Usoiltrade
USOIL Long PlayUSOIL looking perfect for a long
Huge rejection of the 78.6 as well as a higher low on the 1H timeframe.
The prior wick indidcates some strong buying pressure from the region below and a long makes a lot of sense.
Stops just below the prior hourly wick, take profit at $44.
Hope this helps.
USOIL CRUDE OIL FUTURES LONG SET UP TO $44US OIL LONG DROP
P 39.54
S3 35.4 S2 37.47 S1 38.49 R1 40.56 R2 41.61 R3 43.68
CRUDE OIL FUTURES
TITLE : BUY USOIL
ASSETS : COMMODITIE
SYMBOL : USOIL
ORDER TYPE : (EP1) market
(EP2) LIMIT ORDER
TF : 1W
ENTRY PRICE 1: $37.98
ENTRY PRICE 2: $37.08
STOP LOSS : $36.20
TAKE PROFIT 1- $38.98
TAKE PROFIT 2- $40.08
TAKE PROFIT 3 -$41.98
TAKE PROFIT 4 -$43.08
STATUS: ACTIVE
USOIL, Best Place to open Long EntryCrash of USOIL Market is only temporary and this price cannot be rejected by any trader. The highlighted place of 10 dollars per barrel is the best historical price you can get to open a buy position for long-term. The Scalp can be targeted for 100% profit to place around 20.00 and swing trade to 300% if not even more. This trade is only AWESOME!
usoil entering the$20 region where a strong ressistance is readywith a Major rejection at the 786 level of the fib, we saw a nice bearish movement to the first -27 level. we have some room of 100 pips to hit the $20.00 region which aligns with the -618 level. from that level, we can expect some sideways movement and a bullish push. especially now when Trump made a deal with the OPEC for a production cut, and China who is slowly getting the factories ready for production. we can expect a higher demand for usoil which can push the price to the 30-35 $ region.