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Bearish USOIL: 58 at RiskUSOIL extended the previous session's decline today, showing an overall weak fluctuating downward trend. The core bearish factor of oversupply continues to weigh, with a lack of short-term rebound momentum. On the indicator front, the 9-day EMA has crossed below the 20-day EMA, forming a short-term death cross signal, indicating that the downward trend is likely to continue. The 14-day RSI hovers around 40, remaining in a downward channel with no oversold rebound signals, suggesting that bears still hold the initiative and there is no large-scale entry of bottom-fishing funds. In terms of resistance and support, short-term rebound resistance is concentrated at the pivot point of 59.28 and the 59.50-60 range. As a key integer level, failure to reclaim 60 will see bearish sentiment continue to spread. For support below, focus first on 55.7; if the 58 level is broken, a accelerated drop to this support level is highly likely. Trading Strategy: Buy 58 - 58.3 SL 58 TP 59 - 59.5 - 60 Sell 59.5 - 60 SL 60.5 TP 58.5 - 58 - 57.5
TVC:USOILShort
by KingArthur_
The Contango Conundrum: Why Crude’s Price Power WanesThe global crude oil market is signaling sustained weakness. A clear sign is the Contango in the West Texas Intermediate (WTI) futures curve for most of 2026. This structure prices future oil deliveries higher than immediate ones, strongly indicating a global supply glut. Major forecasting bodies like the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC) now confirm a record surplus looms in 2026, reversing previous tight market expectations. Understanding this decline requires a multidisciplinary lens, examining supply resilience against sluggish demand across several domains. Geostrategy and Geopolitics: Production Over Protocol Geopolitical decisions, paradoxically, contribute to oversupply. OPEC+ members are gradually unwinding previous voluntary production cuts, adding millions of barrels back to the market. This production boost, formalized in their latest agreements, increases supply visibility and dampens price spikes. Simultaneously, sustained geopolitical tensions between major powers often lead key consumers like China to ramp up Strategic Petroleum Reserves (SPR) , effectively soaking up immediate surplus but reducing future demand visibility. This policy-driven stockpiling mitigates immediate price falls, but structural oversupply persists. Macroeconomics and Economics: Slowdown Meets Resilience A deceleration in global oil demand growth meets unexpectedly resilient supply . Macroeconomic headwinds, including trade tensions and a sluggish global economic outlook, suppress consumption growth below historical trends. This tepid demand environment is exacerbated by expanding production from non-OPEC+ nations. Crucially, the United States, Brazil, Canada, and Guyana lead this non-OPEC+ supply expansion, challenging the cartel’s market dominance. The resulting imbalance, production exceeding demand, creates the chronic oversupply driving WTI into contango. Technology and High-Tech: Efficiency Enhances Supply Advancements in extraction technology dramatically boosted supply, particularly within the US shale sector. Continuous innovations in horizontal drilling and hydraulic fracturing sustain high US output, even as prices soften. Furthermore, the rapid expansion of Electric Vehicle (EV) sales and increasing vehicle fuel efficiencies represent a major technological headwind for transportation fuel demand. This shift, supported by global patent activity in battery and wave energy technology, structurally limits long-term oil consumption growth. Patent and Science Analysis: The Energy Transition Patent activity confirms the directional shift away from fossil fuels. While patents related to downhole completion systems and drilling fluid prediction remain, increased patenting in Carbon Capture and Sequestration (CCS) [/b and Green Hydrogen signals the industry's necessary pivot. The science of energy transition, focusing on low-carbon solutions, suggests a future where oil remains a critical input but faces mounting competition from technological substitutes. This long-term displacement risk pressures oil prices, even if demand remains firm in the short run. Cyber and Strategic Risk: Supply Chain Security The increasing reliance on complex digital infrastructure across the oil value chain introduces cyber risk . Successful attacks on pipeline operators or refineries can cause temporary supply disruptions and price spikes. However, the market currently views such disruptions as temporary events rather than long-term structural issues affecting the overall supply-demand balance. The oversupply acts as a buffer, with floating storage and ample inventory mitigating the impact of short-term, localized outages. Investment Outlook: Watching Spreads The market signals clearly indicate supply strength and demand vulnerability. The widening WTI contango structure provides a clear arbitrage opportunity for traders willing to finance storage. Investors should closely monitor the Brent-Dubai Exchange of Futures for Swaps (EFS), which is turning negative, underscoring specific weakening in the Atlantic Basin. Barring a sharp, coordinated OPEC+ cut or an unexpected large-scale geopolitical conflict, pricing pressure should persist into 2026. Traders must prioritize futures spread analysis over simple outright price forecasting.
