USOIL Cycle Is this where we turn?Crude oil 98 weeks ago was march high. Cycle Seems to fit with Bear bull moves. Might mean something be aware. Longby NautaTradesUpdated 333
WTI ShortWTI short again. Yesterday had a setup but after reaching close to 2 R, it went against me and got stopped out. Today looking at this setup, only for a 2 R Shortby howard25350
OIL LONGExpecting price to form strong support at this level and continue trending towards the next figure level @80.000. If entry is triggered and in profit before the news then break even upon news release.Longby newsy0
"Oil Trading: Top Buy-Side Strategies for Profits in 2024!"Unlock the potential of the oil market with our expert buy-side trading strategies. In this video, we cover essential tips for trading oil, from understanding market fundamentals to identifying key entry points. Learn how to navigate price fluctuations and make informed decisions to maximize your profits in 2024. Perfect for both novice and experienced traders looking to enhance their trading portfolio with oil.Long00:55by muntishabuilderUpdated 221
USOIL SHORTUSOIL SHORT "break of structure + 72% fib retracement + 200 ema dynamic resistance "Shortby elyeshantous1
USOIL ACCURATE ANALYSIS Usoil as per analysis buy trend dominate the market and breaked down trend line 1:3 RR Small SL Longby DNA_Trader_Officials0
WTI - ShortAs per on chart, looking for a scalp intraday - RSI Div - 68.2 retrace Shortby howard25350
USOIL BUY Usoil buy side analysis got 170 pips profit running TP near to hit Perfect time entered 1:3RR Overall trend still sell sideLongby DNA_Trader_Officials0
USOIL printing bullish ascending channelUSOIL printing bullish ascending channel, Buy on FIB .5 as buy limitLongby fay_pasai0
US Oil Setup Take sell Entry By Using Fib Retracement. I hope it will go further down.Shortby mubbasher1
US OilDetailed Analysis of WTI Crude Oil (1h Chart) Indicators Used: • Moving Averages (MAs) • Bollinger Bands • Commodity Channel Index (CCI) • Moving Average Convergence Divergence (MACD) • Stochastic Oscillator • Support and Resistance Levels Technical Analysis: 1. Moving Averages: • Short-term (Red) and Long-term (Green) MAs: The short-term moving average is below the long-term moving average, indicating a bearish trend. The price is also trading below the 200-period MA, which typically suggests a longer-term bearish sentiment. • Price Action: The price is currently below the 200-period MA and just around the 50-period MA, showing some signs of consolidation or potential short-term reversal. 2. Bollinger Bands: • Band Width: The bands are relatively wide, indicating increased volatility. • Price Position: The price is moving near the middle band, suggesting a potential equilibrium. The recent touches to the lower band indicate the price might have been oversold in the short term. 3. CCI (Commodity Channel Index): • Current Reading: The CCI is around the -100 level, which often indicates that the market is oversold, but it’s moving towards the middle line, indicating some recovery. 4. MACD: • Histogram and Signal Line: The MACD histogram is below the zero line, with the MACD line close to crossing above the signal line. This could indicate a potential bullish crossover, signaling a possible upward momentum. • Momentum: The bearish momentum seems to be weakening as indicated by the histogram moving towards zero. 5. Stochastic Oscillator: • %K and %D Lines: The Stochastic lines are in the middle range, suggesting a period of consolidation. The lines have crossed upwards, which might indicate a potential short-term bullish move. • Crossovers: Watch for further bullish crossovers as confirmation of a potential upward move. 6. Support and Resistance Levels: • Immediate Resistance: Around 76.50, which is a recent resistance level formed by previous highs. • Immediate Support: Around 75.00, which has been a support level in the recent past. • Strong Support: Around 73.50, a more significant support level if the current one fails. Best Trade Opportunity: Trade Setup: • Entry Point: Consider entering a long position if the price breaks and holds above the immediate resistance of 76.50 with confirmation from the MACD and Stochastic Oscillator. • Confirmation: Look for a bullish crossover in the Stochastic Oscillator and the MACD histogram moving into positive territory. • Stop Loss: Set a stop loss below the immediate support level at 75.00 to minimize potential losses. • Target: Aim for a target around the next significant resistance level at 78.00 to 79.00. Alternative Short Trade Setup: • Entry Point: Consider entering a short position if the price breaks below the immediate support of 75.00 with strong bearish confirmation from the MACD and CCI. • Confirmation: Look for further downside momentum in the MACD and CCI staying in the oversold region. • Stop Loss: Set a stop loss above the immediate resistance level at 76.50. • Target: Aim for a target around the strong support level at 73.50. Confidence in the Trade: Confidence Factors: • Technical Confirmation: Multiple indicators are suggesting oversold conditions, which could point to a potential bullish reversal. • Support and Resistance: Clearly defined support and resistance levels provide a structured framework for trade planning. • Volatility: Increased volatility indicated by the Bollinger Bands could suggest significant price movement, enhancing the risk/reward profile. Factors to Monitor: • Market News: Keep an eye on any significant economic news or events that might affect crude oil prices, such as inventory reports or geopolitical developments. • Volume: Watch for increasing volume on the breakout for added confirmation of the trade direction. Summary: • Primary Trade: Long position above 76.50 with a target of 78.00 to 79.00. • Alternative Trade: Short position below 75.00 with a target of 73.50. • Confidence Level: Moderate to High, given the technical setup and clear levels of support and resistance. By monitoring these indicators and adhering to the outlined trade setups, you can navigate the WTI Crude Oil market with a structured approach and manage potential risks effectively.by KironKavanagh0
