USOIL on recovery from crashUSoil oil moving into a structure it recently broke...we expect prices to trade higher close to 35.
Usoilsignals
USOIL Buy SignalPattern: Parabolic rise.
Signal: Bullish either if 28.50 breaks (Gap 1) of if the 4H MA50 is tested as a Support (blue trend line).
Target: $34.00 (Gap 2).
Most recent Oil signal:
USOIL Buy SignalPattern: Fibonacci retracement
Signal: Bullish as the price made a bullish cross on the MACD and the whole pattern is similar to the previous sequence that topped on the 0.618 Fibonacci.
Target: 22.80 (just below the 0.618 Fibonacci retracement).
USOIL Buy SignalPattern: 1H Channel Up.
Signal: Bullish as both the Lower High resistance since March 13 and 1H MA50 broke.
Target: 27.00 (just below the 27.30 March 9 Low and symmetrical Resistance now).
USOIL is going to Neutral PhaseAfter the predictable fall in oil prices, it can now be said that oil is entering a neutral phase.
Oil Market in the CoronaVirus handsWith the start of the Coronavirus epidemic, demand for oil is declining and it is expected that the decline in demand will further damage the oil market.
USOIL Buy signalPattern: Channel Down on 1D.
Signal: Bullish as the RSI is forming a bullish reversal on the 1D chart, bouncing on the 7 month Support.
Target: 59.50 (symmetrical with the last Lower High of the pattern).
USOIL LONG set upBuy usoil
Entry 1 50.86
Entry 2 50.42
Sl 49.10
Tp.1 52.20
Tp.2 53.40
Tp.3 54.68
Tp.4 56.00
Tp.5 57.80
usoil long set upBuy usoil
Entry 1 51.08
Entry 2 50.48
Sl 49.10
Tp.1 52.20
Tp.2 53.40
Tp.3 54.68
Tp.4 56.00
Tp.5 57.80
WTI OIL Long term Buy SignalPattern: Channel Up on 1D.
Signal: Bullish as the price hit the Higher Low zone of the pattern.
Target: 66.00 and 68.00 depending on the actual Higher Low.
Previous targets:
WTI OIL Buy SignalPattern: 1D Channel Up.
Signal: Bullish as group of parameters is fulfilled: 1. Reached the Higher Low of the pattern, 2. Made contact with the 1D MA50, 3. Hit the 1.3 Fibonacci retracement level after the Iran attacks, 4. The RSI is on a 3 month support level.
Target: 64.00 (Higher High trend line of the pattern) and in extension (depending on the geopolitics at the time) 66.00 (just below the 1W Resistance).
See how accurate this pattern with Supports and symmetrical Resistance levels has been in the past:
WTI OIL Bullish Trading planPattern: 1D Channel Up.
Signal: Bullish as the price broke the 58.80 Symmetrical Resistance, which (excluding the Saudi attack on September 16th) has been holding since July.
Target: 61.00 (1st 1W Resistance) and if the Lower High trend line (red bold) of the Descending Triangle breaks, 63.50 (2nd 1W Resistance).
See how accurate the 1W Descending Triangle has been on my last Support Buy:
WTI OIL Neutral sentiment. Trade the break-out.Pattern: 1W Descending Triangle .
Signal: Bullish within the 1D Channel Up. Neutral outside so trade the break out: (A) Bullish above the 58.80 Symmetrical Resistance, (B) Bearish below the 54.80 1D Support.
Target: Within the 1D Channel Up it is always the 58.80 Resistance. Outside is (A) = 61.00, (B) = 51.50.
See how accurate the 1W Descending Triangle has been on my last Support Buy:
WTI OIL Sell SignalPattern: Channel Up on 4H.
Signal: Bearish as the pattern made a Higher High just below the 1W Resistance. Also as per the previous symmetrical Channel Up after the Golden Cross a pull back below the 4H MA200 follows.
Target: 54.80.
USOil / WTICrude - Buy NowYes Buy now.
USOil is in over bought situation in daily time frame.
1. Bottom bollinger band giving it a support to push up
2. Couple of time tested strong support at 51.04 price
3. 50 EMA is crossing the the middle bollinger band
4. Whenever RSI hit the 33.84 level price was retrace from that level
So we have few confirmation Buy USOil
Note: Trade at your own risk.
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USOIL Buy SignalPattern: Break out from 1D Channel Up.
Signal: Bullish either at the top of the Channel's trend line or where the MA50/200 currently are.
Target: 66.00 (below the 1W Resistance).
Usoil Trade Setupas long as I closed my short now looking for a long trade :) both bullish bat's and bullish butterfly's PRZ are same
WTI OIL Buy SignalPattern: Ascending Triangle on 4H.
Signal: Bullish as it approaches both the Support and the MA200.
Target: 61.90 (symmetry of Higher Highs).
WTI OIL Buy SignalPattern: Channel Up on 1D.
Signal: Bullish as the price hit the Higher Low.
Target: 65.00 (median of the 1W Resistance Zone and a 16.60% extension from the Higher Low).
USOIL Harmonic AB=CD Pattern Analysis and Strategy with FibsHere is an updated chart on crude oil showing the completion of an AB=CD harmonic pattern on the 1 hr chart. Price action has found support at the completion of the pattern (the redzone) and is also trading at a crucial Fibonacci level (.618). These are all bullish technicals which signaled us to average down our position and reassess our targets at the green zones. TVC:USOIL
