Short Trade Potential opprtunity on USOIL Looking for a Short entry on USOIL
Entry @ 75.19
PTGT @ 73.40
BEAR POWERCRUDE OIL IN A STRONG BEAR TREND AS CONTINUES IN DOWNTREND CAN GO FURTHER DOWN SUBJECTED TO DEMAND AND SUPPLY WAIT FOR CONFIRMATION i.e a stong bear candle in 15 min its my analysis do yours dont trade
Oil Trade: Sell All as mentioned in the chart. RR of 1:1
There is a TL breakout and RSI also showing a sell bias.
Oil fundamentals and OPEC indecisiveness leading to oil glut.
MCL analysisPrice meet double top setup and fall into 76.11 and make flag pattern, the target profit will be around 2nd pole 72.59
If price able to break and close 72.35 , the trend will continue bearish
WTI Crude oil - last updateOur overview: Definitely OPEC+ policy disappoint the market. The Cot report released Friday, referring to data until the previous Tuesday, then few day before the OPEC+ meeting, highlighted that the commercial barely increased(1%) their net long positions in options, reverting the trend of the previ
Long term accumulation for crude oilIt seems the fractal has reached a point where a long term accumulation cycle starts. We can still hold the daily range for a while but there's still some serious pressure from the weekly data. Possibility to come up to the weekly downtrend, reverse from the weekly block (two acc candles), reverse a
OilOil is currently consolidating at the 0.618 retracement from the recent run up. RSI also bouncing at the uptrend. Good risk/reward on the long side here with a stop around ~$72 imo.
CRUDE OILPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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WTI Crude oil - last updateOur overview: Definitely OPEC+ policy doesn't convince the market. Massive selloff with more tha 500K contract traded, push the price to re-test the trend/neck line. Market could enter in latera trading range.
Technical signals: RSI negative, and Stochastic negative.
Trends analysis: Primary(purpl
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