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Crude Oil Future CFD (USD)

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CL-OIL trade ideas

WTI CRUDE OIL: 1H Death Cross suggests another Low is coming.WTI Crude Oil is bearish on its 1D technical outlook (RSI = 42.281, MACD = -0.560, ADX = 26.062) with the bearish bias evident as in the last 3 weeks the price is trading inside a Channel Down. The formation of a 1H Death Cross earlier today, draws comparisons with the October 15th one. Both price actions found a temporary support on the 1.382 Fibonacci level at the time of the Death Cross but the 1H RSI was rebounding on a bullish divergence. We expect the price to extend replicating that bearish wave and approach the 1.618 Fib eventually (TP = 66.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
Risk-on Risk-off Report, October 29, 2024October 29, 2024. Market sentiment reflects a cautious risk-off environment. Factors contributing to this include ongoing geopolitical tensions, such as the Israel-Gaza conflict and Russia-Ukraine situation, which increase market volatility and drive investors toward safe-haven assets. Currency Movements and Bond Yields: Safe-Haven Currencies: The Japanese yen (JPY) and Swiss franc (CHF) have strengthened, typical in risk-off periods. The U.S. dollar (USD) remains strong, especially against risk-oriented currencies like the Australian (AUD) and New Zealand dollars (NZD), which have weakened as investors avoid riskier markets. High-Yielding Currencies : Commodity currencies like the CAD, AUD, and NZD are currently facing selling pressure, reflecting an overall aversion to risk in forex trading. This is evident in the downtrend for AUD/USD, with further bearish sentiment expected as investors shift focus away from risk assets. Bond Yields : Short-term bond yields in the U.S., Canada, and other developed economies remain high but are starting to plateau due to concerns about long-term economic stability and potential adjustments in monetary policies. Japan’s Bank of Japan has hinted at possible rate normalization, which could see gradual rate increases ahead. Commodities: Gold: Demand for gold, a traditional safe haven, has increased, buoyed by both its safe-haven appeal and an anticipated easing in U.S. rates. The commodity’s upward trend is expected to continue, especially if risk aversion remains high. Crude Oil and Natural Gas : Crude oil prices have been volatile but are somewhat supported by constrained OPEC+ production. However, natural gas prices face downward pressure from a supply overhang in the U.S. and subdued global demand. Stock Indices: Global stock indices, including those in the U.S. (S&P 500), Europe (DAX), and Japan (Nikkei), are under pressure. The U.S. indices, in particular, are vulnerable to declining earnings outlooks and inflation concerns, making them less attractive amidst risk-off sentiment. Japanese markets reflect a similar pattern, affected by both local and global risk factors. Crypto Market: The total crypto market cap is facing headwinds, with limited upward momentum in Bitcoin and other leading cryptos, as investors remain cautious about volatile assets during risk-off periods. Meme coins, known for their speculative nature, have seen reduced interest. Influential News and Events: The Forex Factory economic calendar lists significant upcoming central bank announcements and economic data releases, with the Federal Reserve's stance on rate cuts closely watched. Bank of Japan board members have also hinted at a gradual approach to rate normalization, reflecting heightened caution in economic adjustments. In addition, global geopolitical issues, especially in the Middle East, are adding uncertainty, bolstering demand for safe-haven assets like USD, CHF, and JPY. Disclaimer: This is not financial advice. The information provided is for general informational purposes only and should not be interpreted as financial or investment advice. Always consult with a professional financial advisor before making any investment decisions.
