Towards The Target UsoilIn my last idea about usoil i said usoil could fall from the resistance area as we saw its going to the target , when usoil broke the trendline and usoil was moving around the resistance and treanline it gave us a break out below the line and now towards the target Shortby VikingFx011
Assessing Oil's Technicals: Is Bullish Momentum on the Wane?📊 Introduction: Oil prices have been on a volatile journey, especially after a significant 5-wave decline. As markets react to geopolitical and economic factors, technical analysis can provide a clearer picture of potential price movements. This analysis focuses on the recent price action and key levels in the daily and 4-hour timeframes to anticipate future trends. 📅 Daily Timeframe: After a 5-wave decline, the price started a strong upward trend from $72.6. Over time, the strength and momentum of this wave decreased, as confirmed by the smaller green candles along the way and increased rest periods before each downward move. The $84 supply zone is the main resistance for oil in 2024. Yesterday's candle was a rejection candle from this area, engulfing the two previous green candles. ⏰ 4-Hour Timeframe: The upward curving line has been broken, and if a candle closes below $82.5, the price could potentially correct down to $80.45. The RSI has lost the important support level of 50, indicating the end of upward momentum and the entry of sellers into the market. Additionally, the double top candlestick pattern is clearly visible, targeting around $80. If the price manages to close a 4-hour candle above $84.14, this would indicate the continuation of the upward trend, and buying positions can be considered. 🔍 Key Levels to Watch: • Daily Resistance: $84 • Potential Correction Target: $80.45 • Bullish Continuation Level: $84.14 📉 Indicators: • RSI: Lost support at 50 • Candlestick Patterns: Double top 💹 Market Sentiment: • A close below $82.5 on the 4-hour timeframe suggests bearish momentum. • A close above $84.14 on the 4-hour timeframe suggests bullish continuation. 📝 Conclusion: Oil prices are at a critical juncture. The rejection from the $84 resistance and the loss of momentum signal a potential bearish correction. However, a confirmed close above $84.14 on the 4-hour timeframe could reignite bullish momentum. Traders should watch these key levels closely to make informed decisions. ________________________________________ ⚠️ Disclaimer: This is not financial advice. Please do your own research before making any trading decisions. by pouoyannn3
WTI Oil H4 | Falling to pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 82.34 which is a pullback support. Stop loss is at 80.50 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level. Take profit is at 84.45 which is a multi-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. 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.Long02:56by FXCM2
USOIL SELLERS WILL DOMINATE THE MARKET|SHORT Hello,Friends! The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 79.68. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 114
US OIL 1D // 02 July 2024 AnalysisWe can see a beautiful downtrend for USOIL on the daily timeframe. The price is currently at our area of support/resistance which is marked around the 84.00 area. For possible sells would like to see a good rejection from the marked area. A good target would be the previous swing low around the 73.00 price area.Shortby thebrowntraderUpdated 4
USOIL: Trend Analysis and Trading StrategiesCrude oil technical analysis Daily resistance 83.4, support below 79 Four-hour resistance 81, support below 81.3-80 Crude oil operation suggestions: Last Friday, the overall oil price fell first and then rose, breaking through the 82.7 mark, and then fell back and bottomed out, breaking through the 81 mark and closing weakly. The overall price showed a fluctuating upward rhythm. Today, the lower support continues to focus on the low point of 81 last Friday, and the upper pressure focuses on the vicinity of 82.5-82.7. If the upper 83.4 is not broken, continue to see the oscillation operation first, and if 83.4 is broken, the bulls will start SELL:82.0near SL:82.40 SELL:83.4near SL:83.70 Technical analysis only provides trading direction! Shortby ActuaryJUpdated 9
USOIL Resistance Rejection At $84.42. 08.07.2024- USOIL 4HR chart shows resistance rejection at $84.42. - If $84.42 rejection holds, potential downside to $81.85, then $79.83. - If rejection fails, potential upside to $87.69, then $91.86. Apply 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) DisclaimerShortby Stuart_Cowell0
Good morning, with a beautiful oil trade !Oil hits on channel's borderline and bounces, easy trade with high win to loss rationLongby geokallides3
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)Longby ShahedZare1
USOIL Will Explode! BUY! My dear subscribers, USOIL looks like it will make a good move, and here are the details: The market is trading on 83.29 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 83.74 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK Longby AnabelSignals336
WTI Update Oil has been a tough one. No clear patterns makes me keep the idea that we are in wxy double zigzag formation. I think we need to retest this huge Order Block area indicated in green box. A possible way to label it is to expect that (x) will be an expanded ABC flat with A being a combination. Not my ideal choice but do not have a better count now. The red case is my nightmare as I am heavily short and need to exit positions. by Fomenka1113
