Buy Setup Currently Trading at 72.80 , Go Long For The Target 84.79 I expect Crude Will Consolidate Around 72.80 And Than Start It Upward JourneyLongby FibooGann118
Oil - Short / WaitI wouldnt touch this until the $72-74 region. Even there i would hope to get in lower. Patience required for an attempt to long this. Not an area i would short either despite the title. Just think, a wait and see method is best for Oil at the moment. Last oil trade we road from $66-67 area up toward $90. Lets do it again.by RobsPlanUpdated 3
OIL: Day 3 shorts traders in the market, still backsideHi 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” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance ✅ No cycle Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout 3 Days Short Breakout ✅ Inside Day 3. WEEKLY TEMPLATE Pump&Dump ✅ Dump&Pump Frontside Backside ✅ 4. THESIS: Long: primary, today is Tuesday, day 2 of the week, low of the week as well, opening range in place and market kept breaking down. However, I would be interested in taking a reversal trade as a scalp, back into the breakout of yesterday low, scalp LOD(LOW) to Yesterday LOD) Short: N/A I would not have any level to enter a potential down move, unless, and I repeat, unless before 10am the market will reach the previous LOD 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. Gianni by GianniPichicheroUpdated 444
OIL Oil open price above critical support the last call before going up to 105 LVLS Longby Tdawly_Official6
WTIin the pic u see that our downtrend was broken with good impulsive move out after that i stay like snake to hunt it the price come to my zone now if i see good confirmation i will long wti Longby Mehrab-MOUpdated 4
AUD/NZD Short and WTICO/USD ShortAUD/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. WTICO/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.Short19:11by StewySongsUpdated 3
US OIL Trading RecommendationInstrument: USOIL Position: Buy Entry: 77.00 1st Target: 79.00 2nd Target: 80.50 Stop Loss: 76.00 Take Profit: 75.00 Rationale: USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors. Targets: Our primary target stands at 79.00, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at 80.50, indicating further potential upside momentum. Stop Loss: To manage risk effectively, a stop loss is placed at 76.00, just below the anticipated support level. This ensures a controlled exit in case of unexpected market movements. Take Profit: In the event of a breakdown below 76.00, the take profit level is set at 75.00, reflecting a potential reversal in the market sentiment. Disclaimer: Trading carries inherent risks, and this recommendation should be considered alongside individual risk tolerance and market analysis. It is advisable to employ proper risk management techniques, including the use of stop-loss orders, to mitigate potential losses.Longby GODOCM1
US-OIL BULLS TOOK OVER, BUT!!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. US-OIL QUICK UPDATE. 📚 👉As we can see US-OIL broke above our major swing high, where we can expect a bullish movement and a shift in momentum from bearish to bullish. 👉Moreover, price managed to be trading again lower, which is considered as a correction movement, to be approaching our massive demand zone and 0.786 Fibonacci retracement. Where we will be looking for new longs around such zone on lower time frame. 📚 If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!Longby Hadi_karaali227
WTI Oil H4 | Falling to swing-low supportWTI oil (USOIL) is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 76.59 which is a swing-low support. Stop loss is at 75.93 which is a level that lies underneath a swing-low support and the 100.0% Fibonacci projection level. Take profit is at 78.47 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. 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.Long02:56by FXCM1
WTI Oil Price Unchanged After OPEC+ MeetingWTI Oil Price Unchanged After OPEC+ Meeting The OPEC+ meeting over the weekend did not have a substantial impact on the price of crude oil. As the chart shows, WTI oil opened today at $76.72 per barrel, while on Friday it closed at $76.57 – indicating that the decision made by oil producers is ambiguous. The bullish argument is that restrictions on oil production to maintain its price will continue. According to Reuters, on Sunday, OPEC+ members agreed to extend the production cuts of 3.66 million barrels per day until the end of 2025. The bearish argument is that eight OPEC+ countries have already signalled plans to gradually phase out voluntary cuts of 2.2 million barrels per day from October 2024 to September 2025. Goldman Sachs analysts overall assessed the results of the meeting as more bearish for the market. "The communication of a gradual unwind reflects a strong desire to bring back production of several members given high spare capacity," they wrote. The WTI crude oil chart shows that the market is breaking the upward trend (shown in blue), which we mentioned in our review on 10 May. Since then, bulls attempted to resume the upward trend, but this only resulted in a false breakout of the psychological level of $80 per barrel on 29 May (indicated by an arrow). Afterwards, bears regained control and sharply pushed the price below the lower boundary of the blue upward channel, making the downward channel (shown in red), which began in April, more relevant. According to the technical analysis of the oil chart: → the price is near the median line of the red channel – a sign of temporary equilibrium between supply and demand; → below the current WTI crude oil price is an important level of $75.75, which provided support back at the end of winter. If the bulls attempt a comeback (which would require fundamental drivers), the upper boundary of the downward channel may resist the price. If the geopolitical situation in the Middle East does not escalate, the bears may continue to exert pressure aiming to break the $75.75 level – which would likely slow inflation and benefit the current U.S. administration ahead of the upcoming presidential elections. 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 FXOpen2214
