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Oilforecast

XTIUSD(USOIL): 07/04/2024 We are pleased to inform you that our previous four setups on XTIUSD have been successfully respected. We maintain our belief that our initial target of $100 is highly achievable. The price has rebounded effectively from our initial concept. At this juncture, we anticipate a minor correction before the price reaches our designated area. Our immediate target is $92, which represents a substantial 1000 pips from our entry point. Our ultimate take profit objective remains at 1800 pips.
FXOPEN:XTIUSDLong
by Setupsfx_
6
Hedge Funds Go Long Oil as Middle East Tensions SimmerBuckle Up for Black Gold: Hedge Funds Go Long Oil as Middle East Tensions Simmer Oil Bulls Charge as Geopolitical Heat Rises The rumble of tanks in the Middle East is echoing through financial markets, with hedge funds piling into long positions on oil futures at a record pace. This aggressive bullish stance is a direct response to intensifying conflict in the region, a major source of the world's crude. The So Long, So Short of It The logic is simple: supply disruptions = higher prices. When tensions flare and the threat of production or export interruptions looms large, the perception of scarcity sends chills down the spines of oil-dependent economies. This fear translates into action, with buyers willing to pay a premium to secure reliable supplies, pushing prices upwards. Hedge Funds See Green in the Black Hedge funds, notorious for their high-risk, high-reward strategies, see this geopolitical instability as a golden opportunity. By taking long positions in oil futures contracts, they're essentially placing a hefty bet that oil prices will continue their upward trajectory. If their predictions hold true, they stand to reap significant profits. Hold Onto Your Stetsons: Prices Could Go Wild Should the situation in the Middle East escalate further, potentially leading to a disruption in oil production or exports, brace yourselves for a price surge. This scenario would be a boon for the long-oil hedge funds, but a major headache for consumers and businesses worldwide, as energy costs would skyrocket. A Word to the Wise: Don't Get Bucked Off The oil market is a complex beast, influenced by a multitude of factors beyond geopolitical tensions. A diplomatic breakthrough or the emergence of alternative sources of supply could cause prices to plummet. Before jumping on the long-oil bandwagon, investors should carefully consider their risk tolerance and conduct thorough research. TradingView: Your Oil Market Oasis Navigate the volatile currents of the oil market with confidence using TradingView's robust charting tools and in-depth market analysis. Track oil price movements, stay updated on geopolitical developments, and leverage expert insights to make informed trading decisions. Disclaimer This article is for informational purposes only and should not be considered financial advice. Consult with a qualified financial professional before making any investment decisions.
TVC:USOILLong
by bryandowningqln
Crude oil pays attention to short-term adjustments Crude oil currently continues to maintain a good oscillatory upward trend along the short-term moving average on the weekly trend. It also maintains a good oscillatory upward trend on the daily trend. Although it has gone out of a slight rise and fall, the strong technical form is still the same. Nothing has changed. There is a certain degree of divergence in the 4-hour trend. The K-line has begun to gradually break through the short-term moving average. There may be a certain degree of adjustment in the short-term trend.
TVC:USOILShort
by Donald-king
1
Crude oil is at a high level, don’t be aggressive in chasing bulAt present, crude oil is around 86, which has reached the expected high point. Although technically bullish, this level is no longer suitable for chasing the rise. According to technical expectations, it should be temporarily suspended between 86-85. If crude oil does not stop in the short term, then the short-term market will exceed expectations, so it is okay to miss it and not participate. And if crude oil has a correction in the short term, it will be an opportunity for long orders to enter the market. In the short term, 85.35 will continue to be bullish. If there is a sudden adjustment and correction, the double bottom support above 84.2 will be bullish, and the resistance target is 86.5-87. Trading strategy: You can go long with light positions near 85.5-3, stop loss at 84.8, if there is support at 84.5 above the 4-hour mid-rail, you can participate with long orders here.
TVC:USOIL
by Donald-king
Oil hits YTD peak. What are the risks now? Oil prices reached their highest level in seven months, partly driven by worries that escalating tensions in the Middle East could constrain supply. Iran has warned of a potential "serious response" against Israel following a targeted strike in Damascus that resulted in the deaths of two Iranian generals. This incident has raised concerns about a widening conflict in the Middle East, following over five months of the Israel-Hamas conflict in Gaza. Furthermore, Ukraine has launched a counter-offensive by targeting Russia's oil infrastructure. Although the attacks have so far reportedly only caused minimal damage. Ukraine's objective is to disrupt Russia's main financial support for its invasion of Ukraine. Better-than-expected manufacturing purchasing managers' index (PMI) reports from China and the US have also buoyed optimism in the oil market. Because of this, investors might anticipate increased demand in the manufacturing and industrial sectors of both countries. WTI has now found support just above $84.00. The 100 SMA is above the 200, potentially indicating that support is likely to hold. However, caution might be warranted as the market nears overbought conditions. If the $84.00 level fails to provide support, the subsequent target could be slightly below $81.00, coinciding with the 50% Fibonacci retracement level from the low in March to the recent peak. Alternatively, a less significant pullback might see buyers stepping in at the 23.6% or 38.2% Fibonacci levels.
