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USOIL 128.00 6.36 % LONG IDEA * CONT. PTTNS & PRICE ACTIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. LOOKING AT THE USOIL * The ENERGY is currently trading in an uptrend , just consolidated and rejecting at the base of this structure, fundametals went in and saw the ENERGY sour to $132 highs. - Short term the pair is currently at the supply zone could go lower but looking for possible continuation with the bulls with evrything happening fundametally wouldnt be surprised to see a challenge of the 2008 high of $ 145.85 in the near future but well we are not there yet. - The energy saw a break and close above a structure possibly signaling that we could see some continuation with the bulls. - Looking for LONG entries on the THE CRUDE swing should all the rules of the formation be met but we might see some correction before this comes to play. ******* CRUDE OIL INVENTORIES TOMMORROW will definitely be interesting, the increase in the oil is actually MORE than expected @ -2.597 M which implies weaker demand and the energy could react BEARISH which support the idea of a correction and delay before continuation. So lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:USOILLong
by PULEMokhothu
1
CRUDE OIL, Paramount Breakouts + Growing Demand Means Bullish!Hello, Welcome to this analysis about WTI CRUDE OIL and the monthly timeframe perspectives. Since the Russia-Ukraine-Conflict began we can see many countries upfront with the E.U. sanctioning Russia and preventing Oil exports out of Russia, cutting off all supply chains including oil. These developments mean there is a growing demand for oil and gas on the world market because Russia normally holds 12% of the whole world's oil and gas exports and therefore countries need to move to other sources of oil and gas and as countries, especially in the E.U. have normally almost 40% of their oil and gas imported from Russia there is also a falling supply combined with growing demand on the world market showing the fuel for the steep rising in prices we have seen so far in the recent times. In my chart, you can watch how WTI CRUDE OIL already completed this massive descending-triangle-formation, and now recently with these developments also moved with heavy volatility above the major 10-Year-Resistance marking in my chart. All these developments point to a continuation of the bullish volatility that was established over the recent days, also the main descending-triangle-target-zone marked in my chart has an increased likelihood to be reached with the current dynamics. In this manner, thank you for watching the analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
TVC:USOIL
by VincePrince
10
Short $USO?I know no one thinks oil is going to go lower after the run we've been having and the fact that there's a shortage of oil supply due to the conflict with Russia/Ukraine, but the chart is telling me a different story. I don't know what could cause a pullback, but I could see $USO falling back the $56-62 support levels sometime over the next few weeks before continuing higher. Definitely a high-risk trade and I'm playing it through options... let's see how it plays out.
AMEX:USOShort
by benjihyam
4
🛢️ CRUDE OIL - Time for a Correction 🍂Crude Oil, War, Inflation, Pump.... not the asset we like to see at high prices, unless off course you are Saudi, Russian or own it. Earlier this year we had calculated the last correction and then the perfect time to buy: At this stage we see a correction inbound. Hopefully this chart could mean that Russia and Ukraine work something out.. we doubt it but you never know. In any case: Oil probably ready to go back down a few dollars for now. One Love, the FXPROFESSOR
TVC:USOILShort
by FX_Professor
3
Oil - Approaching potential resistance. How deep the reversal ?Oil seems to be finishing a 5 waves move and approaching potential resistance zones which are the Fibonacci clusters in green at 113, 115 and 118. I do not know which one of those will act as resistance but one thing is sure, it's time to take profits off the table, not add new positions for the short term at least. On the hourly time frame, we can see that we're potentially finishing a 5 waves move. Notice that the Fib projections also come around the same levels as the 15min chart.
TVC:USOIL
by ElliottWaveBelgium
Oil is near its selling zone. Oil is on fire because of sanctions against Russia. Russia is one of the largest oil-producing countries globally, and the European countries mainly depend on Russian oil and gas. The sanction against Russia put the fire on the oil sector. So, it is tough to say where the oil price will stop. But there is something about to say technical analysis and profit-taking factors. As long as the European don't find alternatives, the oil price will rise. But profit-taking is a must for every trade. The present rates are $110/115/Barrels seem a profit-taking zone. That means oil may go in deep correction nearly from the present rate. So, I expect oil to drop from $110/115 to $90/92 for profit-taking purposes. But remember, profit-taking doesn't mean the trend is changing. The oil trend still is in an uptrend as long the European countries don't find the alternatives of Russian oil or the OPEC agreed to produce more oil. So, we can sell in the short term from the present rates to the $90/92 price zone after deep correction, and we will go for buy again from the $90/92 price zone. On the other hand, if oil breaks above the $115.00, we will continue our trade till the 2008'sswing high price zone of $145/150 price zone. However, I am not expecting it yet. I expect a correction first in deep, and then we will buy again. But I am still bullish on oil. If you like my chart and analysis, please like, comment, share, and follow me.
TVC:USOILShort
by Gold_Trading_Expert
Energy growth this coming yearThe WTI also known as the USOIL made a massive recovery after dropping to $-19 a barrel and looks to return to its glory days. All my USOIL analysis have been accurate to date as this is what made me my 1st million. Understanding how the oil prices come about and what influences the price for oil on the markets. The price for oil looks to become even more expensive considering the increase in demand. Should there be an over supply of the USOIL, we will see it plummet. For now I'm bullish bias but I will amend my analysis should we successfully break our of our rising wedge pattern. Because there's a chance that it could break out, I will place a buy stop above 70.30 and take my profits at 106.00 You have to be prepared to hold positions to trade this signal. All the best. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
TVC:USOIL
by Mezzoforte_Privilege
USOIL Swing updateThe reward is near, you've held for months, we're now about to approach a significant price in the USOIL were most oil traders will feel that the market will change direction at the resistance level $91.50. In the next two weeks we will have a retracement where we will see oil sell from $91 a barrel to $84 a barrel. Most scalpers take such opportunities to capitalize on profits. I recommend that you take some profits at the resistance of the rising wedge and open a buy limit at support ($72-$74). Once we can confirm a clear bullish movement at $85 (strong resistant cluster on the daily and weekly time frames), we will take the opportunity and take profit from $100 - $115 a barrel. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
TVC:USOILLong
by Mezzoforte_Privilege
Oil making it's way back to $100?oil drove to $100 due to fear of supply with Russia invading Ukraine. This is the first time oil has hit $00 since 2014, so of course it will not just bust through like we all wish it would. The market needed to correct itself first, pulling back to $90.50.on the 4hr time frame you see a fakeout of the trendline, indicating oil is going to push up some more. it is respecting the current uptrend as of right now. I see oil atleast going to $94 as of right now. I will watch the market and the news before making further decision. on smaller timeframe there is a small bullish divergence indicating a buy is coming as well.
TVC:USOILLong
by UnknownUnicorn11654040
Oil at 7 year highCurrently WTI Crude Oil is trading at almost $81 a barrel, which hasn't been seen since Oct 2014. With oil shortage rising in Europe, mainly in the UK we can see oil prices to continue to rise. With the next targets being $88, after which we should see a minor pullback, before it goes to $98 a barrel (as this is a major key level since 2008 - 2014). I've marked them in red circles. We might even see it go as far as $106 a barrel by the end of this year. As we are approaching the end of the year with major holiday seasons coming up and covid slowing down, we should see an increase in travel by road and flights. This should be a main driving factor for oil to continue rising.
TVC:USOILLong
by DeepHaldar
2