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Crude-oil

Crude needs to bounce off retest support today...Previously bullish on Crude Oil, especially after it met expectations to break out of the triangle. However, it did meet resistance and failed with a gap down, pushing back to retest the triangle. At this point, pre-(US)market hours, Crude broke back into the triangle, which would be bearish in nature, expecting an exit on the other side to ensue in due course. So, in short, be the end of the trading day, Crude needs to spike back up above 18 May close. The OSL line is currently below the 55EMA. Will review again...
NYMEX:CL1!
by Auguraltrader
USOIL: Higher Crude Prices Coming The oil market is currently the battleground of a tremendously hard-fought struggle that will likely resolve in favor of higher prices with an increase in volatility along the way. After decisively holding the line above $100/bbl in recent weeks, Crude Oil looks ready to extend gains. On one side you have the price suppression from the US-led SPR releases, and the echoing effects of the FED and Central Banks stepping on the brakes. Then on the other side are the supplies as Russian crude gets harder to place (aside from Asia), risks to complementary sources of energy (especially gas), a foot-dragging OPEC+, and support for consumption in ex-China economies as they move beyond the pandemic. The latest news from Europe is supportive of prices, especially the choking off of Russian gas flows to Poland and Bulgaria . That'll boost energy costs, and may be the precursor to interruptions elsewhere . On top of all that, the EU is set to begin transitioning away from Moscow's oil , as well as a shift away from Russian business from major trading houses . U.S. crude stockpiles rose 619,000 barrels last week . However, refined products markets continued to show signs of extraordinary tightness as the disappearance of Russian oil forced Europe and Latin America to depend more on U.S. imports for fuel. Taking all this into consideration, Crude Oil looks set to push higher.
TVC:USOILLong
by NoOneWhoIsSomeone
2
USOIL - Choppy but still bearishYesterday, we showed a bearish breakout in the RSI of USOIL. Although, later, during the trading session, this breakout became invalidated, and RSI moved back above the horizontal support. Despite that, we remain bearish on the USOIL, and our price targets stay in place. Illustration 1.01 The idea above shows yesterday's intraday breakout below the support in the RSI on the daily time frame chart. Technical analysis - daily time frame RSI, MACD, and Stochastic are all bearish. The same applies to DM+ and DM-. ADX exhibits growth which signals that the bearish momentum is gaining strength. Overall, the daily time frame is bearish. Illustration 1.02 The picture above shows the retracement in the RSI on the daily chart. Technical analysis - weekly time frame RSI and Stochastic are bearish. MACD performed a bearish crossover recently; however, it remains in the upper area of the bullish zone. DM+ and DM- show bullish conditions in the market, with ADX suggesting their further deterioration. Overall, the weekly time frame is 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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
2
Light Crude Oil Potential bearish drop | 25th Apr 2022On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our 1st resistance at 101.55 where the pullback resistance and 23.6% Fibonacci retracement is to our 1st support at 94.03 in line with the horizontal swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal pullback support and 61.8% Fibonacci retracement at 105.46. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NYMEX:CL1!Short
by FXCM
Light Crude Oil Futures (CL1!), H1 Potential for Bearish dropType : Bearish drop Resistance: 105.59 Pivot: 104.39 Support : 100.38 Preferred case: Price is moving nearer to the pivot level. We are expecting the price to potentially reverse off from our pivot level of 104.39 in line with 50% Fibonacci retracement towards our 1st support at 100.38 which is in line with 50% Fibonacci retracement and horizontal swing low support . Alternative scenario: Otherwise, the price might break our pivot structure and head for the 1st resistance at 105.59 in line with the horizontal pullback resistance. Fundamentals: After sanctions against Russia - the world's second-largest oil exporter and a vital European supplier - over its invasion of Ukraine, oil prices have been boosted by a tighter supply picture. Markets are uncertain and neutral at this current juncture.
NYMEX:CL1!Short
by Genesiv
UKOIL potential for a bounce! | 8th April 2022Prices are approaching a pivot . We see the potential for a bounce from our buy entry at 100.83 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement towards our Take Profit at 109.49 in line with 127.2% Fibonacci Projection . RSI is at levels where bounces previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:UKOILSPOTLong
by FXCM
Light crude oil Futures ( CL1! ), H4 Potential for further dipsType : Bearish dip Resistance : 104.56 Pivot: 102.83 Support : 98.24 Preferred case: Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our pivot at 102.83 which is a graphical overlap and in line with 38.2% Fibonacci Retracement towards our 1st support at 98.24 in line with 61.8% Fibonacci Projection . Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 104.56 which is a graphical swing high and in line with 78.6% Fibonacci Projection. Fundamentals: Biden Administration stated its intent to release around 1m bbl /day of oil from the SPR to ease the inflation situation in the country, supporting a bearish bias.
NYMEX:CL1!Short
by Genesiv
🛢️ USOIL ❕ (Crude Oil)- Time To Going Up $130 🔔Hello Traders! According to my analysis first, a second things it's what's happening in Saudi Aramco’s Jeddah oil depot hit by Houthi attack. USOIL will be go to a bullish movement start at Monday, as you see in my chart a bullish engulfing candle for a 3H and 4H time frames, on the 2H time frame we see that the bulls or buyers in control above the 200 moving average. the price will be go to the resistance area that represented by red lines Between $115 - $116.5, when it broken the price will be go up to our target at $130 -------------------------------------------------------- Trade Idea for USOIL ( Crude Oil ) : - Wait for a pullback movement at the green support rectangle then buy - TP1 AT $120 - TP2 AT $125 - TP3 AT $130 NB: The probability of what I analyzing, is to be true unless the opposite is proven Feel free dear trader to share with me your opinion, and also your analysis & Follow me for more analysis and also keep watching Have a nice trading
TVC:USOILLong
by UnknownUnicorn9508632
7
WTI @ Crispy Potato28/03/2022 FORECAST FOR WEEK 5 MARCH 2022 = BULL DAYS WEEK 4 OF MARCH FORECAST WAS = BULL = ACCURATE PROBABILITY FOR WEEK 5 MARCH = BULL This week opened Bull with some of the lowest volumes in a while indicating price can easily rise further. Tuesday produced a small bear candle noting an increase in volume, decent too. This didn't produce any move the next day. Wednesday was Bull, a slight drop in volume, Thursday Bear again, with another increase in volume. Friday opened lower but finished small Bull, volume matches Thursday's volume. Path of least resistance says Bull week again. WEEK WEEK 4 OF MARCH FORECAST WAS = NEUTRAL = ACCURATE PROBABILITY FOR WEEK 5 MARCH = BULL This week was a decent bull candle. The volume has picked up again from last week around 5% more. There was little tail on the bottom of this, indicating not a great deal of effort was applied to bring the price lower. The OBV is still affected by the rather large move 3 weeks ago which makes it difficult to interpret.
OANDA:XAUUSDLong
by eatmycrispypotato