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USOUSD trade ideas

Hellena | Oil (4H): Short to 100% Fibo lvl 62.238.Colleagues! If we believe the wave pattern, the price is now in a strong impulsive downward movement. I believe that the price will renew the lows and rush to the area of 100% Fibonacci extension to the area of 62.238. Wave 3 lower wave should be completed there. But we should not forget that the price is in wave 3 of the higher and middle order, which means that there are more chances for a downward movement! 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
23
OIL Completes Inverse Head and Shoulders PatternOIL Completes Inverse Head and Shoulders Pattern OIL recently completed an inverse head and shoulders pattern. The bottom of the pattern was reached yesterday at 66.9 during the release of the US CPI data, followed by an aggressive growth. Today, OIL confirmed this new bullish pattern, indicating increased bullish momentum. If the bulls manage to hold the price above 68.8, we could see oil rising further, as shown on the chart. Target zones include 69.9, 71.4, and 72.0. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
TVC:USOILLong
by KlejdiCuni
4
WTI OIL 4H RSI Bullish Divergence sending a strong buy signal.WTI Oil (USOIL) stopped yesterday's rebound on the 4H MA50 (blue trend-line) and is now on a small pull-back. Technically that is the Resistance level it needs to break if it wants to break-out aggressively towards the long-term Resistance Zone. There are high probabilities of doing so, as the 4H RSI formed Higher Lows, which is a Bullish Divergence against the Lower Lows of the price. In fact, it is the exact same formation as the October 01 Low that rebounded aggressively above the 0.786 Fibonacci retracement level. As a result, we are bullish on this one, targeting $76.00 (the 0.786 Fib currently). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
3
Hellena | Oil (4H): Short to support area at 67 (Again).Dear Colleagues, I believe that price is still in a five-wave downtrend. The mid-order wave “3” is in a small correction, but very soon the downward movement will continue. I believe that the price has already closed the gap and may reach the resistance area of 74, then I expect the price to decline to the support area of 67.046. 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
12
Oil Markets Into Monday This Week (18th Nov)Oil has continued to be subdued post election, with no real demand feeding into it. Price action consists of strong momentum south side into key area(s) seen previously for longs. For that reason, I hold a long bias, but only lightly as we are rushing back to lows (no clear strength/investor willingness) and current price action represents the same story (higher chance of low break). NOT breakout shorting. Just awaiting further longs lower (DCA).
TVC:USOIL
by WillSebastian
2
(Brent) oil prices to stay supported above the $70 level.We may expect (Brent) oil prices to stay supported above the $70 level for now, as market participants continue to monitor the geopolitical developments," said Yeap Jun Rong, market strategist at IG. The war between Russia and Ukraine in focus after Moscow's nuclear threat Rising tensions between Russia and Ukraine were the biggest support point for Brent, as safe-haven demand rose after Moscow lowered the threshold for nuclear retaliation over Ukraine attacks. By 03:45 ET, U.S. crude futures ( VTI ) were up 0.5% at $69.58 a barrel, while the Brent contract was up 0.4% at $73.61 a barrel. The US embassy in Kiev was closed earlier on Wednesday after warnings of a possible strike.
EASYMARKETS:OILUSD
by actualLizard47993
1
USOIL A HARMONIC CRAB FOR 100$HELLO FRIENDS As i can see us oil is now trading near 67.00 $ i can see a strong horizontal Support Zone on Daily based and weekly based also we can see a bullish crap harmonic pattren with FIb retracement it can be a life changing trade we need patience time will decice after theses over sold weeks on oil and wars are the world will boost the demand because wars r not based on EV, they need Crude also fundamental issues and tight supply with exceeding demand will boost the price charts always talk we always prefer 80% of technical Friends our trade idea is based on very lower risk and big weekly rewards it's just a trade idea share Ur thoughts with us Stay Tuned for more updates
TVC:USOILLong
by APEX_TRADING_ACADMEY
plan to trade USOIL if it goes further down or reverse the trendcurrently, the price of USOIL is at quite a strong support level which has not been broken in the last couple of years but the trend is overall bearish the trendline has also been tested 2-3 times but remained intact. Right now the price has been in the range for quite some time but if it breaks the drawn support level it will go down sharply. Traders who want to sell must get confirmation of the broken support level. On the other hand, those who want to buy should wait for the price to break the trendline and make new HH and HL.
FX:USOILShort
by faisal-101
1
Oil: Time to Short? WTI Set to Plunge Over 10%Hey Realistic Traders, Is Oil About to Crash? Let’s Dive In.... What's the cause of sudden drop in oil prices? U.S. President Donald Trump has pledged strong support for the oil and gas industry, aiming to streamline permits, boost domestic production, and expand drilling on federal lands. He has also criticized renewable energy subsidies and pushed for increased natural gas exports. Aligned with Trump’s stance, the U.S. Energy Information Administration (EIA) has raised its 2023 oil production forecast to 13.23 million barrels per day, surpassing last year’s record of 12.93 million. Global output is also expected to increase, while weaker oil demand from China, driven by slowing economic growth, adds further downward pressure. These policies and projections support the assumption of lower oil prices ahead How much further could they decline?, Let's analyze it using technical analysis! On the daily timeframe, TVC:USOIL is in a bearish continuation phase, potentially entering wave 3 of the trend. It has also broken out of a head-and-shoulders pattern that developed over the past 60+ days, signaling the end of a consolidation phase. This breakout, paired with a bearish marubozu candlestick, strengthens the case for a continued downtrend. Adding to this, the MACD indicator has confirmed a bearish crossover, providing further confirmation of downward momentum. With these signals aligned, we project a potential drop toward the first target of $60.51, and possibly even further to the secondary target of $57.80 This outlook remains valid as long as the price holds above the stop-loss level at $73. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Oil.
TVC:USOILShort
by financialfreedomgoals101
USOIL Technical Analysis! BUY! My dear friends, Please, find my technical outlook for USOIL below: The instrument tests an important psychological level 66.90 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 69.70 Recommended Stop Loss - 65.24 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
TVC:USOIL
by AnabelSignals
1
WTI set for breakdown amid supply, demand concernsAlthough oil prices were trading higher at the time of this writing, it is becoming increasingly difficult to foresee a big rally at this stage, without any supply-side shocks. WTI's price action has been quite heavy as it continues to make lower lows and lower highs. While it has held its own around the December 2023 levels of around $67.00 to $68.00 area, this could prove to be a temporary respite before we potentially see a bigger breakdown. Not only has oil broken the key $69.30 to $70.00 support range, which is now holding as resistance, sentiment towards oil is increasingly turning bearish amid growing signs of excess surplus from non-OPEC. Indeed, the oil market is heading for a surplus next year, according to the IEA. The agency is forecasting an excess of over a million barrels per day, mainly due to faltering demand from China. Once the driver of global oil consumption, China has seen demand shrink for six consecutive months, largely as its economy pivots to electric vehicles and high-speed rail. Growing supplies from the US, Brazil, Canada, and Guyana keep the market well-supplied, says IEA. Demand growth this year and next will stay subdued due to slower economic growth and clean energy transitions. OPEC+ plans to cautiously restart production, with a 180,000-barrel-per-day increase set for January, though they’ll reassess in December. With supply growth outpacing demand, the market is likely to stay comfortably stocked well into 2025. Against this backdrop, crude oil looks set for a sharp drop after drifting lower in recent weeks. By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:USOILShort
by FOREXcom
Potential bearish drop?USO/USD has reacted off the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 69.05 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 70.48 Why we like it: There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement. Take profit: 66.91 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