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Usoilanalysis

USOIL / TRADING BELOW FVG AREA - 4HUSOIL / 4H TIME FRAME The overall trend is downward , until trading below FVG . As long as prices stay below the turning level of 74.78, a decline is expected, potentially reaching the support level (1) at 73.03, and then 71.51. However, if prices break above the turning level and close a 4-hour candle above it, the trend may shift upward, with potential to reach the resistance level at 76.18. Breaking this resistance could lead to further gains, targeting 77.52. KEY LEVELS : TURNING LEVEL : 74.78 RESISTANCE LEVELS : 76.18 , 77.52 SUPPORT LEVELS :73.03 , 71.51
TVC:USOILShort
by ArinaKarayi
[2024.08.28 Wednesday Market Analysis and Opportunity Insight]Hello traders, In the realm of commodity trading, market fluctuations often align with the influx of information. Nevertheless, as we near the end of the month, a distinct pattern emerges: news tends to quiet down and data liquidity diminishes. During this period, analogous to calm waters in the market, lies both a challenge and an opportunity. This juncture not only tests a trader's training, sagacity, and skill, but also assesses their resilience. This week marks the final trading week of August, with extremely scarce news and limited data, indicating a collective anticipation for the September non-farm payrolls data and the interest rate cut scheduled for September 19th. Given the dearth of news, it would be advisable to rely more on technical analysis. 1. Concentrate on support and resistance levels, along with technical indicators like moving averages and RSI. 2. Decrease trade sizes and establish reasonable stops. Under conditions of limited information, the market could be more vulnerable to unforeseen events. 3. Monitor trading volume: Variations in trading volume may signify price direction. Low trading volume could denote market indecision, while a sudden surge in trading volume could indicate a significant movement. 4. In the absence of short-term information, it may be apt to emphasize and trade in accordance with the long-term trend. 5. Be patient. Refraining from trading when signals are unclear is also a viable strategy. Avoid forcibly engaging in trades due to inactivity. As advised on Tuesday, the market sentiment for crude oil remains unchanged, and it's recommended to await a pullback position for considering a new single position. On the 4-hour chart, a retracement target between FIBO 382-618, within the 75.3-73.8 range, is viewed as necessary for the preceding upward wave's retracement. Please refer to Figure III. P.S. On Wednesday, TP3 /TP4was included as a retracement target, near the 73.80 range. BEST WISHES! LEAN MEANS MORE!
TVC:USOILShort
by FUNTRADER-Vera
USOil WTI Technical Analysis and Trade IdeaThe current USOil chart exhibits clear signs of price overextension, with the asset pushing into a critical resistance zone. Given this technical setup, a retracement appears probable. My strategy involves seeking a long entry, but only if the price experiences a pullback to the key Fibonacci retracement levels, specifically targeting the 50% to 61.8% zone. It's crucial to contextualize this analysis within the broader macroeconomic landscape. The recent Bank of Japan rate hike has injected significant volatility into global markets. We must anticipate and account for potential continuation of these heightened volatility conditions, as they could materially impact price action and risk management parameters. This technical and fundamental confluence presents a compelling setup, but as always, proper risk management is paramount. Traders should conduct their own due diligence and consider their individual risk tolerance before executing any positions. Disclaimer: This analysis is provided for educational and informational purposes only. It does not constitute financial advice or a recommendation to enter any specific trade.
TVC:USOIL
by fxtraderanthony
1
USOUSD (WTI Crude) strong bullish move likely … week of 26 AugA ‘hammer candle’ is one of my favorites and we can see a nice one in the weekly chart of oil. It also appears at a major support (73.00) and at a rising trend line. If you are not a fan of the hammer candle like I am, just look left on my chart and see what happened in the past when this candle appeared. But “when” to trade is always a question, directional bias is only a part of our decision making. I will, first of all be looking for USD weakness and CAD strength (correlation). Monitoring PA on the H4 and H1 is always a good idea too. Evidence of bullish PA would justify taking a long trade. However, if a move to the downside forms, that would negate my analysis. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
EIGHTCAP:USOUSDLong
by Trading_Vista
USOIL OverviewUSOIL has HIGH VOLUME long candles, looking to reach the 78 - 80 range. It has recently broken through multiple support zones with HIGH VOLUME, showing that USOIL is likely to increase further in the coming days. I'm looking for it to enter back into the support zone, and we will see if it bounces or rejects and breaks lower. It could, on the other hand, not bounce at all and increase straight to the 78 - 80 range, where I will be looking for shorting options at the RESISTANCE level.
TVC:USOIL
by I3ig_Trades
USOIL / TRADING INTO DESCENDING CHANNEL - 4HUSOIL / 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 74.76 Downward Condition: With the price holding steady at the current turning level at 74.76 , it is likely to decline towards the support level of 72.81. If it stabilizes below this level, it could then reach the next target level of 70.92 Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 74.76 , leading to a rise toward the resistance level (1) at 76.15 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 78.55 TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 76.15 . RESISTANCE LEVEL (2) : 78.55 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 72.81 . SUPPORT LEVEL (2) : 70.92 . TURNING LEVEL : 74.76 .
