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WTI-OIL

Brent D1 swing trade bulls 35% buy/hold setup🔸Today let's review the daily chart for brent oil . Noteworthy bounce in progress after accumulation near lows, speculative XABCD setup in progress. 🔸XABCD is defined by point X at 97.45, point A at 73.70, point B at 93.85, point C (confirmed) at 76.85, point D in progress at 105.30. speculative trade setup with advanced entry reversal at point C. 🔸Recommended strategy for BULLS: buy/hold near market, or buy dips near point C, TP bulls is point D at 105.30, 35% gains potential (unleveraged). swing trade setup, patience required. good luck, traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:UKOILLong
by ProjectSyndicate
1
WTI CRUDE OIL: Consolidation before a long term rally.WTI Crude Oil is neutral on the 1D time-frame (RSI = 48.178, MACD = -0.770, ADX = 19.024) as the price continues its fierce consolidation within the 1D MA50 (Resistance) and 1W MA200 (Support). In fact the 1D MA40 has been unbroken since October 23rd 2023 and when it breaks we expect a strong rise like the July 5th 2023 breakout. A strong consolidation similar to today's preceded the July 5th breakout. Consequently, when the price does cross over it, we will go long and targwt the symmetrical Resistance (TP = 83.50), which has been the target twice before inside 2023. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
1
WTI Crude Oil: An Emerging Trading RangeThis morning’s jobs report came in stronger than expected, and oil prices rallied. The 216k December NFP gain topped the +175k estimate, though revisions to the two previous months were sharply negative – a trend we saw throughout 2023. Average hourly earnings verified hotter than what economists were forecasting. At +4.1% on a year-on-year basis, workers are now earning about a full percentage point above the current inflation rate. Compared to the 6-month annualized Core PCE rate, you could argue that real wages are positive by 2.2% versus December 2022. Amid a strong labor market and ahead of next week’s CPI report, commodity prices are treading water. WTI hovers in the low $70s, and I assert that a new trading range has developed between $68 and $79. Trend-following traders may be frustrated by this sideways price action, but more stable energy costs could be a boon to the corporate world, right as the Q4 reporting season gets underway a week from today. For now, this $11 WTI range will be one to watch as 2024 progresses. A breakout through it would portend an upside measured move price target to about $90, based on the $11 range height. A bearish breakdown could lead to a dip into the FWB:50S per barrel of WTI. With very high domestic oil and gas production and wavering global demand for oil amid a possible slowdown in GDP growth over the first half of the year, there are certainly some bearish supply/demand factors at play. Still, ongoing tensions in the Middle East have led to a surge in shipping container day rates, and further geopolitical escalations is a bullish catalyst to watch over the coming weeks. For now, I see more trendless action taking place in crude oil.
NYMEX:CL1!
by mikezaccardi
WTI OIL Bearish below the 1D MA50.WTI Oil (USOIL) got rejected two days ago near the 1D MA50 (blue trend-line), which has been the downward Resistance since October 24, despite the fact that the price marginally broke above the 3-month Channel Down. As long as it stays below the 1D MA50, the trend is bearish and we will target the 68.00 Low. On the long-term though, this is a huge Buy Zone since March but the price only rallied sustainably when a 1D candle closed above the 1D MA50. The 1D RSI is technically repeating the December 2022 bottom pattern, but we will only engage in buying above the 1D MA50, in which case we will target 82.50, which is a level reached both on the March and July's rallies. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOIL
by TradingShot
3
WTI → Oil prices drop as the USD recovers, OPEC cutsThe outlook has turned bearish for the WTI. This is mainly because the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) reside deep in negative territory and as the price is seen below its 20,100 and 200-day Simple Moving Averages (SMA). This indicates that on the shorter and broader scales, the sellers are dominating. Resistance Levels: $75.00, $76.15 (20-day SMA), $77.00 Support Levels: $72.80, $72.30, $71.00
BLACKBULL:WTIShort
by tradingconmike
WTI CRUDE OIL Buy signal under the 4hour MA50WTI Crude Oil / USOIL is trading inside a Channel Down for almost 2 months. The recent Lower Low on its bottom is so far replicating the previous one on October 6th. Today's sudden decline made a symmetric pull-back as on October 12th. This is the final short term buy opportunity before the price approaches the top of the Channel and the 4hour MA200. A crossing over the 4hour MA50 will confirm the buy. Target 79.50, which is under Resistance A, like the Lower High of October 20th. Previous chart: Follow us, like the idea and leave a comment below!!
