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Crude Oil

USOIL Short for the next 9 monthsGood morning traders Monthly timeframe- I noticed that XTIUSD/ USCrude Oil is currently overbought on the RSI furthermore we see this month's candle rejecting on our resistance level. The massive resistance signals that we will open the next month bullish however the month of April will close bearish. Following the successful double bottom trade we took, I now anticipate a retest on the neckline of our double bottom before we return on our bullish rally. I am now placing a sell stop to take my profits in the three listed prices.
TVC:USOILShort
by Mezzoforte_Privilege
3
US Crude Oil Long for MN timeframeHi traders, We've had great successes trading crude oil over the past two years. We sent an analysis to short USOIL 9 months ago and it met most of our targets. What we see is that this commodity rejected on the neckline of our double bottom confirming that our double bottom is now complete. We will now take long positions to take profit at these prices: TP1 103 TP2 113 TP3 125 TP4 140 Because this nalysis is on the monthly timeframe, we anticipate our targets being met over a period of another 9 months considering pullbacks and market retracements. Please share your thoughts Discalimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
TVC:USOILLong
by Mezzoforte_Privilege
Indian Oil: % years Inverse Head and Shoulder BreakoutIOC has been in an Inverted H&S pattern formation since March 2018 which it completed in July 2023. Inverted H&S patterns often implicate a bullish run post pattern breakout and they become crucial specially when the pattern is in formation phase for dew years. IOC replicates a similar view and the stock has given a breakout in May 2023. The run still continues supported with high crude oil prices as well. With a long term view the stock seems to go upto 129 levels in few months from now. (Given the pattern is observed in monthly chart)
NSE:IOCLong
by chandakpulkit
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:USOILShort
by ShahedZare
Crude Oil Price Slows Down; Potential PullBack Below 84 ImminentThe bullish momentum of crude oil price appears slowing down around sellers' level, should the price break below $86.12, there's a heightened probability of oil reverting to test the prior support level situated below $84. N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #usoil #crudeoil #wti #brentoil
TVC:USOILShort
by BullBearMkt
WTI CRUDE OIL Potential Double Top rejection.WTI Crude Oil / USOIL has made a Double Top on the 88.00 mark and crossed today under the Channel Up that was in effect for 2 weeks. The current 4hour MACD and RSI pattern looks like the reversal sequence of August 10th. The decline that followed targeted the 4hour MA200. Sell now and target 82.80 (Fibonacci 0.5 as well as potential contact with the 4hour MA200). Previous chart: Follow us, like the idea and leave a comment below!!
TVC:USOILShort
by TheCryptagon
5
Crude Oil's Rollercoaster: Key Insights for InvestorsThe crude oil market has been a whirlwind of activity, with prices peaking at $129 in March 2022 and plummeting to $63 by May 2023. This volatility has led to a broad consolidation zone, stalling the formation of long-term trends. A pivotal support for these fluctuating prices has been the weekly 200 simple moving average. This indicator helped the price rebound from its low, pushing it above the $70 mark, which was also 2022's lowest point. By July, the price had escalated to over $80, indicating a possible shift in market sentiment. Year-to-date, crude oil has seen a modest yet promising 6% increase, a significant recovery from a 21% drop earlier in the year. This uptick is largely attributed to a 16% bullish surge in July. Last week, the market hit a milestone as prices broke the $83 resistance level, marking 2023's highest prices yet and potentially heralding a new trend. While there are no major resistance levels to halt this momentum, the $100 mark could serve as a psychological barrier, introducing some market turbulence. Recent trends suggest the onset of a bullish phase in crude oil, the first since March 2022. This presents a ripe opportunity for investors to recalibrate their strategies, as we may be on the brink of a sustained bullish trend.
