⁉️ USOIL Weekly Analysis✅ Here I am looking for a long position if the price takes out the liquidity below equal lows+PWL (previous weekly low) and closes the imbalance.
Usoilforecast
Oil Repeting Pathern?We know how istitutions and people in general are moved by emotions, and chart partherns most of the time
will USOIL behave in the same way?
There are few events in the Economic Calendar for the next week previewing a rally on the dollar, which may cause Oil prices to plunge a bit
We are Heading LowerDisclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Magical squares in Oil. Pay attention on it. We could see 3 global square range at the Oil chart for last 10 years. I call it Support, Resistance and a Transit zone. You could see that we have successfully leaved Support zone (so, no Oil shorts any more) and follows to the Transit zone. There are 2 main options now - to push off from it and return to Support zone or to come inside of it. If we come inside of Transit zone, it means we are on the path to Resistance Zone. And that's 100+ Oil price area. Let's suppose we are take off in Transit zone. There is a question - how long Oil is going to be passing throw it? You can see app. historical periods on chart.
I have viewed a lot of forecasts at TV and there is almost absent some setups with 100+ price range. That could be a sign that traders are not expect fast emergence of Resistance zone. That could mean that this time transition could be really fulminant (almost no one expected of Oil's drop to 40 area from 140). Anyway, I prefer to forgot of longterm shorts of Oil for 2017.
Happy New Year! Best wishes for everyone. Wish you an excellent year with a lot of joy and profits. May all your dreams come true. Be happy!
USOIL seems BearishUSOIL is tested it's supply zone and now it is rejecting it. If it fall from the current price then we can see further down fall. Better to look short on USOIL as it make highest price.
USOIL LONGS 📉📉📉📉 Expecting bullish price action on USOIL as price takes out sell side liquidity below weekly lows 93.90. I think the strucutre will shift from bearish into bullish from there and we will see 106$ level hit asap
What do you think ? Comment below.
USOIL LONGS 📉📉📉📉 Expecting bullish price action on USOIL as price takes out liquidith below the weekly lows + rejects a bullish orderblock area on H4. We are bullish from a fundamental perspective in my opinion. The targets for this week if we have enough volatility would be somewhere around buy side liquidity area 109.000 old highs liquidity.
what do you think ? Comment below..
USO: Island Hopping 🏝 Summer is approaching slowly but surely, and some might start to arrange their next holiday. Meanwhile, USO is already heading south and has a bit of island hopping planned. The first stop should be in the green zone between $68.62 and $66.43, where USO should finish wave 3 in green – and maybe drink a cocktail or two. Then, it should draw some breath in a short countermovement to complete wave 4 in green. Afterwards, the next green island between $62.86 and $60.67 is waiting, where USO should conclude wave 5 in green, wave c in orange and wave in magenta. Following another countermovement in wave in magenta, USO should finally reach the warm beach strip between $60.18 and $43.48 to finish wave in magenta and wave (2) in yellow and to catch some rays.
USOIL CRUDE OIL - Multiple scenarios ⚠️ This idea is based on my technical analysis only. Do your research and trade on your own risk!
USDWTI: HUGE MOVE POTENTIAL TO UPSIDE Hello, Traders! Based on Daily timeframe Price has broken structure, same as H4 and H1 turning from uptrend to downtrend where I anticipate price to go all the way to Taste 3minutes or 2minutes inv point before Skyrocket to upside which has already Tested . If you like my ideas follow me with likes and comments I'll also try to share best ideas with you.
USOIL - APRIL IS REVERSALWe have analyze last 12 years of USOIL data in the month of April. The data supports bulls as 8 out of 12 times the April month give bullish closing. While 4 times bears won the battle.
The most important findout from the analysis is the behaviour of April.
April seems to be reversal or it define top or bottom. During Covid-19 crash when the futures crude oil went to negative, April defined the bottom and we see price appreciated from there.
Similarly, as highlighted on the charts with small arrows, April either defined top or prove to be a reversal point.
This year 2022, The March leaves a big wick on the sellers zone and price retracted back to 30% of the month. It is also noted that the price is trading near the strong seller zone which USOIL has unable to break since Jul 2008.
Have we seen the top and price will reverse from here?
What do you think ?
USOIL for the SellSo Biden is saying that they’re going to release oil into the US market for the next 6 months.
So what that tells you is we’re going to be selling usoil for the next 6 months. Coming Monday you’re gonna have its retrace.
And it’ll come up once and this is going to be your base period pattern on the daily for the next 6 months.
USOIL - LONGS EXPECTED THIS WEEK 📉📉📉📉 USOIL - Market Analysis for the upcoming week.
What do you think ? Comment below..
UsOil in your HandsPlease read the description below carefully
We have Scenarios about oil And for now two of them is important !
In this analysis, it is assumed that wave 5 is extended !
scenario 1 : we in wave 4 and the pattern is Triangle ! So after Wave e ( close 93 ) complete, we have an impulse to complete wave 5 ( 140 or above )
scenario 2 : in this scenario, Wave 4 has a zigzag structure ( abc ) And wave c is completed near 84 !
If price broke 84 dollar and stabilizes below that, then Wave 5 was not extended And the peak is before the end of wave 5 and we enter a heavy correction which is given an analysis update.
wish you all the bset !
USOIL - Short Ideahello guys , short term at least Short opportunity I am seeing in USOIL , be careful with your risk / money management before getting into trade
this is not any financial advice, trade at your own risk
USOIL top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USOIL LONGS ACTIVE 📉📉📉📉 Expecting bearish price action on USOIL as price takes out weekly lows and fills a bullish imbalance on the H4, we have a clear bullish market strucutre from a HTF premise on this chart and we should go higher somewhere around 120 price area where we have a lot of bearish imbalances.
From a market seasonality stand point we are in a CLEAR BULLISH SEASONALITY meaning the price of USOIL should rise more and more, way above 130$ per barrel.
What do you think ? Comment below..
USOIL long trade idea This is not financial advice. This is for only my private trade plan. If you have follow at your own risk.
USOIL_H1_H2_H4 Multi Time Frame H&S BreakoutUSOIL_H1_H2_H4 Multi Time Frame Head & Shoulder Breakout Posible Bearish Reversal, Share your opinion in comments, if you like my idea follow me. Trade your own style and manage your trade your own risk. thank you...
USOIL LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on USOIL as we are in a bullish market strucutre on a D1/H4 market strucutre premise, price filled a bullish imbalance on h4 and rejected a bullish orderblock that should act as a valuable area of ,,support, if you will. We have strong bullish momentum, and i hope for a strong bullish closure on H4 that could sign a potential reversal.
What do you think ? Comment below..
USOIL LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on USOIL as we are in a bullish market strucutre from a H4/D1 perspective, price is rejecting right now a bullish orderblock area on H4 this area could act as a valuable area of support if you will. Another reason why i think we go higher from there is because price has a lot of bearish imbalances near 120$ area that are still opened price could be magnetize there to fill the price inefficiency.
What do you think ? Where we go next ?
Oil's last run ; before a slow demiseOil's last run ; before a slow demise
Just wanted to look at oil and record this obvious fractal down somewhere. Lets see if it plays out.
The age of oil is coming to an end. Putin has now sped that up.
Him and his goons no doubt had some very sick oil longs on knowing they would create a crises. Its all pretty disgusting really.
USOIL still BULLISH.If you are going to check the Daily chart, it is overall bullish with a room for correction. However, it will be decided what plays if it will breakout or not. Please trade accordingly and be careful because there are always blood in the markets. Thank you guys
