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Usoilanalysis

USOil - Testing New HH - 79.22 USOIL is at a strong support level and this is ready for a good Bullish move. After a big jump with the news earlier today - looking for more moves in the NY session. Definitely be patient and wait for that right entry. Entry I will possibly be taking is around, 78.66 - Looking for the candle to close above that area. Also we are in consolidation right now, and we also have could go further down as well if it closes low at 77.67 but candles will have to close below and wait for that full confirmation of it pushing down. That is why we are being patient and allowing the market to do what it needs to do for the right setup. TVC:USOIL
TVC:USOILLong
by HandsomeGuyde
Crude oil short selling is bound to win The current MACD dead cross shrinkage is gradually consolidating, and the smart indicator STO's hook is repairing upward, which means that the daily line is a shock-biased rebound trend. However, the current candle chart is suppressed by the moving average MA10 and the parabolic turning point, which suppresses the 78.7 line. At the same time, the candle chart also deviates from the moving average MA5 near the 77 line; therefore, there is a certain degree of retracement during the day. In 4 hours, the current macd golden cross is running with heavy volume, and the smart indicator sto has repaired upward and entered the overbought area. Therefore, in 4 hours, the current shock is strong, and in the short term, focus on the moving average MA60 suppressing the 79.3 line. Go short around 78.6-80, stop loss 79.4, target 77.7-4 Go long at 77.4, cover long at 76.9-77, stop loss at 76.3, target 78.5-79.2-80.2
TVC:USOILShort
by Short-term-trading-king
US Crude Oil 4H : Downtrend US OIL New forecast The price of oil rose during previous trading to approach the 78.00 level, reinforcing expectations of a continuation of the downward trend, and the way is open to achieving our negative targets that start at 75.70 and extend to 73.80. Therefore the downtrend scenario will be remain valid and effective ,moving average 50 support the proposed downward trend scenario, which is organized within the downward channel that appears in the chart, remembering that stability below the 78.64 level is important to achieve the proposed goals. so stabilized above 78.64 will postponed the bearish attempts. The expected trading range for today is between support 75.70 and resistance 78.64 until breaching one of them . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . support line : 75.70 , 73.80 resistance line : 77.21 , 78.00 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOILShort
by Arazmajeed
4
Usoil:Have reached the bottom? As can be seen from the chart, oil has stopped falling, but it is not ruled out that it may go lower again. Today, it did not break through Friday's high of 77.7. Today, it is necessary to observe whether the oil will fall twice. If the decline does not fall below the support range of 75-76, it can be judged that the oil may have reached the short-term bottom. If oil breaks through 78, it can be judged that the chance of reaching the bottom is very high, and there is still room for growth this week. Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOILLong
by UnknownUnicorn64583787
1
USOIL Analysis. i am bullish!Hello Everyone. i want share my idea about USOIL price action. After strong up movement we saw some strong downside movement after touch to weekly resistance, this movement was so strong and it stopped to monthly support where price got good rejection and i think we saw some good reaction from that Level. WE NEED TO BE CAREFULL! The Weekly candle close below of daily resistance, if i will open my position i need movement which strong brake daily resistance with it i will get agree from buyers, then i will try to find good low for open my swing position which i will share in this idea update. If we look it at daily chart price has good trend change signal but in my opinion it need to brake daily resistance and then i will open my position which i think we will see in next week. BE PATIENT!!!
TVC:USOILLong
by elmakacho
OPEC Adds 2.5 Million Oil Barrels Per Day OPEC has recently made a significant announcement that they will be adding a staggering 2.5 million oil barrels per day to the global supply. This news couldn't be more opportune for those seeking to capitalize on potential gains. Now, more than ever, we have the chance to position ourselves and make a lasting impact on our trading portfolios. With OPEC's optimistic move, I strongly urge you to consider the idea of going long on oil. By embracing this initiative, we set ourselves up for success and open doors to a plethora of exciting trading prospects. Why should you consider long oil, you ask? Well, the answer lies in OPEC's strategic decision. Their decision to increase output reflects an underlying confidence in the steady surge of global oil demand. As economies rebound and international travel resumes, the upward trajectory of oil prices is not far behind. It's time to hop on board this thrilling wave and ride it towards potential profits! I encourage you to conduct thorough research into the current market trends and gather all the necessary information for making informed long oil trading decisions. Remember, knowledge is power, and armed with the right insights, we can navigate the markets with confidence and conviction. Now is the time for action! Discover the incredible potential OPEC's decision holds and let's embark on this journey together. Get ready to embrace the remarkable trading opportunities that lay ahead as we navigate the exciting realm of long oil.
