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Usoilshort

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.
TVC:USOILShort
by Free_Signals_UK
2
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! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
TVC:USOIL
by INotFancy
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
TVC:USOILShort
by Zezu_Zaza
4
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
TVC:USOILLong
by UnknownUnicorn18340320
4
US OIL SHORT UPDATENot even in Wednesday and we just closed 340 pips and we all made serious bags... Oil has done exactly as stated and this are moves well called in advanced. All followers were briefed with three sell zones all of which came through to perfection. Oil is back within the consolidation zone so we closed just above our first target. Make sure you follow me for my next set up! Confused on oil? drop me a message. 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
TVC:USOILShort
by UnknownUnicorn18340320
2
Waiting for the opportunity to sell with USOILH2 time frame. HIgher time frame downtrend structure, price tends to rise to Key level 70.00 then price breaks the trendline. Price formed a double top reversal pattern with a divergence signal. However, the bullish structure remains and there is no bearish confirmation yet. Wait for the price to drop below the price of 67.00 and have a bearish confirmation to find a selling opportunity. Profit target after price confirmation is 62.00. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
TVC:USOILShort
by tradafx
2
US OIL SHORTUnfortunately the last idea I posted covering the recent moves got hidden by moderators... Once again another oil trade called to pure perfection. I warned of a bullish move to 70.40 and even provided a long set up in this. Oil overall is very bearish now and has formed a new higher low within our down trend. I do not see oil pushing back up past 70.40 unless some major news comes out. I stated that 70.40 will be tapped and could be tapped a few times before dropping which it did. This was a key resistance area which many failed to recognised. I gave the option to long oil that had solid closures above this zone and short it upon rejection which is exactly what we did. They key to Oil is now to keep below the green dashed line, above this and we are bullish but below we are bearish and it's that simple. We can see that price dumps from this region and it what I expect to happen now. Oil has the chance for some pull backs but my bias stays unchanged unless we get bullish candles above the stated zones. I am targeting the black lines which is where I will scale out my profits from the swing trade we have entered. As price goes down I will move my SL accordingly and everyone that as followed me will be able to do the same. Entered at 70.40 and now running with well over 100 pips profit. All oil fundamentals are negative for oil. Confused on oil? drop me a message. 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
TVC:USOILShort
by UnknownUnicorn18340320
11
USOIL warned you about it 2 weeks agoHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ 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.
TVC:USOILShort
by GabiDahduh
6