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Crude Oil WTI

USOIL Will Go Down From Resistance! Short! Here is our detailed technical review for USOIL. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 81.01. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 79.89 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TVC:USOILShort
by SignalProvider
1
WTI Oil Price Analysis: Market Dynamics and Global ChallengesCurrent Situation: The price of West Texas Intermediate (WTI) has experienced a slight decline due to the strengthening of the US dollar (USD), supported by rising yields. Currently, the price of WTI is around $81.20 per barrel during European hours on Thursday, after gaining ground in the Asian session due to a larger-than-expected drop in US crude oil inventories. Supply and Demand: The reduction in US crude oil inventories has been significant. The Energy Information Administration (EIA) reported a decrease of 4.87 million barrels for the week ending July 12, a figure much higher than the expected drop of 0.80 million barrels and the previous decrease of 3.443 million barrels. This decline in inventories may suggest robust domestic demand, which can have a positive effect on oil prices. Impact of Monetary Policies: Expectations that the Federal Reserve (Fed) will reduce interest rates in September could improve economic conditions in the United States. With lower borrowing costs, economic activity could increase, which in turn could support oil demand. Statements by Fed Governor Christopher Waller and Richmond Fed President Thomas Barkin indicate a possible rate cut, which could further incentivize oil demand. Market Pressures: Despite some positive signs, the overall decline in commodity demand expectations continues to threaten the energy complex. According to Daniel Ghali, senior commodity strategist at TDS, the absence of an increase in supply risk premia could continue to exert downward pressure on prices. However, Commodity Trading Advisors (CTAs) still have substantial resources to deploy in the market, which could limit price declines in the short term, barring a significant downturn. Global Challenges: Another challenge for WTI oil prices is the economic slowdown in China in the second quarter, which reduces demand from the world's largest oil-importing country. Increasing trade tensions, with new tariffs on Chinese electric vehicles imposed by the United States and the European Union, contribute to an uncertain global economic outlook, negatively impacting oil demand.
TVC:USOILShort
by Forex48_TradingAcademy
1
USOIL Will Move Higher! Long! Here is our detailed technical review for USOIL. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 81.336. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 82.947 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
EIGHTCAP:USOUSDLong
by SignalProvider
1
WTI OIL Still bearish but watch this level for a reversal.WTI Oil (USOIL) is posting today the 2nd straight green 1D candle following yesterday's EIA report but the short-term pattern remains a (dashed) Channel Down, which keeps the trend bearish. Ever since the July 05 rejection at the top (Lower Highs trend-line) of the 1-year Triangle pattern, we've been aiming for a 1W MA200 (red trend-line) contact, similar to the February 05 2024 Low. As long as the 1D RSI remains below its MA trend-line, we will remain bearish, moving however our medium-term Target a bit higher to 78.50. If however the RSI breaks above its MA, we will close the short immediately and buy instead on the bullish break-out, targeting 87.60 (Resistance 2). Keep also an eye on the RSI's Symmetrical Support level (43.35) for a potential reversal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
2
Exploring Bearish Plays w/ Futures, Micros & Options on FutureIntroduction The WTI Crude Oil futures market provides various avenues for traders to profit from bullish and bearish market conditions. This article delves into several bearish strategies using standard WTI Crude Oil futures, Micro WTI Crude Oil futures contracts, and options on these futures. Whether you are looking to trade outright futures contracts, construct complex spreads, or utilize options strategies, this publication aims to assist you in formulating effective bearish plays while managing risk efficiently. Choosing the Right Contract Size When considering a bearish play on WTI Crude Oil futures, the first decision involves selecting the appropriate contract size. The standard WTI Crude Oil futures and Micro WTI Crude Oil futures contracts offer different levels of exposure and risk. WTI Crude Oil Futures: Standardized contracts linked to WTI Crude Oil with a point value = $1,000 per point. Suitable for traders seeking significant exposure to market movements. Greater potential for profits but also higher risk due to larger contract size. TradingView ticker symbol is CL1! Margin Requirements: As of the current date, the margin requirement for WTI Crude Oil futures is approximately $6,000 per contract. Margin requirements are subject to change and may vary based on the broker and market conditions. Micro WTI Crude Oil Futures: Contracts representing one-tenth the value of the standard WTI Crude Oil futures. Each point move in the Micro WTI Crude Oil futures equals $100. Ideal for traders who prefer lower exposure and risk. Allows for more precise risk management and position sizing. TradingView ticker symbol is MCL1! Margin Requirements: