Get started

Oil

USOIL / TRADNING ABOVE SUPPORT LEVEL AT 67.19 - 4H USOIL / 4H TIME FRAME HELLO TRADERS Price Decline of 7.16%: The analysis suggests that there has already been a price drop of 7.16%. This could be the starting point for further analysis or an event that has already occurred. Breaking and Stabilizing Below 67.19: The level 67.19 seems to be a significant support or resistance point. If prices break below 67.19 and stabilize, it indicates a bearish trend. This might suggest that further declines are likely. Further Decline of 9.71%: Should the price fall and stabilize below 67.19, the analysis anticipates an additional 9.71% decline. Current Trading Above 67.19: Presently, prices are still above the 67.19 level, signaling that the market has not yet broken this key point. Expected Increase of 10.36% : The text predicts an upward movement of 10.36%, potentially implying bullish momentum if the price continues to hold above 67.19. Possibility of Further Increase: There’s a suggestion that the price could rise even more beyond the 10.36% increase if current trends hold. Technical Analysis: Current Market Condition: The asset is under bullish pressure , As long as the price remains above 67.19, the bullish momentum is expected to continue. Upward Condition: - Target 1: If the price trades above 67.19, it's expected to rise to 71.51. - Target 2: If the price stabilizes above 71.51, the next target is 72.16. Downward Condition: - If the price falls below 67.19 , it suggests a potential decline: - Target 1: A decline to 65.34. - Target 2: If it breaks below 65.34, further decline is expected to 63.93.
TVC:USOILLong
by ArinaKarayi
What’s Putting Crude Oil Prices Under Pressure?At a Glance With vehicle efficiency up and China's economy slowing, WTI crude oil prices experienced late summer lows, though they have since started to rebound Driving would need to increase by nearly 2% each year to keep fuel demand stable Crude oil prices fell sharply in late August and early September. Does this mean that oil is a bargain? The answer is complex. For starters, OPEC+ has taken 3.6 million barrels per day off of the market over the past two years. Secondly, geopolitical tensions remain high. What explains oil’s weakness despite these factors that ordinarily might have supported prices? Vehicle Efficiency The average car in model year 2024 will likely be able to drive as much as 24% further on the same amount of fuel as a similar car from model year 2012. Since a car typically lasts about 12 years, this means that each year drivers around the world need to drive about 2% further than the year before just to keep demand stable. In the U.S., drivers aren’t driving any further than they were back in 2019. Demand From China Last year, 35% of new cars sold in China were EVs, and this year that could grow to over 50%. China’s economy is also growing more slowly than in the past. Since 2005, oil prices have often peaked about one year after peaks in China’s pace of growth. China’s growth rate last crested in 2021, and oil prices peaked a year later in 2022. Moreover, China’s economy decelerated sharply over the summer which might deprive oil of a critical source of demand growth going into late 2024 and into next year. Finally, watch for OPEC+ decisions later this year, which could potentially boost output. If you have futures in your trading portfolio, you can check out CME Group data plans available on TradingView to suit your trading needs: tradingview.com/cme/ By Erik Norland, Executive Director and Senior Economist, CME Group *CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc. **All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
NYMEX:CL1!
by CME_Group
WTI Oil H1 | Downward momentumWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 68.70 which is a pullback resistance. Stop loss is at 70.10 which is a level that sits above the 50.0% Fibonacci retracement level and an overlap resistance. Take profit is at 66.21 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. 62% 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. 59% 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
1
USOIL WTI Technical Analysis and Trade Idea👀 👉 USOIL WTI recently broke structure to the down side, as seen on the 4H timeframe. In this video, we closely examine USOil, discussing the trend, market structure, and price action. We also explore a potential trade setup. **Disclaimer:** Forex trading involves significant risk, and market conditions can change quickly. The information provided is for educational purposes only and should not be considered financial advice. 📉✅
TVC:USOILShort
by fxtraderanthony
Important update WTI. H4 26.09.2024WTI Important update Past WTI oil buys didn't manage to get fully developed and the overall correction ended near the nearest resistance at 72.00. On the downside, large volume was poured at 69.65 and eventually gave a push to the downside, thus forming a sellers zone. I believe the overall upward correction is over and will break the lower boundary with downside potential to 64.50 to the block option spread. Then we will watch the culmination below if given, but for now selling is the priority. BLACKBULL:WTI
BLACKBULL:WTIShort
by KovachTrader
USOIL - Short Trade Idea (26th Sept 2024)This is my analysis on USOIL. So, what my eye catches is the ascending sellside trendline liquidity being build up. We have a recent touch on it, retracing into a weekly SIBI. Based on this, I am anticipating us trade quickly down into a monthly BISI as my initial target. The stoploss I set is based on the current swing high. A wider stoploss could be adopted to weather any sort of wick damage happening during high impact news. Let's see how this plays out. - R2F
TVC:USOIL
by Road_2_Funded
Oil, Up or Down?On the daily chart, it can be observed that crude oil has rejected the crucial 71.67 resistance as sellers entered the market to position for a drop back towards the 65 level. For the buyers, they will require the price to break above this resistance in order to start targeting the major trendline around the 76 level. Interesting enough, there are two banks given contradictory forecast, MKTNews reports, RABOBANK: OIL PRICES EXPECTED TO AVERAGE $70 NEXT YEAR DUE TO EMERGING SUPPLY SURPLUS UBS: OIL PRICES EXPECTED TO REBOUND ABOVE $80 PER BARREL AS INVENTORIES DECLINE
CFI:WTI
by Tekapo-Invest
4
Bearish drop off pullback resistance?WTI oil (XTI/USD) has reacted off the pivot and could drop to the 38.2% Fibonacci support. Pivot: 72.56 1st Support: 70.33 1st Resistance: 74.76 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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. IC Markets 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.
