WTI CRUDE OIL(USOIL): Classic Gap TradeI see a nice gap down on USOIL, with a strong possibility that the gap will be filled soon.
The price approached an important support level and showed signs of a potential bullish signal.
I also observed a breakout of the neckline of an ascending triangle pattern on the hourly chart.
It is likel
USOIL What Next? BUY!
My dear followers,
I analysed this chart on USOIL and concluded the following:
The market is trading on 58.35 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 60.83
Safe Stop Loss - 57.06
About Used Indica
Oil : April Could Be the Worst Month in Three and a Half YearsOil Prices: April Could Be the Worst Month in Three and a Half Years
As the XTI/USD chart shows:
→ at the beginning of April, WTI crude was trading above $71 per barrel;
→ this morning, on the last day of the month, the price has fallen below $60.
The overall decline may reach 16% — the worst
Triangle in oil, OPEC+ decision = gap down on Monday? 🛢️☕ #OilNotCoffee | 📐 #TECHANALYSIS
📉 Oil appears to have formed a triangle in wave 4 and is poised for a major gap down on Monday, driven by OPEC+’s decision to accelerate production increases beyond initial plans.
Position:
▫️ Entered the weekend with short positions near peak exposure.
▫️ Criti
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Displays a symbol's price movements over previous years to identify recurring trends.