usoilHello traders. I expect the price of oil to break this line, initially $81.5 and in the second stage $79. Are you agree?
Usoilsell
USOIL-SELL strategyThe stochastic is positive and may move price little higher. I have no change in view.
We are nearing top Donchian, and also RSI not corrected fully as yet. The MACD is positive still (lagging).
remain SELL strategy 86.50-87.50 and place stop-loss above $ 90 for now. Profit target $ 77 below.
Daily Crab Complete 🦀USOIL - Deep Crab Complete landing in a strong supply zone pushing price down and breaking the HTF momentum line (I was waiting for this break because price has been pushing up for a while) Great confluences here for a sell! (LTF and HTF)
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 strategyNo change in view. The strategy selling at $ 86.50-87.00 is fine so far.
If a NEW position SELL $ 86.25-86.50 for over all objective $ 77.00 for now and place a stop-loss above 88.00.
The stochastic is negative but MACD still positive. The Donchian seems to cap above $ 87.
USOIL- SELL strategyStop-loss was executed sligtly above 87.00, and I have re-instated the short once again.
I am not convinced the run up can continue too far (one never knows for sure of course). The daily-chart RSI is above 73.0 and the stochastic is in the higher range and showing turning. I feel overall I am happy being short, but will place the stop-loss little further away.
The strategy is sell current $ 86.50-87.00 and place stop-loss $ 90.00. The profit objective still $ 73-74 I feel. we can recover the small loss. Just bear in mind low leverage always, which is the key to successful managing the funds we have under our belt.
USOIL- SELL strategyNo change in view, and levels even slightly better to sell.
The Donchian Channel shows topping potential, and the a Doji has formed right now as well. The stochastic is high up, but RSI (not shown) is high but not extreme).
I prefer SELL $ 82-84 as stated before, and place stop-loss $ 87.00 (slightly higher then previously suggested).
Profit for now $ 72 instead of $ 68.00.
USOIL bearish Call strongI was watching USOIL from a long time and was waiting for this moment a perfect Bearish pressure will push USOIL to short and strong resistance and USOIL can go and hit 78$ in near future
USOIL - 2 Short ScenariosPlanning to take a short position if price should move either way:
Scenario 1 (Green Arrow):
1. Price keeps moving up and breaks blue area
2. Breakdown under blue area
3. Short on retest of blue area
Target: A big S/R level + depending on the next moves could be around 50% fib level
Stop- Loss: Above blue area
Scenario 2 (Orange Arrow):
1. Price doenst break blue area
2. Breakdown and formation of lower swings
3. Reclaim of green line (former Resistance level)
4. Short on retest of green line
Target: A big S/R level + depending on the next moves could be around 50% fib level
Stop- Loss: Last recent Swing High
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My General rules and approach regarding trading:
- I mark levels that i find interesting and set up requirements what price needs to do at these levels so i feel comfortable to take the trade
- What price does till its reaches my levels doenst matter to me, even if it takes days, weeks or even months or never at all (Alarms are set and thats it)
- For my entries i often use Strategies on smaller time frames and to increase my chances and profitability (Breaks in LTF-MS, HS etc.)
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor.
Thanks for reading!
trader_se
USOIL-SELL strategyI suspect we may see a top soon. The BOLL band high is almost 84.00 and the stochastic is high and likely will turn negative.
We require some consolidation before the correction will set in.
For now would suggest to SELL 82-84 range for a move back to 68. Stop-loss above 86.00.
USOIL INTRA-DAY SHORTS 📉📉📉Expecting bearish price action on this pair as price takes out PDH ( previous daily high) where a lot of liquidity is located from yesterday trading day, if price rejects with a M30 bearish closure then we go lower.
Perfect targest into PDL
What do you think ? Comment below..
USOIL-SELL strategyOil feels a little tired in the current highs, and the stochastic is turning negative, and we are in to the BB high as well.
I feel sell strategy between $ 79-80.50 with a stop-loss $ 85 to be a reasonable trade strategy. The profit objective in the low $ 72s.
the strategy is a very short-term one, and that is why the the sop and profit levels are within close reaches.
USOIL LONGS INTO 80 📉📉📉Expect bullish price action on this commodity, price should reach 80$ per baril this year as we are in a huge bullish momentum on h4/d1 + santa claus rally that reflects a risk on market scenario
What do you think ? Comment below..
USOIL LONGS 📉📉📉Expect bullish price action on USOIL as price takes out liquidity on the retail trendline, rejected a nice M15 bullish orderblock. Price is in a bullish market strucutre and should rise because of the risk off market environment + bearish gap that should be filled on usoil, lets go for 3R.
