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Usoillong

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 benalistarfx
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 benalistarfx
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
Potential Bull Flag on USOIL?After an amazing rally shortly after Oil futures went NEGATIVE on the 20th of April 2020 (I day I will never forget), US OIL has been in a steady uptrend supported by global demand coming back online from the COVID-19 Pandemic. As inflation increases with demand for Oil and a dramatic increase in EV sale forecast (per ARK Invest), I am looking forward to seeing battel wage on for dominance in this space. That said, the reliance on Oil is not going to fall drastically any time soon and I do expect a return to $100 a barrel in the short to medium term. I also believe that high inflation in the short term further supports the below price target. Therefore, I could see Oil breaking out of this Bull Flag pattern with an short term target of $93 per barrel by the end of the year . Keen to hear your thoughts in the comments! Boom, TheRaggy
TVC:USOILLong
by theRaggy
WTI CRUDE OIL - Long Trade Idea - Long Entry PointAt this point it appears that wave ii may be a very small and shallow correction which is indicative of wave iii price action. If this particular count is correct then it indicates specific important levels which can be used as entry and support. The idea is to get into a long position because if this is wave iii then price action won't be coming back to these levels anytime soon once it starts moving higher. Entry: $84.85 Stop: $81.51 Target: TBA As always, any breakdown below the Stop level before we hit the Entry automatically invalidates this idea. Check out the related video linked below which outlines the bigger picture. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TVC:USOILLong
by AriasWave
USOIL LongMy view of USOIL . Potential long opportunity. I am a bit late with this idea and it’s a bit minimalistic and quick but it will hopefully do. After a pullback down to our PBA 1 and respecting the consolidation area , I’m expecting the price to come back up to the top of the consolidation area . Double bottom on 4H is also confirming the long idea. After a clear break of the consolidation area we can expect another upside move. Entry is at 81.898 . Stop Loss is below current low and below a possible pullback area . Stop Loss is at 80.547 . TP is at 86.660 . Overall we are in a uptrend and without breaking the uptrend structure , we will keep looking for buys at pullback areas . If we don’t come down to our entry, take a smaller position due to risk being higher. Keep in mind prices may vary from broker to broker. PARAMETERS - Entry: 81.898 - SL: 80.547 - TP: 86.660 KEY NOTES - Overall we are in a uptrend and without breaking the uptrend structure , we will keep looking for buys at pullback areas. - Respecting the consolidation area - 4H double bottom confirmation Happy trading!
FX:USOILLong
by BANDZTRADES
2
USOIL for a new high 🦐 After our previous analysis, USOIL, reached as expected the resistance stricture. That level is a very strong one historically and IF the price will break above we can set another long order according to Plancton's strategy. Wait always a confirmation of the break.. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:USOILLong
by InkyGrip
2
WTI OIL , channel breakout , time for retest and then pump!hey yall , if you look at WTI Oil's past rn , you'll see we kinda have the same pattern rn . in both of them we have descending channels . in the last pattern , WTI did a retest after breaking above the channel . so I'm guessing after going up a little bit , we will have a retest and then pump is gonna happen . it'll be a huge pump . imo the price will even get to 1000 $ . we'll see though , if we were alive... so the next update will be 3 years later perhaps , this retest will probably take 3 years to happen cause we are on monthly chart . Imma update it if I was alive :D if you liked the idea , give it a like . and if you wanna see more of these , follow , heck of analysis are on the way ! also tell me your opinions on this idea in the comments . GoOOoOd LuUuUUuck
FX:USOILLong
by ArminChiani