Bearish drop?USOUSD is rising towards the resistance level which is an overlap resistance that aligns with the 23.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 69.06
Why we like it:
There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 71.26
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Take profit: 65.90
Why we like it:
There is a pullback support level.
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CL-OIL trade ideas
WTI Oil H1 | Bearish downtrend to resume?WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 68.28 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 68.90 which is a level that sits above an overlap resistance.
Take profit is at 66.21 which is a swing-low support.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USOILUOIL is in reversal zone
Bullish divergece also shown in RSI.
This shows that oil price will goes up form here.
we wait and watch for the breakout of last LH.
Oil Rises on Middle East Tensions Capped by Weak Chinese demandCrude Oil Prices Recover Amid Escalating Middle Eastern Conflict, Weak Chinese Demand Caps Gains
Crude oil prices have found support following a larger-than-expected U.S. interest rate cut, and further escalation of the Middle Eastern conflict could drive prices higher. However, weak demand from China continues to limit potential gains.
Technical Outlook:
As long as the price remains below $71.78, it is expected to stay within the bearish zone, with a potential decline of $68.80. However, a break above $71.78 would signal a bullish shift towards $72.72 and potentially $75.00.
Key Levels:
Pivot Point: 71.35
Support Levels: 70.60, 68.80, 67.70
Resistance Levels: 72.72, 74.25, 75.35
Expected Trading Range: 71.80 - 68.80
Trend: Bearish while the price remains below 71.78
WTI LONG I've decided to open a new long position in oil FPMARKETS:WTI , despite the odds not being particularly favorable. My reasoning is based on observing strong support at the daily Fair Value Gap (FVG), which I had been waiting for to confirm a solid reaction before entering.
On the weekly chart, the outlook leans more bearish, and this week’s performance will be crucial in determining the market's clear direction.
While the 1-hour chart shows a decent reaction, it’s from a lower timeframe, which doesn’t carry much weight in terms of broader market strength.
Looking at the daily timeframe, the market structure is not encouraging. We’ve seen a consistent pattern of lower swing lows, adding pressure to the overall setup.
Trading management
However, on the 15-minute chart, this trade aligns perfectly with my approach: stop-loss just below the wick, as the candlestick has shown strong respect for this level. My take-profit is targeting liquidity on the buyer’s side. I plan to take partial profits at $71.46 and move my stop-loss to break even.
71.46-->RR: 4.19
74.24-->RR: 7.54
Capital risk: 1%
Crude turns lowerOn the first Tuesday of this month, when traders returned after the long US Labor Day weekend, front-month WTI slumped below $65 per barrel to hit its lowest level since May 2023. This proved to be the culmination of a 23% decline which began in early July. Oil was very oversold, and prices subsequently turned higher, but not aggressively so. In fact, it took a fortnight for WTI to get back above $72 for a total gain of 11%. Two days after this most recent high, crude is back below $68, for high-low swing of over 7%. In other words, it has taken just two days to wipe out over 60% of the gains which took two weeks of grind to build. As with most things in life, it’s so much easier to knock something down than to build it. Now crude is in an interesting juncture. Could this just be a straightforward correction ahead of a more protracted, and larger, turn higher? Or is it the first leg in the resumption of a bear market? It appears that Saudi Arabia’s decision to ramp up production and abandon its $100 price target triggered the latest sell-off. But it also seems apparent that as far as oil traders are concerned, there’s zero belief that China’s proposed stimulus measures announced earlier this week, will do much to bolster the country’s ailing economy.
WTI USOIL Buying Opportunity HYELLO FRIENDS as i can see us oil is trading in uptrend channel and now testing a strong support zone its a great opportunity to buy us oil till design TP today crude oil inventories can boost this trade idea its just an idea share Ur thoughts with us it helps many other traders
USOIL: A bunch of Fib retracements + previous structureI think the title and chart says it all.
Short entry at 72.3
Target 68.4
USOIL - Near his resistance? Holds or not??#USOIL... market retest his monthly resistance in yesterday and closed below that.
And the ressistance was 72.35 around.
Keep close that area because if market hold it then drop expected below that.
Good luck
Trade wisely
USOIL / TRADNING ABOVE SUPPORT LEVEL AT 67.19 - 4H USOIL / 4H TIME FRAME
HELLO TRADERS
Price Decline of 7.16%: The analysis suggests that there has already been a price drop of 7.16%. This could be the starting point for further analysis or an event that has already occurred.
Breaking and Stabilizing Below 67.19: The level 67.19 seems to be a significant support or resistance point. If prices break below 67.19 and stabilize, it indicates a bearish trend. This might suggest that further declines are likely.
Further Decline of 9.71%: Should the price fall and stabilize below 67.19, the analysis anticipates an additional 9.71% decline.
Current Trading Above 67.19: Presently, prices are still above the 67.19 level, signaling that the market has not yet broken this key point.
Expected Increase of 10.36% : The text predicts an upward movement of 10.36%, potentially implying bullish momentum if the price continues to hold above 67.19.
Possibility of Further Increase: There’s a suggestion that the price could rise even more beyond the 10.36% increase if current trends hold.
Technical Analysis:
Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 67.19, the bullish momentum is expected to continue.
