Crude OilPair : Crude Oil - USOIL Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bearish Channel as an Corrective Pattern in Short Time Frame Support Levelby ForexDetective1
Sell OpportunityInstrument: USOIL Position: Sell Entry: 70.40 1st Target: 67.18 2nd Target: 65.23 Stop Loss: 72.10 Rationale: USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors.Shortby GODOCM0
Long trade Buyside trade Pair WTICOUSDT Tokyo to LND Session PM Mon 16th Sept 24 2.00 pm (NY time) Entry 70.289 Profit level 74.563 (6.08%) Stop level 67.951 (0.95%) RR 6.43Longby davidjulien3690
Will the rising tension in the Middle East boost Oil prices?Macro theme: - WTI hovered around 72.50 dollars per barrel on Thu, attempting to recover from previous losses as markets considered potential supply risks due to rising tensions in the Middle East. - The Fed also implemented a larger-than-expected 0.5% cut, which could stimulate economic activity and boost oil demand. - However, worries over China’s slowing economy and an expected supply increase from OPEC+ continue to pressure prices in the medium term. Technical theme: - From the 4-hour chart, USOIL is recovering and trading within its ascending channel. The price was retraced to retest both EMAs and bounced up to close above the key resistance at around 70.20. - If the price can maintain above 70.20, it may continue to rise to 71.50. In the medium term, 73.00-73.80 is the potential area for USOIL to reach upon breaking 71.50, as it is the technical confluence area. - Meanwhile, the price may retest the broken level 70.20 before resuming its upward short-term movement. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness Longby DatTong2211
USOIL Is Going Down! Sell! Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 71.72. Considering the today's price action, probabilities will be high to see a movement to 68.16. 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. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider115
USOIL BEARS ARE GAINING STRENGTH|SHORT Hello, Friends! We are targeting the 65.61 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals115
USOIL may continue to riseOn the daily chart, USOIL stabilized and moved upward, and short-term bulls have the upper hand. At present, attention can be paid to the resistance near 70.6. If it breaks through, it will continue to move upward. The upper resistance is the previous supply area of 72.4-73.8. If the price falls below the support near 68.5, a downward trend will begin.Longby XTrendSpeed3
Bearish reversal?WTI oil (XTI/USD) is rising towards the pivot and could reverse to thee 61.8% Fibonacci support. Pivot: 72.56 1st Support: 68.16 1st Resistance: 75.18 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
Short set up to sell side liquidity near C legIt's been awhile since I charted and traded oil. I'm noticing a similar bullish set up that the 20yr treasury yield had. If my wave count is correct, oil is showing a bearish 5th wave down. There is a set up for a desc. Triangle pattern which has a stealth ABC wave pattern. I have C wave near the sell liquidity around the 1st of October. Short term I'm bearish on oil particularly the 1hr/2hr time frame.. oil can invalidate this set up, by closing above the .50 fib level.. Not trading or financial advise. No position currently... will update chart once a trade is active or closed.Shortby moneyflow_trader10103
WTI Crude Oil (4h) Technical AnalysisWTI Crude Oil continues to trade within a descending channel, reflecting a broader downtrend that has been in place since early August. The price is currently hovering around the $69.93 level, attempting to break through a significant resistance zone near $70.64. This resistance zone aligns with the upper boundary of the channel, adding further strength to the resistance. Key levels to watch include: Immediate resistance: $70.64 Support: $68.23, which has acted as a solid level over the past few sessions. If the price manages to break above $70.64 with sustained volume, it could indicate a potential trend reversal. However, failure to break this zone could result in a continuation of the downtrend, with the next key support levels at $68.23 and $65.01. The volume profile suggests strong resistance between the $69.50 and $72.00 range, with a notable drop-off below $68.50, indicating low demand in that region. A break below $68.23 could drive prices toward the lower boundary of the channel near $65.00. Outlook: Bearish within the descending channel unless a breakout above $70.64 occurs with strong momentum.by AngshumanSaikia1
USOIL LONG OPPORTUNITYUSOIL LONG OPPORTUNITY USOIL breakthrough upwards, and formed a demand zone at 4H chart Therefore, buy USOIL when the price pull back around 70.4 SL: Below 69.5 TP1: 73 TP2: 74.47Longby tntsunrise9
Market headlines for OilOil prices pared recent gains as US crude inventories unexpectedly increased by 1.96 million barrels, according to the API, contrary to forecasts of a decline. Investors are cautious ahead of the Fed's interest rate decision, with growing speculations of a 50 basis point cut that could boost economic activity and oil demand. Rising tensions in the Middle East are raising concerns over potential supply disruptions that could support oil prices in the near term. However, the gains could be limited as weakness persists in China, one of the world's largest oil importers. by Exness_Official0
WTI Crude Oil | Catch The Long DipsTrading Dips when you have various resistance levels blocking your overall target is vital. Don't hold for swings only, as you may get whacked lower.08:08by WillSebastian2210
