Usoillong
USOIL - Long from bullish order block ✅Hello traders!
‼️ This is my perspective of USOIL .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I look price to make a retracement to fill the imbalance lower and then to reject from bullish order block for a long position.
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US-oil weekly bias West Texas oil/ U.S. oil. It looks like it may want to push up towards the higher area of supply which has been left unmitigated... Based on the moves we saw last week, which were predominantly bullish towards the end of the week, lead me to believe we could be hunting the high levels of liquidity that lie above our previous highs. If this is the case, it will take us directly into the unmitigated daily supply that we have highlighted.
After tapping into the area of demand and sweeping a previous low, we have left impulsively to the upside, therefore leading me to believe upside movements may persist.
As per all of our markups, we'll be watching this on a smaller time frame to determine which direction it truly wants to move in, but on the daily and four-hour timeframes, you can see we have broken clear structures to the downside whilst still moving towards the high of our daily range.
With the CPI coming this week, we can effectively say that we will see some shifts in this pair.
Overall my bias on this is long, but I would like to see a clear confirmation to take the trade. Once the move to the upside is complete, I believe we could see further downside for the US oil industry.
Fundamentally, this pair does not correlate with what we're seeing in true price, which essentially could lead us into a bullish move if areas of supply that are shown on the daily do not hold.
**Be aware we have a smaller time frame area of supply just above where the price is currently, which is not shown in this markup**
USOil | New perspective for the week | Follow-up detailOPEC+ panel endorsed the oil producer group's current output policy at a meeting on Wednesday - 2nd February 2023, leaving production cuts as agreed last year in place amid hopes of higher Chinese demand and uncertain prospects for Russian supply. Despite fundamental expectations, the US Oil prices tumbled 8.5% during the course of last week's trading session to signal a fresh dent in oil market sentiment for the month of February. This video illustrates a technical perspective on the current market structure for trading opportunities 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 - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USOIL .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking only for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block.
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💡 Don't miss the great Buy opportunity in USOIL (WTI)Hi dears
We are in a very good support zone to buy. I think that oil has the potential to grow up to 100 dollars. The first target I set for it is $87, and after crossing this target, I entered a buy position for $100.
What do you think? I will be happy to tell you your opinion
USOIL - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective on USOIL .
After the change of character, here I am looking for shorts. If price continues the retracement to fill the imbalance higher and rejects from bearish orderblock I will consider to open a short position.
‼️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 OUTLOOKWith NFP being released this week Friday, WTI has yet again maintained a strong supply level at 81.87, this take us back to the monthly time frame where there’s been more buying pressure and shift of sellers momentum on the weekly time frame.
If 79.50 holds as a solid resistance, we could see price fall towards 78.10-77.43 range where I would anticipate a buying opportunity if respected.
With price closing below previous support at 79.50, if support is respected back above 79.50 level, I would anticipate buys towards 81.87-82.35 range.
USOil | New perspective for the week | Follow-up detailThis is a follow-up video to my previous analysis on the US Oil commodity as we close the previous week on a profitable note with over 300pips in profit (see link below for reference purposes). China being the world's number one importer of crude oil - the start of the Chinese New Year holiday will be closely watched to see if travel activities will be as robust as expected. As trading activities continue around the $80 zone and the long-term bearish trend line identified on the daily timeframe, from a technical standpoint, there is a high chance that price action might continue to find higher highs in the coming week(s). So the $80 - $82 zone shall be serving as a yardstick for a trading activity 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.
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 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 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 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 | 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 $80 Level shall be our yardstick for trading activities this week and this video gives a detailed illustration of what to look out for to either buy or sell the USOil for this week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
OIL | XTIUSD | USOIL |USO |DECRYPTERSHI PEOPLE WELCOME TO DECRYPTERS
We may see 4H to Play first and NEXT WEEK Possible REVERSAL in oil, AS Reversal pattern is on Daily Timeframe it will take 7-13 candles At least to reach Targets 0f 86$ - 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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