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Crude Oil Brent

USOIL 1st NOVEMBER 2022US President Joe Biden will ask oil and gas companies to invest some of their record profits in lowering the cost of living in the country. Biden will ask Congress to consider requiring oil companies to pay a tax penalty. Biden has previously encouraged oil companies to increase production rather than use profits for share buybacks and dividends. The government is also relying on releasing supplies from the Strategic Petroleum Reserve (SPR) to ease the supply crisis.
TVC:USOIL
by DNP-FX
$WTI #USOIL Can Start To Rise Further, Can Go ParabolicTraders, USOIL has been rising after hitting our FCP zone as below. If 2 conditions of this set up are satisfied, it can start rising parabolically towards 100 again where we have an unfilled gap too. Manage the risk though! Aug 21: September 26: Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:USOILLong
by vikinsa
2
XAUUSD : IMPORTANT TA , READ the CaptionGOLD UPDATE : Still on the gold chart, I specified my opinion is still Bearish and its possible targets marked on the chart! Please note that today, as it is the first day of week, the market does not follow a particular trend, but the important levels mentioned in the current and previous analysis are valid! Previous Analysis : By examining gold in the 4-hour time frame, you can see that the price finally managed to hit all its important upward targets (Final Result is +520 Pips ✅) , and by collecting liquidity above $1668, it faced heavy selling pressure and corrected to $1644! According to the price trend, I expect further correction, and according to the analysis of the previous week, the price may soon move towards the liquidity pool of SELL STOPS below the price of $1615, if this happens after collecting liquidity below this level. We will probably face a temporary price pump, the range of this liquidity pool is from $1615 to $1606! The new Bullish Order Block is in the range of $1617.5 to $1627.5! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 10.24.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
OANDA:XAUUSDShort
by ArmanShabanTrading
47
CRUDE OIL (WTI) Waiting For Breakout🛢 WTI Crude Oil has recently dropped to a key daily structure support. The market is currently trading within a horizontal range. To catch the next trend-following move, watch 81.85 - 83.4 horizontal demand zone. Wait for its bearish breakout - daily candle close below that, then sell aggressively or on a retest. Targets will be 79.7 / 76.5 Alternatively, a bullish breakout of the underlined resistance may trigger a bullish movement. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
7
CRUDE OIL CAN FURTHER TUMBLE BELOW $80Check out the trade plan for USTCBUSD today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you! Oil faked a bullish breakout on the hourly minor trend formed and here we can clearly witness a failed breakout on the key level highlighted. This reversal is on the 4th impulse hinting us another minor trend to happen to the downside with respect to a bear flag breakout. Here I expect the price to revisit back another important low we have been moving close to or below $80 in the next few days.
TVC:USOILShort
by traderchamp_
WTI oil - The downtrend is not done with the oil market Previously, we stated that we wanted to avoid setting a price target for the short-term and medium-term because of high volatility and rumors (then actions) affecting OPEC's supply. Instead, we said that we would focus on our long-term price target of 70 USD. Since then, the price of WTI oil had fallen approximately 4% before erasing some losses. Today, we are still committed to our long-term price target and expect volatility in the oil market to stay persistent, with the U.S. and OPEC attempting to reach their own economic and geopolitical interests. In addition to that, we are growing even more pessimistic on the topic of demand because of several reasons. First, the stock market has been in a bear market for the past few months, dramatically raising prospects of lower oil demand over the coming months (especially as the FED will continue to tighten and worsen economic conditions). Second, the OPEC recently confirmed this same narrative about the declining demand when it slashed its demand growth forecast for 2023 from 2.6 million bpd to 2.3 million bpd. Third, a likelihood of more strategic petroleum reserves being released by the U.S. to dampen the price. Besides that, our views are also supported by technical factors, pointing to liquidity issues in the overall market. We believe this tremendously increases the odds of a stock market crash. As if it was not enough, futures oil contracts manifest backwardation. Therefore, we voice a word of caution to investors. Technical analysis - daily time frame RSI, Stochastic, and MACD are bearish. DM+ and DM- performed a bearish crossover. Overall, the daily time frame is bearish. Illustration 1.01 We introduced the setup above yesterday when the price was near its low. Now, we believe that the time is running out quickly for the long trade. Therefore, we would like the price to break below the short-term support to support the bearish thesis in the short-term term. Technical analysis - weekly time frame RSI and MACD are bearish. Stochastic is bullish. DM+ and DM- are bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
19
oil analysis inputs most welcomeoil on one hand is showing sighs of weakness and on the other hand is showing that there is a last leg of the wave pending if oil goes with the wave theory it can seriously ruin the stock market party it has also fallen from a rectangle pattern to the down side where it can fall towards levels of 70 but if the last leg of the wave theory is pending it may go towards 120 to 140 levels which can hurt especially the Indian economy and the rupee as oil production is being cut it supports higher levels as until there is more supply the prices are not going to fall. demand cannot die or slow as particularly talking about india economy needs oil move there goods these are uncertain times and in uncertain times there are maximum oppurtunities hope to take the right trades
TVC:UKOIL
by Tradegainer
WTI oil - Deteriorating demand to weight on the higher oil priceSince our short-term price target of 80 USD was taken out a few weeks ago, we abstained from setting short and medium-term price targets because of very high volatility in the oil market. Despite that, we stuck to the long-term price target of 70 USD, to which we remain committed. Our views are based mainly on fundamental factors concerning the deteriorating global demand for oil, with the OPEC slashing demand for 2023 and China maintaining its zero covid policy for longer. Technical analysis - daily time frame RSI and Stochastic are bearish. MACD is neutral. DM+ and DM- strive to perform a bearish crossover. Overall, the daily time frame is neutral/slightly bearish. Illustration 1.01 Illustration 1.01 shows the daily chart of USOIL and two simple moving averages. Yellow arrows hint at bullish breakouts (above SMAs) and subsequent invalidation. Technical analysis - weekly time frame RSI and MACD are bearish. Stochastic is bullish. DM+ and DM- are bearish. Overall, the weekly time frame is bearish. Illustration 1.02 The picture shows the weekly chart of USOIL and two moving averages. The yellow arrow points to the impending bearish crossover between two SMAs; if successful, it will bolster the bearish case. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
22
CRUDE OIL (WTI) 2 Important Breakouts 🛢 Last week was very bullish for WTI. The price even managed to break and close above a solid horizontal supply zone and a major falling trend line on a daily. The underlined blue area on the chart is a confluence zone based on broken horizontal and vertical structures. From that, a bullish move will be expected to 97.0. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILLong
by VasilyTrader
8