Brent Oil
CFDs on Brent Crude Oil
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Hy dear Members. Hope you all are enjoying Our ideas and Analysis. Now we are here to discuss about USOIL. USOIL is making Bear Flag pattern. It has maximum Chances that it will drop to the price level 52. Keep in touch we will update further soon.
Oil is currently stuck in a range, and is highly likely to breakout to the upside due to demand increases. Be careful of swap/rollover fees
October was phenomenally good for WTI oil trading. My last target for the long trade is lying on 60 level. Those who are looking for a short trade, focus on 60 - 61 resistance area . this area was respected multiple times by the market in the past and, in my view, it is the safest zone to sell. for now, it looks...
Hy dear Members. Hope you all are enjoying our ideas and Analysis. Now we are here to discuss about USOIL. USOIL has crossed the main trend line in daily chart. It has maximum Chances that it will drop to the Price level 52. Keep in touch we will update further soon.
Crude oil is one of the best performers during the last few month, There is no reason that make it go lower 69.5 is my target
Got a fantastic Risk / Reward opportunity for range bound price action. If the market starts to bounce within a range from this region then its possible to be very early on this trade and maximise profit, the benefit of this early entry is you can have a very tight stop loss. Let me know in the comments your thoughts.
USOIL BREAKOUT BOX - RANGE CAREFUL 4.11.2021
The analysis tell that usoil can go on correction phase.
On some suggestions it might fall short. It all depends on what the market does, It can change at any time. CAPITAL AT RISK.
We have a double bottom formed on US OIL and a change in structure. It's still early, however I'm hedging that we reach 65.00/Fri 2nd April. Analysis: Double Bottom Upward trend at present Rebound from sell pressure Short Term Conclusion: 62 by close on 26.03.2021.
Partials have been taken at each of our target levels. We can see nicely how price is drawn to areas of inefficiency and liquidity, filling the areas in before moving on. Price could reverse at this point after we have seen some mitigation to fill in new areas of imbalance found above price. As such, we are trailing our stop loss tightly.