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Energy Commodities

USOIL ( BREAKOUT DEMAND ZONE ) (4H)USOIL HELLO TRADERS Tendency , the price is under bearish pressure , after breakout demand zone . TURNING LEVEL : the price of turning level around 76.96 , until the price trading below this level reach a support level (1) , but if the price breaking this level reach resistance level (1) . RESISTANCE LEVEL (1) : this level around 80.49 , for reach this resistance the price it will be breaking turning level . RESISTANCE LEVEL (2) : around 82.83 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : as long the price trading below turning level reach this level around 75.05. SUPPORT LEVEL (2) : this level around 72.46, for reach this level the price will be breaking by open 1h or 4h candle below support level (1) . CORRECTIVE : the price may be corrective turning level at 76.96 , before drooping . TARGET LEVEL : RESISTANCE LEVEL : 80.49 , 82.83 . SUPPORT LEVEL : 75.05 ,72.46 .
TVC:USOILShort
by ArinaKarayi
Texas Oil to continue in the downward move at market price?WTI - 24h expiry Our short term bias remains negative. Our bespoke support of 77.06 has been clearly broken. Previous support at 77.50 now becomes resistance. We look for a temporary move higher. We look for losses to be extended today. We look to Sell at 77.50 (stop at 78.30) Our profit targets will be 75.50 and 75.15 Resistance: 77.13 / 77.50 / 78.00 Support: 76.60 / 75.80 / 75.4 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:WTICOUSDShort
by OANDA
NATURAL GAS Expecting a dead-cat-bounce. Get ready to sell it.Natural Gas (NG1!) has been trading within a long-term Falling Wedge pattern since the April 2023 Low, with its latest Lower High coming right at the top of June 11 2024. With a short-term bullish divergence on the 1D RSI, we expect to see a 'dead-cat-bounce' in August, which even though it might get as high as the 0.786 Fibonacci retracement level to price yet another Lower High, an acceptable level to get a sell entry again, would be the 1D MA50 (blue trend-line). Our Target is 1.400, which would be the -0.5 Fibonacci extension (where the February 20 2024 Lower Low was priced), even though the Wedge's technical Lower Low extends as low as 1.200. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!
by TradingShot
MarketBreakdown | USDCAD, NZDUSD, CRUDE OIL, DXY Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #USDCAD daily time frame 🇺🇸🇨🇦 The pair is currently testing a significant daily structure resistance. The intraday price action looks bearish at the moment. I think that the pair may start a correctional movement from the underlined blue area. 2️⃣ #NZDUSD daily time frame 🇳🇿🇺🇸 The market is approaching a significant weekly resistance cluster that is based on 2 important historic highs. I think that we may see a correctional movement/pullback soon. 3️⃣ #WTI CRUDE OIL daily time frame 🛢️ Crude Oil updated a low on a daily, violating a key horizontal support. It confirms the strength of the sellers. The market may keep trading in a bearish trend within the boundaries of the underlined channel. 4️⃣ DOLLAR INDEX #DXY daily time frame 💵 We see a nice correctional movement after a strong bearish impulse. The market is currently trading within a bearish flag pattern. Bearish breakout of the support of the flag will be a strong bearish trend-following signal. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
USOIL / GOT IT, AND STILL RUNNING!!! Technical Analysis: USOIL Current Outlook: the price remains bearish zone due to stability bearish volume under 77.94 Bullish Scenario: The price should stabilize above 77.94 to get 79.49 Bearish Scenario: As long as trades under 77.44 means will drop to 76.30 and 75.35 Key Levels: - Pivot Line: 77.40 - Support Levels: 76.30, 75.35, 72.80 - Resistance Levels: 77.94, 79.49, 80.73 Today's Expected Range: The price is anticipated to move between the support at 75.35 and the resistance at 77.95. PREVIOUS IDEA:
TVC:USOILShort
by SroshMayi
WTI Oil H4 | Pullback resistance at Fibonacci confluenceWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.35 which is a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 23.6% and 61.8% retracement levels. Stop loss is at 78.90 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 75.43 which is a pullback support. 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. 68% 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. 73% 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:USOILShort
by FXCM
2
