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Usoilshort

USOUSD short … for the week of 19 Dec 2022US Oil (WTI crude) has been steadily making its way to the downside since the past 6 months. This has been a clean downtrend, respecting previous structure for the most part and I do not see any reason why this would change. I am looking for a pullback either to the minor level in the 77.60 area or even to the major level in the 82.00 area. If some bearish price action (on a lower time frame) becomes evident, such an event would provide a good location to join the down trend that is likely to follow. Targets are located at supports at 71.50 and then at 66.50 regions. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
EIGHTCAP:USOUSDShort
by Trading_Vista
USOil | New perspective for the week | Follow-up detailA record number of new coronavirus cases in China (the world's highest importer of crude oil) coupled with the inability of the EU to agree on a price cap for Russian oil Crude prices resulted in a plunge in price as the price fell for a third straight week. From a technical standpoint, it is obvious that price action has been caught within a channel ($93.50 and $87.00) in the last couple of months to emphasize the indecision in the market. However, it is worth noting that the lower timeframes reveal that price action has continued to find lower lows and lower highs in the last 3 weeks to signal a possible bearish continuation in the new week but we can not ignore the possibility of a breakout of the bearish trendline to incite a reversal structure. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
USOIL Outlook - $76.50 ZONE POTENTIAL BREAKUSOIL is now at the 76.50 zone. It dropped all the way from 128.00. Price is about to break the 76.50 zone. My target is still the 40.00 zone. Market-makers may even push it further down to trap SELLERS. Price action is king!!!! -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- CHECK OUT MY PREVIOUS ANALYSIS!
TVC:USOILShort
by SMCSmartSniper1
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