WTI OIL BULLISH REVERSAL My first try to publish an idea. Possible bullish reversal on WTI OIL using XABCD Pattern which is almost on the dot with Fibonacci levels. Strong buy? Your comments and criticisms are very welcome!Longby doc_dindo2216
WTI Oil H4 | Potential bearish reversalWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 70.30 which is a pullback resistance. Stop loss is at 72.56 which is a level that sits above the 50.0% Fibonacci retracement and a pullback resistance. Take profit is at 67.14 which is a swing-low 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. 62% 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. 59% 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.Short03:17by FXCM3
USOILThis setup presents a favorable long opportunity on USOIL, with key levels identified for Entry, Take Profit, and Stop Loss. The current market structure suggests potential for upward momentum, supported by bullish conditions in the broader trend. This trade aims to capitalize on the expected price movement, with a well-defined risk management strategy in place. Keep an eye on market developments to ensure the trend continues to work in your favor. All critical levels are marked on the chart for clear guidance.Longby CryptoBullTrades5
SELL OILOIl is bearish on the weekly timeframe and currently in a downtrend channel. Next target is to the lower channel at area 35-40 after a weekly close and confirmation below area 60-65 which is a major support demand zone. Shortby WaelHaz6
USOIL What Next? BUY! My dear friends, My technical analysis for USOIL is below: The market is trading on 68.08 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 70.57 Recommended Stop Loss - 66.61 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK Longby AnabelSignals114
USOIL BULLS ARE GAINING STRENGTH|LONG Hello, Friends! USOIL pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 78.60 area. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignals2215
USOIL still consolidating !!!Crude oil is expected to retest major support from last year at the 67 zone and possibly bounce as September is known as a positive seasonality for OIl trading. And if the consolidating phase continues, I expect oil to retest major resistance again on the 82 zone.Longby aryoTraderX3
USOIL: Long Trade with Entry/SL/TP USOIL - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long USOIL Entry Point - 68.08 Stop Loss - 66.47 Take Profit - 71.28 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals2213
CRUDE OIL SWING LONG| ✅CRUDE OIL is about to retest a key structure level of 66.94$ Which implies a high likelihood of a move up As some market participants will be taking profit from short positions While others will find this price level to be good for buying So as usual we will have a chance to ride the wave of a bullish correction LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx117
Crude Oil - 5 lines bearishIf we look at Crude Oil on the daily chart with Ichomoku perspective 1. Kumo - price is below Kumo, telling us Sellers are in control. 2. Span A and Span B - borders of the Kumo are both facing down steeply. 3. Tenkan Sen is below Kijun Sen - telling us the medium term is bearish. Both lines are facing down. 4. Chikou - is both below and well clear of recent price action. This is bearish. For next week the bias is to search for Short Opportunity's. The intraday chart shows price consolidating in a Descending Triangle, before a breakdown in the last trading session. Ideally would like to see a retest of this structure as resistance, before the next wave down. Projected targets are based of this retest from 65.25 - 67.50 Shortby Umlingo3
USOIL Analysis Pair Name = USOIL Timeframe = D1 Analysis = technical + fundamentals Trend = Bearish Pattern = Symmetrical Triangle Explaination :- USOIL Is forming the symmetrical triangle pattern breakout confirmed. we can see here a bearish wave.Shortby Alpha-GoldFX11
Strong Recovery from 65.00 Support with Targets of 78.00-79.00WTI (USOIL) is currently trading at 71. After falling to the strong support level of 65.00 , it has shown consistent upward movement. This recovery from 65.00 indicates strong buying interest at that level, and we believe the bullish momentum is likely to persist. As the price continues to climb, we are projecting a target range between 78.00 and 79.00 . The 65.00 support has demonstrated its resilience, providing a solid foundation for further gains and building confidence in the market for continued upward progress.by FXTradingAnalysis0
WTI, back at major order block support -- BOUNCE expectedWTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at 69.0 TAYOR. Safeguard capital always. -------- RELATED NEWS: Reuters Oil prices settle more than 3% higher after China rate cut By Stephanie Kelly NEW YORK, June 13 (Reuters) - Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China's central bank lowered a short-term lending rate for the first time in 10 months, boosting crude prices after steep losses the previous session. The rate cut is aimed at adding momentum to a hesitant post-pandemic recovery in the world's second-largest economy and biggest crude importer. Brent crude futures settled up $2.45, or 3.4%, to $74.29 a barrel. U.S. West Texas Intermediate (WTI) crude gained $2.30, or 3.4%, at $69.42 a barrel.Longby JSALUpdated 252551
Crude oil channel tradingcrude oil is moving in parallel channel, it may rise till $73.00 in short term. ThanksLongby dolphinelectronics0
