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Oil

Oil/Gold vs SPX/CPIUCSLThe chart of OIL/GOLD shows that the price of oil in terms of gold has been fluctuating within a channel since the US broke the last bretton woods agreement in the 70's. Since then we can see periods in which oil is expensive and periods in which oil is cheap in terms of gold, right now it's the cheapest it has been (excluding pandemic madness in 2020) and if you believe in head and shoulders you can see a second shoulder forming; so in the following years we could see a bounce and it may be agressive, if that's the case stocks will suffer in real terms. Could something have changed and the price will stay low for many more years, maybe, but I think it's something we have too keep in mind.
TVC:USOIL
by Vold316
1
Oil Prices Slip as Gaza Talks and China Worries WeighOil prices edged lower at the start of the week, as traders weighed the potential impact of ongoing Middle East tensions and softening demand from China. Brent crude, the global benchmark, dipped towards $79 a barrel, while West Texas Intermediate (WTI) hovered around $76. The recent decline follows a turbulent week for oil markets, marked by significant volatility. Prices had shed nearly 2% on Friday as investors grappled with concerns over China's economic recovery and the potential implications for global oil demand. The world's second-largest economy has shown signs of weakness, with data indicating a slowdown in industrial activity and consumer spending. This has raised doubts about China's ability to drive oil consumption growth. Meanwhile, the ongoing conflict between Israel and Hamas in the Gaza Strip continues to cast a shadow over the energy market. While diplomatic efforts to broker a ceasefire have intensified, the situation remains volatile, and the potential for disruptions to oil supplies in the region cannot be ruled out. The geopolitical risk premium, which has supported oil prices in recent months, could diminish if a ceasefire is achieved. Analysts caution that the oil market is likely to remain volatile in the near term, as traders navigate a complex interplay of factors. On one hand, the potential for supply disruptions due to geopolitical tensions could underpin prices. On the other hand, weakening global economic growth and efforts to transition to cleaner energy sources could exert downward pressure. Looking ahead, investors will be closely monitoring developments in the Middle East, as well as economic indicators from China and other major economies. Any escalation of the conflict or further signs of weakness in the Chinese economy could lead to renewed volatility in the oil market. Ultimately, the price of oil will depend on the balance between supply and demand. While the market has experienced periods of tightness in recent months, concerns about slowing demand growth may start to weigh on prices if they materialize.
OANDA:WTICOUSDShort
by bryandowningqln
2024-08-19 - priceactiontds - daily update - oilGood Evening and I hope you are well. tl;dr Bear channel continued down and next target is probably 72 if 73.5 won’t hold. Pure weakness in this market. quote from my weekly update: bear case: Bears need a daily close below 74.5 to trade back down to 71/72. comment: Look at that beauty of a channel. Holding like a true champ. Market is much weaker than expected and only going down. Bottom of the channel is where a pullback is expected and if bears are strong, they keep it below 74.5. Next targets for the bears are 73 and then 72. Anything above 75.5 would be a big surprise. current market cycle: trading range (triangle) key levels: 72 - 75.5 bull case: Bulls are so weak that they currently can only correct sideways. They need to create a pullback at 73.4 or risk a breakout below the bear channel, where the selling would accelerate. A reasonable target for a pullback would be the breakout retest of last weeks low 74.52. Invalidation is below 73.1. bear case: Bears had a strong bear day again and a measured move would bring us to 71.5. If they manage to create a breakout below the bear channel, we could get there much faster than most expect. My drawn big bullish trend line from the triangle runs through 71.7, so close enough. Bears need to keep any pullback below 75, better would be below 74.5. Invalidation is above 75.5. short term: Pullback to at least 74.5 is expected but below 73.1 we print 72 or even 71 pretty fast. medium-long term: We are seeing the big triangle playing out between 72 and 82/84. The high of the triangle got tested until mid of April and we have now tested the lows around 72.5. We are at the bear trend line and odds favor the bears if they stay below 86.27 for trading back down below 76 again. Update: If we break below 70.67, the triangle is dead and we need to find new support. Will update this again when it happens. current swing trade: None trade of the day: Mostly sideways during Globex and EU session. US session opened weak and when bulls could not get above 75.5 again, bears tried again and bulls just gave up. Had to be short since the bear bar breaking below 75 and the 1h 20ema.
