Usoilshort
USOIL Full Analysis ,Short Scalping And Long For Long Term SetupThis 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
Oil short readyHi there,
Oil preparing a big move to the downside, since March 2020 lows we are on a new trend, completing the 3 wave we go for the big correction to the downside, Long term, Oil still a buy, but for now look for shorts only.
Watch price action in lower timeframes to go short,
Good luck
Slippery When Wet......Just like my girlfriend after i tell her i have made £100,000 this week trading.
76 is such a key phycological level for oil, as you can see it has been used so many times as support and resistance before and take in to note this is the monthly timeframe this makes it about as strong as it can get!
I can personally see price dropping from this 76 level, if price does drop then my next level of possible support would be 63 as shown on the chart, this also has been used as strong support and resistance in the past. The reason i think price will drop is because i can see more lockdowns coming, this will lead to nobody travelling in cars or going on holiday so there will be no need for aeroplane travel, this will lead to less demand for fuel so price will drop.
You always have to look on the other side and see what would happen if price breaks 76, If this happens then my next possible resistance level is marked on the chart at 86, for the same reasons as all the other levels it has been used as strong support and resistance before.
Let me know your thoughts, do you think we will be getting more lockdowns?
Cheers.
Monday: USOIL - Week 39Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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24th Sep 2021: OIL Price Will Drop To $50.60 Prediction50/60 is the next prediction number.
50.60 is the new number lottery price.
The 50/60 agenda is just about to begin with from the oil.
This will take time. This is not just one day work.
Agenda and cards has been planned on the oil production company.
There will be an event will about to occur between middle party.
50/60 is a clash.
My prediction towards after the pass successful prediction on Putin President to $42.00 per barrel will end its trend.
It is a second chapter.
We will might dont want to hear any hard agenda will be going on towards the Q4.
We will see the secondary reset of the century.
Lots of crash and clash will about to occur.
Keep this number and mind and stay towards the prediction.
Zezu Zaza
2048
Wait for a buy signal with OILH4 time frame.
Structure: The bullish structure is confirmed.
The price returned to the 70.00 support zone.
Here, wait for bullish setups on the 1-hour timeframe to buy.
The profit target is the 74.00 zone.
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Wish you all have a good trading day!
US OIL LONGOil is starting to show bullish price action and it looks like bears are struggling to take control...Like the good trades we are we adapt and set another game plan.
The new plan is simple...Below 69.40 and I will short to the zone specified and above 69.40 I will long to the zone specified SIMPLE!
Why sub to me??
-Before my break I was top rated author for oil
-Look back to see how I called the bull and bear market
-Called the oil drop to sub $10 well in advanced
-The OILBARON is always two steps ahead of oil