Cyber Monday saleUp to 70% OFF
WTI Cash (or Spot) ContractWTI Cash (or Spot) ContractWTI Cash (or Spot) Contract

WTI Cash (or Spot) Contract

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

SPOTCRUDE trade ideas

USOIL, dailyCrude oil prices rose due to positive factory output data from China and ongoing unrest in the Middle East. The OPEC+ meeting is expected to result in a delay of production cuts for next year, highlighting the challenge of balancing market support and maintaining market share.Traders are expecting OPEC+ to delay a production increase, with oil trading within a narrow range due to geopolitical factors and the outlook in China.The dollar strengthened after US President-elect Donald Trump cautioned BRICS nations against creating an alternative currency, while the Middle East saw a truce between Israel and Hezbollah and Tehran's pledge to aid Syria's government. On the technical side, the price has been trading in a triangle formation for the last 4 months and is near its completion. The Stochastic is below the neutral level more towards the oversold levels hinting that there might be another bullish rebound in the upcoming sessions and probably a retest of the upper boundary of the triangle. On the other hand the faster 50-day moving average is trading lower than the slower 100-day moving average validating the overall bearish trend in the market while the Bollinger bands have somewhat contracted showing that volatility might be running low in the market for oil.
TVC:USOIL
by Exness_Official
Oil focus on EIA data and OPEC+ meetingTVC:USOIL increased slightly during the Asian trading session on Monday (December 2), trading around 68.30 USD/barrel. Market volatility has continued to decrease and we need to wait for new changes in fundamental factors to shape the short-term trend. This week we will focus on EIA inventory data and the OPEC+ meeting. At the same time, this week will release US non-farm data. If non-farm data continues to strengthen, it will continue to put pressure on the Federal Reserve to cut interest rates, which will be detrimental to rising oil prices. Last week, as the geopolitical situation eased, pressure on the supply side eased and the market is now expecting that this OPEC+ meeting is expected to be postponed and increased production will support oil prices. On the geopolitical side, there are no significant new points. Lebanon's official news agency said on Friday that four Israeli tanks had entered Lebanese border villages. The ceasefire, which took effect last Wednesday, has reduced oil's hedging premium and sent oil prices tumbling despite accusations of ceasefire violations between the two sides. Although there are still many potential risks, the conflict in the Middle East has not disrupted oil supplies and oil supplies are expected to be more abundant in 2025. The International Energy Agency believes that there is a surplus of supply. is expected to exceed 1 million barrels/day, equivalent to more than 1% of global production. OPEC+ is expected to decide to continue extending production cuts at the upcoming meeting. With stagnant demand and oversupply, OPEC will face an uphill battle if it wants to push up oil prices. On the daily chart, TVC:USOIL The main long-term trend is still down with the price channel as the main trend, pressure from EMA21 and horizontal resistance levels around the 0.236% Fibonacci retracement point sent to readers in previous publications. . In the short term, WTI crude oil has enough room to continue falling with a target of around 66.44USD in the short term, more than 65.28USD. Meanwhile, the Relative Strength Index is also maintaining activity below or around the 50 level, which is considered a bearish signal with the target being the oversold area. As long as WTI crude oil remains at EMA21, it still has a bearish short-term technical outlook, and the trend from the price channel continues to trend in the long term. In the current daily chart, WTI crude oil has a downward trend with notable points listed as follows. Support: 66.44 – 65.28USD Resistance: 69.51 – 70.54USD
TVC:USOILShort
by Xayah_trading
USOIL (WTI)Today's trade setup is informed by a top-down approach, with a focus on the interplay between USD strength and commodity markets, particularly crude oil. During the Asian session, the U.S. Dollar displayed significant strength, which often exerts downward pressure on oil prices due to their inverse correlation. This relationship is rooted in the causality loop between the Dollar Index (DXY), global demand for commodities, and their pricing mechanisms. A stronger dollar typically makes crude oil more expensive for international buyers, reducing demand and weighing on prices. The magnitude of dollar strength in today's Asian session reinforces the likelihood of subdued demand, aligning with our thesis for shorting oil. On the technical side, crude oil futures have approached a key resistance level, which coincides with declining momentum on shorter timeframes confirming our bearish outlook. Furthermore, the overall risk sentiment in the market remains fragile, supporting safe-haven flows into the dollar and away from risk assets like crude oil. Given these factors, a short position in oil aligns with both the fundamental and technical backdrop. Trade risk is carefully managed, with stop-loss placement above the resistance level and targets positioned to capitalize on potential declines toward the next key support area. This trade will be actively monitored for any signs of reversal, particularly in the European and U.S. sessions, as shifts in USD dynamics or geopolitical news could alter the setup.
TVC:USOILShort
by Beclinks_Capital
WTI Crude Oil Market Breakdown: Key Insights and ForecastExpert Analysis of WTI Crude Oil (CFD) on a 1-Hour Timeframe **Current Price Movement:** - **Price**: WTI Crude Oil (CFD) is currently trading at $68.32, down by 0.58% (-$0.40). **Key Technical Analysis Elements:** 1. **Fibonacci Retracement Levels:** - Fibonacci retracement levels are plotted to identify potential support and resistance zones: - 0.382 at $69.9714 - 0.5 at $71.425 - 0.618 at $72.87286 - 0.705 at $73.94035 - 0.786 at $74.93422 - These levels help identify potential reversal points in the price action. 2. **Volume Profile:** - The volume profile on the right side of the chart shows significant trading activity around the $70.46 level, indicating a key area of interest where strong support or resistance may form. 3. **Support and Resistance Zones:** - **Resistance Zones:** The chart indicates significant resistance around $87.07 and $84.72 levels. - **Support Zones:** Strong support levels are marked around $70.46 and $68.32, the latter being the current price level. 