US OIL Further Dip Buys..Slow Momentum is growing on on Oil Markets on some middle east tension sentiment / Fed cut bets increasing. Ideal trajectory would be a continuation of such movement(s).by WillSebastianPublished 5
US OIL Momentum/Dip Buy StrategyUnderstanding what drives oil is key to trading it. You can mix this with a tech approach for reliability.05:52by WillSebastianPublished 4
Bearish drop off pullback resistance?WTI oil (XTI/USD) has reacted off the pivot and could drop to the 38.2% Fibonacci support. Pivot: 72.56 1st Support: 70.33 1st Resistance: 74.76 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarketsPublished 5
USOIL / UNDER BULLISH PRESSURE - 4HUSOIL / 4H TIME FRAME HELLO TRADERS Recent Decline , Prices began to drop at the end of September by 7.12%. This indicates a noticeable downtrend, which could be driven by various market factors. Support Level at 67.22 , Currently, prices are trading slightly above this key support level. If the price breaks below 67.22, it may trigger a further decline of 9.80%. Potential for Rebound , If the support level holds, a potential rise could occur. Two potential rise targets are a 3.48% increase and a 6.27% increase, depending on how strong the support level is and whether positive momentum returns. Technical Analysis: Current Support Level , The price of USOIL is currently above 67.22. This level serves as a critical support point; if prices remain above this, it suggests bullish sentiment. Target Range (FVG) , If prices hold above 67.22, the analysis predicts an upward movement toward a Fair Value Gap (FVG) area between 68.73 and 69.48. This implies potential buying interest or liquidity in that range. Further Resistance , If the price breaks through the FVG area, it could rise further to reach a resistance level at 71.74. This indicates a bullish outlook if the upward momentum continues. Conversely, if the price drops below 67.22, it suggests a bearish trend, potentially declining to 65.24. This indicates a shift in sentiment from bullish to bearish. Longby ArinaKarayiPublished 6
WTI CRUDE OIL has bottomed. Buy.WTI Crude Oil has rebounded initially on Support A, a level that is holding since March 20th 2023. At the same time the 1day RSI double bottomed the same way it did in December 2023 and May 2023. This is a clear buy signal that is targeting the 1day MA200 and the Falling Resistance at 78.00. Follow us, like the idea and leave a comment below!!Longby TheCryptagonPublished 5
crude oil sell crude oil sell targeting 64 with a small stop lose since i have another scenario which is shorting again if i got stop out from a higher price around 73.5 see u at 64 i will keep partial to the hell at 55 Shortby ARCHREXPublished 114
61.69% Probability for Bullish USOIL TP!Key Fundamentals Supporting a Bullish Outlook: - OPEC+ Production Cuts: OPEC+ has implemented production cuts to stabilize oil prices, which can lead to a tighter supply and potentially higher prices for crude oil. - Geopolitical Tensions: Ongoing geopolitical issues, particularly in oil-producing regions, can disrupt supply chains, leading to increased prices as markets react to potential shortages. - Economic Recovery Signals: As global economies continue to recover from the pandemic, demand for oil is expected to rise, further supporting bullish sentiment in the market. By combining a bullish bias with a probabilistic approach to trading, I aim to position myself advantageously in the market while managing risks effectively. Feel free to share your thoughts in the comments below! 2W: 2H: Longby Jasminex1x2Published 3
Crude oil trend views and operational recommendationsCrude oil has bounced back for two weeks in a row, but the overall trend is still bearish, and the upper pressure level is mainly near 73, which is also the long-short boundary; The upper near pressure levels are 71.5 and 72.5 respectively, and the lower support is 70,68.5 and 67 respectively, giving a short order strategy today. Operation strategy: When it rebounds to 73 sell, TP: 69.5 TP: 68.5 TP: 67.5 SL: 73.5Shortby TargetlifeUpdated 4
Crude oil fell unilaterally, operation suggestionsOn Thursday, crude oil fell unilaterally in the Asian session, and the low point hit the lower track of the weekly Bollinger band at 67.1, which stopped the decline and rebounded. The real-time quote is 67.9. The intuitive feeling on the market is that the monthly line is difficult to change, and the weekly MACD is still in the green volume stage. Today's sudden drop in the white session has brought crude oil prices close to the bottom support nodes of the weekly and monthly lines again. The remaining trading days of this week are not optimistic about the crude oil price falling below the monthly low of 65.3. On Thursday and Friday, you can defend the lower track of the monthly line at 66.2 and 65.3 to take long orders and treat it as bullish. In terms of resistance today, pay attention to the two resistance nodes of 68.9, the lower track of the 4-hour Bollinger band, and 69.9, the intraday high. The daily MA5 moving average has moved down to 70.2. As long as it does not break the 70 mark, the short-term thinking is still bearish. In terms of support, pay attention to the 67 mark, and refer to the two support nodes of 66.2, the lower track of the monthly line, and 65.5, the lower track of the weekly error band. Overall, the crude oil price broke through the recent mild range of 72-70 and moved downward. Liu Mingcheng suggested that the short-term thinking should be changed to shorting on rebounds as the main method, and long positions on low-level defensive support nodes as the auxiliary method. Crude oil strategy: short on rebounds touching 68.8, cover short positions at 69.5, stop loss at 70.2, target 67.6-66.5; long on retracements touching the 66.3-65.6 area, stop loss at 65, target 68-70, hold on after breaking;by hfygm1Updated 4
OIL CRASH!as you can see on the medium to long term USOIL is going to 50 and then 25 based on chart pattern Shortby A.SankarPublished 2
USOIL: A bunch of Fib retracements + previous structureI think the title and chart says it all. Short entry at 72.3 Target 68.4Shortby 11021992Updated 3
