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Usoilshort

Perspective on UsoilHello everyone A warm welcome to this channel which is called Stoic Markets, Stoic markets provides technical perspective on numerous trading pairs whilst adopting the stoic philosophy. We adopt the stoic philosophy and in-cooperate it into the financial markets for two reasons. The first reason is that the markets are beyond our control so we must refrain from for any attachments to the outcomes which can happen. We refer to outcomes as indifference's, for example we can lose or win, we don't chose which outcome we can obtain but leave it to the fate beyond our control. Obviously we prefer to win rather than lose such as we prefer health to illness, we call this preferred indifferences. Story; The archer can do everything within his control to hit the target, from strenuous training to the selection of adequate weaponry but despite this, there are still variables once the arrow leaves the bow. The shooting of the bow is in the archer’s control but the arrow colliding with the intended target is never guaranteed. This is analogy is perfect for trading, you can learn every pattern, every formation, technical outlook, trick and tip but regardless of this, the moment you fill that order you have to accept that you can miss the target. We hope that gives you a good insight into how we operate, with that being said let us focus on usoil. Firstly the USA, announced not long ago that they would begin stock pilling oil at $70, we can see that oil recently dipped to that level and bounced back up. this is dangerous for high oil prices as the USA has set a floor for the price of oil. It's possible we will come and touch this support level again but it should hold if that's where the USA are buying (Of course they can afford drawdown) but with China's demand increasing and UAE cutting output, it suggest that our only direction is up. Let's gaze up on this chart, the foot (support) and the peak (resistance) have been placed, these are historical points of price action from the monthly timeframe throughout oil's existence on trading view and they are very relevant to the price action we see now, the lines are daily supply/demand zones and the shaded area is an area where liquidation can be found. Usoil is in a ranging market and currently falling from an immature trendline, depending on social economics it looks possible that Usoil could fall. Seen as the USA are buying at a support region of $70, I would not disregard this from happening but it's more plausible to consider a new higher lower could be created in the shaded area as it's in-keeping with an uptrend and the trendline. We are new here but we know we will not disappoint so immerse yourself within the world of STOIC MARKETS.
TVC:USOIL
by STOIC_MARKETS
1
USOil | New perspective for the week | Follow-up detailThis is a follow-up video to my previous analysis on US Oil commodities where we scooped close to 2,000 pips profit to start the year on a profitable note (see link below for reference purposes). Tagged the worst trading starts for a year since 1991 - The US Oil posts its biggest weekly loss in a month after reversing gains prior to the U.S. nonfarm payrolls event where it drops by 10% to close below the $75 level. Since testing the $73 level on Wednesday, price action has been caught within a tight two-dollar channel between the $75 and $73 range for the latter part of last week's trading session to signal a level of indecisiveness in the market. This video illustrates a technical perspective on what to expect in the new week as we look forward to either a breakout or breakdown of the channel for signals. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
3
USOil | New perspective for the week | Follow-up detailThis is a follow-up video to my previous analysis on the USOil where we closed the week with close to 2,000 pips profit (see link below for reference purposes). Despite the drop in oil prices in the last couple of months to worries of recession, there appears to be some sort of recovery last week as prices climbed to close the week with a 4% growth. Could this be a reflection of renewed activities from China (the world's largest importer of crude oil) after the government relaxed COVID restrictions? Well, In this video, we looked at the charts from a technical standpoint where the importance of the current structure was emphasized as we look forward to trading opportunities from around the confluence at the $74 area in the coming week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
2
USOUSD short … for the week of 19 Dec 2022US Oil (WTI crude) has been steadily making its way to the downside since the past 6 months. This has been a clean downtrend, respecting previous structure for the most part and I do not see any reason why this would change. I am looking for a pullback either to the minor level in the 77.60 area or even to the major level in the 82.00 area. If some bearish price action (on a lower time frame) becomes evident, such an event would provide a good location to join the down trend that is likely to follow. Targets are located at supports at 71.50 and then at 66.50 regions. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
EIGHTCAP:USOUSDShort
by Trading_Vista