Get started

Oiltrading

WTI CRUDE OIL: Short term buy as the 4H MA50 held.WTI Crude Oil rebounded yesterday upon hitting the 4H MA50 and as the 4H technicals turned bullish (RSI = 55.674, MACD = 0.250, ADX = 26.371), this is a buy opportunity on the short term. We are targeting the 1D MA100 (TP = 73.50), where we will place the first medium term short (TP = 68.00). The maximum technical extension for this year has been the 1D MA200, so if the 1D MA100 breaks, we will place our second short at 77.00 for an even higher return trade (again TP = 68.00). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
15
Oil continues to drop despite China rate changeThe price of oil has taken a significant hit due to China's decrease in demand. As we all know, China is an essential player in the oil market, and any rate changes can significantly impact the industry. This news is disheartening. We have seen oil prices drop dramatically recently, leaving many investors uncertain about this market's future. However, I want to encourage you not to lose hope. Despite the current challenges, investing in oil is still a wise choice. While the market may be volatile right now, we know that oil is a valuable resource that will always be in demand. The need for oil will only increase as the world grows and develops.
TVC:USOILShort
by bryandowningqln
Oil continues to drop because of these market conditionsAs you are likely aware, the oil market has been experiencing a significant drop in prices in recent weeks, and this warning serves as a reminder of the potential risks involved in short selling during times of volatility. Furthermore, we are also waiting for China's announcement of interest rate cuts, which could further impact the oil market. It is essential to remain vigilant and cautious during these uncertain times. As an oil trader, I urge you to pause and carefully consider your actions before making any decisions that could significantly impact the market. We must all act responsibly and with caution to ensure the stability and sustainability of the oil market. In conclusion, I encourage you to take heed of the warning issued by Saudi Arabia and approach the current market situation cautiously.
TVC:USOILShort
by bryandowningqln
WTI CRUDE OIL: Pivot level separates sell from buy trade.WTI Crude Oil got rejected today exactly on the 0.5 Fibonacci retracement level, which is the pivot level we have identified that determines the short term trade. The medium term pattern is a Megaphone and with both the 1D and 4H timeframes neutral (RSI = 52.099, MACD = -0.100, ADX = 28.689), we can easily realize that the price is exactly in the middle of the pattern, hence the Pivot. We will buy if a 4H candle closes over the Pivot (71.05) and target the 1D MA100 (TP = 74.00). Similarly we will be selling as long as the candle closes under the Pivot and target S2 (TP = 64.00). The RSI is trading inside a Triangle, whose top and bottom can help you take profit earlier if needed. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOIL
by InvestingScope
14
Crude oil 11 win planOil prices fell more than $1 a barrel on Friday, falling for a second straight week, as data added to doubts about demand growth following Saudi Arabia's decision to cut production over the weekend. Oil prices had risen at the start of last week, buoyed by Saudi Arabia's pledge over the weekend to cut production further than the earlier deal with the Organization of the Petroleum Exporting Countries (OPEC) and its Allies. However, an increase in U.S. fuel inventories and weak data have impacted the market. Some market analysts expect oil prices to rise if the Fed puts interest rate hikes on hold at its next meeting on June 13-14. The Fed's decision could also influence Saudi Arabia's next move, analysts said. "What happens next is likely to depend on inflation data and interest rate decisions in the coming weeks." On Friday, crude oil slightly back to the lowest 70.60 US dollars line after the opening of a wave of rebound, the highest rebound in the US hit the first line of 71.75 US dollars, then rose to fall back, the US crude oil continued to fall back, the current minimum fell to 70.10 US dollars line, the final close near 70.30 US dollars, the daily close small negative line, The weekly line with a lower shadow line is long, and after the end of such a form, crude oil early rebound short, there is room to continue to fall and demand, today's crude oil attention above the resistance near $71.60, rebound relying on the resistance below here, and then look near $68.50 can be! Composite: Crude oil hit sell near 71.3, target 68.5
BLACKBULL:WTIShort
by Besttraderking
1
Will oil continue with strong China refinery output?There is some exciting news about the oil market that I believe will pique your interest. As you may already know, China's refinery output grew by a whopping 15% in May, which has contributed to a surge in demand for oil. Additionally, OPEC+ decided to cut supply in May, and Saudi Arabia has announced that it will cut supply for July due to a supply deficit in times of high demand. These factors have led to a rise in oil prices, which is excellent news for those interested in oil investing. As an oil trader, I encourage you to consider taking advantage of this opportunity to invest in oil and potentially reap the benefits of this market growth. So, what are you waiting for? Don't miss this chance to capitalize on the rising oil prices. Act now and explore the world of oil investing.
