TBT- Look Out for Exploding RatesThe Federal Reserve's aggressive 50 basis point rate cut despite headline inflation numbers coming in mixed resulted in an immediate reaction from the longer term bond yields. With no hope of moderating national debt numbers, no matter which party prevails next month, the consensus seems to be much higher long term rates. Accelerating oil prices and nervousness over the Middle East concerns may seal the deal. With the US Strategic Oil Reserves drained over recent years, a supply shock could boost oil prices dramatically.
Higher rates may also push gold and silver prices down temporarily, such moves would be an opportunity to further accumulate as dollar destruction is inevitable. While the administration hypes lower inflation numbers, moves in base metal stocks in addition to rising longer term interest rates certainly tell a much different story.
Oil
WTI CRUDE OIL: Bullish fractal from 2023 targets $78.50.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 51.153, MACD = 0.060, ADX = 20.101) as it is trading around its 1D MA50 but at the same time remains supported on the S1 Zone. In the meantime the 1D RSI is rising on HL, which is a bullish divergence. This set of dynamics are identical to March-June 2023, when WTI was contained over the S1 Zone but the RSI was pointing to a bullish divergence that eventually caused a bullish breakout. Consequently, we are bullish now, aiming again at the R1 level (TP = 78.50).
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USOIL Best Level to Short/Hold 10% swing trade setup🔸Hey guys, today let's review the 2 hour chart for US oil . Any upside is
limited by strong overhead resistances, currently trading near range highs
so overall risk/reward shifting in bears favor.
🔸Strong resistances will cap upside at 72.00 usd / 72.50 usd. right now
locked in tight trading range, however expecting final pump to trigger overhead stop losses before reversal and subsequent sell off event.
🔸Recommended strategy for BEARS: wait for the final pump before short selling from strong overhead resistances at 72.00 and 72.50 SL fixes at 74.00 usd, TP1 bears is 68 usd TP2 bears is 66 usd. swing trade setup, patience required. good luck!
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WTI/USOIL Energy Market Heist Plan on Bullish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the WTI / USOIL Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a bull trade anywhere,
however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low level.
Goal 🎯: 73.500
Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
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USOIL SHORT FROM RESISTANCE
Hello, Friends!
We are now examining the USOIL pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 66.51 level.
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USOIL Under Pressure! SELL!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 71.02
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 69.73
My Stop Loss - 71.80
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.
———————————
WISH YOU ALL LUCK
Oil Long 4HThis trade idea is based solely on Price Action. I observed that oil has broken the previous neckline, and I expect a pullback to the golden zone of the Fibonacci retracement for the previous leg. Before entering the trade, I'm looking for confirmation on a lower time frame, such as the 30-minute chart. An ideal confirmation would form a 'W' pattern, preferably with a higher low in the second leg.
69.20-69 is the entry zone with almost 50 pips SL
Scenario on light crude oil cl1! 13.12.24If we can maintain the main monthly level, which is also support for the price of 71.66-72.44, then it is likely that the market will come for levels around 65, but if the market were to break through this level, then there is a possible scenario that the price could go higher and I would take the first tp somewhere around 75, but there are other big levels above that and the price could even reach 80.
USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 70.28 area.
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WTI Oil H4 | Bullish uptrend to extend further?WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 70.49 which is an overlap support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 69.42 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 72.65 which is a multi-swing-high resistance that aligns with the 161.8% Fibonacci retracement level.
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USOILPrevious analysis on November 13, 2024, it was seen that the price rebounded, tested the 71.40 level and could not break through. The price then came down to test the support zone 67.92-66.93 again. If the price can still stand above the 66.93 level, it is expected that there is a chance that the price will adjust up. Consider buying the red zone.
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Please consider carefully whether such trading is suitable for you.
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WTICOUSD , high time frame
Hello traders, I would like to discuss West Texas oil. There is a critical zone on the chart, as anticipated. Oil is currently in a bullish trend on the higher timeframes. Presently, the price is in OB on the 4-hour chart, and during the Asian session, there are indications of a potential decrease to $69 before targeting the $75 zone.
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If you require further adjustments or have specific areas you wish to focus on, please feel free to let me know!
"UKOILSPOT / BRENT CRUDE OIL" Energies Market Bullish Heist PlanHola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist "UKOILSPOT / BRENT CRUDE OIL" Energies Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Target 🎯 : 74.500
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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#202450 - priceactiontds - weekly update - wti crude oil futuresGood Evening and I hope you are well.
tl;dr
wti crude oil futures: Neutral again. Last week we got a bull surprise and market closed at previous resistance. Upside will probably be limited and market could not close above 72.3 for 2 months now. I do not expect it to change that all of a sudden. The volume is also low af and therefore I expect more sideways between 67 - 71. 2024 will likely close near 69.
Quote from last week:
comment: Bulls are not doing enough but bears are also barely making new lows. Market is mostly two sided and stuck inside an 8$ range for 2 months. Don’t over analyze it.
comment: I won’t make this longer than it needs to be and nothing has changed for the past 10 weeks. We are inside a clear trading range 66 - 72 and you can not expect that range to break over the next 3 weeks. Almost anything can happen with the markets but the most reasonable expectation is a continuation.
current market cycle: trading range
key levels: 66 - 72
bull case: If bulls can close the gap to 72.56 I’d be very surprised. 71.5 is likely still bigger resistance and thus most bulls will exit longs above 71 on any decent weakness. Daily close above 72 would change that a bit but not too much.
Invalidation is below 66.
bear case: Upper third of the trading range is where bears are favored again but they need to show some selling pressure before you should think about shorting this. If you would short this now, would you put your stop at 71.5? That’s really tight and the risk the market prints those couple of ticks is big. Next best stop would be 72.8. In any case, I wait for selling pressure before I short.
Invalidation is above 71.6.
outlook last week:
short term: Neutral 68 - 70 and I doubt we make lower lows below 66. Even if bears push below, downside is likely limited. Can’t change much of last weeks short term outlook, since it’s still valid. Bears have targets below 66 but until they get a daily close below it, we continue sideways.
→ Last Sunday we traded 67.2 and now we are at 71.29. Range is still holding. Outlook was ok.
short term: Neutral 68 - 71.6. Above 71.6. we could see 72.2 but probably not higher than 72.8. Bears are favored at the upper third of this range.
medium-long term - Update from 2024-11-10: Unless an event comes up, this will very likely close around 70 for the year.
current swing trade : None
chart update: Nothing worth mentioning. Again.
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USOIL: Bearish Continuation & Short Signal
USOIL
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell USOIL
Entry - 71.02
Stop - 71.82
Take - 69.48
Our Risk - 1%
Start protection of your profits from lower levels
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USOIL Will Go Down! Sell!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 71.095.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 70.000 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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