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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
WTI CRUDE OIL: Turning bearish with two clear targets.WTI Crude Oil has almost reached on Wednesday our 83.50 long-term TP and it is time for us to turn bearish and consider a long-term selling approach. Technically, the 1D chart already almost turned neutral (RSI = 56.205, MACD = 1.310, ADX = 32.453) and hasn't even approached the 1D MA200. We are targeting a decline near the 1D MA50 (TP = 78.00). If the price closes a 1D candle under it, we will sell again and target the 1W MA200 (TP = 74.50), which as explained in previous analyses and as you can see on this chart, it has been the long-term Support since February 1st 2021. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
Breakout for crude oil in focusCrude oil has been grinding higher since the December low, but after a 4-week period of choppy trade momentum has turned higher. Whilst $80 has been a tough level to crack in recent week, we suspect a breakout is now on the cards - 200-day MA has provided dynamic support - Falling wedge into 200-day MA - Bullish range expansion out of the falling wedge - RSI (14) curling higher from the neutral zone (50) Prices are teasing the $80 level during a quiet Asian session. Bulls could either look to enter the breakout above $80 alongside rising volume, or seek dips down to the $79 handle / 2023 open price in anticipation of a breakout. The bias remains bullish above the $200-day MA with $84 now in focus
NYMEX:CL1!Long
by CityIndex
How will U.S. oil trade after the Federal Reserve decision?U.S. oil continued to fluctuate and repaired yesterday. The bullish EIA data in the evening failed to bring rebound momentum to U.S. oil. On the contrary, the market retreated to around the 80.8 line in response to technical needs before rebounding. Of course, this period was also affected by the Federal Reserve's interest rate decision. , in the end, US oil still closed with a negative line. If U.S. oil falls back to the 81-80.7 area today and tomorrow, you can be aggressive and light up your position. If you have long positions at this level overnight, you can still keep it. However, you can reduce your position as appropriate when the pressure is measured near 82 at the top during the day.
TVC:USOILLong
by Donald-king
USOIL continues to rise 85 today? Prices have pulled back after hitting a four-month high of $83 yesterday on Monday. Russia has increased exports in response to Ukrainian attacks on the country's oil infrastructure. Saudi Aramco CEO Amin Nasser has rejected the idea of phasing out fossil fuels, calling it a fantasy. Looking at the daily chart of crude oil, oil prices have fluctuated for about two weeks based on the moving average system, and oil prices have once again tested the upper edge of the channel. The two big positive lines show strong upward momentum, and it is expected that the mid-term rise will open up room for growth after adjustments within the week. Crude oil (1H) continues to trend higher and continues to hit new highs. The moving average system maintains a bullish arrangement and is supported by the 5-day moving average. The short-term objective trend is upward. Oil prices have adjusted slightly from high levels. It is expected that crude oil will continue to fluctuate upward in the short term during the day. Pay attention to the short-term support effect of 81.5.
TVC:USOILLong
by Crazy_money_making_signals
Can U.S. oil continue to be bullish? How to trade?The release of U.S. EIA crude oil inventory data and the Federal Reserve's interest rate decision may bring external interference to the trend, so U.S. oil needs to be careful in the short term. The bullish tone at the daily level has been locked in. A firm hold at 80 will lay the foundation for medium and long-term bullishness. As long as there are no major negative fundamentals in the future, it is worth looking forward to the medium and long-term bullishness of the 84-85 area and even the 90 area for U.S. oil. In the day, U.S. oil can see a temporary pressure correction on the 83 line, but don’t expect too much in the repair space below. You can focus on the 5-day line around 81.7-5. If the data tonight is negative, the short-term retracement target can be lowered. Moving to the 81-80.5 area, the main line of thinking is still bullish on US oil, so whenever a retracement is seen, we should still consider choosing lows to place long orders, provided that 80 cannot be broken. In addition, due to the frequent incidents affecting U.S. oil-related fundamentals from tonight to early tomorrow morning, conservatives can choose to wait and see and make relevant strategic adjustments after the fundamentals stabilize tomorrow. If you participate in radical activities during the day, you must also wait for the extreme point before participating, and you must make adjustments closely following fundamental events. Do not make judgments based solely on technical expectations.
