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CFDs on WTI Crude Oil

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USOIL trade ideas

USOILThis trading idea focuses on a long position for USOIL. The setup is based on a favorable market structure, indicating potential upward momentum. Key levels for entry, take profit, and stop loss are already determined and visible. This trade aims to capitalize on a bullish outlook, with the expectation of further price appreciation. Risk management is in place, ensuring protection against sudden reversals. Keep an eye on key support and resistance zones, as they may play a critical role in the success of this trade.
FX:USOILSPOTLong
by CryptoBullTrades
WTI CRUDE OIL: Best buy opportunity in more than a year.WTI Crude Oil is almost oversold on its 1D technical outlook (RSI = 36.459, MACD = -2.670, ADX = 29.899) and coupled with the the price breaching inside the S1 Zone, the market is giving the best long term buy opportunity in more than 1 year. The S1 Zone is in place since March 15th 2023. Additionally, the 1D RSI has made a Double Bottom (DB), which has a 100% success record out of 3 times since March 2023. Every rebound to the LH trendline (pattern is a long Descending Triangle) approached the 0.786 Fibonacci level. Our TP = 78.00. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
OIL - OPEC CUTS & RecessionSince June 1st, 2023 I have been educating people on trading oil properly. OPEC cuts are never a reason to buy oil. The opposite is true, OPEC cuts mean the oil demand is maxed out for the world economy. Yet I had ignorant people tell me about EIA reports (which were worthless), My oil education was NOT educational, (because to them they can't analyze fundamentals beyond the last trade on oil price) or resort to intuitive INCORRECT sound bites that "less oil available = higher prices" ALL WRONG! Here is the link for your viewing pleasure time-stamped on TV. Fast forward to Sept 11 2024 and we can all now see I was 100% right! Oil went nowhere! OPEC Cuts did nothing to raise the price of oil. Not even a war in Russia and the Middle East could help raise the price of oil. Further underscoring how important the global economy is to Oil. Currently, there is a lot of pessimism about the future of the global economy. Rightfully so in my view. If you are an oil bull this is a good risk-reward point. If you are a bear You should not be shorting in the hole. It is always important to understand the difference between macro analysis and micro. Never mix the two. Remember I am a MACRO guy.
TVC:USOIL
by RealMacro
2
USOIL: Quick Buy Opportunity After Weekly Support BreakUSOIL has broken through a significant weekly green line support, presenting a potential buy opportunity for a quick retest of the previously broken zone. Watch for price action around this area to gauge the strength of any potential bounce or continuation. Interested in how this setup unfolds? Drop a comment and follow for more trade ideas and updates! Disclaimer: This is not financial advice. Always trade responsibly!
FX:USOILLong
by Remora_traders
Oil continues to slide lowerCrude oil suddenly became a newsworthy talking point yesterday as Brent fell below $70 per barrel to trade at its lowest level since December 2021. Front-month WTI also fell again, taking it back to levels last seen in May 2023. No one is willing to stand underneath this torrent of selling, as significant buyers continue to stand aside, even after last week’s decline which saw Brent lose 10% and WTI 8% to record their worst week in eleven months. Having said that, prices are a touch firmer this morning on concerns that Tropical Storm Francine could disrupt supply. But the daily MACDs for both Brent and WTI show that oil has fallen even further into oversold territory and momentum remains to the downside. This downtrend, which began in April, reasserted itself in July and which has accelerated over the past fortnight, feels relentless. There has been no change in the dynamics which have driven prices lower: supply remains plentiful, while evidence of a slowdown in global demand growth continues to stack up. That won’t change just because the Fed stands ready to cut rates by 25 basis points. There will come a time when oil is ready to rebound. But timing that turnaround will require more luck than skill. Triggering it will require deep pockets.
TRADENATIONSB:WTI
by TradeNation
OIL/USDA falling wedge is a technical chart pattern formed by drawing two converging trendlines that slope downward. It is characterized by decreasing price highs and decreasing price lows, with the upper trendline having a steeper slope than the lower trendline. This pattern typically signals a bullish reversal after a downtrend, as it suggests that selling pressure is weakening and the market may be preparing for an upward move. Traders often look for a breakout above the upper trendline as a signal to enter long positions, with stop-loss orders placed below the lower trendline. As with any technical pattern, it's important to consider other indicators and factors before making trading decisions.
TVC:USOILLong
by B9A-88652-NisarAhmad
USOIL / TRADING ABOVE SUPPORT LEVEL - 4HUSOIL / 4H TIME FRAME HELLO TRADERS The First Scenario , The support level at 65.35 acts as a critical threshold; as long as prices remain above it, buyers dominate, pushing the price towards 68.74 and then 69.98. This rise reflects increased confidence in an uptrend. For the trend to be fully confirmed, prices must stabilize above 69.98, signaling sustained momentum, which could lead to a further increase to 71.59. The Second Scenario , if the price breaks below 65.35 and stabilizes, it indicates a shift in market sentiment, with sellers gaining control and potentially driving the price down to 63.35, followed by 62.65 This technical analysis underscores the importance of price levels in predicting future market movements and investor behavior. UPWARD TARGET : 68.74 , 69.98 , 71.59 . DOWNWARD TARGET : 63.35 , 62.65 .
TVC:USOILLong
by ArinaKarayi
WTI Oil H4 | Potential bearish reversalWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 68.80 which is an overlap resistance. Stop loss is at 71.65 which is a level that sits above the 50.0% Fibonacci retracement level and an overlap resistance. Take profit is at 65.24 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. 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.
Editors' picks
FX:USOILShort
by FXCM
7
USOIL remains under pressureFrom a technical perspective, USOIL extended its decline within the descending channel. MACD is holding below the zero threshold, indicating further downside potential. If USOIL sustains its bearish momentum, a further drop toward the 60.00 support might occur. Conversely, a break above 70.00 could prompt a further pullback toward the 80.00 resistance and descending channel's upper bound. From a fundamental perspective, USOIL remains under pressure after OPEC downgraded its demand forecast for the second time in two months. The new projections indicate that global oil demand is expected to rise by 2 million barrels per day (bpd) in 2024, 80,000 bpd less than anticipated. For 2025, OPEC has reduced the forecast to 1.7 million bpd, a reduction of 40,000 bpd. These revisions are driven by weak consumption in China and the growing adoption of electric vehicles, dampening traditional fuel demand. Despite the bearish sentiment, losses were somewhat tempered by fears of Tropical Storm Francine, which threatens to disrupt oil and gas production and refinery operations along the Gulf Coast.
TVC:USOILShort
by lixing_gan