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Usoilview

Crude oil: test the 80 level again It seems that the given 79 first-line long order has successfully reached the target position. Although the price fell back after a short-term surge, it does not mean that this wave of bulls is over. The U.S. economy performed strongly in the second quarter, and the economic growth outlook is bullish again. Coupled with optimistic demand expectations, crude oil prices may continue to maintain a strong trend in the short term. However, it should be noted that the recent extreme weather in the U.S. will limit the increase . From a morphological point of view, the short-term price will form a oscillating trend around 80. In the short-term, we need to pay attention to the first-line support of 78.8-79 below. The callback stabilizes, and more orders can enter the market. Share this point of view with my friends, I hope you can make more money and realize your dreams. Friends in need can keep up
FX:USOILLong
by Dylan-Jones
How is oil trading amid expectations of an economic downturn? The panic brought about by successive bank bankruptcy, the market expects that the European economy will enter a recession, and the demand will drop sharply, leading to a general decline in commodities. Crude oil has fallen below $70 yesterday. If it falls below $60, it is expected to continue to fall to around $43 , which is very large space. If the bankruptcy incident can be stopped, the panic will no longer spread, the market will restore confidence in the European economy, and once again raise expectations for demand, oil prices will return to above $80 again. From the perspective of technical form, it is still in a downward channel. If it does not fall below 65, we do not rule out the probability of a short-term double bottom. If we do not retest around 65 again, for the rebound market, we only see the 69-71 range. , there is a very strong resistance around 71-72. If it can break through, the technical form can go up further. At the same time, it needs the cooperation of the news. If the panic cannot be controlled, we may have to short first and wait for 60 Look at the support situation nearby. If the decline stops, then there will be a greater opportunity to go long. Traders, if you like my sharing, please follow and support me. I will post more interesting trading information involving gold , crude oil , forex, cryptocurrency, and stocks. If you have any questions, please leave a message in the comment section, and I will answer them for you.
TVC:USOIL
by EagleEyeStrategy
1
views in dcb for USOILTVC:USOIL broke down a major support zone and now that support zone acting as a major resistance zone. upcoming strong support zone 62.45-60-65. upcoming trend will be sideways to downtrend. Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment advice/recommendation. SEBI unregistered independent trader/analyst.
TVC:USOILShort
by biniyoger_swaralipi
Bullish on crude oil, target 72 OIL broke through the resistance around 69.8-70 yesterday, and the resistance has now turned into support. The new resistance is around 70.8. If the support does not break, you can go long USOIL. The first TP will continue to be placed at 70.7 yesterday's TP. If Break through 70.8, the next TP target is 71.2-72.4. SL temporarily set to 69.47 I have published opinions on gold, crude oil, foreign exchange, BTC, etc. If you are trading them, you can follow me, and my strategy will provide you with great help
TVC:USOILLong
by EagleEyeStrategy
USOIL Potential Head and Shoulders FormationUSOIL made a massive move after the pandemic and it's now moving in a range. It's currently trading in the resistance zone. Based on previous price action, it seems like it will complete this Head and Shoulders pattern over the next few weeks. But it's quite possible that it will continue its move upward after completing this pattern because there are fewer chances of a breakdown. This analysis will be considered wrong if it touched 78.30 level before completing the pattern. Thanks! Best Regards, Trade Like Pros.
TVC:USOIL
by TradeLikePros
8
LONG On USOIL? what the point?As seen on Latest Trend of Bearish on USOIL, it show a Bearish continuation pattern, but in my opinion, this trend will sure hit the bottom deck of it. soon... In my "Prediction" the price action will push to resistance point on 47.00 , if break is seen here, it show the possibility of bullish, on 45.75-46.00 if its break below, then the bullish is false. but if it's bouncing, its sure bullish. i only take on technical analysis here, so without fundamental and sentiment, its just pure price action SnD. so if there are any false "prediction", please put comment so i can correct my method of analysis. FYI i only just put one analysis today in tradingview, and this is the first education type of idea. again, this is just "prediction", it could be wrong, but who know if it's right?
TVC:USOIL
by VanSage
CL Monthly Technical Outlook - 9th July 2016From a technical perspective, the oil price has turned quite interesting since the start of a new trading month. The chart below shows the monthly rolling oil contract chart where June’s price action closed in a doji. It gains significance following three straight months of gains. The monthly Stochastics also shows the hidden bearish divergence currently playing out, as prices form a lower (June) high at $51.66 and the higher Stochastics while, the higher (May 2015) high at $62.51 and the subsequent lower high in the Stochs. In the near term, oil prices could remain range bound within 48/49 and 44/45 levels. www.tradingsignalreviews.com
FX:USOIL
by TheBanker
5
USOIL CRUDE LONG, LONG TERMIn this chart I feel oil is bearish until 37.95, we have here on the daily what seems to be an inverse Head and Shoulders Pattern. if prices do reach 37.95 and stay above 37.95, we can see a rally towards 50-51$ and possibly even beyond that. thus possibly breaking past the downward channel. keep your eyes peeled for this one. This does not represent a trade signal, or constitute any form of Investment advice. but rather my ideas on how i view the markets, I am not responsible for any losses or gains made from this. Please use your own discretion
FX:USOILLong
by thecrackking
/CL - Comex Market Analysis and Trading Tips - 28th June 2016Overview: The Crude oil market had a fairly negative day on Monday, as market continue to worry about all things European Union and United Kingdom related. The primary trend of Crude oil is bearish on charts. On its 4 hourly chart, market is trading below 100 days moving average. It is having important resistance at the level of $48.12 and support level at the level of $46.50. On its 4 hourly charts, MACD is sustaining in its negative territory and RSI is sustaining in its selling zone indicating the upcoming bearish trend in the oil prices. On an intraday basis one can go for sell on higher level strategy. www.tradingsignalreviews.com
FX:USOILShort
by TheBanker