🛢️ USOIL ❕ (Crude Oil)- Time To Going Up $130 🔔Hello Traders!
According to my analysis first, a second things it's what's happening in Saudi Aramco’s Jeddah oil depot hit by Houthi attack.
USOIL will be go to a bullish movement start at Monday, as you see in my chart a bullish engulfing candle for a 3H and 4H time frames, on the 2H time frame we see that the bulls or buyers in control above the 200 moving average.
the price will be go to the resistance area that represented by red lines Between $115 - $116.5, when it broken the price will be go up to our target at $130
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Trade Idea for USOIL ( Crude Oil ) :
- Wait for a pullback movement at the green support rectangle then buy
- TP1 AT $120
- TP2 AT $125
- TP3 AT $130
NB: The probability of what I analyzing, is to be true unless the opposite is proven
Feel free dear trader to share with me your opinion, and also your analysis & Follow me for more analysis and also keep watching
Have a nice trading
Usoillong
USOIL LONGS INTO 124 📉📉📉📉 Expecting bullish price action on USOIL, as price is still bullish on H4/D1 TIMEFRAME, today price made a retracement back into bullish orderblock on h4 108 price area. Next week's target is around 124 where usoil should fill all the bearish imbalances.
What do you think about this chart? Do you agree ?
Shark Complete In Nice PRZ 🦈USOIL - Still bullish (Weekly, Daily, 4H,1H) Shark has completed, very nice rejection from the demand zone (Completed Schematic on LTF, broke LTF Structure and retested) Took a buy earlier with that confirmation taking 200 points, theres still an order block in the demand zone refined on the LTF that's yet to be mitigated so price could wick into that before continuing upwards, as long as the demand zone holds i'll be looking for buys on OIL.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
$130 This Week - 4H Analysis For USOILAccording to my 4h time frame analysis on Crude oil (USOIL)
TP1 : $120
TP2 : $130
The probability of what I analyzing, is to be true unless the opposite is proven
Feel free dear trader to share with me your opinion, and also your analysis & Keep Watching
Previous USOIL Analysis : Target Reached At $110
- Watch My Portfolio
USOIL - OUTLOOK 12USOIL - OUTLOOK 12
Hello traders and happy Sunday, let's no waste time and jump straight into it.
From the last outlook USOIL declined as we expected it to, we caught two nice trades but GBPJPY and NASDAQ came back to bite us and but us straight to bed. USOIL is now stuck $99.73 and $106.41, we must break from here to get a directional bias. We are still very bullish and have broken a descending wedge but it's critical we come back above $106.41 to move higher. Above this region and $114 and recent highs will be the target. Any new tensions or negative news for the war will only drive price up again and once ATH breaks it will be a clear run to $185 which is my cycle target.
If USOIL doesn't break 106.41 but instead falls below $99.73 we will see a quick sell off to $91.27 and even $88. It's all to play for in USOIL and right now I am neutral until either zone breaks with confirmation. It is best to stick to the 4hr timeframe for further and greater confirmation on USOIL to avoid fake outs. The candle closures will play the most important role.
We have rebranded; come find out why using the link below.
Inside Bar Candlestick Pattern📉📉📉We will cover the following today:
Inside Bar (Inside Day)
Inside Days
✅ Inside Days are a daily pattern involving two daily candles, we have a day of trade, also known as the ‘mother candle’ and then the following day trades the whole day within the range of the previous day. This is a two-day bias suggesting a potential reversal. A great way to play these sorts of biases is to pre-empt the failure of this reversal, as well as playing the success of the inside day, so what does this look like? Let’s take a look at an example below.
✅ What is an inside bar?
The inside bar is a popular reversal/continuation candle formation that only requires two candles to present itself. This pattern is a direct play on short-term market sentiment looking to enter before the 'big moves' that may take place in the market.
✅ Is an inside bar bullish?
First, unlike other candlestick patterns, inside bars are usually not distinguished as bullish and bearish by their look or color of the body itself, but rather by the location they are at and other peripheral developments
✅ An “inside bar” pattern is a two-bar price action trading strategy in which the inside bar is smaller and within the high to low range of the prior bar, i.e. the high is lower than the previous bar's high, and the low is higher than the previous bar's low.
📈 HOW TO IDENTIFY AN INSIDE BAR ON FOREX CHARTS
The following steps are used when identifying the inside bar pattern on forex charts:
Identify a preceding trend using price action/technical indicators
Locate inside bar pattern whereby the inside bar is engulfed fully by the preceding candle high and low
CRUDE OIL – Futures: Buying A PullbackCRUDE OIL – Futures: Buying After A Pullback To Support Area
Price Action: There is no new price action signal to note at this time.
The recent Bearish Inside Bar Pattern + Pin Bar (Combo Setup), didn’t trigger (We did not consider trading this setup, nor did we mention it).
Potential Trade Idea: We are still considering buying on a retracement lower and after a price action buy signal, within the $88.81 – $95.84 short-term support area.
USOIL LONGS ACTIVE 📉📉📉📈 Expecting bullish price action on USOIL, as we are in a HTF bullish market strucutre, price fills all the bullish imbalances on D1 and H4, we have a h4/d1 bullish orderblock rejection + institutional figure 100$ for USOIL which is very important, we have also a lot of bearish imbalances that should be filled somewhere around 120 as price was very inefficent in that area, that area works as a magnet for the price. Fundamental Context on this asset is likely bullish, i will also attach market seasonality chart so you will understand that we are in a bullish cycle.
