Hello oil traders! I just saw this on USOIL. I haven't seen an Engulfing candle that was also an Inside Bar. Following candles going lower. Looks like it could be a shorting day. Trade cautiously!
Hello oil traders, and happy Friday! I posted a little bit ago about what I expected to see for today based on the 15 minute chart, but that is not working out, so I decided to take a longer look on the daily. Based on the 2019 high close of $66.15 on April 23rd and the 2019 low close of $51.06 on June 12th, USOIL has been in consolidation mode and has not closed...
"In the name of God, the Most Gracious, the Most Merciful" USOIL Possibility of next Move. For Full Support Join Our VIP Service check our Status Note: This is only for Educational Purpose this is not Investment advice. Thanks Adil Khan.
The roll over has begun. The stochs are bottomed out for the most part and money flow is low. The big drop in the current candle, I believe is just the beginning. Oil has been up all week and has pierced the upper limit on the channel, but hasn't busted out. I believe we are going to see a drop all the way back into the $53s. If it goes past that, I expect it will...
On the daily chart, I see USOIL is right in the middle of the light blue channel and has never really broken out of it and stayed out. This was my original channel I created to see if my theory of oil staying in a consolidation mode for most of the rest of this year and it is holding true. The Stochs and money flow point to a rounding over so I expect this to...
if you have your market view, please share it in comments Also you can ask me questions... Have a great day everyone!
With the recent strengthening of the USD for various fundamental reasons that we discuss in depth with our clients, we have seen a sharp decline in the price of oil (not necessarily a sell-off - don't confuse the two!). We expect the USD strength to continue into next week and so we are looking to short USOIL after this bearish corrective structure has now...
In this example we have USOIL playing out beautifully. I'm expecting price to stop hunt high giving us a nice short opportunity. News articles looking pretty negative about OIL to convince retail traders to Sell NOW. After hitting their stoplosses, I expect News articles to display positive information about USOIL to get people to long/buy OIL Perfect...
USOIL found a good support at 61.8 fibonacci level. I'm expecting a uptrend target next structure.
This is basically what i can see on the 15mins and 1 hour chart right now, could go lower & it could get invalidated. Enter and exit at your own risk. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
This is just a rough idea of what i think the market is doing. If you take a look at the chart i posted yesterday after the double top, you will see that market did retrace back to the suggested area before going back down again. I think trend is going to change soon, when exactly is what we're all waiting for. Enter and exit at your own risk. DISCLAIMER Please...
We have a double top in the 1hr timeframe. Wait for market to retrace back up and then short it again. Enter and exit at your own risk. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk