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CFDs on WTI Crude Oil

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USOIL trade ideas

Crudeoil...Next target 78 -80 Dollers but after Retracement ..!!US Oil has shown good momentum as expected....Broken Very Strong Level of 72.5 Doller as expectations and has hit the target of 74 dollers mentioned in previous idea....As we can see it is going up from last 5 days , has not taken any retracement for which most of the buyers are waiting for. Expected move on monday Red Box is a retracement level. Lets hope for the best to see the new Rally till 78-80 dollers after touching a levels of Red Box.
FX:USOILLong
by tembhurnepranay0303
WTI crude oil Wave Analysis 3 January 2025 - WTI crude oil broke resistance area - Likely to rise to resistance level 76.00 WTI crude oil rising sharply after the earlier breakout of the resistance area located between the key resistance level 72.25 (top of the previously broken daily Triangle) and the 50% Fibonacci correction of the previous downward impulse 1 from October. The breakout of the resistance area accelerated the c-wave of the active ABC correction 2 from the middle of November. WTI crude oil can be expected to rise to the next round resistance level 76.00 (former resistance from October and the target price for the completion of the active wave 2).
FX_IDC:USDWTILong
by FxProGlobal
USOIL Trade SetupHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
TVC:USOILLong
by OptionCallPro
OIL WILL CCONTINUE TO FALL Our analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will fall to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
FX:USOILShort
by dkb14246
WTI Wave Analysis 26 December 2024 - WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude oil today broke the resistance trendline of the daily Triangle from the end of October, inside which the price has been moving from October. The breakout of this Triangle continues the active short-term impulse wave (iii) of the higher order impulse wave 3 from the middle of November. WTI crude oil can be expected to rise to the next resistance level 70.90, the breakout of which can lead to further gains toward 71.40.
FX_IDC:USDWTILong
by FxProGlobal
US OIL PARRALEL CHANNEL ON SUPPORT AREAA parallel channel on US OIL on the 30-minute chart, and the price is currently testing the support area! Here are some key points to consider: # Key Points 1. Support Area: The current price is hovering around the support area, which could provide a bounce or a breakdown. 2. Parallel Channel: The 30-minute chart shows a parallel channel, indicating a potential trading range. 3. Bullish/Bearish Scenario: A bounce off the support area could indicate a bullish reversal, while a breakdown below the support area might suggest a bearish continuation. 4. Volume and Momentum: Monitor trading volume and momentum indicators to confirm the trend. # Trading Strategies 1. Long Position: Consider entering a long position if US OIL bounces off the support area, with a target at the upper line of the channel. 2. Short Position: Consider entering a short position if US OIL breaks below the support area, with a target at the next support level. 3. Set Stop-Loss: Place a stop-loss order below the support area (for long positions) or above the upper line of the channel (for short positions). # Additional Tips 1. Combine with Other Analysis: Use the parallel channel analysis in conjunction with other technical and fundamental analysis tools. 2. Monitor Market Sentiment: Keep an eye on market sentiment and adjust your strategy accordingly. 3. Risk Management: Always prioritize risk management by setting stop-loss orders and limiting position sizes.
