Get started

Crude Oil

USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
FX:USOILLong
by ShahedZare
WTI OIL, Establishes Major Triangle Formation, Next Steps Ahead!Hello Traders Investors And Community, welcome to this analysis where we are looking at CRUDE OIL 4-hour timeframe perspective, the recent events, the current formational-structure, and what we can expect from CRUDE OIL the next times. As CRUDE OIL has recovered from its breakdowns seen this year to almost 0.00 USD which I mentioned the day this historical OIL crash happened we need to see if this recovery is serious and healthy on or if it just moves to note at lower levels again. As many experts stated such a major oil breakdown can happen again when the supply and demand balance does not move sufficiently and such shocks happen again. Furthermore, I detected some interesting and worthwhile technicals in the 4-hour chart which can determine the further outcome and go on to affect it also in the higher timeframes. As you can watch in my chart marked with the blue lines CRUDE OIL formed a major rising-triangle-formation with several confirmations of the higher and lower boundary where it recently confirmed with a protracted bearish move below the lower boundary which overall confirms this formation which is normally a bearish one and therefore more downside, furthermore, it is possible that CRUDE OIL forms some up-moves the next times to confirm the lower boundary as you can watch it marked in my chart before going on to look for downside targets. In this case it is important that CRUDE OIL shows bearish signs when the lower boundary has touched and moves to continue downside otherwise it can move higher and possibly invalidate the triangle which is not high at 30 % possibility but it is given therefore it should not be ignored. As you can watch also marked in green in my chart the 100-EMA which held the bullish trend to the upside now broken to the downside and therefore another validation for bearishness in the short-term. When CRUDE OIL falls below the 800-EMA marked in black also this can cause more bearish pressure and activation not only of the minimum-target-zone you can mark in my chart but also of lower levels. This formation structure can be traded either with immediate aggressive entry or conservative after the confirmation has occurred as there is still a small possibility given that the triangle invalidates the best way will be the conservative when the decisive confirmation has occurred. When CRUDE OIL moves on it will be highly interesting what it will do further and also on the higher timeframes as there are still some important signs to look at upon. In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you! Trading effectively is about accessing possibilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
TVC:USOIL
by VincePrince
16
USOIL to drop toward $76 per barrel?After reaching nearly $85 per barrel three days ago, USOIL drifted lower with the global stock market. In the process, it retraced to its 20-day SMA, which acts as a significant support level. Furthermore, RSI, MACD, and Stochastic started to reverse and point to the downside on the daily chart. This bearish development could coincide with a short-term trend reversal and foreshadow USOIL’s return to the area between $75 and $76 per barrel. We want to see a bearish crossover between DM+ and DM- (on the daily time frame) to further bolster the bearish case. In addition to that, we would like to see the previously mentioned indicators continue to develop bearish structures. Illustration 1.01 Illustration 1.01 displays the daily graph of USOIL and two simple moving averages. The yellow arrow indicates a price retracement toward the 20-day SMA, which currently acts as a support level. If the support fails to stop selling pressure, it will raise the bearish odds. Technical analysis Daily time frame = Bearish Weekly time frame = Neutral Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
8
Crude Oil ~ Snapshot TA / Bullish ReversalWell well, H&S Short Position was there ready to be taken - but unfortunately Price Manipulators were also ready to defend.. First warning sign was wick reversal beyond 38.2% Fib. Second warning sign was another reversal just underneath previous wick for the Stop Hunt. Price action has since rallied above neckline, consolidating just under 23.6% Fib. In hindsight, makes sense why Market Makers would intervene an imminent sell-off when globally significant news haven't hit wires yet (Powell/Jackson Hole). All you can do is highlight key levels, set alerts & wait for Trade Setup to come to you.. Ps, retained H&S Short Idea on chart as reminder & part hopefulness of potentially playing out lol...we'll find out soon. Boost/Follow appreciated, cheers :) CAPITALCOM:OIL_CRUDE TVC:USOIL TVC:UKOIL NYMEX:CL1! NYMEX:CL2!
