OIL is acummulating at the begining of the 5th bullish wave!!!Profit Target:
67.52
68.14
Stop Loss:
66.22
Have a nice day
Usoilprediction
US Oil possible counter tradeLooking at the Crude oil, though overall trend is bearish but i just see an intraday counter trade, risk is quite low at this point, i am looking to buy to see if it works out.
Trade Safe.
USOIL UPDATE - as previously analysedUSOIL should continue its bearish drop, but be aware of the possible wave structures that could develop
see previous analysis below
like comment and follow :)
Head and Shoulders Pattern on 1H chart $USOILHead and Shoulder pattern formed in 1H chart
Neckline got broken along with MA50 to confirm the downtrend
TP1 = 71.43 and TP2 = 70.40
USOIL near term downside target: $67.25Short Term running flat correction looks most likely. Downside target is $67.25 to $66.17.
If it starts to play out that way, it could turn around short of that target since it's running flat. But it looks pretty flat, and so I think the target makes sense.
Next move after that would probably be to the upside, but it could keep going down depending on momentum, fundamentals, etc. Have to wait and see what happens. Cheers -
USOIL - 350 Pips + OpportunityUSOil has broken it's 200 ema on the 4 hour chart and prices jumped up.
If it does find support at current levels, we can expect USOil to rise even further anywhere till 73-74.
(20180717) Be careful of inflection points!Hi ~ Traders!
It is wemoa of allaboutforex.net. Let me tell you about the market conditions of the July 17th Crude Oil.
Crude oil is currently in a trend of upward trend. But the price has been falling since the double-top pattern. Maybe it seems to have fallen due to oversupply concerns.
The oil is now standing on a big crossroads.
Will the trend be reversed at all or will the upward trend continue?
If the price rises again from the upward trend line, it will continue to rise again, but if the price breaks down the trend line, the market price may fall sharply. If you currently trade, it would be wise to enter the sell position
Whether you want to switch positions from the trend line or the inflection point of the trend should be watched a little.
To find out more information and market conditions
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USOIL TVC Crude Oil - Short Opportunity 6%+ Drop Potential!USOIL just impulsed from a large bear flag and appears to be forming a smaller bear flag continuation for a re-entry short position to go lower. Potential bounce areas are shown in ray lines. Position is confirmed with impulsive break from flag, set your order and tight stop loss right above the flag pattern. Position is invalided if pattern forms a downward moving correction. As much as 6% or more drop potential is here.
Crude Oil possible correction to setupMy last call on Crude smashed the target well above 1,000 pips, at the moment it is almost testing its multi months channel top, however trend still is very much strong, i am looking for a linear compression to be forming at the top of the channel. Expecting a correction there so I could look for sell setups, keep eyes on this market for a possible sell swing trade.
Happy Trading.
USOIL has Show buy signalUSOIL near key buy level
Take a look on Daily Chart, price bounced up several times from key level $72.86.
It looks like Big players don't want to move currency rate down.
I open buy at $73.15
S/L: 72.52
T/P: 76.23
P.S. If currency rate upper level you need to look how to open safe buy. Short we will be able to look if USOIL will move dawn and D1 close under: $72.44 ONLY.
Crude Oil-Possible reversalIn my previous call for shorting the crude for a target to 61.94, I was short at 66.94, banked half position at 63.89 today, but I am wary of the momentum to be turning around-which i quite likely signalling a reversal to be setting up. So I am looking to buy setups here but i need to wait for the correction before I put any order in. Keep an eye on this market. Good Luck trading.
Watch my previous ideas on Crude below this idea.
USOIL weekly overviewUS OIL weekly overview
Price broke up key level $66.26 on Friday. That changed situation. For this moment it is better to look for long on PullBeaks to $66.20.
As you see on chart price consolidated under key level after it broke up a key level from which price bounced many times on daily chart. It shows that big players want to move it up.
I will look for Buy near key buy zone $66.26 — $67.10.
S/L: 50 – 70 pips under entry point.
T/P1: $71.10
T/P2: $72.80
I think price can move up to key sell level $72.88. Near the level, I will look for Short. Also, if the price will break up $72.88 and D1 close upper it that will be a signal for continue of bullish moving.
USOIL Signal for short. The best place for open deal is near...USOIL broke down key sell zone $66,40
Few day ago OPEC announced that they are increasing production of OIL. That means price can continue to move down. The best option is look for short on PullBeaks. Key place for open sell is near $66,40. Meddle — term goal could be 4 — month low $58
USOIL Daily SetupOn previous week USOIL (WTI) broke dawn upward channel, because we had news that OPEC are increasing oil production.
Price technically could make a PullBeack to Sell zone $71. There we can catch Swing move down to key buy level $58.18
The best place for short is near $71. It is a place where price broke down channel. S/L set higher $72.
Under this post in comments you will see a link on my telegram channel where i post more free signals
Crude Oil Medium TermMy previous analysis for long crude at 65.74 for a target to 72.95, just hit 72.25, but still my stance is the same, price action remains bullish with succession of highs and lows and still within multi-months bullish channel, so far it is testing the top of the monthly channel, but still longer term momentum indicators suggesting scope for crude to visit higher levels. I have close eyes on this market, personally will try to build medium term positions on pullbacks. Anyway lets see how market moves on...
#USOIL possible h&s build upTVC:USOIL - possible h&s build up.. upper resistance is a stronger one. short order with a stop loss $67 i would say.
USOIL INSIDE THE WEDGE SUPPORT, WAIT FOR A BREAKOUT!MARKET ANALYSIS; As we can see from the charts, The market is now trading inside a Falling Wedge Pattern. After the successful completion of the Elliott wave structure, It has formed a wedge pattern. Now it is better for us wait for the market to break the wedge resistance, Then we can go for a buy and have a target's to the next supply zone. So lets wait and see what the market does in the coming weeks. Cheers!
USOIL - Long Idea - Clear and Concise Wave AnalysisUSOIL right now is at its most predictable.
Having completed most of the zig zag I thought I would outline the waves.
Having just finished Wave 1 and now a pullback in Wave 2 to .618 it is time to pull the trigger and put on a long position on with a stop below $55.75.
Target $84.59 or less.
Wave A is sharp. Wave C should slope slightly more than Wave A.
An algorithm can never see what a trained human eye can see.
Crude Oil Medium TermMy previous recommendation to short Crude for target to 50.08 is successful- However the intermediate trend remains bullish, price action is still in a multi-month bullish channel-momentum indicator are suggesting resumption of the uptrend. The current sell off is likely to find support near 50% retracement area which is likely a good area to get long for a steady setback towards my 100% projected area at 53.94 over the coming weeks or so.
Strategy: Buy around 48.70-49.22 for a target to 53.73-94, a wider stop below 47.69
