USOIL BearishUSOIL has formed a bearish trend i.e. a series of lower highs and lower lows. There is no divergence indication yet therefore we can assume that trend will continue. A harmonics pattern AB=CD also signals towards further bearish trend.
XTIUSD trade ideas
Oil: Keep buying.
Wait until it reaches a high and then go short.
For a month, I used the correct trading signals as a reference. This is what everyone can see. There is no mistake in the operation.
I want to post my views here to save those who continue to lose money. Or those who don’t know how to trade or don’t make any profit. I just use my expertise.
If you keep losing money, leave me a message. Even if you are a novice. Follow me and you can see the changes in your balance in a very short time.
WTI Bullish Continuation Supported by Key LevelsHello Everyone,
WTI is taking off, and a very positive sign is that it has found support at the 1-year, 1-week, and 1-day pivot points (PP). Everything seems to be aligning for a bullish continuation!
TradeWithTheTrend3344
USOIL (WTIUSD) Today, 15-August-2024, NY SESSIONDisclaimer: I post for informational purpose only dear traders, please do your own research properly, markets are risky.
Pair: USOIL (XTI)
Setup: Short term (Higher timeframe = 1H)
Bias = Bullish
Session entered: NYsession
My Hypothesis:
- Economy: The employment data is strong & there is enough supply of oil reserves as from Crude oil data yesterday.
My Technical analysis
- Price broke previous days lows with decent order flow, and there was a divergence in number of orders in the DOM (Depth of Market) from yesterday, all these factors together made me conclude a sell.
I took an aggressive buy this morning during the NY session.
I am still observing it.
Thank you!
USoil: Oil prices will continue to rebound this week.Oil is about to form an oversold rebound situation, and the target this week is expected to be above 74. The current price is around 72.2. The USoil quote on tradingview is used as the basis.
Investors with large amounts of funds can buy in advance.
If your trading continues to lose money. Or the profit is not ideal. Remember to refer to my trading instructions or follow me. Prevent further losses. NYMEX:CL1! MCX:CRUDEOIL1! NYMEX:MCL1! MATBAROFEX:WTI1!
Crude oil faces uphill battleOil prices were firmer in early trade this morning. But these gains have done little to recoup losses from the pullback since Tuesday. Front-month WTI ran straight into a band of resistance between $78 and $80. Prices fell back sharply from here, although they look as if there’s some support around $76. But whether oil has found a solid base from which it can have another attempt at breaking above resistance remains to be seen. A look at the daily chart suggests that pressure remains to the downside, even as the MACD indicates an uptick in momentum from oversold levels. Could this be powerful enough to drive prices back to December lows around $68? It’s possible. Otherwise, there’s little change from yesterday. Fundamentally, it’s the outlook for future demand growth which is key. Earlier this week, the International Energy Agency (IEA), downgraded its 2025 forecast for global oil demand growth, blaming the economic slowdown in China for falling consumption. Its forecast for this year was unchanged. And while markets look forward with increasing confidence to Fed rate cuts this year and the economic boost those should provide, slowing demand from China is a worry that won’t go away.
Crude Oil: Bullish Counter-trend with Inverse H&SWeekly Chart: Last week, ICMARKETS:XTIUSD rebounded off a soft weekly support around $72.00, suggesting a potential reversal. My bias on the weekly chart is bullish, as buyers seem to be stepping in at this level.
Daily Chart: While the daily chart is in a downtrend, marked by lower lows (LLs) and lower highs (LHs), it is currently in Phase 2 (an upward move). Given the weekly chart's bullish sentiment, I am comfortable taking long positions on lower time frames, though I will manage trades conservatively since we’re countering the daily trend.
4-Hourly Chart: The 4-hourly chart reinforces our bullish outlook with a confirmed inverse head and shoulders pattern and key support levels. This pattern provides additional confidence in the potential for upward movement.
Trade Plans:
Look for a pullback to the $76.47/36 zone for a potential buy entry. The target should be around $78.00. However, be cautious and manage trades conservatively, as the 78% Fib level is also at $78.00 on the daily chart, which might act as resistance.
If there is a break and close above $78.00 on the 4-hourly chart, it would confirm further bullish momentum, potentially targeting the next horizontal level around $80.00.
For further details on the fundamental analysis of ICMARKETS:XTIUSD , check out my in-depth fundamental analysis:
Note: Keep a close eye on price action at these levels and adjust your strategy accordingly.
Happy trading!
USOIL Will Go Down! Short!
Please, check our technical outlook for USOIL.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 77.44.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 75.87 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Possible oil price surge to 83$ (Bullish)Price on a bullish trend, CHOCH and BOS on the 4hr confirming a change in direction to the upside. price on a support to continue the upard movement, hopefully.
Remember: Risk Management Very Important.
US oil looks northCrude oil might rebound after yesterday's weak CPI print.
What happened?
The growth of the US inflation was weaker than before, that's why Gold, Crude oil and Bitcoin were pushed down yesterday.
Prices for energy commodities inside of the CPI index had stopped falling, and the overall CPI was not negative.
