📉 Expecting bearish price action on USOIL as price takes out weekly lows and fills a bullish imbalance on the H4, we have a clear bullish market strucutre from a HTF premise on this chart and we should go higher somewhere around 120 price area where we have a lot of bearish imbalances.
From a market seasonality stand point we are in a CLEAR BULLISH SEASONALITY...
Looks like EVERY position in ANY asset seems to be very dangerous now, as market seems like gone a crazy. Be careful with your investments!
Disclaimer: This asset is not for new traders or those who don't tolerate ULTRA HIGH risks. I don't recommend this trade (also I don't recommend any other trade). This is just my market view on the current moment. It could...
Disclaimer: This asset is not for new traders or those who don't tolerate ULTRA HIGH risks. I don't recommend this trade (also I don't recommend any other trade). This is just my market view on the current moment. It could be TOTALLY WRONG. If my view changes in the future I am not obligated to update this idea or publish a new one.
Ukoil after reching 138 as recent high, we got down on news that UAE will increase production of oil,
so for this reason 126 level is seems good to have a short trade
and since the sanctions are still there and the demand didn't dropped yet, $97.00 per barrel is a reasonable price to pay.
buy at 97.00
sell at 126.00
📉 Expecting bullish price action on USOIL as price takes out weekly low liquidity, a lot of bearish imbalances are left somewhere around 120-115 price area price should rise to fill them ASAP. As market is imbalanced
USOIL is in a huge bullish market strucutre area on a HTF.
What do you think ? Comment below..
UKOIL is retesting the ascending support line
From the ascending long-term channel once again and the horizontal support at 122.15
I expect the rebound to continue and rise to the supply levels above
As the new year begins, the markets are a little quiet but in the oil , markets seem a little confusing, Based on OPEC-JMMC Meetings we made our view on the oil market.
"That's one way of looking at it OPEC plus seems confident that despite omicron spreading rapidly around the world and with cases rising it's not going to have that much of an impact on oil demand...
Expect bullish price action on USOIL as price is rejecting orderblock m15 + imbalance m15/m30, we are in a bullish market strucutre and risk on market sentiment, we have bullish rejection on M15/M30 from this area so this means bulls are in power.
What do you think ? Comment below..
Expect bullish price action on USOIL as price takes out liquidity on the retail trendline, rejected a nice M15 bullish orderblock. Price is in a bullish market strucutre and should rise because of the risk off market environment + bearish gap that should be filled on usoil, lets go for 3R.
What do you think ? Comment below..
We have strong bearish momentum on USOIL i dont think it is the best moment to close our short entries, we have a risk off market sentiment right now so we should expect bearish price action still...
I moved my stop loss to my entry so i have a risk free trade.
What do you think ?
Shorts there as price is rejeting a premium market area on fibonaci, bearish orderblock h1. We have to fill bullish imbalances that was formed yesterday
Price is rejecting in this moment an important area of ,, resistance ,, a bearish orderblock on h4 filling in the same area the bearish imbalance that means the price is repriced at this level. We also took out some buy stops above old highs and right now we should go lower after h4 candlestick bearish will be CLOSED. I target bullish imbalances.
What do you...
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...
Perhaps the seed of Charting Rbob Gasoline Earlier.
This Black Gold stuff is a slippery liquid.
Oil seems to be stealthy making lower lows &
perhaps about to make a lower high.
Have to be slick to market time the ole WMD.
*Short ideas are SELL ideas only, don't support outright short selling.*
Peek the detailed breakdown notes
in the high def chart links below...
Again time to long UKOIL.
Two weekly neutral candlesticks that broke above high, bullish flag on higher timeframe and finally broken rectangle are signs of strong uptrend.
Risk- reward is so logical, So, dont hesitate and trade this.
Have a good week fellas.
