USOIL Potential UpsidesHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 84.90 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 84.90 support and resistance area. Trade safe, Joe.Longby JoeChampion6
Crude oil rises, can it reach $90? WTI crude oil futures fluctuated higher, trading at $84.89 per barrel, an increase of 1.09%. Since March 27, oil prices have continued to rise and have hit a five-month high. During the European session, WTI crude oil prices continued to rise, hitting $85.42 during the session, before falling slightly during European midday trading. To some extent, oil's rally is managing to emulate gold, which has also seen a steady increase in buying since the start of last week. The recent rise in oil prices can also be attributed to signs that China's economy is accelerating, as well as continued strength in U.S. manufacturing data, which bodes well for energy demand. These all suggest that oil prices should rise further, with the line chart showing that oil prices have accelerated since the second half of March, with the upper boundary of the ascending channel turning into support last week. We are also watching for a "golden cross" to form, which may attract more speculative buying in the coming days. The target is around $90.Longby Jerome-LeonUpdated 115
Oil Price Forecast: A Potential Bullish ScenarioThe latest COT report, combined with the activity in the options market and technical and graphical analysis, suggests a potential bullish scenario for oil prices. The COT report indicates a bullish market sentiment for oil, with an increase in bullish commitments compared to the previous report. Recent activity in the options market suggests that traders are expecting oil prices to rise within the range of 82 to 86 in April this year. Technical and graphical analysis identifies push the range boundary, which could signal a bullish trend if the price manages to break through these levels. !!!This forecast should be treated as a starting point for further analysis and decision-making. !!!! It is important to note that market sentiment can change rapidly, and the forecast should not be considered as a guarantee of future price movements. Longby ClashChartsTeamUpdated 4
WW3 WindsAccording to the famous bullish triangle of the Elliot analysis technique We can see the lack of volume in the beginning of triangle and the whole (ABCDE) scenario , After the last retracement of oil market we shall see Great impulsive action in the market. The projection above the targeted area could be a potential warning of WW3 Shortby mucer2
XTIUSD LONG TERM SELLING TRADE ANALYSISHello Traders In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET today XTIUSD analysis 👆 🟢This Chart includes_ (XTIUSD market update) 🟢What is The Next Opportunity on XTIUSD 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 ChartsShortby ForexMasters20000
How to Identify weakness in Uptrend - USOIL WTIIn chart it is discussed about the uptrend of USOIL chart and how to find weakness in uptrend. This chart is only for educational purpose. Please do your own study before taking any trading decisions.Short05:04by be_you_akshay1
Crude oil pushes higher Crude oil continues to push higher. Front-month WTI is currently trading well above $85 per barrel, which is its highest level since the end of October last year. The rally began three weeks ago, after crude punched through resistance at $80, a level that had held it back since November. It briefly tested $80 as support. That held quite comfortably, setting up crude for its current move. Tensions continue to mount across the Middle East, and many analysts predict that a break-out of hostilities beyond Israel’s borders is inevitable. At the same time, Ukraine and Russia have increased attacks on each other’s energy infrastructures, raising concerns of supply disruptions. Then, recent data releases continue to show that the US economy is surprisingly strong. Monday’s better-than-expected ISM Manufacturing PMI along with today’s large increase in ADP Payrolls have boosted confidence in the economy, which is the biggest consumer of crude oil. Meanwhile, the poor ISM Services PMI, also released today, was ignored. Over the weekend, we also saw a sharp uptick in China’s Manufacturing PMI. This added to mounting evidence that China, the world’s largest crude oil importer, is turning a corner and that its economy is recovering. Today’s large build in US crude inventories was overshadowed by big drawdowns in gasoline and distillates, and the poor ISM Services PMI was shrugged off, suggesting that the path of least resistance is up, for now. by TylerNorcross0
