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Usoilforecast

Perspective on UsoilHello everyone A warm welcome to this channel which is called Stoic Markets, Stoic markets provides technical perspective on numerous trading pairs whilst adopting the stoic philosophy. We adopt the stoic philosophy and in-cooperate it into the financial markets for two reasons. The first reason is that the markets are beyond our control so we must refrain from for any attachments to the outcomes which can happen. We refer to outcomes as indifference's, for example we can lose or win, we don't chose which outcome we can obtain but leave it to the fate beyond our control. Obviously we prefer to win rather than lose such as we prefer health to illness, we call this preferred indifferences. Story; The archer can do everything within his control to hit the target, from strenuous training to the selection of adequate weaponry but despite this, there are still variables once the arrow leaves the bow. The shooting of the bow is in the archer’s control but the arrow colliding with the intended target is never guaranteed. This is analogy is perfect for trading, you can learn every pattern, every formation, technical outlook, trick and tip but regardless of this, the moment you fill that order you have to accept that you can miss the target. We hope that gives you a good insight into how we operate, with that being said let us focus on usoil. Firstly the USA, announced not long ago that they would begin stock pilling oil at $70, we can see that oil recently dipped to that level and bounced back up. this is dangerous for high oil prices as the USA has set a floor for the price of oil. It's possible we will come and touch this support level again but it should hold if that's where the USA are buying (Of course they can afford drawdown) but with China's demand increasing and UAE cutting output, it suggest that our only direction is up. Let's gaze up on this chart, the foot (support) and the peak (resistance) have been placed, these are historical points of price action from the monthly timeframe throughout oil's existence on trading view and they are very relevant to the price action we see now, the lines are daily supply/demand zones and the shaded area is an area where liquidation can be found. Usoil is in a ranging market and currently falling from an immature trendline, depending on social economics it looks possible that Usoil could fall. Seen as the USA are buying at a support region of $70, I would not disregard this from happening but it's more plausible to consider a new higher lower could be created in the shaded area as it's in-keeping with an uptrend and the trendline. We are new here but we know we will not disappoint so immerse yourself within the world of STOIC MARKETS.
TVC:USOIL
by STOIC_MARKETS
1
USOil | New perspective for the week | Follow-up detailThis is a follow-up video to last week's analysis as we were able to scoop over 1,200 pips profit (see link below for reference purposes). Thursday's data showed that U.S. CPI inflation eased in December 2022 and this data appears to be firing a bullish momentum as risk appetite for the Oil appears to have been bolstered. Last week's trading session witnessed a rise of approximately 7.00% to close the week around the $80 zone - a good sign of recovery. So, from a technical standpoint; the $80 Level shall be our yardstick for trading activities this week and this video gives a detailed illustration of what to look out for to either buy or sell the USOil for this week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
1
USOil | New perspective for the week | Follow-up detailThis is a follow-up video to my previous analysis where we made over 1,000 pips in profit (see link below for reference purposes). Crude oil prices witnessed significant gains to close last week's trading session with approximately 8% growth as Moscow said it may cut oil production to offset price caps on Russian crude imposed by the G7 nations and the European Union. In the coming week, the chances of subdued trading activities are very likely and this might not be unconnected to the hangover of the holidays thereby reducing the liquidity in the market. In this video, we took a look at the chart from a technical standpoint where the $80 level will be serving as a major determinant of price movement for the new week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
USOil | New perspective for the week | Follow-up detailThis is a follow-up video to my previous analysis on the USOil where we closed the week with close to 2,000 pips profit (see link below for reference purposes). Despite the drop in oil prices in the last couple of months to worries of recession, there appears to be some sort of recovery last week as prices climbed to close the week with a 4% growth. Could this be a reflection of renewed activities from China (the world's largest importer of crude oil) after the government relaxed COVID restrictions? Well, In this video, we looked at the charts from a technical standpoint where the importance of the current structure was emphasized as we look forward to trading opportunities from around the confluence at the $74 area in the coming week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
2
USOil | New perspective for the week | Follow-up detailThe Oil market has been gripped with fear and uncertainty in the last couple of weeks (s) to impose selling pressure as we witnessed a drop of over 1,000pips during the course of last week's trading session. Now that the price cap of $60 per barrel on Russian oil has been agreed upon by the G7 last week; how will the market react or respond to this development in the coming week(s)? From a technical standpoint, this video illustrates how I intend to use the current structure in the market to project a trading opportunity during the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOTLong
by darcsherry