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Usoilanalysis

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
Bullish case for WTI crude (USOUSD) Price above the cloud? Yes Tenkan-sen crossed above the Kijun-sen? Yes Chikou span above the cloud? Almost there Chikou span above price? Yes Future cloud bias? Bullish This is not a trade recommendation, it is just my analysis. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
VANTAGE:USOUSDLong
by Trading_Vista
Crude Oil Analysis and Trading Signals UpdatesCrude oil technical analysis Daily resistance 83.4, support below 80.62-79 Four-hour resistance 83.4-82.5, support below 81.2 Crude oil operation suggestions: Crude oil fluctuated and consolidated in a narrow range at a high level last Friday. The overall price continued the recent high-level fluctuation and consolidation rhythm. Today, the upper pressure continues to focus on 82.5-83.4. The intraday rebound continues to short at this position. The lower support focuses on the 82 mark. The short-term crude oil strong dividing line focuses on the 82.5 mark. Before the daily level stabilizes at 83.4, continue to sell at a high price around 83.4. SELL:80.7near SELL:82.5near SELL:83.4near Technical analysis only provides trading direction!
FX:USOILSPOTShort
by ActuaryJ
USOIL Higher Time Frame Possible Bullish ScenarioThis is higher time frame bullish scenario on USOIL (WTI). This is only applicable if a bullish breakout occurs. 1. The price is inside a triangle which is getting squeezed and reaching its apex. That means we are going to have a breakout very soon. 2. Recently the price completed and M pattern and jumped higher. When M pattern completes the market goes higher. 3. If we get a bullish breakout from this triangle and if this breakout confirms, we can have formation of a potential W pattern. This when completed will have the potential to make oil fall again. 4. After that if the price stays bullish or becomes bullish again, we have a gap available around 100 area which needs to be filled at subpoint. 5. That will also lead us into a bigger multiple month and possibly multi year bullish formation of a W pattern. But first, we need to see how price breaks out of the triangle. If you found this post useful or information please support this analysis by liking and sharing. 👍✔ Also us for more.
TVC:USOIL
by vikinsa
USOIL ( UNDER BEARISH PRESSURE ) ( 4H )USOIL HELLO TRADERS Tendency after the price breakout , indicates the price is under bearish pressure TURNING LEVEL : there is a purple line around 82.84 , indicates if the price trade below this level reach a support level , but if the breaking turning level reach a resistance level RESISTANCE LEVEL: there is a green line around 85.25 , indicates selling have already increase this level , when you reach this level buyer have more supply for oil SUPPORT LEVEL : there is a red line around 79.66 , indicates buying have already increase this level , when you reach this level selling have more demand for oil PRICE MOVEMNET : the price stabilizing below turning level around 82.84, in my opinion until the price trade below turning level ,indicates selling have more demand for oil , so reach a support level at 79.66, then breaking this level reach a next target at 77.37, if the price breaking turning level , indicates buyer have more supply for oil , so reach 85.25 and 87.41 TARGET LEVEL : RESISTANCE LEVEL : 85.25 , 87.41 SUPPORT LEVEL : 79.66 , 77.37
TVC:USOILShort
by ArinaKarayi
USOIL: Trend Analysis and Trading StrategiesCrude oil technical analysis Daily resistance 83.4, support below 79 Four-hour resistance 81, support below 81.3-80 Crude oil operation suggestions: Last Friday, the overall oil price fell first and then rose, breaking through the 82.7 mark, and then fell back and bottomed out, breaking through the 81 mark and closing weakly. The overall price showed a fluctuating upward rhythm. Today, the lower support continues to focus on the low point of 81 last Friday, and the upper pressure focuses on the vicinity of 82.5-82.7. If the upper 83.4 is not broken, continue to see the oscillation operation first, and if 83.4 is broken, the bulls will start SELL:82.0near SL:82.40 SELL:83.4near SL:83.70 Technical analysis only provides trading direction!
