CFD US Crude (Spot) LMAX discussion
USOIL Only for education purpose best time to take trade after CHoCH
USOIL Low Risk Buy Entry for USOIL near 67.350SL is prior low at $65 for the 3rd wave $78/85
USOIL Buy oil CMP Stoploss 68.48 Target 71.25
USOIL Buy oil cmp for the targets of 75+
USOIL our crude oil buy again for The Target of 6200 for more information 9893530813 call or message
USOIL sells 6000 target 5800
USOIL You're referring to the USOIL (West Texas Intermediate Crude Oil) futures contract!
As of my last update, the current price of USOIL is around 68.50-69.50.
Here are some key levels related to the USOIL contract:
Resistance Levels: 70.00, 72.00, 74.00
Support Levels: 66.00, 64.00, 62.00
Fibonacci Levels: 23.6% retracement of the 2020-2022 decline is around 67.40, while the 38.2% level is around 70.80
Trend Lines: The pair has been trending upwards since the March 2020 crash, with a long-term trend line around 42.00
Pivot Points: Daily pivot points: S1-67.15, R1-70.25
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USOIL 1h Read the trend changing price action pattern.
USOIL I feel that Crude Oil is making a fake breakdown. the current support of 67 is very critical for making a move downside. if you look at the monthly chart, you can see MACD almost near zero, which means a recovery from here can result in an upward move, unless recession hits us.