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Usoiltrade

USO: StairwalkerUSO has planned a tough workout on the stairwalker. After finishing wave iii in turquoise in the upper turquoise zone between $76.92 and $75.60, it should move upwards to complete wave iv in turquoise. Then, USO should drop into the lower turquoise zone between $73.45 and $72.12 to end waves v in turquoise and 1 in green. Following another countermovement into the green zone between $77.71 and $81.57, where wave 2 in green should end, USO should fall below the support at $67.68 and the one at $62.92. There, it should enter the yellow zone between $60.18 and $43.48 to finish waves 3 in green, c in orange and (2) in yellow.
AMEX:USO
by MarketIntel
Magical squares in Oil. Pay attention on it. We could see 3 global square range at the Oil chart for last 10 years. I call it Support, Resistance and a Transit zone. You could see that we have successfully leaved Support zone (so, no Oil shorts any more) and follows to the Transit zone. There are 2 main options now - to push off from it and return to Support zone or to come inside of it. If we come inside of Transit zone, it means we are on the path to Resistance Zone. And that's 100+ Oil price area. Let's suppose we are take off in Transit zone. There is a question - how long Oil is going to be passing throw it? You can see app. historical periods on chart. I have viewed a lot of forecasts at TV and there is almost absent some setups with 100+ price range. That could be a sign that traders are not expect fast emergence of Resistance zone. That could mean that this time transition could be really fulminant (almost no one expected of Oil's drop to 40 area from 140). Anyway, I prefer to forgot of longterm shorts of Oil for 2017. Happy New Year! Best wishes for everyone. Wish you an excellent year with a lot of joy and profits. May all your dreams come true. Be happy!
TVC:UKOILLong
by UnknownUnicorn163516
USOIL LONGS ACTIVE 📉📉📉📉 Expecting bearish price action on USOIL as price takes out weekly lows and fills a bullish imbalance on the H4, we have a clear bullish market strucutre from a HTF premise on this chart and we should go higher somewhere around 120 price area where we have a lot of bearish imbalances. From a market seasonality stand point we are in a CLEAR BULLISH SEASONALITY meaning the price of USOIL should rise more and more, way above 130$ per barrel. What do you think ? Comment below..
TVC:USOILLong
by AnonimFXRO
USOIl - 4h - Long or Short - Ready to engage Short scenario General Currently we are below the Weekly open which is in confluence with the HTF range 50% (untested though). The orange level is a weekly s/r level. If price manages to break under the green s/r level (level 1). I expect a move down to the 50% fib level of the recent range. Maybe lower. But given the current situation and that we are generally in an uptrend its better to be careful with shorts. Fundamentals - Plan (Blue arrow) Target 50% Fib level of the current range Requirements - Break under the green s/r level (level 1) - No break followed by a retake of level 1 - Break of level 2 (blue line) Invalidation / SL - Price moves back above level 1 after breaking - SL slightly above level 1 Time duration Days, weeks, months, years... ;) Long scenario General If prices should manage to get above the weekly open i am looking for longs. Fundamentals - Plan (Orange arrow) Target HTF s/r level Requirements - Prices moves above weekly open - Price move above recent deviation (green circle) Invalidation / SL - Weekly open fails to support price after a retake - SL slightly under the orange s/r level Time duration Days, weeks, months, years... ;) Additional I linked to another USOil Idea with a different time frame. They dont exclude / invalidate each other. if they occur / develop. Good luck
TVC:USOIL
by a_tale_of_bulls_and_bears
USOIL LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on USOIL as we are in a bullish market strucutre from a H4/D1 perspective, price is rejecting right now a bullish orderblock area on H4 this area could act as a valuable area of support if you will. Another reason why i think we go higher from there is because price has a lot of bearish imbalances near 120$ area that are still opened price could be magnetize there to fill the price inefficiency. What do you think ? Where we go next ?
TVC:USOILLong
by AnonimFXRO
4
USOIL LONGS ACTIVE 📉📉📉📈 Expecting bullish price action on USOIL, as we are in a HTF bullish market strucutre, price fills all the bullish imbalances on D1 and H4, we have a h4/d1 bullish orderblock rejection + institutional figure 100$ for USOIL which is very important, we have also a lot of bearish imbalances that should be filled somewhere around 120 as price was very inefficent in that area, that area works as a magnet for the price. Fundamental Context on this asset is likely bullish, i will also attach market seasonality chart so you will understand that we are in a bullish cycle. What do you think ? Comment below..
TVC:USOILLong
by AnonimFXRO
4