Upward Condition:
- Target 1: If the price trades above 67.19, it's expected to rise to 71.51.
- Target 2: If the price stabilizes above 71.51, the next target is 72.16.
Downward Condition:
- If the price falls below 67.19 , it suggests a potential decline:
- Target 1: A decline to 65.34.
- Target 2: If it breaks below 65.34, further decline is expected to 63.93.
Oil Short Term Sell IdeaH1 - Strong bearish momentum
Lower lows
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
CRUDE OIL longthe price of Oil just reached a weekly demand level and formed a bullish weekly candle which means from my trading analysis perspective the Oil has to breath and hit the 74.10 , m expecting the next days to be bullish on Oil , keep ur eyes on it
WTI Oil H1 | Downward momentumWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 68.70 which is a pullback resistance.
Stop loss is at 70.10 which is a level that sits above the 50.0% Fibonacci retracement level and an overlap resistance.
Take profit is at 66.21 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Rejected Day Resistance Sell 4H below 200maRejected Day/week Resistance Sell 4H below 200ma 1.5 Ratio
Usoil to head higher...Oil has price has been selling lower until a month supply zone was mitigated. Ever since oil has been bullish, yesterday oil price started to head lower. This low move is expected to test the previous low. If price fail the low, buy order are expected to be at 65.71 to 65.45. This to target the newly created high.
USOIL WTI Technical Analysis and Trade Idea👀 👉 USOIL WTI recently broke structure to the down side, as seen on the 4H timeframe. In this video, we closely examine USOil, discussing the trend, market structure, and price action. We also explore a potential trade setup.
**Disclaimer:** Forex trading involves significant risk, and market conditions can change quickly. The information provided is for educational purposes only and should not be considered financial advice. 📉✅
Short TradeWhat we have here is a rising channel pattern, we have had a breakout and retest, this is the perfect condition to go short
WE ONLY TRADE PULLBACKS
OIL Long - Up & DownMajority is still long however turning slowly into bull mode. We peaked some liquidity spot on the past so I expect some movement up before further declining.
USOIL may fall below 64.7On the daily chart, USOIL is currently running below the downward trend line, and the bearish trend is obvious. At present, attention can be paid to the resistance near 69.3. If the rebound is blocked, short selling can be considered. Pay attention to the area near 64.7 below. If it falls below, it is expected to open up downward space.
WTI Crude Oil 4H Long – Targeting 0.5-0.7 Fibonacci LevelsWe’re seeing a breakout on the 4-hour chart for WTI Crude Oil, presenting a potential long trade setup. The price is targeting the 0.5 to 0.7 Fibonacci retracement levels. However, we may experience a retest of the breakout level before the trade fully reverses and moves towards the targets.
Technical Analysis:
• Breakout Confirmation: The recent price action has broken through resistance, indicating a potential shift to bullish momentum.
• Fibonacci Levels: The 0.5 to 0.7 Fibonacci levels are key areas of interest, aligning with possible resistance where the price might stall or reverse.
• Retest Potential: There’s a possibility that the price could retest the breakout zone before resuming its upward movement, which is a common pattern following breakouts.
Trade Setup:
• Entry: Consider entering a long position either at the current level or on a potential retest of the breakout zone.
• Target: The primary targets are the 0.5 to 0.7 Fibonacci levels, which represent areas where we may see the price consolidate or reverse.
• Stop-Loss: Place the stop-loss below the recent low to protect against a false breakout. Since this is a swing trade on a 4-hour chart, be prepared for the trade to develop over a few days, potentially extending into weeks.
Risk Management:
• Position Sizing: Adjust your position size to account for the potential duration of this swing trade, ensuring that you’re comfortable with the longer timeframe and any market fluctuations that may occur.
• Trailing Stop: If the trade moves in your favor, consider using a trailing stop to lock in profits while allowing the trade to continue running towards the target levels.
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.
Oil Is On A SLIPPERY Slope!You get it, because oil is slippy and price is going down? Just ignore my terrible dad jokes.
$63.50 is an area i can see price pushing down to, we have had the classic break and retest of a key area already ($72) In August of this year price used this level as strong support pushing up $10 and $7 dollars respectively before breaking through! Again it made a $7 move once it broke below the $72 level before coming back up to retest this broken support as resistance yesterday.
We have already had a nice little push down today and over the next few weeks we will see this continue down to our $63.50 level. Why is this level significant? Because if you go onto the monthly chart you will see this level has been very well respected both as support and resistance historically.
$72 would obviously have been the perfect time to enter but unless you have a time machine you wont see this post till today, so now is still a good entry point as long as you are not over risking to allow for a little correction.
Important update WTI. H4 26.09.2024WTI Important update
Past WTI oil buys didn't manage to get fully developed and the overall correction ended near the nearest resistance at 72.00. On the downside, large volume was poured at 69.65 and eventually gave a push to the downside, thus forming a sellers zone. I believe the overall upward correction is over and will break the lower boundary with downside potential to 64.50 to the block option spread. Then we will watch the culmination below if given, but for now selling is the priority.
BLACKBULL:WTI
USOIL SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
Bullish trend on USOIL, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 71.55.
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