Usoilprediction
USOIL INSIDE THE WEDGE SUPPORT, WAIT FOR A BREAKOUT!MARKET ANALYSIS; As we can see from the charts, The market is now trading inside a Falling Wedge Pattern. After the successful completion of the Elliott wave structure, It has formed a wedge pattern. Now it is better for us wait for the market to break the wedge resistance, Then we can go for a buy and have a target's to the next supply zone. So lets wait and see what the market does in the coming weeks. Cheers!
USOIL - Long Idea - Clear and Concise Wave AnalysisUSOIL right now is at its most predictable.
Having completed most of the zig zag I thought I would outline the waves.
Having just finished Wave 1 and now a pullback in Wave 2 to .618 it is time to pull the trigger and put on a long position on with a stop below $55.75.
Target $84.59 or less.
Wave A is sharp. Wave C should slope slightly more than Wave A.
An algorithm can never see what a trained human eye can see.
Crude Oil Medium TermMy previous recommendation to short Crude for target to 50.08 is successful- However the intermediate trend remains bullish, price action is still in a multi-month bullish channel-momentum indicator are suggesting resumption of the uptrend. The current sell off is likely to find support near 50% retracement area which is likely a good area to get long for a steady setback towards my 100% projected area at 53.94 over the coming weeks or so.
Strategy: Buy around 48.70-49.22 for a target to 53.73-94, a wider stop below 47.69
USOIL - Forecast-45.45 level is very important level.
-US-H.Harvey sliding it even lower.
Good luck!
US Oil Short - 150 Pips + OpportunityThe support of USOil is very poor and this can be a very good opportunity to go short on USOil until it finds it's next bottom.
Always trade on your own analysis and risk manage properly.
All the best!
USOil - 300 Pips+ Short OpportunityUSOil has broken it's support and is currently in a bearish trend. The loss may possibly continue further down until a strong support establish itself.
This is only an idea and as always invest after your own analysis as well as money manage properly!
Happy Trading!
USOil - Watchout for the break - 200 pips+ OpportunityUSOil is currently in a consolidation zone. Keep and eye on it for when it breaks out.
I am still neutral to whether it can go up or down. However, I do know that once it breaks out it will have a big move.
Always trade after your own analysis as well as money manage properly.
Happy trading!
Possible USOIL outlook for the next weeksThis is my personal view on USOIL. The price could be in a descending channel but there is nothing back it up on the lows. The buyers keep pushing the price up without any pullbacks and so far showing strong momentum. It is possible that the momentum will decrease as sellers starts to kick in but so far no strong sellers to be seen.
Today USOIL did form a triangle on 30 min time frame as the buyers kept pushing the price higher and sellers was not able to get the price down. The breakout of the triangle has far accumulated 85 potential pips for those trading breakouts.
On the short term basis my view is up, unless sellers starts stepping up their game and show some muscles.
LONG On USOIL? what the point?As seen on Latest Trend of Bearish on USOIL, it show a Bearish continuation pattern, but in my opinion, this trend will sure hit the bottom deck of it. soon...
In my "Prediction" the price action will push to resistance point on 47.00 , if break is seen here, it show the possibility of bullish, on 45.75-46.00 if its break below, then the bullish is false. but if it's bouncing, its sure bullish.
i only take on technical analysis here, so without fundamental and sentiment, its just pure price action SnD.
so if there are any false "prediction", please put comment so i can correct my method of analysis.
FYI i only just put one analysis today in tradingview, and this is the first education type of idea.
again, this is just "prediction", it could be wrong, but who know if it's right?
Crude Oil (WTI) Daily Chart : Consolidation in PlacePivot: 51.65
Preference: short positions below 51.65 with targets at 45.00 & 43.75 in extension.
Alternative scenario: above 51.65 look for further upside with 53.60 & 55.00 as targets.
Comment: as long as 51.65 is resistance, likely decline to 45.00.
Supports and resistances:
55.00 **
53.60 **
51.65 ***
47.14 Last
45.00 ***
43.75 **
42.10 **
Short-Term SELL, USOIn the energy sector, we have noticed a possible speculative short on crude oil as we expect oil to depreciate by -1.60% by the next week. In our opinion, sellers might put pressure on the actual price particularly near the intermediate resistance which might limit an upside move to no more than 6.80% from the last daily closing price.
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USOIL down. TP 42Ascending triangular correction pattern. Entrance - from above, hence next move - down.
SL 48.5
TP 42
48.4-48.5 strong resistance level on daily chart.
USOIL - selling based on Mongerskit Trading SystemWe had a sell signal from the system, so we know the general direction of the pair, and now we are facing a pullback after breaking support, will sell after the pullback is over.
USOIL Good to short againPair Direction Time frame Entry Price Reason Stop Loss TP-1 TP-2
USOIL Sell Limit 4H 53.3 Fibo-0.768,Pressure Level 53.80 51.80 50.10
USOIL Sell Limit 4H 53.8 Fibo-0.768,Pressure Level 54.40 51.80 50.10
USOIL Sell Stop 4H 52.7 Break Support Level 53.30 51.80 50.00
USOIL Still bearishHi traders!I hold a point:Good charts does not need more words to explain! Good luck!
Short OIL: VICTORY!After 2 months+, oil is developing into a rampant bear. This in my opinion is the initial move of a general bearish trend to come. My first target is $48, as I said in my first post on this trade 2 months ago, with the possibility of a second target of $44-42.
This point will not contain any analysis or further explanations, as I have already registered my opinion in the 3 previous posts.
Just wanted to congratulate whoever stayed in this position. Enjoy your profits.
Oil long: Too badWe failed to break the 200DMA on the weekly chart. On top of that we had a clear reversal candle and volume on 3/14/2017 (idea thanks for Chartwatchers. Furthermore, all indicators are signaling a bullish pivot.
I am not sure how long this bull will last, so I will have a tight stop-loss.
