Possible usoil bearish continuationprice of oil on a bearish trend, with BOS on the 4hr and price heading to the sell zone for possible bearish continuation. Remember: Risk Management very important.Shortby habinelUpdated 5
Oil_Crude (WTI)Prioritising risk management Lot's of factors affecting the price of crude oil Supply cuts effects? Global supply chain effects? Tension?Longby Vincent_CatchMoneyMagnetPublished 2
Oil prices rise, support levelThe blue downward channel is obvious and unexpected, but it's actually quite simple. You already know nowLongby trade1638Published 3
USOIL BEARS WILL DOMINATE THE MARKET|SHORT Hello, Friends! We are targeting the 74.35 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 113
USOIL 8/2/2024Current Analysis: Correction Buy (ABC Pattern): We’re observing an ABC correction pattern. HTF Leg 1 has developed well, and we're about to complete Wave 3 in this leg, entering a markdown phase. Current Position: Leg C: We’re in Leg C of the ABC pattern, which should deliver an impulse move. However, internal indicators aren't fully confirming this setup yet. Action Plan: Entry Strategy: Risk Management: Set buy orders with a stop-loss below Leg 2 to manage risk. Timing: Expect potential movement around key news events like NFP or early next week (Monday or Tuesday). Watchlist: Patterns: Monitor for specific patterns to confirm the buying opportunity within the current formation. Adjust your strategy based on emerging patterns and key economic news.Longby spacedevilPublished 7
Market Analysis: Oil Price Takes HitMarket Analysis: Oil Price Takes Hit Crude oil is showing bearish signs and might decline below $75.00. Important Takeaways for Oil Price Analysis Today - Crude oil prices failed to clear the $78.20 region and started a fresh decline. - There was a break below a connecting bullish trend line with support at $77.50 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 clear the $78.20 resistance zone against the US Dollar. The price started a fresh decline below the $77.00 support. There was a break below a connecting bullish trend line with support at $77.50. There was a steady decline below the 50% Fib retracement level of the upward move from the $74.23 swing low to the $78.25 high. The pair is now consolidating below the 50-hour simple moving average. Finally, the price tested the 61.8% Fib retracement level of the upward move from the $74.23 swing low to the $78.25 high. If there is a fresh increase, it could face resistance near $77.00 and the 50-hour simple moving average. The first major resistance is near the $78.20 level. Any more gains might send the price toward the $79.50 level. Any more gains might call for a test of $80.00. Conversely, the price might continue to move down and revisit the $75.20 support. The next major support on the WTI crude oil chart is $74.20. If there is a downside break, the price might decline toward $73.50. Any more losses may perhaps open the doors for a move toward the $72.50 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.by FXOpenPublished 226
CRUDE OIL (WTI): Support & Resistance Analysis Here is my latest structure analysis and important support & resistance levels to watch and trade on WTI Crude Oil. Resistance 1: 78.5 - 78.8 area Resistance 2: 80.2 - 80.5 area Resistance 3: 82.8 - 83.7 area Resistance 4: 84.0 - 84.5 area Support 1: 74.6 - 75.2 area Support 2: 72.4 - 72.8 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTraderPublished 4413
New York / Asia Session Recap - OIL, NAS100, JP225, USDJPYOil Fakeout Retracement Setup NAS100 Weekly Breakout Continuation Setup JP225 Breakout Setup USDJPY Trend Retracement Setup10:29by nohypetraderPublished 3
USOIL Uptrend Line Rejection At $76.57 02.08.2024Apply 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) DisclaimerLongby Stuart_CowellPublished 2
AUD/NZD Short, NZD/CAD Short and WTICO/USD ShortAUD/NZD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. NZD/CAD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. WTICO/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. Short19:17by StewySongsUpdated 3
WTI GOING UP!!After a whole month fall price has found some support around 77.2 level. Downtrend has been broken and retested, whilst forming an inverse H&S pattern. Longby Justin-fxPublished 4
1:6 RR | Oil - Crude(WTI) | NYC-SessionThe labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an avoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on Key indicators on Trade Set Up in general; 1. Push Set Up 2. Range Set Up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # TREND | TIME FRAME CONDUCTIVE | 4 Hour Time Frame - General Trend - Measurement on Session * Signpost * Support & Resistance * Trade Area | Focus & Motion ahead # POSITION & Risk Reward | 1 Hour Time Frame - LL & LH | Downtrend - Measurement on Session * Extension 0.88 & 1 * Retracement * 1:6 RR | Partial | Medium Range * Time Scale Conclusion | Trade Plan Execution & Risk Management on Demand, specifics are essential like applied; * Sell Push Set Up * Trail Stop & Take Profit / aim big(Price action moves slow) * Directional Movement * High Probalility Move(High Volume) Shortby jasper16231Published 1
USOIL - Exhaustion Climax ?USOIL Slumped with PCE inflation data today. Now down below 2018 support again. Notice the highlighted bullish RSI divergence. And now the RSI is currently quite raised. This can mean 1 of 2 things: 1) The slump is an Exhaustion Climax with momentum shifting to the upside. 2) The bullish divergence was exhausted in the bounce and now this is a new wave down. Considering this is a high volatility area. And considering that this area below support is og higher liquidity. I think more chance that this is 1). If i'm wrong I will consider this invalidated if it can continue with significant impulse below the low. But if i'm right, this could be a major bullish pivot here 👍. Longby dRends35Updated 2216
