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As you can see we have two very plausible views namely a Head and Shoulders pattern and a Bullish Flag. Personally I would opt for the bearish outcome but we shouldn't rule out the bulls just yet. Once you've chosen your point of view, the targets are provided in the chart above. Good luck and follow me for more! P.S, that EMA is magical ;)
OPEC+ is likely to be more bullish. US-China Trae Talk Optimism Near Term Bullish Continuation. Global Growth Concerns, Lack of Demand longer term...Crude Oil is likely to be in Bear Market Level as described
Hi Trader, I have share Crude Oil Intraday Trade Level. Take Profit - 15 - 100++ Pips Stop Loss - 15 Pips.
After long time we are on the strong resistance zone on WTI Crude OIL. 1. Trend down ( this is reason why i want only short trade ) 2. Volume cluster ( significant volume cluster within a trend ) 3. S/R zone from the past ( support has turned into resistance ) Happy trading Dale
Sun 10.Feb.2019 Crude oil LAST= 52.60 Crude movement during the last few days showed a Bullish move, with a recent high price seen on Mon 04.Feb.2019 at 55.59. During the next few days the price is expected to go down to 51.50 The general view is expected to continue to be in consolidation between 53.65 - 51.50. On the other hand, a change in the direction...
Hey, I am back with another Technical Analysis, this time looking at something totally different, commodities! OIL has entered support zone, where it may see likely pullback, at least to 57. Buy around 51.5, stop loss below lowest low (49.5) so 49.36 for example. Take profit around 57. Risk/reward - 2.5. MACD is setting up for an pullback, RSI way oversold,...
Usoil crude wti continue selling pressure with falling three candel stick pattern i hope more 200 pips sell move
TVC:USOIL Potential Right shoulder All information is given inside the chart and shared this for educational purpose only. Good luck...
The junction indicated is a point where I want to buy. Note that the price DOESN'T have to make the red dash line drop before rallying, since it had already hit 50% retracement and 61.8% extension of BC/AB. A bounce off the pitch fork bottom support line is ideal, it could very well reverse before that.
usoil is very bullish. Broke a big trendline so I am watching for a long opportunity
Crude oil is making a descending wedge, which could have completed. However, the correction is just short to hit 50% retracement makes the long side skeptical. The price action is going to be binary near term, bullish near- mid term. Stay cautious and don't get chopped up!.
Same support analysis made in TVC:USOIL . Refer to previous idea: AB Support distance = 303 BC Support distance = 229 AB | BC Average = 266 We look forward to bring an up trend in the 41.70 FX_IDC:USDBRO price level according to August 8th, 2016 support level. Safety Trade Folks!!!