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WTI Light Sweet Crude Oil, 7/14/23For Friday, the 72.85 - 72.97 area can contain selling through the balance of the week, above which the 77.63 formation is likely by the end of next week or sooner, able to contain weekly buying pressures - possibly through the balance of July.   A daily settlement above 77.63 indicates the more significant 81.97 long-term resistance level within 1 - 2 more weeks, where the broader market can top out into later year and a significant upside continuation point over the same time horizon.   Downside Friday, closing below 72.85 signals 69.05 within several days, possibly yielding a retest within 1 - 2 weeks of 67.08, able to contain selling on a weekly basis and above which 77.63 remains attainable over the next 3 - 5 weeks.
NYMEX:CL1!
by SpecialeAnalysis
CL - Crude Oil is respecting the Lower extremes ProjectionI've been often asked, how I choose the A/B/C Points when I apply a Pitchfork. Just use context and learn the Swing rules. Then you cannot go wrong, and you will get the correct information from the market when you throw a Pitchfork on the Chart. Be open minded, but don't force your meaning to the market. The market is doing what he wants. So, we look for a change in behavior. Something obvious. FACTS. Don't FOMO. There's plenty for you, even if you miss a couple points or eve $s. Let's put the stalking Hat on.
NYMEX:CL1!
by Tr8dingN3rd
WTI Light Sweet Crude Oil, 7/13/23For Thursday, the 72.41 - 72.84 area can contain selling through the balance of the week, above which the 77.56 formation is likely by the end of next week or sooner, able to contain weekly buying pressures - possibly through the balance of July.   A daily settlement above 77.56 indicates the more significant 81.97 long-term resistance level within 1 - 2 more weeks, where the broader market can top out into later year and a significant upside continuation point over the same time horizon.   Downside Thursday, closing below 72.41 signals 69.05 within several days, possibly yielding another test next week of 67.08 within 1 - 2 weeks, able to contain selling on a weekly basis and above which 77.56 is attainable over the next 3 - 5 weeks.
NYMEX:CL1!
by SpecialeAnalysis
WTI CRUDE OIL approaching the MA200 (1d) for the ultimate sellWTI Crude Oil crossed over the MA100 (1d) and is headed for the MA200 (1d) where 3 months ago (April 12th) had the strongest rejection possible. This is a strong technical sell opportunity, with the price also being near the top of the 1 year Channel Down. Trading Plan: 1. Sell on the current market price. Targets: 1. 66.80 (Support 1) and if a (1d) candle closes below, extend selling to 63.65 (Support 2). Tips: 1. The RSI (1d) is headed for the 70.00 overbought level. Last time that high it was on the April 12th High rejection. Please like, follow and comment!! Notes: Past trading plan:
TVC:USOILShort
by TradingBrokersView
3
WTI Light Sweet Crude Oil, 7/12/23For Wednesday, 72.83 can contain selling through the balance of the week, above which the 77.48 formation is likely by the end of next week or sooner, able to contain weekly buying pressures when tested - possibly through the balance of July.   A daily settlement above 77.48 indicates the more significant 81.97 long-term resistance level within 1 - 2 more weeks, where the broader market can top out into later year and a significant upside continuation point over the same time horizon.   Downside Wednesday, closing below 72.83 signals 69.15 within several days, possibly yielding another test next week of 67.08, able to contain selling on a weekly basis and above which 77.48 is attainable over the next 3 - 5 weeks.
NYMEX:CL1!
by SpecialeAnalysis
USOIL H4 | Bearish reversal from overlap resistance?USOIL could approach a key overlap resistance and potentially reverse off this level to drop lower. The sell entry level is set at 74.034 which an overlap resistance. Stop loss is at 76.944 which is an overlap resistance that aligns above the 61.8% Fibonacci retracement level. Take profit is at 70.005 which is a pullback support that sits just above the 61.8% Fibonacci retracement level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. 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. 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. 71% 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 EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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 FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
FX:USOILShort
by FXCM
2
USOIL H4 | Approaching resistanceUSOIL is rising towards a key overlap resistance. Price could hit the sell entry at 74.034 and potentially reverse from this level to drop lower. Take profit is at 70.005 which is a pullback support that aligns above the 61.8% Fibonacci retracement. Stop loss is at 76.944 which is an overlap resistance that aligns above the 61.8% Fibonacci retracement level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. 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. 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. 71% 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 EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
FX:USOILShort
by FXCM
USOUSD H4 | Rising into resistance?USOUSD is rising towards a key resistance and could potentially reverse from here. We could see price drop down to our take profit target. Entry: 74.377 Why we like it: There is an overlap resistance Stop Loss: 77.001 Why we like it: There is an overlap resistance Take Profit: 70.481 Why we like it: There is a pullback support that aligns with the 50% Fibonacci retracement 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:USOUSDShort
by VantageMarkets
WTI Light Sweet Crude Oil, 7/11/23For Tuesday, 72.83 can contain selling into later week, above which the 77.41 formation is likely by the end of next week or sooner, able to contain weekly buying pressures when tested, possibly through the balance of July.   A daily settlement above 77.41 indicates the more significant 81.97 long-term resistance level within 1 - 2 more weeks, where the broader market can top out into later year and a significant upside continuation point over the same time horizon.   Downside Tuesday, closing below 72.83 signals 69.25 within several days, possibly allowing another test of 67.08 by the end of next week, able to contain selling on a weekly basis and above which 77.41 is attainable over the next 3 - 5 weeks.
