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WTI Oil H1 | Rising into multi-swing-high resistanceWTI oil (USOIL) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 70.37 which is a multi-swing-high resistance. Stop loss is at 70.70 which is a level that sits above a swing-high resistance. Take profit is at 69.48 which is an overlap support that aligns with the 50.0% Fibonacci retracement. 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 (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:USOILShort
by FXCM
USOIL Is Very Bearish! Short! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 70.339. Taking into consideration the structure & trend analysis, I believe that the market will reach 69.359 level soon. 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!
VANTAGE:USOUSDShort
by SignalProvider
1
WTI - the fate of oil next year!WTI oil is above the EMA200 and EMA50 in the 4-hour timeframe and is moving in its ascending channel. In case of a downward correction towards the zone, the next purchase of oil will be offered with a reward suitable for us. Analysts believe that the global oil market will be well-supplied in the coming year due to increased oil production from non-OPEC+ countries and limited growth in global oil demand. Despite uncertainties surrounding 2025, experts maintain a cautious outlook on crude oil prices. By the end of 2024, investment banks projected that oil prices in 2025 would remain around $70 per barrel of Brent. However, the potential escalation of trade tensions poses a downside risk to prices. Market observers are aware that oil price forecasts are often inaccurate. Yet, considering current fundamentals and geopolitical developments, experts generally hold a more negative than positive view on oil prices for the next year. Most analysts and investment banks anticipate a supply surplus in the oil market for 2025, even if OPEC+ adheres to its current plan to reduce production starting in April 2025. In December, OPEC+ announced a delay in its planned 2.2 million barrels per day production cut from January to April 2025. Additionally, the group extended the timeline for fully reversing these cuts to September 2026. According to investment banks, while OPEC+’s decision may reduce the anticipated surplus, the market will still experience oversupply. ING commodity strategists Warren Patterson and Ewa Manthey noted in a recent report: “For now, we forecast the oil market to face a surplus next year, although much will depend on OPEC+’s production policies.” The International Energy Agency (IEA) has long predicted a significant supply surplus in 2025. In its monthly report, the IEA stated that even if OPEC+ maintains its current production levels throughout 2025, there would still be a daily surplus of 950,000 barrels. If OPEC+ halts voluntary production cuts at the end of March 2025, this surplus could rise to 1.4 million barrels per day. The IEA also forecasts that global oil demand will increase by 1.1 million barrels per day next year. However, this growth will not be sufficient to absorb the additional supply from non-OPEC+ producers, primarily the U.S., Brazil, and Guyana. Additionally, weak consumption data from China indicates that demand this year has been below initial projections. OPEC has also reduced its oil demand growth forecasts for 2024 for five consecutive months. In its December Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) reported that if OPEC+ implements its recent production cut decisions, global oil inventories would rise by an average of 100,000 barrels per day starting in the second quarter of next year. The EIA further predicted that this inventory increase would exert downward pressure on crude oil prices by late 2025, with Brent prices declining from an average of $74 per barrel in Q1 2025 to $72 per barrel in Q4 2025. The agency estimates that the average annual Brent oil price in 2025 will be $74 per barrel, down from this year’s average of $80 per barrel. Recent surveys also reflect this trend, as analysts have lowered their oil price forecasts due to weak demand and robust supply growth. Some experts argue that stricter U.S. sanctions on Iran and heightened geopolitical tensions might support prices early next year. However, overall weak demand forecasts are expected to exert significant downward pressure on oil prices. China’s accommodative monetary policy could boost its economy and oil demand, but President-elect Trump’s promise to increase tariffs on China poses risks to economic growth, trade, and oil demand. Saxo Bank recently stated that China’s latest economic stimulus measures and the likelihood of further monetary easing could offset the impact of U.S. tariffs in 2025, signaling Beijing’s determination to prevent a severe economic downturn.
