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Hellena | Oil (4H): Short to 100% Fibo lvl 62.238.Colleagues! If we believe the wave pattern, the price is now in a strong impulsive downward movement. I believe that the price will renew the lows and rush to the area of 100% Fibonacci extension to the area of 62.238. Wave 3 lower wave should be completed there. But we should not forget that the price is in wave 3 of the higher and middle order, which means that there are more chances for a downward movement! There are 2 possible courses of action: 1) The riskier one is to open a short position on the market. 2) Conservative - wait for the price to rise, and enter with less risk. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
23
WTI OIL 4H RSI Bullish Divergence sending a strong buy signal.WTI Oil (USOIL) stopped yesterday's rebound on the 4H MA50 (blue trend-line) and is now on a small pull-back. Technically that is the Resistance level it needs to break if it wants to break-out aggressively towards the long-term Resistance Zone. There are high probabilities of doing so, as the 4H RSI formed Higher Lows, which is a Bullish Divergence against the Lower Lows of the price. In fact, it is the exact same formation as the October 01 Low that rebounded aggressively above the 0.786 Fibonacci retracement level. As a result, we are bullish on this one, targeting $76.00 (the 0.786 Fib currently). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
2
WTI H1 | Bullish Reversal Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 68.24, which is a pullback support close to 50% Fibo retracement Our take profit will be at 70.11, a pullback resistance. The stop loss will be placed at 66.95, which is an overlap support level. 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. 64% 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. 66% 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
Weekly Forecast Nov. 18th: Silver / Platinum / Copper /Crude OilThe precious metals have been bearish over the last couple of weeks. Will the market shift to a bullish one this week? Crude Oil has been bearish-neutral. Institutional players are busy adding to their sell positions. What will the market do this week? Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX_MINI:SIL1!
by RT_Money
USOIL:Long after the pullback trading strategy Crude oil yesterday is also strong pull up, the overall bullish thinking and expectations are consistent, coupled with the contract delivery today, crude oil will be likely to break through the previous strong pressure 69.40 this position, crude oil thinking is also low bullish; Asia-europe session is expected to shock before pulling higher, pay attention to 68.5-68.3 support, in addition to the previous crude oil inventory data is also positive, crude oil may enter a wave of bulls. Upper targets see 69.4-70.6
TVC:USOILLong
by Boooooob
USOIL Technical Analysis! BUY! My dear friends, Please, find my technical outlook for USOIL below: The instrument tests an important psychological level 66.90 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 69.70 Recommended Stop Loss - 65.24 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
TVC:USOIL
by AnabelSignals
1
How To Trade Natural Gas: Tools and Approaches How To Trade Natural Gas: Tools and Approaches Natural gas trading presents unique opportunities due to its critical role in the global energy market and its inherent volatility. This article delves into the various strategies and tools traders can use to navigate natural gas CFDs, from fundamental and technical analysis to understanding market dynamics. Overview of the Natural Gas Market Made up of primarily methane, natural gas is a key fossil fuel that’s grown in use over the past two decades. It forms deep beneath the Earth's surface from the remains of plants and animals buried under layers of sediment and subjected to intense heat and pressure over millions of years. It’s typically found near oil reserves and must be extracted and processed before it can be used. Natural gas is a relatively clean-burning energy source, at least compared to coal or oil. It plays a crucial role in the global energy sector, accounting for about 23% of energy consumption worldwide in 2023, according to Statista, and 33% of US energy consumption in 2022, according to the EIA. It’s also highly versatile, used across various sectors. For instance, in 2022, natural gas provided approximately 38% of the energy consumed by the US electric power sector (EIA), making it a primary source for electricity generation. The industrial sector also accounted for around 32% of natural gas consumption, using it as both a fuel and a raw material for producing chemicals, fertilisers, and hydrogen. Natural gas is also essential for residential and commercial heating, particularly in colder regions. Moreover, the transportation sector adopts natural gas, particularly in the form of compressed natural gas (CNG) and liquefied natural gas (LNG), to reduce emissions and costs. Market Structure and Participants The natural gas market consists of various key players, including producers, consumers, and traders. Major producing countries include the United States, Russia, and Qatar. According to the EIA, the US led the world in LNG exports in 2023, averaging 11.9 billion cubic feet per day​. Natural gas production involves extraction, processing, and transportation to end-users via extensive pipeline networks and LNG shipping routes. The supply chain for natural gas begins with extraction from reservoirs, followed by processing to remove impurities and liquids. The processed gas is then transported through pipelines or converted into LNG for shipping to international markets. Once delivered, it is distributed to consumers for the various applications described. Key participants in the natural gas market include multinational energy companies (e.g., ExxonMobil, Gazprom), regional producers, and numerous