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Crudeoilshort

US OIL drops? Hey guys, hope everyone is doing great, we are going to continue our weekend analysis with USOIL in 30 minutes timeframe. as you can see, we are seeing the price is going through the Wyckoff accumulation on this particular timeframe. I am expecting the price to test the supply zone before dropping off to lower levels to mitigate the unmitigated demand zone that was left. Even though my short-term bias is bearish, I will be expecting to see the bullish trend since we have made the break of structure earlier on bigger timeframes. I will consider this drop as a mitigation for now.
CAPITALCOM:OIL_CRUDEShort
by mentfxtrader
Oil Trade AnalysisOil has reached an important price level, which will determine the trend for the following week (at the very least). From here I see only three possible scenarios, starting with the most likely one to occur. 1) Price pulls back from the resistance level, as I presume a lot of people will be shorting the high level of 25th October. Alternatively, it can consolidate in this area until all the shorts are absorbed. Then, it pierces through that level and blasts up. If you are breakout trader/investor, that would obviously be the moment to buy. I probably would wait for some pullback, just in case we see scenario 3, discussed below. 2) Price bounces off that resistance, consolidates for a bit and then drops down, in which case I am looking to open a short position. Pretty straightforward. 3) Fake-out, although most unlikely out of the three, still quite possible. A sudden spike up will trigger the stop losses of the short players and will invite the breakout traders to open their longs. A quick drop afterwards would kick the latter's stop losses and eventually you are left with a much smaller amount of participants in the move. This is one of those levels where you don't necessarily set a limit order, but wait and see how price reacts.
CAPITALCOM:OIL_CRUDE
by Quant_
Oil Short SetupOIL Weekly Analysis (Short) Currently price is in the upper part of an ascending channel, approaching a downtrend line. There's confluence of three levels here - the descending trendline, the ascending trendline of the current channel and a resistance level. I am looking for a short position in the $78-$79 area with a relatively tight stop loss slightly above $80. If price does break out from the downtrend line, then the last thing I would like is to short it. Target is set at the lower trendline in the ascending channel, somewhere around $72, depending on the time it will take the price to retrace back down. This analysis goes along with the one about $SPX500 , which I just posted. Since there's high correlation and I expect a retracement there, too, I believe we are about to see a pullback.
CAPITALCOM:OIL_CRUDEShort
by Quant_
US oil short position Bears are always welcome in the oil market, we have seen a huge rally for oil in April 2020, some producers have made a big reserve of production. we always see that the market has always to correct the direction allowing some associated to collect their profits, bulls out bears in. for the next period we find bearish news looming on the horizon, -Omicron is snappily getting the dominant COVID-19 variant in South Africa lower than four weeks after it was first discovered in the country, with theU.S. reporting its first case on Wednesday. -Some had speculated that OPEC+ could pause those additions in an attempt to slow supply growth, now expected to yield a surplus of 3.8 million BPD by March 2022, according to an internal report seen by Reuters. OPEC+ is likely to make its decision on Thursday. -The United States, in tandem with several other nations, announced plans in November to release 50 million barrels of its reserves into the market to try to cool energy prices. Retail gasoline prices have barely changed even as unfinished gasoline futures known as RBOB have dropped sharply. News resource ----------------------- theoilsellers.com reuters.com Our position ---------------------- Sell position on 63 $-64 $ ---------------------------- 73.20 $ -74.40 $ sell limit just in case the price reverses against our position before it continues falling ---------------------------- Targeting : 55 $-56 $ support area
TVC:USOILShort
by youssefallax
4
Oil Short SetupOIL Short Setup 🔵 Entry Level: $82.90 🟢 Take Profit: $78.42 (2.17) ⛔ Stop Loss: $84.96 Reasoning: 1) Currently an overbought level, expecting a slight cool down after which a new move up should follow, taking us to the entry target. 2) If this setup turns out to be valid, the price should print lower high on the indicator, while making a higher high on the chart. 3) Level is coordinated with previous support, which should act as resistance now. 4) Upper trendline on a descending channel.
CAPITALCOM:OIL_CRUDEShort
by Quant_
Oil Short SetupOIL Short Setup 🔵 Entry Level: $82.95 🟢 Take Profit: $79.49 (2.22) ⛔ Stop Loss: $84.51 Reasoning: 1) Yesterday's trades went as planned, unfortunately, I wasn't behind my desk to assess the volume and take them, but If you did, good for you. We are approaching the middle trendline, so I expect a small retracement after that point. 2) I am also expecting a divergence to form somewhere around the entry level. 3) Stop Loss is pretty loose since I want to give the trade some space to breathe With that being said, bear in mind the spread and the weekend fees, which may eat up your profits.
CAPITALCOM:OIL_CRUDEShort
by Quant_
Oil Short SetupOIL Short Setup 🔵 Entry Level: $84.72 🟢 Take Profit: $80.03 (3.58R) ⛔ Stop Loss: $86.03 Reasons: - I'm expecting the price to bounce off the first level (marked for a long position) and continue trending up until it reaches the upper trendline again. - So far the price has been respecting this ascending channel - I am not taking the long position, but I've marked it so that I have more confidence in my short if the price does behave in the above-described way
CAPITALCOM:OIL_CRUDEShort
by Quant_
OIL-CRUDE CHANNEL PATTERNHello Welcome to this analysis about OIL-CRUDE , we are looking at daily timeframe perspectives. OIL-CRUDE is developing here that will be a decisive factor in the upcoming times. I discovered the main formation OIL-CRUDE is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how OIL-CRUDE has emerged with this key channel pattern marked in my chart with boundaries. which is an important Support and also psychological support-mark together with the lower-boundary of the channel-formation a pullback In this manner, thank you for watching my update-analysis about OIL-CRUDE and its major channel-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
OLong
by shanechart
1
Friday: Crude Oil - Week 20There's a Complex Regular Flat in play right now. The structure is in a strong monthly/weekly up-trend and we are in the middle of a bigger continuation correction right now. Conclusion: - Bigger trend is up - We are making a Complex Regular Flat (continuation pattern) - The market is trending down on 4H and 1H timeframes - we are in the last wave going down to break the low Look for sell-setups. I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos 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 channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
TVC:USOILShort
by INotFancy