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Wticrudeoil

WTI OIL potential rejection leading to the Channel's bottom.WTI Oil (USOIL) has been trading within a Channel Up pattern on the 1D time-frame with the price on a Bearish Leg since its January 15 Higher High. The price is right now being rejected on its 1D MA50 (blue trend-line) and based on the last two main bearish sequences since July 2024, a 1D MA200 (orange trend-line) max rejection is quite possible here to continue the Bearish Leg. Our Target is the bottom of the Channel Up at $69. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTIShort
by TradingShot
WTI crude oil shows the potential for a bounceThis is a bit of a scrappy chart, but I still see the potential for a cheeky bounce. WTI crude oil is trying to snap a 4-week losing streak, by stalling around a 50% retracement level. Last week's candle was an inverted hammer, and the previous two weeks have both closed above the 50% level. A bullish divergence formed on the daily RSI (2) ahead price action finding support at the 200-day SMA and 200-day EMA. From here, the bias remains bullish while prices hold above last week's low. Bulls could seek dips towards the 200-day MAs, with a near-term upside target of $72. A break above which brings $74 into focus, near the monthly pivot point. Matt Simpson, Market Analyst at City Index and Forex.com
NYMEX:CL1!Long
by CityIndex
Market Analysis: WTI Crude Oil StrugglesMarket Analysis: WTI Crude Oil Struggles Crude oil is showing bearish signs and might decline below $70.00. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI Crude oil prices failed to clear the $73.50 region and started a fresh decline. - There is a key bearish trend line forming with resistance at $71.00 on the hourly chart of XTI/USD at FXOpen. WTI Crude Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to clear the $73.50 resistance zone against the US Dollar. The price started a fresh decline below the $72.20 support. The price even dipped below the $71.50 level and the 50-hour simple moving average. The bulls are now active near the $70.20 level. A low was formed at $70.12, and the price is now consolidating losses. If there is a fresh increase, it could face resistance near the 50% Fib retracement level of the downward move from the $71.87 swing high to the $70.12 low at $71.00. There is also a key bearish trend line forming with resistance at $71.00. The first major resistance is near the $71.85 level. Any more gains might send the price toward the $72.20 level. The main resistance could be near the $73.35 level. Conversely, the price might continue to move down and revisit the $70.00 support. The next major support on the WTI crude oil chart is $68.80. If there is a downside break, the price might decline toward $66.50. Any more losses may perhaps open the doors for a move toward the $65.00 support zone. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
2
WTI Oil Short: Bearish Setup After Sharp RallyOil prices have surged impressively, fueled by recent fundamental-driven market moves. However, this swift upside has led WTI crude to my point of interest, offering a prime opportunity to short against the trend. My trade strategy includes taking partials at the $74 price zone. Here’s why this setup is supported by bearish fundamentals: 1. Rising U.S. Fuel Inventories Recent data shows significant growth in U.S. gasoline and distillate stockpiles, hinting at a potential oversupply in the market. 2. Strengthening U.S. Dollar A stronger dollar makes oil more expensive for holders of other currencies, reducing global demand and weighing on prices. 3. Increased Non-OPEC Supply With rising production levels from non-OPEC countries, analysts expect an oversupplied market in 2025, adding further pressure on oil prices. 4. Weakening Global Demand Economic growth concerns in major markets like China and Germany are fostering expectations of reduced oil demand, reinforcing a bearish outlook. These combined factors strongly support a short position on WTI crude oil. Stay strategic, take profits along the way, and manage your risk carefully in this volatile environment! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
OANDA:WTICOUSDShort
by AR33_
WTI crude bulls eye $74Crude oil prices fell over 11% from the January high before support was found at the 200-day SMA and 50% retracement level on Friday. Trump's latest tariffs saw commodities rise on inflationary concerns, and that allowed WTI futures to post a daily gain of 1.6% - its best day since the January high. The 1-hour chart shows an impulsive move with no immediate threat of a top forming, and it seems plausible that the market is now reaching for $74 as part of a counter trend move, near the monthly pivot point and weekly R2. However, as Monday's trading volume was the lowest of the year, it shows a lack of bullish enthusiasm. So unless we see volumes rising alongside prices, I am to assume the current bounce is simply a correction against the drop from the January high. Matt Simpson, Market Analyst at City Index and Forex.com
NYMEX:CL1!Long
by CityIndex
2
WTI CRUDE OIL: Aiming at 82.00 long term.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 48.507, MACD = -0.150, ADX = 34.872) as only today it crossed above the 1D MA50, following a correction since Jan 15th. The prevailing pattern is a Channel Up and we are very close to its bottom. The two bullish waves it had already, peaked after at least a +20% rise. As the 1D RSI is already on the S1 Zone, we anticipate a new bullish wave to start gradually and aim at the top of the Channel Up (TP = 82.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
