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Usoillong

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
TVC:USOILLong
by forexorbit
3
USOIL possible scenarios 🦐USOIL on the weekly chart is moving inside a huge descending channel. The price after hitting the 43 area got rejected until the weekly support structure. On the daily chart, the price was moving inside an ascending channel but couldn't break the weekly descending trendline. IF the price will manage to break above the daily resistance at 39.30 and consequently break the descending trendline we will set a nice long order. If the price instead will break below the 35.70 area again we will look for a short position. ––––– 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.
TVC:USOIL
by InkyGrip
1
US OIL BUY ON DIPOil has recently hit its new low. It has been following its support trend line the last 2 times. The resurgence of new highs of Covid cases has brought it down. Though this same news has happened in the past, we can infer that this time will not be as worse as the last couple of months in terms of the effect on the commodity. Expect it to consolidate a bit longer, then buy on the breakout. If you allot more risk, then an anticipatory trade is also an option. TP 1: 39.9 TP 2: 40.9 SL: 36.5 Good luck, I'd love to hear your thoughts on this.
TVC:USOILLong
by nacheetos
Oil to $41.2 again!WTI Crude Oil - Intraday - We look to Buy Last time we've had superb success with Oil, now we have similar setup. We expect an initial move lower to fail and look to set longs on a break back through 40.45. We expect a reversal in this move. Bespoke support is located at 40.45. Levels close to the 38.2% pullback level of 40.47 found buyers. We look to buy dips. Our profit targets will be 41.20 and 41.72 Resistance: 41.20 / 41.72 / 42.65 Support: 40.45 / 39.92 / 38.90
TVC:USOILLong
by Signal_Centre1