Crude Oil Next Move ??Crude Oil
Following Rising Wedge in Long Time Frame #LTF and did a Breakout and Retracement
Completed " 1234 " Impulsive Wave
Divergence
Break Of Structure #BOS
S / R Level
Usoilanalysis
USOIL - Short active ✅Hello traders!
‼️ This is my analysis on USOIL .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price almost filled the imbalance and expect to reject from bearish orderblock.
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USOIL WTI H4 Bearish Gartley Pattern Formation This Week SetupUSOIL WTI H4 Bearish Gartley Pattern & Symmetrical Formation, This Week Setup
USOil | New perspective for the week | Follow-up detailThis is a follow-up video to my previous analysis on the USOil where we closed the week with close to 2,000 pips profit (see link below for reference purposes). Despite the drop in oil prices in the last couple of months to worries of recession, there appears to be some sort of recovery last week as prices climbed to close the week with a 4% growth. Could this be a reflection of renewed activities from China (the world's largest importer of crude oil) after the government relaxed COVID restrictions? Well, In this video, we looked at the charts from a technical standpoint where the importance of the current structure was emphasized as we look forward to trading opportunities from around the confluence at the $74 area in the coming week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USOIL WTI H4 This Week Trade SetupUSOIL/WTI H4 This Week Trade Setup. Share your opinion in comments. Thank you
USOUSD short … for the week of 19 Dec 2022US Oil (WTI crude) has been steadily making its way to the downside since the past 6 months. This has been a clean downtrend, respecting previous structure for the most part and I do not see any reason why this would change.
I am looking for a pullback either to the minor level in the 77.60 area or even to the major level in the 82.00 area. If some bearish price action (on a lower time frame) becomes evident, such an event would provide a good location to join the down trend that is likely to follow.
Targets are located at supports at 71.50 and then at 66.50 regions.
Always use sound money and risk management and stay patient in all your trades.
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What do you think about this trade idea? Please comment and share your thoughts!!
USOil | New perspective for the week | Follow-up detailThe Oil market has been gripped with fear and uncertainty in the last couple of weeks (s) to impose selling pressure as we witnessed a drop of over 1,000pips during the course of last week's trading session. Now that the price cap of $60 per barrel on Russian oil has been agreed upon by the G7 last week; how will the market react or respond to this development in the coming week(s)? From a technical standpoint, this video illustrates how I intend to use the current structure in the market to project a trading opportunity during the coming week(s).
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USOIL ! devaluation may continue, short trade idea. Why open short trade oil ?
1. Usoil broke the strong support level and made a pullback. ✅
2. touch fibbo levels ✅
3. Forming bearish candle sticks ✅
4. retest 100 ema ✅
Like and subscribe and comment my ideas. Thank you
USOIL LOOKING FOR A GOOD SELL AT $81USOIL has been in a bearish trend, It is now showing a little bit of bullish strength ,however I am still bearish on USOIL until it take out the imbalance at $81... I am looking to take a Short at $81 because of the strong imbalance that was created .. My stop loss will be above $83 and my minimum target will be $72.
USOIL - Retracement expected ✅Hello traders!
‼️ This is my analysis on USOIL .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalances higher and then to reject from bearish orderblock.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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WTI USOil Setting for Short Trade?FX:USOILSPOT
TRADE PLAN
INSTRUMENT: USOil
TIMEFRAME: DAILY
DESCRIPTION
Although fundamental drive illustrates that OPEC+ will cut oil production by 2mil barrel a day going forward, our Technical Outlook suggests that USOil Price will continue to fall untill we arrive at 70.00. The current rally appears a sentiment drive.
We will look to short the market when price visit a 55EMA with some confirmation to short for completion of Daily Bat Pattern.
Updates to follow.
Disclaimer
Charts are educational not investment recommendations
USOil | New perspective for the week | Follow-up detail3 days into the EU ban on Russian seaborne crude imports, oil producers in Russia are going against all expectations to ramp up production in recent weeks. With the Russian seaborne crude oil import ban around the corner, a potential OPEC+ output cut on the table, and ongoing discussions about capping Russian oil & gas prices, we looked at the charts from a technical perspective in this video to decipher how the recent developments will affect price movement in the coming week(s).
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USO: Rollercoaster 🎢USO got a wild ride ahead! We're expecting the course to drop further below the support line at $63 to finish the green wave 3 before rising up again to complete green wave 4. Subsequently, the trend should continue to sink into the turquoise trading zone between $52.24 and $43.83 in order to end the correction with the turquoise wave prior to heading back North and leaving the target zone.
Oil Head and shoulders projectThe price is on its way to form a head and shoulders on the hourly and daily charts, to see what will happen in the coming days.
USOIL top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USOIL top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USOIL (WTI) - Bullish Bat + Consolidation BreakoutWTI does not look like a bearish heaven anymore. Reasons include:
1- Dropping Wedge consolidation breakout
2- Bullish bat reversal pattern to bolster the claim to expect higher levels and mark the initiation of a bullish reversal
3- Dovish Feds
4- Increased Demand post-COVID
Target:
Apparently, the current reversal picture seems like trying to approach triple figure price for WTI again. We are looking forward to the target zone as marked in the chart as red box i.e. between $98-110/Barrel.
This analysis is invalid if 72-73 range is breached!
Best of Luck and Happy Trading! Deploy extra diligent risk management while trading Oil, it is not a safe heaven instrument.
WTI LONGwti look like std, still trend higher,, there is possibiilty to trend higher,, or if we break the zones, we maybe price push higher size really matter,, or we test same levels we push the price below, supply demand really matter, next week, we see what happanes,, this one of the most andvance technical anyliysis you gona see i push this techincal analysis.
WTI after holding long postion, muttiple rejection level stacked imbalance, down side if market pull back we look for new postion, or we sell off all .
USOil | New perspective for the week | Follow-up detailA record number of new coronavirus cases in China (the world's highest importer of crude oil) coupled with the inability of the EU to agree on a price cap for Russian oil Crude prices resulted in a plunge in price as the price fell for a third straight week. From a technical standpoint, it is obvious that price action has been caught within a channel ($93.50 and $87.00) in the last couple of months to emphasize the indecision in the market. However, it is worth noting that the lower timeframes reveal that price action has continued to find lower lows and lower highs in the last 3 weeks to signal a possible bearish continuation in the new week but we can not ignore the possibility of a breakout of the bearish trendline to incite a reversal structure.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USOILBeen charting this move since mid July 2022, we are getting close to a bottom IMO, currently
testing the bottom TL of the mega phone pattern.
Now looks like a support flipped into resistance.
Targets remain $45-$55 for a bottom and likely big bounce from there. Which is the 618% from the covid 2020 crash when prices went negative.
USOIL - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis on USOIL .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalances higher and then to reject from bearish orderblock.
Like, comment and subscribe to be in touch with my content!
🟢 USOIL - 4H (18.11.2022)🟢 USOIL
TF: 4H
Side: Long
SL: $79.50
TP 1: $84.30
TP 2: $86.10
TP 3: $87.56
There is a nice flag formation and RSI + MACD look reset enough to take this long position.
I think that it could go well beyond my $87.56 target. But as part of my risk management strategy, I will close at $87.56 and open another position from there if that is the case once it flips the resistance to support.
