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Crude Oil Tuesday ForecastI Have in Mind that we will be BEARISH bias mostly this week as we have Tapped into the Premium Daily FVG yesterday and rejected lower. My two targets shown in the forecast are the arrows. Daily PDL Weekly SSL Now it is important to realise that the market is moving in London and a straight sell into 0830 or 0930est wouldn't be the best move. Waiting for a retracement and then finding your model to get into the market is what we all strive for and to do couple times a week as intra day traders if the market gives us the opportunity. Lets see how this plays out !!!
NYMEX:CL1!Short
by IamThattrader
Oil Counter-Trend Longs into Next ShortOil has broken the 15 minute shorts and now are on their way to the All The Way HWB shorts in on the larger 4 hour time frames. You can see how on Friday, the small time frame shorts survived multiple 4 hour candle dives below the 61.8% longs, only to close at or above the 61.8% long. Our 15 minute bias is long and expect it to trade back up to the 82.18-83.42 level, where we sold it in April. Where we can, we will try to be a buyer . . . should have bought those 15 min longs on Friday but it's a hard contract to hold over the weekend. . . .though if there is a direction to hold oil over the weekend, it would be long in the event of a geo-political issue that causes a gap up in oil prices.
NYMEX:CL1!Long
by CeresTrader
1
Crude oil pays attention to short-term adjustments Crude oil currently continues to maintain a good oscillatory upward trend along the short-term moving average on the weekly trend. It also maintains a good oscillatory upward trend on the daily trend. Although it has gone out of a slight rise and fall, the strong technical form is still the same. Nothing has changed. There is a certain degree of divergence in the 4-hour trend. The K-line has begun to gradually break through the short-term moving average. There may be a certain degree of adjustment in the short-term trend.
TVC:USOILShort
by Donald-king
1
Crude oil is at a high level, don’t be aggressive in chasing bulAt present, crude oil is around 86, which has reached the expected high point. Although technically bullish, this level is no longer suitable for chasing the rise. According to technical expectations, it should be temporarily suspended between 86-85. If crude oil does not stop in the short term, then the short-term market will exceed expectations, so it is okay to miss it and not participate. And if crude oil has a correction in the short term, it will be an opportunity for long orders to enter the market. In the short term, 85.35 will continue to be bullish. If there is a sudden adjustment and correction, the double bottom support above 84.2 will be bullish, and the resistance target is 86.5-87. Trading strategy: You can go long with light positions near 85.5-3, stop loss at 84.8, if there is support at 84.5 above the 4-hour mid-rail, you can participate with long orders here.
TVC:USOIL
by Donald-king
Crude oil hits new highs, if it falls back, you can go long At present, due to the intensification of international geopolitical conflicts, market supply concerns have once again heated up. At the same time, manufacturing data in the United States and China have rebounded, and demand-side expectations have increased. The dual benefits on both sides of supply and demand have stimulated the rebound of crude oil. Technically, the continuous positive closing continues to test the upper pressure level. . In terms of operation, we will focus on the pressure level near 85, and the gradually moving upward support near 82. We will support the bullish trend by stepping back, but do not consider aggressive pursuit of the increase. Crude oil is short around 84.4, stop loss is 85.2, target is below 82.6 Go long near 82.3, stop loss 81.5, target above 84 Ideas are for reference only. Profit and loss are at your own risk. Investment is risky. Please be cautious when entering the market.
TVC:USOIL
by Donald-king
Crude oil pressure is obvious, bulls are cautious U.S. crude oil inventories continue to rise, and short-term demand concerns have also increased. However, as expectations for U.S. interest rate cuts have increased, the loose atmosphere has given crude oil some support. At the same time, short-term supply-side pressure has increased as geopolitical conflicts intensify. Crude oil also stretched again after repeated repetitions. Technically, longs and shorts closed alternately. The top still focused on the pressure around 84, but did not chase the rise too much.
TVC:USOIL
by Donald-king
Oil hits YTD peak. What are the risks now? Oil prices reached their highest level in seven months, partly driven by worries that escalating tensions in the Middle East could constrain supply. Iran has warned of a potential "serious response" against Israel following a targeted strike in Damascus that resulted in the deaths of two Iranian generals. This incident has raised concerns about a widening conflict in the Middle East, following over five months of the Israel-Hamas conflict in Gaza. Furthermore, Ukraine has launched a counter-offensive by targeting Russia's oil infrastructure. Although the attacks have so far reportedly only caused minimal damage. Ukraine's objective is to disrupt Russia's main financial support for its invasion of Ukraine. Better-than-expected manufacturing purchasing managers' index (PMI) reports from China and the US have also buoyed optimism in the oil market. Because of this, investors might anticipate increased demand in the manufacturing and industrial sectors of both countries. WTI has now found support just above $84.00. The 100 SMA is above the 200, potentially indicating that support is likely to hold. However, caution might be warranted as the market nears overbought conditions. If the $84.00 level fails to provide support, the subsequent target could be slightly below $81.00, coinciding with the 50% Fibonacci retracement level from the low in March to the recent peak. Alternatively, a less significant pullback might see buyers stepping in at the 23.6% or 38.2% Fibonacci levels.
