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Energy Commodities

USOil Key Resistance Hit: Is WTI Crude Due for a Correction?WTI crude oil appears overextended after a strong bullish rally, trading into a key resistance level amid heightened geopolitical tensions and market volatility. The current price action suggests a potential retracement, with equilibrium around the 50% Fibonacci level being a likely target for correction 📉. Given the reactionary nature of the market, traders should remain cautious as political developments could drive further instability ⚠️. While the technical setup supports a pullback, external factors may disrupt this scenario, so risk management is essential. 📊 Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions.
PEPPERSTONE:SPOTCRUDE
by fxtraderanthony
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower with a gap-down amid growing recession fears. Although it did not reach the 20-month moving average (MA) on the monthly chart, last month’s long bearish candlestick has resulted in a sell signal on the monthly futures chart—the first time in three years since February 2022. From a monthly perspective, the 16,900–17,500 range appears to be a good buying zone, but it is important to monitor whether the index reaches this level within this month’s candle. The 20-month MA is likely to be briefly breached, even if a lower wick forms. On the weekly chart, the Nasdaq is currently finding short-term support around 19,000, but given the large gap between the 3-week and 5-week MAs, a rebound remains a possibility. On the daily chart, a sell signal has not yet been confirmed. If further declines confirm a bearish crossover, the Nasdaq could enter a third wave of selling, with a target of 17,300. The key question is whether the market experiences another sharp drop. However, given the significant distance from the 5-day MA, the more likely scenario is sideways movement for a few days, allowing the moving averages to catch up before a potential further decline. In this case, it is advisable to trade within the range but always use stop-losses. The 240-minute chart also shows strong downward movement. While the market is in oversold territory, making short-selling more favorable, there is also the possibility of a range-bound pattern forming on the daily chart. If taking buy positions at the lows, strict stop-loss management is essential. Crude Oil Oil closed higher following news of tariffs imposed on Russian oil. The price successfully broke above the key resistance at $70, also surpassing the 240-day MA. On the monthly chart, oil has now entered a range where further upside potential exists, and there is a possibility that the MACD could attempt a bullish crossover with the signal line. On the daily chart, the MACD has moved above the zero line, pulling the signal line upward. If the price stays above the 240-day MA, it may form a strong trend reversal pattern with accelerated gains. On the 240-minute chart, the MACD remains above the zero line and is crossing above the signal line, indicating continued buying momentum. Overall, it is best to focus on buying dips, as April’s first trading session could see the price gapping above the 240-day MA. Holding overnight short positions carries risk, so caution is advised. Gold Gold closed higher, driven by strong demand for safe-haven assets. On the monthly chart, gold formed a long bullish candlestick. However, given the large gap between the price and the 3-month & 5-month MAs, a pullback remains a possibility. The key question is whether gold will continue rising before a correction or correct first before resuming its uptrend. It is best to monitor the price action closely. On the daily chart, the MACD is forming a third wave of buying pressure, opening the possibility for a price target around 3,216. Thus, it is advisable to focus on buying dips, while being cautious about chasing highs due to potential volatility. The 240-minute chart indicates that strong buying momentum continues, as gold remains in overbought territory. Since this is the beginning of a new month, key economic reports—including the ISM Manufacturing PMI and the U.S. Jobs Report—could significantly impact gold’s volatility. For both buy and sell positions, it is essential to set stop-loss levels, as increased volatility is expected. With Trump’s tariff policies increasing the risk of a global recession, liquidity in global equity markets is drying up, reducing the attractiveness of stocks. The clear contrast between Nasdaq and gold’s performance is likely to persist for some time. As we enter April’s first trading session, trade cautiously and adapt to market conditions. Wishing you a successful trading day! If you like my analysis, please follow me and give it a boost! For additional strategies for today, check out my profile. Thank you!
