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USOUSD H4 | Potential bullish reversal?USOUSD could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target. Entry: 89.223 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 88.005 Why we like it: There is a pullback support level Take Profit: 91.762 Why we like it: There is a swing-high resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
CL - Crude Oil Bold CallOh my..I think something big is on the way. Let's first look at what we see on the chart: It's a long-term chart, where each candlestick represents 3 months. Why did I take 3 months? Because I wanted to see the big picture. Look at the red frame. This is a daily chart, and with all the candles going up and down like a rollercoaster, it's messy and will keep you up all night. The yellow chart is the same, but here I have only taken the swings and hidden the bars. And that's real peace of mind. It's clean and shows you where the real pivots are. Let's go to the main chart. The pitchfork goes back to the low we had in the 80s. This is the anchor for the A point. Then the top for B and the negative for C. Do you see how the middle line catches the resistance and the support? What else? It's clean too. Going up in the time frame hides the noise. From now on, the last 3 candles also have support at the centre line. And if I apply Human-AI-Pattern-Recognition (...what a word ;-), then I see a potential huge run-up towards the U-MLH (Upper-Medianline-Parallel). Another fact that supports this thesis is that the USD has the potential to fall (see DXY analysis). And of course there will be other economic influences that will throw "oil" into the fire... kinda weird §8-) However, as we can never have the whole cake and eat it too quickly without the cook cutting off our fingers, we have to wait for the first break of the last swing high, which can be clearly seen in the yellow frame. Or we can start building a position now, taking on more risk but being rewarded with huge upside potential over the next few years. However, my position with this analysis will be very long term. How will I play it? I don't know yet, but I'm considering building a CL monster with Black Magic Options Voodoo §8-) Hope this helps and have a relaxing weekend.
NYMEX:CL1!Long
by Tr8dingN3rd
1
WTI CRUDE OIL Channel Up top and 11month Resistance rejection.WTI Crude Oil / USOIL has completed 2 red 1day candles for the first time since August 23rd. This is after the formation of a new Higher High on the three month Channel Up pattern. In the meantime that High was very close to the 93.80 Resistance A level, which was a Double Top on November 7th 2022. With the 1day MACD about to close a Sell Cross, we couldn't have a steadier sell combination than that. Sell and target 85.00 (bottom of Channel Up and expected contact with the 1day MA50). Follow us, like the idea and leave a comment below!!
TVC:USOILShort
by TheCryptagon
6
USOIL H4 | Approaching pullback supportUSOIL (WTI) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 89.625 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 88.026 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Take profit is at 93.226 which is a recent swing-high resistance 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. Forex Capital Markets Limited (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 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. 74% 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. FXCM Australia 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.
FX:USOILLong
by FXCM
WTI H4 | Approaching pullback supportUSOIL (WTI) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 88.026 which is a pullback support level. Stop loss is at 85.730 which is a level that aligns under the 23.6% Fibonacci retracement level and an overlap support level. Take profit is at 90.300 which is a pullback resistance 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. Forex Capital Markets Limited (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 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. 74% 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. FXCM Australia 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.
FX:USOILLong
by FXCM
WTI H4 | Falling to pullback supportWTI oil (USOUSD) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 89.437 which is a pullback support. Stop loss is at 87.500 which is a level that aligns under a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Take profit is at 92.549 which is a swing-high resistance 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. Forex Capital Markets Limited (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 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. 74% 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. FXCM Australia 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.