TVC:USOILLong
by TheCryptagon
Crude Oil to $160?😳 (Stop Harbouring Iranian Petroleum Bill)The U.S. House of Representatives has passed a bill called ‘Stop Harbouring Iranian Petroleum’. The purpose of the bill is to do all the following listed above🔺 But in more simple terms, the plan of the U.S. government is to pull Iran into the war & shift blame onto them, for the genocide currently going on in the Middle East. They’ll say Iran is funding the war & the only way to stop that is by blocking & putting a price cap on Iranian Oil. They do this knowing Iran will likely block off the ‘Strait of Hormuz’ as a retaliation. What happens now? Saudi countries can no longer use the Strait of Hormuz to export their Oil, which’ll create supply shortage for Western nations. This’ll lead to Crude Oil prices shooting higher & forcing more people towards electric vehicles & products📈
TVC:USOILLong
by BA_Investments
2
USOIL (WTI) BUYING ON DIPS HELLO TRADERS,,, As i can see this chart of USOIL it is moving same as we had predicted in our previous analysis Israeli & Gaza War Tensions are driving Gold and Oil prices in bullish trend and we can see a Wyckoff Pattern on the base of technical view the support is holding the price of oil and i am expecting it will boost to the upside for completing this technical pattern... History will repeat, like the 1973-1974 war, where all the Arab countries stopped the supply of OIL. Can we see the same thing in 2023-2024 as war is at its peak? If the same happens, the OIL price will shoot to 120-130 barrels directly . this is just an trade idea with Technically + Fundamentally view Kindly share Ur thoughts on US OIL so it will help alote traders community we appreciate Ur love and support Stay tuned for more updates
TVC:USOILLong
by APEX_TRADING_ACADMEY
WTI BEARISH OUTLOOKOil prices dropped over 2% as U.S. crude stockpiles rose, signaling weakened demand. Additionally, concerns about the global economic outlook led to a broader sell-off in equities. Brent crude futures fell by 2.2% to $88.13 a barrel, while U.S. West Texas Intermediate crude futures slid by 2.7% to $83.13 a barrel. These price declines were driven by a combination of rising inventories, reduced demand, and economic uncertainties, highlighting the impact of geopolitical tensions and broader market sentiment on oil markets. The market's attention has been fluctuating between geopolitical factors, including the conflict in the Middle East, and macroeconomic concerns, such as U.S. Treasury yields nearing 5% and the pace of economic growth. These uncertainties are affecting oil demand and prices, making it a volatile and complex market. Additionally, the article touches on issues related to the energy transition, with companies like Shell cutting jobs in its Low Carbon Solutions business, and Siemens Energy seeking government support for its wind-turbine unit. On a technical side, the daily graph had formed a Three Black Crows pattern 2 days ago, which is a reliable predictor of continuous down movement, technical indicators as MACD and RSI are also in the sell zone. If this trend continues, the price might reache levels of 79.64, while as a pivot point might be considered 84.34, from where the price might go to 87.82 levels. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:WTIShort
by legacyFXofficial
WTI Oil Bounces Cleanly Off Key Support – Uptrend in the Making⚪ WTI has firmly established an uptrend, with a breakthrough above the first supply zone while consistently respecting the uptrend trendline. ⚪ Notably, a recent rejection of the second supply zone took place. The positive aspect, though, is that after the breakout we witnessed a precise bounce off the 78.6% Fibonacci retracement support, indicating the uptrend's continuation. ⚪ This suggests that WTI might be on the brink of a substantial upward move. As a result, heading towards one of two Fibonacci resistance levels situated at $102 and $115. As always, we are sharing our trade setup in the channel!
FX:USOILSPOTLong
by CryptoPAMM