Get started
US WTI Crude (Spot) (XTIUSD)US WTI Crude (Spot) (XTIUSD)US WTI Crude (Spot) (XTIUSD)

US WTI Crude (Spot) (XTIUSD)

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

XTIUSD trade ideas

CRUDE OIL (WTI): Your Trading Plan For Today WTI Crude Oil is testing a significant falling trend line on a daily. To short that with a confirmation, pay attention to a descending triangle pattern on an hourly time frame. Your signal will be a breakout of its horizontal neckline - an hourly candle close below 73.46. Short the market aggressively or on a retest, then. Targets: 73.07 / 72.85 Alternatively, a bullish violation of a trend line will be a strong bullish signal. ❤️Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
1
WTI Oil H4 | Potential bearish reversalWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 74.07 which is an overlap resistance that aligns with the 127.2% Fibonacci extension level. Stop loss is at 77.10 which is a level that sits above the 161.8% Fibonacci extension level and a swing-high resistance. Take profit is at 70.06 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. 62% 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. 59% 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.
FX:USOILShort
by FXCM
2
Heading into 78.6% Fibonacci resistance?USO/USD is rising towards the resistance level that is an overlap resistance that aligns with the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 74.82 Why we like it: There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement. Stop loss: 77.44 Why we like it: There is a pullback resistance level. Take profit: 72.56 Why we like it: There is an overlap support level which lines up with the 23.6% Fibonacci retracement. 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.
VANTAGE:USOUSDShort
by VantageMarkets
Crude Oil - WTI Bearish Trade Ideaunexpected increase in inventories, coupled with concerns around weakening global demand and potential economic slowdowns, is likely to put downward pressure on oil prices. Technical indicators also suggest overextension, with WTI possibly pulling back from recent highs. I'm expecting a move lower as the market corrects and digests the supply surplus, targeting key support levels for potential price action. Keep an eye on upcoming data and geopolitical factors that may influence the outlook further.
BLACKBULL:WTIShort
by trader9224
WTI: Will Iran drag Saudi into conflict? Israeli officials are considering how to respond after an Iranian missile strike on Wednesday, which caused little damage, but definitely had the potential to do so. Their next steps could depend on the U.S. stance. President Joe Biden reaffirmed U.S. support for Israel but made it clear on Wednesday that he would not support Israeli strikes on Iran’s nuclear sites. Oil prices have already jumped 5% after Biden mentioned discussions about possible Israeli strikes on Iran’s oil industry. Iran, the world’s seventh-largest oil producer, exports about half of its oil, mainly to China. If tensions escalate into a broader conflict, Iran it is expected to draw Israel’s regional allies, including Saudi Arabia (an even larger oil producer than Iran) and Jordan, into the confrontation.
BLACKBULL:WTI
by BlackBull_Markets
USOIL Is Going Up! Buy! Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 72.003. The above observations make me that the market will inevitably achieve 77.673 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!
EASYMARKETS:OILUSDLong
by SignalProvider
1
NEW IDEA FOR WTIFrom a technical point of view, WTI crude oil has broken the resistance range of the ceiling of the descending channel to the top, and therefore, there is a possibility of further price increase. In general, this scenario is reinforced that WTI crude oil can reach the resistance of the previous ceiling in the range of 77.67 provided that no one-hour close candle time is recorded below the important support interval in the range of 70.00-68.71. The dollar will increase in price.
EASYMARKETS:OILUSDLong
by arongroups
Today's crude oil trading strategyCrude oil Today's ’U.S. EIA crude oil inventory for the week to September 27th' data is sharply bearish on crude oil! In addition, OPEC stated: the three countries have confirmed their compliance with the production reduction compensation plan, and the production reduction compensation is equivalent to a slow increase, so it is difficult for the added crude oil to rise! Therefore, crude oil is still mainly shorted! Today's crude oil trading strategy: short the market near 70.6, 71 increase the position operation
TVC:USOILShort
by Falcon-Training-Camp
Potential bullish bounce?WTI oil (XTI/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance level which acts as a pullback resistance. Pivot: 69.90 1st Support: 67.81 1st Resistance: 73.04 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.
ICMARKETS:XTIUSDLong
by ICmarkets
US Oil Update - Oct 02 2024Looking at US oil chart, it seems the chart is creating a bullish structure at the moment. Price is currently just below the 71.6 - 72.4 resistance zone. A daily close above the resistance will probably activate the higher targets of 76.0 and the 78.3. The apparent bullish behavior of the chart hints that the current geopolitical fights in the Middle-East will probably worsen and situation will get more intense! A strong push through the 78.3 level can potentially lead to the higher target of 82. #USOIL
TVC:USOIL
by AlgoBotTrading
Crude Oil Inventories - Market Upset!The latest U.S. Crude Oil Inventories came in at 3.889M, significantly higher than the forecasted -1.500M. This unexpected build suggests that there is currently a surplus of crude oil supply in the market, which could put downward pressure on oil prices. The higher inventory levels imply weaker demand or overproduction, both of which typically weigh on the market sentiment for crude. Traders will likely watch for further data or geopolitical developments that could impact the supply-demand balance and influence future price movements.
BLACKBULL:WTIShort
by trader9224
USOIL to $84 - Technical and Fundamental Analyst.Disclaimer: This is my personal idea and perspective on USOIL. I am not a financial advisor and hold no certifications in finance. This is purely my personal view. Technical Analysis: US Oil is currently in a bearish trend on the daily time frame. There have been two rejections at the daily support level, indicating potential for a reversal (buying pressure). From a technical standpoint, the market is forming a double bottom pattern, with the neckline at the $72 level. I expect the market to move upward, with the first target being the golden Fibonacci ratio at $77. The second target is $80. I anticipate a correction around this level. Besides being a psychological number, $80 also acts as a strong daily resistance. The third target is at $84. After the correction at $80, I foresee the market continuing its upward movement toward $84. This is the 2.618 Fibonacci ratio and a very strong resistance level. Can the price continue to rise after hitting $84? Yes, it can. However, my main focus is on the levels of $77, $80, and $84. Fundamental Analysis: Geopolitically, tensions in the Middle East are rising, and this will likely have a significant impact on USOIL. The Middle East is home to major oil producers, and key oil distribution routes also pass through the region. If these geopolitical tensions escalate, it will directly affect USOIL prices, according to the basic economic principle of supply and demand. Again, I am just a small trader sharing my analysis on USOIL. I have no vested interest in this; it’s purely an idea coming from my thoughts. The next question is, when will USOIL reach my targets? I predict it will happen within 90 days from now . God bless us. Thanks.
TVC:USOILLong
by calvinvlntt
2