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Usoilanalysis

Crude oil trading tips last week Crude oil opened at around 87.8 and ended at around 88.2 last week. The overall trend of crude oil last week was bullish. We look at the price changes of crude oil with an upward trend. We can see that the greater the downward adjustment, the more the price increases, and the objective trend enters sideways. To summarize, the current price in the sideways range is beneficial to traders, which is in line with the trend following method. We only need to buy at low points according to the overall upward trend. If the price breaks up and down, we will use the turtle trading rule. The above is a review and analysis of last week’s crude oil trading. If you need more content, please join me.
TVC:USOILLong
by Krause_Philipp
USOIL WTI Technical Analysis And Trade IdeaIn this video, we conduct a comprehensive analysis of the USOIL market, with a primary focus on the prevailing bearish sentiment observed in higher timeframes. Notably, WTI has recently approached a critical support level. Throughout the video, we delve into essential elements of technical analysis, which encompass aspects such as the current trend, price action dynamics, market structure, and various other fundamental components of technical analysis. As we progress through the latter part of the video, we closely examine a potential trading opportunity. It is crucial to emphasize that the information presented here serves exclusively for educational purposes and should not be construed as financial advice. Engaging in currency market trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate risk management strategies into your trading plan.
OANDA:US30USDShort
by fxtraderanthony
USOIL Analysis . Plan for next week.Hello Everyone. i want share my idea about USOIL. After big and strong uptrend we saw some trend reversal change which actually was correction of price. in this week price start perfect up movement which broke some resistances and then had good reaction at the levels. Price action is upside it has strong downside movements but with it i think they are taking liquidity and filtering Traders, at all high timeframe price action is upside and i think it will for a long time. Here is my setup for this trade. Open Long position - 88.28 Stop Loss - 86.30 Take Profit - 93.72 In this setup here is perfect 1:3 reward ratio but if i will be right i will wait if oil will brake weekly resistance at 95.00 i will trail my stop loss and follow trend. Be patient!!! Manage your risk!!! Make your own research!!!
TVC:USOILLong
by elmakacho
US Oil SPOT | Perspective for the new week | Follow-upThe week concluded with crude prices surging by a staggering 7%, leaving investors on edge as the Middle East crisis intensified. Israel's announcement of a ground assault on Gaza propelled the region into a new phase of heightened tensions, further fueling market uncertainty. As we look ahead to the coming week, two pivotal factors will shape the direction of oil markets. Firstly, the extent to which the conflict in the Middle East escalates and its potential impact on oil supplies in the world's leading oil-producing region. Secondly, all eyes will be on the eagerly awaited weekly update on US crude stockpiles, set to be released on Wednesday. Notably, last week witnessed a significant surge in crude stocks, with exports experiencing a sharp decline of nearly 2 million barrels, bringing the daily average to 3.067 million barrels compared to the previous week's 4.956 million barrels. These developments set the stage for a captivating week ahead, filled with anticipation and potential market shifts. Let's explore what lies in store for us in the upcoming week. US Oil Technical Analysis: In this video, we delve deep into the 4-hour timeframe, dissecting key supply and demand zones to uncover invaluable insights into the potential trajectory of price action for USOILSPOT in the week ahead. Join us as we delve into a comprehensive technical analysis of the US oil market, exploring trends, key levels, and chart patterns that hold the key to unlocking profitable opportunities. Don't miss out on this golden opportunity to elevate your understanding of the future path of USOILSPOT. Stay ahead of the curve and gain a distinct competitive edge by immersing yourself in this price-action-based technical analysis. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
FX:USOILSPOT
by darcsherry
Crude Oil: Planning Strategies Today Through the analysis of the hourly chart of crude oil, we know that the market rose first and then fell yesterday, forming a shock upward breakthrough trend yesterday. By comparing with the previous period, we already said last week that we expected to form a bullish trend. When the high level fell in the early period, all the moving averages began to turn around. The downward movement forms a turning point from bull to bear. From the formation of a wave of decline, all the moving averages have formed a bull trend. All the moving averages below are supports, and the MACD below has always been running above the zero axis. The market is very likely to make further upward breakthroughs. In terms of operation, we continue to think high and low and focus on going long on dips and shorts. The specific suggestions are as follows: Crude oil 90 and 91.50 are long respectively. Crude oil is short at 95.0 and 95.6 respectively.