TVC:USOILLong
by Donald-king
OPEC's production reduction measures will turn supply and demandCrude oil as a whole this week is going through a complex shock rebound. I have previously emphasized that from the perspective of the time cycle, the overall future focus will be on whether the low on the 26th breaks below. If it does not break below, the overall trend will be a shock upward, but we still have to wait for time to break through. This week, it rebounded further after gaining support at 76.7, closing up 4.07%, and finally closed at $80.96. From a fundamental perspective, the reasons for the continued complex fluctuations in crude oil prices this week are as follows: 1. Source: Venezuela’s Paraguana oil refining base suffered a power outage. The base’s daily output is 955,000 barrels. 2. IEA monthly report: Oil demand growth in 2024 is expected to be 1.3 million barrels per day; due to OPEC+ production reduction measures, oil supply and demand are expected to turn into a "slight deficit" in 2024. Global oil supply will increase by 800,000 barrels per day in 2024, reaching 102.9 million barrels per day. 3. The overall CPI in the United States unexpectedly rebounded in February; the market is worried that more Federal Reserve officials will adjust their expectations for interest rate cuts to two times this year. 4. The EIA Strategic Petroleum Reserve inventory in the United States increased by 596,000 barrels to 361.6 million barrels in the week to March 8, the highest since the week of May 5, 2023. 5. OPEC Monthly Report: The 2024 global economic growth forecast is raised from .7% to 2.8%, and the 2025 forecast is maintained at 2.9%; the global crude oil demand growth rate in 2024 and 2025 is maintained at 2.25 million barrels/ and 1.85 million barrels per day. The above factors are the key to the continued upward fluctuation of crude oil, and the core reason is that OPEC+ has implemented new voluntary production reduction measures. The rise in gasoline has pushed the overall CPI higher, and the unexpected rise in inflation will also support oil prices to a certain extent. Moreover, I was worried about the decline of crude oil before. There is a risk of a breakthrough, so I would like to remind you that you need to wait for a breakthrough in time. However, the overall trend is still bullish, especially the upward trend on Thursday. This will be further analyzed later; From a technical point of view, the overall outlook for next week will remain bullish. In the future, the overall focus will be on whether the low on the 26th is broken. From a time cycle perspective, the overall outlook is bullish until March 29th, so there will be no downside next week. Before 75.8, the market continued to fluctuate and was mainly bullish. But the space up and down here is very large at the moment. Risk control still needs to be done well. Making bold predictions and carefully verifying is the long-term way of trading. It is more based on the intraday strategy. The expected trend chart next week: If you are a newbie, you will not be able to complete transactions independently yet. You can refer to my trading ideas. You can follow my channel and I will alert you when trading signals appear.
TVC:USOILLong
by Donald-king
1
Seven tips for investing in gold and crude oilThe financial market is fair to everyone. Since some people lose money, some people must make money. But if you want to make a profit in investment, there is no shortcut. You can only do your homework seriously every day and accumulate diligently like an ascetic. In addition to providing some investment experience and learning methods, I also hope to find like-minded investment friends and work together. Research. Investment does not happen overnight. Losses in the early period do not mean losses in the later period; profits in the early period do not mean profits in the later period. Therefore, friends who are losing money should not be discouraged, and friends who are making profits should not be complacent. Let yourself invest rationally with a peaceful mind. 1. Learn to establish positions, close positions and make profits "Establishing a position" means opening. Opening is also called exposure, which is the act of buying gold. Choose the appropriate gold price level And timing to establish a position is a prerequisite for profitability. If you enter the market at a good time, you have a greater chance of profit: On the contrary, if you enter the market at a bad time, you are prone to losses. "Liquidation" is a stop-loss measure taken to prevent excessive losses when the gold price suddenly drops after a position is established. For example, if you sell gold at a price of 157, and later the gold price drops to 150, you will see a nominal loss of 7 yuan. In order to prevent the gold price from continuing to decline and causing greater losses, I sold gold at the price level of 150 and ended the exposure with a loss of 7 yuan. Sometimes traders refuse to accept losses and insist on waiting, hoping that the price of gold will turn back. In this way, they will suffer huge losses when the price of gold keeps falling. The timing of "profit" is more difficult to grasp. After establishing a position, when the price of gold