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Usoillong

USOIL - WEEK 9USOIL - WEEK 9 At this moment in time it is absolutely pointless mapping any form of technical analysis on the likes of WTI, Gold and other pairs due to the heart breaking situation ongoing in eastern Europe. Everything written up regarding SWIFT has now happened (It was no surprise as it was the only way for the outside world to cripple Russia without war). This war has the potential to last for months causing chaos in the FX, crypto and stock market. When the market opens we can expect large gaps in all areas so I will not trade Monday whilst the market catches up with itself. I will not go to deep into technicals because at this stage they have no validity. I have marked two dipping zones for WTI which I would be interested in taking longs from but I would be surprised if we even saw a dip. I expect WTI to enter back within the $100 per barrel in the near future. From here out, it is simple/// Prolonged conflict, sanctions and negative reports will cause bullish impulses in WTI BUT on the other hand. A break from conflict, sanctions lifted and positive media reports will cause bearish impulses on WTI. At this moment in time we are all trading fundamentals rather technicals.
TVC:USOIL
by UnknownUnicorn33264805
4
USOIL 91.05 -3.03 % LONG IDEA * CONT. PTTNS & PRICE ACTIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. LOOKING AT THE USOIL * The ENERGY is currently trading in an uptrend , just consolidated, broke out and retested the structure . - Short term the pair has currently at the supply zone could go lower but looking for possible continuation with the bulls. - Looking for LONG entries on the THE CRUDE this week should all the rules of the formation be met. ******* CRUDE OIL INVENTORIES ON THURSDAY, there is a decrease in the oil is actually less than expected @ 1.121 M which implies HIGHER demand and the energy could react BULLISH. So lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:USOILLong
by PULEMokhothu
5
USOIL MARKET OVERVIEW WTI - OVERVIEW WTI followed analysis perfectly and tapped $90.70 which was our TP 2 region for 365 pips. WTI saw the reversal back up from here but failed to break the HL and the daily closed fairly neutral. I am somewhat bearish and bullish on WTI. As explained previously positive Russia news and Iran entering the market will cause a mass sell off and right now we are seeing some of the most bearish price action we have seen in a while all whilst Russia invaded but price failed to break the recent highs, what does that tell you?? It's all a show, bravado and likely nothing will come of it but any FUD will allow for manipulation. Should Negative news on Russia (FUD) or the Irian and US nuclear fall through it's likely WTI will go higher. Economies are struggling with rising inflation and with WTI as one of the most impacted commodities society and nations are feeling the burn to the point where it is not becoming unsustainable. WTI needs to come down to counteract this damage and positive media about Russia and Iran coming back to the markets is a perfect way to do this. Make sure you're following us and using the link down below so you can keep fully up to date with us!
TVC:USOIL
by UnknownUnicorn33264805
2
US OIL MARKET OUTLOOKWTI - Market outlook. Last week we did well on WTI taking some big trades and a few scalps, this week we have smashed it straight away. All projections have been followed to perfection and altered along the way when needs be. A new Higher Low was created in the bearish channel and we have secured over 300 pips today from this move. We are anticipating more bearish pressure from here but below 89.44 and we will see a swift move lower. We are well positioned, SL at breakeven, 50% of profits already taken and now we can relax and watch the market do whatever it likes. In this climate WTI can go anyway which it pleases, fundamentals will be more apparent and will shine through before the technicals which is why we are taking profits and securing entries at breakeven. As stated in the week 8 outlook this is an important week and would should get a medium-long term direction after this week. Iran entering the market and a peace agreement with Russia with sink WTI and start a bear cycle which is what economies will want as at the current climate the inflation is becoming unbearable. Don't miss out!
TVC:USOIL
by UnknownUnicorn33264805
1
USOIL still has room to climb 🚀Hi Traders, USOIL has been developing bearish price action recently which we were expecting a drop from the upper boundary of the HTF. As we know in trading, the market changes very quickly which we need to adapt our minds to look for all possibilities and looking at the current developement in price action, we can see price moving within a decending channel with a double bottom to push the price up one more time to around 98.0 or even 100.0 range. Whats your view on USOIL? Leave a comment below and let's talk about it. Click the like button if you agree!
