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Usoilanalysis

US OIL MARKET BREAKDOWN The above chart is USOIL on the 4hour and this should be the primary focus for the next two weeks. As stated in the last breakdown USOIL made a V SHAPE recovery which was bullish and sellers have failed to make a 100% retracement. We now have a gap close to the important zone of $104.60 and we can bet if price comes back up to this level to fill the gap it will break through and create that fake out scenario BUT price should go to the 78.6 fib which lines up very close to liquidation region which would be my ideal zone to short from. KEY ZONES • $111.60 - Swing high • 107.90 - Bearish below but bullish above • $104.60 - Significant support/resistance zone • $92.00 - Short below with strong closes below • $90.60 - Swing low • $86.90 - Next swing low target So, we have covered USOIL and we know it isn’t dropping to the very lows anytime soon and this bearish move we are seeing now is simply the correction from APRIL 2022. Now I’m not saying USOIL is bearish overall but it is in the short to midterm but we know that with the current economic state and conflict in Europe that price can go anywhere hard and fast. Ideally as USOIL is now bearish I would be shorting and now I wouldn’t be interested in a long until we have seen that $76-$74 region (Remember to trade the trend). USOIL could absolutely fall off to $86 from this current location but as you can see, I have more reason to believe we will have one more push up to wipe out the highs.
TVC:USOIL
by UnknownUnicorn33264805
19
Expecting a bullish setup USOUSD for the week of 18 July, 2022The daily chart shows we have solid support between 93.58 and 98.70. Recent price action with a long wick pin bar confirms my bias. As shown on my H4 chart, I am looking for a break above the trendline with a retest to confirm my bias and to go long. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management and stay patient in all your trades.
EIGHTCAP:USOUSDLong
by Trading_Vista
USOIL - A Recession in the not-too-distant futureCommodities super cycle is over? Or we are heading towards recession? Only Gold in the previous week gave some gains to their investors while the other remains in question Let's talk about the oil in particular amid to investors eyeing recession is not too far. Technically speaking, USOil is holding the 94 firmly while it made a inverse headnshoulder indicating more downside. If this range of 30$ is broken, we have a clear target and recession in not to distant than. Its important to see how Biden administration deal with OPEC countries about the supply and Putin-Salman talks. Where do you see we are heading?
TVC:USOIL
by TradeTrio
4
US OIL MARKET BREAKDOWN USOIL MARKET BREAKDOWN: USOIL started this week off and members knew that this was coming but I anticipated higher than the string supply/demand zone of 104.60 which has been a key point for USOIL in the past few months. Right now I see the follow, a "V SHAPE" recovery which is usually a bullish sign but also sellers have failed to make a %100 retracement of the bullish leg we saw at the start of the week and now we have a new higher low we and equal high. USOIL is bullish overall but it's currently having a correction which has been long anticipated, the key points to focus on in this current structure are $111.50 (SWING HIGH) and $90.50 (SWING LOW) so we have a very broad range of movement. From the roll overs we started off with a gap which I think will be filled before we see the next move down (gaps are usually filled before price breaks structure). Next week I will be targeting a long position form the bottom zone all the way up to $107.70 which if this goes to plan I will open a swing short. If $92.00 broke solidly on the daily before the gap fi;;ed then I would look to short that level. Didn't take many USOIL trades this week due to it's choppy price action, we took one long which was stopped out around 90 pips. Nerveless we move, plan and prepare
TVC:USOILLong
by UnknownUnicorn33264805
1907 USOIL will meet 1st resistance zone soonHello traders, USOIL is still on the trend up. And it will very soon meet the Resistance Zone 1 . I would like to see some rejection up there and take a chance to wait B to join the long trade again. But it is possible for it to test lower support zone before a new leg up. Now you should just keep eyes on the resistance zone 1 to see if any signal for rejection. You could sell if you got one selling signal there. Or just wait for a new buying signal down B to follow daily trend. GOOD LUCK ON THIS SIDWAYS PRICE ACTION. LESS IS MORE!
