#usoilbuy
USOIL weekly Market overviewUSOIL each and every time gonna reach this 20 level gonna be an important support area and we had a nice bounce from that level ,I mean 20's is a very old good number we need to go back all the way toward areas around 2001 to see such a price level so that's why it was a critical area here
so BUY each and every dip toward this area because the risk and reward is amazing. we've got a nice trade on this first bounce from 20 we've got a correction and continuation now we are trading at around the 30 which is a key structure level at the moment because we have a structure
area here as far as there is no break above it. you may get one more leg to the downside otherwise if we see a break to the upside as i marked on chart then we may be going and gonna try to test previous high so then oil maybe start establishing some kind of bottom for the possible continuation. so as I said if we push higher and then keep an eye 30 level after that is the 42.50 that is the key major level that been tested there many times that got broken lately , but that depends on how the opec meeting on Wednesday gonna give us a glimpse of what to happen next.as for now the price is back above 200 moving average on 1 h time frame ,since the break below it never broke above it but now we saw that we had a break above it and correction and a continuation is on the way, so next move if we break higher keep an eye on 30 level.
USOIL bullish moveThe big fall of oil price is now moving in consolidation. If the price will breakout a 4H trendline and minor resistance area, then the price will go in bullish move
USOIL longAiming to get back to 30 area, but honestly I don't know how if it's even possible.... So this is also a small position. I may close this one half way up.
USOIL LONG TERM SWING SET UPBuy limit usoil
Entry 1 45.86
Entry 2 44.68
Sl 44.00
Tp.1 46.86
Tp.2 47.86
Tp.3 49.86
Tp.4 52.86
USOIl at the important support level!!The price is sitting at an important level since NOV 2018 and the price is expected to bounce from here, put low amount as it is a risk trade
USOIL LONG set upBuy usoil
Entry 1 50.86
Entry 2 50.42
Sl 49.10
Tp.1 52.20
Tp.2 53.40
Tp.3 54.68
Tp.4 56.00
Tp.5 57.80
usoil long set upBuy usoil
Entry 1 51.08
Entry 2 50.48
Sl 49.10
Tp.1 52.20
Tp.2 53.40
Tp.3 54.68
Tp.4 56.00
Tp.5 57.80
USOIL Possible BUY LIMITThis is a simple test idea.. Im not trading on this idea.
Do your own research before trading.
Please like and comment if you have some advice for me !
USOIL Weekly ForecastUs oil is currently at a major level of support around price 52.93. I also notice that it has touched this level 3 times so I’m expecting price to at least retest the trend line on h4 Time frame. If it breaks the trend line then retests as an area of new support I will open a long position until the next major resistance area which is around 60.69.
If price breaks support then I’ll open a short position after confirmation to the next major level of support around 43.56.
USOil / WTICrude - Buy NowYes Buy now.
USOil is in over bought situation in daily time frame.
1. Bottom bollinger band giving it a support to push up
2. Couple of time tested strong support at 51.04 price
3. 50 EMA is crossing the the middle bollinger band
4. Whenever RSI hit the 33.84 level price was retrace from that level
So we have few confirmation Buy USOil
Note: Trade at your own risk.
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US oil has rejected its support many timesRepsected followers, as we can see that US oil is rejected it's support level many times because seller try to let it down but failed. Buyers are coming in the market, so be ready for big profit.
USOIL possibility to bullishRespected followers, USOIL rejected its support level many times since last week. In this case we can assume that USOIL will go up from the current market price to defined price on chart. Reward ratio is too much big 1:10.
OIL is acummulating at the begining of the 5th bullish wave!!!Profit Target:
67.52
68.14
Stop Loss:
66.22
Have a nice day
US Oil LongWith the recent events in Syria, US crude oil inventories being reported lower than expected, and top it off OPEC's effort in cutting production together with Russia until December this year (previously only up to June 2018), as well as breaking the 65 resistance (as shown in the Daily Chart below), setting a limit buy order with TP @70-80 and tight SL @66.5 (might re-enter near 65 once bullish confirmation exists and if ever price bounces down this week).
oilprice.com
www.forbes.com
www.cnbc.com
uk.reuters.com
Daily:
Weekly:
Confidence: A (price might consolidate by the end of this week, but based on both fundamentals and technicals, it will more likely continue to be bullish in the succeeding weeks)
USOIL - intraday buying spotWas out from the last position after a sharp move down and now looking to buy inside the day using fibs + support + waiting for the false break .
Keep looking for the low risk high reward trades.
Best of luck :-)
CL Monthly Technical Outlook - 9th July 2016From a technical perspective, the oil price has turned quite interesting since the start of a new trading month. The chart below shows the monthly rolling oil contract chart where June’s price action closed in a doji. It gains significance following three straight months of gains. The monthly Stochastics also shows the hidden bearish divergence currently playing out, as prices form a lower (June) high at $51.66 and the higher Stochastics while, the higher (May 2015) high at $62.51 and the subsequent lower high in the Stochs.
In the near term, oil prices could remain range bound within 48/49 and 44/45 levels.
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