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Usoilshort

US OIL trickling..For more Daily Detailed Analysis, Go ahead and click on the follow button. Also if you have any questions, please do ask them! Here we have our USOIL chart. We looked at this Asset short previously and we are now seeing a huge fall on the current Inflation fear news in the US.. The huge rally and high price has provided a Market Maker stop situation above previous highs. The price Also is a resistance area on higher timeframes. We can now see a change in movement to the downside which is why we are looking to sell as price falls (see chart). We are bouncing off MA's currently on the 1H and will be looking to see price lower. Exit zone is shown by the eclipse symbol area.
TVC:USOILShort
by WillSebastian
17
USOIL MARKET BREAKDOWNUSOIL MARKET BREAKDOWN Last week was the stuff of dreams with USOIL pulling through for insane pips, GOLD pulling through for insane pips and GBPUSD giving us a modest bag! As stated last week were are simply following the USOIL down trend and it's working out nicely so far. USOIL dropped down to our bottom zone before pulling back, we did try to long this but after confirmation we couldn't get that little bit more of a dip which we needed. I have marked out the important zones for this week and it's important to note that $94.50 has been tested so many times on this timeframe and multiple others so I don't see another retest within this next leg down. Look at the very left of the chart on the white line. We can see this area actually acted as a decent support region but since we broke from it price hasn't really reacted much with this level so I would expect this to be the next zone we see resistance. As always USOIL can drop from the current zone and it rejected hard from $91.80 which makes me slightly sceptical of a push higher but my behind the curtains strategy is point towards $92.70-$93.30 as the true rejection region (I ALWAYS STICK TO WHAT MY STRATERGY TELLS ME). I'm sitting, watching and waiting for my time to strike.
TVC:USOIL
by UnknownUnicorn33264805
6
Joe Gun2Head Trade - Expecting lower prices on OilTrade Idea: Selling Oil Reasoning: Looks set for lower prices Entry Level: 92.38 Take Profit Level: 88.74 Stop Loss: 93.31 Risk/Reward: 3.97:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OShort
by Signal_Centre