Usoilsignal
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.
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
SEE PREVIOUS CHARTS
USOIL TVC Crude Oil - Short Opportunity 6%+ Drop Potential!USOIL just impulsed from a large bear flag and appears to be forming a smaller bear flag continuation for a re-entry short position to go lower. Potential bounce areas are shown in ray lines. Position is confirmed with impulsive break from flag, set your order and tight stop loss right above the flag pattern. Position is invalided if pattern forms a downward moving correction. As much as 6% or more drop potential is here.
Crude Oil possible correction to setupMy last call on Crude smashed the target well above 1,000 pips, at the moment it is almost testing its multi months channel top, however trend still is very much strong, i am looking for a linear compression to be forming at the top of the channel. Expecting a correction there so I could look for sell setups, keep eyes on this market for a possible sell swing trade.
Happy Trading.
USOIL Signal for short. The best place for open deal is near...USOIL broke down key sell zone $66,40
Few day ago OPEC announced that they are increasing production of OIL. That means price can continue to move down. The best option is look for short on PullBeaks. Key place for open sell is near $66,40. Meddle — term goal could be 4 — month low $58
USOil - 300 Pips+ Short OpportunityUSOil has broken it's support and is currently in a bearish trend. The loss may possibly continue further down until a strong support establish itself.
This is only an idea and as always invest after your own analysis as well as money manage properly!
Happy Trading!
USOil - Watchout for the break - 200 pips+ OpportunityUSOil is currently in a consolidation zone. Keep and eye on it for when it breaks out.
I am still neutral to whether it can go up or down. However, I do know that once it breaks out it will have a big move.
Always trade after your own analysis as well as money manage properly.
Happy trading!
USOIL short based on trading system.I will begin posting both backtested, and live trades with updates using the set of rules I've developed for short/long entries across 5 min, 30 min, 1 day time frames.
This system merely runs with trends and exits for this purpose are based on a set of rules.
On equities this system is mostly successful in a long only strategy as short side moves tend to be too aggressive to generate a return large enough to justify the risk level taken.
I will be testing this primarily on SPX, USOIL, BTC, and a few equities.
I appreciate any and all input.
Crude Oil (WTI) Daily Chart : Consolidation in PlacePivot: 51.65
Preference: short positions below 51.65 with targets at 45.00 & 43.75 in extension.
Alternative scenario: above 51.65 look for further upside with 53.60 & 55.00 as targets.
Comment: as long as 51.65 is resistance, likely decline to 45.00.
Supports and resistances:
55.00 **
53.60 **
51.65 ***
47.14 Last
45.00 ***
43.75 **
42.10 **