68+66+64 incoming More Shorts from 70..1St Tp 68..2nd Tp 66..and 3rd Tp 64.. Good luck and safe trade
OILUSD trade ideas
USOILUSOIL price is in the correction period. Now the price is near the support zone 67.91-66.93. If the price cannot break through 66.93, it is expected that the price will rebound. Consider buying the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
Usoil Triangle fakeoutIts seems so weird for usoil to keep going down, but looking things from political side it should be going up. IMO its should be quiet high probability that we could see bullish rally after sweep of the lows.
Bullish bounce off pullback support?WTI oil (XTI/USD) is falling towards the pivot which has been identified as a pullback support that lines up with the 50% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 68.32
1st Support: 66.77
1st Resistance: 70.98
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USOIL Will Go Down! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 69.181.
Considering the today's price action, probabilities will be high to see a movement to 63.975.
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.
Like and subscribe and comment my ideas if you enjoy them!
US Elections and USoil chart
After previous US elections all times Oil prices increase but in 2012, 2016 it increase for some level and then drop.
So looking at the previous chart data we expect increase 68$ to 94$.
and then maybe it drop because of EVs and global warming.
USOIL SHORT FROM RESISTANCE
Hello, Friends!
USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 66.46 area.
✅LIKE AND COMMENT MY IDEAS✅
WTI is still not done. This WTI up move is being very constructive & structured. very bullish
The down moves have little to no structure and when it appeared at resistance it was quickly denied and used as support. very bullish
(Brent) oil prices to stay supported above the $70 level.We may expect (Brent) oil prices to stay supported above the $70 level for now, as market participants continue to monitor the geopolitical developments," said Yeap Jun Rong, market strategist at IG.
The war between Russia and Ukraine in focus after Moscow's nuclear threat
Rising tensions between Russia and Ukraine were the biggest support point for Brent, as safe-haven demand rose after Moscow lowered the threshold for nuclear retaliation over Ukraine attacks.
By 03:45 ET, U.S. crude futures ( VTI ) were up 0.5% at $69.58 a barrel, while the Brent contract was up 0.4% at $73.61 a barrel.
The US embassy in Kiev was closed earlier on Wednesday after warnings of a possible strike.
20-11 OilThe unrest in the world is causing more use of raw materials. Since the beginning of this week, after the tension between the US and Russia increased again, oil has been rising. We are now entering with a small position and will increase this as the long trend increases further. First entry point 70.035.
Hellena | Oil (4H): Short to 100% Fibo lvl 62.238.Colleagues! If we believe the wave pattern, the price is now in a strong impulsive downward movement.
I believe that the price will renew the lows and rush to the area of 100% Fibonacci extension to the area of 62.238.
Wave 3 lower wave should be completed there.
But we should not forget that the price is in wave 3 of the higher and middle order, which means that there are more chances for a downward movement!
There are 2 possible courses of action:
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
WTI H1 | Bullish Reversal Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 68.24, which is a pullback support close to 50% Fibo retracement
Our take profit will be at 70.11, a pullback resistance.
The stop loss will be placed at 66.95, which is an overlap support level.
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, previously FXCM EU 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.
Usoil trade setupWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.30 on Wednesday. The WTI price trades flat after Ukraine used US ATACMS missiles to strike Russian territory for the first time.
On Tuesday, Russia’s defense ministry said that Ukraine hit a facility in the Bryansk region with six ATACAMS missiles. In response, Russian President Vladimir Putin lowered the threshold for a possible nuclear strike. The rising geopolitical tensions could boost the WTI price for the time being. "This marks a renewed build up in tensions in the Russia-Ukraine war and brings back into focus the risk of supply disruptions in the oil market," ANZ Bank analyst Daniel Hynes said.
Buy opportunity on USOIL Toward 71$Hello,
We've identified a huge current opportunity to buy USOIL with a high probability and a favorable risk-reward ratio of over 2 in the 2-hour chart. Our target is $71 within a few days (Swing trade).
Ibrouri
Will Oil see a rally in December and give an EOY push?Oil is in a cool spot right now where bulls have and are continuing to buy the dip around $67/brl. If this continues this can be a local bottom for the winter IMO as crude seasonally has a strong December/EOY.
Seasonality doesn't always have 1:1 correlations but over 30 years it has shown a strong positive correlation to an upward move in Oil and energy.
Oil Market Outlook: Bearish Options FlowA few words about the prospects of oil through the lens of options trading.
The sentiment is leaning more bearish than bullish. We're seeing a surge in vertical spreads and butterflies on puts, targeting the $65-60 range for February-March 2025.
If we look at the charts, the price action resembles a 'settling' at the support level of $65-66.
It’s looking like we might see a support break, potentially a swift one, which could send prices down to a lower range, just like we've seen in the past.
But for now, this is just a theory based on price action and the options flow.
USOIL:Long after the pullback trading strategy
Crude oil yesterday is also strong pull up, the overall bullish thinking and expectations are consistent, coupled with the contract delivery today, crude oil will be likely to break through the previous strong pressure 69.40 this position, crude oil thinking is also low bullish;
Asia-europe session is expected to shock before pulling higher, pay attention to 68.5-68.3 support, in addition to the previous crude oil inventory data is also positive, crude oil may enter a wave of bulls. Upper targets see 69.4-70.6
USOIL Technical Analysis! BUY!
