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USO

USO ( Oil Futures ETF) Swing Trade Review LONGThe idea was that while US Oil is not directly affected by the tensions in the Middle East as most of it is domestic consumption, what portion of it that is exported does not go through the Suez Canal but rather across the Pacific to Asia mostly. The idea was expanded by no matter that, the Middle East quagmire affects global oil prices all intertwined. The China recession is a drag on oil prices as is Russian sales below market but no matter the shipping costs have gone up and so also the price of what is being shipped. The 30-minute chart shows the trades based on the premise of a volume profile with the evolving high volume area between the blue lines and price simply a black line. As the price is supported by the lower black line and resisted by the upper black line and the price is expected to rise, the trade plan was to "buy low" when the price dropped to the lower black line with two lots of shares. When the price rose to the upper black line sell one of those lots and run the other to gradually acquire more shares and average up. A high-volume area breakout 3 days ago was also used as a buy signal. As of the present, the trade is carrying five lots of 10 shares each. Profit has been pulled out in partials each time a lot has been sold at a red down arrow. The trade close signal will be from the RSI indicator when the fast RSI line in green goes under the slower red RSI line. Upon closure, the profits will be redeployed by shorting USO using a similar strategy: short selling at the top of the high volume area two lots of shares and buying to cover one lot at the bottom of the high-volume area. Although this trade is a slow-moving swing trade used for disciplined and deliberate trading, it is very low risk with moderate profit and for the most part is risk-free because the entry points are relatively precise especially if using a shorter time frame than the 30 minutes here.
AMEX:USOLong
by AwesomeAvani
1
Natural Gas DXY, Oil Gold Silver Price Forecast - Natural Gas Natgas Stock 4h uptrend confirmed #naturalgas #natgas #xagusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 05:05 AMEX:UNG Stock Forecast 05:58 USO Oil Stock Forecast 07:14 DXY US dollar Stock Forecast 09:09 Gold XAUUSD Stock Forecast 09:56 Silver XAGUSD
NYMEX:NG1!Long
by ArcadiaTrading
1
Natural Gas DXY Gold Silver OIL Price Forecast- Natural Gas Natgas Stock daily uptrend confirmed #naturalgas #natgas #xagusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 03:53 AMEX:UNG Stock Forecast 05:37 USO Oil Stock Forecast 07:10 DXY US dollar Stock Forecast 09:19 Gold XAUUSD Stock Forecast 10:55 Silver XAGUSD
NYMEX:NG1!Long
by ArcadiaTrading
1
$USO looks like a great shortJust like everyone think GOLD is going higher, people are overly bullish oil because of the war, blah blah, *insert your fundamental bias here.* The reality is, the chart looks like shit. Price just rallied directly into resistance and has now formed a lower high confirming resistance at $79. The price of oil is going much lower from here. I wouldn't touch this from the long side until we get into the green support levels. Good luck to all of the people bullish oil here because it won't turn out well for you.
AMEX:USOShort
by benjihyam
Natural Gas DXY Gold Silver OIL Price ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias - Natural Gas weekly bear flag #naturalgas #natgas #xagusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 04:55 AMEX:UNG Stock Forecast 06:22 USO Oil Stock Forecast 07:52 DXY US dollar Stock Forecast 10:52 Gold XAUUSD Stock Forecast 13:37 Silver XAGUSD
NYMEX:NG1!Long
by ArcadiaTrading
2
Natural Gas Price ForecastWelcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a bias - Natural Gas Natgas Stock daily uptrend confirmed #naturalgas #natgas #xagusd #dxy #xauusd #naturalgastechnicalanalysis #technicalanalysis #tradingstrategy #daytrading #naturalgasanalysis #naturalgastrading #natgasanalysis #uso #crudeoil 00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide 04:24 AMEX:UNG Stock Forecast 05:42 USO Oil Stock Forecast 07:38 DXY US dollar Stock Forecast 10:52 Gold XAUUSD Stock Forecast 12:46 Silver XAGUSD
NYMEX:NG1!Long
by ArcadiaTrading
OIH wave 4 of 5 of 5 wave structure The chart posted in the OIH tracking etf We should be seeing the last of the selloff today and see a rally back to 333 within 2 to 4.5 weeks and then see a drop and pullback from .786 to a minor new low from this point I would be looking for a 95 PLUs pt up move to above ALL the tops and then A panic of DEFLATION back to a .618 from the 2020 panic low I am now 100 % long uso amd oih and have orders just below today prints to margin 7 % and up to 15 % long I am also in options for the june and july calls as sometimes the futures see a print in pre market and options we have to wait for 9.30 am BEST OF trades Wavetimer the final peak should near march 20/april 2 2024
AMEX:OIH
by wavetimer
USO US Crude OIl ETF trending down SHORTUSO on the weekly chart over the past two and a half years makes a symmetrical triangle patter with the upper and lower trendlines drawn in. Price appears to be dropping out of the pattern in a breakdown and she now yet tested the prior support trendline as resistance. The Stochastic RSI and Zero Lag MACD are confirmatory. The Relative volatility indicator shows downward volatility exceeding upward for six weeks now. Putin just met with OPEC+ in Saudi Arabian. It is doubt that the OPEC+ has the fortitude to cut supply to force prices higher. Dropping the price of oil nicely supports global efforts to stymie inflation for the good of all except perhaps OPEC+ and Big Oil. I will take a short position in buying put options on USO. I will strike $ 60 because the puts will be cheaper and I expect the price to drop below that into a volume void on the profile and not be easily able to get above the volume shelf at $63 where I will set the stop. I am targeting $35.00 which is comfortably above the volume profile POC line. I will take an expiration next July during the presidential nominations. Politicians are also wanting oil prices to drop to keep voters happy. All goepolitical events will have a bid in the price action of the puts.
AMEX:USO
by AwesomeAvani