Crude oil tecnnocal ANalysiscrude oil in 4 hout chart break the downtrend bull really startLongby sheharyararshad6795
CRUDE OIL (WTI): Important Key Levels For Next Week Here is my latest structure analysis and important support & resistance levels to focus on WTI Crude Oil next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader115
USOIL Buyers In Panic! SELL! My dear subscribers, My technical analysis for USOIL is below: The price is coiling around a solid key level - 78.44 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 76.72 My Stop Loss - 79.51 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK Shortby AnabelSignals115
USOIL SHORTUSOIL inside a descending channel with break the line i think it will continue its way down after break it will target area 75.90 / 75.35 then after break it will continue to 70.50 Shortby Ehab_Ali4
#Oil_Crude Elliott wave analysisPrice seems to have finished a 5-wave bullish impulsive move and is now getting ready for a bearish correction. Price failing to create a new high while making a new low is our signal that the bearish move has started. Bearish confirmations: Bearish divergence in the 1H time frame. 4H RSX at the oversold (OS) area. Momentum oscillator showing bearish action. Completion of the fifth wave of the fifth, from likely wave A. If you’ve found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.by mohematiUpdated 4
USOIL-Trend Analysis Oil, yesterday's lowest point was around 77.55, and the highest point was around 80. The main reason for yesterday's rise was the strike in Brazil and the closure of pipelines in Ecuador due to weather, which reduced a total of 450,000 barrels/day. Oil encountered resistance at 80 yesterday and rebounded from 72.4. The current high resistance is 80.6. According to my opinion, oil may continue to rise to around 81-82, but my view is still short. According to the current trend of oil, I think it will break through 80.6 and reach a certain range before continuing to fall. Therefore, you can buy around 78.5-79 today, set SL, and control your position. The general direction is to wait for oil to break through 80.6, and then place a sell order according to the market. My long-term target price is still 72-70 The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase. I will analyze the trend and strategy of gold every day, follow me and join meby Colin_AnalystUpdated 4
USOIL: Can crude oil stabilize at the 80 mark?Technical analysis of crude oil Daily resistance 83.4, support below 77-75 Four-hour resistance 81, support below 80-79 Operation suggestions for crude oil: The overall technical form of crude oil shows a bullish breakthrough. Today's support below continues to focus on yesterday's hourly neckline near 79.5-79.7. Return to this area during the day to continue to follow the trend and look for a breakthrough. The upper target is still expected to break through. The overall bullish strong dividing line moves up to the 78 mark. The daily level stabilizes above this position and continues to follow the trend and keep the low-price long rhythm unchanged. (At the same time, beware of sudden trend changes. The technical side also has a warning of a sharp drop and wash) BUY:80.0 near SL:79.70 SELL:81.0 near SL:81.30 SELL:83.4 near SL:83.70 Technical analysis only provides trading direction! Longby ActuaryJUpdated 5
US OILPair : Crude Oil Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure RSI - Divergence Bearish Channel in Short Time Frame Bullish Channel in Long Time Frameby ForexDetective5
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 these 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 :-)Longby ShahedZare3
USOIL: Wait for a pullback before buyingWTI oil prices remained stable before the release of producer price data on Thursday. Oil prices may weaken as rising interest rates curb US economic growth. US crude oil inventories increased by 3.7 million barrels, while inventories decreased by 1.55 million barrels, and crude oil prices face challenges. From the daily chart level, the moving average system of crude oil is divergent and downward, and the medium-term objective trend is mainly downward. Oil prices hit 72.60 and formed a strong rebound. In terms of momentum, bulls gradually strengthened. There are contradictions between the medium-term subjective and objective trends. It is expected that there is room for a rebound in the medium-term trend, and the overall pattern is still mainly bearish. The short-term (1H) trend of crude oil fluctuated and consolidated at a high level. The oil price crossed the moving average system up and down, and the short-term objective trend was a fluctuating pattern. In the early trading, the short-term momentum of oil price decline was dominant. From the perspective of form, the consolidation rhythm showed a flag relay pattern. Pay attention to the support of the lower edge of the flag for oil prices. It is expected that crude oil will remain volatile during the day, and the probability of a small rise is high. Therefore, today we wait for a drop to the support line of 77.4 to buyLongby Get-rich-signalUpdated 5
USOIL ShortInstrument: USOIL Position: Sell Entry: 80.70 1st Target: 76.72 2nd Target: 74.20 Stop Loss: 82.43 Rationale: USOIL is exhibiting signs of a bearish trend, supported by recent price action and fundamental factors. Targets: Our primary target stands at 76.72, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at 74.20, indicating further potential downside momentum. Stop Loss: To manage risk effectively, a stop loss is placed at 82.43, just below the anticipated resistance level. This ensures a controlled exit in case of unexpected market movements. Disclaimer: Trading carries inherent risks, and this recommendation should be considered alongside individual risk tolerance and market analysis. It is advisable to employ proper risk management techniques, including the use of stop-loss orders, to mitigate potential losses.Shortby GODOCM3
