OIL-SELL
BUY or SELL?📉 / USOIL⛽️ Oil has been going through a bullish channel since November 2020, and today it has reached its maximum since November.
We are going to enter sales now and we are going to wait for the price to fall to 61.79 which is expected, we will close sales and open purchases waiting for the next target: 68.51. It does not look like the price is going to fall again as it has already fallen.
Good luck investors!
BRENT OIL Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on WEEKLY: BRENT OIL is sitting around strong supply in blue so we will be looking for sell setups on lower timeframes.
on H1: BRENT formed an objective trendline in red so we are waiting for a new swing to form around it to consider it our new trigger swing.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
Oil Sell IdeaD1 - Price is moving inside a range and it still has room lower towards the bottom of the range.
H4 - We have a great sell zone formed by the two daily resistance levels and the 61.8% fibonacci expansion level of the cycle we have.
Currently the price has reached this sell zone, we may now look for possible sells with bearish evidences (candle stick patterns, false breaks, trend line breakout, etc... favoring the bearish view) towards the bottom of the daily range.