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Wtioil

WTI OIL giving a buy signal under this condition.Last week we saw how WTI Oil (USOIL) turned bearish long-term following the 1W Death Cross and the breaking below the 16-month Higher Lows trend-line. Even on the 1D time-frame we got a Death Cross formation with the price seemingly reaching the bottom (Lower Lows trend-line) of a newly formed Channel Down. As a result we may have a short-term buy signal but only if today's 1D candle closes in green, which together with yesterday will make it a series of green days. As you can see on the chart, every time the 1D RSI posted a Bullish Divergence (rising while Oil was falling), it posted successive 1D green candles to confirm a rebound. So the key now is to form again a streak (even 2) of green days. If not, the buy potential is invalidated. If successful though, we will target 78.00 (top of the Channel Down, +16.55% rise as the previous Bullish Leg). ------------------------------------------------------------------------------- ** 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
BRENT Crude Oil Bullish robbery PlanMy Dear Robbers / Money Makers & Newbies, This is our master plan to Heist BRENT Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
BLACKBULL:BRENTLong
by Thief_Trader
BRENT Crude Oil Robbery Plan on Bullish DirectionMy Dear Robbers / Traders, This is our master plan to Heist BRENT Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
OANDA:BCOUSDLong
by Thief_Trader
WTI OIL This is why it's going to $95.00 if the 1M MA50 helps.WTI Crude Oil (USOIL) has been practically neutral within a Triangle pattern since September 2023, trading under the Resistance pressure of the Lower Highs but at the same time supported by a Higher Lows trend-line. The latter has been placed just below the 1M MA50 (blue trend-line), which is the key to Oil's price action in the coming months. As you can see, even when the price breaks below it, Oil manages to close the 1M candle (month) above the 1M MA50. In fact the last time it closed a month below it was more than 3.5 years ago (January 2021)! As a result, if we manage to close August above it again, we expect a strong rebound for Oil. In fact, a similar Triangle pattern was spotted back in 2011 - 2013. As you can see, after several breakings but also closings above the 1M MA50, it eventually initiated a rally that hit the Resistance 2 level. The 1M RSI sequences among the two fractals are similar as well, so we find no reason why Oil won't stage a similar rally as long as the 1M MA50 keeps holding. Our long-term Target is $95.00. ------------------------------------------------------------------------------- ** 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
3
Oil Prices Slip as Gaza Talks and China Worries WeighOil prices edged lower at the start of the week, as traders weighed the potential impact of ongoing Middle East tensions and softening demand from China. Brent crude, the global benchmark, dipped towards $79 a barrel, while West Texas Intermediate (WTI) hovered around $76. The recent decline follows a turbulent week for oil markets, marked by significant volatility. Prices had shed nearly 2% on Friday as investors grappled with concerns over China's economic recovery and the potential implications for global oil demand. The world's second-largest economy has shown signs of weakness, with data indicating a slowdown in industrial activity and consumer spending. This has raised doubts about China's ability to drive oil consumption growth. Meanwhile, the ongoing conflict between Israel and Hamas in the Gaza Strip continues to cast a shadow over the energy market. While diplomatic efforts to broker a ceasefire have intensified, the situation remains volatile, and the potential for disruptions to oil supplies in the region cannot be ruled out. The geopolitical risk premium, which has supported oil prices in recent months, could diminish if a ceasefire is achieved. Analysts caution that the oil market is likely to remain volatile in the near term, as traders navigate a complex interplay of factors. On one hand, the potential for supply disruptions due to geopolitical tensions could underpin prices. On the other hand, weakening global economic growth and efforts to transition to cleaner energy sources could exert downward pressure. Looking ahead, investors will be closely monitoring developments in the Middle East, as well as economic indicators from China and other major economies. Any escalation of the conflict or further signs of weakness in the Chinese economy could lead to renewed volatility in the oil market. Ultimately, the price of oil will depend on the balance between supply and demand. While the market has experienced periods of tightness in recent months, concerns about slowing demand growth may start to weigh on prices if they materialize.
OANDA:WTICOUSDShort
by bryandowningqln
WTI OIL - 4H Bullish AgainBLACKBULL:WTI has shown signs of completing its recent correction phase, setting the stage for a potential bullish move. Technically, after a strong upward surge driven by bullish momentum, TVC:USOIL entered a two-leg correction that appears to have found support. This could suggest that the price is ready to continue its upward trajectory from the current support zone. Fundamentally, oil prices have been supported by several factors over the past week. Ongoing supply cuts from OPEC+, especially from Saudi Arabia, have tightened the global oil market. Additionally, expectations of increased demand, fueled by economic resilience in key markets like the US and China, have contributed to upward pressure on prices. These combined factors could further bolster WTI’s next move to the upside.
