views in dcb for USOILTVC:USOIL broke down a major support zone and now that support zone acting as a major resistance zone. upcoming strong support zone 62.45-60-65. upcoming trend will be sideways to downtrend.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment advice/recommendation. SEBI unregistered independent trader/analyst.
Usoilshort
Bullish on crude oil, target 72
OIL broke through the resistance around 69.8-70 yesterday, and the resistance has now turned into support.
The new resistance is around 70.8. If the support does not break, you can go long USOIL.
The first TP will continue to be placed at 70.7 yesterday's TP. If Break through 70.8, the next TP target is 71.2-72.4.
SL temporarily set to 69.47
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Another Sell-Off on OilI don't have any fundamental reasons why USOil is selling because I'm not a fundamental trader, but I like the technical analysis of Oil.
If the price can stay below 69.60 a barrel, I will be trading back down to the low.
I'm grateful for the opportunity to be able to place this trade. Do you trade Oil?
USOIL - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here I still looking for shorts position and expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block where I will look for a confirmation on lower timeframe.
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Oil Finally Broke 3 Month Consolidation USOil has been consolidating since late December. If you're a trend trader you know you're either going to be waiting for price to break the consolidation range before you trade or if you were already in the trade, you'll be holding onto the trade until price begins trending again. Well, USOil finally made a new low.
This is a great time to setup for future sell positions if rice pulls back and can stay below the last lower high price. If you haven't read my previous post on oil, where I go into detail about the consolidation range, give it a read. The post is below.
As always, thanks for reading this quick post. Be sure to like the post to boost it. I appreciate it.
USOIL - Short as per Volume Profile ✅Hello traders!
‼️ This is my perspective on USOIL.
Here we are in a bearish market structure from H1 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement and then to reject from bearish order block, as well we have there most orders as per volume profile .
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howto set stoploss correctly and do a goodjob of risk managementStop loss is a necessary means to control risk, and using a good stop loss point is the only way for investors to win.
There are two types of methods for setting the stop loss point: the first type is a regular stop loss, that is, when the reasons and conditions for buying or holding disappear due to changes in market conditions, the position must be closed or stopped immediately. The second category is auxiliary stop loss. In practice, the maximum loss method, retracement stop loss, sideways stop loss, expected R multiplier stop loss, key psychological price stop loss, tangent support level stop loss, moving average stop loss, cost moving average stop loss, Bollinger band stop loss, volatility stop loss, K-line combination stop loss, chip intensive area stop loss, CDP (contrarian operation) stop loss, etc.Investors should judge based on their own risk tolerance and choose a stop loss method that suits them.
The market has been fluctuating all the time, and there are opportunities at all times, but before we make a transaction, when we look at a certain position, we also need to refer to whether the stop loss position is well set, how much profit margin can be grasped, and whether it has played a role in using small capital to fight for high returns.
The size of the stop loss: It can be set according to the resistance support in the seeking stop loss point above. The size of the stop loss we are talking about here should be set more based on the profit margin. This is the high return of small capital. When our profit margin can only be seen at 5-8 points, the stop loss can be controlled at about 3 points; The stop loss point for medium- and long-term trading can be appropriately enlarged, and when the profit point is above 30 points, the stop loss can be set to more than 8-10 points.Of course, the size of the stop loss is more of a reference factor in resistance and support.
Spread in stop loss: We all know that the cost of trading is composed of spread and commission. When we place an order, we try to find the best entry point and calculate the spread. Then the same is true when setting the stop loss. The above talked about finding the stop loss point and the size of the stop loss, then in the gold investment market, it is often a decimal point that can change the profit or loss, so we need to calculate the spread when setting the stop loss.
Several principles for setting a stop loss point:
1. Once the stop loss point is set, it is not recommended to change frequently if it is not necessary. It should be implemented decisively. Stop loss is actually a prerequisite and guarantee for profit.
2. The stop loss point should be set before each lot is traded.
3. The stop loss point can be flexibly changed, but it must not be changed day and night.
4. Before setting the stop loss point, it must be based on the current overall trend
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Going long on crude oil.
The crude oil is currently trading around 74.8, with some support visible on the 4-hour chart. In the short term, there is upward momentum observed on the 1-hour chart. As a trading strategy, one can go long near 74.8 and target 76.3, with the possibility of further upside if the resistance at 76.3 is breached. If unable to break through, a short position can be considered at 76.3. I will keep you updated in due course.
