US OIL MARKET BREAKDOWN Here I am breaking down oil and what I see to come.
My bias of $54.40 still stands
Usoillong
US OIL MARKET UPDATETook a very quick but small loss but I am back on the long trade.
In this video I breakdown what I see happening next
WTIUSD or Crude Oil or USOil Long IdeaWTIUSD or Crude Oil or USOil Long Idea from our strong Support Level.
Trading Levels : »53-52 | 51-50 »Risk=0.5point | TP = 54.5
Fundamental Imp—As predicted more stimulus talk $1.9 Trillion by Biden push OIL in bull mode from our levels, next TP=54.50/56.00
PREVIOUS RESULT—Enjoy PRECISE LEVEL1=52.2 to 53.8=1.6point gain=24hrs
Oil Double Bounce and Up - Long PositionOIL BUY ORDER
Entry: $52.71
TP & RR: $54.66 (4.88)
Stop Loss: $52.31
REASONS FOR THE TRADE
If you followed my trade idea from yesterday, then you know that I was expecting either for the price to bounce from the lower trendline and then start trending up or break through it and take a deep dive down. While the position is still profitable and you may choose to keep it open, here I am suggesting another alternative of how price action may develop.
I think the price will start zig-zagging around the support level, do a double bottom and then start trending up towards the upper trendline from the channel we already defined. The Market Flow indicator turned green, which in my trading system is an indication to close short orders and look for a long one. Those of you holding the short from yesterday may choose to hedge that trade with a long from that level.
The Stop Loss is fairly close, so feel free to adjust it if you are worried it will get hit (especially if the spread on the exchange you are trading on is fairly big).
Crude Oil Futures Long, 15 minute chartOil is an an uptrend right now.
Hence, we can see 3 long positions on the chart.
Trade 1 is the riskiest trade of the three. It runs up to resistance on the daily chart.
Trade 2 is a moderate risk trade at perhaps a better entry price.
Trade 3 is the safest long and is about 1.4/1 R/R.
(T.P.) Take Profit = $54.13 (except trade 3 which would be $53.21).
Look for an entry reason - a buy signal before entering, good luck!
USOIL Multi-Time Frame analysis Hello traders , here's USOIL ANALYSIS . As you can see we have a continuation pattern structure.
it looks like price in long-term is bullish if that's the case keep an eye into this potential trade, let me know in the comment section what do you think about this trade.
Many reasons : potential order block, trendline structure breakout and retest , continuation to the upside pattern and also a strong risk on sentiment. price can potentially use the zone as a demand level to move the price to the next potential zone. I will be looking to execute a long trade in the gray zone
US OIL MARKET UPDATEHers is what I see coming up for OIL in the next few weeks. Hope you and enjoy the video and find it useful.
USOIL on a range move 🦐USOIL on the 4 h chart is moving inside a daily ascending channel.
After the last impulse until the resistance structure at 49 retraced at the 0.5 Fibonacci level.
The market started from there a range move.
IF the price will move up, according to Planctont's strategy we will set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
US OIL UPDATEQuick update on usoil...
We are still pushing higher as predicted and looking very like to come to our short region...Due to the bullish candles I have highlighted I believe this will come through in a few days time.
Big things to come for 2021 so follow this page.
US OILCalled this lovely long last week. I stated a drop in oil would come back towards $47 as this was major support and once this had happened we would carry on towards $50 which we have done perfectly. I am bearish on oil for the start of this year due to the continuation of COVID. I could see oil picking up in Q2/Q3.
I believe oil will start ranging for a while between $47.70 and $50.50 with spike into $51.50 before reversing back down to low 40s even touching high 30s.
My trades usually take around 7 days to come through as I don't aim for 10 pip trades, I aim for high profitability...320 pips caught in a day!
No mess on the charts. Plain, simple and effective. Of course I don't get every trade right that's why I post everything with nothing to hide...you can look back and see BTC did nothing in accordance with my analysis. It's important traders show the full picture to avoid toxicity and false presentation to new comers.
USOIL Position Trade Analysis - Scale In Looking to add onto my current trade with another opportunity. Oil seems to be setting up for a bullish run. Just need the proper fundamentals from the OPEC meeting this week and the confirmation from Daily and 4hr.
USOIL RETRACE T0 BUY ZONE 47.3 - 47.5 BEFORE RECOVERING...Expecting crude to gap down to 47.3 - 47.5 level to met the diamond buy zone. Price will climb to 48.8 - 49.5 level, possibly a bit further to 49.6. For price to continue uptrend, we expect a pullback to 47.7 - 48 zone and then buyers to push the price back up to extreme level 51.5. Beyond that it's probably a big jump down the cliff to the 30's...
The calm before the storm...
USOIL - CRUDE OIL - Buy - H4 ChartUSOIL - CRUDE OIL - Buy - H4 Chart
USOIL - CRUDE OIL Continues upward
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Wishing you successful trading 🙏
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🔺 Disclaimer! The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
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OIL BUY TP_49.08_6.44%_2.97pips_SL_46.12_1.13%_0.52pipsOIL BUY TP_49.08_6.44%_2.97pips_SL_46.12_1.13%_0.52pips
USOIL LongUSOIL seems like its on uptrend, also on friday just made bullish flag pattern, either wait for retest of the trendline down or break the flag and get in trades.
Make sure to make your own analysis and dont follow me or anyone else blindly. :)
The Crude Oil expectations during the next days.Hello,
Here is my first idea about the crude oil tendency. Keep in touch to be informed about other futures and stocks ideas.
For today's Idea, it seams that oil will continue to bullish, but we need to make sure after the next candle, so if it breaks the green support line very strongly, we can expect a lowering of the prices, and it is a selling signal.
USOIL WTICRUDE - Massively Profitable Trade!2021 is going to be your most profitable year of trading because of the economy reopening, offering major opportunities in the market. Now is the most important time to learn a consistently profitable strategy so that you are ready to take part of all the major wins that will continue to be available in the market. Please make sure to "like" and "follow" me to learn how to avoid common mistakes and losing trades, and become a consistently profitable trader.
USOIL, WTI is MOSTLY impacted by fundamentals. Key levels only serve as entry and exit points. Fundamentals will destroy chart patterns any day of the week in this specific market. We caught a really good move this morning with a buy order that we had in place.
USOIL - Tracking Minor Waves - Wave C In ProgressFollowing up on my previous idea linked below.
Wave 5 of Wave C is in progress and I expect this to terminate around the $60 area.
Support: $40
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$USOIL Testing a New-High Annual Pivot @ 49.838: STILL LONG$USOIL broke a previous resistance point at 45.66, and it is holding support 46+, even reestablishing a center point of a previous trade channel which was very bullish.
This is a good time to be long on $USOIL related positions, such as $HAL and $LBRT, especially. Both gained nicely today.
Best,
BDR
