USOILAsian high raid. Looking for buys in the London session. Price has given an entry in the ltfLongby hskarue1
OIL #WTIC ticking higher into the $90'sNice little inverse head and shoulders Yep! #Inflation is sticky & persistent High prices for goods & cost of living not only to remain high but if the #fEd starts dropping rates expect another spike up Longby BallaJiUpdated 114
Market Analysis: Crude Oil Price ConsolidatesMarket Analysis: Crude Oil Price Consolidates Crude oil is attempting a fresh increase above the $85.00 zone. Important Takeaways for Oil Price Analysis Today Crude oil is consolidating above the $84.00 support. There is a connecting bearish trend line forming with resistance near $85.60 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price found support near the $84.00 zone against the US Dollar. The price formed a base and started a recovery wave above $84.50. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $85.99 swing high to the $84.33 swing low. The hourly RSI is near the 50 level, but the price is struggling near the 50-hour simple moving average. Immediate resistance is near the $85.35 level. There is also a connecting bearish trend line forming with resistance near $85.60. It is close to the 76.4% Fib retracement level of the downward move from the $85.99 swing high to the $84.33 swing low. A clear move above the trend line resistance could send the price toward the $86.40 resistance. Any more gains might send the price toward the $87.00 level. Conversely, the price might start a fresh decline from the $85.35 resistance. Immediate support sits near the $84.35 level. The next major support on the WTI crude oil chart is $84.00. If there is a downside break, the price might decline toward $82.50. Any more losses may perhaps open the doors for a move toward the $81.20 support zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen228
Resistance overhead?WTI oil (XTI/USD) has made a bullish reaction off the pivot and could potentially rise towards the 1st resistance. Pivot: 85.20 1st Support: 83.52 1st Resistance: 86.89 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets1
Usoil buyBuy trend continues conformation higher high formation ...let's rock buddy go with buy small time frame small risk 1:2 ratioLongby DNA_Trader_Officials1
Oil looks to be repeating itself... Bullish fundamentals are potentially setting up 'higher-for-longer' oil prices. I think we might see a retrace down to the trend-line area given how far we have extended. Although, in any case be ready to jump on a bullish move. If we start creating downtrend structure then sentiment might have shifted, noting US / EURO growth rates / interest rates are also being looked at by institutions as key demand factors. Longby calvin_graham2
WTI Oil H4 | Falling to pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 85.03 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 83.60 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at 88.12 which is a pullback resistance. 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.Long03:59by FXCMUpdated 112
USOIL: Unraveling Current Market DynamicsThe analysis of USOIL (West Texas Intermediate) takes into account multiple factors influencing the current oil market. Geopolitical tensions: Growing tensions in Gaza and concerns about potential attacks from Iran in the Middle East are adding a risk premium to oil prices. These events could lead to disruptions in oil supply, increasing price volatility. Supply concerns: The OPEC's warning about a possible market shortage during the summer indicates concern about the balance between supply and demand. If supply fails to meet expected demand, prices could further increase. Economic factors: Pressure on the US dollar, along with disappointing unemployment and US Producer Price Index (PPI) data, has contributed to weakening the dollar. However, a weaker dollar could make oil more attractive to international buyers, increasing demand and supporting prices. Technical outlook: Technical analysis suggests that oil prices are rising, with WTI approaching $90. If the resistance level at $87.12 is surpassed, prices are expected to reach $90 and even $94 in case of further geopolitical tensions. However, support levels at $83.34 and $80.63 could offer a rebound opportunity if prices were to decline.Longby Forex48_TradingAcademy112
Oil Ready break 80 $ ? Final Target 89$Dear Traders, i expect price will break 80$ sharp to target 86$ we had 4-5 Times Retest 79 Area ,seems finally break easy, Also we have fundamental News (Russian Sanctions List) Invalidation Level : 71.3 Target 1 : 80$ Target 2 : 85$ Target 3 : 89$ Dont Forget like&Comment please ! regards, Alireza! Longby alirezakUpdated 2244