TVC:USOILLong
by bryandowningqln
Crude oil prices have reached bottom Issues of demand and supply remain key considerations for crude oil. There are currently some signs of support for crude oil. Oil prices fell below 75 this week and have been repeatedly testing upwards around 75. If the current price falls further, market participants will worry about an economic recession. In the short term, crude oil returns to the 80 area and continues to test back and forth. All in all, the crude oil market's recent performance has been characterized by volatility, but signs of support have emerged. While questions surrounding demand, supply and geopolitical impacts remain, the potential for a short-term rebound is clear. It is unlikely that crude oil will fall sharply again, and the overall outlook is bullish.
VANTAGE:CL-OILLong
by Anthony-Ryan
USOIL: Crude oil continues to fall Crude oil continued to fall yesterday, from Friday to the present 4 even negative, down nearly 1000 points, yesterday's rebound space is slightly smaller, yesterday's rebound near 77.5 pressure, the European and American trading fell to a new low to 74.9, the daily line is in the bearish down, the day's rebound is the opportunity to empty, bearish not chase empty, rebound card point is the key, at present 4 hours, 77.5 is a strong pressure, short-term hourly chart, the resistance level of the medium rail is currently in the position of 76.1, the day to these two positions to rebound mainly to layout The specific layout is as follows: 1. See 76.1 empty once for the first time, loss 0.6, the target look at 75 break below 2. See 77.3/77.5 empty at any time within the day, with a loss of 78.1, and the target at 76.1-75 break If you are confused about trading, please join me, I believe you will have a great harvest!
TVC:USOILShort
by HectorBrown1
Usoil:Waiting for direction As can be seen from the chart, oil has now shown signs of stopping falling If oil does not fall below 74.9 today and rises again, then it can be judged that the probability of rising next week increases. This is the short-term bottom. If it falls below 74.9, oil may continue to fall and return to the downward trend. Observe the support strength of 73.7, 73, and 72 below. So you can choose to buy above 74.9 and observe whether you can break through the key point of 77.3. Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOIL
by UnknownUnicorn64583787
Gold and crude oil operation sharing on Wednesday Gold fell from 1977 to around 1956 in the entire Asian market and European market on Tuesday, while the US market went through a correction. As of the early morning closing, gold fluctuated below 1970. On Wednesday, the Asian market continued to fluctuate around 1970. Judging from the current form, The probability of shock is very high today. In terms of operation, we should pay attention to the morning opening level of 1969 and Tuesday's opening level of 1978 to be bearish. In terms of crude oil, it also fell sharply yesterday, from 81.00 to around 77.00, a drop of nearly 40 points throughout the day. Judging from the current situation, there is a high probability of a correction today. Pay attention to the range of 77.80 and 78.30 during the day and you can short-sell in batches. .
OANDA:XAUUSDShort
by Short-term-trading-king
US Crude Oil 4H : Under sell pressure USOIL New forecast The price of oil continued to decline and traded in the descending channel to test the pivotal support at 82.00, and we notice that the price is consolidating below this level, which supports the chances of a rebound down again, heading towards testing the 78.64 level initially. By breaking the level of 80.56, the task will be easier for the price to head towards our main target. Therefore, the downward trend scenario will remain effective, as long as price trade under 83.24 ,taking into account that breaking 83.24 will stop the expected rise and put pressure on the price to make an additional correction. The expected trading range for today is between support 78.34 and resistance 83.24 until breaching one of them . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . support line : 80.56 , 78.64 resistance line : 82.00 ,83.24 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOILShort
by Arazmajeed
18
The key to crude oil is here! In terms of crude oil, Saudi Aramco said that the current production capacity increase is progressing smoothly. At the same time, crude oil production in Iran and other crude oil-producing countries has also rebounded to varying degrees. At the same time, there are reports that future crude oil demand is expected to decline. Both ends of supply and demand have put sufficient pressure on crude oil, coupled with the hawkish Federal Reserve. From the currency point of view, crude oil has continued to weaken recently. It broke out in the last trading day. It once fell below the 80 mark, accelerated below the previous low support near 79, and fell back to around 76.5 with inertia. It stopped falling slightly and reversed. In the short term, there is a high probability of weakness. It will continue. At the top, focus on the pressure level near 79, which is gradually moving downwards. The rebound will continue to go short. At the bottom, focus on the strong support of 74.4/73.8. Crude oil counter-draws 78.4/5 to go short, defends 79.2, and targets below 77. It retreats to long positions near 74.7/8, defends 74, and targets above 76.
