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WTI Crude (OIL) / US DollarWTI Crude (OIL) / US DollarWTI Crude (OIL) / US Dollar

WTI Crude (OIL) / US Dollar

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OILUSD trade ideas

Falling towards 50% Fibonacci support?USOUSD is falling towards the support level that is an overlap support that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 67.83 Why we like it: There is an overlap support level that lines up with the 50% Fibonacci retracement. Stop loss: 66.26 Why we like it: There is a pullback support level. Take profit: 70.43 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
QUICK UPDATE - Beginning of week 16-20Hey peeps... oil closed on Friday night at 68.48 and gapped down a lil bit on NY Midnight Open ... from there it has continued straight to 68 levels... I am expecting oil to reach 67 levels at first.. with all this "BAD CHINESE ECONOMIC DATA" followed by a dump to 66.3 which would play a crucial role in "direction taking". OIL is still in a downtrend... expect to see small retracements from time time... do not forget.. we have dropped from 78 to 64.8 in less than a month...14% quite a big number. I can still see oil achieving new lows before even starting the flip into an uptrend... stay tuned.. I ll post an idea tomorrow after NY session... things would get clearer. Trade safe and green!
CAPITALCOM:OIL_CRUDE
by T_Shelby_01
USOIL View!!Concerns around demand have put pressure on oil prices recently. Amid worries over softening economic data out of the U.S. and a wider structural shift towards cleaner energy sources, October crude futures (CLV24) - the most active contract - have slumped nearly 10% in the past month alone. However, the current oil slump could be an opportunity to invest. For starters, the presidential debate provided hints that oil is a critical component of both candidates' energy policies. Further, research from Stanford University indicates that oil is still the most-used energy resource worldwide, and provides more than 90% of global transportation energy. And while McKinsey forecasts that oil demand will decline by up to 50% by 2050, the firm still sees demand for oil remaining strong at least through 2030.
FX:USOILSPOTLong
by FXBANkthe8055
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
ICMARKETS:XTIUSDLong
by ForexMasters2000
#USOIL 1DAYUSOIL 1 Day Trade Opportunity Buy Opportunity: Buy Level: 66.500 Target Levels: 67.500 / 68.500 / 69.500 / 71.500 Description: Today's analysis of USOIL (Crude Oil) suggests a promising buy opportunity. With the current price at 66.500, the market shows potential for upward movement. Consider entering a long position at this buy level. Target Levels:- 67.500: Initial target level where short-term gains might be realized. 68.500: A subsequent target indicating continued bullish momentum. 69.500: An intermediate level that may act as a resistance point but offers a chance for profit-taking. 71.500: The final target level, which represents a more extended bullish move. Monitor the price action closely around these target levels for potential exit points or adjustments to your trading strategy. As always, ensure to implement proper risk management techniques.
FX:USOILLong
by PIPSFIGHTER
WTI USOIL POSSIBLE BULLISH SCENARIOPossible bullish scenario this week: MONDAY TP 69.5 / Sell 69.5 Oil goes up initially in Asian markets, people buying in preparation for FED Rates. European market sells from 69.5 as news of recovery from hurricane sinks in. HNS forming. TUESDAY TP 66.8 / Buy 66.8 66.8 reached in early american market. HNS formed. Reversal mid day american market in preparation for FED Rates. WEDNESDAY/THURSDAY TP 72.5 reached on release of rate. Good news/0.50 - TP 74.3 Bad news/0.25 - sell from 4H 200MA, TP 64.5
CAPITALCOM:OIL_CRUDELong
by doc_dindo
USOIL : Why a 56.53% Probability Signals a Strong Bullish Move!The current global landscape presents several factors supporting a bullish bias for USOIL: Geopolitical Tensions: Ongoing conflicts in the Middle East continue to create supply uncertainties, potentially driving prices higher. Economic Recovery: As major economies show signs of improvement, demand for oil is expected to increase, putting upward pressure on prices. OPEC+ Production Cuts: Recent decisions by major oil-producing countries to limit output could lead to tighter supply conditions. Leveraging Probabilities for Strategic Positioning I'm utilizing probabilistic analysis on my charts to get positioned into longs. Here's why this approach is valuable: 1. Risk Management: By assessing probabilities, I can better gauge potential outcomes and adjust my position sizes accordingly. 2. Identifying High-Probability Setups: Probability-based analysis helps pinpoint trade entries with higher chances of success. 3. Emotional Control: Using probabilities provides a more objective framework, reducing the impact of emotions on trading decisions. 4. Adapting to Market Conditions: Probabilistic thinking allows for flexibility in strategy as market conditions evolve. By combining fundamental analysis with a probability-based approach to technical analysis, I aim to capitalize on the bullish potential in USOIL. 12M: 2W: 1H:
TVC:USOILLong
by Jasminex1x2
USOIL Is Going Up! Long! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 68.33. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 71.84 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. Like and subscribe and comment my ideas if you enjoy them!
THINKMARKETS:WTILong
by SignalProvider
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