USOIL Long/Buy Trade tp¹ hitUSOIL Long/Buy Trade tp¹ hit As I share on 21 may my analysis about USOIL and market execute the 1pending order and hit our tp¹ AlhamdulillahLongby SMCTradingOfficial1
WTI Oil H1 | Rising into resistanceWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.74 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 78.50 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 76.68 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.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, previously FXCM EU Ltd (www.fxcm.com): 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. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Short03:04by FXCM1
USOIL - Short or Buy? Break down or retracement up? Technicals 1. We have been stuck in a range on a higher time frame for quite some time now. 2. On a higher time frame we failed to confirm a break-up from a trendline dating back to March 2022, which was the COVID-19 highs. A failed break-up of this mega trendline is normally a sign of big reversal or retracement. & we did just that ;-) question is, is this a reversal or just a retracement because I see also a trendline from DEC 2023 which we trade just under. IMO we have not fully confirmed that break down. 3. Visible in my chart we see that we are since then on a big down sloping channel which is still respected. Fundamentals 1. My bias is slightly bearish long term because I think the US economy & other major economies will be in a recession which will give downside pressure on the price of OIL 2. Conflict in the Middle East seems to have not a significant impact as of now on the price of USOIL. Will this change? Till I see major escalation happening I don't see that it will have greater impact than it already has. US also is less energy dependent so therefor geopolitical will impact less. 3. Bullish sign is that OPEC is still holding strong on OIL cuts and China is still strong. Summer season will also give some upside pressure because of demand. Trade 1. The first trade, which is a buy option, I will take if I see buyers really taking over to push price up 2. The second trade, which is a sell, I will take if we confirm a break and retest of the weekly low. Great trading all of you Greetingz, Simba Trades by Simba_Trading4
USOIL - Inverted Head & Shoulders: Formation of 2nd shoulderUSOIL is ready to make its 2nd shoulder, if it succeeds then you guys can grab a handsome profit from this trade. Check my chart to get more idea about Long position holding.Longby zohaibkurdofficial5
Usoil sellOil turning into sell mode candle conformation and pattern forming lower low as well expected... RR 1:2Shortby DNA_Trader_Officials0
WTIDaily timeframe oil analysis Oil can rise to the $80.7 range and then continue to correct again.by m0neyminer3
WTI-4Hmy idea about crude oil: it can be corrective from here and continue to move up in short term then reverse...Shortby kmb_traderUpdated 2
WTI on the way to 29$The price of American WTI oil is set to fall dramatically over the next few years. The target is in the region of USD 29. Only then is the price likely to move north again.Shortby Elliott-Waves-2_02
✅CRUDE OIL TIME TO BUY|LONG🚀 ✅CRUDE OIL will soon retest a key support level of 76.74 So I think that the price will make a rebound And go up to retest the supply level above at 78.00 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx113
$OIL needs to be dumped moreIn my prev. ideas shared the weakened chart of #usoil #crudeoil and this weak structure continues. Correction is necessary in mid term. Not financial advice.Shortby naphyse1
Crude Oil Back at Pivotal SupportWTI is back at a major support pivot we've been tracking for months now at 77.56/67 . A weekly close below this threshold would be needed to invalidate the yearly uptrend and exposes a possible plunge towards 75.33 and the yearly Low-day close at 72.93 . Key resistance steady at the 200-day moving average / 38.2% retracement at 79.89-80.01 . Moment of truth for the bulls - watch the weekly close here. . Michael Boutros @MBForexby FOREXcom4
USOIL: Trend analysis and operational suggestionsSo far, our USOIL signal continues to maintain a 100% winning rate, and we are preparing to make another layout today. The decline in international crude oil prices in the past two days has been mainly affected by sluggish demand. Although the peak summer travel period has arrived, fuel demand has not increased significantly. It is reported that the OPEC+ meeting in early June may decide to maintain the current level of production cuts. From the 1-hour line, oil prices fell back after rising to $80 on Monday. At present, oil prices are running between the middle and lower rails of the Bollinger Bands, and the KDJ indicator has formed a golden cross. The MACD indicator has also formed a golden cross, and the green energy column has gradually begun to increase in volume. In view of the relatively small fluctuations in the current trend of crude oil, it is difficult to continue regardless of the rise or fall, and the space is limited. Therefore, before there is no good news, do not be overly bearish or overly bullish. For intraday operations, you can refer to the 77.5-78 area for buying, and the target is the 79.4-79.8 area. Focus on the release of EIA dataLongby Get-rich-signalUpdated 3
Crude Prices Decline as Weekly EIA Inventories Unexpectedly RiseEquity Markets Navigate Macro Scenarios Amid Interest Rate and Stagflation Concerns Equity markets navigate various macroeconomic scenarios as investors weigh the risks of prolonged high interest rates and potential stagflation. HSBC suggests that greater clarity from the Federal Reserve, even if leaning more hawkish, could ease market pressures. Strategists believe this could lead to global equity gains in both a balanced "goldilocks" scenario and a mild stagflation scenario. "The exact timing of Fed rate cuts should not significantly impact equities, especially if any delay is due to economic strength," they noted in a statement. The upside for global equities both in a goldilocks and a mini stagflation scenario Technically side: The price dropped as we mentioned in the previous idea, and still trading at the bearish zone to reach 75.35. so the bearish trend suggestion will continue as long as trades under 78.78 toward 76.60 and 75.35 the price will move between 80.73 and 75.35 for this week Pivot line: 78.78 Support lines: 76.60, 75.35, 69.78 Resistance lines: 80.73, 82.24, 83.75 Shortby SroshMayi5
