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Usoilsell

USOIL EIA Crude Oil Stocks Change is included in the weekly report issued by the Energy Information Administration of the US Department of Energy. It presents the number of barrels of commercial crude oil held by US companies. EIA includes this report into Weekly Petroleum Status Report (WPSR) along with other information on supplies, stocks and prices for crude oil and principal petroleum products. It is a reliable source of current information on the energy industry used by manufacturers, press, policy makers, consumers and analysts, as well as state and local authorities. The report data describe supply and disposition of crude oil and petroleum products in the United States and large US regions. The report is compiled based on data submitted by all companies, which can store at least 1000 barrels of crude oil. They include: All pipeline companies (local and state), including interstate, domestic and local pipelines Crude oil producers (oil companies) Terminal operators Crude oil storers (except refineries) Companies transporting Alaskan crude oil by water in other states and the District of Columbia Increase of US crude oil stocks can indicate a decrease in demand for crude oil or increase in production. Such an increase negatively affects global oils prices, though it is a short-term effect. A downward trend is only formed in the market if crude oil stocks increase steadily for several weeks in a row.
TVC:USOILLong
by q12398
1
USOIL POSSIBILITY OF NEXT MOVE.In the name of Allah, the Most Gracious, the Most Merciful. we are doing Analysis of USOIL in 4 hrs time frame as you can see on the chart market is following Ascending channel pattern market has tested the Resistance line more chances is to market will follow our structure which I have drawn on the chart. IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY. HOW TO TRADE ON OUR SIGNALS. We Explain above you use that lot size whatever Capital you have. Let say, for example, you have 4000 Dollars Capital. We Posted Trade which has 4 Take Profit. We will use 0.20 Total lot size We will divide it in 4 Orders. 0.20 lot Divided by 4 Take profit = 0.05 Lot size. So we will open 4 Trade with 0.05 Lot size for each trade. Let See How We will do. 1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target. 2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target. 3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target. 4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target. Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry. If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target. If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
TVC:USOILShort
by Make_Money_Guru_Bitcoin
3
USOIL Weekly ForecastUs oil is currently at a major level of support around price 52.93. I also notice that it has touched this level 3 times so I’m expecting price to at least retest the trend line on h4 Time frame. If it breaks the trend line then retests as an area of new support I will open a long position until the next major resistance area which is around 60.69. If price breaks support then I’ll open a short position after confirmation to the next major level of support around 43.56.
TVC:USOIL
by AkilajFX
USOIL - a longer viewHello oil traders, and happy Friday! I posted a little bit ago about what I expected to see for today based on the 15 minute chart, but that is not working out, so I decided to take a longer look on the daily. Based on the 2019 high close of $66.15 on April 23rd and the 2019 low close of $51.06 on June 12th, USOIL has been in consolidation mode and has not closed above or below the channel. Since August we have seen resistance at $56.80 on the high and $53.70 on the low. I expect that for September things will continue to remain in consolidation. I expect oil will turn downward again breaking the lower resistance and settle around $52.90 before rebounding. Trade wisely and always use SL. Let's all have a great weekend!
FX:USOILShort
by Trade4God
1