USOIL:Buy@79, target 80Affected by the geopolitical situation, crude oil bulls still take the initiative. Although there was a wave of correction after the failed move to $80, another rise is likely in the short term. Once it breaks through the 80 integer mark, it will continue to test the resistance near $82 upwards. The profit margin is still very large, and it is worth buying during the correction. Don't blindly go short before reaching 82. After all, bulls are now dominant and the risk of going short is high.Longby Get-rich-signalUpdated 4416
Crude oil under pressure 80.3 return rangeCrude oil technical analysis Daily resistance 79.2-83.4, support below 77.5 Four-hour resistance 79.2-80, support below 78.5 ✅Crude oil operation suggestions: Crude oil fell back after reaching a high yesterday. It failed to continue its strong performance after breaking through 80.0. The small negative line retreated and showed signs of seeking support at a lower level. In a strong market, the price usually falls back on the same day. Yesterday, it fell back and closed at a low level, which made the short-term bulls not strong. It still returned to a volatile trend. Be careful of today's rapid rise to repair the decline. The overall price continued to fall back after encountering resistance above the 80 mark. The short-term daily level continued the rhythm of long and short wide fluctuations. Today's upper resistance focuses on the opening of yesterday's hourly line near 80.3-80.5, and the lower support focuses on the 78.5 line. During the day, keep selling high and buying low according to this range. BUY:79.2 near SL:79.00 BUY:78.5 near SL:78.00 The crude oil brokers' quotations are different, only for reference of trading direction by ActuaryJUpdated 4
USOIL Resistance Rejection ? 27.05.2024- 1-hour USOIL chart shows resistance rejection. - If rejection holds, price likely to go down. - If rejection fails and breaks out to the upside, price likely to go up. - 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)by BDSwiss_Academy3
WTI in daily chart Hello I don't think it is necessary to repeat same expressions because it is really boring. What is happening in OIL market is to decrease the price and increase the sell power to balance it. WTI was able to penetrate into our resistance level and it is making a first wave. We traders should change our decisions whenever it is necessary and never insist in our ideas. For now I am following the bearish market for Oil. I am not sure how long it can correct (may till Trump becomes US president) and we have to decide fir short-term because Oil (as I mentioned in my last ideas) is in a consolidation (range) are with many R/S level. ThanksShortby AMA_FXUpdated 5
Oil Down TrendMy first analysis on US Oil. We are in a clear downtrend on the monthly time frame and price continues to make lower lows on the lower tome frames (4HR - 1 W). Short term pullbacks offer selling opportunities. Keep in mind that over the following week we have the following news data: June 3 - June 7: Final Manufacturing PMI ISM Manufacturing PMI JOLTS Job Openings ADP Non-Farm Employment Change ISM Services PMI Unemployment Claims Average Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate Shortby TheForexMessiah3
WTIin the pic u see that our downtrend was broken with good impulsive move out after that i stay like snake to hunt it the price come to my zone now if i see good confirmation i will long wti Longby Mehrab-MO3
WTI New Trend BeginningWe can see on the 4H that the downtrend has been broken, waiting for a confirmed retest of the old trendline before entering. We could see consolidation for a little while however. Swing trade.Longby Pottz7773
crude oilCrude oil is currently on main wave B of an A,B & C correction, pair has completed sub-wave A & now its currently on towards sub-wave B is about to be confirmed as pair is expected to breakout towards minor-wave 5 of sub-wave C on main wave BLongby Nhlanhla_luck_IV3
OIL will going up around 83Oil will going up aroung 83, Buy now. we can see Oil has Descending Braodening Wedge Pattern.Longby EdyDragon4
USOIL/WTI - LongBullish divergence on 1H, 4H, 1D Trendline breakout Entry on retest at Fib 0.5Longby Mibbro2
CRUDE OIL Support Ahead! Buy! Hello,Traders! CRUDE OIL is going down To rertest the horizontal Support below at 75.97$ And after the retest we Will be expecting a Local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals115
USOIL - where is current support? holding or not??#USDOIL.. market placed 80 plus day high and dropped again . now market have a supporting area here, keep close it because if market hold it then again bounce expected from here, don't be lazy here. good luck trade wisely by AdilHussain7313332
Short Crude OilOn Daily Chart and 4H chart we created the megaphone(broadening formation) so I would check the top boarder of the formation and look for breaking market structure. Shortby rafael_kyrdanUpdated 2
USOILRSI indicates Bullish Divergence. Which means that at any time the market trend can change to HH and HL. Order type : buy stop Entry : 78.82 SL : 77.38 TP1 : 78.82 TP2 : openLongby SohailChaudharyUpdated 2
Oil Prices Rally from a Six-Week NadirOil prices increased early on Thursday, recovering from a six-week low after a significant 3.6% fall the previous day, which was the lowest point since mid-March. This drop was attributed to an unexpected surge in U.S. stockpiles, indicating softer demand than anticipated. At the same time, market observers have pointed out that the Federal Reserve has kept interest rates steady, diminishing earlier expectations for a rate cut. PVM Oil Associates commented, "The reduction in borrowing costs may not occur as soon or as quickly as previously thought. It is similar to peak oil demand—consistently anticipated yet never realized." Technically: The price has stabilized within the bearish zone, having already breached the pivotal range between 80.73 and 82.24. This suggests a continuation of the bearish trend, with potential targets at 77.14 and 75.35. A further break below 75.35 could lead the price down to 69.78. Conversely, if the price stabilizes above 82.24, it may indicate a bullish trend, potentially reaching up to 86.86. Pivot line: 80.73 Support lines: 77.14, 75.35, 69.78 Resistance lines: 82.24, 86.86, 89.08Shortby SroshMayiUpdated 11
