USOIL found a good support at 61.8USOIL found a good support at 61.8 fibonacci level. I'm expecting a uptrend target next structure.
Usoilsignal
USOIL Harmonic AB=CD Pattern Analysis and StrategyWe have resumed trading crude oil and in our most recent analysis we see the formation and completion a ab=cd harmonic pattern on the 4 hr chart. Price action has also reached a major support zone at the completion of this pattern. These bullish technical indications signaled us to take a long position; which has already started moving in our direction. TVC:USOIL
U-soil daily downtrend returns?!Good morning all. I'm currently looking at U-soil for a nice swing trade to the down side. Currently we have broken our daily trend line from December swing low and failed to find buying support around my marked zones. I will be looking to enter a short on the retest of 55.50 - 55.75 area covering short back at January lows.
Any ideas or concerns?
Cheers.
Crude Oil Double Top - Possible Short NOWIn my previous analysis I mentioned watch the top for a possible short, So Price action tested the top of the expanding channel, tried breaking out but failed, leaving a double top here.
It has broken down the trend line so I am executing my shorts here.
Trade Safe!
USOIL (WTI) - Bearish Minor 2 - February Wave Counts - Part 4USOIL (WTI) labeled in a corrective sequence in Minor 2 (green), which appears to unfold as a sharp correction.
A bearish impulse would be expected before WTI could bounce back.
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More details in my signature.
Many pips ahead!
WTI Crude OilIf this candle (4-hour chart) will close below the black trendline, is very likely that the WTI will fall until the area $ 49.40/49.50. The stop loss, in the case, at $ 52.65/52.70.
USOIL - Bullish WedgeWe are currently in a Bullish Wedge which means I expect a breakout to continue the Uptrend somewhere this week.
USOIL - Retest of the Uptrendline? USOIL made a good rally up after making a 1,5 year low of 42.35. How ever I expect a small drop to around the Uptrend line. If the Uptrend line won't be broken we could see another pump to the Resistance level of ~54,20.
To be updated
US/OIL - Trading plan next week (Long)At the end of the week we closed at a very good support level of 52.00-52.20, as you can see in the charts there are multiple touches with this support/resistance level.
I'm going to open a order for monday.
Entry (order): 52,05
TP1: 54,15
TP2: 55,30
SL: 51,70
USO long, possible setupRSI+ROC have not been this low since early 2015/late 2014
Forming reversal candles on the weekly chart
SRSI and RSI+ROC are starting to curl up
Horizontals marked are the S/R levels to watch for possible rejections and bounces
Prices of each level are on the right side of the chart
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Possible trade for USO
Buy $11.11
Stop loss $10.46
Ultimate target $16.26
USOIL possibility to bullishRespected followers, USOIL rejected its support level many times since last week. In this case we can assume that USOIL will go up from the current market price to defined price on chart. Reward ratio is too much big 1:10.
US/OIL - My idea on the 4H Chart!After this pullback we could see a nice bounce to around 55.00!
Entry: 52.30
First target: 55.20
USOIL - COMING BOUNCE UPUSOIL is now at another important juncture.
we are gearing for a reversal soon, so watch the
blue line fore a bounce up
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USOIL UPDATE - EXPECTED COMING MOVES - AS WE ALREADY FORECASTUSOIL HAS NOW BROKEN THE SUPPORT LINE
EXPECTING FURTHER DROP TO THE NEXT
SUPPORT LINE BEFORE WE SEE OUR NEXT
SERIOUS REVERSAL IT COULD EXTEND TO
NEXT SUPPORT LINE.
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SEE PREVIOUS CHARTS
USOIL - ANOTHER DROP THIS WEEKi am expecting this final drop down
will it bounce or break?
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SEE PREVIOUS CHART BELOW ALSO
US Oil possible counter tradeLooking at the Crude oil, though overall trend is bearish but i just see an intraday counter trade, risk is quite low at this point, i am looking to buy to see if it works out.
Trade Safe.
USOIL UPDATE - as previously analysedUSOIL should continue its bearish drop, but be aware of the possible wave structures that could develop
see previous analysis below
like comment and follow :)
Head and Shoulders Pattern on 1H chart $USOILHead and Shoulder pattern formed in 1H chart
Neckline got broken along with MA50 to confirm the downtrend
TP1 = 71.43 and TP2 = 70.40
USOIL Potential Right shoulderTVC:USOIL Potential Right shoulder
All information is given inside the chart and shared this for educational purpose only. Good luck...
4 - USOIL (WTI) - September FREE SignalsWTI (USOIL) labeled as an ABC correction, where wave B presents an Expanded Flat which is finalizing with an Ending Diagonal.
Expecting a big sell-off in wave C.
USOIL - 350 Pips + OpportunityUSOil has broken it's 200 ema on the 4 hour chart and prices jumped up.
If it does find support at current levels, we can expect USOil to rise even further anywhere till 73-74.