FX:USOILLong
by FXCM
CORN vs CRUDE Here's a quick view of CORN vs CRUDE which has been moving together for the past ten years with some variation. With CRUDE pushing highs here (Price Inflation fears rampant) and CORN pushing new lows (Food Deflation - no fears about falling corn prices in the news warning about falling inflation), it seems obvious to put up a chart showing how these two markets are set up at the moment. CORN and CRUDE have moved to an extreme and with CORN pointing lower I am seeing that there is a trade setting up. In the past, I was constructive on CORN and was looking for corn to catch UP to crude oil, but that didn't materialize like it did in the 1970's with a 4-fold advance. The monetary inflation we have had in both cycles would have supported much higher corn prices. However, here we are. Corn has fallen to lows going back more than a year, but the obvious story is that crude oil is making 52-week highs. Side note: You can also see that crude oil is down 7% from 2012 or 11 years ago. This is NOMINALLY as well. Inflation has been substantial for the last 11 years and may be 40% or 50%. Also note that corn is down 45% from 11 years ago "NOMINALLY". After inflation, corn prices are down 60% or more. So, this trade sets up within the near future and you could put both sides on: long corn, short crude. Or you can take sell signals only on all technical setups for crude on the daily chart. I would suggest do a little of both and have 5 different definitions of "technical trend" to follow. The simplest is "sell a 5-day new low" and use a stop over the 5-day high. Stay tuned! Tim West September 20, 2023 11:48AM EST
AMEX:CORNShort
by timwest
5
Crude Oil versus Stock PricesDrops in crude oil have an impact on stocks in a positive way. The important point to remember is that falling crude oil prices have a lagged effect on the overall equity market. How long is that lag? It changes over time but it is approximately 6 months. When oil prices rise, it too has a lagged effect on the market by a variable amount of time. Of course, it depends on many factors, regulatory and global risks constantly change. I am not covering the risk of rising oil price with this chart, only reinforcing the positive impacts of falling oil prices. Oil prices are the most-watched price since we see them on gas station signs everywhere we drive and yet it doesn't have instant impact on the economy. Look at the history of the price of crude oil and the price of stocks. They are related as you can see when I plot the large drops in crude and the price level of stocks when that drop occurred. Tim 9/18/2023 10:19AM EST
FX:SPX500
by timwest
4
gold 8hour advanced xabcd buy/hold setup tp 1985🔸Hello traders, today let's review the 8 hour chart for gold. Recently solid gains off the lows near 1890 usd and currently expecting more gains in this market going into September. short-term pullback in progress, expecting pullback to complete near 1900/1905 usd. 🔸Setup is based on speculative XABCD structure, point X at 1965, point A and 1890, point B at 1948, point C at 1900/1905 usd and finally point D/PRZ at 1985 usd. 🔸recommended strategy bulls: advanced buy/hold setup at point C 1900/1905 usd, TP bulls is 1985 usd, buy/hold setup, patience required. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
OANDA:XAUUSDLong
by ProjectSyndicate
50
Double CPI Day for the EUR & CADCertain weeks stand out in importance, and the week ahead is shaping up to be one of them. On the economic calendar we have the Eurozone & Canada CPI as standouts for Tuesday, UK CPI & FOMC on Wednesday. Such action-packed weeks often provide the catalyst for the next move in the markets. Our attention is currently drawn to the EURCAD for multiple reasons. Firstly, from a technical perspective, we see the EURCAD completing a head and shoulder pattern on a daily timeframe, which is generally associated with a trend reversal. This is further supported by the 200-day simple moving average, which has consistently marked out the trend for the currency pair. With prices recently crossing below the moving average, this could mark a change in the overall trend, potentially heading lower. Further, when looking at the long-term chart, the 1.440 level has been a critical point of support & resistance across its history, with prices often either breaking through with momentum or stopping and bouncing off this level. Looking at each leg of the EURCAD against the USD also reveals an intriguing setup, with the USDCAD trading near the resistance of a descending channel and the EURUSD breaking sharply below its trend support. Both indicate a potentially lower EURCAD. Another interesting comparison we can make is the currency pair with its related markets. Both the Euro and Canadian dollar are deeply tied to the USD; thus, the broad dollar proxy should have some relationship with the pair. By overlaying the inverse dollar index (DXY) and the EURCAD, we see both are closely related with the Inverse DXY pointing towards a slightly lower EURCAD. The same observation applies when we overlay the EURCAD and the Inverse Crude Oil prices, given the correlation of the Canadian dollar with crude prices due to its oil-exporting nature. With CPI numbers out for both economies next week, it is also worth looking at the economic data from both countries. From an unemployment rate perspective, the Eurozone is faring worse than Canada, a trend echoed when we look at YOY GDP. Both indicators suggest a frail Eurozone economy, likely making the central bank more cautious as it tries not to overdo policy tightening and risk sending the Eurozone into a deep recession. On top of that, the recent guidance from both central banks reveals slightly different undertones. The Bank of Canada anticipates higher year-over-year inflation readings, while the ECB forecasts declines in headline inflation and harmonised index of consumer prices (HICP) readings. This further supports the idea that the ECB might be more dovish, while