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WTI-OIL

USOIL (WTI) BUYING ON DIPS HELLO TRADERS,,, As i can see this chart of USOIL it is moving same as we had predicted in our previous analysis Israeli & Gaza War Tensions are driving Gold and Oil prices in bullish trend and we can see a Wyckoff Pattern on the base of technical view the support is holding the price of oil and i am expecting it will boost to the upside for completing this technical pattern... History will repeat, like the 1973-1974 war, where all the Arab countries stopped the supply of OIL. Can we see the same thing in 2023-2024 as war is at its peak? If the same happens, the OIL price will shoot to 120-130 barrels directly . this is just an trade idea with Technically + Fundamentally view Kindly share Ur thoughts on US OIL so it will help alote traders community we appreciate Ur love and support Stay tuned for more updates
TVC:USOILLong
by APEX_TRADING_ACADMEY
WTI BEARISH OUTLOOKOil prices dropped over 2% as U.S. crude stockpiles rose, signaling weakened demand. Additionally, concerns about the global economic outlook led to a broader sell-off in equities. Brent crude futures fell by 2.2% to $88.13 a barrel, while U.S. West Texas Intermediate crude futures slid by 2.7% to $83.13 a barrel. These price declines were driven by a combination of rising inventories, reduced demand, and economic uncertainties, highlighting the impact of geopolitical tensions and broader market sentiment on oil markets. The market's attention has been fluctuating between geopolitical factors, including the conflict in the Middle East, and macroeconomic concerns, such as U.S. Treasury yields nearing 5% and the pace of economic growth. These uncertainties are affecting oil demand and prices, making it a volatile and complex market. Additionally, the article touches on issues related to the energy transition, with companies like Shell cutting jobs in its Low Carbon Solutions business, and Siemens Energy seeking government support for its wind-turbine unit. On a technical side, the daily graph had formed a Three Black Crows pattern 2 days ago, which is a reliable predictor of continuous down movement, technical indicators as MACD and RSI are also in the sell zone. If this trend continues, the price might reache levels of 79.64, while as a pivot point might be considered 84.34, from where the price might go to 87.82 levels. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:WTIShort
by legacyFXofficial
WTI Oil Bounces Cleanly Off Key Support – Uptrend in the Making⚪ WTI has firmly established an uptrend, with a breakthrough above the first supply zone while consistently respecting the uptrend trendline. ⚪ Notably, a recent rejection of the second supply zone took place. The positive aspect, though, is that after the breakout we witnessed a precise bounce off the 78.6% Fibonacci retracement support, indicating the uptrend's continuation. ⚪ This suggests that WTI might be on the brink of a substantial upward move. As a result, heading towards one of two Fibonacci resistance levels situated at $102 and $115. As always, we are sharing our trade setup in the channel!
FX:USOILSPOTLong
by CryptoPAMM
WTI Oil H4 | Potential bullish bounceWTI oil (USOUSD) is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 88.108 Why we like it: There is an overlap support level that aligns with the 23.6% Fibonacci retracement level Stop Loss: 86.519 Why we like it: There is an overlap support that aligns with the 50.0% Fibonacci retracement level Take Profit: 91.890 Why we like it: There is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
TradePlus-Fx|BRENT: now on sell💬 Description: Oil remains one of the most interesting instruments at the moment, which is due to the aggravated geopolitical background. Metals are the same story. In our previous trading idea for oil, we assumed entering a long position with the goal of reaching level 91 . This happened, but the main idea and the more promising one - sell. At the moment, a good context has been formed to enter the short, as we need. One can consider a dynamic set of positions, since a false breakout upward cannot be ruled out, after which the price will fall even more rapidly. The target of the trade is located at the gap formation level, that is, at level 85 . 🔔 FX CALENDAR TODAY 🔔 🇪🇺Trade Balance 🇺🇸NY Empire State Manufacturing Index 🇺🇸Federal Budget Balance ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
TVC:UKOILShort
by TradePlus-Fx
13
WTI OIL Huge Cup and Handle?WTI Oil (USOIL) hit and broke last week the 93.75 Resistance (which was the October 10 & November 07 2022 Highs) but failed to stay above it and got aggressively rejected back below it. This emphatic rejection indicates that as long as the price doesn't close a 1W candle above the Resistance, the short-term trend has more probabilities of being bearish. ** Cup and Handle ** We often like to view our financial assets on a more long-term scale using larger time-frames. We can claim that the recent Channel Up since June has completed a Cup formation. What technically follows within this pattern is the formation of the Handle. If Oil is indeed trading on the Cup and Handle (C&H) pattern, then once the bottom of the Channel Up breaks (assuming we keep closing below the 93.75 level), it can start the formation of the Handle part. ** The importance of the MA levels ** This 1W chart shows also the important that the 1W MA50 (blue trend-line), 1W MA100 (green trend-line) and 1W MA200 (orange trend-line) have been having in the past year or so. They act as Supports until broken and move to the next one and similarly as Resistances. As you can see the current bull run since June started after the 1W MA200 held repeatedly (closed above it 7 candles despite hitting and breaking it), then broke above the 1W MA50 that was holding since August 2022 and 1W MA100 that was holding since November 2022. ** So what's the target? Fibs in play? ** So as long as the conditions mentioned above are met and Oil starts forming the Handle, you can use the 1W MA100 (closing below it) as the break-out sell signal and target the 1W MA50 at $80.00. This is marginally above the 0.5 Fibonacci retracement level, which has its own fair share of importance. Notice that the 1W RSI is just below the 70.00 overbought barrier. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
6
WTI CRUDE OIL Sharp correction to the MA50 (1d).WTI Crude Oil got rejected a little after crossing over Resistance (1) that was the double top of Nov 7th and Oct 10th 2022. The trend remains bullish but that calls for a standard correction to the Rising Support and the MA50 (1d). Trading Plan: 1. Sell on the current market price. Targets: 1. 86.00 (MA50 (1d) and Rising Support). Tips: 1. The RSI (1d) is on a Falling Resistance while the price trading under a Rising Resistance, flashing a big bearish divergence. This can be the signal that breaks the Falling Support to the downside. Please like, follow and comment!!
TVC:USOILShort
by TradingBrokersView
5