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Tuesday: USOIL - Week 32Hello Traders! Check Related Idea for market context!! I 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. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
TVC:USOILLong
by INotFancy
1
USOIL Daily analysis, Bearish Reversal possibilityHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The WTI/USD is giving a lot of bearish signs for the next few days movement and has dropped from the 73.81 range and reached 68.16 yesterday, the price has crossed the support line at 70.36 and closed below it which turned that support line into a resistance line now, and that the price of the market is looking bearish for the time being. A trade through 69.19 will signal a resumption of the downtrend. A move through 74.23 will change the main trend to up. A 3 Black Crow pattern has appeared on the daily chart which usually indicates a bearish reversal. So we might be seeing 2 Scenarios before this week ends : Scenario 1 : The price will drop even more and hit the support line at 66.15, and a battle will happen between the Bears and the Bulls and the Bulls will try to get that control back. if the Bulls were able to get control over the market then we should be seeing the price bouncing back up to 70.36. Scenario 2 : Just like in scenario 1 the price will drop and hit 66.15, but the outcome here will be in favor of the bears and the bulls will not be able to gain control over the market until the price reaches another support line. If the Bears were able to hold control then we could be seeing the price dropping even more and could be headed for the 61.68 range where the support line will be waiting to be tested. Technical indicators confirming this bearish movement as we see that : 1) The market price is below the 5 10 20 and 50 MA and EMA (Bullish sign), but still above the 100 and 200 so for the long-term trend we could still see the market Bullish. 2) The MACD crossed the zero line showing the change of the market to a Bullish state, with a negative crossover between the MACD line and the signal line (sell signal) 3) The STOCH is in a Bearish state with a negative crossover between %K and %D, a divergence has been found between the Market price and the Indicator which could indicate a reversal Support & Resistance points : support Resistance 1) 69.27 1) 71.99 2) 67.97 2) 73.41 3) 66.55 3) 74.71 Fundamental point of view : U.S. West Texas Intermediate crude oil futures are trading lower on Wednesday as growing concerns over potential demand destruction in the United States and China, due to the spread of the coronavirus Delta variant, offset potentially bullish geopolitical developments in the Middle East and another draw in domestic oil inventories. According to the American Petroleum Institute (API), U.S. crude inventories fell by 879,000 barrels for the week ended July 30. Gasoline inventories fell by 5.8 million barrels and distillate stocks fell by 717,000 barrels, the data showed. Official Energy Information Administration numbers are due later on Wednesday at 14:30 GMT. Traders are looking for a draw of 3.2 million barrels. According to FXEmpire This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:USOILShort
by GabiDahduh
2
Wednesday: USOIL - Week 30Hello Traders! Check Related Idea for market context!! I 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. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
TVC:USOILLong
by INotFancy
Friday: USOIL - Week 28Hello Traders! Check Related Idea for market context!! Looks like the structure will break the low, and then we can look for bullish clues to buy. I 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. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
TVC:USOILLong
by INotFancy
Monday: USOIL - Week 27Hello Traders! Check related ideas for market context! Trade with care!! I 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. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
TVC:USOILLong
by INotFancy
WTI Oil :Likely to break the range bottom eyeing 59.50 level As expected ,Stop hunts are happening either sides of the past 10 day range (61.70-66.05).Yesterday we have seen a strong stop hunts by bears around 61.90 area and price barely managed to come inside the range. Speculative sentiment index is around 80% and technically the outer rectangular range bottom around 57.40 level needs to be tested before any upside breakout. Trend : Range Signal : Sell Limit (64.10-64.40 ) , Or a Split Sell at CMP based on your R:R / Position size + Limits Stop Loss : 65.35 Target : 59.50 - 57.40 Handle .
TVC:USOILShort
by UnknownUnicorn13514545