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Oil

WTI is targeting growth again. H4 05.11.2024🛢 WTI is targeting growth again 📈 Oil is looking at a possible pattern for a segment overlap to the upside in which we will again target a major upside. Price is now approaching the control margin at 73 and from there a local correction may be made and then growth will continue. Major volumes have stayed down and have been buybacks. Also OPEC+ have postponed the increase in oil production which will further support it. BLACKBULL:WTI
BLACKBULL:WTILong
by KovachTrader
WTI, back at major order block support -- BOUNCE expectedWTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at 69.0 TAYOR. Safeguard capital always. -------- RELATED NEWS: Reuters Oil prices settle more than 3% higher after China rate cut By Stephanie Kelly NEW YORK, June 13 (Reuters) - Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China's central bank lowered a short-term lending rate for the first time in 10 months, boosting crude prices after steep losses the previous session. The rate cut is aimed at adding momentum to a hesitant post-pandemic recovery in the world's second-largest economy and biggest crude importer. Brent crude futures settled up $2.45, or 3.4%, to $74.29 a barrel. U.S. West Texas Intermediate (WTI) crude gained $2.30, or 3.4%, at $69.42 a barrel.
BLACKBULL:WTILong
by JSAL
25
WTI CRUDE OIL: Strong rebound on the 18 month Support.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 53.224, MACD = -0.080, ADX = 22.753) as it rebounded again on the S1 Zone and already reached the 1D MA50. Even though another test of the S1 Zone is possible according to the multiple tests of the May-June 2023 pattern, the upside is more likely to happen eventually through a test of the 1D MA200. Our target is limited however below the LH trendline (TP = 77.50) as we don't yet have valid grounds to extend buying above it. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
USOIL Expected Growth! BUY! My dear friends, Please, find my technical outlook for USOIL below: The instrument tests an important psychological level 69.29 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 - 70.28 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
2
USOIL 71.07 +2.57% SHORT IDEA MULTI-TF ANALYSISHELLO TRADERS Hope everyone is doing great 📌 A look at USOIL from HTF - MULTI TIME-FRAME ANALYSIS USOIL DAILY TF * Last week saw a bearish close with the weekly FVG holding & beautifully rejecting, looking for a retest of this PD ARRAY before continuation down. * The sentiment is still strongly bearish for OIL from HIGHER TF perspective. * The weekly & daily TF show we are still trading in a range on a bearish trend towards that ERL. * The picture is clearer with strong bearish moves from the daily, looking for some retracement. * some volume imbalance left behind on lower TF might confirm this move. * possibly to be filled before we take that ERL. USOIL 4H As we head lower we see some bearish potential for some retracement. * With the week to opening Bearish (PO3) could see bearish move into the VI. * sentiment the same on the hourly tf. * This rally with the bulls & strong momentum to the down side could see some reversal. looking for some signs of this on todays price action. * LETS SEE HOW THE MARKET DISHES 🤷‍♂️😉🐻🐮 HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
TVC:USOILShort
by PULEMokhothu
4
USOIL - Key Levels for Bullish Stabilization or Bearish ReversalTechnical Outlook The price may stabilize within the bullish zone upon a 4-hour candle close above the pivot line at 68.53, targeting 70.49 initially, followed by 71.78. Bullish Scenario: While trading above 68.53, the price is likely to move toward 70.49 as the first bullish target, with 71.78 as the next level. Bearish Scenario: A reversal and stabilization below 68.53 would open a move toward 67.03, with further downside potential to 65.85. Key Levels: Pivot Point: 68.53 Support Levels: 70.50, 71.78, 72.75 Resistance Levels: 67.03, 68.85, 63.51 Trend Outlook: Bullish while the price remains above 68.53 PREVIOUS IDEA:
TVC:USOILLong
by SroshMayi
WTI Oil H4 | Resistance overheadWTI oil (USOIL) is trading close to a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 71.05 which is a swing-high resistance. Stop loss is at 72.50 which is a level that sits above an overlap resistance. Take profit is at 68.61 which is an overlap support that aligns with the 61.8% Fibonacci retracement 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. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 Trading 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:USOILShort
by FXCM
3
