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Crude oil can reach 80📈 Crude Oil Alert! 📈 Hey traders! Crude oil is showing potential for more upside momentum. Here's why I'm bullish: 20-day MA Support: The recent pullback found solid support at the 20-day moving average on the daily chart—a key level to watch. Seasonal Strength: We're in a strong seasonal window for crude, historically a growth period. Consensus Fair Value: Analysts peg the $80 zone as a fair price, adding to the bullish case. Keep an eye on these levels—this could be a solid opportunity! Happy trading! 🚀
TVC:USOILLong
by Quantili
USOIL Uptrend Line Breakout At $77.05 15.08.2024Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
TVC:USOILShort
by Stuart_Cowell
WTI OIL Short-term pullback possible but doesnt change the trendLast week (August 06, see chart below), we made a strong bullish case on WTI Crude Oil (USOIL) and why on the 1M time-frame, the long-term target is $110.00, a symmetric approach on the 10-year Super Cycles: Today we shift back to the shorter term 1D time-frame, as the price went from $73.00 to $80.00 within a week, and we are looking for potential pull-backs. Short-term corrections on medium-term Channel Ups have been common in the past 1.5 year and are displayed by the red ellipse patterns. Yesterday's rejection took place on the 1D MA100 (green trend-line), which is something that also took place on January 29 2024. Assuming that a new Channel Up will emerge, we expect it to reach at least the 1.5 Fibonacci extension at $91.50, similar to the April 05 2024 High. There are numerous Resistance levels involved this time however, with the strongest being the Lower Highs trend-line that started after the September 28 2023 High. As a result caution is advised once the price approaches that level. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
OIL: inside day, first red day, 3 days pump and dumpHi 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, the inside day can give either a reversal or trend continuation setup, depending on how it sets up. It's just broken out, eventually it will consolidate till 10:30am MRN, I would be willing to take a reversal LOD back to the HOD of the inside day. Short: primary, potential weekly pump and dump, price currently on the backside move. Not really the 3 session setup I like to trade, but space enough to take a good RR short trade. 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
US crude rally loses strength as demand concerns reappear The combination of improved risk appetite and growing geopolitical tensions has benefitted oil prices after their sustained pullback last week. US crude (WTI) managed to push above $80 per barrel on Monday for the first time in three weeks as buyers rushed to get in at more favourable levels after the price of a barrel dropped to $72 earlier last week. But Tuesday’s trading saw some indecision creep into the bullish setup as slowing global demand overshadowed supply concerns after the International Energy Agency and OPEC flagged softening consumption in China this week. Meanwhile, the American Petroleum Institute (API) reported a drawdown in U.S. crude inventories of 5.2 million barrels, far more than the 2 million forecasted. Further inventories data will be released today, which alongside the US CPI data, could bring some volatility to oil markets. For now, WTI seems a little lost for direction just below its key support/resistance range of 80.65 – 82.54. The RSI has started to lose strength in the rise above the 50 mark which suggests a possible lack of commitment for the rally to go further. $80.22 seems like the immediate resistance to break, whilst support could arise at the 200-day SMA at $77.89.
BLACKBULL:WTI
by Capitalcom
WTI Oil H4 | Bullish uptrend to resume?WTI oil (USOIL) has bounced off a pullback support and could potentially climb higher from here. Buy entry is at 78.66 which is a pullback support. Stop loss is at 77.90 which is a level that lies underneath a pullback support. Take profit is at 82.01 which is a pullback resistance. 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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
USOIL Uptrend Line Rejection At $78.53 14.08.2024Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
TVC:USOILLong
by Stuart_Cowell
$OIL RegressThe current Oil downfall is explained with a set of recent news: OPEC on Monday cut its forecast for global #oil demand growth in 2024 citing softer expectations for #China, a reduction that highlights the dilemma faced by the wider #OPEC+ group in raising production from October. Chevron (NYSE:CVX) has achieved a technological breakthrough, producing first oil from a U.S. Gulf of Mexico field under extreme subsea pressures, the energy company said on Monday. At its peak, the floating platform will pump up to 75,000 barrels of oil and 28 million cubic feet of natural gas a day. The field is about 140 miles (225 km) off the coast of Louisiana. The oil market is poised for a significant correction in the fourth quarter of 2024, driven primarily by increasing supply/demand surpluses. While oil prices have been recovering from previous lows, the fundamentals suggest that the market is headed for a downturn, as per analysts from Macquarie in a note dated Monday. China's change in the total value of outstanding bank loans issued to consumers and businesses is only 250B, with forecast of 1,280B. Borrowing and spending are closely correlated with consumer confidence. Reuters: Greater operating efficiencies in the top U.S. shale patch are squeezing out more oil without higher spending, according to the latest output numbers, which will boost global oil market supplies.
