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Usoilforecast

UUSOIL LONGS LONG-TERM 📉📉📉From a long-term perspective USOIL looks like a good buy from 63-64 area, we have a bullish market structure on a HTF, price just made the retracement back into bullish orderblock d1 an important area of supply for the price in that area closing the bullish imbalance as well, price left a lot of inefficiens in the past that should be closed in the future, price should be magnetize back above 70$, that's my long-term perspective long term meaning 1-2-3weeks. What do you think ? Comment below..
TVC:USOILLong
by AnonimFXRO
9
USOIL SELL TRADE IDEAHello everyone, if you like the idea, do not forget to support with a like and follow. We do have a W pattern formation on the Weekly. We can expect a rejection to the downside, and we still didnt see the retracement to the 0.382 so a deeper correction does seem possible On the daily, we can see an ICI strategy and is currently testing previous daily support which it has tested 2 times and now currently testing as resistance which if we see a candle closure below this support. Taking the fibonacci on this daily impulse we can see that the market has retraced back to the 0.618 golden ration taken on this daily impulse. On the 4H time frame, we can see the area is acting as support, while MACD is below 0 but EMA's have just slightly cut for long, so if the market manages to cut below this support, EMA's will cut for short, so the break and shift of the environment, on the retest and when EMA's line up with structure. Stop loss is above the high or above the 0.786 of the fibo on the impulse and take profit on the fibo on the daily retracement. Trade Signals SELL Entry: 81.04 Take Profit: 77.11 Stop Loss: 82.33 Good luck! All Strategies Are Good; If Managed Properly! ~FX_SHIFTER
TVC:USOILShort
by fx_shifter
USOIL LongMy view of USOIL . Potential long opportunity. I am a bit late with this idea and it’s a bit minimalistic and quick but it will hopefully do. After a pullback down to our PBA 1 and respecting the consolidation area , I’m expecting the price to come back up to the top of the consolidation area . Double bottom on 4H is also confirming the long idea. After a clear break of the consolidation area we can expect another upside move. Entry is at 81.898 . Stop Loss is below current low and below a possible pullback area . Stop Loss is at 80.547 . TP is at 86.660 . Overall we are in a uptrend and without breaking the uptrend structure , we will keep looking for buys at pullback areas . If we don’t come down to our entry, take a smaller position due to risk being higher. Keep in mind prices may vary from broker to broker. PARAMETERS - Entry: 81.898 - SL: 80.547 - TP: 86.660 KEY NOTES - Overall we are in a uptrend and without breaking the uptrend structure , we will keep looking for buys at pullback areas. - Respecting the consolidation area - 4H double bottom confirmation Happy trading!
FX:USOILLong
by BANDZTRADES
2
WTI Crude OilCrude oil prices pulled backed slightly overnight after a US report showed a large build in stockpiles. The American Petroleum Institute (API) reported a 5.213 million barrel build for the week ending October 8. That is the third weekly inventory build reported by the API. Energy traders will shift their focus to the upcoming Energy Information Administration’s Weekly Petroleum Status Report where analysts expect to see a build of just over half a million barrels for the week ending October 8, according to a Bloomberg survey. The Organization of the Petroleum Exporting Countries (OPEC) released its Monthly Oil Market Report, which trimmed its global demand outlook for this year. The organization lowered its 2021 demand forecast for oil from 5.96 million barrels per day (bpd) to 5.82 bpd. The 4.2 million bpd forecast for 2022 was unchanged from its September report. Delta variant-driven outbreaks in the summer months were responsible for the downward revision. However, OPEC did note a possible tailwind for oil prices due to rising natural gas prices. The energy crunch across Asia and Europe sent prices for the heating gas soaring this year. US prices are also higher, partially due to export demand from those energy crunches. UK natural gas prices are up nearly 300% for the year, although the meteoric rise appears to be taking a breather. That rise is incentivizing some energy producers to switch to crude and Brent oil products. That said, if natural gas prices continue to rise, it may likely drag oil prices higher alongside. The EIA will report weekly US natural gas stocks tonight. Analysts expect a 94.58 billion cubic feet (bcf) build. A larger-than-expected build may see prices ease, which could ease demand for crude oil from energy producers. CRUDE OIL TECHNICAL FORECAST Prices are hovering just above the psychologically imposing 67 handle. The 61.8% Fibonacci extension from the middle August move capped upside action earlier this week. Bulls may see that as a level to overcome before moving higher. The RSI oscillator is in overbought territory on the daily time frame, suggesting prices may need to cool for a period before resuming the preceding uptrend.