As of the current date, the margin requirement for Micro WTI Crude Oil futures is approximately $600 per contract. Margin requirements are subject to change and may vary based on the broker and market conditions. Choosing between standard WTI Crude Oil and Micro WTI Crude Oil futures depends on your risk tolerance, account size, and trading strategy. Smaller contracts like the Micro WTI Crude Oil futures offer flexibility, particularly for newer traders or those with smaller accounts. Bearish Futures Strategies Outright Futures Contracts: Selling WTI Crude Oil futures outright is a straightforward way to express a bearish view on the market. This strategy involves selling a futures contract in anticipation of a decline in oil prices. Benefits: Direct exposure to market movements. Simple execution and understanding. Ability to leverage positions due to margin requirements. Risks: Potential for significant losses if the market moves against your position. Mark-to-market losses can trigger margin calls. Example Trade: Sell one WTI Crude Oil futures contract at 81.00. Target price: 76.00. Stop-loss price: 82.50. This trade aims to profit from a 5.00-point decline in oil prices, with a risk of a 1.50-point rise. Futures Spreads: 1. Calendar Spreads: A calendar spread, also known as a time spread, involves selling (or buying) a longer-term futures contract and buying (or selling) a shorter-term futures contract with the same underlying asset. This strategy profits from the difference in price movements between the two contracts. Benefits: Reduced risk compared to outright futures positions. Potential to profit from changes in the futures curve. Risks: Limited profit potential compared to outright positions. Changes in contango or backwardation could hurt the position. Example Trade: Sell an October WTI Crude Oil futures contract. Buy a September WTI Crude Oil futures contract. Target spread: Decrease in the difference between the two contract prices. In this example, the trader expects the October contract to lose more value relative to the September contract over time. The profit is made if the spread between the December and September contracts widens. 2. Butterfly Spreads: A butterfly spread involves a combination of long and short futures positions at different expiration dates. This strategy profits from minimal price movement around a central expiration date. It is constructed by selling (or buying) a futures contract, buying (or selling) two futures contracts at a nearer expiration date, and selling (or buying) another futures contract at an even nearer expiration date. Benefits: Reduced risk compared to outright futures positions. Profits from stable prices around the middle expiration date. Risks: Limited profit potential compared to other spread strategies or outright positions. Changes in contango or backwardation could hurt the position. Example Trade: Sell one November WTI Crude Oil futures contract. Buy two October WTI Crude Oil futures contracts. Sell one September WTI Crude Oil futures contract. In this example, the trader expects WTI Crude Oil prices to remain relatively stable. Bearish Options Strategies 1. Long Puts: Buying put options on WTI Crude Oil futures is a classic bearish strategy. It allows traders to benefit from downward price movements while limiting potential losses to the premium paid for the options. Benefits: Limited risk to the premium paid. Potential for significant profit if the underlying futures contract price falls. Leverage, allowing control of a large position with a relatively small investment. Risks: Potential loss of the entire premium if the market does not move as expected. Time decay, where the value of the option decreases as the expiration date approaches. Example Trade: Buy one put option on WTI Crude Oil futures with a strike price of 81.00, expiring in 30 days. Target price: 76.00. Stop-loss: Premium paid (e.g., 2.75 points x $1,000 per contract). If the WTI Crude Oil futures price drops below 81.00, the put option gains value, and the trader can sell it for a profit. If the price stays above 78.25, the trader loses only the premium paid. 2. Synthetic Short: Creating a synthetic short involves buying a put option and selling a call option at the same strike price and expiration. This strategy mimics holding a short position in the underlying futures contract. Benefits: Similar profit potential to shorting the futures contract. Flexibility in managing risk and adjusting positions. Risks: Potential for unlimited losses if the market moves significantly against the position. Requires margin to sell the call option. Example Trade: Buy one put option on WTI Crude Oil futures at 81.00, expiring in 30 days. Sell one call option on WTI Crude Oil futures at 81.00, expiring in 30 days. Target price: 76.00. The profit and loss (PnL) profile of the synthetic short position would be the same as holding a short position in the underlying futures contract. If the price falls, the position gains value dollar-for-dollar with the underlying futures contract. If the price rises, the position loses value in the same manner. 