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USOIL Is Going Down! Sell! Take a look at our analysis for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 71.19. The above observations make me that the market will inevitably achieve 67.16 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:USOILShort
by SignalProvider
1
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 $64.80 low, then that would certainly increase the probability that it is. If not, then there’s an increased likelihood of another lower low before it’s safe to sound the ‘all clear’. Overnight, China refrained from lowering its 1 and 5-year Loan Prime Rates. But on the other hand, the US Federal Reserve has made it clear that its prepared to cut rates further. As long as these aren’t a precursor to weakness in the US economy, then they may help to lift sentiment, and oil prices. Unless, of course, they trigger increased production.
TVC:USOIL
by TradeNation
Crude Oil long term analysis⭕WTI has taken downward trend since (18Jul 24) , Because of industrial countries had bad data and concern about suffering recession the price gone down. 🔻In the another side OPEC+ decided increaseof their supply. 🔻China's data not promising, China is the biggest importer of Oil in the world so its pridectable to effect oil price. 🟢Middle east and tension of that has no end ,Analysts alarm to happening War and Geopolitical things limtied down trend of price. 🟢Fed's recently reduced intrest rate by 0.5 which is big move since years ago ,And they decided to cutting rate by 0.25 from other meetings it mean Soft Landing , in this case it will help to US Gov' to improve the economic and WTI price mostly dependent to US economic so it will help to growth Oil price 🔵So many countries economics related together so if US ecnomy will recovery it self China , Japan , Euro zone , Australia , Canada , ..... will betterment too so if the economics of countries better so productions and output will growth that causes import Oils and counsume. ✅In my idea 66$ 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❗❓
EASYMARKETS:OILUSD
by TheApolloo
OIL: Day 3 breakout traders long in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range ✅ 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout ✅ 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump ✅ Dump&Pump Frontside ✅ Backside 4. THESIS: Long: secondary, I won't exclude the possibility for this market to setup for a long trade, the market performed a higher high on the HOW and started dropping, currently consolidating. Short: primary, Day 3 long breakout traders, HOW, is most of the time a reversal signal, but considering the overall level and behaviour of price, before NY session start I can see more a pump and dump. Price still on the frontside, so I won't be looking for a dump all the way down back to the LOW, unless news release at 10:30am NYT will be catalyst. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
PEPPERSTONE:SPOTCRUDEShort
by GianniPichichero
1
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.
FX:USOILLong
by FXCM
Bearish drop off pullback resistance?USO/USD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 72.19 Why we like it: There is a pullback resistance level. Stop loss: 74.66 Why we like it: There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement. Take profit: 69.80 Why we like it: There is a pullback support level that lines up with the 38.2% Fibonacci retracement. 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:USOUSDShort
by VantageMarkets
USOIL POSSIBLE SELLThe market is currently testing the current weekly Fib area 0.618. Based on Daily TF, the market seems to be forming a possible reversal chart pattern. We could see Sellers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
FX:USOILShort
by WiLLProsperForex
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.
CAPITALCOM:OIL_CRUDE
by T_Shelby_01