CL-OIL trade ideas
USOILForex trading involves higher leverage (up to 50:1) and 24/5 market access, focusing on currency pair movements affected by economic data, interest rates, and geopolitical events - the key risk is that high leverage can quickly amplify losses, plus overnight positions face swap fees and gap risks during major news. Stock trading typically offers lower leverage (2:1 to 4:1), operates during exchange hours, and focuses on company fundamentals, earnings, and broader market sentiment - main risks include earnings surprises, market volatility, and lower liquidity in individual stocks compared to major forex pairs, while key advantages include better transparency through public financial reports and generally lower spreads than exotic forex pairs.
Oil Markets Into Monday This Week (18th Nov)Oil has continued to be subdued post election, with no real demand feeding into it.
Price action consists of strong momentum south side into key area(s) seen previously for longs.
For that reason, I hold a long bias, but only lightly as we are rushing back to lows (no clear strength/investor willingness) and current price action represents the same story (higher chance of low break).
NOT breakout shorting. Just awaiting further longs lower (DCA).
USOIL FORECAST Q4 FY24 - FY25monthly timeframe just to show em we the big dogs
The last post was short lived lasted a month then went to the bears
in this analysis i see price going up higher for longer in the long run as i anticipate
some serious global tensions to follow through, wont speculate on conspiracies only prices
that said price didnt break our level yet again and from 12/22 to now price was in an accumulation distribution range as the big money slowly but sure buy up more inventory
hidden in plain sight
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Trade opportunity in Crude on 18th November 2024This is an intraday trading opportunity in WTI Crude based on the Support and Resistance levels. The time frame used is 15 minutes and both the Upper and Lower targets are clearly marked once the resistance / Support levels are broken on a 15 minute time frame candles.
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Always keep a comfortable Stoploss and use the trailing stoploss method to de-risk your trade
CRUDE OIL TIME TO BUIY|LONG|
✅CRUDE OIL is going down now
But a strong support level is ahead at 65.50$
Thus I am expecting a rebound
And a move up towards the target at 67.69$
LONG🚀
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US Oil Finds Support: Bullish Divergence in PlayUS oil prices are currently finding strong support and forming a bullish divergence. This technical pattern suggests a potential upward movement.
USOIL: Expecting Bullish Continuation! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the USOIL pair which is likely to be pushed up by the bulls so we will buy!
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USOIL Will Go Lower From Resistance! Short!
Please, check our technical outlook for USOIL.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 66.952.
Taking into consideration the structure & trend analysis, I believe that the market will reach 66.542 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USOIL: Local Correction Ahead! Sell!
Welcome to our daily USOIL prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 66.522
Wish you good luck in trading to you all!
plan to trade USOIL if it goes further down or reverse the trendcurrently, the price of USOIL is at quite a strong support level which has not been broken in the last couple of years but the trend is overall bearish the trendline has also been tested 2-3 times but remained intact. Right now the price has been in the range for quite some time but if it breaks the drawn support level it will go down sharply. Traders who want to sell must get confirmation of the broken support level. On the other hand, those who want to buy should wait for the price to break the trendline and make new HH and HL.
Clean sell incomingClean sell incoming, In Crude, to clean out the old Lows below. in the coming week.
Take TP, At prime lows,,, don't leave empty handed if in case the trade take a U-turn
WTI 68.6 d.p. reject / 66.3 below!11.15.24 WTI / USOIL / CL Plan
The 69.4 - 68.5 area has proved tough resistance. Long aren’t currently favourable, unless a retest shows a daily pivot reversal off 68.00 once more.
Price has rejected the 68.62 d.p. thus it’s likely to see bigger selling towards 66.30 (monthly 200 ema) as the 68.00 level is broken.
Buy opportunity on USOILHello,
We've identified a huge current opportunity to buy USOIL with a high probability in a few HOURS (Day trade).
Ibrouri
WTICOU Play's So ive been watching this Pair for a while now, There could be a great opportunity here if this continues to change direction & switch to bullish. Its forming a bottom structure
Oil To Continue To Lows?Post Election we have seen a waning demand for oil, with the last Administration keeping it at sustained lower prices.
Despite a turnaround somewhat in sentiment on the day, there has been no enormous follow through of oil inflows so far.
Momentum comes into today to the upside, but not willing to short until there is something significant to the upside.
USOIL BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
USOIL pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 68.98 area.
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WTI oil making its way to lowest point of this year?The commodity is near a key are of support right now, so let's see if today's US economic data can continue boosting the US dollar. If so, WTI oil may end up traveling further south.
EASYMARKETS:OILUSD TVC:USOIL
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Potential bearish drop?USO/USD has reacted off the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 69.05
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 70.48
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 66.91
Why we like it:
There is a pullback support level.
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USOILUS Oil is another name for West Texas Intermediary (WTI) Crude Oil. WTI is the benchmark for Atlantic basin crude oils because of its location in the Gulf coast and central US. The US oil is traded on the New York Mercantile Exchange (NYMEX).
