Hello. Given the positive divergence of Hayden, I predict it will drop to $ 62 again
Crude Oil may fall, see idea for stop loss and take profits
76.50 level monthly resistance/top looks like a strong rejection level ,profit booking like pattern has already formed after the OPEC meeting and indications are clearly visible in the weekly chart. Speculative sentiment index is around 50/50 hence we are expecting the price to drop and test the 65 handle monthly support . Signal : Sell every rise Target ; 65...
Buy signals given around 67-68.50 hit the target of 74 Handle . One more possible upside target is there around 76.50 handle however since the R-R is bad , its not good to enter fresh long positions .
Seems like a clear upside break out with a short term support near 67 handle ( previous resistance) + SSI is around 30% on an average Trend : Bullish Signal : Buy @ 68.50 (weekly pivot) , Buy limits above 64.25 - 66.00 (Supports) Strategy : Split positions Target : 73.75 - 76 Handle Stop Loss : Manual close / Parallel position below 64
As expected ,Stop hunts are happening either sides of the past 10 day range (61.70-66.05).Yesterday we have seen a strong stop hunts by bears around 61.90 area and price barely managed to come inside the range. Speculative sentiment index is around 80% and technically the outer rectangular range bottom around 57.40 level needs to be tested before any upside...
As i can see crude oil is trading above 50$ and show more bullish moves incoming days as Demand is increasing lock downs are ending up and international Travel Restrictions ending also so we are expected USOIL more demand will achieve our design Targets buy from given support zone with a small risk and wait for to achieve all TP Friends push like and comments...
Pattern: Ascending Channel on 4H. Signal: Buy as the price just hit the 4H MA50, which has been supporting since November 03. Keep another buy ready in case the price hits the 0.618 Fibonacci retracement level (Highs and Lows since November 06 are on a progressive sequence) as the MACD is still open. Target: 48.00 (just below the 0.382 Fib extension). **...
as we see more demand day by day after opening alote of countries their lockdown we expecting more bullish in usoil and we expected it will hit 50$ barrel till ending of 2020 guys push like and follow us for more updates on other analysis
Pattern: Descending Triangle on 4H. Signal: Buy as the price rebounded on the Support making a Double Bottom event, while the MACD made a Bullish Cross. Target: 40 (right on the Lower High trend-line and the 4H MA200). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Triangle into Channel Up. Signal: Bullish as the Triangle broke, the 4H MA50 has been crossed and the 38.45 Resistance is being tested. Target: 40.10, that is roughly a +5% rise from the 4H MA50 break-out. Sinc June 16, every break-out above the 4H MA50 has resulted into at least a +5.50% rally. ** Please support this idea with your likes and...
Pattern: Triangle on 4H within a Channel Up. Signal: Sell as long as the Triangle doesn't make a Higher High. Buy the dip afterwards. Target: 44.50 the dip buy target. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more...
The USOIL is one commodity that attracted my interest in the last couple of months as I have executed some profitable positions within this period of time hence decided to do a publication after noticing that the commodity remains on track to close the second straight week in positive figures as the price keeps bouncing off my Demand zone. Tendency: ...
Pattern: Channel Up. Signal: Buy when the price completes the roughly -8.00% decline from the recent top. There is an obvious declining pattern on the pull-backs within the Channel Up. Target: 44.50 (+2.20% from the most recent High, in accordance to all previous Higher Highs made). ** Please support this idea with your likes and comments, it is the best...
Pattern: Channel Up. Signal: Bearish as the price failed to break the Resistance and th 4H RSI is at the top of its Channel and a similar bearish formation has been seen 4 times previously. Target: 37.50 (just above the Support Zone). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Pattern: Triangle on 4H. Signal: (A) Bullish if the Lower Highs trend-line breaks, (B) Bearish if it gets rejected. Target: (A) 40.00 (just below the Resistance), (B) 36.00 (the first inner Higher Lows trend-line). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Most recent Oil signal: