US Oil Trade Plans Post Falls..Closing out FRI Oil fell considerably within a near term uptrend move.
Room persists either side of the closing range (longer term).
OILUSD trade ideas
USOIL: Expecting Bullish Movement! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the USOIL pair which is likely to be pushed up by the bulls so we will buy!
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$CL_F reached the strong support for an upside wave extension$CL_F is bouncing off the strong upside support 71.50 and that is aligned with the uptrend channel support and the rising uptrend line. We could see a test of the 81.50 resistance in the coming weeks for an upside extension in the third wave.
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 :-)
Hellena | Oil (4H): Short to 50% Fibo lvl 76.54 (Wave "a").Dear colleagues, after the last target achievement the price is actively growing and I believe that this growth is not over yet, but I expect a correction to the area of 50% Fibonacci level 76.54. This movement is a corrective wave "b". After it I will consider the continuation of the upward movement, but at the moment the price needs wave "b".
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USOIL Will Explode! BUY!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 75.41
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 - 77.21
My Stop Loss - 74.44
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
LONG in CRUDE OILHello fellow traders,
I'd like to share my thoughts on XTIUSD. Over the past few days, it has been recovering from a significant sell-off. I believe there’s potential for further recovery, possibly reaching around 80 USD. I’m eager to hear your thoughts and comments. Feel free to share your insights, everyone!
USOIL 78.31 -1.59 % AHEAD OF THE CRUDE INVENTORIES HELLO TRADERS
Hope everyone is doing great
📌 A look at USOIL from MULTI TIME-FRAME ANALYSIS
🎯 CRUDE OIL INVENTORIES TOMORROW
- 7th Aug release was more than expected which meant weaker demand and was bearish for crude prices. The same can be said if tomorrow a decline in inventories is less than expected.
USOIL 4H TF
* Friday & monday where strongly bullish but tues came with change in delivery as we see strong bearish move.
* The weekly & daily TF are still range bound .
* USOIL took External range LQ & price will delive from the -FVG above.
* We are trading in premium of the move, This is where I would be looking for short entries.
* With PO3 looking to open bullish (fri & monday) to confirm a move Lower into +FVG on USOIL.
USOIL 1H TF
* Looking for the hourly to open Bullish into the 4h FVG because our HTF BIAS (PO3) .
* We will see what does the market dish.
* On the 4 hourly IRL > ERL.
- LOWER TF
* ANALYSED IN REAL TIME
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
USOIL 77.00 +1.28% SHORT SENTIMENT MTF ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at USOIL from HTF - MULTI TIME-FRAME ANALYSIS
USOIL DAILY TF
* Wednesday saw strong bullish momentum coming into play, with Thur & Fri cont. this move.
* The weekly & daily TF show we are still trading in a range on the USOIL.
* USOIL took External range LQ, looking for that internal range LQ to be taken.
* We are trading in discount of the move,This is where I would be looking for long entries.
* With PO3 looking to open bullish this week to confirm a move Lower into +FVG on USOIL.
USOIL 4H TF
* Looking for the week to open Bullish into the 4h FVG because our HTF BIAS (PO3) .
* WEEK open I will probably be looking for short positions OPPORTUNITIES.
* We will see what does the market dish.
* On the 4 hourly ERL > IRL.
USOIL 1H TF
* We saw a rally with the bulls, strong momentum to the upside.
* The is a 1H FVG, this is where i would look for short entries this week.
* Should this PD ARRAY hold will be short for the USOIL
* BASED on the price action served this week.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
Market Analysis: Oil Prices Aim For Further GainsMarket Analysis: Oil Prices Aim For Further Gains
Crude oil prices are gaining bullish momentum and might even test $80.00.
Important Takeaways for Oil Price Analysis Today
- Crude oil prices extended gains above the $75.70 and $76.40 resistance levels.
- There is a connecting bearish trend line forming with resistance at $77.10 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price started a fresh upward move from $75.70 against the US Dollar. The price gained bullish momentum after it broke the $76.40 resistance.
The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $78.58 swing high to the $75.69 low. The price even climbed above the 50-hour simple moving average.
It tested the $77.10 resistance zone and a connecting bearish trend line. The trend line is close to the 50% Fib retracement level of the downward move from the $78.58 swing high to the $75.69 low. The RSI is now near the 50 level and the price could aim for more gains.
If the price climbs higher again, it could face resistance near $77.10. The next major resistance is near the $77.60 level. Any more gains might send the price toward the $78.55 level or even $80.00.
Conversely, the price might correct gains and test the $76.40 level. The next major support on the WTI crude oil chart is near the $75.70 zone, below which the price could test the $74.90 zone.
If there is a downside break, the price might decline toward $74.20. Any more losses may perhaps open the doors for a move toward the $73.50 support zone.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USOIL BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
It makes sense for us to go short on USOIL right now from the resistance line above with the target of 71.10 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
USOIL Is Forming A Bull FlagHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 76 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 76 support and resistance area.
