BUY INSTANTHere i can see a bullish trend of WTL so you can instant buy it as i mention in a chart Longby samiiqbal640510
Buy Setup Currently Trading at 72.80 , Go Long For The Target 84.79 I expect Crude Will Consolidate Around 72.80 And Than Start It Upward JourneyLongby FibooGannUpdated 228
WTI CrudePrice is consolidating in the range of 83.3 to 83.6 . Main trend is uptrend so far as price has given break out from the patterns cup and handle, channel in this trend. Buy above 83.7 with the stop loss of 83.4 for the targets 84, 84.5 and 84.9. Sell below 83.2 with the stop loss of 83.5 for the targets 82.9, 82.6, 82.2 and 81.8. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.by vanathiUpdated 9
WTI technical analysisBe prepared for the drop in oil prices.Due to the oil price reaching the ceiling of the descending triangle pattern. and reaching the resistance range of $84, I expect the price to drop first to the $80 range and then to the $77 range. be profitableShortby Amirmehdi9889134
WTI Crude Oil - 4H Still BullishWTI Crude Oil shows promising bullish momentum as it consolidates above a key static support zone, indicating potential for further gains. The price action demonstrates two major bullish legs, with the current position in the middle of the second major leg, suggesting continued upward movement. Additionally, the presence of a second minor leg forming suggests that the bullish momentum might lead to a breakout, propelling prices to higher targets. Traders should monitor the minor leg’s completion and potential further advances in the price of oil, taking advantage of the bullish trend.Longby Sober_TradingUpdated 13
US OILPair : Crude Oil Description : Fibonacci Level - 38.20% Resistance Level Break of Structure and Retracement RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frameby ForexDetective3
WTI OIL Testing 9-month Resistance.WTI Oil (USOIL) has so far ignored last week's 1D Death Cross formation and made a strong jump yesterday that isn't about to only test Resistance 1 (84.50, the April 26 High) but also the Lower Highs trend-line, a 9-month Resistance going back to September 28 2023. The 1D RSI approaching the 70.00 overbought level after a Double Bottom at 30.00, which is a pattern we last saw leading to the January 29 2024 High. That was also a Resistance test. As a result, it is now worth attempting a tight SL sell (using that level as stop) and Target 77.00, which is the 0.618 Fibonacci retracement level, being the target of the February 05 correction. That will also make a technical test of the 1W MA200 (red trend-line), which is again what happened on Feb 05. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot36
A long-term bull market is likelyGreetings, Dear friends, I hope you are well and have had a week filled with successful and profitable transactions. Regarding the oil market, I believe that it has the same behavior as the gasoline market. Anyway, gasoline is one of the derivatives of oil. Now we need to examine patterns 1.2 and 1.2. We had an impulse pattern for the first wave in the larger degree and then again in the smaller degree, which did not look regular. With this assumption, I have considered a shock pattern and the second wave is a zigzag, whose price has crossed the B wave and is expanding. The price action of the impulse pattern extended by a shallow correction completes the third wave of the same level. After the completion of five waves, it is expected to wait for a corrective pattern following growth and correction. It is possible that it can be a superficial correction and the continuation of the trend will happen quickly. Note: I am a new analyst in the world of wave principles with three years of experience, and I am developing an analytical idea. There is no 100% certainty in financial markets due to the complexity of various patterns that can change. However, I do my best to back up any analysis I share with you guys with everything I've learned so far. A brief explanation of the three fundamental laws of the wave principle: 1. The second wave should never go beyond the beginning of the first wave. 2. The third wave should never be the shortest wave between waves 1, 3, and 5. 3. The fourth wave must never enter the territory of the first wave. Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future. It's as simple as that. May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world. I am attaching the analysis of this market that I shared with you earlier to this current analysis. The last word of my analysis text is repetitive, except for the explanation of the current analysis, because I also trade in the financial markets and am active in my social networks, working hard to improve my skills in analysis and trading to reach my goal. I apologize for repeating the text. I welcome suggestions and criticisms, and I will certainly respond, but a logical reason is important to me. Thank you for taking the time to review my analysis, and thank you all. To all my dear friends and colleagues, first of all, I wish you health and success in your goals. Mehdi Abbasi with the nickname (Mr. Nobody) Longby mehdi47abbasi798
WTIA triangle is in its final stage. Although, I like triangles - as they narrow down potential options, being the pattern, that preceeds the last wave in a structure, they are very tricky for traders. As always, you have 3 options: up, down or further sideways :) Trade safeby Alpha_Mind1
Usoil Target Achieved ! In my previous analysis on usoil i told that usoil is bullish and it can touch 83.38 now current price of usoil is 84.00 above by VikingFx010