USOIL, D1This week seem like usoil price will make a retracement. Overall still looking for a downtrend as price has broken previous low.Shortby chinghola0
US OilOverview The chart for WTI Crude Oil on the 1-hour timeframe shows significant movements, with the price interacting with key Fibonacci levels, support, and resistance zones. The indicators used include Moving Averages, Bollinger Bands, Commodity Channel Index (CCI), MACD, Stochastic Oscillator, and Support and Resistance levels. Key Observations 1. Moving Averages (200 MA and 50 MA): • 200 MA (Green Line): The price is currently around the 200 MA, suggesting a critical point for determining the long-term trend direction. • 50 MA (Red Line): The price is interacting with the 50 MA, indicating short-term trend considerations. 2. Bollinger Bands: • The price is near the middle Bollinger Band, indicating that the market might be at an equilibrium point. The previous move from the lower band suggests the market might be consolidating. 3. Commodity Channel Index (CCI): • The CCI is likely around 0, indicating neutral conditions. This suggests neither overbought nor oversold conditions. 4. MACD (Moving Average Convergence Divergence): • The MACD line is above the signal line, and the histogram is showing positive values, indicating bullish momentum. However, the histogram shows signs of decreasing momentum. 5. Stochastic Oscillator: • The Stochastic Oscillator is below 20, indicating oversold conditions. This suggests that a rebound may be imminent. 6. Fibonacci Retracement Levels: • Key Fibonacci levels are plotted from the recent low at 72.52 to the recent high at 76.18. • 0.236 (75.32), 0.382 (74.78), 0.5 (74.35), 0.618 (73.92), 0.786 (73.31) • The price is currently around the 0.236 Fibonacci level (75.32), indicating potential support. 7. Support and Resistance Levels: • Resistance Zones: Significant resistance is seen around 76.18, 78.50, and above. • Support Zones: The recent low at 72.52 and significant Fibonacci levels act as support. Comprehensive Technical Analysis 1. Current Trend: • The long-term trend is ambiguous as the price is interacting with the 200 MA. The short-term trend shows potential bullish momentum, as indicated by the price movement relative to the 50 MA. 2. Equilibrium Conditions: • The price being near the middle Bollinger Band suggests equilibrium, with potential for a move towards either the upper or lower band. 3. Volume: • Volume analysis can indicate the strength of the price movement. The current volume shows relatively stable activity, suggesting consolidation. 4. Key Support and Resistance Levels: • Resistance: Significant resistance levels are at 76.18, 78.50, and above. • Support: The recent low at 72.52 and Fibonacci levels (75.32, 74.78, 74.35, 73.92, 73.31) act as support. 5. Momentum Analysis: • The MACD indicates bullish momentum, but decreasing histogram bars suggest potential weakening. • The Stochastic Oscillator indicates oversold conditions, suggesting a potential rebound. Best Trade Opportunity Given the current market conditions, the best trade opportunity appears to be a short-term buy trade to take advantage of the oversold conditions and potential for a rebound. Trade Setup: • Buy Level: Around 75.35 (current level near the 0.236 Fibonacci level) • Stop Loss: Below 74.78 (to account for potential further downside, just below the 0.382 Fibonacci level) • Take Profit: • First target: 76.18 (recent high) • Second target: 78.50 (significant resistance level) Trade Rationale: • Oversold Indicators: The Stochastic Oscillator below 20 suggests that the market is oversold and due for a potential rebound. • Fibonacci Support: The price around the 0.236 Fibonacci level indicates potential support. • Risk-Reward Ratio: Entering a buy position near 75.35 offers a favorable risk-reward ratio, especially with a tight stop loss below the 0.382 Fibonacci level. • Volume Consideration: Stable volume suggests consolidation, which might lead to a breakout. Summary • Buy Opportunity: Enter at 75.35 with a stop loss below 74.78. • Targets: 76.18 (first target) and 78.50 (second target). • Rationale: The market shows potential for a rebound given the oversold conditions indicated by the Stochastic Oscillator and support around the Fibonacci levels. by KironKavanagh110
Oil 15 min. Trade StrategyTrend based strategy on 15 min. Oil. Based on Swing Trading principles with harmonics. Also includes some specific chart pattern trades.07:32by csmottola710
Oil June 7 2024 - my_MATR1 hour Oil chart to June 7th 2024 using my_MATR, which is a trend shift indicator with some cookies added to it, like Bull / Bear market signals and exhaustion alarm.02:55by csmottola710
