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Usoilanalysis

USOIL MARKET BREAKDOWNUSOIL MARKET BREAKDOWN USOIL had it's bullish pullback last week which took full advantage of and we now have a nice little trade running. Someone left a comment on my last post asking if it was possible to drop straight down instead of pulling back, this was a great and valid question. This person was correcting in mentioning that and my simple answer is plan for both scenarios and stick to the most profitable option. If the trade isn't profitable, low risk and doesn't meet every demand of your strategy and analysis then DO NOT TRADE IT. The zones marked on the chart are the only zones I'll be interested in trading. USOIL is bearish so we now favour the short for overall trades and only look to longs for a quick scalp. We mentioned a while ago that USOIL was climbing too hard and too fast which was a major driver of inflation. We said the price of USOIL would have to come down to let the markets breathe before the next leg up. Unless Russia kick off big time then USOIL should be making it's way to $76 which is where I would look to load up on swing longs. Now lets focus on this week: Are broken and major support region has now been retested and closed below which is a good sign for our trade. I will not rule out one more retest or at a minimum a spike to $93.60 before we see the drop off. I look to carry this short all the way down to the bottom blue zone this week with around 900 pips profit as our target. Anything above $94.50 I will class as manipulation and I wouldn't short again until we were below UNLESS a good set up gave reason to short before. Members have been guided through this and are now sat in 280 pips profit!
TVC:USOILShort
by UnknownUnicorn33264805
6
USOIL MARKET BREAKDOWNHello everybody, hope you're all well and welcome to our weekly market breakdown We missed out last week due to being away for sometime but all our members were given a PDF to follow during our time of absence. Now USOIL is showing it's true bearish form and this has been the case for a good while now. Last week I expected USOIL to close the gap before making this move but this wasn't managed and we remain unfilled, this isn't so much of an issue but it's likely that we will not see it filled until the next long term leg higher takes place (Monthly/weekly timeframe). The blue zones represent daily and weekly support/resistance (most important) and the dashed white lines represent our interday support/resistance zones. I am looking to follow the trend and I want to get a decent short in from the marked location. This location is a significant resistance zone but also an area which is untested since the break. We took three trades this week due to us being inactive and only one of them won so we have ground to cover next week. Stay tuned for more!
TVC:USOILShort
by UnknownUnicorn33264805
4
USOIL broke below a major support levelUSOIL broke below its $90 major support that held price above since the beginning of this year after OPEC agreed to a small increase in oil production following calls by the U.S. and other major consumers for more supply. We can also notice that this key support marks as the neckline of the double top. I expect price to retest the broken support and continue falling from there. I will carefully look for bearish signs at around 90-93 for selling opportunities with three targets: 83, 76, and 68. Please support this idea with likes if you find this helpful. If you have any suggestion please share in the comment section below.
TVC:USOILShort
by Forexintelligence_NA
4
👉 USOIL The main goal is to decline to support levels👉 USOIL The main goal is to decline to support levels The emergence of an uptrend from a support level with a breakout of a downstream channel ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the comments! ❤️ I use all my transactions in real trading in my account, my account has already reached Profitability: 1549.04%🙏!❤️ It's your turn! Be sure to leave a comment and let us know how you see this opportunity and prediction.
TVC:USOILShort
by QuantumLabSignals
US OIL MARKET BREAKDOWN The above chart is USOIL on the 4hour and this should be the primary focus for the next two weeks. As stated in the last breakdown USOIL made a V SHAPE recovery which was bullish and sellers have failed to make a 100% retracement. We now have a gap close to the important zone of $104.60 and we can bet if price comes back up to this level to fill the gap it will break through and create that fake out scenario BUT price should go to the 78.6 fib which lines up very close to liquidation region which would be my ideal zone to short from. KEY ZONES • $111.60 - Swing high • 107.90 - Bearish below but bullish above • $104.60 - Significant support/resistance zone • $92.00 - Short below with strong closes below • $90.60 - Swing low • $86.90 - Next swing low target So, we have covered USOIL and we know it isn’t dropping to the very lows anytime soon and this bearish move we are seeing now is simply the correction from APRIL 2022. Now I’m not saying USOIL is bearish overall but it is in the short to midterm but we know that with the current economic state and conflict in Europe that price can go anywhere hard and fast. Ideally as USOIL is now bearish I would be shorting and now I wouldn’t be interested in a long until we have seen that $76-$74 region (Remember to trade the trend). USOIL could absolutely fall off to $86 from this current location but as you can see, I have more reason to believe we will have one more push up to wipe out the highs.
