USOil | New perspective for the week | Follow-up detailThis is a follow-up video to last week's analysis as we were able to scoop over 1,200 pips profit (see link below for reference purposes). Thursday's data showed that U.S. CPI inflation eased in December 2022 and this data appears to be firing a bullish momentum as risk appetite for the Oil appears to have been bolstered. Last week's trading session witnessed a rise of approximately 7.00% to close the week around the $80 zone - a good sign of recovery. So, from a technical standpoint; the $80 Level shall be our yardstick for trading activities this week and this video gives a detailed illustration of what to look out for to either buy or sell the USOil for this week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Usoillong
OIL | XTIUSD | USOIL |USO |DECRYPTERSHI PEOPLE WELCOME TO DECRYPTERS
We may see 4H to Play first and NEXT WEEK Possible REVERSAL in oil, AS Reversal pattern is on Daily Timeframe it will take 7-13 candles At least to reach Targets 0f 86$ - 88$ , The Demand for oil will increase once china is Fully open
USOIL - Selloff started ✅Hello traders!
‼️ This is my perspective on USOIL .
We can see here that price took out liquidity above previous weekly high (PWH) and almost filled the imbalance. I expect bearish price action for short and medium term.
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USOil | New perspective for the week | Follow-up detailThis is a follow-up video to my previous analysis on US Oil commodities where we scooped close to 2,000 pips profit to start the year on a profitable note (see link below for reference purposes).
Tagged the worst trading starts for a year since 1991 - The US Oil posts its biggest weekly loss in a month after reversing gains prior to the U.S. nonfarm payrolls event where it drops by 10% to close below the $75 level. Since testing the $73 level on Wednesday, price action has been caught within a tight two-dollar channel between the $75 and $73 range for the latter part of last week's trading session to signal a level of indecisiveness in the market. This video illustrates a technical perspective on what to expect in the new week as we look forward to either a breakout or breakdown of the channel for signals.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USOIL Bullish Forecast(MY FIRST TECHNICAL ANALYSIS ON USOIL:)
USOIL is currently at a valid level of support and looking at
current momentum in price, we may see a bullish market till at least
$88. Let's take note of major psychological levels ahead while trending bullish
for potential corrections or reversals.
💡 Don't miss the great Buy opportunity in USOIL (WTI)Hello every one
It seems that we are forming a triangle pattern for the oil chart. Due to the strict policies of OPEC, we should see an increase in the price of oil up to 87 dollars.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
USOIL WTI H4 This Week Trade SetupUSOIL WTI H4 This Week Trade Setup, Oil Price will be 1st Touch Channel Middle Point than come down and 71-70 area, if Middle point Breakout so oil target channel upper point, after channel middle point to crash down we will buy from 71-70 area, i will update my tg channel. thank you
USOil | New perspective for the new year | Follow-up detailThe prices of US Oil witnessed an unstable swing in 2022; climbing on tight supplies amid the war in Ukraine, then rapidly sliding during the later part of the year on weaker demand from top importer - China and worries of an economic contraction, but closed the year on Friday with a second straight annual gain a little above the $80 (as against $75 in 2021). This video is an illustrative dissection of the chart from a technical standpoint where the $80 mark will serve as a guide for trading activities in the new year.
00:20 USOil Technical analysis on Weekly chart
02:40 USOil Technical analysis on Daily chart
08:30 USOil Technical analysis on 4H Timeframe against next week
10:00 Conclusion on next week's expectation for the USOil
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USOIL - Short active ✅Hello traders!
‼️ This is my analysis on USOIL .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price almost filled the imbalance and expect to reject from bearish orderblock.
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wti would go to moonEU and USA is about to sanction Russia with crude oil.
This would blow the price of WTI sky rocket. within few months.
strong hold in 85 dollar.
strong support means plenty of rooms.
Movingavereage is turning to a bullish side also.
I will analyze with weekly candles.
This upper movement might show in few months.
USOil | New perspective for the week | Follow-up detailThis is a follow-up video to my previous analysis on the USOil where we closed the week with close to 2,000 pips profit (see link below for reference purposes). Despite the drop in oil prices in the last couple of months to worries of recession, there appears to be some sort of recovery last week as prices climbed to close the week with a 4% growth. Could this be a reflection of renewed activities from China (the world's largest importer of crude oil) after the government relaxed COVID restrictions? Well, In this video, we looked at the charts from a technical standpoint where the importance of the current structure was emphasized as we look forward to trading opportunities from around the confluence at the $74 area in the coming week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USOIL - Retracement expected ✅Hello traders!
‼️ This is my analysis on USOIL .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalances higher and then to reject from bearish orderblock.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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USOIL top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 (WTI) - Bullish Bat + Consolidation BreakoutWTI does not look like a bearish heaven anymore. Reasons include:
1- Dropping Wedge consolidation breakout
2- Bullish bat reversal pattern to bolster the claim to expect higher levels and mark the initiation of a bullish reversal
3- Dovish Feds
4- Increased Demand post-COVID
Target:
Apparently, the current reversal picture seems like trying to approach triple figure price for WTI again. We are looking forward to the target zone as marked in the chart as red box i.e. between $98-110/Barrel.
This analysis is invalid if 72-73 range is breached!
Best of Luck and Happy Trading! Deploy extra diligent risk management while trading Oil, it is not a safe heaven instrument.
USOIL Long Strategy / Flip.What has really happened?
Drawing from reserves? Pushing the price cap narrative? They are all temporary relives, just like a plaster/bondage on a wound. Chinese demand will pick up and war continues, and latest developments around south korea...
I believe the Oil Rally is far from over, and the longer the spring is tried to be controlled/held, the harder it will be released back up.
With OPEC+ Set to meet this week, and the possibility of reduction of production, intimation of South Korea, WTI prices will also be effected indirectly for sure.
I believe the strategy is pretty forward with 3 TP targets on long, and should we cut our losses and move short before longing again, 1 TP for short.
TVC:USOIL
USOILBeen charting this move since mid July 2022, we are getting close to a bottom IMO, currently
testing the bottom TL of the mega phone pattern.
Now looks like a support flipped into resistance.
Targets remain $45-$55 for a bottom and likely big bounce from there. Which is the 618% from the covid 2020 crash when prices went negative.
USOIL - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis on USOIL .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalances higher and then to reject from bearish orderblock.
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🟢 USOIL - 4H (18.11.2022)🟢 USOIL
TF: 4H
Side: Long
SL: $79.50
TP 1: $84.30
TP 2: $86.10
TP 3: $87.56
There is a nice flag formation and RSI + MACD look reset enough to take this long position.
I think that it could go well beyond my $87.56 target. But as part of my risk management strategy, I will close at $87.56 and open another position from there if that is the case once it flips the resistance to support.