USOIL: Bullish Forecast & Outlook Balance of buyers and sellers on the USOIL pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals111
CRUDE OIL (WTI): Potential Scenarios For Next Week 🛢️ Crude Oil is consolidating after a strong bullish wave. The price formed a horizontal range on a daily. Next week, wait for a breakout of one of the boundaries of the range for a confirmation. Bearish violation - a daily candle close below a support of the range, will give you a strong bearish signal. A bearish continuation will be expected to 83.0 level then. Alternatively, a bullish breakout of the resistance of the range - a daily candle close above, will push the prices higher to 89.0 level. Wait for a breakout, it will give you a strong confirmation. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader8810
USOIL Is Bullish! Long! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 85.37. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 87.36 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider112
Crude short sidePrice is kind of forming a Head and shoulder pattern between the red lines at the bottom of a long bearish run that began from the peak of Russia Ukraine war in early 2022. Price has completed forming left shoulder and head, not its in the right shoulder. There are two possibilities when price reached the red resistance line. Break the resistance or respect the resistance. Price action suggest the price respected the resistance. Price traded above the resistance but came back within the range to close below the resistance in daily and 4H time frame. Also the black resistance line comes from the 2022 peak. That for broken now. That broken resistance needs retesting. There is a small possibility that price can consolidate here and try to move higher but moving lower has more valid reasons. by Guna12232
Crude Oil Technical Analysis Real-time crude oil market analysis: Futures crude oil prices are rising slowly, with real-time quotes at 86.8. Let’s first look at the position breaking situation between the hourly upper rail of 87.2 and the hourly lower rail of 85.8. If the position breaks upward, pay attention to the pressure range formed by the 4-hour Bollinger Band upper rail of 87.5 and the 4-hour error upper rail of 88. Above, focus on the 89 integer mark. In terms of support, pay attention to the hourly lower track of 85.8, followed by yesterday's low support position of 84.6. For defensive support, look at the weekly MA5 moving average of 83.6. Overall, crude oil prices are rising slowly and gradually breaking through highs, but the span of increase is not large. The European market is tentatively set to fluctuate in the range of 87.5-85.8, and the market will continue to trend after subsequent breaks.Longby Jerome-LeonUpdated 6
Oil Prices Surge on Rising Tensions in the Middle EastOil prices surged today, reaching their highest level since October 2023, amid heightened geopolitical tensions between Israel and Iran. The increase comes as Israel braces for a potential retaliatory strike from Iran following a recent Israeli attack on an Iranian diplomatic compound in Syria. This latest development adds another layer of uncertainty to the already volatile global oil market. Concerns about potential disruptions to oil supplies from the Middle East, a region that accounts for roughly one-third of the world's crude oil output, are driving prices higher. Rising Tensions Fuel Oil Price Rally News reports, citing sources familiar with the matter, suggest that Israel is preparing for a possible attack from Iran or its proxies in the coming days. This follows the Israeli airstrike on the Iranian diplomatic compound in Syria last week, which was widely seen as a significant escalation of tensions between the two nations. The United States and its allies believe that a major missile attack by Iran is imminent. This perceived threat of a wider conflict in the Middle East has sent shockwaves through the oil market. Investors are concerned that any military confrontation could disrupt oil production and exports from the region, leading to a significant supply shortfall. This perception of risk is reflected in the options market, where traders are actively buying call options – contracts that give the buyer the right, but not the obligation, to purchase oil at a certain price by a certain date. The increased demand for call options suggests that many investors are anticipating a further rise in oil prices. Analysts Weigh In: Bullish vs. Cautious Analysts are divided on the potential impact of the current situation on oil prices. Some, like those at Commerzbank, believe that a direct confrontation between Israel and Iran would be a "game-changer" for the oil market, leading to a significant and sustained price increase. Others, however, are taking a more cautious approach. The International Energy Agency (IEA) released its monthly report today, downgrading its outlook for global oil demand this year and next. The report cites the ongoing economic slowdown in China, the world's largest oil importer, as a key factor behind the downward revision. Beyond the Middle East: Other Factors at Play While the Israel-Iran tensions are currently the dominant factor driving oil prices higher, it's important to remember that other factors are also at play in the global oil market. • Limited Spare Capacity: OPEC, the world's leading oil producer cartel, and its allies, known collectively as OPEC+, have limited spare production capacity. This means that if there is a disruption in oil supplies from the Middle East, it will be difficult to quickly replace the lost barrels. • Geopolitical Risks Beyond the Middle East: Recent attacks on Russian energy infrastructure by Ukraine have also contributed to the overall sense of unease in the oil market. • Post-Pandemic Recovery: The ongoing global economic recovery from the COVID-19 pandemic continues to drive up demand for oil, particularly in transportation sectors. The Road Ahead: A Balancing Act The future path of oil prices will depend on how the situation in the Middle East unfolds. If a wider conflict is averted, oil prices could moderate somewhat, especially if the IEA's concerns about slowing demand materialize. However, if tensions escalate and there is a significant disruption to oil supplies from the Middle East, then a sustained price increase is highly likely. Additionally, how OPEC+ responds to the evolving situation will also be a key factor. The cartel is currently scheduled to meet in May to discuss production quotas. If they decide to maintain their current production levels or even cut output, it could further tighten the market and push