USOIL SELL analysis Usoil sell side momentum formed 1:2 RR FOLLOW MM , RM Shortby DNA_traderofficials1
USOIL Buy limitIn my opinion USOIL will go long, but I prefer to buy it from 65,86 : 66,26 Stop Lose close below 65,24 with 4H Candle Take profit 1 will be 69,69 Take profit 2 will be 72.42Longby Anubis940
USOIL BullishUSOIL has formed the bullish rectangle continuation pattern signalling further upside. There is no divergence therefore chances of trend reversal are low.Longby ruba_hasan960
Crude OilPair : Crude Oil - USOIL Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bearish Channel as an Corrective Pattern in Short Time Frame Support Levelby ForexDetective1
Sell OpportunityInstrument: USOIL Position: Sell Entry: 70.40 1st Target: 67.18 2nd Target: 65.23 Stop Loss: 72.10 Rationale: USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors.Shortby GODOCM0
Long trade Buyside trade Pair WTICOUSDT Tokyo to LND Session PM Mon 16th Sept 24 2.00 pm (NY time) Entry 70.289 Profit level 74.563 (6.08%) Stop level 67.951 (0.95%) RR 6.43Longby davidjulien3690
WTI Crude Oil (4h) Technical AnalysisWTI Crude Oil continues to trade within a descending channel, reflecting a broader downtrend that has been in place since early August. The price is currently hovering around the $69.93 level, attempting to break through a significant resistance zone near $70.64. This resistance zone aligns with the upper boundary of the channel, adding further strength to the resistance. Key levels to watch include: Immediate resistance: $70.64 Support: $68.23, which has acted as a solid level over the past few sessions. If the price manages to break above $70.64 with sustained volume, it could indicate a potential trend reversal. However, failure to break this zone could result in a continuation of the downtrend, with the next key support levels at $68.23 and $65.01. The volume profile suggests strong resistance between the $69.50 and $72.00 range, with a notable drop-off below $68.50, indicating low demand in that region. A break below $68.23 could drive prices toward the lower boundary of the channel near $65.00. Outlook: Bearish within the descending channel unless a breakout above $70.64 occurs with strong momentum.by AngshumanSaikia1
Market headlines for OilOil prices pared recent gains as US crude inventories unexpectedly increased by 1.96 million barrels, according to the API, contrary to forecasts of a decline. Investors are cautious ahead of the Fed's interest rate decision, with growing speculations of a 50 basis point cut that could boost economic activity and oil demand. Rising tensions in the Middle East are raising concerns over potential supply disruptions that could support oil prices in the near term. However, the gains could be limited as weakness persists in China, one of the world's largest oil importers. by Exness_Official0
Usoil sell analysis Usoil sell side momentum changed to buy rally base rally mode 1:2 RR Follow MM , RM Longby DNA_traderofficials1
my analysis on 17-09-24i would short crude between 73.50-75. target should be 68. stoploss : 76.Shortby ProfessionalTrader25221
Can oil bulls continue to rise today?Due to the change of the contract, the point has changed, and the rise and fall are interactive. So far the rebound range is 5 dollars, from yesterday's analysis of the situation, there is still room to continue to rise. Personal expectations there is close to $1 rising space, and from yesterday's daily line closing situation, today's market probability is also the first rise and then fall, so our idea of operation today is to first more and then empty, as follows: 1, short at $70.60 with a stop loss of 35 points and a gain of $68.60. 2, if the strategy 1 short is stopped, go short again at $71.35, stop a loss of 30 points, and stop a profit of $70. 3, if it falls and falls below $69, it is long at $68.65, stop a loss of 30 points, and stop a profit of $70.60.by Besage7Updated 4
Oil prices rose slightly on Monday Oil prices rose slightly on Monday, with U.S. crude oil prices trading around the $68 price area. Gains were limited by weak Chinese economic data and ongoing demand concerns. Despite easing supply disruptions as Gulf of Mexico oil production resumed after Hurricane Francine, about 20% of oil and 28% of natural gas production remain offline. The market is focused on the U.S. Federal Reserve's interest rate decision, with traders expecting a rate cut, possibly 50 basis points, which could affect oil demand. Chinese industrial output and fuel demand have slowed, increasing bearish sentiment in the oil market. Speculators are also taking short positions in Brent crude as demand fears grow. On the technical side, the price is testing the support of the 161.8% of the daily Fibonacci retracement level after finding sufficient support on the lower band of the Bollinger bands. The faster moving average (50-days) is trading below the slower (100-days) moving average validating the overall bearish trend in the market while the Stochastic is near the extremely oversold level hinting that there might be a bullish correction in the coming sessions. If this becomes reality then the first area of possible resistance might be seen around the $72 price area which consists of the area just below the 78.6% of the daily Fibonacci retracement as well as the area of price reaction in early and late August. by Exness_Official0
