usoiltrade

We closed some of our USOIL positions in profit today. We have since entered a buy again as price action has retraced to 50/61.8 fib zone (blue). As a part of our strategy and risk management, we have set a stop 20/30 pips below red line with take profit on the green zone. USOI

Pair: USOIL Prediction: Buy Target 1: 52,40 Target 2: 53,00

USOIL found a good support at 61.8 fibonacci level. I'm expecting a uptrend target next structure.

Crude oil has found strong support at the yellow zone and we are predicting a bounce from here that will take us to our targets in the green. TVC:USOIL

Pair: USOIL Prediction: Short / Sell Target: 59,75

It has been a rollercoaster day and oil seems to have finally stabliased but don't take my word for it as oil has a mind of it's own. The yellow lines are my TP lines. Enter and exit at your own risk. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk

Price action has moved as we predicted since our last analysis. Major resistance was not broken and price action fell to start the completion of the crab pattern. We are continuing to trade the 4th leg of the pattern and our final take profit is set at the green zone. TVC:USOIL

Pair: USOIL Prediction: Buy/ Long Target 1: 64,00 Target 2: 65,00

Crude Oil is at a crucial point with price action reaching the yellow 70.8 Fib level zone which is a major weekly resistance. Here we are looking for a pullback in price action. The prior analysis with the AB=CD harmonic pattern is also still in play as a part of the strategy. TVC:USOIL

We see the completion of an ab=cd pattern on the 4 hr chart for Crude oil. The completion of the ab=cd pattern is in line with our short strategy and we have set our take profit on the green zone. TVC:USOIL

Pair: USOIL Prediction: Buy / Long (Longterm) Target 1: 65,50 Target 2: 66,50

USOIL is unable to push higher up. It has a weak foundation as support and we can expect it to drop further down below to find a good support before continuing its long term bullish trend, if still strong. Leave your SL above the last high for enough space to move before the breakdown below.

In my previous analysis I mentioned watch the top for a possible short, So Price action tested the top of the expanding channel, tried breaking out but failed, leaving a double top here. It has broken down the trend line so I am executing my shorts here. Trade Safe!

TVC:USOIL Time frame: 4 hours Trade idea description: Crude Oil have been trading in a multi-days expanding channel, so far it is just few points away testing the top of this channel. Over all trend is bearish and market is in a corrective structure, momentum on higher time frames is bearish as well, so keeping bigger picture in mind, i am waiting for this...

USOIL I told about oil long trend yesterday, and give two strategy for long position. If you didn't get on the train, focus on the 54.14~54.20. This trend will continue at least to 56.00. Support: 54.14~54.20 Resistance: 55.20 / 55.75 / 56.08 Like if you trade, make Ideas or comments with me :D

USOIL - Long till 54,50!

We are currently in a Bullish Wedge which means I expect a breakout to continue the Uptrend somewhere this week.

USOIL made a good rally up after making a 1,5 year low of 42.35. How ever I expect a small drop to around the Uptrend line. If the Uptrend line won't be broken we could see another pump to the Resistance level of ~54,20. To be updated