Get started

Oiltrading

OPEC+ could push up oil price as China is most important According to the International Energy Agency (IEA), OPEC+ may push up oil prices, but China remains the most essential factor in the market. As we all know, China is the world's largest oil importer, and any changes in their demand can significantly impact global prices. With their economy recovering and demand increasing, now is the perfect time to invest in oil. The IEA also predicts that global oil demand will continue to rise in the coming years, further supporting the case for investing in this market. As traders, we can take advantage of this trend and potentially see significant investment returns. Therefore, I encourage you to consider investing in oil and taking advantage of this exciting opportunity.
TVC:USOILLong
by bryandowningqln
Crude oil trading planYesterday crude oil 72.60 long rose 73.83 US dollars a line, once again a big win swept 1200 points! Yesterday crude oil went up first and then fell back to the market trend, the trend is completely in our expectations! Yesterday, crude oil jumped high to open 73.60 US $line, the morning crude oil appeared to step back, the minimum step back touched 72.25 US $line, we decisively in 72.60 direct bullish entry, European and American crude oil as scheduled to pull up, the highest pull up touched 73.83 US $line, profit again, then the end of the crude oil high fall, Finally closed at $71.90 line, the daily line with a lower shadow line slightly longer line, and after the end of such a form, crude oil today rebounded short, there is still room for continued decline and demand, keep up with the pace of the market! Today, crude oil is concerned about the upper resistance near $73.40, and the rebound relies on the resistance below here to continue to short, and then look at the vicinity of $70.0!
TVC:USOILShort
by Besttraderking
4
Saudi Arabia boost oil price with output cutI have some exciting news to share with you today. Saudi Arabia has recently announced their plan to boost the oil price by cutting their output by 1 million barrels a day. This is excellent news for the oil industry and presents a fantastic opportunity for investors like you and me. As you know, the oil market has been volatile in recent years, but with this announcement, we can expect a significant rise in oil prices. Therefore, this is the perfect time to invest in oil futures and exploit this exciting development. I encourage you to act fast and invest in oil futures today. This is an opportunity that you don't want to miss out on. With Saudi Arabia's commitment to reducing its output, we expect a steady increase in oil prices over the coming months. Let's exploit this exciting opportunity and invest in oil futures today. I look forward to seeing the positive results of this decision shortly.
TVC:USOILLong
by bryandowningqln
WTI CRUDE OIL Sell continuation at least to 64.50WTI Crude Oil / USOIL is on a strong 1 week selling streak after the rejection on the 1day MA50. With the MACD on a Sell Cross and the price long broken under the Rising Support, every similar past sequence hit at least Support A. You can even sell on the current market price and target 64.50. The long term trend remains heavily bearish inside almost a yearly Channel Down. Every contact with the 1day MA100 is a sell opportunity. Previous chart: Follow us, like the idea and leave a comment below!!
TVC:USOILShort
by TheCryptagon
18
WTI CRUDE OIL: Formed a Megaphone. Buy signal.WTI Crude Oil formed a Megaphone pattern and is now near its bottom with the 4H time frame on oversold technicals (RSI = 27.320, MACD = -1.180, ADX = 31.676). This is a short term buy signal, targeting the top of the Megaphone, 1D MA100 and 0.618 Fibonacci Resistance Zone (TP = 75.00). A breaks under the Megaphone and S1 targets S2 (TP = 63.65). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
13
Valuation Chart for Exxon Mobil (by The Equty Channel)Average analyst target for Exxon s higher at $127.79. Traders who want to take advantage of this may wait to enter the trade near far value of $83.64. Oil prices hare being negatively impacted by the current economic environment and there could be some near term downside ahead of greater summer demand. Those looking to invest should know that the longer term outlook for Exxon calls for earnings to experience a -10.74% CAGR over the next 5 years. Pairing that information with my knowledge of the current economic environment it suggests there could be pandemic-like draw down for the energy sector, as the global economy continues to weaken. Investors should understand that Exxon is anchored to lower prices and wait for better buying opportunities. Tune into the Equity Channel Podcast next week for a discussion of what we may be able to expect in the second half of 2023.