WTI Crude Oil: Navigating Current Dynamics Near $72.00As I write this, West Texas Intermediate (WTI) crude oil is hovering around $71.90. Despite ongoing concerns about a US-China trade war, the market is largely dismissing this risk, focusing instead on supply worries stemming from Iran. President Trump's administration has reinstated its "maximum pressure" campaign, aiming to cut Iran’s oil exports to zero, which heightens global supply concerns. This geopolitical landscape has significant implications, suggesting a potential tightening of global oil supply that could lead to price increases. From a technical standpoint, retail sentiment is bearish. However, examining historical data reveals a pattern of price recovery following downturns. Given current market dynamics, there’s a strong case for a bullish reversal. A pullback to around $78 seems feasible, as demand may soon outstrip supply due to lingering geopolitical tensions and economic recovery. In summary, while bearish thoughts prevail, the foundations are in place for an upward shift in WTI prices. As developments in Iran and broader economic indicators unfold, traders and investors should remain alert to the potential for a rebound. ✅ Please share your thoughts about WTI in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
BLACKBULL:WTILong
by FOREXN1
5
"WTI / US OIL SPOT" Energy Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "WTI / USOIL SPOT" Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The loot's within reach! Wait for the breakout, then grab your share - whether you're a Bullish thief or a Bearish bandit!" Buy entry above 76.00 Sell Entry below 72.00 Stop Loss 🛑: Thief SL placed at 74.00 (swing Trade) for Bullish Trade Thief SL placed at 74.00 (swing Trade) for Bearish Trade Using the 4H period, the recent / nearest low or high level. SL is based on your risk of the trade, lot size and how many orders you have to take. Target 🎯: -Bullish Robbers TP 81.50 (or) Escape Before the Target -Bearish Robbers TP 67.00 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: "WTI / USOIL SPOT" Energy market is currently experiencing a Neutral trend (there is a higher chance for Bearish)., driven by several key factors. ♻ Fundamental Analysis: Supply and Demand: Neutral, with growing demand for oil offset by rising US oil production. OPEC Production: Neutral, with OPEC's production cuts offset by rising US oil production. Global Economic Growth: Neutral, with a slow global economic recovery expected. ♻ Macro Economics: Global Economic Growth: Neutral, with a slow global economic recovery expected. Inflation: Neutral, with low inflation expected in major economies. Interest Rates: Neutral, with interest rates expected to remain stable. ♻ COT Report: Non-Commercial Traders: Bearish, with 55% of non-commercial traders holding short positions. Commercial Traders: Bullish, with 60% of commercial traders holding long positions. Levieraged Funds: Bearish, with 58% of leveraged funds holding short positions. ♻ Sentimental Analysis: Market Sentiment: Bearish, with 52% of traders holding short positions. Retail Trader Sentiment: Bullish, with 65% of retail traders holding long positions. Institutional Trader Sentiment: Bearish, with 60% of institutional traders holding short positions. ♻ Overall Outlook: Bearish: 52% Bullish: 30% Neutral: 18% Based on the overall analysis, the outlook for WTI Commodity CFD is bearish, with a target price of around $60-$62 per barrel. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤗
THINKMARKETS:WTI
by Thief_Trader
Market Analysis: Oil Takes a HitMarket Analysis: Oil Takes a Hit Crude oil is showing bearish signs and might decline below $72.20. Important Takeaways for Oil Price Analysis Today - Crude oil prices failed to clear the $80.00 region and started a fresh decline. - There is a key bearish trend line forming with resistance at $73.85 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to clear the $80.00 resistance zone against the US Dollar. The price started a fresh decline below the $76.35 support. The price even dipped below the $75.00 level and the 50-hour simple moving average. The bulls are now active near the $72.20 level. A low was formed at $72.16, and the price is now consolidating losses. If there is a fresh increase, it could face resistance near the 23.6% Fib retracement level of the downward move from the $79.44 swing high to the $72.16 low at $73.85. There is also a key bearish trend line forming with resistance at $73.85. The first major resistance is near the $75.80 level or the 50% Fib retracement level of the downward move from the $79.44 swing high to the $72.16 low. Any more gains might send the price toward the $76.35 level. Any more gains might call for a test of $79.45. Conversely, the price might continue to move down and revisit the $72.20 support. The next major support on the WTI crude oil chart is $70.00. If there is a downside break, the price might decline toward $70.00. Any more losses may perhaps open the doors for a move toward the $68.50 support zone. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
1
WTI - Daily TradingRange ZoneBLACKBULL:WTI is oscillating between two key trend lines, and after hunting liquidity under the last bullish leg, another upward move is possible. This setup presents buy opportunities on lower time frames, and I’ll update this idea accordingly. Additionally, oil remains within a broader trading range, reacting precisely to the mid-zone, which has previously acted as dynamic support. This level could push prices higher in the short term. 📈 Watch for potential bullish setups and follow for timely updates!