NYMEX:MCL1!Short
by priceactiontds
WTI OIL - 4H Bullish AgainBLACKBULL:WTI has shown signs of completing its recent correction phase, setting the stage for a potential bullish move. Technically, after a strong upward surge driven by bullish momentum, TVC:USOIL entered a two-leg correction that appears to have found support. This could suggest that the price is ready to continue its upward trajectory from the current support zone. Fundamentally, oil prices have been supported by several factors over the past week. Ongoing supply cuts from OPEC+, especially from Saudi Arabia, have tightened the global oil market. Additionally, expectations of increased demand, fueled by economic resilience in key markets like the US and China, have contributed to upward pressure on prices. These combined factors could further bolster WTI’s next move to the upside.
BLACKBULL:WTILong
by Sober_Trading
USOIL Is Bullish! Long! Take a look at our analysis for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 76.058. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 78.548 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. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILLong
by SignalProvider
1
OIL: Three days breakout short in 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: primary, as explained on the chart, currently the 3 sessions is potentially setting up for a reversal scalp, targeting eventually the CP of Friday, and I will be willing to get a buy low if price holds on the current level (previous LOW) till 9am NYT (oil market opening) Short: secondary, 3 weeks of pump and dump scenario, Friday closed as FRW (first red week), on the long term I can see a further down move, but my analysis are for the day itself. 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
PEPPERSTONE:SPOTCRUDELong
by GianniPichichero
1
WTI Oil H4 | Potential bullish bounceWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 76.01 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 74.40 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 78.34 which is a pullback resistance that aligns with the 61.8% 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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:USOILLong
by FXCM
WTI has a lot of technical pressureTVC:USOIL weakened in early trading in Asian markets on Monday (August 19), fluctuating near its lowest level in more than a week. Currently WTI crude oil is trading around 75 USD/barrel. That added to traders' concerns about falling demand in the Asian giant, where refiners cut crude processing capacity last month amid sluggish fuel demand. The Organization of the Petroleum Exporting Countries (OPEC) last week lowered its forecast for oil demand growth this year due to weakness in the Asian giant's economy. The Paris-based International Energy Agency (IEA) last Tuesday lowered its oil demand growth forecast for 2025, citing weak demand from major countries in Asia. On the other hand, according to the Lebanese National News Agency, the Israel Defense Forces carried out airstrikes on the 18th. Lebanon's Hezbollah armed forces claimed to have attacked multiple targets in southern Lebanon, including Israeli military spy facilities. On the 18th, the Israeli army launched multiple attacks on several towns on the Lebanese side of the temporary border between Lebanon and Israel. Market sentiment this week will be determined by speeches from global central bankers at the Jackson Hole Economic Symposium. The Jackson Hole Economic Symposium will be held from August 22 to 24 and Fed Chairman Powell will speak on the economic outlook on Friday as US inflation weakens but remains difficult and markets Weakened job market. Easing is imminent, but is unlikely to confirm continued expectations of significant interest rate cuts. On the daily chart, WTI USOIL moved narrowly after falling below the price channel and structurally it has not yet formed a specific trend. But technical factors are leaning more towards the possibility of price decline with the nearest resistance being noticed at the confluence area of ​​the 0.382% Fibonacci retracement and EMA21. As long as WTI crude oil cannot break and move above the 0.50% Fibonacci level, it does not have enough conditions for bullish expectations. Meanwhile, once WTI crude oil continues to be sold below the 0.236% Fibonacci level and returns to the price channel, it will open a new technical down cycle. The notable point is that the Relative Strength Index is pointing down from the 50 level but has not yet reached the oversold level, showing that there is still room for technical price declines ahead. During the day, the technical outlook for WTI crude oil leans towards a downside with notable levels listed as follows. Support: 75.71USD Resistance: 76.59 – 77.58USD
TVC:USOIL
by Xayah_trading
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
FX:USOILLong
by ShahedZare
Hellena | Oil (4H): Short to 50% Fibo lvl 76.54 (Wave "a").Dear colleagues, after the last target achievement the price is actively growing and I believe that this growth is not over yet, but I expect a correction to the area of 50% Fibonacci level 76.54. This movement is a corrective wave "b". After it I will consider the continuation of the upward movement, but at the moment the price needs wave "b". Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
2
USOIL Will Explode! BUY! My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 75.41 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 77.21 My Stop Loss - 74.44 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:USOILLong
by AnabelSignals
1
Oil slips again and Geopolitical tensions rise In my last post about Oil, I said that "Oil has a good possibility to get back to the range of 83.50 and 84.50", but also "Oil had broken 3 LH's that were created between July 22nd, 2024 and August 1st, 2024". I also mentioned that "we can see a pullback in the ranges of 78.84 and 77.12". In my outlook at the top of the week, I said that I was on the buyer's side until price showed otherwise. Now, price is showing signs of not continuing buys but settling into seller's territory. In this latest out look, I'm going to give you my insight on where the market can possibly go going into next week. Around early 6AM, price broke the HL from last Friday that shot Oil up all the way to the 77.89 area on this past Monday. On Tuesday, price created the "M" formation signaling that sellers were now starting to step in that sent the market selling for the rest of the week. On today Friday, August 16th, Price hit a demand area that sent price shooting past the HL that i stated early in my typing. This could potentially mean that we are now in seller's territory for a minute depending on how the markets may move going into next week. We did leave a gap above after yesterday's sell movement that can send price back that way from Monday going into Tuesday depending on market conditions. I believe if price goes back that way it can be just to create a LH, IF price doesn't make buying structure. Right now my current outlook is bias until the market finds its footing from Monday-Tuesday. Amid Oil selling from the technical side, Oil is facing rocky streets from fear of the United States economy as investors are getting ready to brace for interest rate cuts and other things going on in different countries. From Fed Powell, to Iran retaliation, and to China's weak economy, Oil is in some unpredictable territory especially with a lot of geopolitical tensions rising. Next week news combined with technicals will give a greater outlook on Oil.
