USOIL - Bullish WedgeWe are currently in a Bullish Wedge which means I expect a breakout to continue the Uptrend somewhere this week.
Usoiltrade
USOIL - Retest of the Uptrendline? USOIL made a good rally up after making a 1,5 year low of 42.35. How ever I expect a small drop to around the Uptrend line. If the Uptrend line won't be broken we could see another pump to the Resistance level of ~54,20.
To be updated
US oil has rejected its support many timesRepsected followers, as we can see that US oil is rejected it's support level many times because seller try to let it down but failed. Buyers are coming in the market, so be ready for big profit.
US/OIL - Trading plan next week (Long)At the end of the week we closed at a very good support level of 52.00-52.20, as you can see in the charts there are multiple touches with this support/resistance level.
I'm going to open a order for monday.
Entry (order): 52,05
TP1: 54,15
TP2: 55,30
SL: 51,70
USOIL possibility to bullishRespected followers, USOIL rejected its support level many times since last week. In this case we can assume that USOIL will go up from the current market price to defined price on chart. Reward ratio is too much big 1:10.
US/OIL - My idea on the 4H Chart!After this pullback we could see a nice bounce to around 55.00!
Entry: 52.30
First target: 55.20
USOIL - COMING BOUNCE UPUSOIL is now at another important juncture.
we are gearing for a reversal soon, so watch the
blue line fore a bounce up
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
US OIL LONG1. Confluence of inverse Fibb level of 1.786 and 0.618 from the longer time frame.
2. Entry signal from hourly timeframe. HIgher close above previous high.
3. Good RR. We can enter with a small position first and see how we can scale in.
4. Structure support has not been broken.
5. Stop loss can be below structure.
USOIL UPDATE - EXPECTED COMING MOVES - AS WE ALREADY FORECASTUSOIL HAS NOW BROKEN THE SUPPORT LINE
EXPECTING FURTHER DROP TO THE NEXT
SUPPORT LINE BEFORE WE SEE OUR NEXT
SERIOUS REVERSAL IT COULD EXTEND TO
NEXT SUPPORT LINE.
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
SEE PREVIOUS CHARTS
USOIL - ANOTHER DROP THIS WEEKi am expecting this final drop down
will it bounce or break?
I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
SEE PREVIOUS CHART BELOW ALSO
OIL is acummulating at the begining of the 5th bullish wave!!!Profit Target:
67.52
68.14
Stop Loss:
66.22
Have a nice day
US Oil possible counter tradeLooking at the Crude oil, though overall trend is bearish but i just see an intraday counter trade, risk is quite low at this point, i am looking to buy to see if it works out.
Trade Safe.
USOIL UPDATE - as previously analysedUSOIL should continue its bearish drop, but be aware of the possible wave structures that could develop
see previous analysis below
like comment and follow :)
USOIL near term downside target: $67.25Short Term running flat correction looks most likely. Downside target is $67.25 to $66.17.
If it starts to play out that way, it could turn around short of that target since it's running flat. But it looks pretty flat, and so I think the target makes sense.
Next move after that would probably be to the upside, but it could keep going down depending on momentum, fundamentals, etc. Have to wait and see what happens. Cheers -
USOIL Potential Right shoulderTVC:USOIL Potential Right shoulder
All information is given inside the chart and shared this for educational purpose only. Good luck...
USOIL - 350 Pips + OpportunityUSOil has broken it's 200 ema on the 4 hour chart and prices jumped up.
If it does find support at current levels, we can expect USOil to rise even further anywhere till 73-74.
(20180717) Be careful of inflection points!Hi ~ Traders!
It is wemoa of allaboutforex.net. Let me tell you about the market conditions of the July 17th Crude Oil.
Crude oil is currently in a trend of upward trend. But the price has been falling since the double-top pattern. Maybe it seems to have fallen due to oversupply concerns.
The oil is now standing on a big crossroads.
Will the trend be reversed at all or will the upward trend continue?
If the price rises again from the upward trend line, it will continue to rise again, but if the price breaks down the trend line, the market price may fall sharply. If you currently trade, it would be wise to enter the sell position
Whether you want to switch positions from the trend line or the inflection point of the trend should be watched a little.
To find out more information and market conditions
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USOIL TVC Crude Oil - Short Opportunity 6%+ Drop Potential!USOIL just impulsed from a large bear flag and appears to be forming a smaller bear flag continuation for a re-entry short position to go lower. Potential bounce areas are shown in ray lines. Position is confirmed with impulsive break from flag, set your order and tight stop loss right above the flag pattern. Position is invalided if pattern forms a downward moving correction. As much as 6% or more drop potential is here.
Crude Oil-Possible reversalIn my previous call for shorting the crude for a target to 61.94, I was short at 66.94, banked half position at 63.89 today, but I am wary of the momentum to be turning around-which i quite likely signalling a reversal to be setting up. So I am looking to buy setups here but i need to wait for the correction before I put any order in. Keep an eye on this market. Good Luck trading.
Watch my previous ideas on Crude below this idea.
Crude Oil Medium TermMy previous analysis for long crude at 65.74 for a target to 72.95, just hit 72.25, but still my stance is the same, price action remains bullish with succession of highs and lows and still within multi-months bullish channel, so far it is testing the top of the monthly channel, but still longer term momentum indicators suggesting scope for crude to visit higher levels. I have close eyes on this market, personally will try to build medium term positions on pullbacks. Anyway lets see how market moves on...
