Steven_Maas

USOIL long term projection

FX:USOIL   Crude Oil (WTI)
ict
271 4 6
ict
  • Liquidity pools = green crosses
  • Price could continue drastic drop down because of lack of bullish orderblocks. The only possible bullish orderblock is at 36.6 - 37.10
  • Daily directional premise is bearish as price left a large void slightly under the monthly support
  • Weekly directional premise is still bullish
  • Liquidity options are only really attractive on the downside
dude you are too much bearish on this. i agree fundamentals not supporting but still oil cant go back below 35. just look at all the squeeze and buying when it hit 35. Personallyi feel at 37 it will take u turn. Lets see.
Reply
Steven_Maas JigneshRathod
Hi JigneshRathod, Thanks for the input! Well I didn't mention any fundamentals at all nor do I value the 'news' in my analysis. I'm only look at this on a technical basis and this, as far as my TA experience allows me to, is the endresult. Maybe I wasn't too clear about that but, IF at all a u-turn is about to happen like you say; indeed the only possible area I think it can happen is probably the 36-37 area indeed.
Reply
saif12 PRO Steven_Maas
:)
Congrats for your analysis
Reply
Thanks Saif12, very kind of you.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out