TVC:USOILLong
by Sublime_Trading
WTI CRUDE OIL: First 1D Golden Cross in 3 years targets $93.WTI Crude Oil resumed the bullish trend after a short pullback in mid August and again turned overbought on the 1D timeframe (RSI = 71.691, MACD = 2.030, ADX = 28.614). On any other occasion that would be a signal to expect a new technical pullback, but given the fact that the 1D MACD just formed a new Bullish Cross, we can expect a continuation of this rise to the R1 (our TP = 93.00). As you can see, rises of such magnitude have been common in the past 12 months (green shapes). Additionally, the market has formed the first 1D Golden Cross since September 1st 2020, a strong bullish pattern indeed. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
2
📈 USOIL CFD Weekly Forecast: Smart Money Insights 🚀📈 USOIL CFD Weekly Forecast: Smart Money Insights Illuminate Crude Oil Bulls 🛢️💡 Description: In this TradingView idea, we explore the fascinating world of USOIL CFD on the Weekly timeframe, focusing solely on Smart Money concepts. We'll uncover how market dynamics are shifting, guided by the astute actions of institutional players, without relying on traditional indicators. 🚀📊 Key Points: 1. **Smart Money Wisdom:** We delve deep into the Smart Money concept, examining how institutional players are strategically positioning themselves in the USOIL market. This unconventional approach allows us to gain insights beyond traditional indicators. 💡🏦 2. **Bullish Momentum:** We unveil signs of a potential bull run, guided by the subtle but influential movements of Smart Money. As these market leaders take calculated positions, we'll discuss how their actions hint at a bullish trajectory. 📈🐂 3. **Liquidity Breakout:** Without relying on indicators, we explore the concept of liquidity and how its movement affects the broader market sentiment. We'll showcase how Smart Money's liquidity maneuvers have the potential to reshape the landscape. 💧💥 4. **Key Levels:** In the absence of traditional indicators, we identify key price levels that are essential for traders to monitor. These levels serve as strategic reference points for entering or exiting trades. 🎯📊 5. **Risk Management:** We stress the importance of risk management strategies in the context of Smart Money insights. Traders must maintain disciplined risk practices to navigate the market's unpredictability. ⚖️💼 6. **Trade Ideas:** While we don't provide specific trade recommendations, we discuss potential trade scenarios based on Smart Money actions. Traders can draw inspiration from these insights to craft their unique strategies. 🤝💡 7. **Disclaimer:** Trading USOIL CFDs involves inherent risks, and it may not be suitable for all investors. Before making trading decisions, it's essential to conduct thorough research and consider consulting with a financial advisor. 🚫💼🔍 This TradingView idea is all about uncovering the hidden narratives in the USOIL CFD market, driven by Smart Money players, without relying on conventional indicators. By understanding their strategic moves, traders and investors can gain unique perspectives to navigate Crude Oil's evolving landscape. 🛢️💰💼
TVC:USOILLong
by Asif_Brain_Waves
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
WTI OIL, Establishes Major Triangle Formation, Next Steps Ahead!Hello Traders Investors And Community, welcome to this analysis where we are looking at CRUDE OIL 4-hour timeframe perspective, the recent events, the current formational-structure, and what we can expect from CRUDE OIL the next times. As CRUDE OIL has recovered from its breakdowns seen this year to almost 0.00 USD which I mentioned the day this historical OIL crash happened we need to see if this recovery is serious and healthy on or if it just moves to note at lower levels again. As many experts stated such a major oil breakdown can happen again when the supply and demand balance does not move sufficiently and such shocks happen again. Furthermore, I detected some interesting and worthwhile technicals in the 4-hour chart which can determine the further outcome and go on to affect it also in the higher timeframes. As you can watch in my chart marked with the blue lines CRUDE OIL formed a major rising-triangle-formation with several confirmations of the higher and lower boundary where it recently confirmed with a protracted bearish move below the lower boundary which overall confirms this formation which is normally a bearish one and therefore more downside, furthermore, it is possible that CRUDE OIL forms some up-moves the next times to confirm the lower boundary as you can watch it marked in my chart before going on to look for downside targets. In this case it is important that CRUDE OIL shows bearish signs when the lower boundary has touched and moves to continue downside otherwise it can move higher and possibly invalidate the triangle which is not high at 30 % possibility but it is given therefore it should not be ignored. As you can watch also marked in green in my chart the 100-EMA which held the bullish trend to the upside now broken to the downside and therefore another validation for bearishness in the short-term. When CRUDE OIL falls below the 800-EMA marked in black also this can cause more bearish pressure and activation not only of the minimum-target-zone you can mark in my chart but also of lower levels. This formation structure can be traded either with immediate aggressive entry or conservative after the confirmation has occurred as there is still a small possibility given that the triangle invalidates the best way will be the conservative when the decisive confirmation has occurred. When CRUDE OIL moves on it will be highly interesting what it will do further and also on the higher timeframes as there are still some important signs to look at upon. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Trading effectively is about accessing possibilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
TVC:USOIL
by VincePrince
16
USOIL to drop toward $76 per barrel?After reaching nearly $85 per barrel three days ago, USOIL drifted lower with the global stock market. In the process, it retraced to its 20-day SMA, which acts as a significant support level. Furthermore, RSI, MACD, and Stochastic started to reverse and point to the downside on the daily chart. This bearish development could coincide with a short-term trend reversal and foreshadow USOIL’s return to the area between $75 and $76 per barrel. We want to see a bearish crossover between DM+ and DM- (on the daily time frame) to further bolster the bearish case. In addition to that, we would like to see the previously mentioned indicators continue to develop bearish structures. Illustration 1.01 Illustration 1.01 displays the daily graph of USOIL and two simple moving averages. The yellow arrow indicates a price retracement toward the 20-day SMA, which currently acts as a support level. If the support fails to stop selling pressure, it will raise the bearish odds. Technical analysis Daily time frame = Bearish Weekly time frame = Neutral 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:USOILShort
by Tradersweekly
8