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Oiltrading

Oil Experiences Worst Declining Week Since March Last week, oil prices suffered a significant decline, marking the worst week since March. This alarming development demands immediate attention, and I strongly urge you to consider taking advantage of this unprecedented opportunity to short oil. The oil industry, which has been grappling with numerous challenges throughout this year, is now facing a new wave of uncertainty. The recent decline in oil prices has sent shockwaves through the market, raising concerns about the stability and future prospects of this crucial commodity. As traders, it is our responsibility to stay ahead of the curve and capitalize on these fluctuations. By shorting oil, we can potentially profit from the ongoing downtrend and mitigate the risks associated with the volatile nature of this market. This strategy allows us to sell oil contracts at current prices, with the intention of repurchasing them at a lower price in the future. However, timing is of the essence, as the window of opportunity may be limited. It is important to acknowledge that the current decline in oil prices is not without its reasons. Factors such as weakening global demand, oversupply concerns, and geopolitical tensions have contributed to this downward spiral. The ongoing COVID-19 pandemic, geopolitical conflicts, and the transition towards renewable energy sources further compound the challenges faced by the oil industry. Considering the gravity of the situation, it is crucial that we act swiftly. I encourage you to conduct thorough research, analyze market trends, and consult with your trusted advisors to determine the best course of action. While shorting oil presents an opportunity, it is essential to weigh the risks and rewards based on your individual risk appetite and trading strategy. To seize this opportunity, I recommend closely monitoring the oil market, staying updated on the latest news, and utilizing technical analysis tools to identify potential entry and exit points. Additionally, it is prudent to set clear profit targets and implement risk management measures to protect your investments. Remember, as traders, we are constantly navigating through uncertain waters, seeking opportunities amidst volatility. The current decline in oil prices presents a unique chance to capitalize on the market's downward momentum. However, I urge you to exercise caution, conduct thorough research, and make informed decisions. Please feel free to comment below if you have any questions or require further assistance. Let us seize this moment and make the most of this unprecedented opportunity to short oil.
TVC:USOILShort
by bryandowningqln
3
WTI CRUDE OIL Important bearish breakout. Short the spike.WTI Crude Oil crossed under the 1D MA50 (and the Channel Up) for the first time since July 6th turning the 1D technical outlook bearish (RSI = 35.225, MACD = -0.060, ADX = 34.325). The short term timeframes are oversold so expect a minor spike to the 1D MA50 or near the 4H MA50. We will use that as our new sell entry and target the strong support zone consisting of the S1 level, the 1W MA50 and 1D MA200 (TP = 78.50). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
3
Oil 4H midday updateThe price of oil has been fluctuating sideways since the morning Therefore, there is no change to the expected bearish trend scenario for today, which targets breaking the 82.00 level to confirm the extension of the bearish wave towards the 80.56 then 78.21 levels stabilizing above 83.26 will support rising to touch 84.55 , 86.08 then 87.67 Pivot Price: 82.00 Resistance prices: 84.55 & 86.08 & 87.67 Support prices: 80.55 & 78.21 & 74.52 The general trend expected for today: bearish timeframe: 4H
TVC:USOILShort
by Evar_Mayi
Impact of Fed's Interest Rate Hikes on Gas and OilOn October 4, 2023, the OPEC+ ministerial panel did not make any changes to the group's oil production policy after Russia and Saudi Arabia announced continued voluntary supply cuts to support the price of black gold. However, Brent and WTI crude futures have fallen more than 13% over the past week on concerns that central banks could raise interest rates again to more aggressively fight inflation. In addition, rising unemployment and the slower pace of China's economic recovery are also putting further pressure on oil prices. On the other hand, the US and European Union economies remain strong despite numerous problems, including high inflation and geopolitical tensions due to the military conflict between Russia and Ukraine. Thanks to stronger-than-expected consumer spending, global economic growth continued into the third quarter of 2023. From the point of view of technical analysis, we believe that on September 28, the global wave (3) was completed, which, as it should be, was the longest and strongest wave, which is also reflected in the fact that this asset attracted the attention of the mass public. On October 5, 2023, wave A was completed, which belongs to a larger corrective pattern of the (4) wave, implying a continuation of the downward movement of the Brent crude oil price after reaching a strong resistance zone in the $89-$90 range. By the end of the fourth quarter of 2023, we expect the price to reach $77-$78. In addition, global oil prices are under pressure, partly because gas storage facilities in Europe are full. It should be noted that oil prices and the US Dollar index (DXY) are often inversely correlated, meaning that when the DXY rises, oil prices usually fall and vice versa. So, in recent weeks, the dollar has been strengthening, making oil more expensive for countries using other currencies, which reduces demand for it and, as a result, oil prices.
