USOILFollow the trend the trend is your friend which ever direction usoil want to head into we would know as we are sitting on our hands for what usoil want to do nextby Showboi-fx8
Lower high, retracementLower high retracement near a high probability fib zone, with the uncertainty in the Middle East carrying on this could lead to a decline in the demand of oil and the green movement because EV vehicles are charging much quicker because of innovation which can cause the price of oil to experience a decline. by sanelemakhoba2
USOIL The Target Is DOWN! SELL! My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 80.97 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 79.55 My Stop Loss - 81.80 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals3313
OIL will retest 83if retest 86, could hit 90 area later no comment on retest 100 or making lower lowby salvanostUpdated 6
CRUDE OIL(WTI): Bullish Outlook For Next Week 🛢️ Crude Oil broke and closed above a key daily resistance this week. The broken structure turned into a strong demand zone. We can expect a growth from the underlined blue area at least to 82.5 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader3319
If Oil falls, Gold will rise.Oil will jump to the hole sooner or later. The impact is tremendous when it comes oil vs gold. One ascendsand the other falls. Lets see next week what will happen.Shortby Ftradorex2
Go long on lows and short on highs oil prices are up about 3% in just two sessions. Oil traders saw bullish positions pay off after an unexpected drop in U.S. inventories. The U.S. Dollar Index was trading at 103.00 following the release of the popular PPI data. The short-term (1H) trend of crude oil continued to fluctuate upward and broke through the 80 mark, testing a new high of 81.30. The moving average system is arranged in a long position, and the short-term objective trend is upward. From a high-level perspective, oil prices are about to retest resistance at the upper edge of the daily chart channel. The upper edge of this channel acts as an effective resistance to oil prices. If it breaks through, it will further open up room for crude oil to rise. oil:buy80-80.5 TP:81-80.5 SL:79.2 Longby Gavin-analystUpdated 2
Usoil down Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today. West Texas Intermediate US Crude Oil prices oscillate in a narrow range, just above mid-$80.00s during the Asian session on Friday and remain well within the striking distance of the highest level since November 6 touched the previous day. Shortby Universaltrader_129
Crude oil may fall back after rising today Crude oil fluctuated upward on Wednesday, with a minimum of 77.5 and a maximum of 79.8 that day. The daily line closed at 79.5. From the daily line, the oil price has reached the upper track. Today, the focus is on the 81 line. If it rises to around $81, will there be strong resistance above? As far as the current trend is concerned, the price of crude oil has risen to 80.3 US dollars. Waiting to see if it can reach 81 US dollars, you can make the right choice by paying attention to my signals at any time. My suggestion is to prefer shorting at high prices: shorting in the range of 80.5-81 US dollars. I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!Shortby Gold_Digger_KingUpdated 1111
Crude breaks above resistanceYesterday, the bulls finally got the breakthrough they’ve been working on for months now. Ever since front-month WTI broke below $70 in mid-December, oil has been gently pushing higher, although every attempt to break above $80 per barrel has been firmly rebuffed. But the intensity of the attack on this level of resistance picked up significantly this month. Yesterday WTI broke through and went on to hit its highest level since early in November when prices were still declining. There was no particular catalyst for the move, just a continuation of recent buying pressure. The question now is whether prices will continue higher, and if future pull-backs will find support at the old resistance level. Although there wasn’t a single trigger for the move, this week has seen several Ukrainian drone attacks on Russian refining facilities. US inventories have also seen larger-than-expected drawdowns, while forecasts for demand growth this year and beyond have been raised recently. It’s early days, but it’s possible that traders could look back on this week as pivotal for crude’s journey this year. by TylerNorcross1
