usoilforecast

Hey Guys, Simple Idea. Either one more up and then Breakout, or directly breakout from the actual point. - Idea simple. O realiza uno más arriba para caer abajo o rompe directamente desde donde está. Carlos

This is my personal view on USOIL. The price could be in a descending channel but there is nothing back it up on the lows. The buyers keep pushing the price up without any pullbacks and so far showing strong momentum. It is possible that the momentum will decrease as sellers starts to kick in but so far no strong sellers to be seen. Today USOIL did form a ...

As seen on Latest Trend of Bearish on USOIL, it show a Bearish continuation pattern, but in my opinion, this trend will sure hit the bottom deck of it. soon... In my "Prediction" the price action will push to resistance point on 47.00 , if break is seen here, it show the possibility of bullish, on 45.75-46.00 if its break below, then the bullish is false. but if ...

Pivot: 51.65 Preference: short positions below 51.65 with targets at 45.00 & 43.75 in extension. Alternative scenario: above 51.65 look for further upside with 53.60 & 55.00 as targets. Comment: as long as 51.65 is resistance, likely decline to 45.00. Supports and resistances: 55.00 ** 53.60 ** 51.65 *** 47.14 Last 45.00 *** 43.75 ** 42.10 **

USOIL - 4 H

In the energy sector, we have noticed a possible speculative short on crude oil as we expect oil to depreciate by -1.60% by the next week. In our opinion, sellers might put pressure on the actual price particularly near the intermediate resistance which might limit an upside move to no more than 6.80% from the last daily closing ...

Crude Oil moved higher last week but appears to be hesitating at current prices, just under 48.80 near-term resistance. There was a lot of selling preceding this recent upside reversal and plenty of resistance coming in overhead, so we wouldn’t be surprised to see price rotate lower in the coming days and weeks. We are looking for price action sell signals in the ...

Ascending triangular correction pattern. Entrance - from above, hence next move - down. SL 48.5 TP 42 48.4-48.5 strong resistance level on daily chart.

We had a sell signal from the system, so we know the general direction of the pair, and now we are facing a pullback after breaking support, will sell after the pullback is over.

USOIL for the next week, strong cross on conversion line (blue line), great US Data, MACD possible turn around, all in all OIL is entering a bullish trend.

Target $51.7-53

Cl is at its extreme within this upsloping median set and has made a higher low after reaching the pendulum median line. This offers a very nice long opportunity with a relatively cheap stop. Target 1: Coil (red box) Target 2: Expansion topside as projected by expansion downside from the coil. Target 3: Upper MLH

USOIL is in lower support zone. Although structure is following the trend nicely, will have to see if it break the support trend line. Trade with care Thanks!

TVC:USOIL

Description Inside

Pair Direction Time frame Entry Price Reason Stop Loss TP-1 TP-2 USOIL Sell Limit 4H 53.3 Fibo-0.768,Pressure Level 53.80 51.80 50.10 USOIL Sell Limit 4H 53.8 Fibo-0.768,Pressure Level 54.40 51.80 50.10 USOIL Sell Stop 4H 52.7 Break Support ...

At the moment, the level of $54- 55 plays the role of strong resistance. If the level breaks $ 55, then Crude oil can gather in the $ 63 zone.

UKoil 240min, clone-idea, short-setup before a new bottom $49ish ALT.1 (or ALT.2 $47ish). I will provide charts in smaller TF, for a possible up, move C > D, before turn down, move D > E. Just now, it's some BULL DVG, in all 3 indicators....