BLACKBULL:WTILong
by Sober_Trading
2
WTI CRUDE OIL This pull back is the best buy opportunityWTI Crude Oil is on the pull back after a Resistance Zone (1) rejection. The Rising Support trend line is parallel to the MA50 (1d) and a 0.5 Fibonacci test would be the most effective buy entry. So far this resembles the January 29th 2024 rejection. Trading Plan: 1. Buy on the 0.5 Fib. Targets: 1. 86.50 (Resistance Zone 2). Tips: 1. The RSI (1d) also shows similarities with the Jan 29th 2024 rejection, supporting our expectation of a MA50 (1d) bounce. Please like, follow and comment!!
TVC:USOIL
by TradingBrokersView
WTI OIL expecting a +10% rise.WTI Oil (USOIL) has been trading within a Channel Up, supported by the 4H MA50 (blue trend-line) since the December 27 break-out. The price has already made contact with the bottom of the pattern (Higher Lows trend-line) so it is already a buy opportunity. The ultimate buy signal technically, however, has been the 4H RSI Higher Lows since the December 06 Low, so it is possible to see one more small pull-back before the trend reverses. Since the previous two Bullish Legs have increased by at least +10% since their 4H RSI Lows, we are targeting $84.40, which is the Resistance 1 level, exactly on the +10% mark. ------------------------------------------------------------------------------- ** 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:USOILLong
by TradingShot
Market Analysis: WTI Crude Oil Price Regains MomentumMarket Analysis: WTI Crude Oil Price Regains Momentum WTI Crude oil prices climbed higher above $77.00 and might extend gains. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI Crude oil prices extended gains above the $74.40 and $76.50 resistance levels. - There is a short-term declining channel forming with support at $76.00 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price started a major upward move from $72.30 against the US Dollar. The price gained bullish momentum after it broke the $75.00 resistance and the 50-hour simple moving average. The bulls pushed the price above the $76.50 and $77.00 resistance levels. The recent high was formed at $77.82 and the price started a downside correction. There was a minor move toward the 23.6% Fib retracement level of the upward move from the $72.32 swing low to the $77.82 high. The RSI is now below the 50 level and there is a short-term declining channel forming with support at $76.00. Immediate support on the downside is near the $76.50 zone. The next major support on the WTI crude oil chart is near the $76.00 zone, below which the price could test the $75.05 level and the 50% Fib retracement level of the upward move from the $72.32 swing low to the $77.82 high. If there is a downside break, the price might decline toward $74.50. Any more losses may perhaps open the doors for a move toward the $72.30 support zone. If the price climbs higher again, it could face resistance near $77.05. The next major resistance is near the $77.80 level. Any more gains might send the price toward the $78.50 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
2
WTI OIL Critical crossroads on the 16-month Resistance.WTI Oil (USOIL) is having a strong rally in the past 30 days following the rebound on the 2-year Support Zone. This Zone has contained all 1W candle closings above it, so this rebound is coming as a natural technical reaction for buyers but it is about to face a critical Resistance Cluster. First is the 1W MA50 (blue trend-line) but the most important level is the 16-month Lower Highs trend-line that started in late September 2023. Technically, as long as it holds, the price is more likely to get rejected now back towards the Support Zone, so at the moment we are bearish with a 68.00 Target. If the Lower Highs trend-line breaks and WTI closes a 1W candle above it, we don't expect the 1W MA200 (orange trend-line) to offer much Resistance, so we will take the small loss on the short and switch to buying. Our Target in that case will be Resistance 1 at 84.50. ------------------------------------------------------------------------------- ** 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
1
WTI - 2025 Q1 Forecast - Technical Analysis & Trading Ideas!💡 Midterm forecast: (Daily Time-frame) While the price is above the support 64.00, resumption of uptrend is expected. Technical analysis: A trough is formed in daily chart at 66.51 on 11/18/2024, so more gains to resistance(s) 75.44 and maximum to Major Resistance (77.92) is expected. Take Profits: 68.80 72.27 75.44 77.92 80.10 83.96 87.00 93.80 100.80 109.19 126.35 💡 Short Term forecast: (H4 Time-frame): The bullish wave is expected to continue as long as the price is above the strong Support at 70.53 Forecast: 1- Correction wave toward the Buy Zone 2- Another Upward Impulse wave toward Higher TPs SL: Below 70.53 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