the Bank of Canada could lean towards a hawkish stance. All things considered, the case for a lower EURCAD seems compelling based on the technical charts at key levels, comparisons with other markets, and central bank stances. We could express this view via the CME-listed Euro/Canadian Dollar with a short position at the current level of 1.440, take profit at 1.380 and stop loss at 1.457, offering a risk-reward ratio of 3.5. Alternatively, the currency pair can be synthetically constructed using the more liquid Euro FX Futures and Canadian Dollar Futures. To establish a short position on the EURCAD, one can sell 2 EURO FX Futures and buy 1 Canadian Dollar Future. This approach approximates the hedge for the position, considering that each EURO FX Futures contract represents 125,000 Euros, and each Canadian Dollar Futures contract corresponds to 100,000 Canadian Dollars. At the current exchange rate of roughly 1.44, 1 Euro FX Futures contract is equivalent to approximately 180,000 Canadian Dollars, resulting in a 2:1 ratio. Each 0.0001 per Euro increment for the Euro/Canadian Dollar Futures is 12.50 Canadian dollars, while each 0.000050 per Euro increment for the Euro FX Futures is $6.25 and each 0.00005 per CAD increment for the Canadian Dollar Futures is $5.00. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: thoughtleadership.rbc.com www.ecb.europa.eu www.cmegroup.com www.cmegroup.com www.cmegroup.com
Short
by inspirante
2
WTI H4 | Potential bullish reversal?WTI oil (USOUSD) could fall towards an overlap support and potentially reverse from here to bounce higher towards our take profit target. Entry: 89.670 Why we like it: There is an overlap support level Stop Loss: 88.005 Why we like it: There is a pullback support that aligns below the 23.63% Fibonacci retracement level Take Profit: 92.577 Why we like it: There is a multi-swing-high resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
Crude Oil Repeating the Pattern from 1985 to 2008I posted this pattern originally back in 2019 which showed the relationship between sharp drops in crude oil prices and the resulting support levels created in the stock market, as measured by the $SPX500 S&P500 Index. Crude oil has basically gone sideways over the last 40 years when adjusted for inflation and when you factor in efficiency in that we get 22 mpg on average now in our vehicles vs closer to 10 mpg back in the early1980's. Essentially, the price of oil has only kept up with inflation. When there is a spike in crude oil, it sets the seeds of its own destruction. We figure out how to use less and save more and find more oil. In this latest spike, there is a strong move again to save in the form of solar panels, battery storage and natural gas. Time will tell how the current pattern pans out. The historical pattern suggests downside risk of 30%-40% for crude oil and upside of 200% which is a decent 10 year risk/reward ratio. If crude oil falls 20% from current levels near $84/barrel on 9/22/22, the risk/rewards gets extremely attractive as it drops to down 40%. The upside potential becomes 400% and the downside risk is 10% or less at that point. Stay tuned! Tim West Key Hidden Levels Chat Room - Time@Mode Method specialist
FX_IDC:USDWTI
by timwest
2
Brent above @$100 might not be a myth !Brent have two recent bottoms 1.June 2023 ($72) and 2. August 2023 ($82.5) and has rallied more than 33% since July. The rally still looks to be continuing without till 496, $98.5 and $100 very soon. Given the strong momentum buildup and supply cuts from OPEC+ has given the oil a due rally which the cartel was expecting since June 2023. Technically speaking levels of $126 are also on the charts as the commodity is breaking out of a Declining wedge pattern which was in formation from Jul 2022 to Jul 2023 a strong supply side pressure will be giving the commodity due advantage to rise above $100 to $125.65 as we can see.
TVC:UKOILLong
by chandakpulkit
WTI H4 | Bounce off pullback support?WTI oil (USOUSD) could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target. Entry: 88.140 Why we like it: There is a pullback support level Stop Loss: 84.898 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement level Take Profit: 92.087 Why we like it: There is a resistance level that aligns with the 78.6% Fibonacci projection level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
CADJPY – holding for 109.50 While NOK (Norwegian krone) has the strongest statistical relationship with Brent and WTI crude, we can see a strengthening correlation between crude and the CAD. We see the 1-month correlation between crude and CADJPY at 0.68, so it's meaningful. We also see (on the daily) price breaking out of the top of its recent range of 108.50. While many will be concerned with being short JPY, given BoJ intervention risk, for now, traders remain happy to fade JPY strength as carry is still attractive (given the low volatility). Also, with crude on the rise the market sees this benefiting Canada’s terms of trade, while it negatively impacts Japan’s economics given, they are a big importer of energy. The bulls happy to hold for 109.50, stops on a daily close below the 5-Day EMA.
Long
by Pepperstone
SpotCrude – higher levels starting to impact risk Further highs in crude have been seen in this momentum move. This time courtesy of some punchy OPEC forecasts for a 3.3m barrel p/d deficit in Q4. The IEA (International Energy Agency) are due to provide their update in the session ahead, and one can also expect a change in the forecast, given they previously pencilled in a 230k bpd deficit. $90 is the obvious round-number target for longs, ahead of the Oct 2022 highs of $93.52. Clients are biased to fade the move here though (61% of open positions are now held short), but while crude is certainly overbought one considers the trigger for a pronounced mean reverting move. Higher levels from here are likely going to increase market anxiety, where we see inflation expectations rising once again.