FX_IDC:USDWTIShort
by the5erstrading
Brent Oil Under Pressure – Key Resistance Zone Holding Strong!🔥 UKOIL / BRENT Energies Market Opportunity Blueprint (Day & Swing Plan) ⚡️ 📉 Plan Overview: Thief is spotting a Bearish Blueprint on UKOIL / Brent — price confirming rejection around the Triangular Moving Average (TMA) zone 📊. A clean pullback and retest structure are forming — time for a layered sell approach to capitalize on energy market volatility ⚙️ 🎯 Entry Idea: Thief enters with multiple limit layers (Layering Strategy) — scaling in smartly with precision entries: 🔹 Sell Limits @ 64.500 / 64.000 / 63.500 (You can increase or adjust the layers based on your own conviction & market timing 🕰️) 🛑 Stop-Loss Guidance: This is Thief’s SL @ 65.000 💣 Dear Ladies & Gentlemen (Thief OG’s), adjust your stop loss based on your risk appetite and confirmation setups. Risk management is the crown 👑 of consistency. 💰 Target Zone: Watch out for the Police Barricade Zone @ 60.500 — this level aligns with strong support, potential oversold condition, and a trap + correction scenario 🔦 Escape with profits before liquidity hunts you — take money when you see money 💵 📘 Note to Thief OG’s: I’m not recommending my SL or TP as mandatory levels — it’s your chart, your strategy, your risk, your reward. Trade smart, not emotional 🧠 🧩 Related Market Pairs to Watch: 🔸 WTI Crude (USOIL/USD) – Highly correlated with UKOIL. A bearish structure here often confirms momentum for Brent. 🔸 USD/CAD 💵 – Inverse correlation! A rising USD/CAD often strengthens the bearish sentiment in crude markets. 🔸 XLE (Energy ETF) – Keeps track of energy sector performance; confirmation of trend strength adds confluence to your trade. 📊 Key Market Correlations: Oil reacts strongly to USD strength, global demand outlook, and OPEC sentiment. Keep an eye on DXY (US Dollar Index) — stronger dollar usually pressures Brent prices lower 💹 🚀 Thief Quote of the Day: "Patience pays more than panic — layer in silence, exit in profit." 🕶️ #UKOIL #Brent #EnergyMarket #ThiefTrader #BearishSetup #LayeringStrategy #SwingTrade #OilMarket #WTI #USD #Commodities #TechnicalAnalysis
GBEBROKERS:UKOILShort
by The-Thief
1
USOIL: Fluctuating declineCrude oil showed a trend of fluctuating decline today, breaking through key support levels, with a clear bearish dominance. Key support below: In the short term, attention should be paid to the $59.00 integer mark. If this level is breached, oil prices may further drop to $58.00. Resistance levels for rebound: If there is a technical rebound in oil prices, the first resistance level is at $60.50, and the second resistance level is at $61.50, with limited rebound space. Trading Strategy: Buy 59 - 59.5 SL 58.5 TP 60 - 60.5 - 61 Sell 60.5 - 61 SL 61.5 TP 59.1 - 58.5
TVC:USOILShort
by KingArthur_
WTI Crude Oil – Update I’ve entered a short position around this zone. I don’t predict the market — I just follow opportunities. It doesn’t matter what happens after entry; I simply follow my plan. Those who’ve been following me know my system: At a 1:1 reward, I close half of my position — that means zero risk. If the market reverses and hits my stop, I lose nothing. If it keeps moving, I use a trailing stop to catch as much of the move as possible. That’s what real position management looks like. And if my level breaks, I don’t just sit and watch — I’ll go long with the market. I don’t predict or guess the future; I trade with discipline, patience, and respect for the market. I’m a trader, not a fortune teller.
