattern formationUSOIL - Parallel channel pattern formation
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
USOIL - Parallel channel pattern formation at 4 hours chartUSOIL - Parallel channel pattern formation at 4 hours chart
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
crude intraday pattern rising wedge currenlty it is in a down trend and micro double top
rising wedge 20%percentage to break up and 80% will favour the bears.......
do ur own analysis before trading
USOIL - Parallel channel pattern formation at 2 hours time frameUSOIL - Parallel channel pattern formation at 2 hours time frame
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Usoil - Longest view !!! :) Price gently rejecting from the trend line for a long period of time and now the price will reach the trend line to make or break !!!
Traders can have a better look when it reaches the trend line, as if now you know what to do positionally !!!
Crude oil Long term trendCrude oil will rise till the line then fall again.
But if it breaks out above it, it will rise heavily.
But chances of upward breakout are less.
Already inflation crisis is hanging sword on global economy. Such rise in crude oil prices will make things worse.
Let's see how the "price action" happens.
