USOIL/UKOIL idea Earlier in the last analysis, I said that I expect a correction from level 40 and an indication of potential targets. Perhaps the correction ended at level 34(fibo 32.8), and we will see a continuation of the trend to levels 42-43 Today, the market on the daily chart can form a bullish pinbar, which will mean the end of the correction. There is...
This could be more simple - just a zigzag wave (C) could be underway then. It could hit at least the 61.8% of (A) = 39.77 or just below the terminal point of wave (A). It can go deeper to hit 38.40 where (C) = (A). Watch reaction in blue box.
UKOIL expected to reverse up to 1st support at 37.10 where it could potentially react and bounce to its resistance at 1st resistance at 39.80 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Worst scenario could happen H&S on 2H we are targeting the trend line @36.5 and feb level 0.236 @ 35.92
👁️🗨️Crude Oil's trend is still bullish despite a drop in the broader market that is pulling oil along with almost everything else down with it. While weak demand is ramping up storage fears (fears should have been quelled by the OPEC+ deal to cut production, but doubts over compliance linger) the overall trend for oil along with the OPEC+ deal itself is still...
- Trendline support - 61.8 - 78.6 Fibo Price Reversal Zone - Huge Supply/Demand Zone Great RR Good luck
UKOIL expected to reverse up to 1st support at 39.82 where it could potentially react and bounce to its resistance at 1st resistance at 41.96. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
The target from my last update for this idea was reached at 43.40 - exactly to the tick. I think it's just lucky coincidence )) Now the market is consolidating within 39.84-43.40 range. We got sharp wave (A) down in place, which hit 39.84; now the wave (B) is underway. It could retest the former top of 43.40. Let's see.
Welcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here on your Service, Also hit thumbs up 👍 and support the work USOIL Showing a nice Inverse Head and Shoulder. A long trade after a perfect neckline breakout and retest will give a nice return 2-5 times higher the risk. Sketch up your own trade setup and...
Triangle formation, will TVC:UKOIL CURRENCYCOM:OIL_BRENT break the triangle and move upward. Stop Loss at 40.00. Initial trade today at BUY at 40.80 stopped at 40.30.
on DAILY: OIL is currently sitting around a strong resistance zone in green and almost filled the previous gap so we will be looking for objective sell setups on lower timeframes. on H1: OIL is trading inside a wedge pattern (not valid yet) so we are waiting for a new swing to form around our lower red trendline to consider it objective and enter on its break...
UKOIL to reverse from its downside confirmation at 39.82 where it could potentially drop further to 37.66. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Let's see if Brent TVC:UKOIL passes trhough 40.83 with a target of 42.40. Stop Loss at 40.30
UKOIL approaching support at 40.43 where it could potentially rise further to 43.25. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
UKOIL to climb from its upside confirmation at 43.25 where it could potentially bounce further to 45.81. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.