FX:USOILSPOTShort
by ActuaryJ
USOIL, sell high and buy low to participateTechnical analysis of crude oil Daily resistance 83.4, support below 79 Four-hour resistance 81, support below 80-78.5 Crude oil operation suggestions: Crude oil 4-hour chart is still shrinking and consolidating, and short-term contraction and shock are waiting to accumulate momentum to open up space. In the short term, there is still an expectation of further downward adjustment. Today's upper resistance focuses on the opening of yesterday's hourly line around 81.3-81.5. The intraday rebound relies on this position to continue to look down with the main short. The short-term support below focuses on 79.7-79.5. The European and American markets stabilize at this position once more and then look at shocks and rebounds. Sell high and buy low (At the same time, beware of the technical changes and there is also a warning of a sharp drop and wash) SELL:80.7near SL:81.10 SELL:82.0near SL:82.40 SELL:83.4near SL:83.70 Technical analysis only provides trading direction!
FX:USOILSPOTShort
by ActuaryJ
USOIL BULLISH PRESSURE ( 4H )USOIL HELLO TRADERS in the last chart at 10 JUN , as mentioned rising reach our target Tendency the price is a bullish pressure in 80.16 TURNING LEVEL : the price turning level at 80.16 , price stable below this level it becomes reach a support level , but if breaking this level active bullish area , to reach a resistance level RESISTANCE LEVEL: if the price trade above turning level at 80.16 , the price will rise to 82.85 then stable this level reach to 85.04 SUPPORT LEVEL : the price breaking turning level 80.16 , it will reach the support level of 78.18 and 75.63 CORRECTIVE LEVEL : price will 80.16 , correct itself before long ------------------------------ * Thank you , if you support this idea with your likes and comments , I hope you a profitable day🤍🤍🤍🤍🤍
TVC:USOILLong
by ArinaKarayi
Crude Oil Market Analysis and Trading SignalsTechnical analysis of crude oil Daily resistance 83.4, support below 77.5 Four-hour resistance 82, support below 80.7-79 Crude oil operation suggestions: After a bottom rebound in the daily chart of crude oil, the upward momentum has slowed down. Short-term is accompanied by a second roundabout retracement confirmation. The daily chart uses the middle track as the support point. Go long after the retracement confirmation. Today's lower support continues to focus on yesterday's hourly neckline support of 80.5. Relying on this position, the main bullish trend remains unchanged. The upper target is still near the daily pressure of 83.4. The short-term bullish strong dividing line focuses on the 80.7 mark. If the daily level stands firm at this position. Continue to follow the trend and do more. Short selling can participate near the daily resistance of 83.4. (At the same time, beware of trend changes, and there is also a warning of a sharp drop in the technical side) SELL:80.7near SL:81.10 SELL:82.0near SL:82.40 SELL:83.4near SL:83.70 Technical analysis only provides trading direction!
FX:USOILSPOT
by ActuaryJ
Brent Crude Surges in June But Chart Pattern Raises ConcernsBrent Crude Surges in June as Inventory Draw Tightens Market, But Chart Pattern Raises Concerns Brent crude oil prices experienced a significant rally in June 2024, rising 5% over the month. This increase adds to a positive trend for the year so far, with Brent crude accumulating a total gain of 12.85% year-to-date. However, a closer look at the price chart reveals a potential concern – the formation of a rising wedge pattern, which could indicate a reversal in the upward trend. Understanding Brent Crude and Its Global Influence Brent crude oil, extracted from the North Sea, is a light sweet crude oil variety. Widely traded across the globe, it serves as a benchmark for oil pricing, influencing other crudes like West Texas Intermediate (WTI), the US benchmark. Supply, demand, geopolitical tensions, and global economic health are all factors that impact Brent crude prices. In June 2024, a confluence of events pushed prices higher. US Inventory Draw Tightens the Market A key driver of the June price increase was a significant decline in US crude oil inventories. The US Energy Information Administration (EIA) reported a drop of 2.55 million barrels. This decrease signifies that demand for crude oil is outpacing supply, a classic recipe for rising prices. Several factors could explain the inventory decline. Economic growth can lead to increased energy consumption by businesses and consumers, driving up demand for crude oil. Geopolitical tensions can also disrupt oil