BLACKBULL:WTI
by BlackBull_Markets
WTICO Outperforms BCO on US Oil Production RiseWTICO (West Texas Intermediate Crude Oil) has recently been outperforming BCO (Brent Crude Oil). This trend coincides with an increase in US-produced oil replacing sanctioned Indian refined oil. Potential Opportunity in WTICO The shift in market dynamics could present an opportunity for traders considering long positions in WTICO. However, as always, it's important to conduct your own research and consider factors like: • Market Volatility: Oil prices can fluctuate significantly due to various factors. • Global Oil Production: Changes in global oil production can impact WTICO's price. • Your Investment Strategy: This trade should align with your overall risk tolerance and investment goals. Stay Informed, Make Informed Decisions We recommend staying updated on market developments before making any investment decisions. We're Here to Help Please don't hesitate to contact us if you have any questions or would like to discuss this further within the comments.
OANDA:WTICOUSDLong
by bryandowningqln
Jump on the Oil Trend as Russia Refineries Attacks Drive Prices I wanted to bring to your attention the latest trend in the oil market - prices are on the rise due to recent attacks on refineries in Russia. These attacks have caused disruptions in the supply chain, leading to an increase in oil prices. This presents a great opportunity for you to capitalize on this trend and make some significant profits by going long on oil. Don't miss out on this golden opportunity to make some quick gains in the market. Take advantage of the current situation and place your bets on oil to see your investments grow. So, what are you waiting for? Get in on the action and go long on oil today
NYMEX:CL1!
by bryandowningqln
Breakout for crude oil in focusCrude oil has been grinding higher since the December low, but after a 4-week period of choppy trade momentum has turned higher. Whilst $80 has been a tough level to crack in recent week, we suspect a breakout is now on the cards - 200-day MA has provided dynamic support - Falling wedge into 200-day MA - Bullish range expansion out of the falling wedge - RSI (14) curling higher from the neutral zone (50) Prices are teasing the $80 level during a quiet Asian session. Bulls could either look to enter the breakout above $80 alongside rising volume, or seek dips down to the $79 handle / 2023 open price in anticipation of a breakout. The bias remains bullish above the $200-day MA with $84 now in focus
NYMEX:CL1!Long
by CityIndex
USOIL continues to rise 85 today? Prices have pulled back after hitting a four-month high of $83 yesterday on Monday. Russia has increased exports in response to Ukrainian attacks on the country's oil infrastructure. Saudi Aramco CEO Amin Nasser has rejected the idea of phasing out fossil fuels, calling it a fantasy. Looking at the daily chart of crude oil, oil prices have fluctuated for about two weeks based on the moving average system, and oil prices have once again tested the upper edge of the channel. The two big positive lines show strong upward momentum, and it is expected that the mid-term rise will open up room for growth after adjustments within the week. Crude oil (1H) continues to trend higher and continues to hit new highs. The moving average system maintains a bullish arrangement and is supported by the 5-day moving average. The short-term objective trend is upward. Oil prices have adjusted slightly from high levels. It is expected that crude oil will continue to fluctuate upward in the short term during the day. Pay attention to the short-term support effect of 81.5.
TVC:USOILLong
by Crazy_money_making_signals
Crude oil fluctuates upward The daily K-line of crude oil continues to run above the short-term moving average and continues to maintain a high and strong trend. There is currently no particularly obvious trend in the 4-hour trend. After yesterday's adjustment, it is expected that there will be a rebound trend in the short term. In the small-level cycle trend, after continuous narrow range fluctuations, the technical form began to gradually recover, the K line began to slowly stand on the short-term moving average, and the short-term trend tends to continue to rebound. long-term trends.
TVC:USOILLong
by Crazy_money_making_signals
Crude Oil Movement In Bearish Flag. Short long set up Hey guys! Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line. Reasons to open positions: 1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before 2) By moving into the flag we cross the support lines, and we didn't go lower, so also seems like we're repeating the scenario Take profit, better to put on the resistance line. Stop loss by lowest candle. IMPORTANT! Always follow RM! We don't trade more than 2-3% of the deposit! Oil and stocks you can trade on this crypto exchange: bingx.com
NYMEX:CL1!Long
by CarpBuro
Today’s Profitable Trading Signals for Crude Oil Hello everyone. At present, crude oil continues to fluctuate at a high level on the daily trend, and the short-term moving average is basically in a flat state, tending to continue to maintain a relatively volatile trend in the short term. Currently, the 4-hour trend continues to fluctuate at a low level, and the K line continues to be under pressure. The short-term moving average maintains a slightly weaker trend. The bottom rebound after the U.S. market yesterday has continued, and the current range on the hourly level has been compressed very little. The current resistance is around 81, forming a short-term downward trend. So today we rebound and need to sell
TVC:USOILShort
by Crazy_money_making_signals
OIL If oil prices push higher above 81$, they will prop the dollar in the medium term. Higher oil prices will influence inflation globally. Central Banks particularly the Fed might not cut rates until the later part of 2024. Fed Chair has already echoed these words citing that fed cuts are years away. Once oil adds onto that equation, we might see a possible rate hike in 2024. On the monthly charts, we have a consolidation around a strong demand level. On the weekly timeframe we do not have a clear direction though the market seems to be pushing higher to mitigate inefficiencies at the 107-115 levels. Dropping down to the 4 hour chart, we have a bullish bias targeting 77-90 levels. Change of character plus flip zones in addition to multiple break of structures inform our bullish bias.
