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Usoillong

US OIL MARKET BREAKDOWN The above chart is USOIL on the 4hour and this should be the primary focus for the next two weeks. As stated in the last breakdown USOIL made a V SHAPE recovery which was bullish and sellers have failed to make a 100% retracement. We now have a gap close to the important zone of $104.60 and we can bet if price comes back up to this level to fill the gap it will break through and create that fake out scenario BUT price should go to the 78.6 fib which lines up very close to liquidation region which would be my ideal zone to short from. KEY ZONES • $111.60 - Swing high • 107.90 - Bearish below but bullish above • $104.60 - Significant support/resistance zone • $92.00 - Short below with strong closes below • $90.60 - Swing low • $86.90 - Next swing low target So, we have covered USOIL and we know it isn’t dropping to the very lows anytime soon and this bearish move we are seeing now is simply the correction from APRIL 2022. Now I’m not saying USOIL is bearish overall but it is in the short to midterm but we know that with the current economic state and conflict in Europe that price can go anywhere hard and fast. Ideally as USOIL is now bearish I would be shorting and now I wouldn’t be interested in a long until we have seen that $76-$74 region (Remember to trade the trend). USOIL could absolutely fall off to $86 from this current location but as you can see, I have more reason to believe we will have one more push up to wipe out the highs.
TVC:USOIL
by UnknownUnicorn33264805
19
Expecting a bullish setup USOUSD for the week of 18 July, 2022The daily chart shows we have solid support between 93.58 and 98.70. Recent price action with a long wick pin bar confirms my bias. As shown on my H4 chart, I am looking for a break above the trendline with a retest to confirm my bias and to go long. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management and stay patient in all your trades.
EIGHTCAP:USOUSDLong
by Trading_Vista
USOIL - A Recession in the not-too-distant futureCommodities super cycle is over? Or we are heading towards recession? Only Gold in the previous week gave some gains to their investors while the other remains in question Let's talk about the oil in particular amid to investors eyeing recession is not too far. Technically speaking, USOil is holding the 94 firmly while it made a inverse headnshoulder indicating more downside. If this range of 30$ is broken, we have a clear target and recession in not to distant than. Its important to see how Biden administration deal with OPEC countries about the supply and Putin-Salman talks. Where do you see we are heading?
TVC:USOIL
by TradeTrio
4
US OIL MARKET BREAKDOWN USOIL MARKET BREAKDOWN: USOIL started this week off and members knew that this was coming but I anticipated higher than the string supply/demand zone of 104.60 which has been a key point for USOIL in the past few months. Right now I see the follow, a "V SHAPE" recovery which is usually a bullish sign but also sellers have failed to make a %100 retracement of the bullish leg we saw at the start of the week and now we have a new higher low we and equal high. USOIL is bullish overall but it's currently having a correction which has been long anticipated, the key points to focus on in this current structure are $111.50 (SWING HIGH) and $90.50 (SWING LOW) so we have a very broad range of movement. From the roll overs we started off with a gap which I think will be filled before we see the next move down (gaps are usually filled before price breaks structure). Next week I will be targeting a long position form the bottom zone all the way up to $107.70 which if this goes to plan I will open a swing short. If $92.00 broke solidly on the daily before the gap fi;;ed then I would look to short that level. Didn't take many USOIL trades this week due to it's choppy price action, we took one long which was stopped out around 90 pips. Nerveless we move, plan and prepare
TVC:USOILLong
by UnknownUnicorn33264805
CRUDE OIL: Bullish Pin Bar SignalCRUDE OIL – Futures: Price Moved Higher From Within The Range Of The Long-Tailed Bullish Pin Bar Signal Price Action: Price formed a Bullish Pin Bar Signal overnight (We are not considering trading this signal). Price moved higher from the prior Long-Tailed Bullish Pin Bar Signal that had formed late last week (We suggested buying on a retracement lower into the range of this signal in the July 15th daily newsletter and hopefully some traders got on board). Potential Trade Idea: We are considering buying on a retracement lower to within the range of the prior Long-Tailed Bullish Pin Bar Signal that had formed late last week.
TVC:USOILLong
by UnknownUnicorn393254