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Usoilanalysis

Could the price drop from here?USO/USD is reacting off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 79.13 Why we like it: There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 80.50 Why we like it: There is a pullback resistance level. Take profit: 77.49 Why we like it: There is a pullback support level that is slightly below 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
USOIL WILL GO DOWN FROM RESISTANCE!? (READ CAPTION)I Expected In TVC:USOIL Touch Now The Resistance Zone (79.00/80.00) What Do You Think? Can USOIL Start Now Bearish Movement Or Not!? Here Is Good Resistance Area, USOIL Seems To Be Downward After Making Double Top Pattern In 30M At The Resistance Level Note: If USOIL Break The Given Resistance (79.00/80.00) Any D1 Candle Close Above This Resistance We Can Expect More Pump Note: There Is A Possibility That USOIL Will Drop Sharply. Please Respect Each Other's Ideas And Express Them Politely If You Agree Or Disagree. USOIL Analyze (USOIL), 4-hour Time Frame Trade Setup: Entry: (78.50/79.50) Target1 75.00 Target2 73.00 StopLoss: If D1 Candle Close Above The Resistance Then Close Your All Sell Trades Be Sure To Follow The Updated Ideas. Do Not Forget To Put Stop Loss For Your Positions (For Every Position You Want To Open). Please Follow Your Strategy And Updates; This Is Just My Idea, And I Will Gladly See Your Ideas In This Post. Please Do Not Forget The Like Button & Share It With Your Friends; Thanks, And Trade Safe.
TVC:USOILShort
by TheForexAdventures
10
Long waited Bulls finally arrive to the Oil MarketsWith inflationary Pressures as high as ever and the expansion of conflicts worldwide but mainly In or around Oil-producing Countries , added to that the growing fears of a US-Chinese Conflict in and about the Island State of Taiwan. all these prospects and Events are driving factors for a surge in oil prices, Yet as devoted technical analysts we believe that world events are just the reasoning behind whatever the charts want to go. So a bullish analysis was the one that the oil had, the Buying zones of the low 60s worked as resting recliner chair for the oil for the good of a year but nothing stays the same for long, as buyers and sellers were Eying the magnificent Gold moves the oil started what can be a stratospheric launch leading to a whole different economic balance for the next Decade. Important zones are 87 and 95 with targets as high as mid 120s TVC:USOIL
TVC:USOILLong
by sajadalturfy96
Oil Market Heats Up: Prices Rise for Third Consecutive Week◉ Key Factors Driving Oil Prices: 1. Increased Winter Fuel Demand: As temperatures drop in the Northern Hemisphere, demand for heating fuels like diesel and gasoline is rising, supporting oil prices. 2. Supply Constraints: OPEC+ has been maintaining production cuts, limiting global oil supply and contributing to higher prices. ◉ Market Updates: ● Over the past three weeks, Brent crude BLACKBULL:BRENT has surged over 6%, and WTI OANDA:WTICOUSD has jumped more than 7%. ◉ Technical Observations: ● The oil price has broken through its long-term trendline resistance, positioning itself for further gains. ◉ Future Outlook: ● JPMorgan predicts a 1.6 million barrels per day increase in global oil demand in Q1 2025, driven by heating oil and LPG demands. ● Geopolitical factors, including new U.S. sanctions on Russia, may impact supply dynamics.