Seven tips for investing in gold and crude oilThe financial market is fair to everyone. Since some people lose money, some people must make money. But if you want to make a profit in investment, there is no shortcut. You can only do your homework seriously every day and accumulate diligently like an ascetic. In addition to providing some investment experience and learning methods, I also hope to find like-minded investment friends and work together. Research. Investment does not happen overnight. Losses in the early period do not mean losses in the later period; profits in the early period do not mean profits in the later period. Therefore, friends who are losing money should not be discouraged, and friends who are making profits should not be complacent. Let yourself invest rationally with a peaceful mind. 1. Learn to establish positions, close positions and make profits "Establishing a position" means opening. Opening is also called exposure, which is the act of buying gold. Choose the appropriate gold price level And timing to establish a position is a prerequisite for profitability. If you enter the market at a good time, you have a greater chance of profit: On the contrary, if you enter the market at a bad time, you are prone to losses. "Liquidation" is a stop-loss measure taken to prevent excessive losses when the gold price suddenly drops after a position is established. For example, if you sell gold at a price of 157, and later the gold price drops to 150, you will see a nominal loss of 7 yuan. In order to prevent the gold price from continuing to decline and causing greater losses, I sold gold at the price level of 150 and ended the exposure with a loss of 7 yuan. Sometimes traders refuse to accept losses and insist on waiting, hoping that the price of gold will turn back. In this way, they will suffer huge losses when the price of gold keeps falling. The timing of "profit" is more difficult to grasp. After establishing a position, when the price of gold has developed in a direction favorable to you. You can make a profit by closing the market. For example, you buy gold at 145 yuan; when the gold price rises to 150 yuan, you have a profit of 5 yuan, so you sell the gold and make a profit. It is very important to grasp the opportunity to make profits. If the price is closed too early, the profit will not be much; if the price is closed too late, the opportunity may be delayed, and the gold price trend will reverse, with no profit but loss. 2. "Pyramid" overweighting The meaning of "pyramid" overweighting is: after buying gold for the first time, the price of gold rises. Seeing that the investment is correct, if you want to increase your investment, you should follow the principle of "the amount added each time is less than the last time". In this way, the number of incremental purchases will become less and less, just like a "pyramid". Because the higher the price, the greater the possibility of approaching the top of the rise and the greater the risk. 3. Buy (sell) when there are rumors and sell (buy) when the facts are real The gold market, like stocks, often circulates some news or even rumors. Some news turns out to be true later, and some news turns out to be nothing more than rumors. What traders do is buy as soon as they hear good news and sell as soon as the news is confirmed. Vice versa, when bad news breaks, sell immediately and buy back as soon as the news is confirmed. If you don't trade quickly enough, you may incur losses due to market changes. 4. Don’t increase your bet when you are losing money. After buying or selling gold, when the market suddenly advances in the opposite direction, some people will want to add more money, which is very dangerous. For example, when the price of gold continues to rise for a period of time, traders chase the high price and buy the currency. Suddenly the market reversed and plummeted downwards. Seeing that the traders were losing money, they wanted to add more orders at a low price. In an attempt to offset the gold price of the first order, and when the gold price rebounds, the two orders will be closed together to avoid losses. Be especially careful with this overweighting approach. If the gold price has been rising for a period of time, what you bought may be a "top". If the more it falls, the more you buy, and you continue to increase your investment, but the gold price never turns back, then the result will undoubtedly be a vicious loss. 5. Do not participate in unclear market activities When you feel that the trend of the gold market is not clear enough and you lack confidence, it is better not to enter the market. Otherwise it is easy to make wrong judgments. 6. Don’t blindly pursue integer points In gold investment, sometimes things go wrong in order to compete for a few points. After establishing a position, some people set a profit target for themselves, such as earning 200 US dollars, etc. They are always waiting for this moment to come. Sometimes the price has already It was close to the target, and the opportunity was very good, but it was still a few points short of reaching the target. It could have been a flat profit, but due to the original target, the best price was missed while waiting, and the opportunity was missed. 7. Establish a position when the volatile market breaks through The market situation refers to the volatile market. A volatile market is a sign that buyers and sellers are evenly matched and temporarily in balance. Regardless of whether it is a shock in the process of rising or falling, once the shock ends, the market price will break through upward or downward, showing a breakthrough. This is a good time to enter the market and establish a position. If the market has been in a volatile market for a long time, the market price will break through. Opening a position has a greater chance of making a big profit.by Donald-king222
