Hi there, Oil preparing a big move to the downside, since March 2020 lows we are on a new trend, completing the 3 wave we go for the big correction to the downside, Long term, Oil still a buy, but for now look for shorts only. Watch price action in lower timeframes to go short, Good luck
On April 20,2020 Oil went in the negative, so we started our Elliott wave count, from that date.
Crude oil prices pulled backed slightly overnight after a US report showed a large build in stockpiles. The American Petroleum Institute (API) reported a 5.213 million barrel build for the week ending October 8. That is the third weekly inventory build reported by the API. Energy traders will shift their focus to the upcoming Energy Information Administration’s...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Looking for a short on USOIL soon. Might happen today or next week. Trade with care
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
The energy benchmark had previously benefited from the Organization of Petroleum Exporting Countries, Russia, and its allies, known as OPEC+, decision on Monday. According to Reuters, the oil cartel reaffirmed a previously agreed accord in which 400,000 barrels per day (BPD) will be added in November. “An OPEC+ source told Reuters soon before Monday's ministerial...
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
USOIL Technical Analysis & Trading Idea for 4-8 October 2021
Two scenarios on which i plan to take longs. Scenario 1 (orange arrow): Enter on an engulf, reclaim of the orange level. Scenario 2 (blue arrow). Support level held and creating higher swings. Both aiming for the target at the blue line which is based on a weekly supply level. Dont forget: - Watch your Risk management - DYOR (Do-Your-Own-Research) - This...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ On September 13 I posted an idea explaining how the USOIL was close to a breakout and that you should keep your eyes on the market for the next few days, and posted 2...
hi traders and followers.. i wish u all the best in your trading so this is my trade plan for this week. For those who are unfamiliar with the trade plan and structure, please see my earlier post. Oil is trading higher after breaking over previous barrier and setting a new high on the daily TF. we had 2 open position long for oil started $67.63 and again...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
Clear indication of sell. I will try by all means to keep posting more analysis, keep dropping likes and commenting.
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
US OIL has recently broken through a bearish trend and about to finish a confirmation pullback before potential going bullish.I will look for buy opportunities from here on.