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Usoilforecast

USO: Springy 👟👟USO seems to have put on its extra springy sneakers as it has jumped up into the green zone between $83.54 and $87.83 quite briskly after pressing against it for some time. Now, it should finish wave B in green in this region and subsequently turn around to move downwards. On its way, USO should then drop back below $82.48 and also fall below the support lines at $67.68 and $62.92 to reach the yellow zone between $60.18 and $43.48, where wave (2) in yellow should end.
AMEX:USO
by MarketIntel
USOIL Short Term Outlook |19-MayHolla, Do you agree with my chart analysis? I expect a pullback until my sell line. My plan is to wait for candlestick structure as a confirming catalyst before opening a position. Checklists; 1. Price must touch my entry zone 2. Price bar (4hr) must close below my zone after touching my entry zone. 3. i want to see candlestick pattern ( mostly pin bar or bearish engulfing candle) before looking for entry. 4. Chart pattern like rising wedge would me an added advantage Will update intermittently... Kings.
FX:USOILShort
by Kingsley_lotanna
US OIL MARKET BREAKDOWN US OIL MARKET BREAKDOWN USOIL returned higher as expected but before hand it dipped lower than expected. Things got a little rocky at the start of the week where we original longed at 103.60 which took us out fairly quickly. USOIL dipped even further and we were able to enter at 99.20 and then exit our trade at 109.00 around 6 hours ago for a massive 980pips profit. USOIL will only climb higher unless their is geopolitical event to push it down. My eyes are now set on the following targets 114.00 > 126.00 > 138.00 and then a new ATH of 185.20. Their is method to our madness but we have been right so far. Join the link below to keep up with our insights, updates and trade. Tuesday we were -30 pips ❌ Friday we’re have closed all positions. Gaining us a huge 1844 pips profit 💰💰💰 Members in enjoy the bags and your weekend. I know I will 👽 66.6% win rate 😎 WTI BUY / -94 pips (SWING) ❌ WTI SELL / 62 pips ✅ WTI BUY / 100 pips ✅ GBPUSD / -40 pips ❌ GOLD / -60 pips ❌ WTI SELL / 146 pips ✅ WTI SELL / 276 pips ✅ WTI BUY / 980 pips ✅ GBPUSD BUY / 34 pips ✅ WTI BUY / 10 pips ✅ XAUUSD SELL/ 300 pips ✅ WTI SELL / -30 pips ❌ WTI BUY / 160 pips ✅
TVC:USOIL
by UnknownUnicorn33264805
1
USO: StairwalkerUSO has planned a tough workout on the stairwalker. After finishing wave iii in turquoise in the upper turquoise zone between $76.92 and $75.60, it should move upwards to complete wave iv in turquoise. Then, USO should drop into the lower turquoise zone between $73.45 and $72.12 to end waves v in turquoise and 1 in green. Following another countermovement into the green zone between $77.71 and $81.57, where wave 2 in green should end, USO should fall below the support at $67.68 and the one at $62.92. There, it should enter the yellow zone between $60.18 and $43.48 to finish waves 3 in green, c in orange and (2) in yellow.