HOW TO FIND ENTRY ON CRUDE OIL A pullback back into the 50 Fibonacci area am looking forward to go short with first and second target at $72-65Shortby Money_Pips110
CRUDE OIL Will Fall! Sell! Hello,Traders! CRUDE OIL is going up Now and it looks like It is set to retest The horizontal resistance Of 76.86$ from where We will be expecting A pullback and a Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals111
another chance at oil bullish runthe h4 candle close shows a liquidity grab and h1 candle is a piercing candle close, stops go below and targetting 77 levelLongby Khalidd930
US OilKey Observations: 1. Moving Averages (200 MA and 50 MA): • 200 MA (Blue Line): The price is below the 200 MA, indicating a bearish long-term trend. • 50 MA (Yellow Line): The price is currently above the 50 MA, suggesting a short-term bullish sentiment. 2. Relative Strength Index (RSI): • The RSI is around 50, indicating neutral conditions. This suggests the market could move in either direction from this point. 3. MACD (Moving Average Convergence Divergence): • The MACD line is above the signal line, but the histogram is showing decreasing positive values, indicating a potential weakening of bullish momentum. 4. Bollinger Bands: • The price is near the upper Bollinger Band, indicating it might be overbought in the short term. This often suggests a potential pullback to the middle band (20 MA) or lower band. 5. Fibonacci Retracement Levels: • 0.236 (75.45), 0.382 (75.19), 0.5 (74.98), 0.618 (74.78), 0.786 (74.40) • The price is near the 0.236 Fibonacci level (75.45), which could act as minor resistance. The other levels serve as potential support if the price retraces. 6. ATR (Average True Range): • The ATR indicates moderate volatility. This suggests that while there might be significant price movements, they are not extreme. Comprehensive Technical Analysis: 1. Current Trend: • The short-term trend is bullish as indicated by the price being above the 50 MA. However, the overall trend remains bearish with the price below the 200 MA. 2. Neutral Momentum: • The RSI around 50 and the MACD showing weakening bullish momentum suggest a cautious outlook. 3. Key Support and Resistance Levels: • Resistance: 0.236 Fibonacci level (75.45) and potentially the upper Bollinger Band. • Support: 0.382 Fibonacci level (75.19), 0.5 Fibonacci level (74.98), and 0.618 Fibonacci level (74.78). 4. Momentum Analysis: • The MACD indicates bullish momentum, but the decreasing histogram suggests a potential slowing. This requires monitoring for signs of a bearish crossover. Potential Buy and Sell Levels: Buy Levels: 1. Support at 0.382 Fibonacci Level (75.19): • If the price finds support around this level and shows bullish reversal signals, consider entering a buy position. • Buy Level: 75.19 • Stop Loss: Below 75.00 (just below the support level to avoid false breaks) • Take Profit: First target at 75.45 (0.236 Fibonacci level) and second target at 75.88 (recent high) 2. Lower Bollinger Band Area: • Consider buying near the lower Bollinger Band for a short-term rebound. • Buy Level: Around 74.78 (if the lower Bollinger Band is around this level) • Stop Loss: Below 74.60 (to account for potential volatility) • Take Profit: Middle Bollinger Band (approximately 75.45) Sell Levels: 1. Resistance at 0.236 Fibonacci Level (75.45): • If the price rebounds to this level and faces resistance, consider entering a sell position. • Sell Level: 75.45 • Stop Loss: Above 75.60 (just above the resistance level) • Take Profit: First target at 75.19 (0.382 Fibonacci level) and second target at 74.98 (0.5 Fibonacci level) 2. Middle Bollinger Band Area: • If the price fails to sustain above the middle Bollinger Band, consider entering a sell position. • Sell Level: Around 75.40 (if the middle Bollinger Band is around this level) • Stop Loss: Above 75.60 (just above the middle Bollinger Band) • Take Profit: First target at 75.00 (lower Bollinger Band) and second target at 74.78 (0.618 Fibonacci level) Summary: • Buy Levels: • 75.19 (with stop loss below 75.00 and take profit at 75.45 and 75.88) • Around 74.78 (with stop loss below 74.60 and take profit at 75.45) • Sell Levels: • 75.45 (with stop loss above 75.60 and take profit at 75.19 and 74.98) • Around 75.40 (with stop loss above 75.60 and take profit at 75.00 and 74.78) by KironKavanagh0
oil bullish ideabulls strong for the past 2 days, consolidation on h1 and a morning star pattern on h1 with a bullish h4 piercing candle, good risk to reward Longby Khalidd932
Crude oil 75 near sell target 72!Yesterday I indicated to buy crude oil near 73 and today it reached a profit near 74.5! Let us make a profit of more than 12 dollars! The 4-hour pressure of crude oil has reached 75.40, today this position can consider selling crude oil! Crude oil ---- Sell near 75.30 Target 72.00-70.00 Shortby KingofthedealUpdated 1
USOIL Resistance Breakout Identified At $74.55 06.06.2024- USOIL resistance breakout identified at $74.55 on the 30-minute chart. - If breakout holds, potential rise to $75.13. - Break above $75.13 may lead to further gains towards $75.87. - Conversely, if breakout fails, potential drop to $74.09. - Break below $74.09 could trigger further decline towards $73.73. - Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerLongby BDSwiss_Academy0