Oiltrader
USOIL Multi-timeframe Analysis! Understanding the Market!
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Its highly bullish since the market negative values. Look at the monthly time frame its a perfect breakout off the key level which can be considered as the major one on the market. Now we should be waiting for a perfect retracement to be done on the key level and look back for longs towards 200EMA resistance or upper key level hanging around $42. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
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Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
USOIL Multi-timeframe Analysis! Understanding the Market!Welcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
Its highly bullish since the market negative values. Look at the monthly time frame its a perfect breakout off the key level which can be considered as the major one on the market. Now we should be waiting for a perfect retracement to be done on the key level and look back for longs towards 200EMA resistance or upper key level hanging around $42. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
⭕️ ✅ Scroll Down 👇 ⬇️ to signature section for 📲 contact details 💰💰💰
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
Brent 50 or 12 dollar?The longterm trend in oil is weak, Gov bond around ATL signaling low inflation/low growth.
12 dollar would be a retest of the 1999 low, and a new millennial bottom.
You could also argue that the worst is over in oil and tripple bottom is in play at 20.
Or we hit 50 dollar and the longterm trend has turn for now.
Probabillity leaning towards the downside since we are in a downtrend 60/40
if more downside, target would be at 23 and 20, but with an "option" of 12 dollar
What do you think?
The SNIPER - 60% profits, 2 shots.Hello guys! Ok, so our trade just hit its target and gave us a nice profit! Congratulations for those who did catch this trade with us! If you missed my last call on UKOIL the link to my past analyses are below (chronological order, since my first call), and you are free to check them for more details about our trades.
In any case, I’ll sum up for you. Our first trade was triggered by this piercing line pattern, and it gave us about 45% profits. Then, I said I would wait for the next pattern to appear, and this pennant was calling my attention. Our second trade was triggered when it breaks out from this pennant , and it hit our main target today, which is this green line at U$ 36.16, which gave us about 15% profits.
Our profits were around 60%, and that’s not an exact number, because my trading style is flexible, and you could’ve done these trades a little differently than me, and I find this very good, because you can adapt it to your personality. Now, I see you’re still reading this, so in this case you must find what I’m saying a little interesting, otherwise you wouldn’t still be here, right? Then please, remember to support with your like and I invite you to follow me to keep in touch with our trades and analyses. I’m every day here, and I’m sure you’ll find something useful to you!
There’re more conservative traders and some are more aggressive, and sometimes we feel more conservative or aggressive, and this makes the difference, because what truly matters is how do you feel about the market. In my case, I profited 62% from these trades. In my past analyses you’ll find much more details about our trades, so, check them if you want (again, the links are below).
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Our second trade in UKOIL!Hello everyone! It’s been a while since I don’t update you my oil trading, so here we go. This trade is going very well, thank you very much, and this pennant was the pullback I was waiting since I booked my profits of our last oil trade. If you missed my last call, the link to them are below. Our trade gave us 45% profits, and I invite you to follow me to keep in touch with our trades and analyses. My TWITTER has some interesting stuff too, go check it there, you will understand better how I trade and how I see the market!
As I said in my last analysis, I was waiting for a bullish pattern to confirm my views, and it happened. The price found support at the purple trendline and at one of its previous bottoms (thin red line), and did a triple bottom, a good bullish sign. If you are not entirely comfortable trading the hourly chart (like me), you could’ve bought half of your position using the hourly chart, and the remaining half using the daily chart. Speaking of daily chart, here it goes:
And here’s the confirmation a conservative trader wanted! The closure outside the pennant was the ultimate sign, and that’s the point we enter again. Or you can be even more conservative and wait for the price violate the last candle’s high to buy your remaining position, and that’s what I like to do with oil (I don’t like to do that with stocks because they gap a lot). Now, the UKOIL trade 2 is on!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Shorting June 2021 - Dec 2020 ContangoIt looks like there's a good opportunity coming up on this one. Selling into strength seems reasonable.
SCOI think this is what we are working with here Fam, I'm still long since $37 moved my SL back to $30 thinking to move it back to $28 incase a capitulation wick hits..
Oil --- Broke channel UP!THis broke the channel. I expect some shorts to cover and Buyers over the weekend.
Longing some here
Mission: UKOIL 2Hello guys, it’s been a while since I post an analysis here. Since our last trade I decided to take a break from UKOIL and wait to see if it was going to do something interesting again. We had about 45% profits from our last trade, and if you missed my last call in UKOIL check the links below, all the details of our trade will be there. Also, I invite you to follow me to keep in touch with our trades and analysis.
Now UKOIL is doing an interesting pattern here, which is a pennant , a bullish pattern (at least in theory). After such a bullish movement, is natural for the price to enter on “the sleep mode”, and it’ll hardly do anything interesting once it’s sleeping. Now, there’s a chance UKOIL will wake up again, and if this pattern is triggered, I’ll buy it again .
Let’s look at the hourly chart as usual:
The price is dangerously under the purple upward trendline but that’s ok, in my opinion the previous supports are more important right now, and they are evidenced by the thin red lines draw on the chart.
Now, let’s see the weekly chart:
The price is far from the 21 ema, and it might help the price to go up too, and if the Pennant is triggered it’s plausible that UKOIL could hit the U$ 36 again, which is our main target in the daily chart.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
USOUSD OIL BULLISH TO 24.68 to 32.88| 5th May 2020"How Malaysian people can predict the oil price accurately?
