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Usoiltrade

USOIL EIA Crude Oil Stocks Change is included in the weekly report issued by the Energy Information Administration of the US Department of Energy. It presents the number of barrels of commercial crude oil held by US companies. EIA includes this report into Weekly Petroleum Status Report (WPSR) along with other information on supplies, stocks and prices for crude oil and principal petroleum products. It is a reliable source of current information on the energy industry used by manufacturers, press, policy makers, consumers and analysts, as well as state and local authorities. The report data describe supply and disposition of crude oil and petroleum products in the United States and large US regions. The report is compiled based on data submitted by all companies, which can store at least 1000 barrels of crude oil. They include: All pipeline companies (local and state), including interstate, domestic and local pipelines Crude oil producers (oil companies) Terminal operators Crude oil storers (except refineries) Companies transporting Alaskan crude oil by water in other states and the District of Columbia Increase of US crude oil stocks can indicate a decrease in demand for crude oil or increase in production. Such an increase negatively affects global oils prices, though it is a short-term effect. A downward trend is only formed in the market if crude oil stocks increase steadily for several weeks in a row.
TVC:USOILLong
by q12398
1
Simple Technical Buy Set-up in USOILAfter a decent correction, USOIL is now showing signs of consolidation at the 100D EMA. Besides, it has also bounced off the ascending Trend Line. In addition, we have a nice Doji candle after the recent drop. All these technical factors point to a rise in USOIL in the coming days. So, if price manages to stay above 58, I would be looking to buy with 63 as my initial target. If price breaks the area that I have highlighted in my chart, then long entries will not be safe anymore.
FX:USOILLong
by YourLazyTrader
1
USOIL POSSIBILITY OF NEXT MOVE.In the name of Allah, the Most Gracious, the Most Merciful. we are doing Analysis of USOIL in 4 hrs time frame as you can see on the chart market is following Ascending channel pattern market has tested the Resistance line more chances is to market will follow our structure which I have drawn on the chart. IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY. HOW TO TRADE ON OUR SIGNALS. We Explain above you use that lot size whatever Capital you have. Let say, for example, you have 4000 Dollars Capital. We Posted Trade which has 4 Take Profit. We will use 0.20 Total lot size We will divide it in 4 Orders. 0.20 lot Divided by 4 Take profit = 0.05 Lot size. So we will open 4 Trade with 0.05 Lot size for each trade. Let See How We will do. 1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target. 2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target. 3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target. 4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target. Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry. If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target. If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
TVC:USOILShort
by Make_Money_Guru_Bitcoin
3
USOIL - Potential Upside? Looking for price to print a new higher high and close above 57.00 to confirm upside. We are currently above the Daily 50ema and descending trend line and failed to make a lower low having rejected 53.75. If we have a full body closure above 56.70 - 57.00 then we can look to go long on any form of a retrace. If we fail to break above this structure then we can look to go short with our stops nicely protected above 57.00. My overall bias is that this commodity has more potential to break to the upside. If we do push higher from here then this will aid further downside for pairs like USDCAD. Instagram: @TheTravelTrader (www.instagram.com) Twitter: @fx_ollie (twitter.com)
TVC:USOILLong
by thetraveltrader
3