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USOIL Looking for a push lower confirmed with a break and hold below 26.30 Rationale: Lower price structure, ETH consolidation in a tight range inside previous day. Squeeze on the cards Targets 25.50 / 24.90 Break below 24.90 there is a swing potential to test right upto 23s, else we look to rotate back from there Stops: above 27.85

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First signs of pullback rally fizzling off. we have nice hold below the overnight value zone created before the RTH hours. Short view with recent high as stops. Targets @ 2480/2430

PowerTrades Updated 

USOIl - If we continue to manage to hold above 23.85 ,we have a potential opportunity to trap shorts and pullback for a long side opportunity with limited risk. setup is developing at this point, need a confirmation on Lower time frame charts. Longs can easily test 24.85 & 25.40 areas. Given the RR is good its worth

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#NIFTY breached 2017 lows and support at 7900 areas, until we get above that we are looking to test 6400 areas and below that the next major support is at 4500. the 2008 Nifty PE low was about 11.5, that 5000 spot equivalent in current valuations (just studies and LT Reference)

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Crude here are the two most important long term areas to look into. 1. Upside- 32.50-33 regions - Until we clear that areas, we are a sell on rise markets. 2. Downside 18 regions is a long term swing consolidation dating back to 2000s In case we get below that we are looking at new territory , so far the potential idea for play would be to test bounce of that...

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This wick now provides a new reference and a long opportunity for crude. Potential test of the 26.50-27 areas

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The dollar index is within breathing distance of a crucial level witnessed only twice since 2003, A break above this we are into new territory.

PowerTrades Updated 

USOIL is building value lower, we will look to explore short side opportunity until we hold below 48.20 areas. Immediate from short term TF inflection point remains at 47.30. weakness will be confirmed on hold below 46.80 areas. target- downside test of 45.80-90 regions.

PowerTrades Updated 

Crude short term inflection point is 46-46.30 areas. Hold into that we will look for a downside rotation and lows to be challenged. Hold above that we look to Go long.

PowerTrades Updated 

USOIL key hurdle / trend decider from an immediate point of view is the region of 51.50-70. 1. Holding below that downside target ranges are open ( blue dashed line ) 2. Break and hold above that looking for an upside play 3. alternate scenario- failure to break below 50.90s look for a pullback and rotation play inside yday range (50.90-51.90)

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The pullback here presents a nice low risk opportunity for shorts with stops above the spike highs. confluence of previous reference zones

PowerTrades Updated 

USOIL has broken below and then broken outside the range( black square) Holding above that zone keeps the context bullish for now. we have two key zones to watch out for 52.80 on the upside & 52.40 on the downside. 1. Hold of the 52.40s look for a long side play to break out side 52.80 for test of 53.20 and 54.10 2. Fail to hold 52.40- look to rotate back to test...

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USOIL is at a nice bearish inflection point - 51.05-50.90 zone. Hold below for a bearish view, manages to pushes above and hold for a bullish view. 1. Fail to clear 51.10 look for a downside play 50.40, 49.90 2. Manage to hold above -for a test of 51.40 and 52.30

PowerTrades Updated 

USOIl is stuck in a small range, consolidating below Friday's Value area lows, At the same time we have seen multiple bounce offs the lows over the past week. we will hold 50.50's as the reference for this level. 1. Look to short and trade pullbacks with stops above 50.50 areas. 2. Break out play above 50.50s for targets ( dashed green) In the time being this...

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Overnight we have failed to sustain the highs in USOIl. and again back to within a larger multi day value zone. No strong bias on either side for today we will hold the 51.50-30 areas as a key trend decider for the day 1. Bullish on hold above 51.50 for targets ( marked in dashed green ) 2. Bearish on hold below for targets ( marked in dashed red ) On a larger TF...

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Guys Back after a decent break, I was active on & Off hence was not posting much around crude. Here is the trade plan for today: Yday made a lower low at at 49.30 but managed to pullback overnight and a strong bull candle in asia session. Trading inside yday VPOC we have a strong chance to hold through with 50.20 areas as a trend decider. 1. Long on hold above...

PowerTrades Updated 

USOIL- The key trend decider level is at 57.60-45 areas. 1. Primary thesis is looking for it to break through to for a swing test of 56.95 regions. 2. Hold of this zone , for a retest back to 58 areas and higher

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Bit of a short term swing play here. USOIL is at a nice inflection area. 57.45 is the Line in sand. 1. We manage to get above it and hold we have a shot at 58.80s ( 57.90, 58.30 being intermediate destinations ) 2. we fail to clear that , we look to trade the rotation back to 56.90s