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US Crude Oil CFD

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USCRUDEOILCFD trade ideas

Why Trump Won't Push Oil Prices to $50I’m not really convinced that Trump cares about oil prices being at $50 a barrel. The U.S. is the biggest oil producer out there, and at that price, a lot of oil fields are going to struggle to stay profitable because of inflation and rising costs. Plus, American oil companies can’t just devalue their currency to cushion the blow from falling prices, so I doubt Trump would intentionally drive prices down, especially since those companies backed his campaign. And let’s be real—low oil prices aren’t exactly great for Elon Musk, who was a key player in getting Trump elected. When do you think consumers are more likely to look at electric cars? When gas prices are high or low? The answer seems pretty obvious. The only thing that might push oil prices down to $50 is a looming recession in the U.S., but that’s a whole different ballgame and not really about Trump. Besides everything else, today there was noticeable activity from 'robots' in the oil market. The last time I saw this was in 2021 with oil... during Trump's last term. Coincidence?
TVC:USOIL
by ClashChartsTeam
$72.25 Break Could Push Oil to $75.8 HighsFxNews —The October 24 high at $72.25 is the immediate resistance. The uptrend will likely resume if bulls close and stabilize the price above this level. In this scenario, the next bullish target could be $73.4, followed by $75.8, the 78.6% Fibonacci retracement level. Please note that the Crude Oil bullish outlook would be invalidated if crude oil prices fall below the $69.7 immediate support. Support: 69.7 / 68.3 Resistance: 72.25 / 73.4 / 75.8
TVC:USOILLong
by FxNews-me
Could the price reverse from here?WTI oil (XTI/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 38.2% Fibonacci support. Pivot: 72.44 1st Support: 70.26 1st Resistance: 75.15 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.
ICMARKETS:XTIUSDShort
by ICmarkets
WTI, back at major order block support -- BOUNCE expectedWTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at 69.0 TAYOR. Safeguard capital always. -------- RELATED NEWS: Reuters Oil prices settle more than 3% higher after China rate cut By Stephanie Kelly NEW YORK, June 13 (Reuters) - Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China's central bank lowered a short-term lending rate for the first time in 10 months, boosting crude prices after steep losses the previous session. The rate cut is aimed at adding momentum to a hesitant post-pandemic recovery in the world's second-largest economy and biggest crude importer. Brent crude futures settled up $2.45, or 3.4%, to $74.29 a barrel. U.S. West Texas Intermediate (WTI) crude gained $2.30, or 3.4%, at $69.42 a barrel.
BLACKBULL:WTILong
by JSAL
25
Oil analysis for the week.“Oil - USOIL” At the last high reached by oil prices at 78.40 dollars per barrel, a 61.8% upward correction occurred according to the Fibonacci sequence, which is more than enough to start a downward impulse and was already by nearly a thousand pips, and the movement continued after that in a wobbly manner until a Trendline or upper wedge was formed for the descending corrective channel, so we notice in the picture the presence of the level in red, which was the closing of last week, and thus there was a bullish price gap at the opening. Thus, there was an upward gap at the opening. Now the price is at 71.70 We expect the upward movement to touch the green-colored sub-trendline area and expect a simple tail above the target of 74.21 It is also possible to continue it to the fictitious line level at about 74.75. From there, a corrective move down. This and God knows best.
TVC:USOILLong
by MohAmjad
Oil ShortRound 2 for an oil short Looking to short once oil has closed the gap it made on Sunday. For now oil is in a short term downtrend, if this gap is closed and broken past to the upside then we can expect a more bullish oil in the near future. For now looking at a trendline bounce trade idea. Entry- on the 61.8% Fibo at 70.4 Sl- 65 pips TP- Targeting the 38% of the current fibo structure at 69.15. Confluences: Trendline 3rd touch Key Level 61.8% fibo H6 50EMA (Not strong confluence but its present) Trade safe and catch you later traders ▲
ICMARKETS:XTIUSDShort
by FalkenFx
USOIL Will Move Lower! Short! Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 69.00. Considering the today's price action, probabilities will be high to see a movement to 65.47. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
TVC:USOILShort
by SignalProvider
1
Hellena | Oil (4H): Short to support area at 67 (Wave "3").Dear colleagues, I believe that at the moment we have a great opportunity to find an entry into a short position that will bring us many pips. The fact is that the wave “2” of the middle order is completed, which means that the wave “3” of the higher order continues the downward movement in the wave “3” of the middle order. I expect the price to rise a bit more to the 78 level, then I expect the price to drop to the 67 level. It will not be a quick drop, but we will be able to go short several times. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
26
CRUDE OIL (WTI): Time to Fill the Gap?!WTI Oil experienced a significant drop at the opening due to tensions between Israel and Iran. Historically, there is a high probability that such gaps will be filled. This presents a potential opportunity for long positions. The price has now reached a crucial daily support level and is consolidating within a narrow range on the 4-hour chart. I have identified a confirmed breakout of a resistance zone within this range, indicating a potential upward movement. It is possible that the oil price will increase and reach levels around 70.00 - 71.00.
TVC:USOILLong
by linofx1
5
Bearish reversal off 50% Fibonacci resistance?USO/USD is rising towards the resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 70.14 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 72.32 Why we like it: There is a an overlap resistance level that is slightly below the 61.8% Fibonacci retracement. Take profit: 68.39 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDShort
by VantageMarkets