📉 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.
We can see a possible down move continuation toward $97.00. After a break and retest.
USOIL is making LHs and LLs. Can Set SL1 at the confluence of declining trendline and FIB retracement level of 0.23. TP:1 is according to risk-reward. TP:2 is set as aggressive(AB=CD) on breaking the support of 93.53.
USOIL may continue downward trend based on following bearish indications on 4H candles 1. Making new Lower Lows 2. Downward trend-line still valid 3. Reversal from horizontal resistance at 116 & FR 0.236 Plan A Sell at 97 SL 104 (when it breaks trend-line) TP1 89 TP2 82 Plan B Sell at 88 (below next support level) SL 97 (FR level 0.618) TP1 82 (FR level...
📉 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..
Summer is approaching slowly but surely, and some might start to arrange their next holiday. Meanwhile, USO is already heading south and has a bit of island hopping planned. The first stop should be in the green zone between $68.62 and $66.43, where USO should finish wave 3 in green – and maybe drink a cocktail or two. Then, it should draw some breath in a short...
50 Crossing below 200. Lower Highs printing Broke below Support Currently trying to retest Expecting further downside after Prior Support Rejection S/R Flip.
USOIL - Nice butterfly pattern complete above strong demand, let's see what the FOMC brings, ill be looking for an accumulation on the LTF to take this long! 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...
⚠️ This idea is based on my technical analysis only. Do your research and trade on your own risk!
Biden's new policy of releasing preserved oil could be effective if the war finishes earlier. but it seems to be long run. Also the monthly candle is pointing out the edge high to upperside. This energy and circumstances will create new high for the WTI oil.
US oil making a nice symmetrical triangle. Short once it breaks the red ray Target is marked with green ray SL at 102
We have analyze last 12 years of USOIL data in the month of April. The data supports bulls as 8 out of 12 times the April month give bullish closing. While 4 times bears won the battle. The most important findout from the analysis is the behaviour of April. April seems to be reversal or it define top or bottom. During Covid-19 crash when the futures crude oil...
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.
📉 USOIL - Market Analysis for the upcoming week. What do you think ? Comment below..
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 EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. LOOKING AT THE USOIL * The ENERGY is currently trading in an DOWN-trend , just consolidated, tested the roof of this structure . - Short term the ENERGY is currently at the supply zone could go lower so looking for possible continuation with the bears. - Looking for SHORT entries on the THE CRUDE this...
USOIL / 1H Hello traders, welcome back to another market breakdown. The US is expected Release 1M Bpd Of Oil From Strategic Reserve Over the next 6 months which indicates a bearish bias fundamentally. From a technical view, check the chart for the 2 patterns that I'll be waiting for. Trade safe, Trader Leo
📉 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...