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CFDs on WTI Crude Oil

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USOIL trade ideas

OIL Special Crab PatternSpecial harmonic pattern of oil prices and the rise in oil prices from $70.4 per barrel have been observed in the market. By understanding and utilizing harmonic patterns in the oil market, investors can potentially identify trading opportunities and manage risks effectively. The increase in oil prices from $70.4 per barrel signifies a shift in market dynamics, influenced by various factors such as supply and demand, geopolitical events, and economic indicators. SEYED.
CAPITALCOM:OIL_CRUDE
by SEYED98
1
WTI - buy here or wait for 68$ My analysis of WTI in early December was good and it did wat I expected, but a stupid stop kicked me out it wave 2. Then got the perfect entry for the short at 80.5 but didn't hold long enough... So what to do next ? Could buy it here at the 0.236 retracement but I'd rather buy at 68.5 with a stop at 67. Always keep in mind there is also politics involved here. Oil producers need higher prices to be profitable but on the other hand they want the price of oil to drop so Russia cannot sustain their war in Ukraine.
TVC:USOIL
by flightleader78
Could the price rebound from here?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 71.52 1st Support: 69.32 1st Resistance: 73.87 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:XTIUSDLong
by ICmarkets
WTI Oil H4 | Approaching pullback resistanceWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 71.95 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 73.50 which is a level that sits above the 61.8% Fibonacci retracement and a swing-high resistance. Take profit is at 69.58 which is a swing-low support. 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. 63% 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. 63% 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.
FX:USOILShort
by FXCM
Crude Oil Short Trade Idea I’m considering a short position on crude oil , driven by two key macroeconomic factors: China’s Economic Slowdown : Weakening demand from China, the world’s largest oil importer, continues to pressure oil prices. Recent data shows slower-than-expected economic recovery, signaling reduced energy consumption. Easing Geopolitical Tensions: With Middle East geopolitical risks subsiding, concerns over potential supply disruptions have diminished, adding to bearish sentiment in the oil market. Let me know your thoughts or if you’re seeing additional factors that could influence this trade! 🛢️📉
TVC:USOILShort
by MasoudEskandari
2
USOIL Trend Analysis!Amid upside risks from Trump’s tariffs and downside pressures from policies favoring price cuts and overproduction, oil remains highly volatile, trading above key support levels while maintaining its broader downward trajectory from 2022 to 2025. Critical support zones to monitor include $69.5, $66, and $64, which have acted as key rebound areas since December 2021. A firm close below the $64 support could accelerate losses toward the psychological $60 level and $55, aligning with the 0.618 Fibonacci retracement of the 2020–2022 uptrend. On the upside, the upper boundary of the established channel serves as strong resistance near $78. A sustained close above $80 would signal a potential shift in sentiment, eyeing $84, $89, and $95, which align with waves A, C, and E of the triangle pattern, marked by the highs of September 2023, April 2024, and July 2024. Key events to watch: OPEC's monthly oil report Trump’s tariff announcements Fed Chair Powell’s testimony U.S. CPI report
FOREXCOM:USOIL
by Disco-Dave
West Texas Oil : TRADE WAR !! Very likely bullish stretch!After a strong bullish impulse ( Bull ) that began on December 11, 2024, on January 20, 2025 it took a breather and began a bearish phase ( Bear ) as can be seen in the chart. The price has retreated to the key zone of 61.8% Fibonacci ( 72.5 ), respecting it and gradually gaining bullish strength again. In H4 time frame the MOMENTUM is bullish ( Bull ), but its STRENGTH is still bearish ( Bear ). --> When will the strength turn bullish? When the price exceeds the 74.5 zone --> Today the IVO indicator alerted us of the first serious bullish signal ( Bull ) that could tell us that the price could be heading towards the 74.5 zone again. And if we add to this the TRADE WAR, it is very likely that it will go and overcome it without problems, passing the FORCE to bullish (Bull), and therefore, we will see with a high probability a new attack on the 79.3 area -------------------------------------- Strategy to follow: ENTRY: We will open 2 long positions if the H4 candle closes above 74.5 POSITION 1 (TP1): We close the first position in the 79.3 area (+6.4%) --> Stop Loss at 71.5 (-4%). POSITION 2 (TP2): We open a Trailing Stop type position. --> Initial dynamic Stop Loss at (-4%) (coinciding with 71.5 of position 1). --> We modify the dynamic Stop Loss to (-1%) when the price reaches TP1 (79.3). ------------------------------------------- SET UP EXPLANATIONS *** How do you know which 2 long positions to open? Let's take an example: If we want to invest 2,000 euros in the stock, what we do is divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each. *** What is a Trailing Stop? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the dynamic Stop Loss. -->Example: IF the dynamic Stop Loss is at -1%, it means that if the price drops by -1%, the position will be closed. If the price rises, the Stop Loss also rises to maintain that -1% in the rises, therefore, the risk is increasingly lower until the position becomes profitable. In this way, very strong and stable price trends can be exploited, maximizing profits.
BLACKBULL:WTILong
by jmesado
Will The Price of Oil Rise in February?Will the Price of Oil Increase This Month? Oil traders are watching the charts closely as the market hovers around crucial price levels. With multiple confluences aligning, the question remains: Will the price of oil surge this month, or is a reversal on the horizon? Key Price Levels and Market Structure Currently, crude oil is sitting at a major support zone that has historically acted as a launchpad for bullish momentum. On the flip side, resistance levels above signal potential barriers that could stall upward movement. The market is at a decision point, and traders must be prepared for either scenario. Technical Confluences Supporting a Price Increase Several factors point toward a potential bullish breakout: Previous Support and Resistance: Price is retesting a significant demand zone, which has held strong in past trading sessions. Moving Averages: The 50-day moving average is acting as dynamic support, reinforcing bullish sentiment. Engulfing Candles: Recent price action has shown strong bullish engulfing patterns, indicating buyer interest. Fundamental Catalysts: Supply cuts, geopolitical tensions, and seasonal demand shifts could add fuel to the fire. The Bearish Case: What Could Send Oil Lower? While bullish signs are present, ignoring downside risks would be a mistake. If price fails to hold at key levels, we could see: Break of Support: A drop below crucial levels could trigger panic selling. Diminishing Momentum: If volume doesn’t support a push higher, a pullback is likely. Macroeconomic Factors: Weak demand or unexpected production increases could shift the market downward. How Traders Can Approach This Setup For traders looking to capitalize on the next move, here’s how to stay ahead: Set Alerts: Use TradingView to track price movements at key levels so you don’t miss the breakout or breakdown. Wait for Confirmation: A clear candle close above or below critical areas will provide more certainty before entering trades. Risk Management: No setup is a sure thing—set stop losses accordingly and manage position sizes wisely. Oil is at a make-or-break moment. Whether we see a strong rally or a sharp drop will depend on how price reacts at these crucial levels. What do you think—bullish or bearish? Drop your thoughts in the comments and let’s talk trading!
FX:USOILLong
by TLTurnerTV