BLACKBULL:WTI
by ForexCSP
WTI OIL Successive 1D MA50 rejections. Sell Signal.WTI Oil (USOIL) has been trading within a 3-month Channel Down with the price experiencing successive rejection on the 1D MA50 (blue trend-line) since the October 24 Lower High. Given that the 0.5 Fibonacci retracement level was also filled (as on the previous Lower High), we expect this inability to break above, to kickstart the new Bearish Leg. As previously, the Target is the Support at $56.00. --- ** 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. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
Oil - Expecting Bullish Continuation In The Short TermH1 - Downtrend line breakout. Higher highs. No opposite signs. Until the two strong support zones hold I expect the price to move higher further. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 --------------------------------------------------------------------------------------------------------------------
EIGHTCAP:USOUSDLong
by VladimirRibakov
USOIL Will Grow! Long! Please, check our technical outlook for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 60.422. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 65.013 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!
FX:USOILLong
by SignalProvider
2
USOIL: Q4/2025 Q1 2026 Action PlansSentiment: - The broader market is cautious in a risk-off environment, which typically translates to concerns about demand and the strength of the US dollar. However, the market is not in a state of panic as the Fear Index is at around 30, opening room for either direction. - Social Media (X/Twitter): The current tone is positive, as participants expect USOil to rise within the range of 57.50-65.00 in the near term, anticipating an upcoming upward breakout. - The COT report shows extremely bearish sentiment regarding the latest data from 26/9 (following the US government shutdown), so we can only have a snapshot of more than a month ago. Although the current sentiment may or may not be as extreme (we need to wait for the latest data), it still reflects the state of market positioning. - I think that Retail is unaware of positioning extremes and is more focused on technical breakout. It may lead to a sentiment shift as a result of a technical breakout and changes in the fundamental narrative. Fundamental: A. OPEC+ Production Shift: - Narrative: OPEC+ has pivoted to MORE cautious supply management. After nine consecutive monthly increases, the group is now implementing only a modest 137k bpd increase for Dec 2025, followed by a production pause for the entire first quarter of 2026. - Rationale: Healthy market fundamentals, low inventory levels, seasonal demand - It means more supportive than what we observed earlier in 2025. Q1 2026 pause suggests OPEC+ acknowledges oversupply risks and is being disciplined. One more thing to note is that the current price is also not entirely factored into this narrative. B. Geopolitical Risk Premium Returning: - Narrative: Recent US/EU sanctions on Russian energy companies and escalating tension in oil-producing regions are providing price support. - Market impact: This narrative provides a fundamental floor for price at least till the end of this year. C. Bearish Fundamentals - Oversupply into 2026: - Narrative: Despite the OPEC+ pause, global oil inventories are expected to rise through 2026 on weak demand growth and non-OPEC supply increases (such as the US production) - Factors: global inventories forecast to rise through 2026, weak demand from China, tariff uncertainties and US production at record levels. - Market impact: Bearish medium-term outlook for Q1-Q2 2026. Technical: - USOIL broke the small blue channel and is expected to reach the measured level at around 65, confluence with the Sep resistances. - If USOIL can hold above 60 (retest the broken channel), it may resume its momentum to retest the key resistance at 62 first, then 65, as measured by the move upon breaking. - Conversely, closing below the support at 59.30 may invalidate the short-term upward view and open the door for further decline, potentially retesting the swing low at 56.80. Conclusion: - Despite a short-term upward momentum until year-end, the prospect for USOIL in 2026 is not as promising. - Therefore, a range of 65-70 is possible for the short term upward plan; however, any surge bejond that may open another opportunity for counter-trade setups in Q1-Q2 2026. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
FX:USOILSPOTLong
by DatTong
