Decoding USOil Trends

28 jun

Hello traders,

Here, I aim to decipher the trends of USOIL across all timeframes.

On the weekly chart, a cup & handle pattern is evident, with $84 serving as the pivotal price. A clear breakout on the daily timeframe could signal a bullish stance for USOIL.

First target: $94
Second target: $109
Stop-loss: Close below $72 on a daily basis.

I'll keep you updated as the situation evolves.

Best of luck

28 jun

Nota

If the sideways scenario unfolds, we will monitor the breakout of the triangle pattern.

28 jun

Nota

From a sinusoidal wave perspective, we anticipate a bullish wave until November 28, 2024, following the US presidential election. I believe the newly elected US president will likely have international matters to address.

28 jun

Nota

Here is 1H timeframe chart, I think the bullish wave is targeting 84$

1 jul

Nota

this chart for Aramco support the analysis of bullish trend till the end of 2024

2 jul

Nota

First target 🎯 reached

13 jul

Nota