Usoilsell
USOIL Market Structure Analysisif you have your market view, please share it in comments
Also you can ask me questions...
Have a great day everyone!
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.
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
USOIL found a good support at 61.8USOIL found a good support at 61.8 fibonacci level. I'm expecting a uptrend target next structure.
Crude Oil (WTI USOIL) Short IntradayThis is basically what i can see on the 15mins and 1 hour chart right now, could go lower & it could get invalidated. 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
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
Crudeoil (USOIL WTI) DOUBLE TOP - Short IntradayWe have a double top in the 1hr timeframe. Wait for market to retrace back up and then short it again.
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
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
USOIL - XTIUSD - Short OpportunityUSOIL is unable to push higher up. It has a weak foundation as support and we can expect it to drop further down below to find a good support before continuing its long term bullish trend, if still strong.
Leave your SL above the last high for enough space to move before the breakdown below.
Crude Oil Double Top - Possible Short NOWIn my previous analysis I mentioned watch the top for a possible short, So Price action tested the top of the expanding channel, tried breaking out but failed, leaving a double top here.
It has broken down the trend line so I am executing my shorts here.
Trade Safe!
USOIL - Retest of the Uptrendline? USOIL made a good rally up after making a 1,5 year low of 42.35. How ever I expect a small drop to around the Uptrend line. If the Uptrend line won't be broken we could see another pump to the Resistance level of ~54,20.
To be updated
Usoil continue selling with falling 3 method candelstic patternUsoil crude wti continue selling pressure with falling three candel stick pattern
i hope more 200 pips sell move
USOIL - COMING BOUNCE UPUSOIL is now at another important juncture.
we are gearing for a reversal soon, so watch the
blue line fore a bounce up
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
USOIL UPDATE - EXPECTED COMING MOVES - AS WE ALREADY FORECASTUSOIL HAS NOW BROKEN THE SUPPORT LINE
EXPECTING FURTHER DROP TO THE NEXT
SUPPORT LINE BEFORE WE SEE OUR NEXT
SERIOUS REVERSAL IT COULD EXTEND TO
NEXT SUPPORT LINE.
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
SEE PREVIOUS CHARTS
USOIL - ANOTHER DROP THIS WEEKi am expecting this final drop down
will it bounce or break?
I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
SEE PREVIOUS CHART BELOW ALSO
USOIL UPDATE - as previously analysedUSOIL should continue its bearish drop, but be aware of the possible wave structures that could develop
see previous analysis below
like comment and follow :)
USOIL near term downside target: $67.25Short Term running flat correction looks most likely. Downside target is $67.25 to $66.17.
If it starts to play out that way, it could turn around short of that target since it's running flat. But it looks pretty flat, and so I think the target makes sense.
Next move after that would probably be to the upside, but it could keep going down depending on momentum, fundamentals, etc. Have to wait and see what happens. Cheers -
