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Oilfutures

USOIL at MULTIYEAR S/R zone!Oil is currently in a base consolidation at a multi-year support & resistance zone. There’s some RSI divergence in this choppiness. Not interested until price action has built support over level 70 for a long or a defined resistance below level 60 for a short. Will be updating as we go. Sharing humbling my POV and will gladly discuss with anyone if we agree or disagree, I'm a Full-time Life & Market student, always learning! Best regards and Happy Trading! Keep it simple 😉
FX:USOIL
by UnknownUnicorn21414332
OILUSD On A Short Term ConsolidationHello everyone, if you like the idea, do not forget to support with a like and follow. Oil is consolidating on 57$ to 61$ region for the last days, not much is happening but opportunity's are everywhere. First of all what is consolidation ? Consolidation is generally market indecisiveness, which ends when the asset's price moves above or below the trading pattern. A consolidation pattern could be broken for several reasons, such as the release of materially important news or the triggering of a succession of limit orders. We can trade this region with a pretty simple plan. A break and a candle close of the resistance will lead us to the upside target. A break and a candle close of the support will lead us to the downside target. Also trading within the range is possible by just longing the support and shorting the resistance. Be on alert for important news about oil with the current world situation that can change the whole analysis with a sudden move. Thank you for reading my post, have a great day, wish you all the best ! Information provided is only educational and should not be used to take action in the market. Feel free to ask anything in the comments :)
O
by AM.98
10
GBP/AUD : BULLISH BAT+ CYPHER PATTERN IN DAILY TIMEFRAME 🔔Welcome back Traders, Investors and Community! Analysis of #GBPAUD If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: BAT+CYPHER Bullish Harmonic Pattern. We will be waiting for all the confirmations to enter this trade. A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
Long
by FOREXN1
6
OIL - Our strategy of mixing BUY and SELL positionsOur technical analysis on Oil with the major key price levels. Fundamentally and technically we see a drop, sooner or later, below 30 usd At this stage there is a 60% drop, or a 40% rise to 42.50 resistance and a possible drop from there at 90% (10% only to break that level) HOW WE TRADE THIS: We have SELL and BUY positions at a rate of 7 (buy) to 3 (sell) (70%-30%) If the price drops then we have a profit from 40% of the positions If the price rises we will close all BUY positions at the major resistance of 42.5usd and hold our SELL positions for a drop back to where the price is now and the key take profit levels of 36.60, 34.60 , 31.70 and even the all time support of 30$ and 28.50$. If all goes well we will consider Buying again at that level. Take a look at how we perfectly sold in September s idea predicitng perfectly the beginning of the drop, our tutorial on Oil analysis
FX:USOIL
by FX_Professor
1