USOILUSOIL looks good for reversal Keep look for chart and analysis like and followLongby dinesh_20517Updated 114
Outlook on USOIL Technical Perspective: USOIL pared recent gains as the price reversed below the 84.00 resistance. A further throwback towards the 78.00 support might occur, which aligns with the last consolidation zone before prices broke above the high near 80.00. If USOIL regains its bullish momentum above 78.00, a further rise to retest 84.00 might occur. A breach above 84.00 could prompt a further rise towards the next resistance zone at 86.00. Conversely, a breakout below 78.00 could prompt a further retracement towards the 72.00 support. Fundamental Perspective US crude oil inventories fell by 1.92 mln barrels last week, with a drawdown at Cushing, Oklahoma, highlighting ongoing supply constraints from OPEC+ production cuts. Weather-related risks that could disrupt oil production have also receded. Markets remain focused on a potential ceasefire, which could ease geopolitical tensions in the Middle East and supply concerns. Moreover, uncertainties about the Fed easing could temper the upward momentum of oil prices. by lixing_ganPublished 2
Crude Oil in a Traingle RangeCrude Oil forming a Traingle Pattern on Daily Time Frame.Price is currently going towards its resistance.Resistance levels are looking strong at the point of confluence of Angular and Horizontal Trendline Resistances.Lets see the price action at the resistance levels.by surajbholebslUpdated 2
USOIL Potential Support Breakout At $80.93. 10.07.2024- USOIL 1hr chart shows potential support breakout at $80.93. - Sustained breakout could target $80.00. - Breach of $80.00 may push price to $78.81. - Failed breakout may drive price to $81.67. - Break above $81.67 could reach $82.24. 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, Jivanโs Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby Stuart_CowellPublished 0
Bullish bounce off overlap support?WTI/USD is falling towards the support level which is an overlap support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 80.86 Why we like it: There is an overlap support level which is slightly above the 61.8% Fibonacci retracement. Stop loss: 79.33 Why we like it: There is a pullback support that aligns with the 127.2% Fibonacci retracement. Take profit: 82.96 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (โVantage Global Limitedโ, โweโ) by a third-party provider (โEverest Fortune Groupโ). 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.Longby VantageMarketsPublished 8
#usoil #wtiIf usoil gets a reaction from the 50 moving average, a new sell position can be added.Shortby foxforex3Published 4
USOIL - DOUBLE TOPHello Traders ! The USOIL failed to break the resistance level (83.77 - 84.42). The price formed a double top pattern. At the moment, The neckline is broken ! So, I expect a bearish move๐ ___________ TARGET: 80.76๐ฏShortby Hsan_BenhmedUpdated 5518
OIL POSSIBLE BUYBased on the current trend, the market is still bullish. The market is currently at the support structure. I can see a reversal chart pattern on the 4HR TF. We could see BUYERS coming in strong should the current level hold. 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 WiLLProsperForexUpdated 3
US Oil Trendline ConfluenceWe can see here bearish and bullish trendline. Price is currently testing our bearish trendline and retesting previously broken bullish trendline. We can also see reaction to 85 zone and I expect to see move down.Shortby SanShonePublished 9
Oil buy today until fridyanice 0.68 area here been watiing for, lost my house since, but all good. get in if want, full marge onlyLongby TaylorAimed4PipsPublished 334
Sell IdeaInstrument: USOIL Position: Sell Entry: 81.80 1st Target: 79.35 2nd Target: 76.75 Stop Loss: 83.00 Rationale: USOIL is exhibiting signs of a bearish trend, supported by recent price action and fundamental factors. Targets: Our primary target stands at 79.35, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at 76.75, indicating further potential downside momentum. Stop Loss: To manage risk effectively, a stop loss is placed at 83.00, just below the anticipated resistance level. This ensures a controlled exit in case of unexpected market movements. Disclaimer: Trading carries inherent risks, and this recommendation should be considered alongside individual risk tolerance and market analysis. It is advisable to employ proper risk management techniques, including the use of stop-loss orders, to mitigate potential losses.Shortby GODOCMPublished 3
WTI OIL Rejected on the 9-month Resistance. Still good to sell.Last week (July 02, see chart below) we called for a short-term correction upon a potential Lower Highs rejection on WTI Oil (USOIL): As you can see, the strong rejection was materialized last Friday on that 9-month Resistance, and the long-term Triangle pattern is technically looking for a 0.618 Fibonacci retracement level test. Zooming out on the 1W time-frame, we can see even more relevant info. During the previous two 0.618 Fibonacci pull-backs, the price also hit the 1W MA200 (orange trend-line), which has served as Oil's long-term Support in the last 3.5 years (since February 01 2021). The only time it closed a 1W candle below the 1W MA200 during this time span was recently on the week of June 03 2024. As a result, besides the 0.618 Fib, we expect the 1W MA200 to be tested also, so depending on the decline's strength, we may have to move our 77.00 Target a bit higher (e.g. 78.00). It has to be mentioned though that the decline to the 0.618 Fib during the past 2 corrections has been dealt within a week. So technically we should be expecting an aggressive move this week. ------------------------------------------------------------------------------- ** Please LIKE ๐, FOLLOW โ , SHARE ๐ and COMMENT โ 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. ** ------------------------------------------------------------------------------- ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ ๐ ๐ ๐ ๐ ๐ ๐Shortby TradingShotPublished 2224
