USOIL1. Massive H&S on US Oil Daily. 2. I believe oil will now resume it's macro downtrend. 3. Exact same pattern on the DXY is forming. 4. Never seen sentiment so low or fearful in a bull market. 5. Risk onShortby PistolPeteno17
Crude Oil - In Range- Crude oil is currently trading in a range after a bullish move. - Buy stop and Sell stop orders are in place for potential breakout move. - High of the range is 87.101 and low of the range is 83.993.by AnalytixEdgeByQasimUpdated 1
Usoil-Analysis and Forecasting After oil breaks through 80, my target is 85. Now the upward momentum is still strong, so you can wait for the support point to buy. The lowest support point on Tuesday was 84, yesterday the support point was around 84.2, and the important support point was around 83.5. But this month I think oil may start to adjust around 87. It is expected to be in the 86.4-86.7 range, and may adjust to the important support point 83.5, or even reach the 80-82 range. Join me and I will continue to analyze the next trendby UnknownUnicorn68604160Updated 4
Usoil flipped droped yesterday Hey there on 1htF the USOIL has slipped over the yesterday and continue seems to be fall as there support level 80.00 and 79.00 so we can see continue waterfall and we will see soon over next target Shortby DvsTraderfirm1
Oil could go to $90 and higher if this happens...Since the eruption of the war between Hamas and Israel in early October 2023, we have been occasionally reporting on some of the developments in the oil-rich region. In one of the more recent articles, we outlined how Israel’s deadly airstrike against Iranian generals in Damascus, Syria, was likely to provoke retaliation from Iran and its proxies. On Saturday, Iran followed through and launched a large-scale attack on Israel. Per media reports, Iran sent approximately 170 drones, 120 ballistic missiles, and 30 cruise missiles, most of which were intercepted outside of Israel’s airspace with the help of Israel’s allies, including the United States. The attack sparked a discussion of retaliatory strike against Iran within Israel’s war cabinet, with officials not being able to agree on a timeline. Initially, it was announced Israel would reciprocate aggression in a window of 24 to 48 hours. However, just shortly before the futures market opened on Monday, Israel’s officials backtracked their plans, noting the country was not looking for significant escalation of the conflict while leaving a possibility of payback on the table. Besides the attack, there was also news concerning Iran’s seizure of the Israel-linked MV MSC Aries cargo ship (operated by Geneva-based Mediterranean Shipping Company and owned by Gortal Shipping) off the Strait of Hormuz. At the moment, it does not seem very probable there will be some sort of disruption to cargo or tankers transiting through the area, but keep in mind that about 21 million barrels per day were transiting through here in 2022, which is about three times more than oil passing through the Red Sea before the start of the Israel-Hamas War. All in all, the geopolitical situation in the region progresses from bad to worse, carrying many unknowns. But judging by how things are unfolding, there is a high chance of a conflict passing beyond a point of no return, which, in turn, has profound implications for the oil market and could see the oil price rise above $90 per barrel (and potentially to the upper $90 per barrel). Illustration 1.01 Illustration 1.01 shows the daily chart of USOIL and simple support/resistance levels derived from past peaks and troughs. Technical analysis Daily time frame = Bullish Weekly time frame = Bullish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade. Longby TradersweeklyUpdated 13
USOIL gets rejected at the trend line, heading to $79USOIL gets rejected at the trend line and heading back to Fib support price of $79. 📉🐻 We should see a bounce at that level with a upside price target of $89. 📈🐻 If the support line breaks down then price heading towards $73 🧭🎯Shortby JK_Market_Recap3
WTI Ready for round 2 WTI has recently broken out from daily bearish trendline and i expect a bullish continuation in the next few days. It's going to complete a retest of the trendline and the level it's actually playing is also an important support zone. Target $94Longby CryptoForexGem6
USOIL - Moving On Up SoonUSOIL Continues in this choppy descending channel that probably signals weakness to the downside. Notice the RSI is now at a depth where previous corrective phases completed. Could be moving on up soon 👍. Not adviceLongby dRends35Updated 1110
US OIL 4HR // 15 April 2024 AnalysisUS OIL broke above the 85.00 price level earlier in April and has been between the 85.00 and 90.00 level. We can see the 85.00 level holding as a strong support level. Waiting to see what price does here. Looking for buys if it bounces back off again, if it breaks down from this price, will look for a retest before selling. by thebrowntraderUpdated 5
experiment w/ macd. experimenting w/ macd indicator. connecting trend for SMA. Crude oil see if it has any predictive properties by citsvarUpdated 0
USOIL Potential LongPrice Flow Strategy FLOW(Weekly/Daily): UP flow(4hr/1hr): down. Sells is validated in my opinion i-Flow: The intention of the BUYER FLOW looks good to me with the engulfing candle entry: Always set Stop Loss Disclaimer: This is only my opinion of what the market can do or not do. Use risk management and manage your trade according to your trading plan. Tips: Be patient and let the trade show before you act.Longby tarati.lorenzoUpdated 112
USOILUS Oil is another name for West Texas Intermediary (WTI) Crude Oil. WTI is the benchmark for Atlantic basin crude oils because of its location in the Gulf coast and central US. Longby HavalMamar10
Oil traders are making big bets..ooh, no...not really so🛢🔴Oil traders are making big bets amid geopolitical uncertainties! 3 million barrels worth of options contracts were snapped up by speculators, with 3,000 lots of June $250 call options in US crude oil trading for just 1 cent each. Is this a Hail Mary or a well-calculated move?🤔 (Source: www.bloomberg.com). The headline is very clickable, however let's look at the actual data from the exchange. It is evident that 25 putts were traded at the same time. This raises the question of whether oil prices will decline further or if we are facing a similar situation to March 2020. It is unclear what the player's expectations are and whether this is related to foreign policy or part of an arbitrage strategy.by ClashChartsTeam1
