USOIL seems BullishThe market of USOIL seems bullish as Russia and Ukrain war still going on. Every support is an opportunity to long it.
Usoilbuy
USOIL-NEUTRAL to UPSIDEThe pattern suggest further upside short-term. The GANN fan for medium-term and short-term attracts likely $ 128-135 per barrel. However, be careful for the run up, as the steepness will provide the clue when a return will take place.
For now, short-term BUY strategy is more likely beneficial in view of the GANN studies. The stochastic RSI also is positive and crossed 50. For now BUY $ 119-121 with tight stop-loss 116.50 and take profit $ 129.00 for now.
We start being SELL mode only once we are near the top of short-term GANN resistance.
USOIL seems BullishThe market of USOIL is standing on it's resistance zone. If breakout occurred then we will see more bullish momentum on USOIL. SO better to watch the resistance zone for better earning.
USOIL seems BullishAs per the MACD indicator, it is showing bullish momentum to me. D1 candle is also in Bullish. So I believe it may give us handsome profit. Follow the trend line of your stop loss and take profit.
USOIL - LONGUSOIL is looking like it may move higher.
We have found a bottom (point 5 green) and a nice reversal higher.
We have made it above point 4 - creating new high and we should take nice profits now.
Now we expect a reversal to the breakout - blue line.
If it gets there we'll examine the price action to see if we can go long again and continue the swing higher.
If Demand Holds..USOIL - Price rejecting from previous weekly low which is also a strong resistance level, had a few minor breaks of structure but nothing major, waiting for price to capture this liquidity and show us direction.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
USOIL seems BullishUSOIL is increased last week as US increased it's interest rate. I believe that USOIL will continue grow to 116.20. Furthermore USOIL is obeying it's trend line and taking support on it.
0705 USOIL wkly plan to buy to 112-116 zone Hello traders,
Being such a long time. Hope you guys all good with novel coronavirus in the last 3 years.
I am back now!
Check with USOIL first since war between Ukraine and Russia has push all prices up, exp OIL.
This chart on 4H CHART for USOIL is telling a story that 112-116 will be the next target zone for buyers. USOIL has been running sideways since last Wed. This is a 2th ABC or Z correction. And all running above the support EMAS. It is very possible for usoil make a breakout up to test 112-113 zone first, then 116.
Plans for next week on USOIL is to find out entry confirming signal on 30m/1H chart.
Good luck to this plan to buy.
Less is more!
USOIL-NEUTRAL - BUYIt is fun looking at different ways of analyzing market. Using Kagi is a good way to see what the moves has been and where it likely can go. The pattern still within a triangle, and combining the state of market, BUYING pressure still exists on OIL.
For now I am neutral with but inclining to go LONG current levels. The move higher is possible with positive aroon, but flattening, indicating we are For now I think.in BUY mode, but not a quick one.
Strategy BUY current 103.00-104.00 and place stop-loss below 95.00. Profit order likely around $ 115-120.
USOIL-BUY strategyIt tries to push people out of their longs, but as long we remain above $ 88 I feel we should revisit $ 120-125 again.
Buy @ 95.00-96.50 and keep stop loss @ 87.50 for now.
USOIL-BUY strategyThe market tries to create the feel that we are moving lower. the cloud support at 94.70 is nearing and then next we have Fib. support somewhere below $ 88.00.
It will be difficult for me to go short purely because fundamentals have not changed. The only thing is, US interest rates developments causing a slowing down of US economy, but on other hand still energy crisis, right?
For now, with low stochastic, I think we should be in buying mode between $ 95-100, a wide range to select from, and take profit above $ 120 for now. Stop-loss I prefer below $ 85. The risk is only between $ 10-15 and a pickup of $ 20-30.
In this market it is wise to place stop, because if further unwinding of contracts take place, bot because of fundamentals, but due to forcing longs out, then yes, be safe on that side keeping a stop-loss in place.
USOIL-BUY strategyNo change in view.
I prefer to be long rather than sell side. I feel fundamentally nothing has changed and still an ongoing crisis.
Further, we are support Fib. $ 88 area and trend line below $ 94.70.
