Usoillong
USOIL on a range move 🦐USOIL on the 4 h chart is moving inside a daily ascending channel.
After the last impulse until the resistance structure at 49 retraced at the 0.5 Fibonacci level.
The market started from there a range move.
IF the price will move up, according to Planctont's strategy we will set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
US OILCalled this lovely long last week. I stated a drop in oil would come back towards $47 as this was major support and once this had happened we would carry on towards $50 which we have done perfectly. I am bearish on oil for the start of this year due to the continuation of COVID. I could see oil picking up in Q2/Q3.
I believe oil will start ranging for a while between $47.70 and $50.50 with spike into $51.50 before reversing back down to low 40s even touching high 30s.
My trades usually take around 7 days to come through as I don't aim for 10 pip trades, I aim for high profitability...320 pips caught in a day!
No mess on the charts. Plain, simple and effective. Of course I don't get every trade right that's why I post everything with nothing to hide...you can look back and see BTC did nothing in accordance with my analysis. It's important traders show the full picture to avoid toxicity and false presentation to new comers.
USOIL RETRACE T0 BUY ZONE 47.3 - 47.5 BEFORE RECOVERING...Expecting crude to gap down to 47.3 - 47.5 level to met the diamond buy zone. Price will climb to 48.8 - 49.5 level, possibly a bit further to 49.6. For price to continue uptrend, we expect a pullback to 47.7 - 48 zone and then buyers to push the price back up to extreme level 51.5. Beyond that it's probably a big jump down the cliff to the 30's...
The calm before the storm...
USOIL - CRUDE OIL - Buy - H4 ChartUSOIL - CRUDE OIL - Buy - H4 Chart
USOIL - CRUDE OIL Continues upward
Please support the idea with a Like 👍
Follow me to receive updates of this analysis, plus new ideas ✅
Thank you for your support 😊
Wishing you successful trading 🙏
------------------------------------------------------------------------------------
🔺 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.
------------------------------------------------------------------------------------
The Crude Oil expectations during the next days.Hello,
Here is my first idea about the crude oil tendency. Keep in touch to be informed about other futures and stocks ideas.
For today's Idea, it seams that oil will continue to bullish, but we need to make sure after the next candle, so if it breaks the green support line very strongly, we can expect a lowering of the prices, and it is a selling signal.
USOIL WTICRUDE - Massively Profitable Trade!2021 is going to be your most profitable year of trading because of the economy reopening, offering major opportunities in the market. Now is the most important time to learn a consistently profitable strategy so that you are ready to take part of all the major wins that will continue to be available in the market. Please make sure to "like" and "follow" me to learn how to avoid common mistakes and losing trades, and become a consistently profitable trader.
USOIL, WTI is MOSTLY impacted by fundamentals. Key levels only serve as entry and exit points. Fundamentals will destroy chart patterns any day of the week in this specific market. We caught a really good move this morning with a buy order that we had in place.
$USOIL Testing a New-High Annual Pivot @ 49.838: STILL LONG$USOIL broke a previous resistance point at 45.66, and it is holding support 46+, even reestablishing a center point of a previous trade channel which was very bullish.
This is a good time to be long on $USOIL related positions, such as $HAL and $LBRT, especially. Both gained nicely today.
Best,
BDR
ridethepig | OPEC, Oil and everything in-betweenA quick chart update here after reaching the 4th wave targets in a retrace;
Buyers now have a definite advantage going into OPEC; an extension of the cuts will be enough to open the position towards $50. But the advantage is only tiny, as we are back at the previous breakdown from our long-term macro charts:
OPEC now need to play the desperation moves with precision and genuine artistry. In my books, a master-stroke from Saudis with Iran noise there in the background incase a diversion is needed to complete the flow.
Thanks as usual for keeping the feedback coming 👍 or 👎
OIL 9.55% jump was expected from August high levelUSOIL
*********
⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
—————-❇️——————-
Detailed analysis 💬
1️⃣ Positive vaccine hope-major boost in energy demand
2️⃣ Demand driven recent upward rally
3️⃣ Break and retest happens around 40.00 ( Psychological level )
4️⃣ 44.00 Upper side resistance - Minor Key reversal area
5️⃣ Successful move out of the ranging territory
6️⃣ August high - 43.79 immediate support for bull
7️⃣ Technical support - Bull
8️⃣ 48.00 will acted as key reversal-bearish
9️⃣ June, September, October months low's forming a lower side trend line
🔟 Possible swing target-48.00 Key reversal area
*️⃣ Reverse Parabolic move-Slowing of the momentum
#️⃣ Overall trend - bullish
—————-❇️——————-
📉 Technical bias-H4-Bullish
Price is above 50,100,200 Exponential moving average
50 Exponential moving average will act as support-Bull
Ichimoku cloud -cloud is still green -Cloud supporting the bullish trend
Bollinger band- Price reached around the upper side of the band and middle band is acting as bullish support
Relative strength index - Reached around 50 neutral area 50- Will act as support for bullish trend
MACD -Turned red and fell below the signal line ,oscillators are crossed and pointing downwards
Stochastic - Reached around 60- Oscillators are converging pointing downwards short term fall back expected
—————-✳️——————-
Key reversal area's
44.00 Psychological level/Dynamic support & Resistance
43.79 August month high
48.00 Key reversal area/psychological level
41.86 October month high
4.39 September month high
43.00 Major psychological level
38.00 POC area
43.79 Support level/Possible entry- Bull
48.00 Psychological level/Alternative bearish entry
—————-✳️——————-
Bullish entry #oil #usoil
Entry price - 43.80
Take profit 01 - 45.00
Take profit 02 - 46.20
Take profit 03 - 48.00
🚫 Stop lose 42.30
⬆️ 9.59% Growth expected
⤴️ Account growth 2.05: 9.59
✅ Risk reward ratio 1 : 4.7
—————-⚜️——————-
Push the like button , And cheer up if you found useful
WTI USOIL still bullish on higher timeframesCrude Oil is still looking bullish on higher timeframes before a major resistance ahead.
The indicators are showing buy signals on the daily timeframes and 3 days chart.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Finally $USOIL showing Steam to Surpass 40/b; RETEST OF 43?The relative high post-COVID SZN (Defined by March 20th to the present time) can now be played as a LONG...
The support @ 40 is much stronger than in previous runs, and perhaps the manipulation of trends by heavy day trading has now promoted the buy points.
Note: That is pure speculation. But isn't everything?
Good luck out in this jungle.
-BDR