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Usoilprediction

US OIL MARKET BREAKDOWN USOIL BREAKDOWN; OIL has been persistently bullish since 20/12/21 and has we can see on this 4hr chart there has been no pullbacks during it's rally, throughout my breakdowns a constant word has appeared (liquidity), the longer oil goes on without any pullbacks the violent the drop will be grabbing as much liquation as possible to drive it up further. Think of it like this right now is a train powered by coal, the train is constantly being fed with fuel driving it at 100mph but eventually this fuel is going to run out and the train will come to halt at platform and fuel will be loaded back up again. Oil reached 85.47 which was marked out in the last breakdown and its another target hit, as I have stated previously oil is in a region on the charts where there is no slowing down until $87 region but again this could be smashed through due to the train analogy stated above as at this moment in time no one can be sure when the drop is coming, the only region I am comfortable shorting from is the $87 region but this would be done with caution and little risk. The main factor driving oil right now is inflation but the tensions between Russia and the US could drive it even further. DXY plays a role in oil and a decline in the dollar can easily push oil higher as well. Right now oil is a raging bull and its not to be messed with so it's a case of sitting and waiting for $87 before we make a decision. Realistically oil should be offering a pull back around $87 but nothing is certain at this stage.
TVC:USOIL
by UnknownUnicorn33264805
2
Opening week oil breakdownOpening week breakdown: Summary: Oil closed very bullish and we can see by these price ranges that oil engulfed 2-3 day price range in a matter of hours. This shows oil has a lot of momentum even at these higher levels, as you can see from telegram I stated that we would push higher and the double top was false. Oil shows no signs of slowing right now and the real resistance zone which should show some bearish price action are the two marked zones at the top. I expect oil to hit these rapidly and have a correction. Oil hasn't really corrected since $67 so we are long over due one, I am not looking for shorts in particular due to the smashing momentum but I wouldn't be shy from $87. We have seen in the past that $87 as proved itself as huge resistance and price has ranged from there all the way down to $81, I expected a further dip to fill the gap as this would provide liquidity and false break to the down side. Trade setups are the follow this week in telegram for free members. Should the gap fill scenario playout I would look to long from the gap fill to $90. I will be focusing on my levels to trade and scalp oil. Bias: Long Closing Sub to us and follow are signature to receive start, mid and ending week oil updates, trade ideas and analysis.
TVC:USOIL
by UnknownUnicorn33264805
1
US OIL MARKET BREAKDOWN OIL MARKET BREAKDOWN; Happy Weekend traders I have seen quite a few have profited just from following my simple analysis and nothing makes me more happy than profits! Oil closed extremely bullish and made it's way to a new weekly high closure...Oil had the push up as expected and even a little further, I did have a short set up but this was never taken as I did not have a confirmed closure. Lets breakdown (technical) as to why oil pushed higher; Oil ranged for the majority of the week with fake outs to both up and down side but we knew it would really break up. This is due two simple reasons...1) Oil is bullish and 2) It closed above major support with bullish candles showing bears were weak. Oil will continue its rally into $90+ which I stated a while ago now. Oil is over extending dramatically and there is a market gap at 80.40 which I believe will get filled before we start pushing $90+, Once we get the gap fill then I will hold a swing long trade. Many retailers were sucked into to consolidation zone and traded by shorting the top repeatedly only to get rekt by this move...I stated this was a false double top in my group. We were positioned and aware of what was to come. I will try not to short oil for the time being due to it's bullish run but a sell off or data could cause a large drop in oil which no doubt will fill the gap and come back up...This is the move I will look for. The arrows have marked at the scenario which I am looking for...these are really what you should focus on...the zones are;)
TVC:USOIL
by UnknownUnicorn33264805
2
US OIL MARKET BREAKDOWN OIL has been moving mad the past couple of days and I've been loving it...to an extent. Oil is prolonging its bullish move and it's becoming over extended so in the near future it will become very choppy and manipulative. OIl has ranged for a few days providing a false sense of security for retail who keep shorting the top. Oil will flash up to grab stop losses and will form it's next move. Oil will either find support and have a large rally or it will reject and plummet to 80.40 to fill the gap before going higher. I would love to see a large drop in oil so I can position myself for 90$
TVC:USOIL
by UnknownUnicorn33264805
3
USOIL IDEAGood Morning guys; OIL has pushed the zone I was adamant would be met before its makes it decision of where the market will go next, Bullish are starting to show a slow down of buying pressure but overall oil is bullish so we can't rule out a move higher. Should oil break the zone I have marked than it's likely that the 81 region will start getting pushes BUT should oil find resistance here then a fall to the two marked zones is the next likely move. I am short with a 2% risk and I will watch the charts closely for early signs of bullish development if I need to exit early. This is a prime example of trusting you own analysis and sticking to your trading plan.
