Crude elliott wave updateCrude elliott wave update
BLACKBULL:WTI FOREXCOM:USOIL MCX:CRUDEOIL1! NYMEX:CL1! TVC:USOIL FX:USOIL CAPITALCOM:OIL_CRUDE BLACKBULL:WTI FOREXCOM:USOIL
Elliott wave Count
Target above 100
Usoilanalysis
USOIL ( BREAKOUT DEMAND ZONE ) (4H)USOIL
HELLO TRADERS
Tendency , the price is under bearish pressure , after breakout demand zone .
TURNING LEVEL : the price of turning level around 76.96 , until the price trading below this level reach a support level (1) , but if the price breaking this level reach resistance level (1) .
RESISTANCE LEVEL (1) : this level around 80.49 , for reach this resistance the price it will be breaking turning level .
RESISTANCE LEVEL (2) : around 82.83 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : as long the price trading below turning level reach this level around 75.05.
SUPPORT LEVEL (2) : this level around 72.46, for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .
CORRECTIVE : the price may be corrective turning level at 76.96 , before drooping .
TARGET LEVEL :
RESISTANCE LEVEL : 80.49 , 82.83 .
SUPPORT LEVEL : 75.05 ,72.46 .
USOIL - BEARISH MOVEHello Traders !
After a huge bearish move,
The USOIL price broke the support level (75.17 - 75.64).
This key level becomes a new resistance level !
So, I expect another bearish move 📉
_____________
TARGET: 72.90🎯
USOIL - where is support?? what's next??#USOIL - market just near to his immediate supporting area, keep close it 76.20 around.
any weakness below that level can leads you towards further area to downside.
keep close it and dont short until market hold it.
good luck
trade wisely
Crude oil: Waiting for a rebound to continue shortingCrude oil technical analysis
Daily resistance 78.4, support below 72.7
Four-hour resistance 77.5, support below 75.5-74.7
Crude oil operation suggestions: WTI prices stopped falling due to a decline in weekly crude oil inventories last week. The U.S. Energy Information Administration (EIA) crude oil inventory change report is expected to show that inventories will increase by 700,000 barrels in the week ending July 19. Israeli Prime Minister Benjamin Netanyahu will address the U.S. Congress, seeking to turn the U.S. attention to the Middle East.
From the daily chart level, crude oil has repeatedly fluctuated and stepped down in the medium term, and the oil price has fallen below the support of the moving average system. The objective trend of the medium-term rise has changed and returned to the oscillating pattern. Crude oil is expected to maintain a wide range of oscillation in the medium term.
From the current market situation, the lower target continues to focus on breaking new lows, and the short-term long and short strength watershed focuses on the 77.5 line. The rebound above 77-77.5 remains short. Any rebound before the daily level breaks through and stabilizes this position is a short-selling opportunity.
SELL:77.0near SL:77.30
SELL:77.5near SL:77.80
Technical analysis only provides trading direction!
Oil prices can still be shorted at around 77 to make a profit.
The overall trend of oil shows the closing stage of the arc top. There are still some opportunities for decline to short the oil price to make a profit.
I am EDDY. Senior Financial Analysis Consultant.
I have experienced the financial crisis, the stock market crash, and the market circuit breaker. The current trading opportunities in the market are much better than before. There are many trading opportunities every day.
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Crude oil latest analysis and signal strategies.Crude oil technical analysis
Daily resistance 82-83.4, support below 80-77
Four-hour resistance 82-82.5, support below 80
Crude oil operation suggestions: The overall price of crude oil maintains a narrow range of fluctuations. In the short term, the oil price stands above the 80 mark, and still maintains a wide range of long and short fluctuations. Pay attention to the 81.1/82.5 resistance above. Today, the support below continues to focus on the 80 integer mark. A downward breakthrough may reach around 79-78. Rely on this range to maintain high selling and low buying during the day
SELL:83.4near SL:83.8
SELL:82.5near SL:82.8
Technical analysis only provides trading direction!
USOIL - Short from bearish order block !!Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bearish market structure, so I look for a short . My point of interest is if price continue the retracement to fill the imbalance higher and then to reject from bearish order block + liquidity zone.
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WTIThe general trend of oil is currently downward and every high is worth selling!
Pay attention to the limits beforehand and check in a small time frame
USOIL ( BREAKOUT CHANNEL ) ( 4H )USOIL
HELLO TRADERS
TENDENCY : the price stabilizing below turning level , indicates is under bearish pressure
TURNING LEVEL : the price around 81.71 .
PRICE MOVEMENT : the price in previously rising an reach a target , but dropping significantly because of the attack on trump .
PRICE ACTION :
SHORT CONDTION : after the price breaking a channel , price stable bearish zone , currently price 81.14 , price trying to retest before dropping a support level at 80.50 , then breaking this level reach 79.25 .
LONG CONDITION : if the price breaking 81.71 by open 4h candle above this level reach a resistance level at 83.57 , then stabilizing above this level reach a 84.97 .
TARGET LEVEL :
RESISTANCE LEVEL :83.57 , 84.97
SUPPORT LEVEL 80.50 , 79.25
Bullish case for WTI crude (USOUSD) Price above the cloud? Yes
Tenkan-sen crossed above the Kijun-sen? Yes
Chikou span above the cloud? Almost there
Chikou span above price? Yes
Future cloud bias? Bullish
This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade.
