USOIL - Bearish ContinuationThe commodity is in dowmtrend, short position can be entered at fib level of 0.5.
OILUSD trade ideas
USOILHead of OPEC
The current head of OPEC, or more specifically, the Secretary General of OPEC, is HE Haitham Al Ghais. He has been actively involved in various international energy forums and has written extensively on energy transitions and climate challenges
Fundamental Factors Affecting Oil Trade This Month
Several fundamental factors can influence oil trade this month:
1. OPEC Production Levels
Impact: OPEC's decisions on production levels can significantly affect global oil supply and prices. If OPEC decides to reduce production, it could lead to higher oil prices.
Bias: Bullish for oil prices if production is cut.
2. Global Demand
Impact: Economic growth in major oil-consuming countries like China and the U.S. can influence oil demand. Stronger economic growth typically leads to higher oil demand and prices.
Bias: Bullish for oil prices if global demand increases.
3. Geopolitical Tensions
Impact: Conflicts in oil-producing regions can disrupt supply, leading to price increases.
Bias: Bullish for oil prices if tensions rise.
4. Climate and Energy Policies
Impact: Shifts towards renewable energy and stricter climate policies can reduce long-term oil demand, potentially affecting prices.
Bias: Bearish for oil prices if policies favor renewables.
5. Inventory Levels
Impact: Changes in oil inventory levels can reflect supply and demand imbalances. Lower inventories suggest stronger demand or reduced supply, potentially boosting prices.
Bias: Bullish for oil prices if inventories decline.
WHAT IS SPR???????
The Strategic Petroleum Reserve (SPR) plays a significant role in influencing oil prices on a global scale by providing a buffer against supply disruptions and helping to stabilize markets during times of crisis. Here’s how the SPR affects oil prices:
1. Supply Buffer
Impact: Releases from the SPR can increase the global supply of crude oil, which can help reduce prices by alleviating shortages and mitigating the impact of supply disruptions caused by geopolitical events, natural disasters, or other crises.
Global Effect: This increase in supply can lead to lower oil prices globally, benefiting consumers by reducing fuel costs and helping to control inflation.
2. Market Sentiment and Expectations
Impact: Announcements of SPR releases can also influence market sentiment. Even before the actual release, the anticipation of additional supply can lead to lower oil prices as traders adjust their expectations.
Global Effect: This psychological impact can be significant, as it affects how investors perceive future supply and demand dynamics, potentially leading to price adjustments even before the physical oil is released into the market.
3. Short-Term vs. Long-Term Impact
Short-Term: SPR releases can provide immediate relief by increasing supply and reducing prices in the short term. However, their impact is generally limited to a few months due to the finite nature of the reserves.
Long-Term: Over the long term, SPR releases do not fundamentally alter global supply and demand dynamics. They are more of a temporary measure to stabilize markets during crises rather than a solution to chronic supply issues.
Examples of SPR Impact
Recent Example: In 2022, the U.S. released a significant amount of oil from the SPR to counter rising prices following the Russian invasion of Ukraine. This release, combined with international efforts, helped reduce gasoline prices by 17 to 42 cents per gallon in the U.S.23.
In summary, the Strategic Petroleum Reserve affects oil prices by providing a temporary buffer against supply shocks, influencing market sentiment, and offering short-term relief during crises. However, its long-term impact on global oil prices is limited by its finite capacity.
These factors can significantly impact oil prices and trading strategies this month.
Are You Ready to Cash In BIG!Crude oil prices are approaching a major buying zone, and this could be your golden opportunity to enter the market before the next big move 💰 Are we about witness a massive rally? In this Chart I'll Break down key technical levels, market analysis, and trading strategies to help you capitalize on this setup.
Your Ultimate destination for insights into Forex, Commodities, and Cryptocurrency trading. With over a decade of experience (FX Insight Hub) and his team focus on empowering traders through price action strategies, money Management, and trading psychology the essential pillars of success in today's market's.
USOILUSOIL,Tomorrow we will focus on 20-30pips on us oil and the movement is very slow so we need little profit from the oil gang.
USOIL BUY!!!hello friends
As you can see, this chart is very, very patternable.
Now, with the floor construction that we expect from it, the growth to the resistance areas has been determined.
