CRUDE OIL (WTI): Gap Should Be Filled 🛢️ We see a nice gap down on WTI. As always, there is 80% chance that the gap will be filled. I already see an intraday price action confirmation. Goals: 86.6 / 87.4 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader4421
Oil Markets Right Now; Predicting Future MovesHey Traders, The rollercoaster that has ensued on Oil Markets is a very interesting one. From absolute lows, to absolute highs, every corner of the Market more or less has been explored. The picture around Covid in 2020 was bleak. Oil prices went below freezing and people were paying others to take their oil away, as it was more cost effective rather than paying to store it. This, was most certainly a fantastic time to buy and represented what was a completely sentiment sell off driven market. It was inevitable that everyone would again need oil at some point and having it at 0$ or less was just economically unfeasible. It was just a game of how low. After this, when war broke out, the energy crisis and the driving up of oil prices due to sanctions and increased demand caused an enormous rally and spike. This was the opposite situation to what had just occured, and rather than being a great time to buy, you'd have been better off short at highs. Again, it was very likely that the necessity of oil would lessen as things changed and the price would return to reality, it is more or less unfeasible similarly to having extreme low prices. Economies would just overproduce it and bring the price down with increased supply. As of late, we have found ourselves reading comments from Leaders of great oil consumers and OPEC about the stabilising of prices. This is a reasonable comment coming after reduced Chinese demand and increased US supply and sets the scene for the future and the talk around Oil prices going forward. On the face of it, we are downtrending mid term. Thus, a further low within the reduced demand sentiment would not be completely unexpected. We can look to plan long entries alike investors, taking lower prices at this current point in time. Weakness also in price action amongst local and historical areas also will determine any further falls and on the face of it, also looks reasonably likely. Nonetheless, a reasonable Pullback within the current move down would be ideal for short entries as price has already fallen and you'd be short into support. Long entries, as shown, are preferred lower at key Price Action areas that are labelled. In any case, trade small inline with sentiment risk always.07:01by WillSebastianUpdated 3316
Buy OilsHi guys, WTI went ahead as our prediction on 13 December. Now we expect to go down 70 level and after that we will buy it long-term. Main target is 95-100. Be careful today because of the first important news of 2024Longby takeprofitwithusUpdated 11
XTIUSD LONG TERM Buying TRADE ANALYSISHello 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 ForexMasters20001
USOIL Will Collapse! SELL! My dear friends, USOIL looks like it will make a good move, and here are the details: The market is trading on 86.67 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear V signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 84.99 Recommended Stop Loss - 87.55 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 AnabelSignals118
Time of a big retrace (to the upside)Oil is ready for a retrace to the upside. - it comes down to support - bullish div on the RSI - break out of a channel - blue pivot signal on the 3D chartLongby ValerianKUpdated 119
USOIL - long idea - target: 95Friends. I am trading USOIL for a long time. It is very hard to analyse it nowadays because of situation around energy in the world. But what i see, price traded in channel, now channels top trend line broken and as i see price fixed here for future pump. My target around 95. Longby traderstube2
Crude oil pays attention to short-term adjustments Crude oil currently continues to maintain a good oscillatory upward trend along the short-term moving average on the weekly trend. It also maintains a good oscillatory upward trend on the daily trend. Although it has gone out of a slight rise and fall, the strong technical form is still the same. Nothing has changed. There is a certain degree of divergence in the 4-hour trend. The K-line has begun to gradually break through the short-term moving average. There may be a certain degree of adjustment in the short-term trend. Shortby Donald-king112
USOILwe invalidated weekly bearish momentum now we have monthly bulllish,weekly bullish,daily bullish as well i see $95 approachingLongby Showboi-fx228
USOIL: Short Trading Opportunity USOIL - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short USOIL Entry Point - 86.67 Stop Loss - 88.00 Take Profit - 83.84 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals111
Back to 84 Then What?Oil has already put in a massive move this year and after failing to reach my pivot point at 87.69, I expect for some exhaustion to set in after such a quick move higher. My initial target is set to the pivot at 84.61 offering a solid 2:1 with stops at the high. However this market could really find range here and preform a seasonal down-move all the way to 81.51 which I have marked for reference. Any lower than that and we enter a full on bear territory with paper barrel unwind. To the topside, 89.82 and 91.52 are two targets if demand continues and world war concerns heighten. These are also good prices to consider for summer time demand, though we may have already seen it priced in with such a vicious initiative. Though commodities are steadily trending up, I find it likely for oil to respect the pivot and continue to downside after showing some exhaustion Wednesday and Thursday. In the long term I wouldn’t be surprised if we revisit my lower levels of 75.61 and 74.41. It is really a matter of interest as it relates to 81.51. A tip is to watch for string down moves through weak support as it will further give confluence to sells, and give the potential to market in for more shorts. Shortby crawfordpaul0
USOIL-bias short Bearish indications: Major resistance respected at 85.90 Trend line support is broken. Bearish divergence. Double top formation in 30 min time frame. Evening star candle from resistance in 4 hr time frame. Bullish indications: HHHL Trade plan bias short @ 85.36 SL:85.91 TP1:84.90 TP2:84.39 Shortby gouthamkulal1Updated 5
