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Usoilforecast

US OIL LONGSo we caught an outrageous amount of pips on our oil short and we are now gathering serious momentum on our OIL long which was 4 pips away from SL!!. We are 600pips up on our trades combined. Oil is very parabolic and extremely bullish and it will continue to $71-$71.50...From this zone I believe we will see a huge reversal back down below $60. I will only look to scalp short positions until we hit that region, once this region is hit I will be taking a swing short. WHY SHORT? -No more TRUMP (was pro oil). -Biden is pro green (wants a fleet of electric cars for the white house). -Huge over supply left over from covid-19. -When the world resumes to some form or normality oil production will increase so the price will get pushed down. -No significant pull backs since $34 so it is well over-due
TVC:USOILLong
by XHRISTIE
USoil To reach the 70 ? Good Day traders !! During this analysis we can see that we retraced to the 0.382 after the last daily impulse and we expect the price to go to the upside and reach the 70 before any major retracement. We have a nice setup for almost a 1/4 RR and we expect the market to complete this target since the environment of the market is still super bullish. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
TVC:USOILLong
by TheDayzen
2
US OIL LONGLooking for oil to make a pull back upwards before we see the actual downtrend commence. We can see on the daily and most time frames that the trend is shifting. This long is risky as oil as the potential to did into the 57.80 region, for those that were messaging me knew my overall bias was short but I have been in the long trades. There are two scenarios from here. S1 Oil is bullish until $56 a barrel is broken, until this region is broken we have the potential to see $64-65 a barrel. If this is the case I will keep up to date with long trades. S2 Oil rejects the $60.60 - 60.80 region and we see the decline. If we pull to this region it would form a H and S pattern. But I would like to see $61.20 spiked in this case. This would wipe out stops.
TVC:USOILLong
by XHRISTIE