USOUSD trade ideas
Spotting a Macro Trend in Oil Industry.US Oil is facing resistance on a long Trend Line. Oil will reverse from this point which tells us a lot about the industry in general. How the world is shifting towards electrification and adapting to the new electric revolution in the auto sector which is the major consumer of oil. Dependence on Oil will decrease from here on. There are no new consumers rising for the oil but rather would be decreasing over a period of time. This is more like a slow death of oil. It won't disappear all of a sudden. This can take 5 to 10 years time keeping in mind how rapidly & exponentially the world is changing.
This is purely a short trade. An aggressive one from the current market level. For the target of $32-$34.
US OIL READY FOR THE RALLYAfter nearly 4 months of consolidation, US OIL about to break the crucial zone of 67-68 to witness 75 levels. The bullish momentum above that can zoom the price like anything!
Crude oil CRASH HISTORY for your reference.This Information is for Educational purpose only.
For Positional traders attention..
In Crude oil, major crashes are started in July months.
Follow the Daily Time frame Price action for the further trend.
Crude on the bearish sideCrude looks on the bearish side in the coming days as indicated by the macd indicator also the rsi in the daily time frame of crude is correcting ..
Trading Journal for Beginners.Trading Journal is the only key tool to develop your strategy by time, by reviewing & not repeating the same mistakes again.
Here i shared my Simple Trading Journal (Format & Example) for your reference.
Keep Journaling & Never Stop Learning.
Think & Trade in Probability.
Note: I Personally use Google Keep to JOURNAL & REVIEW my trades.
Crude oil Consolidation /Trend reversal ahead?? MTF view.Possibility of Consolidation / Trend reversal ahead.
4H / 1H
Giving mixed signals.. to Buy & Sell.
Higher time frames D/W/M are in Buy.
Levels to check.
Monthly Resistance @ 73.5 $
Weekly Resistance @ 74.24 $
Daily tested Fib., level 61.8% for previous swing.
Be cautious.
Think & Trade in Probability..
USOIL Us Oil is in Daily Resistance after a breakout towards upwards it stared to give correction .Either it will be sideways for somedays otherwise it will reach upto 66 region in the daily breakout for retest then it will strated to push up
USDWTI - U. S. Dollar / WTI Crude Oil Let us have a look at USDWTI Crude Oil Chart Daily chart shows crude oil trading in the ascending triangle. WTI Crude Brake and sustain above 67 levels we can see the higher levels towards 74.25 levels which offers a very good risk reward as one can keep stop loss below 64 levels. From the weekly charts you can observe the WTI Crude Break Out already happened above 64.36 levels and on weekly charts flag and pole formation also seen so all in all WTI Crude is showing strength so one can think of buying crude oil.
Only for Educational Purpose
US OIL
US OIL
Trend appears to be up.
Expect rise towards 74.55 in near term with volatility.
Breakout above 67.99
has the implication for a rise towards 1.618 retracement
of 74.55
Crude oil Hourly Demand range , Higher TF's are in strong Buy.Scenario 1: Market until above the demand range
Go for Buy while testing the demand range with confirmation in 10 / 5 mins chart.
Scenario 2: Close below demand range
Market may go for a small correction / consolidation, then again Up only.
Higher Time frame view,
Learn from Mistakes.
Think & Trade in Probability.
US OIL 1D CANDLE STRONG RESISTANCEUS OIL 1D candle Strong Resistance at 66.32 from 2019
Current market trying to break this level from March
This idea is only for educational purpose.
A man who masters patience masters everything else.
WTICOUSDHello Guys I had find this trade and done analysis double top on 1h Timeframe i hope i had added some value thank you so much if you like plzz follow like and comment
