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Oiltrading

Trading advisory: Pause trading due to oil price target of 87.16I wanted to provide you with the latest update regarding the oil market and its recent volatility that demands immediate attention. After careful analysis, our experts have projected a significant revision in the oil price target, with the new estimated threshold being $87.16 per barrel. Given the sudden change in the market, I strongly urge you to exercise caution and consider adopting a temporary pause on oil trading activities until further notice. This move will allow for a more prudent approach in dealing with the uncertainties surrounding the current market conditions. Our decision to recommend this temporary halt is rooted in the desire to mitigate potential risks that may arise due to the oil price's downward trajectory. By taking a pause in oil trading, you can protect your investments and reassess your strategy in light of the evolving market dynamics. Remember, it is crucial to prioritize the long-term stability and profitability of your investments over short-term gains. In summary, I strongly advise you to pause your oil trading activities and analyze the market situation closely before making any new decisions. Your diligence and careful consideration at this critical juncture will go a long way in safeguarding your investments and optimizing your future trading success. Thank you for your prompt attention to this matter. We appreciate your understanding and willingness to adapt to the evolving market conditions. Together, we can weather this storm and emerge stronger.
TVC:USOIL
by bryandowningqln
Crude oil ushered in a new opportunity for growth The latest exclusive report from the US "Wall Street Journal" claims that Saudi Arabia has told the White House that they are willing to increase oil production early next year if crude oil prices remain high. A new round of military conflict broke out between Israel and Palestine last weekend, causing international oil prices to soar more than 4% after opening. This week, it gapped higher and opened higher, breaking the weak pattern and regaining its position above the middle track. It is currently undergoing a rebound correction, and the space is slightly larger. In the short term, there is a high probability that oil prices will stabilize and then recover from the sharp drop during the holidays. Pay attention to the next changes in geopolitical factors and pay attention to the rhythm. During the day, focus on the first-line support of 84.4 at the bottom and the first-line resistance of 87.24 at the top. Above 84.4 is bullish, the target is 87.3-88.4. Below 84.4 is bearish, the target is 82.8-81.6. The RSI technical indicator is moving upward.
VANTAGE:CL-OILLong
by Anthony-Ryan
WTI CRUDE OIL: Sell right at the top.WTI Crude Oil has completed the short term bounce we warned you of last week and the technical outlook remains neutral on the 1D timeframe (RSI = 52.922, MACD = -38.990, ADX = 32.850). The 4H timeframe is close to a Death Cross, the first one since May 3rd and that can form the LH at the top of a Channel Down. Our target remains the 1W MA50-1D MA50-S1 level (TP = 78.50). We will not consider buying before a MACD Bullish Cross on the 1D timeframe. 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
4
Oil Spikes 5% Following Hamas Attack in Israel Following a recent attack by Hamas in Israel, oil prices have surged by 5%, and it is crucial for us to closely monitor this situation. The attack in Israel has heightened geopolitical tensions in the region, which historically have directly influenced oil prices. As traders, it is essential for us to exercise caution and remain vigilant during times of increased volatility. The recent spike in oil prices serves as a stark reminder of the potential risks and opportunities that can arise in the energy markets. Given the current circumstances, I strongly encourage you to closely watch the oil market and closely monitor any further developments in the region. It is essential to stay informed and be prepared to act swiftly if necessary. As we have seen in the past, geopolitical events can have a lasting impact on oil prices, and it is crucial to be proactive in managing our positions. In light of this situation, I suggest the following actions: 1. Stay informed: Keep yourself updated on the latest news and developments in the Middle East, particularly regarding the Israel-Hamas conflict. Reliable news sources and market analysis can provide valuable insights into potential market movements. 2. Monitor oil prices: Regularly track the price of oil and observe any significant fluctuations. Pay attention to key support and resistance levels, as they can help inform your trading decisions. 3. Diversify your portfolio: Consider diversifying your trading portfolio to mitigate potential risks associated with geopolitical events. A well-diversified portfolio can help protect against unexpected market movements. 4. Implement risk management strategies: Review and reassess your risk management strategies to ensure they are robust and aligned with your trading goals. Set appropriate stop-loss orders and consider using trailing stops to protect your positions. Remember, caution is key during times of heightened volatility. While the situation may evolve rapidly, it is essential to approach trading with a level-headed mindset and avoid making impulsive decisions based on emotions.
TVC:USOIL
by bryandowningqln
1
The Price of Black Gold: A Poetic Analysis -- The Relative Strength Index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. -- The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of prices. -- The MACD for Brent Oil is currently above the signal line and in positive territory. This suggests that the uptrend in Brent Oil remains intact. -- Potential Direction for Brent Oil Based on the Elliott Wave, RSI, MACD, and other technical tactics, the potential direction for Brent Oil on the weekly timeframe is bullish. Brent Oil is likely to continue its uptrend, with the next target being the 100 USD level. However, if Brent Oil breaks below the 80 USD level, it would suggest that the uptrend is at risk. -- Factors That Could Affect the Analysis There are a number of factors that could affect the analysis of Brent Oil, including: Global economic growth: A strong global economy will lead to increased demand for oil, which would support prices. Geopolitical tensions: Geopolitical tensions in the Middle East and other oil-producing regions could lead to supply disruptions, which would boost prices. US monetary policy: The US Federal Reserve is raising interest rates in an effort to combat inflation. This could lead to a slowdown in the global economy and a decline in oil demand, which would weigh on prices. Overall, the technical outlook for Brent Oil is bullish on the weekly timeframe. However, investors should be aware of the factors that could affect the analysis and should adjust their positions accordingly. -- Additional Notes It is important to note that no technical analysis is perfect, and the price of Brent Oil could move in a way that is not anticipated by the analysis above. Investors should always do their own research and consult with a financial advisor before making any investment decisions.
CAPITALCOM:OIL_BRENT
by YExplore
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 ALLKA_RESEARCH
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