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Usoilanalysis

Crude Oil: Planning Strategies Today Through the analysis of the hourly chart of crude oil, we know that the market rose first and then fell yesterday, forming a shock upward breakthrough trend yesterday. By comparing with the previous period, we already said last week that we expected to form a bullish trend. When the high level fell in the early period, all the moving averages began to turn around. The downward movement forms a turning point from bull to bear. From the formation of a wave of decline, all the moving averages have formed a bull trend. All the moving averages below are supports, and the MACD below has always been running above the zero axis. The market is very likely to make further upward breakthroughs. In terms of operation, we continue to think high and low and focus on going long on dips and shorts. The specific suggestions are as follows: Crude oil 90 and 91.50 are long respectively. Crude oil is short at 95.0 and 95.6 respectively.
TVC:UKOILLong
by Dylan-Jones
Crude oil - Elliott Wave CountCrude oil - Elliott Wave Count Certainly, here is the rewritten text: Based on market analysis, it appears that crude oil is currently undergoing a triangle correction of wave B, with a projected target range of $89.5. Once the wave B correction is complete, wave C is expected to decline all the way to the $75 range. In light of this, we recommend refraining from taking long positions in a bearish market. Instead, it would be prudent to wait for a reversal and take a short position. Please note that this information is for educational purposes only, and it is crucial to trade with caution. TVC:USOIL FX:USOILSPOT BLACKBULL:USOIL.F MCX:CRUDEOIL1! NYMEX:CL1! TVC:USOIL CAPITALCOM:OIL_CRUDE
FX:USOILSPOTShort
by Treda_pro
Crude oil target 90 Market analysis In the last post, we talked about the US crude oil market maintaining the price of crude oil to a certain extent, but the impact of the conflict in Pakistan on the crude oil market completely covers other market conflicts, and crude oil is bound to rise. Technical analysis After crude oil rose to 88.3, the short side gradually took over the main direction. From a larger level, it can be observed that the oil price just encountered resistance at the upper edge of the flag relay and fell back. Crude oil is bullish given the ongoing conflict.
VANTAGE:CL-OILLong
by Anthony-Ryan
US C rude Oil 4H : 86.34 supported to rise upUSOIL New forecast The price perfectly fulfills my last idea and we profit about + 130 pip . The price of oil was unable to return to the main ascending channel, as it found strong resistance near the 88.31 level, which forced the price to rebound and correct downwards to move towards resuming the bearish corrective trend again. From here, the upward bias will be likely for today, provided that consolidation above 86.34 is important for the continuation of the expected rise and reaching 87.72 and 88.31, as a breach and stability below 86.34 will lead the price to attempt losses again and head to visit the 84.81 level initially. The expected trading range for today is between support 86.34 and resistance 88.31 until breaching one of them . Additionally ,Today News will affect the market . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . support line : 86.34 , 84.81 resistance line : 87.72 , 88.31 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
4
US Crude Oil 4H: try to retest and then rise upUSOIL New forecast The price perfectly fulfills my last idea and price reached to our first target + 40 pip and still running . The price of oil continued to rise, approaching our suggested positive target at 87.72, . We expect the price to push the price to exceed the 88.31 level and achieve additional positive targets up to 89.52, in addition to returning the price to the ascending channel again. , heading towards resuming the main upward trend but to confirm the bullish trend should price stable above 88.31 and then our targets will be activate . From here, the upward trend will remain likely for the coming period, supported by a move above the moving average 50, keeping in mind that below 88.31 will make a price to formed a correction to 86.34 and then rise up and if success to stable under 86.34 levels will halt the expected rise and put pressure The expected trading range for today is between support 86.34 and resistance 88.31 until breaching one of them . Additionally ,Today News will affect the market . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . support line : 86.34 , 84.81 resistance line : 87.72 , 88.31 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
10.16-10.20 USOIL weekly outlookHello traders, I have all my targets hit last week. Please go back to check these ideas. What is happening in the Middle East has very huge influence on OIL. What is going to happen in the next few weeks will also influence the trend and the strength of trend on OIL. On this weekly chart, I would say it is very possible for USOIL to make a new leg up to very high position, like position 5 which is FIBO 2.27 of wave 1. With all support on EMAS and Israeli-Palestinian conflict, usoil would make a new recent high very easily. Please check on every session for your entry position to long this week. GOOD LUCK!!! LESS IS MORE!
