Oil Repeting Pathern?We know how istitutions and people in general are moved by emotions, and chart partherns most of the time
will USOIL behave in the same way?
There are few events in the Economic Calendar for the next week previewing a rally on the dollar, which may cause Oil prices to plunge a bit
Usoilsell
USOIL-SELL strategyWe are in a triangle formation and the base is $ 95. The resistance is $ 106.50 rounded.
Based on stochastic and MACD we are negative and I feel we have a great chance to see lower levels and to test $ 95.
For now SELL current 103.00-104.00 but place stop-loss at 107.50 for now to be on safe side.
Profit order @ 95 and on break re-sell and place stop-loss 98.75.
USOIL-SELL strategyWe are close to breaking below the cloud, and stochastic are negative.
It starts feeling heavy and am inclined to continue to believe in lower levels.
we should see re-test $ 92-90 and maybe even $ 84. Strategy is SELL current levels $ 102-105 (yesterday even $ 107). Stop-loss same $ 111.50.
USOIL- SELL strategyNo change in view, and as suggested we should be adding you our SELL we had $ 102-103.
The SMA strength indicator turning lower indicating we are weakening in trend and that buy side is not strong. The MA we broke through as well as note.
I suggest stop-loss above $ 111.50 for now. Profit order $ 89.
USOIL-SELL strategyNo change in view.
Someone commented stating its going up again. Perhaps they are right and I am wrong, but that makes the market of course. We are still below cloud levels and the signal line of Ichimoku starts moving lower indicating there is pressure to downside.
The SMA strength Indicator is weakening and also we are below 9-MA period. Since the trend overall has been downward since the peak, it means we should be continuing this trend, and that is why sell @ 102-103 was my levels for selling. Further add SELL @ 108.50 and place a stop-loss @ 111.50 for now.
USOIL-SHORT strategyWe have managed to move little higher from the lows $ 95. The strategy should be changed, and take profit current $ 101-102 and start a short position is the way the pattern starts shaping up. The SMA strength indicator has a broken negative 9-MA period, and this suggest furthe consolidation and since we are on the lower end of it, it is likely we may see lower again.
Fundamentals have not changed, and for that reason I felt we buy earlier @ $ 95.
The regression channel has been violated, and we are below the cloud and resistance $ 111. (rounded).
For now SELL @ 102-103 and add further @ 110 and place stop-loss above $ 115. we take profit at $ 83-85.
USOIL LONGS 📉📉📉📉 Expecting bullish price action on USOIL as price takes out liquidith below the weekly lows + rejects a bullish orderblock area on H4. We are bullish from a fundamental perspective in my opinion. The targets for this week if we have enough volatility would be somewhere around buy side liquidity area 109.000 old highs liquidity.
what do you think ? Comment below..
USOIL for the SellSo Biden is saying that they’re going to release oil into the US market for the next 6 months.
So what that tells you is we’re going to be selling usoil for the next 6 months. Coming Monday you’re gonna have its retrace.
And it’ll come up once and this is going to be your base period pattern on the daily for the next 6 months.
Liquidity Grab Then Imbalance Fill? USOIL - Looking for price to take out the liquidity its currently building by wicking into the low before rising to fill imbalances and the gap above.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
USOIL LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on USOIL as we are in a bullish market strucutre on a D1/H4 market strucutre premise, price filled a bullish imbalance on h4 and rejected a bullish orderblock that should act as a valuable area of ,,support, if you will. We have strong bullish momentum, and i hope for a strong bullish closure on H4 that could sign a potential reversal.
What do you think ? Comment below..
USOIL LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on USOIL as we are in a bullish market strucutre from a H4/D1 perspective, price is rejecting right now a bullish orderblock area on H4 this area could act as a valuable area of support if you will. Another reason why i think we go higher from there is because price has a lot of bearish imbalances near 120$ area that are still opened price could be magnetize there to fill the price inefficiency.
What do you think ? Where we go next ?
USOIL-SELL strategyNo change in view.
I have preference in SELL mode only @ 115-118 and sell further $ 123-125 or higher.
The overall condition is mixed, but market is slightly long at current levels, but not extreme. the danger is that we spike a little upwards on any negative news that can happen any time.
Just be careful and manage leverage for positions, and scale in in the move up.
USOIL-SELL strategyIt feels that we may see higher before down again. For that reason I prefer SELL strategy at higher levels.
For now, I suggest SELL @ 116-118 and will add again @ 126-128. It is a medium-term view and position. The daily chart is no eventful and feels ranging and upside potential. I do not wish to venture long right now.
Profit order when we get short should be $ 93-95 again.
USOIL-SELL strategyWe should be starting our SELL sooner than later I feel.
The likely hood of going beyond $ 120 is lessening, but of course we should treat it with care.
For now the strategy suggested is:
SELL @ $ 115-117 (but only a mere 10% of your desired position size).
ADD SELL @ $122-123 an other 10% of desired position size...
then we watch and review the situation. Profit order initially to be $ 95 again.
USOIL-SELL strategyThe earlier by $ 93-96 level ($94 in fact) worked out well and profit was taken at 105.00
Now am starting to look into SELL strategy, but will await further upward move of price.
I feel we should be starting our first SELL @ 117.50 and add 125 once again. All low leverages. The profit area $ 93-95 range again.
USOIL LONGS ACTIVE 📉📉📉📈 Expecting bullish price action on USOIL, as we are in a HTF bullish market strucutre, price fills all the bullish imbalances on D1 and H4, we have a h4/d1 bullish orderblock rejection + institutional figure 100$ for USOIL which is very important, we have also a lot of bearish imbalances that should be filled somewhere around 120 as price was very inefficent in that area, that area works as a magnet for the price. Fundamental Context on this asset is likely bullish, i will also attach market seasonality chart so you will understand that we are in a bullish cycle.
What do you think ? Comment below..
USOIL LONGS 📉📉📉📉 Expecting bullish price action on USOIL as price takes out weekly low liquidity, a lot of bearish imbalances are left somewhere around 120-115 price area price should rise to fill them ASAP. As market is imbalanced
USOIL is in a huge bullish market strucutre area on a HTF.
What do you think ? Comment below..