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Usoilanalysis

USOIL ! Is this the end of the oil down ? long trade idea.Oil prices have fallen in last few weeks, but the bullish trend continues for a long term. If USOIL get shows a support at the level of 74.20 and bullish forming, I open long trade. Why oil is still bullish ? 1. World oil production rose 790 kb/d in August to 101.3 mb/d, with a strong recovery in Libya and smaller gains from Saudi Arabia and the UAE offset by losses in Nigeria, Kazakhstan and Russia. From August through December, growth is forecast to slow, edging up by just 280 kb/d to 101.6 mb/d. In 2022, global production is forecast to rise by 4.8 mb/d, to 100.1 mb/d, and by 1.7 mb/d in 2023 to 101.8 mb/d. 2. Geo-political events The geopolitics of oil and gas can be viewed as resulting from the balance between supply and demand, which affects the power dynamics between energy exporters and importers, energy security, and the military strength of major powers
TVC:USOILLong
by YertuntsTrader
16
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 :)
TVC:USOILShort
by ForexWizard01
Oil Analysis - updateG'day all, hope you're well. Well, looks like the EMA theory I mentioned before turned out to be correct. Check out my previous posts for the low down on that if you like. The price fell through the 55 EMA (yellow) and failed to get back above it, or at least hold above it. In theory, the next stop should be the Sasha Grey EMA, or the 200 EMA if you wanna be technical and politically correct. This would make plenty of sense as it would line up with the W pattern's neckline, which happened to be the .618 when measured from the last high before its formation to the next logical low (dotted Fib retracement on the left), which also turns out to be the 0.5 Fib retracement of the overall move if you consider a 5-wave count from the Covid bottom to the peak. A great technical retracement for those of you who go by Gann theory. That being said, the .618 Fib retracement is still below us at around $50/barrel. Could it actually hit there? Who knows. If this pop ends up being anything similar to the 2008 pop, then yeah, it could. In my shitty opinion, if it does dip that low, I'd bet that it would get bought up pretty quickly. On the weekly chart, it would likely end up looking like a wick, possibly a reversal type candle such as a dragonfly doji or something similar. Point being, I doubt prices would hover around there for too long before greed sets back in. We'd also have to take into account the WEF's push for green energy, weaning off of fossil fuels, worldwide recession...all that stuff. At the risk of sounding like a conspiracy theorist, it really seems like they're pushing HARD to make their agenda a reality. There's evidence of this worldwide at this point and they have been pretty publically vocal about it. So it could be possible that even if oil prices fall to these levels, fuel prices may remain high as part of their push for a "greener world". Let's leave aside the debate of how EV's can cost more in the long run and be just as or more polluting to the environment. Regardless, these elites see an opportunity for creating a bigger profit margin, more control and more economical/social status division, so I highly doubt they'd ditch all of that and take the moral high ground to improve affordability for peasants like us :) Well, that's my 2 cents worth. TL;DR: Price action fell below the yellow 55 EMA and now we're looking to be on top of Sasha Grey at around $64 - $70/barrel. Giggity. Stay safe all!
TVC:USOILShort
by Shifty-Ifrit
USOil | New perspective for the weekOn a weekly basis, we have witnessed how the price of oil fell for a fourth straight week to incite a risk of a further decline in price action in the coming week. However, I won't be jumping to conclusions considering the current structure as we need to look out for significant signals that will guide our actions during the new week. withRisk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
TVC:USOILShort
by darcsherry
1
WTI CRUDE OIL US OIL DROP MORE ?Hey traders! In the US OIL Market structure we see after drop of oil prices on 14 sep from 90$ 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
USOIL PRICES ABOUT TO SOAR ONCE AGAINPrice is obviously on a bullish trend on the Monthly Timeframe. I love to start my analysis from the higher timeframes. Price formed a higher high then proceeded to a possible higher low through the current retracement. Price is currently respecting a monthly orderblock in a bullish environment therefore I expect price to buy up into the Sellside Imbalance Buyside Inefficiency then to the immediate high as my overall target in the coming months all things being equal and provided the current trend is respected.
TVC:USOIL
by NonymousTrader_
2
USOIL - LOOKING FOR THE LONGUSOIL is looking like an expanding market about to complete 1-2-3-4-5 pattern - see purple. A possible reversal area is the 1.272 ext (82.52) of the last swing higher - see green This area is also a support area going back to January. We draw another extension from the last small move higher - see black - and judge the price action as it moves through these extensions. The 382 of the larger move higher is just below at 80.00 Somewhere in there can be ourrevrsal for a move back up to 100 mark. Timne to follow....
TVC:USOILLong
by enzenator
4