Deleted the last one because i realised the cypher wasn't accurate at all, overall oil looks bullish and continuation / reconfirmation of a long term uptrend is being established.
Crude oil has made a strong run to the upside through a lot of resistance levels and target zones and the commodity still has room to the upside. The first level that was broken that we were targetting was at $59.90 and just above that the top of the channel at $61.00. The $61.00 target was barely hit on the day before price reversed slightly lower. The support...
CrudeOil - I see monthly charts calling for a big upside on crude and this fits well with the timing of the Saudi Aramco IPO recently. $100 targets next year
Crude oil manages to come back to a key support level and rotates well. The $57.90-58.05 area held really well and the long extended wicks on the candles suggest a strong buy sentiment is protecting the upside. The buyers are coming in on strong volume and we expect price to move back to the resistance level at $58.50 first and then through the $59.00 level. The...
Crude oil is still holding upside bull structure and it didn't even have to pull down into the $56.75 where the impulse started, the bottom of the channel at $57.35 held really well for the bulls to continue and the $57.85 held multiple times for the upside on rotations and wicks which indicates more upside. The only part that may break up the upside trend is...
The crude oil market was kind to us on the downside after we broke through support level time and time again. We were originally looking for shorts to continue however the upside opened up on Wednesday and didn't stop. The fact that we broke above a key resistance structure at $58.10 suggests the longs are out to play and there could be move upside if they hold...
Crude OIl - Daily - After recent distribution I can see price coming near a daily demand zone around 54.50.. I was long oil this week and got stopped out but mid term bias remains the same.. Oil is trading in a bullish structure so im anticipating a dip into the demand zone around 54.50 with stops below 53.70 and target 60-61...
Short WTI-57.50$ stoploss-58.30$ target1 price- 56.75$ target2- 55.80$
Crude oil - H4 chart showing buyers in control with price continue to make higher highs and higher lows while leaving behind fresh demand zones.. Buy limit set at 57 with stops below 56.20 and take profits 60-61... Enjoy
Crude Oil - Weekly chart - I see crude trading in a bullish structure respecting weekly and monthly demand zones and looks like it can pull back upto 70s to test a fresh weekly supply zone. Lets see how this plays out!
On 13 Sep 19, Market closed on $54.87 but Oil prices have spiked after a destructive attack on the Saudi Arabian oil production on weekend shocked markets and produced shortage in global supply of crude for some time. Now we can see the price spiked more than 10% in a day after market opens and hits the 50SMA even the 100SMA on week chart. At this point we also...
as you can see crud oil chart tries to break very important level 55.44 I wait for breaking out and pull back after that I am looking for bullish candles or patterns.
now i get confirmation that crude oil gonna go higher check out bank levels and join us enjoy profit
We are currently trading the 4th leg of possible bat that is forming on the 4 hr chart. We are predicting the harmonic bat pattern will be completed and a recent break of the yellow trend line has given the pattern and our strategy confirmation. Our strategy for USOIL depends on price action not breaking the bottom red support zone. TVC:USOIL
Expecting market to eventually reach 137 after playing around near C region in pattern. Outlook may take a few years to playout so stay tuned.
Crude oil has found strong support at the yellow zone and we are predicting a bounce from here that will take us to our targets in the green. TVC:USOIL
We see the completion of a harmonic bat pattern on the daily chart and is also at a major support zone. We are expecting a bounce off a the support zone. We have our take profits are set at the green major and minor resistance zones. TVC:USOIL