NYMEX:CL1!
by AisenQuantum
1
Oil (CL) Aggro/Oversold Fade BUYQuick take/analysis, but consider scooping some low-risk crude contracts here (break above 84.84). Better demand zones are lower, but we've had a sizable downdraft into buy areas + are testing a key support/resistance area (~84-85), so those traders may be at our backs. The US dollar has finally taken a pause at the supply zone we ID’d in posts from earlier this week/last week, so that may help commodity, including CL, longs. Keep this one a tight leash; the bounce we’ve had thus far has been tepid, a micro timeframe higher high/higher low hasn’t yet been put in , and daily/weekly “demand” is lower still (low-80s/upper-70s). That said, CL is certainly a trade to put on your radar. Given the technical structure of the recent selloff, consider taking any profits at 1:1, then 86, 87, and 88+. Again, better buys are lower, but start paying attention/stalking longs as remaining profit margin for short sellers is a lot smaller than it was at the beginning of the week (though there is still some downside risk)! Happy trading! Jon @ LionHart Trading
NYMEX:CL1!Long
by LionHart_Trading
Oil price is trying to recover The price perfectly fulfills my last idea and the price reached our target. Additionally Today we have US crude oil stocks and it will affect the market. WTI Crude Oil has been correcting, more aggressively than most thought after a High outside of the Channel Up. Therefore, we expect to witness negative trading during the coming sessions, with the need to be aware that failure to break 88.54 will push the price to achieve additional gains of up to 90.39 initially. stabilizing above 88.54 will support rising to touch 90.39 , 91.04 then 92.45 stabilizing under 87.67 will support falling to touch 86.08 and then 85.31 I prefer not to trade at this moment until today to know what the OPEC Plus will do. Resistance prices: 90.39 & 91.04 & 92.45 Support prices: 86.08 & 85.31 & 84.35 The expected trading range for today is between support 87.67 and Resistance 91.04
TVC:USOIL
by Evar_Mayi
Potential Oil Decline Amidst Tight Supply and Fed Rate HikeRecent market dynamics, characterized by a tight supply scenario and growing speculations of a Federal Reserve rate hike, have raised concerns about the future trajectory of oil prices. 1. Tight Supply Scenario 2. Speculations of a Federal Reserve Rate Hike Given these circumstances, it is crucial to approach oil trading with caution. The combination of a tight supply scenario and the possibility of a Federal Reserve rate hike creates an environment of heightened volatility and increased risks. Therefore, we strongly recommend pausing oil trading activities until further clarity emerges. At this juncture, it is essential to reassess your investment strategy and consider the potential impacts of these factors on your portfolio. We encourage you to consult with your financial advisor or reach out to our dedicated team of experts who are available to provide you with tailored guidance and support. In conclusion, we believe it is prudent to exercise caution and refrain from making any hasty decisions regarding oil trading. The current market conditions, characterized by tight supply and speculations of a Federal Reserve rate hike, warrant a careful approach to mitigate potential risks.
