Usoilsignal
USOIL: Possibility to Drop till $10 Thanks for Taking Interested in my Trading Idea.
USOIL: Possibility to Drop till $10
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Note: This is only for Educational purposes; this is not investment advice.
Thanks for your support!
chance at a rejection after positive news from China and Russiawith a completed wave and a rejection at the 618 level, we expect that the price can make new higher highs. especially with the fact in mind that Russia started the conversation with the Saudis to stop the price war in the OIL. on the other hand, China recovering from the Covid-19. this can be a double impulse for a bullish oil.
USOIL: Falling Wedge Pattern.Thanks for Taking Interested in my Trading Idea.
USOIL: Falling Wedge Pattern.
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Note: This is only for Educational purposes; this is not investment advice.
Thanks for your support!
USOIL is going to Neutral PhaseAfter the predictable fall in oil prices, it can now be said that oil is entering a neutral phase.
CRUDE OIL (USOIL) DailyDates in the future with the highest probability for price direction reversals
USOIL LONG TERM SWING SET UPBuy limit usoil
Entry 1 45.86
Entry 2 44.68
Sl 44.00
Tp.1 46.86
Tp.2 47.86
Tp.3 49.86
Tp.4 52.86
oil price developing in a parallel channel approaching the $42.0after the massive selloff from this week, we see that the price is approaching an important support level which is respected multiple times
in history. all stocks and indexes are in deep red numbers and this includes oil too. on the other hand, we know that this selloff has also
an end. from next week, we can expect some reversal signs. personally I expect some little more downside movement to hit the 42$ zone.
watch for potential longs in the $42.00 zone
USOIL broke the descending channel already!In the previously published idea, I shared that USOIL made a nosedive and attempting to recover from this loss and it made a double bottom on the daily chart.
This week the asset has broken the downward channel as displayed in the attached chart. and it's riding the upward trend line.
USOIL has also broken the recent strong resistance at $52.12 after testing it several times.
It's likely to test this support again before continuing the bullish rally.
Watch out for the $52.65 - $52.70 price range to be broken!
Cheers!!
USOIL LONG set upBuy usoil
Entry 1 50.86
Entry 2 50.42
Sl 49.10
Tp.1 52.20
Tp.2 53.40
Tp.3 54.68
Tp.4 56.00
Tp.5 57.80
usoil long set upBuy usoil
Entry 1 51.08
Entry 2 50.48
Sl 49.10
Tp.1 52.20
Tp.2 53.40
Tp.3 54.68
Tp.4 56.00
Tp.5 57.80
#USOIL, Only if you like risk click on the above signal! True, this is a signal that goes against the current trend and therefore the risk is higher but the above support line $ 50.8 cannot be ignored.
The RSI has reached the bottom possible, a necessary price correction.
Stochastic shows that USOIL in Oversold.
Target: $ 54
In case of break of the above support line the signal is canceled.
Best Time to long term Buy Us Oil .Long term buy Us oil near 51.50/50.00 sl below 46.30 Target 67.00 / 76.00 just Trade with proper money Mangement Thanks
USOIL long trade update on H2Note : In the previous analysis the setup went according to plan (link below!), this update is for those of you who want to re-entry, good luck ;)
Plan : wait for the rejection / entry signal candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
UOSIL ON FIREHi Traders;
Today I'm about to make huge profits from OIL.
On H1 we can see a start of an uptrend. I put my tp to 63.85.
Follow me for profits ;)
Benjamin
