Oilcrude
Best trade of the day oil crudemy view about cl
today before the start of the London session oil has given a good boost
WTI (Crude Oil) H1 #OutLook 22 September #OutLook 22 September
Dear Traders Today We Have an Analysis Of WTI (Crude Oil) H1. This Analysis Based On Price Action Theory.
According to The Analysis, We Can See That the Market On Bullish Pattern As well As Market Make Formation of the Ascending triangle pattern this indication of the market will move to continue buying. So behalf on that, we have 2 targets (#Resistance @41.35 and @43.77) level of buying for our buy traders.
In this case, the market gives a correction after the trend line breaks out. We have 2 targets (#Support @38.71 and @37.13) for sellers.
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Important - Please Take Only 2% Risk On Every Given Analysis That Means You Can Safe In Market Every Time
All The Best 🙏🏻
Thanks & Regard
Enclavefx Technical Team
The plan of the day I have selected the entries based on fibonacci of 1 quarter period, but however pay attention to the down trend if you decided to buy.
Updated scenarioSymmetrical triangle is forming, better to secure any opened trades and wait the price to break the pattern, up or down. Also use fibonacci for confirmation.
USOILLONG idea on USOIL,, Waiting for a break + retest.
RRR 1:4
Let the price develops for this setup.
OIL Bearish Short SellIf price breaks the blue trend line we wait for it to close below 39.00, then we take a sell with 37.48 as first TP and 34.59 final TP.
USOIL Long (Idea)Usoil Make Wolfe Wave and its Going to Wave 5
you Can See AB=CD
you See Bullish Chanel
the prive it will Visit 40.20
OIL CRUDE Analysis H4Recommendation short from lv 33 with target 23,
if breakout lv 33, oil will rally to 41 and drop from 41.
Peaks on OilPrevious resistance points can be observed at $31, $33, and $35 from mid-April.
We could see this rise in Oil price reach one of these peaks, before heading back down as Oil storage reaches a maximum and a second wave of Coronavirus cases occur.
This drop is likely to happen over the coming week, so a good opportunity for a Short on Oil, potentially reaching $20 or even $10.
We may have already hit a peak on Oil for the timebeing, on the other hand, we may hit a peak at one of the mentioned resistance heights in the near future.
Displayed are potential pathways for Oil to head.
Possible peak on OilWe may be currently experiencing a peak before a plunge in Oil.
As world Oil storage reaches near-maximum capacity and a threat of a second wave of Coronavirus cases due to the early easing of lockdowns, the price of Oil may fall drastically to ease these factors.
The price of Oil may fall to lows of $20, or even $10, which are previous Support points.
If the drop occurs, good gains can be made by shorting soon.
