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US Crude Oil CFD

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USCRUDEOILCFD trade ideas

Crude Oil - 5 lines bearishIf we look at Crude Oil on the daily chart with Ichomoku perspective 1. Kumo - price is below Kumo, telling us Sellers are in control. 2. Span A and Span B - borders of the Kumo are both facing down steeply. 3. Tenkan Sen is below Kijun Sen - telling us the medium term is bearish. Both lines are facing down. 4. Chikou - is both below and well clear of recent price action. This is bearish. For next week the bias is to search for Short Opportunity's. The intraday chart shows price consolidating in a Descending Triangle, before a breakdown in the last trading session. Ideally would like to see a retest of this structure as resistance, before the next wave down. Projected targets are based of this retest from 65.25 - 67.50
ICMARKETS:XTIUSDShort
by Umlingo
Oil Collapse | WTICOUSD About to Give it Up!I called the oil top in June 2022 and I have been building / holding a massive leveraged short position ever since then. This market will take YEARS to recover, after the current selloff is complete. I will continue to cover the devastation, along the way. Don't listen to the media - they are lost. Question your "advisors" - they are going to encourage you to "stay invested", it's what they do. Ultimately, the decision to ride out this market will cost you dearly. If you are able, GET OUT OF THE MARKETS. There is nowhere to hide!
OANDA:WTICOUSDShort
by ChiefMacro
2
WTI Crude Oil USOUSD LongIn my humble opinion, the worst seems to be over for oil. Trading Idea: After analyzing multiple sessions, I noticed how well the price has absorbed the recent drop, reclaiming the liquidity distribution from last month. There’s no strong indication of further downside. The Asian session has brought it into a solid accumulation range. I’m looking for an entry within the lower zone, aligned with a 15-minute FVG. Trade Management: Once the rally begins, I plan to take partial profits (40%) at yesterday’s NY session high, and let the remaining position run toward the swing high. I’m targeting a rally up to the $73 area, but will wait for additional high-probability confirmations as the rally unfolds. Risk: 0.50% R/R: 6.78
VANTAGE:USOUSDLong
by Jaytradermb
Supply/Demand Analytics on 2024 Oil: IEA-EIA Demand ProjectionDear Esteemed Members, There are several fundamental factors that could support the oil price reaching $76.09 per barrel, which is the highest level since November 2014. As the global economy rebounds from the pandemic, the demand for oil is expected to increase, especially in the second half of 2024. The International Energy Agency (IEA) projects that global oil demand will grow by 5.4 million barrels per day (bpd) in 2024, reaching 99.6 million bpd by the end of the year. The OPEC+ group of oil producers, led by Saudi Arabia and Russia, has been maintaining a cautious approach to increasing output, in order to balance the market and avoid oversupply. The group agreed in April to gradually raise production by 2.1 million bpd between May and July, but this is still below the pre-pandemic levels of output. Moreover, Saudi Arabia has voluntarily cut an extra 1 million bpd from its production since February, which it plans to phase out by July. The US shale industry, which was hit hard by the price collapse in 2020, has been showing signs of discipline and prudence, focusing on improving cash flow and shareholder returns rather than expanding production. The US oil rig count, a proxy for drilling activity, has increased by about 100 rigs since the start of the year, but it is still more than 300 rigs lower than a year ago. The EIA estimates that US crude oil production will average 11.2 million bpd in 2024, which is 0.3 million bpd lower than in 2020. The oil market is always susceptible to geopolitical tensions and conflicts that could disrupt supply or create uncertainty. Some of the current hotspots include Iran, Libya, Nigeria, and Venezuela. Iran, which has been under US sanctions that limit its oil exports, is engaged in indirect talks with the US to revive the 2015 nuclear deal, which could lead to a lifting of sanctions and a return of Iranian oil to the market. However, the outcome of the negotiations is uncertain and could face opposition from hardliners in both countries. Libya, which has been plagued by civil war and instability, has seen its oil production fluctuate due to frequent attacks and blockades on its oil facilities. The country is currently producing around 1.2 million bpd, but it faces challenges in maintaining and increasing its output amid political and security risks. Nigeria, Africa’s largest oil producer, is facing social unrest and militant attacks that could affect its oil infrastructure and exports. The country is also struggling to implement a long-awaited reform of its oil sector, which could improve its governance and attract investment. Venezuela, which has the world’s largest proven oil reserves, has seen its oil industry collapse due to mismanagement, corruption, and US sanctions. The country’s oil production has fallen from over 3 million bpd in the late 1990s to less than 0.5 million bpd in 2020. Kind Regards, Ely
TVC:USOILLong
by Elysian_Mind
USOIL Potential Downtrend Line Breakout At $69.79 06.09.2024USOIL: Potential breakout above $69.79 on 1hr chart. Target: $70.74, $71.50 if breakout holds. Support: $68.57, $67.02 if breakout fails. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
TVC:USOILLong
by Stuart_Cowell