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Usoillong

USOIL 42.27 - 1.09 % SHORT IDEA * ASCENDING TRIANGLE STRUCTUREGood Day Everyone a look at the USOIL that just saw a rejection at resistance level 42.51 which has seen many touches looking to the left and currently just broke the 61.8 % Fibonacci on the monthly chart looking for a push down before continuation to the upside. Coming down to the weekly and daily chart the energy is trading in a ascending triangle looking for a break below structure to trigger the trade should we see significant moves to the upside with the bull's or basically a break above of this structure the trading plan changes completely. let's see how it goes HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ***ENTRY** & SL - FOLLOW YOUR RULES TP 1 - 42.22 TP 2 - 41.30 SL - 43.30 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:USOILShort
by PULEMokhothu
US OIL Monthly/Weekly analysis 🦐US OIL on the monthly chart is inside a huge discending channel. Price has apprach the monthly resistance and currently struggling to break above. The market has been consolidating on the weekly chart for almost 5/6 weeks before a slight move up. We can expect, during next weeks, a break above the monthly resistance and to see the price rise till the upper trendline of the monthly channel. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
TVC:USOILLong
by InkyGrip
OIL KEY LEVELS|STRUCTURE ANALYSIS OIL has recovered from the dramatic events of the previous months with -40 dollar per oil contract. Now, following the dollar demise, oil, that has a negative correlation with the dollar index has been on the rise. The last month or so have been spent in a range below the strong resistance level in the red, that seems to mirror the current support level in the DXY. If the dollar breaks or holds will pretty much define the fate of oil, and the direction of its trading for the time to come. Also, the rate of the global economy recovery will have its effects on the oil price too. Anyway, whichever way the oil goes, the chart above will help you in your trading, as you now see the key levels both up and down. Trading the breakout up is easier, as the resistance is clearly defined, while there is no precise support level for oil from below, which implies that we will have to look at the price action to get a decent short opportunity. Thank you for reading, I hope this guide was helpful. Like and subscribe and have a nice day!
TVC:USOILLong
by ProSignalsFx
1
US OIL will break the monthly resistance? 🦐US OIL on the monthly chart has approached a very important level of a clear resistance zone. On the weekly chart we can see that the market has been in a consolidation phase for the last few weeks. What we could expect is to see the price retrace between the resistance zone and ema 21 before a break or possibly a clear break of the structure retest of it and continue the uptrend move. –––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
TVC:USOILLong
by InkyGrip
4