USOIL IdeaIf we look 4H we can see clearly that the buyers are slowly dying, if we look daily we can see that that trendline is holding pretty well, sell Oil thank me later !
Target 56.0
Usoiltrade
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.
FIGHTING WITH MYSELFMarked on the chart we have a lovely area of support, if you cant see this then give yourself a telling off and look again ( this normally helps me out, but then I answer myself back which turns into a fight... I always win though )
We are expecting some bullish movement this week from oil as we have bounced off this level and we are looking at bearish movement from USD CAD because you all know that USD CAD have a reverse correlation with oil rite ;p
This trade has been a long time coming and I have been sitting patiently waiting for price to hit this level ( not literally.. I do have a life haha )
If you like my analysis then leave a comment... if you think I'm crazy then you are not wrong, and if you would like to see how I can help you then send me a message. Now until next time I am off to see a man about a zebra.
USOIL trend analysis and strategy updateWe closed some of our USOIL positions in profit today. We have since entered a buy again as price action has retraced to 50/61.8 fib zone (blue). As a part of our strategy and risk management, we have set a stop 20/30 pips below red line with take profit on the green zone. USOI
LONG.. just how my wife likes it ;p Don't be rude!! I was on about how she likes her drinks LONG island ice tea ;p
Can you see why we are long on this trade? you should be able to figure it out as our charts are nice and simple.
Come and give us a message if you would like to learn this way of trading... we could teach a zombie to do it ;p
Clients will get a much more detailed explanation of this trade via video analysis so you can also learn from it.
USOIL Daily Analysis and Hedge StrategyCrude oil has found strong support at the yellow zone and we are predicting a bounce from here that will take us to our targets in the green. TVC:USOIL
Crude Oil (WTI USOIL) Short IntradayIt has been a rollercoaster day and oil seems to have finally stabliased but don't take my word for it as oil has a mind of it's own. The yellow lines are my TP lines. Enter and exit at your own risk.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
USOIL Harmonic Crab Pattern Analysis and Strategy UpdatePrice action has moved as we predicted since our last analysis. Major resistance was not broken and price action fell to start the completion of the crab pattern. We are continuing to trade the 4th leg of the pattern and our final take profit is set at the green zone. TVC:USOIL
USOIL Daily Analysis and Strategy with FIBONACCI LevelsCrude Oil is at a crucial point with price action reaching the yellow 70.8 Fib level zone which is a major weekly resistance. Here we are looking for a pullback in price action. The prior analysis with the AB=CD harmonic pattern is also still in play as a part of the strategy. TVC:USOIL
USOIL Harmonic AB=CD Analysis and StrategyWe see the completion of an ab=cd pattern on the 4 hr chart for Crude oil. The completion of the ab=cd pattern is in line with our short strategy and we have set our take profit on the green zone. TVC:USOIL
USOIL - XTIUSD - Short OpportunityUSOIL is unable to push higher up. It has a weak foundation as support and we can expect it to drop further down below to find a good support before continuing its long term bullish trend, if still strong.
Leave your SL above the last high for enough space to move before the breakdown below.
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!
Crude Oil bit more correction before a big SHORT tradeTVC:USOIL
Time frame: 4 hours
Trade idea description:
Crude Oil have been trading in a multi-days expanding channel, so far it is just few points away testing the top of this channel.
Over all trend is bearish and market is in a corrective structure, momentum on higher time frames is bearish as well, so keeping bigger picture in mind, i am waiting for this market to test the top of the channel where I see scope for MACD divergence, and fresh falls to be setting up. Stop and targets are mentioned on the chart.
All the follow ups will be posted under the update section.
Thank you for your support.
Trade safe and good Luck!
0131-USOIL Analysis.
USOIL
I told about oil long trend yesterday, and give two strategy for long position.
If you didn't get on the train, focus on the 54.14~54.20.
This trend will continue at least to 56.00.
Support: 54.14~54.20
Resistance: 55.20 / 55.75 / 56.08
Like if you trade, make Ideas or comments with me :D
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 has rejected its support many timesRepsected followers, as we can see that US oil is rejected it's support level many times because seller try to let it down but failed. Buyers are coming in the market, so be ready for big profit.
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
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.
US/OIL - My idea on the 4H Chart!After this pullback we could see a nice bounce to around 55.00!
Entry: 52.30
First target: 55.20
