BRIEFING Week #33: Market are bumpy, be cautiousHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Crude Oil WTI
USOIL: Expecting Bullish Movement! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the USOIL pair which is likely to be pushed up by the bulls so we will buy!
❤️ Please, support our work with like & comment! ❤️
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Hellena | Oil (4H): Short to 50% Fibo lvl 76.54 (Wave "a").Dear colleagues, after the last target achievement the price is actively growing and I believe that this growth is not over yet, but I expect a correction to the area of 50% Fibonacci level 76.54. This movement is a corrective wave "b". After it I will consider the continuation of the upward movement, but at the moment the price needs wave "b".
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USOIL Will Explode! BUY!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 75.41
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 77.21
My Stop Loss - 74.44
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 slips again and Geopolitical tensions rise In my last post about Oil, I said that "Oil has a good possibility to get back to the range of 83.50 and 84.50", but also "Oil had broken 3 LH's that were created between July 22nd, 2024 and August 1st, 2024". I also mentioned that "we can see a pullback in the ranges of 78.84 and 77.12". In my outlook at the top of the week, I said that I was on the buyer's side until price showed otherwise. Now, price is showing signs of not continuing buys but settling into seller's territory.
In this latest out look, I'm going to give you my insight on where the market can possibly go going into next week. Around early 6AM, price broke the HL from last Friday that shot Oil up all the way to the 77.89 area on this past Monday. On Tuesday, price created the "M" formation signaling that sellers were now starting to step in that sent the market selling for the rest of the week. On today Friday, August 16th, Price hit a demand area that sent price shooting past the HL that i stated early in my typing. This could potentially mean that we are now in seller's territory for a minute depending on how the markets may move going into next week. We did leave a gap above after yesterday's sell movement that can send price back that way from Monday going into Tuesday depending on market conditions. I believe if price goes back that way it can be just to create a LH, IF price doesn't make buying structure. Right now my current outlook is bias until the market finds its footing from Monday-Tuesday.
Amid Oil selling from the technical side, Oil is facing rocky streets from fear of the United States economy as investors are getting ready to brace for interest rate cuts and other things going on in different countries. From Fed Powell, to Iran retaliation, and to China's weak economy, Oil is in some unpredictable territory especially with a lot of geopolitical tensions rising. Next week news combined with technicals will give a greater outlook on Oil.
USOIL 78.31 -1.59 % AHEAD OF THE CRUDE INVENTORIES HELLO TRADERS
Hope everyone is doing great
📌 A look at USOIL from MULTI TIME-FRAME ANALYSIS
🎯 CRUDE OIL INVENTORIES TOMORROW
- 7th Aug release was more than expected which meant weaker demand and was bearish for crude prices. The same can be said if tomorrow a decline in inventories is less than expected.
USOIL 4H TF
* Friday & monday where strongly bullish but tues came with change in delivery as we see strong bearish move.
* The weekly & daily TF are still range bound .
* USOIL took External range LQ & price will delive from the -FVG above.
* We are trading in premium of the move, This is where I would be looking for short entries.
* With PO3 looking to open bullish (fri & monday) to confirm a move Lower into +FVG on USOIL.
USOIL 1H TF
* Looking for the hourly to open Bullish into the 4h FVG because our HTF BIAS (PO3) .
* We will see what does the market dish.
* On the 4 hourly IRL > ERL.
- LOWER TF
* ANALYSED IN REAL TIME
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
USOIL 77.00 +1.28% SHORT SENTIMENT MTF ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at USOIL from HTF - MULTI TIME-FRAME ANALYSIS
USOIL DAILY TF
* Wednesday saw strong bullish momentum coming into play, with Thur & Fri cont. this move.
* The weekly & daily TF show we are still trading in a range on the USOIL.
* USOIL took External range LQ, looking for that internal range LQ to be taken.
* We are trading in discount of the move,This is where I would be looking for long entries.
* With PO3 looking to open bullish this week to confirm a move Lower into +FVG on USOIL.
USOIL 4H TF
* Looking for the week to open Bullish into the 4h FVG because our HTF BIAS (PO3) .
* WEEK open I will probably be looking for short positions OPPORTUNITIES.
* We will see what does the market dish.
* On the 4 hourly ERL > IRL.
USOIL 1H TF
* We saw a rally with the bulls, strong momentum to the upside.
* The is a 1H FVG, this is where i would look for short entries this week.
* Should this PD ARRAY hold will be short for the USOIL
* BASED on the price action served this week.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
USOIL BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
It makes sense for us to go short on USOIL right now from the resistance line above with the target of 71.10 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
USOIL Is Forming A Bull FlagHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 76 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 76 support and resistance area.
In Above chart USOIL have also formed a bull flag in which in a consolidation phase now heading towards the trend support.
Trade safe, Joe.
WTI Oil H4 | Falling to pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 77.08 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 75.50 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 79.82 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Oil: Keep buying.
Wait until it reaches a high and then go short.
For a month, I used the correct trading signals as a reference. This is what everyone can see. There is no mistake in the operation.
I want to post my views here to save those who continue to lose money. Or those who don’t know how to trade or don’t make any profit. I just use my expertise.
If you keep losing money, leave me a message. Even if you are a novice. Follow me and you can see the changes in your balance in a very short time.
USoil: Oil prices will continue to rebound this week.Oil is about to form an oversold rebound situation, and the target this week is expected to be above 74. The current price is around 72.2. The USoil quote on tradingview is used as the basis.