prices even higher. Impact on Consumers and Businesses Rising oil prices have a ripple effect throughout the global economy. Consumers are likely to see higher prices at the pump, as gasoline and diesel costs typically track the price of crude oil. Businesses that rely heavily on oil and other energy sources will also face higher input costs, which could lead to higher prices for goods and services across the board. This could further dampen economic growth, especially in countries that are already grappling with high inflation. Conclusion: A Volatile Market with High Stakes The oil market is currently in a state of high uncertainty. The rising tensions in the Middle East are a significant risk factor, but they are not the only factor at play. The interplay of supply and demand dynamics, the actions of OPEC+, and the overall health of the global economy will all play a role in determining the future path of oil prices. In the short term, oil prices are likely to remain volatile as investors grapple with the potential for a wider conflict in the Middle East. In the long term, the outlook for oil prices will depend on a complex mix of factors, making it difficult to predict with certainty where they will go from here. Longby bryandowningqln1
USOIL LongHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 85.10 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 85.10 support and resistance area. Trade safe, Joe.Longby JoeChampion6
WTI CRUDE OIL: Going to $100 by end of May.WTI Crude Oil is on very healthy bullish levels on the 1D time-frame (RSI = 63.780, MACD = 1.930, ADX = 37.316) as well as on 1W (RSI = 60.882). This supports the notion that until 1W turns overbought, the 1D can continue to sustain the bullish sequence that started on the December 13th 2023 low. Having formed a 1D Golden Cross just this Tuesday, the last time we got that formation was on August 22nd 2023. You can see that WTI was within the 0.5 - 0.618 Fibonacci range then and immediately rallied after the Cross to complete a +49.50% rise from the bottom. We expect a similar trend reaction and we are targeting slightly under the symmetric +49.50% mark (TP = 100.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope8
Usoil-Analysis and Trading Strategies Israel has withdrawn more troops from southern Gaza and pledged new talks with Hamas on a possible ceasefire, easing concerns about the risk of further escalation in the conflict and disruption to Middle East crude supplies. The current oil 4H and 1H charts show that the possibility of oil falling is very high, and it has been in the 87-87.5 range without breaking through. Today, the support of oil is still around 84.5. Only if it falls below this support point, will there be any A wider range of decline If it falls below 84.5 today, you can choose to buy in batches in the 83.6-83.3 range, SL: 82.8 If it continues to rise today and breaks through 87.5, you can sell in batches at 87.8-88.2, SL: 88.8 The above trading strategies are for your reference. The market changes rapidly. I will send the specific trading strategies to my VIP customers. I hope everyone will make a profit today. The above strategies are for your reference. Join me and I will analyze how to trade every day. by UnknownUnicorn68604160Updated 3
Usoil tp hitAs we predict usoil tp hit successful multiple entries big profit 1:5 ratio completed Who are all taken order with my signal thumbs up please Longby DNA_Trader_Officials2
USOIL BUYING ON DIPS !!! WAR WAR WAR..HELLO TRADERS !! As i can see USOIL is going to these design levels because of technical analysis and fundamentally issue around the world war escalating around the middle east and US is involved in so $ is dumping against everything even the higher inflation is giving a hard time to Americans lets see ... its just an trade idea share ur thoughts with us we love ur support and comments Longby GOLDEN_FOREX_TRADERUpdated 1115
US OIL - Quick short for some quick bucks.It looks bearish for the next couple of days. Lets see. Disclaimer - I am no expert/ advisor. Just sharing an observation.Shortby nahso89Updated 2
USOIL Potential LongPrice Flow Strategy - 1hr Chart Analysis FLOW (4hr/Daily/Weekly): UP flow (1hr): down but a little shy. Might be looking at another price move to the downside to confirm the down flow. i-Flow: is the FLOW intentionally returning for the price given? entry (5min/15min): Always set a SL Longby tarati.lorenzoUpdated 112
USOIL, Bullish trend.USOIL / 1D USOIL / 1D Hello traders, welcome back to another market breakdown. Crude Oil traded lower earlier in the week after a small pullback bear trend. The bears got 3 pushes down, forming a wedge pattern. They want a retest of the June or May lows, followed by a breakout below. The bulls see the current move down simply as a bear leg within a trading range. They want a reversal from a wedge bull flag (Oct 6, Nov 16, and Dec 13) and a higher low major trend reversal. They hope to get a retest of the September high. Crude Oil remains in a 71-week trading range. Traders will Buy Low and sell High in trading ranges until there is a breakout with sustained follow-through buying/selling. At the moment, the market is trading near resistance, traders should wait for the next pull-back and look for buys. Trade safely, Trader LeoLongby Leo-btm7717
Crude oil fluctuates and rises, and is about to go up WTI crude oil prices rose choppily despite a somewhat downbeat inventory report from the U.S. Energy Information Administration (EIA) and a stronger-than-expected March consumer price index (CPI) report (which may further delay the Federal Reserve's first rate cut). The current geopolitical environment continues to provide support for oil prices. Crude oil real-time market analysis: The 4-hour upper track pressure is at the 87 mark. The daily SAR indicator has appeared at a high level and diverged downwards since yesterday. The current extension point is at the 87.5 line. The defensive resistance lies in the daily Bollinger Band upper track position of 88.1. If crude oil prices break down, focus on the 84 mark and the daily MA5 moving average of 83.5. On the whole, crude oil prices continue to fluctuate at high levels, and it is enough to maintain the high-sell-low-low mentality until it breaks the range. U.S. trading strategy: Crude oil is recommended to go short in batches at 86.9-87.5, stop loss if it breaks 88.2, target 86-85, hold if it breaks below 84; go long when the low hits 84.5 (±2 points) for the first time, stop loss 83.7, target 85.5 -86.2;Longby Jerome-LeonUpdated 2
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
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