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US-OIL

Potential bullish reversal?USO/USD is reacting on the support level which is a pullback support that aligns with the 127.2% Fibonacci extension and could rise from this level to our take profit. Entry: 67.63 Why we like it: There is a pullback support level that aligns with the 127.2% Fibonacci extension. Stop loss: 65.52 Why we like it: There is a pullback support level . Take profit: 70.16 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
2
Bearish drop off pullback resistance?USO/USD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 72.19 Why we like it: There is a pullback resistance level. Stop loss: 74.66 Why we like it: There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement. Take profit: 69.80 Why we like it: There is a pullback support level that lines up with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDShort
by VantageMarkets
US CRUDE OIL 4H : Support further rise up US CRUDE OIL New forecast The price perfectly fulfills my last idea and price reached to our targets +120 pip . Oil price trading settled above the level of 73.72, heading towards resuming the ascending wave within the ascending channel shown in the chart, where it touched the first positive target at 75.06, and we expect the ascending wave to extend towards 76.23 as the next stop. Therefore, we expect to witness further rise in the coming sessions with support from the 50 moving average that carries the price from below, keeping in mind that the continuation of the bullish wave requires stability above 72.90 levels. The expected trading range for today is between support 72.90 and resistance 78.00 until stabilized . support line : 73.72 , 72.90 resistance line : 75.06 , 76.23 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOILLong
by Arazmajeed
14
6/8/23 US-Oil US oil here giving us a clear bullish range to the upside after sweeping out the Asia load and London low from Friday we're taking this as a signal price once you travel higher so we're going to look to buy from the low of the range. Now overall this range has everything we've looked for within a setup but of course we will use the same systems we always use and look for a clean entry, overall we are bullish on oil so we're going to look to buy from the low. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
TVC:USOIL
by rosshayes
USOIL on a hot level 🦐 USOIL on the 4h chart after our previous analysis reached the 80 level and dropped to the 0.618 Fibonacci area exactly over a previous support that has been tested a few times before. The market anyway did not create a new recent lower high and also for this reason we can keep to search for a long opportunity in the short term. How can i approach this scenario? I will wait for a potential break of the 0.5 Fibonacci level and in case the Planxcton's strategy will be satisfied i will set a noce long order.
TVC:USOIL
by InkyGrip
10
USOIL Potential Forecast | 1st March 2023Fundamental Backdrop 1. Optimistic reports of manufacturing expansion in China, which is recognized as the largest crude oil importer globally causing a better outlook for the demand. 2. Data showing China's factory activity rose for the first time in seven months in February 3. Output is still down more than 700,000 bpd from September with a high demand still in place Technical Confluences 1. The overall bias for USOIL on the H4 chart is bullish. 2. To add confluence to our bias, price is above the Ichimoku cloud and looks to be breaking the descending trend-line. 2. Expecting price to possibly head towards the resistance at the 79.00 level. Idea I will be looking for price to break above the resistance at 77.8 and the descending trend line before continuing bullish towards the resistance at the 79.00 level. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:USOILLong
by OlympusLab
2
US-Oil/WTI 19th FEB What's up guys! Another breakdown here, this time for US oil market. As you can see from this breakdown, we have a clear area of demand that price is rejecting away from. Based on this and where we stand in overall structure, I am expecting bullish movements to take us into the area of supply highlighted above. From that point, I am going to watch to see if the price is either going to hold there or breakthrough to continue higher. Overall, I will be looking for longs into the supply in shorts away from the supply, but of course, we do not know fully if this area of demand below will hold. So I'll be looking for a short-term entry to go long. If we break the supply above and continue higher, I'll be targeting the triple top highlighted in green. Worst case, we don't break through the area of supply and we continue going short, in that case, I'll start aiming for the low which is highlighted in red. Another pretty simple breakdown. Overall, I'm looking forward to trading this pair this week as it shows lots of potential. Remember guys, if you like this idea, hit that boost button. Drop us a comment down below. Let us know what you think. As always guys trade safe, stick to your trading plan. I hope you all have an amazing trading week.
OANDA:WTICOUSD
by rosshayes
usoil long 4h When trading crude oil using technical analysis, it is important to consider the following key factors: Chart patterns: Understanding common chart patterns, such as head and shoulders, triangles, and trend lines, can help traders identify potential buying or selling opportunities in the market. Technical indicators: Technical indicators, such as moving averages, Bollinger Bands, and the Relative Strength Index (RSI), can provide valuable information about market trends and help traders determine the strength of a trend. Supply and demand: Traders should also consider supply and demand dynamics, such as changes in production levels, global economic conditions, and geopolitical events, which can greatly impact the price of crude oil. Volatility: The crude oil market is known for its high volatility, and traders should be prepared for significant price movements. It is important to have a risk management strategy in place to limit potential losses. Diversification: As with any investment, it is important to diversify one's portfolio to minimize risk. Crude oil should be just one component of a well-diversified investment portfolio. Keep updated: Staying informed about market news and developments, such as changes in production levels, geopolitical events, and economic indicators, can help traders make informed investment decisions. Patience and discipline: Successful trading in the crude oil market requires patience and discipline. Traders should not make hasty decisions based on emotions, and instead follow a well-thought-out trading plan. In conclusion, technical analysis can provide valuable insights into the crude oil market, but it should be used in conjunction with other forms of analysis and a well-diversified investment portfolio. As with any investment, there are risks involved and traders should always approach the market with caution.
NYMEX:CL1!Long
by teststrategytrading
USOIL Potential for Bearish Drop towards supportLooking at the H4 chart, my overall bias for USOIL is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 80.22, where the 38.2% Fibonacci line is. Stop loss will be at 82.44, where the recent high is. Take profit will be at 77.90, where the 50% Fibonacci line and support is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
TVC:USOILShort
by VantageMarkets
USOIL Potential for Bearish Drop | 30th January 2023Looking at the H4 chart, my overall bias for USOIL is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 80.22, where the 38.2% Fibonacci line is. Stop loss will be at 82.44, where the recent high is. Take profit will be at 77.90, where the 50% Fibonacci line and support is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:USOILShort
by Rockqet
1
USOIL Potential for Bullish Continuation| 19th January 2023Looking at the H4 chart, my overall bias for USOIL is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a retracement pullback buy entry at 76.84, where the 50% Fibonacci line is. Stop loss will be at 72.42, where the recent swing low is. Take profit will be at 84.70, where the 61.8% Fibonacci line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
TVC:USOILLong
by Rockqet
4
USOIL Potential for Bullish Continuation Looking at the H4 chart, my overall bias for USOIL is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 77.90, where the 23.6% Fibonacci line is. Stop loss will be at 72.42, where the recent swing low is. Take profit will be at 84.70, where the 61.8% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
TVC:USOILLong
by VantageMarkets
CRUDE OIL TRADE ENTRYIn the crude oil we have strong level of resistance where price close on friday and sort of rejecting from 84.87 level and we also have 200 ema at 87.91 so this zone is very strong and oil need high volume to break this area and after this we have a strong trend line resistance to upside and price rejecting multiple time from this level also so i am looking selling entry from the current price if oil break its support to downside than we expect price come to yellow zone to fill the gap area and if price break to upside than we looking short from the selling close from the trend line for the target of yellow zone becoz crude oil have a very big gap and price need to fill this gap must/
BLACKBULL:WTIShort
by naumanfx_