*Trade safely with us*
Oil - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern
Currently it looks like a pullback is happening
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
USOIL 4H ROUTE MAP BULLISHHey there on 4HTF USOIL Looking for bullish candle from this level
And if flipped than we can see next ob support is 69.00 and 68.80
So in this point will take go long for 71 next target
If the flipped back and went downside than might see continue next support is 62
Thanks
Institutional Demand: OIL longsHey,
Price is reaching value on US and UK oil charts!
Looking good, let's see how the 4hour shapes up now.
Study my other posts and videos for more information!
Regards,
Max Nieveld
CRUDE OIL (WTI): Waiting For a Signal to Buy
WTI Crude Oil is stuck on a major rising trend line on a daily.
To buy the market with a confirmation, I am waiting for a bullish
breakout of an intraday 4H resistance.
4H candle close above 69.3 will be a strong bullish signal.
A bullish continuation will be expected at least to 69.9 level then.
❤️Please, support my work with like, thank you!❤️
USOIL Will Grow! Buy!
Here is our detailed technical review for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 69.17.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 75.12 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Oil analysisOil is forming a suspicious pattern in a bearish corner
When the downtrend line is broken, it is confirmed
Oil Upward Trend read captionOil (CFDs) on a 4-hour timeframe. The current price is around 69.05, and it is moving within a defined range, with key resistance near70.00. The price recently dropped to 68.59 but is showing potential for an upward movement toward the70.00 target. Traders are likely watching for confirmation of upward momentum if the price holds above the support and breaks through resistance at $70.00.
Happy new week Dear Traders. My Buy analysis on FX:USOIL , Breaking down from MonthlyTF till H2. you just need to watch.
USOIL Long - Daily SFP and break above previous candleRationale:
Dipped below then regained support level
Daily candle just broke the previous high
WTI - Will Oil Return to the Uptrend?!WTI oil is below the EMA200 and EMA50 on the 4-hour timeframe and is moving within its medium-term descending channel. If the downward trend continues towards the demand range, the next opportunity to buy oil with a risk-reward ratio will be provided for us. An upward correction of oil towards the supply range will provide us with an opportunity to sell it.
Despite markets showing resilience to geopolitical uncertainties following recent tensions between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky, any signs of economic weakness in the United States could prompt investors to raise their expectations for interest rate cuts. However, even if inflation data does not reinforce such expectations, it is unlikely to have a significant impact on the U.S. dollar.
In the United States, inflation remains a major challenge for the Federal Reserve. The overall Consumer Price Index (CPI) rose to 3% in January, dashing hopes for two rate cuts in 2025. However, the market’s reaction was not overly negative, as investors anticipated that the Personal Consumption Expenditures (PCE) index, which the Federal Reserve prioritizes, would be less severe than the CPI.
According to the Cleveland Federal Reserve’s Nowcast model, the core PCE index fell from 2.8% to 2.7% in January, while the overall PCE rate declined to 2.5%. If the actual data released on Friday aligns with these projections and no unexpected increases appear in the monthly figures, expectations for two 0.25% rate cuts may strengthen, exerting downward pressure on the U.S. dollar.
Meanwhile, U.S.President Joe Biden attempted to foster freer elections in Venezuela by extending an offer of cooperation, but this initiative failed. Now, Trump has announced that he will terminate this policy. He also noted that Venezuela is refusing to take back illegal migrants who had arrived in the U.S.
This agreement, which had eased sanctions on oil, gas, and gold, was partially revoked in April 2024 after opposition candidate María Corina Machado was barred from running in the presidential election. Trump wrote on Truth Social: “We hereby revoke the concessions that corrupt Joe Biden granted to Nicolás Maduro of Venezuela regarding the oil deal dated November 26, 2022, as well as the electoral conditions in Venezuela, which the Maduro regime has failed to meet. Additionally, the regime has not returned the violent criminals it sent to our great America as quickly as promised. Therefore, I am ordering that Biden’s ineffective and unmet concessions be revoked as of the March 1 extension date.”
Today, Trump escalated his stance on Venezuela by canceling Chevron’s oil license. This move was prompted by Caracas’s refusal to accept deportees and implement democratic reforms. President Trump announced that he would revoke the Biden-era license that had allowed Chevron to produce oil in Venezuela.