USOIL, dailyOil prices rose as traders monitored China's economic data and geopolitical tensions in Europe and the Middle East. Prices are also being supported by forecasts of a supply deficit due to peak summer fuel consumption and OPEC+ cuts in the third quarter. Private data showed an expansion in China's manufacturing activity in June, conflicting with official data indicating a contraction and creating uncertainty about the economic outlook. In addition on Friday, the Energy Information Administration (EIA) announced that oil production and demand for major products reached a four-month high in April, providing support for prices. Recently, the price of crude oil has been trading in a sideway movement between $80 and $82 price area. Currently, the price is testing the upper boundary of this channel formation near the $82 level which is also an area of price reaction since mid-April. The Stochastic oscillator is in the extreme overbought levels which might indicate that a correction to the downside might happen in the upcoming sessions while the moving averages (green and white lines) are validating the overall bearish trend which is still in effect. Overall the technical point of view is hinting a rather bearish sentiment for the short-term outlook unless any major catalyst shows up in the market which might dictate otherwise. by Exness_Official0
USOIL BUY 81.70On the daily chart, USOIL stabilized and moved upward after a wave of consolidation, and the short-term bullish trend is dominant. Currently, attention can be paid to the support near 81.7. If it falls back to this position, you can consider buying. The upper resistance is around 85.5. After breaking through, the upper resistance is around 87.1. If the price falls below the support of 80.0, it will start to fall.Longby XTrendSpeed2
USOIL poised for further gainsFundamental Perspective: USOIL continues its rally driven by escalating geopolitical tensions and concerns about potential disruptions in US supplies during the intensifying hurricane season. Optimism surrounding the summer driving season is expected to increase demand and underpin further price gains. Despite uncertainties about softer demand from China, one of the world's largest oil importers grappling with a property crisis, fears of a broader regional conflict in the Middle East persist, further bolstering oil prices. Technical Perspective: Technically, USOIL maintains strong bullish momentum after rebounding above its daily ascending trend line and breaking a significant structure with a close above the latest swing high (BOS). Currently, the price is approaching resistance at 84.00, where a breakout above this level could prompt a further rally towards the 86.00 resistance. While USOIL remains in a bullish market structure, a throwback might occur, with a potential retracement towards the 78.00 support zone.Longby lixing_gan1
USOIL Potential Downtrend Line Breakout At $84.00 02.07.2024- Potential downtrend line breakout at $84.00 in the 4-hour USOIL chart. - If breakout confirms, target $86.49; further rise to $88.38 if broken. - If breakout fails, expect a drop to $81.02; further support at $77.14. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerLongby Stuart_Cowell1
US oil update Oil is rising very well,I hope you took advantage of it n making some bags,I believe for a trader whose been in the game for a while don't need much explanations, but more moves.Longby mulaudzimpho1
Natural Gas Bleeding LowerNatural gas has seen negative price action since we got the golden cross. The 50 & 200 moving average is touted as a bullish signal but often sold into in the near term. This sell off in Nat gas is going quick and deep. The problem with that is the sector is leveraged with triples & doubles. If we complete the measured move down, we should see a bit lower price. Intra day I would not be surprised for a sharp dead cat bounce. 03:22by Trading-Capital4
CRUDE OIL Short From Resistance! Sell! Hello,Traders! CRUDE OIL shot up and Will soon hit a horizontal Resistance level of 84.50$ From where we will be Expecting a bearish reaction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too! Shortby TopTradingSignals117
Breakout to 86 from 3rd waveOil retesting b leg of the bearish cypher and held. Good volume lifted oil prices above 1.682 fib level, and moved through the .382 fib level, showing no sellers below crucial support zone on oil. Price action now look to retest 84, and close above 82.32 the 1.682 fib level and also look to get back to 86. I'm buying on dipsLongby moneyflow_trader223
Oil looks 84 per ounce Hey there on 4hTF the USOIL has looks further drop 84 per ounce Can be possible comes back to along with target there 78 per ounce So we can see firstly touch Upside there 84 and can continue Drop From there next support 78Shortby DvsTraderfirm7
XTIUSD OIL POTENTIAL SHORT OPPORTUNITYHello Everyone! How are you all? XtiUsd Oil is an instrument to watch this week, because it is shaping up very nicely for a bearish trend reversal that we can capitalize on. So, I will be looking for a bearish reversal because of the following reasons: 1. The trend is bearish. 2. The price has approached the value area. 3. The price is showing signs of bearish reversal Game Plan: If the price makes a bearish impulse followed by a 15mins flag with two highs and lows. Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag. Shortby DTreasureMarketHubUpdated 5
USOIL - NEW BREAKOUT Hello Traders ! On the daily time frame, The USOIL broke the resistance level (80.58 - 79.51). The resistance line is also broken ! So, I expect a bullish move🚀 ____________ TARGET: 83.20🎯Longby Hsan_BenhmedUpdated 7719
USOIL - Back to $77A lot of whipsaw in this area, but overall this is a weak ascent. RSI rolling over. Sudden impulsive bearish engulf on the 4 hour chart with 3 hours to close. Should get back to $77. If it becomes impulsive I may hold longer. Not adviceShortby dRends35Updated 8
Would you long USOIL from here?It's interesting to see USOIL getting ready to run previous lower highs and higher high liquidity after accumulating off a strong level of re-accumulation. (In my opinion) The accumulation got validated when $84 level was invalidated on 10th Aug. 2023 and more confirmation when $94 was broken on 28th Sept. 2023. USOIL pulled back to $68 and as at the time of this idea, is currently at $81. In my opinion, $94 could be the next target and then $108. $130 is also very possible. Would you buy? Longby KinOnPips3