Usoillong
US Crude AnalysisBullish on the Crude
No reason to countertrend trade unless you have a tested system
that consistently provides a good RR. This 4hr candle is printing a new HH
in market structure. I anticpate 90$ before the end of the week. We have 4 more trading
sessions this week. We would like this 4hr candle to close with a top wick, so we have wicks to fill in momentum
WEEKLY HIGH vs WEEKLY LOW ✅I tried to show you in this example how i use weekly high / weekly low to spot intra-week reversals bearish or bullish.
Just look for a drop below previous weekly low and a bullish confirmation - intra week bullish reversal
Look for a rise above previous weekly high and a bearish confirmation - intra week bearish reversal
Plain and simple, have a great trading week. ✅✅✅
Potential Shark Forming 🦈🦈USOIL - Potential Shark Forming on a breakout of the channel after the previous break in momentum, price has broken structure on multiple TF's and we do have bullish confirmation for a buy on the LTF (If price holds currently level price will hit targets!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
USOIL UPDATEGood Evening guys;
Beautiful short taken by our community today...Falling further is something I expected as stated in my last breakdown. The drop was called and I said a "FREE FALL" will take place below 84.74 which is exactly what happened. This is no coincidence as we know where the market it going.
My bias hasn't changed on oil and I am still bullish and as we can see we have a nice down trend channel forming. Again the rise from $74 to $87 was called and then we would starting seeing pullbacks...You can't make this type of accuracy and knowledge up!
Oil is now below a significant resistance point which until it has solid closures above oil will continue to fall further, although we can see bulls taking back ground I still see $80.40-$79.88 coming through before we move towards $90 again. The market will be confusing for many but not for us, we know where the market is going and we know how to trade with the institutions. our sell limit wasn't met so this was changed to a sell order missing out on our TP by 12 pips but we were still able to secure around 250 pips today.
Fake outs to the $85.20 region are very welcome and I will look to short given the set up and conditions are correct but as soon as I see 80.40 -79.88 I will look to long.
Great trade.
Great result.
Great community.
Follow us to keep and use the signature for our trade updates
USOIL TRADE IDEASGood Evening guys;
Market open tonight and I am looking forward to see where oil will open...If you haven't read my most recent breakdown make sure you do so as it gives contexts to these two trades. It's not often I post the positions that I play on taking on trading viewing so I hope you enjoy these...We bagged around 350 pips by the end of the trading week and we look to carry it on this week. These set ups could change so make sure you are following us and use the signature down below for even more content.
Disclaimer:
This isn't financial advice and trading carries risk! Do not overleverage
USOIL Future Important Zone's To Keep An Eye On.#USOIL Analysis
Million$ Trades If Traded Safely And Wisely.
Crystal Clear Zones, In Need Of Price Action + Dont Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support. My Gift To All The Investors, If You Benefit Dont Forget The Support.
Disclaimer:
Buying OR Selling is your own decesion. This is just my personal view of the market for educational purposes.
US OIL MARKET BREAKDOWN USOIL BREAKDOWN;
OIL has been persistently bullish since 20/12/21 and has we can see on this 4hr chart there has been no pullbacks during it's rally, throughout my breakdowns a constant word has appeared (liquidity), the longer oil goes on without any pullbacks the violent the drop will be grabbing as much liquation as possible to drive it up further. Think of it like this right now is a train powered by coal, the train is constantly being fed with fuel driving it at 100mph but eventually this fuel is going to run out and the train will come to halt at platform and fuel will be loaded back up again.
Oil reached 85.47 which was marked out in the last breakdown and its another target hit, as I have stated previously oil is in a region on the charts where there is no slowing down until $87 region but again this could be smashed through due to the train analogy stated above as at this moment in time no one can be sure when the drop is coming, the only region I am comfortable shorting from is the $87 region but this would be done with caution and little risk.
The main factor driving oil right now is inflation but the tensions between Russia and the US could drive it even further. DXY plays a role in oil and a decline in the dollar can easily push oil higher as well.
Right now oil is a raging bull and its not to be messed with so it's a case of sitting and waiting for $87 before we make a decision. Realistically oil should be offering a pull back around $87 but nothing is certain at this stage.
USOIL 82.01 +0.93% LONG IDEA * CONTINUATION & PRICE ACTIONHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, THE USOIL ENERGY HAS BEEN ON A BULLISH RALLY WITH THE BULLS LETS SEE IF WE CONTINUE WITH THIS RALLY.
* The ENERGY broke above an ascending channel with strong momentum to the upside.
- Short term the pair has currently entered an uptrend on the 4h chart this.
- There is a historic supply zone to look out for on the ENERGY ahead which will serve as the target for this trade should the ENERGY continue upwards.
- Looking for LONG entries on the THE CRUDE this week should all the rules of the formation be met.