4. **MACD Indicator:** - The MACD (Moving Average Convergence Divergence) at the bottom of the chart shows a bearish crossover, with the MACD line (blue) at 0.01 and the signal line (orange) at -0.47. This indicates potential downward momentum in the near term. 5. **Price Action:** - The price is currently below the 0.382 Fibonacci level, indicating a bearish trend. - The chart shows a consolidation phase between the $70.46 and $68.32 levels, with the price testing the lower support. ### Market Sentiment and Trade Recommendations: 1. **Bearish Scenario (Sell Signal):** - If the price continues to stay below the 0.382 Fibonacci retracement level ($69.9714) with strong bearish volume, it suggests a continuation of the downtrend. - **Entry Point:** Below $68.00. - **Take Profit (TP):** - TP1: $67.00 (near support level) - TP2: $66.00 (further support level) - **Stop Loss (SL):** Above $69.50 to protect against sudden upward movements. 2. **Bullish Scenario (Buy Signal):** - If the price rebounds from the current support level ($68.32) and breaks above the 0.382 Fibonacci retracement level ($69.9714) with strong buying volume, it could signal a bullish reversal. - **Entry Point:** Above $70.00. - **Take Profit (TP):** - TP1: $72.00 (near next resistance level) - TP2: $74.00 (near Fibonacci 0.786 level) - **Stop Loss (SL):** Below $68.00 to protect against downside risk. ### Conclusion: This detailed analysis of WTI Crude Oil (CFD) incorporates key technical elements such as Fibonacci retracement levels, volume profile, MACD indicator, and support and resistance zones. By monitoring these levels and volume changes, traders can make informed decisions, setting precise entry and exit points while managing risk effectively. Keep an eye on broader market trends, geopolitical events, and economic data releases that might impact crude oil prices. ### Tags: - #WTICrudeOil - #TechnicalAnalysis - #FibonacciRetracement - #VolumeProfile - #MACD - #SupportAndResistance - #BearishTrend - #BullishReversal - #CrudeOilMarket - #TradingSignals - #MarketAnalysis - #TradingView Feel free to ask if you need more insights or have additional questions! 😊📊
TVC:USOIL
by Alexgoldhunter
WTI - Stability in the Middle East!WTI oil is below the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. If the downward correction continues towards the demand zone, the next opportunity to buy oil with a suitable risk reward will be provided for us. Following the ceasefire in Lebanon, U.S. President Joe Biden announced that in the coming days, the United States will work with regional countries, including Turkey, Egypt, Qatar, and Israel, to achieve a ceasefire in Gaza that guarantees the release of hostages and the end of the war.However, he emphasized that such a ceasefire should not allow Hamas to remain in power. U.S. President-elect Donald Trump plans to impose a 25% tariff on imports from Canada and Mexico on his first day in office. This tariff will also include crude oil, with no exceptions considered. Additionally, Trump is preparing another executive order to lift the suspension on liquefied natural gas (LNG) export permits that was implemented under Joe Biden’s presidency. This executive order might require the Department of Energy to approve pending permits or resume reviewing new applications. This move is seen as part of Trump’s early energy policy agenda. Wall Street has expressed concerns about the potential impact of Trump’s second term on oil prices. Analysts suggest that oil producers may try to boost production before stricter regulations from the Biden era return. However, some experts believe that the nature of shale oil production in the U.S. makes long-term supply increases challenging. Unlike OPEC nations, where oil production is often controlled by national oil companies, oil production in the U.S. is divided among major corporations, independent producers, and private companies. This analysis aligns with Goldman Sachs’ outlook. Goldman Sachs has forecasted that U.S. crude oil production will increase by just 500,000 barrels per day this year, down from the 1 million barrels per day increase seen last year. Nevertheless, the U.S. will still account for 60% of non-OPEC oil production growth, with the Permian Basin in North America expected to grow by 340,000 barrels per day—lower than Wall Street’s initial projection of 520,000 barrels. According to Bloomberg, Russia’s seaborne crude oil exports have reached their lowest level in two months. The four-week average of these exports up to November 24 dropped to around 150,000 barrels per day, marking the fourth decrease in five weeks. This decline is largely attributed to a significant reduction in oil flows to India, Russia’s primary buyer, although weekly exports have seen a slight uptick. Additionally, Saudi Arabia, Russia, and Kazakhstan have issued a joint statement emphasizing the importance of market stability and their commitment to voluntary production cuts under the OPEC+ agreement. In this context, Reuters analysts predict that OPEC+ will likely maintain its oil production cut policy for an extended period due to weak global demand. This group, which accounts for nearly half of the world’s oil production, faces challenges in deciding whether to increase or further reduce production. Increasing production is risky under current conditions, while further cuts may be difficult due to some members’ desire to boost output. Meanwhile, rising gas prices have posed significant challenges for European policymakers this winter. Javier Blas, a Bloomberg analyst, believes that Europe has not yet fully faced the realities of the energy crisis caused by Russia’s invasion of Ukraine. He warns that Europe has overly attributed last year’s successes to favorable weather conditions. However, these conditions have changed, and this winter is expected to bring higher gas and electricity prices. This situation places significant pressure on energy-intensive industries, with many large factories either reducing activity or shutting down. Households, too, will face greater inflation due to higher energy costs. These challenges have also put central banks like the European Central Bank and the Bank of England under pressure. Wholesale gas prices in Europe have risen to €47 per megawatt-hour, which is double the February price and 130% higher than the 2010–2020 average.
TVC:USOILLong
by Ali_PSND
USOIL Will Go Lower! Short! Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 68.67. Considering the today's price action, probabilities will be high to see a movement to 66.63. 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!
TVC:USOILShort
by SignalProvider
1