The strategy is then to BUY $ 97.50-99.50 and take profit $ 120-125. Stop-loss for short-term @ 94.00 and for more patience below $ 87 for now.
The stochastic is on low side but negative. The RSI is neutral.
USOIL-BUY strategyI feel we may see a large spike upwards.
the pattern has two legs and we are moving higher currently The strategy to BUY @ $ 98-101 seems workable and stop-loss I prefer below $ 78. The profit objective (if patience enough) will be above $ 130 for now.
USOIL-BUY strategyNo change in view.
We should be buying at current or lower levels. Likely $ 97-100 for now for a move back towards $ 115-118.
The main stop-loss below $ 78 for now.
Liquidity Grab Then Imbalance Fill? USOIL - Looking for price to take out the liquidity its currently building by wicking into the low before rising to fill imbalances and the gap above.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
USOIL-BUY strategy STWe are approach cloud support $ 93 area and further lower level support $ 80s.
The move lower is not supported by changed market conditions, rather than offloading of LONGs.
For now, I suggest BUY $ 93-95 for a move back to $ 110-120. Stop-loss below $ 75.
USOIL WTIoil might move lower to the 83 dollar level than it will resume the upwards move to 115, 130 and as high as 150 dollars
USOIL-BUY strategyNo change in view.
We are long @ 94.00 with the idea we will see $ 105-110 again short-term, and perhaps we manage to revisit $ 120s.
The bottoming candle, and looking at the sharp decline, it feels we may see higher levels as suggested.
The strategy is still BUY $ 93-96 for a move to $ 105 profit order for now. I would add BUY lower $ 87-89 for now. The overall base is likely around $ 75 and for those wishing to place stop should place it below that for comfort.
USOIL-BUY strategyWe have been able to enter @ $ 94.00 small leverage for now.
The chart looks like bottoming and it is likely we will see higher price levels again back towards $ 105-110 initially.
The strategy is therefore, buying into weakness, or if new position BUY $ 94-96, or if more adventures current $ 97 handle.
we will add further @ 88-90 when seen, as I feel we may not see very low levels due to the ongoing situation. Market needs oil and there is a shortage. the only reason we went lower was due to OVERBOUGHT conditions and not a change of the situation.
Even when the war will stop, still has shortage of oil supply, is my personal view. Over all I cannot see oil below $ 75 for now.
Profit order for now $ 104.75 but we may adjust this later again. If we buy in weakness more, then we change the profit order slightly.
USOIL-BUY strategyInitial entry level $ 105.50-106.00 with stop-loss executed @ 102.00. No major harm done.
The downward move is only due to unwinding of longs, and as always this can always go deeper.
Strategy is BUY $ 93-96 level when seen. We should see recovery back towards $ 110-120 window in the short-term.I feel no stop-loss required, but if you want too.. I suggest below $ 75.
Overall, market should settle above $ 80-85 as fundamentally nothing has changed. The only reason we moved lower was the market condition, and this had worked out well.
USOIL-BUY strategyFor now I feel we have reached the first move lower, but am noting that a clear break of $ 104.50 area will invite $ 90-95 short-term.
The topping formation is well define, and we have corrected nicely from $ 128 highs.
Strategy is BUY $ current $ 105.50-106.00 and place stop-loss $ 102 and buy again $ 95-97 when seen. Profit order $ 120-125 for now.
USOIL-BUY strategyFor now took back at $ 106 the balance of my position with average $ 128( rounded).
The shape of the daily chart suggest we may see upside potential. The strategy is likely a buy but am not 100% convinced as yet.
However, in terms of analysis I see BUY current $ 105-106.50 as the thing to do right now. I am not committing as yet personally. The stop-loss should be around $ 98 and profit order $ 117 for now.
USOIL-Buy strategyOil is moving higher, and the pattern shows we may see $ 78.00/barrel coming weeks.
We have good support $68 handle. The stochastic is not confirmed yet, but MACD shows we are on the up move now.
Strategy is BUY current level $ 73-74 fr a break of $ 78 resistance. I think we may see $85-88 range. Stop-loss below $68.