How to Trade Crude Oil with Smart Money Concepts SMC Explained Smart Money Concepts is one of the most reliable techniques for trading WTI Crude Oil. In this article, I will teach you a profitable SMC strategy for analysing and trading USOIL futures and CFD. This simple strategy is based on an important event every SMC trader should know - a break of structure BoS. In a bullish trend, the best break of structure will be based on a violation and a candle close above a current higher high. It will signify a highly probable bullish continuation and provides a great opportunity to buy Though you can spot a bullish break of structure on any time frame, the most reliable one is a daily. After a formation of a new high, I suggest waiting for a short term intraday correctional movement. With a high probability, the market will retest a recently broken structure and smart money will manipulate the market, pushing the price below that, making buyers close their positions. Once the market starts retracing, analyze an hourly time frame. The price will need to establish an i ntraday minor bearish trend. In this bearish trend, 2 trend lines should connect lower highs and lower lows composing an expanding, parallel or contracting channel - a bullish flag pattern. Your best signal will be a breakout of a resistance line of the flag and a violation of the level of the last lower high - a bullish change of character of a liquidity grab. It will confirm a completion of a correction. Buy the market on a retest of the level of the last higher low, it will be your best entry. Set your stop loss at least below a trend line and aim at the next strong daily resistance. That will be a perfect model for trading break of structure on WTI Crude Oil. We spotted such a setup in my trading academy on one of the live streams with my students. WTI Crude Oil was trading in an uptrend on a daily time frame. A bullish violation of the last Higher High and a candle close above that confirmed a Break of Structure BoS. The price started a correctional movement then, and we spotted a bullish flag pattern on an hourly time frame. The market completed a correction after grabbing a liquidity below a broken structure. A bullish movement started then, and the price violated a resistance line of the flag and the level of the last lower high. These 2 breakouts confirmed a completion of a correction and a resumption of a bullish trend. We opened a buy position immediately on a retest of a broken level of the last lower high. Stop loss was below a trend line, take profit was based on the closest key daily resistance. And the price went straight to the target. Break of Structure BoS will be useful for analysis, forecasting and trading WTI Crude Oil. Combining that with top-down analysis and lower time frames confirmations will provide accurate signals and profitable trading setups. Integrate a price model that I shared in your strategy, and good luck to you trading USOIL! ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
FX:USOILEducation
by VasilyTrader
3
Is XTI/USD Setting Up for a Sharp Bearish Correction?🚨 WTI/USD CRUDE OIL: THE BEARISH HEIST AWAITS 🎯 ═══════════════════════════════════════════════════════════ THE SETUP: Breaking Down The Crime Scene 🕵️‍♂️ We're executing a bearish pullback strategy on WTI/USD spot crude oil, leveraging the 200-period Simple Moving Average (SMA) as our primary technical confirmation. The energy sector is flashing opportunity signals, and it's time to work the levels like a seasoned professional. 📊 STRATEGY FRAMEWORK Market Direction: Bearish Pullback from 200 SMA Resistance Timeframe: Suitable for Swing & Day Trading Operations Asset Class: Energies | WTI Crude Oil Spot 💰 THE LAYERED ENTRY STRATEGY (Multi-Level Approach) This is where the Thief Method shines—stacking limit orders at key price levels to accumulate positions as the market comes to you: Suggested Entry Layer Points: Layer 1: 60.50 💧 Layer 2: 60.00 💧 Layer 3: 59.50 💧 Layer 4: 59.00 💧 ⚠️ Pro Tip: Feel free to add or adjust layers based on your risk tolerance and position size. The beauty of this method is scalability—customize to YOUR account size and risk parameters. 🛑 STOP LOSS PLACEMENT Primary SL Level: 61.00 Positioned at the nearest swing high/candle wick resistance above our entry cluster. This respects natural market structure and gives us a defined, measurable risk point. ⚡ DISCLAIMER ON RISK MANAGEMENT: This is NOT financial advice. Risk management is YOUR responsibility. The suggested SL is based on technical structure, but YOU control your account. Set stops that align with YOUR risk tolerance. Trade only what you can afford to lose. 