traders who facilitate the buying and selling of natural gas on commodity exchanges. These players operate within a complex regulatory framework that varies by country, influencing production levels, prices, and market dynamics​. Key Factors Influencing Natural Gas Prices Let’s now take a closer look at the factors driving natural gas prices. Supply and Demand Dynamics The balance of supply and demand is a fundamental driver of natural gas prices. On the supply side, production levels play a crucial role. As with many commodities, higher production, in this case driven by advancements in extraction technologies like hydraulic fracturing, typically leads to lower prices. Storage levels also impact prices; high storage volumes, or inventories, can cushion against supply disruptions, keeping prices relatively stable. Conversely, low storage levels can lead to price spikes. Consumption patterns are equally important; industrial usage, residential heating, and electricity generation are primary demand drivers. Additionally, the cost of extraction, including technological and labour costs, feeds into the overall pricing of natural gas​. Geopolitical Events and Policies Geopolitical stability and regulatory policies significantly affect natural gas prices. For example, the substantial 2022 reduction of Russian gas exports to Europe caused record price increases due to severe supply constraints​​. Trade policies, such as tariffs and export restrictions, also impact prices. The US has seen a notable rise in LNG exports in recent years and become a major supplier of natural gas to Europe. Recent policy decisions aimed at energy security and diversification, especially in Europe and Asia, have led to increased demand for non-Russian natural gas, affecting global prices​. Weather Patterns and Seasonal Variations Weather significantly affects natural gas demand and supply. Cold winters increase demand for heating, often leading to higher prices, while mild winters can reduce demand and depress prices. Similarly, hot summers boost demand for electricity to power air conditioning, influencing prices. Natural disasters like hurricanes can disrupt production and transportation infrastructure, causing supply shortages and price spikes​. Natural Gas Trading Instruments When it comes to actually trading gas, there are a few instruments traders use. Contracts for Difference (CFDs) CFDs are a popular instrument for trading natural gas due to their flexibility and leverage. A CFD is a derivative that allows traders to speculate on the price movements of natural gas without owning the physical commodity. Traders can go long (buy) if they anticipate price increases or short (sell) if they expect prices to fall. They are the most popular choice for anyone looking to be a natural gas trader. The CFD natural gas symbol is XNGUSD. You can trade US natural gas CFDs in FXOpen’s TickTrader trading platform. One of the main advantages of CFDs is leverage, which allows traders to control a large position with a relatively small amount of capital, potentially enhancing returns but also increasing risk​​. Additionally, CFDs offer access to the natural gas market with lower upfront costs and the convenience of trading on various platforms without the need for storage or delivery logistics​. Futures Contracts Natural gas futures are standardised contracts traded on exchanges such as the New York Mercantile Exchange (NYMEX). These contracts obligate the buyer to purchase a specific amount of natural gas at a predetermined price on a future date. Futures are widely used by producers and consumers to hedge against price volatility and by speculators seeking to take advantage of price movements​. While natural gas futures are suitable for some traders, their complexity and potential obligation to take delivery may deter those simply looking to speculate on the market’s price movements. Options Contracts Options on natural gas futures provide the right, but not the obligation, to buy or sell futures contracts at a set price before the option's expiration. These can be used to hedge positions in the natural gas market or to speculate with limited risk. Options strategies can range from simple calls and puts to more complex combinations like spreads and straddles, but are also highly complicated and require a strong understanding of how options work. Exchange-Traded Funds (ETFs) ETFs allow investors to gain exposure to natural gas prices without trading futures or options directly. These funds track the price of natural gas or the performance of natural gas companies. ETFs are generally used by investors to diversify their portfolios and participate in the natural gas market with lower complexity compared to futures and options​. What to Know Before Trading Natural Gas Before trading natural gas, it’s important to consider the following key aspects: - Trading Units: Natural gas is typically traded in units of million British thermal units (MMBtu). - Trading Hours: Natural gas trading hours are specific, with futures trading on the NYMEX from 6:00 PM to 5:00 PM ET, Sunday through Friday. Ensure you know the trading schedule of your platform before getting started. Both CFD US natural gas and forex pairs can be traded on FXOpen’s TickTrader platform on a 24/5 basis. - Volatility: Natural gas prices are highly volatile, often more so than currency pairs and many other commodities. Be prepared for significant price swings. - Spreads: The relatively wide spread of natural gas, or the difference between the bid and ask price, can lead to higher trading costs. - Leverage and Margin: Trading natural gas, especially through CFDs, involves leverage, which can amplify both gains and losses. Ensure you understand margin requirements and risk management strategies​ before getting started. Key Strategies for Trading Natural Gas CFDs Trading natural gas CFDs can be a lucrative endeavour, but it requires a solid understanding of