TVC:USOIL
by AbdallaAmgad
1
Tuesday: USOIL - Week 40Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
TVC:USOILLong
by INotFancy
1
Crude Trend analysisThe energy benchmark had previously benefited from the Organization of Petroleum Exporting Countries, Russia, and its allies, known as OPEC+, decision on Monday. According to Reuters, the oil cartel reaffirmed a previously agreed accord in which 400,000 barrels per day (BPD) will be added in November. “An OPEC+ source told Reuters soon before Monday's ministerial talks that the group had been pressured to ramp up output faster, but added: ‘We are terrified of the fourth wave of corona; no one wants to make any huge moves,'” according to Reuters.
TVC:USOILLong
by meelbijendra
Monday: USOIL - Week 40Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
TVC:USOILLong
by INotFancy
6
USOIL told you exactly how the market is going to moveHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ On September 13 I posted an idea explaining how the USOIL was close to a breakout and that you should keep your eyes on the market for the next few days, and posted 2 Scenarios of how the market is most likely to move. Looking at the market today we can see that the first Scenario has happened exactly as I predicted. Over the past few weeks, oil prices have continued to proceed along an upward trajectory as commodity shortages remain a key concern for global economies. noticed that the market has brokeout the main resistance zone located between 70.40 - 70.63 and started to gain momentum that drove the price up hitting the 76.43 level yesterday, That is almost a 9% increase in 2 weeks alone Possible Scenarios for the market : Scenario 1 : The market seems to be nearing the first support line located at 73.76, if the price was able to drop below and close then we could be seeing a small Bearish movement that could lead the market down to the second support at 72.89 or even below back to the main support zone at 70.40 - 70.63, where a bounce back in price will probably happen leading the price back up again to its current level. Scenario 2 : The Bulls are trying to gain control over the market today in hope of staying away from the support level and going back up near the first resistance level at 76.18 where a battle over control will happen and the winner will determine the outcome movement of the market, If the Bears were to win then we might see a drop to the first support at 73.76 where a bounce most likely will happen. If the Bulls were to win then we will see an increase in price that could lead the market to the 77.73 or even the 80.74 level in the next period of time. Technical indicators show : 1) The market is above the 10 20 50 100 and 200 MA and EMA (Strong Bullish sign) 2) The RSI is at 61.31 showing Great strength in the market, With no divergence found between the market and the indicator 3) The MACD is above the 0 line indicating that the market is in a Bullish state, With a positive crossover between the MACD line and the Signal line Daily Support and Resistance : support Resistance 1) 73.76 1) 76.18 2) 72.89 2) 77.73 3) 71.34 3) 78.60 Weekly Support and Resistance : support Resistance 1) 71.06 1) 75.90 2) 67.93 2) 77.61 3) 66.22 3) 80.74 Fundamental point of view : The price of Brent crude oil continues to soar, touching highs last seen three years ago as demand outstrips supply. The continued rollback of covid-19 restrictions in economies around the globe is driving demand ever higher with supply struggling to keep up. OPEC+ will meet next – October 4 – and they may need to increase production further to help alleviate the market shortage. Brent crude touched $80/bbl. earlier and may now set its sights on the October 2018 high at $86.65/bbl. if the OPEC+ leaves production at its levels. The Organization of the Petroleum Exporting Countries will also release its World Oil Outlook next week and this now takes on increased significance as prices rally hard. According to Dailyfx This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:USOILLong
by GabiDahduh
4
OIL TRADE IDEA UPDATEhi traders and followers.. i wish u all the best in your trading so this is my trade plan for this week. For those who are unfamiliar with the trade plan and structure, please see my earlier post. Oil is trading higher after breaking over previous barrier and setting a new high on the daily TF. we had 2 open position long for oil started $67.63 and again $69.80 To add more position, a correction at $72.43 or $71.10 seems like a good opportunity. Target $75.61, then $75, then start selling the rip till it reaches $69 as the first target. ❤️Please, support this idea with like and comment!❤️
TVC:USOILLong
by mytw0cents
3
Monday: USOIL - Week 39Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
TVC:USOIL
by INotFancy
Friday: USOIL - Week 38Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the support! ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
TVC:USOILLong
by INotFancy
3