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Usoilprediction

USOIL PRICES ABOUT TO SOAR ONCE AGAINPrice is obviously on a bullish trend on the Monthly Timeframe. I love to start my analysis from the higher timeframes. Price formed a higher high then proceeded to a possible higher low through the current retracement. Price is currently respecting a monthly orderblock in a bullish environment therefore I expect price to buy up into the Sellside Imbalance Buyside Inefficiency then to the immediate high as my overall target in the coming months all things being equal and provided the current trend is respected.
TVC:USOIL
by NonymousTrader_
2
USOIL - LOOKING FOR THE LONGUSOIL is looking like an expanding market about to complete 1-2-3-4-5 pattern - see purple. A possible reversal area is the 1.272 ext (82.52) of the last swing higher - see green This area is also a support area going back to January. We draw another extension from the last small move higher - see black - and judge the price action as it moves through these extensions. The 382 of the larger move higher is just below at 80.00 Somewhere in there can be ourrevrsal for a move back up to 100 mark. Timne to follow....
TVC:USOILLong
by enzenator
4
USOIL - 240 MINS TIMEFRAME USOIL The Structure looks good to us, waiting for the this to correct and then give us these as shown on this instrument (chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
TVC:USOILShort
by Tradelikemee
1
USOIL MARKET BREAKDOWNUSOIL MARKET BREAKDOWN Last week was the stuff of dreams with USOIL pulling through for insane pips, GOLD pulling through for insane pips and GBPUSD giving us a modest bag! As stated last week were are simply following the USOIL down trend and it's working out nicely so far. USOIL dropped down to our bottom zone before pulling back, we did try to long this but after confirmation we couldn't get that little bit more of a dip which we needed. I have marked out the important zones for this week and it's important to note that $94.50 has been tested so many times on this timeframe and multiple others so I don't see another retest within this next leg down. Look at the very left of the chart on the white line. We can see this area actually acted as a decent support region but since we broke from it price hasn't really reacted much with this level so I would expect this to be the next zone we see resistance. As always USOIL can drop from the current zone and it rejected hard from $91.80 which makes me slightly sceptical of a push higher but my behind the curtains strategy is point towards $92.70-$93.30 as the true rejection region (I ALWAYS STICK TO WHAT MY STRATERGY TELLS ME). I'm sitting, watching and waiting for my time to strike.
TVC:USOIL
by UnknownUnicorn33264805
6
USOIL MARKET BREAKDOWNUSOIL MARKET BREAKDOWN USOIL had it's bullish pullback last week which took full advantage of and we now have a nice little trade running. Someone left a comment on my last post asking if it was possible to drop straight down instead of pulling back, this was a great and valid question. This person was correcting in mentioning that and my simple answer is plan for both scenarios and stick to the most profitable option. If the trade isn't profitable, low risk and doesn't meet every demand of your strategy and analysis then DO NOT TRADE IT. The zones marked on the chart are the only zones I'll be interested in trading. USOIL is bearish so we now favour the short for overall trades and only look to longs for a quick scalp. We mentioned a while ago that USOIL was climbing too hard and too fast which was a major driver of inflation. We said the price of USOIL would have to come down to let the markets breathe before the next leg up. Unless Russia kick off big time then USOIL should be making it's way to $76 which is where I would look to load up on swing longs. Now lets focus on this week: Are broken and major support region has now been retested and closed below which is a good sign for our trade. I will not rule out one more retest or at a minimum a spike to $93.60 before we see the drop off. I look to carry this short all the way down to the bottom blue zone this week with around 900 pips profit as our target. Anything above $94.50 I will class as manipulation and I wouldn't short again until we were below UNLESS a good set up gave reason to short before. Members have been guided through this and are now sat in 280 pips profit!
