Oil BoilAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.Longby THE_APIS_TRADER1
Crude Oil (WTI) may rise to 78.30 - 78.70Pivot 77.50 Our preference Long positions above 77.50 with targets at 78.30 & 78.70 in extension. Alternative scenario Below 77.50 look for further downside with 77.15 & 76.60 as targets. Comment The RSI is bullish and calls for further advance. Supports and resistances 79.00 78.70 78.30 78.02 Last 77.50 77.15 76.60 Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson2
WTI Oil H4 | Pullback resistance at 50% Fib retracementWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 78.41 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 79.30 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at 76.59 which is a pullback support. 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. 68% 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.Short02:43by FXCM3
Let's see if it can climb back above the 78-dollar markEASYMARKETS:OILUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.03:35by easyMarkets1
The pros' next week analysis and strategy for crude oilMarket Analysis: Crude Oil Price Signal Bearish Acceleration Crude oil prices declined steadily below the $80.00 support and moved into a bearish zone. Important Takeaways for Oil Prices Analysis Today Crude oil prices extended downsides below the $78.00 support zone. A major bearish trend line is forming with resistance near $78.00 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 struggled to continue higher above $80.00 against the US Dollar. The price formed a short-term top and started a fresh decline below $78.00. There was a steady decline below the $77.40 pivot level. The bears even pushed the price below $76.50 and the 50-hour simple moving average. Finally, the price tested the $76.30 zone. The recent swing low was formed near $76.31, and the price is now consolidating losses. Immediate support is near the $76.30 level. The next major support on the WTI crude oil chart is near $75.00. If there is a downside break, the price might decline toward $73.50. Any more losses may perhaps open the doors for a move toward the $72.00 support zone. On the upside, immediate resistance is near the 23.6% Fib retracement level of the downward move from the $78.52 swing high to the $76.31 low at $76.80. The next resistance is near the 50-hour simple moving average and the 50% Fib retracement level of the downward move from the $78.52 swing high to the $76.31 low at $77.40. The main resistance is near a trend line at $78.00. A clear move above the trend line resistance could send the price toward $79.05. The next key resistance is near $79.90. If the price climbs further higher, it could face resistance near $81.20. Any more gains might send the price toward the $82.00 level. by Joe-ChigoraUpdated 2
WTI or USOhello everyone... the price reach the main resistance area as well reached the resistance downtrend line...price will likely pull back to support area... with today news of crude oil show high number of oil inventories. based on fundamental and technical, we should see some pull back for now... good luckShortby baigxyUpdated 5
WTI (Crude) Price Action on 15m TimeframeThere is currently seeing bullish price action on the 15m timeframe which appears to be a pullback/retracement on the 4h timeframe which is now displaying bearish price action. This appears to be preparation of lower timeframe re-alignment of the higher timeframe price action. The expectation is that price will "tap-in" at the 78.36 price point where there is identified bearish orderflow. Price is currently in Premium so we are only interested in shorts at this time. We also are using internal range liquidity (FVGs, Trandline Liquidity) below the current support as confluence for downward price movement in the coming hours. Shortby Platform_Solution1
USoil will further push Down-side After Testing TrendlineHello 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 ChartsLongby ForexMasters20003
USOIL: Crude oil trading strategy, Sell@78.2Looking at the hourly chart of crude oil, oil prices hit 76.70 to gain support. The price rebounded during the day and is now around 78.2. Judging from the strength of the two waves of decline and then rebound, the momentum of the bulls has strengthened. However, oil prices are still suppressed by the moving average system, and the current price is near the upper Bollinger Band. There is demand for a fall again in the short term. It is expected that the trend of crude oil will continue to be mainly downward. Therefore, you can consider Sell near 78.2 today and set two goals.Shortby Get-rich-signalUpdated 1124
USOIL: Bullish Continuation & Long Trade USOIL - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long USOIL Entry - 77.75 Sl - 76.34 Tp - 80.21 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals119
USOIl ANAYLSISUSOIL Forecast -------------------------------------------------------- Dear Traders, USOIL is moving in downtrend channel, and rejected from the last support zone, we need breakout for the previous weekly low then the next oil target will be lower to 72/71 zone, or to go long we need to breakout the downtrend channel with more confirmations to be determined later. Shortby Hassanberjawi2
USOIL Will Grow! Long! Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 78.14. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 82.95 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 1114
USOil short term Bullish and long term Bearish**Monthly Chart** USOil last monthly candle created a swing high with a Ring high formation which indicates a continuation of the bearish trend as it bounced from a key level at around 87.60. This month the price opened from the low of the previous candle and continues to move lower. The next level is around 70.00 and then 66.60. **Weekly Chart** The last weekly candle closed bearish which has created a different opinion on whether USOil price might continue moving lower after breaking the soft support level or bounce from it at around 75.90. **Daily Chart** I am seeing short-term bullish to break the equal highs above 80.00 level before continuing the move lower. Therefore, my long-term bias is still bearish for USOil. The plan for this week. I will only react near the low and high of the levels that I marked. Plus I will look for a confirmation candle (some calls it insurance candle).Shortby PropSignals4