the market and effective natural gas trading strategies. Fundamental Analysis Fundamental analysis focuses on the economic factors that influence natural gas prices. Key elements include supply and demand dynamics, inventory levels, and macroeconomic indicators. For instance, the US Energy Information Administration (EIA) releases weekly reports on natural gas storage levels, which provide insights into supply and demand balance. High inventory levels generally indicate lower prices, while low inventory can signal higher prices due to anticipated supply constraints​. Economic growth and industrial demand also play significant roles; as industries expand, natural gas consumption typically rises, driving prices higher​. Moreover, expectations of colder-than-normal winters increase demand for heating, driving prices up, while mild winters can suppress demand. Lastly, geopolitical events, such as conflicts in gas-producing regions, can disrupt supply chains and cause price volatility. Technical Analysis While fundamental analysis helps determine the market outlook, technical analysis is often used by traders to find entry and exit points. Key principles like support and resistance levels, trend identification, and breakout strategies still apply in natural gas markets. However, price volatility may make some established technical strategies less effective. It’s key to test different indicators and patterns to find what works best. Momentum indicators, such as the Stochastic indicator or Moving Average Convergence Divergence (MACD); trend tools, like the Average Directional Index (ADX) and moving averages; and volume-based tools, such as the VWAP and Fixed Range Volume Profile (FRVP), can all assist in analysing and trading natural gas CFDs. In practice, a fundamental-first approach may look like a trader monitoring inventory reports, economic growth, and weather patterns to gain an idea of the market’s direction. They might then use technical analysis signals to time trades and find precise entry and exit points. Sentiment and Positioning Analysis Sentiment analysis involves gauging the overall market mood, which can significantly influence natural gas prices. While there is no single unified measure of natural gas trading sentiment, tools such as Investing.com’s Natural Gas Scoreboard can offer a quick look at how traders view the market. Market positioning can be identified using the Commitment of Traders (COT) report, which shows the positions of different market participants in natural gas futures contracts. Generally speaking, bullish sentiment and positioning might drive prices up, while the opposite sentiment can push prices down. However, traders should also note that sentiment and positioning can indicate overreactions, creating opportunities for contrarian strategies. Tools for Trading Natural Gas There are several tools that traders can use to analyse and trade natural gas. For instance: 1. Trading Platforms - TradingView: Offers comprehensive charting tools and real-time market data. - MetaTrader 4/5: Provides advanced trading and analysis tools widely used by traders. - TickTrader: FXOpen’s own TickTrader features an advanced charting platform with more than 1,200 trading tools. You can trade at any of these platforms with FXOpen. 2. Inventory and Storage Reports - EIA's Natural Gas Weekly Update: Offers comprehensive analysis of markets, including supply, demand, and price trends. - EIA’s Natural Gas Weekly Storage Report: Features a snapshot of the US supply of natural gas across different regions. 3. Sentiment and Positioning - CFTC's Commitments of Traders (COT) Report: Provides insights into market positioning by different trader categories. - Investing.com’s Natural Gas Scoreboard: Indicates the bullish or bearish sentiment surrounding natural gas. 4. Market Reports - American Gas Association (AGA) Reports: Provides detailed analysis and statistics on markets. 5. Weather Forecasts - AccuWeather or Weather Underground: Accurate weather forecasts are essential as they significantly impact natural gas demand. - National Oceanic and Atmospheric Administration (NOAA): Offers long-term climate predictions. 6. News Websites - Bloomberg - Reuters - MarketWatch - CNBC 7. News Aggregators and Economic Calendars - Energy EXCH - FinancialJuice The Bottom Line Trading natural gas can be an interesting endeavour with the right strategies and tools. By understanding market dynamics and leveraging advanced platforms, traders can navigate this volatile market effectively. Open an FXOpen account to access a robust trading platform and start trading natural gas CFDs today, maximising your trading potential with professional tools and support. FAQs Where Can I Trade Natural Gas? You can trade natural gas through brokers that offer CFDs, such as FXOpen. These platforms allow you to speculate on live prices without owning the physical commodity. FXOpen provides a natural gas trading platform via TickTrader, known for its user-friendly interface and access to a wide range of trading tools and resources​. How to Trade Natural Gas? Trading natural gas can be done through various methods, including CFDs, futures, options, and ETFs. CFDs are most popular for retail traders due to their lower capital requirements and leverage options. How to Buy Natural Gas Futures? To buy natural gas futures, you need to open an account with a broker that offers futures trading, such as CME Group. After funding your account, you can trade futures contracts, which are standardised agreements to buy or sell natural gas at a specific price on a future date. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XNGUSDEducation
by FXOpen
USOIL Will Go Down! Sell! Here is our detailed technical review for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 69.181. Considering the today's price action, probabilities will be high to see a movement to 63.975. 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!
