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Usoillong

US OIL MARKET BREAKDOWN USOIL: As stated in the last breakdown oil should open and push back towards that 79.60 (I still feel we may hit this as the US session is still yet to open). There isn't much new to be added and my bias still stay's the same as last break down providing the technical are followed. (GO READ IT). I have taken two nice scalps this morning for some quick profit whilst I wait for the primary move to come through and I think it will play out as either two ways... 1) Spike to 79.60/80 upon US session opening and should we find major resistance then we will fall off quickly to the two marked zones, these will be my short targets. 2) Spike to 79.60/80 break through find support and continue the bullish trend. I favour one but I am yet to enter short.
TVC:USOIL
by UnknownUnicorn33264805
2
US OIL LONGOil has consolidated for the first week in the new year and we are starting to see that push higher which was our favoured scenario. Now we need to wait for oil to finish this bullish push...Due to the large head and shoulders pattern retail will be shorting and shorting and the whales will be pumping for liquidation. I am expecting moves into the the $79-80.30 region which is where I will look to short the corrective move which will come into play. Any economical events could drop or push oil so I will stay weary...ultimately I will be expecting oil to push 90-100 this year (Q1 and Q1) targets. But I'd like to see a dump first for an accumulative drive up to achieve those targets. Follow me to stay update and keep your eyes peeled. Feel free to DM to see how I can help you!
TVC:USOILLong
by UnknownUnicorn33264805
Potential Crab Forming 🦀 (Short then Long) USOIL - Daily Crab is still valid price is moving nicely up towards the D point. However we had a big bullish push on the 27th that sent price into a consolidation leaving a large imbalance before price started to break to the downside again. We have confirmation for shorts using the LTF BOS etc, once the markets open, I'll wait for price to settle and then I want to see price fill this imbalance and trade from the OB, S/D zone up to towards the weekly highs! Such a beautiful zone of confluence! A++ trade if price gets there! 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:USOIL
by benalistarfx
USOIL MARKET OVERVIEW USOIL OIL has opened this trading week with a bullish impulse, currently oil is fighting on a bullish zone which requires a lot of drive to break through the zone. With many bank holidays and coming up to the final few trading weeks of the year I see oil pulling back to gather momentum to take it to the next high when the markets get back into the swing of things after the new year. Oil has broken out of a wedge which also needs testing before the next move...I expect dips back towards 70.70 before we see the real move coming. I currently have a short running and the set up will be posted soon. I will not be longing oil until we see a large dip and clear rejections of 70.70. OIL should be bullish into Q1 and Q2 with the rise of inflation...get ready.
TVC:USOIL
by UnknownUnicorn33264805
1
Potential Shark Forming 🦈🦈USOIL - Potential swing down to the weekly support line covering off all imbalance etc before the bulls continue, (This move will keep price in bullish structure). I'm seeing a bearish channel forming on the hourly and price location lines up with good confluence for a potential swing down to those levels, we also have multiple BOS. I do have 2 better entries above the trapped liquidity but I'm not sure if price will break this line yet, if so I'll take the loss and re-enter with confirmation. 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:USOILShort
by benalistarfx
US OIL stuck In a trendline resistance. Can it break out? The crude oil price has been on a steady climb this week, with two consecutive increases since the beginning. Today American market has not opened yet, but its possible prices will continue climbing even more tomorrow if they haven't already. But the crude price stuck below the trendline resistance nearly $75.30/barrel. The rise in crude goods is likely due to increased demand out east caused by cold weather and holiday celebrations—the recent production cuts between OPEC members like Saudi Arabia who want lower gas prices. At the same time, other countries need higher profits now instead of later when there might be fewer buyers because everyone needs fuel at some point or another-especially during winter months which require lots of road salt. From the current crude price, $75.30 is the total resistance area. Breaking above $75 will open the door for $85/barrel. On the other hand, as the market holds below the trendline resistance level, it may also correct a little bit to the downside. But fundamentally, I don't think it will drop a lot. It probably won't fall but a lot, but as a correction, it can test moreover $68. Note: Don't go short on Oil as long as fundamental factors support be a higher price, at least during this month.
TVC:USOILLong
by Gold_Trading_Expert
2