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US Crude Oil CFD

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USCRUDEOILCFD trade ideas

Oil Rises on Middle East Tensions Capped by Weak Chinese demandCrude Oil Prices Recover Amid Escalating Middle Eastern Conflict, Weak Chinese Demand Caps Gains Crude oil prices have found support following a larger-than-expected U.S. interest rate cut, and further escalation of the Middle Eastern conflict could drive prices higher. However, weak demand from China continues to limit potential gains. Technical Outlook: As long as the price remains below $71.78, it is expected to stay within the bearish zone, with a potential decline of $68.80. However, a break above $71.78 would signal a bullish shift towards $72.72 and potentially $75.00. Key Levels: Pivot Point: 71.35 Support Levels: 70.60, 68.80, 67.70 Resistance Levels: 72.72, 74.25, 75.35 Expected Trading Range: 71.80 - 68.80 Trend: Bearish while the price remains below 71.78
TVC:USOILShort
by SroshMayi
WTI LONG I've decided to open a new long position in oil FPMARKETS:WTI , despite the odds not being particularly favorable. My reasoning is based on observing strong support at the daily Fair Value Gap (FVG), which I had been waiting for to confirm a solid reaction before entering. On the weekly chart, the outlook leans more bearish, and this week’s performance will be crucial in determining the market's clear direction. While the 1-hour chart shows a decent reaction, it’s from a lower timeframe, which doesn’t carry much weight in terms of broader market strength. Looking at the daily timeframe, the market structure is not encouraging. We’ve seen a consistent pattern of lower swing lows, adding pressure to the overall setup. Trading management However, on the 15-minute chart, this trade aligns perfectly with my approach: stop-loss just below the wick, as the candlestick has shown strong respect for this level. My take-profit is targeting liquidity on the buyer’s side. I plan to take partial profits at $71.46 and move my stop-loss to break even. 71.46-->RR: 4.19 74.24-->RR: 7.54 Capital risk: 1%
FPMARKETS:WTILong
by Jaytradermb
Crude turns lowerOn the first Tuesday of this month, when traders returned after the long US Labor Day weekend, front-month WTI slumped below $65 per barrel to hit its lowest level since May 2023. This proved to be the culmination of a 23% decline which began in early July. Oil was very oversold, and prices subsequently turned higher, but not aggressively so. In fact, it took a fortnight for WTI to get back above $72 for a total gain of 11%. Two days after this most recent high, crude is back below $68, for high-low swing of over 7%. In other words, it has taken just two days to wipe out over 60% of the gains which took two weeks of grind to build. As with most things in life, it’s so much easier to knock something down than to build it. Now crude is in an interesting juncture. Could this just be a straightforward correction ahead of a more protracted, and larger, turn higher? Or is it the first leg in the resumption of a bear market? It appears that Saudi Arabia’s decision to ramp up production and abandon its $100 price target triggered the latest sell-off. But it also seems apparent that as far as oil traders are concerned, there’s zero belief that China’s proposed stimulus measures announced earlier this week, will do much to bolster the country’s ailing economy.
TRADENATIONSB:WTI
by TradeNation
USOIL / TRADNING ABOVE SUPPORT LEVEL AT 67.19 - 4H USOIL / 4H TIME FRAME HELLO TRADERS Price Decline of 7.16%: The analysis suggests that there has already been a price drop of 7.16%. This could be the starting point for further analysis or an event that has already occurred. Breaking and Stabilizing Below 67.19: The level 67.19 seems to be a significant support or resistance point. If prices break below 67.19 and stabilize, it indicates a bearish trend. This might suggest that further declines are likely. Further Decline of 9.71%: Should the price fall and stabilize below 67.19, the analysis anticipates an additional 9.71% decline. Current Trading Above 67.19: Presently, prices are still above the 67.19 level, signaling that the market has not yet broken this key point. Expected Increase of 10.36% : The text predicts an upward movement of 10.36%, potentially implying bullish momentum if the price continues to hold above 67.19. Possibility of Further Increase: There’s a suggestion that the price could rise even more beyond the 10.36% increase if current trends hold. Technical Analysis: Current Market Condition: The asset is under bullish pressure , As long as the price remains above 67.19, the bullish momentum is expected to continue. Upward Condition: - Target 1: If the price trades above 67.19, it's expected to rise to 71.51. - Target 2: If the price stabilizes above 71.51, the next target is 72.16. Downward Condition: - If the price falls below 67.19 , it suggests a potential decline: - Target 1: A decline to 65.34. - Target 2: If it breaks below 65.34, further decline is expected to 63.93.