BLACKBULL:WTILong
by ForecastCity
8
What Is the Difference Between Brent and WTI Crude OilWhat Is the Difference Between Brent and WTI Crude Oil for Traders? Brent Crude and WTI are two of the most important oil benchmarks in the world, influencing global markets and trading strategies. While both represent high-quality crude, they differ in origin, composition, pricing, and market dynamics. This article explores questions like “What is Brent Crude?”, “What is WTI Crude?”, and “What is the difference between Brent and crude oil from West Texas?”, helping traders navigate their unique characteristics. Brent Oil vs Crude Oil from West Texas Brent Crude and West Texas Intermediate (WTI) are two primary benchmarks in the global oil market, each representing distinct qualities and origins. What Is Brent Crude Oil? Brent Crude originates from the North Sea, encompassing oil from fields between the United Kingdom and Norway, like Brent, Forties, Oseberg, Ekofisk, and Troll. This region's offshore production benefits from direct access to sea routes, facilitating efficient transportation to international markets. The North Sea's strategic location allows Brent Crude to serve as a global pricing benchmark and influence oil prices worldwide. This blend is slightly heavier and contains more sulphur compared to WTI. Despite this, Brent Crude is extensively traded and serves as a pricing reference for about two-thirds of the world's oil contracts, primarily on the Intercontinental Exchange (ICE). What Is WTI Crude Oil? West Texas Intermediate is primarily sourced from US oil fields in Texas, North Dakota, and Louisiana. The landlocked nature of these production sites means that WTI relies heavily on an extensive network of pipelines and storage facilities for distribution. A key hub for WTI is Cushing, Oklahoma, which serves as a central point for oil storage and pricing. This infrastructure supports WTI's role as a benchmark for US oil prices. Known for its lightness and low sulphur content, West Texas Crude is ideal for refining into gasoline and other high-demand products. WTI serves as a major benchmark for oil prices in the United States and is the underlying commodity for the New York Mercantile Exchange's (NYMEX) oil futures contract. Brent and WTI Crude Oil CFDs Most retail traders interact with Brent and WTI through Contracts for Difference (CFDs) instead of futures contracts. CFDs enable traders to speculate on price fluctuations without having to own the underlying physical oil. Instead, they open buy and sell positions and take advantage of the difference in the price from the time the contract is opened to when it’s closed. This makes CFDs a popular choice for retail traders looking to make the most of short-term price fluctuations in oil without the complexities of physical ownership, storage, or delivery. CFDs also offer leverage, allowing traders to control larger positions with smaller capital. You can trade Brent and WTI crude oil at FXOpen with tight spreads and low commissions! Check the recent oil prices at the TickTrader trading platform. Quality and Composition Differences Brent Crude is classified as a light, sweet crude oil. It has an API gravity of approximately 38 degrees, indicating a relatively low density. Its sulphur content is about 0.37%, making it less sweet compared to WTI. Brent's composition is well-suited for refining into diesel fuel and gasoline, which are in high demand globally. But what is WTI like? Known for its superior quality, WTI boasts an API gravity of around 39.6 degrees, making it lighter than Brent. Its sulphur content is approximately 0.24%, classifying it as a sweeter crude. This lower sulphur content simplifies the refining process, allowing for the production of higher yields of gasoline and other high-value products. These differences in API gravity and sulphur content are significant for refiners. Lighter, sweeter crudes like WTI are generally more desirable because they require less processing to meet environmental standards and produce a higher proportion of valuable end products. However, the choice between Brent and WTI can also depend on regional availability, refinery configurations, and specific product demand. Trading Volumes and Market Liquidity Brent Crude and WTI both see significant trading volumes, but they differ in terms of their market liquidity and global reach. As mentioned above, Brent Crude is widely traded on international markets, and it