Hello,Traders! CRUDE OIL is etching closer and closer to the weekly resistance While trading in a steep rising channel I think that once oil hits the resistance We will see a pullback And IF the rising channel breaks to the downside We will see a full fledged correction Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
The World is on fire! Looking from 1960's, Crude oil is moving in a clear channel. the target seems to be over 300$ ! So fill up your barrels !!! NOTICE: It is not a trade advice. This is an overview using simple price. #OIL #CRUDE_OIL #WTI #BRENT 2021 JULY 03 Today price: 75.1$
CRUDE levels ...05/07/2021 (1hr candle)
If the upper trend line brake by a good volume the price action can be raised up so far. If it does not happen the upper trend line can act as a resistance and can lead to a price decrement of the crud oil! One week candles used for the analse! Cheers!! DYOR
Pair Name : USOIL Time Frame : 1 Day Scale Type : Large Scale Analysis Way : Volume + Classic + High & low + Market Map Direction : Natural - Lead To Long Educational / Long —————**- Just browsing through my analysis means a lot to me. Update - ———— VIP Opportunity Take Profit 1 + 2 + 3 + 4 + 5 Account Growth = 12.5 % Pip' Achieved = 750...
On the 1 hr TF we see that MACD crossover, possible HS, bearish volume continues to build RSI continues to get LL Pressure on top BBand Confirmation of downward trend if responsibly passes 74.6 S1 Target1 73.74, Target 2 VWAP 73.5, Target 3 Bottom BBand at ~72 Short term trading, no long term holds. Note: yday OPEC meeting still inconclusive - can...
The price line broke the resistance line and returned to the retest line R/R: 1:1, 1:2
Thursday, 1 July 2021 19:03 PM (WIB) Enclosed purchase order on Crude Oil with enough for one month kitchen needs. Best regards, RyodaBrainless "Live to Ride and Ride to Live"
As OIL continues to rise we broke out of the trend above 64.5 and are now in the 65 range (pre-trade) look for a continuation to 75 in the near term
USOIL after the big crash started a strong bullish uptrend and reached the 2018/19 highs. The price on the weekly chart is moving inside an ascending channel and now testing a strong resistance area from where we can expect some retracement. According to Plancton's strategy if the price will break and retest the structure we will set a nice long order. --–– Follow...
Hello Traders! Check related ideas for market context! --> this is why knowing patterns are a powerful tool!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
From the current level, we expect the USO to fall all the way down to prices around $40.56. Once in this region, the next bullish run should bring us close to $60. However, with the bullish price development of the oil market, there is a 45% chance of an early bullish breakout. Follow us for daily analyzes!
On 16th June 2021 we said that we might see small and shortlived correction towards 68 USD per barrel. However, USOIL stopped its decline at 69.80 USD on 17th June 2021. Then it reversed back up and made a new peak. Our medium term price target remains at 75 USD per barrel. MACD, Stochastics and DMI are all bullish. Although, RSI remains in overbought zone. In...