Another Long on OilBreaking highs from today, took entry off 30min close above resistance. Looking for 40-50c up from here. Oil is bullish since mid east conflicts and worries about shortages.
USCRUDEOILCFD trade ideas
CRUDE OIL TO HIT ATH OF $160?! ⭕️Wave 3 Impulse Move Complete.
⭕️Wave 4 (3 Sub-Wave) Correction Complete.
⭕️Wave 5 (Wave I & II) Complete. Wave III In Progress.
OIL_CRUDE/LONGThe whole world is waiting for Israel's response, and there is no doubt that they will respond to the attack on them. The main question is whether they will hit Iran's oil fields EXACTLY. Until tensions begin to ease, prices will remain high with an upward trend.
In theory, prices could go up quite a bit and we could even see triple digit oil prices if the oil wells get hit.
USOILUSOIL is in reversal mode.
Bearish divergence also shown in RSI.
We wait for the further confirmation if it will break the last LL.
Then we will execute trade.
CRUDE OIL TO HIT $160?! (UPDATE)Oil prices are up currently up 9% so far from our green, supply zone. Despite that we are still at the START OF THE BULL (BUY) RUN. We are nowhere near the top, so diversify your portfolio & take advantage! Huge buying momentum for the market over the past few weeks, showing you the possibility of which way Oil prices are heading.
Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
Pushing higherOil prices were sharply higher this morning, building on last week’s gains. Last week, front-month WTI recorded its strongest week since March last year, tacking on over 9%. In fact, from last Tuesday’s low to this morning’s high, WTI is up 14%. The turnaround has come on the back of escalating hostilities across the Middle East. The biggest concern is that Israel now targets Iran’s oil refineries and other energy infrastructure. This would crimp supply, but also mark a huge step up in hostilities between these two major players. Yet there are still powerful forces weighing on crude prices. Supply remains plentiful, with OPEC+ continuing to hold back production to keep prices elevated. Meanwhile, it’s the US which is now the world’s biggest producer, and not restrained by OPEC+ rules. The demand growth outlook remains uncertain, particularly where China is concerned. The Chinese economy continues to suffer as it deals with the collapse in its property market. Recent stimulus has helped feed the rally in crude. But investors are also considering how alternative energy sources will affect future demand for crude. Not just renewables, but also natural gas, which despite a recent pick-up in prices, remains historically cheap relative to oil.
USOIL - BULLISH DOUBLE BOTTOMHello Traders !
On the daily time frame, The USOIL reached a strong support level (63.61 - 66.67).
The price formed a double bottom pattern.
Currently, The neckline is broken !
So, I expect a bullish move🚀
_________________
TARGET: 75.80🎯
USOIL Short - You're Too BullishMajor HTF Levels awaiting you at the swing high while majority is long. What could go wrong?
WTI Oil H4 | Potential bullish breakoutWTI oil (USOIL) is rising towards a potential breakout level and could climb higher from here.
Buy entry is at 75.11 which is a potential breakout level.
Stop loss is at 72.75 which is a level that lies underneath a pullback support.
Take profit is at 78.62 which is an overlap resistance that aligns close to the 78.6% Fibonacci projection level.
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Hellena | Oil (4H): Short to support area at 64.617.Dear colleagues, it seems that the price is in a downward movement and at the moment the price is forming wave “2” of lower order.
I assume that after the formation of wave “2” (72.299), the price will start to form wave “3” of lower order.
The nearest target is the support area at 64.617.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USOILThis trade idea outlines a short opportunity on USOIL, targeting a potential decline in price. Market conditions suggest a possible pullback or correction, offering a favorable risk-to-reward scenario. Entry, Take Profit, and Stop Loss levels are clearly marked on the chart to guide execution and risk management. As price approaches key resistance areas, this setup aims to capture the downside move while maintaining strict risk control.
USOIL💹
Outlook: Starting out with the 5hr chart, price has been accumulating all last week. Price has shown a valid correction and has re-accumulated. I am now scaling down to the 30m chart and waiting for price to show me bullishness and impulse above the 10 and 20emas before I scale down to my 5m entry timeframe.
Bias: Bullish but needs time on the 30m time frame to show conviction above the 10 and 20emas.
New To Marking Up OilI just started really marking up Oil. So my confidence is still growing. But Im watching to see if the market breaks this green trend line or respects it.
Market Retest at 72.09 Before Upward Move to 82.712"The market is expected to drop to 72.09 for a retest before reversing direction and moving upward, potentially reaching 82.712.
usoilusoil will continue up swing based on the structure of the market.
oil is going long dont get it wrong
USOILOIL price to be on the bullish based on the weekly candle breaking long term resistance.
i expect oil to go long, the geopolitical tension in the middle east could set a massive buy rally for usoil.
$20 Spike if Israel Hits Iran’s Oil? The Israeli military warned that its response to Iran’s missile attack would be “serious and significant,” as Goldman Sachs forecasted that oil prices could surge by $20 per barrel if Iranian production is disrupted.
Daan Struyven, Goldman’s co-head of global commodities research, stated on Friday that a "sustained drop of 1 million barrels per day" in Iranian output could lead to a peak increase of $20 per barrel next year, assuming OPEC+ does not immediately boost production, which typically requires time to implement. However, if key OPEC+ members like Saudi Arabia and the UAE step in to offset some of the supply loss, the price impact could be more moderate—around $10 per barrel, Struyven added.
Goldman did not offer a specific price forecast if Israel were to target Iran's nuclear facilities, a scenario raised after Republican presidential candidate Donald Trump suggested such a strike was appropriate to recent missile activity from Tehran.
oil long and shortbullish week last week expect a pull back where bulls will step in trying to push higher expect sellers to enter at the weekly high later in the week tug of war this week
3 points on trendline expect a bounce then to be manipulated before any long buys
week after look to sell on a range at the breakout do the opposite to everyone else your not supposed to win
WTI OIL📊 #WTIUSD
⏱ TIME: 1H
📝Important oil ranges for this week
⭕️risk: mid
📍The initial buying limit: 72$ and 69.7$
CRUDE_OIL - Up movement Hi my friends, I'm observing OIL_CRUDE for a buying opportunity around these two sell areas. They are strong resistance zones and and I think we will see a push back and a change in the direction to the upside to the both potential targets.
Please comment and share your opinion.
USOIL: Short Signal with Entry/SL/TP
USOIL
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell USOIL
Entry Level - 74.39
Sl - 75.86
Tp - 71.60
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Will geopolitical tension support oil prices?
Kazakhstan planned to cut its oil output, while Russia reported lower production in Sep, restricting the supply.
Meanwhile, the heightened geopolitical tension in the Middle East increases concerns over oil production and transport.
At the same time, market participants remain optimistic about the US economy, which could support oil demand. Today's NFP release may provide insights regarding the US job markets.
USOIL has significantly recovered from its low last month. The price retested its support at 67.50 USD per barrel before closing above its psychological support at 70.00 USD per barrel.
If USOIL sustains its upward momentum, the price may retest the following resistance at 75.00 USD per barrel.
On the contrary, USOIL may return to 70.00 USD per barrel if the price retraces before its continuation.
USOIL potential buysThe overall market trend is still bearish. However, the market is currently in a counter trend to the upside.
DanB
