✅CRUDE OIL LONG FROM SUPPORT🚀 ✅CRUDE OIL is going down to retest a horizontal support of 77.00$ Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 78.81$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx113
Us oilUs oil —— short & buy patterns, hope market follow our style, if u like & hit like button . Thanks. by go4mudi8
USOIL LongDaily bias is bearish but we can definetly expect price to come back up a bit with the recent Change of charachter on the 4H/1H TF i would like to long from hereLongby Roffaboy0101
Long On USOILyou can take long position from 77.5 to 78 with proper risk management. According to my strategy i see buy from hereLongby qabzagroup5113
Crude Oil Trading Strategy-May 12-17Oil has started the previous week with a lot of bearishness, resulting in prices reaching 76.66, which resulted in liquidity grab followed by a beautiful bounce shooting up oil to 79.65 levels on early Friday session. Oil faile to breach those highs which resulted in downwards pressure and sell offs resulting in a decline in prices till 77.89. Apparently Oil needs more liquidity in order to breach the 79.65-80 levels which would be only achievable by grabbing liquidity around those key levels (showing on the chart) If those key levels fail to hold Oil, we can expect even more bearishness which would take he prices to 75.9 74.5 levels. by T_Shelby_010
USOIL BUYWe could proberly see a potential buy for USOIL this coming week. Will be watching for an opportunity on lower TF . Feel free to share your viewsLong01:18by WiLLProsperForex4
USOIL CAN GO FOR A DECENT RETRACEMENT WITH THIS BREAKOUTThe USOIL has recently signaled a bearish breakout from its previously bullish channel. Additionally, there's notable evidence of selling pressure around a highlighted resistance level, suggesting a reversal in trend. As a result, we anticipate a continuation of the bearish trend towards a significant support level, which has previously shown considerable buying interest.Shortby traderchamp_12
USOIL WILL SLIP DOWNSIDE Hey There on 1htF the USOIL has looking for short scenario till our next Target 76.75 so we can observe that can slipped again from 78 to 76-75 so that can be rebound in these area but we can first have to watch continue sell side area Shortby DvsTraderfirm1
USOIL: Forecast & Trading Plan The analysis of the USOIL chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals115
USO USOIL CL1 OIL 4 Hour AnalysisI provide here a guide to how to short, when to long and where 4 hour bullish liquidity will be found, as well as no trade zone. 5DMA is safety so you need to wait for a not only rejection off buy channel (yellow) but also a failure below 5DMA in order to take a short. Long above $80 and wait for structure such as a retest of 4 hour sell channel for liquidty to develop. Bull IHS forming on the 4hour and right shoulder may be developing.by rook2pawnUpdated 223
WTI to continue long before going downI think WTI will finish its correction to 77.6 then continue up again to about 80.9. After which we will see a sharp decline to 76.0.Longby SaymaShahid225
WTI CRUDE OIL: Selling until the end of the month.WTI Crude Oil is bearish on its 1D technical outlook (RSI = 35.492, MACD = -1.060, ADX = 41.641) as it got rejected on the 1D MA200 today. The longer it remains under the 1D MA50, the stronger the selling will be. Being inside a Channel Down similar to October-November 2023 that extended all the way to the 1.5 Fibonacci level, we are expecting selling for the rest of the month. The 1.5 Fib is now just over the S2 level and that is our medium term target (TP = 71.50). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Shortby InvestingScope3317
Crude oil-searching for supportCrude prices continued to recover this morning having fallen sharply over the past fortnight. On Wednesday front-month WTI dropped below $77 per barrel to hit its lowest level in two months. There has been a bounce since then, which has taken WTI back up towards $80. The MACD on the daily chart is starting to turn up, suggesting that upside momentum is building and that oil could push higher from here. But it is too early to know if this could be the start of a significant rally. In fact, prices pulled back from their best levels as Friday’s session progressed. There’s no doubt that the last leg of the sell-off since early April will have driven out many holders of long positions. It will have been a frustrating time for them, having hung on in the expectation that the violence across the Middle East, particularly when it broke out beyond to include Iran directly, and concerns over supply disruptions due to the war in Ukraine, have failed to push prices higher. Instead, it feels as if every bit of news, no matter how insignificant in the grand scheme of things, has conspired to push prices lower, with last week’s unexpected US inventory build being an example. Overall, it has been the outlook for demand growth which has weighed so heavily on oil. The dial-back in US rate cut expectations, and a lack of clarity over the state of the Chinese economy, have driven prices down. The next few weeks may help traders decide if the worst is now over.by TylerNorcross2
Usoil-analyze Yesterday I thought oil would reach 79.5, and I thought that if oil closed at 79, the probability of rising today would be high, but the highest it could only reach 79.2. After my analysis today, I believe that oil started to fall from 87.6, reached as low as 77, and finally fell to around 76.9, a total drop of almost 11, so I judge that oil has some room for repair. My short term goal is 79.5-80, let's see if we can get there Today's closing price is also very important. If it can break through 79.2 and stand firm, the probability of oil continuing to rise tomorrow will increase, and it may even reach 81. If today's closing price is below 79.2, oil may continue to fluctuate between 77-80. What if you don't know how to trade? Join me as I analyze and provide ideas every dayby COlin_discussion_groupUpdated 118
