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Oil - Crude (WTI)

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OIL_CRUDE trade ideas

WTI continues to decline, even as Biden reverses policyAccording to CFTC data, the net long position of crude oil speculators decreased by 21,944 lots to 71,587 lots, reflecting that market expectations of rising crude oil prices have cooled. TVC:USOIL fell during the Asian session on Monday (November 18), trading around $66.90/barrel, a drop equivalent to 2.43% on the day. Basically, although the geopolitical situation is heating up, its impact on oil prices is limited. The main reason is that global demand is expected to continue to decline, which is an important factor limiting the recovery of oil prices. EIA inventories also increased last week, which is not favorable for a supply-side recovery in oil prices. According to CFTC data, the net long position of crude oil speculators decreased by 21,944 lots to 71,587 lots, reflecting that market expectations of rising crude oil prices have cooled. Biden reverses policy on Russia-Ukraine conflict, allowing Ukraine's military to use US weapons to attack Russia's homeland President Joe Biden's administration has allowed Ukraine to use US-made weapons to attack Russia's homeland Russian land. This is a major reversal in Washington's policy in the Russia-Ukraine conflict. Sources said Ukraine plans to launch its first long-range strike in the coming days, but they did not disclose details due to concerns about operational security. There are still two months until President-elect Trump will take office on January 20. Ukrainian President Volodymyr Zelensky has for months asked for Ukraine's military to use US weapons to attack military targets deep inside Russia. Biden's policy reversal has created some risks in the market, but it is also not considered good support for oil prices when there is a very high possibility that when Trump takes office, all policies related to the War in Ukraine will be abolished. On the daily chart, TVC:USOIL is still maintaining the main downtrend sent to readers in previous publications with the current short-term target at about 66.44USD. The relative strength index (RSI) is pointing down with a steep slope and away from the oversold area, suggesting a broad bearish outlook ahead. As long as WTI crude oil remains below its 21-day moving average (EMA21), it will still have a bearish near-term trend outlook. And once WTI crude oil is sold below 66.44USD it will have the conditions to fall a bit more with the target then being around 65.28USD. During the day, the downtrend of WTI crude oil will be noticed again by the following technical levels. Support: 66.44 – 65.28USD Resistance: 68.11 – 68.77USD
TVC:USOIL
by Xayah_trading
USOIL CHART ANALYSIS - NOV 18📊 USOIL CHART ANALYSIS 📈 Technical / Naked Price Action ⚖️ Overall Sentiment: Indecision 🍥 🎲 Hello traders! Let’s take a closer look at TVC:USOIL , which is currently at a critical juncture. The price is sitting within the mid-range of a long-term yearly support zone that spans $68 - $64. At the moment, USOIL is hovering around the $67 mark, reflecting a high level of market indecision. 💡 Key Observations: 🔴 SELL Scenario: A sell opportunity arises if the price breaks below $64, signaling a bearish continuation. 🟢 BUY Scenario: A buy opportunity could emerge if the price closes above $68, potentially leading to a retest of the descending triangle’s resistance trendline near $76. 📌 Trading Tip: For now, it’s best to exercise patience and wait for the market to decide its next path and confirm its direction. 🧠 Let’s Collaborate! Share your ideas, thoughts, and charts in the ⁠💬┃community-chat channel. Got questions? Let us know—we’re eager to hear how you think USOIL will move next! Best Regards, The NFX Team™ 💚
FX:USOIL
by niclaxfx
USOIL A HARMONIC CRAB FOR 100$HELLO FRIENDS As i can see us oil is now trading near 67.00 $ i can see a strong horizontal Support Zone on Daily based and weekly based also we can see a bullish crap harmonic pattren with FIb retracement it can be a life changing trade we need patience time will decice after theses over sold weeks on oil and wars are the world will boost the demand because wars r not based on EV, they need Crude also fundamental issues and tight supply with exceeding demand will boost the price charts always talk we always prefer 80% of technical Friends our trade idea is based on very lower risk and big weekly rewards it's just a trade idea share Ur thoughts with us Stay Tuned for more updates
TVC:USOILLong
by APEX_TRADING_ACADMEY
#CrudeOil #USOil Higher Time Frame #H4 Analysis #CrudeOil #USOil Higher Time Frame #H4 Analysis 🛢️📉 Currently, #USOil is under significant selling pressure, with prices likely heading towards the 65-63.50 zone. This area is critical, as it previously acted as a strong support during past crises, pushing prices higher. 🔄 🔹 Bullish Scenario: If prices tap into this zone and show a quick rejection, we’ll look for confirmation to plan our buys. This area could once again trigger an upward bounce. 📈 🔻 Bearish Scenario: However, if the 63.50 level fails to hold and we see a fully bearish #H4 candle close below it, we’ll prepare for a significant correction. A breakdown could open doors for a massive drop, potentially driving prices down to the 55-56 range. 💥 Stay sharp and ready to react based on price action around this crucial zone! ⚠️
FX:USOILShort
by MrKTechnicalLevels
USOILForex trading involves higher leverage (up to 50:1) and 24/5 market access, focusing on currency pair movements affected by economic data, interest rates, and geopolitical events - the key risk is that high leverage can quickly amplify losses, plus overnight positions face swap fees and gap risks during major news. Stock trading typically offers lower leverage (2:1 to 4:1), operates during exchange hours, and focuses on company fundamentals, earnings, and broader market sentiment - main risks include earnings surprises, market volatility, and lower liquidity in individual stocks compared to major forex pairs, while key advantages include better transparency through public financial reports and generally lower spreads than exotic forex pairs.
FX:USOILLong
by HavalMamar
Oil Markets Into Monday This Week (18th Nov)Oil has continued to be subdued post election, with no real demand feeding into it. Price action consists of strong momentum south side into key area(s) seen previously for longs. For that reason, I hold a long bias, but only lightly as we are rushing back to lows (no clear strength/investor willingness) and current price action represents the same story (higher chance of low break). NOT breakout shorting. Just awaiting further longs lower (DCA).
TVC:USOIL
by WillSebastian
2
USOIL FORECAST Q4 FY24 - FY25monthly timeframe just to show em we the big dogs The last post was short lived lasted a month then went to the bears in this analysis i see price going up higher for longer in the long run as i anticipate some serious global tensions to follow through, wont speculate on conspiracies only prices that said price didnt break our level yet again and from 12/22 to now price was in an accumulation distribution range as the big money slowly but sure buy up more inventory hidden in plain sight LIKE COMMENT FOLLOW need help i got you comment an instrument thats been bothering you all asset classes
FXOPEN:XTIUSDLong
by Bekiumuzi_Dube
USOIL Will Go Lower From Resistance! Short! Please, check our technical outlook for USOIL. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 66.952. Taking into consideration the structure & trend analysis, I believe that the market will reach 66.542 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILShort
by SignalProvider
1
plan to trade USOIL if it goes further down or reverse the trendcurrently, the price of USOIL is at quite a strong support level which has not been broken in the last couple of years but the trend is overall bearish the trendline has also been tested 2-3 times but remained intact. Right now the price has been in the range for quite some time but if it breaks the drawn support level it will go down sharply. Traders who want to sell must get confirmation of the broken support level. On the other hand, those who want to buy should wait for the price to break the trendline and make new HH and HL.
FX:USOILShort
by faisal-101
1