This is the long lost technique which I learn from my father.
Japanese people expert at rice price
Malaysian people expert at oil price.
We are an oil producer since generation.
Alas, not many Malaysian people know it.."
-Zezu Zaza Oil Webinar on 28th April 2020
8 years ago, when I started the journey seriously in being trader (your job is to buy and sell price),
my dad asked me if I want to learn an ancient technique. A technique which not people know
because not all people being in the oil industry at that times.
Well I said, 'Yes of course I want to learn the secret..' I said like being skeptical on how he really
can know the secret of oil price traded. I mean for a second I was like dont very pay attention
about what he told me.
That times I was like 24 years old. Very novice, juvenile and smell like nothing in my head.
Now I am 32 years old. Old enough to experience the trading like 12 years experiences just
only to watch the price daily for 12 years. Market price is my netflix.
'Well son, I learn from your grandpa. He taught me something that people like us need to
know but our races won't appreciate it because they don't know how important really is.'
My father sipped warm coffee. That time felt like peace with breeze air from outside of
our village.
(Back then poor people don't venture into the oil price trade)
Since we are a family which trade the price, we must know all the technique.
How to trade oil, how to trade gold, how to trade wheat.
And all of this traded instrument were totally different on how to trade it.
But younger generation nowadays hit everything on its path.
They think they know everything and trade the same.
Old people from our time is really good than people in your time.
All your gadget, indicator makes you stupid. Things that comes easy,
human wont strive for the success to dig the knowledge.
They prefer the indicator to tells things while indicator is a lagging coding
after price and momentum makes its turn.
I hear his mumbling bla bla bla and bla like 1 hour.
At one point, what he said is true. I cant denied.
Then he off his tobacco cigarette and sipped the coffee.
He show me something which I truly remember until now.
He draw a chart in one piece of paper...
Then I saw something huge.
Something that people need to know.
The secret is so huge to hide.
I was amazed with the prediction.
The price is like a battleground of a chess.
I stood hard to digest on every single details he told me...
To be continue..
Regards,
Zezu Zaza
2048
Is USO bottom in? I’m erring on the side of the trend on USO until there is irrefutable evidence to consider the bottom as in wave (5) facing support zone 15.25 setting up same degree corrective (A), (B), (C) rally.
wllI took the long with SL around 1.06 incase this gets ugly but looks like it started to break out already. I think $4.00-$5 is in play
Time To Buy BP Shares Hi traders.
Following the turmoil with oil prices falling globally as demand for oil weakens, I am planning on purchasing shares in certain oil firms. One of these firms include BP. As oil prices are dwindling down, I would expect the earnings report released towards the end of April to be terrible news for the firm. Thus, I would ideally buy shares at low prices, to ride it on the upside wave as the market recovers from the pandemic. Entries from the lows made from during the pandemic could prove to be extremely profitable in the long term.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from.
Please drop a follow! I need reputation points!!
WTI - Still further downside aheadBeing a veteran trader I know how inter related and cyclical the Oil market is with equities. We have not seen the end of the precipitous decline that commenced earlier this year. despite the cheaper oil prices being seen as a boost for the economy in general and for equities. Large drops in crude oil have the effect of increasing profits in the economy and provides stimulus to facilitate spending. Big drops in Oil are usually a precursor to large declines in equities and the market in general. Expect in the comings months once we experience a bottoming price action in crude will be the time to buy up crude and start offloading equities. The time is approaching fast! Its important to note crude does not have the same effect as an energy commodity in these unprecedented times given the abundant alternative energy sources available these days. I feel like the world is becoming less dependent on Oil but that doesn't mean the historical interrelationship trends will not happen in the coming months...stay tuned watch this space.
Oil will drop more without OPEC dealYou will learn the best place where we can trade oil with low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends push the like button if you like the idea - that would be the best THANK YOU.
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OIL will travel to 52.50 the LBLS AnalysisLooking at the price it is very clear that the oil will slip down to the price level of 52.50.
The indicator used for this analysis is here for your reference
LBLS Indicator For all Exchange Trading in Tradingiveiw.com/
Contract Performance in 2019CLV9's relative performance to an assumed Risk Free Rate of $54.00. Pivot highs and lows during the last 8 months are taken as sample series for the calculations. Given the high Sortino ratio, opening long positions around the 54 mark looks reasonable. Wide stops tend to increase odds of landing a trade significantly.
USOIL ShortBreakdown to the lower side confirmed by TA and geopolitical pressure. Target 1: 49$ , Target 2: 40$.
Point&Figure On USOIL Rounded to a 100 tick movement point&figure chart of USOIL. By the looks of it, oil is building up momentum @ $63 and 600 tick movement can be expected. At this point, odds favour oil moving lower towards $57 but this can change by EOW. Staying tuned for further tells.
Crude Oil ShortWTI has found a nice resistance level here underneath $58/ barrel. The weekly chart shows us a nice rejection of 382-50% Fibonacci level with a bearish engulfing pattern, totally engulfing the prior weeks price action. The Daily shows us a nice Double Top pattern as well off this level, with a Daily Bearish Engulfing close this past Friday. I am not calling for a trend reversal with this setup, but I do believe we will see some selling off, initially needing to break the nice Daily uptrend line and Daily support level. I am looking for a selloff down to $52/ barrel.