serves as the pricing benchmark for roughly two-thirds of the world's oil contracts. Its broad appeal comes from being a global benchmark, which makes it highly liquid in global exchanges like ICE Futures Europe. This high liquidity means traders can buy and sell contracts with relative ease, often with tighter spreads. As a result, it’s popular among traders looking for high-volume, internationally-influenced oil exposure. On the other hand, WTI is primarily traded in the US through exchanges like the NYMEX (New York Mercantile Exchange). While still highly liquid, WTI's trading volumes tend to be more concentrated within the US market. Despite this, it remains a crucial benchmark, especially for traders focusing on the US oil industry. Its close ties to the domestic market mean liquidity can be slightly more affected by US-specific factors. Pricing Influences and Differences Between Brent and WTI The geographic focus and market influence distinguish WTI Crude vs Brent oil. Brent is a globally traded benchmark, making it more reactive to international forces, while WTI’s market is more US-centric, with pricing heavily influenced by domestic factors and energy dynamics. Therefore, Brent Crude and WTI often trade at different prices, with Brent Crude typically priced higher. This price difference, known as the Brent-WTI spread, reflects the varying dynamics between global and US markets. Traders keep a close eye on this spread, as it signals the relative strength of international versus US oil markets. Price Influences for Brent Crude - Geopolitical events: Brent is highly sensitive to tensions or conflicts in major oil-producing regions like the Middle East and North Africa. Any disruptions to supply routes or production in these areas can cause its prices to spike. - OPEC+ decisions: Since many OPEC+ members produce oil that influences Brent’s pricing, their decisions on production cuts or increases have a direct impact on its price. A reduction in global output typically raises prices. - Global shipping and transport logistics: Brent is traded internationally, so shipping costs, potential blockages in transport routes (e.g., the Strait of Hormuz), and other logistics play a role in price movements. - Global energy demand: Trends in global demand, especially from key regions like Europe and Asia, affect pricing. For instance, economic growth in these regions tends to push prices higher. Price Influences for WTI - US shale oil production: WTI is highly responsive to the levels of US shale oil output. When production surges, oversupply can put downward pressure on prices. - US oil inventory levels: Key storage hubs like Cushing, Oklahoma, are crucial for pricing. Rising inventory levels signal oversupply, which typically lowers prices, while declining inventories may indicate higher demand and push prices up. - Pipeline and transportation infrastructure: Bottlenecks in US oil pipelines or delays in transportation can influence WTI pricing. For instance, limited capacity in pipelines can restrict oil flow to refineries, leading to fluctuations in prices. - Domestic energy policies: Government regulations, taxes, or subsidies affecting US energy production can impact prices, with changes in drilling activity or environmental policies influencing supply levels. Which Oil Should Traders Choose? When deciding between WTI vs Brent, traders consider their market focus, trading strategy, and the factors driving each benchmark. Here’s an overview of what might help you choose: 1. Geopolitical Focus - Brent Crude is more sensitive to global geopolitical events, making it a strong choice for traders who focus on international markets. If you analyse global tensions, OPEC+ decisions, or international energy policies, Brent is likely more relevant. - WTI is less influenced by global events and more driven by US domestic factors. Traders focused on US politics, infrastructure, and energy policies may find WTI a better fit. 2. Market Liquidity and Trading Volume - Brent Crude is widely traded across global exchanges, giving it strong liquidity. It’s ideal for traders who prefer access to international markets and global trading volumes. Its liquidity also makes it attractive for those trading larger volumes or seeking tighter spreads. - WTI has high liquidity as well, but it’s more concentrated in US markets. This makes it better suited for traders with a specific interest in US oil dynamics. 