US oil scalping tradeUSOIL fresh buys trade with care. Volume divergence take less risk Sl=69, TP1=72, TP2= 74.
Oil
19.12.41 US OIL 70.30 USD - expect the unexpectedConsolidation done. Still huge conflicts in Middle East.
And we all know, what happend, when tanker blocked in street of hormuz or suezmax or havarie before in harbour Rotterdam. Whole econmic world is forced by hours/days in logistics.
So be prepared for move in Oil.
19.12.24/Dan
USDCAD: One of the Most Geopolitical-Based Currency PairsHello Traders,
The Trump presidency may bring three significant changes to the financial world:
We might see an end to the Russia-Ukraine war.
We might see more support for Israel against Iran.
We might see increased tariffs on US imports.
All three changes could affect the pair in both directions, making them a double-edged sword for USDCAD.
Trump previously had good relations with Putin and is known for his anti-interventionism under his America First policy. Aid to Ukraine may decrease, which I am not in favor of, as Ukraine represents the frontline of democracy in the war against Putin. Abandoning Ukraine could encourage other dictators, like China, to attack other countries. Recently, Zelensky accepted the idea of temporarily giving up some territories to Russia if Russia allows NATO's presence in Ukraine, a negotiation he previously refused before Trump won the election.
A peace agreement or long-term ceasefire between Putin and Ukraine may strengthen the USD, as the world would feel safer, attracting more capital to the growing US economy. However, the strength of the USD against the EUR, the 2nd most powerful currency in the forex market, could also attract more capital to Euro.
The Abraham Accords were one of Trump's most successful initiatives. The proxy war between Israel and Iran escalated after the October 7 massacre, with Iran losing most of its proxies. Iran's missile capabilities have been tested and are now recognized as a weak, not-dangerous ability. Previously, Iran had three cards to play against Israel and the West: proxies, missiles, and nuclear capabilities. Now, it only has nuclear activities. Many are waiting for Israel to strike Iran's suspicious nuclear facilities. Such an attack could significantly impact the markets, particularly the CAD. There are two possible scenarios: if Iran does not retaliate due to its inability to do so, the USD would strengthen as more capital flows in. Conversely, if Iran manages to close the Strait of Hormuz for a few days, oil prices would rise significantly, prompting U.S. and Western intervention, leading to a prolonged conflict that would drive oil prices higher. Since Canada depends on oil and energy, any increase in prices would boost the CAD.
Regarding tariffs, imposing them may weaken the CAD, but as Trudeau stated, Americans “are beginning to wake up to the reality that tariffs on everything from Canada would make life a lot more expensive.” Canada would retaliate, and if the eurozone follows suit, the U.S. economy could be negatively affected. As forex traders, we know how powerful and important the U.S. is, but we also recognize that other economies have their strengths, and the world is not solely defined by the U.S. For instance, an official in Ontario's government mentioned that they would restrict electricity exports to Michigan, New York, and Minnesota if President-elect Trump imposes sweeping tariffs on all Canadian products.
So, consider all three factors if you plan to invest long-term in either currency. For the shorter term, we should also keep these developments in mind, as they could happen at any moment. Any night, Israeli bombers could fly over Syria and Iran to target Iran's nuclear facilities, which could lead to a substantial gain in CAD value.
Right now, from a technical perspective: any retracement to the green box at 1.4190 could present an opportunity to increase the price of the pair. Conversely, a break below the channel and 1.41610 would signal a chance for more bearish moves.
Sources for US Tariffs on Canada:
apnews.com
apnews.com
USOIL Will Move Higher! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 70.05.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 72.85 level.
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.
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WTI OIL entered a new bullish pattern on a 4H Golden Cross.WTI Oil (USOIL) just formed a Golden Cross on the 4H time-frame while at the same time it rebounded on the former Lower Highs trend-line. This technical shift from a Resistance level turning Support, signifies the emergence of a new Channel Up pattern.
The pattern's first Higher High was priced on the 71.45 Resistance (1) and if the current Higher Low holds at the bottom of the Channel Up, we expect an equally powerful Bullish Leg for the next Higher High.
As a result we expect it to hit at least Resistance 2 and our Target is $72.80.
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WTI Oil H1 | Overlap resistance at 61.8% Fibonacci retracementWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 70.46 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 71.50 which is a level that sits above a multi-swing-high resistance.
Take profit is at 69.19 which is a multi-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.
USOIL is Nearing A Decent SupportHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 69.20 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 69.20 support and resistance area.
Trade safe, Joe.
