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USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
FX:USOILLong
by ShahedZare
USOIL (WTI) BUYING ON DIPS HELLO TRADERS,,, As i can see this chart of USOIL it is moving same as we had predicted in our previous analysis Israeli & Gaza War Tensions are driving Gold and Oil prices in bullish trend and we can see a Wyckoff Pattern on the base of technical view the support is holding the price of oil and i am expecting it will boost to the upside for completing this technical pattern... History will repeat, like the 1973-1974 war, where all the Arab countries stopped the supply of OIL. Can we see the same thing in 2023-2024 as war is at its peak? If the same happens, the OIL price will shoot to 120-130 barrels directly . this is just an trade idea with Technically + Fundamentally view Kindly share Ur thoughts on US OIL so it will help alote traders community we appreciate Ur love and support Stay tuned for more updates
TVC:USOILLong
by APEX_TRADING_ACADMEY
WTI BEARISH OUTLOOKOil prices dropped over 2% as U.S. crude stockpiles rose, signaling weakened demand. Additionally, concerns about the global economic outlook led to a broader sell-off in equities. Brent crude futures fell by 2.2% to $88.13 a barrel, while U.S. West Texas Intermediate crude futures slid by 2.7% to $83.13 a barrel. These price declines were driven by a combination of rising inventories, reduced demand, and economic uncertainties, highlighting the impact of geopolitical tensions and broader market sentiment on oil markets. The market's attention has been fluctuating between geopolitical factors, including the conflict in the Middle East, and macroeconomic concerns, such as U.S. Treasury yields nearing 5% and the pace of economic growth. These uncertainties are affecting oil demand and prices, making it a volatile and complex market. Additionally, the article touches on issues related to the energy transition, with companies like Shell cutting jobs in its Low Carbon Solutions business, and Siemens Energy seeking government support for its wind-turbine unit. On a technical side, the daily graph had formed a Three Black Crows pattern 2 days ago, which is a reliable predictor of continuous down movement, technical indicators as MACD and RSI are also in the sell zone. If this trend continues, the price might reache levels of 79.64, while as a pivot point might be considered 84.34, from where the price might go to 87.82 levels. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:WTIShort
by legacyFXofficial
WTI H4 | Potential bullish breakoutWTI oil (USOUSD)is rising towards a breakout level and could potentially make a bullish move towards our take profit target. Entry: 86.519 Why we like it: There is an overlap resistance where a bullish breakout could occur Stop Loss: 84.135 Why we like it: There is a pullback support level Take Profit: 89.443 Why we like it: There is an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and the 78.6% projection levels Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
WTI CRUDE OIL Trade it based on today's candle closing.WTI Crude Oil is breaching at the moment the Rising Support of the last 3 months. The (1d) candle closing will determine in our opinion the short term direction, as on this level the momentum is neutral, with a Falling Resistance above and numerous Support levels to target if broken. Trading Plan: 1. Buy if the (1d) candle closes over the Rising Support. 2. Sell if it closes under it and breaches Support (1). Targets: 1. 87.50 (Falling Resistance). 2. 79.00 (a little over the MA200 (1d)). Tips: 1. The sentiment could be a little more favorable to selling at the moment as the MACD (1d) just made a rare shift, invalidating the bullish build up as it switched from a Bullish Cross immediately to a Bearish Cross. Please like, follow and comment!! Notes: Past trading plan:
TVC:USOIL
by TradingBrokersView
WTI Crude Oil1- We all know that due to aftermath of the terror attack on Israel Crude Oil started going up reaching $90.00. It came back to $83.00 and it seems $83.00 is the market fair price, as of now. 2- However, as Europe and America going to into Winter mood price may go up. We all remember, that Ukraine - Russian war last year, created a lot of problem for European countries. 3- Additionally, Russia and OPEC countries, specifically Saudi Arabia keep reducing their production to control the price and they have been successful. 4- On the other hand, European countries and China economy is slowing down do to inflation control and interest raise, may counter some of these pushes for higher price. 5- Volume shows that there is a big desire to buy at $83.00 and sell in short term and $86.00 and long term sell $89.00. But nevertheless, Considering all of these catalysts, it will most likely the price will go up to hit $100 in a long run.
