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Usoilprediction

US OIL is now BearishThis has been very steadily grinding downwards and is now entering a Bearish environment again. I think this will reject off the lower trendline that it broke yesterday, it is just below this now. From here I have set 3 targets for TP that can either be held or swing traded. If this does reject the trendline mentioned the SL can be just above this. I do think this could drop even further as indicated by the Fibonacci at 0.382 ($46.19) but it is very risky to hold a short and expect it to reach there.
TVC:USOILShort
by olly48
Oil Hedge Buy OrderOil Long Position Entry: $53.07 TP & RR: $54.12 (2.49) Stop Loss: $52.76 REASONS FOR THE TRADE If you followed my trade idea from yesterday, then you should have an open short position at $53.55. I was expecting a lower high, but instead, the price formed a double top. Our SL wasn't hit. Anyway, I believe a new uptrend channel has formed and in order to secure your profits from the short yesterday, I suggest moving your Stop Loss as well as considering a hedge long position. Should this trade idea prove valid, you will be piggybacking on the small uptrend until we reach the upper channel. If it turns out to be invalid, then part of your short order will cover the losses for this long. Stop Loss is under the lower trendline and the target is set at the upper one.
TVC:USOILLong
by Quant_
OIL ON THE DECLINE - BACK TO 50% DECLINE @$32Oil has started to form a double top around the $53 region with a key fib level of 0.786 @ $51 being broken recently and the price will most definitely return back to it. I'm anticipating a big drop, either immediately or via a delayed move back down to the 0.618 fib via H&S which if broken could see a drop to the 0.5 fib @ $32 acting as strong support. With the pandemic ceasing to let up and the new strains emerging, aviation being severely limited and Biden who is keen to deviate away from oil going forwards, there is only so much a vaccine and OPEC cuts can do but having said that, I still have my shorts open from $46 which haven't gone to plan. With a new short at $52 opened, I am hoping the long-term awaited correction will occur. Leave a like if you agree or feel free to comment. Happy trading all!
FX:USOILShort
by bhavik3691
MTF killer zoneThis MTF Killer Zone, its drawn when yesterday or the last period closes, it so powerful . The way I use it is buying and selling as a support and resistance zone (but its not support and resistance analysis) or at a retest when it break, and if its not touched by the price today or in the current period ... than the zone will be still valid for any time in the near future (3 to 4 days or periods in this example). You can use it as a target if you already have an open position in the market, or using a time frame for entry and another for target. I can send for you on request different time frame the MTFkillerzone, such as weekly and monthly also good for yearly. I recommend to use it only major pairs, also any other financial instrument ( Commodities , indices, bonds, and equities) . Enjoy the setup please! :)
FX:USOIL
by ghattas360
US OIL SHORT UPDATEPlaying out to perfection...We got well into 200 pips profit at one point but pull backs are happening and have not secured any profit yet (pull backs happen with every trade). Providing a third opportunity now to enter another position. I wanted to go into the lower time frame to show how well my levels have worked but it just makes the chart look messy. First entry taken @ 47.72. Stop loss breakeven. Second entry taken @ 47.33. Stop loss breakeven. *****Third entry will be taken @ $46.72***** with my stop loss above $47.33 Let me know if you took the trade!. Give me a follow...4 more until 100! love the support.
TVC:USOILShort
by XHRISTIE
2
US OIL SHORT UPDATESo I gave the initial call around two weeks ago explaining a manipulative push upwards which we watched happen last week. I gave the short call on the wick which gave us only 4 pips draw down before swiftly moving into profit (can't ask for much better than that). After posting again I gave the zone below "47.33" as another entry point to stack another position. We have come up to tap that perfectly today which again gave us 1-2 pips drawdown before moving off. I do not see any more room for further upside movement now and I believe we will head into a bearish week. $44.00 is my first real profit taking zone (bottom of the channel). Follow my page as I will soon look to create an educational video on how to trade USOIL to this precision. Looking to hit 100 followers soon, I appreciate all the support!.
TVC:USOILShort
by XHRISTIE
4
USOIL WTICRUDE - Massively Profitable Trade!2021 is going to be your most profitable year of trading because of the economy reopening, offering major opportunities in the market. Now is the most important time to learn a consistently profitable strategy so that you are ready to take part of all the major wins that will continue to be available in the market. Please make sure to "like" and "follow" me to learn how to avoid common mistakes and losing trades, and become a consistently profitable trader. USOIL, WTI is MOSTLY impacted by fundamentals. Key levels only serve as entry and exit points. Fundamentals will destroy chart patterns any day of the week in this specific market. We caught a really good move this morning with a buy order that we had in place.
TVC:USOILLong
by nassimettaki