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US Crude Oil CFD

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USCRUDEOILCFD trade ideas

WTI OIL crucial test on the 4H MA50WTI Crude Oil (USOIL) hit yesterday its 4H MA50 (blue trend-line) and just after it broke, the short-term correction took a pause. As long as it holds, there are higher probabilities of initiating the final rally towards the Resistance Zone. If it breaks though, we expect a test of the upper levels of the Support Zone, before the rebound. Either way, our Target is $76.00 (the 0.786 Fibonacci retracement level). This is because we believe it is replicating the September bottoming pattern, where after an initial 4H RSI Bullish Divergence (Higher Highs against Lower Lows), the price rose and got rejected back to the Support Zone, only to rebound to the 0.786 Fib of the previous High. ------------------------------------------------------------------------------- ** 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:USOIL
by TradingShot
1
USOIL H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 68.79, an overlap support. Our take profit will be at 70.62, a pullback resistance. The stop loss will be placed at 68.02, which is a pullback 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. 64% 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. 66% 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
WTI: Crude oil drops amid ceasefire reportsCrude oil prices tumbled on the back of reports of a ceasefire between Israel and Lebanon. The news also sent gold prices lower. If confirmed, this will remove some of the geopolitical premium in oil prices, which had provided support for oil since Israel’s war started. Today's drop means, WTI has held below key resistance around $71.50 - $72.50 range. While below here, any short-term recoveries like we have seen last week would be against the underlying trend. Short-term support around $69.29 to $70.00 was being eroded at the time of writing. A close below here could pave the way for a potential retest of recent lows around $67.00, below which we don't have much in the way of support until $65.00. By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:USOILShort
by FOREXcom
USOIL CHART ANALYSIS – NOV 25📊 USOIL CHART ANALYSIS – Weekly Update 📈 Technical / Naked Price Action ⚖️ Overall Sentiment: Bullish 🐂 🎲 Hello traders! USOIL continues to move in line with our expectations. Last week, we saw Crude Oil test its yearly support zone and fail to break below. The positive Crude Oil Inventories report triggered a short-term bullish momentum , pushing prices higher. Currently, support at $69 appears to be holding firm, and we’re closely watching for buy entries on a retest. 💡 Key Observations: Bullish Outlook: This week, we may see confirmation of a bullish ABC wave move if momentum sustains. Risk Management: While I remain focused on LONG opportunities, traders considering SELL entries should proceed cautiously and watch for signs of market reversal. Critical Event: Keep an eye on Tuesday’s Crude Oil Inventories (EIA) report , as it will likely influence market direction this week. 📌 Trading Tip: Wait for a retest of $69 support before entering long positions. Avoid forcing trades and stay disciplined in your setups. 🧠 Let’s Collaborate! Share your trade ideas, thoughts, and charts in the ⁠💬. How do you think USOIL will play out this week? Let us know! Best Regards, The NFX Team™ 💚
FX:USOILLong
by niclaxfx
Bearish Storm Incoming: Will USOIL Collapse to $67?Key Observations Current Strong High & Invalidation Point (70.34): Marked as Wave 0 and serves as the critical level for invalidating any bearish outlook. If this level is breached, it may signal the continuation of the bullish trend. Primary Distribution Structure: The chart is showcasing Wyckoff Distribution with the following features: Preliminary Supply (PSY): Initial reaction around 69.19 indicates buyers were overwhelmed. Buying Climax (BC): A peak at the liquidity level (approx. 70.34), marking the point of institutional distribution. Automatic Reaction (AR): Subsequent pullback leading to the initial range. Liquidity Traps: Inducement: Highlighted above the fake breakout line around 69.35, trapping retail traders who anticipated a breakout higher. Liquidity Pool: Formation of equal lows near 68.00 suggests stops are building, acting as a magnet for price. Supply Zones and Key Areas: Bearish Order Block (OB): Around 69.35, which aligns with the Point of Control (POC) on the Volume Profile. This zone may act as a resistance for price action. Support Line - AR Distribution: Near 68.88, which aligns with the low-volume node on the profile, indicating minimal institutional activity in this zone. Projected Elliott Wave Count: Current count suggests we are heading into Wave 5 of the bearish cycle. Wave 3: Shows impulsive price action, which broke through liquidity. Wave 4: Retracement has hit resistance within the supply zone. Wave 5 Targets: Potential targets are around 67.42-66.91, which aligns with historical liquidity levels. Creek Formation: The Creek Line indicates minimal resistance in the current path, where a low-resistance liquidity run (LRLR) may accelerate momentum to the downside. Volume Profile Insight: The Point of Control (POC) resides at 69.22, suggesting that most transactions have occurred here. This level aligns with the AR zone, which could act as a decisive battleground. Potential Scenarios Bearish Scenario (Primary): Price fails to sustain above the Bearish OB (69.35) and breaks below the AR line at 68.88. Wave 5 completes at the liquidity pool levels between 67.42-66.91. Bullish Scenario (Alternate): A sharp breakout above the invalid point (70.34) confirms the strength of the buyers and invalidates Wave 5 projections. This would signal a transition from distribution to an accumulation phase.
TVC:USOILShort
by spaceangel
7