🎯 PROFIT TARGET STRUCTURE Primary Target: 56.50 Secondary Support Level: 56.00 — A police barricade of strength where multiple factors converge: Strong historical support confluence 📍 Oversold zone recognition ⚖️ Potential reversal trap (exit strategy alert) ⚠️ Exit Strategy: Consider banking profits at 56.50 before support intensifies at 56.00. Lock in gains as the technical structure suggests potential friction. ⚡ DISCLAIMER ON PROFIT TARGETS: Again, these are TECHNICAL levels only. YOU decide your exit strategy. Whether you take full profits at 56.50, trail stops, or use partial exits—this is YOUR trading plan. No setup is guaranteed. 🔗 RELATED PAIRS TO WATCH (Correlation Check) Understanding energy market interrelations helps you spot confirmation signals: US Dollar Index ( TVC:DXY ) → Inverse correlation to crude oil. Strengthen USD = Bearish pressure on oil. Watch DXY for confirmation of our bearish bias. CSEMA:S&P 500 ( AMEX:SPY / CME_MINI:ES1! ) → Risk sentiment indicator. If equities weaken, crude often follows bearish patterns. Check equity trends for macro confirmation. Energy Select Sector ETF ( AMEX:XLE ) → Direct correlation. Tracks large-cap energy stocks. Oil weakness often precedes XLE drops. FX:EURUSD → Global risk sentiment. Weak euro = risk-off environment = potential crude weakness. Monitor for macro context. AMEX:USO (Crude Oil ETF) → Direct oil tracking instrument. Moves in lockstep with WTI. Use for backup confirmation. 📋 THE THIEF STRATEGY CHECKLIST ✅ Confirm 200 SMA as resistance/bearish context ✅ Stack limit orders—don't chase price ✅ Define your personal stop loss (around 61.00 structure) ✅ Target scale-outs near 56.50-56.00 ✅ Use correlation pairs for macro confirmation ✅ Manage position size ruthlessly ✅ Accept losses—they're tuition in the market 💬 ENGAGEMENT BOOST ✨ If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community! #WTI #CrudeOil #EnergyTrading #TechnicalAnalysis #ThiefStrategy #SwingTrading #DayTrading #Trading101 #ForexEnergy #MultiLayerEntry #RiskManagement #TradingSetup #FinancialMarkets #Energies #TradingCommunity
FXOPEN:XTIUSDShort
by The-Thief
Crude Oil – Sell around 61.00, target 60.00-58.00Crude Oil Market Analysis: Crude oil has rebounded, presenting another selling opportunity. We maintain our bearish outlook on crude oil. Today, you can sell directly at 61.00, or consider selling at 61.50. Regardless of the fluctuations, it's a sell opportunity. Crude oil volatility has been minimal in recent months, so patience is needed to enter the market. The overall trend for crude oil is unlikely to change. Fundamental Analysis: There are no major data releases today; all are routine data. The most important data this week is tomorrow's CPI, which has seen significant fluctuations over the past year. Trading Recommendation: Crude Oil – Sell around 61.00, target 60.00-58.00
NYMEX:CL1!Short
by GoldenSpaceship
Watch Wednesday Reports for BrentOil market might have entered a key week. While end of US shutdown is in spotlight, 3 key reports will be released tomorrow. International Energy Agency will release November report. In the October report, IAE said that record oil surplus is expected in 2026. Oil demand expected to rise by 750 kb/d for both 2025 and 2026 while supply is expected to rise 3 mb/d for 2025 and 2.4 mb/d for 2026. Meaning oil surplus is expected to exceed demand by nearly 4 mb/d in 2026. On top of IEA report OPEC will publish its monthly oil market report and EIA will publish monthly short-term energy outlook report in Wednesday. So far, composite forecasts and forward prices suggest that the market expects oil to remain near current levels in 2026. Projections indicate that in the first and second quarters of 2026, Brent will trade close to 60, with WTI slightly below that level before a potential recovery later in the year. However, futures and spreads have not yet been priced in a low Q1-Q2. Only two factors come to mind that could lift oil prices in 2026. The first is a surge in global energy demand that draws consumption back toward oil as prices stay low. The second is a worsening of the Ukraine–Russia war, which could lead to additional restrictions on Russian oil and more attacks on refineries. Beyond these possibilities, oil still faces a risk of trending lower. Brent oil has been in a downtrend for some time, and this trend is likely to continue in the medium term. Since the start of the year, the 60 level has acted as the main support. The price has dipped below it three times, but each instance was only a one-day spike. While 60 continues to hold, Brent is forming lower highs, which increases pressure on the support. In the event of a breakdown, the base case points to a decline toward the 54–55 zone, with a possible extension to 48 in a worst-case scenario. This week’s reports will be key for shaping 2026 expectations and could trigger preemptive price action in either direction.
