USOIL - Retracement expected ✅Hello traders!
‼️ This is my analysis on USOIL .
Here we are bullish from all timeframes perspective, so I am looking only for longs. I expect price to make a retracement to fill the imbalance below and then to reject from bullish orderblock.
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Usoiltrade
US Oil is going down as we expected... about $80Hello guys
As we said in the recommendation 4 days before it @usoil is expected to go down, and it will continue to go down... Take advantage of this opportunity
...you won't lose after knowing me
USOIL : OIL ⛽️
STOP LOSE ⛔️ : 88
TP ✅ : 82
TP 2 ✅ : 77
Good luck
A drop in the price of US OIL is expectedHello guys
I'm back to post analytics ....
usoil will witness an expected decline, because it is in an important descending trend, my analysis will be correct and we will meet in a later analysis .
You can rely on this recommendation :
USOIL : OIL ⛽️
SELL USOIL : OIL ⛽️ PRICE : 86
STOP LOSE ⛔️ : 88
TP ✅ : 82
TP 2 ✅ : 77
GOOD LUCK
USOIL - Short from resistance ✅Hello traders!
⁉️This is my analysis on USOIL.
Here we are in a bearish market structure, so I am looking only for shorts. I expect price to go a little bit higher to fill the imbalance above and then to reject from resistance.
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USOIL Oct 1 22🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
USOIL ! Daily analysis bullish or bearish ? Short rules are simple: don't force trade against terend, with a clear HL-LL structure. Then, at the red level, is sell zone. momentum is looking price fail to make a higher high, then go to entry short.
traders need to enter short at that level, as a red engulfing reversal candle appears at that point.
verify a lower timeframe for the best analysis and wait until short confirmation.
Must wait for more signals as a confirmation candle, otherwise
Long rules are simple: If you get high risk, high reward. Then wait for the break red zone, with massive bullish momentum
USOIL - Short from bearish orderblock ✅Hello traders!
⁉️This is my analysis on USOIL.
Here we are in a bearish market structure, so I am looking only for shorts. I expect bearish price action as price took out liquidity above previous weekly high and mitigated bearish orderblock.
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USOIL ! Is this the end of the oil down ? long trade idea.Oil prices have fallen in last few weeks, but the bullish trend continues for a long term. If USOIL get shows a support at the level of 74.20 and bullish forming, I open long trade.
Why oil is still bullish ?
1. World oil production rose 790 kb/d in August to 101.3 mb/d, with a strong recovery in Libya and smaller gains from Saudi Arabia and the UAE offset by losses in Nigeria, Kazakhstan and Russia. From August through December, growth is forecast to slow, edging up by just 280 kb/d to 101.6 mb/d. In 2022, global production is forecast to rise by 4.8 mb/d, to 100.1 mb/d, and by 1.7 mb/d in 2023 to 101.8 mb/d.
2. Geo-political events
The geopolitics of oil and gas can be viewed as resulting from the balance between supply and demand, which affects the power dynamics between energy exporters and importers, energy security, and the military strength of major powers
USOIL is in possible sell zone!!USOIL 4h Has broken down after creating a head & shoulder on the lower timeframe. Upon new opening, the price has formed a new bearish structure and again has broken down after a liquidity grab as soon as the market opens. Currently, price retesting the previous support as resistance on the local structure and rejecting that can give us another opportunity to sell WTI after our first successful trade as soon as the market opens.
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WTI CRUDE OIL US OIL DROP MORE ?Hey traders! In the US OIL Market structure we see after drop of oil prices on 14 sep from 90$ per barrell price is now holding its support area which is 84$.
What we see in market structure?
Price breakout its market structure in 2h timeframe and show the selling pressure at 86$ which is very stong support for usoil now price again come to this level now as a resistance and respect this level/ also bearish flag formation also indicate that we see selling continuation in the price of us crude oil on monday market opening. Price is near its support and test multiple time and it show the weakness of support we see on monday and coming week/ this week also fed rates are coming so banks and institution smart money also looking for fresh data coming from US/
TECHNICALLY US OIL is showing selling pressure after the breakout of bear flag we go for the short position sell in wti us oil for the target of next pivot point support 82.40 level and next the low of 08 sep 81.36 level which is strong support we see in oil price. Our stop loss is in the monday high or the previous 2h candle high or above the 2h previous candle.
USOIL is in sell area!!USOIL (4H) is currently approaching to test the neckline of 4H head & shoulder. It is high probability that the price will have a rejection as we already have seen strong rejection from this important area of value with long bearish engulfer.
As the long-term trend is down, it is a high probability that the price will continue to drop as daily has a strong bearish price action as well
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USOIL where to sell?USOIL has formed a strong bearish price action on a daily and higher timeframe. In the 4H timeframe, we see a significant expected retracement to the upside. Price is now currently approaching this important level of resistance. Upon rejection and price action confirmation, a selling opportunity may arise.
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USOIL possible sell zone!!USOIL ( 4H ) Currently in a downtrend we have last week price has just rejected this long-term resistance and has created a double top on the 4H. As the trend line is respected, we could see another drop in this instrument to the downside to the monthly support zone
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USOIL possible sell zone!!USOIL (D) has broken out of daily support with a strong bearish engulfer. The price is already in a downtrend and it is possible that the price will drop to the monthly support level before creating upward movement. On the test of this previous support as resistance, if enough rejection is shown, a selling opportunity may arise.
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USOIL Long: Bearish Butterfly, Tweezer Bottom & Fib ExtensionTrend: Upward
Candle Sticks: Tweezer bottom at the new LH.
Support & Resistance: Support at LH and Resistance at TP1 and TP2.
Fibonacci Retracement and Extension: Retracement level of the previous rally is around 0.6 and the next HH would be around 1.2-1.4
USOIL | 2 Short scenarios | 15min Tales | Chapter 2Be aware this trading scenarios are based on the 15min chart.
TLA1 is based on a recent Swinghigh that served as a strong resistance level.
1. Short (Orange arrow)
Requirements:
- Price falls below TLA1
- Price moves to S/R Level 1 or falls even deeper
- Short opened on retest of TLA1
Target: Recent Swinglow aswell the next Support level (on that timeframe)
S-L: See chart - i dont want to see a candle open/close above it
2. Short (Red arrow)
Requirements:
- Price goes below TLA1
- Price falls atleast to S/R Level 2 or lower
- Enter short on retest of TLA1
Target: HTF Support level and first stop of the recent downtrend
S-L: See chart - i dont want to see a candle open/close above it
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
USO: Rubber BallLike a rubber ball, USO has bounced off the green zone between $77.92 and $79.69 twice and finished wave 5 in green. We now expect it to jump a bit higher still to finish wave ii in orange before dropping down until the support line at $67.68. There, it should rebound to complete wave iv in orange and resume the overarching downward movement afterwards, which should lead into the turquoise zone between $60.18 and $43.48. There is a 30% chance, though, that USO could jump above the resistance at $87.83, thus continuing the ascent instead.