TVC:USOIL
by UnknownUnicorn33264805
19
Expecting a bullish setup USOUSD for the week of 18 July, 2022The daily chart shows we have solid support between 93.58 and 98.70. Recent price action with a long wick pin bar confirms my bias. As shown on my H4 chart, I am looking for a break above the trendline with a retest to confirm my bias and to go long. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management and stay patient in all your trades.
EIGHTCAP:USOUSDLong
by Trading_Vista
USOIL - A Recession in the not-too-distant futureCommodities super cycle is over? Or we are heading towards recession? Only Gold in the previous week gave some gains to their investors while the other remains in question Let's talk about the oil in particular amid to investors eyeing recession is not too far. Technically speaking, USOil is holding the 94 firmly while it made a inverse headnshoulder indicating more downside. If this range of 30$ is broken, we have a clear target and recession in not to distant than. Its important to see how Biden administration deal with OPEC countries about the supply and Putin-Salman talks. Where do you see we are heading?
TVC:USOIL
by TradeTrio
4
US OIL MARKET BREAKDOWN USOIL MARKET BREAKDOWN: USOIL started this week off and members knew that this was coming but I anticipated higher than the string supply/demand zone of 104.60 which has been a key point for USOIL in the past few months. Right now I see the follow, a "V SHAPE" recovery which is usually a bullish sign but also sellers have failed to make a %100 retracement of the bullish leg we saw at the start of the week and now we have a new higher low we and equal high. USOIL is bullish overall but it's currently having a correction which has been long anticipated, the key points to focus on in this current structure are $111.50 (SWING HIGH) and $90.50 (SWING LOW) so we have a very broad range of movement. From the roll overs we started off with a gap which I think will be filled before we see the next move down (gaps are usually filled before price breaks structure). Next week I will be targeting a long position form the bottom zone all the way up to $107.70 which if this goes to plan I will open a swing short. If $92.00 broke solidly on the daily before the gap fi;;ed then I would look to short that level. Didn't take many USOIL trades this week due to it's choppy price action, we took one long which was stopped out around 90 pips. Nerveless we move, plan and prepare
TVC:USOILLong
by UnknownUnicorn33264805
1907 USOIL will meet 1st resistance zone soonHello traders, USOIL is still on the trend up. And it will very soon meet the Resistance Zone 1 . I would like to see some rejection up there and take a chance to wait B to join the long trade again. But it is possible for it to test lower support zone before a new leg up. Now you should just keep eyes on the resistance zone 1 to see if any signal for rejection. You could sell if you got one selling signal there. Or just wait for a new buying signal down B to follow daily trend. GOOD LUCK ON THIS SIDWAYS PRICE ACTION. LESS IS MORE!
TVC:USOILLong
by FUNTRADER-Vera
1
Is #USO Breaking Out?Is #USO Breaking Out? # Crude #oil extended last weeks Friday’s positive close in trading on Monday as U.S. President Joe Biden’s visit to Saudi Arabia failed to deliver anything concrete. The trip was aimed at coaxing the Saudi’s to increase oil production thus easing inflation pressures. The response from the Saudi’s and other key officials reiterated the fact that production scheduling and/or increases remain with the OPEC+ consortium leaving President Biden without a deal. Sorry #JoeBiden
AMEX:USOLong
by fintechwire