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Usoiltrade

US OIL is now BearishThis has been very steadily grinding downwards and is now entering a Bearish environment again. I think this will reject off the lower trendline that it broke yesterday, it is just below this now. From here I have set 3 targets for TP that can either be held or swing traded. If this does reject the trendline mentioned the SL can be just above this. I do think this could drop even further as indicated by the Fibonacci at 0.382 ($46.19) but it is very risky to hold a short and expect it to reach there.
TVC:USOILShort
by olly48
Oil Hedge Buy OrderOil Long Position Entry: $53.07 TP & RR: $54.12 (2.49) Stop Loss: $52.76 REASONS FOR THE TRADE If you followed my trade idea from yesterday, then you should have an open short position at $53.55. I was expecting a lower high, but instead, the price formed a double top. Our SL wasn't hit. Anyway, I believe a new uptrend channel has formed and in order to secure your profits from the short yesterday, I suggest moving your Stop Loss as well as considering a hedge long position. Should this trade idea prove valid, you will be piggybacking on the small uptrend until we reach the upper channel. If it turns out to be invalid, then part of your short order will cover the losses for this long. Stop Loss is under the lower trendline and the target is set at the upper one.
TVC:USOILLong
by Quant_
USOIL WTICRUDE - Massively Profitable Trade!2021 is going to be your most profitable year of trading because of the economy reopening, offering major opportunities in the market. Now is the most important time to learn a consistently profitable strategy so that you are ready to take part of all the major wins that will continue to be available in the market. Please make sure to "like" and "follow" me to learn how to avoid common mistakes and losing trades, and become a consistently profitable trader. USOIL, WTI is MOSTLY impacted by fundamentals. Key levels only serve as entry and exit points. Fundamentals will destroy chart patterns any day of the week in this specific market. We caught a really good move this morning with a buy order that we had in place.
TVC:USOILLong
by nassimettaki
OIL - Black dilemmaThis is not the best setup , I'm not going to trade this because right now there are much better possibilities on the market. The 2 reasons it's worth taking a shot : 1. 200 SMA 2. Time wise we are arriving into the timing band of the possible ICL decline. After the severe declines the 200 SMA acted as an important resistance many times I used it in a few ideas too: Right now we are in the 3rd daily cycle of this intermediate cycle.Oil had every chance to break the 200 SMA and start a trending move. It didn't happen though. The 50 SMA and 200 SMA forms an unbreakable resistance after the strong uptrend from the negative prices. I'm expecting a bottom between the end of October and middle of November. I will use the Fibonacci retracement to set a target: the 50% retracement seems a reasonable target in this decline.
TVC:USOILShort
by chartwatchers
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