USOIL sell short ideaAfter retest fibo 50/61.8 sell usoil potential ABCDE structure wait after fibo retest and sellShortby ForexPrime447Updated 2
WTI Crude oil trading strategy on July 12 WTI Crude oil trading strategy on July 12 I give several safe trading areas: sell: 83.6-84 (scalping. Small profits are enough) 84.3-84.55 (suitable for selling, sl84.8) buy: 81.6-81.8 80.9-81.2 Trading according to these indicators will allow you to make safe profits. If you make a profit using my signals. Please join me and give me a thumbs upLongby Andy1_SmithUpdated 6
OIL POSSIBLE BUYThe market is currently retracing based on the daily TF. We could see possible buying opportunity should the 0.786 and 0.618 Fib levels hold. Let's see how this will unfold Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.Longby WiLLProsperForexPublished 2
One more time up, before continuing downChannel is channel, downside is confirmed 3 times already, while the upper boundary only once, I expect tomorrow crude oil inventories to be negative though, let's no trade before inventories. Shortby geokallidesUpdated 6
WTI POSSIBLE BUYPrice currently trade at $83.12 a buy opportunity is envisaged from the current market price as the Michigan sentiment came out worse than expected . I anticipate a bullish price action to develop away from the current market priceLongby CartelaPublished 1
Get it while it's cheapHello everyone - I do not trade or speculate on oil, although I do look at the price from time to time. With oil being a commodity that has moved sideways for the past 25 years, it may seem pointless to try to apply wave theory towards it. After charting the cycle, I noticed that the waves have unfolded in patterns that can be defined by the wave theory while making little progress overall. I’m not going to go into this too deeply and will not use any other indicators besides moving averages. With that being said, the weekly line chart appears to be in the early stages of wave III of the cycle that began in 1998. Wave I was followed what I am considering to be a double three correction (flat, zig-zag, zig-zag) that ended with the COVID shock that sent the price briefly under $20 per barrel. On the daily chart, the moving averages are coiling in a triangular pattern. I am calling this (B) of Primary 2. It looks like we are completing Minor E of the triangle, which should lead to lower lows in the near future. Since the price will be breaking the 200-week moving average, there should be a pretty significant drop. It is difficult to guess where (C) of Primary 2 will take us. I’m currently using 0.618 of Primary 1 as a potential endpoint, which could see oil going to $30-$40 per barrel. If this all ends up playing out, the end of Primary 2 could be the lowest price oil goes to for a long, long time. Let me know what you think of my analysis and thank you for reading! Shortby ap769Published 4
USOIL Downtrend Line Breakout At $82.64 12.07.2024- USOIL observed a downtrendline breakout on the 1-hour chart at $82.64, with the current price near $82.88. - If the breakout sustains, there's a potential move towards $83.14, with further upside likely to $84.60 upon breaching $83.14. - Conversely, a failed breakout could lead to a decline towards $82.24, and breaking below this level may push the price down to $81.96. 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) DisclaimerLongby Stuart_CowellPublished 0
CRUDE OIL (WTI): Classic Bullish Breakout Crude Oil has successfully broke and closed above a strong horizontal daily resistance level. The highlighted blue region also serves as the neckline of a cup and handle formation. This breakout has the potential to drive prices significantly higher, with the next target being 83.50, then 84.00 a key psychological level. Traders looking to enter the market should take into account the breached structure.Longby linofx1Published 2214
USOILExpecting more upward movement for the USOIL SL moved to BE just enjoying the wave. VHT YOUR MENTOR SIGNING OUTLongby Victor_Hunter_TurnerPublished 0
Crude oil holding recent gainsFront-month WTI fell back close to $80 per barrel yesterday before it bounced sharply. This move should be encouraging for bullish investors as it suggests that oil prices may have found a good level of support. If it continues to hold, and if prices now consolidate between $80 and $81, then the bulls could have a launchpad for further gains. This assumes that the pull-back since Friday was enough to blow some froth off the rally which began in early June. If not, and if there’s a break below $80, WTI could then fall back to retest the area between $77.70 and $78.20 as the next significant support level. Yesterday, the US Energy Information Administration reported bigger-than-expected crude and gasoline inventory draws. This helped put a floor under prices. Prices rallied a touch following today’s lower-than-expected CPI release. Headline CPI dropped to 3.0% year-on-year, lower than both the 3.1% expected, and the prior reading of 3.3%. While still significantly above the Fed’s 2% target, this latest drop has raised the probability of two 25 basis point rate cuts before year-end. by TradeNationPublished 5