AMEX:USO
by MarketIntel
USOIL: Keep an eye on this up moveHey Traders, keep an eye on USOIL, an up wave is coming. For us, the structure needs an up move before any next structure and this up move can go all the way up to 120 levels. The downward corrective structure can print one more low, if that happens look for buy setups again. The correction is completed to us and market is ready to go up. P.S. Jumping in without using stop loss or risking big or following anyone blindly leads to big losses. Do your own research, trade according to your plan and make sure to risk small specially if you are trading commodities. If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment. What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals... DO NOT FORGET OUR 4 GOLDEN RULES: 1) Do not over-risk 2) Do not over-trade 3) Do not trade without stop loss 4) Never ever add to losing position Trade with care We Trade Waves Team
TVC:USOILLong
by WeTradeWAVES
10
US OIL MARKET BREAKDOWN USOIL moved volatile today with rallies to highs then a 400 pip pullback, Tensions in Russia are still raw and Ukraine have begun attacking petroleum sites on Russian soil which is a very brave move. The fall today was influenced by the DXY reversal albeit it isn't 100% influenced by it. I mentioned weeks ago that $185 dollars a barrel is my target for USOIL and the way things are going it isn't out of reach. If you haven't read any of the financial warfare posts I recommend you do so to have a greater understanding of the current geopolitical situation. Geopolitical situation in short: Yesterday the FED raised interest rates but DXY had been climbing well before and price was factored in (we covered this in advanced) which is why we saw the drop instead of another climb higher. A V shape recovery has been made which is a VERY BULLISH sign and DXY should push higher. Since covid-19 the whole global economy has been printing money with no regard for the outcome but it fairness they needed to keep the economy floating. The FED state they have things under control but in reality they have no clue how to deal with this mess (30-45% of the US currency in circulation was printed in the last 2.5 years 'HUGE RED FLAG'. They are trying to tackle inflation by raising interest rates and this has a direct correlation with USOIL. When USOIL is this high it prints a global outlook and shows we are heading into recession. Now as I sat down tonight to watch the news economist experts are predicting a global recession and it's down to Russia hmmmmmm... where have we heard that before? oh yeah in our financial warfare write ups. It's no coincidence, this was all called well in advanced and we knew Russia would be the scapegoat for this although there has been no coverage on the money printing. DXY GOES UP, STOCK MARKET DROPS AND BUBBLE BURSTS! Recession is coming and USOIL at $185 a barrel will send it straight to us. USOIL: USOIL will bounce around a bit and the longer it takes to push higher the more chance there is of a dip. I will be looking for a swing trade in USOIL and I need it to dip to 104.70-50 before I entertain a swing long. 109.70 needs to break for a chance of pushing higher and 104.60 will act as the support. We have had a new high confirmed in this uptrend so there should be more bullishness to come. YOU MUST USE THE LINK BELOW TO KEEP FULL UP TO DATE WITH US! We have two more predictions to come through. BOYCOTT of Russian OIL and GAS RECESSION
TVC:USOIL
by UnknownUnicorn33264805
3
USOIL MARKET OVERVIEW USOIL - MARKET OVERVIEW At the start of the week USOIL came look bearish but made a great recovery and pushed to the upside before a classic weekly closing sell off. It's important to focus on the higher time frames right now as we can see USOIL made a new higher low but failed to make a new higher high and was met by a strong resistance area and even had a fake out. USOIL is still fuelled by the conflict in Europe and it will continue to have a strong grip until tension can be settled (it can move any direction at any time). Economies are struggling and feeling the burn so they will look to try and decrease prices to ease the effect it is having the global economy. I am Neutral and slightly bearish on USOIL, above the top blue zone we will see a quick move to the upside and below 98.70 there should be a sell off. Make sure you use the link below to follow us more closely, ------------------------------------------------------------------------- Pip count this week 💰🏆 / +1035 pips WTI SHORT / 74 pips ✅ GBPUSD LONG / -26 pips ❌ WTI SHORT / 185 pips ✅ WTI SHORT / -10 pips ❌ GOLD BUY / 70 pips ✅ GOLD SELL / 170 pips ✅ WTI SHORT / 200 pips ✅ GOLD SELL / -30 pips ❌ GBPUSD SELL / 67 pips ✅ GOLD SELL / 30 pips ✅ WTI SHORT / 60 pips ✅ WTI SHORT / 130 pips ✅ GBPUSD SELL / -30 pips ❌ GBPUSD SELL / -15 pips ❌ WTI SELL / -70 pips ❌ WTI BUY / 100 pips ✅ GBPUSD SELL / 20 pips ✅ GOLD SELL / 110 pips ✅ 18 trades taken 12 wins ✅ 6 losses ❌ 66% win rate
TVC:USOIL
by UnknownUnicorn33264805