FXOPEN:XTIUSDShort
by TradinSides
1
8.14 Crude Oil Trend AnalysisShort at 80 points Last week I predicted that the oil price would reach 80. As I expected, the oil price peaked at 80.58 and then fell back to around 78.4. The panic in the stock market last week led to a large sell-off of crude oil, which also gave us a good opportunity to enter the market. The oil market ignored the tension in the Middle East. Now the situation in the Middle East has been repositioned and the oil price has returned to 80. This prediction went very smoothly. My personal suggestion is "Profit-taking Exit" Although the situation in the Middle East is not very clear, it has not yet reached an uncontrollable situation. Now is a good time to exit. When the market is in panic, it also brings opportunities for traders to enter the market. I wonder if you have seized this opportunity.
TVC:USOILShort
by David_strategy
USOIL ( BREAKOUT LAST SUPPLY ZONE ) ( 4H )USOIL HELLO TRADERS after breakout last supply zone , the price stabilizing up trading , on the Friday price can be breaking supply zone and starting a rising , currently it will be attempt to reach a next supply zone around 78.56 . Tendency , after price breaking a supply zone , currently price is under upward pressure . Upward Zone : currently price trying to reach a resistance level (1) at 78.56 , possibly of the price retest a turning level at 76.37 before rising , breaking resistance level (1) with remain this level it continues the upward trend to touch resistance zone between 81.02 and 83.53 . Downward Zone: by breaking turning level with closing 4h candle below it , the price decline to reach support level (1) 74.76 , after remain below this level we see a downward trend to reach a regions 71.80 and 69.64 . CORRECTIVE : currently price it will be attempt for retest to reach a turning level at 76.37 before to see upward trend . TARGET LEVEL : RESISTANCE LEVEL : 78.56 ,81.02 , 83.53 . SUPPORT LEVEL : 74.76, 71.80 , 69.64 .
TVC:USOILLong
by ArinaKarayi
usoil on a bull move for the week ahead this week I will be with the Bulls on My 4hr tf as they try and push the price up what the so-called big institution is doing currently is that they want to liquidity the remaining orders that left the 80.03 zone which also happens to be the extreme premium zone but before that will face turbulence along the trend with constant reversal,s I was expecting a reversal on the 50% fvp which has not yet happened but for the moderate trader, they can gather there 1st @ 82.22 on my first legitimate o.b I like trading with the big boys R.R 1:2 OR 1:3 depends on individuals capabilities So this week am with the Bulls good luck to all my traders.
TVC:USOILLong
by que
Crude Oil: Fundamental Analysis – Next Stop $80?Current Oil Price Dynamics: Oil prices are under upward pressure due to a mix of geopolitical tensions and supply constraints. The recent surge in prices reflects growing concerns over potential Iranian retaliation following recent events in the Middle East. This geopolitical uncertainty has led to increased trading volumes and heightened volatility in the oil markets as traders hedge against further disruptions. Supply Constraints: Significant supply issues are driving prices higher. Disruptions in Libya and economic struggles in Saudi Arabia, compounded by OPEC+ production cuts, have tightened global oil supply. The removal of Libyan oil from the market and Saudi Arabia’s economic challenges due to low oil revenues are contributing to a constrained supply environment. US Production and Inventories: In the US, rising natural gas production is pressuring gas prices downward, while a notable drawdown in crude oil inventories has bolstered bullish sentiment. The drop in US crude stocks to six-month lows underscores strong demand, which, when coupled with supply constraints, supports higher oil prices. Broader Trends and Market Reactions: The global energy market is shifting, with decreasing coal demand in Europe and increased renewable energy capacity in China influencing trends. Weaker EV sales in China, particularly from Tesla, might impact global oil demand, but renewable energy growth continues to drive long-term changes. Venezuela’s Production Impact: In Venezuela, increased oil production amidst political instability adds to global supply, partially offsetting some of the supply constraints from other regions. Risks to Remember: Geopolitical Escalation: Potential further escalation in the Middle East could lead to sharp price spikes and increased volatility. Supply Disruptions: Ongoing issues in Libya, economic struggles in Saudi Arabia, and geopolitical tensions could continue to affect oil prices. US Production Trends: Variations in US natural gas production and inventory levels may influence broader energy markets and oil prices. Market Sentiment: Reactions to geopolitical events, trading volumes, and technical indicators can drive significant short-term price movements. Economic Factors: Broader economic trends, including shifts in energy demand and production, especially in emerging markets like China, can impact long-term oil price trends. For further details on the technical analysis of ICMARKETS:XTIUSD , check out my in-depth technical analysis Happy Trading!
ICMARKETS:XTIUSDLong
by its-ahmad