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Usoilforecast

USOIL - OUTLOOK 11USOIL - OUTLOOK 11 It has been a very very slow week for us, only 138 pips profit booked and a 50% accuracy for our trades (4 taken in total). If you are struggling to trade these conditions it is through no fault of your own. Due to the impulsive moves the charts have no structure and we are fundamental led. No matter what analysis you apply it can be undone in seconds with one statement from Putin etc! WTI closed bearish as expected and we should see further downside from here unless fundamentals drive it up during the weekend. WTI will be looking for it's next lower high which I think will be confirmed around 94.50. I expect further dips lower to fill the gap and these would be prime buy opportunities. The current economic climate is just the beginning and I still have $185 a barrel clear in my sights. There is not much more to comment as price from here becomes very choppy. Make sure you use the link below to keep up with us!
TVC:USOIL
by UnknownUnicorn33264805
USOIL - WEEK 10Traders I come to you midweek with outlook 10 for good reason. I told members I would let the market move about at the start of the week due to the large bullish gap and impulsive moves. All FUNDAMENTLS have been called correctly and the most recent one which was the banning of Russian energy exportation, I wonder where this was written over a week before hand. Next on my hitlist for fundamentals are: Dollar targeted New ATH Deep world recession Everything we predicted from a fundamental aspect has been seen and you can tell it's no coincidence! Today I mapped out a bearish scenario for WTI which is coming through perfectly so far and now that we are seeing some real pullbacks we can start returning to technicals for guidance. WTI should pull back deeper and my eyes are locked in at $99.50 - $98.22 but I also can't shake the gap fill around $92.00. There is nothing to stop USOIL hitting the $92.00 as this would provide a huge buy region, a technical gap fill and as long as it didn't close below it would be a new higher low. Price isn't bearish as a new higher high was made before the drop off. Your brokers, guru's and FX news places are all writing about how USOIL is sinking from 14-16 year highs and it's reversal time. 100% Incorrect, for USOIL to hit new ATH serious momentum is needed and large pullbacks would provide this. USOIL dropped due to inventory reports and this has been to prefect excuse to take profit on longs and get ready for the next set. Believe me when I say this $185 will be seen should no changes come from eastern Europe. All this momentum has been driven by the war in Europe so why should some reports have should a huge effect. I said repeatedly price will be sensitive to any news due to no technical data being respected. With the ban on Russia energy export it is going to leave WTI as the monopoly. This drop is an abnormality and we will take advantage! Only one way to found out how and that is using the link below!
TVC:USOIL
by UnknownUnicorn33264805
5
USOIL PERFECT ANALYSISMy coach/partner once told me, continue the quality work and not do it for views or likes, because Bees do not have to explain themselves with flees that Honey is better than shit... this proves a lot in my life, personally as a trader and as a stoic, my life have been Up and Down like the price action, but i am still heading in an up trend direction as my life pattern is forming higher highs and higher lows.. lol. Usoil for the third year is a win, i am grateful to Team PFX
TVC:USOILLong
by stuckinprofit
USOIL - LONG TERMUSOIL - LONG TERM All you have to do is read the last USOIL outlook to see the all the market projections for the week came through within the first 30 hours of the trading week. OIL opened with a huge gap which will stay unfilled unless there are positive peace talks with Russia or other positive data come out for OIL. To members I stated earlier today $185 is my next ATH target and we MUST cover this in detail as $110 is the last area of resistance before ATH so we are not far away. Day by day and hour by hour Russia are being shut off from the world and again this is becoming a financial warfare as this is the only way Russia can be targeted by other countries without being drawn into a war. Russia have been taken off SWIFT, NATO have said they won't be joining the fight and the support UKRAINE have received is in the form of weapons etc. Sound familiar? yes because it was all written before it happened. From further research it looks as though Russia as been building a war chest full of finances in preparation for this (years in advanced). Sanctions were doing little until being kicked off SWIFT, Now Russia are raising interest rates to 20% as the economy is suffering and the Rubel is worthless. There stock market has closed and they are being shut offline from wifi, satellite's and airspace. Russia can survive these sanctions but it will come at grave cost for their country. There is one more power move which countries can come together and make to deplete Russia of any hopes of recovery. BAN THE PURCHASING OR RUSSIAN ENERGY. Banning the purchase or Russian energy comes as collateral for other countries, although it would plummet Russia to a fifth world country it would have mass financial effect on the price of crude oil(WTI CRUDE) for the rest of the world. Supply and demand is the simple terms for it. Cutting from Russian gasses for EU countries would turn them to crude and this would further drive the price up and should this happen, remember this $185.12 and higher will be seen. WTI (CRUDE OIL) is use to most things you can think of - Fuel, plastics, packaging, textiles and the list is endless. This would drive the cost of living up worldwide pushing us all into a deep recession depending on how long it all lasted. Next checkpoints : Russian energy ban New ATH Deep world recession
TVC:USOIL
by UnknownUnicorn33264805
2
USOIL - WEEK 9USOIL - WEEK 9 At this moment in time it is absolutely pointless mapping any form of technical analysis on the likes of WTI, Gold and other pairs due to the heart breaking situation ongoing in eastern Europe. Everything written up regarding SWIFT has now happened (It was no surprise as it was the only way for the outside world to cripple Russia without war). This war has the potential to last for months causing chaos in the FX, crypto and stock market. When the market opens we can expect large gaps in all areas so I will not trade Monday whilst the market catches up with itself. I will not go to deep into technicals because at this stage they have no validity. I have marked two dipping zones for WTI which I would be interested in taking longs from but I would be surprised if we even saw a dip. I expect WTI to enter back within the $100 per barrel in the near future. From here out, it is simple/// Prolonged conflict, sanctions and negative reports will cause bullish impulses in WTI BUT on the other hand. A break from conflict, sanctions lifted and positive media reports will cause bearish impulses on WTI. At this moment in time we are all trading fundamentals rather technicals.
