USOIL: Strong Bullish Bias! Buy!
Welcome to our daily USOL prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 70.221
Wish you good luck in trading to you all!
Energy Commodities
Natural Gas Goldmine: Are You Ready to Take the Red Pill?Unlocking the Natural Gas Goldmine: Are You Ready to Take the Red Pill?
In the ever-shifting sands of the financial markets, the truth often lies buried beneath layers of noise and confusion. Today, we delve into the Commitment of Traders (COT) data, a powerful tool that reveals a compelling opportunity in the natural gas market. What if I told you that the signs are aligning for a potential rally? But heed this warning: This does not mean to blindly dive into long positions. Instead, we stand poised, awaiting the moment of a confirmed trend change on the daily timeframe—a moment that transforms potential into profit.
The Market Signals: A Gathering Storm
The data speaks volumes. Commercial traders, the real players in this game, are currently positioned at a major extreme in long holdings—the highest they’ve been in over three years. This is not mere coincidence; it’s a clear indication that something significant is brewing beneath the surface.
As we analyze the net open interest, we observe a phenomenon I like to call the “Bubble Up.” This surge occurs when Commercials outpace Large Speculators, and such dynamics often foreshadow market turning points. The whispers of a shift in power are growing louder, and it’s time to listen closely.
Furthermore, we cannot overlook the increasing open interest during this multi-week decline. But we must ask ourselves: Who is driving this increase? The answer is clear—commercial traders are loading up on long positions. This is a bullish sign, indicating confidence in a market reversal.
The Premium Charge: An Ominous Signal of Change
Adding another layer to our bullish thesis is the current premium charge in the market. We observe that the front months, extending out to April, are trading at a premium compared to later delivery months. This indicates a strong demand for immediate delivery—a sign that the market expects an uptick in prices.
But let us not forget the supplementary indicators that further bolster our long stance: the Price Oscillator Indicator Value (POIV), %R, and the Ultimate Oscillator are all aligning in favor of the bulls. They whisper of impending change, urging us to prepare.
The Seasonal Anomaly: A Moment of Reflection
Yet, as we pursue this truth, we encounter an obstacle. The traditional seasonal patterns suggest a decline until February, but the extreme positioning of commercial long traders casts doubt on this warning. Sometimes, the path to enlightenment requires us to look beyond conventional wisdom.
In this moment, we find ourselves at a crossroads. The insights we’ve gathered are akin to a revelation, a glimpse into the potential future of natural gas.
The Choice is Yours
Will you take the red pill and see how deep the rabbit hole goes? Embrace the knowledge, or remain in the shadows. The markets are waiting, and so is your potential.
Welcome to your awakening.
MY TV COMPETITION WTICOUSD LONG IDEA 01/11/2024Direction: Long
SL: 66.862
Indicators:
1. MA (20,50,100,200)
2. Trendline - Algo
3. Support and Resistance
4. Fib Level
5. I also use MT5 - Tradingcentral tools
Technical:
1. MA 20 Yellow is below the MA 100 and 200 (Purple and Red) but looking for it to reverse and go up and above the 50,100, and 200.
2. Green Trendline was broken recently.
3. Price bounced off from a support zone.
4. FIB level at 0.382.
5. Tradingcentral tool signaling Rise on Time frames 15m,1h,and 4h but it is bearish and signaling DECLINE on daily time frame at the moment.
Fundamental and economic:
1. Geopolitical tension is adding some volatility to OIL prices.
2. I use Edgefinder tool which shows me a score of -3 "bearish" on USOIL but I think this trade idea is for short term and more of a "I predict that this might go to xyz based on the technical and fundamental insights".
3. We are in Q4 and usually there is alot of volatility mostly bearish but I'm going against it since we have US elections coming up.
OIL: Three days breakout long on the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range ✅
2. SIGNAL DAY
First Red Day
First Green Day
3 Days Long Breakout ✅
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside ✅
Backside
4. THESIS:
Long: that's my primary thesis, let's analyse the current market condition.
- Monday opened with a huge gap breaking through the previous low of week, establishing as well the high low of the new week (opening range).
- Tuesday, it almost consolidated the full day, not really interesting in terms of trading activity.
