A bearish rectangle is close to being finished, the price is breaking out.
A bearish rectangle depicts a bearish pattern that can be used to spot extending an downtrend in case if price breaks out to the the downside.
USOIL risks further downside towards the 73 level on a breach of 73.1.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
Aug 18
There is a descending channel noticed and the price is breaking out.
If price breaks through the resistance, the move could predict price reversal after a pause.
There is a chance of a bullish price action towards 80 once beyond 79.7 as there is a chance for a upside correction.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
Mar 20
The price composes a descending channel.
A descending channel often signals a downward trend is nearing its end if price breaks through the resistance.
USOIL to move up to 67 on a upside break.
Crude Oil: Rising Wedge
USOIL,
4 hours
SHORT
Nov 15
A rising wedge is very close to being completed.
Once price breaks out, the move could spot a move down.
USOIL to plummet to the 78 zone.
Crude Oil: Descending Channel
USOIL,
1 hour
LONG
Jun 15
As we can see a descending channel develops and USOIL needs a further bullish continuation as an information of a breakout.
A descending channel suggests a useful bullish price signal that is used to indicate a tendency to break in the opposite direction if price breaks above resistance.
There is a possibility of a bullish price action towards 70.5.
Crude Oil: Falling Wedge
USOIL,
1 hour
LONG
Sep 26
A falling wedge has been revealed.
A falling wedge is believed to be a useful indicator that often identifies a bullish price action if price breaks above resistance.
USOIL targets a move towards the 89.5 mark.
Crude Oil: Bullish Flag
USOIL,
1 hour
LONG
Oct 17
A bullish flag has been found.
A bullish flag provides a reliable bullish formation that has a downward slope that typically signals a bullish price move once price breaks out to the the upside.
There is a chance of a bullish push up to the 87 mark on impulse above 86.8.
Crude Oil: Bullish Flag
USOIL,
1 hour
LONG
Aug 8
We can see that a bullish flag is uncovered.
A bullish flag typically identifies that the price to go long when price breaks through the resistance.
There is a probability of a bullish run to 82.5 as USOIL is at a brink of a bullish breakout.
Crude Oil: Rectangle
USOIL,
1 hour
LONG
Oct 13
A rectangle has been spotted and USOIL asks for next strong rise as an indication of a breakout.
A rectangle denotes a useful bullish price action indicator that can be used to identify an extension in the upward direction in case if price breaks above resistance.
A move to 85 looks possible as USOIL nears 84.8 hurdle.
Crude Oil: Ascending Channel
USOIL,
1 hour
SHORT
Aug 22
An ascending channel has been spotted, USOIL wants a further bigger move as proof of a breakout.
An ascending channel is said to depict a specific bearish price action indicator that often predicts a bearish price action when price breaks through the support.
USOIL to slide to 80 on a breach of 80.2 as the commodity challenges 80.2 hurdle.
Crude Oil: Symmetrical Triangle
USOIL,
1 day
LONG
Jul 8
It seems like a symmetrical triangle is detected.
A symmetrical triangle can be thought of as a chart indicator that can be used to spot that the price will rally further in case if price breaks out.
USOIL risks a move towards 74 once beyond 73.
Crude Oil: Symmetrical Triangle
USOIL,
4 hours
SHORT
Apr 18
A symmetrical triangle appears.
A symmetrical triangle represents a reliable price pattern that identifies extending an downtrend when price breaks through the support.
It is likely that a rangebound towards 80.5 will take place.
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Crude Oil · USOIL