TVC:USOILShort
by UnknownUnicorn33264805
6
USOIL MARKET BREAKDOWNHello everybody, hope you're all well and welcome to our weekly market breakdown We missed out last week due to being away for sometime but all our members were given a PDF to follow during our time of absence. Now USOIL is showing it's true bearish form and this has been the case for a good while now. Last week I expected USOIL to close the gap before making this move but this wasn't managed and we remain unfilled, this isn't so much of an issue but it's likely that we will not see it filled until the next long term leg higher takes place (Monthly/weekly timeframe). The blue zones represent daily and weekly support/resistance (most important) and the dashed white lines represent our interday support/resistance zones. I am looking to follow the trend and I want to get a decent short in from the marked location. This location is a significant resistance zone but also an area which is untested since the break. We took three trades this week due to us being inactive and only one of them won so we have ground to cover next week. Stay tuned for more!
TVC:USOILShort
by UnknownUnicorn33264805
4
US OIL MARKET BREAKDOWN USOIL MARKET BREAKDOWN: USOIL started this week off and members knew that this was coming but I anticipated higher than the string supply/demand zone of 104.60 which has been a key point for USOIL in the past few months. Right now I see the follow, a "V SHAPE" recovery which is usually a bullish sign but also sellers have failed to make a %100 retracement of the bullish leg we saw at the start of the week and now we have a new higher low we and equal high. USOIL is bullish overall but it's currently having a correction which has been long anticipated, the key points to focus on in this current structure are $111.50 (SWING HIGH) and $90.50 (SWING LOW) so we have a very broad range of movement. From the roll overs we started off with a gap which I think will be filled before we see the next move down (gaps are usually filled before price breaks structure). Next week I will be targeting a long position form the bottom zone all the way up to $107.70 which if this goes to plan I will open a swing short. If $92.00 broke solidly on the daily before the gap fi;;ed then I would look to short that level. Didn't take many USOIL trades this week due to it's choppy price action, we took one long which was stopped out around 90 pips. Nerveless we move, plan and prepare
TVC:USOILLong
by UnknownUnicorn33264805
USOIL MARKET BREAKDOWNSimply does it; USOIL followed our last breakdown perfectly and turned very bearish below $107.90. We stated weeks before it happened and even called the reversal from the $121.00 to the current levels. Look back through our posts and you'll see that we have been calling for the $80-$90 for a while now and it's starting to come through. No one agreed with our ideas and stated we were wrong but it's funny to see everyone switch to our bias once it's too late. Follow us and detach from 99% who are wrong. WTI has progressively gotten lower and this is due to economical factors which again have been mentioned numerous times. The top blue zone is a massively important bear zone and today we slammed through it. Any retracements and rejections at this level and I'll be stacking shorts. I see USOIL falling from the top blue zone all the way down to the bottom blue zone which I think will come through sooner rather than later. WTI was in full swing bear mode from 2-3 weeks ago when we told you price would fall from $121 so expect the 99% to conform to the bear market conditions and start taking shorts (this is why I believe usoil will pullback to the top blue zone to create a false bullish break which again we will short). USOIL will follow this bearish path for MID term now with whales selling off their barrels but be assured this is not the end of the usoil rally, the bottom from this bear market will form the higher low on the over long term trend to take us back into the $100 and to towards our target of $185. I suspect the bottom will come in around $76 where I will be looking for swing longs BUT until then it's shorts. I highly encourage you ALL to read our usoil posts as it will show you this was all mapped in advanced and will widen your understanding of this post. SWING HIGH - 105.20 (return and close above will cancel this bearish run) BEARISH BELOW - 97.40 TARGETS - 92.50 / 87.50 / 84.50 / 78.40 AND 76.00 - 75.00 Stay tuned as we will be posting trades this week for all.
TVC:USOIL
by UnknownUnicorn33264805
4
USO: Rubber BallLike a rubber ball, USO has bounced off the green zone between $77.92 and $79.69 twice and finished wave 5 in green. We now expect it to jump a bit higher still to finish wave ii in orange before dropping down until the support line at $67.68. There, it should rebound to complete wave iv in orange and resume the overarching downward movement afterwards, which should lead into the turquoise zone between $60.18 and $43.48. There is a 30% chance, though, that USO could jump above the resistance at $87.83, thus continuing the ascent instead.
AMEX:USO
by MarketIntel