USOIL SHOWING SIGNS OF WEAKNESS From our previous top down analysis when i call for the first and second drop of TVC:USOIL when it was still trading at $81/barrel . We might see further down side to $64 key zone
USDWTI trade ideas
WTI LongSeeing that WTI has held steady at the 4h FVG I decided to open a long up to the point of interest where the intermediate high is at 15min.
Risk: 1%.
Trade management: I will take partial profit (60%) at the first swing high.
CRUDE OIL RISKY SHORT|
✅CRUDE OIL went down after
The breakout just as we predicted
But is now making a bullish
Correction so after the retest
Of the horizontal resistance
Of 74.50$ we will be expecting
A potential bearish pullback
SHORT🔥
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Crude Oil Technical AnalysisWhen the USDWTI 4-hour chart is examined; It is observed that price movements continue in a downward trend. As long as the Crude Oil price cannot exceed the level of 75.28, it is evaluated that in price movements below the level of 74.38, it can break the level of 72.90 and retreat to the level of 71.47.
USOIL Potential Downtrend Line Breakout At $73.93 03.09.2024Apply risk management
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Us30 ubdate.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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Daily time frame.
Do ur own research also, give you opinion in coment section.
Heading into 38.2% Fibonacci resistance?WTI oil (XTI/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support identified as a pullback support.
Pivot: 75.42
1st Support: 72.62
1st Resistance: 77.51
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OIL SELLSTargeting 1:2.5 position. Break and retest of key level Expecting volume to push price further down
usoil possible shortbearish market structure
buys are pull backs at this point
expect mid-weel reversals
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.
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
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
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 )
Risk Disclaimer:
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 :-)