BLACKBULL:WTI
by BlackBull_Markets
Expectations of Fed rate cut rise, gold retreats1: Investors are anxiously awaiting data to be released later this week to gain insight into potential inflation trends and provide a strong basis for judging the timing of interest rate cuts. At the same time, market expectations for an interest rate cut by the U.S. Federal Reserve are growing, coupled with the strength of U.S. gold . Market focus will be on Friday's release of the U.S. core personal consumption expenditures price index. The data will reveal the latest developments in inflation and have an important impact on the Fed's monetary policy decisions. 2: Market concerns mainly come from the uncertainty of global oil supply. Ongoing Ukrainian attacks on Russian refineries have heightened geopolitical tensions and put additional pressure on oil markets. In addition, Commerzbank commodity strategist Barbara Lambrecht pointed out that as the U.S. sanctions exemption on Venezuela is about to expire, Indian refiners have stopped buying crude oil from Venezuela, which further exacerbates supply instability. Overall, while the oil futures market showed some consolidation on Tuesday, market participants remain concerned about the global supply outlook and geopolitical tensions. These uncertainties may have further impact on oil prices, and investors need to pay close attention to market dynamics and formulate corresponding investment strategies.
TVC:GOLD
by Donald-king
OIl Buy The Dips, Sell the RipsCrude OIl: Daily, Fibs & Indicators . . . Not as bullish as one would think. The move above the daily BB showed why you don't buy above the BBs . . . eventually, you get a correction. 3 days down for oil. The BB midpoint, yellow line, has been a support level for oil and will be interesting to see what happens down there. But, we are at a big resistance level based on the Oct - Dec 23 downdraft . . . so, we will be watching to see if we get support at 79.25 and then do we make a move back to highs at 83.22? That may be the trade in oil.
NYMEX:CL1!
by CeresTrader
1
Crude oil is focusing on support near 80, how to trade today? The short-term trend of crude oil (1H) fluctuated and hit new lows, testing the 80 support. The moving average system is arranged in a short position, and the short-term objective trend is downward. Oil prices hit around 80.70, forming a certain recurrence, and their upward strength is relatively weak. It is expected that crude oil will remain volatile in the short term during the day. Trading strategy: 81.60 short, stop loss: 81.90, target 80.60.Trading strategies are for reference only
TVC:USOILShort
by Donald-king
WTI H1 / Opportunity for a Short Trade 💲Hello Traders! I see a good opportunity to execute a short trade on WTI H1. I expect the BOSS at the price of 77.80 to be taken, and in case of retracement, I will look for a short trade entry. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
FPMARKETS:WTIShort
by GoodTradeST
WTI H1 / POTENTIAL LONG ENTRY / OIL IS GOING BULLISH 🛢Hello Traders! This is my forecast for WTI H1. I see another retracement from the bullish channel, considering this an opportunity to execute a long entry until the resistance level and above the Previous Day's High. If confirmed, I will execute a long entry. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
BLACKBULL:WTILong
by GoodTradeST
7 Diamnesion Analysis for OIL 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Corrective move is filled POi, now impulsive is starting 🟢 Inducement: Done 🟢 Pull Back: 1st and deep 🟢 Internal Structure: Bearish 🟢 Ext OB: Mitigated 🟢 Supply, Distribution, Rejection: Trendline broke, trend line Breakout/CIP done 🟢 Time Frame Confluence: Daily, H4 2️⃣ Pattern 🟢 CHART PATTERNS: Reversal, Rounding Patterns, Double top 🟢 CANDLE PATTERNS: Record Session count observed in internal leg, Shrinking long wick end, Change in guard engulf, Momentum: strict engulfing with bearish strength, Tower top also observed 3️⃣ Volume 🟢 Fixed Range: In this area, bears are already strong 🟢 No Volume during correction 4️⃣ Momentum RSI 🟢 Zone: Bearish sideways 🟢 Range shift: Bullish to sideways properly 🟢 Overbought rejections count: 2 5️⃣ Volatility Bollinger Bands 🟢 Middle band: Price below the middle band with a ninja candle bearish closing 🟢 Contraction: Fully 🟢 Two Band Punchers: Observed in the upper band 6️⃣ Strength According to ROC 🟢 Values: USD -3.05, OIL is -15 7️⃣ Sentiment According to all sentiments, oil prices are under pressure ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Bearish ☑️ Current move: Impulsive ✔ Support Resistance Base: Supply area rejection ☑️ Candles Behavior: RSC, bearish Momentum ☑️ FIB Trigger event: Done ☑️ Trendline breakout: Done 💡 Decision: Sell at opening 🚀 Entry: 73.45 ✋ Stop Loss: 76.87 🎯 Take Profit: 62.55 2nd If Internal Structure Changes also Exit 3rd Trendline Breakout, Fomo 😊 Risk to Reward Ratio: 1:3.5 🕛 Expected Duration: 15 days SUMMARY: The analysis suggests a bearish outlook, supported by structural, candlestick, and volume indications. Momentum in RSI and Bollinger Bands also align with the bearish stance. The decision is to sell at the opening with specific entry, stop loss, and take profit levels, considering potential internal structure changes and trendline breakouts.
TVC:USOILShort
by Optimum369
WTI H2 / RETRACEMENT FROM THE OB, SHORT TRADE OPPORTUNITY 📉🛢Hello Traders! As expected, we can see a retracement of the OIL H2 from the resistance level, and also, from the OB at the price of 74.900. I see this retracement as a good signal of bearish domination, representing a good opportunity to execute a short trade. Treaders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
BLACKBULL:WTIShort
by GoodTradeST
3
WTI H4 / A KEY LEVEL FOR OIL 🛢📊Hello Traders! This is my perspective on WTI H4. OIL is currently at a key level, and I'm waiting for a confirmation. At the moment, OIL is in a bearish channel pattern and has now reached the resistance level. I anticipate a move until the OB from the price of 78.200. Additionally, there is a significant possibility of a strong bearish move down to the price of 65.000. If there is confirmation of a retracement from the resistance level, I will execute a short trade. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
BLACKBULL:WTI
by GoodTradeST