Crude oil bullish Hello beautiful traders, here is my complete technical analysis on crude oil 🛢. The completion of M parten on a daily time frame. Buy on the retest of the red line after a 4hr candle.
WTICOUSD trade ideas
USOIL Is Going Up! Buy!
Here is our detailed technical review for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 73.74.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 79.53 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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pump trend line so strong with my opinion
we can see touching this level
i think bullish
geopolitical and technical i do it
WTI Oil H1 | Rising into pullback resistanceWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 73.66 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 74.55 which is a level that sits above an overlap resistance.
Take profit is at 71.52 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.
USOIL Potential Downtrend Line Breakout At $73.07 23.08.2024Apply 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)
Disclaimer
Bearish reversal?USO/USD is rising towards the resistance level which is slightly above the 23.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 74.78
Why we like it:
There is a an overlap resistance level which is slightly above the 23.6% Fibonacci retracement.
Stop loss: 76.18
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 72.36
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.
USOIL Bullish Reversal OpportunityCrude oil prices seem to be facing a strong resistance zone. A potential Bullish reversal may occur if the price breaks the previous Lower High.
Bulls may eventually face a strong resistance zone around 78 till 81. If this zone breaks, the likelihood of TP2 will increase.
Trade Plan
Entry @ 75.6
Stop Loss @ 72.15
TP1 @ 79.05
TP2 @ 82.5
No. of Trades: 2
Move SL to Break Even if TP1 hits.
US OIL Rebounds Off Lower Range TLThe drift towards key price action areas is giving way to a clear rebound and long side momentum.
Looking for moves back towards local range TL.
OIL In a clear 4 hour downtrend - Very RiskyOIL In a clear 4 hour downtrend - Very Risky
Oil is moving down in a clear 4-hour downtrend.
I said it's risky given the current geopolitical moment and also the speculation that
the market is doing about the war developments in the Middle East.
On the other hand, OIL is only going down clearly.
After each corrective pattern, the price made a new low.
If OIL manages to develop back into the current corrective pattern and below the bearish trend, chances are it could move back down as shown on the chart.
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❤️
USOILUSOIL is accumulating now.
Bullish divergence also form in RSi.
We wait for upward breakout.
If it will break on upside then it will be reversal of trend from here.
Oil : To start the week - I hope you all have a great weekTrading Setup:
A Trading Signal is seen in the WTICrude Oil
Traders can open their Sell Trades NOW
⬇️Sell Now or Sell on 77.58
⭕️SL@ 77.58
🔵TP1@ 74.27
🔵TP2@ 72.16
🔵TP3@ 69.01
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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USOIL 6H / Permian Production to Drive Increase in U.S. OilThe U.S. Energy Information Administration (EIA) forecasts that most of the projected increase in U.S. oil and natural gas production in 2025 will be driven by the Permian Basin.
This growth is attributed to several factors, including enhanced productivity, the development of new and expanded infrastructure, and sustained high crude oil prices. The Permian region, which spans parts of Texas and New Mexico, is already the most prolific oil-producing area in the United States, and it will continue to be the primary contributor to national output increases in the near future. This rise in production is expected to play a significant role in meeting both domestic and international energy demands.
Technically:
The price already stabilized at the bearish trend to get 69.78 which is a strong support line
Bullish Scenario:
The bullish trend should break 72.72 to get 73.90 and 75.35
Bearish Scenario:
as long as the price trades under 72.72, it will support falling to 69.78 as a first bearish station
Key Levels:
- Pivot Line: 72.72
- Support Levels: 69.78, 67.00, 65.85
- Resistance Levels: 73.93, 75.35, 76.55
Today's Expected Range:
The price is anticipated to move between the support at 69.78 and the resistance at 72.72.
USOIL BEST PLACE TO BUY FROM|LONG
Hello, Friends!
It makes sense for us to go long on USOIL right now from the support line below with the target of 79.20 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✅
oil breaking lower line of triangle after long sideway correction before us election
price breaking lower yellow line on recession fear
after breakout 65 will be first big support level
USOIL Potential Support Resistance At $71.60 21.08.2024Apply 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)
Disclaimer
crude oilweekly chart shows us the perfect long
that one single candle of last month help you to decide to take a long
WTI│ CRUDE OIL │ 20 August 2024
- Daily timeframe
Price broke bullish structure and retraced into the demand that caused the bos.
• Bullish bias
- Four-hour timeframe
We had a bullish i-bos as price bounced of the daily
• Bearish bias
- 15-minute timeframe
15-minute swing structure shifted bullish which is in line with the daily timeframe swing structure
• Bullish bias
How do I come to a bias conclusion?
I look at the swing structure; if it is bearish, I conclude a bearish bias
©Austin Palmer for FONOS Fx, 2024.
USOIL LONG IDEACanada's proposed emissions cap could limit oil production and increase costs for Canadian producers.
This could significantly impact U.S. refineries, many of which are specifically equipped to process heavy Canadian crude.
A reduction in Canadian heavy crude supply could lead to higher prices, operational challenges, and potential fuel shortages in the U.S.
Entry price 72.50
SL : 70.50
TP : 78.50
WTI Oil H1 | Rising into overlap resistanceWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 74.24 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 75.00 which is a level that sits above a pullback resistance.
Take profit is at 72.18 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.
Buy OpportunityInstrument: USOIL
Position: Buy
Entry: 73.00
1st Target: 76.10
2nd Target: 78.55
Stop Loss: 71.61
Rationale:
USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 76.10, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at78.55, indicating further potential Upside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 71.61, just below the anticipated Support level. This ensures a controlled exit in case of unexpected market movements.
USOIL Potential Support Breakout At $72.53 21.08.2024Apply 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)
Disclaimer
US OILPair : Crude Oil - WTI
Description :
Break of Structure
RSI - Divergence
Fibonacci Level - 78.60%
Bearish Channel as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