So, it's possible to see the recovery for energy assets in the near future.
USOIL (Crude oil) is positioning close to the support area of 20-day moving average and may rebound back to $80 as shown at the chart.
Crude oil can reach 80📈 Crude Oil Alert! 📈
Hey traders!
Crude oil is showing potential for more upside momentum. Here's why I'm bullish:
20-day MA Support: The recent pullback found solid support at the 20-day moving average on the daily chart—a key level to watch.
Seasonal Strength: We're in a strong seasonal window for crude, historically a growth period.
Consensus Fair Value: Analysts peg the $80 zone as a fair price, adding to the bullish case.
Keep an eye on these levels—this could be a solid opportunity! Happy trading! 🚀
USOIL Uptrend Line Breakout At $77.05 15.08.2024Apply 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)
Disclaimer
WTI US OIL LONG $81.78Oil retraced to $77.50 support zone and is looking to go long to $81.78 as the first target.
Second target is ~$84.28
WTI OIL Short-term pullback possible but doesnt change the trendLast week (August 06, see chart below), we made a strong bullish case on WTI Crude Oil (USOIL) and why on the 1M time-frame, the long-term target is $110.00, a symmetric approach on the 10-year Super Cycles:
Today we shift back to the shorter term 1D time-frame, as the price went from $73.00 to $80.00 within a week, and we are looking for potential pull-backs. Short-term corrections on medium-term Channel Ups have been common in the past 1.5 year and are displayed by the red ellipse patterns.
Yesterday's rejection took place on the 1D MA100 (green trend-line), which is something that also took place on January 29 2024. Assuming that a new Channel Up will emerge, we expect it to reach at least the 1.5 Fibonacci extension at $91.50, similar to the April 05 2024 High.
There are numerous Resistance levels involved this time however, with the strongest being the Lower Highs trend-line that started after the September 28 2023 High. As a result caution is advised once the price approaches that level.
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OIL: inside day, first red day, 3 days pump and dumpHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day ✅
First Green Day
3 Days Long Breakout
3 Days Short Breakout
Inside Day ✅
3. WEEKLY TEMPLATE
Pump&Dump ✅
Dump&Pump
Frontside
Backside ✅
4. THESIS:
Long: secondary, the inside day can give either a reversal or trend continuation setup, depending on how it sets up. It's just broken out, eventually it will consolidate till 10:30am MRN, I would be willing to take a reversal LOD back to the HOD of the inside day.
Short: primary, potential weekly pump and dump, price currently on the backside move. Not really the 3 session setup I like to trade, but space enough to take a good RR short trade.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
US crude rally loses strength as demand concerns reappear The combination of improved risk appetite and growing geopolitical tensions has benefitted oil prices after their sustained pullback last week. US crude (WTI) managed to push above $80 per barrel on Monday for the first time in three weeks as buyers rushed to get in at more favourable levels after the price of a barrel dropped to $72 earlier last week.
But Tuesday’s trading saw some indecision creep into the bullish setup as slowing global demand overshadowed supply concerns after the International Energy Agency and OPEC flagged softening consumption in China this week. Meanwhile, the American Petroleum Institute (API) reported a drawdown in U.S. crude inventories of 5.2 million barrels, far more than the 2 million forecasted. Further inventories data will be released today, which alongside the US CPI data, could bring some volatility to oil markets.
For now, WTI seems a little lost for direction just below its key support/resistance range of 80.65 – 82.54. The RSI has started to lose strength in the rise above the 50 mark which suggests a possible lack of commitment for the rally to go further. $80.22 seems like the immediate resistance to break, whilst support could arise at the 200-day SMA at $77.89.
WTI Oil H4 | Bullish uptrend to resume?WTI oil (USOIL) has bounced off a pullback support and could potentially climb higher from here.
Buy entry is at 78.66 which is a pullback support.
Stop loss is at 77.90 which is a level that lies underneath a pullback support.
Take profit is at 82.01 which is a pullback resistance.
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usoilOil has been on a clear down trend just by the techncical analysis i am seeing on chart. What are you thought leav them on comment section
CRUDE OIL (WTI): Time For Pullback
WTI Oil may pull back from a recently broken
daily structure resistance that turned into a support now.
As a confirmation, I see a double bottom pattern on an hourly time frame.
I think that the price can bounce to 79.25 level.
❤️Please, support my work with like, thank you!❤️
USOIL Uptrend Line Rejection At $78.53 14.08.2024Apply 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)
Disclaimer
US CRUDE OIL (USOIL): Breakout & Bullish Continuation📈USOIL successfully broke a significant daily resistance level on Monday, closing with strong momentum.
The broken resistance was retested during the London session, leading to a bullish response and increasing the likelihood of further growth. The next targets are set at 79.91 and 80.85.
USOIL - Short from bearish order block !!Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. My point of interest is price to fulfill the imbalance higher and then to reject from bearish order block.
Like, comment and subscribe to be in touch with my content!
#USOILThe process of purchasing oil according to the analysis in the SMC School from the broken order block areas after signs of a change in the general trend in the weekly and 4-hour time zones.
