✅A broken key structure level
Will reinforce our bearish bias on OIL
So I believe the price is set to move lower
To retest the target below
IF the said breakout happens
SHORT🔥
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Hello traders,
It is highly likely that USOIL could drop to 19.20 zone, and least likely for 17.35 but we have to keep that in mind!
Buy Stop @ 33.09
Trade Safe and don't over trade with big lot sizes if you're not confident enough!
Setup: Price has been testing the H4/H1 downtrend line failing to close above it, forming a triangular channel. We enter at the next bounce off the line, setting the SL at the previous high and TP at the psychological level of $54, with a possible extension to $53.11
Fundamental View: Oil prices fell almost 7% on Thursday, the most this year, as President Donald Trump’s threat to put additional 10% tariff on China hammered a market already tanking on disappointment over an inadequate U.S. interest rate cut. The fragile economy and looming oil supply surplus will almost certainly be exacerbated by the escalation of the trade...
This is the bearish scenario that we are following on the H1 chart. We want to see a break, small correction and then sell.
Final target would be the up trend line from the bottom.
First target – once bullish divergence forms. Cash out part one and set the Stop loss to break even.
Stop loss – above last high.
hi ya all. Little update for oil.
as we see, all storages of oil (WORLD) still full and pumping more and more out of the earth. Thats fundamental i see.
from TA
no change for me, still shorts.
lookin for sell at sell zones
flip zone is at first sell zone its risky but its possible sell there
TP - still 25, and after 20
if first zone with flip will be broken or...
