WTI bearish trendWTI bearish trend, can face resistance in trenlines, we can make two entries one at lower trendline and one at above trendline and can average selling priceShortby talhaamjad57Published 0
USOIL: Long Trading Opportunity USOIL - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long USOIL Entry Point - 78.58 Stop Loss - 77.07 Take Profit - 81.12 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignalsPublished 113
Oil - Butterfly to break the WedgeWTI has been in a contracting wedge pattern since early 2023. A Harmonic Butterfly is considered as the ending pattern for this longer term wedge. The BC leg can be .382 ( which has formed and tested the 200MAV ) or .886 which would look to retest the wedge low around 74. The short term bias is bearish. From here, the next impulsive leg CD would change bias to long , and see a break of the wedge. by UmlingoPublished 1
Oil-Crude(WTI) | Range Idea | Pre-MarketWithin a 100K Account Balance the split on Trade & Risk Management = 1/10% - 1/20% margin as an Execution Range, to set up an Order Entry and select a per Trade on Average, to avoid any drawdown hit regarding to Stop Loss & to execute Risk on Management Specifics. Trail Stop efforts are a Focus of Attention to the set up in general when Volatile-Price-Action is involved, mainly because of the usage of an Intraday-Scalp-Position tool on behalf on the Trade Plan in general # POSITION & Risk Reward | 15 Minutes Time Frame - Measurement on Session * Rally | Short * Retracement | 0.5 & 0.618 * Extension | 0.88 & 1 # LOWER DEGREE | 1 Hour Time Frame - Behaviour & Subdivision - Measurement on Session * Ascending Triangle * 12345 Wave Set Up * Retracement * Extension # TREND | TIME FRAME CONDUCTIVE | 16 Hour Time Frame - Support & Resistance area 1 - Support & Resistance area 2 - Support & Resistance area 3 - Subdivision & General Trend - Measurement on Session * Retracement * Support & Resistance * Trade Area | Focus & Motion ahead Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Sessionby jasper16231Published 1
USOIL Will Go Down From Resistance! Short! Here is our detailed technical review for USOIL. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 81.01. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 79.89 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 1110
CRUDE OIL (WTI) Bearish Trend Continues WTI Crude Oil formed a classic bearish reversal pattern on a daily time frame - a head & shoulders pattern. Bearish violation of its neckline is an important bearish signal. I think that the market may reach 77.9 level next week. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTraderPublished 116
#OIL possible move for the coming daysPrice seems like completed 3rd wave of lower time frame bullish impulse move and as a result we could expect an abc bearish corrective move. to set stage for another bullish leg to complete fifth wave. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.by mohematiUpdated 2
Market Analysis: Crude Oil Price Correct Recent GainsMarket Analysis: Crude Oil Price Correct Recent Gains Crude oil prices are also moving lower from the $82.20 resistance zone. Important Takeaways for Oil Prices Analysis Today - Crude oil prices extended downsides below the $81.30 support zone. - A major contracting triangle is forming with resistance near $80.70 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 continue higher above $82.20 against the US Dollar. The price formed a short-term top and started a fresh decline below $81.30. The bears even pushed the price below $80.70 and the 50-hour simple moving average. The price even declined below the 50% Fib retracement level of the upward move from the $79.25 swing low to the $82.18 high. The price tested the $80.40 support zone and the 61.8% Fib retracement level of the upward move from the $79.25 swing low to the $82.18 high. Immediate support is near the $80.40 level. The next major support on the WTI crude oil chart is near $79.95. If there is a downside break, the price might decline toward $79.25. Any more losses may perhaps open the doors for a move toward the $78.00 support zone. On the upside, immediate resistance is near a major contracting triangle at $80.70 and the 50-hour simple moving average. The next resistance is near the $81.30 level. The main resistance is near a trend line at $82.20. A clear move above the $82.20 zone could send the price toward $82.50. The next key resistance is near $83.20. If the price climbs further higher, it could face resistance near $84.50. Any more gains might send the price toward the $85.00 level. 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 227
OIL MAP FY24-25 : GUNS BLAZING, RIGS BLOWING, OCEAN BURNINGthis post is meant to be a refresher for the dedicated analysts Can you imagine the ocean on fire like in that one Simpsons episode Honestly this is just for the conspiracy gang (are we still saying gang?) Anyways biden manipulated my last forecast but he cant fight supply and demand 4ever unless he backed by some super market maker power that wants a certain war to take place as they expand their nations territory while ruining relations with the world... Assuring him if oil prices are affected we will roll in a trillion and supply based propaganda to short it no biggie that is what i suspect if im wrong again that said as each zone breaks im expecting headlines of the sorts i heard people like to stalk the barrels notica how they are showing dark lining inside the circles showing they are no filled around plains all american www.google.com Longby Bekiumuzi_DubeUpdated 224
WTI Oil Price Analysis: Market Dynamics and Global ChallengesCurrent Situation: The price of West Texas Intermediate (WTI) has experienced a slight decline due to the strengthening of the US dollar (USD), supported by rising yields. Currently, the price of WTI is around $81.20 per barrel during European hours on Thursday, after gaining ground in the Asian session due to a larger-than-expected drop in US crude oil inventories. Supply and Demand: The reduction in US crude oil inventories has been significant. The Energy Information Administration (EIA) reported a decrease of 4.87 million barrels for the week ending July 12, a figure much higher than the expected drop of 0.80 million barrels and the previous decrease of 3.443 million barrels. This decline in inventories may suggest robust domestic demand, which can have a positive effect on oil prices. Impact of Monetary Policies: Expectations that the Federal Reserve (Fed) will reduce interest rates in September could improve economic conditions in the United States. With lower