USOIL - likely bullish correction mid termUSOIL WTI - long accumulation from hedge funds and leveraged asset funds. Likely bullish sign for upwards momentum medium term. Longby ToshihiroHiramatsu2
OIL: After death of Iran's President The recent death of Iran's President might initially impact oil prices due to concerns about Middle East instability. However, this effect is likely to be temporary for several reasons: Limited Presidential Power: In Iran, the President's role is more executive, with real power concentrated in the hands of the Supreme Leader. Therefore, the President's death does not signify a major shift in governance or policy direction. Supreme Leader's Influence: The President, including the late Ibrahim Raisi, is essentially elected by the Supreme Leader. This ensures continuity in Iran's political landscape, reducing the likelihood of significant instability. Market Realization: Any initial market reaction based on fears of instability is expected to be short-lived. As the market realizes that the Supreme Leader's authority remains unchanged, confidence should return, stabilizing oil prices. In summary, while there may be an initial reaction in the oil market, it is unlikely to result in long-term chaos or a significant deviation from the current market direction.Longby AliSignals3
Usoil buyOil looking continues by formation for this week ... if fall again take buy order no more sell in this week Longby DNA_Trader_Officials1
USOIL enjoys relief but has an uneasy path ahead of itWest Texas Intermediate crude oil trades near $79.80 per barrel, which happens to be slightly below the 20-day SMA and the lower bound of the ascending channel. A breakout above the moving average will bolster a bullish case for oil in the short term, especially if the price closes above the 20-day SMA for multiple consecutive days; the same applies to a breakout above the channel’s lower bound. Once the 20-day SMA is broken, $80.44 and $82.25 are important resistance levels to watch out for. However, a rejection at the moving average and channel’s bound will be somewhat concerning, potentially foreshadowing further stagnation around the current price or return of weakness. Illustration 1.01 Illustration 1.01 displays simple support and resistance levels derived from past peaks and troughs. Illustration 1.02 The daily MACD of USOIL is shown above. The yellow arrow indicates a bullish crossover between the MACD line and the signal line. However, it is important to emphasize that MACD is still within the bearish area below the midpoint. Technical conditions Daily time frame = Bullish Weekly time frame = Neutral Monthly time frame = Neutral 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. Therefore, your own due diligence is highly advised before entering a trade.Longby Tradersweekly7
USOIL shortShorting the idea the fact that its a retracement move then making another leg lower. Also adding in the fundamentals that inflation is cooling and FOMC is round the corner. watch this space :) Shortby hakali1
USOIL - LONG Prices have been in a consolidation mode for the past week ending 17/05/2024. It seems seasonality is finally kicking as we saw prices bouncing at support twice, creating a double bottom pattern. On 4Hr time frame we are about to create a golden cross and on 1Hr time price are above both moving averages. Given this conditions price may open lower or retest $79.306/barrel before ascending to higher price. The longer price target is at $85.000/barrel. Summary Entry 1 = 79.306 or Open price Entry 2 = 81.273 ( If price is retesting then entry is valid) Target 1 = 82.910 Target 2 = 85.000 Risk : Reward Ratio => 2.02 Plan your trade, Trade the plan!!! Follow and Boost my ideas and Let's grow together.Longby ForeignCapital_fx2210
OIL - Getting Slippery?🩸Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 After breaking below the last major low marked in red at $84.5, OIL has been overall bearish , trading within the rising channel in blue. 📈 For the bulls to regain control, a break above the last major high marked in blue is needed. 📚 Meanwhile, OIL would be bearish and can still trade lower to test the $75 - $76.25 support zone. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst5523
USOIL 3nd 0f Inflati0n ?Hell0 ? The C0vid Caus3d The Br3ak 0f A B3arish Tr3ndline Which Had Start3d With The Subprim3 Crisis. The Cons3quenc3 Is The R3turn 0f Inflati0n And The ris3 in Rat3s F0r The N3xt Decad3. The D0llar Sh0uld Ris3 Becaus3 Th3 US Is The Larg3st Pr0duc3rs 0f 0il.by Le-tradeur-de-fortune-and-co1
USOIL On The Rise! BUY! My dear subscribers, My technical analysis for USOIL is below: The price is coiling around a solid key level - 82.13 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 83.93 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 Longby AnabelSignalsUpdated 1112
USOIL: Weak Market & Bearish Forecast Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell USOIL. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals115
