USOIL
Analyze
like we said from the previous idea the direction is down trend and price reached the last target
so now price reached the strong support line 73.14
so as long as price trade above it the price will try start correction and try to reach 74.29 , 75.14 , 76.43
and main condition to continue at the bearish zone is break and stable under 73.14 then...
Trade Idea: Selling WTI Crude Oil
Reasoning: Price action continues the trend lower. Bearish flag forming on hourly chart.
Entry Level: 73.73
Take Profit Level: 71.38
Stop Loss: 74.38
Risk/Reward: 4:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved...
so did some self introspection than I realized that no man I'm rushing the process, then I decided to re-analyze ,my position on this set pair. so looking at oil we approaching a sensitive area which will be the deciding factor of the direction will take, ill be looking for rejection than drop into my area of interest.
Hello,Friends!
Based on the technical analysis
And the recent minor fundamental news
USOIL looks bullish to me overall
I think market-makers will be pushing the pair up
That is why we are going long!
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As We anticipated Sells Last week from 81.50 Critical Supply Zone, we profited. Price moved just as expected. We were correct. In the Market when you are correct, you want to earn multiples of what you lose when you are wrong.. So you want to maintain good Risk Rewards Ratios and only take trades that are in line with your Bias. Because there were countless...
What's your current take on US Oil. This market seems to have really peaked my interest and I believe most of my profits this year will come from oil.
Just a quick breakdown of what I see potentially happening for oil.
✅CRUDE OIL will soon retest a key support level
So I think that the price will make a rebound
And go up to retest the supply level above
LONG🚀
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Main idea:
According to the weekly analysis, we expect a bear market.
In this case, there is a liquidity pool below 72.42 that can be defined as a first target. There is good support at 72.05, if the price can break this support, the price can fall to 67.5.
After collecting liquidity under 72.42, the price may have a short-term upward move. We can define...
Well here is our long-term view of crude oil.
As you can see, the price is in the downtrend and we expect a continuation of a bear market.
Bear scenario: In this scenario, we have 66.13- 69.544 as a key zone. The price should break down this zone and stay below. For this goal, the price can move upward till around 75 and then start the main decrease.
Bull...
With NFP adding 257k jobs last week Friday the greenback increased by 1.23% which correlated to further oil decline after supply stood their ground a week prior.
As price approaches a major support level at 73.58, a rejection would see buys towards 76.70-77.43 range if price fails to break 72.43
If 73.58 holds as a major resistance and price breaks 72.43, I see...
🛢️ USOIL Attention Strong Wave Of Declines
🛢️ Nearest strong support zone: around the bottom of the $70 level.
🛢️ Nearest strong resistance zone: around the fibo level 0.382 of the upward wave.
🛢️ Technical environment:
📊 Moving averages: Downtrend
📊 MACD: Downtrend
📊 RSI: Downtrend
🛢️ USOIL is again attacking in the south direction, it looks like this...
🛢️ USOIL Falling to Fibonacci Level 1.618?
🛢️ Nearest strong support zone: around recent lows.
🛢️ Nearest strong zone of resistance: around fibo level 0.382 of the upward wave.
🛢️ Technical environment:
📊 Moving averages: 50/50.
📊 MACD: Downtrend
📊 RSI: Downtrend
🛢️ Price Action: the current post is a direct follow-up to my yesterday's post on USOIL . This...
Please do not be misguided by seemingly detailed outlook. The path I drew is for illustration purposes of what might happen. Those who follow me know that I continiously reassess and adapt charts.
Wave 2 is too complex and rare combination to bet your life savings on. The whole thing can turn to be something else, but for know I choose to stick to this scenario....
pretty simple mark up for oil this Sunday...
From the NFP on Friday we put in a new low, from this low iam looking for a pullback to either our breaker block on the 15min or our extreme order block at our strong high (last high) not forgetting we have a large imbalance to fill!
Were currently in a demand if we break through we can see a newer move lower and...
Been net short and added into a few bounces on crude since we were at the highs.
We're at a big decision point now. If we can break lower I'd want to get short again from he same price we're at now.
Currently, we may be forming a butterfly low. If so, we should not get much lower than we are now. 1:6 RR from this spot long. Tend to have a min win rate of 35 -...
