USOILUSOIL is accumulating now.
Bullish divergence also form in RSi.
We wait for upward breakout.
If it will break on upside then it will be reversal of trend from here.
USOUSD trade ideas
Oil : To start the week - I hope you all have a great weekTrading Setup:
A Trading Signal is seen in the WTICrude Oil
Traders can open their Sell Trades NOW
⬇️Sell Now or Sell on 77.58
⭕️SL@ 77.58
🔵TP1@ 74.27
🔵TP2@ 72.16
🔵TP3@ 69.01
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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USOIL 6H / Permian Production to Drive Increase in U.S. OilThe U.S. Energy Information Administration (EIA) forecasts that most of the projected increase in U.S. oil and natural gas production in 2025 will be driven by the Permian Basin.
This growth is attributed to several factors, including enhanced productivity, the development of new and expanded infrastructure, and sustained high crude oil prices. The Permian region, which spans parts of Texas and New Mexico, is already the most prolific oil-producing area in the United States, and it will continue to be the primary contributor to national output increases in the near future. This rise in production is expected to play a significant role in meeting both domestic and international energy demands.
Technically:
The price already stabilized at the bearish trend to get 69.78 which is a strong support line
Bullish Scenario:
The bullish trend should break 72.72 to get 73.90 and 75.35
Bearish Scenario:
as long as the price trades under 72.72, it will support falling to 69.78 as a first bearish station
Key Levels:
- Pivot Line: 72.72
- Support Levels: 69.78, 67.00, 65.85
- Resistance Levels: 73.93, 75.35, 76.55
Today's Expected Range:
The price is anticipated to move between the support at 69.78 and the resistance at 72.72.
USOIL BEST PLACE TO BUY FROM|LONG
Hello, Friends!
It makes sense for us to go long on USOIL right now from the support line below with the target of 79.20 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
✅LIKE AND COMMENT MY IDEAS✅
oil breaking lower line of triangle after long sideway correction before us election
price breaking lower yellow line on recession fear
after breakout 65 will be first big support level
USOIL Potential Support Resistance At $71.60 21.08.2024Apply 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
crude oilweekly chart shows us the perfect long
that one single candle of last month help you to decide to take a long
WTI│ CRUDE OIL │ 20 August 2024
- Daily timeframe
Price broke bullish structure and retraced into the demand that caused the bos.
• Bullish bias
- Four-hour timeframe
We had a bullish i-bos as price bounced of the daily
• Bearish bias
- 15-minute timeframe
15-minute swing structure shifted bullish which is in line with the daily timeframe swing structure
• Bullish bias
How do I come to a bias conclusion?
I look at the swing structure; if it is bearish, I conclude a bearish bias
©Austin Palmer for FONOS Fx, 2024.
USOIL LONG IDEACanada's proposed emissions cap could limit oil production and increase costs for Canadian producers.
This could significantly impact U.S. refineries, many of which are specifically equipped to process heavy Canadian crude.
A reduction in Canadian heavy crude supply could lead to higher prices, operational challenges, and potential fuel shortages in the U.S.
Entry price 72.50
SL : 70.50
TP : 78.50
WTI Oil H1 | Rising into overlap resistanceWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 74.24 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 75.00 which is a level that sits above a pullback resistance.
Take profit is at 72.18 which is a pullback support.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
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Buy OpportunityInstrument: USOIL
Position: Buy
Entry: 73.00
1st Target: 76.10
2nd Target: 78.55
Stop Loss: 71.61
Rationale:
USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 76.10, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at78.55, indicating further potential Upside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 71.61, just below the anticipated Support level. This ensures a controlled exit in case of unexpected market movements.
USOIL Potential Support Breakout At $72.53 21.08.2024Apply risk management
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)
Disclaimer
US OILPair : Crude Oil - WTI
Description :
Break of Structure
RSI - Divergence
Fibonacci Level - 78.60%
Bearish Channel as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
USOIL TRADE SETUP BULLISH✔ Pair Name: - USOIL
✔ Classic bullish formation
USOIL buy setup created. Market our trigger point..... If your analysis matches it take a trade otherwise skip the trade.
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CRUDE OIL Support Ahead! Buy!
Hello,Traders!
CRUDE OIL keeps falling
But a strong horizontal
Support level is ahead
At 71.75$ and after
The retest a local bullish
Correction will be expected
Sell!
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Check out other forecasts below too!
USOIL Massive Head & Shoulders... Reaching a tipping pointUSOIL could be reaching a tipping point here with this extremely large Head & Shoulders pattern tracing back the last few years...
If we were to break below this long-term support, we could see a 30 - 40% decline in crude oil prices.
Keep a close eye here.
USOil USOil has tested a very strong trendline on Daily tf. It has been playing in a wedge lately and the past weeks of downward trend may reverse, causing it to go up. Fundamentally inventories rose a bigger build than anticipated. Therefore a reversal in trend could be oberserved.
usoil Mallicast analysisGiven the political developments and budget planning related to oil sales, there is a possibility of oil prices rising. However, this increase is not expected to reach previous levels of around $120, but rather, we anticipate prices stabilizing around $80.
WTI Mallicast analysisGiven the political developments and budget planning related to oil sales, there is a possibility of oil prices rising. However, this increase is not expected to reach previous levels of around $120, but rather, we anticipate prices stabilizing around $80.
WTI OIL This is why it's going to $95.00 if the 1M MA50 helps.WTI Crude Oil (USOIL) has been practically neutral within a Triangle pattern since September 2023, trading under the Resistance pressure of the Lower Highs but at the same time supported by a Higher Lows trend-line. The latter has been placed just below the 1M MA50 (blue trend-line), which is the key to Oil's price action in the coming months.
As you can see, even when the price breaks below it, Oil manages to close the 1M candle (month) above the 1M MA50. In fact the last time it closed a month below it was more than 3.5 years ago (January 2021)!
As a result, if we manage to close August above it again, we expect a strong rebound for Oil. In fact, a similar Triangle pattern was spotted back in 2011 - 2013. As you can see, after several breakings but also closings above the 1M MA50, it eventually initiated a rally that hit the Resistance 2 level.
The 1M RSI sequences among the two fractals are similar as well, so we find no reason why Oil won't stage a similar rally as long as the 1M MA50 keeps holding. Our long-term Target is $95.00.
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USOILSPOTThis trade idea focuses on a potential long opportunity in USOILSPOT. The current setup suggests favorable conditions for an upward move, with signs pointing towards a possible continuation of the bullish trend. The trade plan involves entering at the identified level, with a clear Take Profit target to capture gains as the price advances. A strategically placed Stop Loss will manage risk, ensuring protection against any unexpected downturns. The entry, target, and stop levels are predefined and visible on the chart. This trade aims to capitalize on the strength in the market, with the potential for a solid return as the bullish momentum unfolds.