Friday is approaching the weekly close, with cautious profit-tak According to the IEA's forecast, oil demand growth will decrease by 1 million barrels per day this year, to an estimated 1.3 million barrels per day. The IEA pointed out that factors such as the global economic slowdown, improved vehicle fuel efficiency and the increase in the number of electric vehicles will bring additional headwinds to oil use. In addition, the IEA has also lowered its supply forecast for 2024, predicting that oil supply this year will increase by 800,000 barrels per day to 102.9 million barrels per day. Continuous attacks by Ukrainian drones on Russian oil refining facilities caused refinery shutdowns, which in turn caused Russia's seaborne fuel exports to fall by 1.5% month-on-month in February. Separately, U.S. crude oil and gasoline inventories have fallen sharply, with gasoline prices at the pump expected to rise sharply in the coming weeks as widespread refinery shutdowns reduce supply ahead of the summer driving season. Although the IEA forecasts oil demand growth in 2024, it is still less optimistic than the Organization of the Petroleum Exporting Countries (OPEC). OPEC kept its demand growth forecast unchanged this week, still nearly 1 million barrels per day behind the IEA. Shipping disruptions in the Red Sea have forced more trade to shift to longer routes, pushing the volume of oil at sea to nearly 1.9 billion barrels, the IEA said. Although some OPEC+ members have extended production cuts, the IEA predicts that oil supply growth from non-OPEC+ countries will continue to exceed demand expansion in 2024. The IEA said there will be a slight supply shortage this year, but tankers may see some relief as large volumes of offshore oil reach its final destination. However, dovish signals from central banks suggest that the economy is emerging from the downturn, but some major economic powers are still facing weak economic data. In addition, the sharp rise in the US dollar has also put pressure on crude oil prices. Economic downturns, a surge in the U.S. dollar, and long-term high interest rates will lead to reduced demand for crude oil. Oil prices continued to rise on Thursday, hitting a nearly four-month high as the International Energy Agency (IEA) forecast a tighter market in 2024 and raised its view on oil demand growth this year. Considering the possibility of profit-taking on Friday today, do not pursue long positions directly. You can participate in long positions later after the correction of crude oil stabilizes.Longby Donald-kingUpdated 2
Potential bullish bounce on handWTI oil (XTI/USD) has climbed strongly since Wednesday 13th March. This bullish momentum could extend should price bounce off a pullback support at 80.79 which has been identified as a pivot point. Could momentum lift price towards the 1st resistance? Pivot: 80.79 Support: 78.58 Resistance: 83.52 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 ICmarkets4
WTI OIL LONG ACHATHere's what I think of PETROLE : OTE (Optimal Trade Entry) Taking advantage of liquidity. An interesting zone. Optimal Fibo. No counter-trend. That's why I'd like to see PETROLEUM rise! Longby InfiniteY1132
usoilTime Cur. Imp. Event Actual Forecast Previous 20:30 USD Export Price Index (MoM) (Feb) 0.2% 0.8% 20:30 USD Import Price Index (MoM) (Feb) 0.3% 0.8% 20:30 USD NY Empire State Manufacturing Index (Mar) -7.00 -2.40 21:15 USD Industrial Production (MoM) (Feb) 0.0% -0.1% 21:15 USD Industrial Production (YoY) (Feb) 0.03% 22:00 USD Michigan 1-Year Inflation Expectations (Mar) 3.0% 22:00 USD Michigan 5-Year Inflation Expectations (Mar) 2.9% 22:00 USD Michigan Consumer Expectations (Mar) 75.1 75.2 22:00 USD Michigan Consumer Sentiment (Mar) 77.1 76.9 22:30 EUR ECB's Lane Speaks Shortby EMDE52
