Get started

Usoilsell

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
CRUDEOIL(WTI USOIL) ShortOil has hit a resistance at 63.77 but there's no certainity that we have a trend reversal just yet but i do believe we have very good shorting opportunities as i am short biased hence i won't be recommending any buy for now. You can short and TP at any point identified on the chart. My labelled zones are only a rough idea of where i think the market may touch. Decide on your own Entry & Exit. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
FX:USOILShort
by Quinkong