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USOUSD trade ideas

US OILA **bullish divergence** is a technical analysis term used to identify potential reversals in a downtrend. It occurs when the price of an asset is making lower lows, but an indicator (such as the Relative Strength Index, RSI, or MACD) is making higher lows. This suggests that while the price is declining, the selling pressure is weakening, and there may be a shift towards upward momentum. There are two types of bullish divergences: Regular Bullish Divergence**: It signals a potential trend reversal from a downtrend to an uptrend. It occurs when: - Price makes lower lows. - Indicator (like RSI or MACD) makes higher lows. Hidden Bullish Divergence**: This signals a continuation of the uptrend during a pullback. It occurs when: - Price makes higher lows. - Indicator makes lower lows. Both divergences suggest that a potential upward movement could occur, but they are not guaranteed and should be used alongside other tools for confirmation.
TVC:USOILLong
by B9A-88652-NisarAhmad
WTI - This Might Get NastyThe oil market is extremely exciting. The price is currently approaching a long-term support zone between USD 66 and 68. Will the price hold there? In my view, this is questionable. I am taking a bearish stance on WTI for several reasons: First of all, the global economy is sluggish, which is causing demand for oil to fall. As things stand at present, the world's largest economy, the USA, is also heading for a recession. At the same time, renewable energies are on the rise, which in turn is dampening demand for oil. From a technical perspective, the volume profile is cause for concern: if we look at the profile between the low from 2020 and the high from 2022, we can see that the price of WTI has only now entered the value area. The POC is around USD 40.50 and therefore significantly below the support zone. The low of the value area is even just over USD 31. Unfortunately, I cannot show the volume profile in this chart due to a lack of data; instead, I have derived it from the CL chart (WTI futures). If the downward trend continues, WTI could start its first braking attempts at around 55 dollars. I am not saying that WTI is necessarily bearish. Still less am I calling for merciless shorting of the market. However, I would like to point out that a very sharp fall in prices is possible if WTI breaks through the aforementioned support zone between USD 66 and 68.
BLACKBULL:WTIShort
by Ochlokrat
Oil Is Heading Down In Price, Support at $72 Just Broke, Low $60The price of Oil was in a trading range between $72 and $85ish, this past week it broke down support and now is going to head lower, I suspect we can see $62ish at first level of support, but I think mid $50's is now on the table. Why? Elections are upon us and they want to make costs come down, so it looks like they are curbing inflation and thus justify more rate drops. Also if Trump wins, he is talking about lower energy costs and ramping up production in the US, so the outlook is bearish for the energy commodities prices... as supply increases and demand remains the same, price goes down... and so the bear market starts.
BLACKBULL:WTIShort
by FinancialLiberties
USOIL Weekly - Key Buy and Sell LevelsOn the weekly chart for USOIL , we’re observing significant levels that could dictate future price movements. The green lines mark potential buy opportunities where price might experience bullish support. Conversely, the red lines indicate critical sell zones where bearish pressure could come into play. These levels are essential for long-term trading strategies and market analysis. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions. If this post generates enough engagement, I’ll provide updates and additional insights to it. Feel free to comment, share your thoughts, and follow for more comprehensive trading analysis!
FX:USOIL
by Remora_traders
OIL 40$Oil prices could potentially drop to $40 per barrel for several interconnected reasons, including supply-demand dynamics, geopolitical factors, and economic trends. Here’s a breakdown of why this could happen: Oversupply in the Market: One of the main drivers of lower oil prices is an oversupply in the market. If major oil-producing nations, such as members of OPEC or non-OPEC producers like the U.S. (especially from shale), ramp up production, it could flood the market with excess oil. When supply outpaces demand, prices naturally decline. Also, China is expected to buy less. Weakened Global Demand: Demand for oil is closely linked to global economic activity. If major economies, such as the U.S., China, or the Eurozone, experience slowdowns or recessions, the demand for oil would decrease. Additionally, structural changes like the global shift towards renewable energy sources and more energy-efficient technologies (e.g., electric vehicles) could lower long-term oil demand, putting downward pressure on prices. Geopolitical Tensions: Geopolitical factors often affect oil prices. For instance, if tensions in key oil-producing regions (e.g., the Middle East) subside or if major conflicts that previously threatened oil supply routes are resolved, the risk premium built into oil prices might disappear. In the absence of such risks, prices could drop. U.S. Dollar Strength: Oil is typically priced in U.S. dollars. When the dollar strengthens relative to other currencies, oil becomes more expensive for countries using other currencies, leading to reduced demand. This reduced demand can drive prices lower. Technological Advances in Oil Extraction: Continued advancements in oil extraction technologies, such as hydraulic fracturing (fracking) and deep-water drilling, have made it cheaper and easier to produce oil. If production costs continue to fall, producers can maintain profitability even at lower prices, thus keeping the market oversupplied. Strategic Reserves Release: In times of high prices or tight supply, countries like the U.S. may release oil from their strategic reserves, which can push prices down. If governments continue to use this tactic to moderate prices, it could contribute to a sustained price decline. Renewable Energy Transition: The global transition toward renewable energy and climate change mitigation policies (e.g., carbon taxes, investment in green infrastructure) could reduce reliance on fossil fuels. As alternative energy sources become more cost-effective and widely adopted, long-term demand for oil could decline significantly. Market Sentiment and Speculation: Oil prices are also influenced by financial markets and investor sentiment. If investors believe that demand will shrink in the future due to economic or environmental factors, they may sell off oil futures, driving prices lower. Speculative trading can exacerbate price movements and push oil to lower levels than fundamentals suggest. A combination of these factors, particularly a surge in supply alongside weakened demand and technological advancements, could easily push oil prices down to $40 or even lower, especially in a prolonged global economic downturn.
