Trade Oil Like THIS: Price Action Training Live.Price data on oil markets can be very 'readable'. Preferred prices become very visible and lead to higher levels of probability and of course profitability.26:17by WillSebastian5
WTIIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.Longby FXNestFX1
USOil - LongUSOil has given a breakout and reversed the trend, there is bullish divergence too adding confluence. Therefore, going long on USOil.Longby mustafabaig99Updated 1
USOILUSOIL price is near the resistance zone 71.48-71.92. If the price cannot break through the 71.92 level, it is expected that in the short term, there is a chance that the price will drop. Consider selling in the red zone. 🔥Trading futures, forex, CFDs and stocks carries a risk of loss. Please consider carefully whether such trading is suitable for you. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Shortby Serana23242210
XTIUSD / CRUDE OIL @ 70.33: Bigger Picture 01-Nov-2024XTIUSD / CRUDE OIL @ 70.33 Resistances: 77.91/83.91/94.21/126.21 Support: 63.89 As long as 77.89 holds resistances, we can see 68.55/63.89/55/44.50. Reversal from any of these levels, we will see big up move and first target would be 126. Further targest 155/210+by kacraj3
WTI CRUDE OIL Final Resistance test before $77.50WTI Crude Oil hit today the 7 day Falling Resistance. A break above it will be bullish as that has been the case on 2 similar patterns previously. We are ahead of a Golden Cross (1h), which on the 2 previous patterns, has confirmed the uptrend. Trading Plan: 1. Buy if the Falling Resistance breaks. Targets: 1. 77.50 (Resistance 1). Tips: 1. The RSI (1h) is printing a pattern similar to the September run. Please like, follow and comment!!Longby TradingBrokersView227
Oil ShortRound 2 for an oil short Looking to short once oil has closed the gap it made on Sunday. For now oil is in a short term downtrend, if this gap is closed and broken past to the upside then we can expect a more bullish oil in the near future. For now looking at a trendline bounce trade idea. Entry- on the 61.8% Fibo at 70.4 Sl- 65 pips TP- Targeting the 38% of the current fibo structure at 69.15. Confluences: Trendline 3rd touch Key Level 61.8% fibo H6 50EMA (Not strong confluence but its present) Trade safe and catch you later traders ▲Shortby FalkenFx1
Us oil for buyHigher timeframe support zone, + double bottom on the higher timeframe zone.by makindetoyosi24
USOIL Will Move 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 69.00. Considering the today's price action, probabilities will be high to see a movement to 65.47. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider113
Hellena | Oil (4H): Short to support area at 67 (Wave "3").Dear colleagues, I believe that at the moment we have a great opportunity to find an entry into a short position that will bring us many pips. The fact is that the wave “2” of the middle order is completed, which means that the wave “3” of the higher order continues the downward movement in the wave “3” of the middle order. I expect the price to rise a bit more to the 78 level, then I expect the price to drop to the 67 level. It will not be a quick drop, but we will be able to go short several times. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Shortby Hellena_TradeUpdated 262668
Crude Oil (WTI) may rise to 69.90 - 70.65Pivot 67.85 Our preference Long positions above 67.85 with targets at 69.90 & 70.65 in extension. Alternative scenario Below 67.85 look for further downside with 67.25 & 66.70 as targets. Comment The RSI is bullish and calls for further upside. Supports and resistances 71.35 70.65 69.90 68.94 Last 67.85 67.25 66.70 Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson3
CRUDE OIL (WTI): Time to Fill the Gap?!WTI Oil experienced a significant drop at the opening due to tensions between Israel and Iran. Historically, there is a high probability that such gaps will be filled. This presents a potential opportunity for long positions. The price has now reached a crucial daily support level and is consolidating within a narrow range on the 4-hour chart. I have identified a confirmed breakout of a resistance zone within this range, indicating a potential upward movement. It is possible that the oil price will increase and reach levels around 70.00 - 71.00.Longby linofx15520
Bearish reversal off 50% Fibonacci resistance?USO/USD is rising towards the resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 70.14 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 72.32 Why we like it: There is a an overlap resistance level that is slightly below the 61.8% Fibonacci retracement. Take profit: 68.39 Why we like it: There is a pullback support level. 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. Shortby VantageMarkets7
WTI Bullish Momentum: Key Level to WatchHello, The likelihood of a bullish continuation for BLACKBULL:WTI has increased following the recent test of support. Now, it just needs to cross and hold above the 1M pivot point to confirm an upside trend! TradeWithTheTrend3344 by TradeWithTheTrend33441
Bearish reversal?WTI oil (XTI/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support level. Pivot: 709.24 1st Support: 68.44 1st Resistance: 72.88 Risk Warning: 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. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Shortby ICmarkets6
Oil ShortLooking to short Oil. After the large gap from weekend news regarding the strikes on Iran being more about retaliation than targeting the manufacturing supplies there is some downside potential for Oil. Currently trading below the gap, I am looking to trade Oil lower before buying it back up. Buy's right now do not make sense for the strategy. Confluences for the short: -38% fibo -Key Level -Trendline break and retest Entry is now Stop loss is set around 69.64, any higher and the idea is inactive as Oil should begin to push higher after breaking the nearest resistance. Targeting the next support and resistance at the lows created in September. *Remember this is not financial advice I post on here more to give an idea of trading and how I look at the market. Never the less, trade safe and catch you later traders ▲Shortby FalkenFxUpdated 3
Oil is looking to Trend lower to $40 If OIl breaks doesn't hold from the descending triangle, we may be looking at OIl going to previous resistance, which should now be support at $40 Shortby CryptoFallen1
UsOIL Long Buy due to lower Support Hello Traders In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET today XTIUSD analysis 👆 🟢This Chart includes_ (XTIUSD market update) 🟢What is The Next Opportunity on XTIUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters20005
WTI CRUDE OIL Strong rebound on the Support. Buy.WTI Crude Oil / USOIL almost hit the Support A level and rebounded today. This is the exact range where the price made a bullish reversal on October 1st and rose to a new Higher High. Buy and target 78.00 (just under Resistance A). Follow us, like the idea and leave a comment below!!Longby TheCryptagon5
OIL price' s bearish retest#oil MARKETSCOM:OIL price has been bearish for a long time, this month the price took a bounce but i think it' s a bearish retest. Not financial advice.Shortby naphyse0
USOILUSOIL is in strong bullish trend. As the market is consistently printing new LHs and LLs. currently the market is retracing a bit after last LL, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg down could go for new LL. What you guys think of this idea?by JustTradeSignals116
WTICurrent market conditions show trend continuation signals across multiple timeframes, with key levels identified for potential entries and targets.Shortby FXNestFX0
CRUDE OIL (WTI): When the Gap Will Be Filled? I strongly believe that a huge Monday's gap will be filled. The confirmation that I am looking for is a breakout of a resistance line of a horizontal range on a 4H. 4H candle close above the yellow structure will indicate the strength of the buyers and make the market finally start rising. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader1118