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Crude Oil · USOIL

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Crude Oil: Rectangle

USOIL, 1 day    LONG May 28
There is a rectangle spotted, the price is breaking out. A rectangle often indicates that the price to go up when price breaks out. There is a chance of a bullish push up towards 70 while above 67 as outlook for the commodity stays positive.

Crude Oil: Descending Triangle

USOIL, 4 hours    LONG 39 hours ago
It looks like a descending triangle is nearing completion and USOIL needs a further active move as an indication of a breakout. A descending triangle identifies a reliable bullish pattern that has a downward slope that is used to predict a temporary interruption during a falling market when price breaks out to the the upside. USOIL to extend its rebound to 73 as the commodity nears 72.5 hurdle.

Crude Oil: Descending Triangle

USOIL, 1 hour    LONG Jun 15
A descending triangle has been exposed and USOIL expects a next bullish impulse to confirm descending triangle breakout. A descending triangle suggests a pattern that often indicates the bears have run out of steam when price breaks out to the the upside. It is not ruled out that a move towards 71.4 will form as the commodity probes 71.2 hurdle.

Crude Oil: Descending Triangle

USOIL, 1 hour    SHORT Jun 10
There is a descending triangle forming, USOIL requests fall as an information of a breakout. When price breaks out, the move could indicate the bulls have run out of steam. A bearish run towards the 69.2 mark is on the cards.

Crude Oil: Falling Wedge

USOIL, 1 hour    LONG May 11
A falling wedge emerges, USOIL requests next rise to confirm a breakout. A falling wedge denotes a bullish chart pattern that can be used to indicate a move up when price breaks above resistance. A rangebound to the 65.5 zone is about to happen.

Crude Oil: Falling Wedge

USOIL, 1 hour    LONG Jun 8
There is a falling wedge observed, the price expects a next steady move to confirm falling wedge breakout. A falling wedge is believed to be a chart indicator that identifies a bullish move once price breaks out to the the upside. USOIL to look for a further push towards 69.2 as USOIL nears 69 hurdle.

Crude Oil: Rectangle

USOIL, 1 hour    LONG May 4
There is a rectangle diagnosed, the price is close to breaking out soon. If price breaks through the resistance, the move could signal extending an uptrend. There is a probability of a bullish run to the 65.5 mark.

Crude Oil: Ascending Triangle

USOIL, 1 hour    LONG 2 days ago
We can see that an ascending triangle is close to being finished, the price asks for next strong rise as a verification of a breakout. If price breaks out, the resulting move could spot an extension in the upward direction. USOIL hints a change to the upside to the 73 zone on a break above 72.2.

Crude Oil: Bullish Flag

USOIL, 4 hours    LONG Apr 23
There is a bullish flag poping up. When price breaks out to the the upside, the move could predict a move up. USOIL dives out bearish trendline towards 64 on a upside break.

Crude Oil: Symmetrical Triangle

USOIL, 1 hour    LONG Jun 3
The price composes a symmetrical triangle, the price needs a move as a clue of a breakout. A symmetrical triangle is believed to be a compelling chart signal that often results in a sharp rise if price breaks out. A bullish move to the 69.2 level is likely to happen as the commodity is at a brink of a bullish breakout.

Crude Oil: Descending Triangle

USOIL, 1 hour    LONG May 11
A descending triangle occurs. A descending triangle describes a formation that typically indicates an extension in the upward direction in case if price breaks out. It is possible that a further move towards the 65.5 level will be made on a breach of 64.8.

Crude Oil: Ascending Channel

USOIL, 1 hour    SHORT May 12
As we can see an ascending channel is very close to being completed, the price is about to break out now. An ascending channel describes a bearish price action pattern that can be used to spot an interruption of an uptrend in case if price breaks through the support. Corrective downside towards the 64.5 mark is probable on a breakout of the ascending channel.
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