has developed in a direction favorable to you. You can make a profit by closing the market. For example, you buy gold at 145 yuan; when the gold price rises to 150 yuan, you have a profit of 5 yuan, so you sell the gold and make a profit. It is very important to grasp the opportunity to make profits. If the price is closed too early, the profit will not be much; if the price is closed too late, the opportunity may be delayed, and the gold price trend will reverse, with no profit but loss. 2. "Pyramid" overweighting The meaning of "pyramid" overweighting is: after buying gold for the first time, the price of gold rises. Seeing that the investment is correct, if you want to increase your investment, you should follow the principle of "the amount added each time is less than the last time". In this way, the number of incremental purchases will become less and less, just like a "pyramid". Because the higher the price, the greater the possibility of approaching the top of the rise and the greater the risk. 3. Buy (sell) when there are rumors and sell (buy) when the facts are real The gold market, like stocks, often circulates some news or even rumors. Some news turns out to be true later, and some news turns out to be nothing more than rumors. What traders do is buy as soon as they hear good news and sell as soon as the news is confirmed. Vice versa, when bad news breaks, sell immediately and buy back as soon as the news is confirmed. If you don't trade quickly enough, you may incur losses due to market changes. 4. Don’t increase your bet when you are losing money. After buying or selling gold, when the market suddenly advances in the opposite direction, some people will want to add more money, which is very dangerous. For example, when the price of gold continues to rise for a period of time, traders chase the high price and buy the currency. Suddenly the market reversed and plummeted downwards. Seeing that the traders were losing money, they wanted to add more orders at a low price. In an attempt to offset the gold price of the first order, and when the gold price rebounds, the two orders will be closed together to avoid losses. Be especially careful with this overweighting approach. If the gold price has been rising for a period of time, what you bought may be a "top". If the more it falls, the more you buy, and you continue to increase your investment, but the gold price never turns back, then the result will undoubtedly be a vicious loss. 5. Do not participate in unclear market activities When you feel that the trend of the gold market is not clear enough and you lack confidence, it is better not to enter the market. Otherwise it is easy to make wrong judgments. 6. Don’t blindly pursue integer points In gold investment, sometimes things go wrong in order to compete for a few points. After establishing a position, some people set a profit target for themselves, such as earning 200 US dollars, etc. They are always waiting for this moment to come. Sometimes the price has already It was close to the target, and the opportunity was very good, but it was still a few points short of reaching the target. It could have been a flat profit, but due to the original target, the best price was missed while waiting, and the opportunity was missed. 7. Establish a position when the volatile market breaks through The market situation refers to the volatile market. A volatile market is a sign that buyers and sellers are evenly matched and temporarily in balance. Regardless of whether it is a shock in the process of rising or falling, once the shock ends, the market price will break through upward or downward, showing a breakthrough. This is a good time to enter the market and establish a position. If the market has been in a volatile market for a long time, the market price will break through. Opening a position has a greater chance of making a big profit.
TVC:USOIL
by Donald-king
2
Crude oil fluctuates upward The daily K-line of crude oil continues to run above the short-term moving average and continues to maintain a high and strong trend. There is currently no particularly obvious trend in the 4-hour trend. After yesterday's adjustment, it is expected that there will be a rebound trend in the short term. In the small-level cycle trend, after continuous narrow range fluctuations, the technical form began to gradually recover, the K line began to slowly stand on the short-term moving average, and the short-term trend tends to continue to rebound. long-term trends.
TVC:USOILLong
by Crazy_money_making_signals
Bullish Fibs Upmoves in Oil - Now, Needs to Defend 61.8% LineOil has held bull fibs since Feb 1. The 3 previous fibs are documented and highlighted on the chart. We have been in a wide-range pattern for the past couple of weeks, threatening to keep and hold yearly highs, only to fall back down. Now, it is facing it's biggest test in the upmove, with two different saves at the 61.8% line over the last week. Given the dynamics of the recent down move, I expect this 61.8% line to be challenged early on Sunday night / Monday with a break of 40-60 cents. If we can hold those level above and regain this 77.60 level, I do anticipate a big move to new highs in oil, ALL THE WAY UP TO 82.11.
