Friday: Crude Oil - Week 18I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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Usoilforecast
USO: Pump up the Jam! ⛽⛽⛽Guys, fill up your tanks before the upcoming run, as we expect the USO to rise in the long run! However, in our primary scenario, we should see a correction down to around $35.41, given that the price is not breaking out above $44.64. This breakout has a high probability of 40%. So, it remains exciting to see whether the USO is taking the long road or is trying to take a shortcut.
What shall we look at next?
USOIL, 8hr tf, sell on trendline retest
As you can see i draw a descending trendline which will be our resistance for USoil.
As long as price below this trendline and hold below 64.50, we could see further decline in USoil.
I am planning on taking sell positions for USoil.
This trade gonna have 110 pips stop loss so use proper risk management for this pair.
Desclining oil coulf provide fuel to our AUDCAD trade ideas which i shared as well. Check my link down below as well
Sell USOIL 63.40
Stop loss 64.50
Take profit 57.60 (5.2R)
Use only 1-2% risk
Good luck
US OIL MARKET BREAKDOWN Bit of strange and I felt uncomfortable recording it but it had to be covered! Fundamentally oil is bearish but technically it is becoming bullish again!.
I have not provided any trades on this video as at this time it is a no go until price develops properly! We sit, watch and wait for the right price!
Come join us down below!
USOIL trade update idea........
when breakout this pattern then oil goes down 55.74 and 53.87 level.
Dear Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
USOIL - Buy Entry - H4 ChartUSOIL - Buy Entry - H4 Chart
Buy @ Current Market Price
Stop Loss @ 57.219
Take Profit @ 62.056 Risk/Reward Ratio 1 : 1.7
Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance
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🔺 DISCLAIMER
🔺 The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
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US OIL LONGGood Morning another beautiful start to the trading week for the Barons!
Oil has followed my analysis perfectly from the call to 61.70 to drop all the way back down to 60.00. This was all covered in the market breakdown...I would like to see price closing back above 60.30 to provide us with more of a potential to push higher from here...It pays to be a baron! ;)
Come and follow the link down below!!
3 trades - 2 taken profit and 1 in profit!
Trade 1 - 70 pips.
Trade 2 - 50 pips.
Trade 3 - running 20 pips profit.
USOIL 4H TIMEFRAMEHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
US OIL MARKET BREAKDOWN Good Afternoon
OIL has closed on one of the most indecisive places it could have done...for those that watch my video breakdown knew I anticipated this movement. This is where trading becomes somewhat complicated but hang with me...OIL has closed above that magic 60.60 and above our 1hr trendline which in theory should give us a bullish movement but the trendline is not mature enough yet to aid this breakout bias. What we can see is a double top forming but within this there is a lot of doji candles forming on this spike compared to the first one. DOJI'S mean indecision in the market! right now its 50/50 so we need to wait for direction on Monday but looking at this I do not think the lower frame trendline will hold and we will now see a push up to the higher trendline.
US OIL MARKET BREAKDOWN (NO BULLS ALLOWED!)Hey guys...
Here is a mid week oil market breakdown, I hope you enjoy it! It was a hard video to get across because oil is up to one of it's many tricks!!! Ooooops I think you dropped something at the bottom of this ;).
MY TRADE :
Short from 61.14
SL - 61.56
TP - 56.00
INVALID if we break and close above 61.24!
Ooooops I think you dropped something at the bottom of this ;)
US OIL LONGSo if you haven't watched our breakdown video I recommend you do!
Theses are the two oil trades that I have lined up for this week. The long is very risky so I will be using a 2% risk for that trade. I am looking yo long from 60.60 where I aim to take profit at $64.32 and then go short!.
Every chance oil will continue to dump from this region but in reality it should pull back first!
US OIL MARKET BREAKDOWN Good Afternoon and Happy Sunday!
In this video we begin to peel back the price action and structure on oil and you can find our next trade! Want to keep up with us all the time?? follow the link below!!
We had some really kind messages about the oil short we provided...it means a lot to us that we can impact your trading in a positive way! THANK YOU!
US OIL SHORT UPDATEA perfect trade to add to our portfolio!
Well done to everyone that caught short! OIL bear market is now confirmed and we caught the drop perfectly, pull backs are due which you can see our set up here and at this point the FOMO from both sides should be out of the market! A video market breakdown will come either tonight or tomorrow...follow to stay tuned!
Want more??;) Look hard enough at the bottom of this idea and you'll at one with oil;)
USOIL BEARMARKET?So yesterday I stated OIL was at it's make or break zone...we had a push up from our second buy which we did manage to salvage some profits from before it came back down past our entry.
If OIL can close below the $64.50 region on the daily then the bears should now be in control...for those that saw the updated comment I put on the last video I stated that a break and test and close below $64.50 and we will take shorts, this is exactly what we have done and now we are in nice profit! Bears should begin to take over from here and we should see a nice decline towards $60 a region.
US OIL LONG UPDATEEverything that was mentioned in market breakdown volume #1 as come through to perfection...now running 97pips you could not ask for anymore on a Monday!
In this video I breakdown for price action we have seen and where I think price is going next...I hope you all enjoyed your profits!
OIL LONG is running in a great amount of pips but there is the potential for so much more! and this came with an extremely small risk and next to no draw down!
Get following this account for the BEST oil content!
OIL MARKET BREAKDOWNOIL MARKET BREAKDOWN VOL.1
Good evening everyone...I hope you all enjoyed the 800 pips provided because we certainly did. Here is my breakdown on oil...it's around 10 mins long but there are a few gems hidden throughout. This our new page from XHRISTIE and it's dedicated to EVERYTHING oil. FOLLOW us for great oil analysis and trade set ups!
I am bearish overall in OIL and it is well due a market crash!
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