- Wednesday, the market performed the first breakout of the week, breaking the HOW, triggering long traders in the market and closing out of balance (an interesting signal)
- Thursday closed again out of balance, long traders are potentially driving this move.
- Today, Friday, the market has good chances to go reaching and targeting the closing price of last Friday, why ? because traders shorting the beginning of the week are still in profit and stops are placed above that level. After PMI 10am, if the market will setup for a buy low opportunity around the current level (yesterday HOD or London low), I will be willing to take this trade.
Short: at the moment not really into this scenario, but however, the market could retest the current high of day, failing for a reversal, day 3 longs in the market it can reverse for major move, but I repeat, the current setup is potentially long!
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
USOILUSOIL price is near the resistance zone 71.48-71.92. If the price cannot break through the 71.92 level, it is expected that in the short term, there is a chance that the price will drop. Consider selling in the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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Slowly starting to scale in on OILThe fundamental outlook for oil is looking bullish. Despite seasonality favoring lower crude oil prices towards the end of the year, the conflicts in the Middle East are pushing prices higher.
Technically, the downward move that has been in place since the beginning of July could now experience a correction. Therefore, I’ll begin slowly scaling into oil at the 61.8% retracement level, keeping in mind that prices could drop further before the end of the year.
According to seasonality, we could see the high in oil prices around May 2025.
Let’s see how it plays out.
WTI CRUDE OIL Final Resistance test before $77.50WTI Crude Oil hit today the 7 day Falling Resistance. A break above it will be bullish as that has been the case on 2 similar patterns previously.
We are ahead of a Golden Cross (1h), which on the 2 previous patterns, has confirmed the uptrend.
Trading Plan:
1. Buy if the Falling Resistance breaks.
Targets:
1. 77.50 (Resistance 1).
Tips:
1. The RSI (1h) is printing a pattern similar to the September run.
Please like, follow and comment!!
USOIL Will Move Lower! Short!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 69.00.
Considering the today's price action, probabilities will be high to see a movement to 65.47.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
Hellena | Oil (4H): Short to support area at 67 (Wave "3").Dear colleagues, I believe that at the moment we have a great opportunity to find an entry into a short position that will bring us many pips.
The fact is that the wave “2” of the middle order is completed, which means that the wave “3” of the higher order continues the downward movement in the wave “3” of the middle order.
I expect the price to rise a bit more to the 78 level, then I expect the price to drop to the 67 level. It will not be a quick drop, but we will be able to go short several times.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Bearish reversal off 50% Fibonacci resistance?USO/USD is rising towards the resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 70.14
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 72.32
Why we like it:
There is a an overlap resistance level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 68.39
Why we like it:
There is a pullback support level.
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UsOIL Long Buy due to lower Support Hello Traders
In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET
today XTIUSD analysis 👆
🟢This Chart includes_ (XTIUSD market update)
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
WTI CRUDE OIL Strong rebound on the Support. Buy.WTI Crude Oil / USOIL almost hit the Support A level and rebounded today.
This is the exact range where the price made a bullish reversal on October 1st and rose to a new Higher High.
Buy and target 78.00 (just under Resistance A).
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CRUDE OIL (WTI): When the Gap Will Be Filled?
I strongly believe that a huge Monday's gap will be filled.
The confirmation that I am looking for is a breakout of a resistance
line of a horizontal range on a 4H.
4H candle close above the yellow structure will indicate
the strength of the buyers and make the market finally start rising.
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USOil WTI Technical Analysis and Trade Idea👀👉 US Oil has encountered recent selling pressure, which may present an opportunity for short-term traders. In this video, we’ll analyze the price action, evaluate the current trend and market structure, and explore potential sell setups if the price action unfolds as outlined. Risk Disclaimer: Forex trading involves significant risks, and market conditions can change unexpectedly. This content is for educational purposes only and is not financial advice. 📉✅
Crude Oil WTI, final leg downWTI in the final leg towards long term support (62$). Around that price level, you can find multiple prior lows, the lower Mogalef volatility band, the YTD VWAP 3 SD band, and very oversold levels
Note that below that support level, there's nothing stopping the price from going down to the 43$ level, as very little volume was traded in the 40$ to 60$ range and there's no strong pivot points.
Please share your thoughts!