US/OIL Resistance Rebound (potential for higher moves)Minor fall in Oil leading to some gains taken.
Requiring larger falls for any re-buys. Sentiment sustaining up move due to middle east tensions.
Levels of note labelled.
CL-OIL trade ideas
USOIL TF 4H 81024wait till price come into the zone and break out with big green/red candles
entry (TF 2h,4h)
SL at previous low/high
TP at Fibonacci
Oil Poised to Rise Further Amid Middle-East CrisisOil Poised to Rise Further Amid Middle-East Crisis
In this video, I provide a detailed analysis of the potential price development of oil from both a fundamental and technical perspective.
Yesterday Biden commented that they were negotiating with Israel about attacking Iran's oil facilities.
What's Next? Is the OIL Growh supported also by a technical perspective?
You may watch the video for further details!
Thank you and Good Luck!
Oil Prices Surge Amid Middle East TensionsOil Prices Surge Amid Middle East Tensions
Oil prices extended their gains, with Brent crude nearing $80, building on last week’s steepest weekly jump since early 2023. This surge is driven by fears of a wider Middle East conflict and potential disruptions to exports from the major oil-producing region.
Israel has issued several warnings about targeting Iran’s oil tanks, significantly contributing to the rising oil prices. This marks the first time in a long period that oil prices are aligning with fundamental factors, considering OPEC’s previous control over prices despite the ongoing conflicts involving Israel, Hamas, and Lebanon.
The mere news of a possible attack on Iran’s oil tanks has supported the rise in oil prices above $72.50, and further increases are likely.
You can find more details on the chart!
Thank you and Good Luck!
Bullish reversal off overlap support?WTI oil (XTI/USD) is falling towards the pivot which is an overlap support and could reverse to the pullback resistance level.
Pivot: 74.75
1st Support: 73.07
1st Resistance: 78.53
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Sell USOILSPOT FX:USOILSPOT
When the 11 am candlestick closes, we wait for the candle to break H and close at least 10% above it, then we enter a direct sell.
TP 1600 PIP
SL 450 PIP
USOIL confirm buy? USOIL confirm buy? with double bottom daily confirm? and trendline breakout?
Buy 1 : 75.347
Buy 2 : 74.000
SL : 73.311
Disclaimer on.
Another Long on OilBreaking highs from today, took entry off 30min close above resistance. Looking for 40-50c up from here. Oil is bullish since mid east conflicts and worries about shortages.
CRUDE OIL TO HIT ATH OF $160?! ⭕️Wave 3 Impulse Move Complete.
⭕️Wave 4 (3 Sub-Wave) Correction Complete.
⭕️Wave 5 (Wave I & II) Complete. Wave III In Progress.
OIL_CRUDE/LONGThe whole world is waiting for Israel's response, and there is no doubt that they will respond to the attack on them. The main question is whether they will hit Iran's oil fields EXACTLY. Until tensions begin to ease, prices will remain high with an upward trend.
In theory, prices could go up quite a bit and we could even see triple digit oil prices if the oil wells get hit.
USOILUSOIL is in reversal mode.
Bearish divergence also shown in RSI.
We wait for the further confirmation if it will break the last LL.
Then we will execute trade.
CRUDE OIL TO HIT $160?! (UPDATE)Oil prices are up currently up 9% so far from our green, supply zone. Despite that we are still at the START OF THE BULL (BUY) RUN. We are nowhere near the top, so diversify your portfolio & take advantage! Huge buying momentum for the market over the past few weeks, showing you the possibility of which way Oil prices are heading.
Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
Pushing higherOil prices were sharply higher this morning, building on last week’s gains. Last week, front-month WTI recorded its strongest week since March last year, tacking on over 9%. In fact, from last Tuesday’s low to this morning’s high, WTI is up 14%. The turnaround has come on the back of escalating hostilities across the Middle East. The biggest concern is that Israel now targets Iran’s oil refineries and other energy infrastructure. This would crimp supply, but also mark a huge step up in hostilities between these two major players. Yet there are still powerful forces weighing on crude prices. Supply remains plentiful, with OPEC+ continuing to hold back production to keep prices elevated. Meanwhile, it’s the US which is now the world’s biggest producer, and not restrained by OPEC+ rules. The demand growth outlook remains uncertain, particularly where China is concerned. The Chinese economy continues to suffer as it deals with the collapse in its property market. Recent stimulus has helped feed the rally in crude. But investors are also considering how alternative energy sources will affect future demand for crude. Not just renewables, but also natural gas, which despite a recent pick-up in prices, remains historically cheap relative to oil.
USOIL - BULLISH DOUBLE BOTTOMHello Traders !
On the daily time frame, The USOIL reached a strong support level (63.61 - 66.67).
The price formed a double bottom pattern.
Currently, The neckline is broken !
So, I expect a bullish move🚀
_________________
TARGET: 75.80🎯
USOIL Short - You're Too BullishMajor HTF Levels awaiting you at the swing high while majority is long. What could go wrong?
WTI Oil H4 | Potential bullish breakoutWTI oil (USOIL) is rising towards a potential breakout level and could climb higher from here.
Buy entry is at 75.11 which is a potential breakout level.
Stop loss is at 72.75 which is a level that lies underneath a pullback support.
Take profit is at 78.62 which is an overlap resistance that aligns close to the 78.6% Fibonacci projection level.
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Hellena | Oil (4H): Short to support area at 64.617.Dear colleagues, it seems that the price is in a downward movement and at the moment the price is forming wave “2” of lower order.
I assume that after the formation of wave “2” (72.299), the price will start to form wave “3” of lower order.
The nearest target is the support area at 64.617.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USOILThis trade idea outlines a short opportunity on USOIL, targeting a potential decline in price. Market conditions suggest a possible pullback or correction, offering a favorable risk-to-reward scenario. Entry, Take Profit, and Stop Loss levels are clearly marked on the chart to guide execution and risk management. As price approaches key resistance areas, this setup aims to capture the downside move while maintaining strict risk control.
USOIL💹
Outlook: Starting out with the 5hr chart, price has been accumulating all last week. Price has shown a valid correction and has re-accumulated. I am now scaling down to the 30m chart and waiting for price to show me bullishness and impulse above the 10 and 20emas before I scale down to my 5m entry timeframe.
Bias: Bullish but needs time on the 30m time frame to show conviction above the 10 and 20emas.
New To Marking Up OilI just started really marking up Oil. So my confidence is still growing. But Im watching to see if the market breaks this green trend line or respects it.
Market Retest at 72.09 Before Upward Move to 82.712"The market is expected to drop to 72.09 for a retest before reversing direction and moving upward, potentially reaching 82.712.
usoilusoil will continue up swing based on the structure of the market.
oil is going long dont get it wrong
USOILOIL price to be on the bullish based on the weekly candle breaking long term resistance.
i expect oil to go long, the geopolitical tension in the middle east could set a massive buy rally for usoil.