OANDA:WTICOUSDShort
by SignalProvider
1
Brent - Oil waiting for a new war?!Brent oil is located between EMA200 and EMA50 in the 4H time frame and is moving in its upward channel. At the bottom of the rising channel, which is also at the intersection with the demand zone, we will look for oil buying positions. In case of a valid failure of the downward trend line, we can witness the continuation of this upward trend. Senior Russian lawmakers have warned that Washington’s decision to allow Kyiv to launch deep strikes into Russia using American long-range missiles will escalate the conflict in Ukraine and could lead to World War III. Vladimir Dzhabarov, the first deputy chairman of the Russian upper house’s foreign affairs committee, stated that Moscow’s response would be immediate. Speaking to the state-run TASS news agency, he remarked, “This is a significant step toward the start of World War III.” Russia’s Ministry of Defense confirmed that its missile defense systems had intercepted five out of six missiles fired. According to the RIA news agency, debris from one of the missiles, part of the U.S. Army’s ATACMS tactical missile system, landed near a military facility in the Bryansk region. Interfax news agency also reported that the attack on Bryansk was confirmed and attributed to Ukraine’s use of ATACMS missiles. Russian Foreign Minister Sergey Lavrov described Ukraine’s strikes on Russia’s border regions using ATACMS missiles as a clear message of escalating tensions. He also noted that President Vladimir Putin had previously issued warnings about such actions. Mike Waltz, a congressman from Florida, stated on November 18 that the Biden administration’s decision represents another step up the escalation ladder, with no clear end goal in sight. Meanwhile, Donald Trump Jr. warned on X that this move risks sparking “World War III,” echoing Kremlin warnings. Former President Trump has yet to outline a specific plan for ending the war, raising concerns that he might pressure Ukraine into accepting an unfavorable agreement with Russia. In other developments, Francisco Blanch, a commodities strategist at Bank of America, noted that Trump’s pledge to impose hefty tariffs to boost U.S. manufacturing and create jobs could lower commodity prices. Speaking on Bloomberg TV, he remarked, “Trump’s priority is the U.S. economy.” Trump has proposed a 20% tariff on all foreign goods and a 60% tariff on Chinese imports. Experts warn that such a strategy could lead to inflationary pressures. Meanwhile, the Biden administration has halted issuing LNG export licenses to countries without free trade agreements with the U.S., citing the need to study the environmental, economic, and national security impacts of such exports. Additionally, a report reveals that BP’s ambitious efforts five years ago to transform from an oil company to a low-carbon energy business have been reversed. BP is now focusing on reclaiming its position as an oil and gas giant, addressing investor concerns over future profitability. Competitors like Shell and Equinor have similarly scaled back their green energy plans due to the energy shock from the Ukraine war and the declining profitability of renewable projects. BP CEO Murray Auchincloss plans to invest billions in new oil and gas projects in the Gulf of Mexico and the Middle East while slowing down its low-carbon operations. The company has halted 18 initial hydrogen projects and announced plans to sell off wind and solar operations. Both BP and its competitors continue to invest in low-carbon energy but are focusing more on quickly profitable sectors like biofuels. Offshore wind and hydrogen projects that have already commenced will proceed, with additional investments considered only if competitive returns are assured.
