Rupesh
Long

BUY OIL WITH STRICT STOP LOSS 36.00

FX:USOIL   Crude Oil (WTI)
138 0 4
a year ago
Outlook>>>>>>>> Bump and run reversal pattern found at daily chart .
Oil             declined sharply below 37.35 and any trading below this level is negative factor.

A breakout below 36.00 will extend the bearishness towards 34.85 as far as 36.05 hold
On the downside, 36.05 is targeted and clearing this level is required to take oil             towards 35.75 and 35.00.

Anyway, we remain bullish as far as 36.05 remain intact and preferably below 38.60.

Daily candle intensity theory says potential of reversal is very strong.

Support:37.35 – 36.60 – 36.05

Resistance: 37.75 – 38.60 – 39.25

Direction: Bullish .
a year ago
Trade closed: stop reached
a year ago
Comment: CRUDE OIL OVER SUPPLY CONCERN IS VERY HIGH SO UNABLE TO SUSTAIN IN ANY SUPPORT LEVEL UNTIL YET NOT REACHED THERE 2009 SWING LOW. STOP LOSS HIT EXIT FROM BUY
a year ago
Comment: Consecutive bearish signs appear on Oil chart despite the oversold signal, but trading within the bearish channel and below moving averages support trading below 113% Fibonacci.

Technical targets are now at 34.20- Fibonacci of 127%- as trading below 113% is negative. Only a break below 37.75 will weaken the bearish scenario, but trading below 36.05 makes it a good ceiling.

Support:35.10 – 34.80 – 34.20

Resistance: 36.05 – 36.60 – 37.35

Direction: Bearish
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