a buying opportunity on Crude Oila strong breakout of VWAP with a large volume on the volume up down
a very important buying opportunity
Usoillong
Tristar pattern on USOIL 15 minute chartHappy Friday oil traders! I just noticed this Tristar on the 15 minute chart for USOIL. I had never seen 3 dojis in a row so I had to look it up. According to my reference, a Tristar is 3 doji candlesticks that appear at the end of a run, either long or short. They typically indicate a change in direction. Considering the decline in oil today, maybe this is an indication of some upward movement. If so, trade with caution, and use your stops accordingly. Trade safe, and have a great weekend!
USOILPrice tested the flip resistance. The market is currently printing a descending triangle consolidation pattern. Possible price action patterns indicated.
BLACK GOLDLOVE IT AND HATE IT.
Oil is going to go into a steady decline.
No interest in trading it unless it hits $39.00 or $34.48.
Already called the first drop.
This is my overall long term bias.
If it does reach $34.48 I will be looking to hold long for 2-4 weeks.
My ultimate TP zone is just below $50.00.
USOIL ::: BullishExpecting us oil to go long in 3 hr. time frame.
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Nice 3 bar indicator for buyHello oil traders. I just saw this 3 bar set up. It is usually a sign that price will continue in the current direction. In this case it looks like oil should continue up. I am now expecting to see a mid-$41 price range. May make a good day trade as well. Remember to trade responsibly.
wti crude oilthis thing is going long ... I would jump in if my account was large 10.00 lot size .. 100,000 in 2 days
The first wave of Wave 5 is going to be readyDear Traders,
According to my last analysis the downtrend of USOIL is over.
The details of waves in M15 is shown in the chart.
Wave C will have 5 waves to up and then this will be wave 1 for uptrend and market will pull back to create wave 2 and then wave 3 will begin.
Good luck
USOIL 43.23 - 0.3% LONG IDEA * TREND & STRUCTURE CONTINUATION Hello Every-one
Here's an idea on the USOIL which broke above the ascending channel structure currently rallying to retest the descending triangle structure which could possibly be signalling continuation with the bulls so targeting continuation of this move with the bulls on oil.
let's see how it goes
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 43.62
TP 2 - 44.25
SL - 42.83
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long term Crude oil Until mid of 2021 Crude oil will decrease toward 27$ and after that long C will happen probably. this long C will reach at least higher than 100 $ per barrel. Maybe in future of crude oil too many of oil producers will bankrupted and quit market.
Do you have any TRADING related QUESTIONS?Price is currently in a good BUY zone, this area has previously been used as strong resistance which has now turned into support, so i am expecting bulls to step back in and push price higher from here. If you do take a trade from this you can keep a tight stop loss because if price did break such a strong support then it has the potential to fall some way.
Nice and simple setup that most people could find if they didn't over complicate thigs all the time!
If you would like any help trading or have any questions then just message me and i will be happy to help.
US OIL MAY CRUSH IN THE NEXT WEEKS ( TIME WILL TELL ) Please share with me your thoughts about it
Regards
OIL HURRICANE SURGE|BREAKOUT LONG|TRADING PLAN|
The Mexican Gulf Hurricane that is expected to have a massive impact is yet another addition to the 2020 mishaps collection.
Anyhow, the refineries, oil/gas hubs and the extraction facilities are shutting down for an unknown period of time, and then the scope of destruction will determine how quickly the market recovers.
Oil, having recovered from it's recent downfall, has been reluctant to go higher, being unable to break the horizontal level. The demand was limited by the lockdowns and the sharp drop in the number of flights, with the aviation industry being one of the biggest consumers of oil products.
All these factors have been suppressing the price and the hurricane might just be the trigger that helps the precious liquid to break the chains and go higher, to at least R2, possibly R3.
The lack of any meaningful demand, however, will likely push the price back closer to the R1, but it will be the support, then.
TRADING PLAN:
You can either go long now, expecting the bullish breakout wave, or wait for the clearer breakout and then go long from the pullback.
I am in the first camp, as due to the reasons above, I think that the rally will be short lived but intense. SL below the red line. 3:1 5:1 risk reward.
Trade the idea with call options if you can! Gives better risk reward profile, in my opinion, as you don't need to wait for the breakout this way.
Thank you for reading, like and subscribe and have a nice day!
Need to close the gapHappy Friday oil traders! What a roller coaster ride we have had this week! Looking at the 1 hour chart, it looks like if oil can stay above the red resistance line, then I believe it will move back up to the green support line. This could be a day trade, but will probably extend into next week. If oil doesn’t close above the resistance line, it will probably descend to the next support level. Trade cautiously and have a great weekend!
USOIL LONG POSITION OPPORTUNITY As price has been consolidating, for a long time, it has formed an ascending triangle (higher highs, higher lows). Enough is enough, so planning to go long as soon as the tales/wicks are filled on the junction with ascending triangle. Also planning to add once it breaks out and retest the top area. 2h-4h-1D timeframe.
USOIL Long PlayUSOIL looking perfect for a long
Huge rejection of the 78.6 as well as a higher low on the 1H timeframe.
The prior wick indidcates some strong buying pressure from the region below and a long makes a lot of sense.
Stops just below the prior hourly wick, take profit at $44.
Hope this helps.
USOIL 42.27 - 1.09 % SHORT IDEA * ASCENDING TRIANGLE STRUCTUREGood Day Everyone
a look at the USOIL that just saw a rejection at resistance level 42.51 which has seen many touches looking to the left and currently just broke the 61.8 % Fibonacci on the monthly chart looking for a push down before continuation to the upside.
Coming down to the weekly and daily chart the energy is trading in a ascending triangle looking for a break below structure to trigger the trade should we see significant moves to the upside with the bull's or basically a break above of this structure the trading plan changes completely.
let's see how it goes
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
***ENTRY** & SL - FOLLOW YOUR RULES
TP 1 - 42.22
TP 2 - 41.30
SL - 43.30
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
