WTIDaily timeframe oil analysis Oil can rise to the $80.7 range and then continue to correct again.by m0neyminer3
WTI-4Hmy idea about crude oil: it can be corrective from here and continue to move up in short term then reverse...Shortby kmb_traderUpdated 2
WTI on the way to 29$The price of American WTI oil is set to fall dramatically over the next few years. The target is in the region of USD 29. Only then is the price likely to move north again.Shortby Elliott-Waves-2_02
✅CRUDE OIL TIME TO BUY|LONG🚀 ✅CRUDE OIL will soon retest a key support level of 76.74 So I think that the price will make a rebound And go up to retest the supply level above at 78.00 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx113
$OIL needs to be dumped moreIn my prev. ideas shared the weakened chart of #usoil #crudeoil and this weak structure continues. Correction is necessary in mid term. Not financial advice.Shortby naphyse1
Crude Oil Back at Pivotal SupportWTI is back at a major support pivot we've been tracking for months now at 77.56/67 . A weekly close below this threshold would be needed to invalidate the yearly uptrend and exposes a possible plunge towards 75.33 and the yearly Low-day close at 72.93 . Key resistance steady at the 200-day moving average / 38.2% retracement at 79.89-80.01 . Moment of truth for the bulls - watch the weekly close here. . Michael Boutros @MBForexby FOREXcom4
USOIL: Trend analysis and operational suggestionsSo far, our USOIL signal continues to maintain a 100% winning rate, and we are preparing to make another layout today. The decline in international crude oil prices in the past two days has been mainly affected by sluggish demand. Although the peak summer travel period has arrived, fuel demand has not increased significantly. It is reported that the OPEC+ meeting in early June may decide to maintain the current level of production cuts. From the 1-hour line, oil prices fell back after rising to $80 on Monday. At present, oil prices are running between the middle and lower rails of the Bollinger Bands, and the KDJ indicator has formed a golden cross. The MACD indicator has also formed a golden cross, and the green energy column has gradually begun to increase in volume. In view of the relatively small fluctuations in the current trend of crude oil, it is difficult to continue regardless of the rise or fall, and the space is limited. Therefore, before there is no good news, do not be overly bearish or overly bullish. For intraday operations, you can refer to the 77.5-78 area for buying, and the target is the 79.4-79.8 area. Focus on the release of EIA dataLongby Get-rich-signalUpdated 3
Crude Prices Decline as Weekly EIA Inventories Unexpectedly RiseEquity Markets Navigate Macro Scenarios Amid Interest Rate and Stagflation Concerns Equity markets navigate various macroeconomic scenarios as investors weigh the risks of prolonged high interest rates and potential stagflation. HSBC suggests that greater clarity from the Federal Reserve, even if leaning more hawkish, could ease market pressures. Strategists believe this could lead to global equity gains in both a balanced "goldilocks" scenario and a mild stagflation scenario. "The exact timing of Fed rate cuts should not significantly impact equities, especially if any delay is due to economic strength," they noted in a statement. The upside for global equities both in a goldilocks and a mini stagflation scenario Technically side: The price dropped as we mentioned in the previous idea, and still trading at the bearish zone to reach 75.35. so the bearish trend suggestion will continue as long as trades under 78.78 toward 76.60 and 75.35 the price will move between 80.73 and 75.35 for this week Pivot line: 78.78 Support lines: 76.60, 75.35, 69.78 Resistance lines: 80.73, 82.24, 83.75 Shortby SroshMayi5
BUY OILLLDouble bottom formed on H1, with the confluence of Daily support area. Good opportunity to go long from here. SL below the recent low. trade safe!Longby wonderpittUpdated 4
Long in crude (look factor )We can see some good upside move here with a lower support of 77.40 Upside we can see 80-82 As we can see RSI divergance and price is taking support from lower levelLongby ParasharK112
USOIL: Crude Oil Trading Strategy, Buy@77.7So far, all of our USOIL strategies have reached the target price, with a winning rate of 100%. Yesterday, crude oil fell to the support level of $79. We did not hesitate to buy it directly. After hitting the target price of $80, crude oil began to fall and currently fell to around 77.7. From the historical trend, we can see that the oil price has started to rebound after falling to 77.8 many times. In addition, the oil price has now fallen here again and has stopped falling. This shows that there is still strong support here, so I think it can continue here. Bullish, I'm already buying. From a technical perspective, crude oil prices have shown a double bottom pattern, and there is a high possibility of breaking through the resistance of the 80 mark in the short term. The KDJ indicator formed a golden cross and then diverged upward. The MACD indicator also formed a golden cross and accompanied the energy column turning red. The short-term trend turned from weak to strong. Taken together, the weak CPI data has intensified market expectations for the Federal Reserve to cut interest rates later this year, which prompted crude oil to rebound quickly after falling to the 76.7 line. Judging from the daily chart, crude oil has formed a double bottom and is expected to continue rising to test the 80 mark.Longby Get-rich-signalUpdated 1116
Usoil buyBuy looking momentum for usoil upside breakout needed before FOMC ... stay strong with this holdLongby DNA_Trader_Officials2
USOIL BUYCould this be a possible buying opportunity for USOIL? Based on Daily TF, the market is currently stuck in a corrective range. The 2HR TF is showing a reversal chart pattern as there is added confluence of RSI Divergence. Let's see how this is going to play out.Long02:32by WiLLProsperForex2