TVC:USOILLong
by ktlfx
USOIL - WEEK 8WTIUSD - WEEK7. We have began to see some bearishness in oil now and it's causing issues within the market. Oil is more fundamentally driven rather than technically driven at the moment which is why we are seeing impulsive spikes on the charts. Oil has triggered a bearish channel in its overall bullish trend. Oil dropped today which was projected and made a new LL in the channel but this is now a confirmed LH in the over all trend. The candles show direction and it's very clear the bearish candles are much more aggressive than the bullish ones showing bears in control. Oil has broken a wedge within the channel and looks to be heading up, I potentially will be shorting Oil should the correct set up present itself. I will be looking to see how the candles react with the trendline before I make any trades. The swing high now lies at the major line of 94.50-60 and this is where we will either turn bullish or bearish. I expect price to creep back into this region but I will wait for confirmation before entering anything as I expect some wild moves and fake outs. Iran look as though they could be coming back into the market to dump a lot of their oil which would cause a mass sell off, in reality there is going to be a peace deal with Russia but inflation still remains a problem. Due to conflicting fundamentals and technicals I have no bias in oil right now. I am leaning towards bearish in the medium to long term but we need the media to stop scare mongering first. Oil can go in any direction from here and when trading it you need to be willing to accept that should it go against you. I will be waiting for confirmation and upon a new HL made I will short. Above 94.50-60 = BULLISH Below 94.50-60 = BEARISH
TVC:USOIL
by UnknownUnicorn33264805
2
USOIL 93.50 +1.32 % LONG IDEA * CONT. PTTNS & PRICE ACTIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. LOOKING AT THE USOIL * The ENERGY is currently trading in an uptrend , just consolidated and rejecting at fib level 61.8 %. - Short term the pair has currently at the supply zone could go lower but looking for possible continuation with the bulls. - The energy saw a break and close above a structure possibly signaling that we could see some continuation with the bulls. - Looking for LONG entries on the THE CRUDE this week should all the rules of the formation be met. ******* CRUDE OIL INVENTORIES TOMMORROW, the increase in the oil is actually MORE than expected @ -4.756 M which implies LESSER demand and the energy could react BEARISH. So lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:USOILLong
by PULEMokhothu
USOIL, The path to 100Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Oil prices recovered losses after falling more than 3% the previous session, as investors assessed the impact of reducing Russia-Ukraine tensions against a tight global supply-demand balance. The market seems to be moving in a positive way after seeing the Oil prices rise mainly because of the tensions between Russia and Ukraine and today it's trading at 92.90 per barrel with a Bullish candle showing on the charts. We might see a drop back to the main support area located near the 84$ zone where a big battle will happen between the Bears and the Bulls over control with the outcome being most likely to the Bulls. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign) 2) The MACD is above the zero line indicating a Bullish market with a positive crossover between the MACD line and the Signal line. 3) the RSI is at 66.48 showing Great strength in the market with no Divergences found between the market and the indicator. Support & Resistance points : support Resistance 1) 90.27 1) 96.47 2) 86.38 2) 98.78 3) 84.07 3) 102.67 Fundamental point of view : Moscow's statement on Tuesday of a partial army withdrawal from Ukraine's borders was treated with skepticism, with US President Joe Biden warning that more than 150,000 Russian troops were stationed near the frontiers. Aside from the Ukraine crisis, the oil market remains tight, and prices are still on track to reach $100 per barrel. While the Ukraine situation raged on, the US Labor Department revealed that producer prices rose by the highest in eight months in January, a reminder that high inflation may remain for the rest of the year. Investors are looking forward to the Energy Information Administration's weekly report on US oil inventories, which is due on Wednesday. Last week, crude and distillate inventories in the United States may have fallen by 1.5 million to 1.6 million barrels. According to market sources on Tuesday, data from the American Petroleum Institute revealed a decline in crude, gasoline, and distillate stocks last week. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News 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:USOILLong
by GabiDahduh
US OIL MARKET ANALYSIS - WEEK 7WTIUSD - ANALYSIS From the last post we can see that price has followed projections almost perfectly. At the start of the week we took a short which was stopped out. Unfortunately we were in the market to early but I am still happy to see that we can predict the moves of the book markers. OIL declined due to easing tension with Russia but an agreement has not been met so price can still be volatile. We took a long from 90.80 giving us a total of 210 pips profit from where we took profit. Some followers are still holding for the swing. Above $93 and OIL will be bullish but below we can test the daily lows again and even dip lower to 90.20. 90.20 is the absolute maximum bearish threshold OIL can endure as any closes below it would change price structure. On the daily OIL created a new lower high which is a good sign of more upside to come but again OIL needs to go above $93, if OIL does get above that region then $97 is the next target. I am currently assessing price and waiting for the next entry. Any peace agreement in Russia and OIL will take a serious hit but inflation is still a driving factor at this point.
TVC:USOIL
by UnknownUnicorn33264805
Nice Potential Wyckoff USOIL - Nice Schematic almost complete, i've entered this trade early just in case we don't get a pullback to the imbalance below which would be my ideal entry, (If we do im happy to take the DD/buy in again as long as we get the LTF confirmation and the structure doesn't break). I'm trading with the HTF bullish PA and structure, we have many confluences to go long here. Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
TVC:USOILLong
by ProFxAI