Oil Moving as anticipated from post of Jan 2023 long term visionNot financial advice. I posted a chart I will attach here where I said we was doing an ABC correction on the monthly where A was 69 B would be 90-94 And C could be in low 50's and even under 50 as low as 34.00 Applying the 45° angle we see it intercedes at the 54.00 level... Of note: Can clearly see we are trending bearish on Stoch RSI as it keeps reading lower and lower. Again this was a vision I saw way back in Jan 1st so please press play on the previous chart to see how it's played out Patience is always key #PIK TLAW #Think Like A Whale Shortby ThinkLikeaWhaleTLAW0
British inflation rate, Fed interest rate decision, BoE interestHighlights this week: British inflation rate, Fed interest rate decision, BoE interest rate, Japanese inflation, BoJ interest rate Wednesday: UK inflation rate at 06:00 AM GMT. The consensus is for a pause at the current level of 2.2%. If the publication comes out higher than expected then the pound might find some short-term support against its pairs. On the other hand, if the figure is lower than expected it could influence a more dovish stance from the Bank of England on their next meeting. Fed interest rate decision at 18:00 GMT is broadly expected to be the first rate cut since the beginning of the ticketing by the central bank. According to the Fedwatch tool there are 41% chance of a 0.25% cut and 59% of a 0.50% cut. Participants are focusing closely on what the comments in the subsequent press conference will be in an effort to get some hints as to the future direction of monetary policy. Thursday: The Bank of England decides on their interest rate at 11:00 PM GMT. The general expectation is that the central bank will hold their rate stable at 5% but in the event that we witness another rate cut it could put some pressure to the quid in many of its pairs, especially against the US dollar whereas in the unlikely event of a hike it might give some support on the British pound in the aftermath of the release. Japanese inflation rate at 23:30 GMT. The expectations for the month of August is that the rate could go up to 3% from the previous 2.8%. This might be somewhat bullish news to the market participants trading the yen. Friday: Bank of Japan Interest rate decision at 04:00 AM GMT. The market consensus is that the rates will remain static at 0.25% while in the unlikely scenario of any shift away from this figure will most certainly create volatility on the yen pairs. by Exness_Official0
USOIL, dailyOil prices rose slightly on Monday, with U.S. crude oil prices trading around the $68 price area. Gains were limited by weak Chinese economic data and ongoing demand concerns. Despite easing supply disruptions as Gulf of Mexico oil production resumed after Hurricane Francine, about 20% of oil and 28% of natural gas production remain offline. The market is focused on the U.S. Federal Reserve's interest rate decision, with traders expecting a rate cut, possibly 50 basis points, which could affect oil demand. Chinese industrial output and fuel demand have slowed, increasing bearish sentiment in the oil market. Speculators are also taking short positions in Brent crude as demand fears grow. On the technical side, the price is testing the support of the 161.8% of the daily Fibonacci retracement level after finding sufficient support on the lower band of the Bollinger bands. The faster moving average (50-days) is trading below the slower (100-days) moving average validating the overall bearish trend in the market while the Stochastic is near the extremely oversold level hinting that there might be a bullish correction in the coming sessions. If this becomes reality then the first area of possible resistance might be seen around the $72 price area which consists of the area just below the 78.6% of the daily Fibonacci retracement as well as the area of price reaction in early and late August. by Exness_Official0
Crude Oil Technical AnalysisWhen the USDWTI 4-hour chart is examined; It is observed that price movements continue in a downward trend. As long as the Crude Oil price cannot exceed the level of 71.68, it is evaluated that in price movements below the level of 70.11, it can break the level of 68.61 and retreat to the level of 65.72.Shortby profitake0
XTIUSD Analysis Usoil overall trend is short side 1:2 RR Follow MM and RM Shortby DNA_traderofficials0
m15 Entry Can Stand H1 200ma TP 1.5 Ratio firstm15 Entry Can Stand H1 200ma TP 1.5 Ratio first H4 Us Session making m15 Entry Hard to Destroy US low.Longby NorthKoreanTraderInPyeongyangUpdated 0
Oil Next MoveOil Next Move. Oil next move is bullish Resistance-74.5 Support-68.3Longby Goldsignaldaily1
USOILIT is in downtrend respecting LH LL and currently rejecting from previous 4H LL level. Shortby Shameen41
USOIL remains under pressure USOIL remains under pressure, with the price approaching the support-turned-resistance zone at 72.00, which coincides with the 100% Fibonacci extension level. A reversal below the 72.00 resistance could prompt a further decline and a potential retest of the 66.00 support zone. The Ichimoku cloud also shows bearish pressure, indicating the potential for a further decline. Conversely, a break above 72.00 could prompt a further rise, with 75.00 as the next potential resistance. Analysis by: Li Xing Gan, Financial Market Strategist at ExnessShortby lixing_gan0