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Usoilshort

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.
TVC:USOILShort
by Dak_Trader
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.
TVC:USOILShort
by naumanfx_
2
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.
TVC:USOILShort
by WillSebastian
17
USOIL MARKET BREAKDOWNUSOIL MARKET BREAKDOWN Last week was the stuff of dreams with USOIL pulling through for insane pips, GOLD pulling through for insane pips and GBPUSD giving us a modest bag! As stated last week were are simply following the USOIL down trend and it's working out nicely so far. USOIL dropped down to our bottom zone before pulling back, we did try to long this but after confirmation we couldn't get that little bit more of a dip which we needed. I have marked out the important zones for this week and it's important to note that $94.50 has been tested so many times on this timeframe and multiple others so I don't see another retest within this next leg down. Look at the very left of the chart on the white line. We can see this area actually acted as a decent support region but since we broke from it price hasn't really reacted much with this level so I would expect this to be the next zone we see resistance. As always USOIL can drop from the current zone and it rejected hard from $91.80 which makes me slightly sceptical of a push higher but my behind the curtains strategy is point towards $92.70-$93.30 as the true rejection region (I ALWAYS STICK TO WHAT MY STRATERGY TELLS ME). I'm sitting, watching and waiting for my time to strike.
TVC:USOIL
by UnknownUnicorn33264805
6