usoilshort

Here we are looking at a third wave down which can be very impulsive.

Three Confluences Playing out after the US CPI release. BULLISH DOLLAR OVERALL.

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Short usoil free trade

USOIL

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 broken...

Simple flag continuation strategy trade using my own rules. Targeting $51 per barrel next.

My wife is fed up and wants a new man... Please send me your applications... And hurry up about it as i dont want her hanging around. From the chart we can see that this week price broke though our trend line after respecting our resistance zone yesterday, price fell out the sky yesterday afternoon the bears must have been in a hurry, but now we can see bulls...

Midterm forecast: 58.05 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 58.05 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 50.70 on 06/05/2019, so more gains to...

Midterm forecast: 58.05 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 58.05 is broken. Technical analysis: The RSI support #1 at 43 is broken, so the probability of beginning of downtrend is increased. While the RSI downtrend #2 is not broken, bearish wave in price...

Midterm forecast: While the price is below the resistance 66.50, beginning of downtrend is expected. We make sure when the support at 55.20 breaks. If the resistance at 66.50 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI support #1 at 43 is not broken, the probability of price decrease would be too...

Midterm forecast: While the price is below the resistance 66.50, beginning of downtrend is expected. We make sure when the support at 55.20 breaks. If the resistance at 66.50 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: A peak is formed in daily chart at 66.50 on 04/23/2019, so more losses to support(s) 60.15,...

Midterm forecast: While the price is below the resistance 66.50, beginning of downtrend is expected. We make sure when the support at 55.20 breaks. If the resistance at 66.50 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased. A...

Midterm forecast: While the price is below the resistance 66.50, beginning of downtrend is expected. We make sure when the support at 55.20 breaks. If the resistance at 66.50 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased. A...

Short...

This looks like a simple 3rd lower high forming and multiple 1hr rejections of the Fib 0.786 level and top TL. Aiming for the Fib 27% extension level.

Here is my technical and fundamental analysis for entering short positions on US Oil. Technicals: - Weekly rejecting broken channel trendline - Weekly rejecting $64.50 prior support/resistance zone - Weekly Fib 0.618 - 4hr showing lower highs and lows now. Entry will be a weekly close below the Fib 0.618 level and resistance zone. Or I will enter short on the...

USOIL H4 SHORT