Crude Oil Buy SetupDISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
Usoilforecast
Let me know if you caught 150 pips from my last oil trade?!Here is my next set up for oil. I have already taken some profit from the initial trade and I also still have some running. I am looking for a new entry as I don't believe the downside movement is complete yet!.
I have put in two red boxes where price could reject from but for me to enter again it would have to come back up to my zone!.
USOIL SHORT IDEALooking at a nice litte short this afternoon, waiting for confirmation before pulling the trigger
Look back...called this ages agoThis trade is now live and I am looking for reversal from this point!
USOIL Levels To Watch Out For!!!!1.The Flag we're forming if it breaks to the upside, then your target should be the upper trendline.
2.If it breaks to the down side, then expect a strong fall once the trendline is broken!!!
Trade at your own risk! For Educational purposes only!!!
USOIL - SELLExpecting OIL to take a drop this week to its previous level of support, once this current level has been broken
USOIL CRUDE OIL FUTURES LONG SET UP TO $44US OIL LONG DROP
P 39.54
S3 35.4 S2 37.47 S1 38.49 R1 40.56 R2 41.61 R3 43.68
CRUDE OIL FUTURES
TITLE : BUY USOIL
ASSETS : COMMODITIE
SYMBOL : USOIL
ORDER TYPE : (EP1) market
(EP2) LIMIT ORDER
TF : 1W
ENTRY PRICE 1: $37.98
ENTRY PRICE 2: $37.08
STOP LOSS : $36.20
TAKE PROFIT 1- $38.98
TAKE PROFIT 2- $40.08
TAKE PROFIT 3 -$41.98
TAKE PROFIT 4 -$43.08
STATUS: ACTIVE
USOIL Buy OIL from around 34Hi traders,
If you want you can start watching for SHORT TERM Sell setups back to the previous bottom around 34.
For buyers, let the price come down to 34 then we will start watching for buy setups.
USOIL (XTIUSD) CRUDE OIL GOING TO 50$+USOIL START MOVING TO 50$+ all is matter of time as
worldwide lock down is opening
Keep buying we had changed our trend
after long time period on oil ..
NOW WE ARE BUYING
WE APPRECIATE YOUR LIKES AN COMMENTS
DO YOUR OWN ANALYSIS BEFORE ENTERING TO A TRADE
USO ETF Resumes Trading Oil Futures - 155% Price IncreaseFollowing temporary suspension of trading new oil futures contracts for all institutional and private customers by USO's broker RBC, USO has secured a second broker, RCG, to allow the trading of new oil futures contracts by USO , effective May 29, 2020.
In addition to the buying and selling of new oil futures contracts under RCG, USO still maintains full rollover capabilities of preexisting oil futures contracts, prior to May 23, 2020, maintained, and brokered, under RBC .
From the market low of $16.88 on April 28, 2020, USO has seen a 155% increase on price, as of June 2, 2020.
With economic recovery, and an increased demand for oil , poised to dominate the summer season, outlooks for holders of USO ETF are promising.
USOIL - WTI (CRUDE)Hey Guys,
GOLD and OIL both are quite Bullish due to current economic uncertainty.
Buy the dips and keep long term targets to 33, 35, and 40.
Note, any impulsive moves to the downside will be short-lived.
Ty
USOIL WTI CRUDE TIME TO GO DOWN TO $20 Then $17!! SELL!Failure to break the LH at 28.40 we can see Oil heading down to retrace or make a new LL
USOIL - WTIHey Guys,
I believe we are starting downtrend for this and coming week.
Target 1 = 22
Target 2 = 20
Target 3 = 18
Extended Target = 16.50
Good luck!
SECOND ROUND OF USOIL / WTI SELLS INCOMING UPDATE!USOIL / WTI - Update.
Created an equal high today after pushing higher. Then following on with a push down.
Need to see a pullback to the areas highlighted if we can and see it rejecting strongly we can look to sell OIL.
For now be patient and await some more signs.
IF we do not reject after a pullback and keep pushing higher we may be in for OIL coming in higher ONE MORE last time to 28.40 so please keep aware and be patient.
USOIL SHORTS COMING IN TO $10Rejection of the resistance area twice of the last LH set to come down!
USOIL will rally up long-term!As businesses slowly reopen in the US, the demand for oil will increase. Therefore, the price will rise long-term. Please like, share and follow if you found my analysis useful!