WTI - 1H Bullish SignsBased on the previous 15-minute analysis and the current 1-hour chart, WTI Crude Oil is showing strong support around the $83.00 zone. This area has acted as a significant support level, and the price has bounced off it, indicating a potential buy opportunity. On the 15-minute chart, the price had a brief consolidation phase within the support zone before showing signs of upward momentum. This aligns with the 1-hour chart, where the price is currently attempting to rise from the same support area. The consistency in this support zone across different timeframes strengthens the bullish outlook. Currently, WTI Crude Oil is poised to continue its upward movement from the support level, targeting higher resistance levels. Traders should look for confirmation of this bullish trend with potential higher highs and higher lows forming on the 1-hour chart. If the price maintains its support above $83.00, it could provide a favorable risk-reward ratio for long positions, aiming for the next resistance levels around $84.00 and beyond. In summary, the support zone around $83.00 has held well, and the current bullish momentum suggests a buying opportunity in WTI Crude Oil, with an eye on higher resistance levels in the near term.Longby Sober_TradingUpdated 9
Oil is Now Ready to BuyOil is Now Ready to Buy due to a lot of Technical and Fundamental ReasonsLongby farhadrehman0940
CRUDE OIL Local Bearish Bias! Sell! Hello,Traders! CRUDE OIL is already making A local bearish pullback from The horizontal resistance Of 84.5$ so we are locally 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 TopTradingSignals115
Can Usoil Fall ?Last few week i was bullish on usoil now we are facing upper trendline resistance which is very strong trendline we have now and we also have selling area there what we can do is wait till monday and see what market will do if we see continous fall then we are seller on usoil and target will be around 81.50 and 78.50 and if we see break out above the resistance then we are bullish on usoil and target will be 92.00 to 95.00 .Longby VikingFx011
USOIL: Market of Buyers The analysis of the USOIL chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals114
USOIL Will Go Lower From Resistance! Sell! Please, check our technical outlook for USOIL. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 83.34. The above observations make me that the market will inevitably achieve 82.57 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!Shortby SignalProviderUpdated 2213
US Oil (WTI) Simple Trading PlansOil has rallied significantly as of late on the prospect of strong summer demand, amid some geopolitical issues. The demand that has fed in has upheld Oil strength. We can look to form a short case on these rises; 1) Key price action areas approaching (in trend). 2) Sentiment Bias does not suit, but will upon change. Value Trading is formed on this as entries are taken PRE news sentiment changes.by WillSebastianUpdated 9
CRUDE OIL SHORT FROM RESISTANCE| ✅CRUDE OIL has retested a key resistance level of 84.51$ And as the oil is already making a bearish pullback A move down to retest the demand level below is likely at 82.17$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx111
USOIL WTI: Bullish Momentum Ahead? - May 8, 2024Hey traders! 📈 Let's discuss the current outlook for USOIL WTI: 🔍 Technical Insight: We've observed a compelling development in the WTI market as it recently touched the lowest point within the current uptrend channel, dipping below the golden pocket levels. This move prompts a closer examination of the prevailing market dynamics. 📊 Daily Timeframe Perspective: Zooming out to the daily timeframe, the overarching trend remains bullish, reflecting the resilience of the oil market. However, it's crucial to note that a consolidation phase appears to be underway. Such periods of sideways movement often precede significant price actions. 🔄 Awaiting Breakout Momentum: One notable aspect in recent days is the absence of substantial price movements, typically characterized by WTI's propensity for $3 or greater swings. This prolonged consolidation phase suggests that a significant move may be expected in the upcoming days. 💡 Anticipated Market Activity: Given the historical tendencies of WTI, we anticipate a breakout from this consolidation phase in the near future. Such a move could potentially signal the resumption of bullish momentum or a reversal in the prevailing trend. 📈 Trading Strategy Consideration: For traders, exercising patience while monitoring price action for signs of breakout momentum is paramount. Deploying appropriate risk management strategies and remaining adaptable to evolving market conditions can help navigate uncertainty. 🔔 Key Takeaway: As we await clarity on WTI's next directional move, it's essential to stay vigilant and prepared to capitalize on emerging opportunities. Whether it's a continuation of the uptrend or a reversal, flexibility is key to navigating the dynamic oil market. 🛢️ Closing Thoughts: In conclusion, while the current consolidation phase may signal a temporary lull in market activity, the potential for a significant move looms on the horizon. Keep a watchful eye on price developments and be ready to adjust your trading strategy accordingly. Longby ExpateUpdated 2215
USOIL Will Go Up From Support! Long! Here is our detailed technical review for USOIL. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 83.25. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 84.34 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 SignalProviderUpdated 116
My Bullish Idea For USOIL Trade - Here is Why am Buying USOILFOREXCOM:USOIL Here is why am bullish on USOIL. 1. The daily time frame structure is extremely bullish. 2. The 4hour is also bullish. 3. The 1hour chart structure is extremely bullish such that there is no reason to go short. The orderflow on 1hour is very bullish, price is respecting bullish PD Arrays like Fair value Gaps (FVG), Bullish Orderblocks, bullish breaker etc. My entry, target and stop loss are all on the chart. I hope this inspires you. Drop your idea in the comment section.Longby Elijahenoch7Updated 5
USOIL BEARS ARE GAINING STRENGTH|SHORT Hello,Friends! Previous week’s green candle means that for us the USOIL pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 79.39. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 116