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WTI Crude Oil (USOIL) 1-hour chart - SELLThe market is currently in an uptrend with higher highs and higher lows. Recent price action suggests a potential reversal or pullback from the resistance zone. Resistance Zone: The shaded grey area around 82.127 - 82.220 is a significant resistance zone where the price has shown rejection. Support Levels: Immediate support is around 80.473 - 80.417, marked by the red lines. A stronger support level is at 77.000, a psychological round number that aligns with previous lows. Above the resistance zone at 82.220, there may be buy-side liquidity where buy stops from short positions could be placed. Below the support level at 80.417, there may be sell-side liquidity where sell stops from long positions could be resting. The overall analysis suggests a bearish bias for USOIL (WTI), expecting a potential reversal or pullback from the resistance zone around 82.127 - 82.220.
BLACKBULL:WTIShort
by TopGBanks
WTI support continues to attract buyers.WTI - 24h expiry Bespoke support is located at 80.70. Offers ample risk/reward to buy at the market. Our short term bias remains positive. 50 4hour EMA is at 80.73. 80.59 has been pivotal. We look to Buy at 80.75 (stop at 79.95) Our profit targets will be 82.75 and 83.25 Resistance: 81.50 / 82.24 / 83.00 Support: 80.50 / 79.50 / 79.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:WTICOUSDLong
by OANDA
USOIL BULLISH PRESSURE ( 4H )USOIL HELLO TRADERS in the last chart at 10 JUN , as mentioned rising reach our target Tendency the price is a bullish pressure in 80.16 TURNING LEVEL : the price turning level at 80.16 , price stable below this level it becomes reach a support level , but if breaking this level active bullish area , to reach a resistance level RESISTANCE LEVEL: if the price trade above turning level at 80.16 , the price will rise to 82.85 then stable this level reach to 85.04 SUPPORT LEVEL : the price breaking turning level 80.16 , it will reach the support level of 78.18 and 75.63 CORRECTIVE LEVEL : price will 80.16 , correct itself before long ------------------------------ * Thank you , if you support this idea with your likes and comments , I hope you a profitable day🤍🤍🤍🤍🤍
TVC:USOILLong
by ArinaKarayi
USOIL Is Going Up! Buy! Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 81.15. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 86.12 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:USOILLong
by SignalProvider
1
WTI Crude Oil: Geopolitical Tensions and Technical SignalThe US crude oil benchmark, is trading near $82.00 on Monday. This modest uptick is driven by escalating geopolitical tensions in the Middle East and expectations of increased oil demand during the summer season. Geopolitical Tensions and Market Impact The prospect of a broader conflict in the Middle East, which could threaten crude oil supplies from the region, is fueling the rise in WTI prices. The UN Secretary-General’s statement on Sunday, warning that a full-scale war between Israel and Hezbollah would be disastrous, has further intensified these concerns. Technical Analysis: Signs of a Possible Retracement Technically, there are signs that WTI might experience a price retracement. The current levels suggest a potential pullback to the 61.8% Fibonacci retracement within a bearish channel, with the Relative Strength Index (RSI) indicating overbought conditions. This setup hints at a possible near-term correction before any further upward movement. Outlook In conclusion, while geopolitical tensions and seasonal demand are bolstering WTI crude oil prices, technical indicators suggest a potential retracement. Market participants should remain vigilant, watching for price movements around the 61.8% Fibonacci level and the behavior of the RSI in the coming sessions.
