We can see that a pennant develops, the price is ready to break out soon.
A pennant often spots extending an downtrend in case if price breaks below support.
USOIL now looks towards 74.
Crude Oil: Descending Channel
USOIL,
4 hours
LONG
May 17
There is a descending channel spotted and the price is ready to break out soon.
A descending channel identifies a technical bullish price formation that can be used to identify a further move up when price breaks above resistance.
USOIL to enjoy a considerable gain to the 73 zone.
Crude Oil: Rectangle
USOIL,
4 hours
SHORT
Dec 28
A rectangle occurs and the price is about to break out soon.
A rectangle can be thought of as a compelling price pattern that spots a bearish move once price breaks down.
USOIL accelerates losses to 73.
Crude Oil: Pennant
USOIL,
1 hour
LONG
Sep 12
We can see that a pennant arises, the price is breaking out.
A pennant often identifies that the price to go up in case if price breaks through the resistance.
USOIL now looks towards 87.6 on a break above 87.45 as bullish momentum increases.
Crude Oil: Symmetrical Triangle
USOIL,
1 hour
LONG
Jul 28
A symmetrical triangle is exposed, USOIL wants an active bullish move for the certainty of breakout.
A symmetrical triangle identifies a reliable chart signal that often results in that the price will rally further once price breaks out.
A rangebound to the 80.2 mark is on the cards as the commodity becomes bullish.
Crude Oil: Ascending Triangle
USOIL,
4 hours
LONG
Aug 29
USOIL sets up an ascending triangle.
An ascending triangle represents a reliable pattern that is used to predict an extension in the upward direction if price breaks above resistance.
USOIL to jump to 81 on a breakout of the ascending triangle.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
Mar 1
Crude Oil: Falling Wedge
USOIL,
4 hours
LONG
Sep 23
A falling wedge is noticed.
A falling wedge denotes a specific bullish price pattern that signals a potential bullish reversal in price action if price breaks above resistance.
There is a chance of a bullish push up towards the 63.5 mark while above 63.4 as crude-oil becomes bullish.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
Sep 23
A descending channel appears.
A descending channel is said to depict a compelling pattern that is angled down that can be used to signal a next move up in case if price breaks out to the the upside.
Crude-oil tests a move towards the 63 level on a breach of 62.7 as the commodity becomes bid.
Crude Oil: Pennant
USOIL,
1 hour
SHORT
Nov 22
A pennant materializes, USOIL needs an active move as evidence of a breakdown.
A pennant is considered to be a useful bearish price action indicator that is used to identify that the price to go down if price breakdown occurs.
USOIL does not rule out a move to the 77.5 mark on a breakout of the pennant as the commodity becomes offered.
Crude Oil: Ascending Triangle
USOIL,
1 day
LONG
Jun 7
Crude Oil: Falling Wedge
USOIL,
1 hour
LONG
Sep 14
There is a falling wedge exposed.
Once price breaks out, the resulting move could signal that prices are likely to keep rallying upward.
There is a possibility of a bullish price action to the 89.2 level on impulse above 89.1 as extra rangebound not ruled out.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Crude Oil · USOIL