TVC:USOILLong
by FUNTRADER-Vera
1
Is #USO Breaking Out?Is #USO Breaking Out? # Crude #oil extended last weeks Friday’s positive close in trading on Monday as U.S. President Joe Biden’s visit to Saudi Arabia failed to deliver anything concrete. The trip was aimed at coaxing the Saudi’s to increase oil production thus easing inflation pressures. The response from the Saudi’s and other key officials reiterated the fact that production scheduling and/or increases remain with the OPEC+ consortium leaving President Biden without a deal. Sorry #JoeBiden
AMEX:USOLong
by fintechwire
USOIL - 240 MINS TIMEFRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument. Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments respectful. Thanks for your support....
TVC:USOILLong
by Tradelikemee
USOIL (SHORT) 🔥🔥🔥ENTRY OPPORTUNITY LIQUIDITY GRAB POSSIBILITY. Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
TVC:USOILShort
by Thewest-sidetrader
USOil | New perspective for the weekPresident Joe Biden on Friday said he expects further oil supply increases from Saudi Arabia to help lower U.S. gasoline costs after a meeting with the country's leader. Are we expecting to see a downtrend continuation on the charts or will there be a breakout of structure to confirm a reversal in price action? This video explains how I intend to take advantage of a trading opportunity during the new week. Risk 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
2
USOIL MARKET BREAKDOWNSimply does it; USOIL followed our last breakdown perfectly and turned very bearish below $107.90. We stated weeks before it happened and even called the reversal from the $121.00 to the current levels. Look back through our posts and you'll see that we have been calling for the $80-$90 for a while now and it's starting to come through. No one agreed with our ideas and stated we were wrong but it's funny to see everyone switch to our bias once it's too late. Follow us and detach from 99% who are wrong. WTI has progressively gotten lower and this is due to economical factors which again have been mentioned numerous times. The top blue zone is a massively important bear zone and today we slammed through it. Any retracements and rejections at this level and I'll be stacking shorts. I see USOIL falling from the top blue zone all the way down to the bottom blue zone which I think will come through sooner rather than later. WTI was in full swing bear mode from 2-3 weeks ago when we told you price would fall from $121 so expect the 99% to conform to the bear market conditions and start taking shorts (this is why I believe usoil will pullback to the top blue zone to create a false bullish break which again we will short). USOIL will follow this bearish path for MID term now with whales selling off their barrels but be assured this is not the end of the usoil rally, the bottom from this bear market will form the higher low on the over long term trend to take us back into the $100 and to towards our target of $185. I suspect the bottom will come in around $76 where I will be looking for swing longs BUT until then it's shorts. I highly encourage you ALL to read our usoil posts as it will show you this was all mapped in advanced and will widen your understanding of this post. SWING HIGH - 105.20 (return and close above will cancel this bearish run) BEARISH BELOW - 97.40 TARGETS - 92.50 / 87.50 / 84.50 / 78.40 AND 76.00 - 75.00 Stay tuned as we will be posting trades this week for all.
TVC:USOIL
by UnknownUnicorn33264805
4
USOIL | 2 Short scenarios | 15min Tales | Chapter 2Be aware this trading scenarios are based on the 15min chart. TLA1 is based on a recent Swinghigh that served as a strong resistance level. 1. Short (Orange arrow) Requirements: - Price falls below TLA1 - Price moves to S/R Level 1 or falls even deeper - Short opened on retest of TLA1 Target: Recent Swinglow aswell the next Support level (on that timeframe) S-L: See chart - i dont want to see a candle open/close above it 2. Short (Red arrow) Requirements: - Price goes below TLA1 - Price falls atleast to S/R Level 2 or lower - Enter short on retest of TLA1 Target: HTF Support level and first stop of the recent downtrend S-L: See chart - i dont want to see a candle open/close above it Good luck Disclaimer: - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
TVC:USOILShort
by a_tale_of_bulls_and_bears
2