USOIL:Long, TP 78-82
After achieving our long position target, we initiated short trades and have already secured a good profit. Orders are now being closed in batches.
From a trend perspective, there's a short-term need for a rebound, though it likely won't be strong. There's still some downside potential, mainly considering the need to fill the gap around 74.9. In the medium term, I believe the likelihood of an upward move is higher, with a target around 79- 82.
Usoilforecast
USOil WTI Technical Analysis and Trade IdeaThe current USOil chart exhibits clear signs of price overextension, with the asset pushing into a critical resistance zone. Given this technical setup, a retracement appears probable. My strategy involves seeking a long entry, but only if the price experiences a pullback to the key Fibonacci retracement levels, specifically targeting the 50% to 61.8% zone.
It's crucial to contextualize this analysis within the broader macroeconomic landscape. The recent Bank of Japan rate hike has injected significant volatility into global markets. We must anticipate and account for potential continuation of these heightened volatility conditions, as they could materially impact price action and risk management parameters.
This technical and fundamental confluence presents a compelling setup, but as always, proper risk management is paramount. Traders should conduct their own due diligence and consider their individual risk tolerance before executing any positions.
Disclaimer: This analysis is provided for educational and informational purposes only. It does not constitute financial advice or a recommendation to enter any specific trade.
USOIL - bottom out here, what's next? ?#USOIL.. market perfectly hold our major supporting area that was mentioned in our last idea and you can see.
am looking for a bottom out here.
importnat supporting areas will be 73.90, 74.10
minors suppoting areas will be 73.40 n 72.45
keep close that areas and if market hold your fresh region then further buying will be valid from now.
dont be lazy here.
good luck
trade wisely
Oil: Keep buying.
Wait until it reaches a high and then go short.
For a month, I used the correct trading signals as a reference. This is what everyone can see. There is no mistake in the operation.
I want to post my views here to save those who continue to lose money. Or those who don’t know how to trade or don’t make any profit. I just use my expertise.
If you keep losing money, leave me a message. Even if you are a novice. Follow me and you can see the changes in your balance in a very short time.
USoil: Oil prices will continue to rebound this week.Oil is about to form an oversold rebound situation, and the target this week is expected to be above 74. The current price is around 72.2. The USoil quote on tradingview is used as the basis.
Investors with large amounts of funds can buy in advance.
If your trading continues to lose money. Or the profit is not ideal. Remember to refer to my trading instructions or follow me. Prevent further losses. NYMEX:CL1! MCX:CRUDEOIL1! NYMEX:MCL1! MATBAROFEX:WTI1!
8.14 Crude Oil Trend AnalysisShort at 80 points
Last week I predicted that the oil price would reach 80. As I expected, the oil price peaked at 80.58 and then fell back to around 78.4.
The panic in the stock market last week led to a large sell-off of crude oil, which also gave us a good opportunity to enter the market. The oil market ignored the tension in the Middle East. Now the situation in the Middle East has been repositioned and the oil price has returned to 80. This prediction went very smoothly.
My personal suggestion is "Profit-taking Exit"
Although the situation in the Middle East is not very clear, it has not yet reached an uncontrollable situation. Now is a good time to exit.
When the market is in panic, it also brings opportunities for traders to enter the market. I wonder if you have seized this opportunity.
US OIL SHOWING A GOOD FALL WITH 1:10 RISK REWARDUS OIL SETUP TRADE WIH 1:10 RISK REWARD
A good selling setup detected on US OIL
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:10 RISK REWARD
A good selling setup detected on US OIL
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Bullish US OIL Trade IdeaUS Oil has bounced back from support with high-volume candles, nearly testing the support level. The price is expected to start moving in a bullish direction. Target profit prices are marked on the chart, and with the stop loss at the designated level, we anticipate a favorable risk-reward ratio for this trade.
Updates will be provided daily.
Finally time for bullish oil? $USO to $120 then $300+People have been calling for the oil bull market to begin for the past two years and the trade largely hasn't worked as we've gone sideways to down. However, based on the chart, it looks like we're finally ready for a run.
This would also line up with my bearish equity thesis.
Oil looks to have broken out of an inverse head and shoulders pattern and althought it's a diagonal pattern which are less reliable, the indicators that I have seem to support the narrative.
I think there's a possibility that we could see a 4x move over the next year or so.
Let's see how it plays out.
Crude oil market analysisMarket performance
Freight rates rose in March and calmed down in May. In June, freight rates from the Middle East to China fell by 0.5 yuan month-on-month. July was also sluggish. At the same time, the gross profit margin of refining fell by 10-30% year-on-year, affecting the enthusiasm of refineries to purchase crude oil.
Market risk analysis
The US election may affect energy policy. The Democratic and Republican parties have different energy policies. In addition, the US Meteorological Corporation predicts that there will be 25 storms in the Atlantic this year, which may affect oil production and transportation
To sum up, my personal analysis shows that the crude oil market will remain low in the second half of the year.
