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USCRUDEOILCFD trade ideas

Bearish reversal off overlap resistance?USOUSD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 70.48 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 72.55 Why we like it: There is an overlap resistance level. Take profit: 67.99 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.
VANTAGE:USOUSDShort
by VantageMarkets
61.69% Probability for Bullish USOIL TP!Key Fundamentals Supporting a Bullish Outlook: - OPEC+ Production Cuts: OPEC+ has implemented production cuts to stabilize oil prices, which can lead to a tighter supply and potentially higher prices for crude oil. - Geopolitical Tensions: Ongoing geopolitical issues, particularly in oil-producing regions, can disrupt supply chains, leading to increased prices as markets react to potential shortages. - Economic Recovery Signals: As global economies continue to recover from the pandemic, demand for oil is expected to rise, further supporting bullish sentiment in the market. By combining a bullish bias with a probabilistic approach to trading, I aim to position myself advantageously in the market while managing risks effectively. Feel free to share your thoughts in the comments below! 2W: 2H:
TVC:USOILLong
by Jasminex1x2
Crude Oil 1D 29.09.2024After hitting ATH in March 2022 crude oil tested the level of $65 many times creating it a support level. Within the years the level of 65 was respected and either the price was above or below it for a longer time period. The price is testing this level again while the tension in the Middle East escalates. In the meantime, the price bounced back from the sharpest orange downtrend line. There is also a green downward trend line which has 3 touchpoints and already last for the year. I am discarding the dashed downwards trendline as the top of it was during the start of the pandemic and prices were escalated. Long entry: When the trade will cross the orange trend line and close on the daily timeline above while at the same time being above $65 I will enter to the trade. TP: TP will set on the 100% or the purple Fibonacci retracement or if it will reach the green downtrend line SL: Will observe the trade of it is dropping below $65 if it will drop $62 I will close the trade OR if the weekly candle will close below $65 I will close the trade immediately. Short entry: If the weekly price will drop under the level of the $65 then I will open short position and analyse it further.
TVC:USOILLong
by WiolaTrades
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
FX:USOILLong
by ShahedZare
USOIL Will Explode! BUY! My dear followers, I analysed this chart on USOIL and concluded the following: The market is trading on 68.57 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 69.75 Safe Stop Loss - 67.83 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
1
USOil liquidity sweep expected below 60.00 level**Monthly Chart (Bearish)** USOil August 2024 monthly candle closed bearish. Sept monthly candle is also closing lower and suggesting a move lower to at least test 61.00 to 60.00 levels. **Weekly Chart (Bearish)** Last week's candle closed bearish indicating a continuation of the bearish move at least to take the liquidity below 64.00 level. **Daily Chart (Bearish)** Crude Oil (US Oil) looks bearish after testing 72.00 level for the second time last week which created a double top on the daily chart at the test of the liquidity pool before moving lower. This week, we will be looking at a slight fullback at least to 69.00 before resuming the move lower to target the 64.00 level and then below the 62.00 level.
FX:USOILShort
by PropSignals
USOIL Will Go Higher! Long! Take a look at our analysis for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 67.55. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 71.74 level. 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:USOILLong
by SignalProvider
1
Market Analysis: Oil Price Dips FurtherMarket Analysis: Oil Price Dips Further Crude oil is showing bearish signs and might decline below $66.80. Important Takeaways for Oil Price Analysis Today - Crude oil prices failed to clear the $72.20 region and started a fresh decline. - There is a connecting bearish trend line forming with resistance at $68.10 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to clear the $72.20 resistance zone against the US Dollar. The price started a fresh decline below the $70.00 support. The price even dipped below the $68.00 level and the 50-hour simple moving average. The bulls are now active near the $66.80 level. A low was formed at $66.82 and the price is now consolidating losses. If there is a fresh increase, it could face resistance near the 23.6% Fib retracement level of the downward move from the $72.19 swing high to the $66.82 low. There is also a connecting bearish trend line forming with resistance at $68.10. The first major resistance is near the $69.50 level or the 50% Fib retracement level of the downward move from the $72.19 swing high to the $66.82 low. Any more gains might send the price toward the $70.90 level. Any more gains might call for a test of $72.20. Conversely, the price might continue to move down and revisit the $66.80 support. The next major support on the WTI crude oil chart is $66.00. If there is a downside break, the price might decline toward $65.00. Any more losses may perhaps open the doors for a move toward the $62.50 support zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
1
Bearish drop?USOUSD is rising towards the resistance level which is an overlap resistance that aligns with the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 69.06 Why we like it: There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 71.26 Why we like it: There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement. Take profit: 65.90 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.
Editors' picks
VANTAGE:USOUSDShort
by VantageMarkets
2
WTI Oil H1 | Bearish downtrend to resume?WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 68.28 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 68.90 which is a level that sits above an overlap resistance. Take profit is at 66.21 which is a swing-low support. 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:USOILShort
by FXCM
2