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Usoilforecast

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
USOIL MARKET OVERVIEW USOIL MARKET OVERVIEW USOIL closed bullish today and one more bullish candle should return price back to 112.00-113.50 Price was fundamentally driven which gave us the push higher. I gave a mid week overview to the members of the possibility that if 103.20 breaks then we will swiftly move to 106.00 so no one was left in the dark. A long in oil would interest me but the conditions need to be correct. DXY does has an impact on WTI has it's a commodity hedged against the dollar. We have the FED interest rate hike on 04.05.2022 with a bias point of 50. This wont be a surprise and in fact we believe price is already factoring this in and DXY should look to have a correction. A lot of the time in big events the move happens before and people get caught up and confused in the candles. I am not going to rush into USOIL but more watch for develop and a set up. I will only look for scalps tomorrow as I refrain from holding weekend positions as an tensions in Europe over the weekend can cause chaos beyond control. Make sure you use our link below! --------------------------------------------------------------------------- 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 ❌ Here are all the trades taken this week from the combined communities 15 trades taken 9 wins ✅ 6 losses ❌ 60% win rate Combined this is 805 pips which is an outrageous way to close out the month!🤯
TVC:USOIL
by UnknownUnicorn33264805
Magical squares in Oil. Pay attention on it. We could see 3 global square range at the Oil chart for last 10 years. I call it Support, Resistance and a Transit zone. You could see that we have successfully leaved Support zone (so, no Oil shorts any more) and follows to the Transit zone. There are 2 main options now - to push off from it and return to Support zone or to come inside of it. If we come inside of Transit zone, it means we are on the path to Resistance Zone. And that's 100+ Oil price area. Let's suppose we are take off in Transit zone. There is a question - how long Oil is going to be passing throw it? You can see app. historical periods on chart. I have viewed a lot of forecasts at TV and there is almost absent some setups with 100+ price range. That could be a sign that traders are not expect fast emergence of Resistance zone. That could mean that this time transition could be really fulminant (almost no one expected of Oil's drop to 40 area from 140). Anyway, I prefer to forgot of longterm shorts of Oil for 2017. Happy New Year! Best wishes for everyone. Wish you an excellent year with a lot of joy and profits. May all your dreams come true. Be happy!
TVC:UKOILLong
by UnknownUnicorn163516
USO: Island Hopping 🏝 Summer is approaching slowly but surely, and some might start to arrange their next holiday. Meanwhile, USO is already heading south and has a bit of island hopping planned. The first stop should be in the green zone between $68.62 and $66.43, where USO should finish wave 3 in green – and maybe drink a cocktail or two. Then, it should draw some breath in a short countermovement to complete wave 4 in green. Afterwards, the next green island between $62.86 and $60.67 is waiting, where USO should conclude wave 5 in green, wave c in orange and wave in magenta. Following another countermovement in wave in magenta, USO should finally reach the warm beach strip between $60.18 and $43.48 to finish wave in magenta and wave (2) in yellow and to catch some rays.
AMEX:USOShort
by MarketIntel