US Oil Trendline ConfluenceWe can see here bearish and bullish trendline. Price is currently testing our bearish trendline and retesting previously broken bullish trendline. We can also see reaction to 85 zone and I expect to see move down.Shortby SanShone9
Oil buy today until fridyanice 0.68 area here been watiing for, lost my house since, but all good. get in if want, full marge onlyLongby TaylorAimed4Pips334
Sell IdeaInstrument: USOIL Position: Sell Entry: 81.80 1st Target: 79.35 2nd Target: 76.75 Stop Loss: 83.00 Rationale: USOIL is exhibiting signs of a bearish trend, supported by recent price action and fundamental factors. Targets: Our primary target stands at 79.35, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at 76.75, indicating further potential downside momentum. Stop Loss: To manage risk effectively, a stop loss is placed at 83.00, just below the anticipated resistance level. This ensures a controlled exit in case of unexpected market movements. Disclaimer: Trading carries inherent risks, and this recommendation should be considered alongside individual risk tolerance and market analysis. It is advisable to employ proper risk management techniques, including the use of stop-loss orders, to mitigate potential losses.Shortby GODOCM3
WTI OIL Rejected on the 9-month Resistance. Still good to sell.Last week (July 02, see chart below) we called for a short-term correction upon a potential Lower Highs rejection on WTI Oil (USOIL): As you can see, the strong rejection was materialized last Friday on that 9-month Resistance, and the long-term Triangle pattern is technically looking for a 0.618 Fibonacci retracement level test. Zooming out on the 1W time-frame, we can see even more relevant info. During the previous two 0.618 Fibonacci pull-backs, the price also hit the 1W MA200 (orange trend-line), which has served as Oil's long-term Support in the last 3.5 years (since February 01 2021). The only time it closed a 1W candle below the 1W MA200 during this time span was recently on the week of June 03 2024. As a result, besides the 0.618 Fib, we expect the 1W MA200 to be tested also, so depending on the decline's strength, we may have to move our 77.00 Target a bit higher (e.g. 78.00). It has to be mentioned though that the decline to the 0.618 Fib during the past 2 corrections has been dealt within a week. So technically we should be expecting an aggressive move this week. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot2224
USOIL Uptrend Line Breakout At $83.40 09.07.20241. USOIL downtrend breakout at $83.40 on 1hr chart. 2. Sustained breakout could drive price to $81.05, then $79.20. 3. Failed breakout may push price to $86.39, then $90.20. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby Stuart_Cowell0
Bearish drop?WTI oil (XTI/USD) has reacted off the pivot and could potentially fall to the overlap support. Pivot: 83.19 1st Support: 80.90 1st Resistance: 84.34 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.Shortby ICmarkets8
USOIL - Predicting a ReversalUSOIL is currently in a bullish trend, consistently making higher highs. However, it has encountered three bearish divergences. The first two divergences caused the price to move sideways temporarily but did not reverse the trend. The most recent divergence, coupled with a near double top pattern and a significant bearish engulfing candle, suggests that bearish momentum may be gaining strength. Consequently, a potential sell opportunity could arise if the previous higher low at 81.859 is broken.Shortby AnalytixEdgeByQasimUpdated 6
USOIL daily analysis made using my SMC knowledge and studies, if you have any questions feel free to ask and i will answer as fast as possibleLongby tommasomariacomini2
Crude Oil Battles to Break Through Key Support ZoneHello There, Technical Outlook: Crude oil prices have been locked in a tug-of-war around a critical support area, testing the 76.253 level twice in recent trading sessions. Despite the downward pressure, the commodity appears poised to make a push higher, according to RSI levels. The 77.082 - 76.253 zone has emerged as a key support area, and a higher low above this range could signal the start of a bullish trend. A potential move higher could see prices stretch up to test supply levels. If prices can establish a higher low above that zone, it would lay the groundwork for a bullish breakout and a push toward the upside. However, the setup would be invalidated if prices were to fall below the 75.324 red line. Overall: If the price gains the momentum to hold above the key support zone, it could set the stage for a sustained rally, but a breakdown below 75.324 would likely signal a shift in the overall market sentiment ending the range in the Weekly timeframe. Fundamental Points: Oil prices went down because: There's too much oil being produced and not enough being used Inflation (prices going up) in the services sector (like healthcare, education, and finance) might stay high for a while This means interest rates (the cost of borrowing money) might stay high for longer than expected There's now more oil stored in tanks than expected, which is also causing prices to fall Happy Trading, K. Longby KhiweUpdated 3
usoil shortusoil made a couple of peaks on its chart and then broke its resistance and tested it. I think the 80.8 target will come.Shortby foxforex3115
CRUDE OIL BEARISH BREAKOUT|SHORT| ✅CRUDE OIL was trading In a rising channel but then Made a retest of the horizontal Resistance of 84.50$ and broke Out of the channel so we are Now bearish biased and we Will be expecting a Further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx112
WTI🔍 Why should we join the sale of WTI oil? 🌍 High Liquidity 💧: Busy market with endless opportunities. Extreme volatility 📉📈: creating profitable opportunities. Various analyzes 📊: the possibility of using technical and fundamental strategies. Economic Impacts 💼: Exploiting Global Changes. Risk Management 🛡️: Portfolio protection using futures contracts. Start now and take advantage of these opportunities! 🚀03:06by Masih_Rezvani2
