USOIL moved volatile today with rallies to highs then a 400 pip pullback, Tensions in Russia are still raw and Ukraine have begun attacking petroleum sites on Russian soil which is a very brave move. The fall today was influenced by the DXY reversal albeit it isn't 100% influenced by it.
I mentioned weeks ago that $185 dollars a barrel is my target for USOIL and...
USOIL - MARKET OVERVIEW
At the start of the week USOIL came look bearish but made a great recovery and pushed to the upside before a classic weekly closing sell off. It's important to focus on the higher time frames right now as we can see USOIL made a new higher low but failed to make a new higher high and was met by a strong resistance area and even had a fake...
two possible way
I. retest and then go up ,short term target is previous high
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II. go up and gone
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This is Not Financial Advice
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🧅JUST AN OPINION OF THE ONION.🧅
we are reached bearish OB
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it's a good opportunity to open short position
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target will be those OB
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This is Not Financial Advice
.
🧅JUST AN OPINION OF THE ONION.🧅
Expecting bullish price action on USOIL as price makes a rejection move from 95.00$ price area bullish orderblock both on H4/D1 + weekly lows that has been raided meaning a lot of stops were liquidated, i think we will see buy side liquidity being hit this week if we have enough volatility.
What do you think ? Comment below..
We know how istitutions and people in general are moved by emotions, and chart partherns most of the time
will USOIL behave in the same way?
There are few events in the Economic Calendar for the next week previewing a rally on the dollar, which may cause Oil prices to plunge a bit
We could see 3 global square range at the Oil chart for last 10 years. I call it Support, Resistance and a Transit zone. You could see that we have successfully leaved Support zone (so, no Oil shorts any more) and follows to the Transit zone. There are 2 main options now - to push off from it and return to Support zone or to come inside of it. If we come inside of...
📉 Expecting bullish price action on USOIL as price takes out sell side liquidity below weekly lows 93.90. I think the strucutre will shift from bearish into bullish from there and we will see 106$ level hit asap
What do you think ? Comment below.
📉 Expecting bullish price action on USOIL as price takes out liquidith below the weekly lows + rejects a bullish orderblock area on H4. We are bullish from a fundamental perspective in my opinion. The targets for this week if we have enough volatility would be somewhere around buy side liquidity area 109.000 old highs liquidity.
what do you think ? Comment below..
So Biden is saying that they’re going to release oil into the US market for the next 6 months.
So what that tells you is we’re going to be selling usoil for the next 6 months. Coming Monday you’re gonna have its retrace.
And it’ll come up once and this is going to be your base period pattern on the daily for the next 6 months.
hello guys , short term at least Short opportunity I am seeing in USOIL , be careful with your risk / money management before getting into trade
this is not any financial advice, trade at your own risk
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.
📉 Expecting bearish price action on USOIL as price takes out weekly lows and fills a bullish imbalance on the H4, we have a clear bullish market strucutre from a HTF premise on this chart and we should go higher somewhere around 120 price area where we have a lot of bearish imbalances.
From a market seasonality stand point we are in a CLEAR BULLISH SEASONALITY...
USOIL_H1_H2_H4 Multi Time Frame Head & Shoulder Breakout Posible Bearish Reversal, Share your opinion in comments, if you like my idea follow me. Trade your own style and manage your trade your own risk. thank you...
