CRUDE OIL Strong Breakout! Sell! Hello,Traders! CRUDE OIL broke the key Horizontal level of 74.34$ So we are locally bearish Biased and a further Move down is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too! Shortby TopTradingSignals111
CRUDE OIL BEARISH BREAKOUT|SHORT| ✅CRUDE OIL is going down Now and the price broke the Key horizontal level of 74.33$ So we are bearish biased now And we will be expecting a Further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx111
USOIL (H2) : THE USOIL TARGETTING USD 80.00 IN THE BULLISH TRENDUSOIL (H2) : THE USOIL TARGETTING USD 80.00 IN THE BULLISH TREND According to this technical analysis, the current trend indicates an upward movement for USOIL. Prices are trading above moving average intersections, and the MACD indicator shows positive signs. Considering this, we can consider buying from the current price of $75, with a profit-taking target around $76 per barrel. Additionally, some traders expect the price to rise further, potentially targeting the resistance area around $80. Keep an eye on the market developments and adjust your trading plan accordingly! 1. Technical Analysis: 1. Trend: The current trend for USOIL is bullish. 2. Moving Averages: Prices are trading above key moving averages, which is a positive sign. 3. MACD Indicator: The MACD indicator also shows bullish momentum. 2. Price Levels: 1. Current Price: $71.74 per barrel. 2. Profit Target: Consider buying with a profit-taking target around $75.57 per barrel. 3. Potential Upside: Some traders expect the price to rise further, potentially targeting the resistance area around $80.00. LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.Editors' picksby Ali_ExplorerUpdated 3737335
Oil to hellHello Peeps, happy end of month to everyone and congrats for each and everyone of you who followed the plan. Oil has been in a descending channel since July 2024 and "TODAY" has been an amazing day for "Shorts" in the market. As per the chart, oil has failed to hold 76 levels, which has attracted bears in the market. Followed by a sharp drop to 75.6, oil has failed to regain territory and pump again, which has made bears even more interested in the market. A first drop from 75.6 till 74.8 took place which continued to the downside until 73.8. 73.8 which an important supp/resist failed to hold which took us on a ride to 73.3 levels, which is a very important level. From there we can observe that oil jiggled multiple times towards 73.8 but failed to breakthrough. We'll thats a "legit bear flag", easy entry to take. short the market wherever it is and expect a drop below 72.8, either by EOM (in a couple of hours) or by Monday morning. I am expecting a drop to 69 levels, as per the chart. the liquidity levels are attractive there. Completion of cycle ABCD ends at 69.3. Trade safe and green/red, keep emotions aside! Shortby T_Shelby_010
Waiting for WTI rebound. H4 30.08.2024 Waiting for WTI rebound Oil WTI has been flattening with pullbacks all week, which is exhausting. My top-up was knocked out together with the rest of the last buy. Although the total plus came out due to partial fixation. Now the price is back to the key support area, it went down to the buyers' zone 73.34-72.63 and near the specified 1/2 margin. There are no large volumes, which is confusing, but they can make a buyback. Therefore, you should look here for confirmations on your strategy. If pushed the zones below, then the price will go to 71.Longby KovachTrader5
USOIL What Next? BUY! My dear friends, USOIL looks like it will make a good move, and here are the details: The market is trading on 74.21 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 75.14 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Longby AnabelSignals2212
Buy Crude OilI think price of Crude Oil reached support and I expect a move up to $80Longby rafael_kyrdanUpdated 1
US Oil Analysis By ForexBee📉 There's a strong flag limit or support area holding the price up for a long time. ⏳ However, this level won't hold much longer and is expected to break soon. 🚨 The price is likely to drop sharply to break Flag Limit 💰 Target price: $57.3. 📊 Stay prepared for potential downside momentum!Shortby ForexBee1112
USOIL potential double bottom patternOn the 4-hour chart, USOIL has formed a potential double bottom pattern. The current market has stabilized and moved upward after falling back to 0.618. The current key resistance above is at 78.75. A breakthrough will hopefully open up the upward space. If the price falls below the 73.43 support, it will test the support near 71.15.Longby XTrendSpeed2
USOIL Downtrend Line Rejection At $76.63 30.08.2024Apply 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) DisclaimerShortby Stuart_Cowell1
wtioil is showing weakness imo. further downside is a great pppotential trade. im in: looking to hold this all the way to 41500. lets see what happensShortby Zone-Trader115