TVC:USOILLong
by FUNTRADER-Vera
1
The Unexpected Rise: How Potential USA Sanctions Drive Oil PriceAs I'm sure you are aware, recent developments have led to a rise in oil prices by a staggering $2. The main contributing factors to this increase are the potential imposition of sanctions by the USA and a significant tightening in global supply. This optimistic trend presents a golden opportunity for those looking to make a successful long play in the oil market! Now, this is where your expertise comes into play, dear traders. With all the indicators pointing towards a promising future for oil, I encourage you to consider long positions in your investment strategy. By taking advantage of this upward momentum, you have the chance to capitalize on potentially lucrative gains. So, without further ado, I urge you to kick-start your trading journey, ride the wave of rising prices, and seize this golden opportunity before it passes you by.
TVC:USOIL
by bryandowningqln
USOIL:Downtrend Yesterday I bought near 85.2 and finally stopped at 84.8 because I thought there would be some room for a rebound from a rapid decline. Yesterday I judged that there will be a lot of room for decline if it falls below the important position of 84, but every time it falls, there will be certain repeated shocks, so after rising above 83, I chose to buy. Today, let me recover yesterday's loss. But now oil is already in a downward trend, so now you can choose to sell at a high level, then the chance of success will increase. If my thoughts are helpful to you, please like and subscribe
TVC:USOILShort
by UnknownUnicorn60055110
3
1012 USOIL expecting RSI DIV later to support buying planHello traders, USOIL did not make our buying plan a successful one yesterday. It turned down after making ABC (blue) sideways price action after being rejected from Resistance 1. The new ABC (red) is where we are waiting for a buying signal to buy today. Fundamentally, usoil should not on a bearish trend. So we are waiting for signal with RSI div AND price stands above EMAS again to open buying position again. BTW, right now it is not a good position to sell IMO. Good luck on this plan. LESS IS MORE!
TVC:USOILLong
by FUNTRADER-Vera
1
US Crude Oil 4H : Uptrend above 86.34USOIL New forecasts The price perfectly fulfills my last idea and price reached to our target + 100 pip . The price of oil rose strongly to breach the 84.81 level and stop the bearish corrective scenario, heading towards recovery and achieving expected gains during the coming period, as positive targets begin to test the 87.72 level. Therefore, the upward bias will be likely for today but to confirm that should stable above 86.34 and then will support the price, and we note that the price is forming a positive pattern that supports the chances of exceeding the mentioned target and achieving further rise in the immediate and short term and heading towards 87.72 and 89.52, taking into account that breaking 84.81 will stop the positive scenario and put pressure on the price to decline again. The expected trading range for today is between support 84.81 and resistance 87.72 until breaching one of them . Additionally ,Today News will affect the market . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . support line : 84.81 , 83.24 resistance line : 86.34 , 87.72 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOILLong
by Arazmajeed
2
USOIL Technical Analysis and Trade Idea (applies to WTI Brent)This video provides an in-depth analysis of USOIL (WTI Brent also applicable). On the weekly chart, we observe a bullish trend that has undergone a significant correction to key support levels. The weekly chart indicates that the overall bias is still bullish, but the daily chart shows a bearish market structure break. A bearish trend has not fully established yet, as the price action is forming a triangle pattern on the daily chart evidenced by lower highs and higher lows. A further downward movement that breaks the current support level would signal a possible bearish continuation scenario. This video is for educational purposes only and does not constitute financial advice.
