USOIL IS READY FOR NEXT MOVE.In the name of Allah, the Most Gracious, the Most Merciful.
USOIL IS READY FOR NEXT MOVE.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
Usoilsignal
USOIL Possibility of next Move."In the name of God, the Most Gracious, the Most Merciful"
USOIL Possibility of next Move.
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Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
Usoil Trade Setupas long as I closed my short now looking for a long trade :) both bullish bat's and bullish butterfly's PRZ are same
USOIL found a good support at 61.8USOIL found a good support at 61.8 fibonacci level. I'm expecting a uptrend target next structure.
USOIL Harmonic AB=CD Pattern Analysis and StrategyWe have resumed trading crude oil and in our most recent analysis we see the formation and completion a ab=cd harmonic pattern on the 4 hr chart. Price action has also reached a major support zone at the completion of this pattern. These bullish technical indications signaled us to take a long position; which has already started moving in our direction. TVC:USOIL
U-soil daily downtrend returns?!Good morning all. I'm currently looking at U-soil for a nice swing trade to the down side. Currently we have broken our daily trend line from December swing low and failed to find buying support around my marked zones. I will be looking to enter a short on the retest of 55.50 - 55.75 area covering short back at January lows.
Any ideas or concerns?
Cheers.
Crude Oil Double Top - Possible Short NOWIn my previous analysis I mentioned watch the top for a possible short, So Price action tested the top of the expanding channel, tried breaking out but failed, leaving a double top here.
It has broken down the trend line so I am executing my shorts here.
Trade Safe!
USOIL (WTI) - Bearish Minor 2 - February Wave Counts - Part 4USOIL (WTI) labeled in a corrective sequence in Minor 2 (green), which appears to unfold as a sharp correction.
A bearish impulse would be expected before WTI could bounce back.
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Many pips ahead!
WTI Crude OilIf this candle (4-hour chart) will close below the black trendline, is very likely that the WTI will fall until the area $ 49.40/49.50. The stop loss, in the case, at $ 52.65/52.70.
USOIL - Bullish WedgeWe are currently in a Bullish Wedge which means I expect a breakout to continue the Uptrend somewhere this week.
USOIL - Retest of the Uptrendline? USOIL made a good rally up after making a 1,5 year low of 42.35. How ever I expect a small drop to around the Uptrend line. If the Uptrend line won't be broken we could see another pump to the Resistance level of ~54,20.
To be updated
US/OIL - Trading plan next week (Long)At the end of the week we closed at a very good support level of 52.00-52.20, as you can see in the charts there are multiple touches with this support/resistance level.
I'm going to open a order for monday.
Entry (order): 52,05
TP1: 54,15
TP2: 55,30
SL: 51,70
USO long, possible setupRSI+ROC have not been this low since early 2015/late 2014
Forming reversal candles on the weekly chart
SRSI and RSI+ROC are starting to curl up
Horizontals marked are the S/R levels to watch for possible rejections and bounces
Prices of each level are on the right side of the chart
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Possible trade for USO
Buy $11.11
Stop loss $10.46
Ultimate target $16.26
USOIL possibility to bullishRespected followers, USOIL rejected its support level many times since last week. In this case we can assume that USOIL will go up from the current market price to defined price on chart. Reward ratio is too much big 1:10.
