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Usoillong

Potential Crab Forming 🦀 (Short then Long) USOIL - Daily Crab is still valid price is moving nicely up towards the D point. However we had a big bullish push on the 27th that sent price into a consolidation leaving a large imbalance before price started to break to the downside again. We have confirmation for shorts using the LTF BOS etc, once the markets open, I'll wait for price to settle and then I want to see price fill this imbalance and trade from the OB, S/D zone up to towards the weekly highs! Such a beautiful zone of confluence! A++ trade if price gets there! Let me know your thoughts! ** 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.
TVC:USOIL
by benalistarfx
USOIL MARKET OVERVIEW USOIL OIL has opened this trading week with a bullish impulse, currently oil is fighting on a bullish zone which requires a lot of drive to break through the zone. With many bank holidays and coming up to the final few trading weeks of the year I see oil pulling back to gather momentum to take it to the next high when the markets get back into the swing of things after the new year. Oil has broken out of a wedge which also needs testing before the next move...I expect dips back towards 70.70 before we see the real move coming. I currently have a short running and the set up will be posted soon. I will not be longing oil until we see a large dip and clear rejections of 70.70. OIL should be bullish into Q1 and Q2 with the rise of inflation...get ready.
TVC:USOIL
by UnknownUnicorn33264805
1
Potential Shark Forming 🦈🦈USOIL - Potential swing down to the weekly support line covering off all imbalance etc before the bulls continue, (This move will keep price in bullish structure). I'm seeing a bearish channel forming on the hourly and price location lines up with good confluence for a potential swing down to those levels, we also have multiple BOS. I do have 2 better entries above the trapped liquidity but I'm not sure if price will break this line yet, if so I'll take the loss and re-enter with confirmation. Let me know your thoughts! ** 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.
TVC:USOILShort
by benalistarfx
US OIL stuck In a trendline resistance. Can it break out? The crude oil price has been on a steady climb this week, with two consecutive increases since the beginning. Today American market has not opened yet, but its possible prices will continue climbing even more tomorrow if they haven't already. But the crude price stuck below the trendline resistance nearly $75.30/barrel. The rise in crude goods is likely due to increased demand out east caused by cold weather and holiday celebrations—the recent production cuts between OPEC members like Saudi Arabia who want lower gas prices. At the same time, other countries need higher profits now instead of later when there might be fewer buyers because everyone needs fuel at some point or another-especially during winter months which require lots of road salt. From the current crude price, $75.30 is the total resistance area. Breaking above $75 will open the door for $85/barrel. On the other hand, as the market holds below the trendline resistance level, it may also correct a little bit to the downside. But fundamentally, I don't think it will drop a lot. It probably won't fall but a lot, but as a correction, it can test moreover $68. Note: Don't go short on Oil as long as fundamental factors support be a higher price, at least during this month.
TVC:USOILLong
by Gold_Trading_Expert
2
Potential Shark Forming 🦈🦈Waiting for a smaller pullback after a potential trap move towards the momentum line, then I'm looking to go long to the OB zone (There will be some resistance here) then price should break and continue towards the 1.13 then the Daily Supply zone. ** 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.
TVC:USOILLong
by benalistarfx
1
Potential Shark Forming 🦈🦈USOIL - Looking to go long today, price right now is in a trap zone (Buying at current level is risky) Unless you want to use a larger SL. I want to see a false move to the downside tapping the WL (Or getting close) before buying in (For the perfect scenario) It's a very nice PRZ with lots of confluence, we also have bullish PA on the HTF/trapped liquidity above. Will be USOIL for buys at the 66.70 level! ** 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.
TVC:USOILLong
by benalistarfx
2
CRUDE OIL / Seeking higher highsTVC:USOIL Let's say this first - I'm no expert and probably wrong . My trading experience is very limited . However I have followed the market fairly closely over the last couple years and today I had too much time to stare at charts. Let's look at the above chart that I haven't been able to look away from today. First chart in question is of WTI Crude Oil since the start of this year. Sentiment has been very bullish during this time with smaller dips developing into larger movements as we've moved towards the end of the year. These white trend lines however have held very well during this period. Volume profile (emphasis highlighted) would seem like there would be less resistance to go up than down. If there would be a sharp move down towards 58 or lower that would be a level where I would start to be more cautious and probably close most of my own positions at least for a while. This recent price movement has been very sharp and would implicate in my view either a significant risk for another lockdown/recessionary period (less demand) or a release of reserves / supply increase (more supply), both of which I think are possible but not that probable in my opinion. China real estate market would be the most obvious and likely source for a longer downtrend in all markets including crude oil, but it seems to be contained for now. Taking a closer look, overall there seems to be good amount of support around the price of this writing at around $66.4. Price action during the last 12 hours also seems supportive in my view, which I followed during the day. As a curiosity, the movement for the second period pictured has been pretty similar to the first one that started on 30th Nov. Again I have very little trading experience but this seems like a good time to be bullish on oil. Long-term I think that under-investment in oil production and infrastructure will prove to be a significant factor in driving crude oil price higher. Feel free to comment what you think. Trade safe.
TVC:USOILLong
by aukust
1