CME_MINI:NQ1!
by Futureguard
2
USOIL My Opinion! BUY! My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 68.97 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 69.31 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
1
WTI CRUDE OIL: 1M MA100 providing huge buying pressure to $77.50WTI Crude Oil has reclaimed its bullish technical outlook on 1D (RSI = 62.688, MACD = -0.001, ADX = 49.608) as is about to end the month on a strong green 1M candle and a huge 1M RSI bullish divergence. The most important development here is that the current 1M candle (March) marginally hit the 1M MA100 and immediately rebounded. This trendline has been the market's major long term support since April 2021, so essentially for the last 4 years. We believe that this is enough to cause a medium term rebound to the LH Zone and possibly even just outside of it to test the 1M MA50. For now however, our target is contained inside this zone (TP = 77.50). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
1
CRUDE OIL Bullish Breakout! Buy! Hello,Traders! CRUDE OIL is trading in an Uptrend and the pair made A bullish breakout of the key Level of 70.30$ and the Breakout is confirmed so we Are bullish biased and we Will be expecting a further Move up after a potential Local pullback Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TVC:USOILLong
by TopTradingSignals
1
USOIL: Next Week's Blueprint for Profit Amid VolatilityDuring the US trading session on Friday, March 28th, international oil prices fluctuated slightly and declined. However, both Brent crude oil and WTI crude oil remained firmly near their one - month highs and were projected to register "three consecutive weekly gains" on the weekly chart. The ongoing tug - of - war between the supply tightness instigated by geopolitical unrest and the latent concerns regarding an economic downturn has placed oil prices in a volatile state of being "caught between a rock and a hard place". From the perspective of the USOIL daily chart, following the medium - term trend's breach of the lower edge of the range, it has predominantly fluctuated around lower levels. The oil price has experienced consecutive short - term increases, breaking through the suppression of the moving average system, and the medium - term objective trend has entered a transition phase. Nevertheless, in terms of kinetic energy, neither the bulls nor the bears have demonstrated a clear - cut inclination to overpower the other. It is anticipated that the medium - term trend will persist in its volatile rhythm for a while, awaiting the establishment of a distinct trend direction. The short - term (1H) trend of USOIL has not continuously set new highs and has exhibited a pattern of high - level consolidation. The short - term objective trend remains upward. In the early trading session, the oil price underwent a narrow adjustment at a high level, presenting an overall secondary rhythm with a sound internal rhythm. The fundamental objective trend during the week has been upward in sync, and it is highly likely that the short - term trend of USOIL will continue its upward trajectory next week. USOIL buy@68-68.5 tp:69.5-70 I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
TVC:USOILLong
by JohnGonzalez7
USOIL: GO short positions during the oscillation at a high levelThe short-term trend of crude oil has been oscillating and declining at a high level. The oil price has broken below the moving average system, and the objective short-term trend has entered a transition period. The bearish momentum is gradually intensifying, and the oil price dropped below 70 in the early trading session. In the 4-hour chart, the objective short-term trend direction within this week still remains upward. The trading strategy for crude oil still mainly focuses on the oscillation and decline at a high level. Trading Strategy: Sell@69.8-70 TP:69-68.5 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
TVC:USOILShort
by LeoBlackwood
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed sharply lower, forming a long bearish candlestick, as recession fears intensified. The index fell toward the lower Bollinger Band on the daily chart, while the MACD moved closer to the signal line, indicating a correction. On the weekly chart, the Nasdaq faced resistance slightly above the 5-week MA, forming an upper wick and closing lower. The MACD is falling steeply, and the signal line is also in a downtrend, suggesting the potential for an overshooting move downward before forming a bottom. From a daily perspective, key support zones to watch are around 19,000 (first level) and 18,500 (second level). The MACD has not yet crossed below the signal line, but if a bearish crossover (death cross) occurs, a strong third wave of selling pressure could emerge. Therefore, caution is advised for long positions. However, since the MACD has not yet confirmed a bearish crossover, there is also the possibility of a rebound off the signal line. It is crucial to wait for a confirmed trend reversal before taking long positions. On the 240-minute chart, strong sell signals have emerged, leading to a steep decline. The current price action resembles the movement seen on February 