USOIL 7/06/2021 - WEEKLY FORECAST TF 2HHello Traders!
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the eye signs.
Heart in the box - a place to take profits
Eye sign - spot to jump in, or watch
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool.
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GOD BLESS U ALL !!!
Usoilforecast
Friday: USOIL - Week 22Check out related ideas for analysis context! - these patterns really work!
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.
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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.
Tuesday: USOIL - Week 22Check out related ideas for analysis context! - these patterns really work!
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!
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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.
WTI Oil : Upside break out is possible targeting 72-74 Handle As of now trading around 67 area with speculative sentiment index around 20% hence an upside break out is highly possible targeting the 72+ levels coming weeks . However, considering the trade on the last day of month + price around the range top , You can try putting sell limit orders 100-150 pips above the 67 top although success rate will probably very low as the HERD is in mass selling mode.
Trend : Up
Pattern : Possible upside break out
Signal : Buy Dips
Target : 72-74 handle
Trade to try : Sell limit @ 68-68.50
Stop Loss : 69
Target : 63-64
Accuracy : Less than 50%
WTI Oil : Stop Hunt /HH to 67.80 -68.20 handle possibleAfter the stop hunt /HL around 61.65 ,Price returned to the old daily range 63.50-67 indicating it will continue to trade inside the range or an upside break out since the SSI is around 25% and every dip is bought strongly .
Trend : Range
Signal : Sell Limit 67.80-68.20
Stop Loss : 68.75
Target : 65-63.75
Wednesday: USOIL - Week 21Hello everyone! I'm hoping to reach lots of people here on tradingview and create a community where we all share and help each other in becoming better traders, so please, comment and share your ideas and thoughts in regards to my posts! :)
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.
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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.
Monday: Crude Oil - Week 21I'm waiting to see whether we get an impulse down and a little flag structure, this would open up the possibility to sell.
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.
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💡 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.
WTI Oil :Likely to break the range bottom eyeing 59.50 level As expected ,Stop hunts are happening either sides of the past 10 day range (61.70-66.05).Yesterday we have seen a strong stop hunts by bears around 61.90 area and price barely managed to come inside the range. Speculative sentiment index is around 80% and technically the outer rectangular range bottom around 57.40 level needs to be tested before any upside breakout.
Trend : Range
Signal : Sell Limit (64.10-64.40 ) , Or a Split Sell at CMP based on your R:R / Position size + Limits
Stop Loss : 65.35
Target : 59.50 - 57.40 Handle .
Monday: Crude Oil - Week 20Crude Oil keeps making bigger flats for 1 more up. But looking at the daily structure we clearly see that we are in a corrective phase. Based on pattern analysis I'm looking for the structure to break the top 1 more time, and then I'll be looking for reversal signs/signals.
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.
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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.
Friday: Crude Oil - Week 18I 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.
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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.
USO: Pump up the Jam! ⛽⛽⛽Guys, fill up your tanks before the upcoming run, as we expect the USO to rise in the long run! However, in our primary scenario, we should see a correction down to around $35.41, given that the price is not breaking out above $44.64. This breakout has a high probability of 40%. So, it remains exciting to see whether the USO is taking the long road or is trying to take a shortcut.
What shall we look at next?
USOIL, 8hr tf, sell on trendline retest
As you can see i draw a descending trendline which will be our resistance for USoil.
As long as price below this trendline and hold below 64.50, we could see further decline in USoil.
I am planning on taking sell positions for USoil.
This trade gonna have 110 pips stop loss so use proper risk management for this pair.
Desclining oil coulf provide fuel to our AUDCAD trade ideas which i shared as well. Check my link down below as well
Sell USOIL 63.40
Stop loss 64.50
Take profit 57.60 (5.2R)
Use only 1-2% risk
Good luck
US OIL MARKET BREAKDOWN Bit of strange and I felt uncomfortable recording it but it had to be covered! Fundamentally oil is bearish but technically it is becoming bullish again!.
I have not provided any trades on this video as at this time it is a no go until price develops properly! We sit, watch and wait for the right price!
Come join us down below!
USOIL trade update idea........
when breakout this pattern then oil goes down 55.74 and 53.87 level.
Dear Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
USOIL - Buy Entry - H4 ChartUSOIL - Buy Entry - H4 Chart
Buy @ Current Market Price
Stop Loss @ 57.219
Take Profit @ 62.056 Risk/Reward Ratio 1 : 1.7
Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance
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Wishing you successful trading 🙏
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🔺 DISCLAIMER
🔺 The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
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US OIL LONGGood Morning another beautiful start to the trading week for the Barons!
Oil has followed my analysis perfectly from the call to 61.70 to drop all the way back down to 60.00. This was all covered in the market breakdown...I would like to see price closing back above 60.30 to provide us with more of a potential to push higher from here...It pays to be a baron! ;)
Come and follow the link down below!!
3 trades - 2 taken profit and 1 in profit!
Trade 1 - 70 pips.
Trade 2 - 50 pips.
Trade 3 - running 20 pips profit.
USOIL 4H TIMEFRAMEHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied