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Energy Commodities

Crude oil-----buy around 69.00, target 69.90-70.90Crude oil market analysis: Crude oil has not been so strong for a long time. The K-line has uploaded the daily moving average, and the bulls have begun to rush up. The current suppression position is 70.00-70.60. Yesterday, the highest peak was 70.22. Today's idea is to follow the short-term buying, buy at a low price to see its moving average rebound, and the daily moving average is also starting to attack. We don’t speculate whether this wave of upward rush will change the trend of the daily line, but we can be sure that the short-term is bullish. Today’s idea is to buy directly around 69.00. Fundamental analysis: Although there is no big data this week, the US tariffs still cause huge market fluctuations in terms of fundamentals. Operation suggestions: Crude oil-----buy around 69.00, target 69.90-70.90
NYMEX:CL1!Long
by BraveTigercat
WTI CRUDE OIL: Last pull to 4H MA50 possible, $72 target remainsWTI Crude Oil just turned bullish on its 1D technical outlook (RSI = 55.181, MACD = -0.570, ADX = 39.438) as it crossed above the 4H MA200. It is still under the 1D MA50, so the newly emerged Channel Up may pull the price back under the 4H MA50 one last time before the next, even stronger bullish wave. Overall, we remain long (TP = 72.00), even more so on the long term. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
Potential bearish drop?USO/USD is reacting off the resitance level whic is an overlap resistance level that line sup with the 161.8% Fibonacci extension and the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 70.39 Why we like it: There is an overlap resistance level that lines up with the 161.8% Fibonacci extension and the 61.8% Fibonacci retracement. Stop loss: 71.87 Why we like it: There is a pullback resistance level that is slightly below the 88% Fibonacci retracement. Take profit: 68.68 Why we like it: There is an overlap support level that lines up with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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
USOil Sell 70.000Crude oil has been fluctuating and rising recently, reaching a three-week high. From a fundamental perspective: Supply: The United States has intensified its energy sanctions against Iran. Attacks on Saudi facilities have affected their performance. The OPEC+ will gradually lift the voluntary production cuts starting from April and may increase production for the second time in May. The 30-day ceasefire agreement between Russia and Ukraine has not been effectively implemented in substance. However, recently, the United States, Russia, and Ukraine have reached some consensus on Black Sea navigation and the protection of energy facilities. Inventory: According to API data, for the week ending March 25, U.S. crude oil inventories dropped significantly by nearly 9 million barrels. However, commercial crude oil inventories have been increasing continuously for several weeks, and the overall inventory remains at a high level. Geopolitics: The U.S. airstrikes against the Houthi armed group in Yemen and Israel's military operations in the Gaza Strip have heightened concerns about the disruption of crude oil supplies in the Middle East. The United States' continuous strengthening of sanctions against Iran and Venezuela also includes a plan to impose a 25% tariff on countries importing Venezuelan crude oil. Production Increase Pressure: The daily supply increments of non-OPEC countries (such as the United States and Brazil) far exceed the global demand growth rate, which has long-term downward pressure on the oil price center. 💎💎💎 USOIL 💎💎💎 🎁 Sell@70.000 - 70.200 🎁 TP 68.5 68.0 67.5 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
TVC:USOILShort
by BenGray9
USOIL:It's time to go shortRecently, the WTI crude oil has been on a continuous upward trend with fluctuations. The current intraday price has reached a three - week high. At present, the long - position sentiment in the market is greatly influenced by the fundamental news, mainly due to the intensified U.S. sanctions on Iranian energy and the ineffective implementation of the 30 - day cease - fire agreement between Russia and Ukraine. Today's trading strategy: Focus on shorting at high levels. Currently, the price has a firm support at $69. Observe whether it can reach the resistance range of $69.5 again. If it breaks through the upper level, look at the important psychological resistance level of $70. Select to short again within the range. USOIL Trading Strategy: Sell@69.5-70 TP:68-67 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 UnknownUnicorn91242686
WTI Crude Oil Trade Plan: DOE Release NYMEX:CL1! In this tradingview blog, we go over our technical setup and trade idea for Crude oil. It is important to note we also have DOE inventory numbers coming at 10:30 ET. Once the release has settled in, the trade idea can be framed using either of our two scenarios. Scenario 1: Liquidity Trap Rejection above March Monthly Open or Yearly Open and prices mean revert towards March mcVAH and CVPOC confluence. The idea considers the trend from last Wednesday. Late breakout buyers get trapped. Higher time frame participants push prices lower. An example swing trade idea would be taking a long position once the release has settled and waiting for a pull back around 69.50. • Entry: 69.50 • Stop: 70.30 • Target: 68.15 • Risk: 80 ticks • Reward: 135 ticks • Risk/Reward ratio: 1.69 This is an example swing trade idea that may play out by the end of the week. Scenario 2: Shift back into 70 - 75 range distribution. Immediate resistance is at March monthly open and yearly open. Above it the path clears towards Q1 mid-range and 2025 mCVPOC. An example of a trade idea for this scenario is to wait for a breakout and close of candle on the 30 minutes time frame above yearly open. Wait for a pullback towards 70.28 • Entry: 70.35 • Stop: 69.50 • Target 71.45 • Risk: 85 ticks • Reward: 110 ticks • Risk/Reward ratio: 1.29 Please note that these are example trade ideas. Trades are advised to do their own preparation. Stops are not guaranteed to trigger, and losses may be greater than predetermined stops.