OIL WTI Analysis for the next weeksDo you remember this idea I post last week? www.tradingview.com THIS ANALYSIS IS FOR NEXT WEEKS. FUNDAMENTALS: Price tends to peak in Sep/ Oct as winter is coming. This winter is expected to be really cold. TECHNICALS: -Price has tested twiced the 71.5 zone, forming a W pattern in a 4H chart. -Yesterday retracement to 73.8 zone was a 0.618 fibonacci retracement, looking for some liquidity to continue its upward trend - MACD (12.26) has crossed in the oversold zone and RSI is neutral in 1D chart. EXIT trade when RSI is overbought, not now. I bought at 72 and sell at 75, now I bought at 74.9 and I will split my TP at 84 and 94. My SL is in 73. I will close the position if I see RSI 1D in overbought area. Longby florpalopoli2212
USOILUSOIL is in bullish Trend. AB=CD harmonics pattern also shown that price go upto 79.5. we buy at CMP. As per harmonics pattern our TP 1 should hit.Longby Naqash913
CRUDE OIL TO $160? (UPDATE)Oil prices are up currently up 8% so far from our green, supply zone. Despite that we are still at the START OF THE BULL (BUY) RUN. We are nowhere near the top, so diversify your portfolio & take advantage! Huge buying momentum for the market over the past few weeks, showing you the possibility of which way Oil prices are heading. Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!Longby BA_Investments8
USOIL BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 30m timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 74.10 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals114
WTI Crude Oil on the Verge of a Major Move**WTI Crude Oil on the Verge of a Major Move 🚀** As you can see on the chart, WTI crude oil is currently in a symmetrical triangle pattern, indicating a potential breakout in either direction 🔺. This compression suggests that a significant move could be on the horizon. Once the price breaks out of this compression, confirmed by a strong candle on the daily or weekly time frame, there could be great trading opportunities in the direction of the new trend 📈. At the moment, the likelihood of a downward breakout seems higher. This is because, during the last bounce from the bottom, the price failed to reach the top of the triangle. Additionally, the 50 and 200 moving averages, shown on the chart, are flat, indicating a range-bound market 📉. Keep a close eye on WTI to catch this potential big move and capitalize on the trading opportunities it presents! Trend Analysis, Support and Resistance, Chart Patterns #WTICrudeOil #TrendAnalysis #OilTrading #Tradecitypro #TCP 👉 Don't forget to like, comment, and share if you found this analysis helpful!by tradecitypro3380
Buy OpportunityInstrument: USOIL Position: Buy Entry: 74.25 1st Target: 77.56 2nd Target: 82.40 Stop Loss: 71.69 Rationale: USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors. Targets: Our primary target stands at 77.56, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at82.40, indicating further potential Upside momentum. Stop Loss: To manage risk effectively, a stop loss is placed at 71.69, just below the anticipated Support level. This ensures a controlled exit in case of unexpected market movements.Longby GODOCM228
WTI Oil H1 | Potential bearish breakoutWTI oil (USOIL) is looking to make a bearish break below an overlap support and could potentially drop lower from here. Sell entry is at 74.13 (wait for the 30-min candle to close below this level for confirmation). Stop loss is at 75.10 which is a level that sits above an overlap resistance. Take profit is at 72.81 which is a pullback support that aligns with a 78.6% Fibonacci retracement level. 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.Short03:33by FXCM5
USOILThis setup presents a potential short opportunity on USOIL. The trade is based on the current market dynamics, suggesting a downside movement. The plan involves taking advantage of the anticipated price decline, with Entry, Take Profit, and Stop Loss levels clearly defined. Monitoring price action closely for confirmation before entering is advised. Always adhere to risk management practices to minimize potential losses.Shortby CryptoBullTrades773
USOIL Potential Uptrend Line Rejection At $74.19 29.08.2024Apply 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) DisclaimerLongby Stuart_Cowell114
Potential bullish rise?WTI oil (XTI/USD) is reacting off the pivot, acting as an overlap support, and could rise to the 1st resistance. Pivot: 75.31 1st Support: 72.63 1st Resistance: 78.30 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets6
USOIL BULLISH OUTLOOKBullish Outlook: Some analysts suggest a bullish trend for USOIL, targeting around the $80.00 mark. This expectation is based on technical indicators like moving averages and the MACD, which show positive momentum. Additionally, the price has recently found support near $72.80 and is considered to be in a correction phase, potentially setting up for a rise if it holds above key levelLongby BELLATRIXFX6
USOIL - at support? What's next??#USOIL.. market just reached at his supporting area and importantnt thing is market closed his day candle above his supporting area. That is around 73.90 Keep close that area because if market hold it then again bounce expected from here. Good luck Trade wiselyby AdilHussain731333339