TBT- Look Out for Exploding RatesThe Federal Reserve's aggressive 50 basis point rate cut despite headline inflation numbers coming in mixed resulted in an immediate reaction from the longer term bond yields. With no hope of moderating national debt numbers, no matter which party prevails next month, the consensus seems to be much higher long term rates. Accelerating oil prices and nervousness over the Middle East concerns may seal the deal. With the US Strategic Oil Reserves drained over recent years, a supply shock could boost oil prices dramatically.
Higher rates may also push gold and silver prices down temporarily, such moves would be an opportunity to further accumulate as dollar destruction is inevitable. While the administration hypes lower inflation numbers, moves in base metal stocks in addition to rising longer term interest rates certainly tell a much different story.
WTI CRUDE OIL: Bullish fractal from 2023 targets $78.50.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 51.153, MACD = 0.060, ADX = 20.101) as it is trading around its 1D MA50 but at the same time remains supported on the S1 Zone. In the meantime the 1D RSI is rising on HL, which is a bullish divergence. This set of dynamics are identical to March-June 2023, when WTI was contained over the S1 Zone but the RSI was pointing to a bullish divergence that eventually caused a bullish breakout. Consequently, we are bullish now, aiming again at the R1 level (TP = 78.50).
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USOIL Best Level to Short/Hold 10% swing trade setup🔸Hey guys, today let's review the 2 hour chart for US oil . Any upside is
limited by strong overhead resistances, currently trading near range highs
so overall risk/reward shifting in bears favor.
🔸Strong resistances will cap upside at 72.00 usd / 72.50 usd. right now
locked in tight trading range, however expecting final pump to trigger overhead stop losses before reversal and subsequent sell off event.
🔸Recommended strategy for BEARS: wait for the final pump before short selling from strong overhead resistances at 72.00 and 72.50 SL fixes at 74.00 usd, TP1 bears is 68 usd TP2 bears is 66 usd. swing trade setup, patience required. good luck!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
TQRGET REACHED ON CRUDE OILEarlier I posted to buy on CL1! | USOUSD | CRUDE, after that I posted to sell and reverse the position, now the market reached our target which was the LQ Level, 2 good trades today!
Follow for more daily trades!
TRADE REVERSED ON CRUDE OILI posted earlier to sell on CL and I didn't post to reverse the position after that we got a reversal, now we're targetting the BS LQ.
SELL CRUDE OILI'm sharing with you another trade today and this time on CL | USOIL | USOUSD, you xan sell targetting the same level as mine with the same SL.
Follow for more!
WTI/USOIL Energy Market Heist Plan on Bullish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the WTI / USOIL Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a bull trade anywhere,
however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low level.
Goal 🎯: 73.500
Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
USOIL SHORT FROM RESISTANCE
Hello, Friends!
We are now examining the USOIL pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 66.51 level.
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Crude Oil Futures Trade Setup (Mini Contract) Sell Crude Oil January Expiry (Mini Contract)
Entry: CMP 5941/Above 5955
Stoploss: 6055
Target: 5808
Validity: Till 15th January 2025
Disclaimer: For Educational Purposes Only
USOIL Under Pressure! SELL!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 71.02
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 - 69.73
My Stop Loss - 71.80
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.
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WISH YOU ALL LUCK
Oil Long 4HThis trade idea is based solely on Price Action. I observed that oil has broken the previous neckline, and I expect a pullback to the golden zone of the Fibonacci retracement for the previous leg. Before entering the trade, I'm looking for confirmation on a lower time frame, such as the 30-minute chart. An ideal confirmation would form a 'W' pattern, preferably with a higher low in the second leg.
69.20-69 is the entry zone with almost 50 pips SL
Scenario on light crude oil cl1! 13.12.24If we can maintain the main monthly level, which is also support for the price of 71.66-72.44, then it is likely that the market will come for levels around 65, but if the market were to break through this level, then there is a possible scenario that the price could go higher and I would take the first tp somewhere around 75, but there are other big levels above that and the price could even reach 80.
USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 70.28 area.
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WTI Oil H4 | Bullish uptrend to extend further?WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 70.49 which is an overlap support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 69.42 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 72.65 which is a multi-swing-high resistance that aligns with the 161.8% Fibonacci retracement 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 (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.
USOILPrevious analysis on November 13, 2024, it was seen that the price rebounded, tested the 71.40 level and could not break through. The price then came down to test the support zone 67.92-66.93 again. If the price can still stand above the 66.93 level, it is expected that there is a chance that the price will adjust up. Consider buying 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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WTICOUSD , high time frame
Hello traders, I would like to discuss West Texas oil. There is a critical zone on the chart, as anticipated. Oil is currently in a bullish trend on the higher timeframes. Presently, the price is in OB on the 4-hour chart, and during the Asian session, there are indications of a potential decrease to $69 before targeting the $75 zone.
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If you require further adjustments or have specific areas you wish to focus on, please feel free to let me know!
