USOILRSI indicates Bearish Divergence. Which means that at any time the market trend can change to LL and LH. Shortby SohailChaudharyUpdated 4
USOIL Breaks Downtrend Line At $81.46. 28.06.2024USOIL breaks downtrend line at $81.46. Sustained breakout targets $82.80. Break above $82.80 targets $83.86. Failed breakout targets $79.75. Break below $79.75 targets $77.58. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerLongby Stuart_Cowell2
B wave triangle in a possible zig zag down to 45-47Election crude prices ,,, could we break down to 45-47 to a .618 w2?Shortby mrenigma4
CRUDE OIL BULLISH BIAS|LONG| ✅CRUDE OIL is trading in a Local uptrend and the price Is going up from the horizontal Support of 80.50$ so as we Are bullish biased we will be Expecting a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx112
USOIL - Accumulation phase !!Hello traders! ‼️ This is my perspective on USOIL. Technical analysis: Here we are in a range, so we have opportunity both for long and for short. We can consider that range as a bullish flag and open a long position above 82.00, or price could confirm regular divergence in waves and open a short position below 80.20. Like, comment and subscribe to be in touch with my content!by Snick3rSD10
WTI Crude Oil (USOIL) 1-hour chart - SELLThe market is currently in an uptrend with higher highs and higher lows. Recent price action suggests a potential reversal or pullback from the resistance zone. Resistance Zone: The shaded grey area around 82.127 - 82.220 is a significant resistance zone where the price has shown rejection. Support Levels: Immediate support is around 80.473 - 80.417, marked by the red lines. A stronger support level is at 77.000, a psychological round number that aligns with previous lows. Above the resistance zone at 82.220, there may be buy-side liquidity where buy stops from short positions could be placed. Below the support level at 80.417, there may be sell-side liquidity where sell stops from long positions could be resting. The overall analysis suggests a bearish bias for USOIL (WTI), expecting a potential reversal or pullback from the resistance zone around 82.127 - 82.220. Shortby TopGBanks5
Crude continues to consolidateCrude oil was down yesterday, but back up this morning. Prices continue to consolidate in a relatively narrow range. This follows the sharp rally which began in early June, just after the sell-off in the aftermath of the OPEC/OPEC+ meetings at the beginning of the month. Prices have gone sideways over the past ten days, holding roughly in a $2 trading range. As far as front-month WTI is concerned, prices appear to have found a floor around the 100-day Moving Average, just above $80. Normally, consolidation after a sharp rally is to be expected. Often it provides an opportunity for the market to gather strength and build momentum for a continuation of the upside move. But oil’s consolidation is looking a bit long in the tooth now, and its daily MACD is beginning to flatten out. That’s not to say crude won’t rally further from here, only that it could just as easily turn lower now. Yesterday, the US Energy Information Administration (EIA) reported a big jump in crude oil and gasoline stocks, compared with expectations of a significant drawdown in both. This indicated a drop in demand at the time of year when it is usually picking up due to the US summer driving season. Crude fell on the update, but now investors appear to have shrugged off any concerns. by TradeNation9
Oil Moves Higher as Geopolitical Tensions Trump Weak DemandI think there is upside potential. The price of Brent crude is expected to be $92 per barrel in the third quarter and perhaps challenge $108 again in the future.Longby Super_B_XinR2
WTI support continues to attract buyers.WTI - 24h expiry Bespoke support is located at 80.70. Offers ample risk/reward to buy at the market. Our short term bias remains positive. 50 4hour EMA is at 80.73. 80.59 has been pivotal. We look to Buy at 80.75 (stop at 79.95) Our profit targets will be 82.75 and 83.25 Resistance: 81.50 / 82.24 / 83.00 Support: 80.50 / 79.50 / 79.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA1
USOIL BULLISH PRESSURE ( 4H )USOIL HELLO TRADERS in the last chart at 10 JUN , as mentioned rising reach our target Tendency the price is a bullish pressure in 80.16 TURNING LEVEL : the price turning level at 80.16 , price stable below this level it becomes reach a support level , but if breaking this level active bullish area , to reach a resistance level RESISTANCE LEVEL: if the price trade above turning level at 80.16 , the price will rise to 82.85 then stable this level reach to 85.04 SUPPORT LEVEL : the price breaking turning level 80.16 , it will reach the support level of 78.18 and 75.63 CORRECTIVE LEVEL : price will 80.16 , correct itself before long ------------------------------ * Thank you , if you support this idea with your likes and comments , I hope you a profitable day🤍🤍🤍🤍🤍Longby ArinaKarayiUpdated 7
CRUDE OIL (WTI) : Your Trading Plan For This Week⚠️WTI CRUDE OIL broke a significant daily resistance level last week and closed above it. Following the breakout, the market retraced to test the broken level before entering a consolidation phase. I spotted a horizontal trading range on the 4-hour chart. To consider buying the market, I am waiting for a bullish breakout with a candle closing above the range's resistance, which would provide a strong intraday signal. If this occurs, I anticipate a bullish continuation towards the next resistance level.Longby linofx15527
#Oil Elliott wave pattern updatePrice seems like is forming a triangle pattern which could either be a wave b or wave 4. As a result in case of price breaish breakout of triangle we could assume we have a wave c in progress which we could take advantage of. And in terms of upside breakout then the fifth wave of higher degree is in progress. If you’ve found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.by mohemati1
Crude bullish consolidation Intraday Update: Crude continues to consolidate above the 80.00 level and stalling ahead of the 81.87 level, the 61.8% retracement. By definition, this is a bullish consolidation and could be ripe for a break higher above the resistance. Longby ForexAnalytixPipczar0
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 price is testing a key support 81.15. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 86.12 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 115
USOIL BEST PLACE TO SELL FROM|SHORT Hello,Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 77.14 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 225
USOIL SHORT FROM RESISTANCE Hello,Friends! USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 77.13 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 2210