In Above chart USOIL have also formed a bull flag in which in a consolidation phase now heading towards the trend support.
Trade safe, Joe.
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 77.08 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 75.50 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 79.82 which is a pullback resistance.
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Wti elliot wave countMaking a microwave from the B-wave triangle
Then it is expected to go down with a heavy fall towards wave C with the targets of 40-50 dollars
crude oil outlook for the coming weeksI remain bullish on crude oil.
Heres my projected elliot wave count
USOIL BearishUSOIL has formed a bearish trend i.e. a series of lower highs and lower lows. There is no divergence indication yet therefore we can assume that trend will continue. A harmonics pattern AB=CD also signals towards further bearish trend.
Oil: Keep buying.
Wait until it reaches a high and then go short.
For a month, I used the correct trading signals as a reference. This is what everyone can see. There is no mistake in the operation.
I want to post my views here to save those who continue to lose money. Or those who don’t know how to trade or don’t make any profit. I just use my expertise.
If you keep losing money, leave me a message. Even if you are a novice. Follow me and you can see the changes in your balance in a very short time.
WTI Bullish Continuation Supported by Key LevelsHello Everyone,
WTI is taking off, and a very positive sign is that it has found support at the 1-year, 1-week, and 1-day pivot points (PP). Everything seems to be aligning for a bullish continuation!
TradeWithTheTrend3344
USOIL (WTIUSD) Today, 15-August-2024, NY SESSIONDisclaimer: I post for informational purpose only dear traders, please do your own research properly, markets are risky.
Pair: USOIL (XTI)
Setup: Short term (Higher timeframe = 1H)
Bias = Bullish
Session entered: NYsession
My Hypothesis:
- Economy: The employment data is strong & there is enough supply of oil reserves as from Crude oil data yesterday.
My Technical analysis
- Price broke previous days lows with decent order flow, and there was a divergence in number of orders in the DOM (Depth of Market) from yesterday, all these factors together made me conclude a sell.
I took an aggressive buy this morning during the NY session.
I am still observing it.
Thank you!
USoil: Oil prices will continue to rebound this week.Oil is about to form an oversold rebound situation, and the target this week is expected to be above 74. The current price is around 72.2. The USoil quote on tradingview is used as the basis.
Investors with large amounts of funds can buy in advance.
If your trading continues to lose money. Or the profit is not ideal. Remember to refer to my trading instructions or follow me. Prevent further losses. NYMEX:CL1! MCX:CRUDEOIL1! NYMEX:MCL1! MATBAROFEX:WTI1!
Crude oil faces uphill battleOil prices were firmer in early trade this morning. But these gains have done little to recoup losses from the pullback since Tuesday. Front-month WTI ran straight into a band of resistance between $78 and $80. Prices fell back sharply from here, although they look as if there’s some support around $76. But whether oil has found a solid base from which it can have another attempt at breaking above resistance remains to be seen. A look at the daily chart suggests that pressure remains to the downside, even as the MACD indicates an uptick in momentum from oversold levels. Could this be powerful enough to drive prices back to December lows around $68? It’s possible. Otherwise, there’s little change from yesterday. Fundamentally, it’s the outlook for future demand growth which is key. Earlier this week, the International Energy Agency (IEA), downgraded its 2025 forecast for global oil demand growth, blaming the economic slowdown in China for falling consumption. Its forecast for this year was unchanged. And while markets look forward with increasing confidence to Fed rate cuts this year and the economic boost those should provide, slowing demand from China is a worry that won’t go away.
Crude Oil: Bullish Counter-trend with Inverse H&SWeekly Chart: Last week, ICMARKETS:XTIUSD rebounded off a soft weekly support around $72.00, suggesting a potential reversal. My bias on the weekly chart is bullish, as buyers seem to be stepping in at this level.
Daily Chart: While the daily chart is in a downtrend, marked by lower lows (LLs) and lower highs (LHs), it is currently in Phase 2 (an upward move). Given the weekly chart's bullish sentiment, I am comfortable taking long positions on lower time frames, though I will manage trades conservatively since we’re countering the daily trend.
4-Hourly Chart: The 4-hourly chart reinforces our bullish outlook with a confirmed inverse head and shoulders pattern and key support levels. This pattern provides additional confidence in the potential for upward movement.
Trade Plans:
Look for a pullback to the $76.47/36 zone for a potential buy entry. The target should be around $78.00. However, be cautious and manage trades conservatively, as the 78% Fib level is also at $78.00 on the daily chart, which might act as resistance.
If there is a break and close above $78.00 on the 4-hourly chart, it would confirm further bullish momentum, potentially targeting the next horizontal level around $80.00.
For further details on the fundamental analysis of ICMARKETS:XTIUSD , check out my in-depth fundamental analysis:
Note: Keep a close eye on price action at these levels and adjust your strategy accordingly.
Happy trading!
USOIL Will Go Down! Short!
Please, check our technical outlook for USOIL.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 77.44.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 75.87 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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