US Oil bearish retracement Ideas not advice A technical outlook for the days Double top rejection at resistance Distribution cluster formed and sharp rejection to downwards 150EMA has been it's support in the past If it breaks below distribution lows, it will confirm that it is bearish Unless all of this is either mitigated by Retail sales news or accentuated Goodspeed y'all Shortby DvnielTradingUpdated 6
Oil is still negativeWelcome . Analysis of the oil market. On the clock frame. Everything is explained in the analysis. Please comment if there is ambiguity in the analysis. Or you didn't understand anything. I will be happy to respond. Good luck everyoneShortby inv_market09Updated 9922
USOIL... keep close the channel, whats next??USOIL... still valid short below that channel. that is mentioned on chart. a straight drop expected below that region, keep close it and dont buy oil until market below that channel good luck trade wiselyby AdilHussain731333Updated 2211
DXY Hits Top of Channel, Gold/Silver Steady, Crude Oil Potty?DXY Hits Top of Channel, Gold/Silver Steady, Crude Oil Potty? The big indexes are crappy today to. Oil being down does not make sense. Gold and Silver as for sure a safety net for big money (and small money) as it's holding steady today. Manipulation to the extreme right now. If the DXY bounces down off top of channel easy money on recovery. by cowboycraig0
Crude Oil Targets $83.08 After Double TopCrude oil prices are expected to decrease from the $86.00 range to a target of around $83.08. The trend was twice rejected at the upper level of $87.70, forming a double top pattern. This pattern is confirmed as the price broke the higher low of $84.50. Now, a retracement from the $86.00 level to the target level of $83.08 is expected. Targeting : 83.08 Stop loss fixed : 87.70 (Above) Shortby ClearTradingMindUpdated 4
Crude oil - consolidation or reversal?Crude oil came under early selling pressure yesterday morning, but managed to make back some of its losses as the session progressed. Despite this, crude ended down on the day, and has fallen again today. Chart-wise, one interpretation is that both WTI and Brent continue to consolidate just below April’s multi-month highs. Yet the downside pressure has picked up this week, as is shown by the MACD above. And without a reversal in price, selling pressure may intensify. Investors continue to express concerns over the prospect of increased hostilities and further direct military action between Israel and Iran. But this has not been reflected in the price of oil. Instead, worries over the global demand outlook have resurfaced, thanks to the weakness of several recent economic data releases from China. This has been compounded by a run of hotter-than-expected US inflation numbers this year. These have forced investors to accept that interest rates are likely to stay at current levels for considerably longer than previously expected. by TylerNorcross0
WTITechnical analysis of WTI crude oil Crude oil retreats despite geopolitical risks. Crude oil is one of the most important economic resources in the world and plays a very important role in the forex market. This type of investment is often recognized as one of the most profitable opportunities in the financial markets. The importance of crude oil in the forex market is very high due to the impact of its price on the global economy, its effects on exchange rates, and the political and economic effects in oil production and export regions. To trade crude oil in the forex market, you need to have detailed knowledge and analysis about this market. Among the skills you should learn are: Knowing how the crude oil market works: knowing and understanding the prices, the effects of various factors on it, and the crude oil market trends are essential for successful trading. Technical and Fundamental Analysis: Use knowledge of technical analysis to observe price patterns and use charts to fundamental analysis to understand the economic and political factors influencing the crude oil market. Risk management: use risk management methods such as using stop-loss and determining the maximum capital for each transaction. Learning from reliable sources: Reliable pages and sites like Dr. Rezvani's page can provide you with very useful resources for teaching you how to trade crude oil and the principles of investing in this market. Hence, learning how to trade crude oil from reliable sources and experts like Dr. Rezvani will be vital and effective to help you succeed in the financial markets.06:51by Masih_Rezvani0
USOILwe found out that a trendline has been holding usoil from not heading higher that why we saw the stall around the trendline for now we are still on a 50/50 bias by Showboi-fx6
OILHello, dear traders, I analyzed the oil chart and the result of the analysis is that oil is moving upwards in the daily time frame, but we have a good confirmation that it is correcting towards the daily order block in the four-hour time frame. This modification has created two blocks of orders for us. Once the market has collected the liquidity.and reached our order block.and reached our order block, with confirmations of the 15 minute time frame which is ideal for entering a sell transaction. We are entering into a transaction. Thank you for your support Smart money concept Liquidity HunterShortby fereydoon11997
USOIL - SHORT Technical short solely based on price action and and indicator alignment. Sell: At current price= 84.494 Target = 83.013 However I am of the opinion that there is another sell opportunity at 83.901 Summary- Sell 1st Entry =84.494 2nd Entry=83.901 Target= 83.013 Caution you may wait for price to break support at 84.360 and retest it. May you please boost, follow and grow together. Shortby ForeignCapital_fx113