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Crude Oil · USOIL

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Crude Oil: Descending Channel

USOIL, 1 hour    LONG Jan 11
There is a descending channel forming and the price is close to breaking out now. A descending channel describes a useful bullish chart indicator that is used to indicate a next move up once price breaks out to the the upside. USOIL risks a move to 73 on a breach of 72.4 amid USOIL reclaims part of the ground lost.
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Crude Oil: Falling Wedge

USOIL, 1 hour    LONG Oct 19
A falling wedge is close to being complete. When price breaks above resistance, the resulting move could spot that prices are likely to keep rallying upward. USOIL tests a move to 87.5.
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Crude Oil: Descending Channel

USOIL, 1 hour    LONG Jul 7
There is a descending channel developing and the price is ready to break out now. In case if price breaks above resistance, the move could indicate a bullish price move. A bullish continuation towards the 72 zone looks probable as USOIL nears 71.9 hurdle.
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Crude Oil: Descending Channel

USOIL, 1 hour    LONG May 31
There is a descending channel discovered and the price wants a bit more consolidation as a signal of a breakout. A descending channel describes a compelling price action indicator that can be used to spot that the price to go long when price breaks through the resistance. USOIL does not rule out a move towards the 69 mark.
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Crude Oil: Descending Channel

USOIL, 1 hour    LONG Nov 28
As we can see a descending channel has been identified. A descending channel identifies a useful price action indicator that is used to predict a next move up when price breaks out to the the upside. USOIL could attempt a move towards 76 on a break above 75.7 as minor hurdle remains at 75.7.
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Crude Oil: Descending Triangle

USOIL, 1 hour    LONG Jul 11
USOIL sets up a descending triangle. A descending triangle results in reversals in downtrends in case if price breaks above resistance. USOIL to accomodate towards 73.6 once above 73.4 as the commodity becomes supported.
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Crude Oil: Ascending Triangle

USOIL, 1 hour    LONG Aug 29
We can see that an ascending triangle is observed and the price calls for a more bigger move for clear breakout confirmation. An ascending triangle tends to be a useful price action signal that often predicts that prices are likely to keep rallying upward if price breaks above resistance. A further bullish move to 80.6 is probable on a breach of 80.5 as the commodity nears 80.5 hurdle.
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Crude Oil: Ascending Channel

USOIL, 4 hours    SHORT Jan 31
It looks like an ascending channel turns up. An ascending channel is said to depict an indicator that spots a bearish move in case if price breaks out to the the downside. USOIL to slump to 76.
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Crude Oil: Falling Wedge

USOIL, 1 hour    LONG Oct 13
It looks like the price develops a falling wedge and USOIL wants more steady push up as a clue of a breakout. When price breaks out to the the upside, the resulting move could spot that prices are likely to keep rallying upward. A rangebound towards 84.5 about to be made.
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Crude Oil: Ascending Channel

USOIL, 4 hours    SHORT May 25
It looks like USOIL sets up an ascending channel and the price calls for more push down as evidence of a breakout. An ascending channel can be thought of as a compelling chart indicator that can be used to predict a bearish price move in case if price breaks out to the the downside. There is a chance of a bearish run to 71.
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Crude Oil: Descending Channel

USOIL, 1 hour    SHORT Apr 19
It seems like a descending channel has been encountered and the price is breaking out. A descending channel describes a reliable formation that typically indicates the more likely potential of falling prices in case if price breaks through the support. USOIL risks extending drop towards 80.2 on a breach of 80.3.
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Crude Oil: Descending Channel

USOIL, 1 hour    LONG Aug 8
There is a descending channel revealed. When price breaks out to the the upside, the resulting move could predict that the price will rally further. A move towards 81.5 looks possible as USOIL becomes bullish.
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