USOILWe can attempt to buy USOIL from specified level as it break LH , also bullish divergence occur indicate that it move upward . SL , TP mention in chart.Longby SignalEdge2
UsOil longUsoil looks for more buy momentum use Stop-loss we have entered after confirmation only in this pair so it may slow process but sure processLongby DNA_Trader_Officials2
Should we wait for lower oil prices? In the analysis of the oil chart, the main trend line of the upward movement (blue line) has been broken, and the broken candle is marked with an arrow. It seems that we have to wait for lower prices for oil. Do you agree with my opinion?Shortby hamidreza_FX113
Oil latest analysis and advice, hope to help you!Crude oil latest market trend analysis: Crude oil news analysis: On Friday (May 31) in the US market, international oil prices rose and fell, and US crude oil is currently trading at $77.15 / barrel. In the past week, the crude oil market has experienced a series of volatility, with investors' eyes on the OPEC+ decision to cut production and the ups and downs of U.S. economic data. Investors are awaiting the OPEC+ meeting on Sunday, which will decide the future of the producers' alliance's production cuts. On Friday, WTI crude futures closed down $0.92 a barrel, or 1.18%, at $76.99 a barrel, while Brent futures fell $0.24 a barrel, or 0.3%, to $81.62 a barrel. For the week, Brent is down 0.6% and WTI is down 1%, WTI is down 4.8% in May and Brent is down 7.2%. OPEC+ is widely expected to extend its production cuts, an expectation that dominated jitters heading into the weekend. There is currently no appetite to add more oil to the market, however a final decision from OPEC+ has yet to be revealed and the news that Saudi Arabia has invited ministers to attend the June meeting in person has added to the uncertainty. Investors are awaiting the OPEC+ meeting on Sunday, which will decide the future of the producers' alliance's production cuts. The crude oil market has experienced volatility this week caused by the OPEC+ decision to cut production and U.S. economic data. While OPEC+ is widely expected to continue its production cuts, the final outcome is still up in the air. At the same time, uncertainty about the pace of economic recovery in the United States and demand also put pressure on oil prices. The analysts' views and technical analysis provide us with an in-depth understanding of the market dynamics. With the release of more key data next week, volatility and trading opportunities in the crude oil market are expected to increase further. Crude oil technical analysis: crude oil daily line, last Friday hit a low of 76.15 US dollars/ounce after the recovery, on Tuesday sharply rose above the 80 mark, and then fell back for two consecutive trading days, the overall trend is weak, is expected to continue to downward test support. From the point of view of the four-hour line, after reaching a high of 80.6 line on Wednesday, it began to fall sharply lower, and has now fallen to near the lower track of the Bollinger band, KDJ is running downward after the dead fork, MACD is running after the dead fork, the green energy column is released, and the short-term trend is weak. Overall, crude oil in the high 80.6 after falling down, you can see that want to stand still 80 mark is relatively difficult, it is expected that before the Opec meeting will not have too strong trend, the current or bearish, so this week's operation can refer to 78.6-79 region short, see 76.4-76.8 region. In summary, crude oil Monday's operation ideas suggested to rebound high altitude, back to the low more than supplemented, above the short-term focus on 78.5-79.0 line resistance, below the short-term focus on 76. 0-75.5 First-line support.by Frederic-FUpdated 1
USOil moving lower**Monthly Chart** Last month candle closed bearish after testing the low of key reversal candle of the previous month and started moving lower. The next target on monthly is around 71 level and then 63 level respectively. **Weekly Chart** Last week's candle closed as a bearish key reversal suggesting a continuation of the downtrend move. **Daily Chart** USOil broke the relative equal high of the range with the creation of manipulation candles at around 80 levels. The next target is to break the soft level of supports around 75.50 level and move aggressively lower. A corrective move around 78.00 level is required to push the price lower. The next target is around the 72 to 70 level.Shortby PropSignals2
WTI Crude Oil: LONGToday's session marks the beginning of the bullish move higher to test the April 2024 WTI highs. The ultimate target seems to be around the 85.00 - 87.00 region. This move begins now and may possibly extend to the end of June or early July. The stop loss should be around the at least be 77.90. Stay tuned for updates.Longby ZAR_Republic3
USOIL: Short-term oil prices are on the way to recovering to $80USOIL: Short-time period oil fees are at the manner to convalescing to BSE:EIGHTY because the marketplace is presently watching for the subsequent OPEC+ meeting. However, the chance of a lower is fantastically excessive due to the fact OPEC+ nations have nearly all showed the growth in production. This will probably reason oil fees to drop even lower. Consider ready to promote with USOIL around BSE:EIGHTY with the anticipated goal to go back to $75-76Longby Chart_MasterPro3