CRUDE OIL RESISTANCE AHEAD|SHORT| ✅CRUDE OIL will soon retest a key resistance level of 72.50$ So I think that the price will make a pullback And go down to retest the demand level below at 71.35$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx224
WTI CRUDE OIL Every pull back inside this Channel Up is a buy.WTI Crude Oil / USOIL is trading inside a 1hour Channel Up. Having crossed above the 1hour MA50, it is now expected to support this new bullish wave. The 1hour MACD is already on a Bullish Cross, confirming the bullish wave. Buy and target 73.50 (+5.73% rise). Previous chart: Follow us, like the idea and leave a comment below!!Longby TheCryptagon5
Long term outlook on WTIIndicated support and possible reversals. Thank you for tuning inby Nhest-TradingUpdated 5
WTI Oil H4 | Potential bullish bounceWTI oil (USOIL) ) is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 69.33 which is a swing-low support. Stop loss is at 68.46 which is a level that aligns under a pullback support and the 78.6% Fibonacci retracement level. Take profit is at 71.93 which is a swing-high resistance. 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.Longby FXCM3
CRUDE OIL (WTI): Bearish Trend Continues WTI Crude Oil may continue falling after a test of a key daily resistance. A breakout of a support line of a bearish flag gives us a strong bearish confirmation. With a high probability, the price will drop to 68.9 level. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader7717
Bearish drop?WTI oil (XTI/USD) is reacting off the pivot which has been identified as an overlap resistance and could drop to the 1st support level which acts as a pullback support. Pivot: 71.23 1st Support: 70.03 1st Resistance: 72 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 ICmarkets5
US CRUDE OIL (WTI): Time to SellI spotted a potential short trading opportunity on 📉USOIL. The price has formed a double top pattern after reaching a significant daily/intraday resistance level. Currently, there is a breakout of the neckline of this pattern. It is likely that the price will decrease to the 68.98 level.Shortby linofx1223
Long term Idea for crude oilIf crude oil breaks above point B ($130) in the AB=CD pattern, it can potentially rise all the way to $200. While this might seem unrealistic at the moment, those who understand the market know that it’s bound to happen sooner or later. Longby Unknown_Trader0075
USOIL LongThe first higher high after a downtrend indicates a potential trend reversal to the upside. It shows that buyers are starting to regain control, signaling the possibility of a new bullish trend. Trendline Break: A break above a significant trendline further confirms the shift in sentiment from bearish to bullish. The trendline break signifies that selling pressure has weakened, and the market is poised for further upward movement. Retest of Trendline: After breaking the trendline, the price often retests the broken trendline, which now acts as support. This retest offers a low-risk buying opportunity as it confirms the strength of the new uptrend.Longby SohailChaudhary9
WTI update expecting more bearish move before a reversal takes place to the upside hope it hits the support of the channelLongby D_Virtual1
CRUDE OIL Bearish Breakout! Sell! Hello,Traders! CRUDE OIL is going down And the price broke the Key horizontal level Of 70.40$ so we are Bearish biased and We will be expecting a Further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals334
WTI turns sharply lowerCrude oil prices were over 3% higher this week, but as i mentioned in my previous post, the risks remained tilted towards the downside following a 9% drop the previous week. Lo and behold, WTI has now turned sharply lower after testing broken support between $71.50 to $72.50 area in the last couple of days. At the time of writing, it was back to the $70.00 level, which, if breached decisively, could pave the way for more losses in the days ahead. Middle East tensions have slightly stabilized as Israel has so far refrained from attacking Iran and has said it will not target its nuclear facilities. However, the situation remains volatile due to Israel’s ongoing operations in Lebanon, which has reignited concerns about disrupted oil supply. Meanwhile, the oil market is also cautious about a possible Trump victory in the US election, as his policy of boosting oil production could lead to oversupply and further price declines. by Fawad Razaqzada, market analyst with FOREX.com Shortby FOREXcom3
Sorting the CrudeBat Harmonic Pattern Sell the crude on rise for the target of 68.50.Shortby ShoMaan3
USOilThis was taken as a reduced risk entry on the 15m timeframe in which I will be managing to the low.Shortby peacetyren0
USOIL Bullish 4h Divergence 1. Market Analysis: Asset: USOIL (WTI Crude Oil) Timeframe: 4-hour Pattern: Bullish divergence 2. Divergence Details: Bullish Divergence: A bullish divergence occurs when the price forms lower lows, but an oscillator like RSI or MACD forms higher lows, indicating a potential reversal to the upside. This signals that bearish momentum is weakening and a bullish reversal may be imminent. 3. Trade Setup: Entry Point: Enter a long position once a bullish candlestick closes and confirms the divergence on the 4-hour chart. Look for a strong confirmation candle, such as a bullish engulfing or a close above a short-term resistance level. Stop-Loss: Place the stop-loss below the recent swing low to minimize risk in case the trade goes against you. This placement will account for market volatility and protect your capital. Take-Profit: Identify key resistance levels for take-profit. You can aim for a favorable risk-reward ratio of 1:2 or higher, or target the next significant resistance level for oil prices. 