USOil | New perspective for the week | Follow-up detail
Actualizado
Following the reversal of Covid-19 policy — the Chinese manufacturing sector posted its biggest improvement in more than a decade last month, service/activity is climbing and the housing market is stabilizing. Economists speculate that the reopening may see Chinese oil consumption hit a record high this year and It was indeed a positive week for the oil commodity with data showing demand figures hitting a record 101.9 million barrels per day this year. In this video, we highlighted from a technical standpoint trading opportunities for the incoming week.
00:50 Reference to last week's daily commentaries and results
04:25 USOil Technical analysis on Daily chart
07:40 USOil Technical analysis on 4H Timeframe against next week
08:44 Conclusion on next week's expectation for the USOil
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.
00:50 Reference to last week's daily commentaries and results
04:25 USOil Technical analysis on Daily chart
07:40 USOil Technical analysis on 4H Timeframe against next week
08:44 Conclusion on next week's expectation for the USOil
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.
Operación activa
A bearish gap is observed... Looking forward to a breakout/retest of the channel for trading opportunities.Good MOrning
Operación activa
Secure sell position as price action breaks down the $79.00 levelOperación activa
After been taken out of the sell position at break even, buy stop order triggered at the breakout of the $79.40 level. Secure positionOperación activa
Secure all buy positions as the second position is triggeredOperación activa
Secure buy positions as selling pressure resumeGood morning
Operación activa
Structure identified during our morning live session todayOperación activa
Price action breaks down the trendline for the first time to signal a bearish expectation. waiting for confirmation for trading opportunitiesOperación activa
Operación activa
Secure all sell positionsOperación activa
How price action reacts to the $77.50 level will determine if we are going to continue with a sell positionOperación cerrada: objetivo alcanzado
Approximately 400pips in profit (2 positions) as price action hit TP target at the $77.50 level. A further breakdown/retest of this level will welcome new positions.Operación activa
Secure new sell position as we look forward to more opportunties.Good morning
Operación activa
During our live studio session this morning; we identified a simple set-up on the 15-minute timeframeOperación activa
Another sell position triggered as price action breakdown the $77.20 levelOperación activa
buying pressure resumesOperación activa
Secure sell position Good morning
Operación activa
Secure positionsOperación activa
buying pressure continuesOperación activa
Secure all buy positionsOperación cerrada manualmente
Price action takes out the buy position with a small profit as selling pressure resumes. Waiting for structures to matureOperación activa
A simple set up was identified during our live session today on the 15 minutes timeframe as we anticipate the NFP todayGood morning
Operación activa
PATIENCE... Still waitingOperación activa
Secure buy positionOperación activa
Over 300 pips running in profit (4 positions); secure all buy positions. Happy weekend to everyone!
Trade smart. Trade consciously
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