21, but since the bottom is not yet clear, it is best to adopt a conservative approach. For short positions, the 3-day moving average can be used as a reference level. For long positions, the lower Bollinger Band may provide a short-term buying opportunity. As today marks the last trading day of the month, watch closely to see if the Nasdaq reaches the 20-month MA or ends the month with a lower wick. Crude Oil Oil closed lower, facing resistance at $70. It has fallen back below the 5-day MA, trapping the price within a range-bound structure. On the weekly chart, oil was rejected at the 10-week MA, and since the MACD has not yet formed a bullish crossover, there is a chance that oil could retest its previous double-bottom level. A consolidation phase between the 5-week and 10-week MAs appears likely. On the daily chart, as the price corrected, the MACD began converging with the signal line. If oil retraces to around $68, a short-term buying opportunity may arise. For oil to resume its uptrend, it needs to pull back toward $68, rebound, and break above $70 with strong momentum. However, this move would likely require a global catalyst. On the 240-minute chart, both the MACD and signal line remain above the zero line, suggesting a higher probability of a rebound and a golden cross formation. Overall, the best approach is to focus on dip-buying opportunities during this phase. Gold Gold closed higher, breaking to a new all-time high on the daily chart. Last week, there was a possibility of a pullback toward the 5-week MA, but the MACD has turned upward, surpassing its previous high, reducing the likelihood of a bearish divergence and increasing the probability of further upside. However, since gold has not yet tested the 5-week MA, a short-term correction remains a possibility. On the daily chart, buying opportunities were available at the 3-day MA following a strong bullish candle. A pullback to the 5-day MA within the next few days remains possible, and if this happens, it could present another dip-buying opportunity. Based on wave analysis, gold could target around 3,216. To confirm this upside scenario, the daily chart must show stronger bullish momentum, eliminating the risk of MACD divergence. On the 240-minute chart, gold has been experiencing strong upward momentum, making it a buy-on-dips market. However, for a more comfortable long position, the MACD needs to exceed its previous peak. Overall, a long-only strategy remains preferable. For short positions, it is difficult to pinpoint the exact peak, so strict stop-loss management is essential. This week, key economic events include the ISM Manufacturing & Services PMIs and Friday's U.S. jobs report, which could increase gold's volatility. Stay cautious. Today marks the final trading session of March. Tariff-related news and gold’s record highs indicate rising market volatility. Stay adaptive to the market’s movements and trade safely as we close the monthly candle. Wishing you a successful trading day! If you like my analysis, please follow me and give it a boost! For additional strategies for today, check out my profile. Thank you!
CME_MINI:NQ1!Short
by Futureguard
10
$KRE CRASH COMING ... Not yet tho..we'll find out..Regional Banks seem to be heading on a slippery path identical to the most previous crash pattern back when they needed all the loan Bailouts. Now that all the loans have stopped, I'm sure some banks may be heading towards loan restructuring perhaps, maybe defaults, I'm not sure honestly. I just know that the chart never lies and I've been watching and waiting for a long while. I predicted the first crash back then and I currently have no doubts with the current chart ahead of me. As always, I will do my best to provide the best insight possible into these speculations. Currently we have the Daily breaking trend and the bar count getting close to the previous 141 bars. The only difference is that we bounce off the 100% retracement. If we continue to lose the 1.27, we'll be headed for the 1.61..... updates soon.
AMEX:KRE
by TazmanianTrader
USOIL:Continue to sell at highs tomorrowAfter breaking below the lower edge of the range, the medium-term trend of crude oil has been continuously moving in a secondary oscillation around low levels. In terms of momentum, neither the bullish nor bearish momentum has significantly overwhelmed the other, and there has been no continuation of the bullish trend. Regarding the support level, we should first consider the 68.5 mark, which was an important resistance level that the oil price previously broke through. For tomorrow's trading operations, it is advisable to mainly consider selling at highs. USOIL Trading Strategy: Sell@70-70.5 TP:69-68.5 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
TVC:USOILShort
by LeoBlackwood