OANDA:WTICOUSDLong
by NaranjCapital
USOIL:Latest trading opportunities. USOIL: The current position is around 71.2. According to the quotation of tradingbiew. From a macro analysis, as a strategic reserve, the rise of oil is inevitable. From the perspective of long-term trading, buying is feasible. Short-term observation. "Whether OPEC+ will cut production" is an important factor in the upward trend of oil prices. From the perspective of short-term trends, buying is still feasible. In the short term, we need to pay attention to the price around 73.5. Because there is a major support below. If you can accept a price fluctuation of 20 points, then there is room for profit in buying. Stop loss and take profit are ±2 respectively. The current price is 71.2. Remember to take profit in time after making a profit. TVC:USOIL FX:USOIL
TVC:USOILLong
by Newbie-Trading-
Usoil trade WTI moves below 69.00, further downside seems possible due to stronger US Dollar West Texas Intermediate Oil price extends its losing streak for the fifth successive session, trading around $68.90 per barrel during the Asian hours on Friday. Crude Oil prices, denominated in dollars, are on track for a weekly decline due to a stronger US DollarCrude Oil, commonly known as petroleum, is a naturally occurring fossil fuel liquid composed of hydrocarbon underground deposits and organic materials. The prices of this popular commodity are measured in USD. Saudi Arabia, Russia, United States, Iran and China are the countries producing more oil. On the other hand, United States, China, Japan, Russia, and Germany are the countries consuming more oilCrude oil is classified into various grades according to density (heavy vs light) and sulphur content (sour vs sweet). The lighter and sweeter the crude, the higher the price it can be sold, because refiners can produce higher yield of high quality refined products from it. Density is measured by API gravity, a measure developed to compare the density of petroleum with water (API > 10 means the liquid floats on water) but is now widely used to compare among crude oils. API degree is inversely related to the density of crude oil. In general, crudes of API between 40-45 degrees can be sold at greatest commercial values
TVC:USOILShort
by KingForex078
1220 USOIL could not break top zone and turn down sideways againHello traders, This Thursday, Bitcoin's price experienced significant fluctuations, dropping from $102,000 to $97,000, a decline of $5,000 overnight. If we consider the high point from last weekend, the "tulip bloom," to the current "withered" state, it has fallen a total of $11,000 within a week. As a reminder, the second half of December is the period of tightest liquidity in the U.S. Everything is sellable! Therefore, when Federal Reserve Chairman Powell clearly stated, "We are not allowed to own Bitcoin," it can at least be confirmed that the rumors of the Fed holding Bitcoin have been dispelled, and the U.S. government's plans to accumulate Bitcoin are nearly impossible. This means that Bitcoin's price has finally returned to "normal," reflecting the trend of tightening liquidity. On Thursday, there are several important data points to pay attention to: 1. U.S. Dollar Index: 108.3 2. 10-Year Treasury Yield: 4.57% 3. 30-Year Treasury Yield: 4.74% These figures indicate that inflation expectations are rising. In particular, the 30-year Treasury yield is just about 10 basis points away from this year's high of 4.81%, and less than 40 basis points from the 2017 peak of 5.11%. Over the past two weeks, the 30-year Treasury yield has risen by 40 basis points. What is the current market consensus? The small red circle suggests shorting U.S. Treasuries and going long on the dollar. Today is Friday, a special day, as it marks the largest and most important options expiration date (OPEX) of 2024. Given the maximum OPEX, the impending government shutdown, and the tightening liquidity, the market may experience significant volatility!!!!!! Major attention is needed during this time, particularly during U.S. market hours (9:00 PM Beijing time to early Saturday morning). Wednesday's internal tips: On the 4-hour chart, crude oil has retraced below the EMA and the first resistance level, which diverges from the daily chart (where the candlestick is above the EMA) and the weekly chart (which has broken through the bottom resistance line), creating a selection issue for the market. **Idea One:** You can choose to enter new long positions after the 4-hour chart returns above the EMA. **Idea Two:** You can also consider a larger risk-reward ratio, entering the market opportunistically while the 4-hour chart is below the EMA, but the daily and weekly charts remain bullish. For existing long positions that have not hit the stop loss, it is recommended to hold on, based on the second idea mentioned above. TP1: 71.5 TP2: 72.0 TP3: 72.70 On Wednesday, during U.S. market hours, crude oil faced resistance at the first resistance level; On Thursday, during U.S. market hours, crude oil was blocked by the 4-hour EMA. At this point, the long crude oil trades hit their stop loss, and positions were closed, requiring a reevaluation of the trading strategy. Since Wednesday, under the pressure of the Fed's hawkish interest rate cuts, the demand outlook for crude oil has become increasingly bleak. Moreover, the market's further slowdown in easing expectations poses severe challenges for oil prices. Currently, the market generally believes that there will be a significant oversupply of global oil next year. In this market expectation, a rise in oil prices has become almost impossible. Market sentiment is low, and investors are generally cautious about the oil market. In the coming months, oil prices are likely to remain under pressure, making it difficult to regain their former glory. From a technical perspective, on the 4-hour chart, crude oil continues to struggle within a sideways range. On Friday, plan to establish new short positions. On the 1-hour chart, during European and American market hours, look for an opportunity to enter short positions on crude oil based on a 1-hour reversal signal. TP1: 67.50 TP2: 66.60 Mid-term short position take-profit level: 63.50. GOOD LUCK! LESS IS MORE!
