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Usoilanalysis

USOil | New perspective for the week | Follow-up detailAmidst reports that oil loadings from Russia's Baltic ports were set to rise by 50% this month; the price of oil continues to drop as the $82.50 level remains a strong ceiling for selling pressure - a feat which has lasted for 3 months now. Also, OPEC+ is expected to meet on Feb. 1 to decide its monthly production targets and this is one event major players in the market will be looking forward to making a well-informed decision on trading possibilities. From a technical standpoint, we have decided to utilize the $80 key level as a yardstick for trading activities in the coming week and this is detailed in this video. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
1
Weekly Engulfing Candle on Crude Oil [ Bearish ] Weekly Engulfing candle on Crude oil is a display of control at our Critical Zone 81-81.40. We have Daily Candles closing Bearish. Some closed bullish but with large top wick rejections of our zone. Which was heavily anticpated this past week with great sell opportunities throughout the week, and lastly to end the week. A $3+ Move to end the week rejecting our zone. patience and the market will offer a chance to jump on the train. Or we may be wrong but we are seeing more evidence for bears. These are the prices and zones I like to trade off. From HTF's all the way down to execution on the Smaller TF's . Always maintaining a 3:1 RR . Safe and defensive but aggressive at times when your planned analyiss plays out. Cheers. Safe Trading
TVC:USOILShort
by ShrewdCatfx
GTE The breakdown of the diagonal is likely a HTF Primary W1 into W2 because it's on the monthly. Typically a leading diagonal is a bearish precursor to a reversal. Also leading diagonals most likely form a wave 1 into w2 set ups. The 786% might be too optimistic, as the wave 1 was 5 up which means sub wave A which equals the 5 up diagonal which equals the HTF w1 is a HTF Zig Zag & Zig Zags can bounce off the 50%-618%. But the underlying nature of W2 is to destroy any hope of the wave 3. So rather the 786% is usually a trademark of the wave 2. Basically a lot of conflicting forces at play here as to where the bottom forms. But catching this dip for a LT play seems very smart as W3 is targeting $16-$18 & Wave 5 $200 plus.
AMEX:GTE
by Big_Mike716
3
USOil | New perspective for the week | Follow-up detailThis is a follow-up video to my previous analysis on the US Oil commodity as we close the previous week on a profitable note with over 300pips in profit (see link below for reference purposes). China being the world's number one importer of crude oil - the start of the Chinese New Year holiday will be closely watched to see if travel activities will be as robust as expected. As trading activities continue around the $80 zone and the long-term bearish trend line identified on the daily timeframe, from a technical standpoint, there is a high chance that price action might continue to find higher highs in the coming week(s). So the $80 - $82 zone shall be serving as a yardstick for a trading activity for this week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
Perspective on UsoilHello everyone A warm welcome to this channel which is called Stoic Markets, Stoic markets provides technical perspective on numerous trading pairs whilst adopting the stoic philosophy. We adopt the stoic philosophy and in-cooperate it into the financial markets for two reasons. The first reason is that the markets are beyond our control so we must refrain from for any attachments to the outcomes which can happen. We refer to outcomes as indifference's, for example we can lose or win, we don't chose which outcome we can obtain but leave it to the fate beyond our control. Obviously we prefer to win rather than lose such as we prefer health to illness, we call this preferred indifferences. Story; The archer can do everything within his control to hit the target, from strenuous training to the selection of adequate weaponry but despite this, there are still variables once the arrow leaves the bow. The shooting of the bow is in the archer’s control but the arrow colliding with the intended target is never guaranteed. This is analogy is perfect for trading, you can learn every pattern, every formation, technical outlook, trick and tip but regardless of this, the moment you fill that order you have to accept that you can miss the target. We hope that gives you a good insight into how we operate, with that being said let us focus on usoil. Firstly the USA, announced not long ago that they would begin stock pilling oil at $70, we can see that oil recently dipped to that level and bounced back up. this is dangerous for high oil prices as the USA has set a floor for the price of oil. It's possible we will come and touch this support level again but it should hold if that's where the USA are buying (Of course they can afford drawdown) but with China's demand increasing and UAE cutting output, it suggest that our only direction is up. Let's gaze up on this chart, the foot (support) and the peak (resistance) have been placed, these are historical points of price action from the monthly timeframe throughout oil's existence on trading view and they are very relevant to the price action we see now, the lines are daily supply/demand zones and the shaded area is an area where liquidation can be found. Usoil is in a ranging market and currently falling from an immature trendline, depending on social economics it looks possible that Usoil could fall. Seen as the USA are buying at a support region of $70, I would not disregard this from happening but it's more plausible to consider a new higher lower could be created in the shaded area as it's in-keeping with an uptrend and the trendline. We are new here but we know we will not disappoint so immerse yourself within the world of STOIC MARKETS.
TVC:USOIL
by STOIC_MARKETS
1
USOil | New perspective for the week | Follow-up detailThis is a follow-up video to last week's analysis as we were able to scoop over 1,200 pips profit (see link below for reference purposes). Thursday's data showed that U.S. CPI inflation eased in December 2022 and this data appears to be firing a bullish momentum as risk appetite for the Oil appears to have been bolstered. Last week's trading session witnessed a rise of approximately 7.00% to close the week around the $80 zone - a good sign of recovery. So, from a technical standpoint; the $80 Level shall be our yardstick for trading activities this week and this video gives a detailed illustration of what to look out for to either buy or sell the USOil for this week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
1
USOil | New perspective for the week | Follow-up detailThis is a follow-up video to my previous analysis on US Oil commodities where we scooped close to 2,000 pips profit to start the year on a profitable note (see link below for reference purposes). Tagged the worst trading starts for a year since 1991 - The US Oil posts its biggest weekly loss in a month after reversing gains prior to the U.S. nonfarm payrolls event where it drops by 10% to close below the $75 level. Since testing the $73 level on Wednesday, price action has been caught within a tight two-dollar channel between the $75 and $73 range for the latter part of last week's trading session to signal a level of indecisiveness in the market. This video illustrates a technical perspective on what to expect in the new week as we look forward to either a breakout or breakdown of the channel for signals. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
3