supplies, further tightening available inventories. OPEC+ Decision Adds Fuel to the Fire Another factor influencing June's price increase was the decision by OPEC+, a group of oil-producing countries led by Saudi Arabia and Russia, to loosen production cuts. Implemented in April 2020 to support oil prices during the COVID-19 pandemic, these cuts were gradually lifted as the global economy recovered in 2024. The OPEC+ decision was interpreted as a sign of a tightening oil market. With rising demand and only a gradual increase in production from OPEC+, concerns arose about potential future supply constraints. This concern played a role in pushing Brent crude prices higher in June. The Rising Wedge: A Potential Threat to the Upward Trend? While the June price increase paints a picture of a robust oil market, a technical analysis of the Brent crude price chart reveals a potentially bearish pattern – the rising wedge. This chart formation consists of two upward-sloping trendlines, with prices seemingly trapped within an expanding channel. While the price appears to be rising, the trendlines narrow as the pattern progresses, suggesting a potential loss of momentum. A breakout from the rising wedge, particularly downwards, is often seen as a bearish signal, indicating a potential reversal in the price trend. This could lead to a decline in Brent crude prices in the coming months. The Two-Sided Coin of Rising Oil Prices Higher Brent crude prices have a double-edged impact on the global economy. On the one hand, consumers face the burden of rising gasoline prices, which can strain household budgets and impact businesses reliant on transportation. Additionally, higher oil prices translate to increased costs for transportation and other goods and services. On the other hand, oil-producing countries benefit from the price hike. Increased revenue allows them to invest in infrastructure, social programs, and economic development initiatives. The Road Ahead: Uncertainties and Opportunities Predicting the future of oil prices is a complex task. Global economic growth, geopolitical tensions, and OPEC+ production decisions will all play a role. However, the June price increase and the formation of the rising wedge pattern highlight the dynamic nature of the oil market. While the upward trend suggests continued price increases in the near term, the rising wedge pattern warrants caution. Investors and businesses involved in oil-dependent industries should closely monitor the price chart and economic factors to navigate the potential market shift.
TVC:USOIL
by bryandowningqln
USOIL: Short near 81.and Support 79.5~79.7Crude oil technical analysis Daily resistance 83.4, support below 77.5 Four-hour resistance 81, support below 80-77.5 Crude oil operation suggestions: Crude oil slightly rose to 81 yesterday, and then fell back and fluctuated sideways under pressure. The overall price support stabilized above the 80 mark, showing a strong bullish oscillation rhythm. The short-term local decline adjustment will not change the overall bullish strength. At the same time, short-term adjustments will provide better opportunities for long orders to enter the market. Today's support is around 79.7-79.5. If it falls back to this position during the day, continue to go long. The upper target continues to focus on the new high. The short-term bullish strong dividing line focuses on the 79 mark. If the daily level stabilizes above this position, continue to go long at a low price. SELL:80.0 near SL:80.40 SELL:81.0 near SL:81.30 SELL:83.4 near SL:83.70 Technical analysis only provides trading direction!
FX:USOILSPOT
by ActuaryJ
USOIL: Can crude oil stabilize at the 80 mark?Technical analysis of crude oil Daily resistance 83.4, support below 77-75 Four-hour resistance 81, support below 80-79 Operation suggestions for crude oil: The overall technical form of crude oil shows a bullish breakthrough. Today's support below continues to focus on yesterday's hourly neckline near 79.5-79.7. Return to this area during the day to continue to follow the trend and look for a breakthrough. The upper target is still expected to break through. The overall bullish strong dividing line moves up to the 78 mark. The daily level stabilizes above this position and continues to follow the trend and keep the low-price long rhythm unchanged. (At the same time, beware of sudden trend changes. The technical side also has a warning of a sharp drop and wash) BUY:80.0 near SL:79.70 SELL:81.0 near SL:81.30 SELL:83.4 near SL:83.70 Technical analysis only provides trading direction!
FX:USOILSPOTLong
by ActuaryJ