BLACKBULL:BRENTLong
by Ali_PSND
Usoil trade setupWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.30 on Wednesday. The WTI price trades flat after Ukraine used US ATACMS missiles to strike Russian territory for the first time. On Tuesday, Russia’s defense ministry said that Ukraine hit a facility in the Bryansk region with six ATACAMS missiles. In response, Russian President Vladimir Putin lowered the threshold for a possible nuclear strike. The rising geopolitical tensions could boost the WTI price for the time being. "This marks a renewed build up in tensions in the Russia-Ukraine war and brings back into focus the risk of supply disruptions in the oil market," ANZ Bank analyst Daniel Hynes said.
TVC:USOIL
by KingForex078
FORECAST UPDATES! Silver / Platinum / Copper /Crude OilTuesday Nov. 19 Price has tipped its hand, and traded through the -FVGs on all of the metals. The bullish rallies give us a bias to base our buy setups on! Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:HG1!Long
by RT_Money
Chevron (CVX): Bottom in Sight?Chevron ( NYSE:CVX ) has maintained a wide range between $167 and $137 since March 2022, with one notable push above this range likely corresponding to the completion of wave 3. The focus is now on identifying the wave 4 bottom, which we anticipate to form between the 50-61.8% Fibonacci retracement levels, or $128–$113. This range is supported by key technical indicators, including a High Volume Node Edge and a Point of Control (POC) within this area, adding significant confluence. From a macroeconomic perspective, Chevron faces challenges from declining crude oil prices, which is impacting investor sentiment. Despite a brief surge in oil-and-gas stocks following Donald Trump’s victory, this momentum has not sustained across the sector. Broader bearish factors such as weak Chinese demand, global overproduction, and OPEC’s indecision on further cuts add to the uncertainty. Bullish bets on oil due to geopolitical tensions have largely underperformed over the last two years, further pressuring the commodity and Chevron. Should NYSE:CVX reclaim the range high at $167, it could signal a trend reversal, suggesting the wave 4 bottom may already have formed at $135.55, the last significant low. However, if the resistance holds, further downside into the targeted area seems likely. We will continue monitoring how global tensions, oil price fluctuations, and broader market conditions impact Chevron’s performance. Until then, patience is key as we await a clear signal.
NYSE:CVXLong
by freeguy_by_wmc
Natural Gas Prices Reach Yearly HighsNatural Gas Prices Reach Yearly Highs According to the XNG/USD chart, natural gas prices have risen by approximately 13% since early November and this week hit a new 2024 high. Factors Driving Bullish Sentiment (as reported by Reuters): → A sharp increase in global gas prices. → Forecasts of colder weather and higher heating demand in the United States. Will Natural Gas Prices Continue to Rise? From a fundamental perspective, the Energy Information Administration (EIA) forecast on 13 November predicts natural gas prices could peak in January 2025. From a technical analysis standpoint of the XNG/USD chart, the $3.200 level is a critical resistance, having previously triggered price reversals in October (B) and June (not shown on the chart). Price movements since early August have formed a trend channel (shown in blue). Bullish Arguments: → The $2.7 level serves as support, aligned with Fibonacci retracement levels, as the B→C pullback is at 50% of the A→B rise. → The $2.93 level has flipped from resistance to support (indicated by arrows). Bearish Arguments: → Prices reversed sharply downward earlier this week from the $3.200 level, showing seller activity. → Reports indicate utilities are injecting gas into storage at faster-than-expected rates, suggesting stockpiles could meet increased cold-weather demand. Bulls may attempt to keep prices within the blue channel and make further attempts to breach the $3.200 level. However, XNG/USD signals show that bears are ready to push back. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XNGUSD
by FXOpen
2
USOIL Trend Analysis1. Trend Analysis Zero Lag Trend Indicator: On the M5 and M15 timeframes, the Zero Lag Trend Indicator signals a bearish trend, with the price trading below the Zero Lag EMA and recent bearish crossovers. On higher timeframes like H1 and H4, the trend remains bullish, indicating that the current bearish movement on lower timeframes may be a retracement within the broader uptrend. Multi-Timeframe Confirmation: The alignment of bearish signals on lower timeframes and bullish signals on higher timeframes suggests a potential buying opportunity if the price reaches a significant support level and shows signs of reversal. 2. Key Levels Identification Support and Resistance: Support Levels: $68.50: Recent swing low and a psychological support level. $68.00: A round number and potential strong support. Resistance Levels: $70.00: Previous swing high and potential resistance. $70.50: Another round number and resistance level. Order Blocks: A bullish order block is identified around $68.50, indicating potential institutional buying interest at this level. 