TVC:USOIL
by fxtraderanthony
5
Profiting from Oil Price Drops Recent events have led to a significant drop in oil prices, primarily due to the phenomenon known as "demand destruction." I believe this presents an opportune moment for traders like yourself to consider shorting oil and potentially reap substantial gains. Considering the conservative nature of your trading approach, shorting oil could be a prudent strategy to capitalize on this situation. By short selling oil, you can aim to profit from the further decline in oil prices. This approach aligns with a conservative trading philosophy, as it allows you to take advantage of the current market conditions while minimizing potential risks. To maximize your potential gains, I recommend conducting thorough research and analysis before executing any trades. Keep a close eye on global economic indicators, such as GDP growth forecasts, industrial production figures, and travel restrictions. Additionally, monitor geopolitical developments, as they often have a direct impact on oil prices. By staying informed and vigilant, you can make well-informed decisions that align with your trading strategy. I understand that shorting oil may not be suitable for everyone, and each trader has their own risk tolerance and investment goals. However, I believe that the present circumstances present a compelling opportunity for those who are willing to take a calculated risk. In conclusion, the recent oil price drops resulting from demand destruction offer a promising chance to profit from shorting oil. As a conservative trader, this strategy allows you to capitalize on the current market conditions while adhering to your risk management principles. Remember to conduct thorough research, stay informed, and make well-informed decisions aligned with your trading strategy. Should you have any questions or require further assistance, please do not hesitate to comment below. Wishing you success in your trading endeavors
TVC:USOILShort
by bryandowningqln
US OIL / WTI Analysis 13Oct2023Over the last few weeks, the price of oil has experienced a noticeable decline. Upon closer inspection, this trend appears to be the result of a series of corrections from the previously bullish market. Currently, there is speculation surrounding the possibility of Wave (C) occurring, which is being analyzed through the addition of Fibo Expansion. It is predicted that the price will likely move towards the 76 area, which intersects with Fibo 0.786 and the SND area. This level of detail provides a more comprehensive understanding of the current market trends and the anticipated future movements of oil prices.
TVC:USOIL
by Hokusai_FX
US Crude OIL 4H :Oil price shows weak tradingUSOIL New forecast The price of oil has been fluctuating around the 86.50 level since yesterday, and is under continuous negative pressure to support the chances of continuing the expected downward trend for the coming period, whose next target is at 84.81. From here, we continue to favor the downward trend in the immediate term, and breaking the target level will extend the downward corrective wave to reach 83.24 and 82.00, while the expected decline will remain in place unless the 87.72 level is breached and holds above it. The expected trading range for today is between support 84.81 and resistance 86.56 until breaching one of them . Additionally ,Today News will affect the market . support line : 84.81 , 83.24 resistance line : 86.56 , 87.72 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
2
DXY I Still have the DXY in the expanded Flat with a top in at $107 which happens to be the fib retracement 50% level of the 5 down wave A. I expect the momentum indicators to begin to slowly roll over. RSI, Stochastic RSI , OBV , MACD should all confirm the last leg of the down trend wave C which I expect to finish around $94. At $94 the DXY should complete a very HTF wave 4 and then kick off what is shaping up to be one ugly recession. W5 targets for DXY run over $130 and I don't think much will survive this risk off trade set up. This is likely what many analysts are referring to as the "Blow off Top" to which I find myself reluctantly agreeing with since all my charts keep leading me down this rabbit hole. ;)
CAPITALCOM:DXY
by Big_Mike716
USOIL: Today's crude oil analysis and operation Crude oil yesterday's typical interval arrangement, the highest 86.7, the lowest 85, the daily line closed small Yin at 85.9, the four-hour chart of the large interval, the top 87 will be an important resistance point in this interval, the lower focus on the 84 break, the breakthrough will fill the gap; From the point of view of the 1-hour line, the lower focus on the 85 support situation, coupled with the current Palestinian-Israeli conflict, may have a certain impact on oil prices, and the day is mainly low and high The specific layout is as follows: (1) below see 85/85.3 long, loss 84.5, target 86.2-86.5 break on the look (2) Above, focus on the breakthrough of 87
TVC:USOILLong
by HectorBrown1
Trading advisory: Pause trading due to oil price target of 87.16I wanted to provide you with the latest update regarding the oil market and its recent volatility that demands immediate attention. After careful analysis, our experts have projected a significant revision in the oil price target, with the new estimated threshold being $87.16 per barrel. Given the sudden change in the market, I strongly urge you to exercise caution and consider adopting a temporary pause on oil trading activities until further notice. This move will allow for a more prudent approach in dealing with the uncertainties surrounding the current market conditions. Our decision to recommend this temporary halt is rooted in the desire to mitigate potential risks that may arise due to the oil price's downward trajectory. By taking a pause in oil trading, you can protect your investments and reassess your strategy in light of the evolving market dynamics. Remember, it is crucial to prioritize the long-term stability and profitability of your investments over short-term gains. In summary, I strongly advise you to pause your oil trading activities and analyze the market situation closely before making any new decisions. Your diligence and careful consideration at this critical juncture will go a long way in safeguarding your investments and optimizing your future trading success. Thank you for your prompt attention to this matter. We appreciate your understanding and willingness to adapt to the evolving market conditions. Together, we can weather this storm and emerge stronger.
TVC:USOIL
by bryandowningqln