TVC:USOIL
by bryandowningqln
CFDs on WTI Crude Oil 4H Hello Traders WTI is continuing with major pullbacks off the upper resistance cluster level increasing the bearish momentum. WTI is likely to finalize the whole ascending wedge with the main breakout below the boundary. USOIL just retested the low of last week and started to rise from there without any stop. stabilizing above 87.67 will support rising to touch 89.46, 90.39 then 90.98 stabilizing under 87.67 will support falling to touch 86.08 and then 45.59 Pivot Price: 87.67 Resistance prices: 89.46 & 90.39 & 90.98 Support prices: 86.08 & 84.59 & 83.69 timeframe: 4H
TVC:USOIL
by Evar_Mayi
OIL, Crucial Wedge-Formation, Huge PLUNGE to Follow Next!Hello There! Welcome to my new analysis of OIL. Within the recent high inflation development with continued rate hikes in a lot of economic fields, it has to be mentioned that OIL could be on the brink of major market disruptions especially when the rate hikes continue to rise further together with the DXY printing the next new highs. In this case, I have detected important underlying dynamics within the analytics dashboard and I have put them into perspective to determine what should be considered with OIL in the upcoming times. As when looking at my chart now, OIL could since May 2023 recover from the crucial bearish wave lows nonetheless this wave does not have a fundamental open interest and volume backing and this is why it can turn any time especially when a massive bearish supply wave is entering the market because of grievous rate hikes and potential new supply-chain disruptions that are going to trigger a supply shortage. Taking these crucial factors into consideration a major bearish decline and bearish momentum acceleration may be just around the corner. OIL has also formed this gigantic descending channel formation in which it has the major bearish distribution resistances within the upper boundary as marked. The most determining factor here is the massive ascending triangle formation that leads directly into the upper resistance zone and is now about to complete the wave count within the ascending triangle. This means, that as the wave-count directly approaches the crucial upper resistance zone it is going to lead to an increased bearish volatility breakout below the boundaries within the next times. Once the gigantic ascending triangle formation has been completed it is going to activate the next bearish continuation below the 100EMA and 300EMA. Especially, once the price-action formed the breakouts below the levels this is going to massively accelerate the bearish dynamics towards the lower levels and continue into the bearish momentum direction. The bearish price dynamic is going to continue till the final targets have been reached and in this case, it will be highly determining how the final targets are actually approached especially when the interest rates continue to rise together with supply-chain disruptions to accelerate this is going to trigger the next bearish waves even below the final target zones. Taking all the factors into consideration and because of the gigantic ascending triangle, together with the underlying indications with the interest rate dynamic as well as the supply-chain disruptions dynamic I am keeping the symbol on my watchlist and I am going to re-evaluate the situation once important changes happened within the bearish formation. In this manner, thank you everybody for watching my analysis of OIL. Support from your side is greatly appreciated. VP
TVC:USOIL
by VincePrince
11
Ride the Bullish Wave in Oil Trading with OPEC + Supply Cuts!As an oil trader, you'll be thrilled to know that the economic conditions remain bullish, thanks to the continued OPEC + supply cut. The oil market has been experiencing a remarkable rebound, primarily driven by the collective efforts of OPEC + countries to stabilize prices. With the ongoing supply cut agreement, we have witnessed a gradual reduction in global oil inventories, leading to a more balanced market. This positive trend has undoubtedly instilled confidence in the market, and we believe it is an opportune time to capitalize on this bullish sentiment. Now, you might be wondering, "How can I make the most of this bullish wave?" Well, fear not! I'm here to guide you towards the path of success. Here's a call-to-action that encourages you to long oil and seize the potential profits: 1. Stay Informed: Keep a close eye on the latest news and updates regarding OPEC + decisions, global oil demand, and geopolitical factors. Being well-informed will help you make informed trading decisions and stay ahead of the curve. 2. Analyze Market Trends: Utilize technical and fundamental analysis to identify key trends, support, and resistance levels in the oil market. By understanding the market dynamics, you can make more accurate predictions and execute well-timed trades. 3. Diversify Your Portfolio: Consider allocating a portion of your trading capital to oil-related assets, such as oil futures, ETFs, or energy stocks. Diversification can help mitigate risks and maximize potential returns. 4. Set Realistic Targets: Establish clear profit targets and stop-loss levels to manage your trades effectively. Remember, a disciplined approach to trading is crucial for long-term success. 5. Leverage Technology: Take advantage of advanced trading platforms and tools that offer real-time data, market analysis, and customizable indicators. These resources can provide valuable insights and enhance your trading strategies. By following these steps, you'll be well-positioned to ride the bullish wave in the oil market and potentially reap substantial rewards. Remember, maintaining a positive outlook and embracing opportunities is key to achieving your trading goals. So, dear traders, let's embark on this exciting journey together and make the most of the optimistic oil market conditions. Stay bullish, stay positive, and let's make some profitable trades!
FX:USOILSPOTLong
by bryandowningqln
Crude oil returns to 100 The latest consolidation in oil prices appears to be over, with both Brent and WTI posting solid gains. There are currently no signs of increased supply from major producers, and economic data continues to support the idea of more growth. Crude oil has now reached 95.04, which has exceeded our expectation of 93.5. Under the current market conditions, crude oil will slowly rise to 100. Now the trading strategy is pulling back and rising slowly. The range of 93.5-94.8 continues to rise.