3. Liquidity Zones and FU Candles Liquidity Grabs: Potential liquidity exists below $68.50, where stop-loss orders from retail traders may be clustered. FU (Fakeout) Candles: On the M5 timeframe, a bullish FU candle is observed near $68.50, suggesting a possible reversal and trapping of bearish traders. 4. Entry, Stop-Loss (SL), and Take-Profit (TP) Strategy Entry: Long Position: Consider entering around $68.50 after confirming support at $68.50 holds and observing bullish reversal patterns (e.g., bullish engulfing candle). Stop-Loss (SL): Place the SL below $68.00, at $67.50, to protect against potential false breakouts and account for market volatility. Take-Profit (TP): Set the TP at $70.00, near the next significant resistance level, maintaining a 1:3 risk-reward ratio. 5. Example Trade Setup Scenario: Current price: $69.05. Bearish trend on lower timeframes; bullish trend on higher timeframes. Plan: Entry: $68.50 (after confirming support at $68.50). Stop-Loss (SL): $67.50 (below $68.00 support). Take-Profit (TP): $70.00 (near resistance). Risk-Reward Ratio: 1:3, where the risk is $1.00 ($68.50 - $67.50), and the reward is $1.50 ($70.00 - $68.50). 6. Additional Considerations Market News: Monitor economic indicators and news related to oil, such as OPEC meetings and geopolitical events, as they can impact volatility. Risk Management: Risk 1-2% of your trading capital per trade to ensure sustainable trading practices.
FOREXCOM:USOILLong
by priceactionindonesia
Oil prices rebound on geopolitical concerns in Eastern Europe After a week of decline, oil prices rose sharply due to increased geopolitical risks in Eastern Europe, including the possibility of long-range missile attacks. Meanwhile, the IEA has noted a decline in global oil demand due to China's slowing economic growth. They added that this trend may result in an oversupply of 1 million barrels per day in the global crude oil market next year. After testing a trend line, USOIL advanced to 69.00. However, the price remains below both EMAs and still maintains bearish momentum. If USOIL breaks below the trend line again, the price could fall further to the support at 64.80. Conversely, if USOIL breaches above EMA21 and the 70.00 threshold, the price could gain upward momentum toward the resistance at 73.30.
TVC:USOIL
by inkicho_exness
2024-11-18 - priceactiontds - daily update - oilGood Evening and I hope you are well. tl;dr oil - I talked about the previous low 66.72 extensively and today bears dipped below but bulls bought it with vengeance. We are on our way to 70 and a test of the bear trend line from the October high. I do expect the lows to be in and we go higher from here. Best for bulls would be to make 68 support and keep the market above, below I am probably wrong and we chop more at the lows. comment : If bulls get follow through to 70 tomorrow, bulls are in control again until they fail at the bear trend line (breakout above is possible). I do think the low 66.27 can hold. Right now it’s unclear if bulls are as strong as today looks because it’s only an expanding triangle over the past 5 trading days and bulls could not close today above the daily 20ema which is 20 points above us. So it’s possible that the descending triangle continues for more days before we get a breakout. Not much interest in selling this though. Will continue to long against 67. current market cycle : trading range (big triangle on the daily chart) key levels: 66 - 70 bull case: Bulls need follow through and test 70 tomorrow. A close above it would turn the market always in long and bulls in full control then. The bear trend line is the next target to break but until that happens, 70 is likely resistance and we go more sideways. Invalidation is below 66.27 bear case: Bears want to keep the trading range at the lows going since they are making new lows. Selling above 69 has been profitable for the past week and until that changes and bulls trap bears, we can expect bears to keep trying. Invalidation is above 71. short term: Neutral but looking for longs when it’s clear that bulls can keep the 1h ema support. Will otherwise wait for market to come down to 67/67.5 and scale into longs. No interest in selling. medium-long term - Update from 2024-10-20: No idea where this wants to go in the remaining 2 months of this year so I am neutral until we have a better pattern. The big triangle on the weekly chart is alive and until that changes, no more updates. current swing trade: Nope trade of the day: Buying the liquidity grap down to 66.27. The price action there on the very low tf was really interesting. Basically bears just left. Two more quick retries but only made higher lows and then a giant give up bar by the bears for 123 ticks on the 1h tf.
NYMEX:MCL1!
by priceactiontds
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