Crude oil sell based on Gann and Fibonacci Sell crude oil at 4640 Stop loss 4657 Target 4569
Crude oil buy based on fibonacci and GANN Buy at 4588 stop loss 4575 Target 4665
Hello traders and investors, Welcome to technical analysis of CRUDE OIL. if you like this analysis please like and comment below, it will support creating more analysis for you. we see shooting star candlestick near major weekly resistance on weekly chart , this can be sign of reversal . hidden bearish divergence also gives us indication of bears are coming soon.
Buy crude oil 4077 Stop loss 4060 Target 4135
sell crude oil at 4119 stop loss 4145 Target 4066
Down sloping PF off 2016 low and 2018 high (red) The median line provided some key areas of resistance/support from 2017 to present Support in 2020 low off lower parallel (good rejection) Test after price break late 2020 Next target is upper parallel. An option is that price breaks above upper parallel then pulls back to test the break
Modified Schiff Pitchfork (red) off 2008 high with pivots on 2009 low and 2013 high From 2013 through 2020, the median line has provided support for 2 large areas of tests With hard rejection off line in 2020, price now moving back to upper parallel One option is the upper parallel holds then price moves back down. A second option is that price breaks...
as seen on chart using our strat. weekly downtrend so shorting is good idea
As you can see from the Weekly chart, bear market might have ended for crude oil. With Elliott Wave model, i have counted the corrective wave started from July 2008 to mid April 2020( indicated by the oil crash event amidst pandemic). A complete zigzag corrective wave is done with prolonged ending diagonal of impulsive wave C. If this model is correct, then I...
Watch The Fib Level and Trendline and then Trade If Crosses Then Close Trade Wait For Higher Levels To Get Active Most Probably Crude Might Not Cross 59.64
Hi Trader, I have share Crude Oil Intraday Trade Level. Take Profit - 15 - 100++ Pips Stop Loss - 15 Pips. Next Update after 10+ Likes. Based on likes only. I will understand Update is need or not.
Update on the high TF targets / possibilities for Crude Oil WTI. Thread carefully. Nick
Oil - Daily chart - Shorts in play as im expecting a pull back before going long at 52.60 with targets 60
This bearish count seems very less likely to play out however is still a possibility and hence should be considered as an Alternate Count.
It seems that Crude is in the last stages of what I see as an Expanding Ending Diagonal. I will wait for confirmation however as this market has already fallen below the 61.8% mark of the previous up swing. I will update further as this market progresses.
It's time to throw sellers out of positions Trade without indicators and trend lines is realistic