Goal: +7613 (USOILSPOT)Expect USOILSPOT to increase 7613 units after price closes above 93.322. If price closes below 93.322, then the trade idea is null.
Usoilspot
USOILSPOT Entry Price 93.167Enter USOILSPOT with a market execution order. Price closed below two support levels. After the close, support became resistance level.
USOIL SPOT : 4.54% IncreaseUSOILSPOT. Symmetrical Triangle Chart Pattern. Exponential Moving Averages. EMA 10 is above EMA 20 on H1 Chart.
USOIL potential for pullback! | 22nd March 2022Prices are approaching our pivot area at 114.16 which is a graphical overlap and in line with 100% Fibonacci Projection and 61.8% Fibonacci retracement. We see the potential for a dip from our sell entry towards our Take profit at 109.15 in line with 23.6% Fibonacci retracement. RSI is at levels where short pullbacks previously occurred.
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USOILSPOT 1Dtest
USOilSpot represents the current spot price of West Texas Intermediate (as opposed to the Futures price).
USOILSPOT further bullish continuation! | 25th Feb 2022Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for bullish continuation from our 1st support at 93.45 in line with 161.8% Fibonacci Projection towards our 1st resistance at 99.1 in line with 100% Fibonacci extension. Our bullish bias is further supported by RSI being on bullish momentum and also prices trading above our ichimoku cloud support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
USOIL Horizontal Support LevelsUSOIL
Trend: Up
Level: Horizontal Support Level, EMA 10 Support Level, EMA 20 Support Level, Fibonacci Retracement Support Level
Signal: Rejection Candlestick
USOIL Buy on Triangle breakout In daily Candle USOIL LOOK Like going to downside
but in 4 hour it create continue pattern ( triangle )
if break this triangle this going to up ,,
stop loss below 51.60 buy at traingle breakout and tp is 54
Trade with care and happy trading
Good luck
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CL Monthly Technical Outlook - 9th July 2016From a technical perspective, the oil price has turned quite interesting since the start of a new trading month. The chart below shows the monthly rolling oil contract chart where June’s price action closed in a doji. It gains significance following three straight months of gains. The monthly Stochastics also shows the hidden bearish divergence currently playing out, as prices form a lower (June) high at $51.66 and the higher Stochastics while, the higher (May 2015) high at $62.51 and the subsequent lower high in the Stochs.
In the near term, oil prices could remain range bound within 48/49 and 44/45 levels.
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/CL - Comex Market Analysis and Trading Tips - 28th June 2016Overview:
The Crude oil market had a fairly negative day on Monday, as market continue to worry about all things European Union and United Kingdom related. The primary trend of Crude oil is bearish on charts. On its 4 hourly chart, market is trading below 100 days moving average. It is having important resistance at the level of $48.12 and support level at the level of $46.50. On its 4 hourly charts, MACD is sustaining in its negative territory and RSI is sustaining in its selling zone indicating the upcoming bearish trend in the oil prices. On an intraday basis one can go for sell on higher level strategy.
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CRUDE LONG WEEKLY VIEWWe expect CRUDE to rise.
STOCH RSI is rising.
RSI is rising.
CCI is rising.
We expect crude to stay long above: 34.77 SL: 34.48 TGT 01: 35.59 TGT 02: 35.91 TGT 03:36.91
Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
USOIL ::: SHORT ::: REVERSAL CALLUSOIL is expected to sink now.
There are many reason why we feel it may sink.
01. It is trying to touch Tgt 01. of quarterly short level of 29.66
02. HAMMER in daily Chart.
03. To sink and come near quarterly Tgt 01. sell level of 29.66
04. Stoch RSI (3,3,14,Close) clearly states it may sink.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from sell bellow:31.29 with a SL @: 31.71 Tgt01: 30.06 Tgt02: 29.66 . Please bear in mind this is reversal call. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
