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Usoillong

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 ProFxAI
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
Potential Shark Forming 🦈🦈Waiting for a smaller pullback after a potential trap move towards the momentum line, then I'm looking to go long to the OB zone (There will be some resistance here) then price should break and continue towards the 1.13 then the Daily Supply zone. ** 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
1
Potential Shark Forming 🦈🦈USOIL - Looking to go long today, price right now is in a trap zone (Buying at current level is risky) Unless you want to use a larger SL. I want to see a false move to the downside tapping the WL (Or getting close) before buying in (For the perfect scenario) It's a very nice PRZ with lots of confluence, we also have bullish PA on the HTF/trapped liquidity above. Will be USOIL for buys at the 66.70 level! ** 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
2
CRUDE OIL / Seeking higher highsTVC:USOIL Let's say this first - I'm no expert and probably wrong . My trading experience is very limited . However I have followed the market fairly closely over the last couple years and today I had too much time to stare at charts. Let's look at the above chart that I haven't been able to look away from today. First chart in question is of WTI Crude Oil since the start of this year. Sentiment has been very bullish during this time with smaller dips developing into larger movements as we've moved towards the end of the year. These white trend lines however have held very well during this period. Volume profile (emphasis highlighted) would seem like there would be less resistance to go up than down. If there would be a sharp move down towards 58 or lower that would be a level where I would start to be more cautious and probably close most of my own positions at least for a while. This recent price movement has been very sharp and would implicate in my view either a significant risk for another lockdown/recessionary period (less demand) or a release of reserves / supply increase (more supply), both of which I think are possible but not that probable in my opinion. China real estate market would be the most obvious and likely source for a longer downtrend in all markets including crude oil, but it seems to be contained for now. Taking a closer look, overall there seems to be good amount of support around the price of this writing at around $66.4. Price action during the last 12 hours also seems supportive in my view, which I followed during the day. As a curiosity, the movement for the second period pictured has been pretty similar to the first one that started on 30th Nov. Again I have very little trading experience but this seems like a good time to be bullish on oil. Long-term I think that under-investment in oil production and infrastructure will prove to be a significant factor in driving crude oil price higher. Feel free to comment what you think. Trade safe.
TVC:USOILLong
by aukust
1
UUSOIL LONGS LONG-TERM 📉📉📉From a long-term perspective USOIL looks like a good buy from 63-64 area, we have a bullish market structure on a HTF, price just made the retracement back into bullish orderblock d1 an important area of supply for the price in that area closing the bullish imbalance as well, price left a lot of inefficiens in the past that should be closed in the future, price should be magnetize back above 70$, that's my long-term perspective long term meaning 1-2-3weeks. What do you think ? Comment below..
TVC:USOILLong
by AnonimFXRO
9
Potential Shark Forming 🦈🦈USOIL - Trading away from the Daily and previous monthly low, price tapped perfectly into our OB (Yesterdays analysis) the .886 pullback of the weekly PA. I'm looking to complete this shark pattern to cover previous imbalances before price potentially continues the monthly DT. (Weekly still bullish) (We may get a pullback before the main push, I've entered early as we had a LTF BOS) if we get a pullback before a push i'll enter again with LTF confirmation! Lmk 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
UKOIL BUY !!TECHNICALS I am very excited about buying US and UK oil for the filling reasons: 1 - On m to the mutiple timeframes we are noting that us oil us over sold according to the RSI 2 - there price has come to retest a support zone on the intraday time frame 3 - the daily bullish trend line has been touched once again 4 - The bull back was strong enouch to puch price doen to the 62.8 % fib pull back USOIL has the same set up so we will post similer analisys FUNDAMETALS TO LOOK OUT FOR N/A happy trading. Lungu FX Team
TVC:UKOILLong
by LUNGU_FX