Does oil take a bullish guard?📊 Due to the reduction of selling pressure in the market, if the range of 80.5 units is broken upwards and the price stabilizes above it, the price may increase to the range of 82.0 units🎯, and in the case of the strength of the range of 84.0 units🎯🎯. 📊 Otherwise, the price may fall to the range of 76.0 units.Longby arongroups9
USOILWe give attention to the highlighted area any price action we sell or buy. And moves the stop loss to the entry after 50 pips and close half tradeby hindaljasser1
Oil bullish arguments outweigh bearish to start the week offBullish because red channel breakout with kickback. Bearish because green channel breakdown with purple channel head and shoulders. Good chance it goes up to ~81 to retest neckline before going down to 75 h&s price objective, possibly 70 major uptrend support, or just goes up period. Bullish bias to start the week, need more data beyond that. Longby Skipper864
USOIL is approaching the uptrendHey Traders, in the coming week we are monitoring USOIL for a buying opportunity around 78.70 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 78.70 support and resistance area. Trade safe, Joe.Longby JoeChampion4
A must-read for trading oil If you are a friend who likes to trade oil, you can do a rebound at 77.5-77.8. Combined with the trend channel, oil will rebound to a certain extent after falling. For ultra-short-term trading, you can also buy to earn the difference. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner!Longby AA_JackUpdated 8
Sell oil. A must read if trading oil. In terms of oil, after the news of substantial persistence came to light. Oil prices have been trending downward. This is true in the medium term and also in the short term. Currently, the top of 79 serves as a pressure position and is a good selling point. The small-level target below is around the price of 77.5. Operations are still focused on selling. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner! Shortby AA_JackUpdated 4
USOILUsoil is currently at a 50/50 level where we both have the bullish and bearish scenario in play for now we wait for confirmation by Showboi-fx115
Daytrading does not workquote larry williams: "daytrading is just price price momentum." there is not a strategy that works all the time, especially the fancy looking ones like ICT buying in a "value area" are very frustrating to trade. WHY not simply buy and sell levels that every algorithm sees and trades? prior day true range (from open to close) has usually a good 50% level where you can buy on the following day with target prior days high. or short if prior day was a down day It really does not matter if price touches the prior days 50% levels 4,5,6 times just get in with a fixed stop and target your 3-4 times reward vs risk exit zone. Just get in realy with 15 min bar confirming the reversal at the desired level. Works also on nasdaq (also use the half of the day before yesterdays range as level)by responsibletrad8r2
usoil mmxm from my analysis i see the market bouncing from a monthly ifvg as internal range liquidity to externalLongby smunyao612
USOILSPOT USOIL | WTI Light Sweet Crude Oil Future SPOT 1HUSOILSPOT USOIL | WTI Light Sweet Crude Oil Future SPOT lONG EVERYTHING IN THE CHARTLongby ashkar.stars51
USOIL: The pullback provides a buying opportunity, Buy@78.3Crude oil began to rise sharply yesterday as geopolitical conflicts intensified and the situation in the Middle East became tense again. Both API and EIA reserves are negative this week, which is another good signal for crude oil. The upside of gold continues to expand with the support of data and geopolitical conflicts. At present, MACD is in the positive zone, and the overall momentum is dominated by multiple parties. There is a greater opportunity to follow the trend and be bullish. The trading volume below is inactive in the short term, and the market's bearish sentiment is sluggish. There is a high probability that bulls will launch another attack after the adjustment. Combining multiple aspects, I think the current callback is a good opportunity to buy directly near 78.3 and set 3 TPs, respectively 79/79.5/80Longby Get-rich-signalUpdated 8
USOIL Short-Term Outlook: Why We're BearishWe're looking at the USOIL market and our analysis shows signs of a short-term downtrend. Here's why: COT Reports: The latest Commitment of Traders (COT) reports reveal that the behavior of participants labeled as "Commercials" is most characteristic of a bear market. CFD Market Positioning: Oil traders in the CFD market are shifting their positions, with most now long. This could trigger a wave of stop-losses, further pushing prices down. Options Analysis: Real options portfolios on the CME exchange suggest that strategies like Bear Put Spreads are gaining popularity. These portfolios are targeting a price of around $70 per barrel. Taking these factors into account, we believe the short-term outlook for USOIL is bearish. What do you think of the market? Share your thoughts in the comments!Shortby ClashChartsTeam224