USOIL Uptrend Line Breakout At $83.40 09.07.20241. USOIL downtrend breakout at $83.40 on 1hr chart. 2. Sustained breakout could drive price to $81.05, then $79.20. 3. Failed breakout may push price to $86.39, then $90.20. 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, Jivanโs Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby Stuart_CowellPublished 0
Bearish drop?WTI oil (XTI/USD) has reacted off the pivot and could potentially fall to the 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 - Predicting a ReversalUSOIL is currently in a bullish trend, consistently making higher highs. However, it has encountered three bearish divergences. The first two divergences caused the price to move sideways temporarily but did not reverse the trend. The most recent divergence, coupled with a near double top pattern and a significant bearish engulfing candle, suggests that bearish momentum may be gaining strength. Consequently, a potential sell opportunity could arise if the previous higher low at 81.859 is broken.Shortby AnalytixEdgeByQasimUpdated 6
USOIL daily analysis made using my SMC knowledge and studies, if you have any questions feel free to ask and i will answer as fast as possibleLongby tommasomariacominiPublished 2
Crude Oil Battles to Break Through Key Support ZoneHello There, Technical Outlook: Crude oil prices have been locked in a tug-of-war around a critical support area, testing the 76.253 level twice in recent trading sessions. Despite the downward pressure, the commodity appears poised to make a push higher, according to RSI levels. The 77.082 - 76.253 zone has emerged as a key support area, and a higher low above this range could signal the start of a bullish trend. A potential move higher could see prices stretch up to test supply levels. If prices can establish a higher low above that zone, it would lay the groundwork for a bullish breakout and a push toward the upside. However, the setup would be invalidated if prices were to fall below the 75.324 red line. Overall: If the price gains the momentum to hold above the key support zone, it could set the stage for a sustained rally, but a breakdown below 75.324 would likely signal a shift in the overall market sentiment ending the range in the Weekly timeframe. Fundamental Points: Oil prices went down because: There's too much oil being produced and not enough being used Inflation (prices going up) in the services sector (like healthcare, education, and finance) might stay high for a while This means interest rates (the cost of borrowing money) might stay high for longer than expected There's now more oil stored in tanks than expected, which is also causing prices to fall Happy Trading, K. Longby KhiweUpdated 3
usoil shortusoil made a couple of peaks on its chart and then broke its resistance and tested it. I think the 80.8 target will come.Shortby foxforex3Published 115
CRUDE OIL BEARISH BREAKOUT|SHORT| โ CRUDE OIL was trading In a rising channel but then Made a retest of the horizontal Resistance of 84.50$ and broke Out of the channel so we are Now bearish biased and we Will be expecting a Further move down SHORT๐ฅ โ Like and subscribe to never miss a new idea!โ Shortby ProSignalsFxPublished 112
WTI๐ Why should we join the sale of WTI oil? ๐ High Liquidity ๐ง: Busy market with endless opportunities. Extreme volatility ๐๐: creating profitable opportunities. Various analyzes ๐: the possibility of using technical and fundamental strategies. Economic Impacts ๐ผ: Exploiting Global Changes. Risk Management ๐ก๏ธ: Portfolio protection using futures contracts. Start now and take advantage of these opportunities! ๐03:06by Masih_RezvaniPublished 2
Us oilnext move is probably will go up as correction then target lower prices, what support also this theory is that the data we have have now shows we are very near to the recession. Shortby malikxdPublished 2
CRUDE OIL (WTI): Very Bearish Signal USOIL is currently in a long-term uptrend within a rising channel pattern. Following a failed attempt to break through the 84.30 resistance level, the market has entered a consolidation phase. The price has broken below both the range support and the parallel channel support, indicating a potential shift towards a minor downtrend. I anticipate a bearish continuation towards the 81.18/80.98 levels. For potential entry points, look for a retest of the broken trend support.Shortby linofx1Published 4423
Towards The Target UsoilIn my last idea about usoil i said usoil could fall from the resistance area as we saw its going to the target , when usoil broke the trendline and usoil was moving around the resistance and treanline it gave us a break out below the line and now towards the target Shortby VikingFx01Published 1