USOIL Will Go Higher! Long! Take a look at our analysis for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 67.55. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 71.74 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderPublished 113
USOIL / TRADNING ABOVE SUPPORT LEVEL AT 67.19 - 4H USOIL / 4H TIME FRAME HELLO TRADERS Price Decline of 7.16%: The analysis suggests that there has already been a price drop of 7.16%. This could be the starting point for further analysis or an event that has already occurred. Breaking and Stabilizing Below 67.19: The level 67.19 seems to be a significant support or resistance point. If prices break below 67.19 and stabilize, it indicates a bearish trend. This might suggest that further declines are likely. Further Decline of 9.71%: Should the price fall and stabilize below 67.19, the analysis anticipates an additional 9.71% decline. Current Trading Above 67.19: Presently, prices are still above the 67.19 level, signaling that the market has not yet broken this key point. Expected Increase of 10.36% : The text predicts an upward movement of 10.36%, potentially implying bullish momentum if the price continues to hold above 67.19. Possibility of Further Increase: There’s a suggestion that the price could rise even more beyond the 10.36% increase if current trends hold. Technical Analysis: Current Market Condition: The asset is under bullish pressure , As long as the price remains above 67.19, the bullish momentum is expected to continue. Upward Condition: - Target 1: If the price trades above 67.19, it's expected to rise to 71.51. - Target 2: If the price stabilizes above 71.51, the next target is 72.16. Downward Condition: - If the price falls below 67.19 , it suggests a potential decline: - Target 1: A decline to 65.34. - Target 2: If it breaks below 65.34, further decline is expected to 63.93. Longby ArinaKarayiPublished 3
bearish trend for oilthe two triger can be useable if we have reaction at these pricesShortby Benyamin_cryptoPublished 3
What Will Happen to Crude Oil Prices?When the USDWTI 4-hour chart is examined; It is observed that price movements continue above the support zone. As long as the Crude Oil price does not break below the 68.60 level, it is evaluated that the price movements above the 70.38 level may break above the 71.78 level and target the 75.82 level.Longby profitakePublished 2
USOIL SHORTHi guys this its my next trade idea to go short, now its a good momento to enter, if you can get a better price its perfectShortby Xolo333Published 113
WTI Long High riskOil Trade Setup FPMARKETS:WTI I've decided to go long just before the news release, as I noticed the liquidity sweep had already occurred. However, I'm cautious about this trade, as the bullish probabilities are mixed, and there are stronger bearish arguments. Trade Management: Stop Loss: Placed just below the liquidity sweep, as breaking this level would suggest further downside. Take Profit: Partial exits planned. First target at $72.38, with the remaining at the next level of buy-side liquidity. Risk/Reward: 4.85 Risk: 1%Longby JaytradermbUpdated 2
Oil Is going to see a heavy fall from hereIt is a big retracement for oil so we can see huge fall in this in coming weeksShortby Mubeen5Published 2
Quick Buy On OilBeen tracking the consolidation and oil has shown it wants to go higher. We are looking to trade off a slight retracement to an area of liquidity. Trade safe, Trade smart, Trade Drippy. (Sl, entry, and tp are ZONES)Longby DrippysnipesPublished 2
Crude turns lowerOn the first Tuesday of this month, when traders returned after the long US Labor Day weekend, front-month WTI slumped below $65 per barrel to hit its lowest level since May 2023. This proved to be the culmination of a 23% decline which began in early July. Oil was very oversold, and prices subsequently turned higher, but not aggressively so. In fact, it took a fortnight for WTI to get back above $72 for a total gain of 11%. Two days after this most recent high, crude is back below $68, for high-low swing of over 7%. In other words, it has taken just two days to wipe out over 60% of the gains which took two weeks of grind to build. As with most things in life, it’s so much easier to knock something down than to build it. Now crude is in an interesting juncture. Could this just be a straightforward correction ahead of a more protracted, and larger, turn higher? Or is it the first leg in the resumption of a bear market? It appears that Saudi Arabia’s decision to ramp up production and abandon its $100 price target triggered the latest sell-off. But it also seems apparent that as far as oil traders are concerned, there’s zero belief that China’s proposed stimulus measures announced earlier this week, will do much to bolster the country’s ailing economy.by TradeNationPublished 3
Oil looking to retest lowsThe vast majority are talking inflation 24/7, but we very likely could be going into deflation for the next year or 2. China is already suffering from deflation and they are at over capacity and need to dump goods. A slowing China is deflationary for the world. In the US, job losses accelerating, and the number of layoffs companies are announcing is huge. These numbers will eventually show up in the economic data. Add demographics and record consumer debt and I doubt we will see anymore inflation (which was mostly do to energy prices and shortages FYI) for awhile. It will not be until rates drop in the next year and a huge economic recovery package is out in the economy will we see the inflation begin again. Shortby EarthmatrixPublished 2
Crude Oil vs Silveris Cheap AgainThe chart shows USOIL relative to Silver in a buy area again. USO (Crude oil futures ETF) is favorable choice to invest in crude oil since it benefits from current backwardation in future contracts. Target for USO : $80 Time period: 3 months. Trade suggestion: Buy USO at 73 Sell Covered call at 75 for Dec above $3.65-$4 per share premium.Longby CanadaFinanceGroupPublished 2
USOIL ideaThere are good areas for sale waiting for the price to reach them. Shortby Alrashedi04Published 4