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Usoilsell

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
This is the start of a very "short" dayThe roll over has begun. The stochs are bottomed out for the most part and money flow is low. The big drop in the current candle, I believe is just the beginning. Oil has been up all week and has pierced the upper limit on the channel, but hasn't busted out. I believe we are going to see a drop all the way back into the $53s. If it goes past that, I expect it will bottom out around $51. Trade carefully and always use SL. Have a great weekend.
FX:USOILShort
by Trade4God
2
USOIL analysis for today 8/30/2019On the daily chart, I see USOIL is right in the middle of the light blue channel and has never really broken out of it and stayed out. This was my original channel I created to see if my theory of oil staying in a consolidation mode for most of the rest of this year and it is holding true. The Stochs and money flow point to a rounding over so I expect this to happen soon. Since today is the last trading day of August, anything goes, but the 4 hours, 1 hour, and 15 minute charts support a sell condition today. I expect it will eventually drop to the $53.30 area before going up again, and if it breaks that, could tumble to 2018's low in the $49 range. I just don't see demand picking up significantly anytime soon. I hope this helps. Trade smart and always use SL. Have a great weekend!
FX:USOILShort
by Trade4God
USOIL - Bearish Counter-Trend Line Break - Time to ShortWith the recent strengthening of the USD for various fundamental reasons that we discuss in depth with our clients, we have seen a sharp decline in the price of oil (not necessarily a sell-off - don't confuse the two!). We expect the USD strength to continue into next week and so we are looking to short USOIL after this bearish corrective structure has now broken to the downside. Enter on a pullback into lower time frame structure/Fibonacci levels. Trade safe! Cheers, Paul.
FX:USOILShort
by Mase_00_7
USOIL Looking to Set Up For A Nice Short/Sell OpprtunityIn this example we have USOIL playing out beautifully. I'm expecting price to stop hunt high giving us a nice short opportunity. News articles looking pretty negative about OIL to convince retail traders to Sell NOW. After hitting their stoplosses, I expect News articles to display positive information about USOIL to get people to long/buy OIL Perfect psychology trap to trap the masses once again. Use proper risk management. ALL GLORY BE TO THE MOST HIGH
TVC:USOILShort
by DavonteSheard
1
Crudeoil (USOIL WTI) Buy & Sell possibilitiesThis is just a rough idea of what i think the market is doing. If you take a look at the chart i posted yesterday after the double top, you will see that market did retrace back to the suggested area before going back down again. I think trend is going to change soon, when exactly is what we're all waiting for. Enter and exit at your own risk. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
FX:USOILShort
by Quinkong