My dear friends,
Please, find my technical outlook for USOIL below:
The instrument tests an important psychological level 66.90
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 69.70
Recommended Stop Loss - 65.24
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
WTI OIL 4H RSI Bullish Divergence sending a strong buy signal.WTI Oil (USOIL) stopped yesterday's rebound on the 4H MA50 (blue trend-line) and is now on a small pull-back. Technically that is the Resistance level it needs to break if it wants to break-out aggressively towards the long-term Resistance Zone.
There are high probabilities of doing so, as the 4H RSI formed Higher Lows, which is a Bullish Divergence against the Lower Lows of the price. In fact, it is the exact same formation as the October 01 Low that rebounded aggressively above the 0.786 Fibonacci retracement level.
As a result, we are bullish on this one, targeting $76.00 (the 0.786 Fib currently).
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
USOIL Trend Analysis1. Trend Analysis
Zero Lag Trend Indicator:
On the M5 and M15 timeframes, the Zero Lag Trend Indicator signals a bearish trend, with the price trading below the Zero Lag EMA and recent bearish crossovers.
On higher timeframes like H1 and H4, the trend remains bullish, indicating that the current bearish movement on lower timeframes may be a retracement within the broader uptrend.
Multi-Timeframe Confirmation:
The alignment of bearish signals on lower timeframes and bullish signals on higher timeframes suggests a potential buying opportunity if the price reaches a significant support level and shows signs of reversal.
2. Key Levels Identification
Support and Resistance:
Support Levels:
$68.50: Recent swing low and a psychological support level.
$68.00: A round number and potential strong support.
Resistance Levels:
$70.00: Previous swing high and potential resistance.
$70.50: Another round number and resistance level.
Order Blocks:
A bullish order block is identified around $68.50, indicating potential institutional buying interest at this level.
3. Liquidity Zones and FU Candles
Liquidity Grabs:
Potential liquidity exists below $68.50, where stop-loss orders from retail traders may be clustered.
FU (Fakeout) Candles:
On the M5 timeframe, a bullish FU candle is observed near $68.50, suggesting a possible reversal and trapping of bearish traders.
4. Entry, Stop-Loss (SL), and Take-Profit (TP) Strategy
Entry:
Long Position: Consider entering around $68.50 after confirming support at $68.50 holds and observing bullish reversal patterns (e.g., bullish engulfing candle).
Stop-Loss (SL):
Place the SL below $68.00, at $67.50, to protect against potential false breakouts and account for market volatility.
Take-Profit (TP):
Set the TP at $70.00, near the next significant resistance level, maintaining a 1:3 risk-reward ratio.
5. Example Trade Setup
Scenario:
Current price: $69.05.
Bearish trend on lower timeframes; bullish trend on higher timeframes.
Plan:
Entry: $68.50 (after confirming support at $68.50).
Stop-Loss (SL): $67.50 (below $68.00 support).
Take-Profit (TP): $70.00 (near resistance).
Risk-Reward Ratio:
1:3, where the risk is $1.00 ($68.50 - $67.50), and the reward is $1.50 ($70.00 - $68.50).
6. Additional Considerations
Market News:
Monitor economic indicators and news related to oil, such as OPEC meetings and geopolitical events, as they can impact volatility.
Risk Management:
Risk 1-2% of your trading capital per trade to ensure sustainable trading practices.
Oil prices rebound on geopolitical concerns in Eastern Europe
After a week of decline, oil prices rose sharply due to increased geopolitical risks in Eastern Europe, including the possibility of long-range missile attacks. Meanwhile, the IEA has noted a decline in global oil demand due to China's slowing economic growth. They added that this trend may result in an oversupply of 1 million barrels per day in the global crude oil market next year.
After testing a trend line, USOIL advanced to 69.00. However, the price remains below both EMAs and still maintains bearish momentum. If USOIL breaks below the trend line again, the price could fall further to the support at 64.80. Conversely, if USOIL breaches above EMA21 and the 70.00 threshold, the price could gain upward momentum toward the resistance at 73.30.
USOIL, Daily
Oil prices rose slightly after recent losses, driven by a more positive market tone and a weaker dollar, though concerns over weak Chinese demand and a potential oil surplus in 2024 continued to weigh on the outlook. The market has been volatile due to ongoing tensions in the Middle East and Russia’s intensified strikes on Ukraine while the U.S. is considering easing restrictions on Ukraine’s use of American-made weapons, potentially escalating the conflict further. At the same time, China’s slowing economy is affecting demand, and higher supplies from the U.S. and OPEC+ contribute to expectations of an oversupply next year.
On the technical side, the price is currently trading at a major technical support area which consists of an area of price reaction in late September and late October around the $66.8 price area. The Stochastic oscillator is in the extreme oversold levels hinting that there might be a bullish correction coming up in the near short term while the Bollinger bands are starting to expand showing that volatility might be starting to tick up. These indications might be pointing to a bullish scenario in the upcoming sessions with the first area of possible resistance laying around the $70 area which consists of the psychological resistance of the round number as well as an area of price reaction in mid-late October.