WTI aka USOILhello everyone, my last analysis came true (for short position).. price is becoming bullish in the weekly timeframe as of now, however there will be more manipulation next week with the major news (NFT and FOMC meeting)... price is trading above the support level, candle closing above the support level would indicate a possible swing trade. However monthly candle is still bearish (use caution as this could be just minor correction to tp1) .. DXY is bearish so far the expected target is 99 (support level) (short position)... dxy is trading below support level 101.7... For all Canadian here: Buy HOU EFT stock when WTI/USOIL is bullish good luck to everyone.. Longby baigxyUpdated 3
CRUDE OIL TO HIT $160?😳 (12H UPDATE)Oil is up 22.30% (1,566 PIPS) from our supply zone, which was posted live for you all. Oil currently sitting at 6 month high📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!Longby BA_Investments5
CRUDE OIL TO HIT $160?😳 (2D UPDATE)Oil prices are up 22.30% (1,566 PIPS) from our green supply zone, which was posted live for you all. Oil currently sitting at 6 month high📈 Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW! Longby BA_Investments4
USOIL (WTI) H4: USOIL WILL BE OBSERVIED BULLISH USOIL (WTI) H4: USOIL WILL BE OBSERVIED BULLISH Dear traders i suppose that upward movement its not over yet the price is forming multiple Zigzag . i will expect price will be touch support zone $79.7 to $79.4 having finished wave X. after that upward movement continue to $83 to 86$ and follow given areas in chart UOOIL will continue analyse as long as it does not fall bellow $78.85 any h4 candle it w ill be bullish all weekLongby Investing_HoursUpdated 4
WTI OIL Big rally ahead unless it breaks below the 1W MA100.WTI Oil (USOIL) hit our long-term 82.50 Target last week, a call made early this year (January 12, see chart below) when the price was still at $74.33: At the moment, the price sits above the 1W MA100 (green trend-line) for the first time since the week of October 23 2023, as the week opened above it. This calls for an upward extension similar to the September 04 2023 1W MA100 bullish break-out. As long as the 1W candles close above the 1W MA100, we will stay bullish, targeting the 18-month Resistance Zone (red) at 92.50. If Oil closes a 1W candle below the 1W MA100 though, we will take the loss and open a short instead, targeting the 1W MA50 (blue trend-line) and Higher Lows trend-line at 79.00. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot1119
Crude oil hits new highs, if it falls back, you can go long At present, due to the intensification of international geopolitical conflicts, market supply concerns have once again heated up. At the same time, manufacturing data in the United States and China have rebounded, and demand-side expectations have increased. The dual benefits on both sides of supply and demand have stimulated the rebound of crude oil. Technically, the continuous positive closing continues to test the upper pressure level. . In terms of operation, we will focus on the pressure level near 85, and the gradually moving upward support near 82. We will support the bullish trend by stepping back, but do not consider aggressive pursuit of the increase. Crude oil is short around 84.4, stop loss is 85.2, target is below 82.6 Go long near 82.3, stop loss 81.5, target above 84 Ideas are for reference only. Profit and loss are at your own risk. Investment is risky. Please be cautious when entering the market.by Donald-kingUpdated 0
WTI - Levels for Daily tradingThree lines are drawn based on three levels of the Volume Profile (VAL-POC-VAH). These three lines can be used as support or resistance levels for daily trading.by ihosseinmousavi0
USOIL focuses on support near 84.0On the 4-hour chart, USOIL fluctuates upward, and bulls have the advantage. At present, the market has closed out a 2 pinbar pattern. In the short term, we can pay attention to the support near 84.0. If it rebounds and stabilizes, it will continue to rise. The upward target is towards the 87.0-89.0 area.Longby XTrendSpeed1
Crude oil continues to be bullish after correctionCrude Oil Technical Analysis Daily resistance is 82-83, support below is 80.45 Four-hour resistance is 82.5, support below is 80.5 ✅Crude oil operation suggestions: Crude oil prices edged higher as a weaker dollar and renewed geopolitical tensions in the Middle East and Eastern Europe heightened concerns about supply disruptions. Recent Ukrainian attacks on Russian oil infrastructure have caused disruptions at Russian refineries, with at least seven refineries hit this month alone. This increases demand for available crude oil transportation. Looking at crude oil from the daily chart level, after reaching a new high around 83, oil prices showed a downward adjustment pace. The strength of its pullback is limited. The rise remains unchanged in the medium term. BUY:near 81.71 BUY: near 80.50 SELL:near 84.00 Technical analysis only provides trading direction! Longby ActuaryJUpdated 1125
