Crude Oil Elliott Wave IdeaPossible 5th wave up coming in crude oil as price bounced from the .382 level.
Crudeoilwti
USOIL shortEnter 57,21
SL 57,51
TP 55,21
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Continues to be bullish. Long for the go.Trend is bullish. Never go against trend unless other factors such as news, events occur. I would go long since we have checked the bottom of the trend line.
US OIL - Weekly chart - Bigger timeframes calling for big upsideCrude Oil - Weekly chart - I see crude trading in a bullish structure respecting weekly and monthly demand zones and looks like it can pull back upto 70s to test a fresh weekly supply zone. Lets see how this plays out!
USOIL, can bounce from Support/Resistance Zone!The price is close to the Support/Resistance Zone.
We will have a good Buy entry after the false breakout of that zone.
Potential profit will be in 3...5 times bigger than risk.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
Crude Oil Intraday Trade Setup. 18/10/19Hi Trader,
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
I need your support for my effort. .
To Support - Like, Follow and Comment
Thanks for your Support :)
For Tomorrow Intraday View and Targets i want 20+ Likes.
Trader can share your Ideas, feedback and suggestion in Comments Box.
Targets:-
For Long:-
54.40
54.59
55.08
55.57
For Short:-
53.43
53.24
52.76
52.28
Crude Oil Intraday Trade Setup. 16/10/19Hi Trader,
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
I need your support for my effort. .
To Support - Like, Follow and Comment
Thanks for your Support :)
For Tomorrow Intraday View and Targets i want 20+ Likes.
Trader can share your Ideas, feedback and suggestion in Comments Box.
Targets:-
For Long:-
53.47
53.66
54.15
54.63
For Short:-
52.51
52.32
51.85
51.37
Crude Oil Intraday Trade Setup. 17/10/19Hi Trader,
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
I need your support for my effort. .
To Support - Like, Follow and Comment
Thanks for your Support :)
For Tomorrow Intraday View and Targets i want 20+ Likes.
Trader can share your Ideas, feedback and suggestion in Comments Box.
Targets:-
For Long:-
53.41
53.60
54.08
54.57
For Short:-
52.45
52.26
51.78
51.31
Crude Oil Range Trading Zone.Hi Trader,
Last 2 Days Crude Oil Trading in Chart Mention Zone Only.
Once the Zone is Broken We will see further movement...
Crude Oil Intraday Trade Setup. 10/10/19Hi Trader,
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
I need your support for my effort. .
To Support - Like, Follow and Comment
Thanks for your Support :)
For Tomorrow Intraday View and Targets i want 20+ Likes.
Trader can share your Ideas, feedback and suggestion in Comments Box.
Targets:-
For Long:-
52.74
53.22
53.70
53.90
For Short:-
51.98
51.89
51.70
51.60
Crude Oil Intraday Trade Setup. 09/10/19Hi Trader,
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
I need your support for my effort. .
To Support - Like, Follow and Comment
Thanks for your Support :)
For Tomorrow Intraday View and Targets i want 20+ Likes.
Trader can share your Ideas, feedback and suggestion in Comments Box.
Targets:-
For Long:-
52.97
53.17
53.65
54.13
For Short:-
52.40
52.30
52.11
52.02
Crude Oil Intraday Trade Setup. 04/10/19Hi Trader,
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
I need your support for my effort. .
To Support - Like, Follow and Comment
Thanks for your Support :)
For Tomorrow Intraday View and Targets i want 20+ Likes.
Trader can share your Ideas, feedback and suggestion in Comments Box.
Targets:-
For Long:-
53.44
53.92
54.40
54.60
For Short:-
52.67
52.57
52.38
52.29
USOIL - Breakout and Retest Oil has been in a descending channel for a little while. It looks like price broke out of the channel and now making support at lower 52's. Could this be a breakout and retest for a potential upside move?
Potential entry along the 52's for at support if we have confirmation of an uptrend. Looking to target 54's price zone.
Crude Oil Intraday Trade Setup. 04/10/19Hi Trader,
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
I need your support for my effort. .
