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Usoilforecast

USO: Rubber BallLike a rubber ball, USO has bounced off the green zone between $77.92 and $79.69 twice and finished wave 5 in green. We now expect it to jump a bit higher still to finish wave ii in orange before dropping down until the support line at $67.68. There, it should rebound to complete wave iv in orange and resume the overarching downward movement afterwards, which should lead into the turquoise zone between $60.18 and $43.48. There is a 30% chance, though, that USO could jump above the resistance at $87.83, thus continuing the ascent instead.
AMEX:USO
by MarketIntel
USOIL MARKET OVERVIEW Good evening everyone; We stood off WTI this week and let it run it's course, we got caught out a few times last week trying to take some trades but they don't always work out. WTI has completely broken it's short to mid-term structure and I only think thinks it's pulling back due to weekly closures. I believe that WTI we continue bearish but the overall bullish trend can't be prevented. I am still targeting $185 a barrel which I think we will get the next leg for once we have the long term trend correction. Governments are trying to resolve the energy crisis which is being heavily influenced by the price of USOIL. I believe OPEC will make attempts to increase the number of active rigs and output in an attempt to drive WTI down (which it will) BUT only temporarily. This is a train which will not stop until inflations clams down but we're only just getting started. We warned of inflation, recession and market crashes before it even hit your mainstream media screens.
TVC:USOIL
by UnknownUnicorn33264805
3
usoilIf 5 waves are in off the march 2020 lows during the covid crash then we topped around $130. We should now correct the entire move in the ABC which looks like a Flat because wave A was very shallow. This means that as long as wave B is in already then Wave C should be 5 waves down and test the golden fib ratio around $58. As the ABC reveals itself I would expect it to be not very neat and clean as I am forecasting today and probably develop into a very complex double or even triple correction to wipe out all the bulls. So this is just a preliminary forecast. We will be looking to buy this dip with crypto win profits because after the correction to USOIL is complete we should expect a new impulsive 5 up to start and go way past $130.
FX:USOIL
by Big_Mike716
1
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
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