Crude Oil - Trend Up - BuyThe oil price continues to fluctuate between 71.69 and 69.53 today. It is expected to attempt to break through 71.69 after the ending of the correction, and a successful breakout above this level could lead to a rise toward 72.80. Generally, the direction is uptrend Uptrend Side: the oil price currently trading in the correction process fell to touch 69.53 and from this level will revers to touch the resistance of 71.69 and above it will touch 72.82. Downtrend Side: However, breaking below 69.53 will lead to a further decline, targeting the support at 67.33. Tendency Keys: 69.53by LionKing975Updated 2
CRUDE OIL Resistance Ahead! Sell! Hello,Traders! CRUDE OIL is going up Now but will soon hit A horizontal resistance Of 72.68$ from where We will be expecting a Local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals111
Free Signal USOILI recommend you to take buy USOIL as you can see we have price action: trendline back to test key level also we are in kill zone so have a good probability to continue pushing upLongby afakiali22
Crude recoversCrude oil has managed an impressive bounce over the last ten sessions. Earlier this month, front-month WTI broke below $65 per barrel to trade at its lowest level since May last year. Front-month Brent hit its lowest level since December 2021. The latest sell-off took both markets into very oversold territory. Since then, oil has rallied sharply, with WTI, as of Thursday’s high, up around 10% from its recent low. Has crude finally bottomed? It’s still too early to know. Prices have pulled back a touch this morning, but not significantly. Oil could continue to rally from current levels, but it will be its next pull-back which will help decide if the bottom is in. If it’s relatively modest and falls significantly short of last week’s $64.80 low, then that would certainly increase the probability that it is. If not, then there’s an increased likelihood of another lower low before it’s safe to sound the ‘all clear’. Overnight, China refrained from lowering its 1 and 5-year Loan Prime Rates. But on the other hand, the US Federal Reserve has made it clear that its prepared to cut rates further. As long as these aren’t a precursor to weakness in the US economy, then they may help to lift sentiment, and oil prices. Unless, of course, they trigger increased production.by TradeNation0
Crude Oil long term analysis⭕WTI has taken downward trend since (18Jul 24) , Because of industrial countries had bad data and concern about suffering recession the price gone down. 🔻In the another side OPEC+ decided increaseof their supply. 🔻China's data not promising, China is the biggest importer of Oil in the world so its pridectable to effect oil price. 🟢Middle east and tension of that has no end ,Analysts alarm to happening War and Geopolitical things limtied down trend of price. 🟢Fed's recently reduced intrest rate by 0.5 which is big move since years ago ,And they decided to cutting rate by 0.25 from other meetings it mean Soft Landing , in this case it will help to US Gov' to improve the economic and WTI price mostly dependent to US economic so it will help to growth Oil price 🔵So many countries economics related together so if US ecnomy will recovery it self China , Japan , Euro zone , Australia , Canada , ..... will betterment too so if the economics of countries better so productions and output will growth that causes import Oils and counsume. ✅In my idea 66$ to 63$ very big support area and good place to order Buy. my expectation is WTI in 2025 will growth smoothly to our other targets.✔✔ 💌pls add your idea too and let me know❗❓ by TheApolloo1
WTI With Bearish SignsThis is a short-term setup for WTI: Price has been rejected at an order block while the H1 RSI is bearishly divergent. Therefore, we open a short position to intercept the expected downward movement.Shortby Ochlokrat0
WTI Oil H4 | Falling to overlap supportWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 70.11 which is an overlap support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 68.26 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at 73.00 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement 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. 62% 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. 59% 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.Long03:29by FXCM0
m15 to testing 200ma H4 Biggest TF first testing.m15 to testing 200ma H4 Biggest TF first testing normally 1.5 Ratio that fit to 4H 200 ma that rejected cut loss price.Longby NorthKoreanTraderInPyeongyangUpdated 0
Oil Post 50 Bp CutLooks like markets reacted positively to this 50 Bp cut... it was expected! But, let's agree on something.. facts... the fact that the Fed has taken the initiative to cut 50Bps means that they consider themselves late and behind schedule ! Not good news at all. Markets have played out the "50Bps" without highlighting the "behind schedule" fact... I would say it's either a trap or the sad reality. I expect oil which have risen till 71.5 as per the chart... to reverse and dive again towards lower prices with "69.6" in focus knowing that its a very important level for oil. We have reached the top imo, I ll be eyeing for new lower targets starting Friday/next week. In case oil doesn't respect my trading plan.. and breaks through 71.5 and 71.8, we can expect bulls to enter heavily and take us to 73.8,74.6 and 75.2 in no time. Recessions lead to lower oil prices. Trade safe and green.by T_Shelby_011