Usoiltrade
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.
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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.
Dear followers, the best Gift for me is "will be your likes , comments & Share
Note: This is only for Educational purposes; this is not investment advice.
Thanks for your support!
CRUDE OIL (USOIL) DailyDates in the future with the highest probability for price direction reversals
USOIL output cuts to end of AprilWe highlighted this zone earlier this week. the price will probably bounce from this level. we will watch the $42 level closely.
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 and the SHORT ZONEAs we can see the value is falling for the Coronavirus consequences, anyway We also expect the fall (with a possibility of a retest in the uptrend tendence) but the value will continue falling, we also see a good retest in 61% of fibonacci , an evening doji star at the last LH and a strong down tendence
WTI Crude ABC Corrective Pattern - Possible Wave 3 Buy SetupCrude Oil fell quite sharply past month due to US-Iran conflict and recent Corona Virus news, there is plenty of support around $50 mark on this market, this is a counter trend trade as I am seeing momentum weakness and convergence around this area so expecting the market to revisit $54 mark.
Trade Safe!
USOIl at the important support level!!The price is sitting at an important level since NOV 2018 and the price is expected to bounce from here, put low amount as it is a risk trade
USOIL making a DB (double Bottom)USOIL is making a double bottom pattern at $49.50-$50.00 level which currently plays as support. The attitude of the Russians about the OPEC will probably give some direction.
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.