Crude oil-about to turn?Yesterday saw a sharp turnaround in oil after prices appeared to find a floor on Tuesday. This followed a near-relentless sell-off which began at the beginning of July. But Wednesday brought a last-minute stick save. This saw Brent and WTI bounce sharply. Front-month WTI was trading above $78 earlier this morning, having hit a multi-week low of $73.35 on Tuesday. The trigger may well have been the escalation in hostilities across the Middle East where Israel appears to have targeted and killed two senior enemy figures, one from Hamas and another from Hezbollah. Crude was already looking quite oversold as it closed in on its multi-month low hit back in early June. Could yesterday’s recovery be the start of a more prolonged rally? It will certainly have caused many shorts to cover. But whether the move is enough to trigger a 180 degree shift in sentiment remains to be seen. In other news, OPEC+ meets today and is forecast to continue with its current programme of production cuts. Tomorrow sees the release of quarterly results from Chevron and Exxon Mobil. These follow on from Shell’s profit beat announced this morning, and BP’s positive results earlier this week. by TradeNationPublished 8
SELL USOILUSOIl making a Harmonic PAttern at 1h time frame most probably it will reverse from PRZ. if we put these entries we can make good profis.Shortby EhtishamAhsanPublished 0
Crude Oil Steps In A Corrective RecoveryCrude oil is strongly stabilizing after a completed five-wave drop from the highs, so it's making a higher degree A-B-C corrective recovery. Current impulse up into wave A can be coming to an end at temporary 79-80 resistance area, from where may see a corrective setback in wave B before we will see a bigger recovery for wave C up to 81 – 83 strong resistance zone.by ew-forecastPublished 3
WTI Waves and ZonesWTI is in a September 2023 to form a Large Multi Month Triangular Consolidation. We are nearing the pointy end. On the lower time frame , this leg can be seen to be playing out in 5 waves. We are in wave 4 , and price is consolidating a Supply Zone. The 4th wave may be in 3 for an ABC movement. I am looking for a First Test Rejection of Supply. Its not sharp, its not quick. It's a small rectangular consolidation. So maybe a small rejection to B , before a break higher to 80. The final leg would target the ascending supporting trendline and a move to 75. I like these big round numbers. by UmlingoPublished 0
WTI Oil H4 | Approaching pullback resistanceWTI Oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 79.03 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 80.63 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at 76.38 which is a pullback 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): 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. 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.Short03:03by FXCMPublished 9
Oil, a Structure Analysis Oil, a structure analysis After the news that Israel carried out an attack on the southern outskirts of Lebanon's capital Beirut, we saw the oil price rising. It was a normal price reaction as we have see often during breaking news related to the war. Technical analysis: The price already reached a major resistance zone. From this area, the price has to take a decision. A move above the red zone or 78.60 should push the price further to 80.20 and 82.50 If the price develops these days below the red zone has chances to move down again. However, it could be a bit risky to trade in the current conditions. 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❤️by KlejdiCuniPublished 3330
LCrude: Shell reports $6.3B on lower crude oil marginsShell reported a 19% drop in second-quarter earnings to $6.3 billion due to lower margins in refining and oil and gas marketing. Despite the decline, it beat analysts' forecasts, who had expected $6 billion. The British company also announced a $3.5 billion share buyback over the next three months and maintained its dividend at 34 cents per share. Adjusted earnings rose from $5.1 billion a year earlier, but were down from $7.7 billion in the first quarter. The decline reflected lower prices and sales volumes, as well as weaker transactions in the liquefied natural gas division due to seasonally low demand. In addition, results were affected by lower refining margins and weaker oil trading. Looking at the chart, you can see that crude oil has seen a 30% oversold return on the RSI on the 29th, being 47.38% today. Shell's earnings news has moved crude oil to the middle zone of the long term channel where the Check Point (POC) at $78 also converges, so now it only remains to be seen if crude oil will continue to take positions with buyers and return to the $93.95 zone. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Longby ActivTradesPublished 3
USOIL-LongUSOIL reacted on weekly support, and confirmed breakout by closing above the daily resistance. This confirms longs for me, granted the move has already begun, but this is low risk just manage draw downs on pullbacksLongby TradingdeckPublished 1
USOILThis Weekly FORECAST Opportunity for USOIL. This setup trading idea is for intraday. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Longby TREND-TITANPublished 1
USOIL Will Go Higher From Support! Long! Take a look at our analysis for USOIL. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 78.40. Considering the today's price action, probabilities will be high to see a movement to 79.82. 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