USOIL SHORTUSOIL inside a descending channel with break the line i think it will continue its way down after break it will target area 75.90 / 75.35 then after break it will continue to 70.50 Shortby Ehab_Ali0
intermediate trend is up but now trading in sidewayI've set up my TradingView chart for Crude Oil (WTI) in the 1-hour timeframe to understand the current market conditions and potential trading opportunities clearly. 1. Price Levels: - Right now, the price of crude oil is around $78.217. - I’ve marked key resistance levels at $80.278 and $79.988. These are the areas where I expect the price might face some selling pressure. - On the downside, support levels are at $77.557 and $77.550, which could act as a floor if the price drops. 2. Trendlines: - I’ve drawn a couple of diagonal trendlines that form a channel, showing the range within which the price has been bouncing around. - These trendlines intersect at several points, which might signal potential breakouts or breakdowns. 3. Volume: - The volume bars at the bottom are crucial. They show how much crude oil is being traded during each hour. - Notice the spikes in volume during significant price moves—these often indicate strong market activity and can hint at future price directions. 4. Candlestick Patterns: - I use candlestick patterns to track price action. Recently, the price has been consolidating around the $78.217 level, which suggests that the market is gathering momentum for a big move. 5. Supply and Demand Zones: - The shaded areas highlight important supply and demand zones. These zones are where there has been significant buying or selling interest in the past. - They help me identify potential reversal points and set my stop-loss and take-profit levels more accurately. 6. Support and Resistance Boxes: - I’ve also drawn boxes around the main support and resistance levels to make them stand out. - The upper box around $80.278 is a strong resistance zone, while the lower box near $77.550 is a key support area. This setup helps me keep track of critical price levels and market behavior, making it easier to plan my trades. I rely heavily on these visual cues and patterns to anticipate where the market might head next. by THE-100
Daily Timeframe suggests Bearish Price ActionWe are currently inside a 12$ Range on Crude Oil on the monthly timeframe. Support being 71.32 and resistance being 83.22. After two weeks of trading in June, Oil is up roughly 2/3 of 1 Percent. The First week being quite bearish but which was corrected, plus an additional some to the upside on the second week. Price came awfully close to the weekly resistance level ( about 25 cents) on Wednesday but coincided with US weekly Inventories and dropped on a higher than forecasted number. Weekly Bearish Target for Crude this week I have 75.36 Weekly support level. Weekly Long target for crude this week I have 79.58 Weekly resistance Level. What's interesting is that after the initial climb on last Monday, Crude simply consolidated for the rest of the week. It actually printed 3 Daily candles that had a larger top wick than the body of the candle. My Bias is bearish to kick off the new trading week and short term targets are 77.30 for the upcoming session.Shortby ShrewdCatfx0
USOIL longUSOIL Trading Analysis and Strategy Entry Price (EP): $77.85 Reason: Through the latest market trend analysis of USOIL, we can see the overall market trend from the 1day, 4hour, and 1hour charts. The 1day chart shows the market's overall trend, and the 4hour chart confirms the trading trend. The 1hour chart presents a short term short entry, stop loss, and take profit signals. We will wait for the reversal signal on the 1hour chart. Based on RSI Divergence data, the entry price is determined to be $77.85. Stop Loss (SL): $76.62 Reason: Stop losses are calculated using ATR data,providing a margin of safety to limit potential losses if the market moves against the position. Target Price (TP): $79.03 Reason: The take profit target is set based on ATR data analysis and market trend prediction, aiming to obtain potential profits from expected price changes. Profit Potential in: $1.18 (11.80usd/lot) Please note that Forex trading involves risks and the analysis provided is based on the information available. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly.Longby Tracyanalyst0
Crude Futures Settle Lower, But Post Weekly Gains I think there are many factors that can cause crude oil to rise, after all, the world situation is unstable right now.Longby Super_B_XinR0
USOIL has opened the door for a move to $84, but first…A move lower for WTI towards $76, before finding support and completing the move to $84sLongby ElephantCapital0
Oil latest analysis and advice, hope to help youHello, trader. 78.45 Our preference Short positions below 78.45 with targets at 77.70 & 77.25 in extension. Short positions below 78.45 with targets at 77.70 & 77.25 in extension. Alternative scenario Above 78.45 look for further upside with 78.90 & 79.30 as targets. Above 78.45 look for further upside with 78.90 & 79.30 as targets. Comment As long as the resistance at 78.45 is not surpassed, the risk of the break below 77.70 remains high. Supports and resistances 79.30 78.90 78.45 78.10 Last 77.70 77.25 76.60 Number of asterisks represents the strength of support and resistance levels Happy tradingby Machine-traderUpdated 1
