Crude Oil USOIL Analysis
Updated
Hello Guy's this is My OverView For USOIL, Feel Free To Check It And Write Your Feedback In Comments
Analysis of Crude Oil (USOIL) Here are the key observations:
Price Levels:
Current price is around $73.76.
Sell signal at $73.76.
Buy signal at $73.82.
Trend Indicators:
A recent upward trend is observed, indicated by a rising channel formation outlined with blue lines.
However, the price has now reached an upper resistance level and appears to be reversing.
Supertrend Indicator:
The Supertrend indicator shows a value of 74.90, suggesting bearish sentiment when the price is below this level.
Support and Resistance Zones:
The chart indicates potential take-profit (TP) levels for short positions at $73.40 (Tp1) and $72.80 (Tp2).
A broader support zone around $68.94 is highlighted in red, indicating significant support if prices drop further.
Technical Outlook:
in our setup s traders might be looking for short opportunities given the recent rejection from resistance.
A target range for profit-taking on shorts between Tp1 ($73.40) and Tp2 ($72).80).
Note: This analysis for educational purposes and not trading advice. Consider market conditions and strategies.
Analysis of Crude Oil (USOIL) Here are the key observations:
Price Levels:
Current price is around $73.76.
Sell signal at $73.76.
Buy signal at $73.82.
Trend Indicators:
A recent upward trend is observed, indicated by a rising channel formation outlined with blue lines.
However, the price has now reached an upper resistance level and appears to be reversing.
Supertrend Indicator:
The Supertrend indicator shows a value of 74.90, suggesting bearish sentiment when the price is below this level.
Support and Resistance Zones:
The chart indicates potential take-profit (TP) levels for short positions at $73.40 (Tp1) and $72.80 (Tp2).
A broader support zone around $68.94 is highlighted in red, indicating significant support if prices drop further.
Technical Outlook:
in our setup s traders might be looking for short opportunities given the recent rejection from resistance.
A target range for profit-taking on shorts between Tp1 ($73.40) and Tp2 ($72).80).
Note: This analysis for educational purposes and not trading advice. Consider market conditions and strategies.
Trade active
Trade closed: stop reached
Join My Free Telegram Channel
t.me/+zfoaA591M6EzYzM8
My FREE Channel
t.me/+ikV4aEXVmMBkZWM0
I Will be Happy To Help You
t.me/+zfoaA591M6EzYzM8
My FREE Channel
t.me/+ikV4aEXVmMBkZWM0
I Will be Happy To Help You
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.