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Usoillong

USOIL 43.23 - 0.3% LONG IDEA * TREND & STRUCTURE CONTINUATION Hello Every-one Here's an idea on the USOIL which broke above the ascending channel structure currently rallying to retest the descending triangle structure which could possibly be signalling continuation with the bulls so targeting continuation of this move with the bulls on oil. let's see how it goes HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 43.62 TP 2 - 44.25 SL - 42.83 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:USOILLong
by PULEMokhothu
4
Do you have any TRADING related QUESTIONS?Price is currently in a good BUY zone, this area has previously been used as strong resistance which has now turned into support, so i am expecting bulls to step back in and push price higher from here. If you do take a trade from this you can keep a tight stop loss because if price did break such a strong support then it has the potential to fall some way. Nice and simple setup that most people could find if they didn't over complicate thigs all the time! If you would like any help trading or have any questions then just message me and i will be happy to help.
TVC:USOILLong
by FreeForexSignals
OIL HURRICANE SURGE|BREAKOUT LONG|TRADING PLAN| The Mexican Gulf Hurricane that is expected to have a massive impact is yet another addition to the 2020 mishaps collection. Anyhow, the refineries, oil/gas hubs and the extraction facilities are shutting down for an unknown period of time, and then the scope of destruction will determine how quickly the market recovers. Oil, having recovered from it's recent downfall, has been reluctant to go higher, being unable to break the horizontal level. The demand was limited by the lockdowns and the sharp drop in the number of flights, with the aviation industry being one of the biggest consumers of oil products. All these factors have been suppressing the price and the hurricane might just be the trigger that helps the precious liquid to break the chains and go higher, to at least R2, possibly R3. The lack of any meaningful demand, however, will likely push the price back closer to the R1, but it will be the support, then. TRADING PLAN: You can either go long now, expecting the bullish breakout wave, or wait for the clearer breakout and then go long from the pullback. I am in the first camp, as due to the reasons above, I think that the rally will be short lived but intense. SL below the red line. 3:1 5:1 risk reward. Trade the idea with call options if you can! Gives better risk reward profile, in my opinion, as you don't need to wait for the breakout this way. Thank you for reading, like and subscribe and have a nice day!
TVC:USOILLong
by ProSignalsFx
1
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