USOIL adam bottom demand zone 82.40 for long8th September daily key reversal bar, made a new low closed in the middle. 9th September daily insurance bar indication for strength ahead. high probability for long opportunity from demand zone as 82.40-20 with half risk, may use remaining half% risk from 81.30, stop loss 80.50, target: 88.50
Usoillong
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....
2X USOIL 1D Tech. Analysis! (OIL BACK OVER $100?)While inflation has settled, the reason for inflation is OIL! It will hit double digits, if Oil goes back above $100. LET'S BE FR! we are in a RECESSION! it will last till next year the fed news and economy is not looking great at all! So, we will play oil up to $120, Don't be surprised to see Oil @ $200! ONLY TRADE OIL IF YOUR ACCOUNT CAN TAKE A HUGE LOSS. OIL is forming a possible TRIPPLE BOTTOM or a Possible Head & Shoulders, we will wait for confirmation, Execute & LOCK IN PROFIT!
USOIL AT 118$Contact me for private signal group with perfect entries.
Oil - Brent and Crude November futures have bounced in Asia trading currently at 93.85 and 88.00 respectively. Fresh lows for the week yesterday amid global slowdown fears and Chengdu lockdowns but those have abated somewhat with both now up around 1.5% on the day.
Today sees G7 finance ministers meet to discuss a Russian price cap which will obviously not go down well in the Kremlin. The official Russian stance is they will not supply energy to states that employ this tactic.
USOIL ! reversed to bullish sign long trade analysisUSOIL is headed for a strong bearish trend there is sign that this downtrend may be over. While earlier bullish, oil neared the 100 EMA, rejected strongly and down. But this time, the oil broke the 100 EMA and moved very strongly bullishly. Oil is currently trading at a level it previously strongly rejected. If can break this level and show growth, you can make a profit on long trades.
USOIL BULLISH hello big trader boys and big trader girls , this is my first idea on tradingview
after doing analysis on USOIL on the Daily T.F .
USOIL looks bullish to me we have a double bottom with a broken neckline and managed to break a really strong trendline i think that it will be bullish and we will see usoil on the 102-103 levels soon i would wait for a neckline retest before opening a trade .
this is just my idea feel free to share your view on it on the comment section.
make sure to follow and like for more ideas ;) goodluck traders lets make that money
USOIL, Bullish or Bearish?Hello Traders,
USOIL has been moving within a strong reversal structure since the end of June making multiple swing highs & lows indicating that we could see price breakout creating upside momentum soon or we could see a continue downward if price is unable to stay above the 90.40 level.
If price impulsively breaks out of this reversal stucture, I would be requiring to see a bullish continuation correction consisting of 5-6 candle sticks to validate a buy opportunity with my target range just below 105.00 level.
If we are u able to see a breakout and price pushes downward, I would be looking for a LTF reversal at the mid 85.00 range for another buy opportunity.
Thanks
Trade Safe
Might not short yet..Quick analysis for the next few days :
- Most of my indicators indicate a long
- The russian oil ban is still in vigor which means higher prices will probably remain
- Production hasn't really been increased
- China / taiwan situation
And simply
- It went down quite a lot lately and may need to go a little higher if it wants to go down THAT bad.
Tell me what you think, what are your bearish arguments on oil ?
👉 USOIL The main goal is to decline to support levels👉 USOIL The main goal is to decline to support levels
The emergence of an uptrend from a support level with a breakout of a downstream channel
❤️ If you find this helpful and want more FREE predictions on TradingView
. . . . . Please show your support
. . . . . . . . Click the 👍 LIKE button
. . . . . . . . . . . Leave your feedback below in the comments!
❤️ I use all my transactions in real trading in my account, my account has already reached Profitability:
1549.04%🙏!❤️
It's your turn!
Be sure to leave a comment and let us know how you see this opportunity and prediction.
USOIL Long: Bearish Butterfly, Tweezer Bottom & Fib ExtensionTrend: Upward
Candle Sticks: Tweezer bottom at the new LH.
Support & Resistance: Support at LH and Resistance at TP1 and TP2.
Fibonacci Retracement and Extension: Retracement level of the previous rally is around 0.6 and the next HH would be around 1.2-1.4