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Usoilanalysis

USOIL MARKET BREAKDOWN USOIL- USOIL had a slow problematic trading week with low volume causing consolidation which was followed by quick spikes. This will be USOIL way of movement for awhile as at these levels it's vastly untested. Notice the blue box, USOIL is sat nicely in this region and it's floating around the resisting trend and mid trend. USOIL needs a move lower and 114.63 should provide a good support level as it MUST stay above this region to go higher. Should we break below that region then all the possibilities below open up to us as we have strayed very far away from the support trendline with some regions left untested. I am looking for shorts to start the week off and the longs once the support floor is confirmed. I will be looking for a swing from 114.60 or 104.60.
TVC:USOILShort
by UnknownUnicorn33264805
The BIGGEST Inverse Head & Shoulders I have ever seen. USOILI just witnessed something truly amazing, USOIL just printed a MASSIVE bullish sign on the 1H chart. But..... Before we get all FOMO-ish and buy without a plan let's look at what we have on the table, before having a slice. Price got to the strongest monthly resistance, which to no ones surprise also served as the giant chart pattern's neckline, with a triple job of a previous long term trendline. After price squished all these resistances aside with a bullish reaction, a retest should set the stage for a lasting bull run, or so it seems.... Many people must have seen these bullish signs, which means manipulations might occur to push out as many as possible from the trade before the bull run. Our safest point of entry will be to look for buy setups at the retest, and let probability do the rest. If u found this remotely helpful to u , please drop me a like and a quick Sub, as this helps support my work and allows u get more content like this to come. Thanks....please drop some constructive criticisms in the chat section, or u can leave some encouragement, I would be truly pleased. Thanks my people....
TVC:USOILLong
by LexyenHille
17
USOIL MARKET OVERVIEW Good Morning and happy Sunday; Long time no see for all our non-members but we hope this idea finds you well. It's time we start looking at WTI on the larger time frame to put things in perspective and so you can really see the magnitude of what is happening and what is going to happen. Over the past 5 weeks we have been limiting our USOIL trades and I want to draw attention to the first blue box, this is a huge monthly conidiation zone where price is volatile between a tight range which is why I have been standing back and just letting USOIL do it's thing (This hasn't stopped us bagging a 1000 pip trade from 99.80 and another 430 pip trade this week). WTI is climbing rapidly as we expected it would and there's no stopping it. If you have read our financial warfare post then you know all the reason why it's doing so. The next monthly resistance zone to be tested it all time highs which we should reach soon as we blasted through the huge consolidation region marked by the first box (This shows huge buying pressure). The geopolitical sentiment in Europe and inflation are playing hand in hand with each other causing the high USOIL prices, PUTIN has come out to say that he blames COVID for the true inflation and not the war (He's correct and we have been saying this for months now). Since COVID-19 started money became far too easily accessible with families obtaining and retaining money. It's caused an influx of new home buying, new car buying, loan obtaining and so on. Many people are now are stuck with over priced homes, huge mortgages and large loans whilst the economy gets worse. Next year the housing market will start to fall off and we'll begin to see the cycle of the recession BUT this will be a great and deep recession. This ties in with USOIL as when USOIL is at these levels a recession is undeniable now and we are starting to see glimpses on the news. I have publicly called $175-$185 per barrel for USOIL and I still stand by this, everything we have predict has come through and the new ATH predictions are being scoped in. Once previous ATH is broken there will be a large rally to our predicted region. OPEC are talking about kicking Russia out of the group whereby they would have to sell large amounts of their oil supply at a lower price (They're currently making $800million a day from oil). If you were Russia and knew you were in a war and potentially going to be kicked out of the OPEC group and have to sell off your oil supplies what would you do? WELL I would be creating FUD and a political event in an attempt to drive up oil prices as high as possible before I sold to get as much money as possible. Russia wont care about the implication's it will have on the world economy as the world has already crashed theirs. Again it comes back to strategic financial warfare where only public loose. TECHNICALS: USOIL will start bouncing between $114.20 and $126.00 on the interday timeframe until it's able to get that ATH rally but we will cover this in greater depth on Tuesday for members. STAY SAFE AND JOIN THE LINK BELOW.