CAPITALCOM:OIL_CRUDE
by BlueHatInvestor
CRUDE OIL - DAILYCrude Oil , It closes the week in the favorable zone after having a price correction, it can be a discount, but also the price can reject the resistance from 81 and retest 78, also a negative thing is that it made a LL on the daily after the neckline- the structure was broken and confirmed 2 days in a row with LL but every day it managed to close the day above the support level, I also have to mention that this increase on Friday came after Opec announced a new cut of barrels for maintenance the price as stable as possible, which for a short time can keep the price alive, but long term for investors, it is just an extension of the term before a serious price correction. Example: You have a car with problems, the problem is somewhere in the engine and you know that in the long term the car cannot take you to long destinations, but in order to go to short destinations, you go to the mechanic every month to fix the engine enough to last you another month, but long term, you know that one day the car won't work even in those short destinations and it simply won't work for me. This is also the case with Crude Oil now, in MY OPINION< yes? it's just a personal opinion and you don't have to copy it. My opinion is that OPEC and the necessary authorities at this moment are cutting production monthly to maintain the favorable price, but in reality without these cuts that have already been in place for several months, the price would have dropped a lot. On the other hand, India made the first oil order for the first time in its history and will pay it in rupees, their national currency, this will impact the price of oil in the long term because in Brics, at this moment countries can pay in their national currency, the conversion was subsequently made automatically, unlike until now when India paid the contracts based on DOLLARS. At the moment I am Neutral - Bearish on the Crude Oil price and I am waiting for this support from 78 to be broken so I can enter a Short again! , I already had a superb short in the area of 83, I am waiting for a new entry possibility.
CAPITALCOM:OIL_CRUDE
by sfc95
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
FX:USOILLong
by ShahedZare
Crude Oil potential shortCrude oil is looking double sided, potential drop or bounce of support. Next week will be interested how it will pan out. Will support hold up? Will oil dump? The one day uptrend has been broken since the last high has been broken through and so far a little down trend has formed and it looks like Friday could have been a pull back to continue the 5th wave of this down trend. Watch on Monday, sell if oil breaks through support. And buy if the potential upside forms, buy. If it begins to break through support, we sell with a stop loss at around 80 for a decent stop loss and around 80.6 for a looser one. The target is minimum of 78. If it starts bouncing off, we buy and set stop loss for around 79.1 (a lot of risk for bullish side) and target is 81 and higher if we continue to move the stop loss up. THIS IS NOT FINANCIAL ADVICE JUST PRACTICE...
TVC:USOIL
by darzzzz
Crude oil: Three waves down keep the bull trend aliveCrude oil came down this week with risk-off flows as USD keeps moving higher ahead of details from Jackson Hole economic event. However, the drop is in three waves for the crude with the current price now approaching the upper side of the corrective channel, where successful breakout with a daily close above $80.50 or higher, can lead to a bullish trend once agian. From an Elliott wave perspective, we will be expecting a fifht wave up then, but possibly we may have to wait on stocks to stabilize as well (SP500 support is at 4300), before bulls may become more confident here and strong. Have a nice weekend everyone. GH
NYMEX:CLV2023Long
by ew-forecast
Crude Oil ~ Snapshot TA / H&S BreakdownCAPITALCOM:OIL_CRUDE capitulating under pressure from Macro-Economic headwinds. Bearish H&S development. Waiting for price action to either break/close below (higher timeframes), or break & re-test Neckline Support to trigger pattern confirmation. Extrapolation = Golden Fib target zone. Notes: - Neckline + 50WEMA/100WEMA crossover confluence - 38.2% Fib + 50DEMA confluence - Demand Zone (white box) + 200DMA, 100DEMA, 20WEMA confluences Boost/Follow appreciated, cheers :) TVC:USOIL TVC:UKOIL NYMEX:CL1! NYMEX:CL2!