Investors with large amounts of funds can buy in advance.
If your trading continues to lose money. Or the profit is not ideal. Remember to refer to my trading instructions or follow me. Prevent further losses. NYMEX:CL1! MCX:CRUDEOIL1! NYMEX:MCL1! MATBAROFEX:WTI1!
USOIL Will Go Down! Short!
Please, check our technical outlook for USOIL.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 77.44.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 75.87 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.
Like and subscribe and comment my ideas if you enjoy them!
WTI OIL Short-term pullback possible but doesnt change the trendLast week (August 06, see chart below), we made a strong bullish case on WTI Crude Oil (USOIL) and why on the 1M time-frame, the long-term target is $110.00, a symmetric approach on the 10-year Super Cycles:
Today we shift back to the shorter term 1D time-frame, as the price went from $73.00 to $80.00 within a week, and we are looking for potential pull-backs. Short-term corrections on medium-term Channel Ups have been common in the past 1.5 year and are displayed by the red ellipse patterns.
Yesterday's rejection took place on the 1D MA100 (green trend-line), which is something that also took place on January 29 2024. Assuming that a new Channel Up will emerge, we expect it to reach at least the 1.5 Fibonacci extension at $91.50, similar to the April 05 2024 High.
There are numerous Resistance levels involved this time however, with the strongest being the Lower Highs trend-line that started after the September 28 2023 High. As a result caution is advised once the price approaches that level.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
WTI: Knock, knock…WTI recently rejected the lower edge of the turquoise Target Zone between $79.67 and $85.86. We expect a further advance into this range before the high of turquoise wave B can be established. The price should then turn around and sell off with the last leg of the green wave (2) into our same-colored Target Zone between $49.85 and $27.93.
WTI Oil H4 | Bullish uptrend to resume?WTI oil (USOIL) has bounced off a pullback support and could potentially climb higher from here.
Buy entry is at 78.66 which is a pullback support.
Stop loss is at 77.90 which is a level that lies underneath a pullback support.
Take profit is at 82.01 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
CRUDE OIL (WTI): Time For Pullback
WTI Oil may pull back from a recently broken
daily structure resistance that turned into a support now.
As a confirmation, I see a double bottom pattern on an hourly time frame.
I think that the price can bounce to 79.25 level.
❤️Please, support my work with like, thank you!❤️
2024-08-13 - priceactiontds - daily update - oilGood Evening and I hope you are well.
tl;dr
Oil - Bears showed signs of life, rejecting 80 with decent selling. Still an inside bar to Monday and bulls bought it at the bull trend line. Below 78 bears start hoping again, but it’s more reasonable to expect more upside. At the very least a retest of 80 and if bears are strong, they try to keep that resistance.
comment: Expected pullback by the bears and bulls bought the bull trend line. Everything in order so far, retest of 80 is expected. If bulls are strong, we will break above for 81 or 82. Below 77.6 bears could get hopeful and again but I doubt it. Daily ema is at 77.2, so that would be their first target.
current market cycle: trading range (triangle)
key levels: 77 - 82
bull case: Bulls tried twice at 80.15 and then mostly stepped aside after bears increased the selling pressure on bar 37/38. They bought the bull trend line and want a retest of 80 from here. If they fail to keep it above the bull trend line and 77.6, they risk that 80 was a lower high and bears might try to sell down to 72 again. Since Monday was so strong, more upside is the higher probability outcome over the next days.
Invalidation is below 78.6.
bear case: Bears generated decent selling pressure and retest the bull trend line. I don’t think they want to fight hard for 79 and will try to keep it below 80 again. If they would manage to break below the bull trend line, their next target would be the daily ema at 77.2.
Invalidation is above 79.
short term: Bullish above 78.8 for retest of 80. Bearish below 77.6 for more downside.
medium-long term: We are seeing the big triangle playing out between 72 and 82/84. The high of the triangle got tested until mid of April and we have now tested the lows around 72.5. We are at the bear trend line and odds favor the bears if they stay below 86.27 for trading back down below 76 again. Update: If we break below 70.67, the triangle is dead and we need to find new support. Will update this again when it happens.
current swing trade: None
trade of the day: Sell below bar 37. Can take most off at the double bottom bar 50 + 54 and exit runner once the market reached the bull trend line and refused to trade below it.
USOIL ( BREAKOUT LAST SUPPLY ZONE ) ( 4H )USOIL
HELLO TRADERS
after breakout last supply zone , the price stabilizing up trading , on the Friday price can be breaking supply zone and starting a rising , currently it will be attempt to reach a next supply zone around 78.56 .
Tendency , after price breaking a supply zone , currently price is under upward pressure .
Upward Zone : currently price trying to reach a resistance level (1) at 78.56 , possibly of the price retest a turning level at 76.37 before rising , breaking resistance level (1) with remain this level it continues the upward trend to touch resistance zone between 81.02 and 83.53 .
Downward Zone: by breaking turning level with closing 4h candle below it , the price decline to reach support level (1) 74.76 , after remain below this level we see a downward trend to reach a regions 71.80 and 69.64 .
CORRECTIVE : currently price it will be attempt for retest to reach a turning level at 76.37 before to see upward trend .
TARGET LEVEL :
RESISTANCE LEVEL : 78.56 ,81.02 , 83.53 .
SUPPORT LEVEL : 74.76, 71.80 , 69.64 .
USOIL BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the USOIL with the target of 75.00 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