This decision appears to be a significant setback for Chevron, the American oil giant. On his social media platform, Truth Social, Trump stated that he would rescind the license granted on November 26, 2022, which had permitted Chevron to operate in Venezuela.
(USOIL) on the 4-hour (4H) timeframe, (USOIL) on the 4-hour (4H) timeframe, showing technical analysis and potential price movement.
Chart Details:
• Current Price: Around 69.01 - 69.07
• Technical Analysis:
• Support Zone: 68.26 - 69.18 (marked in red)
• Resistance Levels: 75.14 - 77.03 (yellow and purple zone)
• Chart Pattern: Possible double bottom or bullish reversal setup
• Expected Movement: If the support holds, price may rise towards 74-75
• Previous Resistance: Horizontal key levels and a head & shoulders pattern
Conclusion:
This chart suggests a bullish breakout possibility, especially if the price stays above 69 and moves upward. However, if it breaks below 68.26, further downside pressure could build up.
0227 USOIL looking for a correction on 4H chart!!!Hello traders,
On Wednesday, the internal alert stated: "On Wednesday, we are waiting for a new sideways trend in crude oil. Crude oil may experience a short-term decline followed by a pullback around the opening time of the European and American markets. Participation is not recommended!"
On Thursday, in the four-hour chart, the C wave of crude oil is oscillating sideways at an extreme position, and there is a high probability of a certain degree of pullback! Pay close attention to the previous support level of 70.00, which is also a key psychological price level.
You can consider taking a light position to go long on crude oil!
TP1: 70.00
TP2: 70.35
GOOD LUCK!
LESS IS MORE!
WTI Oil H4 | Intense bearish momentumWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 69.58 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 70.40 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 68.42 which is a multi-swing-low support.
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Bullish on USOIL! Who’s Joining the Ride?Technical Analysis:
Support and Resistance Levels: USOIL is currently trading near $71.50. Immediate support is identified at $68-66, with resistance around $72.75.
Momentum Indicators: The Relative Strength Index (RSI) is neutral at 51.2, indicating balanced momentum. The Moving Average Convergence Divergence (MACD) shows a bearish crossover on the 4-hour chart, suggesting potential downward movement.
Falling towards pullback support?WTI Oil (XTI/USD) is falling towards the pivot which has ben identified as a pullback support and could bounce to the 1st resistance.
Pivot: 68.03
1st Support: 67.14
1st Resistance: 69.82
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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WTI Crude Oil at Critical Support – Rebound Toward 72$?TVC:USOIL has reached a key demand zone, which has historically provided strong support. The recent decline has brought the price back into this area, increasing the probability of a bullish reaction if buyers step in.
The current market structure suggests that if the price confirms support at this level, we could see a rebound toward 72$, aligning with a corrective move after the recent sell-off. However, a break below this demand zone would invalidate the bullish bias and could lead to further downside.
Traders should watch for bullish confirmation signals, such as rejection wicks, bullish engulfing candles, or increased buying volume, before considering long positions.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
WTI CRUDE OIL: Approaching the 2year Buy Zone.WTI Crude Oil turned bearish on its 1D technical outlook (RSI = 35.899, MACD = -0.720, ADX = 32.215) failing to cross above the 1D MA50 last Thursday and eventually getting rejected to today's low. This low just hit the HL trendline of September and is about to enter the S1 Zone that has been holding since March 2023. Every breach inside this Zone has been the best long term buy opportunity on WTI. Until the Zone breaks, we will treat it as the best buy entry, aiming at the LH Zone (TP = 77.00).
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USOIL: Energy channel sanctions lifted? Oil price drops?The news will be explosive news in the New York market. The market is about to fall sharply.
1. The European Union has suspended sanctions on Syria's energy and transportation sectors.
2. Iraq's oil minister said that oil exports from the Kurdish region will resume within a week.
3. BP CEO will abandon his promise to cut oil and gas production.
The news will be explosive news in the New York market. The market is about to fall sharply.
The current oil price is around 70.6, observing from the overall trend. It is still in the downward channel. The support below is loose. According to the Williams indicator, the probability of continued decline in the short term exceeds 95.6%. After breaking the 70 integer level, it will move closer to the price of 69.5 again.
Operation idea: short selling.
Recommended USOIL: sell at the current price.
TP: 71,
TP: 69.5-69