TVC:USOIL
by UnknownUnicorn33264805
US OIL MARKET BREAKDOWNFirst trading week of the year has completed...Now the real fun and games start next week when liquidity and volatility comes back into the market. We caught a lovely short at the end of the trading week and as some of you will know I have been waiting all week for that move. Let's recap everything so far: Earlier on in the week we saw oil around the 74-75 where everyone thought the head and shoulders would come into play but we were one step ahead and didn't fall for this trap. All week I was screaming 79-81 will come through and we hit bang in the middle of it. We did take some short at the right shoulder but these were quickly scalped and profit was taken before the primary move. Oil lacked momentum all week as it's movements were slow until a couple of hours ago which showed signs of weakness which is why we didn't see the extra push and we noticed that before we saw the fall. Oil closed on a very important region for me and should the overall trend turn bearish we will see $56 from here (LONG TERM!) but we will put that to one side for now and focus on what we have at hand. Trading plan for the upcoming week: OIL has closed back within its smaller and larger channel which should push us down and we will see some nice pullbacks...I am already positioned in for these pullbacks. On market open next week OIL could push 79.60 region to give whales another chance at a decent short location but I'd be surprised now if we saw 80 or above again but a few daily candles below the current region and it should rule that out but again nothing is 100% in trading. The blue support line is what I favour most and it is where I am looking to short to. From here (blue line) oil will makes it's decision whether it wants to continue bullish or turn bearish and I will position accordingly once I see development. Ultimately I am short now as we should see pull backs for the new year, I will add further positions when the opportunity comes and I will stack accordingly. Like and Follow this page...read my profile for a few surprises. You will quickly find I am the only place you need to come for your oil related content. HAPPY NEW YEAR...let's get ready for profits
TVC:USOILShort
by UnknownUnicorn33264805
6
US OIL MARKET BREAKDOWN There she goes... Everything apart from the extended manipulation targets have bee met and have been calling the downfall since reaching this region. Now we refer back to the overall target and what was stated in the long term. I currently have a short running down to consolidation where I will be looking to take profit but I expect a further dip past this region to grab some real liquidation. If oil can keep within this channel it will likely see the downtrend scenario. I predict a positive oil for Q1 and Q2 but when we start reaching the bottom zones...(I have some in mind way below the consolidation region) I will start to reconsider my bias depending on price action. Short running stops above 79.40 to give you an idea
TVC:USOILShort
by UnknownUnicorn33264805
US OIL SHORT UPDATEJUST LIKE THAT! As Mr Joe Rogan would say... I do not post my positions on here I keep them private along with the analysis I use...I mentioned about being well positioned in my last post and we robbed the market for 70 pips with a few minutes. I mentioned that we wouldn't consolidate at this region and that there isn't enough momentum to carry so we needed a drop! By now you will see that this a new account but I am not a new trader so make sure you like and follow!. Want to learn more feel free to DM me. I will wait for confirmation before my next move.
TVC:USOILShort
by UnknownUnicorn33264805
6
US OIL MARKET BREAKDOWN Oil is following analysis very nicely...slowly but nicely. Due to the new year coming in and trading just getting back into the swing of things we can expect consolidation and low liquidity in most pairs until the ball really starts rolling. As mentioned in my last post I have expectations for oil in Q1 and Q2 but we need a liquidation region to push to the accumulative zones and I expect this to come sooner rather than later. When I post I am not telling the market where to go I am simply trying to predicts it future movements so I can be prepared to take the trade when the opportunity arises (NEVER TRY AND TRADE THE MOVEMENT YOU PREDICT...MARKETS MOVE ON THEIR OWN ACCORD). Oil has broken its consolidation and retested with a rejection which is a good sign. Oil usually has big spikes and long wicks in its corrective move and that's what I'm waiting for...Oil can easily push 79.70-80.30 which sits just outside the true trend so I favour this as a short region. We can't rule out the possibility of the purple zone this is a major liquidation so I will keep my eye on it. I will watch and wait for rejection and then take my shorts down to the 75-74 region hopefully gaining 500 pips profits. Feel free to drop me a message.
TVC:USOIL
by UnknownUnicorn33264805
5
USOIL Potential Head and Shoulders FormationUSOIL made a massive move after the pandemic and it's now moving in a range. It's currently trading in the resistance zone. Based on previous price action, it seems like it will complete this Head and Shoulders pattern over the next few weeks. But it's quite possible that it will continue its move upward after completing this pattern because there are fewer chances of a breakdown. This analysis will be considered wrong if it touched 78.30 level before completing the pattern. Thanks! Best Regards, Trade Like Pros.
TVC:USOIL
by TradeLikePros
8
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