Usoil tp hitUsoil TP hit with 270 pips instant profit... Follow for more signals accuracy 👌 Update will soon for next signals by DNA_Trader_Officials224
OILUSDIt seems like a strong support zone has been lost and is now testing the old support zone, or the new supply zone. From my perspective. It's good to see a short trade on OILUSD.by NsnjrglBil1
Potential bullish breakoutWTI oil (XTI/USD) has made a bullish breakout through the pivot and momentum could carry it up toward the 1st resistance. Pivot: 84.86 1st Support: 81.01 1st Resistance: 87.77 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 ICmarkets2
CrudeKeep close watch on crude... Related News Step To Prevent Crude Rally By US President Joe Biden "will do what he can to ensure affordable gasoline prices, & could release more SPR oil to keep gas prices low, senior White House adviser says"(Reuters) This is just an idea or my view not a recommendation to go long or Short & a step towards learning chart patterns & trading.Longby guptabarun3
Crude for a BullrunAs the price hit the last supply block and showing a bullish move we can opt a buy you can wait and take. a buy in the buy zone. I have already entered near 82.3 The price has a very good potential run towards 86.00Longby TradeHubLive6
Oil slipped downside Hey there on 1htF the USOIL has slipped over the peak and go downside very quickly So we can usually seems to be continued dropped liquidity 80.00Shortby DvsTraderfirm3
WTI CRUDE OIL: Testing the 1D MA50 after 2 months.WTI Crude Oil came to day to the closest point it has been near the 1D MA50 in more than 2 months, since the February 6th breakout. The 1D technical outlook is neutral (RSI = 48.820, MACD = 1.03, ADX = 27.71) indicating that this is the most efficient buy entry since the February low. The market has already formed a 1D Golden Cross and displays striking similarities with the 2023 rally, which on August 24th 2023 made a bottom near the 1D MA50 and on the 0.5 Fibonacci level with the price then rallying enormously to 95.00. Due to this strong symmetry, we expect an identical pattern thus turning bullish again and aiming at the R1 level (TP = 95.00) once more. 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 InvestingScope14
Ready to sell WTI / Crude oilHi there, WTI (OIL) reaches to a powerful resistance. We could see several resistances in 82.5-83.5 level, that we mentioned in the pictures. So we sell it now in 83.2 and 83.5 with 80.7 and 78.2 as TP and 84.5 as SL. Be success.Shortby takeprofitwithusUpdated 9
Usoil buyUsoil looks buy at cheap price candles formed W pattern so let's take this chance ... Support this idea and follow for more accurate signals with perfect risk reward ratio Longby DNA_Trader_Officials0
Global analysis of crude oil trade Crude oil real-time market analysis: The resistance of crude oil in the morning on Wednesday was 85.6. As time went to the European market, it has now moved down to the 85.3 position. The 4-hour SAR extension point coincides with the MA30 moving average and is now at the 85.5 line. Tonight, it can be judged at the 85.5 position. Oil price strength and weakness. Technically, the three Bollinger Bands tracks are flat in the 4 hours, with the upper track at 86.5, the middle track at 85.5, and the lower track at 84.2. The idea at night is very simple. Let’s first look at the breakout situation in the 86.5-84 range. Considering that the API crude oil inventory data in the early morning is negative, for In the evening, the priority thinking of EIA data remains rebound and short selling.Shortby Jerome-LeonUpdated 3
Crude Oil retraces on Conflicts🛢️Hello traders.. WTI Crude Oil has been dropping since the beginning of the conflict this past weekend between Iran and Israel. We are trending bullish so far on the year and are up 14%. Price is pulling back this week and we recently touched into a Daily support level 81.25 where we observed a bounce. I dont believe sellers are completely out on this bearish retracement and am looking for a retest of the Daily level 81.25. We have a 4hr resistance zone at 82.30 that may aid in facilitating a move back down. Shortby ShrewdCatfxUpdated 3
USOIL, Resistance becomes support? 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-btm3310
OILanother entry on oil has taken form. Price has pushed down significantly down to its entry of the fib level of 88.6. Entering here and have my TP set at its previous higher high. Longby XCI_TRADING6
Is this next???What is oil going to do. There is war now It will play a role Oil price has already jumped, even before hump day, Thursday OMG!!!!! Oil will definitely go up again.Longby N934rex1
Analyse US OIL Finish wave ZUS OIL NOW TO WAY TO FINISH WAVE Z note :any help or question just send write comment to help you Note: for new followers after follow me cheek your inbox in trading view i will send message welcome and surprise like and follow our profile for more signal forex for free and good luckLongby tarikhut5511
USOIL / Supply Zone retracement -> Long Trade Active✅💡Hello Traders! I executed a long trade on USOIl as the price was rejected from the supply zone, indicating a weakness of bears. I expect a strong bullish move from this price. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible. ____________________________________ www.tradingview.com Longby GoodTradeST4
OIlOil currently showing daily trend obedience with an OS reading. possible long trade **be careful, political unknowns in play**Longby iainfallowfield4
Crude oil drops on demand concerns After yesterday’s sharp drop, crude oil prices extended their losses first thing this morning, before bouncing off their lows. Oil was already under pressure on fears about demand following the weaker Chinese industrial data that was released on Tuesday and the larger crude build in the US as was reported by API on Tuesday. But prices fell about 3% after official data from the EIA showed a build of 2.7 million barrels on Wednesday, its fourth weekly build. The fact that these macro factors pushed crude oil below key short-term support at around the $84.00 - $84.50 area, this gave rise to further technical selling. Still, with the Middle East situation at the forefront of investors’ minds, the downside could be limited from here. At the time of writing, WTI was testing a key support area just below the $82 handle. Middle East concerns should keep downside limited Today we haven’t heard anything new related to the situation between Iran and Israel. UK’s foreign secretary