TVC:USOILLong
by bryandowningqln
Can oil demand bounced back to drive pack price? As you may have noticed, oil prices have recently ticked up on bargain hunting, but demand worries continue to weigh heavily on the market. While this may seem like a good investment opportunity, I urge you to exercise caution. The global pandemic has caused unprecedented disruptions in the oil industry, and the future remains uncertain. Demand for oil is likely to remain suppressed for some time. In addition, the ongoing trade tensions between major economies could also impact the market. Therefore, it is important to be mindful of the risks associated with investing in oil at this time. While there may be opportunities for short-term gains, the long-term outlook remains uncertain. I encourage you to carefully consider your investment strategy and consult with a financial advisor before making any decisions. It is important to prioritize your financial well-being and make informed choices in these challenging times.
TVC:USOIL
by bryandowningqln
OIL dropped 1% as Fed call this draws uncertaintityI wanted to bring to your attention some recent developments in the oil and financial markets. Specifically, there are concerns about the impact of upcoming signals on the U.S. economy and monetary policy. This week, we expect U.S. consumer inflation data to be released on Tuesday, which will likely factor into the Federal Reserve's decision on interest rates on Wednesday. While the Fed is expected to keep rates steady, there is still some uncertainty because U.S. inflation is trending above the central bank's target range. As a result, markets are remaining cautious about any potential hawkish moves. Additionally, the dollar has firmed in Asian trade, putting pressure on oil markets by making crude more expensive for international buyers. I thought bringing these developments to your attention was essential, as they could impact this week's oil price. Please let me know if you have any questions or concerns via the comments.
TVC:USOILLong
by bryandowningqln
WTI Light Sweet Crude Oil, 6/12/23A two-sided framework continues through summer between 62.14 long-term support, and 82.45 long-term resistance, both regions able to contain seasonal activity.   Downside, a weekly settlement below 62.14 indicates 53.87 within several months, longer term Fibonacci support able to contain selling into later year.   Upside, a weekly settlement above 82.45 indicates 94.67 within several months, able to contain buying on an annual basis. - For Monday, 72.16 can contain buying into later week, below which 68.52 remains a 3 - 5 day target able to contain selling over the same time horizon.   A daily settlement below 68.52 indicates 62.14 over the next 2 - 3 weeks, where the market can bottom out through summer activity.   Upside Monday, closing above 72.16 indicates 77.56 within 3 - 5 days, able to contain weekly buying pressures when tested and the point to settle above for then indicating 81.44 long-term resistance within 2 - 3 more weeks.
NYMEX:CL1!
by SpecialeAnalysis
WTI CRUDE OIL: Solid buy opportunity, targeting the 1D MA100.WTI Crude Oil has a sudden sell-of on the current 4H candle that touched the 69.00 price level and was quickly bought back. The 4H timeframe remained neutral despite this (RSI = 48.787, MACD = 0.110, ADX = 18.840), providing the ideal buy opportunity for the final leg upwards and test of the 1D MA100. As you can see, the 4H RSI is fairly similar to the the first 2 weeks of may where the Channel Down started the bullish leg to the HH trendline. We are bullish already with TP = 74.50. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
4
XTIUSD BuyAs we have seen in gold that gold has formed a triangle patteren and now if we see at Crude Oil its also forming this wedge and has complete its E wave after completion of ABCD now it will be going Upwards so we will buying this commodity after it breaks 72.89 level and price sustain there then it will be a bullish move to 73.74 price level so we wil be waiting for price action while am posting this idea seems like there is a Bullish engulfing or morubozu is forming On H1 time frame so we will until we get a clear Price action too..