******* CRUDE OIL INVENTORIES IS UP IN A FEW HOURS UPON THIS IDEA BEING POSTED, the increase in the oil is actually less than expected which implies greater demand and the energy could react BULLISH.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Opening week oil breakdownOpening week breakdown:
Summary:
Oil closed very bullish and we can see by these price ranges that oil engulfed 2-3 day price range in a matter of hours. This shows oil has a lot of momentum even at these higher levels, as you can see from telegram I stated that we would push higher and the double top was false. Oil shows no signs of slowing right now and the real resistance zone which should show some bearish price action are the two marked zones at the top. I expect oil to hit these rapidly and have a correction. Oil hasn't really corrected since $67 so we are long over due one, I am not looking for shorts in particular due to the smashing momentum but I wouldn't be shy from $87. We have seen in the past that $87 as proved itself as huge resistance and price has ranged from there all the way down to $81, I expected a further dip to fill the gap as this would provide liquidity and false break to the down side. Trade setups are the follow this week in telegram for free members. Should the gap fill scenario playout I would look to long from the gap fill to $90.
I will be focusing on my levels to trade and scalp oil.
Bias:
Long
Closing
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1/16/22 DVNDevon Energy Corporation ( NYSE:DVN )
Sector: Energy Minerals (Oil & Gas Production)
Market Capitalization: 34.114B
Current Price: $50.39
Breakout price: $51.30
Buy Zone (Top/Bottom Range): $47.80-$44.40
Price Target: $56.20-$57.60
Estimated Duration to Target: 74-77d
Contract of Interest: $DVN 4/14/22 55c
Trade price as of publish date: $3.10/contract
US OIL MARKET BREAKDOWN OIL MARKET BREAKDOWN;
Happy Weekend traders I have seen quite a few have profited just from following my simple analysis and nothing makes me more happy than profits!
Oil closed extremely bullish and made it's way to a new weekly high closure...Oil had the push up as expected and even a little further, I did have a short set up but this was never taken as I did not have a confirmed closure.
Lets breakdown (technical) as to why oil pushed higher; Oil ranged for the majority of the week with fake outs to both up and down side but we knew it would really break up. This is due two simple reasons...1) Oil is bullish and 2) It closed above major support with bullish candles showing bears were weak. Oil will continue its rally into $90+ which I stated a while ago now. Oil is over extending dramatically and there is a market gap at 80.40 which I believe will get filled before we start pushing $90+, Once we get the gap fill then I will hold a swing long trade.
Many retailers were sucked into to consolidation zone and traded by shorting the top repeatedly only to get rekt by this move...I stated this was a false double top in my group. We were positioned and aware of what was to come.
I will try not to short oil for the time being due to it's bullish run but a sell off or data could cause a large drop in oil which no doubt will fill the gap and come back up...This is the move I will look for.
The arrows have marked at the scenario which I am looking for...these are really what you should focus on...the zones are;)
US OIL MARKET BREAKDOWN OIL has been moving mad the past couple of days and I've been loving it...to an extent.
Oil is prolonging its bullish move and it's becoming over extended so in the near future it will become very choppy and manipulative. OIl has ranged for a few days providing a false sense of security for retail who keep shorting the top. Oil will flash up to grab stop losses and will form it's next move. Oil will either find support and have a large rally or it will reject and plummet to 80.40 to fill the gap before going higher.
I would love to see a large drop in oil so I can position myself for 90$
US OIL UPDATEOil turned bullish and followed the bullish scenario...We took a small loss on this but SL were moved when we had the large dip so it didn't really effect us.
Oil is currently climbing and there is now no real resistance until 83.60-80. There is a market gap at 80.40 so I am reluctant to long at this moment in time in case of a fill of this gap before we move higher.
Currently watching the following...
Should oil dip and fill the gap then I will long to 83.60 but if oil reaches 83.60 first I will short down to the gap. Easy movements to watch and follow
USOIL INTRA-DAY SHORTS 📉📉📉Expecting bearish price action on this pair as price takes out PDH ( previous daily high) where a lot of liquidity is located from yesterday trading day, if price rejects with a M30 bearish closure then we go lower.
Perfect targest into PDL
What do you think ? Comment below..
US OIL MARKET BREAKDOWN USOIL:
As stated in the last breakdown oil should open and push back towards that 79.60 (I still feel we may hit this as the US session is still yet to open). There isn't much new to be added and my bias still stay's the same as last break down providing the technical are followed. (GO READ IT). I have taken two nice scalps this morning for some quick profit whilst I wait for the primary move to come through and I think it will play out as either two ways...
1) Spike to 79.60/80 upon US session opening and should we find major resistance then we will fall off quickly to the two marked zones, these will be my short targets.
2) Spike to 79.60/80 break through find support and continue the bullish trend.
I favour one but I am yet to enter short.