NYMEX:MCL1!
by eightyfourtrades
USOIL 78.31 -1.59 % AHEAD OF THE CRUDE INVENTORIES HELLO TRADERS Hope everyone is doing great 📌 A look at USOIL from MULTI TIME-FRAME ANALYSIS 🎯 CRUDE OIL INVENTORIES TOMORROW - 7th Aug release was more than expected which meant weaker demand and was bearish for crude prices. The same can be said if tomorrow a decline in inventories is less than expected. USOIL 4H TF * Friday & monday where strongly bullish but tues came with change in delivery as we see strong bearish move. * The weekly & daily TF are still range bound . * USOIL took External range LQ & price will delive from the -FVG above. * We are trading in premium of the move, This is where I would be looking for short entries. * With PO3 looking to open bullish (fri & monday) to confirm a move Lower into +FVG on USOIL. USOIL 1H TF * Looking for the hourly to open Bullish into the 4h FVG because our HTF BIAS (PO3) . * We will see what does the market dish. * On the 4 hourly IRL > ERL. - LOWER TF * ANALYSED IN REAL TIME HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
TVC:USOILShort
by PULEMokhothu
4
USOIL 77.00 +1.28% SHORT SENTIMENT MTF ANALYSISHELLO TRADERS Hope everyone is doing great 📌 A look at USOIL from HTF - MULTI TIME-FRAME ANALYSIS USOIL DAILY TF * Wednesday saw strong bullish momentum coming into play, with Thur & Fri cont. this move. * The weekly & daily TF show we are still trading in a range on the USOIL. * USOIL took External range LQ, looking for that internal range LQ to be taken. * We are trading in discount of the move,This is where I would be looking for long entries. * With PO3 looking to open bullish this week to confirm a move Lower into +FVG on USOIL. USOIL 4H TF * Looking for the week to open Bullish into the 4h FVG because our HTF BIAS (PO3) . * WEEK open I will probably be looking for short positions OPPORTUNITIES. * We will see what does the market dish. * On the 4 hourly ERL > IRL. USOIL 1H TF * We saw a rally with the bulls, strong momentum to the upside. * The is a 1H FVG, this is where i would look for short entries this week. * Should this PD ARRAY hold will be short for the USOIL * BASED on the price action served this week. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
TVC:USOILShort
by PULEMokhothu
4
Market Analysis: Oil Prices Aim For Further GainsMarket Analysis: Oil Prices Aim For Further Gains Crude oil prices are gaining bullish momentum and might even test $80.00. Important Takeaways for Oil Price Analysis Today - Crude oil prices extended gains above the $75.70 and $76.40 resistance levels. - There is a connecting bearish trend line forming with resistance at $77.10 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price started a fresh upward move from $75.70 against the US Dollar. The price gained bullish momentum after it broke the $76.40 resistance. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $78.58 swing high to the $75.69 low. The price even climbed above the 50-hour simple moving average. It tested the $77.10 resistance zone and a connecting bearish trend line. The trend line is close to the 50% Fib retracement level of the downward move from the $78.58 swing high to the $75.69 low. The RSI is now near the 50 level and the price could aim for more gains. If the price climbs higher again, it could face resistance near $77.10. The next major resistance is near the $77.60 level. Any more gains might send the price toward the $78.55 level or even $80.00. Conversely, the price might correct gains and test the $76.40 level. The next major support on the WTI crude oil chart is near the $75.70 zone, below which the price could test the $74.90 zone. If there is a downside break, the price might decline toward $74.20. Any more losses may perhaps open the doors for a move toward the $73.50 support zone. 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:XTIUSD
by FXOpen
3