WTI OIL on the 3.5 year Support!WTI Oil (USOIL) is attempting to form yet another bottom below the 1W MA200 (orange trend-line), which has been the ultimate long-term Support since February 2021. As you can see, since May 2023, Oil has been forming Higher Lows just below this level. Despite the presence of the Lower Highs trend-line since September 25 2023, the pattern shows a break-out above Resistance 1, every time such a low is formed. Our long-term Target remains 90.50 (potential Higher High on an emerging Channel Up). ------------------------------------------------------------------------------- ** 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
Oil prices losing strength due to China's economic slowdown Oil prices continue to trend downward, as are expectations for increased U.S. oil production and pessimism about the Chinese economy. Expectations are growing that oil prices will gradually fall following reports that new wells will be drilled in US shale fields, and the costs for them will drop significantly by about 10% this year alone. Meanwhile, the economic slowdown in China, the world's largest crude oil importer, is also putting downward pressure on oil prices. China's oil imports in June fell 10.7% amid disappointment that the PBoC's rate cuts were not large enough to boost the Chinese economy. USOIL (WTI) has been trending downward over the past week, falling to the 75.10 level. After death-crossed, both EMAs rapidly widen the gap and send out a typical bearish signal. If USOIL fails to hold the 75.00 support, where the trend line intersects, the price could fall further to 72.50. Conversely, if USOIL advances toward the 76.80 resistance after recovering EMA21, the price may gain upward momentum toward the 78.20 level.
TVC:USOIL
by inkicho_exness
2024-07-29 - priceactiontds - daily update - oilGood Evening and I hope you are well. comment: Lower low again after market formed a perfect double top with Globex high, which was couple of ticks above Globex open. Market is going down but barely. Bears taking profits at new lows and wait for market to go higher again before they sell it. 1h 20ema is a roller coaster. Need to trade small, have wide stops and wait for decent pullbacks. current market cycle: trending trading range or broad bear channel, whatever you prefer to call it key levels: 74 - 78 bull case: Bulls buying new lows and making money. That’s about it. They are too weak to push to make new highs and bears will probably stop at bigger resistance which I think is below 74. Invalid below 73. bear case: Bears in control but they are taking profits at new lows and thats why the channel down is so broad and we have two sided trading. Play the bear channel until it’s clearly broken. Do not try to be a rocket scientist here and start with macro schmackro stuff about oil. It’s going down, look for shorts. Be Forest Gump and not Cathie Wood. Invalid above 78. short term: Bearish. Play the channel. medium-long term: We are seeing the big triangle playing out between 72 and 86 (could also be 87 but for now I see the spike above 83 as a failed breakout of the triangle. We hit the lower trend line and now we will test back up to above 83. —will update this Wednesday current swing trade: Still short since 82.69. trade of the day: Selling the double top Globex and EU high at 77.6. Had to get short latest at bar 42 but better 41 since it was also a head & shoulders or the top of the trading range. More than enough reasons to sell.
NYMEX:MCL1!Short
by priceactiontds
USOIL Sellers In Panic! BUY! My dear followers, I analysed this chart on USOIL and concluded the following: The market is trading on 76.41 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 77.12 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
1
Crude oil: Waiting for a rebound to continue shortingCrude oil technical analysis Daily resistance 78.4, support below 72.7 Four-hour resistance 77.5, support below 75.5-74.7 Crude oil operation suggestions: WTI prices stopped falling due to a decline in weekly crude oil inventories last week. The U.S. Energy Information Administration (EIA) crude oil inventory change report is expected to show that inventories will increase by 700,000 barrels in the week ending July 19. Israeli Prime Minister Benjamin Netanyahu will address the U.S. Congress, seeking to turn the U.S. attention to the Middle East. From the daily chart level, crude oil has repeatedly fluctuated and stepped down in the medium term, and the oil price has fallen below the support of the moving average system. The objective trend of the medium-term rise has changed and returned to the oscillating pattern. Crude oil is expected to maintain a wide range of oscillation in the medium term. From the current market situation, the lower target continues to focus on breaking new lows, and the short-term long and short strength watershed focuses on the 77.5 line. The rebound above 77-77.5 remains short. Any rebound before the daily level breaks through and stabilizes this position is a short-selling opportunity. SELL:77.0near SL:77.30 SELL:77.5near SL:77.80 Technical analysis only provides trading direction!
FX:USOILSPOTShort
by ActuaryJ
1