NYMEX:MCLZ2023Long
by Ha-Lion
The U.S. reveals a trick up its sleeveA few weeks ago, we expressed our bewilderment at the U.S. administration and its handling of the oil stockpiles. Despite oil plummeting below $70 during the summer, officials did not take the initiative to refill the Strategic Petroleum Reserves (also canceling plans to buy oil in July 2023), prompting us to speculate about what trick the administration could have up its sleeve. Finally, last week, we might have discovered exactly what it was when news erupted that the United States lifted some of the sanctions on Venezuela, allowing it to produce and export oil to its chosen markets for the next six months without limitation. While Venezuela’s oil production is only about 800,000 barrels per day, the news announcement is still quite a big thing as it will enable U.S. entities to buy crude oil and help alleviate rising crude oil prices (especially if the country ramps up production in the coming months and the global economy continues to slow down - presuming no broad conflict will affect oil supply in the Middle East). Now, on the topic of technicals, we are paying close attention to the Sloping Support/Resistance. If the price breaks back above the resistance (and holds the ground), it will be bullish. However, a failure will raise our skepticism about more upside. In addition to that, we are watching MACD, RSI, and Stochastic on the daily chart. To support a bearish case, we would want to see all of them continue declining. Contrarily, to support a bullish case, we would like to see MACD reversing and breaking above the midpoint. Illustration 1.01 Illustration 1.01 shows the daily chart of USOIL and a simple setup with bullish prospects above the sloping support/resistance and bearish prospects below it. Illustration 1.02 Illustration 1.02 displays the daily chart of MACD. The yellow arrow indicates a bearish breakout below the midpoint. If MACD fails to rebound back into the bullish area above zero, it will raise the odds for a continuation lower. Illustration 1.03 Illustration 1.03 shows the daily chart of USOIL and simple moving averages. The yellow arrow indicates an impending bearish crossover between the 20-day SMA and the 50-day SMA. If successful, it will bolster a bearish case. Technical analysis Daily time frame = Bearish (with weak trend) Weekly time frame = Slightly bearish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOIL
by Tradersweekly
4
OIL MIGHT BE GETTING INTO FURTHER SELL-OFFOil prices have continued to decline, marking the third consecutive session of losses. This decline is attributed to a series of sluggish economic data releases from Germany, the eurozone, and Britain, which have raised concerns about energy demand. Brent crude futures dropped by 2%, down $1.76 to $88.07 per barrel, while U.S. West Texas Intermediate crude futures fell by 2.2%, down $1.91 to $83.58 per barrel. The eurozone's business activity data showed an unexpected downturn this month, raising fears of a potential recession in the region. Germany, one of Europe's economic powerhouses, appeared to be slipping into a recession, and Britain reported another monthly decline in economic activity, increasing concerns of a recession ahead of the Bank of England's interest rate decision. These economic uncertainties, along with other global factors, have contributed to the downward pressure on oil prices. Despite the economic concerns in Europe, the U.S. recorded an uptick in business output in October, which helped boost the U.S. dollar, making dollar-denominated oil more expensive for holders of other currencies. Additionally, concerns surrounding the situation in the Middle East, where diplomatic efforts are underway to contain the Israel-Hamas conflict, have also impacted oil prices. Overall, the oil market remains on edge, with a focus on potential supply disruptions and geopolitical tensions. If this trend continues, the price might reach levels of 81.53. In the opposite scenario, as a pivot point might be considered 86.38, from where the price might reach levels of 89.32. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:WTIShort
by legacyFXofficial
🛢️ Oil at $88: Told Ya! (Now toss a coin!)Hey Oil Traders! 🤟 Oil is at a critical S/R level of $88, and it's anyone's game right now. 🎯 📈 Recent Trades: Went long under $70 and short at the $93 top. Nailed it! 🎉 🔮 Next Moves: It's a 50-50 toss-up. Could go to $93 or drop to $82. 🪙 🤷‍♂️ Why I'm Not Trading: With such uncertainty, why risk it? There are better setups out there. 🎣 📊 Other Setups: If you're itching to trade, maybe look at other assets. Bitcoin, anyone? 🚀 🤔 My Call: If I had to pick, I'd say we're going lower next. But again, why trade it now? 🤷‍♂️ That's the quick rundown, folks! Sometimes the best trade is no trade. 🤓 One Love, The FXPROFESSOR 💙 long: short:
