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USOIL Buyers In Panic! SELL! My dear subscribers, My technical analysis for USOIL is below: The price is coiling around a solid key level - 78.44 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 76.72 My Stop Loss - 79.51 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
TVC:USOILShort
by AnabelSignals
1
Oil Price Find Footing as Inflation Cools, Russia Threatens CutThe global oil market witnessed a balancing act this week, with prices finding temporary stability despite conflicting forces. While data indicating a possible slowdown in US inflation offered some relief, Russia's vow to cut oil production cast a shadow of potential future price hikes. West Texas Intermediate (WTI) crude oil futures, the US benchmark, remained above $78 a barrel, clinging to the gains accrued throughout the week. This stability comes after a period of volatility, with oil prices having fluctuated significantly in recent months due to ongoing geopolitical tensions and concerns about global economic growth. The US Federal Reserve's decision to maintain interest rates at their current level was the primary source of comfort for the market. This decision, coupled with recent signs of cooling inflation, suggests a potential shift in the Fed's monetary policy stance. Earlier concerns about aggressive interest rate hikes to combat inflation had dampened economic activity and raised fears of a recession, potentially leading to a decline in oil demand. The Fed's decision to pause on rate hikes, with the possibility of one cut later in the year, provided a sigh of relief for the oil market. However, this cautious optimism was countered by Russia's announcement of a potential production cut. Russia, a major oil producer, has been a key player in the recent oil price volatility. The ongoing war in Ukraine has disrupted global oil supplies, and Russia has hinted at further reductions in output in retaliation for Western sanctions. This threat of a supply squeeze could push oil prices higher in the coming months, potentially negating the positive sentiment stemming from the Fed's decision. Analysts remain divided on the long-term trajectory of oil prices. Some believe that a global economic slowdown, fueled by rising interest rates and ongoing geopolitical tensions, will eventually lead to a decrease in demand. This, coupled with a potential increase in oil production from other major producers like the US, could bring prices down. However, others warn that the geopolitical risks remain significant. The war in Ukraine shows no signs of abating, and further disruptions to Russian oil exports could trigger another price surge. Additionally, the limited spare production capacity among major producers could make it difficult to compensate for any potential Russian output cuts. The outlook for oil prices in the coming months is thus uncertain. While the Fed's decision and signs of cooling inflation offer some hope for stability, the threat of Russian production cuts and ongoing geopolitical tensions continue to pose significant upside risks. Looking beyond the immediate future, the long-term trend for oil prices will likely depend on the pace of the global energy transition. As countries around the world invest in renewable energy sources and push for decarbonization, the demand for oil is expected to decline over time. This could lead to a gradual decrease in oil prices in the long run. However, the transition away from fossil fuels is a complex process, and oil is likely to remain a critical source of energy for many years to come. In conclusion, the global oil market is currently navigating a period of flux. While short-term factors like the Fed's monetary policy and potential Russian production cuts are influencing prices, the long-term trajectory remains uncertain and will depend heavily on the pace of the global energy transition. Consumers and businesses alike should brace for continued volatility in the oil market, with prices likely to remain sensitive to geopolitical developments and economic data releases.
TVC:USOIL
by bryandowningqln
OIL: First red day, three days cycleHi 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 ✅ day 3 cycle 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: secondary, the market could go to retest the HOW for further move during the upcoming week, not really interested in this scenario, unless a clear dump and pump made in 3 sessions. Short: primary, first red day, failed breakout of the HOW, potential backside move back into the LOW. However, the market is In Balance, no other time frames triggered yet. Before shorting this market I will be waiting for one of the two yesterday extremes to be triggered, looking then for a sell high opportunity. 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:SPOTCRUDEShort
by GianniPichichero
11
The Petrodollar Agreement and the Future of OilThe term "petrodollar" refers to the value of oil bought with U.S. dollars. This concept was founded in 1974 when Saudi Arabia and the United States made an agreement to price Saudi oil exports exclusively in U.S. dollars. This arrangement had significant effects on the global economy and politics. This system increased the global demand for U.S. dollars. Oil-exporting countries like Saudi Arabia committed to selling oil only in dollars, forcing other countries needing oil to acquire U.S. dollars for transactions. This continuous demand strengthened the value of the dollar in global markets. This system also led to the widespread use of the dollar. Since oil is a strategic commodity used worldwide, the need for dollars to buy oil pushed countries to hold large reserves of dollars. This includes central banks and major companies that rely on importing oil to meet their needs. Due to the increased demand and continuous use of the dollar, its value became stable. When there is a high and steady demand for a currency, its price fluctuations decrease, making it a stable and reliable currency for international trade. This stability enhanced the dollar's position as the world's main reserve currency. Why Is the World Watching Now? Recent geopolitical developments and changes in global alliances have sparked discussions about Saudi Arabia's role in the petrodollar system. Major economies like China and the European