OIL September Trading Plans / Range StructureTypically Markets vary in range over time across all timeframes.
It's important to track this and use key price rejection levels (price action) for entries and exits accordingly.
USCRUDEOILCFD trade ideas
US OILPair : Crude Oil
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bearish Channel as an Corrective Pattern in Short Time Frame
Impulse Correction
#CrudeoilCrude is still in deciding zone one watch given lvl or use for there analysis purpose. No buy /sell is being recommended
US CRUDE OIL(WTI): Massive BreakoutUSOIL has dropped below an important daily support cluster, which has now turned into resistance.
It is likely that a bearish trend will persist, with the next support level at 71.78.
CRUDE OIL (WTI) Bearish Outlook Explained
Crude Oil will most likely keep falling soon.
The price violated a key daily horizontal support and closed below that.
We can anticipate a bearish continuation at least to 71.9
Look for selling the market from a supply area based on a broken structure and a falling trend line.
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Hellena | Oil (4H): Long to resistance area 80.432.Dear Colleagues, the price is in a corrective movement and at the moment I believe that wave “b” is coming to an end. The wave completion range is 100%-161.8% Fibonacci extension levels (73.591-75.000). Next, I expect price to rise to the nearest high of 80.432. This is the resistance area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
WTI Oil D1 | Falling to multi-swing-low supportWTI oil (USOIL) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 71.89 which is a multi-swing-low support that aligns with the 61.8% Fibonacci projection level.
Stop loss is at 68.70 which is a level that lies underneath a swing-low support and the 100.0% Fibonacci projection level.
Take profit is at 76.01 which is a pullback resistance.
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OIL in BeasrishOil is still in bearish. waiting price in that zone and wait for confirmation. If no confirmation = no trade (price still uptrend)
[2024.08.28 Wednesday Market Analysis and Opportunity Insight]Hello traders,
In the realm of commodity trading, market fluctuations often align with the influx of information. Nevertheless, as we near the end of the month, a distinct pattern emerges: news tends to quiet down and data liquidity diminishes.
During this period, analogous to calm waters in the market, lies both a challenge and an opportunity. This juncture not only tests a trader's training, sagacity, and skill, but also assesses their resilience.
This week marks the final trading week of August, with extremely scarce news and limited data, indicating a collective anticipation for the September non-farm payrolls data and the interest rate cut scheduled for September 19th.
Given the dearth of news, it would be advisable to rely more on technical analysis.
1. Concentrate on support and resistance levels, along with technical indicators like moving averages and RSI.
2. Decrease trade sizes and establish reasonable stops. Under conditions of limited information, the market could be more vulnerable to unforeseen events.
3. Monitor trading volume: Variations in trading volume may signify price direction. Low trading volume could denote market indecision, while a sudden surge in trading volume could indicate a significant movement.
4. In the absence of short-term information, it may be apt to emphasize and trade in accordance with the long-term trend.
5. Be patient. Refraining from trading when signals are unclear is also a viable strategy. Avoid forcibly engaging in trades due to inactivity.
As advised on Tuesday, the market sentiment for crude oil remains unchanged, and it's recommended to await a pullback position for considering a new single position.
On the 4-hour chart, a retracement target between FIBO 382-618, within the 75.3-73.8 range, is viewed as necessary for the preceding upward wave's retracement. Please refer to Figure III.
P.S. On Wednesday, TP3 /TP4was included as a retracement target, near the 73.80 range.
BEST WISHES!
LEAN MEANS MORE!
USOIL Potential Support Breakout At $72.77 02.09.2024Apply risk management
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USOIL / UNDER BEARISH PRESSURE - 4H
USOIL / 4H TIME FRAME
Tendency , prices is under downward pressure , until trading below turning level at 77.06
Downward Condition : The price is currently demonstrating strong bearish momentum, indicating a favorable market trend. As long as the price remains below the turning level of 77.06 , this suggests sustained downward movement. The first target is the support level (1) at 75.39 , and if this level is breached, the price is likely to continue its ascent toward the next support level at 74.24 . Maintaining a position above the turning level reinforces the market's strength and increases the likelihood of a continued rally, as it signals confidence among buyers and reduces the chances of a reversal. This condition highlights the importance of the 75,39 level as a critical threshold for maintaining the bearish trajectory.
UPWARD CONDITION : An upward trend is anticipated if the price surpasses the turning level at 77.06 , which would signal a rise towards the resistance level (1) at 78.53 . For the increase to be sustained, the price must break through the resistance level (1) to advance to the next resistance at 79.97 .
USOIL / buy above 77.06
SL: 76.80
TP: 78.53
TP: 79.97
USOIL / sell below 77.06
SL: 77.50
TP: 75.39
TP: 74.24
Crude Oil for the next week key buy and sell levels Crude oil for next week with key levels , both buy and sell levels marked up using technical analisis . expecting a drop on open Monday is a holiday in the USA so might not see a lot of volume until Tuesday onwards
USOIL The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for USOIL below:
The price is coiling around a solid key level - 73.59
Bias -Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 75.22
Safe Stop Loss - 72.61
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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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 :-)
Aug close 73.59 bull or bear Watching if there's support at Aug 73.59 bear would test mid fib barn /blue below 65-80 mid range demand -Algos testing 73.75 . gap above 77.5 if /when a bully appears . Keep your stick on the ice . GL - Feel free to boost thx in advance
Aug close 73.59 Watching if there's support at Aug 73.59 bear would test mid fib barn /blue below 65-80 mid range demand -Algos testing 73.75 . gap above 77.5 if /when a bully appears . Keep your stick on the ice . GL - Feel free to boost thx in advance
Oil Crude (WTI) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Trend | Time Frame Conductive | Daily Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | 1 Hour Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
USOIL SELL IDEAUSOIL made a trend change on Friday, which i believe the sellers aren't done, a move below 72.90 will signify a sell to 71.30 and 71.20 Respectively. Goodluck Traders and have a great weekend, see you next week!
USOIL: Move Up Expected! Buy!
Welcome to our daily USOIL prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 74.40
Wish you good luck in trading to you all!
USOIL Is Very Bearish! Sell!
Take a look at our analysis for USOIL.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 73.59.
The above observations make me that the market will inevitably achieve 72.04 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.
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USOIL: Bullish Continuation
Balance of buyers and sellers on the USOIL pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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USOIL BEST PLACE TO BUY FROM|LONG
Hello, Friends!
USOIL pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 5H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 75.25 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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CRUDE OIL (WTI) Bearish Continuation Next Week
Crude Oil will most likely keep falling next week.
The price violated a key daily horizontal support and closed below that.
We can anticipate a bearish continuation at least to 71.9
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