SELL USOILBeen a while since I last posted a trade, I'm sharing with you this on CL1! / USOIL that you can take as seller with the same TP and SL on the chart.
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XTIUSD trade ideas
USOIL: Strong Bullish Bias! Buy!
Welcome to our daily USOL prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 70.221
Wish you good luck in trading to you all!
Oil ShortRound 2 for an oil short Looking to short once oil has closed the gap it made on Sunday.
For now oil is in a short term downtrend, if this gap is closed and broken past to the upside then we can expect a more bullish oil in the near future.
For now looking at a trendline bounce trade idea.
Entry- on the 61.8% Fibo at 70.4
Sl- 65 pips
TP- Targeting the 38% of the current fibo structure at 69.15.
Confluences:
Trendline 3rd touch
Key Level
61.8% fibo
H6 50EMA (Not strong confluence but its present)
Trade safe and catch you later traders ▲
Crude Oil (WTI) may rise to 69.90 - 70.65Pivot
67.85
Our preference
Long positions above 67.85 with targets at 69.90 & 70.65 in extension.
Alternative scenario
Below 67.85 look for further downside with 67.25 & 66.70 as targets.
Comment
The RSI is bullish and calls for further upside.
Supports and resistances
71.35
70.65
69.90
68.94 Last
67.85
67.25
66.70
Number of asterisks represents the strength of support and resistance levels.
WTI Bullish Momentum: Key Level to WatchHello,
The likelihood of a bullish continuation for BLACKBULL:WTI has increased following the recent test of support. Now, it just needs to cross and hold above the 1M pivot point to confirm an upside trend!
TradeWithTheTrend3344
OIL price' s bearish retest#oil MARKETSCOM:OIL price has been bearish for a long time, this month the price took a bounce but i think it' s a bearish retest. Not financial advice.
WTICurrent market conditions show trend continuation signals across multiple timeframes, with key levels identified for potential entries and targets.
WTI - How will oil react to the elections?!In the 4H timeframe, oil is below the EMA200 and EMA50 and is moving in its descending channel. In case of rising due to increasing tensions, we can see the ceiling of the channel and sell in that range with appropriate risk reward. If the downward trend continues and the support range is broken, you can buy oil at the bottom of the downward channel.
Under President Joe Biden, U.S. oil and gas production has reached new records, and the outcome of the U.S. election is unlikely to significantly impact commodities like energy in the short term. Analysts at Capital Economics believe that the election result will have minimal influence on most commodity prices over the next few months.
However, differences in candidates’ views on vehicle greenhouse gas emissions, liquefied natural gas (LNG) exports, and foreign policy toward Iran could notably impact oil and gas prices over the next five years.
The CEO of Goldman Sachs stated that the U.S. economy is very resilient, expressing concerns over global inflation, spending, and the U.S. budget deficit. He advised focusing on the long-term interest rates in the U.S.
Solomon emphasized the importance of U.S. long-term interest rates and mentioned that the Federal Reserve will base its 2025 decisions on economic data. He also noted that geopolitical impacts on Goldman Sachs’ business are minimal but voiced concerns about geopolitical tensions in the Middle East.
Yesterday, Saudi Arabia’s energy minister announced that the country remains committed to maintaining a production capacity of 12.3 million barrels of crude oil per day.
In Q3, British Petroleum (BP) reported a net profit of $2.3 billion, exceeding analysts’ expectations. This compares to $2.8 billion in Q2 and $3.3 billion in Q3 2023. BP shares have declined by over 14% since the start of the year.
BP is also targeting new investments in the Middle East and the Gulf of Mexico to boost oil and gas production. A BP spokesperson stated that the company will continue as a simpler, more focused, and higher-value entity. Other oil companies like Shell and Total are also preparing to release their quarterly reports shortly.
Inside Day Breakout Continuation setup taken with Silver todayIn this video, I walk you through my entire thought process during today's trading session. You'll learn how I selected the pairs and executed three key trades:
* WTI Breakdown Continuation
* Silver ID Breakout Continuation
I'll also provide a detailed explanation of the ID breakout setup, helping you understand how to apply this strategy in your own trading. Don't miss out on these valuable insights and tips!
BUY CL / USOILBeen a while since I last posted a trade, today I'm sharing with you this trade on CL / USOIL, you can but at the level showing on the chart, SL and TP take the same ones as mine.