WTI Short Setup i have right now a short setup on OIL, after breaking last support at 79.04Shortby GrandeMaster2
Crude oil continues to be shorted at high pricesCrude Oil Technical Analysis Daily resistance is 79.6-83.4, support below is 76.8 Four-hour resistance is 79.6-80, support below is 78-76.8 Crude oil operation suggestions: Shorts dominate the daily chart, and the trend of suppressing shorts and oscillating downwards has been formed for 6 consecutive trading days. The short-term resistance above today continues to focus on the vicinity of 79.6. The rebound relies on this position to continue to be bearish and the target continues to be new lows. The short-term oil price long-short dividing line focuses on the 80.5 mark. Any counterattack before the daily level does not break through and stand at this position is Short opportunities and keep trading with the trend. SELL:79.6 near SL:80.00 SELL:83.4 near SL:83.80 SELL:79.0 near SL:79.40 Technical analysis only provides trading direction! Shortby ActuaryJUpdated 3326
Market Analysis: Crude Oil Price RecoversMarket Analysis: Crude Oil Price Recovers Crude oil is recovering and might rise toward the $81.20 resistance zone. Important Takeaways for Oil Price Analysis Today Crude oil is recovering losses and trading above the $78.55 support. There was a break above a connecting bearish trendline with resistance near $78.40 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the FXOpen hourly chart of WTI Crude Oil, the price found support near the $76.70 zone, formed a base, and started a recovery wave above $77.75 and the 50-hour simple moving average. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $81.22 swing high to the $76.68 swing low. Besides, there was a break above a connecting bearish trendline with a resistance near $78.40. The hourly RSI is near the 65 level, but the price is struggling near $79.50. It is close to the 61.8% Fib retracement level of the downward move from the $81.22 swing high to the $76.68 swing low. A clear move above $79.50 could send the price toward the $81.20 resistance. Any more gains might send the price toward the $83.00 level. Conversely, the price might start a fresh decline from the $79.50 resistance. Immediate support sits near $78.55. The next major support on the WTI crude oil chart is $77.75. If there is a downside break, the price might decline toward $76.70. Any more losses may perhaps open the doors for a move toward the $75.00 support zone. 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 FXOpen119
WTI Oil Price Recovers Quickly From March LowsWTI Oil Price Recovers Quickly From March Lows On May 8, the price of WTI crude oil fell below $77 per barrel for the first time since March 11. But on the morning of May 10, it was above $79 – an increase of almost 3% in less than two days. Several factors contributed to the significant rise in the price of WTI crude oil. According to Reuters, among them: → Increased oil demand from the United States. Data released on Wednesday showed a drop in US crude oil inventories, driven by increased refinery utilisation. → Growing demand from China. Data published on Thursday showed an increase in oil imports. → Ongoing concerns about possible supply disruptions due to escalating conflict in the Middle East. Negotiations to end hostilities between Israel and Hamas failed, and Israel attacked the Palestinian city of Rafah. On April 19, we wrote about the possibility of a bearish breakdown of the ascending channel line, which would be welcomed by the US administration, where the presidential elections are getting closer and closer. Since then, the price of oil has broken down the median line and the support line at $80.70, which may act as resistance in the future. The WTI crude oil chart shows that: → the price is within the ascending channel, which has expanded two times since the last post according to the principle of parallel channels; → the bullish reversal on May 8-9 formed a test of its lower boundary; → the exhaustion of selling pressure was indicated by a bullish divergence on the RSI indicator. If demand from major economies strengthens and the geopolitical environment continues to deteriorate, this could create the conditions for the WTI crude oil price movement within a sustained upward channel. 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 FXOpen2211
USOIL SHORT FROM RESISTANCE Hello,Friends! The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 77.07. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 114
WTI Oil H1 | Potential bullish breakoutWTI oil (USOIL) is trading close to a breakout level and the bullish momentum could potentially push it higher from here. Buy entry is at 79.89 which is a potential breakout level ( Wait for the 30-min candle to close above this level for confirmation ). Stop loss is at 78.70 which is a level that lies underneath a pullback support. Take profit is at 81.23 which is a pullback resistance that lies underneath the 61.8% 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.Longby FXCM6
Crude Oil (WTI) may rise to 80.45 - 80.80Pivot 79.25 Our preference Long positions above 79.25 with targets at 80.45 & 80.80 in extension. Alternative scenario Below 79.25 look for further downside with 78.70 & 78.25 as targets. Comment The RSI is bullish and calls for further advance. Supports and resistances 81.30 80.80 80.45 79.90 Last 79.25 78.70 78.25 Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson2
Oil prices indicate a potential for further declineOil prices have dropped below $77.5, hinting at possible further decreases. The next support levels are around $76.8 and $76. With tensions in the Middle East, caution is advised for investors as geopolitical issues often affect market trends.Shortby Joe_bghlmUpdated 5