TVC:USOIL
by UnknownUnicorn33264805
4
US OIL MARKET OUTLOOKWTI - Market outlook. Last week we did well on WTI taking some big trades and a few scalps, this week we have smashed it straight away. All projections have been followed to perfection and altered along the way when needs be. A new Higher Low was created in the bearish channel and we have secured over 300 pips today from this move. We are anticipating more bearish pressure from here but below 89.44 and we will see a swift move lower. We are well positioned, SL at breakeven, 50% of profits already taken and now we can relax and watch the market do whatever it likes. In this climate WTI can go anyway which it pleases, fundamentals will be more apparent and will shine through before the technicals which is why we are taking profits and securing entries at breakeven. As stated in the week 8 outlook this is an important week and would should get a medium-long term direction after this week. Iran entering the market and a peace agreement with Russia with sink WTI and start a bear cycle which is what economies will want as at the current climate the inflation is becoming unbearable. Don't miss out!
TVC:USOIL
by UnknownUnicorn33264805
1
USOIL still has room to climb 🚀Hi Traders, USOIL has been developing bearish price action recently which we were expecting a drop from the upper boundary of the HTF. As we know in trading, the market changes very quickly which we need to adapt our minds to look for all possibilities and looking at the current developement in price action, we can see price moving within a decending channel with a double bottom to push the price up one more time to around 98.0 or even 100.0 range. Whats your view on USOIL? Leave a comment below and let's talk about it. Click the like button if you agree!
TVC:USOILLong
by ktlfx
USOIL - WEEK 8WTIUSD - WEEK7. We have began to see some bearishness in oil now and it's causing issues within the market. Oil is more fundamentally driven rather than technically driven at the moment which is why we are seeing impulsive spikes on the charts. Oil has triggered a bearish channel in its overall bullish trend. Oil dropped today which was projected and made a new LL in the channel but this is now a confirmed LH in the over all trend. The candles show direction and it's very clear the bearish candles are much more aggressive than the bullish ones showing bears in control. Oil has broken a wedge within the channel and looks to be heading up, I potentially will be shorting Oil should the correct set up present itself. I will be looking to see how the candles react with the trendline before I make any trades. The swing high now lies at the major line of 94.50-60 and this is where we will either turn bullish or bearish. I expect price to creep back into this region but I will wait for confirmation before entering anything as I expect some wild moves and fake outs. Iran look as though they could be coming back into the market to dump a lot of their oil which would cause a mass sell off, in reality there is going to be a peace deal with Russia but inflation still remains a problem. Due to conflicting fundamentals and technicals I have no bias in oil right now. I am leaning towards bearish in the medium to long term but we need the media to stop scare mongering first. Oil can go in any direction from here and when trading it you need to be willing to accept that should it go against you. I will be waiting for confirmation and upon a new HL made I will short. Above 94.50-60 = BULLISH Below 94.50-60 = BEARISH
TVC:USOIL
by UnknownUnicorn33264805
2
US OIL MARKET ANALYSIS - WEEK 7WTIUSD - ANALYSIS From the last post we can see that price has followed projections almost perfectly. At the start of the week we took a short which was stopped out. Unfortunately we were in the market to early but I am still happy to see that we can predict the moves of the book markers. OIL declined due to easing tension with Russia but an agreement has not been met so price can still be volatile. We took a long from 90.80 giving us a total of 210 pips profit from where we took profit. Some followers are still holding for the swing. Above $93 and OIL will be bullish but below we can test the daily lows again and even dip lower to 90.20. 90.20 is the absolute maximum bearish threshold OIL can endure as any closes below it would change price structure. On the daily OIL created a new lower high which is a good sign of more upside to come but again OIL needs to go above $93, if OIL does get above that region then $97 is the next target. I am currently assessing price and waiting for the next entry. Any peace agreement in Russia and OIL will take a serious hit but inflation is still a driving factor at this point.
TVC:USOIL
by UnknownUnicorn33264805
Us Oil ; 10th Consecutive Weekly Bull Candle? Or 94$ Supply HoldI like the fact that market structure closed high on Friday, punching out a new High to end the week. It seems like the markets reaction to the Friday Ukraine/Putin News was bullish. However, as a practical thinker, it makes sense for me to look for high risk to reward shorts here, will be keeping an eye on 20m Timeframe market structure for LL's and LH's. Looking for swing trades back down to 91$ this week dependent on market structure for the first few trading sessions of the week
TVC:USOILShort
by ShrewdCatfx