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USOILUSOIL seems like it might complete this bearish wave and start going long. Look out for a bounce around these support areas. WAIT for price to respect and give breakout. It's a big move no need to catch the reversal. Overall we are in a complex correction. For now we are completing a linking structure normally it will retrace the previous move by 1.2 - 1.618
USOIL BULLS ARE STRONG HERE|LONG
Hello, Friends!
It makes sense for us to go long on USOIL right now from the support line below with the target of 71.76 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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USOIL BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are now examining the USOIL pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 68.29 level.
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WTI creates a price gap, room for price declineTVC:USOIL dropped sharply in the Asian trading session today, October 28, at press time WTI crude oil maintained a decrease of 3dollars on the day, equivalent to 4.18% and is currently trading at 68.6USD/barrel.
The current risk aversion in the geopolitical situation has subsided. Israel's weekend retaliatory strike against Iran bypassed Tehran's oil and nuclear infrastructure without disrupting energy supplies, easing geopolitical tensions in the Middle East and further weakening pressure on the supply side, at the same time causing disadvantages for rising oil prices.
With the US election approaching and demand expected to show no signs of recovery, some fundamental pressures have returned, causing the energy market to fall into a negative state again.
Technically, on the daily chart of TVC:USOIL It created a GAP jump right at the opening of trading earlier this week and recovered slightly from the upper edge of the price channel.
Although WTI crude oil recovered, it still has not reached the closest support level with the target of around 67.14 - 66.44USD, so WTI crude oil still has the ability to fall further before "filling the GAP".
Usually, price gaps are filled, but this is sometimes not immediate, it can happen over the next one or more months, the important thing in trading is that it depends on the trend.
WTI crude oil has been under pressure from the EMA21 moving average. Note to readers in the previous issue of WTI crude oil, along with that, the Relative Strength Index broke down from the 50 level, showing that The downside potential is very wide and the slope of the RSI also shows a huge downward momentum.
Technically, WTI crude oil has enough pressure to decrease in price with main resistance at EMA21 and the 0.236% Fibonacci retracement level. Along with the downtrend, notable technical levels of WTI crude oil will be listed as follows.
Support: 67.14 – 66.44USD
Resistance: 68.59 – 69.73 – 70.56USD
USOIL - SELL Wait for a break and close below 71.45. This helps confirm the market's direction and minimizes the risk of false breakouts.
US-Oil will further push upside After Testing TrendlineHello Traders
In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET
today XTIUSD analysis 👆
🟢This Chart includes_ (XTIUSD market update)
🟢What is The Next Opportunity on XTIUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
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 this 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 :-)
USOIL: Weak Market & Bearish Continuation
Balance of buyers and sellers on the USOIL pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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US OIL (WTI) - Top Down AnalysisHi Followers,
Apologies for the delay in posting the charts. I am busy in testing and trying couple of things (a strategy and a Trading Style or Type). Let's get into the analysis now.
I have marked the resistance and support levels @ 1D, 4H and 1H. I have used ABCD harmonic pattern, Fib and trendline in y analysis. The chart is at the moment testing an hourly resistance and has tested it twice previously, making that a strong resistance level. I have drawn fib retracement on a downward swing on an entire price range and found out that the price action has tested the resistance twice @ 0.382 level. So, if the price breaks the 0.382 level all the way up to the upper bounds of the resistance zone then according to ABCD harmonic it will be bullish. However, there can be another resistance zone between 0.5 and 0.618 fib levels. My take would be to avoid executing trade on this asset because it is sideways and may give false breakout. It would be relatively safer to execute a sell order rather than a buy order because after testing the marked resistance zone price may bounce back.
CRUDE OIL Short From Resistance! Sell!
Hello,Traders!
CRUDE OIL went up sharply
But will soon hit a horizontal
Resistance level of 72.42$
And from there a local
Bearish correction
Will be expected on Monday
Sell!
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USOIL Will Go Higher! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 71.62.
Taking into consideration the structure & trend analysis, I believe that the market will reach 73.20 level soon.
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.
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WTIUSDUsoil is amazing right now these 71 to 72s areas are the attack zone, either buys or sells ,simple. Will Election have any impact? Maybe or maybe not...