Short-term trading strategy: Go long near 74.8 with a target of 76.3.
MCX:CRUDEOIL1!
Going short on crude oil at 77.8.
At the start of the Asian market on Thursday, crude oil is currently trading around $76.5 per barrel. On Wednesday, crude oil continued to fall as concerns about more aggressive interest rate hikes weighed on economic growth and oil demand, outweighing the larger-than-expected reduction in US inventories. Although yesterday's decrease in crude oil inventories did not cause significant fluctuations in the price and quickly recovered, it shows that the overall trend of crude oil is weak. My trading strategy remains short, with a focus on selling high.
My trading strategy is to short crude oil at $77.8, with a stop loss at $78.6 and a target of around $75.
Investors can choose their own profit-taking points according to their trading style. The above is only a short-term trading perspective. I will notify you promptly if there are suitable opportunities. Liking, commenting, and subscribing are the best encouragement for me. Follow me to make trading simpler! You are also welcome to read my other ideas below.
MCX:CRUDEOIL1!
Crude oil stepped back to the buying pointRecently, crude oil has experienced a major pullback and is currently in a phase of rebound and volatility. Yesterday's market surged and fell back, and at one point fell to around 77.00. Currently, it has stopped falling and rebounded. From the attached chart below, it can be clearly seen that there have been signals of bullish players laying out their positions at the bottom area, as well as several buy signals during the process of rebound and pullback, which have formed a small rebound wave. Currently, there is another buy signal appearing during the pullback, and with the potential influence of EIA data in the evening, it is highly likely to see another upward rebound. Our focus remains on the resistance level near the 80.90 moving average.
In terms of operation, we continue to adopt a short-term strategy of selling high and buying low.
Specifically, we suggest buying near the 77 level with a small position and paying attention to the breakthrough of 77.8. The specific profit-taking point will be updated in a timely manner in the post.
As for today's EIA , it will depend on everyone's own judgment whether to seize the opportunity or not. Stay tuned and let's reap the harvest together.
Waiting for a rebound to go short.
In the early Asian session, US oil traded near $77.20 per barrel. On Tuesday, crude oil plummeted more than 4%, affected by Chairman Powell's speech exacerbating concerns about interest rate hikes and a stronger dollar. Powell stated to lawmakers on Tuesday that the Fed may need to raise interest rates more than expected to respond to strong recent data, which led to a downturn in most financial markets. Today, shorting is favored in crude oil. Strategy suggestion: Sell crude oil near $78.3-$78.5 with a stop loss at $79.2 and a target near $76. I will also give an alert once it reaches the target.
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TVC:USOIL FXOPEN:XAUUSD
USOIL - Long active ✅Hello traders!
‼️ This is my perspective of USOIL .
Here we are bullish from H1 timeframe perspective, so I am looking for longs. I expect bullish price action from here as price filled the imbalance and could reject from bullish order block.
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Buy crude oil at 80.43.
The core of trading is not how much profit can be made in a single transaction, but whether one can achieve sustained and stable profitability over the long term.
In the previous article, the strategy given for crude oil was to go long at 78.5, with the target at 80.5, and it was a perfect take-profit. Currently, the support level on the hourly chart is at 80.43, and waiting for a pullback without breaking the support level is a suitable choice.
Current trading plan: Go long at 80.43 for crude oil, with a stop loss at 80.13 and a target at 81.50. I will remind you when the trading point is reached. Liking, commenting, and subscribing are the greatest encouragement for me. Follow me to make trading easier! You are also welcome to refer to other ideas below.
Ready to buy crude oil again.
Friends who followed my previous article have already sold at the perfect profit point. As expected, the trend is up from 78.5 to 80.5. So, there are still opportunities in the oil market.
Personally, I believe that the 1-hour chart will form support around $80 and then continue to rise. It's not far from the buy point now!
I will update the specific trading strategy later.
Liking, commenting, and subscribing are the greatest encouragement to me. Follow me to make trading easier! Also, welcome to check out my other ideas below.
USOIL Now $77 SELL
USOIL had a good rebound today, and the anti-fall signs are obvious. We had successfully taken profits and exited near 76.5 US dollars multiple times previously. According to the four-hour chart, USOIL has rebound demand, but the overall trend is still downward, making the rebound just a better shorting opportunity.
Personal operation suggestion:
SELL at $77, TP1 at 76, TP2 at 75, SL at 77.8.
For reference only. I will also update the latest layout thinking in time. Thank you for your attention and support. I will only do the most authentic analysis.