Union are emerging as key players in global oil markets, and there are serious and successful attempts to price oil in their currencies. The BRICS aims to launch a new global economic system, and the idea of pricing oil in non-dollar currencies has been proposed. This idea is not just a theoretical study but is based on tangible real-world evidence. After the Russian war on Ukraine and the subsequent economic sanctions from the U.S. and the West, Russia announced it would sell its oil in rubles under certain conditions. In March 2023, a deal was made for Russia to sell oil to India, with payment in rubles. In the same month, Saudi Arabia announced its intention to consider exporting part of its oil to China in yuan. The United Arab Emirates took the first step in this field by pricing gas in Chinese yuan. Last year, the Shanghai Stock Exchange announced the pricing of a shipment of Emirati gas in Chinese currency. The UAE did not immediately announce whether it would continue pricing part of its liquefied gas exports in yuan on the Shanghai Stock Exchange or if it was just testing the global market's reaction to this move. Benefits for the UAE and China For the UAE, the benefits include diversifying revenue sources and reducing reliance on the U.S. dollar. This move strengthens economic ties with China, the world's second-largest economy, opening up more opportunities for cooperation and joint investments. It also represents a strategic step towards achieving greater flexibility in international financial and trade dealings. For China, this move enhances the yuan's position as an international currency, contributing to reducing reliance on the U.S. dollar in global trade. By pricing oil and gas in yuan, China can secure energy supplies with its local currency, reducing currency conversion costs and helping to enhance internal financial stability. Impact on the Dollar A crucial point is the global push towards renewable energy and the potential decrease in oil demand, which can significantly affect the dynamics of the petrodollar system. As the world seeks to shift to cleaner and more sustainable energy sources, the importance of oil—and thus the petrodollar—may diminish in the global economy. Additionally, the changing political landscape, including shifts in U.S. foreign policies and Saudi Arabia's strengthening relations with other global powers, may lead to a reevaluation of the petrodollar arrangement. These political shifts might prompt Saudi Arabia and other countries to consider using alternative currencies in oil trade. Vision for Diversification Saudi Arabia and the United Arab Emirates aim to diversify their economies away from oil dependence to achieve long-term economic sustainability and reduce risks associated with global oil price fluctuations. Saudi Arabia's "Vision 2030" aims to diversify income sources and develop new economic sectors such as tourism, entertainment, industry, technology, and education. This program aims to create new job opportunities, attract foreign investments, and achieve comprehensive and sustainable economic growth. The UAE focuses on developing sectors such as tourism, aviation, trade, finance, technology, real estate, education, and renewable energy. Through this vision, the UAE seeks to strengthen its position as a global hub in various fields, which it has largely succeeded in so far, and reduce its reliance on oil as a main part of its economy. In summary, the world is closely watching Saudi Arabia and its allies because any changes in their approach to oil trade and currency preferences can have widespread effects on global financial markets, the strength of the U.S. dollar, and international economic relations.
TVC:UKOIL
by bbitar
BRENT. Weekly trading levels 10.06.2024 - 14.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
OANDA:BCOUSD
by Forex_Hoby
Crude Oil peaks on OverSupply of Commercial Held Barrels?Hello Traders.. Today Crude Oil went up and up and up and was beginning to resemble a small cap crypto.. this was until US Inventories data release showed an oversupply of 2/3 items. The number of barrels held by Commerical firms was forecasted to decrease by -1.2 million barrels in this weeks readings. Maybe this is why we saw crude hiking up and up (+1.15$) throughout Asian session and London session. The Actual reading, released 30 minutes prior to London close, showed an increase in the number of barrels held by commercial firms. 3.7M is the number. This increase is signnifcant , especially since the last 4 releases have been forecasted to show a decrease in the number of barrels held . With an oversupply, price naturally dropped , abiding to the laws of supply and demand. In our previous forecast we were anticipating a retest of 77.8 and consequential increase. We indeed observed this after price dropped dramatically. We saw 77.8 1Hr Zone hold firm. The Monthly, Weekly and Daily timeframes are still screaming buys and I'm still thinking there is some momentum bullish in the market. These are the prices that I like for scalping in the upcoming sessions. 78.80 1hr zone, 77.8 1hr zone. 77.30 is target for sells for upcmoming session while 79.25 is the target for longs in the upcoming sessions.
TVC:USOILLong
by ShrewdCatfx
2
OIL: Day 3 long breakout traders in the market, HOW reversalHi 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 ✅ day 2 cycle 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: secondary, no FRD signal, however the behaviour is pretty similar. In this kind of scenario, considering the market already dumping, if it start consolidating for a false break reversal in a daily overview, I would be happy to have a scalp long. Short: primary, weekly failed breakout, 3 days long in the market, price now on the backside move also in bigger timeframes, I will be looking for a sell high targeting the LOW. 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:SPOTCRUDEShort
by GianniPichichero
6
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 77.52 which is a pullback support. Stop loss is at 76.30 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level. Take profit is at 80.37 which is a multi-swing-high resistance that aligns close to the 50.0% 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.
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FX:USOILLong
by FXCM
10