Usoilshort
Potential Shark Forming 🦈🦈USOIL - Potential Shark Forming, looking for a nice pullback into the daily supply zone, theres some strong liquidity here and some nice imbalances to fill, if price reaches this level It's a very PRZ to look for HTF continuations
Let me know your thoughts!
NOTE: Price has just hit some liquidity so a pullback is likely before the drop, keep lots low, this entry location isn't "Ideal" does have some confluence but its not an A+ entry, so may hit some DD. I have a near perfect entry with a lot more confluence above if price decides to rise a little more we get back in an crush the pips.
** 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.
US oil short position Bears are always welcome in the oil market, we have seen a huge rally for oil in April 2020, some producers have made a big reserve of production.
we always see that the market has always to correct the direction allowing some associated to collect their profits, bulls out bears in. for the next period we find bearish news looming on the horizon,
-Omicron is snappily getting the dominant COVID-19 variant in South Africa lower than four weeks after it was first discovered in the country, with
theU.S. reporting its first case on Wednesday.
-Some had speculated that OPEC+ could pause those additions in an attempt to slow supply growth, now expected to yield a surplus of 3.8 million
BPD by March 2022, according to an internal report seen by Reuters. OPEC+ is likely to make its decision on Thursday.
-The United States, in tandem with several other nations, announced plans in November to release 50 million barrels of its reserves into the market
to try to cool energy prices. Retail gasoline prices have barely changed even as unfinished gasoline futures known as RBOB have dropped sharply.
News resource
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theoilsellers.com
reuters.com
Our position
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Sell position on 63 $-64 $
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73.20 $ -74.40 $ sell limit just in case the price reverses against our position before it continues falling
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Targeting : 55 $-56 $ support area
UUSOIL LONGS LONG-TERM 📉📉📉From a long-term perspective USOIL looks like a good buy from 63-64 area, we have a bullish market structure on a HTF, price just made the retracement back into bullish orderblock d1 an important area of supply for the price in that area closing the bullish imbalance as well, price left a lot of inefficiens in the past that should be closed in the future, price should be magnetize back above 70$, that's my long-term perspective long term meaning 1-2-3weeks.
What do you think ? Comment below..
USOIL Sell in RALLYMy short-term outlook before was sell at $ 81 and profit level $ 68. Few days ago I felt short-term we may see opportunity to buy in the $ 71-73 range for $ 78 profit taking. the stop-loss was at $ 65.
The 10-MA vs 50-MA is highly violated of course due to the sharp fall. The stop of $ 65 is still protected and I suggest to keep it this way for now. the previous buy $ 71-73 should be liquidated in the $ 69-70 area and to go short from there with a stop-loss above $ 74.
Profit level to be near $ 50.
USOIL can move lower 🦐USOIL on the 4chart tested for a 2nd time the strong resistance at the 85 level.
The market after a rejection is now trading at 81.30 area over a support and according to Plancton's strategy if the price will break below we can set a nice short order.
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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.
USOIL - Starting the bearish curveUSOIL - Starting the bearish curve
TVC:USOIL
TVC:DXY
TVC:CXY
FX_IDC:NZDCAD
FX_IDC:USDCAD
FX_IDC:EURCAD
- Prices are way too high at this level
- DXY is also going to start curving soon.
Keep an eye on all CAD trades should reverse exception to USD it will continue to fall.