A rectangle comes out, the price breaks out soon.
A rectangle is considered to be a technical formation that typically identifies a bearish move in case if price breaks below support.
Decline towards 77.6 is about to happen on a break below 77.7 amid USOIL recedes from recent highs.
Crude Oil: Bearish Flag
USOIL,
1 hour
SHORT
Feb 23
It looks like a bearish flag has been diagnosed.
When price breaks down, the resulting move could indicate a bearish price move.
USOIL opens door for a move to the 78 zone.
Crude Oil: Ascending Triangle
USOIL,
1 hour
SHORT
Feb 23
There is an ascending triangle identified and the price asks for a next move as a clue of a breakdown.
Once price breaks below support, the resulting move could indicate the more likely potential of falling prices.
A bearish continuation to 78 is about to happen.
Crude Oil: Rectangle
USOIL,
1 hour
LONG
Oct 21
We can see that a rectangle arises and crude-oil demands a bit more consolidation as a verification of a breakout.
When price breaks through the resistance, the resulting move could identify the bears have run out of steam.
It is possible that a bullish run towards the 58 zone will take place.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
Oct 22
There is a descending channel turning up and crude-oil asks for a bigger move as a signal of a breakout.
A descending channel represents a compelling pattern that has a downward slope that is used to identify a further move up in case if price breaks out to the the upside.
Crude-oil does not rule out a move to 58.5 on a breakout of the descending channel.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
Oct 22
It looks like crude-oil shows a descending channel and the price demands an active move as evidence of a breakout.
A descending channel represents a reliable formation that is angled down that identifies reversals in downtrends if price breaks through the resistance.
Crude-oil to look for a further push to 58.5.
Crude Oil: Rising Wedge
USOIL,
4 hours
SHORT
Oct 9
A rising wedge is almost finished, the price is going to break out now.
A rising wedge indicates a sharp decline in case if price breaks through the support.
Crude-oil tests a move towards the 62 zone on a breakout of the rising wedge.
Crude Oil: Falling Wedge
USOIL,
4 hours
LONG
Oct 21
There is a falling wedge encountered, crude-oil demands a more steady move as a sign of a breakout.
If price breaks out to the the upside, the move could indicate that the price to go up.
Crude-oil to strengthen to 58 as uptrend may continue.
Crude Oil: Descending Triangle
USOIL,
1 hour
SHORT
May 30
A descending triangle is diagnosed and USOIL requests a bigger correction to confirm a breakout.
When price breaks out to the the downside, the move could predict that the price to go short.
It is likely that a move to 71 will occur on a breakdown of the descending triangle.
Crude Oil: Descending Channel
USOIL,
4 hours
LONG
Oct 21
There is a descending channel materializing, crude-oil requests next bigger push up as a sign of a breakout.
A descending channel tends to be a compelling price formation that often identifies a bullish move once price breaks above resistance.
Crude-oil to look for a further push to the 58 zone as the commodity is at a brink of a bullish breakout.
Crude Oil: Ascending Channel
USOIL,
1 hour
SHORT
Oct 11
It looks like the price establishes an ascending channel and the price is ready to break out.
An ascending channel often identifies an interruption of an uptrend once price breakdown occurs.
USOIL turns bearish to the 85.6 zone as indicators turn bearish.
Crude Oil: Ascending Triangle
USOIL,
1 day
SHORT
Oct 2
There is an ascending triangle detected, the price is ready to break out soon.
If price breakdown occurs, the move could predict a further move down.
Crude-oil to suffer further downside towards 61 as there is room for a downside correction.
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Crude Oil · USOIL