TVC:USOILShort
by Short-term-trading-king
Crude oil latest trading strategy Crude oil continues to sweep, and it is also a time cycle. The direction determined by the US market has the best continuity. It accelerates when it starts, and the range is around 25-30 US dollars. The current price has formed a range similar to an open trumpet, with upper rail resistance 83.7-83.9 and lower rail support 79.0-78.8 So, for today's crude oil, we need to continue to pay attention to the opening range form and conduct sweeps. If the bottom touches the support 79.0-78.8 area, you can participate in a long order. Watch the price form a support to rise again and move around the range sweeps. Referring to this idea, when the European market price is under pressure and falls below the low Crude oil is long in the 79.1-78.9 area, with a stop loss of 78.4 and a target of 80.4-80.8
TVC:USOILLong
by Short-term-trading-king
1
US Crude OIL 4H :Got a positive momentumUS Crude Oil New forecast The price perfectly fulfills my last idea and price reached to our first target +70 pip. The price of oil rose and the channel resistance remained above it, showing more upward bias and heading towards achieving more expected gains during the coming sessions, waiting to test the 83.24 level initially. Therefore, the bullish bias will be likely for today, noting that breaching level 83.24 will extend the bullish wave to reach areas of 84.86 and 85.71 as the next main stations, keeping in mind that failure to consolidate above 82.00 will put the price under negative pressure again. The expected trading range for today is between support 82.00 and resistance 84.86until breaching one of them . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . Additionally ,Today News will affect the market . support line : 82.00 , 80.56 resistance line : 83.24 , 84.86 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
1
US Crude Oil 4H : Under sell pressure USOIL New forecast The price of oil fell below the level of 82.00, which constitutes important support, to support the chances of exceeding the mentioned level and opening the way for an additional bearish correction whose next target reaches 80.56, and by breaking it, it will reach 78.64. Therefore, the downward trend scenario will be remain valid we expect to witness further declines during the coming sessions supported by moving average 50 that is continues to support the price to decline ,taking into account that breaching 83.24 will stop the proposed downward trend and lead the price to attempt to restore the main upward trend again. so stabilized under 82.00 our targets will be activate . The expected trading range for today is between support 80.56 and resistance 83.24 until breaching one of them . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . Additionally ,Today News will affect the market . support line : 82.00 , 80.56 resistance line : 83.24 , 84.72 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOILShort
by Arazmajeed
4
Usoil:Still weak The oil is still oscillating repeatedly, but the resistance point above is gradually declining, so it is judged that the oil is still relatively weak today. At present, the oil is near 81.3, and the lowest point is near 80.3. Observe the support of 80.3. You can try to buy in a small position. If the oil falls below 80, you can make a stop loss. The upper resistance is 83.2, so you can also choose to sell above 83, control your position, and your success rate will increase. Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOILShort
by UnknownUnicorn64583787
1
USOil WTI Technical Analysis And Trade IdeaIn this video, we conduct a comprehensive analysis of USOil WTI, with a specific emphasis on the prevailing bearish sentiment evident on the weekly (1W) chart. Throughout this presentation, we delve into fundamental principles of technical analysis, encompassing critical elements such as the current market trend, price dynamics, market structure, and other indispensable components of technical analysis. As we proceed within the video, we meticulously scrutinize a prospective trading opportunity. It is imperative to emphasize that the insights shared in this content are exclusively for educational purposes and should not be interpreted as financial guidance. Engaging in the foreign exchange market trading entails a substantial degree of risk. Hence, it is essential to prudently integrate robust risk management strategies into your trading plan.
TVC:USOIL
by fxtraderanthony
Usoil:Not strong willingness to rise Yesterday's decline in oil broke through the low of 82, and the lowest fell to near 81.8, but it did not fall below the important early support point of 81.2. The current price of oil is around 82.95, you now need to observe whether the oil will be supported again, or observe the important boundary point of yesterday's decline 84 So we need to wait for the right opportunity to enter the market to improve our success rate Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOIL
by UnknownUnicorn64583787
USOIL TRADE IDEA Long (31/10/2023)On the weekly timeframe, USOIL has already reversed into a buy, breaking significant structures. I believe it'll keep seeking out buys. The daily time frame confirms that too - with current weakness showing in order to gather liquidity to complete the long move. In terms of where it'll react from - that depends on the structure it breaks. If it breaks (Likely and best situation) POI 1, then expect it to return to POI 2 and to react off of there. I expect price to return to POI 2 because using the Fib tool, you shouldn't be looking for trades at 50%, rather around 60-75% or the inverse 0-25/35%. Target profit 1: 93.75 Target profit 2: 101 NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
TVC:USOILLong
by saintprincevvs