OIL: Day 3 breakout short, first green dayHi 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 ✅ day 2 cycle 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, signal day, potential weekly dump and pump can be completed by today. At the moment the market is dumping in the day, if I will see a consolidation holding till CPI or 9am (OIL opening ), I will be willing to take this long setup Short: secondary, Asia pumped into yesterday HOD, and failed, I can not exclude a retest of the LOW if the market keep going breaking down. 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 Longby GianniPichicheroUpdated 101017
USOIL ( UNDER BEARISH PRESSURE ) ( 4H )USOIL HELLO TRADERS Tendency after the price breakout , indicates the price is under bearish pressure TURNING LEVEL : there is a purple line around 82.84 , indicates if the price trade below this level reach a support level , but if the breaking turning level reach a resistance level RESISTANCE LEVEL: there is a green line around 85.25 , indicates selling have already increase this level , when you reach this level buyer have more supply for oil SUPPORT LEVEL : there is a red line around 79.66 , indicates buying have already increase this level , when you reach this level selling have more demand for oil PRICE MOVEMNET : the price stabilizing below turning level around 82.84, in my opinion until the price trade below turning level ,indicates selling have more demand for oil , so reach a support level at 79.66, then breaking this level reach a next target at 77.37, if the price breaking turning level , indicates buyer have more supply for oil , so reach 85.25 and 87.41 TARGET LEVEL : RESISTANCE LEVEL : 85.25 , 87.41 SUPPORT LEVEL : 79.66 , 77.37 Shortby ArinaKarayiUpdated 4
USOIL Will Go Lower! Sell! Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 81.984. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 78.552 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 115
CRUDE OIL (WTI): Overbought Market?! Crude Oil leaves multiple bearish clues. The price formed a double top and a rising wedge pattern on a daily and broke a neckline and a trend line of both patterns. On an hourly time frame, I see an inverted cup & handle with a confirmed violation of its neckline. Looks like the market is overbought. We may expect a correction to 82.07 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTraderPublished 1111
USOIL Uptrend Line Rejection At $80.91. 11.07.2024- Technical Setup: USOIL observed an uptrend line rejection to the upside on the 1-hour chart at $80.91. - Upside Potential: If the rejection holds, there is a strong probability for the price to advance towards $83.24. Further breach of $83.24 could lead to an extended move towards $86.20. - Downside Risk: Conversely, if the rejection fails, there is a high likelihood of a decline towards $79.09. A breakdown below $79.09 could potentially push the price down to $77.65. 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) DisclaimerLongby Stuart_CowellPublished 1
Bearish drop?WTI/USD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 82.94 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 84.15 Why we like it: There is a pullback resistance level. Take profit: 81.21 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.Shortby VantageMarketsPublished 8
Bearish drop off 50% Fibonacci resistance?WTI oil (XTI/USD) is rising towards the pivot and could drop from this level to the 1st support which acts as an overlap support. Pivot: 83.19 1st support: 80.90 1st Resistance: 84.34 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 8
Usoil BullishUsoil has break the trendline now its going to upper resistance that is 84.00 in my last few ideas about usoil has gone very well now we can go for long from this level of 82.31 Longby VikingFx01Published 2
OIL SHORTExpecting price to form strong resistance around this area and continue trending towards next figure level @80.000.Shortby newsyPublished 1
Crude OilPair : Crude Oil Description : Completed " 12345 " Impulsive Waves Break of Structure Demand Zone Rising Wedge as an Corrective Pattern in Short Time Fame Fibonacci Level - 61.80%by ForexDetectivePublished 3
WTI tests key supportWTI was testing a key support area after falling for the third consecutive day. As can be seen on the chart, US oil was testing support around the upper end of the 80.00 - 81.50 support area, which had been resistance in the past. Here, we are expecting to see a rebound given the bullish price structure of crude oil over the past several days. If so, another test of the bearish trend line going back to September 2023 should not come as surprise, around the $84.00 area. The line in the sand is now at around $80.00, the most recent low prior to the latest rally. Should WTI break below this level, then it would invalidate its still-bullish technical picture. But my base case scenario is that we could see a recovery from around the current levels. By Fawad Razaqzada, market analyst at FOREX.comLongby FOREXcomUpdated 4
WTI Crude Oil Falls for the 4th Straight DayWTI Crude Oil has been trending consistently lower dating back to Friday reverting to the $80 "magnet" that has continually attracted prices since Q4 2022. In a rangebound market like this, traders may consider selling rallies meaningfully above $80 and buying dips toward $70, using oscillators like RSI to identify overbought and oversold markets. -MWby FOREXcomPublished 1
Is the correction of oil prices continuing?📊According to the selling pressure in the market, if the range of 80.5 units is broken and the price stabilizes below it, the price may fall to the range of 79.3 units🎯, and if the range is strong, it will reach 77.7 units🎯🎯. 📊Otherwise, the possibility of price increase up to the range of 84.2 units.Shortby arongroupsPublished 7