TVC:UKOILLong
by Dylan-Jones
Crude oil - Elliott Wave CountCrude oil - Elliott Wave Count Certainly, here is the rewritten text: Based on market analysis, it appears that crude oil is currently undergoing a triangle correction of wave B, with a projected target range of $89.5. Once the wave B correction is complete, wave C is expected to decline all the way to the $75 range. In light of this, we recommend refraining from taking long positions in a bearish market. Instead, it would be prudent to wait for a reversal and take a short position. Please note that this information is for educational purposes only, and it is crucial to trade with caution. TVC:USOIL FX:USOILSPOT BLACKBULL:USOIL.F MCX:CRUDEOIL1! NYMEX:CL1! TVC:USOIL CAPITALCOM:OIL_CRUDE
FX:USOILSPOTShort
by Treda_pro
Crude oil target 90 Market analysis In the last post, we talked about the US crude oil market maintaining the price of crude oil to a certain extent, but the impact of the conflict in Pakistan on the crude oil market completely covers other market conflicts, and crude oil is bound to rise. Technical analysis After crude oil rose to 88.3, the short side gradually took over the main direction. From a larger level, it can be observed that the oil price just encountered resistance at the upper edge of the flag relay and fell back. Crude oil is bullish given the ongoing conflict.
CLong
by Anthony-Ryan
10.16-10.20 USOIL weekly outlookHello traders, I have all my targets hit last week. Please go back to check these ideas. What is happening in the Middle East has very huge influence on OIL. What is going to happen in the next few weeks will also influence the trend and the strength of trend on OIL. On this weekly chart, I would say it is very possible for USOIL to make a new leg up to very high position, like position 5 which is FIBO 2.27 of wave 1. With all support on EMAS and Israeli-Palestinian conflict, usoil would make a new recent high very easily. Please check on every session for your entry position to long this week. GOOD LUCK!!! LESS IS MORE!
TVC:USOILLong
by FUNTRADER-Vera
1
The Unexpected Rise: How Potential USA Sanctions Drive Oil PriceAs I'm sure you are aware, recent developments have led to a rise in oil prices by a staggering $2. The main contributing factors to this increase are the potential imposition of sanctions by the USA and a significant tightening in global supply. This optimistic trend presents a golden opportunity for those looking to make a successful long play in the oil market! Now, this is where your expertise comes into play, dear traders. With all the indicators pointing towards a promising future for oil, I encourage you to consider long positions in your investment strategy. By taking advantage of this upward momentum, you have the chance to capitalize on potentially lucrative gains. So, without further ado, I urge you to kick-start your trading journey, ride the wave of rising prices, and seize this golden opportunity before it passes you by.
TVC:USOIL
by bryandowningqln
USOIL:Downtrend Yesterday I bought near 85.2 and finally stopped at 84.8 because I thought there would be some room for a rebound from a rapid decline. Yesterday I judged that there will be a lot of room for decline if it falls below the important position of 84, but every time it falls, there will be certain repeated shocks, so after rising above 83, I chose to buy. Today, let me recover yesterday's loss. But now oil is already in a downward trend, so now you can choose to sell at a high level, then the chance of success will increase. If my thoughts are helpful to you, please like and subscribe
TVC:USOILShort
by UnknownUnicorn60055110
3
1012 USOIL expecting RSI DIV later to support buying planHello traders, USOIL did not make our buying plan a successful one yesterday. It turned down after making ABC (blue) sideways price action after being rejected from Resistance 1. The new ABC (red) is where we are waiting for a buying signal to buy today. Fundamentally, usoil should not on a bearish trend. So we are waiting for signal with RSI div AND price stands above EMAS again to open buying position again. BTW, right now it is not a good position to sell IMO. Good luck on this plan. LESS IS MORE!