TVC:USOILLong
by Ali_PSND
What Is the Difference Between Brent and WTI Crude OilWhat Is the Difference Between Brent and WTI Crude Oil for Traders? Brent Crude and WTI are two of the most important oil benchmarks in the world, influencing global markets and trading strategies. While both represent high-quality crude, they differ in origin, composition, pricing, and market dynamics. This article explores questions like “What is Brent Crude?”, “What is WTI Crude?”, and “What is the difference between Brent and crude oil from West Texas?”, helping traders navigate their unique characteristics. Brent Oil vs Crude Oil from West Texas Brent Crude and West Texas Intermediate (WTI) are two primary benchmarks in the global oil market, each representing distinct qualities and origins. What Is Brent Crude Oil? Brent Crude originates from the North Sea, encompassing oil from fields between the United Kingdom and Norway, like Brent, Forties, Oseberg, Ekofisk, and Troll. This region's offshore production benefits from direct access to sea routes, facilitating efficient transportation to international markets. The North Sea's strategic location allows Brent Crude to serve as a global pricing benchmark and influence oil prices worldwide. This blend is slightly heavier and contains more sulphur compared to WTI. Despite this, Brent Crude is extensively traded and serves as a pricing reference for about two-thirds of the world's oil contracts, primarily on the Intercontinental Exchange (ICE). What Is WTI Crude Oil? West Texas Intermediate is primarily sourced from US oil fields in Texas, North Dakota, and Louisiana. The landlocked nature of these production sites means that WTI relies heavily on an extensive network of pipelines and storage facilities for distribution. A key hub for WTI is Cushing, Oklahoma, which serves as a central point for oil storage and pricing. This infrastructure supports WTI's role as a benchmark for US oil prices. Known for its lightness and low sulphur content, West Texas Crude is ideal for refining into gasoline and other high-demand products. WTI serves as a major benchmark for oil prices in the United States and is the underlying commodity for the New York Mercantile Exchange's (NYMEX) oil futures contract. Brent and WTI Crude Oil CFDs Most retail traders interact with Brent and WTI through Contracts for Difference (CFDs) instead of futures contracts. CFDs enable traders to speculate on price fluctuations without having to own the underlying physical oil. Instead, they open buy and sell positions and take advantage of the difference in the price from the time the contract is opened to when it’s closed. This makes CFDs a popular choice for retail traders looking to make the most of short-term price fluctuations in oil without the complexities of physical ownership, storage, or delivery. CFDs also offer leverage, allowing traders to control larger positions with smaller capital. You can trade Brent and WTI crude oil at FXOpen with tight spreads and low commissions! Check the recent oil prices at the TickTrader trading platform. Quality and Composition Differences Brent Crude is classified as a light, sweet crude oil. It has an API gravity of approximately 38 degrees, indicating a relatively low density. Its sulphur content is about 0.37%, making it less sweet compared to WTI. Brent's composition is well-suited for refining into diesel fuel and gasoline, which are in high demand globally. But what is WTI like? Known for its superior quality, WTI boasts an API gravity of around 39.6 degrees, making it lighter than Brent. Its sulphur content is approximately 0.24%, classifying it as a sweeter crude. This lower sulphur content simplifies the refining process, allowing for the production of higher yields of gasoline and other high-value products. These differences in API gravity and sulphur content are significant for refiners. Lighter, sweeter crudes like WTI are generally more desirable because they require less processing to meet environmental standards and produce a higher proportion of valuable end products. However, the choice between Brent and WTI can also depend on regional availability, refinery configurations, and specific product demand. Trading Volumes and Market Liquidity Brent Crude and WTI both see significant trading volumes, but they differ in terms of their market liquidity and global reach. As mentioned above, Brent Crude is widely traded on international markets, and it serves as the pricing benchmark for roughly two-thirds of the world's oil contracts. Its broad appeal comes from being a global benchmark, which makes it highly liquid in global exchanges like ICE Futures Europe. This high liquidity means traders can buy and sell contracts with relative ease, often with tighter spreads. As a result, it’s popular among traders looking for high-volume, internationally-influenced oil exposure. On the other hand, WTI is primarily traded in the US through exchanges like the NYMEX (New York Mercantile Exchange). While still highly liquid, WTI's trading volumes tend to be more concentrated within the US market. Despite this, it remains a crucial benchmark, especially for traders focusing on the US oil industry. Its close ties to the domestic market mean liquidity can be slightly more affected by US-specific factors. Pricing Influences and Differences Between Brent and WTI The geographic focus and market influence distinguish WTI Crude vs Brent oil. Brent is a globally traded benchmark, making it more reactive to international forces, while WTI’s market is more US-centric, with pricing heavily influenced by domestic factors and energy dynamics. Therefore, Brent Crude and WTI often trade at different prices, with Brent Crude typically priced higher. This price difference, known as the Brent-WTI spread, reflects the varying dynamics between global and US markets. Traders keep a close eye on this spread, as it signals the relative strength of international versus US oil markets. Price Influences for Brent Crude - Geopolitical events: Brent is highly sensitive to tensions or conflicts in major oil-producing regions like the Middle East and North Africa. Any disruptions to supply routes or production in these areas can cause its prices to spike. - OPEC+ decisions: Since many OPEC+ members produce oil that influences Brent’s pricing, their decisions on production cuts or increases have a direct impact on its price. A reduction in global output typically raises prices. - Global shipping and transport logistics: Brent is traded internationally, so shipping costs, potential blockages in transport routes (e.g., the Strait of Hormuz), and other logistics play a role in price movements. - Global energy demand: Trends in global demand, especially from key regions like