FXOPEN:XTIUSDLong
by Wakeel_Saab
OPEC+ could push up oil price as China is most important According to the International Energy Agency (IEA), OPEC+ may push up oil prices, but China remains the most essential factor in the market. As we all know, China is the world's largest oil importer, and any changes in their demand can significantly impact global prices. With their economy recovering and demand increasing, now is the perfect time to invest in oil. The IEA also predicts that global oil demand will continue to rise in the coming years, further supporting the case for investing in this market. As traders, we can take advantage of this trend and potentially see significant investment returns. Therefore, I encourage you to consider investing in oil and taking advantage of this exciting opportunity.
TVC:USOILLong
by bryandowningqln
Crude oil trading planYesterday crude oil 72.60 long rose 73.83 US dollars a line, once again a big win swept 1200 points! Yesterday crude oil went up first and then fell back to the market trend, the trend is completely in our expectations! Yesterday, crude oil jumped high to open 73.60 US $line, the morning crude oil appeared to step back, the minimum step back touched 72.25 US $line, we decisively in 72.60 direct bullish entry, European and American crude oil as scheduled to pull up, the highest pull up touched 73.83 US $line, profit again, then the end of the crude oil high fall, Finally closed at $71.90 line, the daily line with a lower shadow line slightly longer line, and after the end of such a form, crude oil today rebounded short, there is still room for continued decline and demand, keep up with the pace of the market! Today, crude oil is concerned about the upper resistance near $73.40, and the rebound relies on the resistance below here to continue to short, and then look at the vicinity of $70.0!
TVC:USOILShort
by Besttraderking
4
Saudi Arabia boost oil price with output cutI have some exciting news to share with you today. Saudi Arabia has recently announced their plan to boost the oil price by cutting their output by 1 million barrels a day. This is excellent news for the oil industry and presents a fantastic opportunity for investors like you and me. As you know, the oil market has been volatile in recent years, but with this announcement, we can expect a significant rise in oil prices. Therefore, this is the perfect time to invest in oil futures and exploit this exciting development. I encourage you to act fast and invest in oil futures today. This is an opportunity that you don't want to miss out on. With Saudi Arabia's commitment to reducing its output, we expect a steady increase in oil prices over the coming months. Let's exploit this exciting opportunity and invest in oil futures today. I look forward to seeing the positive results of this decision shortly.
TVC:USOILLong
by bryandowningqln
WTI CRUDE OIL Sell continuation at least to 64.50WTI Crude Oil / USOIL is on a strong 1 week selling streak after the rejection on the 1day MA50. With the MACD on a Sell Cross and the price long broken under the Rising Support, every similar past sequence hit at least Support A. You can even sell on the current market price and target 64.50. The long term trend remains heavily bearish inside almost a yearly Channel Down. Every contact with the 1day MA100 is a sell opportunity. Previous chart: Follow us, like the idea and leave a comment below!!
TVC:USOILShort
by TheCryptagon
18
WTI CRUDE OIL: Formed a Megaphone. Buy signal.WTI Crude Oil formed a Megaphone pattern and is now near its bottom with the 4H time frame on oversold technicals (RSI = 27.320, MACD = -1.180, ADX = 31.676). This is a short term buy signal, targeting the top of the Megaphone, 1D MA100 and 0.618 Fibonacci Resistance Zone (TP = 75.00). A breaks under the Megaphone and S1 targets S2 (TP = 63.65). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
13
Valuation Chart for Exxon Mobil (by The Equty Channel)Average analyst target for Exxon s higher at $127.79. Traders who want to take advantage of this may wait to enter the trade near far value of $83.64. Oil prices hare being negatively impacted by the current economic environment and there could be some near term downside ahead of greater summer demand. Those looking to invest should know that the longer term outlook for Exxon calls for earnings to experience a -10.74% CAGR over the next 5 years. Pairing that information with my knowledge of the current economic environment it suggests there could be pandemic-like draw down for the energy sector, as the global economy continues to weaken. Investors should understand that Exxon is anchored to lower prices and wait for better buying opportunities. Tune into the Equity Channel Podcast next week for a discussion of what we may be able to expect in the second half of 2023.
NYSE:XOM
by D1Finance