BLACKBULL:WTILong
by Sober_Trading
WTI recovered after hitting a 2-week low TVC:USOIL prices recovered after hitting a nearly two-week low after a surge in U.S. refining activity last week pushed gasoline and crude inventories down more than expected. US crude inventories fell 3.4 million barrels in the week ended July 5 to 445.1 million barrels, far exceeding market expectations for a decline of 1.3 million barrels. Gasoline inventories fell 2 million barrels to 229.7 million barrels, much higher than market expectations of a decline of 600,000 barrels during the July 4 holiday week. EIA data showed distillate inventories, which include diesel and heating oil, rose 4.9 million barrels to 124.6 million barrels, compared with forecasts for an increase of 800,000 barrels. EIA said crude inventories at the Cushing, Oklahoma distribution center fell by 702,000 barrels last week. EIA said refinery processing capacity increased by 317,000 barrels per day last week and capacity utilization increased by 1.9%. Gulf Coast refinery capacity utilization reached its highest level since June 2023. Federal Reserve Chairman Jerome Powell said he is not ready to declare inflation defeated, but he believes the US is still on track to achieve stable prices and low unemployment. The Federal Reserve will make interest rate decisions "as needed," downplaying suggestions that a September rate cut could be seen as a political move ahead of the presidential election in the fall. Investors are betting on an interest rate cut in September, which could boost economic growth and oil demand. Expectations that the Fed will cut interest rates by 25 basis points in September rose to 74% from about 70% on Tuesday and 45% a month ago, according to CME FedWatch data. OPEC on Wednesday maintained its forecast for relatively strong global oil demand growth this year and next, saying resilient economic growth and air travel would support summer fuel use. However, news about the geopolitical situation can still put pressure on oil prices. The Israeli delegation arrived in Doha to hold four-party negotiations on a ceasefire in Gaza. This trading day will focus on changes in the US CPI and initial jobless claims in June, as well as speeches from Federal Reserve officials and news related to the geopolitical situation. The general market focus still revolves around macro data, inflation, Fed, interest rates, and geopolitical situation. Technical outlook analysis of TVC:USOIL On the daily chart, after WTI crude oil corrected to the downside, it took support from the 21-day moving average (EMA21) to rebound, and the upside recovery is also being limited by the Fibonacci retracement level. retreat 0.236%. If WTI crude oil can continue to recover to take price action above the 0.236% Fibonacci retracement level, it has the conditions to continue to increase in price with a target level then around 84.43USD in the short term. Meanwhile, as long as WTI crude oil remains within the price channel and above the EMA21, it still has a bullish technical outlook. For the bearish case, WTI crude oil sold off below the 0.382% Fibonacci level, this also confirmed the trend price channel was broken to give way to a downtrend with a target of around 77.70USD. During the day, the technical trend of WTI crude oil is bullish with notable technical levels listed as follows. Support: 81.24 – 80.04USD Resistance: 82.94 – 84.43USD
TVC:USOIL
by Xayah_trading
Factors supporting WTI crude oil, weekly outlook analysisThis week, the crude oil market, especially WTI crude oil, experienced a series of fluctuations, ultimately ending the weekend trading session with a slight decrease in WTI crude oil futures prices. Despite pressure from a stronger US Dollar, growing US oil demand and falling fuel inventories supported crude markets, while geopolitical tensions added to market uncertainty. The strength of the US Dollar has had a significant impact on the crude oil market. The dollar hit a seven-week high against major currencies, making dollar-denominated crude more expensive for holders of other currencies, potentially curbing oil demand. Global. However, strong US economic activity, especially business activity hitting a 26-month high in June, has provided some support to oil demand. WTI crude oil increased 3.23% this week to 80.52 USD/barrel. Brent crude oil increased 2.53% this week to $84.18/barrel. Supply and demand dynamics: Data from the US Energy Information Administration (EIA) showed that total petroleum product supply increased significantly last week to 21.1 million barrels per day, indicating that the US oil market is tightening. The arrival of the summer driving season, along with falling inventories, has pushed U.S. gasoline futures higher, reflecting growing demand. Geopolitical factors: Geopolitical tensions, especially the conflict between Israel and Lebanon and Houthi attacks in the Red Sea, have added pressure on crude oil markets. These events have raised concerns about supply disruptions, which could pressure oil prices. General opinion: Rising oil demand over the summer and rising geopolitical tensions in the Middle East are likely to be key factors that continue to drive crude oil markets, especially WTI crude. In addition, readers also need to pay attention to outstanding developments in the Fed's monetary policy because it will also affect oil prices because crude oil is priced in US Dollars. Technical outlook analysis of TVC:USOIL On the daily chart, WTI crude oil is gaining important upside potential with an uptrend formed and noticed by the price channel. On the other hand, WTI crude oil is still stable above the 0.382% Fibonacci level, showing the possibility that it will continue towards the next Fibonacci level at 0.236% in the near future. Along with that is support from the EMA21 moving average. In the short term, as long as WTI crude oil remains within the price channel, above the EMA21, and the RSI has not reached overbought levels, it still has a bullish technical outlook. Notable levels will be listed again as follows. Support: 80.04 – 77.70USD Resistance: 82.94USD
TVC:USOIL
by Xayah_trading
Texas Oil to continue in the downward move at market price?WTI - 24h expiry Our short term bias remains negative. Our bespoke support of 77.06 has been clearly broken. Previous support at 77.50 now becomes resistance. We look for a temporary move higher. We look for losses to be extended today. We look to Sell at 77.50 (stop at 78.30) Our profit targets will be 75.50 and 75.15 Resistance: 77.13 / 77.50 / 78.00 Support: 76.60 / 75.80 / 75.4 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:WTICOUSDShort
by OANDA
WTI Oil - 4HWTI oil completed its second bullish leg and has now formed a reversal setup. The price action shows that WTI missed the ascending channel support and is currently consolidating below the previous support zone, which has now turned into a resistance level. This suggests a potential bearish outlook as the price struggles to regain upward momentum. With the recent break of the ascending channel, it is expected that WTI may continue its downward trajectory. The consolidation under the new resistance zone indicates seller strength, and further declines could be seen if the price fails to break back above this resistance. Traders should watch for key support levels around $81 and $78 for potential buy signals or continuation of the bearish trend.