USOIL Technical Analysis! SELL! My dear friends, USOIL looks like it will make a good move, and here are the details: The market is trading on 77.75 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 77.07 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Shortby AnabelSignals113
USOIL ShortUSOIL reach the High-Volume zone then react which a hesitated candle. We should wait, then we got 2 plans here: - Plan 1: Price will move UP again, test the HV zone, around 77.8 > 78 then move through HV zone to 78.6. Wail price retest 77.8/ 78 => go LONG - Plan 2: Price will move UP again, test the HV zone, around 77.8>78 then go down. GO SHORT LIMIT 77.6/ SL 78 / TP 76.5 by bubblyHope283440
USOIL - at today resistance ? holding or not??#USOIL.. well guys market strong bounce from today supporting area and now placed a high near to today resistance area. keep close it guys because if market hold it then again drop expected from here, dont be lazy. good luck trade wiselyby AdilHussain731333Updated 4
OIL: DAY 3 SHORTS in the marketHi 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): Since the previous week, we can see how this market potentially could complete the big template of pump and dump, scenario still possible if setup correctly. OIL market triggered shorts breakout traders in, typical a signal of potential strong move. DAILY TEMPLATE (15min chart): Asia session broke down into the LOW, reversing sharply in London session (pump). Currently this market is not in an interesting level to buy or sell. THESIS : Short: considering the weekly pump and dump not completed yet, I can see this market going lower, stopping all the traders long since the last week. Long: however, day 3 shorts in the market, in the new weekly cycle, can be a good reversal signal, going to stop traders short from Monday. SETUP : Short: price pumping up back to the previous HOD, consolidating for 30/45 min and dump (after the news release) Long: Market dropping down at least into the previous CP, or LOD/LOW, consolidating for a pump (this scenario is mostly likely happing on tomorrow, which is closing range of the week) 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 6613
Usoil sellUsoil again selling pressure correction completed let's do it again and again ... overall sell momentum if Stop-loss hit wait for the buy conformation Shortby DNA_Trader_Officials0
Market Analysis: Crude Oil Price Signal Bearish AccelerationMarket Analysis: Crude Oil Price Signal Bearish Acceleration Crude oil prices declined steadily below the $80.00 support and moved into a bearish zone. Important Takeaways for Oil Prices Analysis Today Crude oil prices extended downsides below the $78.00 support zone. A major bearish trend line is forming with resistance near $78.00 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 struggled to continue higher above $80.00 against the US Dollar. The price formed a short-term top and started a fresh decline below $78.00. There was a steady decline below the $77.40 pivot level. The bears even pushed the price below $76.50 and the 50-hour simple moving average. Finally, the price tested the $76.30 zone. The recent swing low was formed near $76.31, and the price is now consolidating losses. Immediate support is near the $76.30 level. The next major support on the WTI crude oil chart is near $75.00. If there is a downside break, the price might decline toward $73.50. Any more losses may perhaps open the doors for a move toward the $72.00 support zone. On the upside, immediate resistance is near the 23.6% Fib retracement level of the downward move from the $78.52 swing high to the $76.31 low at $76.80. The next resistance is near the 50-hour simple moving average and the 50% Fib retracement level of the downward move from the $78.52 swing high to the $76.31 low at $77.40. The main resistance is near a trend line at $78.00. A clear move above the trend line resistance could send the price toward $79.05. The next key resistance is near $79.90. If the price climbs further higher, it could face resistance near $81.20. Any more gains might send the price toward the $82.00 level. Start trading commodity CFDs with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen. 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 FXOpen227
USOIL: Oil prices have turned downUSOIL: Oil fees have became down. In the fast time period, there are symptoms and symptoms of breaking the preceding growing channel. Besides, the fast-time period accumulation region around $77 -seventy nine is likewise displaying a main weak point withinside the context that OPEC+ has finished its discount goal and is making plans to boom production. In the fast-time period destiny scenario, it's far in all likelihood that OIL will drop to deeper charge levels. You can watch to promote with short-time period expectancies of around $75/1 barrel.Shortby Chart_MasterPro1
Oil Prices Dip Amid Rising U.S. Inflation and Steady OPEC DemandOil prices fell early Tuesday following a report that U.S. inflation increased more than anticipated, diminishing prospects for a reduction in U.S. interest rates. Meanwhile, OPEC maintained its positive demand forecast for 2024. West Texas Intermediate crude for June delivery decreased by $0.47 to $78.65 per barrel, and July Brent crude, the international standard, dropped by $0.46 to $82.90. The U.S. Bureau of Labor Statistics reported that the producer price index (PPI) for April rose by 0.5% from March, a higher increase than the previous month's 0.3% and surpassing the predicted 0.3%. The core PPI, which excludes food and energy, climbed 0.4%, exceeding both the previous month's 0.2% and the anticipated 0.2%. This data, indicating that U.S. prices are continuing to rise beyond the Federal Reserve's 2% target, lessens the likelihood of a rate cut from the current 23-year highs before the end of the year. The U.S. consumer price index for April, expected to show a 3.4% annual increase down from 3.5% in March, will be released on Wednesday. The price already 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 previous idea: Shortby SroshMayiUpdated 13
US OILMaking a bearish flag and already broke down below the pole. hence taking entry on 0.382 fib retracement level. Shortby orchidwings_140