4. Risk Management: Position Size: Calculate your position size based on your risk tolerance and the distance between your entry and stop-loss. Only risk a small percentage of your trading capital per trade (1-2%). Risk-Reward Ratio: Aim for at least a 1:2 risk-reward ratio, meaning if you risk 50 points on your stop-loss, your take-profit should be at least 100 points away from your entry. 5. Additional Confirmation: Volume: Ensure volume increases as the price moves upward to confirm strong buying interest and support the bullish divergence. Support and Resistance Levels: Check that the entry aligns with strong support zones, and plan to exit around resistance levels that align with the broader market trend. 6. Trade Execution: Place Orders: Set your buy order, stop-loss, and take-profit levels according to the plan. Monitor the Trade: Manage the trade by adjusting your stop-loss to break even or trailing it as the price moves in your favor. 7. Review and Adjust: Post-Trade Analysis: After the trade closes, review its outcome to learn from it. Reflect on how well the setup played out and what could be improved in future trades.Longby MAAwan2
OIL PRICE RISEUSOIL should rise to the 73+ region, enabling a little surge according price actionsLongby EasyFlowwwwwww4
USOIl-Bias long Bullish indications: Major support since 2021 is respected and bouncing from it. In short time made a high Inverted head and shoulder pattern Moving average 20 respected. getting respected from the trend line support. Formation of inverted head and shoulder in 5 min chart from trend line support Bearish indications: Trend line resistance respected at 72.126 Trade plan bias long @ 71.29 SL:70.09 TP1:72.65 TP2:73.87 Longby gouthamkulal11
A turning point for crude?Yesterday saw a significant turnaround for crude prices. Having started Wednesday sharply lower, crude suddenly reversed. Front-month WTI had come close to breaking below $70 per barrel. But the turnaround saw it make back all its early losses and end the day creeping into positive territory. Prices have built on these gains this morning. Could this be an early sign that the bulls could take back control? If so, it’s certainly been a long time coming. But it will take a concerted and aggressive buying programme from current levels to drive out the shorts and take prices back above significant levels. Nevertheless, yesterday’s reversal may turn out to be the first step. As compelling as the ‘slowing demand growth’ argument has been in pushing oil lower, there comes a time when a story starts to lose its power. Could this be the case now, or are we witnessing a head-fake? It’s possible that the short-sellers are beginning to take a back seat now, particularly as traders continue to worry about the likely Israeli response to the Iranian missile attack earlier this month.by TradeNation2211
USOIL Will Go Up From Support! Long! Take a look at our analysis for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 71.32. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 75.37 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider114
USOIL SELLERS WILL DOMINATE THE MARKET|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 67.89 level. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals114
WTI giving the Green lights oil is doing something amazing looking forward for a bullish run and hope fundamentals play along too this weekLongby D_Virtual2
WTI crude oil trend is neutral, with more bearish conditionsTVC:USOIL continued to recover from a decrease of 1% in the previous trading day after the US announced that crude oil inventories increased much higher than expected. After falling back, it continued to rise as the US election approached causing commodities to revive inflation expectations and the possibility of a further recovery in oil prices. The U.S. Energy Information Administration (EIA) said on Wednesday that crude oil inventories rose sharply, rising 5.5 million barrels to 426 million barrels in the week ended October 18, compared with market expectations. market for an increase of 270,000 barrels. Current concerns about potential oil supply risks due to conflict in the Middle East have partly offset the impact on crude inventories. On the daily chart, TVC:USOIL Trading is currently quite slow with price activity mainly around the EMA21 level. Although WTI crude oil has recovered, the recovery is still temporarily limited by the resistance level of 72.39 USD and the 21-day moving average (EMA21). In case WTI crude oil price increases and breaks the level of 72.39 USD, it will tends to rise a little further to test the 0.382% Fibonacci retracement level. The current recovery level of WTI crude oil is still not enough to create a bullish cycle as the Relative Strength Index is also approaching point 50, a position considered to be under pressure in terms of momentum. Once WTI crude oil is sold below the 0.236% Fibonacci retracement level, the recovery cycle will end with the target level then around $68.19 in the short term, more so than $67.14. During the day, the technical outlook for WTI crude oil is currently neutral, with more bearish conditions and notable levels listed below. Support: 70.56 – 68.19USD Resistance: 72.39 – 73.80USDby Xayah_trading7
USOIL Potential UpsidesHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 70.80 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 70.80 support and resistance area. Trade safe, Joe.Longby JoeChampion116