Get started
UmarAbdurRehman

US OIL (Crude) Weekly level and Trend Breakout setup

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
UmarAbdurRehman Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators Crude Oil WTI usoilshort Crude Oil usoilforecast USD GBP usoilanalysis
12
5
trendanalysis chartpattern indicator usoil usoilshort crudeoil usoilforecast usd gbp usoilanalysis
Crude tested its weekly resistance at 76.88 which is a significant level, market dropped quite sharply and broke out the multi sessions bullish trend. There is strong momentum in this market right now and I am expecting the market to test the 71.96 support level.

Wait for a pullback to around 38% fib level before a fresh sell off starts.

Trade Safe!
Trade closed: target reached:
snapshot
Target hit ✅

Related Ideas

UmarAbdurRehman
EURUSD double bottom formation (low risk high reward setup)
UmarAbdurRehman
GBPUSD Trend breakout - Possible Short trade
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.