CORN SHORTS 📉📉📉The same view on CORN as on WHEAT chart, we have a nice bullish market strucutre but looks like price is very exhausted and right now we should see a corrective movement down ito 700/600, we have a lot of bullish gaps on it's way and price should retrace to fill those.
On a long-term perspective i am still bullish based on the fundamental context.
What do you think ? ..
Usoilshort
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USOIL LONGS 📉📉📉📉 Expecting bullish price action on USOIL as we are in a huge bullish market strucutre from a technical perspective, look to ONLY LONG this asset. I will try to LONG it from D1 Imbalance area or 100$ institutional figure. From a fundamental perspective we are STRONG BULLISH during Ukraine - Russia conflict + market seasonality that is strongly bullish on OIL
I will switch my bias only if price will close below 90$
What do you think ? Comment below..
WHEAT LONG-TERM LONGS 📉📉📉📈 I just wanted to share with you the reason behind the big bullish move on WHEAT, Ukraine is the country that exports the most wheat in the Europe so the price will rise because of the supply damage. Also as we are in a RISK OFF market sentiment investors tend to buy this asset as they are thinking about PROTECTION both on money and themselves. I think we will see wheat way above 1200-1300$ if the military conflict it will continue. From a technical perspective we are in a clear bullish market structure as price keeps printing higher highs and higher lows
What do you think ?
USOIL LONG TERM SELLWith everything happening around the world especially what's happening between Russia and Ukraine it affects the prices of USOIL. We see price continuing to push up to either $136 or $140 before dropping to at least $40 in future. World peace is what we pray for and we pray that the war between Russia and Ukraine can come to end regardless who's right or wrong.
Crude Oil Movements With the strong demand for travel, unemployment back at 3.9% and less travel restrictions this is where we believe oil will trade.
Resistance Levels:
$85
$83
$77
Support Levels:
$66
$62
$60
$43
If we see widespread market selling due to what most are expecting a 15% correction or more, we can see oil fall below $60.
USOIL - LONG TERMUSOIL - LONG TERM
All you have to do is read the last USOIL outlook to see the all the market projections for the week came through within the first 30 hours of the trading week. OIL opened with a huge gap which will stay unfilled unless there are positive peace talks with Russia or other positive data come out for OIL.
To members I stated earlier today $185 is my next ATH target and we MUST cover this in detail as $110 is the last area of resistance before ATH so we are not far away. Day by day and hour by hour Russia are being shut off from the world and again this is becoming a financial warfare as this is the only way Russia can be targeted by other countries without being drawn into a war. Russia have been taken off SWIFT, NATO have said they won't be joining the fight and the support UKRAINE have received is in the form of weapons etc. Sound familiar? yes because it was all written before it happened.
From further research it looks as though Russia as been building a war chest full of finances in preparation for this (years in advanced). Sanctions were doing little until being kicked off SWIFT, Now Russia are raising interest rates to 20% as the economy is suffering and the Rubel is worthless. There stock market has closed and they are being shut offline from wifi, satellite's and airspace. Russia can survive these sanctions but it will come at grave cost for their country. There is one more power move which countries can come together and make to deplete Russia of any hopes of recovery. BAN THE PURCHASING OR RUSSIAN ENERGY.
Banning the purchase or Russian energy comes as collateral for other countries, although it would plummet Russia to a fifth world country it would have mass financial effect on the price of crude oil(WTI CRUDE) for the rest of the world. Supply and demand is the simple terms for it. Cutting from Russian gasses for EU countries would turn them to crude and this would further drive the price up and should this happen, remember this $185.12 and higher will be seen.
WTI (CRUDE OIL) is use to most things you can think of - Fuel, plastics, packaging, textiles and the list is endless. This would drive the cost of living up worldwide pushing us all into a deep recession depending on how long it all lasted.
Next checkpoints :
Russian energy ban
New ATH
Deep world recession
USOIL - WEEK 9USOIL - WEEK 9
At this moment in time it is absolutely pointless mapping any form of technical analysis on the likes of WTI, Gold and other pairs due to the heart breaking situation ongoing in eastern Europe. Everything written up regarding SWIFT has now happened (It was no surprise as it was the only way for the outside world to cripple Russia without war). This war has the potential to last for months causing chaos in the FX, crypto and stock market.
When the market opens we can expect large gaps in all areas so I will not trade Monday whilst the market catches up with itself. I will not go to deep into technicals because at this stage they have no validity. I have marked two dipping zones for WTI which I would be interested in taking longs from but I would be surprised if we even saw a dip. I expect WTI to enter back within the $100 per barrel in the near future.
From here out, it is simple///
Prolonged conflict, sanctions and negative reports will cause bullish impulses in WTI BUT on the other hand.
A break from conflict, sanctions lifted and positive media reports will cause bearish impulses on WTI.
At this moment in time we are all trading fundamentals rather technicals.
Crude Oil - Short!Crude Oil - On Correction. TVC:USOIL FX:USOILSPOT BLACKBULL:USOIL.F FXOPEN:XTIUSD EASYMARKETS:OILUSD OANDA:WTICOUSD EIGHTCAP:USOUSD FTX:USOUSD
USOIL 4hrs chart seems bearish trend ... but short term rebound expected up to $96 range and then the price is expected to decline.
