USOIL otw 2746m15 pinbar was unable to penetrate the mid-bollingerbands area, the trend continues until the nearest pullback area.Longby priceactionindonesia1
SELL USOILBeen a while since I last posted a trade, I'm sharing with you this on CL1! / USOIL that you can take as seller with the same TP and SL on the chart. Follow for more!Shortby YassineAnalysis2
USOIL: Strong Bullish Bias! Buy! Welcome to our daily USOL prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 70.221 Wish you good luck in trading to you all!Longby XauusdGoldForexSignals111
XTIUSD / CRUDE OIL @ 70.33: Bigger Picture 01-Nov-2024XTIUSD / CRUDE OIL @ 70.33 Resistances: 77.91/83.91/94.21/126.21 Support: 63.89 As long as 77.89 holds resistances, we can see 68.55/63.89/55/44.50. Reversal from any of these levels, we will see big up move and first target would be 126. Further targest 155/210+by kacraj3
Oil ShortRound 2 for an oil short Looking to short once oil has closed the gap it made on Sunday. For now oil is in a short term downtrend, if this gap is closed and broken past to the upside then we can expect a more bullish oil in the near future. For now looking at a trendline bounce trade idea. Entry- on the 61.8% Fibo at 70.4 Sl- 65 pips TP- Targeting the 38% of the current fibo structure at 69.15. Confluences: Trendline 3rd touch Key Level 61.8% fibo H6 50EMA (Not strong confluence but its present) Trade safe and catch you later traders ▲Shortby FalkenFx1
Crude Oil (WTI) may rise to 69.90 - 70.65Pivot 67.85 Our preference Long positions above 67.85 with targets at 69.90 & 70.65 in extension. Alternative scenario Below 67.85 look for further downside with 67.25 & 66.70 as targets. Comment The RSI is bullish and calls for further upside. Supports and resistances 71.35 70.65 69.90 68.94 Last 67.85 67.25 66.70 Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson3
Bearish reversal off 50% Fibonacci resistance?USO/USD is rising towards the resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 70.14 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 72.32 Why we like it: There is a an overlap resistance level that is slightly below the 61.8% Fibonacci retracement. Take profit: 68.39 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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 VantageMarkets7
WTI Bullish Momentum: Key Level to WatchHello, The likelihood of a bullish continuation for BLACKBULL:WTI has increased following the recent test of support. Now, it just needs to cross and hold above the 1M pivot point to confirm an upside trend! TradeWithTheTrend3344 by TradeWithTheTrend33441
OIL price' s bearish retest#oil MARKETSCOM:OIL price has been bearish for a long time, this month the price took a bounce but i think it' s a bearish retest. Not financial advice.Shortby naphyse0
WTICurrent market conditions show trend continuation signals across multiple timeframes, with key levels identified for potential entries and targets.Shortby FXNestFX0
WTI - How will oil react to the elections?!In the 4H timeframe, oil is below the EMA200 and EMA50 and is moving in its descending channel. In case of rising due to increasing tensions, we can see the ceiling of the channel and sell in that range with appropriate risk reward. If the downward trend continues and the support range is broken, you can buy oil at the bottom of the downward channel. Under President Joe Biden, U.S. oil and gas production has reached new records, and the outcome of the U.S. election is unlikely to significantly impact commodities like energy in the short term. Analysts at Capital Economics believe that the election result will have minimal influence on most commodity prices over the next few months. However, differences in candidates’ views on vehicle greenhouse gas emissions, liquefied natural gas (LNG) exports, and foreign policy toward Iran could notably impact oil and gas prices over the next five years. The CEO of Goldman Sachs stated that the U.S. economy is very resilient, expressing concerns over global inflation, spending, and the U.S. budget deficit. He advised focusing on the long-term interest rates in the U.S. Solomon emphasized the importance of U.S. long-term interest rates and mentioned that the Federal Reserve will base its 2025 decisions on economic data. He also noted that geopolitical impacts on Goldman Sachs’ business are minimal but voiced concerns about geopolitical tensions in the Middle East. Yesterday, Saudi Arabia’s energy minister announced that the country remains committed to maintaining a production capacity of 12.3 million barrels of crude oil per day. In Q3, British Petroleum (BP) reported a net profit of $2.3 billion, exceeding analysts’ expectations. This compares to $2.8 billion in Q2 and $3.3 billion in Q3 2023. BP shares have declined by over 14% since the start of the year. BP is also targeting new investments in the Middle East and the Gulf of Mexico to boost oil and gas production. A BP spokesperson stated that the company will continue as a simpler, more focused, and higher-value entity. Other oil companies like Shell and Total are also preparing to release their quarterly reports shortly.Shortby Ali_PSND2