TVC:USOILLong
by FXBELLA001
WTI Oil H4 | Swing-high resistance at 50% Fibonacci retracementWTI oil (USOIL) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 69.85 which is a swing-high resistance that aligns with a 50% Fibonacci retracement. Stop loss is at 70.66 which is a level that sits above the 61.8% Fibonacci retracement and a swing-high resistance. Take profit is at 68.52 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. 64% 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. 66% 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
WTI Crude Oil: Mastering Price Action for Profitable Trades!TVC:USOIL ALEXGOLDDHUNTER Chart Analysis: WTI Crude Oil 1-Hour Timeframe Key Levels and Zones Support Levels: Around $68.70 - $68.80 $69.50 (Break of Structure - BOS) Resistance Levels: Around $70.00 $70.16 (Short 2022 Model) Fair Value Gap (FVG): Between $69.80 - $70.00 Indicators: RSI: 61.59 (neutral to slightly bullish) MACD: Shows bullish momentum with the MACD line above the signal line Volume: High trading activity around key levels Buy Strategy Entry Point: Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) near the support level around $68.70 - $68.80. Confirm the trend continuation with a Break of Structure (BOS) above $69.50. Stop Loss: Place a stop loss below the recent support level at around $68.50 to minimize risk. Take Profit: First target at the 0.5 Fibonacci level around $69.80. Second target at the Fair Value Gap (FVG) between $69.80 - $70.00. Sell Strategy Entry Point: Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) near the resistance level around $70.16. Confirm the trend continuation with a Change of Character (CHoCH) below $69.50. Stop Loss: Place a stop loss above the recent resistance level at around $70.30 to minimize risk. Take Profit: First target at the Break of Structure (BOS) level around $69.50. Second target at the support level around $68.70 - $68.80. VIP Signal Format (lowercase) entry: $68.70 - $68.80 (buy) tp1: $69.80 tp2: $70.00 sl: $68.50 entry: $70.16 (sell) tp1: $69.50 tp2: $68.70 - $68.80 sl: $70.30 Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Trading financial instruments involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Follow @Alexgoldhunter for more strategic ideas and minds
TVC:USOIL
by Alexgoldhunter
Hellena | Oil (4H): Short to support lvl 63.5 (Wave 3).Colleagues, the last forecast is still active, but I thought it was worth doing another one that will show more clearly what is happening now. In my opinion, the price is still in wave “2” of low order, but in a three-wave correction. This means that wave “2” (black, lower wave) should not update the level of 73.114, but it can update 71.695, although this condition is not necessary. As a result, I still believe that the price will continue its downward movement, although it is in a prolonged correction. There are 2 possible courses of action: 1) The riskier one is to open a short position on the market. 2) Conservative - wait for the price to rise, and enter with less risk. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
15
Market Analysis: Crude Oil Price Faces HurdlesMarket Analysis: Crude Oil Price Faces Hurdles Crude oil prices are now struggling to clear the $70.00 and $70.50 resistance levels. Important Takeaways for Oil Prices Analysis Today - Crude oil prices extended downsides below the $70.00 support zone. - A major bearish trend line is forming with resistance near $70.00 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to continue higher above $70.50 against the US Dollar. The price formed a short-term top and started a fresh decline below $70.00. There was a steady decline below the $69.40 pivot level. The bears even pushed the price below $69.00 and the 50-hour simple moving average. Finally, the price tested the $68.35 zone. The recent swing low was formed near $68.36, and the price is now correcting losses. There was a minor move above the 50% Fib retracement level of the downward move from the $70.50 swing high to the $68.36 low. On the upside, immediate resistance is near the $70.00 level. There is also a major bearish trend line forming with resistance near $70.00. The trend line is close to the 76.4% Fib retracement level of the downward move from the $70.50 swing high to the $68.36 low. The next resistance is near the $70.50 level. The main resistance is near a trend line at $70.90. A clear move above the $70.90 zone could send the price toward $72.00. The next key resistance is near $72.50. If the price climbs further higher, it could face resistance near $74.20. Any more gains might send the price toward the $75.00 level. Immediate support is near the $69.40 level. The next major support on the WTI crude oil chart is near $68.85. If there is a downside break, the price might decline toward $68.35. Any more losses may perhaps open the doors for a move toward the $66.00 support zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
WTI Crude Oil Analysis Into 2025Oil has sat on a long term lower high trajectory, with price finding firm support on a consistent area of around 66-67 US Dollars per barrel. It is vital to note that although this continuous support has held, lower highs have become consistent. In many cases, when you have a long area hit so many times in rapid succession with lower highs, the prices that buyers are willing to pay can drop as the reflective weakening demand ensues. It is also important not to guess too far ahead when you only really need to focus on nearer zones (even as a swing trader). The Sentiment case will unfold over time naturally. Don't sweat it too much. Short bias preferred at labelled areas.
TVC:USOILShort
by WillSebastian