Watch for the Invalid & confirmation levels... - HOWEVER, RUSSIA / UKRAINE SITUATION WILL DRIVE THE MARKET ANY DIRECTION!!! - So Analys everything before taking a position .
USOIL MARKET OVERVIEW WTI - OVERVIEW
WTI followed analysis perfectly and tapped $90.70 which was our TP 2 region for 365 pips. WTI saw the reversal back up from here but failed to break the HL and the daily closed fairly neutral. I am somewhat bearish and bullish on WTI.
As explained previously positive Russia news and Iran entering the market will cause a mass sell off and right now we are seeing some of the most bearish price action we have seen in a while all whilst Russia invaded but price failed to break the recent highs, what does that tell you?? It's all a show, bravado and likely nothing will come of it but any FUD will allow for manipulation.
Should Negative news on Russia (FUD) or the Irian and US nuclear fall through it's likely WTI will go higher.
Economies are struggling with rising inflation and with WTI as one of the most impacted commodities society and nations are feeling the burn to the point where it is not becoming unsustainable. WTI needs to come down to counteract this damage and positive media about Russia and Iran coming back to the markets is a perfect way to do this.
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US OIL MARKET OUTLOOKWTI - Market outlook.
Last week we did well on WTI taking some big trades and a few scalps, this week we have smashed it straight away. All projections have been followed to perfection and altered along the way when needs be. A new Higher Low was created in the bearish channel and we have secured over 300 pips today from this move. We are anticipating more bearish pressure from here but below 89.44 and we will see a swift move lower.
We are well positioned, SL at breakeven, 50% of profits already taken and now we can relax and watch the market do whatever it likes. In this climate WTI can go anyway which it pleases, fundamentals will be more apparent and will shine through before the technicals which is why we are taking profits and securing entries at breakeven.
As stated in the week 8 outlook this is an important week and would should get a medium-long term direction after this week. Iran entering the market and a peace agreement with Russia with sink WTI and start a bear cycle which is what economies will want as at the current climate the inflation is becoming unbearable.
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USOIL still has room to climb 🚀Hi Traders,
USOIL has been developing bearish price action recently which we were expecting a drop from the upper boundary of the HTF. As we know in trading, the market changes very quickly which we need to adapt our minds to look for all possibilities and looking at the current developement in price action, we can see price moving within a decending channel with a double bottom to push the price up one more time to around 98.0 or even 100.0 range.
Whats your view on USOIL? Leave a comment below and let's talk about it.
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USOIL - WEEK 8WTIUSD - WEEK7.
We have began to see some bearishness in oil now and it's causing issues within the market. Oil is more fundamentally driven rather than technically driven at the moment which is why we are seeing impulsive spikes on the charts. Oil has triggered a bearish channel in its overall bullish trend. Oil dropped today which was projected and made a new LL in the channel but this is now a confirmed LH in the over all trend. The candles show direction and it's very clear the bearish candles are much more aggressive than the bullish ones showing bears in control.
Oil has broken a wedge within the channel and looks to be heading up, I potentially will be shorting Oil should the correct set up present itself. I will be looking to see how the candles react with the trendline before I make any trades. The swing high now lies at the major line of 94.50-60 and this is where we will either turn bullish or bearish. I expect price to creep back into this region but I will wait for confirmation before entering anything as I expect some wild moves and fake outs.
Iran look as though they could be coming back into the market to dump a lot of their oil which would cause a mass sell off, in reality there is going to be a peace deal with Russia but inflation still remains a problem. Due to conflicting fundamentals and technicals I have no bias in oil right now. I am leaning towards bearish in the medium to long term but we need the media to stop scare mongering first.
Oil can go in any direction from here and when trading it you need to be willing to accept that should it go against you. I will be waiting for confirmation and upon a new HL made I will short.
Above 94.50-60 = BULLISH
Below 94.50-60 = BEARISH
USOIL TRADE PLANWeekly, based on what I've seen, they've already managed to break out.
As a result, I want to short this between $93.47-$94.22, with a target of $84-$85.
Any rejection between $84-$85 appears to be a good entry point for a trade to $100-$107.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
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US OIL MARKET ANALYSIS - WEEK 7WTIUSD - ANALYSIS
From the last post we can see that price has followed projections almost perfectly. At the start of the week we took a short which was stopped out. Unfortunately we were in the market to early but I am still happy to see that we can predict the moves of the book markers.
OIL declined due to easing tension with Russia but an agreement has not been met so price can still be volatile. We took a long from 90.80 giving us a total of 210 pips profit from where we took profit. Some followers are still holding for the swing. Above $93 and OIL will be bullish but below we can test the daily lows again and even dip lower to 90.20. 90.20 is the absolute maximum bearish threshold OIL can endure as any closes below it would change price structure.
On the daily OIL created a new lower high which is a good sign of more upside to come but again OIL needs to go above $93, if OIL does get above that region then $97 is the next target. I am currently assessing price and waiting for the next entry.
Any peace agreement in Russia and OIL will take a serious hit but inflation is still a driving factor at this point.
US OIL LONGUSOIL
USOIL closed very BULLISH and price should push further from the current location. Inflation and global tensions will keep pushing up the price until a significant drop is seen. I will look to short USOIL to its next buying location where I will buy. USOIL is wild and becoming parabolic again so it will follow its own chart structure.