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Daily Analysis on US OIL by ThinkingAntsOkUse this as a guide to make your own setup Main items we can observe on the Daily Chart: a)The price is against a major Support zone tested multiple times b)Currently, we can see a corrective structure close to the support zone and the Descending trendline c)We expect a breakout of the corrective Structure + correction below it d)If this happens and the support zone 1 is broken, expect a continuation of the bearish movement towards Support zone 2
TVC:USOILShort
by ThinkingAntsOk
2
cl, oil, trading for Oct 18thNow we had a very interesting move in the last 24 hours and give us more to play with. Today the red zone is now very small and will give a more clear trade opportunity so will watch close. That said being Friday the move after this pop can be consolidating. I can see a pull back all the way to 53.75 before the up move takes off again and below that area will not lean long but think more like expanded range. And any move above 55 is to be looked upon as nice and bullish, but will wait for retests to get long.
FX:USOIL
by alleytrader
4HS and Daily Analysis on US OIL by ThinkingAntsOkUse this as a guide to develop your own setup Main items we can see on the 4HS chart: a)Currently, the price is on a corrective structure (Flag Pattern) b)Flag Patterns are considered continuation structures c)The Only level that remains as a solid Support zone is the current one d)We will be waiting for a breakout of the structure, and then a small correction below the Flag Pattern e)If that happens we will trade the breakout of the small correction (Green and red arrows) f)If this scenario goes as expected, we have a really interesting Downside potential. Daily Analysis:
TVC:USOILShort
by ThinkingAntsOk
Daily and Weekly Analysis on US OIL by ThinkingAntsOkUse this as a guide to develop your own setup: Main items we can see on the Daily Chart: a)The price made a fake on the Beairhs trendline and then re-enter the zone again b)Currently, we can see a Corrective Structure c)The Corrective Structure is on a major Support zone, the last level the price has before going to the next support zone at 43.00 d)We will be waiting for the breakout of the Structure on a lower timeframe, such as 1H, and we will look for a small correction below the current structure. e)If the situation explained in the previous item happens, we will trade the breakout. Weekly Vision:
TVC:USOILShort
by ThinkingAntsOk