USOUSD Spot Oil Jumps on Geopolitical Escalation LONGSpot Oil on 30-minute chart had a slow rise in the past 24 hours followed by a pause and then a
jump on the Israeli retaliation strikes into Iran. Middle East oil shipping in the Red Sea and
Persian Gulf are at risk and shipping insurance for ongoing shipments is likely to experience
heavy rate increases if shipping does occur. Houthi rebels may resume proxy attacks on the
behalf of Iran. New sanctions contemplated against Iran may include increased action on oil
exports and the Israelis could target oil infrastructure. Overall, spot oil now has a bullish
bias. I see good cause to increase oil based positions at this time. My target for spot oil
based on VWAP lines currently on the chart is 87.5 about 4% upside without leveraging.
The volume indicator shows increased buying volumes relative to selling. The PVT shows a quick
burst of trend momentum while the TTM indictor triggered and has an upgoing histogram.
Usousd
USOUSD, OILUSOUSD is in a correction period. The price has an opportunity to retest the 81.12 and 80.05 support zones. If the price cannot break through the 80.05 level, there is a chance that the price will rebound. Consider buying a red zone.
>>GooD Luck 😊
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USDUSD Oil Prices react to Middle EastOn Thursday January 11th ( earlier today) WTI Crude prices gyrated widely
likely in reaction to US /UK intervention on the terrorists who seized a tanker on the behalf of
Iraq in the Red Sea / Suez Canal area putting shipping and supply concerns into the oil industry
to offset any weak demand. The 15 minute chart shows a megaphone pattern as a
demonstration of waves of relative volatility in price action. I have a position shorting oil
and will now close that position as I see a long entry developing here. US companies that use
rail and pipeline matching domestic production to consumption are less impacted by this
oceanic shipping issue. I will focus on them especially. OXY is at the top of the list and then
MRO.
USOUSD Megaphone PAttern Increased VolatilityVANTAGE:USOUSD
Spot crude oil is showing a megaphone pattern on the 4H chart.
This suggests increased volatility due to buyer/seller indecisiveness especially
when the price action is near the upper and lower lines as well
as the midline. The link below goes to a tutorial on how
to trade a megaphone pattern.
USOUSD rising for LONGUSOUSD after its minor correction on the 15-minute chart is resuming its
bullish trend with an engulfing green bar and confirmatory indicators
including an uptick in the postive directional index and on the BB a
move from a bounce near to the basis band toward the upper bands.
I will go long on leveraged forex.
WTI Oil H4 | Potential bullish bounceWTI oil (USOUSD) could fall towards an overlap support and potentially bounce off this level to rise towards our take-profit target.
Entry: 80.563
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci retracement level
Stop Loss: 76.830
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level
Take Profit: 84.135
Why we like it:
There is an overlap resistance level
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.
WTI Oil H4 | Approaching overlap supportWTI oil (USOUSD) is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 80.563
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci retracement level
Stop Loss: 76.830
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level
Take Profit: 84.135
Why we like it:
There is an overlap resistance level
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.
WTI Oil H4 | Heading into resistanceWTI oil (USOUSD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 80.963
Why we like it:
There is a pullback resistance level
Stop Loss: 82.300
Why we like it:
There is a resistance that sits beyond the 127.2% Fibonacci extension level
Take Profit: 77.797
Why we like it:
There is a pullback support level
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.
WTI Oil H1 | Approaching pullback supportWTI oil (USOUSD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 79.694
Why we like it:
There is a pullback support that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 79.048
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement level
Take Profit: 80.963
Why we like it:
There is a pullback resistance level
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.
WTI Oil H1 | Potential bullish bounce off overlap supportWTI oil (USOUSD) is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 78.046
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci retracement level
Stop Loss: 77.322
Why we like it:
There is a pullback support that sits under the 61.8% Fibonacci retracement level
Take Profit: 79.694
Why we like it:
There is a swing-high resistance level
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.
WTI Oil H4 | Heading into multi-swing-high resistanceWTI oil (USO/USD) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 79.459
Why we like it:
There is a multi-swing-high resistance level
Stop Loss: 81.319
Why we like it:
There is a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 127.2% extension and the 61.8% retracement levels
Take Profit: 76.026
Why we like it:
There is a pullback support level
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.
WTI Oil H4 | Falling to pullback supportWTI oil (USOUSD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 77.108
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 75.528
Why we like it:
There is a pullback support that lies under the 38.2% Fibonacci retracement level
Take Profit: 78.757
Why we like it:
There is a pullback resistance level
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.
WTI Oil H4 | Potential Bullish ReversalWTI oil (USOUSD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 76.104
Why we like it:
There is a pullback support that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 75.170
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level
Take Profit: 78.573
Why we like it:
There is a pullback resistance level
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.
WTI Oil H4 | Potential bullish breakoutWTI oil (USOUSD) is rising towards a potential breakout level and momentum could potentially carry price towards our take-profit target.
Entry: 77.234
Why we like it:
There is a potential breakout level
Stop Loss: 75.528
Why we like it:
There is a pullback support that lies underneath the 23.6% Fibonacci retracement level
Take Profit: 78.940
Why we like it:
There is a swing-high resistance level
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.
WTI Oil H4 | Heading into resistanceWTI oil (USOUSD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 72.853
Why we like it:
There is a pullback resistance level
Stop Loss: 74.718
Why we like it:
There is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level
Take Profit: 70.451
Why we like it:
There is a multi-swing low support level
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.
higher prices on Crude oil (update) If prices continue to struggle going bullish after inventory
or week come in red. I expect prices to drop into mitigation and if that happens you will see an explosive move on oil.
Otherwise, they should take buy side liquidity @70.77 and come back into internal range (mitigation/volume imbalance)
Mind you, if the fed also cuts rates today that will weaken the USD and strengthen foreign currencies creating more demand for oil and short inventory reports will surge prices higher.
USOIL AMAZING BULLISH OPPORTUNIY Hello guys ,
it seems usoil started a bullish reversal after Breaking the neckline of the double bottom and an important keylevel on the daily tf.
if the price manages to do a pull back towards the area where the trendline + poc + demand zone is it could give a great great buying opportunity .
lets wait and see !
Crude oil back about $96 a barrel With the slowing of oil production
and conflict at the Nile, I think that oil prices are
going to increase, if the fed decides to cut or leave interest rates unchanged
this may weaken the USD and strengthen other currencies creating more demand for oil
and if inventory continues to lessen you will see a further surge in oil prices.
otherwise, if the fed raises interest rates next week and productions issues come to resolve
oil prices will begin to drop and I will update this post with a bearish Analysis.
WTI Oil H4 | Potential bullish bounceWTI oil (USO/USD) could fall towards a pullback support and potentially bounce off this level to rise towards our take profit target.
Entry: 75.866
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 74.128
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level
Take Profit: 79.364
Why we like it:
There is a swing-high resistance level
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.
WTI H4 | Falling to 50% Fibo supportWTI oil (USO/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target.
Entry: 72.402
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 70.938
Why we like it:
There is a multi-swing-low support that aligns close to the 78.6% Fibonacci projection level
Take Profit: 74.861
Why we like it:
There is a pullback resistance level
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.
WTI Oil H4 | Falling to Fibo confluence supportWTI oil (USOUSD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target.
Entry: 71.224
Why we like it:
There is a pullback support that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and the 61.8% projection levels
Stop Loss: 70.041
Why we like it:
There is a swing-low support that sits under the 78.6% Fibonacci projection level
Take Profit: 73.516
Why we like it:
There is a pullback resistance level
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.