BLACKBULL:BRENTShort
by ftdsystem
1
Short-term rebound opportunities are emergingThe policy divergence of the Federal Reserve has emerged, and the expectation of a rate cut has not been completely reversed. Although some Fed officials (Schmid, Logan) oppose a rate cut in December, Powell emphasized that "policies need to balance the risks of employment and inflation", and member Milan advocated for a significant rate cut, while Baumann expected another rate cut twice before the end of the year. There is a significant divergence between the dovish and hawkish factions within the Fed. The probability of a rate cut in December remains at around 50% in the market, and the few hawkish remarks have not completely negated the trend of easing. Coupled with the narrow range fluctuation of the US dollar index near 99.66 today, it has not broken through the key resistance of 99.75, and the strengthening momentum of the US dollar has weakened marginally. The valuation pressure of crude oil priced in US dollars has eased, creating conditions for a rebound. Crude oil trading strategy buy：59.3-59.6 tp:60-60.5 sl:59
TVC:USOILLong
by Ryan_Lewis1
Learn How to Trade WTI in 1 MinuteWTI in the 4H timeframe has formed a solid range for us that could lead to a strong trend after breaking out of it. Setup and Entry: A: Our long trigger is breaking the ceiling, meaning 60.329 , and B: Our short trigger is breaking the floor at 59.375 . Exit Plan: For scenario A, we can take profits at levels 61.203 and 61.891 —also, if you spot any kind of reject candle or reversal pattern on these levels, you can close the position. For scenario B, 57.360 could serve as a sort of final target; depending on the risk-to-reward you get, you can close or hold out for 56.321 . Short targets are more extensive because HWC and MWC also carry bearish momentum, which aids further drops—so the bearish bias here is stronger. Goal: For A, simply capturing the daily corrective wave; for B, continuing the MWC with partial profits to aim for higher R/R ratios. Thanks for your attention.
BLACKBULL:WTI
by SkepticLab
USOIL H1 | Bearish Momentum BuildingMomentum: Bearish Price is currently retracing toward the sell entry, which aligns with the descending trendline that has been tested at least three times. Sell entry: 60.16 Pullback resistance Stop loss: 60.71 Pullback resistance Take profit: 58.95 Swing low support Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (thttps://tradu.com/eu ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TRADU:USOILShort
by Tradu
Crude Oil – Sell around 61.50, target 58.00-56.00Crude Oil Market Analysis: Crude oil has recently started to decline on the daily chart, with a larger drop than before. Previously, the declines were smaller, but recently the fall has accelerated. Sell on any rebounds. Pay attention to the resistance around 61.40. The daily moving averages are starting to diverge. A break below 55 would trigger a major daily downtrend. Currently, the market is experiencing a volatile decline. Fundamental Analysis: Recent comments from Federal Reserve officials have signaled continued interest rate cuts. It is expected that the rapid easing policy will continue, which will support further buying and upward movement in gold. Trading Recommendation: Crude Oil – Sell around 61.50, target 58.00-56.00
NYMEX:CL1!Short
by GoldenSpaceship
Crude oil: Consolidating sideways in the short term.Crude oil prices once hit a low not seen in over two weeks. In early trading on Monday, prices remained below the psychological threshold of $60 per barrel. Therefore, bullish traders should exercise caution before going long and adopt a prudent approach to positioning in anticipation of any substantial upward movement. Crude oil is oscillating within a range in the short term. Prices have repeatedly crossed the moving average system, with the short-term objective trend direction being sideways consolidation. The MACD indicator is hovering around the zero line, reflecting a stalemate between bullish and bearish momentum. With oil prices trading in the middle of the range in early trading, it is expected that intraday crude oil movement will remain within the range, and a range-bound trading strategy is recommended. Buy 58.8 - 59.3 SL 58.3 TP 59.8 - 60.3 - 61 Sell 60.4 - 61 SL 61.5 TP 59.1 - 58.5
TVC:USOIL
by KingArthur_
Crude Ready For New Strong Leg UpCrude oil is recovering for the last few weeks, after new sanctions against Russia, with price rebounding from 56 sharply and impulsively. This suggests an important new swing low is in place, and we should now be aware of more upside ahead, with a minimum three-wave recovery that could take us toward 66.60 or even higher, after that wave b/ii setback which is now coming to an end at 58-59 support area. Even HS bullish pattern is calling for more upside. GH
NYMEX:CL1!Long
by ew-forecast
5