3. Price Volatility - Brent Crude tends to react more to geopolitical shocks, meaning it can experience more volatility from global crises. Traders looking for opportunities driven by international supply disruptions or geopolitical risks might prefer Brent. - WTI is typically influenced by domestic production and inventory levels, which can result in different volatility patterns. US-focused traders or those tracking domestic shale oil production often gravitate toward WTI for its more region-specific volatility. 4. Regional Focus - Brent Crude is favoured by traders who have a global outlook or trade oil products tied to European, Asian, or African markets. - WTI is a solid choice for traders interested in US oil markets or those who rely on data from domestic US reports like the EIA. The Bottom Line In summary, understanding the differences between Brent Crude and WTI is crucial for traders analysing global oil markets. Both benchmarks offer unique opportunities depending on your trading strategy and market focus, whether you prefer the global influence of Brent or the US-centric dynamics of WTI. To get started with Brent and WTI CFDs, consider opening an FXOpen account for access to these key markets alongside low-cost trading conditions. FAQ Why Is Oil Called Brent Crude? Brent Crude gets its name from the Brent oil field located in the North Sea, discovered by Shell in the 1970s. The name "Brent" was derived from a naming convention based on birds—specifically, the Brent goose. Over time, it’s become the benchmark for oil produced in the North Sea, now serving as a global pricing standard for much of the world's oil supply. What Does WTI Stand For? WTI stands for West Texas Intermediate. It refers to a grade of crude oil that is primarily produced in the United States, specifically from oil fields in Texas, North Dakota, and surrounding regions. WTI is one of the key benchmarks for oil pricing, particularly in North America. Is Brent Crude Sweet or Sour? Brent Crude is considered a light, sweet crude oil. It has a low sulphur content, making it easier to refine into high-value products like gasoline and diesel. However, it contains slightly more sulphur than WTI, which is why it's marginally classified as less sweet. Why Is Brent Always More Expensive Than WTI? Brent is often more expensive than WTI due to its global demand and greater sensitivity to geopolitical risks. Brent is influenced by international factors, including OPEC+ decisions and conflicts in key oil-producing regions, which often lead to supply disruptions. WTI, meanwhile, is more affected by domestic US supply and demand. Is Saudi Oil Brent or WTI? Saudi oil is neither Brent nor WTI. It falls under its own classification, primarily as Arabian Light Crude. However, Brent Crude is often used as a pricing benchmark for oil exports from Saudi Arabia and other OPEC nations. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XBRUSDEducation
by FXOpen
1
Market Analysis: Crude Oil Price Faces HurdlesMarket Analysis: Crude Oil Price Faces Hurdles Crude oil prices are now struggling to clear the $70.00 and $70.50 resistance levels. Important Takeaways for Oil Prices Analysis Today - Crude oil prices extended downsides below the $70.00 support zone. - A major bearish trend line is forming with resistance near $70.00 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to continue higher above $70.50 against the US Dollar. The price formed a short-term top and started a fresh decline below $70.00. There was a steady decline below the $69.40 pivot level. The bears even pushed the price below $69.00 and the 50-hour simple moving average. Finally, the price tested the $68.35 zone. The recent swing low was formed near $68.36, and the price is now correcting losses. There was a minor move above the 50% Fib retracement level of the downward move from the $70.50 swing high to the $68.36 low. On the upside, immediate resistance is near the $70.00 level. There is also a major bearish trend line forming with resistance near $70.00. The trend line is close to the 76.4% Fib retracement level of the downward move from the $70.50 swing high to the $68.36 low. The next resistance is near the $70.50 level. The main resistance is near a trend line at $70.90. A clear move above the $70.90 zone could send the price toward $72.00. The next key resistance is near $72.50. If the price climbs further higher, it could face resistance near $74.20. Any more gains might send the price toward the $75.00 level. Immediate support is near the $69.40 level. The next major support on the WTI crude oil chart is near $68.85. If there is a downside break, the price might decline toward $68.35. Any more losses may perhaps open the doors for a move toward the $66.00 support zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
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THINKMARKETS:WTILong
by Thief_Trader