Oil prices can still be shorted at around 77 to make a profit.
The overall trend of oil shows the closing stage of the arc top. There are still some opportunities for decline to short the oil price to make a profit.
I am EDDY. Senior Financial Analysis Consultant.
I have experienced the financial crisis, the stock market crash, and the market circuit breaker. The current trading opportunities in the market are much better than before. There are many trading opportunities every day.
I have been observing investors in the market for a while. I can't bear to see some people in the market continue to lose money because they don't know how to trade. So I plan to continue to share my operating ideas for a while for your reference.
If you are still confused about the trading market, you can continue to pay attention to my updates.
USOIL - Short from bearish order block !!Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bearish market structure, so I look for a short . My point of interest is if price continue the retracement to fill the imbalance higher and then to reject from bearish order block + liquidity zone.
Like, comment and subscribe to be in touch with my content!
USOIL ( BREAKOUT CHANNEL ) ( 4H )USOIL
HELLO TRADERS
TENDENCY : the price stabilizing below turning level , indicates is under bearish pressure
TURNING LEVEL : the price around 81.71 .
PRICE MOVEMENT : the price in previously rising an reach a target , but dropping significantly because of the attack on trump .
PRICE ACTION :
SHORT CONDTION : after the price breaking a channel , price stable bearish zone , currently price 81.14 , price trying to retest before dropping a support level at 80.50 , then breaking this level reach 79.25 .
LONG CONDITION : if the price breaking 81.71 by open 4h candle above this level reach a resistance level at 83.57 , then stabilizing above this level reach a 84.97 .
TARGET LEVEL :
RESISTANCE LEVEL :83.57 , 84.97
SUPPORT LEVEL 80.50 , 79.25
USOIL ( UNDER BEARISH PRESSURE ) ( 4H )USOIL
HELLO TRADERS
Tendency after the price breakout , indicates the price is under bearish pressure
TURNING LEVEL : there is a purple line around 82.84 , indicates if the price trade below this level reach a support level , but if the breaking turning level reach a resistance level
RESISTANCE LEVEL: there is a green line around 85.25 , indicates selling have already increase this level , when you reach this level buyer have more supply for oil
SUPPORT LEVEL : there is a red line around 79.66 , indicates buying have already increase this level , when you reach this level selling have more demand for oil
PRICE MOVEMNET : the price stabilizing below turning level around 82.84, in my opinion until the price trade below turning level ,indicates selling have more demand for oil , so reach a support level at 79.66, then breaking this level reach a next target at 77.37, if the price breaking turning level , indicates buyer have more supply for oil , so reach 85.25 and 87.41
TARGET LEVEL :
RESISTANCE LEVEL : 85.25 , 87.41
SUPPORT LEVEL : 79.66 , 77.37
Can Usoil Fall ?Last few week i was bullish on usoil now we are facing upper trendline resistance which is very strong trendline we have now and we also have selling area there what we can do is wait till monday and see what market will do if we see continous fall then we are seller on usoil and target will be around 81.50 and 78.50 and if we see break out above the resistance then we are bullish on usoil and target will be 92.00 to 95.00 .
USOIL - Long from bullish order block !!Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to go a little bit lower to fill the imbalance and then to reject from bullish order block + FIBO 0.618 level.
Like, comment and subscribe to be in touch with my content!
USOIL - Accumulation phase !!Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a range, so we have opportunity both for long and for short. We can consider that range as a bullish flag and open a long position above 82.00, or price could confirm regular divergence in waves and open a short position below 80.20.
Like, comment and subscribe to be in touch with my content!
Crude Oil Market Analysis and Trading SignalsTechnical analysis of crude oil
Daily resistance 83.4, support below 77.5
Four-hour resistance 82, support below 80.7-79
Crude oil operation suggestions: After a bottom rebound in the daily chart of crude oil, the upward momentum has slowed down. Short-term is accompanied by a second roundabout retracement confirmation. The daily chart uses the middle track as the support point. Go long after the retracement confirmation.
Today's lower support continues to focus on yesterday's hourly neckline support of 80.5. Relying on this position, the main bullish trend remains unchanged. The upper target is still near the daily pressure of 83.4. The short-term bullish strong dividing line focuses on the 80.7 mark. If the daily level stands firm at this position. Continue to follow the trend and do more. Short selling can participate near the daily resistance of 83.4. (At the same time, beware of trend changes, and there is also a warning of a sharp drop in the technical side)
SELL:80.7near SL:81.10
SELL:82.0near SL:82.40
SELL:83.4near SL:83.70
Technical analysis only provides trading direction!
USOILThe US oil price is showing a short-term bearish move due to a rising wedge pattern and an Elliott Wave ABC correction. Currently, the price has completed point A and is moving towards point B. After a 50% to 61% retracement at point B, we can expect a bullish reversal, leading to a long-term move towards point C.