I think we will see another new high within the ongoing correction in the form of the orange z at the beginning of next week. Subsequently, the price should fall to the 1.00. Only afterwards, the rally could continue and WTI form a multi-year high in the area of $ 137
we still continued from the last analysis to reach level of 128 again, but now we have reached a strong resistance that gives us an opportunity to sell with the correction until retest112
Holla, Do you agree with my chart analysis? I expect a pullback until my sell line. My plan is to wait for candlestick structure as a confirming catalyst before opening a position. Checklists; 1. Price must touch my entry zone 2. Price bar (4hr) must close below my zone after touching my entry zone. 3. i want to see candlestick pattern ( mostly pin bar or...
USOIL has been taking support from a long-term rising trendline. The oil is also trading in short-term bullish parallel channel. We are expecting a breakout above 115 for an upside target of 130. Alternatively, horizontal support is present at 96. which should be used as a strict stop-loss. A break below the level will be all over for the bulls.
I have high lite the resistance zone which I think is best to sell the crude oil.
USOIL ENTRY OPPORTUNITY Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you...
Hi Today I present you USOIL. In the following days there will be a great opportunity to take short.
USDWTI H4 Saw a nice hold up on the D1 yesterday on a clear area of daily resistance. Interested to see if this is the point of reversal, we have had a nice trading range for the best part of two months here. Stops to cover wicks dated back to March 21. 6.5R trade to take us down to $95 as mentioned yesterday.
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USOIL - Crab complete in strong HTF supply zone, break in momentum, have a confirmed entry on the LTF, SL is above the current daily high, i'm looking to trade the retracement after the BOS yesterday. Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher...
Rising wedge on the higher timeframe, price is currently touching the resistance level of the wedge which is the best place to sell from once the bears show up. If the bears do no show up I will be looking for a break and a rest of old resistance as new support then I will get in for a buy. However I would prefer to sell UsOil as I would be selling high.
USOIL 4 hour downtrend channel and waves abcde 3 touched i waiting for sell confirmation target 91$ last week is bullish next week bearish week ;) look guys weekly candle closed doji candle
US OIL MARKET BREAKDOWN USOIL returned higher as expected but before hand it dipped lower than expected. Things got a little rocky at the start of the week where we original longed at 103.60 which took us out fairly quickly. USOIL dipped even further and we were able to enter at 99.20 and then exit our trade at 109.00 around 6 hours ago for a massive 980pips...
Looking at the hourly chart, the pair is trading in a corrective move after a five-wave decline from 110.33 to 97.57. The correction could be done at 105.02, which is just shy of the 61.8% retracement that comes in at 105.45. In case of a break above, the correction could have one more leg higher. With that said, as long as we trade below the 110.33 resistance,...
WTI is considering to be bearish in short term. I don't mean this momentum will create bearish cycle to crude oil. EU is dealing with Hungarian government to do sanction for russian oil. Only matter of time to close the deal. But it will go down until it makes perfect negotiation. MACD is also decreasing. Target to 97-98 around. I will analyze again as...
Cant explain analyze but i think this how its gonna go. target three equal lows.
Waiting for it to go higher and then go short if i get good bearish reaction from my wanted level. First target is 98$ second one 95 and last one 92. But i will take my profits at 98
USOIL - Shark almost complete, wanting a pullback into that 1H supply zone/imbalance before looking for continuations down to the D point! Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very...