USoil will further push Down-side After Testing TrendlineHello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS 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 ChartsLongby ForexMasters20004
Crude oil analysis strategies and ideasHello traders! Instrument: USOIL Position: Sell Entry: 80.70 1st Target: 76.72 2nd Target: 74.20 Stop Loss: 82.43 Rationale: USOIL is exhibiting signs of a bearish trend, supported by recent price action and fundamental factors. Targets: Our primary target stands at 76.72, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at 74.20, indicating further potential downside momentum. Stop Loss: To manage risk effectively, a stop loss is placed at 82.43, just below the anticipated resistance level. This ensures a controlled exit in case of unexpected market movements.by zAngus-FansUpdated 4
OIL: Operation in the range of 77~80Crude Oil Technical Analysis Daily resistance is 80-83.4, support below is 77-75 Four-hour resistance is 80, support below is 77.8 Crude oil operation advice: Yesterday, crude oil experienced a strong bullish rise around the 77.5 mark. In the Asian and European markets, the price slightly stepped back to test and stabilized at the 77.5 mark, ushering in a rebound. The European market rose slightly and broke through the 78 mark, falling into sideways fluctuations. After the US Bulls continued to work hard during the session, and the hourly line continued to rise and broke through and stood at the 79 mark, and continued to rise to close strongly near the 80 mark. After the overall price fluctuated around the 77 mark for nearly 4 trading days, the bulls broke through. In the short term, the oil price stood above the 79 mark and entered the bullish rebound cycle again. Today's lower support focuses on the neckline of yesterday's hourly line near 78.5-78.7. The intraday retracement relies on this position to continue to be bullish. The upper target continues to focus on breaking highs. The short-term long-short strength and weakness dividing line focuses on the 77 mark. Any retracement before the daily level falls below this position is a long opportunity. BUY: 78.4 near SL: 78.00 BUY: 77.8 near SL: 77.50 SELL: 80.0 near SL: 80.50 Technical analysis only provides trading direction! Longby ActuaryJUpdated 4
USOIL is having a strong bullish momentumHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 79 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 79 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 4
USOIL Will Go Higher! Buy! Please, check our technical outlook for USOIL. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 81.39. The above observations make me that the market will inevitably achieve 83.28 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider114
USOIL BEARS WILL DOMINATE THE MARKET|SHORT Hello,Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 75.09 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 116
WTI stages breakoutCrude oil's rally today underscores its recent resilience. Prices surged despite weaker Chinese industrial data, suggesting investors are expecting the oil market to tighten as we head deeper into the US driving season. Thanks to the rally, WTI has broken its bearish trendline that had been in place since April, finding strong support around $77.80, where the 21-day exponential moving average is present. Today's rally has lifted WTI to its 200-day moving average, just below the $79.50 level. Previously, it had struggled within the $79.50 to $80.00 range. Considering last week's V-shaped recovery and the subsequent break above the bearish trendline, crude oil bulls are now looking for a move above May's high of $80.63. Achieving this would mark the first higher high and confirm a bullish reversal signal for WTI. Conversely, if oil prices turn lower in the coming days and fall back below the breakout area around $77.80, the bearish trend would likely resume, leading to further technical selling. However, the bullish scenario appears more probable to me. Written by Fawad Razaqzada, market analyst at FOREX.com Follow me on twitter: x.comby FOREXcom3
USOIL 4H Bullish Shift OutlookTVC:USOIL just popped above our 𝐇𝐢𝐠𝐡 𝐑𝐢𝐬𝐤 𝐙𝐨𝐧𝐞𝐬, going as far as signaling a Bullish Shift in our Period 1 Analysis on our 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐒𝐡𝐢𝐟𝐭𝐬. With a new 7 week high created today, and our lower period analysis curling up, TVC:USOIL is looking like it can make a new bullish move any day. Are you bullish on TVC:USOIL ? Let us know in the comments below! ⬇Longby stonekeeptrading3
Looking to sell WTI crude (USOUSD) … the week of 17 June, 2024Often times, the 200dma is a great dynamic support and resistance. See how effective it has been for the past 6 weeks as resistance as multiple attempts were made by the bulls. The up trendline was broken recently and last week it was re-tested from below. The round number 80.00 and the fact that long-term we are in a downtrend are all factors of confluence. There are so many reasons supporting a sell but the short-term trend is bullish. I want to see some bearish evidence before committing to a trade. A bullish continuation past the 80.00 level and the 200dma will negate my analysis. As you can see, this has the potential to be a +5R trade. Staying patient and allowing for market to make its moves will be required. This is not a trade recommendation. Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! Shortby Trading_VistaUpdated 113
wti idea simple power of three (also how i navigated successfully since mid april) and how i believe it will play out due to seasonality. breaking lower 72.7 will invalidade this. currently have one long possition from the dip and one short running. wish the best to all of youby nikolasgalgrivas3