3. Bearish Options Spreads: Options offer versatility and adaptability, allowing traders to design various bearish spread strategies. These strategies can be customized to specific market conditions, risk tolerances, and trading goals. Popular bearish options spreads include: Vertical Put Spreads Bear Put Spreads Put Debit Spreads Ratio Put Spreads Diagonal Put Spreads Calendar Put Spreads Bearish Butterfly Spreads Bearish Condor Spreads Etc. Example Trade: Bear Put Spread: Buying the 81.00 put and selling the 75.00 put with 30 days to expiration. Risk Profile Graph: This example shows a bear put spread aiming to profit from a decline in WTI Crude Oil prices while limiting potential losses. For detailed explanations and examples of these and other bearish options spread strategies, please refer to our published ideas under the "Options Blueprint Series." These resources provide in-depth analysis and step-by-step guidance. Trading Plan A well-defined trading plan is crucial for successfully executing any strategy. Here’s a step-by-step guide to formulating your plan: 1. Select the Strategy: Choose between outright futures contracts, calendar or butterfly spreads, or options strategies based on your market outlook and risk tolerance. 2. Determine Entry and Exit Points: Entry price: Define the price level at which you will enter the trade (e.g., breakout, UFO resistance, indicators convergence/divergence, etc.). Target price: Set a realistic target based on technical analysis or market projections. Stop-loss price: Establish a stop-loss level to manage risk and limit potential losses. 3. Position Sizing: Calculate the appropriate position size based on your account size and risk tolerance. Ensure that the position aligns with your overall portfolio strategy. 4. Risk Management: Implement risk management techniques such as using stop-loss orders, hedging, and diversifying positions to protect your capital. Risk management is vital in trading to protect your capital and ensure long-term success. Conclusion In this article, we've explored various bearish strategies using WTI Crude Oil futures, Micro WTI Crude Oil futures, and options on futures. From outright futures contracts to sophisticated spreads and options strategies, traders have multiple tools to capitalize on bearish market conditions while managing their risk effectively. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
NYMEX:CL1!Education
by traddictiv
USOIL ( BREAKOUT CHANNEL ) ( 4H )USOIL HELLO TRADERS TENDENCY : the price stabilizing below turning level , indicates is under bearish pressure TURNING LEVEL : the price around 81.71 . PRICE MOVEMENT : the price in previously rising an reach a target , but dropping significantly because of the attack on trump . PRICE ACTION : SHORT CONDTION : after the price breaking a channel , price stable bearish zone , currently price 81.14 , price trying to retest before dropping a support level at 80.50 , then breaking this level reach 79.25 . LONG CONDITION : if the price breaking 81.71 by open 4h candle above this level reach a resistance level at 83.57 , then stabilizing above this level reach a 84.97 . TARGET LEVEL : RESISTANCE LEVEL :83.57 , 84.97 SUPPORT LEVEL 80.50 , 79.25
TVC:USOILShort
by ArinaKarayi
WTI Oil H4 | Falling to pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 80.42 which is a pullback support. Stop loss is at 79.50 which is a level that lies underneath a pullback support and a confluence of Fibonacci levels i.e. the 38.2% retracement and the 100.0% projection levels. Take profit is at 83.62 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILLong
by FXCM
USOIL Technical Analysis: Key Levels and Potential ScenariosTechnical Analysis: USOIL Current Outlook: The price is expected to touch 80.70 and then consolidate between 80.70 and 81.70 until a breakout occurs. Bullish Scenario: For a bullish trend to be established, the price should reverse and stabilize above 82.27, targeting 82.25 and 84.14. There is also a possibility of a bullish retest up to 81.70. Bearish Scenario: As long as the price trades below 81.70, it is likely to drop towards 79.50. To confirm the bearish trend, the price needs to break below 80.70, ideally closing a 1-hour candle under this level. Key Levels: - Pivot Line: 81.22 - Support Levels: 79.49, 77.94, 75.35 - Resistance Levels: 81.72, 82.24, 84.14 Today's Expected Range: The price is anticipated to move between the support at 79.49 and the resistance at 82.15. previous idea:
TVC:USOILShort
by SroshMayi
WTI Crude Oil facing downward pressure - 07/16/2024 (GMT)Fundamental Oil prices are falling as US consumer indicators worsen. Due to the slowdown in CPI, the possibility that the Fed will cut the interest rate in September has sharply increased. Still, concerns about an economic slump are becoming more prominent. The University of Michigan's July consumer sentiment index fell to its lowest in eight months, and China's economic slowdown is also a decisive factor in the decline in oil prices. Meanwhile, there is also a view that the strength of oil demand will be sustained until the end of the year. According to the EIA, gasoline demand last week was the highest since 2019 for the week that includes the Independence Day holiday, and the four-week average for jet fuel demand also rose to its highest since January 2020. Technical After reaching the 82.50 level, USOIL lost its uptrend and fell to the 80.20 level. The price fails to hold above the EMAs and sends an apparent bearish signal. If USOIL's downtrend continues and retreats to the 80.00 support, the price may fall further to the 78.00 level, the lowest point in a month. Conversely, if USOIL rallies to the 81.00 level, where EMA21 and the initial support intersect, the price could gain upward momentum toward the 84.00 resistance.