WTI Oil H4 | Pullback support at 50% Fibonacci retracementWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 68.63 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 65.05 which is a level that lies underneath a swing-low support. Take profit is at 73.00 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. 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.Long03:03by FXCM227
USOIL Analysis - BearishPair Name = USOIL Timeframe =W1 Analysis = technical + fundamentals Trend = Bearish Pattern = Symmetrical Triangle Details :- USOIL is still following bearish trend. Currently Price range between 65 to 70. it will stay here for few more days. After that it will Again Follow the bearish trend. Target Price is 55 to 57. Shortby Alpha-GoldFX2
USOIL / UNDER BULLISH PRESSURE - 4HUSOIL / 4H TIME FRAME overall trading above 67.59 , expected under upward pressure . Currently, prices are holding above the crucial support level of 67.59. As long as they maintain this position, an upward move towards the next resistance levels of 69.98 and 71.59 is likely. The 71.59 level is particularly important, as breaking through it would serve as confirmation of a sustained uptrend, potentially driving prices higher to test the 74.24 resistance zone. However, if prices fail to hold above the 67.59 support level, it would indicate a shift in momentum, initiating a bearish phase. In such a case, the first target on the downside would be 65.35, with further declines possibly extending to the 63.67 region. This level would serve as a critical area for buyers to step in, and if breached, could signal a deeper correction. UPWARD TARGET : 69.98 , 71.59 , 74.24. DOWNWARD TARGET : 65.35 , 63.67. Longby ArinaKarayiUpdated 7
my analysis on 17-09-24i would short crude between 73.50-75. target should be 68. stoploss : 76.Shortby ProfessionalTrader25221
CRUDE OIL (WTI): Detailed Support and Resistance Analysis Here is my latest structure analysis and important key levels to pay close attention to on WTI Crude Oil. Vertical Structures Vertical Resistance 1: Falling Trend Line Horizontal Structures Resistance 1: 71.46 - 71.90 area Resistance 2: 73.80 - 74.30 area Resistance 3: 76.00 - 77.60 area Resistance 4: 79.60 - 80.16 area Support 1: 63.80 - 65.70 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader119
Crude's messageCrude oil was weaker in early trade this morning, giving back a proportion of yesterday’s gains. Oil prices have recovered somewhat over the past week. Last Tuesday front-month WTI fell below $65 to hit its lowest level since May 2023. Since then prices have bounced, with WTI adding around 7.5% from last week’s low to yesterday’s high. But this must be put into perspective as crude lost 23% between early July and last week’s low. Crude was exceptionally oversold ahead of this rally, and even with the latest pick-up, it remains oversold. But even with the bullish trigger of supply disruptions due to Hurricane Francine, and the prospect of lower interest rates from the US Federal Reserve, crude hasn’t bounced sharply enough to set off a serious bout of short-covering which should have driven prices much higher. Instead, gains have been relatively slow and measured, which could suggest that this is simply a run-of-the-mill correction ahead of another lurch lower. If so, then oil is sending the wider market an important message: it’s saying that we should expect a global economic slowdown. If that’s the case, then it would be a strong argument in favour of a 50 basis point cut after tomorrow’s FOMC meeting.by TradeNation6
Oil prices rose slightly on Monday Oil prices rose slightly on Monday, with U.S. crude oil prices trading around the $68 price area. Gains were limited by weak Chinese economic data and ongoing demand concerns. Despite easing supply disruptions as Gulf of Mexico oil production resumed after Hurricane Francine, about 20% of oil and 28% of natural gas production remain offline. The market is focused on the U.S. Federal Reserve's interest rate decision, with traders expecting a rate cut, possibly 50 basis points, which could affect oil demand. Chinese industrial output and fuel demand have slowed, increasing bearish sentiment in the oil market. Speculators are also taking short positions in Brent crude as demand fears grow. On the technical side, the price is testing the support of the 161.8% of the daily Fibonacci retracement level after finding sufficient support on the lower band of the Bollinger bands. The faster moving average (50-days) is trading below the slower (100-days) moving average validating the overall bearish trend in the market while the Stochastic is near the extremely oversold level hinting that there might be a bullish correction in the coming sessions. If this becomes reality then the first area of possible resistance might be seen around the $72 price area which consists of the area just below the 78.6% of the daily Fibonacci retracement as well as the area of price reaction in early and late August. by Exness_Official0
Oil Moving as anticipated from post of Jan 2023 long term visionNot financial advice. I posted a chart I will attach here where I said we was doing an ABC correction on the monthly where A was 69 B would be 90-94 And C could be in low 50's and even under 50 as low as 34.00 Applying the 45° angle we see it intercedes at the 54.00 level... Of note: Can clearly see we are trending bearish on Stoch RSI as it keeps reading lower and lower. Again this was a vision I saw way back in Jan 1st so please press play on the previous chart to see how it's played out Patience is always key #PIK TLAW #Think Like A Whale Shortby ThinkLikeaWhaleTLAW0