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Oil(wti)

Oil at 2011 Highs - What to look forThis isn't strictly a technical analysis. I'd like to gage the market sentiment and geo political tensions before I commit to a trade. If I see price break support but I'm seeing bullish headlines, I won't take a oil short. I'm waiting for a bearish catalyst and a break of the support I pointed out. Below are some bullish and bearish headlines I'll be looking out for. Bearish Oil Headlines Examples: Cease Fire in Ukraine Russians Withdrawal Iran Nuclear Deal reached Refusal to sanction Russian Oil More reserves released Bullish Oil Headlines Examples: Military action involving NATO countries No fly zone implemented over Ukraine More nuclear weapon rhetoric Sanctions on Russian oil exports. NATO countries supplying weapons/equipment to Ukraine. Iran nuclear deal negotiations fall apart
TVC:USOILShort
by natron
4
USOIL further bullish continuation! | 3rd March 2022Prices are on strong bullish momentum. We see the potential for further bullish continuation from our buy entry at 108.95 in line with 23.6% Fibonacci retracement towards our Take Profit at 115.55 in line with 200% Fibonacci Projection . Our bullish bias is further supported by prices trading above our ichimoku clouds . Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:USOILSPOTLong
by FXCM
1
Oil Weekly OverviewHello Traders, For the commodities, I generally look at price action starting from high time intervals to low. To follow energy commodities, WTI always comes first for me. My analysis about commodities is not only technical but also fundamental. After the lockdowns Oil demand indeed accelerated and that directly affected Oil price. In the mean time US used its national reserves to set the price in a level but that wasn't really successful. Palliative actions does not create stable solutions. Hard winter for Northern Hemisphere increased the demand of energy commodities. And other aspect that effects Oil price is politics. Russia is a major player in the field and as a playmaker role, Russia can directly effect prices. Europe needs Russian natural gas so bad and Russia is decisive about its pipeline because they don't want to pay commission to Ukraine while sending gas to Europe by North Stream. That's why they built North Stream 2 which sends Russian gas directly to Europe. BUT US does not want Russia send gas through North Stream 2 without Ukraine to be paid. Meanwhile US supported Europe by sending tens of LNS vessels which also increased Henry Hub gas prices. With all that conflicts, US wants energy prices lower because of inflation, Russia wants to send gas through NorthStream 2 Europe need cheap gas bla bla.. The most important aspect is that, USD is not valuable enough for the world right now comparing to the commodities, metals, energy, housings, for each item that people need to have. and that means inflation... Thanks and have a nice weekend.
OANDA:WTICOUSD
by gorkemaydogan
Crude Oil (WTI): Update & What to Look At 🛢️ Hey traders, WTI Oil is still coiling around a major rising trend line that we spotted on a weekly. Though we expect a pullback from that, from a current perspective, it is too early to short. The confirmation that you should look for to open a sell position is a bearish breakout of a support line of a rising wedge pattern. Only then a bearish move to 88.6 / 85.0 levels will be expected. In case of a bullish breakout of a trend line on a weekly the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
TVC:USOILShort
by VasilyTrader
19
Ukraine-Russia Oil UpdateWe playing a headline driven game on the edge of war, but we have a fairly well defined $90-$95 range that should let us know the outcome one way or another in the next couple of days. A special summit with US Europe and Russia would be the sort of news to start the downside. Actually Russia troops in Ukraine likely the start of the move to $100 if that comes out. easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. “Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
EASYMARKETS:OILUSD
by easyMarkets
Technical analysis update: WTI oil (17th January 2022)WTI oil continues to march higher and we continue to maintain a bullish outlook on oil. Our view is supported by a combination of bullish technical and fundamental factors. Currently, we will observe whether USOIL will manage to break above the major resistance at 85.39 USD which will further bolster the bullish case for WTI oil. We would like to set a new short-term price target for USOIL to 85 USD per barrel. Our long-term price target is 90 USD per barrel. Technical analysis - daily time frame RSI is very bullish and due to perform crossover above 70 points (into overbought zone). We expect such a phenomenon to be accompanied by further rise in price. However, after completion of crossover we think it is likely that price will retrace lower before continuing towards a price tag of 90 USD per barrel. MACD and Stochastic are also bullish. DM+ and DM- signal bullish trend. Additionally, ADX exhibits growth which suggests that the prevailing bullish trend is gaining strength. Overall, the daily time frame is bullish. Technical analysis - weekly time frame RSI is bullish. Same applies to MACD and Stochastic. DM+ and DM- performed bullish crossover recently. ADX undergoes reset as it declines. Overall, the weekly time frame is bullish. Support and resistance Major resistance sits at 85.39 USD while major support lies at 61.76 USD. Support 1 sits at 80.81 USD and Support 2 at 78.28 USD. Please feel free to express your own 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 serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
TVC:USOILLong
by Tradersweekly
6
CRUDE OIL: Buying A Pullback To Key Support 6-2-2022CRUDE OIL – Futures Price Action: There is no price action signal to note at this time. The recent Bearish Tailed Bar Signal, failed (We did not consider trading this signal and hopefully saved some members on this market). Price moved significantly higher from the prior Bullish Tailed Bar Signal + Inside Bar Breakout Pattern (Combo Setup) that had formed just under the $84.91 – $85.41 prior resistance area – which now acts as a short-term support area, also a minor Event area. Potential Trade Idea 1: For more aggressive traders, we are still considering buying on a retracement lower and after a clear price action buy signal, at or around the $84.91 – $85.41 short-term support area (Minor Event Area) Potential Trade Idea 2: We are still considering buying on a deeper pullback and/or after a price action buy signal, whilst price holds above the $74.17 – $77.46 short-term support area.
NYMEX:CL1!Long
by UnknownUnicorn393254
XLE to hit $130 by Jan 2025 a 300% gain from 2020 lowsCheck out the two trends prior to this. Clearly, you can see the run of over 300% that was 6 years long and then another 5-year trend at 142% gain. I believe we have entered commodities run and companies that produce oil and sell gasoline or diesel are going to benefit hugely. I am making a call that by January of 2025 we will see XLE at $130. Even if it doesn't, WTI Crude will hit that $130 mark. Two calls right there I think are very realistic repeating that 5-6 year trend which also matches the first 300% gain although the climb may be steeper. I think that climb coincides with how much inflation we have so I believe it's still a fair analysis overall. If you have not watched my recent video on hyperinflation, I suggest you do. At least go compare a 1month chart of the M2 money supply (M2SL) to the SPX. Hand a hand increases and parabolic running back to 1960. It looks to be sometime around 2025 we hit our first level of lift-off, straight up as the curve stops and begins to head to the moon. This happens to land around my chart here with XLE being at $130 by 2025. After 2025 all bets are off. WE could be heading into a massive inflationary person and it could be a billion per share or something crazy. That number won't matter anymore of course as it's only nominal.
AMEX:XLELong
by DefyingFinance
Crude Oil Approaches Key 90 Mark, but RSI Warrants CautionCrude oil is showing multiple Bearish RSI divergences, but the fundamentals -- which take precedence (IMO) -- e.g., OPEC spare capacity, Ukraine, increasing demand, etc., appear increasingly bullish. EIA inventories due out this week show an expected build of 962k barrels, according to Bloomberg. That would mark the third week of storage increases for WTI, but Cushing, Oklahoma, stocks have seen a corresponding reduction. If prices continue to increase, the 90 psychological level may offer up some resistance.
TVC:USOIL
by Thomaswestw
2