ICMARKETS:XTIUSDShort
by ICmarkets
China's policies, Middle East developments support oilWest Texas Intermediate TVC:USOIL reached over 72 USD/barrel supported by the Chinese Government's lightning-fast policy support for the economy and the situation in the Middle East is very tense. All of these geopolitical factors are driving oil prices even higher. In addition, natural conditions also threaten supply from the US, the world's largest crude oil producer, pushing oil prices up. China's massive stimulus policy Pan Gongsheng, Governor of the People's Bank of China, announced a series of stimulus measures at a press conference in Beijing today (Tuesday), a clear sign of the broadest effort yet by the Policymakers aim to achieve an annual growth target of around 5% this year. This is the largest stimulus measure since the outbreak of the Covid-19 epidemic. The measures announced today include: boosting bank lending to consumers and businesses and cutting the People's Bank of China's key short-term interest rate, which will support growth and energy demand in the world's largest oil importer. New developments in the Middle East Hezbollah strongholds in Lebanon on Monday, Lebanese authorities said air strikes killed 492 people and forced tens of thousands to flee their homes. Oil prices are supported by geopolitical conflicts because this region (Lebanon) plays an important role in oil production. The attack risks bringing OPEC oil producer Iran, which backs Hezbollah, closer to a conflict with Israel and could trigger a wider war in the Middle East region, which in turn could continues to push for support for crude oil as supply is threatened. In particular, this conflict could completely involve Iran, a major member of OPEC, and could further disrupt crude oil supplies from the Middle East. Technical outlook analysis of TVC:USOIL On the daily chart, WTI crude oil is showing the initial conditions for a bull run with the RSI steeply upward sloping past 50, along with price activity moving upwards. the 21-day moving average which acted as resistance previously. However, WTI crude oil will need to temporarily break the 72.65 USD level to fully confirm the technical conditions for a bullish cycle with a short-term target level of around 74.39 USD. In the short term, the trend of WTI crude oil is more inclined towards price increases with notable positions listed as follows. Support: 70.90 – 70.49 – 69.37USD Resistance: 72.65 – 74.39USD
TVC:USOIL
by Xayah_trading
WTI OIL Still bullish, targeting the 1D MA200.WTI Oil (USOIL) eventually gave us the 2 green day streak we wanted in order to turn bullish, as per our suggestion 2 weeks ago (September 10, see chart below): Event though it marginally broke below April's Channel Down, the buying pressure it has build is similar to all 3 major Bullish Legs since June 2023. Notice how the 1D RSI forms the same Bullish Divergence (Channel Up). However due to the lower bottom than the one we expected, we have to change our Target to 76.00, which represents a +16.60% rise from the bottom, similar to the smaller Bullish Leg of the three that started on the June 04 2024 Low. ------------------------------------------------------------------------------- ** 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
1
USOIL / TRADING BELOW TURNING LEVEL - 4HUSOIL / 4H TIME FRAME HELLO TRADERS July Decline: The significant drop of 15.34% indicates a bearish trend, which could be attributed to various factors such as market corrections, economic conditions, or changes in consumer behavior. August Recovery: The rise of 11.74% suggests a potential recovery or rebound, possibly driven by positive news, increased demand, or market adjustments. However, this increase was followed by another decline within the same month. Second August Decline: The 18.23% drop following the initial recovery may indicate market volatility or the market's inability to sustain upward momentum. This could also signal investor uncertainty or reactions to external factors. September Projection: The forecasted decline of 4.66% in September suggests that the overall trend remains negative. This could imply a continuing lack of confidence in the market, or it may reflect seasonal trends affecting prices. Technical analysis: The level at 71.51 serves as a key resistance. If the price remains below this level, a decline towards 68.80 is expected. If this level is breached, the next support could be around 67.19. Conversely, if the price breaks above 71.51, it may indicate bullish momentum, with targets at 73.99 and then 76.10. UPWARD TARGET : 73.99 , 76.10 . DOWNWARD TARGET : 68.80 , 67.19.
TVC:USOILShort
by ArinaKarayi
2