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Crude Oil Analysis and Trading Signals UpdatesCrude oil technical analysis
Daily resistance 83.4, support below 80.62-79
Four-hour resistance 83.4-82.5, support below 81.2
Crude oil operation suggestions: Crude oil fluctuated and consolidated in a narrow range at a high level last Friday. The overall price continued the recent high-level fluctuation and consolidation rhythm. Today, the upper pressure continues to focus on 82.5-83.4. The intraday rebound continues to short at this position. The lower support focuses on the 82 mark. The short-term crude oil strong dividing line focuses on the 82.5 mark. Before the daily level stabilizes at 83.4, continue to sell at a high price around 83.4.
SELL:80.7near
SELL:82.5near
SELL:83.4near
Technical analysis only provides trading direction!
Decoding USOil TrendsHello traders,
Here, I aim to decipher the trends of USOIL across all timeframes.
On the weekly chart, a cup & handle pattern is evident, with $84 serving as the pivotal price. A clear breakout on the daily timeframe could signal a bullish stance for USOIL.
First target: $94
Second target: $109
Stop-loss: Close below $72 on a daily basis.
I'll keep you updated as the situation evolves.
Best of luck
USOIL Higher Time Frame Possible Bullish ScenarioThis is higher time frame bullish scenario on USOIL (WTI). This is only applicable if a bullish breakout occurs.
1. The price is inside a triangle which is getting squeezed and reaching its apex. That means we are going to have a breakout very soon.
2. Recently the price completed and M pattern and jumped higher. When M pattern completes the market goes higher.
3. If we get a bullish breakout from this triangle and if this breakout confirms, we can have formation of a potential W pattern. This when completed will have the potential to make oil fall again.
4. After that if the price stays bullish or becomes bullish again, we have a gap available around 100 area which needs to be filled at subpoint.
5. That will also lead us into a bigger multiple month and possibly multi year bullish formation of a W pattern.
But first, we need to see how price breaks out of the triangle.
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USOIL ( UNDER BEARISH PRESSURE ) ( 4H )USOIL
HELLO TRADERS
Tendency after the price breakout , indicates the price is under bearish pressure
TURNING LEVEL : there is a purple line around 82.84 , indicates if the price trade below this level reach a support level , but if the breaking turning level reach a resistance level
RESISTANCE LEVEL: there is a green line around 85.25 , indicates selling have already increase this level , when you reach this level buyer have more supply for oil
SUPPORT LEVEL : there is a red line around 79.66 , indicates buying have already increase this level , when you reach this level selling have more demand for oil
PRICE MOVEMNET : the price stabilizing below turning level around 82.84, in my opinion until the price trade below turning level ,indicates selling have more demand for oil , so reach a support level at 79.66, then breaking this level reach a next target at 77.37, if the price breaking turning level , indicates buyer have more supply for oil , so reach 85.25 and 87.41
TARGET LEVEL :
RESISTANCE LEVEL : 85.25 , 87.41
SUPPORT LEVEL : 79.66 , 77.37
Towards The Target UsoilIn my last idea about usoil i said usoil could fall from the resistance area as we saw its going to the target , when usoil broke the trendline and usoil was moving around the resistance and treanline it gave us a break out below the line and now towards the target
USOIL: Trend Analysis and Trading StrategiesCrude oil technical analysis
Daily resistance 83.4, support below 79
Four-hour resistance 81, support below 81.3-80
Crude oil operation suggestions: Last Friday, the overall oil price fell first and then rose, breaking through the 82.7 mark, and then fell back and bottomed out, breaking through the 81 mark and closing weakly.
The overall price showed a fluctuating upward rhythm. Today, the lower support continues to focus on the low point of 81 last Friday, and the upper pressure focuses on the vicinity of 82.5-82.7. If the upper 83.4 is not broken, continue to see the oscillation operation first, and if 83.4 is broken, the bulls will start
SELL:82.0near SL:82.40
SELL:83.4near SL:83.70
Technical analysis only provides trading direction!
Can Usoil Fall ?Last few week i was bullish on usoil now we are facing upper trendline resistance which is very strong trendline we have now and we also have selling area there what we can do is wait till monday and see what market will do if we see continous fall then we are seller on usoil and target will be around 81.50 and 78.50 and if we see break out above the resistance then we are bullish on usoil and target will be 92.00 to 95.00 .
USOIL NEXT MOVE POSSIBLE Us oil Breakout Of This Pattern We Have Best Buying Opportunity Amazing Don't Miss This Opportunity Around 81 Best Buying We Have Target UpTo 84 For More Updates About Usoil Stay Tuned
USOIL - Long from bullish order block !!Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to go a little bit lower to fill the imbalance and then to reject from bullish order block + FIBO 0.618 level.
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Usoil Target Achieved ! In my previous analysis on usoil i told that usoil is bullish and it can touch 83.38 now current price of usoil is 84.00 above
USOILOil analysis
Time frame 4 hours and 12 hours
Middle oil oil broke and stabilized its 12-hour trading range. Now it has formed a new 4-hour trading range, the supply and demand areas of which are clear in the picture. The price is expected to return to the limit of $80.7 and move towards the target of $84 by filling the FVG.
USOIL NEXT TARGET? Im bullish on USOIL from 72.00 level and my target is 83.38, now usoil again breaks the resistance and retested it what im looking is long till 83.38