CAPITALCOM:OIL_CRUDEShort
by BlueHatInvestor
2
NatGas - No Moon Until DoomIn mid June, I had made a call that Natural Gas was about to rally, because price action and timing supported a move upwards. Natural Gas - The Girl Who Hopes You Remember Her But that call became abandoned as I enlightened and improved further, and began to note that rallies were sold off and lows kept being taken. The trade degenerated into looking at a sweep over $3 and then a sweep over $2.9, and turned into abandonment. Before we go far, I want to tell you that you need to keep your eyes on the situation with China. The first thing you notice is that the propaganda machine and politicians are rarely going after "the Chinese Communist Party" but are always going after "China." This is very strange. China is the world's only 5,000 year country and holds the largest population. If you think about it even a little bit, the CCP would be so easy to topple, wouldn't it? Considering the Party has killed a magnitude more of its own people in its century of murder than Hitler did among all races during his years of insanity. And the CCP and former Chairman Jiang Zemin have the 24-year persecution and organ harvesting genocide against the Falun Dafa spiritual practice hanging over their head like the blade of a guillotine. You have to keep this in mind and go study it. A really crucial part of the puzzle is that Xi Jinping, for all the criticism and targeting he gets/deserves, has never persecuted Falun Gong. Instead, Xi's Anti-Corruption Campaign has been killing and ruining the Jiang Faction minions who have conducted and operated the persecution. Xi has even protected Falun Gong in Hong Kong after fortifying his rule there with the National Security Law following the 2019 Heaven Will Eliminate the CCP protests. All of this matters very much to the fossil fuels industry because there's a relationship between China and Russia, both in terms of production and demand, that changes greatly if something like the Ukraine War ends or drama over Taiwan suddenly enters nuclear brinkmanship. Looking at current monthly bars, Natural Gas shows some kind of "Bear Flag." What you're seeing, really, is an extended consolidation. This is actually potentially really bullish, to the upside, but we need price action to confirm it's time to go. Unfortunately, July did not show us this. The sweep of the $2 point and the lows in April was not enough to springboard the move, and that's really telling. While many may tell you that natural gas is obviously going to a zero-handle, a look at the yearly bars shows such a thesis really does not make sense. To the contrary, the 2020 pivot should, actually, hold. A classic super long term breakout and retrace. Moreover, $10 was printed for literally one day in 2022, and that's very strange. The problem with the moon turning full right now, is shown on 3 month candles, where this current little red blip only has one month left. This is not a bullish continuation. It's important, in a bullish scenario, to see volume come in and price action to correspondingly reflect that producers want to sell at higher prices and will orca the waves for us normal people. Moreover, in terms of the overall markets, as I post in this week's SPX call, we may be watching the equities/indexes bear market rally top for real. SPX - The Sound of a Shattering Iceberg As for what might be the news driver that harbingers the correction, it may very well be one of the 10 largest banks in America dumping for whatever reason emerges (watch out for commercial real estate): Charles Schwab - The Harbinger Of The Next Crisis? I also posted last week that it seems to me oil is about to head for a literal 3-handle. Oil - A New Long Leg Down Soon Begins And because we have problems with "Taiwan," which is to say the International Rules Based Order's desire to take over China via Taiwan while the Chinese Communist Party falls, I also believe that Taiwan Semiconductor (TSM) is set up as a probable long hedge through to the end of the year and into 2024: TSM - Taiwan, Your Semiconductor Long Hedge Now, in terms of natural gas ranging like it has, sharply dumping, and then beginning a new and major bull impulse, this is not without grounds, for this would be a fractal of the 2020 COVID dump-to-recovery play that saw a doubling into year end: If this were to play out, we'd see something like $1.60 natural gas into $4.8 by the end of the year or Q1 2024. After that, we may really see prices that exceed $10 and begin to flirt with all time highs at $15. The fundamental factors that would cause a 10 bagger on a commodity that literally equates to most of the world's electricity production are fairly significant. Especially considering "climate change" (lol "climate boiling") is attempting to be used as the pretext/excuse to export the Jiang-CCP Zero COVID social credit system worldwide in a way that far exceeds what was done during the pandemic. And so for the call, I would say the "short signal" with the markets hanging out in thin air at present, while we're about to begin a new quarterly shift, is a break of the $2.4 level. You'd want to short that break with a target meaningfully under $1.8 and then cover it without getting greedy. At that point, it's time to look for longs, and if you're a long term position trader, this may be one of the best opportunities you'll come across. But it may not really unfold until next year. And this assumes that my analysis is correct. Right now, daily price action is just showing failure swings, but nobody has stepped in yet to give it the push down the stairs it really needs.