Us oilnext move is probably will go up as correction then target lower prices, what support also this theory is that the data we have have now shows we are very near to the recession. Shortby malikxd2
CRUDE OIL (WTI): Very Bearish Signal USOIL is currently in a long-term uptrend within a rising channel pattern. Following a failed attempt to break through the 84.30 resistance level, the market has entered a consolidation phase. The price has broken below both the range support and the parallel channel support, indicating a potential shift towards a minor downtrend. I anticipate a bearish continuation towards the 81.18/80.98 levels. For potential entry points, look for a retest of the broken trend support.Shortby linofx14423
Towards The Target UsoilIn my last idea about usoil i said usoil could fall from the resistance area as we saw its going to the target , when usoil broke the trendline and usoil was moving around the resistance and treanline it gave us a break out below the line and now towards the target Shortby VikingFx011
Assessing Oil's Technicals: Is Bullish Momentum on the Wane?📊 Introduction: Oil prices have been on a volatile journey, especially after a significant 5-wave decline. As markets react to geopolitical and economic factors, technical analysis can provide a clearer picture of potential price movements. This analysis focuses on the recent price action and key levels in the daily and 4-hour timeframes to anticipate future trends. 📅 Daily Timeframe: After a 5-wave decline, the price started a strong upward trend from $72.6. Over time, the strength and momentum of this wave decreased, as confirmed by the smaller green candles along the way and increased rest periods before each downward move. The $84 supply zone is the main resistance for oil in 2024. Yesterday's candle was a rejection candle from this area, engulfing the two previous green candles. ⏰ 4-Hour Timeframe: The upward curving line has been broken, and if a candle closes below $82.5, the price could potentially correct down to $80.45. The RSI has lost the important support level of 50, indicating the end of upward momentum and the entry of sellers into the market. Additionally, the double top candlestick pattern is clearly visible, targeting around $80. If the price manages to close a 4-hour candle above $84.14, this would indicate the continuation of the upward trend, and buying positions can be considered. 🔍 Key Levels to Watch: • Daily Resistance: $84 • Potential Correction Target: $80.45 • Bullish Continuation Level: $84.14 📉 Indicators: • RSI: Lost support at 50 • Candlestick Patterns: Double top 💹 Market Sentiment: • A close below $82.5 on the 4-hour timeframe suggests bearish momentum. • A close above $84.14 on the 4-hour timeframe suggests bullish continuation. 📝 Conclusion: Oil prices are at a critical juncture. The rejection from the $84 resistance and the loss of momentum signal a potential bearish correction. However, a confirmed close above $84.14 on the 4-hour timeframe could reignite bullish momentum. Traders should watch these key levels closely to make informed decisions. ________________________________________ ⚠️ Disclaimer: This is not financial advice. Please do your own research before making any trading decisions. by pouoyannn3
WTI Oil H4 | Falling to pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 82.34 which is a pullback support. Stop loss is at 80.50 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level. Take profit is at 84.45 which is a multi-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. 68% 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. 73% 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.Long02:56by FXCM2
USOIL SELLERS WILL DOMINATE THE MARKET|SHORT Hello,Friends! The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 79.68. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 114
US OIL 1D // 02 July 2024 AnalysisWe can see a beautiful downtrend for USOIL on the daily timeframe. The price is currently at our area of support/resistance which is marked around the 84.00 area. For possible sells would like to see a good rejection from the marked area. A good target would be the previous swing low around the 73.00 price area.Shortby thebrowntraderUpdated 4
USOIL: Trend Analysis and Trading StrategiesCrude oil technical analysis Daily resistance 83.4, support below 79 Four-hour resistance 81, support below 81.3-80 Crude oil operation suggestions: Last Friday, the overall oil price fell first and then rose, breaking through the 82.7 mark, and then fell back and bottomed out, breaking through the 81 mark and closing weakly. The overall price showed a fluctuating upward rhythm. Today, the lower support continues to focus on the low point of 81 last Friday, and the upper pressure focuses on the vicinity of 82.5-82.7. If the upper 83.4 is not broken, continue to see the oscillation operation first, and if 83.4 is broken, the bulls will start SELL:82.0near SL:82.40 SELL:83.4near SL:83.70 Technical analysis only provides trading direction! Shortby ActuaryJUpdated 9
USOIL Resistance Rejection At $84.42. 08.07.2024- USOIL 4HR chart shows resistance rejection at $84.42. - If $84.42 rejection holds, potential downside to $81.85, then $79.83. - If rejection fails, potential upside to $87.69, then $91.86. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby Stuart_Cowell0
Good morning, with a beautiful oil trade !Oil hits on channel's borderline and bounces, easy trade with high win to loss rationLongby geokallides3
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 these 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 :-)Longby ShahedZare1