WTI is trading within a Channel Up on the 4H chart (RSI = 56.026, MACD = 0.100, ADX = 22.319) having successfully crossed the 4H MA50. This has been typically a bullish extension sign since May 28th. We are bullish aiming at 41.50 - 42.00. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
Pattern: Channel Up on 4H. Signal: Bullish as a bottoming fractal has been formed after the price bounced near the Higher Lows trend-line since May 27 and the RSI bounced near the Lower Low trend-line of its Channel Down. Target: 42.00 (just below the Higher High of the Channel Up). ** Please support this idea with your likes and comments, it is the best way...
price is rejecting a major S/R level
Nice bounce of support. Should see some buy pressure around here. We still need to fill the breakaway gap from a few months ago to around 41.
Pattern: Channel Up on 1D. Signal: Bullish. Target: 42.50 (potential contact with the 1D MA200). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Previous Oil signal:
If price breaks the blue trend line we wait for it to close below 39.00, then we take a sell with 37.48 as first TP and 34.59 final TP.
IN OIL WE ARE EXPECTING BEARISH MOMENTUM IN THIS WEEK NOW 40.5/41$ LEVEL IS IMPORTANT FOR DOWN SIDE TARGET 37/34$. THANKS
I kinda missed my entry though, However, i would love price to come to my resistance so that i could open a short position. Lets see
Watch carefully because is the key. A lot of mysterious symbols on chart. So... buy/ sell as you wish this suggestion give you a full of prosperity dish.
Pattern: Triangle on 4H. Signal: (A) Bullish if the Lower Highs trend-line breaks, (B) Bearish if it gets rejected. Target: (A) 40.00 (just below the Resistance), (B) 36.00 (the first inner Higher Lows trend-line). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Most recent Oil signal:
If my trend line holds then i should short if it breaks then long. lets see
WTI USOIL CRUDE - Looks Like no longer will hold this jump -
As we've seen in our previous post, we succeeded to expect what will happen and we successfully had reached our target of 37$. Please note that our game now is on the daily chart as the price could successfully break the 37$ level which was a very important historical support, and then retested it on the H4 chart by making a bullish channel to touch the point and...