Get started

Usousdlong

USOUSD Oil Long bets. Moving up slowly but surely. Daily TF. The intraday chart around the 1hr and 2hr is a tad hectic with double / triple top, so the daily chart here has a triple bottom for structure support and a head'n' shoulders pattern which I dont think has triggered quite yet. This trade I recommended on Monday for a long position and these price levels are a bit of a bargain. If you wanted to buy in I would be buying the closing candle at 69.20 1 HR chart below. Price is just a nudge under 69 now
EIGHTCAP:USOUSDLong
by Easy_Explosive_Trading
Potential bullish rise?USO/USD has reacted off the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could rise from this level to our take profit. Entry: 69.13 Why we like it: There is a pullback support level that line sup with the 50% Fibonacci retracement. Stop loss: 67.923 Why we like it: There is a pullback support level that lines up with they78.6% Fibonacci retracement,. Take profit: 71.51 Why we like it: There is a pullback resistance level that lines up with the 127.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
A case for oil to rise/rally. Xmas period + world turmoil I took a position in USOUSD a couple of days ago on Friday, I felt it reasonable that oil was undervalued & with more money starting to flow back to households with reduced interest rates worldwide, albeit Australia and soon to become a 'banana republic' as it was supposed to become a a couple of decades ago. So, oil I tip may be breaking out and if you take a position in USOUSD as I have, well you might be keen to know that if price plays out for USOUSD as I think it will because of the bullish head n shoulders on the daily chart, forget the 15m chart HnS's pattern because this is on the Daily and its a mammoth pattern that if triggered very soon as I think it will later in the week, take price up to 90+ in a heartbeat. Take a look at the chart Daily. The bullish story is there including a strong Bottom 3 pattern which price is launching from currently. Below, 15 minute chart USOUSD showing price-action bouncing off the triple bottom acting as strong support, price is keen to move upwards in the next pattern. H&S's pattern will nudge price to 90+ possibly by end of next week.
EIGHTCAP:USOUSD
by Easy_Explosive_Trading
Bullish case for WTI crude (USOUSD) Price above the cloud? Yes Tenkan-sen crossed above the Kijun-sen? Yes Chikou span above the cloud? Almost there Chikou span above price? Yes Future cloud bias? Bullish This is not a trade recommendation, it is just my analysis. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
VANTAGE:USOUSDLong
by Trading_Vista
USDUSD Oil Prices react to Middle EastOn Thursday January 11th ( earlier today) WTI Crude prices gyrated widely likely in reaction to US /UK intervention on the terrorists who seized a tanker on the behalf of Iraq in the Red Sea / Suez Canal area putting shipping and supply concerns into the oil industry to offset any weak demand. The 15 minute chart shows a megaphone pattern as a demonstration of waves of relative volatility in price action. I have a position shorting oil and will now close that position as I see a long entry developing here. US companies that use rail and pipeline matching domestic production to consumption are less impacted by this oceanic shipping issue. I will focus on them especially. OXY is at the top of the list and then MRO.
EIGHTCAP:USOUSDLong
by AwesomeAvani
6