USOIL LONGS 📉📉📉📉 Expecting bullish price action on USOIL as price takes out weekly low liquidity, a lot of bearish imbalances are left somewhere around 120-115 price area price should rise to fill them ASAP. As market is imbalanced
USOIL is in a huge bullish market strucutre area on a HTF.
What do you think ? Comment below..
Ukoil_usoil
UKOIL short position selling from the 80sAs the new year begins, the markets are a little quiet but in the oil , markets seem a little confusing, Based on OPEC-JMMC Meetings we made our view on the oil market.
"That's one way of looking at it OPEC plus seems confident that despite omicron spreading rapidly around the world and with cases rising it's not going to have that much of an impact on oil demand the group is expecting the oil market to be in a supply surplus in the first and second quarters"
While the U.S airlines have canceled and delayed thousands of flights since 23 December 2021, The energy sector will depend on storage more than consumption in the coming period.
OPEC plus is probably not almost certainly not going to actually add 400 000 barrels a day to the market because of supply problems incertain members in the oil club.
I see OPEC crude oil production increasing since Jul 2020 :
24.82M bbl /d on Jul 2020
to be 28.87M bbl /d in Aug 2021
Making the oil production increase +16.31% in one year.
The technical view
you will see 83.00 -82.00 area as a supply area on the chart,
also, 86.50 - 85.00 area is a strong historical supply area.
The Market tend to sell from these areas, we may see some increase in the price shortly
but in the volume indicator the average volume is in decline
For the position
I recommend a sell order from 83.00 -81.50 area
Sell limit on 84.5- 86.5 in case the market still growing before retrograding
Targets
1st target 77. 40 - 77.00 demand area
2nd target 68.40- 69.10 demand area
The period of the Positon is more than 1 month up to 5 months (estimated )
This is a swing trade so be patient we estimate +16% to +20% profit for 5 months
The news and numbers source coming from
theoilsellers.com/
news.cn/
ycharts.com/
HTF intention with LTF execution 📉📉📉🎯 I will try to explain how do i use HTF in order with LTF.
✅ HTF - higher time frame usually those are timeframes that are higher then H4 like D1,MN1.
✅ LTF - lower time frame usually those are timeframes that are lower then H1 like M30,MAT,M5
When i take trades i wait for price to approach a HTF POI and then zoom out on LTF to find a better risk-reward entry like the photo says HTF intent LTF execution helps you to get a better risk-reward ratio and a higher probability trade, this is working on every financial asset from crypto to forex to commodities and stock market
✅ POI - POINT OF INTERES an area in the market where price have a higher probability to go bullish then bearish lets say 70/30 % probability.
Example price come into a ,,support,, area this means we have a BULLISH POI we have a better probability to go higher then lowe
USOIL LONGS 📉📉📉Expect bullish price action on USOIL as price takes out liquidity on the retail trendline, rejected a nice M15 bullish orderblock. Price is in a bullish market strucutre and should rise because of the risk off market environment + bearish gap that should be filled on usoil, lets go for 3R.
What do you think ? Comment below..
USOIL UPDATE SHORTS 📉📉📉We have strong bearish momentum on USOIL i dont think it is the best moment to close our short entries, we have a risk off market sentiment right now so we should expect bearish price action still...
I moved my stop loss to my entry so i have a risk free trade.
What do you think ?
USOIL SHORTS 📉📉📉Price is rejecting in this moment an important area of ,, resistance ,, a bearish orderblock on h4 filling in the same area the bearish imbalance that means the price is repriced at this level. We also took out some buy stops above old highs and right now we should go lower after h4 candlestick bearish will be CLOSED. I target bullish imbalances.
What do you think ? Comment below..
UUSOIL LONGS LONG-TERM 📉📉📉From a long-term perspective USOIL looks like a good buy from 63-64 area, we have a bullish market structure on a HTF, price just made the retracement back into bullish orderblock d1 an important area of supply for the price in that area closing the bullish imbalance as well, price left a lot of inefficiens in the past that should be closed in the future, price should be magnetize back above 70$, that's my long-term perspective long term meaning 1-2-3weeks.
What do you think ? Comment below..
An Impulse of Intuition, An Ideal time to Sell your Oil 🛢️⛽🖼️Perhaps the seed of Charting Rbob Gasoline Earlier.
This Black Gold stuff is a slippery liquid.
Oil seems to be stealthy making lower lows &
perhaps about to make a lower high.
Have to be slick to market time the ole WMD.
*Short ideas are SELL ideas only, don't support outright short selling.*
Peek the detailed breakdown notes
in the high def chart links below :
TVC:USOIL
AMEX:USO
LSE:PBRT
NYMEX:CL1!
TVC:UKOIL
NYMEX:BB1!
UKOIL - will be a breakdown trendtrend support may not be able to withstand.
Two peaks show the reversal.
what do you think? there will be a breakdown
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
UKOIL - Double top pattern 🔽. UKOIL is testing the descending channel resistance.
The market brokedown below the rising wedge support as expected from my previous analysis.
RSI is printing a bearish divergence signal.
Price action is printing a double top reversal pattern.
Breakdown below the double top neckline support could be a bearish signal ⬇️.