CRUDE OIL Potential Long! Buy! Hello,Traders! CRUDE OIL made a huge Gap down recently and The price has almost Reached a horizontal Support of 66.50$ From where we will be Expecting a local Bullish correction Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals1117
Inside Day Breakout Continuation setup taken with Silver todayIn this video, I walk you through my entire thought process during today's trading session. You'll learn how I selected the pairs and executed three key trades: * WTI Breakdown Continuation * Silver ID Breakout Continuation I'll also provide a detailed explanation of the ID breakout setup, helping you understand how to apply this strategy in your own trading. Don't miss out on these valuable insights and tips!08:42by TC8881
Crude oil - selling pressure again? Crude prices were firmer in early trade this morning, making back a proportion of yesterday’s sharp losses. The jump came after the US said that it plans to purchase crude oil to replenish its Strategic Petroleum Reserve. But the gains so far fall well short of what’s needed to take crude back to Friday’s close which saw front-month WTI trading close to $72 per barrel. Oil gapped lower as it reopened on Sunday night as details emerged of Israel’s retaliation for Iran’s missile bombardment earlier this month. Israel’s attack focused on military targets, including Iranian air defences, as well as missile and drone production and launch facilities. There was widespread relief that Israel chose not to attack Iran’s oil and nuclear infrastructure, and this in turn could give Iran a way out from taking tit-for-tat measures with all the escalation risk such a move would have. So, with oil supply from the region still unaffected, and global demand growth forecast to slow further, it looks as if the path of least resistance is down, at least in the medium term. Front-month WTI could be in the process of completing a near-text book head and shoulders pattern, particularly if prices were to retest the September lows around $65. by TradeNation3
#WTI Crude Oil 4-HWTI Crude Oil 4-Hour Analysis WTI Crude Oil is trading within a falling channel on the 4-hour chart, currently finding support at the channel's lower boundary. This support level could provide a potential buy opportunity, especially if bullish momentum builds. Additionally, a breakout above the channel's upper resistance line would signal further upside, opening the door for more buy entries. Technical Outlook: - Pattern: Falling Channel - Forecast: Bullish (Buy Opportunity) - Support Level: Channel lower boundary - Further Opportunity: Buy more if resistance breakout occurs Traders may look to enter buy positions at the channel support and consider adding to positions if a breakout above the upper resistance confirms additional bullish momentum. Indicators like RSI for oversold conditions or MACD for bullish crossovers can provide extra confirmation before entering.Longby PIPSFIGHTER16
WTI Oil H4 | Potential bearish breakoutWTI oil (USOIL) is falling towards a potential breakout level where the bearish momentum could drive it lower. Sell entry is at 67.16 which is a potential breakout level. Stop loss is at 68.20 which is a level that sits above the 23.6% Fibonacci retracement level and a pullback resistance. Take profit is at 65.64 which is a swing-low 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. 64% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.Shortby FXCM3
WTI CRUDE OIL: 1H Death Cross suggests another Low is coming.WTI Crude Oil is bearish on its 1D technical outlook (RSI = 42.281, MACD = -0.560, ADX = 26.062) with the bearish bias evident as in the last 3 weeks the price is trading inside a Channel Down. The formation of a 1H Death Cross earlier today, draws comparisons with the October 15th one. Both price actions found a temporary support on the 1.382 Fibonacci level at the time of the Death Cross but the 1H RSI was rebounding on a bullish divergence. We expect the price to extend replicating that bearish wave and approach the 1.618 Fib eventually (TP = 66.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Shortby InvestingScope10
