USOIL in weekly triangleUSOIL currently playing nicely within weekly triangle, being supported by MA50, next MA 200, if broken target mid 40s
Usoilidea
Usoil Trade Setupas long as I closed my short now looking for a long trade :) both bullish bat's and bullish butterfly's PRZ are same
USOIL Harmonic BAT Pattern Analysis and StrategyWe are currently trading the 4th leg of a Gartley Pattern that is forming on the 1 hr chart. We are predicting the harmonic pattern will be completed on the condition that the red resistance zone is not broken. TVC:USOIL
Crudeoil (USOIL WTI) AnalysisJust my opinion on what market might currently be doing. If market does get to 58, then i will wait a while to see what market does before deciding on next move. Enter and exit at your own risk.
This could be happening
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Crude Oil Double Top - Possible Short NOWIn my previous analysis I mentioned watch the top for a possible short, So Price action tested the top of the expanding channel, tried breaking out but failed, leaving a double top here.
It has broken down the trend line so I am executing my shorts here.
Trade Safe!
USOil, Weekly Fundamental Analysis | ForecastsLast week's rally indicates that two events will occur to support the current rally. Firstly, the United States and China must continue to make progress towards a trade agreement, and OPEC must continue to adhere to its strategy to limit production. This is due to the US goal of becoming net exporters while reducing dependence on foreign oil. Despite the series of potentially bullish events, traders remain cautiously optimistic about the upside potential of the market mainly due to concerns over the rise in US production and the difficulties in reaching a trade agreement between the US and China quickly.
USOIL - Retest of the Uptrendline? USOIL made a good rally up after making a 1,5 year low of 42.35. How ever I expect a small drop to around the Uptrend line. If the Uptrend line won't be broken we could see another pump to the Resistance level of ~54,20.
To be updated
US/OIL - Trading plan next week (Long)At the end of the week we closed at a very good support level of 52.00-52.20, as you can see in the charts there are multiple touches with this support/resistance level.
I'm going to open a order for monday.
Entry (order): 52,05
TP1: 54,15
TP2: 55,30
SL: 51,70
US/OIL - My idea on the 4H Chart!After this pullback we could see a nice bounce to around 55.00!
Entry: 52.30
First target: 55.20
US Oil possible counter tradeLooking at the Crude oil, though overall trend is bearish but i just see an intraday counter trade, risk is quite low at this point, i am looking to buy to see if it works out.
Trade Safe.
USOIL Potential Right shoulderTVC:USOIL Potential Right shoulder
All information is given inside the chart and shared this for educational purpose only. Good luck...
USOIL - 350 Pips + OpportunityUSOil has broken it's 200 ema on the 4 hour chart and prices jumped up.
If it does find support at current levels, we can expect USOil to rise even further anywhere till 73-74.
Crude Oil possible correction to setupMy last call on Crude smashed the target well above 1,000 pips, at the moment it is almost testing its multi months channel top, however trend still is very much strong, i am looking for a linear compression to be forming at the top of the channel. Expecting a correction there so I could look for sell setups, keep eyes on this market for a possible sell swing trade.
Happy Trading.
USOIL Daily SetupOn previous week USOIL (WTI) broke dawn upward channel, because we had news that OPEC are increasing oil production.
Price technically could make a PullBeack to Sell zone $71. There we can catch Swing move down to key buy level $58.18
The best place for short is near $71. It is a place where price broke down channel. S/L set higher $72.
Under this post in comments you will see a link on my telegram channel where i post more free signals
WTI Crude OilMy bias is long on usoil. The 4H chart shows my idea on getting into the trade. My view on the trend is bullish based on the daily and weekly charts. Other important infos that I looked on are the 2 hammers with long tails indicating buying pressure laying on the previous resistance level way back in 2015. My opinion is that the resistance level has been broken and is now become a support level.
USOil - Watchout for the break - 200 pips+ OpportunityUSOil is currently in a consolidation zone. Keep and eye on it for when it breaks out.
I am still neutral to whether it can go up or down. However, I do know that once it breaks out it will have a big move.
Always trade after your own analysis as well as money manage properly.
Happy trading!
long CL at lower parallelCl is at its extreme within this upsloping median set and has made a higher low after reaching the pendulum median line. This offers a very nice long opportunity with a relatively cheap stop.
Target 1: Coil (red box)
Target 2: Expansion topside as projected by expansion downside from the coil.
Target 3: Upper MLH
USOIL Good to short againPair Direction Time frame Entry Price Reason Stop Loss TP-1 TP-2
USOIL Sell Limit 4H 53.3 Fibo-0.768,Pressure Level 53.80 51.80 50.10
USOIL Sell Limit 4H 53.8 Fibo-0.768,Pressure Level 54.40 51.80 50.10
USOIL Sell Stop 4H 52.7 Break Support Level 53.30 51.80 50.00
