lewglasgow

Crude Oil - Market Direction

TVC:USOIL   WTI CRUDE OIL
Very similar to my analysis last month which was also on the daily chart , USOIL             has tanked this week since hitting a level of resistance at 51.50... I'll be looking for opportunities on the lower timeframes very shortly to confirm a move higher or lower.

Let's see how the market shapes up over the next week, check out my previous analysis on USOIL             in the related ideas section.
FREE forex trading video series for beginners: https://www.sixfigurecapital.com/video-series

Lewis Glasgow, Creator of Six Figure Capital.
The blatant rejection at $51.63 suggests to me we are gonna go deeper. I am predicting ~$40 will be tested within the next 14 days.
+1 Reply
veryevilone PRO veryevilone
a month ago
snapshot
+1 Reply
veryevilone PRO veryevilone
a month ago
Maybe not $40 will be tested, but $43 at least. :) Have a nice day.
+1 Reply
lewglasgow PRO veryevilone
a month ago
We'll soon find out :) you too, thanks for commenting.
+1 Reply
NihalCassim veryevilone
a month ago
I agree, rising channel seems weak. Its in a flat range.
Reply
lewglasgow PRO veryevilone
a month ago
Exactly my thoughts, I've been watching this structure for a long time.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out