USOIL (H4) : Bullish and BullishUSOIL (H4) : Bullish and Bullish Focusing on the FOMC's monetary policies, WTI corrects to almost $82.40 due to profit booking. West Texas Wednesday's Asian trading hours saw an inclination in the price of intermediate oil to around $82.40 per barrel as investors booked profits and crude oil prices pulled back from their recent highs. In addition, the market has taken a cautious approach in front of the US Federal Reserve's interest rate announcement. 💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰 COMMENT, FOLLOW and SUPPORT. 💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰 by Ali_ExplorerUpdated 1117
Usoil at the current market price of 8198.8. Establish Consider initiating a buy position for Usoil at the current market price of 8198.8. Establish multiple take-profit targets to optimize potential gains: firstly at 8260.7, secondly at 8290.6, then at 8380.1, and finally at 8490.1. Diversifying your profit-taking strategy across various price levels can help capture gains at different market conditions. It's essential to mitigate downside risks by setting a stop loss at 8020.8, safeguarding your investment against unexpected market fluctuations. Remember to regularly monitor market movements and adjust your trading plan accordingly to maximize potential profits and minimize losses. Developing a disciplined approach to trading can enhance your chances of success in the volatile oil market.Longby FOREX_trade_01Updated 33133
Crude oil pressure is obvious, bulls are cautious U.S. crude oil inventories continue to rise, and short-term demand concerns have also increased. However, as expectations for U.S. interest rate cuts have increased, the loose atmosphere has given crude oil some support. At the same time, short-term supply-side pressure has increased as geopolitical conflicts intensify. Crude oil also stretched again after repeated repetitions. Technically, longs and shorts closed alternately. The top still focused on the pressure around 84, but did not chase the rise too much. by Donald-kingUpdated 2
WTI UPDATE - 03 - 04 - 2024 "Investors are eyeing an opportunity with a target price (TP) set at 86,000, coupled with a stop-loss point at 84,000, indicating a strategic approach to managing risk and maximizing returns in the market. This vision suggests a calculated investment strategy, where traders are aiming to capitalize on potential gains while mitigating losses. The decision to buy is influenced by not only technical price levels but also the fundamental strength of the asset, possibly reflected in its price-to-earnings (PE) ratio. This approach reflects a blend of technical analysis and fundamental research, highlighting a comprehensive approach to trading or investing." Shortby FdidineYahya1
✅CRUDE OIL RISKY SHORT🔥 ✅CRUDE OIL is retesting a key resistance level of 85.95$ So I think that the price will make a pullback And go down to retest the demand level below at 84.63$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx112
WTI Oil H4 | Falling to 50% Fibonacci supportWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 82.362 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 80.000 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at 85.876 which is a level that aligns with the 78.6% Fibonacci projection level. 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. 66% 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.Long03:26by FXCMUpdated 7
WTI UPDATE - 02 - 04 - 2024"Investors are eyeing an opportunity with a target price (TP) set at 86,000, coupled with a stop-loss point at 84,400, indicating a strategic approach to managing risk and maximizing returns in the market. This vision suggests a calculated investment strategy, where traders are aiming to capitalize on potential gains while mitigating losses. The decision to buy is influenced by not only technical price levels but also the fundamental strength of the asset, possibly reflected in its price-to-earnings (PE) ratio. This approach reflects a blend of technical analysis and fundamental research, highlighting a comprehensive approach to trading or investing." Shortby FdidineYahya2