OANDA:WTICOUSD
by AfreeBit
WTI creates a price gap, room for price declineTVC:USOIL dropped sharply in the Asian trading session today, October 28, at press time WTI crude oil maintained a decrease of 3dollars on the day, equivalent to 4.18% and is currently trading at 68.6USD/barrel. The current risk aversion in the geopolitical situation has subsided. Israel's weekend retaliatory strike against Iran bypassed Tehran's oil and nuclear infrastructure without disrupting energy supplies, easing geopolitical tensions in the Middle East and further weakening pressure on the supply side, at the same time causing disadvantages for rising oil prices. With the US election approaching and demand expected to show no signs of recovery, some fundamental pressures have returned, causing the energy market to fall into a negative state again. Technically, on the daily chart of TVC:USOIL It created a GAP jump right at the opening of trading earlier this week and recovered slightly from the upper edge of the price channel. Although WTI crude oil recovered, it still has not reached the closest support level with the target of around 67.14 - 66.44USD, so WTI crude oil still has the ability to fall further before "filling the GAP". Usually, price gaps are filled, but this is sometimes not immediate, it can happen over the next one or more months, the important thing in trading is that it depends on the trend. WTI crude oil has been under pressure from the EMA21 moving average. Note to readers in the previous issue of WTI crude oil, along with that, the Relative Strength Index broke down from the 50 level, showing that The downside potential is very wide and the slope of the RSI also shows a huge downward momentum. Technically, WTI crude oil has enough pressure to decrease in price with main resistance at EMA21 and the 0.236% Fibonacci retracement level. Along with the downtrend, notable technical levels of WTI crude oil will be listed as follows. Support: 67.14 – 66.44USD Resistance: 68.59 – 69.73 – 70.56USD
TVC:USOIL
by Xayah_trading
US-Oil will further push upside After Testing TrendlineHello Traders In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET today XTIUSD analysis 👆 🟢This Chart includes_ (XTIUSD market update) 🟢What is The Next Opportunity on XTIUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
TVC:USOILLong
by ForexMasters2000
3
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
FX:USOILLong
by ShahedZare
US OIL (WTI) - Top Down AnalysisHi Followers, Apologies for the delay in posting the charts. I am busy in testing and trying couple of things (a strategy and a Trading Style or Type). Let's get into the analysis now. I have marked the resistance and support levels @ 1D, 4H and 1H. I have used ABCD harmonic pattern, Fib and trendline in y analysis. The chart is at the moment testing an hourly resistance and has tested it twice previously, making that a strong resistance level. I have drawn fib retracement on a downward swing on an entire price range and found out that the price action has tested the resistance twice @ 0.382 level. So, if the price breaks the 0.382 level all the way up to the upper bounds of the resistance zone then according to ABCD harmonic it will be bullish. However, there can be another resistance zone between 0.5 and 0.618 fib levels. My take would be to avoid executing trade on this asset because it is sideways and may give false breakout. It would be relatively safer to execute a sell order rather than a buy order because after testing the marked resistance zone price may bounce back.
GBEBROKERS:USOIL
by MuhammadArif039
USOIL Will Go Higher! Buy! Please, check our technical outlook for USOIL. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 71.62. Taking into consideration the structure & trend analysis, I believe that the market will reach 73.20 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:USOILLong
by SignalProvider
1
Continue to short crude oilDear traders, you need to be cautious when trading. You must set stop loss and take profit for each transaction. This can better protect your account from being stuck. I will continue to update the crude oil trading strategy. API data crude oil inventory is bearish. So far, the market has not responded to the API data. That is to say, the EIA in the evening is also likely to be bearish. The continuous rise in the past few days mentioned yesterday is the abc three waves after the end of the 5th wave. Lao Li re-looked at the market today and saw that it was a 4-wave rise. The US$64.61 is the end point of the main decline of the 3rd wave. The starting point of the three waves is US$79.70. Of course, this number of waves is valid at present. Once the situation in the Middle East continues to escalate, the market will inevitably break through the starting point of the 3rd wave of US$79.70. Therefore, we must follow the real-time fluctuations of the market at any time to update the number of waves in real time. So today, Lao Li will not consider whether the situation in the Middle East will escalate, because we can't know when these guys in the Middle East will make moves again. As soon as we see the news of the start of the fight in the Middle East, we will stop shorting immediately and follow the news to make a short-term long. Therefore, today's idea is still mainly to take risks and short. 1. Go short at $75.30, stop loss 30 pips, take profit $72.50. (Short aggressively at $74.80) 2. Go long at $72.20, stop loss 30 pips, take profit $73.70. 3. If the short position of strategy 1 is stopped out, go short again at $76.15, stop loss 30 pips, take profit $74.
TVC:USOILShort
by jfqch1
1
WTI Oil H4 | Potential bullish bounceWTI oil (USOIL) ) is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 69.33 which is a swing-low support. Stop loss is at 68.46 which is a level that aligns under a pullback support and the 78.6% Fibonacci retracement level. Take profit is at 71.93 which is a swing-high resistance. 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. 64% 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. 66% 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.
FX:USOILLong
by FXCM