WTI Oil Price Reaches 4-month HighWTI Oil Price Reaches 4-month High The International Energy Agency (IEA) has once again raised its forecasts for global oil demand in 2024. While the agency's forecast pointed to the prospect of an oil surplus in 2023, its analysts now believe that the world will experience a shortage of oil in the second half of 2024. Among the reasons for the shortage: → limitation of oil production by OPEC+ countries, it is 2 million barrels per day until the middle of the year. And it may be extended, as Bloomberg writes — the decision is scheduled for June 1; → changes in logistics routes due to Houthi attacks on tankers in the Red Sea. Also, a bullish impulse for the price of WTI oil can be provided by the geopolitical situation, which remains tense. The WTI oil chart shows that: → the price has exceeded the psychological level of USD 80 per barrel and is trying to gain a foothold there; → the price moves within the ascending channel (shown in blue); → long upper shadows on the candles around USD 81 indicate seller activity. This is where the upper boundary of the channel lies, so there is reason to consider the level of USD 81 as current resistance. Perhaps long position holders decided to take profits at the 4-month high in WTI oil prices. One way or another, given the activity of sellers and the presence of RSI indicator values in the overbought zone, this market is vulnerable to a pullback after growing by more than 4% this week. It is possible that the price will adjust to the median line of the channel. 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 FXOpen1110
Crude Oil (WTI) may rise to 81.60 - 82.00Pivot 80.50 Our preference Long positions above 80.50 with targets at 81.60 & 82.00 in extension. Alternative scenario Below 80.50 look for further downside with 79.90 & 79.40 as targets. Comment The RSI advocates for further upside. Supports and resistances 82.60 82.00 81.60 81.14 Last 80.50 79.90 79.40 Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson3
USOIL NEXT MOVE POSSIBLEUsoil looks like was under this pattren now we have best selling opportunity we can hold upto 76.60 to 73.52 its signal dont miss more updates stay tuned Usoil Sell Entry Price 78.16 Take Profit 76.70 After Break This Level Next Tp Possible Take Profit 75.47 After Break This Level Next Tp Possible Take Profit 73.52 Its Last Tp Shortby wiqi4uUpdated 111175
Market Analysis: Crude Oil Price SurgesMarket Analysis: Crude Oil Price Surges Crude oil price is rising and it could climb further higher toward the $82 resistance. Important Takeaways for Oil Price Analysis Today Crude oil prices are moving higher above the $80.00 resistance zone. There is a connecting bullish trend line forming with support near $80.60 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 started a decent increase against the US Dollar. The price gained bullish momentum after it broke the $78.20 resistance. There was a sustained upward move above the $79.20 and $80.00 levels. The bulls pushed the price above the 50-hour simple moving average and the RSI climbed toward 65. A high was formed near $81.00 before there was a downside correction. The price is still stable above the 23.6% Fib retracement level of the upward move from the $76.48 swing low to the $81.02 high. However, the bulls are active above a connecting bullish trend line with support near $80.60. Immediate resistance is near the $81.00 level. If the price climbs further higher, it could face resistance near $82.00. The next major resistance is near the $83.20 level. Any more gains might send the price toward the $85.00 level. Conversely, the price might correct gains and test the 61.8% Fib retracement level of the upward move from the $76.48 swing low to the $81.02 high at $78.20. The next major support on the WTI crude oil chart is near $76.50. If there is a downside break, the price might decline toward $75.00. Any more losses may perhaps open the doors for a move toward the $73.50 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 FXOpen2210
USOIL long to $101.30TVC:USOIL continues moving to its price target of $101.30. Then it will be in a channel for some time. After being in this channel USOIL might try to go to $108 strong price level and break it or rapidly go down to $80, or even $40. Its movement will be influenced by the possible onset of recession, a decrease in consumption by China, or the failure of the United States to agree with Iran and Venezuela on increasing oil supplies to the market. The option with a short-term and sharp recession, as in 2020, is more likely. This will restart the markets, new growth will begin. Inflation is unlikely to decrease significantly, although right now everything is moving towards that. Thoughts, not a financial advice.Longby AndreyVasylyukUpdated 7
CRUDE OIL (WTI): Bullish Trend Continues 🛢️ Crude Oil set a new higher high higher close on a daily, violating a key horizontal structure resistance. It is a strong trend-following signal that indicates that growth will most likely continue. Next goal - 82.4 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader2210
USOIL Potential UpsidesHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 80.80 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 80.80 support and resistance area. Trade safe, Joe.Longby JoeChampion4
WTI downswing ABC with date predictionthe main premise is thaat EIA has forecast supply demand balance the ew is HS into triple combo wave and looking to recovery abc towards equilibrium levels on the weekly here shown daily candles with 72 ish TP before resuming bullishness Shortby NuclearSunset6