#202444 - priceactiontds - weekly update - wti crude oil futuresGood Evening and I hope you are well. tl;dr wti crude oil: Neutral between 68 - 72. Market is in balance inside this range and for now no side has clearly better arguments for a bigger impulse. Market formed another nested triangle inside the big one. Which means buyers and sellers are in balance. Quote from last week: comment: Bulls actually managed to hold it above 68 and the trend line but failed to close the bear gap completely. This leaves us in nowhere land between 70-72 and a proper triangle. Play that until it’s clearly broken. No more deeper analysis needed. comment : The trading range expanded some but not much. On the weekly chart the September and October lows do seem to be respected and holding but since bulls fail to trade above 72.33, we are forming more nested triangles inside the big one on the monthly chart. For now the range is 65 - 72.33 until broken. current market cycle: trading range (nested triangles on multiple tf) key levels : 65 - 72.33 bull case: Bulls need a daily close above 72.7 for a chance of retesting north of 75. Again. There is a very good chance last weeks low 66.72 can hold for now. Bulls made 3 higher highs the past 3 trading days but look at the bars. They scream weakness and the close below 70 was bearish as well. Bulls do not have many arguments here. Invalidation is below 65. bear case: Bears keeping this below 70 is much stronger than I expected this for the past 3 weeks. As long as they are not letting the bulls get consecutive bull bars above the daily 20ema, the bears remain in control. Yet I do think sideways is more likely than a break below 65. Last weeks price action was disappointing for both sides, which is why I continue to be neutral on this. Invalidation is above 72.3. outlook last week: short term: Neutral 68-70 but leaning bearish near 71. Not the best spot to trade currently. → Last Sunday we traded 71.78 and now we are at 69.49. Good outlook. short term: Neutral again. Clear range and bearish pattern with limited downside. Scalp and don’t overstay your welcome in positions. medium-long term - Update from 2024-10-20: No idea where this wants to go in the remaining 2 months of this year so I am neutral until we have a better pattern. The big triangle on the weekly chart is alive and until that changes, no more updates. current swing trade: None chart update: Nothing
NYMEX:MCL1!
by priceactiontds
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 this 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
MY TV COMPETITION WTICOUSD LONG IDEA 01/11/2024Direction: Long SL: 66.862 Indicators: 1. MA (20,50,100,200) 2. Trendline - Algo 3. Support and Resistance 4. Fib Level 5. I also use MT5 - Tradingcentral tools Technical: 1. MA 20 Yellow is below the MA 100 and 200 (Purple and Red) but looking for it to reverse and go up and above the 50,100, and 200. 2. Green Trendline was broken recently. 3. Price bounced off from a support zone. 4. FIB level at 0.382. 5. Tradingcentral tool signaling Rise on Time frames 15m,1h,and 4h but it is bearish and signaling DECLINE on daily time frame at the moment. Fundamental and economic: 1. Geopolitical tension is adding some volatility to OIL prices. 2. I use Edgefinder tool which shows me a score of -3 "bearish" on USOIL but I think this trade idea is for short term and more of a "I predict that this might go to xyz based on the technical and fundamental insights". 3. We are in Q4 and usually there is alot of volatility mostly bearish but I'm going against it since we have US elections coming up.
OANDA:WTICOUSDLong
by stingotho
OIL: Three days breakout long on the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range ✅ 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout ✅ 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside ✅ Backside 4. THESIS: Long: that's my primary thesis, let's analyse the current market condition. - Monday opened with a huge gap breaking through the previous low of week, establishing as well the high low of the new week (opening range). - Tuesday, it almost consolidated the full day, not really interesting in terms of trading activity. - Wednesday, the market performed the first breakout of the week, breaking the HOW, triggering long traders in the market and closing out of balance (an interesting signal) - Thursday closed again out of balance, long traders are potentially driving this move. - Today, Friday, the market has good chances to go reaching and targeting the closing price of last Friday, why ? because traders shorting the beginning of the week are still in profit and stops are placed above that level. After PMI 10am, if the market will setup for a buy low opportunity around the current level (yesterday HOD or London low), I will be willing to take this trade. Short: at the moment not really into this scenario, but however, the market could retest the current high of day, failing for a reversal, day 3 longs in the market it can reverse for major move, but I repeat, the current setup is potentially long! Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
PEPPERSTONE:SPOTCRUDELong
by GianniPichichero
6