BUY OILLLDouble bottom formed on H1, with the confluence of Daily support area. Good opportunity to go long from here. SL below the recent low. trade safe!Longby wonderpittUpdated 4
Long in crude (look factor )We can see some good upside move here with a lower support of 77.40 Upside we can see 80-82 As we can see RSI divergance and price is taking support from lower levelLongby ParasharK112
USOIL: Crude Oil Trading Strategy, Buy@77.7So far, all of our USOIL strategies have reached the target price, with a winning rate of 100%. Yesterday, crude oil fell to the support level of $79. We did not hesitate to buy it directly. After hitting the target price of $80, crude oil began to fall and currently fell to around 77.7. From the historical trend, we can see that the oil price has started to rebound after falling to 77.8 many times. In addition, the oil price has now fallen here again and has stopped falling. This shows that there is still strong support here, so I think it can continue here. Bullish, I'm already buying. From a technical perspective, crude oil prices have shown a double bottom pattern, and there is a high possibility of breaking through the resistance of the 80 mark in the short term. The KDJ indicator formed a golden cross and then diverged upward. The MACD indicator also formed a golden cross and accompanied the energy column turning red. The short-term trend turned from weak to strong. Taken together, the weak CPI data has intensified market expectations for the Federal Reserve to cut interest rates later this year, which prompted crude oil to rebound quickly after falling to the 76.7 line. Judging from the daily chart, crude oil has formed a double bottom and is expected to continue rising to test the 80 mark.Longby Get-rich-signalUpdated 1116
Usoil buyBuy looking momentum for usoil upside breakout needed before FOMC ... stay strong with this holdLongby DNA_Trader_Officials2
USOIL BUYCould this be a possible buying opportunity for USOIL? Based on Daily TF, the market is currently stuck in a corrective range. The 2HR TF is showing a reversal chart pattern as there is added confluence of RSI Divergence. Let's see how this is going to play out.Long02:32by WiLLProsperForex2
OIL: Monday closed as First Red Day Hi 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” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Yesterday, Monday, the market broke through the previous HOW and failed, closing the day as a first red day. Since the last Wednesday the market pumped up and now look like starting the backside move of a big template of pump and dump DAILY TEMPLATE (15min chart): Asia and London session mostly dumped all the day, breaking the current low of the week THESIS : In the short scenario this market can go fo a range expansion, targeting the previous LOW, it would be my main trading opportunity. In the long scenario, considering money on top at the HOW, I would be targeting the yesterday CP(HOD) or current HOW if strong momentum is presented. SETUP : Short: pump at least into previous LOD(LOW) Long: Low in place, consolidation for 30/45 min and second/third hour NY session reversal 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. Gianniby GianniPichicheroUpdated 101012
Crude oil analysis Crude oil prices are struggling as investors weigh recent hawkish comments from the Federal Reserve despite cooling U.S. consumer inflation data last week. Fed Vice Chairman Michael Barr said on Monday that the Fed is in a good position to keep policy steady and focus on the economy. Cleveland Fed President Loretta Mester said she no longer believes three rate cuts in 2024 are appropriate. She stressed that inflation risks are skewed to the upside and given the strength of the economy, there is no harm in taking more time to collect inflation data. The probability of a 25 basis point rate cut by the Federal Reserve in September fell slightly to 60% from 65% on Monday, according to the CME FedWatch tool. In Canada, the expanded Trans Mountain pipeline (TMX) began commercial operations this month, overcoming years of regulatory delays and construction setbacks. The expansion will transport an additional 590,000 barrels per day from Alberta to Canada's Pacific Coast. Investors are now turning their attention to supply from OPEC and its affiliates (OPEC+). They are scheduled to meet on June 1 to set output policy, which will include a decision on whether to extend voluntary production cuts of 2.2 million barrels per day by some members.by RID_WKUpdated 114
oil (WTI)The right range of purchases with a risk to the right reward! Stabilization stop below 76,800Longby hamed-aghamirzaei3
USOIL's downward trend is obviousOn the daily chart, USOIL is under pressure and downward after encountering resistance from the downward trend line, and the short-term short trend is obvious. At present, the lower support is focused on around 75.5. If it falls below, it is expected to fall further, and the lower support is around 72.0. Pay attention to short selling opportunities in the 78.0-78.6 area during the day.Shortby XTrendSpeed1
Will crude oil continue to rise by 85? Crude oil started to fall from the daily high of 88 in a double top pattern, and now it has successfully broken through the key watershed of 81, and the lowest drop to around 77 has eased the decline. It has not been able to break through the 77 mark recently, indicating that there is a lot of buying support, but the trend is still bearish. As long as it does not break through the 81 mark, it will remain bearish. So today's operation can be short near the rebound of 79, and must be short if it reaches around 80, and long near the bottom of 77. Pressure: 79-80 Support: 77-76by money-making-machine-Updated 2