Usoilshort
US OIL SHORT IDEAHello Traders!
Hope we are all having a great profitable week.
We are currently seeing on US oil that the market has been very bearish for the past couple of weeks and we have seen a clear bearish order flow consequently.
Having that in mind, we had to spot our supply zone from where we have a strong bearish order block, waiting to see the retracement stop at that point and the new impulsive leg start immediately.
So here it is on our charts and we look to take full profits at the new lower low.
Cheers!!!
Under Cover Trading!
Swing Trading Simplified!
USOIL Short: Resistance & Bearish Engulfing Candle Rejection From Major Resistance
Bearish Engulfing Candle
US OIL not finish yet US OIL still has a correction of at least 30% ahead of it. According to the Elliott Wave calculations, we have seen the end of the correction of the superior 2 in April 2020.
Since then, US OIL has risen almost 20000% to the top. Those who were invested then have been able to take good profits. Unfortunately, these times are over. We saw the top at the beginning of the Ukraine war, in March 2022. Since then we are in a correction.
The wave (2) mostly builds up to the 0.618 Fibonacci, which is at $59.72 per barrel. Values to $40 and below are also possible due to the pronounced and steep wave 1.
Once the correction is extended, OIL will extend a wave (3) and surpass the current top at 125$ per barrel.
USOIL - Short from bearish orderblock ✅Hello traders!
⁉️This is my analysis on USOIL.
Here we are in a bearish market structure, so I am looking only for shorts. I expect bearish price action as price took out liquidity above previous weekly high and mitigated bearish orderblock.
Like, comment and subscribe to be in touch with my content!
WTI USOil Technical Analysis and Trade IdeaTaking a look at WTI USOil at the moment. In the video we discussed key levels of support and resistance, the trend, and potential trade opportunity. As always everything explain in the video, not financial advice.
USOIL Short 1 Hour TF Trade Plan: Short
1- Broke the Support Area
2- Made a new LH
ET: 80
SL: 82.62
TP1: 76.9
TP2: 74.63
USOil | New perspective for the week | Follow-up detailThis is a follow-up video on my previous analysis as a breakdown of the demand zone at the $83 area appears to be a bearish signal. In the next week, I expect to see the price move back into the $83 area where a rejection or breakout of this level might signal the direction of price action.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USOIL ! Trading within a important zone, long trade idea USOIL get support at 77 level and up, USOIL has a bullish form. But oil can't breakout resistance level, looking trading consolidation zone. We need to wait because above this level, the price may get rejection and down or breakout and up
Critical area for OILI mentioned before if Oil break 80 we will go to 75$
What to know now !
If oil break 75 and stay below it for 1day we will visit 65 and maybe lower but 65 is first target
If oil stay above 75 for one day so we will have pull up to 80-85 area
My analysis say we still have more down side and may visit 65
USOIL is in possible sell zone!!USOIL 4h Has broken down after creating a head & shoulder on the lower timeframe. Upon new opening, the price has formed a new bearish structure and again has broken down after a liquidity grab as soon as the market opens. Currently, price retesting the previous support as resistance on the local structure and rejecting that can give us another opportunity to sell WTI after our first successful trade as soon as the market opens.
Press the like button if you enjoy this content :)
USOIL Time to Sell After the break with force of a strong support and of the Vwap we will see a continuation of the fall of the price towards a demand zone
US OIL SHORTFrom where we left off last week oil just broke a major W1 support level. I am highly convinced that USOIL will create opportunities to short the market. Nevertheless, we will be looking to predict the market but will react accordingly as opportunities present itself.
Oil update I published before that oil still in down wave where it can reach 75$ area staying above will take us to new high
Bellow it will take us to 65$ as first target
Ill update late
Now our target is 75$ (sell)
GOOD LUCK
⁉️ USOIL - Market AnalysisHello traders!
⁉️This is my analysis on USOIL .
Here we are in a bearish market structure with clear lower lows and lower highs. I expect price to reject to take out buy side liqudity and to fill the imbalances above. After that, to continue bearish price action.
Like, comment and subscribe to be in touch with my content!
Strong drop in oilhello traders
I am interested in selling oil as soon as the price reaches the supply area, the trade is executed
US OIL SHORTFrom the W1 timeframe, we can see a double top pattern that successfully broken the neckline confirming bearish pressure. Also, last weeks WI candle closed bearish confirming sell momentum.
On the D1, we can clearly see that price pulled back after what looked like a head and shoulders pattern and after failing to break the neckline slumped back below support. This also indicates strong bearish momentum.
Finally on my entry timeframe the H4, we see the ascending wedge which broke and came back to support to resistance before heading lower.
WTI CRUDE OIL US OIL DROP MORE ?Hey traders! In the US OIL Market structure we see after drop of oil prices on 14 sep from 90$ per barrell price is now holding its support area which is 84$.
What we see in market structure?
Price breakout its market structure in 2h timeframe and show the selling pressure at 86$ which is very stong support for usoil now price again come to this level now as a resistance and respect this level/ also bearish flag formation also indicate that we see selling continuation in the price of us crude oil on monday market opening. Price is near its support and test multiple time and it show the weakness of support we see on monday and coming week/ this week also fed rates are coming so banks and institution smart money also looking for fresh data coming from US/
TECHNICALLY US OIL is showing selling pressure after the breakout of bear flag we go for the short position sell in wti us oil for the target of next pivot point support 82.40 level and next the low of 08 sep 81.36 level which is strong support we see in oil price. Our stop loss is in the monday high or the previous 2h candle high or above the 2h previous candle.
US OIL trickling..For more Daily Detailed Analysis, Go ahead and click on the follow button. Also if you have any questions, please do ask them!
Here we have our USOIL chart. We looked at this Asset short previously and we are now seeing a huge fall on the current Inflation fear news in the US..
The huge rally and high price has provided a Market Maker stop situation above previous highs. The price Also is a resistance area on higher timeframes.
We can now see a change in movement to the downside which is why we are looking to sell as price falls (see chart). We are bouncing off MA's currently on the 1H and will be looking to see price lower.
Exit zone is shown by the eclipse symbol area.