borrowing costs, economic activity could increase, which in turn could support oil demand. Statements by Fed Governor Christopher Waller and Richmond Fed President Thomas Barkin indicate a possible rate cut, which could further incentivize oil demand. Market Pressures: Despite some positive signs, the overall decline in commodity demand expectations continues to threaten the energy complex. According to Daniel Ghali, senior commodity strategist at TDS, the absence of an increase in supply risk premia could continue to exert downward pressure on prices. However, Commodity Trading Advisors (CTAs) still have substantial resources to deploy in the market, which could limit price declines in the short term, barring a significant downturn. Global Challenges: Another challenge for WTI oil prices is the economic slowdown in China in the second quarter, which reduces demand from the world's largest oil-importing country. Increasing trade tensions, with new tariffs on Chinese electric vehicles imposed by the United States and the European Union, contribute to an uncertain global economic outlook, negatively impacting oil demand.Shortby Forex48_TradingAcademyPublished 113
USOIL Potential Support Breakout At $80.47 19.17.2024Support Breakout: Potential downside breakout in USOIL on 4HR chart at $80.47 Bearish Scenario: If $80.47 holds, likely drop to $78.74 If $78.74 breaks, possible further drop to $77.39 Bullish Scenario: If $80.47 fails, possible rise to $82.66 If $82.66 breaks, likely move up to $85.45 Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby Stuart_CowellPublished 1
CRUDE OIL Support Ahead! Buy! Hello,Traders! CRUDE OIL is going down Now but the price will soon Hit a horizontal support Of 80.15$ from where We will be expecting a Local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignalsPublished 112
Oil Sideways Trading Range.... July 2024Oil Trade... July 2024 Even Oil is looking like it is going to continue to trade sideways, look to Low/Mid 70's to Buy and Sell at or above $85. $80 seems to be a happy medium in the trading range and we are currently at $82.81 right now... I will be posting about this sideways trading range for subscribers, look at a couple of trading ETFs in both Canada and the US, and look at some Oil Producers trading ranges. I will also be sharing my thoughts on the price of oil based on Election results. For now, I think this trading range holds unless we get some geopolitical event to break out of the range, and then it goes higher if any disruption to supply happens.by FinancialLibertiesPublished 2
SellInstrument: USOIL Position: Sell Entry: 81.19 1st Target: 78.74 2nd Target: 76.06 Stop Loss: 83.64 Rationale: USOIL is exhibiting signs of a bearish trend, supported by recent price action and fundamental factors. Targets: Our primary target stands at 78.74, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at 76.06, indicating further potential downside momentum. Stop Loss: To manage risk effectively, a stop loss is placed at 83.64, just below the anticipated resistance level. This ensures a controlled exit in case of unexpected market movements. Shortby GODOCMPublished 2
USOIL Will Move Higher! Long! Here is our detailed technical review for USOIL. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 81.336. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 82.947 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 112
USOIL BULLS ARE STRONG HERE|LONG Hello, Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 12H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 83.80 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignalsUpdated 115
WTI OIL Still bearish but watch this level for a reversal.WTI Oil (USOIL) is posting today the 2nd straight green 1D candle following yesterday's EIA report but the short-term pattern remains a (dashed) Channel Down, which keeps the trend bearish. Ever since the July 05 rejection at the top (Lower Highs trend-line) of the 1-year Triangle pattern, we've been aiming for a 1W MA200 (red trend-line) contact, similar to the February 05 2024 Low. As long as the 1D RSI remains below its MA trend-line, we will remain bearish, moving however our medium-term Target a bit higher to 78.50. If however the RSI breaks above its MA, we will close the short immediately and buy instead on the bullish break-out, targeting 87.60 (Resistance 2). Keep also an eye on the RSI's Symmetrical Support level (43.35) for a potential reversal. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShotPublished 2222
Crude Oil: Buy Entry Near 81.25/04 on 4-Hour ChartMonthly TF : From a cyclicity perspective, ICMARKETS:XTIUSD has been sideways for a considerable time. However, last month's price action formed a bullish engulfing bar, indicating a bullish bias. Weekly TF : Similarly, cyclicity does not offer much, but since June, a bullish move has begun with no signs of ending. Last week's price action was an inside bar with a rejection wick at the bottom. Thus, the weekly chart indicates a bullish sentiment. Daily TF : While cyclicity phases aren't clear, the daily chart shows a bullish move up. Due to the weekly inside bars, the daily chart is in a ranging structure. 4-Hour Chart : With a bullish bias and ranging structure, it's prudent to wait for the price to reach the bottom of the range before going long to target the top of the range. It might not reach the bottom of the range, and that's fine. We are not rushing into long positions from arbitrary points; we only want to enter from key levels. Buy Limit Entry : 81.25/04 Stop Loss : Below 80.70 Target(s) : 83.78, 84.45Longby its-ahmadUpdated 1
USOIL Uptrend Line Breakout At $82.89 18.07.2024USOIL breaks uptrend line at $82.89 on the 4HR Chart. If breakout holds, potential drop to $80.66; further decline to $78.92 if $80.66 is breached. If breakout fails, price may rise to $85.71; further increase to $89.31 if $85.71 is surpassed. 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) DisclaimerShortby Stuart_CowellPublished 0
crude and a monthly patternJust showing a monthly pattern followed by crude, will try to give some important levels shortly by omvats1Updated 16
Oil Buy set upOil is on an overall Daily uptrend. I dropped down to the 4hr and noticed a choch. Waiting for a daily retest to go back up. Will look for sell opportunity for people who may want to catch the sell before the buyLongby TradersLairPublished 2
USOIL LONG IDEAUSOIL has broken the weekly trend. Good upward rally is expected. Entry and Targets are mentioned in the chart. calculate your risk and enter. Swing trade setup so have some patience. Longby CNxHoneyPublished 0