NYMEX:CL1!
by EdgeClear
A major correction in Brent crude oil (UKOIL).A major correction in Brent crude oil (UKOIL). - This idea is invalidated if the price exceeds $73.755. On the monthly chart, it shows that we are forming a 50% Fibonacci correction from wave 1, from where we will further expect growth toward the $115 area, and possibly even a new all-time high due to a military conflict in the Middle East. I’ve marked potential downside targets on the chart at $46.50, $49.06, and $52.46, from where we will look for entry points for long positions lasting 2 years or more.
TVC:UKOILShort
by SergioRichi
Hellena | Oil (4H): SHORT to the area of 65.268.Colleagues, I believe that the downward movement is not over yet, and now the price is in a complex combined correction. The second correction also consists of “ABC” waves. In an ideal scenario, the price completes wave “C” in the 70.000 area and starts the downward movement to the support area of 65.268. In general, the plan has not changed since the last forecast, but the bulls still have strength, so we should take the upward movement as an opportunity to profitably go short. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
9
USOil:When to short at high levels?During the evening session yesterday, the price of crude oil surged again, reaching the resistance level of 69.5 per barrel in the session. However, after encountering resistance, part of the bullish momentum took profits and fled the market, causing the price to decline slightly to the support level of 69 per barrel without further drops. After today's opening, the bullish momentum is obviously insufficient, and the price has not risen further, showing a downward extension trend. Today's trading strategy: Focus on taking short positions at relatively high levels. Currently, the support at 69 per barrel is relatively solid. Observe whether the price can reach the resistance range of 69.5 per barrel again. If it breaks through upwards, look at the important psychological resistance level of 70 per barrel. Choose to take short positions again within the range of 69.5 - 70 per barrel, with the target price at $68 per barrel. Participate with a small position. USOIL Trading Strategy: Sell@68.5-69 TP:68-67 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 UnknownUnicorn91242686
USOIL: Rally, Resistance, and Technical ReversalThe recent trend of USOIL has been continuously rising in a volatile manner, and the current intraday price has reached a three - week high. Currently, the bullish sentiment in the market is greatly influenced by fundamental news, mainly due to the combined effects of the United States increasing sanctions on Iran's energy and the ineffective and substantive implementation of the 30 - day cease - fire agreement between Russia and Ukraine. Analyzing the short - term trend from the one - hour chart of USOIL, during the US trading session last night, the crude oil price surged again, hitting the resistance of $69.5 in the market. However, after encountering resistance, part of the bullish momentum took profits and fled, and the price slightly retreated to the support of $69 without further decline. After today's opening, the bullish momentum was obviously insufficient, and the price did not rise further. The upper track of the Bollinger Bands extended downward, exerting pressure. The moving average of the Macd indicator formed a cross at a high level and has a downward extension trend, and the momentum column began to release downward. USOIL Trading strategy Sell@69.5-69 tp:68-67.5 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:USOILShort
by JohnGonzalez7
WTI rises to test major resistance WTI has risen in the last couple of weeks after staging an oversold bounce from around the key $65.00 long-term support level at the start of the month. However, it is now testing a key resistance area between $69.15 - $70.00 range, which is where WTI last sold off from. It is a pivotal zone. Given the underlying long-term bearish trend, I am more inclined to look for bearish setups to form here, than to chase this move higher. However, that being said, I would have to drop my short-term bearish bias in the event WTI were to break decisively above $70.00 level in the days ahead. By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:USOIL
by FOREXcom
WTI OIL Ultimate long-term guide.WTI Oil (USOIL) has a tendency, like a number of key traditional assets, to follow long-term Cycles. Market psychology more times than not makes investors and the market behave in similar ways (euphoria buying, panic selling) given the same market conditions. Fundamentals and catalysts can often be used as reasons and excuses to confirm the technical trends and long-term Cycles. Oil is no different and on this 1M time-frame analysis we see why. The dominant multi-year pattern is a Channel Down and it has started on the July 2008 All Time High (ATH). Right now it appears that we are inside a Wedge pattern similar to 2011 - 2014 and more specifically on the final Bullish Leg towards the top. The 1M RSI sequence among those two fractals is identical so based on all these parameters we believe WTI will test $90.00 by late 2025 - early 2026 and if rejected, start a brutal long-term sell-off towards the bottom of the Channel Down and the 35.00 - 30.00 range by late 2026 as the Time Cycles suggest. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
5
Oil - Expecting Retraces and Further Continuation HigherH1 - Bullish trend pattern in the form of higher highs, higher lows structure Strong bullish momentum Bearish divergence on the moving averages of the MACD indicator. Expecting retraces and further continuation higher until the two strong support zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:WTILong
by VladimirRibakov
Brent crude: We maintain our USD 65 to USD 85 range for the yearBrent crude's current momentum has taken prices to a three-week high, with the latest move being supported by a combination of underinvested hedge funds, improved risk sentiment following a softening in the tone regarding tariffs after Trump indicated some nations could receive breaks from "reciprocal" tariffs starting next week on 2 April, and not least, the mentioned secondary tariffs on buyers of Venezuelan crude, which, together with Iran sanctions, may help tighten supply. Overall, we maintain our USD 65 to USD 85 range for the year, with the near-term upside potential being limited by resistance now seen in a band between USD 73.80, the 0.382 Fibonacci retracement of the January to March selloff, and USD 74.10, a level that provided support on several occasions last month before the eventual break triggered a slump extension to near USD 68.
ICEEUR:BRN1!
by Saxo