NYMEX:CL1!Long
by CeresTrader
1
WTI CRUDE OIL: Huge sell long term and this is why.WTI Crude Oil is neutral on its technical outlook across the three different long term timeframes 1D, 1W and 1M (RSI = 50.461, MACD = 2.330, ADX = 15.020). The latter is the timeframe that we are looking at on this chart and as you can see, Oil is inside a Triangle pattern, which inside the 17 year Channel Down is the pattern that consolidates the price before a major selloff to its bottom. The similarities on the RSI sequences is further proof, so on the long term we are bearish on WTI (TP = 10.00), whose upside is limited to the 95.50 Resistance. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
3
Crude Oil Movement In Bearish Flag. Short long set up Hey guys! Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line. Reasons to open positions: 1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before 2) By moving into the flag we cross the support lines, and we didn't go lower, so also seems like we're repeating the scenario Take profit, better to put on the resistance line. Stop loss by lowest candle. IMPORTANT! Always follow RM! We don't trade more than 2-3% of the deposit! Oil and stocks you can trade on this crypto exchange: bingx.com
NYMEX:CL1!Long
by CarpBuro
Today’s Profitable Trading Signals for Crude Oil Hello everyone. At present, crude oil continues to fluctuate at a high level on the daily trend, and the short-term moving average is basically in a flat state, tending to continue to maintain a relatively volatile trend in the short term. Currently, the 4-hour trend continues to fluctuate at a low level, and the K line continues to be under pressure. The short-term moving average maintains a slightly weaker trend. The bottom rebound after the U.S. market yesterday has continued, and the current range on the hourly level has been compressed very little. The current resistance is around 81, forming a short-term downward trend. So today we rebound and need to sell
TVC:USOILShort
by Crazy_money_making_signals
Head and Shoulders Tutorial on Crude Oil ChartI have decided to start a short series of tutorials covering common instruments used in technical analysis. In today's tutorial, we observe a successfully identified head and shoulders pattern on the 4-hour chart of Crude Oil, resulting in a substantial movement of around 17%. Here's how to find the instrument: navigate to the left sidebar and select 'Patterns,' where you will find 'Head and Shoulders.' Analyzing and trading correctly involve the following steps: 1) Both shoulders must form within a rising or falling trend. In the case of that Oil chart, we observe a rising trend, indicating a potential short position. 2) The size of the head becomes our target for take profit (TP), and upon reaching TP, we close 80% of the position. 3) Ideally, volumes at the right shoulder should decrease, and upon breaking, they should increase. Risk Management Strategy: 1) Limit each trade to no more than 2% of your deposit. 2) Always utilize stop-loss and take-profit orders. 3) Never trade money you are not prepared to lose. 4) Start with small budgets. It is crucial to emphasize that risk management must be adhered to whenever you engage in trading! Register and trade stocks and crypto using my link with a discount on commissions: bingx.com/invite/E6RCUFJT
TVC:USOILEducation
by CarpBuro
WTI OIL: Bearish more likely long term.WTI Oil is neutral on the 1W technical outlook (RSI = 51.426, MACD = -0.040, ADX = 21.884) as it is about to close the third straight week trading sideways on the 1W MA50. On this long term chart, we can clearly see that the price hasn't crossed over the R1 level (79.75) since November 13 2023. As long as it keeps closing the 1W candle under it, we are bearish aiming at the 1W MA200 (TP = 73.50), which has been the ultimate Support in tha past few years, closing all 1W candles above it (see the circles). If on the other hand the 1W candle closes over the R1 level, expect a 83.50 test of the Symmetrical Resistance and 1W MA100, which is a Resistance level only crossed once since December 2022. The 1W RSI trend looks like October 2022 (over the RSI's MA), which was a pattern that was followed by a strong decline. Consequently, we will sell one more time if the 1W candle closes under the 1W MA200 and target near the S1 Zone (TP = 65.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOIL
by InvestingScope
USOIL WTI Long Opportunity - Confirmation at SMC Orderblock FVG 📈 USOIL WTI Long Trade Setup - Confirmation at SMC Orderblock FVG 🔍 Technical Analysis: USOIL WTI presents a potential long opportunity with confirmation at the SMC Orderblock FVG zone. Historical analysis indicates this area has acted as strong support in the past. Confirmation involves observing clear signals on smaller timeframes (1, 3, or 5 minutes) within the order block zone. 📊 Trade Plan: Entry Point: Consider initiating a long position upon clear confirmation within the SMC Orderblock FVG zone on smaller timeframes. Stop Loss: Place below recent swing low to manage risk effectively. Take Profit: Targeting potential resistance levels or previous highs. 🚨 Risk Management: Implement appropriate risk management strategies to protect capital. Stay informed about economic events impacting USOIL WTI. 📈 Disclaimer: This is not financial advice. Trade responsibly and conduct thorough analysis. 👉 Note: Monitor price action closely for timely adjustments. Happy Trading! 🛢️📈
TVC:USOILLong
by MAAwan