PEPPERSTONE:SPOTCRUDELong
by Pepperstone
1
WTI H4 | Potential bullish bounce?USOIL (WTI) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 85.930 which is an overlap support. Stop loss is at 84.564 which is a pullback support that aligns under the 23.6% Fibonacci retracement level. Take profit is at 88.065 which is a recent swing-high resistance. 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. Forex Capital Markets Limited (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 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. 74% 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. FXCM Australia 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.
FX:USOILLong
by FXCM
WTI H4 | Falling to 23.6% Fibo pullback support?WTI oil (USOUSD) is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 86.176 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 83.321 Why we like it: There is an overlap support level that aligns close to the 50.0% Fibonacci retracement Take Profit: 88.994 Why we like it: There is a resistance level that aligns with a confluence of Fibonacci levels i.e. the 161.8% extension and the 61.8% projection levels Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
WTI OIL Pull-back and final buy opportunity before +$93.00.WTI Oil (USOIL) is trading within a Channel Up pattern since early June with the 1D MA50 (red trend-line) supporting since July 06. Based on the 4H MACD, the price is pulling back at the moment to test the 4H MA50 (blue trend-line) as Support, similar to July 17. If it holds, it will be the final bullish sequence to test the 93.75 Resistance (October 10 & November 07 2022 Double Top), so we will buy and target 93.00. If not, the last opportunity will remain at the bottom of the Channel Up and on the 1D MA50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
8
OIL STOCKS leading CRUDE OILWhat do you mean by a spread? A spread is a difference between two similar markets, in this case oil stocks and oil service companies versus the basic commodity that those oil companies trade in, which is crude oil. There is a substantial trade set up at the moment that presents large returns with a reasonable amount of risk. Shorting Energy Stocks using the $XLE ETF and going long oil with the $USO ETF. In the last two instances, it was $USO that was leading higher without $XLE to support the advance, and $USO collapsed to close the spread. See chart enclosed above. Why does this spread exist? We can point to political promises to "end the use of oil" that forced investors to reconsider the long term valuations of oil stocks. Investors don't typically "own oil" through oil futures, rather they own "oil in the ground" by way of oil companies. Risk $5-$10 in crude oil and 5%-10% in $XLE roughly. If one market moves more than 5% then we can look to increase the position and tighten the stops to break-even. There is no specific 'catalyst' to drive this pair back together at the moment. If the economy opens back up globally, then oil demand estimates will rise and cause people to buy oil futures. Opening up could also drive energy stocks higher too due to very high margins currently in the processing of crude oil into their refined products. The only risk in life is taking no risks. Nothing is without risk. Holding cash leaves you to be exposed to inflation and the loss in purchasing power. The rest of the disclaimers are standard legal ones. I have no positions in this trade yet, but will be considering them. A good way to manage risk is to use options in the form of spreads on both sides of this trade to define a maximum amount of risk in advance. Buying a call spread on $USO and buying a put spread on $XLE would serve to manage risk intelligently. The duration of this trade should be 3 months at maximum.
AMEX:USOShort
by timwest
11
Finding volatility in Labor holiday trading: USDCAD & WTIThe Reserve Bank of Australia is expected to keep its rate on hold in its meeting today, so there might not be anything interesting here. Do we think this rate decision is going to make more of an impact on the Aussie than the Australian GDP (Gross Domestic Product) figures that are released tomorrow? There has been talk of the Australian dollar being undervalued, so I’m going to keep a cursory eye on the AUD/USD anyhow. $0.6520 seems to be an interesting target to the upside for the pair. Similarly, the Bank of Canada’s interest rate decision later in the week is also supposed to be a dud. But a rate rise from the BoC is not entirely off the table considering the opposition that has come out against it recently, including two Canadian premiers David Eby and Doug Ford. With the interest rate decision potentially not having much impact on the USDCAD, it might be better to look at oil prices. On Monday, WTI crude oil surged past the $85 per barrel mark, reaching its highest point in more than nine months (currently $85.49). The anticipation of Saudi Arabia and OPEC+ implementing oil production cuts is propelling WTI prices higher. With oil looking to set new yearly highs, we might like to consider caps on the USDCAD. It recently bounced off $1.3639, coinciding with the surge in oil, so it might not be silly to think of this as the most notable resistance level.
BLACKBULL:WTI
by BlackBull_Markets