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Usoilsell

USOIL weekly Market overviewUSOIL each and every time gonna reach this 20 level gonna be an important support area and we had a nice bounce from that level ,I mean 20's is a very old good number we need to go back all the way toward areas around 2001 to see such a price level so that's why it was a critical area here so BUY each and every dip toward this area because the risk and reward is amazing. we've got a nice trade on this first bounce from 20 we've got a correction and continuation now we are trading at around the 30 which is a key structure level at the moment because we have a structure area here as far as there is no break above it. you may get one more leg to the downside otherwise if we see a break to the upside as i marked on chart then we may be going and gonna try to test previous high so then oil maybe start establishing some kind of bottom for the possible continuation. so as I said if we push higher and then keep an eye 30 level after that is the 42.50 that is the key major level that been tested there many times that got broken lately , but that depends on how the opec meeting on Wednesday gonna give us a glimpse of what to happen next.as for now the price is back above 200 moving average on 1 h time frame ,since the break below it never broke above it but now we saw that we had a break above it and correction and a continuation is on the way, so next move if we break higher keep an eye on 30 level.
TVC:USOIL
by ForexCracked
2
USOIL EIA Crude Oil Stocks Change is included in the weekly report issued by the Energy Information Administration of the US Department of Energy. It presents the number of barrels of commercial crude oil held by US companies. EIA includes this report into Weekly Petroleum Status Report (WPSR) along with other information on supplies, stocks and prices for crude oil and principal petroleum products. It is a reliable source of current information on the energy industry used by manufacturers, press, policy makers, consumers and analysts, as well as state and local authorities. The report data describe supply and disposition of crude oil and petroleum products in the United States and large US regions. The report is compiled based on data submitted by all companies, which can store at least 1000 barrels of crude oil. They include: All pipeline companies (local and state), including interstate, domestic and local pipelines Crude oil producers (oil companies) Terminal operators Crude oil storers (except refineries) Companies transporting Alaskan crude oil by water in other states and the District of Columbia Increase of US crude oil stocks can indicate a decrease in demand for crude oil or increase in production. Such an increase negatively affects global oils prices, though it is a short-term effect. A downward trend is only formed in the market if crude oil stocks increase steadily for several weeks in a row.
TVC:USOILLong
by q12398
1
USOIL POSSIBILITY OF NEXT MOVE.In the name of Allah, the Most Gracious, the Most Merciful. we are doing Analysis of USOIL in 4 hrs time frame as you can see on the chart market is following Ascending channel pattern market has tested the Resistance line more chances is to market will follow our structure which I have drawn on the chart. IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY. HOW TO TRADE ON OUR SIGNALS. We Explain above you use that lot size whatever Capital you have. Let say, for example, you have 4000 Dollars Capital. We Posted Trade which has 4 Take Profit. We will use 0.20 Total lot size We will divide it in 4 Orders. 0.20 lot Divided by 4 Take profit = 0.05 Lot size. So we will open 4 Trade with 0.05 Lot size for each trade. Let See How We will do. 1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target. 2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target. 3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target. 4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target. Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry. If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target. If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
TVC:USOILShort
by Make_Money_Guru_Bitcoin
3
USOIL Weekly ForecastUs oil is currently at a major level of support around price 52.93. I also notice that it has touched this level 3 times so I’m expecting price to at least retest the trend line on h4 Time frame. If it breaks the trend line then retests as an area of new support I will open a long position until the next major resistance area which is around 60.69. If price breaks support then I’ll open a short position after confirmation to the next major level of support around 43.56.
TVC:USOIL
by AkilajFX