TVC:USOILShort
by inkicho_exness
USOIL Slides to Crucial Support Region on Demand JittersThe commodity staged a four-week relief rally recently and the longest profitable streak of the year, helped by OPEC+ supply curbs extension and summer travel demand. At the same time, soft US inflation and dovish Fed commentary have boosted market pricing for multiple cuts, which can provide another tailwind. Above the EMA200 bulls have the ability to set higher highs (84.54), but don’t inspire yet confidence for new 2024 highs (87.66). Despite the near-term favorable supply-demand dynamics, longer-term prospects are gloomy, as OPEC+ will start returning oil to the market and usage is likely to decelerate substantially this year. This week’s data from China (the world’s largest importer) aggravated demand concerns, as the economy grew by 4.7% y/y in Q2 and the slowest pace in more than a year. USOil faces pressure as a result and threatens a key support region, provided by the 200Days EMA (blue line), the 38.2% Fibonacci of the last leg up and the upper border of the daily Ichimoku Cloud. Although this cluster has the potential to contain the fall, a breach would shift bias to the downside. This would expose WTI to 76.13 and bring the June lows to the spotlight (72.40), although sustained weakness is not easy under current conditions. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video 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 interests 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 via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:USOIL
by FXCM
USOIL | The Sell Off is nearWTI crude oil prices have shown a downward trend in recent sessions, falling for three consecutive days. Currently, WTI stands around the $80.70 region, recording a daily loss of about 0.40%. Despite this decline, the price remains above the overnight swing low, suggesting a lack of conviction among sellers. Factors Influencing Prices Chinese Economy: Economic Growth Data: Official data released on Monday showed that China's economy grew by 4.7% in the second quarter of 2024, down from 5.3% in the first quarter. This has fueled concerns about a slowdown in the Chinese economy, the world's largest oil importer, and a consequent decrease in fuel demand. Impact on the Oil Market: Concerns about Chinese demand are a key factor exerting downward pressure on crude oil prices. Strength of the US Dollar (USD): Dollar Recovery: The US dollar has gained traction, recovering from a more than three-month low touched on Monday. A stronger dollar makes USD-denominated oil more expensive for buyers using other currencies, thereby reducing demand. Monetary Policy Outlook: The growing acceptance that the Federal Reserve might start a rate-cutting cycle as early as September could limit further dollar gains, partially mitigating the negative effect on oil prices. Supply Concerns: Middle East Conflicts: Concerns about potential supply disruptions due to ongoing conflicts in the Middle East continue to support oil prices. This factor could limit further losses in the short term. Forecasts and Expectations Price Range: WTI seems to remain confined within a familiar range maintained over the past two weeks, with prices oscillating around the $80.70-$81.30 region. Awaiting External Impulses: Market participants are now waiting for US retail sales data to find new drivers that could influence prices. Need for Confirmation: To position for a further extension of the recent pullback from levels near $84.00, it would be prudent to wait for more convincing selling signals.
TVC:USOILShort
by Forex48_TradingAcademy
1
WTI Crude Oil Bearish Heist Plan to make moneyMy Dear Robbers / Traders, This is our master plan to Heist WTI Crude Oil Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing High using 4h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
BLACKBULL:WTIShort
by Thief_Trader