TVC:USOILShort
by GER-Quality-Trades
USOIL / STILL CONTINUES A DOWNTREND - 4HUSOIL / 4H TIME FRAME The overall trend is downward , until trading below turning level at 71.85 . The significant decline in USOIL prices yesterday suggests a bearish momentum, which aligns with the observed price action falling below the critical level of 71.85. This indicates a continuation of the downward trend, making the next support level at 69.81 a logical target. If prices break this support, it would likely trigger further selling pressure, leading to declines toward 68.46 and 66.85, which are key levels of interest based on previous market behavior. On the other hand, for a reversal to the upside, the price needs to break back above 71.85, which currently serves as a turning point. Breaching this level would signal a potential shift in market sentiment, opening the way to test the resistance at 74.24. If the price stabilizes above this resistance, it would reinforce the bullish case, paving the way for further gains toward 76.21 and eventually 77.51. KEY LEVELS : TURNING LEVEL : 71.85 . RESISTANCE LEVELS : 74.24 , 76.21 , 77.51 . SUPPORT LEVELS : 69.81 , 68.46 , 66.85 .
TVC:USOILShort
by ArinaKarayi
OIL: Day 3 short traders triggered in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅ Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout 3 Days Short Breakout ✅ Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside ✅ Backside 4. THESIS: Long: Primary, market reversing at the low of the week, day 3 short is a potential signal of reversing market. No setup yet has been identified, and don't forget that even if the reversal is possible, the market is still on the frontside down move, it can give a scalp, retesting the LOW for a better setup by the end of the week. Short: Considering the current situation, I wouldn't exclude this market keep going lower if setups for that scenario. Eventually the market will place a HOD and locked it, I would be willing to short OIL after the news Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
PEPPERSTONE:SPOTCRUDELong
by GianniPichichero
2
WTI Oil H4 | Overhead pressures remainWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 71.65 which is a pullback resistance. Stop loss is at 72.60 which is a level that sits above an overlap resistance. Take profit is at 68.19 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.
FX:USOILShort
by FXCM
USOIL Potential Support Breakout At $69.26. 04.09.2024USOIL: 4HR chart shows potential downside support breakout at $69.26. Downside Target: $64.32 and $58.03 if breakout confirms. Upside Target: $73.15 and $76.20 if breakout fails. Always Apply Risk Management Apply 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
TVC:USOILShort
by Stuart_Cowell
Will the theme of weak demand and oversupply dampen oil prospectMacro theme: - Oil prices have declined since last week as investors expect an OPEC+ supply increase in Oct and a potential deal in Libya to resume production, possibly adding over 500,000 barrels per day. - Weak economic data from China, including Tue's ISM Manufacturing PMI, highlighted the country's sluggish recovery, fuelling calls for more stimulus. - Concerns over China's weak demand and the prospect of increased supply are likely to keep oil prices under pressure in the short term. Technical theme: - USOIL tested EMAs' area confluence with 77.00 resistance before breaking below 71.50 support to maintain a bearish structure. - If USOIL maintains below the 71.50 level, the price may continue to decline to test 67.80 support. - On the contrary, if USOIL can close above 71.50, the price may retrace to retest its EMA21 along with the upper bound of its descending channel.
FX:USOILSPOTShort
by DatTong
WTI Rises Above $84.50 Amid Summer Demand ExpectationsWith the peak of the summer travel season, marked by the Independence Day holiday this week, US oil demand is expected to surge. The American Automobile Association (AAA) projects travel during this period to be 5.2% higher than in 2023, with car travel alone increasing by 4.8% compared to the previous year, according to Reuters. Crude oil markets are further supported by ongoing geopolitical tensions in the Middle East. The Israel-Palestinian Hamas conflict continues to create volatility in energy markets. Investors are concerned that a potential cross-border spillover could involve direct action from Iran, a Hamas supporter, threatening crude oil supplies and logistical stability in the region. The American Petroleum Institute (API) reported the steepest week-on-week decline in US Weekly Crude Oil Stocks in nearly two years. API data showed a significant weekly decrease of -9.163 million barrels, far exceeding the forecasted -150K drawdown and following the previous week’s -3 million barrel decline. Given our forecast, we are currently considering a short position in the supply area. Typically, crude oil production for summer demand occurs in the preceding months, leading to higher oil prices before the summer season. Our seasonality analysis indicates that crude oil prices generally decline in trading from the end of July through September. Therefore, we are now looking for a short position. ✅ Please share your thoughts about WTI in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
BLACKBULL:WTIShort
by FOREXN1
1
USOIL / TRADING BELOW FVG AREA - 4HUSOIL / 4H TIME FRAME The overall trend is downward , until trading below FVG . As long as prices stay below the turning level of 74.78, a decline is expected, potentially reaching the support level (1) at 73.03, and then 71.51. However, if prices break above the turning level and close a 4-hour candle above it, the trend may shift upward, with potential to reach the resistance level at 76.18. Breaking this resistance could lead to further gains, targeting 77.52. KEY LEVELS : TURNING LEVEL : 74.78 RESISTANCE LEVELS : 76.18 , 77.52 SUPPORT LEVELS :73.03 , 71.51
TVC:USOILShort
by ArinaKarayi