About CFDs on WTI Crude Oil
Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times. Two major benchmarks for pricing crude oil are the United States' WTI (West Texas Intermediate) and United Kingdom's Brent. The differences between WTI and Brent include not only price but oil type as well, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil is dependent on global economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although there have been discussions of replacing the USD with another trade currency for crude oil, no definitive actions have been taken.
4H channel in WTI...Hello friends,
Considering the drawn channel and the reaction to the bottom of the channel, I expect an upward movement to the midline range.
Let's see what happens!
what is your opinion?
Good luck.
# Let's look simply
Long position on oilLooking at long for this week, based off the weekly TF the market trending up. Moving down to the lower TF waiting for to the pullback to the weekly trend line then placing a long position.
USOIL ForecastTVC:USOIL Crude oil futures rose toward $76 per barrel on Friday, cutting the 5% plunge from the prior session that took prices to their lowest since July. CBOE:OVX ended on $40.43 nearly 7 percent lower than its previous session.
Breakthrough 75.63 resistance. Still it is within acceptable devi
✅CRUDE OIL LONG FROM SUPPORT🚀
✅CRUDE OIL is trading in a
Downtrend so I am bearish
Biased mid-term however,
Oil is locally oversold so
After it retests the horizontal
Support level below at 72.50$
I think that we will see
A local bullish rebound
LONG🚀
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USOIL - LONGprice hit a key level and is now breaking out of its current channel. Entering a buy position to 78.50.
Hellena | Oil (4H): Short to support area at 72.29.Dear colleagues, I believe that the downward movement is not over yet. At the moment the price is in the formation of wave 3. I consider the support area at 72.29 as the ultimate target.
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