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Usoilsignals

WTI OIL Buy SignalPattern: 1D Channel Up. Signal: Bullish as group of parameters is fulfilled: 1. Reached the Higher Low of the pattern, 2. Made contact with the 1D MA50, 3. Hit the 1.3 Fibonacci retracement level after the Iran attacks, 4. The RSI is on a 3 month support level. Target: 64.00 (Higher High trend line of the pattern) and in extension (depending on the geopolitics at the time) 66.00 (just below the 1W Resistance). See how accurate this pattern with Supports and symmetrical Resistance levels has been in the past:
FX:USOILLong
by TradingShot
CRUDEOIL(WTI USOIL) ShortOil has hit a resistance at 63.77 but there's no certainity that we have a trend reversal just yet but i do believe we have very good shorting opportunities as i am short biased hence i won't be recommending any buy for now. You can short and TP at any point identified on the chart. My labelled zones are only a rough idea of where i think the market may touch. Decide on your own Entry & Exit. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
FX:USOILShort
by Quinkong
USOIL (WTI) Previous Resistance turning Support?We all know WTI oil is bullish. It has been so since the violent bottom last December. The question is where it is better to buy? Two scenarios: 1. The former Higher High Resistance (red line) has become a Support and the 1D Channel Up breaks aggressively upwards. So far it has provided support twice. 2. The 1D Channel Up pulls back and makes a Higher Low near the inner Higher Low Support (green line). In both cases my TP is 65.00.
TVC:USOILLong
by TradingShot