New OIL Bullish Trend Is Just Confirmed 👉 Clear Bull Flag Formed At The Chart And The Price Perfectly Bounced From The 68$ Support Area And Also There Is a Nice Breakout From The Trend Line, Its a Confirmation Of The New Bullish Move Toward a 115$ As a Short 🚨 170$ Is a Next Main Target And If This Scenario Happens It Means We Will Have a High Level Of Crisis Around The WorldLongby Bullish_Traders115
USoil buy USoil uptrend already now smaller time frame bullish breakout happened 😳 ... another bullrun expected Longby DNA_Trader_Officials2
OILUSDAs you can see, OIL is currently in an uptrend. The zones with the highest volume profile are indicated by red ray lines. I believe there is a further upside move on OIL.by NsnjrglBil2
Simple chart analysis for OIL updateA to B of ABC correction finished. B to C starts new.Longby FtradorexUpdated 112
WTIOIL - Range BoundAfter taking a rally the USOIL is in range. The Chart is marked with Support & Resistance level with Entry Point and TP mentioned.Longby kiki_crypto1
USOIL: SELL @ 86.3-86.8 Yesterday, EIA was good for shorts. The market rebounded quickly after falling. It is now near the resistance level (86.3-86.8). The indicators show that shorts have the advantage, so the transaction can be sold in the resistance range first. The support is 85.6-85.2, which can be used as the TP level. If it falls below the support, look at the 84.4-83.3 range below. Pay attention to the rebound after falling below the support, and focus on the vicinity of 85.8. If there is no breakthrough, you can sell a second time. Then continue to pay attention to the support range. If the support is valid, close the short position and go long. If the support falls below, 84.8-84.4 can be used as the TP target.Shortby Allen_ExUpdated 4
Does the rise of oil continue?📊 According to the upward movement momentum of the price, if the range of 86.5 units is broken and the price stabilizes above it, the price may increase up to the range of 87.5 units🎯, and in case of the strength of the range of 88.5 units🎯🎯. 📊 Otherwise, the price may fall to the range of 84.4 units.Longby arongroups5
Drop in Oil Price Sell...After a bull run the consolidation suggest a retrace and a drop from the Liquidity area. The rejection from 4 hr setup backs the idea for a sell offShortby TradeHubLiveUpdated 8
Oil: Thoughts and analysis Today's focus: Oil Pattern – Continuation? Support – 85.38 Resistance – 87.37 Hi, traders; thanks for tuning in for today's update. Today, we are looking at oil on the daily. After a surge from the USD caught a lot of attention yesterday, we are watching oil after it rejected a push lower by sellers and continues to hold in a potential continuation type set-up. Do you think that price is showing signs of a continuation? Could a close above yesterday's high signal a new move higher that could test resistance at 87.37? Watch out for a new move lower that tests the 85.50 area, as that could be a sign that sellers have more numbers than first thought. Good trading.Long04:53by Eightcap3
US OIL intraday levelsus oil intraday levels for today 11/04/2024 us oil trend is bullishby suyog221880
🔥🔥🔥100% profit signal✅✅✅All trading signals this week are profitable, congratulations! This is a surprise that the market gives us. It only takes 1 hour to trade every day, and you can easily change your life!Shortby Gold_daily_analysisUpdated 0
USOILOil makes a nice triangle consolidation on the breakout we may look for a rally towards $90 a barrel, wait for breakout to confirm bullish momentum.Longby ZenFlo442
Oil is Ready for aim Higher as a mother of Commodity?from my last post seems oil hard to finding the support. there is probability after the EIA Annoucement and FOMC oil will go higher above my target. its aiming 88-90 . beware there is a chance to go 82-83 before (80 at last) before we go higher for this month. (please dont risk more than 2% in trade) watch your risk management. Good Luck. i try to always we will keep you all updated . Please don't forget to like, comment and follow to support me, i really appreciate you support ! Goodluck i'll help you to have a great trade. Please using good money management. dont take any emotional trade. Note: Dont risk more than 0.2% on trending market Dont risk more than 1% on ranging market Wish good luck for all people. Please help support me by Clicking like button, and if you like my ideas please follow me and support me. i Relly Appreciate it! i'll make more and more great analysis if this chanel grows. on Gold, eurusd, gbpusd and oil specially. what do you think? please comment and rate below. Thankyou.by LaurentWilvyneUpdated 113