TVC:USOIL
by UnknownUnicorn33264805
6
USOIL (LONG) 🔥🔥🔥ENTRY OPPORTUNITY Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis 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 page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
TVC:USOILShort
by Thewest-sidetrader
USO: Springy 👟👟USO seems to have put on its extra springy sneakers as it has jumped up into the green zone between $83.54 and $87.83 quite briskly after pressing against it for some time. Now, it should finish wave B in green in this region and subsequently turn around to move downwards. On its way, USO should then drop back below $82.48 and also fall below the support lines at $67.68 and $62.92 to reach the yellow zone between $60.18 and $43.48, where wave (2) in yellow should end.
AMEX:USO
by MarketIntel
USOIL Short Term Outlook |19-MayHolla, Do you agree with my chart analysis? I expect a pullback until my sell line. My plan is to wait for candlestick structure as a confirming catalyst before opening a position. Checklists; 1. Price must touch my entry zone 2. Price bar (4hr) must close below my zone after touching my entry zone. 3. i want to see candlestick pattern ( mostly pin bar or bearish engulfing candle) before looking for entry. 4. Chart pattern like rising wedge would me an added advantage Will update intermittently... Kings.
FX:USOILShort
by Kingsley_lotanna
⁉️ USOIL Market Analysis Here on USOIL we are in a bullish market structure, this means I am looking only for longs positions. But for the upcoming week I expect we could see the continuation of the retracement, I expect the price wants to close that gap around price level 111.23 and then to continue down move. I have 2 POI (point of interest) for longs positions, the first is from bullish orderblock around price level 104.00$, after the price would take out liquidity below PWL (previous weekly low) and the second one is a little bit lower, also I am waiting for a rejection from bullish orderblock around price level 100.00$. Both, for the first POI and the second, I will wait for a confirmation before executing the trade in order to be more confident.
TVC:USOILLong
by Snick3rSD
Failure To Implement Russian Oil Ban Could Send Oil To 65$ Several E.U. member states made it plain that they will veto any E.U. proposal to ban Russian oil (or gas) imports. Removal of oil ban ‘fear factor’ may significantly reduce risk premium in crude oil prices. Lack of clear leadership from Germany makes an effective oil embargo a long shot. A key factor in the upper band of the benchmark crude oil trading ranges over the past weeks is market concern over a ban of Russian oil exports to the European Union (E.U.). Prior to the invasion of Ukraine, Europe was importing around 2.7 million barrels per day (bpd) of crude oil from Russia and another 1.5 million bpd of oil products, mostly diesel. This fear, though, is vastly overblown for several reasons analysed below. The removal of this particular fear factor in the oil price will allow oil prices to move back over the course of this year to the level they were before the Russia-Ukraine ‘war premium’ began to be priced in by the smart money in September 2021, which was around US$65 per barrel (pb) of Brent. The primary reason why a meaningful E.U. ban on Russian oil (or gas) will not occur is that it would require the unanimous backing of all of its 27 member countries. Even before the E.U.’s 27 member states met on 8 May to discuss pushing forward with the ban on Russian oil, Hungary and Slovakia had made it clear that they were not going to vote in favour of it. According to figures from the International Energy Agency (IEA), Hungary imported 70,000 bpd, or 58 percent, of its total oil imports in 2021 from Russia, while the figure for Slovakia was even higher, at 105,000 bpd, equating to 96 percent of all its oil imports last year. Other E.U. countries also heavily reliant on Russia’s Southern Druzhba pipeline running through Ukraine and Belarus have also made it clear that they are not willing to support the ban on Russian oil exports, the most vocal of which have been the Czech Republic (68,000 bpd, or 50 percent or its 2021 oil imports came from Russia) and Bulgaria (which is almost completely dependent on gas supplies from Russia’s state-owned oil giant Gapzrom, and its only refinery is owned by Russia’s state-owned oil giant, Lukoil, providing over 60 percent of its total fuel requirements). Other E.U. member states that are also especially dependent on Russian oil imports are Lithuania (185,000 bpd, or 83 percent of its 2021 total oil imports) and Finland (185,000 bpd, or 80 percent of its total oil imports). Even compromise proposals offered by the E.U. of allowing Hungary and Slovakia to continue to use Russian oil until the end of 2024 (and the Czech Republic until June 2024) were not enough to remove their opposition to the idea of the E.U. ban on Russian oil. In fact, the only real flurry of activity in terms of a concerted effort by any group within the E.U. since Russia invaded Ukraine on 24 February has been to ensure that Russia did not stop supplying its member states with either oil or gas due to their not being able to pay in the way Moscow preferred. This followed