NYMEX:NG1!
by LordWrymouth
32
Crude Oil Outlook for the Next 3 MonthsThe outlook for WTI crude oil in the next 3 months is mixed. On the one hand, global oil demand is expected to continue to grow, as economies around the world recover from the COVID-19 pandemic. This will put upward pressure on oil prices. On the other hand, supply of oil is also expected to increase in the coming months. OPEC+, a group of oil-producing countries, has agreed to gradually increase production. This will help to offset the decline in production from Russia, which has been hit by sanctions following its invasion of Ukraine. As a result of these factors, analysts are predicting that WTI crude oil prices will average around $85 per barrel in the next 3 months. However, there is a wide range of possible outcomes, and prices could go higher or lower depending on the global economic and political situation. How to Trade WTI Crude There are a number of ways to trade WTI crude oil. One way is to buy and sell futures contracts on the NYMEX. Futures contracts are a type of derivative that gives the buyer the right to purchase or sell a certain amount of oil at a specified price on a specified date. Another way to trade WTI crude oil is to buy and sell options contracts. Options contracts are a type of derivative that gives the buyer the right, but not the obligation, to purchase or sell a certain amount of oil at a specified price on or before a specified date. Options contracts can be used to speculate on the future price of oil, or they can be used to hedge against the risk of changes in oil prices. For example, a company that uses oil in its production process might buy put options on WTI crude oil to protect itself from rising oil prices. How to Trade WTI Crude Options There are two main types of WTI crude oil options contracts: call options and put options. Call options give the buyer the right to purchase a certain amount of oil at a specified price on or before a specified date. Put options give the buyer the right to sell a certain amount of oil at a specified price on or before a specified date. The price of an WTI crude oil option contract is determined by a number of factors, including the strike price, the expiration date, and the volatility of the underlying oil price. The strike price is the price at which the buyer of the option can purchase or sell the oil. The expiration date is the date on which the option contract expires. The volatility of the underlying oil price is a measure of how much the price of oil is expected to fluctuate over time. To trade WTI crude oil options, you will need to open an account with a brokerage firm that offers options trading. You will also need to deposit funds into your account. Once your account is funded, you can place orders to buy or sell WTI crude oil options contracts. How Companies Can Hedge Positions with Speculative Trading on the Stock Exchange Companies that use oil in their production process can hedge against the risk of changes in oil prices by trading on the stock exchange. For example, a company that uses oil in its production process might buy shares of a company that owns oil wells. This will help to protect the company from rising oil prices, as the value of its shares will likely increase when oil prices go up. Companies can also use options contracts to hedge against the risk of changes in oil prices. For example, a company that uses oil in its production process might buy put options on WTI crude oil. This will give the company the right to sell oil at a specified price, even if the market price of oil falls. This will help to protect the company from losses if oil prices fall. Speculative trading on the stock exchange can be a risky proposition, but it can also be a way for companies to profit from changes in oil prices. However, it is important to remember that speculative trading is not a guaranteed way to make money. Companies should carefully consider the risks and rewards before engaging in speculative trading. ////////////////////////////////////// Risk Warning Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses. Rating: Mixed Outlook Risk Disclaimer! The article and the data is for general information use only, not advice! The Trade Academy Team - The Professional Trader Risk Disclaimer! General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss.
NYMEX:CL1!
by TheTrade_Academ