TVC:USOILLong
by ArinaKarayi
WTI Oil H1 | Downward momentumWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 68.70 which is a pullback resistance. Stop loss is at 70.10 which is a level that sits above the 50.0% Fibonacci retracement level and 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
1
USOIL WTI Technical Analysis and Trade Idea👀 👉 USOIL WTI recently broke structure to the down side, as seen on the 4H timeframe. In this video, we closely examine USOil, discussing the trend, market structure, and price action. We also explore a potential trade setup. **Disclaimer:** Forex trading involves significant risk, and market conditions can change quickly. The information provided is for educational purposes only and should not be considered financial advice. 📉✅
TVC:USOILShort
by tradingwithanthony
WTI Crude Oil 4H Long – Targeting 0.5-0.7 Fibonacci LevelsWe’re seeing a breakout on the 4-hour chart for WTI Crude Oil, presenting a potential long trade setup. The price is targeting the 0.5 to 0.7 Fibonacci retracement levels. However, we may experience a retest of the breakout level before the trade fully reverses and moves towards the targets. Technical Analysis: • Breakout Confirmation: The recent price action has broken through resistance, indicating a potential shift to bullish momentum. • Fibonacci Levels: The 0.5 to 0.7 Fibonacci levels are key areas of interest, aligning with possible resistance where the price might stall or reverse. • Retest Potential: There’s a possibility that the price could retest the breakout zone before resuming its upward movement, which is a common pattern following breakouts. Trade Setup: • Entry: Consider entering a long position either at the current level or on a potential retest of the breakout zone. • Target: The primary targets are the 0.5 to 0.7 Fibonacci levels, which represent areas where we may see the price consolidate or reverse. • Stop-Loss: Place the stop-loss below the recent low to protect against a false breakout. Since this is a swing trade on a 4-hour chart, be prepared for the trade to develop over a few days, potentially extending into weeks. Risk Management: • Position Sizing: Adjust your position size to account for the potential duration of this swing trade, ensuring that you’re comfortable with the longer timeframe and any market fluctuations that may occur. • Trailing Stop: If the trade moves in your favor, consider using a trailing stop to lock in profits while allowing the trade to continue running towards the target levels. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
OANDA:WTICOUSDLong
by AR33_
9
Oil Is On A SLIPPERY Slope!You get it, because oil is slippy and price is going down? Just ignore my terrible dad jokes. $63.50 is an area i can see price pushing down to, we have had the classic break and retest of a key area already ($72) In August of this year price used this level as strong support pushing up $10 and $7 dollars respectively before breaking through! Again it made a $7 move once it broke below the $72 level before coming back up to retest this broken support as resistance yesterday. We have already had a nice little push down today and over the next few weeks we will see this continue down to our $63.50 level. Why is this level significant? Because if you go onto the monthly chart you will see this level has been very well respected both as support and resistance historically. $72 would obviously have been the perfect time to enter but unless you have a time machine you wont see this post till today, so now is still a good entry point as long as you are not over risking to allow for a little correction.
TVC:USOILShort
by offthechartsfx
Important update WTI. H4 26.09.2024WTI Important update Past WTI oil buys didn't manage to get fully developed and the overall correction ended near the nearest resistance at 72.00. On the downside, large volume was poured at 69.65 and eventually gave a push to the downside, thus forming a sellers zone. I believe the overall upward correction is over and will break the lower boundary with downside potential to 64.50 to the block option spread. Then we will watch the culmination below if given, but for now selling is the priority. BLACKBULL:WTI
BLACKBULL:WTIShort
by KovachTrader
WTI Price Outlook: Key FactorsThe price of WTI is hovering around $69.60 per barrel, remaining at relatively low levels compared to recent peaks. However, several signals suggest a potential reversal towards an upward trajectory. The reduction in U.S. crude oil inventories, reported by the EIA, was significantly larger than expected, with a drop of 4.471 million barrels compared to the forecasted 1.2 million. This signal of shrinking supply could exert upward pressure on crude oil prices. On the other hand, the effectiveness of recent economic stimulus measures adopted by China, the world's largest oil importer, remains uncertain. If these measures fail to stimulate demand, crude prices could face downward pressure. Additionally, rising tensions in the Middle East, particularly after an Israeli airstrike that killed a Hezbollah commander, increase the risk of a potential supply disruption from the region. From a technical standpoint, WTI is currently in a consolidation phase. If prices manage to break through the key resistance level around $70-72 per barrel, a bullish breakout could occur, supported by increased trading volumes.
TVC:USOILLong
by Forex48_TradingAcademy
1
USOIL - Short Trade Idea (26th Sept 2024)This is my analysis on USOIL. So, what my eye catches is the ascending sellside trendline liquidity being build up. We have a recent touch on it, retracing into a weekly SIBI. Based on this, I am anticipating us trade quickly down into a monthly BISI as my initial target. The stoploss I set is based on the current swing high. A wider stoploss could be adopted to weather any sort of wick damage happening during high impact news. Let's see how this plays out. - R2F
TVC:USOIL
by Road_2_Funded