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Brentoil

USOIL Approaching $20 Support after OPEC's Historical Fake DealWelcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. Yes I call it fake deal. Price didn't held its gains now its approaching the $20 support. Deal to cut the production isn't enough and OPEC requests US to cut their output by 3 million barrels. From that $20 support I am willing to step in with my orders to long USOIL . Sketch up your own trading plan and see how it works. Good Luck! Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
TVC:USOILLong
by Profitlio_Trading
USOIL Approaching $20 Support after OPEC's Historical Fake DealWelcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. Yes I call it fake deal. Price didn't held its gains now its approaching the $20 support. Deal to cut the production isn't enough and OPEC requests US to cut their output by 3 million barrels. From that $20 support I am willing to step in with my orders to long USOIL. Sketch up your own trading plan and see how it works. Good Luck! Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
TVC:USOILLong
by Profitlio_Trading
1
USOIL Heading $30 and Don't miss out these two TargetsWelcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. USOIL has broken its second bull leg and which so promising for more bulls involvement. We had a chance to gain 800+ Pips on last call, I have tagged the analysis right down below. Now again after seeing this perfect structure its so mad to miss this out. I have set two targets as highlighted on chart and willing to bank my sets of long positions in there. Fundamentally we got a support with the Closed deal in between Russia and Saudis. This should work well and Good Luck! Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
TVC:USOILLong
by Profitlio_Trading
USOIL Short Trade SetupWelcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. USOIL has printed a structure very similar to a Rising wedge is promising for a target level of $25.15. All I look for a possible Breakout to enter short positions Good Luck! Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
TVC:USOILShort
by Profitlio_Trading
USOIL Long Trade Setup Update ( Banked TP3 with 710+ Pips )Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Congratulations to my followers banked 710+ Pips with the OIL Pump. In here we can see a perfect trend breakout happened with a retest! This is the second confirmation we were waiting for, Previous Analysis: I have witnessed a "W" formation on 4h time frame on the major support price has formed. Price failed few time to break the $20 level and its very promising for a trend reversal which can support for bulls to make price in an average range of $25 or above. Good Luck in your trading. Profitlio Trading ( Since 2014 in Financial Markets )
TVC:USOILLong
by Profitlio_Trading
2
USOIL Long Trade Setup Update ( Confirmation )Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, In here we can see a perfect trend breakout happened with a retest! This is the second confirmation we were waiting for, Previous Analysis: I have witnessed a "W" formation on 4h time frame on the major support price has formed. Price failed few time to break the $20 level and its very promising for a trend reversal which can support for bulls to make price in an average range of $25 or above. Good Luck in your trading. Also follow my Gold trade setup we have caught up 480+ Pips already on the Short Run Profitlio Trading ( Since 2014 in Financial Markets )
TVC:USOILLong
by Profitlio_Trading
USOIL Long Trade SetupThanks for Jumping back on my Analysis, Traderchamp is here on your Service, I have witnessed a "W" formation on 4h timeframe on the major support price has formed. Price failed few time to break the $20 level and its very promising for a trend reversal which can support for bulls to make price in an average range of $25 or above. Good Luck in your trading. Also follow my Gold trade setup we have caught up 480+ Pips already on the Short Run Profitlio Trading ( Since 2014 in Financial Markets )
TVC:USOILLong
by Profitlio_Trading
4
OIL About To Make a Decision. Will it be $13 Or $30?Oil is riding down the descending channel quite well. I feel like $13.50 could happen but maybe its time for a bounce based on everyone going short at this point. Maybe a short squeeze? I haven't really looked into short positions but I know they have been gaining for months. Assuming that we are to break up, we wouldn't see a ton of resistance until $30. I think a bounce to $25 would be the minimum. However, until we break up, the most likely scenario is down. Personally I would wait for sub $20 to go short or above $22 to go long. On one last note on oil production is that the Russians are rumored to be able to drill oil down to $14 a barrel before loosing money. And the theory is that they would do this to gain market share. That last bit is highly speculative information but I am throwing it out there. This is not financial advice. Please do your own research and analyze your own trades.
TVC:USOIL
by ChartProphet
1