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Usoilforecast

CRUDE OIL (USOIL) Weekly, MonthyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the weekly and monthly arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
TVC:USOIL
by Dinjin
1
BLACK GOLD! is there some serious cash to be made?Scary times for oil, I was in favor for a turn around and thought 10$ a barrel was ludicrous but after looking at the monthly with my analysis it's looking incredibly favorable?!. When coming to the oil chart I was actually hoping to find a long opportunity lol. Take a look at that bottom trend line...we have had a perfect bounce and break bellow. not only just breaking the trend line but the structure too. The wicks need to hit that 0.168 fib line to complete the full retracement which coincidentally lays on that 10$ region. The 78 and 61 has been tapped perfectly. Now 16-17$ is a very strong floor which is where we may see a real bull/bear scenario but a break below this level and I do see 10$. My broker has had a serious lag with oil and is trading at $25 a barrel instead of $18...my broker is usually spot on with prices so this is very weird. I have taken full advantage of this lag and entered shorts to the $18 mark, I will move this lower to $10 and wait to see what price does at the $17 level before moving the TP back up. Oil being driven to all times lows just to be bought back again for serious accumulation...then a huge surge...? lets see, let me know what you think. My opinion...trade at own risk. Not financial advice
TVC:USOIL
by XHRISTIE
16
CRUDE OIL FUNDAMENTAL AND TECHNICAL ANALYSISTHE SENTIMENT FROM ANALYSTS ON CRUDE OIL STILL SUGGEST POSITIVE MOMENTUM TO THE UPSIDE DESPITE THE BEARS PUSHING OIL DOWN ANALYST NICK CAWLEY ON DAILY FX SAID....... While oil’s fundamentals are still up in the air - but likely to be settled very shortly – the technical backdrop is suggesting a continuation of the recent rally in the oil complex. Brent crude hit a multi-decade low of $24.75/bbl. at the beginning of April after having hit a peak of $71.06/bbl. on January 8 this year. Fears that the coronavirus would hammer global growth – currently being borne out – and infighting between OPEC and OPEC+ members left oil with little support. The daily chart now is beginning to tell a slightly different story. Oil remains volatile and any good news can cause a sharp spike higher. On April 2 oil traded in a 40%+ day range, as good news filtered through and although these gains were paired, oil pushed back above the April 2 high today, suggesting further upside. On the way, oil has made 8 higher lows in a row, another positive set-up, and in doing so has now moved back above the 20-dma for the first time since late-February. These higher lows have helped to form a short-term bullish pennant. As long as the supportive trend remains in place, oil looks to move higher. Brent crude now needs to close above both the 23.6% Fibonacci retracement level at $35.68/bbl. and the April 2 high at $36.40/bbl. before it can push higher. The daily chart also shows a ‘gap’ between $40.01/bbl. and $45.23/bbl. that needs to be filled. Gaps, an area where no trading took place, are normally filled, more so during times of extreme volatility. In the middle of this gap is 38.2% Fibonacci retracement at $42.44/bbl READ FULL ARTICLE ON DAILYFX www.dailyfx.com I STILL SEE OIL RISING IN THE COMING WEEKS PROBABLY WILL HIT THE PREVIOSE SUPOORT LEVEL THEN WE'LL SEE A RISE IN OIL BUT SENTIMENT ARE STILL THE SAME ON OIL FUNDAMENTALLY AND TECHNICALLY LOOKING FOR LONG OPPORTUNITIES ON USOIL....
TVC:USOILLong
by PULEMokhothu
usoil entering the$20 region where a strong ressistance is readywith a Major rejection at the 786 level of the fib, we saw a nice bearish movement to the first -27 level. we have some room of 100 pips to hit the $20.00 region which aligns with the -618 level. from that level, we can expect some sideways movement and a bullish push. especially now when Trump made a deal with the OPEC for a production cut, and China who is slowly getting the factories ready for production. we can expect a higher demand for usoil which can push the price to the 30-35 $ region.
TVC:USOILLong
by Financexclusive
USOIL ROADMAP This month's candle closing will be interesting,.. will this be the right time to go long? ;) **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
TVC:USOIL
by GWBFX
7
The Oil War is "Over".. the party is over.There are so many fundamentals I exhausted on yesterday's research and analysis of the underlying factors so please have a read through those. My fundamental long bias now results from simple supply side economics. In conjunction with this, many to nearly all over-leveraged mid and large cap oil companies and their contracts (strategic partnerships/contractors) have fallen and will be consolidated. This will lower multiples, and force a much clearer focus to bottom line effenciens and choke points to very low acceptance thresholds. As oil tanks become filled to capacity, Oil cuts will reduce and inflation will raise once COVID ends and the world enjoys 10$ round trip flights and 0.96$/ gallon gas for their summer vacation with their Trump check. Things will get better economically, and Oil is undervalued it's sick. The Alliance between Opec and Russia may cease headlines for now, allowing algo's to let go and fundamentals take over in a natural market again. OPEC will cut 9.7 million bbl's per ay, just below the proposed $10 million. This is a lot of oil and is capable of suppressed asks to sustain bullish rallies. Futures now showing 30$ a bbl.. thus, I'm now long oil. Big time. Stopposses will be updated when I enter long. All oil long entries closed.. 10:37:07 (UTC) Mon Apr 13, 2020
TVC:USOILLong
by TayFx
26