NYSE:XOM
by D1Finance
WTI OIL Sell now and buy back on this levelWTI Crude Oil had a heavy rejection on the MA50 (1d) that broke today Support (1). The selling can extend beyong Support (2) before we get a new buy signal on the (1d) time frame. The long term pattern remains a Channel Down and every MA50/100/200 (1d) test is a sell opportunity. Trading Plan: 1. Sell on the current market price. 2. Buy at 66.00. Targets: 1. 66.00 (Fibonacci 0.1 as it happened on January 5th, a similar fractal). 2. 75.00 (the MA100 (1d)). Tips: 1. The RSI (1d) is under its MA level, which is exactly what happened on January 5th on the short term Low. If the RSI crosses back above its MA, it will be a confirmed buy signal. Please like, follow and comment!! Notes: Past trading plan:
TVC:USOILShort
by TradingBrokersView
1
Will USDCAD Breakout with Western Texas Oil on the Rise?Are you ready for some oil talk? Because I've got some juicy information for you that might make your day. Rumor has it that Western Texas oil is about to rise, which could mean big things for the USDCAD. You see, the Canadian dollar is heavily tied to the oil price, and if it goes up, we might see a breakout in the USD CAD. So, what does that mean for you? It means that you might want to consider loading up on oil and potentially making some sweet, sweet profits. Now, I know what you're thinking. "But wait, isn't oil a volatile market? Isn't it risky?" And to that, I say, "Of course it is! But what's life without a little risk, am I right?" So, if you're feeling adventurous and want to capitalize on the rise of Western Texas oil, I encourage you to load up and get ready for the ride. Who knows, you might just come out on top. Happy trading!
Long
by bryandowningqln
WTI CRUDE OIL: Strong short term buy.WTI Crude Oil hit the bottom of its short term Channel Up, breaking under the 4H MA50 and MA100 after forming a Bullish Cross. With the 4H technicals turning red (RSI = 42.535, MACD = 0.300, ADX = 23.704) we have the conditions for a short term buy opportunity. Our target is the 1D MA100 which is sitting on the 0.618 Fibonacci level (TP = 75.50). The last 4H MA50/100 Bullish Cross resulted in the market peak on the 1D MA200. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
10
WTI OIL Hit the MA50 (1d). Selling action plan.WTI Crude Oil hit the MA50 (1d) today after 3 weeks. Inside this multi month Channel Down, the strongest Resistance-Sell entry level has been the MA100 (1d). Max level it reached before getting rejected as the MA200 (1d) on April 12th. Trading Plan: 1. Sell on the MA100 (1d) at 75.80. 2. Sell on the MA200 (1d) at 79.00. Targets: 1. and 2. 70.00 (over Support 1). Tips: 1. The RSI (1d) is showing a price action on a slow rise over its MA, similar to December 15th and January 11th. This is an additional indicator showing that the top is near. Please like, follow and comment!! Notes: Past trading plan:
TVC:USOILShort
by TradingBrokersView
25
Today's crude oil trading advice Recently, the market's expectations for future fuel demand have declined due to the heightened risk of the U.S. economic recession, and API and EIA inventories have rebounded by varying degrees, which further supports this expectation. However, the AIE International Energy Agency strongly supports crude oil demand, coupled with the expectation of a new round of production cuts by OPCE+, crude oil has begun to reverse repeatedly after falling. After falling as high as 70 in the last trading day, it stabilized and effectively rose, and accelerated after the EIA data, it once hit the first line of 73.2, and the short-term range has repeatedly remained unchanged, and the operation is still not too much to chase Today's crude oil trading advice usoil:sell@72.5-73 tp:72-71.5 Accurately grasp every trading signal, help friends who trust me, and realize freedom of wealth
TVC:USOILShort
by UnknownUnicorn55305536
WTI CRUDE OIL: Triangle breakout revealing the trend.WTI Crude Oil is failing on the 4H MA50 and maintains a dangerous Triangle on the 4H timeframe on neutral technicals (RSI = 44.789, MACD = -0.040, ADX = 23.667) which can breakout either way. So far it is supported by an HL trendline like the March pattern but if this breaks, which would mean downward breakout for the Triangle, we will sell, after the 4H MA50 gets rejected as a Resistance, and target the S1 (TP = 64.00). If the Triangle breaks upwards, we will buy and target the 4H MA200 (TP = 76.00). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOIL
by InvestingScope
6
WTI Crude Oil (The momentum has shifted!) View On WTI (15 May 2023) WTI is in * Downtrend in short term (Intraweek) * Downtrend in Mid term (Intramonth) * Downtrend in Long term (Last 3 months) Follow our analysis on early May. Crude Oil had a good run up to the resistant area of 72~74 before it gets shoot down again. Now we can except $67 regions as a good support and the price can go there first. So, We are not in the hurry to buy in just yet the current momentum is still the bearish one. Stand aside first if you are looing for a long entry. Let's see. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
OANDA:WTICOUSDShort
by SonicDeejay