Get started

Usoillong

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