FX:USOILShort
by FUNTRADER-Vera
WTI/USOIL Energy Market Heist Plan on Bullish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the WTI / USOIL Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a bull trade anywhere, however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest. Stop Loss 🛑: Using the 2H period, the recent / nearest low level. Goal 🎯: 73.500 Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
BLACKBULL:WTILong
by Thief_Trader
"USOILSPOT / WTI CRUDE OIL" Energies Market Bullish Heist PlanHello! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist "USOILSPOT / WTI CRUDE OIL" Energies Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback. Stop Loss 🛑 : Recent Swing Low using 1H timeframe Target 🎯 : 70.50 Attention for Scalpers : Focus to scalp only on Long side, 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 💰. Warning : Fundamental Analysis news 📰 🗞️ 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 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
THINKMARKETS:WTILong
by Thief_Trader
1012 USOIL is going to break the bottom, down target to 60?Hello traders, OPEC+ has announced a delay in its planned production increase, with the Organization of the Petroleum Exporting Countries and its allies postponing these plans until April of the following year. Additionally, the timeline for the eventual cancellation of the voluntary production cut of 2.2 million barrels per day has been extended from 12 months to 18 months. Following this announcement, crude oil futures experienced a slight decline on Thursday, reflecting a muted market reaction. According to a report by Gelber & Associates, despite the news, crude oil prices have remained within a stable range. The report highlights that in recent weeks, the potential for news to significantly influence crude oil prices has been notably high. As the year draws to a close, there is considerable uncertainty surrounding the Trump administration, which has contributed to a temporary reduction in oil price volatility. On the New York Mercantile Exchange, the settlement price for West Texas Intermediate crude fell by 0.4%, settling at $68.30 per barrel. Similarly, Brent crude futures on the Intercontinental Exchange in Europe decreased by 0.3%, reaching $72.09 per barrel. This environment reflects ongoing dynamics within the oil market, where geopolitical factors and economic policies continue to play critical roles in shaping price movements. But on the daily chart, usoil has very big problem to break through the downtrend red line and now is being rejected again from EMAs. Its very possible for usoil to break through the bottom support structure and make a new low. 61.74, FIBO ext 1.27 should be a target after usoil breaking though the bottom. Good luck! Less is more!
FX:USOILShort
by FUNTRADER-Vera
1
US OIL Trade Log WTI Crude Oil 1H Short Setup Trade Idea: - Bearish wedge forming with price stalling in the 1H FVG (premium zone). - Confluence: - Bearish Divergences: CVD and RSI confirm weakening momentum. - Macroeconomics: Fundamentals lean bearish; CPI results pose a potential risk. - Risk-Reward: Tight stop above the FVG. Targeting a 1:2.55 RRR down to liquidity grab zones below $68. Quick Take: This setup aligns technical weakness with fundamental caution. Stay nimble with CPI in play—adapt if the macro picture shifts. Target lower liquidity pockets if rejection confirms!
OANDA:WTICOUSDShort
by Fondera
4