the 31 March decree signed by Russian President Vladimir Putin requiring E.U. buyers to pay in roubles for Russian gas via a new currency conversion mechanism or risk having supplies suspended. According to an official guidance document sent out to all 27 E.U. member states on 21 April by its executive branch, the European Commission (E.C.): “It appears possible ,… E.U. companies can ask their Russian counterparts to fulfill their contractual obligations in the same manner as before the adoption of the decree, i.e. by depositing the due amount in euros or dollars.” The E.C. added that existing E.U. sanctions against Russia do not prohibit engagement with Gazprom or Gazprombank, beyond the refinancing prohibitions relating to the bank. Not only have several E.U. member states made it plain that they will veto any E.U. proposal to ban Russian oil (or gas) imports – and recall that all 27 E.U. member states must vote in favour of such a ban for it to come into effect – but also its own executive branch, the E.C., has been busy sending out crib notes on how best to continue to pay for Russian oil and gas imports, effectively to bypass any wider sanctions on them, including those from the U.S. Added to this is the lack of ideological surety emanating from the E.U.’s de facto leader, Germany, on the subject of the ban on Russian oil. There can be little doubt that the E.C.’s handy directive of 21 April on how to skirt sanctions on paying for Russian oil imports received the tacit approval of those responsible for such matters in Germany, otherwise, simply, it would not have been drafted or sent out. Germany is also set to be hit hard itself by any ban on Russian oil in the first instance, and gas later on, being the recipient in 2021 of the most crude oil from Russia of any country in the E.U. – an average of 555,000 bpd, or 34 percent of its total oil imports in that year, according to the IEA. Comments from German Economics Minister, Robert Habeck, that Berlin was prepared for a ban on Russian energy imports were overlaid with considerable detail about how Germany has still not been able to find alternative long-term fuel supplies for the Russian oil that comes by pipeline to a refinery in Schwedt operated by Russia’s state-owned oil giant Rosneft. He concluded that fuel prices could rise and that an embargo “in a few months” would give Germany time to organise itself in this regard. The lack of clear leadership in the E.U. from Germany is not just another reason why there will be no meaningful E.U. ban on Russian oil (and gas) any time soon, if ever, but also opens up the probability that even if there were such a ban then it would have more holes in it than a fine Swiss cheese, just like the earlier bans and sanctions on Iran. As analysed in depth in my new book on the global oil markets, Germany was at the forefront in the E.U. of a range of measures designed to circumvent the mainly U.S.-led sanctions before 2011/2012. Shortly after the U.S. announcement of its unilateral withdrawal from the JCPOA deal in May 2018, the E.U. moved to impose its ‘Blocking Statute’ that made it illegal for E.U. companies to follow U.S. sanctions. At around the same time, Germany’s Foreign Minister, Sigmar Gabriel, warned: “We also have to tell the Americans that their behaviour on the Iran issue will drive us Europeans into a common position with Russia and China against the USA.” Shortly after that, Germany was a key mover in the E.U. introducing a special purpose vehicle – the ‘Instrument in Support of Trade Exchanges’ – that would act as a clearing house for payments made between Iran and E.U. companies doing work there. All of this rhetorical flim-flam by Germany and the E.U. has resulted in an oil price that remains way above where it should be, given the confluence of multiple bearish factors currently at play. On the supply side there remain definite pledges from the U.S. Energy Secretary, Jennifer Granholm, to engineer a “significant increase” in domestic energy supply by the end of the year, with the U.S. also working to identify at least three million bpd of new global oil supply. There remains the prospect of further strategic petroleum releases as and when required both from the U.S. and from member countries of the IEA, and of a new ‘nuclear deal’ with Iran as the U.S. is still open to the idea. Additionally, the U.S.’s ability to pressure OPEC into increasing production has been increased by its resuscitating the threat of the ‘NOPEC’ Bill. On the demand side, there remains further likely destruction from the COVID-related lockdowns across China, and no prospect of its ‘zero-COVID’ policy being meaningfully relaxed, and of a series of U.S. interest rate hikes stifling economic growth elsewhere. It is apposite to note at this point that even without these bearish factors in play, Brent crude was trading at around US$65 pb before the real Russia-Ukraine war premium was kicked in by the smart money in September 2021 when U.S. intelligence officers started to notice highly unusual Russian military movements on the Ukraine border after the conclusion of the joint Russia-Belarus military exercises that had taken place.
OANDA:BCOUSDShort
by DaveBrascoFX