USOIL SHORTHelloooooo Pippin traders...lookout for this possibility most probably during NY session. Trade with care
Usoilsell
USOIL-SELL strategyThe DC has been violated, and this means we may see little higher closer to $ 119.00 first. This also is trend line channel resistance, and very likely we pull back from there.
Strategy is SELL @ 118-119.50 and take profit @ 107.50 for now.
USOIL Short Term Outlook |19-MayHolla,
Do you agree with my chart analysis? I expect a pullback until my sell line. My plan is to wait for candlestick structure as a confirming catalyst before opening a position.
Checklists;
1. Price must touch my entry zone
2. Price bar (4hr) must close below my zone after touching my entry zone.
3. i want to see candlestick pattern ( mostly pin bar or bearish engulfing candle) before looking for entry.
4. Chart pattern like rising wedge would me an added advantage
Will update intermittently...
Kings.
USOIL seems BearishI have high lite the resistance zone which I think is best to sell the crude oil.
USOIL-NEUTRAL SELLWe are trying to move higher, but failed near $ 115. As we can see the range 116.50 seems well protected till now.
The stoch RSI is negative short-term (weekly shows upside potential by the way). Trading short-term feels sell current @ 113.30-113.75 for a move lower to 102.50. Stop-loss @ 117.50 for now.
USOIL Very Near Strong Res , Short Setup With 4H Bearish P.A This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USOIL-SELL strategyThe moving higher shows the market still has fear in terms of conflict.
The technical side does not support a trend change higher, as the strength is weakening and in fact starting to go below the MA.
Further, we are within the topping formation so am not very convinced of higher, and therefore prefer SELL strategy @ 113.-115. Stop-loss above 125.75 and profit order 97.75 for now.
If Demand Holds..USOIL - Price rejecting from previous weekly low which is also a strong resistance level, had a few minor breaks of structure but nothing major, waiting for price to capture this liquidity and show us direction.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
USOIL-SELL strategyThe market broker 105.00 again, and this suggest we are moving lower over time. We are below the cloud, and for now the strategy is SELL @ 102-103. and place stop-loss above 107.50. it a bit of whipsaw range, but suspect we may see it drift lower over time.
profit order somewhere @ 92.50.
USOILpossible way for short position
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This is Not Financial Advice
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🧅JUST AN OPINION OF THE ONION.🧅
🧅USOILwe are reached bearish OB
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it's a good opportunity to open short position
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target will be those OB
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This is Not Financial Advice
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🧅JUST AN OPINION OF THE ONION.🧅
USOIL-SELL strategyThe market is not in a convincing sell mode, and this is because ongoing crisis. This may always have surprises and that is why caution always advised.
The stochastic is positive, but the MACD on weekly chart is little negative. The triangle formation provides insight which way we will go. The shape usually indicates lower levels to be seen.
As long we are careful and disciplined, the strategy is still SELL @ $ 99-101 (slightly higher now) and we keep stop-loss now above $ 105. A break higher will bring 110-115 insight once again. The support is still $ 93-95 and should be monitored when broken as this opens the door towards 78-80.
USOIL LONGS ACTIVE 📉📉📉Expecting bullish price action on USOIL as price makes a rejection move from 95.00$ price area bullish orderblock both on H4/D1 + weekly lows that has been raided meaning a lot of stops were liquidated, i think we will see buy side liquidity being hit this week if we have enough volatility.
What do you think ? Comment below..
USOIL-SELL strategyThe move down is starting slowly, and we are below the cloud, which is a bearish signal. Secondly, we are within a triangle formation, and this itself does not state which way we will go, unless we break either side.
The key on downside is below $ 93.00 to ignite a move to $ 75.00. The upside is protected by 103.50 area. Since we are below the cloud SELL is the way to go, and stochastic is negative.
Strategy SELL $ 100-103 and place stop-loss above $ 105.00 for safety. Take profit at $ 94.25 and re-sell if below $ 93 for a few sessions.
Oil Repeting Pathern?We know how istitutions and people in general are moved by emotions, and chart partherns most of the time
will USOIL behave in the same way?
There are few events in the Economic Calendar for the next week previewing a rally on the dollar, which may cause Oil prices to plunge a bit
USOIL-SELL strategyWe are in a triangle formation and the base is $ 95. The resistance is $ 106.50 rounded.
Based on stochastic and MACD we are negative and I feel we have a great chance to see lower levels and to test $ 95.
For now SELL current 103.00-104.00 but place stop-loss at 107.50 for now to be on safe side.
Profit order @ 95 and on break re-sell and place stop-loss 98.75.
USOIL-SELL strategyWe are close to breaking below the cloud, and stochastic are negative.
It starts feeling heavy and am inclined to continue to believe in lower levels.
we should see re-test $ 92-90 and maybe even $ 84. Strategy is SELL current levels $ 102-105 (yesterday even $ 107). Stop-loss same $ 111.50.
USOIL- SELL strategyNo change in view, and as suggested we should be adding you our SELL we had $ 102-103.
The SMA strength indicator turning lower indicating we are weakening in trend and that buy side is not strong. The MA we broke through as well as note.
I suggest stop-loss above $ 111.50 for now. Profit order $ 89.
USOIL seems BearishUSOIL is tested it's supply zone and now it is rejecting it. If it fall from the current price then we can see further down fall. Better to look short on USOIL as it make highest price.
USOIL-SELL strategyNo change in view.
Someone commented stating its going up again. Perhaps they are right and I am wrong, but that makes the market of course. We are still below cloud levels and the signal line of Ichimoku starts moving lower indicating there is pressure to downside.
The SMA strength Indicator is weakening and also we are below 9-MA period. Since the trend overall has been downward since the peak, it means we should be continuing this trend, and that is why sell @ 102-103 was my levels for selling. Further add SELL @ 108.50 and place a stop-loss @ 111.50 for now.
USOIL-SHORT strategyWe have managed to move little higher from the lows $ 95. The strategy should be changed, and take profit current $ 101-102 and start a short position is the way the pattern starts shaping up. The SMA strength indicator has a broken negative 9-MA period, and this suggest furthe consolidation and since we are on the lower end of it, it is likely we may see lower again.
Fundamentals have not changed, and for that reason I felt we buy earlier @ $ 95.
The regression channel has been violated, and we are below the cloud and resistance $ 111. (rounded).
For now SELL @ 102-103 and add further @ 110 and place stop-loss above $ 115. we take profit at $ 83-85.
USOIL LONGS 📉📉📉📉 Expecting bullish price action on USOIL as price takes out sell side liquidity below weekly lows 93.90. I think the strucutre will shift from bearish into bullish from there and we will see 106$ level hit asap
What do you think ? Comment below.
USOIL LONGS 📉📉📉📉 Expecting bullish price action on USOIL as price takes out liquidith below the weekly lows + rejects a bullish orderblock area on H4. We are bullish from a fundamental perspective in my opinion. The targets for this week if we have enough volatility would be somewhere around buy side liquidity area 109.000 old highs liquidity.
what do you think ? Comment below..
