Hello all traders
Oil Trade Setup / Analysis
Just browsing through my analysis means a lot to me.
Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied
Always enter into deals when there are more than 5 reasons
Key Technical / Reason's...
“Make it simple, make profit”
Don’t forget to
“Follow” me and press “Likes”.
I will begin WTI ZeroMarket CrudeOil Chart Analysis for August 5 .
30-minute chart, one-way long position strategy.
Based on the green support line,
Check the blue route and main section.
If it does not...
The US oil started its recovery mid April all the way from the price of 12 up to 42 today
The wave up is was strong by lost momentum and barely moved up during July.
This indicates that the price of oil has found a solid footing. Which means now that a breakout might happen soon.
IF price goes above 43 it would stop until 50 and probably go towards 66 later...
The price of WTI has recently broken the descending trend line and so started(or recovered) an uptrend, which is the major trend. There are many signals showing us why to go long. The most important for this trade is the correction towards 50/38,2 Fibonacci level, which is also a level of confluence with a rising trendline. If the price gets to the highlighted...
Unlike the others, My opinion we will see increase on oil prices. Some reasons, 42,50 critical, weekly close above 42.50 will bring new highs.
1) Positive RSI divergence
2) Money flow increasing
3)As crude oil prices rise, inflation also rises. Gold is known to be a good hedge against inflation. The value of gold only increases when inflation rises. Over 60% of...