Crude Oil (WTI) Bullish Breakout – Eyes on $78.47!🚀 Crude Oil (WTI) Bullish Breakout – Eyes on $78.47! 🚀 📊 Trade Setup: Entry Price: $73.12 Take Profit 1: $73.99 Take Profit 2: $76.20 Take Profit 3: $78.47 Stop Loss: $71.21 (below key support zone) 📈 Analysis: After months of trading in a range, WTI Crude Oil has broken above the upper boundary of the channel , signaling a bullish breakout. This breakout is supported by: 1️⃣ China's Economic Optimism: Growth pledges and potential stimulus are boosting demand expectations. 2️⃣ Technical Momentum: Key resistance at $71.50 and $74 has been breached, opening the path toward higher targets. 3️⃣ Tight Weekly Chart Range: A big move was anticipated, and the bulls delivered! 🎯 Targets: With momentum on our side, we’re targeting: $73.99: Quick resistance retest. $76.20: Alignment with prior highs. $78.47: Major resistance and breakout zone. 🔹 Risk Management: Stop loss at $71.21, well below the key support zone, ensures controlled risk in case of reversal. ⚡ Are you riding the breakout, or watching from the sidelines? Let me know your thoughts below! ⚡
NYMEX:CL1!Long
by ValchevFinance
USOIL：Analysis of the Oil Market Trend for Next WeekAmid the anticipated trade uncertainties, concerns on the supply side have resurfaced. With the April 2nd tariff effective date approaching, the market is taking a cautious stance in the short - term. Supported by the decline in oil inventories and the prevailing concerns, oil prices have rebounded and are nearing the resistance range. In the medium - term, the market is constrained by the expected slowdown in global demand, and the focus is on waiting for the resistance test. Strategy recommendations: Given the range - bound trading, consider short - selling at high levels and buying at low levels. Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
TVC:USOIL
by LeoBlackwood
Comstock Resources (CRK) – Expanding U.S. Natural Gas DominanceCompany Overview: Comstock Resources NYSE:CRK is accelerating natural gas production, reinforcing its position in the Western Haynesville play, a key U.S. gas region. Key Catalysts: Production Expansion & Strategic Acquisitions ⛽ Increasing drilling rigs from 5 to 7 for higher output. Acquired 64,000 net acres in Haynesville, boosting reserves & market share. Investment in Drilling & Midstream Infrastructure 🏗️ $1.0-$1.1 billion planned for 46 horizontal wells in 2025. $130-$150 million allocated to midstream development, optimizing gas transport & profitability. Market Strength & Growth Outlook 📈 Positioned to capitalize on rising U.S. natural gas demand & global LNG expansion. Investment Outlook: Bullish Case: We are bullish on CRK above $15.50-$16.00, supported by production growth & infrastructure investment. Upside Potential: Our price target is $30.00-$31.00, driven by expansion, operational efficiency, and market strength. 🔥 CRK – Fueling the Future of U.S. Natural Gas. #CRK #NaturalGas #EnergyStocks
NYSE:CRKLong
by Richtv_official
USOil:Profit realized by shorting on reboundsOn Thursday, crude oil dipped and then rallied towards the end of the trading session, reaching a low of around 69.1. Today, it rebounded to around 69.8 and then started to decline. The short-selling strategy implemented in the morning resulted in a profit. Next, attention should be paid to whether the upper resistance level of 70 can be broken through. If it cannot be broken through in a short period of time, consider shorting again during the subsequent rebound. USOIL Trading Strategy: Sell@69.7-70 TP:68.5-68 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
TVC:USOILShort
by LeoBlackwood
OIL - Potential Reversal Zone at Key Fibonacci levelThe Crude Oil Futures (4H) chart highlights a potential bearish scenario as price action approaches a critical resistance area. The highlighted zone, which is a strong resistance, coincides with the 0.618 - 0.65 Fibonacci retracement levels, which are often key areas for price reversals. Additionally, the rising wedge formation signals a potential loss of bullish momentum, typically a bearish continuation or reversal pattern. The price has made several attempts to push higher, but the presence of multiple confluences, including the resistance levels around $70.50, suggests that the bullish rally might be facing exhaustion. If a reversal occurs from this zone, it could lead to a significant drop, potentially targeting the $66.50 region or even lower, aligning with previous structural supports and liquidity zones. Traders should monitor for bearish confirmations, such as a strong rejection candle, a break of the rising wedge structure, or increased selling volume. Key levels to watch: - Resistance Zone: $70.50 - $71.00 (Fib 0.618-0.65 and strong resistance) - Support Targets: $68.00 and $66.50 This setup requires patience and confirmation before taking action. Always trade with proper risk management!
MARKETSCOM:OILShort
by Louigi_24
15
NATURAL GAS Channel Up getting ready for the next Leg to 6.600Natural Gas (NG1!) has been trading within a Channel Up since the August 27 2024 Low and right now it is consolidating on its 1D MA50 (blue trend-line). The last Higher Low was priced on the 1D MA100 (green trend-line), which isn't far of, actually it sits at the bottom of the Channel Up. Given the strong symmetry on the Channel's initial Bullish Legs (+61.23%), we expect the new rally that is about to start to also reach the 1.618 - 1.786 Fibonacci extension Zone as the previous. As a result, we see NG at a minimum of 6.600 by June - July. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!Long
by TradingShot