To Support - Like, Follow and Comment
Thanks for your Support :)
For Tomorrow Intraday View and Targets i want 20+ Likes.
Trader can share your Ideas, feedback and suggestion in Comments Box.
Targets:-
For Long:-
53.22
53.70
54.19
54.38
For Short:-
52.45
52.36
52.17
52.07
Crude Oil Intraday Trade Setup. 03/10/19Hi Trader,
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
I need your support for my effort. .
To Support - Like, Follow and Comment
Thanks for your Support :)
For Tomorrow Intraday View and Targets i want 20+ Likes.
Trader can share your Ideas, feedback and suggestion in Comments Box.
Targets:-
For Long:-
53.15
53.34
53.82
54.31
For Short:-
52.29
52.19
52.00
51.53
Crude Oil Intraday Trade Setup. 01/10/19Hi Trader,
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
I need your support for my effort. .
To Support - Like, Follow and Comment
Thanks for your Support :)
For Tomorrow Intraday View and Targets i want 20+ Likes.
Trader can share your Ideas, feedback and suggestion in Comments Box.
Targets:-
For Long:-
54.79
54.89
55.09
55.58
For Short:-
54.02
53.92
53.73
53.25
Crude Oil Intraday Trade Setup. 30/09/19Hi Trader,
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
I need your support for my effort. .
To Support - Like, Follow and Comment
Thanks for your Support :)
For Tomorrow Intraday View and Targets i want 20+ Likes.
Trader can share your Ideas, feedback and suggestion in Comments Box.
Targets:-
For Long:-
56.48
56.58
56.78
57.28
For Short:-
55.59
55.40
54.91
54.42
Crude Oil Intraday Trade Setup. 27/09/19Hi Trader,
I have share Crude Oil Intraday Trade Level.
Take Profit - 15 - 100++ Pips
Stop Loss - As per your risk profile.
I need your support for my effort. .
To Support - Like, Follow and Comment
Thanks for your Support :)
For Tomorrow Intraday View and Targets i want 20+ Likes.
Trader can share your Ideas, feedback and suggestion in Comments Box.
Targets:-
For Long:-
56.71
56.81
57.00
57.50
For Short:-
55.92
55.82
55.62
55.13
Oil prices have spiked more than 10%|Next rally can hit $75.24On 13 Sep 19, Market closed on $54.87 but Oil prices have spiked after a destructive attack on the Saudi Arabian oil production on weekend shocked markets and produced shortage in global supply of crude for some time.
Now we can see the price spiked more than 10% in a day after market opens and hits the 50SMA even the 100SMA on week chart.
At this point we also have the price resistance level and the pennant's resistance at $60.63 which is not broken since May 2019, if this resistance level would be broken then the price action will take no time to reach the 2nd resistance at $75.24 where we also have tail of the pennant and in case of breaking out $75.24 resistance level the price action can hit the strong resistance at $107.45.
If we see the technical indicators then can be clearly observed that the all of a sudden the chop zone is turned strong bullish and even MACD has given strong bullish signals including bull cross.
For me after breakout the 1st resistance and if all indicators would be remained bullish even after price correction would be ideal for buying.
Market fundamentals + technical analysis are very strong in favor of bullish move.
Next target should be : $75.24.
Regards,
Atif Akbar (moon333)
Just see and decide Hi Guys
Last night I warned "DO NOT HURRY YO BUY" because the channel 54-56 and the black trend line
Less than 24 hours you see Why I told you that.
Any way I suggest you if you bought, please set your SL at your entry point or at 53$
My reasons:
1- The Price could test the last down trend line (Yellow). The uptrending channel (Blue) is not sure yet.
2- The Price hit 53$ at 26-8-19 and 3-9-19 and could test again.
3- If The price hits 53$ and makes new trend line (Dotted) we could test the dotted line at many resistance points (1-1 , 2-2). After that we could have a more reliable channel as you see at the graph.
4- We did sell at last two days with respect lines A and B so we consider them also.
So we have a star that all lines intersect each other at that.
Guys! Take care about buying and your SL
Have good trade