What do you think ? Comment below..
USOIL LONG ZONEFor More Daily Detailed analysis, go ahead and Click the Follow Button.
Here we have our US OIL chart..
On recent Market sentiment crushing fears of demand we have seen a rapid fall in the price of oil. This fall comes after sellers rushed in the market to sell it down..
This now allows buyers to swiftly enter at the current KEY technical level. We can look long until we reach some early resistance. We can further continue by scaling in and out of the market as it rises.
Use arrows/eclipse symbol for price guidance.
USOIL LONGS 📉📉📉📉 Expecting bullish price action on USOIL as price takes out weekly low liquidity, a lot of bearish imbalances are left somewhere around 120-115 price area price should rise to fill them ASAP. As market is imbalanced
USOIL is in a huge bullish market strucutre area on a HTF.
What do you think ? Comment below..
USOIL - OUTLOOK 11USOIL - OUTLOOK 11
It has been a very very slow week for us, only 138 pips profit booked and a 50% accuracy for our trades (4 taken in total). If you are struggling to trade these conditions it is through no fault of your own. Due to the impulsive moves the charts have no structure and we are fundamental led. No matter what analysis you apply it can be undone in seconds with one statement from Putin etc!
WTI closed bearish as expected and we should see further downside from here unless fundamentals drive it up during the weekend. WTI will be looking for it's next lower high which I think will be confirmed around 94.50. I expect further dips lower to fill the gap and these would be prime buy opportunities.
The current economic climate is just the beginning and I still have $185 a barrel clear in my sights.
There is not much more to comment as price from here becomes very choppy.
Make sure you use the link below to keep up with us!
USOIL - WEEK 10Traders I come to you midweek with outlook 10 for good reason.
I told members I would let the market move about at the start of the week due to the large bullish gap and impulsive moves. All FUNDAMENTLS have been called correctly and the most recent one which was the banning of Russian energy exportation, I wonder where this was written over a week before hand.
Next on my hitlist for fundamentals are:
Dollar targeted
New ATH
Deep world recession
Everything we predicted from a fundamental aspect has been seen and you can tell it's no coincidence!
Today I mapped out a bearish scenario for WTI which is coming through perfectly so far and now that we are seeing some real pullbacks we can start returning to technicals for guidance. WTI should pull back deeper and my eyes are locked in at $99.50 - $98.22 but I also can't shake the gap fill around $92.00. There is nothing to stop USOIL hitting the $92.00 as this would provide a huge buy region, a technical gap fill and as long as it didn't close below it would be a new higher low. Price isn't bearish as a new higher high was made before the drop off.
Your brokers, guru's and FX news places are all writing about how USOIL is sinking from 14-16 year highs and it's reversal time. 100% Incorrect, for USOIL to hit new ATH serious momentum is needed and large pullbacks would provide this. USOIL dropped due to inventory reports and this has been to prefect excuse to take profit on longs and get ready for the next set. Believe me when I say this $185 will be seen should no changes come from eastern Europe.
All this momentum has been driven by the war in Europe so why should some reports have should a huge effect. I said repeatedly price will be sensitive to any news due to no technical data being respected. With the ban on Russia energy export it is going to leave WTI as the monopoly.
This drop is an abnormality and we will take advantage!
Only one way to found out how and that is using the link below!
USOIL 128.00 6.36 % LONG IDEA * CONT. PTTNS & PRICE ACTIONHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
LOOKING AT THE USOIL
* The ENERGY is currently trading in an uptrend , just consolidated and rejecting at the base of this structure, fundametals went in and saw the ENERGY sour to $132 highs.
- Short term the pair is currently at the supply zone could go lower but looking for possible continuation with the bulls with evrything happening fundametally wouldnt be surprised to see a challenge of the 2008 high of $ 145.85 in the near future but well we are not there yet.
- The energy saw a break and close above a structure possibly signaling that we could see some continuation with the bulls.
- Looking for LONG entries on the THE CRUDE swing should all the rules of the formation be met but we might see some correction before this comes to play.
******* CRUDE OIL INVENTORIES TOMMORROW will definitely be interesting, the increase in the oil is actually MORE than expected @ -2.597 M which implies weaker demand and the energy could react BEARISH which support the idea of a correction and delay before continuation.
So lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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Mar 8, 22 Crude Oil TP Hit-Nice ProfitsYesterday I posted my Buy Order at 123 and price action just hit my Take Profit at 128 as Biden just announced he will probably sanction Russian oil later today. This of course spiked prices up huge in less than 10 minutes.
How high will Oil go? Not sure. But I'm out of this market for now. I will keep you updated if there looks like another trade opportunity.
Congrats to traders who followed this call - Enjoy Your Profits!
Stay safe.
Heiko
USOIL PERFECT ANALYSISMy coach/partner once told me, continue the quality work and not do it for views or likes, because Bees do not have to explain themselves with flees that Honey is better than shit... this proves a lot in my life, personally as a trader and as a stoic, my life have been Up and Down like the price action, but i am still heading in an up trend direction as my life pattern is forming higher highs and higher lows.. lol.
Usoil for the third year is a win, i am grateful to Team PFX