USOIL - Interesting.. It can be seen how the resistance points are also liquidity points. It goes slowly but always ensures the manipulation! Keep it Simple! If you like it, don't forget to follow me :) Shortby DAISTRUM2
Crude oil trade rise and fall analysis On Friday, during the European trading session, WTI crude oil prices fell slightly. WTI crude oil futures experienced modest gains during the Asian session after Israel attacked Iran, initially surging 3% but later giving up most of those gains. The escalation briefly raised concerns about potential supply disruptions, but those concerns faded as the situation developed as it became apparent that there was no immediate threat to oil flows. WTI crude oil has fallen 6.5% from last week's 2024 highs, despite ongoing tensions in the Middle East and important U.S. economic data that cannot be ignored. The short-term outlook for oil prices is bearish, driven by high global inventory levels and lower immediate impact of tensions in the Middle East on supply channels. While markets remain wary of geopolitical escalations that could disrupt supply routes, the current supply glut is likely to depress prices. Investors should remain vigilant and pay close attention to geopolitical developments and strategic policy changes that may affect market conditions. Today's price surge and then rapid reversal points to the presence of bears, putting further downward pressure on WTI crude oil futures. Clearly, traders are selling on the rallies and this selling is likely to continue as long as demand issues persist and there are no offsetting supply disruptions. This keeps traders’ eyes focused on the 50-day moving average at $80.10. This level affects the medium-term trend. Shortby Jerome-LeonUpdated 2
#Oil #WTI Update#Oil #WTI. Indeed, after some rekindling, I was able to reassess the previously green scenario as the most probable. Now I've labeled it in black. The chart could be indicating that a disaster is imminent.by Fomenka5
Oil gives back overnight gainsOvernight, crude oil surged higher as news broke of explosions around an airfield in Isfahan in Iran. Israel is widely considered responsible, but has yet to comment. The limited strike is thought to be the Israeli response to Iran’s direct attack on the country last weekend. Iran has played down news of the strike, and it currently feels as if this won’t be the precursor to an escalation in hostilities. Both WTI and Brent rallied around 3% in the immediate aftermath of the breaking news. But those gains steadily evaporated over the course of this morning, and at the time of writing, both Brent and WTI are unchanged from yesterday’s closes. This means that crude is continuing to slide back towards significant support which comes in at $80 and $85 for WTI and Brent respectively. This price action is further evidence that the market is relatively unconcerned with the ongoing hostilities across the Middle East. Instead, it is more exercised over the outlook for global demand growth for this year and beyond. China’s economy is not recovering as sharply as many investors had hoped. This weighs heavily on the price of oil as China is not only the world’s second largest economy, behind the US, but also the world’s largest importer of crude. Investors are also pricing in the likelihood that interest rates in the US and elsewhere are likely to stay higher for longer. This should weigh on economic growth going forward, and thereby dampen crude demand growth.by TylerNorcross0
Oil WTIThe price of oil has fluctuated due to geopolitical trends, but oil is still more valuable and can reach its original price during a medium-term monthly or weekly period. I have considered 3 targets for oil, the most important of which is target number 1.Longby sashacharkhchian2
WTI Will Fall After Recent Middle East EventsThe oil price rose on reports of an Israeli attack on Iranian territory. However, since the attack occurred in a very limited scope and both sides seem to be giving each other the opportunity to exit the conflict with face-saving, it is expected that the price of WTI will soon decrease again. This assessment is supported by a hidden bearish divergence in the CumulativeDelta.Shortby OchlokratUpdated 1
$WTI oil trendBLACKBULL:WTI has been over the 200ma since February 2024 with the uncertainty in the gulf states and a possible blockade oil prices would surge , but this is oil we are talking about , this chart I'm taking the stance of an increase up to $87 usd over the next week as a top price but could surge if events escalate , on the downside there could be a massive pull back if theres de escalation , most unlikely at this stage but it is good to be mindful of such events , as is usual with oil the volume in either direction will lead the market, i have still got a huge amount to lean about this future , all comments appreciatedLongby sircashalotlotUpdated 3
Global analysis of crude oil trade Crude oil prices fell as markets trimmed geopolitical risk premiums on concerns about escalating tensions between Iran and Israel, ANZ Bank said in a note on Thursday. Crude oil prices plummeted to the 82.5 line in the early morning. For Thursday's white market, the market's intuitive performance is short. Intraday rebound resistance can focus on 83.2-83.7-84.2. In terms of support, focus on the hourly upper and lower rails of 81.7, the 4-hour MA60 moving average supports the 80.8 line, and further focus on the 80 mark below as a defensive support point. Overall, crude oil prices are under pressure and have fallen below the Bollinger Band, with a downward breakthrough more likely. It is recommended to go short on rallies by Jerome-LeonUpdated 3
USOIL LONGHi traders, we can see the price surged to the upwards and currently in a steep pullback. It makes its high probability move to buy the dip. I will be bullish along as price doesn't break below 81.00 level. I will wait for some sort of break of structure and a retest as well as a rejection. Therefore, don't rush into impulsive trades, wait for price to come at significant/psychological level in order to execute and be patient. In addition, think big in probabilities and biases so you don't be disappointed when market doesn't play out the way you expected it to. Follow me for more weekly predictions and hit the thumbs up button, comment and share!Longby Nas100_dax5
USOIL stands at 85.25The current selling zone for USOIL stands at 85.25. It's an opportune moment to consider taking profits at various levels: 85.00, 84.50, and 84.00. These targets offer strategic exit points to capitalize on potential market movements. Meanwhile, it's prudent to set a stop loss at 85.90 to mitigate potential losses in case the market moves against the anticipated direction. This structured approach to trading helps manage risk and optimize gains in the volatile oil market. By adhering to these carefully calculated levels, traders can navigate the market with confidence and discipline, enhancing their chances of success in the ever-changing landscape of commodities trading.by FOREX_trade_01Updated 108
CRUDE OILprice coming down respectfully on a cluster of fair value gap, prev day's high and between fib .618-.786, lets see if it continues going longLongby svshurz112
Possible US OIL long position triggered Went long with a smaller position than usual Still 1/3 RR ratio Bought on D1 DZ and W imbalance Longby EquilibriumTradingAlexMOUpdated 336
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