and former prime minister David Cameron visited Israel’s PM Benjamin Netanyahu to help prevent escalation on Wednesday. Cameron said: "We hope that anything Israel does is as limited and as targeted and as smart as possible. It's in no-one's interest that we see escalation and that is what we said very clearly to all the people I've been speaking to here in Israel." However, Netanyahu wasn’t having it, telling Cameron that Israel would "make its own decisions" over how to respond to Iran’s attack, vowing to do everything necessary to defend the nation. So, there was no fresh support for oil concerning potential supply disruptions in the Middle East, leaving traders to concentrate on other factors. They realised that the demand outlook for oil is not so rosy after all. Demand concerns arose after weaker economic data was released from China on Tuesday, while the possibility of prolonged higher interest rates are also casting a shadow on the global economic recovery, and thus the oil demand outlook. Federal Reserve Chair Jerome Powell's recent more hawkish stance has tempered hopes for significant rate cuts this year, potentially leading to a slowdown in economic growth, which could further dampen the outlook for oil demand. With the US dollar has surging to a five-month high this week, this is amplifying the cost of oil for foreign buyers. Still, the decline in oil prices is likely to be limited. Ongoing geopolitical tensions in the Middle East, particularly concerning Israel's response to Iran's recent weekend attacks, is something that could support prices and push them higher in the event of a strong counterattack by Israel. WTI technical levels to watch While the short-term trend for oil may not appear bullish, the longer-term bullish technical outlook remains intact, and will remain that way until we see a major lower low form. Wednesday’s selling got a boost after prices fell below the technically important $84.00 - $84.50 support area. This $84.00 - $84.50 region is now key in terms of potential resistances to watch moving forward. The next key support level to watch is just below the $82 area on WTI, where the last rally around the end of last month started. Below here is the longer-term bullish trend line that comes in around the $80.00 area or so. -- Written by Fawad Razaqzada, Market Analyst with Forex.com Follow Fawad on Twitter @Trader_F_R by FOREXcom2
USOIL FORECAST Q2 24' : INEVITABLE EFFECTS OF WAR. IRAN JOINS INISRL X PLSTNE Iran has joined the group chat Iran: 💣 💣 💣 Oil market:🧐 History : 📈 📈 📈 👆🏽👆🏽👆🏽 Im expecting price to drive higher sometime soon from this point of resistance as market reactions begin to kick in after these shake outs if this level misses it will be one of the other points belowLongby Bekiumuzi_Dube5
Oil Prices: Geopolitical Tensions and Market DynamicsOil prices have once again surged, reaching nearly $88.00 per barrel, despite a recent minor decline. This uptick in prices is occurring amidst a backdrop of geopolitical tensions and a strengthening US Dollar. However, amidst this volatility, it's essential to dissect the various factors influencing oil prices, from geopolitical unrest to economic forecasts and technical indicators. Geopolitical Tensions and Market Sentiment: Geopolitical tensions often act as a catalyst for oil price volatility. Conflicts in oil-producing regions can disrupt supply chains and lead to uncertainty in the market. Recent geopolitical events have heightened concerns, contributing to the surge in oil prices. However, it's crucial to note that while geopolitical factors can trigger short-term spikes, their long-term impact is contingent on broader market dynamics and economic fundamentals. Impact of Economic Forecasts and Electric Vehicle Market Growth: The International Energy Agency (IEA) recently revised its oil demand forecast for the current year and the next, citing a lackluster economic outlook and the growing market share of electric vehicles (EVs). This adjustment underscores the evolving landscape of energy consumption, with EVs exerting pressure on traditional oil demand. As such, forecasts of slower growth in oil demand highlight the need for adaptability within the energy sector. Technical Analysis and Trading Strategies: Technical analysis plays a pivotal role in navigating oil price fluctuations. Assessing indicators such as the Relative Strength Index (RSI) and Fibonacci levels provides insights into market sentiment and potential price movements. Currently, the confluence of signals, including RSI divergence and overbought conditions, suggests caution. Additionally, the absence of a significant retracement to the 78.6% Fibonacci level warrants a strategic approach to setting stop-loss levels and identifying potential entry points. US Dollar Strength and Interest Rate Differentials: The recent rally in the US Dollar Index (DXY) underscores market expectations of a widening interest-rate differential between the Federal Reserve (Fed) and other central banks. This divergence in monetary policy influences currency movements and has implications for commodities priced in dollars, such as oil. Understanding the interplay between currency dynamics and oil prices is essential for informed decision-making in trading and investment strategies. In addition to fundamental and technical analyses, seasonality patterns offer valuable insights into market behavior. By examining historical price trends during specific times of the year, traders can identify recurring patterns and optimize their trading strategies accordingly. Incorporating seasonality analysis alongside other analytical tools enhances the robustness of decision-making processes and mitigates risks associated with market volatility. Shortby FOREXN1Updated 339
🛢USOIL - BEARISH SCENARIO 📉Hi Traders ! The USOIL Price Formed a Double TOP Pattern. So, Let's Expect The Bearish Scenario: If The Market Breaks and Closes Below The Neckline, We Will See a Huge Bearish Move 📉 TARGET: 81.35🎯Shortby Hsan_BenhmedUpdated 9927
USOIL1. Massive H&S on US Oil Daily. 2. I believe oil will now resume it's macro downtrend. 3. Exact same pattern on the DXY is forming. 4. Never seen sentiment so low or fearful in a bull market. 5. Risk onShortby PistolPeteno17
Crude Oil - In Range- Crude oil is currently trading in a range after a bullish move. - Buy stop and Sell stop orders are in place for potential breakout move. - High of the range is 87.101 and low of the range is 83.993.by AnalytixEdgeByQasimUpdated 1