BRENT - SHORT ENTRY PRICE - 43.21 SL - 44.26 TP - 41.21
SELL OIL/USOIL for a nice short trade on the 4Hour chart. Targets as shown.
Crude Oil - Intraday - We look to Sell Price action has continued to range within a triangle formation. Trend line resistance is located at 40.92 Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 40.91, resulting in improved risk/reward. Preferred trade is to sell into rallies. Our profit targets will be 39.99 and...
I believe the oil will drop down in the coming days and here is the path I think it will take. Do your DD, apply your edge, act accordingly Best luck
I'm afraid I need to switch my plan for mid term, I don't think it will be able to go above 40.00 without going to 32.80 first thinkingthinking So maybe I will be looking at buy opportunities and selling at 39.80 targeting 33.40 Assuming we're in a beginning of consolidation area now, so buying or selling from the middle not recommended.
After correcting to 37 zone, WTI has entered in a range with a top above 41.50 and a bottom at 37 zone. Now oil is traded near the top of the range and we could have a nice selling opportunity with a R:R of more than 1:3
(WTI) USOIL is trading within a range between 39.100 and 40.750 At 40.750 it got rejected twice and started the bearish run It has formed a inverted head and shoulder during the initial days of this month on right side of the inverted right shoulder morning star was formed which caused further buying pressure and reached 40.750 resistance level. The USOIL...
Last week Crude oil closed bearish for the week, retesting 36.63. This week I’m lookin for more bearish momentum and possible continuation to the downside. If price can close below 36.63, next target will be 34.51. If you have any questions please feel free to comment below.
This is a setup based on the price and volume analysis, oil may drop down especially with market data that support this probosed move.
OIl on the daily chart retraced from the recent highs till the 36 level before starting a minor leg up. Price went up till exactly the 0.618 fib level retracement and came back down on the 0.382, tested the 0.5 fib level and currently testing again the 0.382..very technical indeed. IF the price will break and close below the 0.382 level we can set a nice short...
OIL We can see a parabolic move from 40.00 to 36.10 after that some minor correction happened in a triangle range. From September 08 to September 15 its formed a triangle pattern and the pattern was just broke on sep 25 and the impulse wave is formed up to 41.50 level At 41.50 formed a minor head and shoulder and felled towards 38.64 there its finds support from...
USOIL looks to breakdown to new recovery point. Have good time all(:
US OIL looks to recovery to new price rage. Expecting new recovery Have good time all ! # like and follow for more updates. Thank you
Whats going on everyone. My favourite setup of the day is USOIL. You can clearly see this asset is in a bearish structure, with a lower low, and now a lower high formation. So whats next, logically? A new lower low. We're starting to see OIL struggle in between the 61.8 and 78.6 fib extensions, and sellers are beginning to push price down. Im short from this...
Depending on new data study.USOIL looks to breakout to new high level. Expecting that oil can become to rage 41+ Have all good time (: If you like this post, pleas give it a like, and follow for more updates. thank you # this post are not an advice, and trade on your way.
OIL SELL TP_33.54_16.32%_6.54pips_SL_40.33_0.62%_0.25pips