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Crude Oil · USOIL

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Crude Oil: Descending Triangle

USOIL, 4 hours    LONG Nov 28
USOIL completes a descending triangle, the price breaks out. A descending triangle depicts a price formation that often identifies a bullish price action in case if price breaks above resistance. USOIL to extend its rebound towards 77 as indicators favor bulls.

Crude Oil: Descending Triangle

USOIL, 1 day    SHORT Nov 1
We can see that a descending triangle has been diagnosed, the price breaks out. In case if price breaks down, the resulting move could identify the bulls have run out of steam. A move towards 80 about to be made on a breach of 82.

Crude Oil: Descending Triangle

USOIL, 1 hour    SHORT Nov 6
There is a descending triangle arising and the price is ready to break out. A descending triangle denotes a technical price formation that predicts a next move down once price breakdown occurs. It is possible that decline to 80.5 will form on a breach of 80.7.

Crude Oil: Descending Triangle

USOIL, 1 hour    LONG Jul 20
As we can see a descending triangle is close to completion, USOIL requests a further move as an information of a breakout. A descending triangle describes a signal that often predicts a sharp rise once price breaks above resistance. USOIL to recover bullish potential to the 76 mark on a breach of 75.8 as the commodity nears 75.8 hurdle.

Crude Oil: Ascending Channel

USOIL, 1 hour    SHORT Jun 19
An ascending channel is found and the price is ready to break out soon. An ascending channel identifies a sharp decline in case if price breakdown occurs. USOIL risks extending drop to 70.5.

Crude Oil: Ascending Channel

USOIL, 1 hour    SHORT Mar 7

Crude Oil: Rectangle

USOIL, 1 hour    LONG Nov 28
As we can see USOIL completes a rectangle and the price calls for a bigger move to confirm rectangle breakout. Once price breaks through the resistance, the resulting move could spot that the price to go long. A bullish move towards 75.8 is on the way.

Crude Oil: Descending Triangle

USOIL, 1 hour    SHORT Mar 9
There is a descending triangle occuring, USOIL calls for a next steady move for clear breakdown confirmation. A descending triangle tends to be a price action indicator that typically results in that the price to go down once price breakdown occurs. USOIL to push down to the 76.2 zone on a breakout of the descending triangle.

Crude Oil: Descending Triangle

USOIL, 1 hour    SHORT Sep 25
It looks like the price builds a descending triangle, the price is going to break out. A descending triangle is said to depict a price action formation that is used to signal that the price to go short when price breakdown occurs. USOIL could drop to the 89.4 level.

Crude Oil: Descending Channel

USOIL, 1 hour    LONG Jun 13
It looks like the price establishes a descending channel and the price is going to break out. If price breaks through the resistance, the move could predict a potential bullish reversal in price action. USOIL aims to complete a retracement towards 69 on a breakout of the descending channel.

Crude Oil: Rectangle

USOIL, 1 hour    SHORT Jan 2
There is a rectangle exposed and the price expects a move as a sign of a breakout. A rectangle signals extending an downtrend in case if price collapses through the support line. It is not ruled out that a bearish continuation to 71 will be made.

Crude Oil: Ascending Channel

USOIL, 1 hour    SHORT Jun 27
There is an ascending channel spotted, the price expects a more active move as proof of a breakdown. An ascending channel often predicts a change in the prevailing trend in case if price breaks out. USOIL challenges a move to the 69 zone while lower than 69.15.
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