Risk-on Risk-off Report, October 29, 2024October 29, 2024. Market sentiment reflects a cautious risk-off environment. Factors contributing to this include ongoing geopolitical tensions, such as the Israel-Gaza conflict and Russia-Ukraine situation, which increase market volatility and drive investors toward safe-haven assets. Currency Movements and Bond Yields: Safe-Haven Currencies: The Japanese yen (JPY) and Swiss franc (CHF) have strengthened, typical in risk-off periods. The U.S. dollar (USD) remains strong, especially against risk-oriented currencies like the Australian (AUD) and New Zealand dollars (NZD), which have weakened as investors avoid riskier markets. High-Yielding Currencies : Commodity currencies like the CAD, AUD, and NZD are currently facing selling pressure, reflecting an overall aversion to risk in forex trading. This is evident in the downtrend for AUD/USD, with further bearish sentiment expected as investors shift focus away from risk assets. Bond Yields : Short-term bond yields in the U.S., Canada, and other developed economies remain high but are starting to plateau due to concerns about long-term economic stability and potential adjustments in monetary policies. Japan’s Bank of Japan has hinted at possible rate normalization, which could see gradual rate increases ahead. Commodities: Gold: Demand for gold, a traditional safe haven, has increased, buoyed by both its safe-haven appeal and an anticipated easing in U.S. rates. The commodity’s upward trend is expected to continue, especially if risk aversion remains high. Crude Oil and Natural Gas : Crude oil prices have been volatile but are somewhat supported by constrained OPEC+ production. However, natural gas prices face downward pressure from a supply overhang in the U.S. and subdued global demand. Stock Indices: Global stock indices, including those in the U.S. (S&P 500), Europe (DAX), and Japan (Nikkei), are under pressure. The U.S. indices, in particular, are vulnerable to declining earnings outlooks and inflation concerns, making them less attractive amidst risk-off sentiment. Japanese markets reflect a similar pattern, affected by both local and global risk factors. Crypto Market: The total crypto market cap is facing headwinds, with limited upward momentum in Bitcoin and other leading cryptos, as investors remain cautious about volatile assets during risk-off periods. Meme coins, known for their speculative nature, have seen reduced interest. Influential News and Events: The Forex Factory economic calendar lists significant upcoming central bank announcements and economic data releases, with the Federal Reserve's stance on rate cuts closely watched. Bank of Japan board members have also hinted at a gradual approach to rate normalization, reflecting heightened caution in economic adjustments. In addition, global geopolitical issues, especially in the Middle East, are adding uncertainty, bolstering demand for safe-haven assets like USD, CHF, and JPY. Disclaimer: This is not financial advice. The information provided is for general informational purposes only and should not be interpreted as financial or investment advice. Always consult with a professional financial advisor before making any investment decisions.by AfreeBit1
BUY OILCrude oil is giving us a buying opportunity. Targets 70.000 stops 67.284 use proper risk management.Longby GeminiWealthGroupUpdated 6
BUY CL / USOILBeen a while since I last posted a trade, today I'm sharing with you this trade on CL / USOIL, you can but at the level showing on the chart, SL and TP take the same ones as mine. Follow for more!Longby YassineAnalysis5
USOILUSOIL seems like it might complete this bearish wave and start going long. Look out for a bounce around these support areas. WAIT for price to respect and give breakout. It's a big move no need to catch the reversal. Overall we are in a complex correction. For now we are completing a linking structure normally it will retrace the previous move by 1.2 - 1.618Longby Tradingdeck2
USOIL BULLS ARE STRONG HERE|LONG Hello, Friends! It makes sense for us to go long on USOIL right now from the support line below with the target of 71.76 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignals1112
USOIL BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! We are now examining the USOIL pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 68.29 level. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 1116