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Usoilprediction

US OIL MARKET BREAKDOWN Oil is following analysis very nicely...slowly but nicely. Due to the new year coming in and trading just getting back into the swing of things we can expect consolidation and low liquidity in most pairs until the ball really starts rolling. As mentioned in my last post I have expectations for oil in Q1 and Q2 but we need a liquidation region to push to the accumulative zones and I expect this to come sooner rather than later. When I post I am not telling the market where to go I am simply trying to predicts it future movements so I can be prepared to take the trade when the opportunity arises (NEVER TRY AND TRADE THE MOVEMENT YOU PREDICT...MARKETS MOVE ON THEIR OWN ACCORD). Oil has broken its consolidation and retested with a rejection which is a good sign. Oil usually has big spikes and long wicks in its corrective move and that's what I'm waiting for...Oil can easily push 79.70-80.30 which sits just outside the true trend so I favour this as a short region. We can't rule out the possibility of the purple zone this is a major liquidation so I will keep my eye on it. I will watch and wait for rejection and then take my shorts down to the 75-74 region hopefully gaining 500 pips profits. Feel free to drop me a message.
TVC:USOIL
by UnknownUnicorn33264805
5
USOIL Potential Head and Shoulders FormationUSOIL made a massive move after the pandemic and it's now moving in a range. It's currently trading in the resistance zone. Based on previous price action, it seems like it will complete this Head and Shoulders pattern over the next few weeks. But it's quite possible that it will continue its move upward after completing this pattern because there are fewer chances of a breakdown. This analysis will be considered wrong if it touched 78.30 level before completing the pattern. Thanks! Best Regards, Trade Like Pros.
TVC:USOIL
by TradeLikePros
8
US OIL LONGOil has consolidated for the first week in the new year and we are starting to see that push higher which was our favoured scenario. Now we need to wait for oil to finish this bullish push...Due to the large head and shoulders pattern retail will be shorting and shorting and the whales will be pumping for liquidation. I am expecting moves into the the $79-80.30 region which is where I will look to short the corrective move which will come into play. Any economical events could drop or push oil so I will stay weary...ultimately I will be expecting oil to push 90-100 this year (Q1 and Q1) targets. But I'd like to see a dump first for an accumulative drive up to achieve those targets. Follow me to stay update and keep your eyes peeled. Feel free to DM to see how I can help you!
TVC:USOILLong
by UnknownUnicorn33264805
UUSOIL LONGS LONG-TERM 📉📉📉From a long-term perspective USOIL looks like a good buy from 63-64 area, we have a bullish market structure on a HTF, price just made the retracement back into bullish orderblock d1 an important area of supply for the price in that area closing the bullish imbalance as well, price left a lot of inefficiens in the past that should be closed in the future, price should be magnetize back above 70$, that's my long-term perspective long term meaning 1-2-3weeks. What do you think ? Comment below..
TVC:USOILLong
by AnonimFXRO
9
USOIL SELL TRADE IDEAHello everyone, if you like the idea, do not forget to support with a like and follow. We do have a W pattern formation on the Weekly. We can expect a rejection to the downside, and we still didnt see the retracement to the 0.382 so a deeper correction does seem possible On the daily, we can see an ICI strategy and is currently testing previous daily support which it has tested 2 times and now currently testing as resistance which if we see a candle closure below this support. Taking the fibonacci on this daily impulse we can see that the market has retraced back to the 0.618 golden ration taken on this daily impulse. On the 4H time frame, we can see the area is acting as support, while MACD is below 0 but EMA's have just slightly cut for long, so if the market manages to cut below this support, EMA's will cut for short, so the break and shift of the environment, on the retest and when EMA's line up with structure. Stop loss is above the high or above the 0.786 of the fibo on the impulse and take profit on the fibo on the daily retracement. Trade Signals SELL Entry: 81.04 Take Profit: 77.11 Stop Loss: 82.33 Good luck! All Strategies Are Good; If Managed Properly! ~FX_SHIFTER
TVC:USOILShort
by fx_shifter
USOIL LongMy view of USOIL . Potential long opportunity. I am a bit late with this idea and it’s a bit minimalistic and quick but it will hopefully do. After a pullback down to our PBA 1 and respecting the consolidation area , I’m expecting the price to come back up to the top of the consolidation area . Double bottom on 4H is also confirming the long idea. After a clear break of the consolidation area we can expect another upside move. Entry is at 81.898 . Stop Loss is below current low and below a possible pullback area . Stop Loss is at 80.547 . TP is at 86.660 . Overall we are in a uptrend and without breaking the uptrend structure , we will keep looking for buys at pullback areas . If we don’t come down to our entry, take a smaller position due to risk being higher. Keep in mind prices may vary from broker to broker. PARAMETERS - Entry: 81.898 - SL: 80.547 - TP: 86.660 KEY NOTES - Overall we are in a uptrend and without breaking the uptrend structure , we will keep looking for buys at pullback areas. - Respecting the consolidation area - 4H double bottom confirmation Happy trading!
FX:USOILLong
by BANDZTRADES
2