What do you think ? Comment below..
USOIL UPDATE SHORTS 📉📉📉We have strong bearish momentum on USOIL i dont think it is the best moment to close our short entries, we have a risk off market sentiment right now so we should expect bearish price action still...
I moved my stop loss to my entry so i have a risk free trade.
What do you think ?
USOIL SHORTS 📉📉📉Expect bearish price action on this chart as price rejected a bearish orderblock h4 + imbalance bearish fill, bearish market structure on h4 + price takes out liquidity above 72.00. We are going down into value areas 70 and 68
What do you think ? Comment below..
USOIL SHORTS ✅✅✅ Expect the price to drop from this area on a intraday basis, as we took liquidity above 72.000 area and old highs. A lot of bullish imbalances to be filled that were made on FOMC release yesterday.
What are your thoughts ? Comment below..
USOIL SHORTS 📉📉📉Shorts there as price is rejeting a premium market area on fibonaci, bearish orderblock h1. We have to fill bullish imbalances that was formed yesterday
USOIL SHORTS ✅✅✅ Expect shorts on usoil as price is rejecting right now an important area of demand, we have to fill a bullish imbalance on h4 around 69$ psycho level, lets go down.
What do you think ? Comment below..
USOIL SHORTS 📉📉📉Price is rejecting in this moment an important area of ,, resistance ,, a bearish orderblock on h4 filling in the same area the bearish imbalance that means the price is repriced at this level. We also took out some buy stops above old highs and right now we should go lower after h4 candlestick bearish will be CLOSED. I target bullish imbalances.
What do you think ? Comment below..
US Oil (WTI Crude Oil) Analysis and trade IdeaOil has broken structure to the downside, and a return to the originating impulse was expected... and now fulfilled. What now? This video explains identifies the most likely scenarios... and the higher probability movement.
I believe price is indicating further declines, for a shallow pullback on the HTFs.
USOIL warned you about it 2 weeks agoHello everyone, as we all know the market action discounts everything :)
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On August 5th I posted about a reversal in the USOIL market, and I've set different Scenarios on how the market is most likely to move.
Today we see the result of that analysis, everything I said would happen happened where the market went near the support levels and bounced back and then down again to breakout the support level and continue moving down.
Now let us talk about what is going to happen with the USOIL market, In the last 2 weeks the USOIL had a big bearish movement as the price dropped more than 14%,
it dropped from 73.36 and today it's trading around 62.99.
It's a big Bearish movement that we had clear signs that it was gonna happen from divergences, Support & Resistance levels, and Candlestick pattern.
in the next period of time we have 2 scenarios of how the market price could be moving :
Scenario 1 :
The market price is now trending near the Support zone from 62.62 - 61.56 by reaching that area we gonna witness a battle between the Bears and the Bulls over control over the market, If the Bears were able to hold control then the price will breakout that zone and will be now on its way to hit the support line at 60.45.
Scenario 2 :
The market price is trending near the Support zone from 62.62 - 61.56, The Bulls will have the chance to show power over the Bears, they will need to gain control over the market and make the price bounce back up, if the Bulls were able to do that then the price will bounce from that support zone and will be headed near the first resistance line at 64.75 where the bulls will have to test the Bears power for any hope to bring the price back up.
Technical indicators showing :
1) The market price is below the 5 10 20 50 100 MA and EMA but still above the 200 MA & EMA. That means that the Moving Averages are giving a strong sell signal.
2) Stoch reached the oversold zone, with a negative crossover between %K (3.90) and %D (4.88)
3) The MACD is under the zero line showing that the market is still in a Bearish state, with a negative crossover between the MACD line and the Signal line.
Support & Resistance points :
support Resistance
1) 62.62 1) 64.75
2) 61.56 2) 66.10
3) 60.45 3) 69.48
Fundamental point of view :
Oil prices steadied on Friday, clambering away from three-month lows, but they were still on track for a weekly loss of more than 5% as new lockdowns in countries facing surging cases of the COVID-19 Delta variant dampened the outlook for fuel demand.
Broader investor risk aversion also weighed on oil with the U.S. dollar jumping to a nine-month high on signs the U.S. Federal Reserve is considering reducing stimulus this year.
"The spread of the Delta variant amid moderating economic growth and the prospects of tighter monetary policy are creating short-term ripples in the commodity market," ANZ commodity analysts said in a note.
"Increasing restrictions on mobility are raising concerns for oil demand." According to Reuters
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