TVC:USOILShort
by FX_Professor
1
WTI H4 | Bounce off 50% Fibo support?WTI oil (USOIL) could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 86.456 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 85.000 which is a level that sits under an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 89.056 which is an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILLong
by FXCM
Best trade of the week? USDCAD or Oil? Will bearish bets on the Canadian dollar grow in the lead up to Wednesday? It is widely expected that the Canadian central bank will leave interest rates on hold during its meeting that concludes on this day (Although, it may be a hawkish hold as the Governor Tiff Macklem will mention that another hike is still on the table for the bank). Perhaps piling on the bearish sentiment is the slight fall in the price of oil (one of Canada's major exports), as US diplomatic efforts continue to contain the conflict between Israel and Hamas. How long this quietish period can last is up for debate though, and a ground offensive by the IDF in Gaza could send oil prices higher. Bullish takes on the USD/CAD (i.e., bearish bets on the Loonie) will have 1.37350 to content with, which is the high the pair reached before cratering to 1.36712 to start the week. 1.36936 is the more immediate resistance for bull to cross before even thinking about the day's high. The RSI’s weakness suggests this won’t be too difficult though, and 1.37189 might be the more formidable resistance.
by BlackBull_Markets
WTI CRUDE OIL Buy on this Falling Support. Sell below.WTI Crude Oil hit the Falling Support, the 3rd time making contact with and turns into a short term buy. Target 89.75 (Resistance A at 89.80). The medium term pattern is a Channel Up so id the Falling Support fails, take the small loss and wait for the bottom of the Channel Up to breaks. Sell and target 79.00 (1week MA50). A bearish reversal is quite probable at the moment since the 4hour MACD is on a strong Bearish Cross. Follow us, like the idea and leave a comment below!!
TVC:USOIL
by TheCryptagon
WTI Oil Bounces Cleanly Off Key Support – Uptrend in the Making⚪ WTI has firmly established an uptrend, with a breakthrough above the first supply zone while consistently respecting the uptrend trendline. ⚪ Notably, a recent rejection of the second supply zone took place. The positive aspect, though, is that after the breakout we witnessed a precise bounce off the 78.6% Fibonacci retracement support, indicating the uptrend's continuation. ⚪ This suggests that WTI might be on the brink of a substantial upward move. As a result, heading towards one of two Fibonacci resistance levels situated at $102 and $115. As always, we are sharing our trade setup in the channel!
FX:USOILSPOTLong
by CryptoPAMM
Strifor || XAUUSD-10/23/2023Preferred direction: BUY Comment: As expected, the metal rolled back from the level of 1981.683, a little, but true. This is exactly what we assumed in the extreme trading idea for gold. At the moment, the cutting of the indicated level continues, which will most likely end with the next update of the maximum. The chart shows two scenarios for long. It is 1 that is most considered, but the second scenario can also work if the bank player decides to expand the accumulation range. Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
10
USOIL WTI Technical Analysis And Trade IdeaIn this video, we conduct a comprehensive analysis of the USOIL market, with a primary focus on the prevailing bearish sentiment observed in higher timeframes. Notably, WTI has recently approached a critical support level. Throughout the video, we delve into essential elements of technical analysis, which encompass aspects such as the current trend, price action dynamics, market structure, and various other fundamental components of technical analysis. As we progress through the latter part of the video, we closely examine a potential trading opportunity. It is crucial to emphasize that the information presented here serves exclusively for educational purposes and should not be construed as financial advice. Engaging in currency market trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate risk management strategies into your trading plan.
OANDA:US30USDShort
by fxtraderanthony