Usoilforecast
USOil | New perspective for the week | Follow-up detailFollowing the OPEC+ decision to cut oil production 2 weeks; we have witnessed an increase in the price of crude oil. However, during last week's trading session, there was a drop in oil prices which could be a s a result of "take profit" activities and we still do not know how far the retracement move will go. It appears that the fears of recession and weak oil demand, especially in China, is outweighing the move to cut oil production at the moment, but from a technical standpoint, this video explains where to look out for buying opportunities that is likely going to be inciting the second phase of the bullish momentum that started two weeks ago.
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.
USOil | New perspective for the week | Follow-up detailOPEC+ had its first physical meeting since the pandemic last Thursday and has decided to cut oil production which is definitely going to have an immense impact on price movement in the coming week(s). The impact of this event could be seen on the chart as we witnessed a significant breakout of the key level at $86.00 to set a bullish tone against the new week as Crude oil continues to soar on the wave of this decision.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) is high-risk and unsuitable 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.
USOIL - Short from resistance ✅Hello traders!
⁉️This is my analysis on USOIL.
Here we are in a bearish market structure, so I am looking only for shorts. I expect price to go a little bit higher to fill the imbalance above and then to reject from resistance.
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USOIL Oct 1 22🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
USOIL ! Daily analysis bullish or bearish ? Short rules are simple: don't force trade against terend, with a clear HL-LL structure. Then, at the red level, is sell zone. momentum is looking price fail to make a higher high, then go to entry short.
traders need to enter short at that level, as a red engulfing reversal candle appears at that point.
verify a lower timeframe for the best analysis and wait until short confirmation.
Must wait for more signals as a confirmation candle, otherwise
Long rules are simple: If you get high risk, high reward. Then wait for the break red zone, with massive bullish momentum
USOil | New perspective for the week | Follow-up detailThis is a follow-up video to my previous analysis on the USOil as we did make a minimum of 350pips in total to close last week. Oil bulls culminated in a loss during the later part of last week's trading session after a surprisingly higher U.S. inflation print for August reinforced expectations for more super-sized Federal Reserve rate hikes. Even as the selling pressure appears emphatic, the current market structure remains ambiguous.
Risk 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.
US OIL SHORT IDEAHello Traders!
Hope we are all having a great profitable week.
We are currently seeing on US oil that the market has been very bearish for the past couple of weeks and we have seen a clear bearish order flow consequently.
Having that in mind, we had to spot our supply zone from where we have a strong bearish order block, waiting to see the retracement stop at that point and the new impulsive leg start immediately.
So here it is on our charts and we look to take full profits at the new lower low.
Cheers!!!
Under Cover Trading!
Swing Trading Simplified!
USOIL - Short from bearish orderblock ✅Hello traders!
⁉️This is my analysis on USOIL.
Here we are in a bearish market structure, so I am looking only for shorts. I expect bearish price action as price took out liquidity above previous weekly high and mitigated bearish orderblock.
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USOil | New perspective for the week | Follow-up detailThis is a follow-up video on my previous analysis as a breakdown of the demand zone at the $83 area appears to be a bearish signal. In the next week, I expect to see the price move back into the $83 area where a rejection or breakout of this level might signal the direction of price action.
Risk 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.
USOIL ! Is this the end of the oil down ? long trade idea.Oil prices have fallen in last few weeks, but the bullish trend continues for a long term. If USOIL get shows a support at the level of 74.20 and bullish forming, I open long trade.
Why oil is still bullish ?
1. World oil production rose 790 kb/d in August to 101.3 mb/d, with a strong recovery in Libya and smaller gains from Saudi Arabia and the UAE offset by losses in Nigeria, Kazakhstan and Russia. From August through December, growth is forecast to slow, edging up by just 280 kb/d to 101.6 mb/d. In 2022, global production is forecast to rise by 4.8 mb/d, to 100.1 mb/d, and by 1.7 mb/d in 2023 to 101.8 mb/d.
2. Geo-political events
The geopolitics of oil and gas can be viewed as resulting from the balance between supply and demand, which affects the power dynamics between energy exporters and importers, energy security, and the military strength of major powers
USOIL is in possible sell zone!!USOIL 4h Has broken down after creating a head & shoulder on the lower timeframe. Upon new opening, the price has formed a new bearish structure and again has broken down after a liquidity grab as soon as the market opens. Currently, price retesting the previous support as resistance on the local structure and rejecting that can give us another opportunity to sell WTI after our first successful trade as soon as the market opens.
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USOil | New perspective for the weekOn a weekly basis, we have witnessed how the price of oil fell for a fourth straight week to incite a risk of a further decline in price action in the coming week. However, I won't be jumping to conclusions considering the current structure as we need to look out for significant signals that will guide our actions during the new week.
withRisk 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.
⁉️ USOIL - Market AnalysisHello traders!
⁉️This is my analysis on USOIL .
Here we are in a bearish market structure with clear lower lows and lower highs. I expect price to reject to take out buy side liqudity and to fill the imbalances above. After that, to continue bearish price action.
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