OIL: Monday closed as First Red Day Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Yesterday, Monday, the market broke through the previous HOW and failed, closing the day as a first red day. Since the last Wednesday the market pumped up and now look like starting the backside move of a big template of pump and dump DAILY TEMPLATE (15min chart): Asia and London session mostly dumped all the day, breaking the current low of the week THESIS : In the short scenario this market can go fo a range expansion, targeting the previous LOW, it would be my main trading opportunity. In the long scenario, considering money on top at the HOW, I would be targeting the yesterday CP(HOD) or current HOW if strong momentum is presented. SETUP : Short: pump at least into previous LOD(LOW) Long: Low in place, consolidation for 30/45 min and second/third hour NY session reversal Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianniby GianniPichicheroUpdated 101012
Crude oil analysis Crude oil prices are struggling as investors weigh recent hawkish comments from the Federal Reserve despite cooling U.S. consumer inflation data last week. Fed Vice Chairman Michael Barr said on Monday that the Fed is in a good position to keep policy steady and focus on the economy. Cleveland Fed President Loretta Mester said she no longer believes three rate cuts in 2024 are appropriate. She stressed that inflation risks are skewed to the upside and given the strength of the economy, there is no harm in taking more time to collect inflation data. The probability of a 25 basis point rate cut by the Federal Reserve in September fell slightly to 60% from 65% on Monday, according to the CME FedWatch tool. In Canada, the expanded Trans Mountain pipeline (TMX) began commercial operations this month, overcoming years of regulatory delays and construction setbacks. The expansion will transport an additional 590,000 barrels per day from Alberta to Canada's Pacific Coast. Investors are now turning their attention to supply from OPEC and its affiliates (OPEC+). They are scheduled to meet on June 1 to set output policy, which will include a decision on whether to extend voluntary production cuts of 2.2 million barrels per day by some members.by RID_WKUpdated 114
oil (WTI)The right range of purchases with a risk to the right reward! Stabilization stop below 76,800Longby hamed-aghamirzaei3
USOIL's downward trend is obviousOn the daily chart, USOIL is under pressure and downward after encountering resistance from the downward trend line, and the short-term short trend is obvious. At present, the lower support is focused on around 75.5. If it falls below, it is expected to fall further, and the lower support is around 72.0. Pay attention to short selling opportunities in the 78.0-78.6 area during the day.Shortby XTrendSpeed1
Will crude oil continue to rise by 85? Crude oil started to fall from the daily high of 88 in a double top pattern, and now it has successfully broken through the key watershed of 81, and the lowest drop to around 77 has eased the decline. It has not been able to break through the 77 mark recently, indicating that there is a lot of buying support, but the trend is still bearish. As long as it does not break through the 81 mark, it will remain bearish. So today's operation can be short near the rebound of 79, and must be short if it reaches around 80, and long near the bottom of 77. Pressure: 79-80 Support: 77-76by money-making-machine-Updated 2
Buy oil now Oil prices have now entered a buying range. People who were long oil started buying. The target is above 78.3.Longby AA_JackUpdated 15
WTI/USD - LONG Trade Call on Daily time -Pole with Bullish Flag On 1D time frame, no Divergence is observed. Therefore, bullish trend should resume from Bullish flag formation breakout. One can estimate the length of breakout by using Pole as reference. This going to take couple of months. So patience is the key. My trading values are depicting on Price chart.Longby Golden_SpurUpdated 4
WTI CRUDE OIL: Neutral on 4H but at the top of the Channel Down.WTI Crude Oil is neutral on its 4H technical outlook (RSI = 44.657, MACD = -0.100, ADX = 42.834) as it has been trading sideways since the start of the month. Nonetheless, it got rejected yesterday at the top of the Channel Down and the 4H MA100, was where it got rejected last time on April 26th. We are short, aiming a the 1.5 Fibonacci extension (TP = 73.20). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Shortby InvestingScope7
USOIL PRICE BULLISH SENTIMENT WITH HOPEFUL SIGNS📈USOIL Anylisis 🔍Currently USOIL Finds itself at a crossroads caught between two vitel daily structures. Looking ahead to potential moves here are two scen to watch: 1) Bullish outlook if the market breaks the trend line and seals the deal with a solid close above a hefty resistance line forming a Substantial falling wedge on the dialy chart it might be time to gear up for a bullish ride. Traders could set their sights on a target of at least 78.8500 2) Bearish perspective: on the flip side a Breach of the crucial 76.700 support level could spell trouble for the bulls. This move would signify strong bearish confirmation possibly paving the way for a significant download plunge with a downsides Target of around 79.9500 In essence the fate of USOIL hangs in the balance with traders eagerly awaiting signals of either bullish resurgence 🚀 or Bearish dominace in a head stay tuned for Updates! 📈 Longby MrCharlie145
OIL can go long in these positions, today’s analysis and strategCrude oil technical analysis Daily resistance is 79-81, support below is 76.8-75 Four-hour resistance is 79-80, and support below is 78.3-76.8 Crude oil operation advice: Crude oil still fluctuated widely yesterday, with the lowest backtest of 78.2 starting to stabilize, and the highest hitting 79.8. Then it fell sideways, and after reaching near the previous high, it failed to break through directly, and continues to fluctuate upward today. The overall price has stabilized at the 78 mark and continues to operate in a wide range of long and short shocks. Today, we will continue to focus on the vicinity of 79-79.6. If we break through this position during the day, we will continue to be bullish first. The short-term pressure above will focus on 79.6. Once the daily line firmly holds the 79.6 mark, we can see a big rise. BUY:78.3near SL:78.00 BUY:79.0near SL:78.70 BUY:79.6near SL:79.30 Technical analysis only provides trading direction! Longby ActuaryJUpdated 3