TVC:USOILShort
by ArinaKarayi
4
USOIL 78.31 -1.59 % AHEAD OF THE CRUDE INVENTORIES HELLO TRADERS Hope everyone is doing great 📌 A look at USOIL from MULTI TIME-FRAME ANALYSIS 🎯 CRUDE OIL INVENTORIES TOMORROW - 7th Aug release was more than expected which meant weaker demand and was bearish for crude prices. The same can be said if tomorrow a decline in inventories is less than expected. USOIL 4H TF * Friday & monday where strongly bullish but tues came with change in delivery as we see strong bearish move. * The weekly & daily TF are still range bound . * USOIL took External range LQ & price will delive from the -FVG above. * We are trading in premium of the move, This is where I would be looking for short entries. * With PO3 looking to open bullish (fri & monday) to confirm a move Lower into +FVG on USOIL. USOIL 1H TF * Looking for the hourly to open Bullish into the 4h FVG because our HTF BIAS (PO3) . * We will see what does the market dish. * On the 4 hourly IRL > ERL. - LOWER TF * ANALYSED IN REAL TIME HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
TVC:USOILShort
by PULEMokhothu
4
Oil: Keep buying. Wait until it reaches a high and then go short. For a month, I used the correct trading signals as a reference. This is what everyone can see. There is no mistake in the operation. I want to post my views here to save those who continue to lose money. Or those who don’t know how to trade or don’t make any profit. I just use my expertise. If you keep losing money, leave me a message. Even if you are a novice. Follow me and you can see the changes in your balance in a very short time.
TVC:USOILLong
by Eddy_Wealth
USoil: Oil prices will continue to rebound this week.Oil is about to form an oversold rebound situation, and the target this week is expected to be above 74. The current price is around 72.2. The USoil quote on tradingview is used as the basis. Investors with large amounts of funds can buy in advance. If your trading continues to lose money. Or the profit is not ideal. Remember to refer to my trading instructions or follow me. Prevent further losses. NYMEX:CL1! MCX:CRUDEOIL1! NYMEX:MCL1! MATBAROFEX:WTI1!
TVC:USOILLong
by Eddy_Wealth
USOIL ( BREAKOUT LAST SUPPLY ZONE ) ( 4H )USOIL HELLO TRADERS after breakout last supply zone , the price stabilizing up trading , on the Friday price can be breaking supply zone and starting a rising , currently it will be attempt to reach a next supply zone around 78.56 . Tendency , after price breaking a supply zone , currently price is under upward pressure . Upward Zone : currently price trying to reach a resistance level (1) at 78.56 , possibly of the price retest a turning level at 76.37 before rising , breaking resistance level (1) with remain this level it continues the upward trend to touch resistance zone between 81.02 and 83.53 . Downward Zone: by breaking turning level with closing 4h candle below it , the price decline to reach support level (1) 74.76 , after remain below this level we see a downward trend to reach a regions 71.80 and 69.64 . CORRECTIVE : currently price it will be attempt for retest to reach a turning level at 76.37 before to see upward trend . TARGET LEVEL : RESISTANCE LEVEL : 78.56 ,81.02 , 83.53 . SUPPORT LEVEL : 74.76, 71.80 , 69.64 .
TVC:USOILLong
by ArinaKarayi
USOIL ( BETWEEN TWO TURNING LEVEL ) ( 4H )USOIL HELLO TRADERS currently price between two turning level by breaking each level determine the direction , for know the price trading above turning level (2) at 74.74 , remain this level it will be attempt to reach a turning level (1) at 76.25 . Tendency, the price inside two turning level around ( 74.74 & 76.25$) . Upward Zone : in order see increase , the price need breaking turning level (1) at 76.25 , by closing 4h candle above it , easily to reach a resistance level (1) around 78.53 , remain this level indicates the price trying to reach of a resistance level (2) at 80,75 . Downward Zone: by breaking turning level (2) around 74.74 , the price dropping to reach a support level (1) at 72.82, to confirm downward , gold need breaking support level (1) by open 4h candle below it to reach a support level (2) at 71.81 . TARGET LEVEL : RESISTANCE LEVEL : 78.53 , 80.75 . SUPPORT LEVEL : 72.82 , 71.81 .
TVC:USOIL
by ArinaKarayi
US OIL SHOWING A GOOD FALL WITH 1:10 RISK REWARDUS OIL SETUP TRADE WIH 1:10 RISK REWARD A good selling setup detected on US OIL It's showing a BEAR MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram BITCOIN SETUP TRADE WIH 1:10 RISK REWARD A good selling setup detected on US OIL It's showing a BEAR MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
FX:USOILSPOTShort
by tradergyan01
USOIL ( BREAKOUT DESCINDIN CHANNEL ) (4H)USOIL Tendency, the price is under down ward pressure , until trade below 74.22 . Upward zone : In order to see an increase, the price needs to breaking the turning level at 74.22 , to reach resistance levels (1) around 77.06 , then breaking resistance level (1) it indicates to reach of a resistance level (2) at 78.89 . Downward zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 71.55 , then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 69.30 , the breaking this level reach a next level at 67.93 Corrective level :Price may make a correction at 74.22, before dropping . TARGET LEVEL : RESISTANCE LEVEL : 77.06 , 78.89. SUPPORT LEVEL : 71.55 , 69.30 , 67.93 .
TVC:USOILShort
by ArinaKarayi
Crude oil is expected to fluctuate.Technical analysis of crude oil Daily resistance 78.2, support below 72.7 Four-hour resistance 77.5, support below 76 Operation suggestions for crude oil: Crude oil fluctuated and rose throughout the day yesterday, and finally reached the 78.2 mark, which was in line with expectations From the current trend, today's lower support focuses on the key support level of 77.2-76.1 formed by the hourly line yesterday, and the upper pressure should first pay attention to the vicinity of 78.2-78.4. Intraday operations can be carried out around this range, adopting a strategy of selling high and buying low. SELL:78.2near SL:78.50 SELL:78.4near SL:78.70 Technical analysis only provides trading direction!
FX:USOILSPOTShort
by ActuaryJ