oil Data is near We expected more Supply then demand and its can push oil price down. From current level 48.7 or after a jump toward 49.6 then a drop toward 46.5-47 Advice to sell in range of 48.7-49.6 sl above 50.3 TP 47
The support of USOil is very poor and this can be a very good opportunity to go short on USOil until it finds it's next bottom. Always trade on your own analysis and risk manage properly. All the best!
USOil has broken it's support and is currently in a bearish trend. The loss may possibly continue further down until a strong support establish itself. This is only an idea and as always invest after your own analysis as well as money manage properly! Happy Trading!
Hi traders! I rarely touch USOIL because of the nature of how it trades. In this pair, I'm usually very patient to see confirmed patterns on the daily or weekly timeframe to confirm my analysis. I think that's what I'm seeing now. USDCAD kinds of confirm it also. RSI couldn't be happier to prove us right. USOIL SHORT ENTRY : 49.145 SL : 49.94 TP : 47.25 &...
In the energy sector, we have noticed a possible speculative short on crude oil as we expect oil to depreciate by -1.60% by the next week. In our opinion, sellers might put pressure on the actual price particularly near the intermediate resistance which might limit an upside move to no more than 6.80% from the last daily closing price. USO USO...
TVC:USOIL
Pair Direction Time frame Entry Price Reason Stop Loss TP-1 TP-2 USOIL Sell Limit 4H 53.3 Fibo-0.768,Pressure Level 53.80 51.80 50.10 USOIL Sell Limit 4H 53.8 Fibo-0.768,Pressure Level 54.40 51.80 50.10 USOIL Sell Stop 4H 52.7 Break Support...
We have highlighted our Ideal Entry, Ideal Stop Loss, Ideal Targets (1-3) and Ideal Exit. We have highlighted a counter trend position for those brave souls out there. We would love to hear your feedback. Follow us on Trading View & Twitter twitter.com
UKoil 240min, clone-idea, short-setup before a new bottom $49ish ALT.1 (or ALT.2 $47ish). I will provide charts in smaller TF, for a possible up, move C > D, before turn down, move D > E. Just now, it's some BULL DVG, in all 3 indicators....
Hi traders!I hold a point:Good charts does not need more words to explain! Good luck!
From a technical perspective, the oil price has turned quite interesting since the start of a new trading month. The chart below shows the monthly rolling oil contract chart where June’s price action closed in a doji. It gains significance following three straight months of gains. The monthly Stochastics also shows the hidden bearish divergence currently playing...
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
It has been quite long that we did not do any OIL trade since the last time break out(52.5). But on 23th Feb I found a structure that has reach pressure zone. And we tried to sell @54.7,and closed @53.5,got 120pips profit. 54.00 is the previous support and now become resistance. Choose short entry here, SL above 55.00 Aim 51.5 ! I hold a point:Good charts...
Quick recovery to the 50 day MA then back down for a roller coaster ride....get ready!