OS Oil is in the monthly demand zone, so it has a chance to rebound to the weekly supply zone to make at least a weekly correction. So join the short-term uptrend following the daily correction trend line.
The overall trend is the monthly correction process of the downtrend, and the bottom can be tested again after the weekly correction process is over.
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We get confirmation from lower time frame. Yesterday's rally I didn't sell oil.
M30 of oil now is indicating bearish for sell oil. Kijun cross tenkan downward. Future kumo is brarish kumo. Macd bearish. And chikou is currntly running below the kumo.
Pay attention to the 2 tp zones I defined. Trade well and wisely.
short postion, we want a trade market generated information, we don't want trade biases we don't want trade randomness random number, market does two things, the market is the distribution system that seeks out value and it goes to value to value from high value to lower value it gona do so in a form of being balanced or equal and imbalanced unfair right and when...
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about USOIL. USOIL is making falling Wedge Pattern and it has maximum Chances that after breaking this level we can see price around 110.
Before entry We will wait for further confirmation from fundamentals. Keep in touch we will update further soon
USOIL
As we expected, we saw the fall in oil prices.
At the end of the downtrend and on a support, the morning star pattern is formed.
If this support is maintained, it can return to its previous path.
#USOIL #BTC #BTCUSD #LUNA #LUNC #UST
Trade Idea: Selling WTI Crude Oil
Reasoning: Potential topping formation (Head & Shoulders-like) on 1 hour chart
Entry Level: 89.02
Take Profit Level: 86.02
Stop Loss: 90.52
Risk/Reward: 2:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading....
Last week oil (WTI) slipped to lows of 86 dollars a barrel, prices not seen since January. There was slightly strong bearish volatility as shown by the Bollinger Bands and Keltner Channels indicators on the 4 hour and 1 day charts. The motion of price falling beneath the lower lines indicated that strong sell volatility occured. The default RSI14 fell to oversold...
Hello traders,
USOIL could be rejected again from the resistance zone later in NY session.
If so, the lower target zone 80.85-83 is possible for it to test.
Winter is coming, but OIL still could not stop dropping. Maybe this is a support zone before winter.
GOOD LUCK!!!
LESS IS MORE!