ICMARKETS:XTIUSDShort
by FOREXN1
1
WTI OIL Death Cross formed Pullback to $76 would be very healthyWTI Oil (USOIL) is forming a Death Cross on the 1D time-frame, the first since December 22 2023. That comes after the former Channel Down had a bullish break-out following a rebound on the 1W MA50 (red trend-line), a series of events that happened also on December 20 2023 and before that on May 17 2023. We already have a 1D MACD Bullish Cross. Circling back to the 1D Death Cross, the one on December 22 2023 formed a short-term top that had the price pull back within the 0.618 - 0.786 Fibonacci retracement Zone. As a result, even though we have confirmed a new long-term uptrend, we technically turn bearish on the short-term, expecting a pull-back towards the 0.618 Fib, targeting $76.00. ------------------------------------------------------------------------------- ** 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:USOILShort
by TradingShot
1
WTI turns lower after surprise crude stocks buildNews of a surprise inventories build in the US has caused oil prices to give up earlier gains and turn lower. The EIA US weekly crude oil inventories came in at +3591K vs -2850K expected and -2547K prior. The 3.6-million-barrel build suggests weaker demand despite hopes that inventories would draw down more meaningfully due to the US driving season. However, gasoline stocks also rose, coming in at +2654K vs -1024K expected, while the refinery utilization fell to -1.3% vs +0.1% expected. As a result, crude oil prices turned lower on the session to take out the lows of the past several days. The key support to watch is at $80.00 – if it breaks this level decisively now then we could see some follow-up technical selling towards $79.00 next. However, if instead oil prices rise to hit a new high on the session, then this would invalidate any bearish signals we may have seen today. So, watch the closing prices attentively. By Fawad Razaqzada, market analyst at FOREX.com
FOREXCOM:USOIL
by FOREXcom
Crude Oil Market Analysis and Trading SignalsTechnical analysis of crude oil Daily resistance 83.4, support below 77.5 Four-hour resistance 82, support below 80.7-79 Crude oil operation suggestions: After a bottom rebound in the daily chart of crude oil, the upward momentum has slowed down. Short-term is accompanied by a second roundabout retracement confirmation. The daily chart uses the middle track as the support point. Go long after the retracement confirmation. Today's lower support continues to focus on yesterday's hourly neckline support of 80.5. Relying on this position, the main bullish trend remains unchanged. The upper target is still near the daily pressure of 83.4. The short-term bullish strong dividing line focuses on the 80.7 mark. If the daily level stands firm at this position. Continue to follow the trend and do more. Short selling can participate near the daily resistance of 83.4. (At the same time, beware of trend changes, and there is also a warning of a sharp drop in the technical side) SELL:80.7near SL:81.10 SELL:82.0near SL:82.40 SELL:83.4near SL:83.70 Technical analysis only provides trading direction!
FX:USOILSPOT
by ActuaryJ
2024-06-25 - priceactiontds - daily update - oilGood Evening and I hope you are well. wti crude oil comment: Trading range at the highs but bears printing bigger bars and they broke out of the bull channel that started 2 weeks ago. Measured move down would bring us to around the breakout retest price area 78.5 / 78.8. Bulls still want to break above 82 for 83/84 and test the bear trend lines again. current market cycle: Trading range key levels: 80 - 82 bull case: Bulls still see this as a second leg of a pullback around the lower bull trend line and they want to start their third leg (W5) up to 83/84. They need to keep it above 80 or bears might get cheeky and want to push it to the daily ema around 78.8, which would also be a breakout retest. Invalid below 80. bear case: Bears are not able to print two decent looking consecutive bear bars on higher time frames. Until they get much stronger or give up again, best they can probably hope for is sideways around 80. Selling today looks like a leg inside a trading range and not a stronger pullback below 80. short term: Neutral 80-82. It’s moving sideways. Don’t make it more complicated. medium-long term: We are seeing the big triangle playing out between 72 and 86 (could also be 87 but for now I see the spike above 83 as a failed breakout of the triangle. We hit the lower trend line and now we will test back up to above 83. —will update this Wednesday current swing trade: None trade of the day: Buy low, sell high and scalp. Clear key levels given
NYMEX:MCL1!
by priceactiontds
USOIL Will Go Higher! Buy! Please, check our technical outlook for USOIL. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 81.39. The above observations make me that the market will inevitably achieve 83.28 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!
TVC:USOILLong
by SignalProvider
1
WTI Oil H4 | Bullish uptrend to resume?WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 80.42 which is a pullback support. Stop loss is at 79.60 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level. Take profit is at 84.45 which is a pullback resistance that aligns with the 78.6% 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
1