USOIL still holding from the resistance zone. dxy dropping to hard but oil is not bull. Maybe the price continue to drop lower low
USOIL MARKET BREAKDOWN USOIL had it's bullish pullback last week which took full advantage of and we now have a nice little trade running. Someone left a comment on my last post asking if it was possible to drop straight down instead of pulling back, this was a great and valid question. This person was correcting in mentioning that and my simple answer is plan...
USOIL ( 4H ) Currently in a downtrend we have last week price has just rejected this long-term resistance and has created a double top on the 4H. As the trend line is respected, we could see another drop in this instrument to the downside to the monthly support zone Thank you for visiting this idea, Press the like button if you enjoy :)
Hello traders! ⁉️This is my analysis on USOIL . Here we are in a bearish market structure, so I am looking only for shorts. I expect bearish price action from here as price reject from resistance + psychological price level 95.00. My target is sell side liquidity. Like, comment and subscribe to be in touch with my content!
Hello Traders, USOIL has been moving within a strong reversal structure since the end of June making multiple swing highs & lows indicating that we could see price breakout creating upside momentum soon or we could see a continue downward if price is unable to stay above the 90.40 level. If price impulsively breaks out of this reversal stucture, I would be...
Hey guys! We havent been to active but here we go again! We are taking shorts (swing trades) on WTI based on the current breakout + retest of the support turned resistance. Our Stops are around the 94.2 level while our Take profits are between 80 and 85, we will seek to compound the shorts as the market moves. We rarely take swing positions but couldn't...
My expectations are oil will Short from here. so let's see
We can see the aggresive selling in the play. Please wait for the hour close
Hello traders, USOIL could be rejected again from the resistance zone later in NY session. If so, the lower target zone 80.85-83 is possible for it to test. Winter is coming, but OIL still could not stop dropping. Maybe this is a support zone before winter. GOOD LUCK!!! LESS IS MORE!
TVC:USOIL There is a clear resistance at 90.00 that has not just been broken. We go to 80.00, if it breaks the support of 80.00 we will look for 70.00.
WTI has formed a daily doji on the last day of the trading week. After opening the new trading week we have seen so far a series of rejections with lower highs on the 4H. Last candle on 4H has formed a text book bearish engulfer with 20EMA retest and close back below. It is a high probability that WTI will continue to drop to the monthly support zone
Hello traders! ⁉️This is my analysis on USOIL . Here we are in a bearish market structure, so I am looking only for shorts. I expect a retracement to fill the imbalances above after the price reject exactly from bearish orderblock + psychological price level 96.00. Like, comment and subscribe to be in touch with my content!
Hello everybody, hope you're all well and welcome to our weekly market breakdown We missed out last week due to being away for sometime but all our members were given a PDF to follow during our time of absence. Now USOIL is showing it's true bearish form and this has been the case for a good while now. Last week I expected USOIL to close the gap before making...
While I'm not big on trendlines, there is one that has clearly been defining Oil's bullish structure. Once that line breaks, I see a quick path back to $62 as the first support lower. It might take some time to play out because Oil is oversold on low timeframes, but watch for this line to break as it'll make a great short over the coming weeks/months.
USOIL broke below its $90 major support that held price above since the beginning of this year after OPEC agreed to a small increase in oil production following calls by the U.S. and other major consumers for more supply. We can also notice that this key support marks as the neckline of the double top. I expect price to retest the broken support and continue...
USOIL (D) has broken out of daily support with a strong bearish engulfer. The price is already in a downtrend and it is possible that the price will drop to the monthly support level before creating upward movement. On the test of this previous support as resistance, if enough rejection is shown, a selling opportunity may arise. Press the like button if you enjoy...
US /oil short supply zone price action waves channel break out
👉 USOIL The main goal is to decline to support levels The emergence of an uptrend from a support level with a breakout of a downstream channel ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the comments! ❤️ I...