TVC:USOILLong
by FUNTRADER-Vera
1
USOIL Technical Analysis and Trade Idea (applies to WTI Brent)This video provides an in-depth analysis of USOIL (WTI Brent also applicable). On the weekly chart, we observe a bullish trend that has undergone a significant correction to key support levels. The weekly chart indicates that the overall bias is still bullish, but the daily chart shows a bearish market structure break. A bearish trend has not fully established yet, as the price action is forming a triangle pattern on the daily chart evidenced by lower highs and higher lows. A further downward movement that breaks the current support level would signal a possible bearish continuation scenario. This video is for educational purposes only and does not constitute financial advice.
TVC:USOIL
by fxtraderanthony
5
Profiting from Oil Price Drops Recent events have led to a significant drop in oil prices, primarily due to the phenomenon known as "demand destruction." I believe this presents an opportune moment for traders like yourself to consider shorting oil and potentially reap substantial gains. Considering the conservative nature of your trading approach, shorting oil could be a prudent strategy to capitalize on this situation. By short selling oil, you can aim to profit from the further decline in oil prices. This approach aligns with a conservative trading philosophy, as it allows you to take advantage of the current market conditions while minimizing potential risks. To maximize your potential gains, I recommend conducting thorough research and analysis before executing any trades. Keep a close eye on global economic indicators, such as GDP growth forecasts, industrial production figures, and travel restrictions. Additionally, monitor geopolitical developments, as they often have a direct impact on oil prices. By staying informed and vigilant, you can make well-informed decisions that align with your trading strategy. I understand that shorting oil may not be suitable for everyone, and each trader has their own risk tolerance and investment goals. However, I believe that the present circumstances present a compelling opportunity for those who are willing to take a calculated risk. In conclusion, the recent oil price drops resulting from demand destruction offer a promising chance to profit from shorting oil. As a conservative trader, this strategy allows you to capitalize on the current market conditions while adhering to your risk management principles. Remember to conduct thorough research, stay informed, and make well-informed decisions aligned with your trading strategy. Should you have any questions or require further assistance, please do not hesitate to comment below. Wishing you success in your trading endeavors
TVC:USOILShort
by bryandowningqln
US OIL / WTI Analysis 13Oct2023Over the last few weeks, the price of oil has experienced a noticeable decline. Upon closer inspection, this trend appears to be the result of a series of corrections from the previously bullish market. Currently, there is speculation surrounding the possibility of Wave (C) occurring, which is being analyzed through the addition of Fibo Expansion. It is predicted that the price will likely move towards the 76 area, which intersects with Fibo 0.786 and the SND area. This level of detail provides a more comprehensive understanding of the current market trends and the anticipated future movements of oil prices.
TVC:USOIL
by Hokusai_FX
DXY I Still have the DXY in the expanded Flat with a top in at $107 which happens to be the fib retracement 50% level of the 5 down wave A. I expect the momentum indicators to begin to slowly roll over. RSI, Stochastic RSI , OBV , MACD should all confirm the last leg of the down trend wave C which I expect to finish around $94. At $94 the DXY should complete a very HTF wave 4 and then kick off what is shaping up to be one ugly recession. W5 targets for DXY run over $130 and I don't think much will survive this risk off trade set up. This is likely what many analysts are referring to as the "Blow off Top" to which I find myself reluctantly agreeing with since all my charts keep leading me down this rabbit hole. ;)
CAPITALCOM:DXY
by Big_Mike716
USOIL: Today's crude oil analysis and operation Crude oil yesterday's typical interval arrangement, the highest 86.7, the lowest 85, the daily line closed small Yin at 85.9, the four-hour chart of the large interval, the top 87 will be an important resistance point in this interval, the lower focus on the 84 break, the breakthrough will fill the gap; From the point of view of the 1-hour line, the lower focus on the 85 support situation, coupled with the current Palestinian-Israeli conflict, may have a certain impact on oil prices, and the day is mainly low and high The specific layout is as follows: (1) below see 85/85.3 long, loss 84.5, target 86.2-86.5 break on the look (2) Above, focus on the breakthrough of 87
TVC:USOILLong
by HectorBrown1