Europe and Asia, affect pricing. For instance, economic growth in these regions tends to push prices higher. Price Influences for WTI - US shale oil production: WTI is highly responsive to the levels of US shale oil output. When production surges, oversupply can put downward pressure on prices. - US oil inventory levels: Key storage hubs like Cushing, Oklahoma, are crucial for pricing. Rising inventory levels signal oversupply, which typically lowers prices, while declining inventories may indicate higher demand and push prices up. - Pipeline and transportation infrastructure: Bottlenecks in US oil pipelines or delays in transportation can influence WTI pricing. For instance, limited capacity in pipelines can restrict oil flow to refineries, leading to fluctuations in prices. - Domestic energy policies: Government regulations, taxes, or subsidies affecting US energy production can impact prices, with changes in drilling activity or environmental policies influencing supply levels. Which Oil Should Traders Choose? When deciding between WTI vs Brent, traders consider their market focus, trading strategy, and the factors driving each benchmark. Here’s an overview of what might help you choose: 1. Geopolitical Focus - Brent Crude is more sensitive to global geopolitical events, making it a strong choice for traders who focus on international markets. If you analyse global tensions, OPEC+ decisions, or international energy policies, Brent is likely more relevant. - WTI is less influenced by global events and more driven by US domestic factors. Traders focused on US politics, infrastructure, and energy policies may find WTI a better fit. 2. Market Liquidity and Trading Volume - Brent Crude is widely traded across global exchanges, giving it strong liquidity. It’s ideal for traders who prefer access to international markets and global trading volumes. Its liquidity also makes it attractive for those trading larger volumes or seeking tighter spreads. - WTI has high liquidity as well, but it’s more concentrated in US markets. This makes it better suited for traders with a specific interest in US oil dynamics. 3. Price Volatility - Brent Crude tends to react more to geopolitical shocks, meaning it can experience more volatility from global crises. Traders looking for opportunities driven by international supply disruptions or geopolitical risks might prefer Brent. - WTI is typically influenced by domestic production and inventory levels, which can result in different volatility patterns. US-focused traders or those tracking domestic shale oil production often gravitate toward WTI for its more region-specific volatility. 4. Regional Focus - Brent Crude is favoured by traders who have a global outlook or trade oil products tied to European, Asian, or African markets. - WTI is a solid choice for traders interested in US oil markets or those who rely on data from domestic US reports like the EIA. The Bottom Line In summary, understanding the differences between Brent Crude and WTI is crucial for traders analysing global oil markets. Both benchmarks offer unique opportunities depending on your trading strategy and market focus, whether you prefer the global influence of Brent or the US-centric dynamics of WTI. To get started with Brent and WTI CFDs, consider opening an FXOpen account for access to these key markets alongside low-cost trading conditions. FAQ Why Is Oil Called Brent Crude? Brent Crude gets its name from the Brent oil field located in the North Sea, discovered by Shell in the 1970s. The name "Brent" was derived from a naming convention based on birds—specifically, the Brent goose. Over time, it’s become the benchmark for oil produced in the North Sea, now serving as a global pricing standard for much of the world's oil supply. What Does WTI Stand For? WTI stands for West Texas Intermediate. It refers to a grade of crude oil that is primarily produced in the United States, specifically from oil fields in Texas, North Dakota, and surrounding regions. WTI is one of the key benchmarks for oil pricing, particularly in North America. Is Brent Crude Sweet or Sour? Brent Crude is considered a light, sweet crude oil. It has a low sulphur content, making it easier to refine into high-value products like gasoline and diesel. However, it contains slightly more sulphur than WTI, which is why it's marginally classified as less sweet. Why Is Brent Always More Expensive Than WTI? Brent is often more expensive than WTI due to its global demand and greater sensitivity to geopolitical risks. Brent is influenced by international factors, including OPEC+ decisions and conflicts in key oil-producing regions, which often lead to supply disruptions. WTI, meanwhile, is more affected by domestic US supply and demand. Is Saudi Oil Brent or WTI? Saudi oil is neither Brent nor WTI. It falls under its own classification, primarily as Arabian Light Crude. However, Brent Crude is often used as a pricing benchmark for oil exports from Saudi Arabia and other OPEC nations. 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:XBRUSDEducation
by FXOpen
1
WTI Oil H4 | Swing-high resistance at 50% Fibonacci retracementWTI oil (USOIL) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 69.85 which is a swing-high resistance that aligns with a 50% Fibonacci retracement. Stop loss is at 70.66 which is a level that sits above the 61.8% Fibonacci retracement and a swing-high resistance. Take profit is at 68.52 which is a swing-low 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. 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 (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:USOILShort
by FXCM
USOIL Set To Fall! SELL! My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 69.50 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 69.04 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
TVC:USOILShort
by AnabelSignals
1
Hellena | Oil (4H): Short to support lvl 63.5 (Wave 3).Colleagues, the last forecast is still active, but I thought it was worth doing another one that will show more clearly what is happening now. In my opinion, the price is still in wave “2” of low order, but in a three-wave correction. This means that wave “2” (black, lower wave) should not update the level of 73.114, but it can update 71.695, although this condition is not necessary. As a result, I still believe that the price will continue its downward movement, although it is in a prolonged correction. 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
15
USOIL Is Bullish! Buy! Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 69.836. Considering the today's price action, probabilities will be high to see a movement to 71.162. 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!
CFI:WTILong
by SignalProvider
1