VANTAGE:CL-OILLong
by Anthony-Ryan
4
Oil Prices Continue to Rise - Take Advantage and Long Now!Brace yourselves because Russia's push towards $100 per barrel is causing a wave of optimism that we simply cannot ignore! The energy landscape has been buzzing with anticipation, and the recent surge in oil prices is a clear indicator of the incredible opportunities that lie ahead. With Russia's bold move, we are witnessing a significant shift in the market dynamics, and this is where you can make a smart move by long oil. Why should you consider long oil at this moment? Let me break it down for you: 1. Russia's push: Russia's determination to drive oil prices up to $100 per barrel is a game-changer. Their actions are sending shockwaves throughout the industry, creating a perfect storm for traders to capitalize on this upward trend. 2. Global demand: As the world recovers from the pandemic-induced economic slowdown, the demand for oil is rebounding rapidly. With economies reopening, travel resuming, and industries ramping up production, the demand for oil is set to skyrocket, further fueling the price surge. 3. Limited supply: Despite efforts to diversify energy sources, oil remains the lifeblood of our modern world. The supply of oil cannot keep up with the ever-increasing demand, leading to a supply-demand imbalance that favors higher prices. This is an opportunity we cannot afford to miss! Now, you might be wondering how you can take advantage of this incredible opportunity. Here's your call-to-action: Act now and consider opening long positions in oil to maximize your potential gains. With the market sentiment favoring an upward trajectory, it's time to ride the wave and make the most of this exciting period. Whether you prefer futures contracts, ETFs, or other oil-related investment instruments, ensure you position yourself for success. Remember, timing is crucial in the world of trading, and this moment is ripe with potential. Seize the opportunity and make your move before it's too late! Get ready to embark on an exhilarating journey as oil prices continue to soar. Buckle up, traders, because the time to long oil is now! Wishing you profitable trades and an exciting journey ahead! www.bnnbloomberg.ca
TVC:USOILLong
by bryandowningqln
3
UsOil (OIL) -> Most Talked About AssetMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on UsOil. Looking at the chart of UsOil you can see that just four months ago Oil perfectly retested and already rejected the 0.618 fib level in confluence with previous support structure. The real next resistance is once again the previous swing high at $110 from which we already saw a major bearish rejection and this means that we have another +20% move on Oil. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
TVC:USOILLong
by basictradingtv
24
WTI Crude Oil 4H midday updateOil prices are under negative pressure to reach the level of 94.20, but requires anticipation from previous negotiations Today, the price is under further negative pressure during the previous session, including a break of 94.55 key price trend against the upside It has the chairman's target of 96.60. stabilizing under 94.55 will support falling to touch 92.35the 90.98 Pivot Price: 94.55 Resistance prices: 96.60 & 98.34 & 100.14 Support prices: 92.35 & 90.98 & 88.73 timeframe: 4H
TVC:USOILShort
by Evar_Mayi
CVX, Major CONTINUATION-SETUP, Sector Rally, BREAKOUT INCOMING!Hello There! Welcome to my new analysis about CVX on several timeframe perspectives. The oil market since the corona pandemic supply-shock dynamics has formed a important dynamic and had the ability to form a major rebound recovery with several new highs being formed and CVX having the ability to bounce into a new all-time-high. Now a big part of the dynamic is the consideration of if CVX has the potential to continue with this established formation and with the established trend moving on with further determinations. CVX on the local timeframe perspective is building this main wedge formation with great supports above the 140-150 area. If this wedge formation completes with the appropriate momentum breakout this will activate initial target-zones and above this considering the whole global big picture CVX is forming a much larger formation here with the broadening-wedge-formation on the global perspective being completed once the breakout of the local formation also setup. With the projection of this formation targets above 400 will be activated. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
NYSE:CVX
by VincePrince
15
Market tension is greater than the impact of the dollar Expectations of tighter crude oil supply and an uncertain economic outlook have caused demand concerns. At the same time, crude oil continues to be hit by the double blow of the appreciation of the US dollar and expectations of interest rate hikes, and the impact of a rapid tightening of supply is offset by market investors' low risk appetite for higher interest rates in the long term. Oil prices in Asia rose to 91.5. The subsequent trend will rebound and then rise slowly. The overall market is bullish.