NYMEX:CL1!
by SpecialeAnalysis
WTI Light Sweet Crude Oil, 7/10/23A two-sided framework continues through summer between 62.14 long-term support, and 81.97 long-term resistance, both regions able to contain seasonal activity.   Downside, a weekly settlement below 62.14 indicates 53.87 within several months, longer term Fibonacci support able to contain selling into later year.   Upside, a weekly settlement above 81.97 indicates 94.67 within several months, able to contain annual highs. - For Monday, 72.82 can contain selling into later week, above which the 77.34 formation is likely by the end of next week or sooner, able to contain weekly buying pressures when tested, possibly through the balance of July.   A daily settlement above 77.34 indicates the more significant 81.97 long-term resistance level within 1 - 2 more weeks, where the broader market can top out through the balance of the year and a significant upside continuation point into later year.   Downside Monday, closing below 72.82 signals 69.35 within several days, possibly another test of 67.08 by the end of next week, able to contain selling through next week and above which 77.34 is attainable over the next 3 - 5 weeks.
NYMEX:CL1!
by SpecialeAnalysis
USOUSD H4 | Approaching overhead resistance?USOUSD is rising towards a key overlap resistance and could potentially reverse from here. We could see price drop down to our take profit target. Entry: 72.782 Why we like it: There is an overlap resistance that aligns with the 100.0% Fibonacci projection level Stop Loss: 74.377 Why we like it: There is an overlap resistance that aligns with the 127.2% Fibonacci projection level Take Profit: 70.113 Why we like it: There is an overlap support 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:USOUSDShort
by VantageMarkets
Brent to stall at trend of lower highs?Brent - 24h expiry Daily signals are bearish. Trend line resistance is located at 76.60. 50 1day EMA is at 76.35. We look for a temporary move higher. Preferred trade is to sell into rallies. We look to Sell at 76.39 (stop at 77.39) Our profit targets will be 73.89 and 73.39 Resistance: 75.90 / 76.40 / 77.34 Support: 75.20 / 74.80 / 74.40 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:BCOUSDShort
by OANDA
us-oil 2nd July After a bearish first half of the week, we shifted up and into our current bullish narrative, and we have carried this bullishness over into the end of our week, so iam looking to catch the rest of our bullish move as we carry over into this week. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
TVC:USOIL
by rosshayes
WTI OIL approaching the MA50 (1d) againWTI Crude Oil is approaching the MA50 (1d) again, the 3rd time this month and fourth since May 24th. All tests have resulted in rejections and another one may confirm the emergence of a Channel Down. A closing above it though, targets the MA100 (1d). Trading Plan: 1. Sell near the MA50 (1d). 2. Buy if we close a candle above it. Targets: 1. 67.15 (previous Low). 2. 73.50 (the MA100 1d). Tips: 1. The RSI (1d) is trading inside a Rectangle. Its bottom is a buy opportunity and top is a sell. Use this in combination to the above. Please like, follow and comment!! Notes: Past trading plan:
TVC:USOILShort
by TradingBrokersView
7
WTI Light Sweet Crude Oil, 6/29/23For Thursday, the 67.08 level can contain weekly selling pressures, above which 72.77 is attainable by the end of next week, possibly yielding 77.17 by the end of July. Upside Thursday, 69.95 can contain session strength, while closing above 69.95 signals 72.77 within 2-3 days, where the market can top out into later next week and the point to settle above for yielding the more meaningful 77.17 within 3-5 more days. Downside Thursday, closing below 67.08 indicates 64.10 within 3-5 days, 62.14 longer-term support within 2-3 weeks, where the broader market can bottom out through summer activity
NYMEX:CL1!
by SpecialeAnalysis
USOIL H4 | Falling to overlap supportUSOIL is falling towards a key overlap support. Price could hit the buy entry at 67.315 and potentially reverse to bounce higher. Take profit is at 69.934 which is an overlap resistance. Stop loss is at 65.749 which is an overlap support that sits under with the 78.6% Fibonacci projection level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. 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. 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. 71% 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 EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
FX:USOILLong
by FXCM