BLACKBULL:WTIShort
by Sober_Trading
WTI Crude Oil Bearish Heist Plan to make moneyMy Dear Robbers / Traders, This is our master plan to Heist WTI Crude Oil Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing High using 4h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
BLACKBULL:WTIShort
by Thief_Trader
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
WTI OIL Rejected on the 9-month Resistance. Still good to sell.Last week (July 02, see chart below) we called for a short-term correction upon a potential Lower Highs rejection on WTI Oil (USOIL): As you can see, the strong rejection was materialized last Friday on that 9-month Resistance, and the long-term Triangle pattern is technically looking for a 0.618 Fibonacci retracement level test. Zooming out on the 1W time-frame, we can see even more relevant info. During the previous two 0.618 Fibonacci pull-backs, the price also hit the 1W MA200 (orange trend-line), which has served as Oil's long-term Support in the last 3.5 years (since February 01 2021). The only time it closed a 1W candle below the 1W MA200 during this time span was recently on the week of June 03 2024. As a result, besides the 0.618 Fib, we expect the 1W MA200 to be tested also, so depending on the decline's strength, we may have to move our 77.00 Target a bit higher (e.g. 78.00). It has to be mentioned though that the decline to the 0.618 Fib during the past 2 corrections has been dealt within a week. So technically we should be expecting an aggressive move this week. ------------------------------------------------------------------------------- ** 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:USOILShort
by TradingShot
2
WTI - 1H Bullish SignsBased on the previous 15-minute analysis and the current 1-hour chart, WTI Crude Oil is showing strong support around the $83.00 zone. This area has acted as a significant support level, and the price has bounced off it, indicating a potential buy opportunity. On the 15-minute chart, the price had a brief consolidation phase within the support zone before showing signs of upward momentum. This aligns with the 1-hour chart, where the price is currently attempting to rise from the same support area. The consistency in this support zone across different timeframes strengthens the bullish outlook. Currently, WTI Crude Oil is poised to continue its upward movement from the support level, targeting higher resistance levels. Traders should look for confirmation of this bullish trend with potential higher highs and higher lows forming on the 1-hour chart. If the price maintains its support above $83.00, it could provide a favorable risk-reward ratio for long positions, aiming for the next resistance levels around $84.00 and beyond. In summary, the support zone around $83.00 has held well, and the current bullish momentum suggests a buying opportunity in WTI Crude Oil, with an eye on higher resistance levels in the near term.
BLACKBULL:WTILong
by Sober_Trading
WTI Crude Oil - 4H Still BullishWTI Crude Oil shows promising bullish momentum as it consolidates above a key static support zone, indicating potential for further gains. The price action demonstrates two major bullish legs, with the current position in the middle of the second major leg, suggesting continued upward movement. Additionally, the presence of a second minor leg forming suggests that the bullish momentum might lead to a breakout, propelling prices to higher targets. Traders should monitor the minor leg’s completion and potential further advances in the price of oil, taking advantage of the bullish trend.
TVC:USOILLong
by Sober_Trading
WTI support continues to attract buyers.WTI - 24h expiry Bespoke support is located at 80.70. Offers ample risk/reward to buy at the market. Our short term bias remains positive. 50 4hour EMA is at 80.73. 80.59 has been pivotal. We look to Buy at 80.75 (stop at 79.95) Our profit targets will be 82.75 and 83.25 Resistance: 81.50 / 82.24 / 83.00 Support: 80.50 / 79.50 / 79.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:WTICOUSDLong
by OANDA
Crude oil eyes $80, but resistance loomsWTI is on track for a bullish engulfing week to snap a 3-week losing streak. And as it fell over 17% from the April high, it could pave the way for further gains in the coming weeks. However, there are plenty of resistance levels around the $80 that could spur bears from the side lines. The May VPOC and VAH sit around Wednesday's high, and the monthly R1 and weekly R2 near the May high. So whilst another crack at $80 seems more likely than note, the $80 area could be an interesting area to fade into. Strong support sits around $75.50, making it a viable target for bears and area for bulls to reconsider entering for an anticipated move above $80.
NYMEX:CL1!
by CityIndex