TVC:USOILLong
by morrisgitau
Bullish Outlook for USOILHi Traders! USOIL is in an ascending price channel as it looks to break back above the 75.00 level. Here are the details: The price action looks currently bullish; the market swings are getting higher, and the price is about to break back above the 20 EMA. Our idea here is to buy market dips leading up to the 20 EMA break. Short-term targets are levels around the 75.00 area, and long-term targets are levels near the resistance at 79.72. Preferred Direction: Buy Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:USOILLong
by BluetonaFX
Oil’s Tug-of-War: Iran Tensions vs. Evergrande Oil’s Tug-of-War: Iran Tensions vs. Evergrande On Wednesday, WTI crude futures dropped below $77 per barrel, undoing a 1.4% increase from the prior session, all while the U.S. readies itself to address a lethal attack on its troops in the Middle East. Perhaps traders are concerned more about the liquidation of China Evergrande, raising worries about the overall Chinese economy. There is fear that this uncertainty in China could lead to a decrease in demand for crude oil. However, there is a question of whether traders might be underestimating the potential for U.S. responses to the lethal attacks to escalate tensions or lead to a conflict with Iran. Despite President Biden expressing a desire to avoid a wider war in the Middle East, there are concerns about the unpredictable outcomes of such military actions. The Guardian predicts dire consequences if there is direct American military retaliation against Iran. This could prolong the Gaza conflict, trigger a Hezbollah attack on Israel, escalate conflicts in Iraq and Syria, and destabilize friendly regimes in Egypt, Jordan, and the Gulf. Additionally, such actions could inadvertently assist China in pursuing its anti-democratic geopolitical ambitions and provide justification for Russia's aggression in Ukraine.
BLACKBULL:WTI
by BlackBull_Markets
7 Diamnesion Analysis for OIL 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Corrective move is filled POi, now impulsive is starting 🟢 Inducement: Done 🟢 Pull Back: 1st and deep 🟢 Internal Structure: Bearish 🟢 Ext OB: Mitigated 🟢 Supply, Distribution, Rejection: Trendline broke, trend line Breakout/CIP done 🟢 Time Frame Confluence: Daily, H4 2️⃣ Pattern 🟢 CHART PATTERNS: Reversal, Rounding Patterns, Double top 🟢 CANDLE PATTERNS: Record Session count observed in internal leg, Shrinking long wick end, Change in guard engulf, Momentum: strict engulfing with bearish strength, Tower top also observed 3️⃣ Volume 🟢 Fixed Range: In this area, bears are already strong 🟢 No Volume during correction 4️⃣ Momentum RSI 🟢 Zone: Bearish sideways 🟢 Range shift: Bullish to sideways properly 🟢 Overbought rejections count: 2 5️⃣ Volatility Bollinger Bands 🟢 Middle band: Price below the middle band with a ninja candle bearish closing 🟢 Contraction: Fully 🟢 Two Band Punchers: Observed in the upper band 6️⃣ Strength According to ROC 🟢 Values: USD -3.05, OIL is -15 7️⃣ Sentiment According to all sentiments, oil prices are under pressure ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Bearish ☑️ Current move: Impulsive ✔ Support Resistance Base: Supply area rejection ☑️ Candles Behavior: RSC, bearish Momentum ☑️ FIB Trigger event: Done ☑️ Trendline breakout: Done 💡 Decision: Sell at opening 🚀 Entry: 73.45 ✋ Stop Loss: 76.87 🎯 Take Profit: 62.55 2nd If Internal Structure Changes also Exit 3rd Trendline Breakout, Fomo 😊 Risk to Reward Ratio: 1:3.5 🕛 Expected Duration: 15 days SUMMARY: The analysis suggests a bearish outlook, supported by structural, candlestick, and volume indications. Momentum in RSI and Bollinger Bands also align with the bearish stance. The decision is to sell at the opening with specific entry, stop loss, and take profit levels, considering potential internal structure changes and trendline breakouts.
TVC:USOILShort
by Optimum369
WTI H2 / RETRACEMENT FROM THE OB, SHORT TRADE OPPORTUNITY 📉🛢Hello Traders! As expected, we can see a retracement of the OIL H2 from the resistance level, and also, from the OB at the price of 74.900. I see this retracement as a good signal of bearish domination, representing a good opportunity to execute a short trade. Treaders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
BLACKBULL:WTIShort
by GoodTradeST
3