Do not miss the latest trading advice on crude oilHello, friends Details: Wave 1 black (Cycle Degree) was completed at 67.68 as Impulse Wave and Wave 2 black (Cycle Degree) was completed at 67.68 87.60 as Double Zigzag. Wave 1 green (Primary Degree) was completed at 72.43 and prices have been developing and retracting to Wave 2 green (Primary Degree) as expecting target at Fibonacci Level 0.5-0.786 Invalidation Point: 72.43 Trading Opportunity: Wait for Wave 2 green (Primary Degree) complete and find a chance to entry the orders while price declines to Wave 3 green (Primary Degree) Happy tradingby Machine-traderUpdated 0
Oil Price Find Footing as Inflation Cools, Russia Threatens CutThe global oil market witnessed a balancing act this week, with prices finding temporary stability despite conflicting forces. While data indicating a possible slowdown in US inflation offered some relief, Russia's vow to cut oil production cast a shadow of potential future price hikes. West Texas Intermediate (WTI) crude oil futures, the US benchmark, remained above $78 a barrel, clinging to the gains accrued throughout the week. This stability comes after a period of volatility, with oil prices having fluctuated significantly in recent months due to ongoing geopolitical tensions and concerns about global economic growth. The US Federal Reserve's decision to maintain interest rates at their current level was the primary source of comfort for the market. This decision, coupled with recent signs of cooling inflation, suggests a potential shift in the Fed's monetary policy stance. Earlier concerns about aggressive interest rate hikes to combat inflation had dampened economic activity and raised fears of a recession, potentially leading to a decline in oil demand. The Fed's decision to pause on rate hikes, with the possibility of one cut later in the year, provided a sigh of relief for the oil market. However, this cautious optimism was countered by Russia's announcement of a potential production cut. Russia, a major oil producer, has been a key player in the recent oil price volatility. The ongoing war in Ukraine has disrupted global oil supplies, and Russia has hinted at further reductions in output in retaliation for Western sanctions. This threat of a supply squeeze could push oil prices higher in the coming months, potentially negating the positive sentiment stemming from the Fed's decision. Analysts remain divided on the long-term trajectory of oil prices. Some believe that a global economic slowdown, fueled by rising interest rates and ongoing geopolitical tensions, will eventually lead to a decrease in demand. This, coupled with a potential increase in oil production from other major producers like the US, could bring prices down. However, others warn that the geopolitical risks remain significant. The war in Ukraine shows no signs of abating, and further disruptions to Russian oil exports could trigger another price surge. Additionally, the limited spare production capacity among major producers could make it difficult to compensate for any potential Russian output cuts. The outlook for oil prices in the coming months is thus uncertain. While the Fed's decision and signs of cooling inflation offer some hope for stability, the threat of Russian production cuts and ongoing geopolitical tensions continue to pose significant upside risks. Looking beyond the immediate future, the long-term trend for oil prices will likely depend on the pace of the global energy transition. As countries around the world invest in renewable energy sources and push for decarbonization, the demand for oil is expected to decline over time. This could lead to a gradual decrease in oil prices in the long run. However, the transition away from fossil fuels is a complex process, and oil is likely to remain a critical source of energy for many years to come. In conclusion, the global oil market is currently navigating a period of flux. While short-term factors like the Fed's monetary policy and potential Russian production cuts are influencing prices, the long-term trajectory remains uncertain and will depend heavily on the pace of the global energy transition. Consumers and businesses alike should brace for continued volatility in the oil market, with prices likely to remain sensitive to geopolitical developments and economic data releases. by bryandowningqln0
USOIL LOOKING BULLHey there on 4hTF the USOIL has looks like continue Bull So we can see firstly upside 77 and 76 level If the price Bull continue moving upside we could also see above the 80Longby DvsTraderfirm0
USOIL(WTI), SHORTUSOIL(WTI) in the early month of June made gains in a localized ascending channel since 4th Jume from $72.497 to $78.98 but the $79 price remains a strong resistance to the price ascension. As long as $79 and $78.55 remains resistance, USOIL (WTI) could fall to the $76.5 with potential further extension of the losses to $75 in the coming days. Resistance 1: 78.95 Resistance 2: 78.54 Support 1 : 77.3 Support 2 : 76.5 Support 3: 75.0Shortby AbeikuGlobal_FX1
Trading Signal For WTI Crude Trading Setup: There is a Trading Signal to Sell in WTICrude Oil Currency Pair. Traders can open their Sell Trades NOW WTICrude Oil (1h) ⬇️Sell Now or Sell on 78.48 ⭕️SL@ 79.26 🔵TP1@ 76.30 🔵TP2@ 74.31 🔵TP3@ 72.16 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .Shortby pullbacksignal0
hyper inflationtention in middle east is aggresively getting stronger. unfortunately monthly candle became very stable to keep the price high. most of commodities and equitites went all time high. So does oil will go for alltime high level of 200 dollar target in end of this year.Longby illuminating_tradeUpdated 338