Usoilprediction
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.
Let me know if you caught 150 pips from my last oil trade?!Here is my next set up for oil. I have already taken some profit from the initial trade and I also still have some running. I am looking for a new entry as I don't believe the downside movement is complete yet!.
I have put in two red boxes where price could reject from but for me to enter again it would have to come back up to my zone!.
USOIL CRUDE OIL FUTURES LONG SET UP TO $44US OIL LONG DROP
P 39.54
S3 35.4 S2 37.47 S1 38.49 R1 40.56 R2 41.61 R3 43.68
CRUDE OIL FUTURES
TITLE : BUY USOIL
ASSETS : COMMODITIE
SYMBOL : USOIL
ORDER TYPE : (EP1) market
(EP2) LIMIT ORDER
TF : 1W
ENTRY PRICE 1: $37.98
ENTRY PRICE 2: $37.08
STOP LOSS : $36.20
TAKE PROFIT 1- $38.98
TAKE PROFIT 2- $40.08
TAKE PROFIT 3 -$41.98
TAKE PROFIT 4 -$43.08
STATUS: ACTIVE
US OIL TRADE PLAN !! WTI Crude Oil is ready to Drop !!US oil has a big potential to go down in the short period . Atleast thats what the chart is telling me. I predict Russia will not agree to extending the oil output cut, and that will start the crude oil falling . Just kidding Guys when I saw the market I knew that Crude oil will go down .
In my analysis you should take 40 to 50 pips or wait more to make more .