OIL HIGHER ! Geopolitical issue + Eid MubarakHi Everyone, OIL higher . target is 90. but maybe tonight is making new high on before or after news. (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.Longby LaurentWilvyneUpdated 117
WTI Oil in Bullish Trend WTI is in bullish trend i am using trending line and Fibonacci replacement to mark entry pointLongby aalihassan5
Crude Oil (WTI) may rise to 87.40 - 88.20Pivot 86.00 Our preference Long positions above 86.00 with targets at 87.40 & 88.20 in extension. Alternative scenario Below 86.00 look for further downside with 85.50 & 84.65 as targets. Comment The RSI shows upside momentum. Supports and resistances 89.00 88.20 87.40 86.80 Last 86.00 85.50 84.65 Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson3
Time for a small pullback before higher price tags?West Texas Intermediate crude oil has increased nearly 20% since the start of 2024 and is currently trading near $86.50 per barrel. The precarious situation in the Red Sea, production cuts by OPEC (and its allies), and the inability of the United States to bring more production online fast enough have greatly contributed to the rising oil prices in the past four months. Going forward, it is unlikely that the geopolitical issues in the Middle East will improve anytime soon, especially following a severe escalation of tensions between Israel and Iran earlier this week when Israel killed two Iranian generals by airstrike in Damascus, Syria (not to mention constant failures in peace negotiations between Hamas and Israel, and Israel’s plans to continue military operations in Gaza). These actions will likely provoke retaliation from Iran in the form of more attacks on Israel through its proxies. As these relationships seem to have entered a spiral of reciprocating aggression, the odds of a huge war spillover continue to grow, which has enormous implications for this oil-rich producing region and the oil market itself. On the subject of technicals, the daily and weekly time frames are bullish. However, the USOIL broke above the ascending channel on Tuesday, and the RSI reached overbought territory on the daily timeframe. Besides that, the price also deviated too far from its 20-day and 50-day SMAs, which increases the chances of a short-term pullback in the price of oil. Nonetheless, the probability of oil reaching $90 per barrel in the coming weeks continues to rise. Illustration 1.01 Illustration 1.01 displays the upward-sloping channel on USOIL’s daily chart. The yellow arrow indicates a breakout above the channel. Illustration 1.02 The chart above illustrates simple support/resistance levels derived from past peaks and troughs. Alternative support levels lay at $85.85, $83.56, and $79.72. Technical analysis Daily time frame = Bullish Weekly time frame = Bullish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade. Longby Tradersweekly9
CRUDE OIL (WTI): Bullish Continuation After Pullback 🛢️ Crude Oil set a new local higher high higher close on a daily, violating a key horizontal resistance. It opens a potential for a further growth to 89.0 resistance. I would suggest looking for entries after a pullback. The safest zone to watch is a demand zone based on a broken structure and a trend line of a rising channel. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader118
CL OIL H4 5 April 2024🛢 CL OIL, H4 🛢5 April 2024 Crude oil prices experienced a significant surge propelled by concerns over lower supply amidst decisions by major producers, including OPEC+, to maintain output cuts. Growing signs of economic strength in China also contributed to heightened demand for oil, underscoring the market's focus on supply dynamics amid geopolitical tensions and supply disruption fears. Oil prices are trading higher following the prior breakout above previous resistance level.Suggesting the commodity might enter overbought territory. Resistance level: 87.90, 89.10📉 Support level: 83.75, 83.15📈Longby top_fx2
Crude oil is at a high level, don’t be aggressive in chasing bulAt present, crude oil is around 86, which has reached the expected high point. Although technically bullish, this level is no longer suitable for chasing the rise. According to technical expectations, it should be temporarily suspended between 86-85. If crude oil does not stop in the short term, then the short-term market will exceed expectations, so it is okay to miss it and not participate. And if crude oil has a correction in the short term, it will be an opportunity for long orders to enter the market. In the short term, 85.35 will continue to be bullish. If there is a sudden adjustment and correction, the double bottom support above 84.2 will be bullish, and the resistance target is 86.5-87. Trading strategy: You can go long with light positions near 85.5-3, stop loss at 84.8, if there is support at 84.5 above the 4-hour mid-rail, you can participate with long orders here.by Donald-kingUpdated 3
The USOIL is returning to a bullish trend after surpassing the BIn the IH time frame, USOIL exhibited a bullish trend, marked by consecutive higher highs and higher lows. However, a bearish divergence has emerged, suggesting a potential shift in the trend. Subsequently, the price broke the previous higher low as indicated by the RSI. Additionally, another break of the previous higher high occurred, accompanied by a Bullish Engulfing candle pattern. Combining these factors with the RSI indication, it's advisable to execute a buy order.Longby aakalu4
USOIL Long: Uptrend & Price moving in ascending channelHere are the reasons behind the trade Uptrend Price moving in ascending channel Will test the 0.68 fib level then execute the orderLongby sanasaeed0
WTI H4 | Bullish momentum to extend after a pullback?WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 85.758 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 82.400 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 90.325 which is a swing-high 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.Long05:05by FXCM2
USOIL is up or down?Hi I have had many works on OIL chart and honestly I have not been able to find a satisfying analysis even for myself but I always want to share my ideas and get you opinions about them. For crude there are to bold scenarios for sell and buy and it is not practical because the trend will go up or down finally and having buy and sell scenarios may work for analysis but wont work for a trader. By the way I have decided to share this chart with and I am not really sure about that. Please consider it just as an alternative and let me know your ideas. Thanks by AMA_FXUpdated 2