VANTAGE:CL-OILLong
by Anthony-Ryan
Oil Soars to 2023 Highs: Sets New Support Levels? WTI crude futures surged by 3.5% on Wednesday, briefly reaching above $94, marking their highest settlement price of 2023. This impressive rally followed the release of EIA data indicating a larger-than-expected decrease in US crude inventories, showing a 2.17 million barrel drop in the past week. In parallel, Brent crude futures saw a substantial increase of 2.8%, reaching $96.55 and even breaching the $97 threshold during the trading session. Market sentiment is increasingly concerned about tightening supplies as we approach the northern hemisphere winter. Earlier in the month, major OPEC+ players, Saudi Arabia and Russia, extended supply cuts of 1.3 million barrels through the end of the year. The question that looms is whether oil can fall below the recent lows of $88.00 per barrel without a decision to raise production? And if we don’t see the impetus for oil to keep going higher, how well do we think the recent higher highs ($92.65) and lower highs ($91.30) will fare against some potential corrective downside pressure?
BLACKBULL:USOIL.F
by BlackBull_Markets
Oil Pushes Up Cushing Stock Supply Tightens - Time to Long Oil!Introduction: Hey there, fellow traders! We've got some exciting news to share that'll make you want to jump on the oil bandwagon. The oil market has been buzzing lately, and we're here to shed light on how the recent developments are creating a golden opportunity for all you savvy investors out there. So sit back, relax, and let's dive into the world of oil! Oil Pushes Up Cushing Stock Supply Tightens: In recent weeks, the oil industry has witnessed a significant surge in prices, leading to a tightening of supply at the Cushing stock. For those unfamiliar, Cushing, Oklahoma, serves as a crucial hub for oil storage in the United States. This tightening supply indicates a strong demand for oil, which bodes well for those who are looking to invest in this lucrative market. The recent push in oil prices has been primarily driven by several factors. Firstly, with the global economy gradually recovering from the impacts of the pandemic, the demand for oil is rapidly increasing. As travel restrictions ease and industries resume operations, the need for oil is skyrocketing. Furthermore, geopolitical tensions and production constraints in certain oil-producing regions have also contributed to the tightening supply. These factors, coupled with the growing global energy demands, have set the stage for a potentially profitable opportunity in the oil market. Call-to-Action: Long Oil and Reap the Benefits: Now that we've established the positive outlook for the oil market, it's time to seize this opportunity and make some smart investment moves. Here's our call-to-action for all you traders out there: long oil! By going long on oil, you can position yourself to take advantage of the rising prices and the tightening supply at Cushing. This strategy involves buying oil futures contracts or investing in oil-related exchange-traded funds (ETFs). With the bullish trend expected to continue, going long on oil could potentially yield significant returns in the near future. Remember, as traders, it's crucial to stay informed and keep a close eye on market trends. Stay updated with the latest news, monitor supply and demand dynamics, and consult with financial experts to make informed decisions. With the right strategy and a positive outlook, you can ride the wave of this oil market surge and maximize your gains. Conclusion: There you have it, fellow traders - a golden opportunity awaits in the oil market! With the tightening supply at Cushing and the rising demand for oil, going long on oil could prove to be a smart investment move. So, let's embrace this positive momentum, stay informed, and make the most of the potential returns that lie ahead. Remember, the key to success in trading lies in calculated risks and thorough market analysis. So, gear up, get ready, and let's ride the oil wave to financial success! Disclaimer: Trading involves risks, and it is essential to conduct thorough research and seek professional advice before making any investment decisions.
TVC:USOILLong
by bryandowningqln
1
WTI Crude Oil 4H Oil midday updateUSOIL Oil price resumes its positive trading now, confirming the continued dominance of the upward trend during the coming sessions, and the way is open to achieving our first target at 92.19 . stabilizing above 90.43 ill support rising to touch 92.19 then 93.27 then 95.07 stabilizing under 90.43 will support falling to touch 88.73 the 87.64 Pivot Price: 90.43 Resistance prices: 92.19 & 93.27 & 95.07 Support prices: 88.73& 87.64& 86.08 timeframe: 4H The general trend expected for today: bullish
TVC:USOILLong
by Evar_Mayi