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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 :-)
FX:USOILLong
by ShahedZare
WTI Crude oil - front expiration Technical Analysis: Today, the WTI Crude Oil futures experienced a negative extension in their price, and they reached an important support level around $75. On an hourly basis, it seems like wave 3 may have exhausted. This suggests a potential change in the price direction. Scenarios: 1. Scenario 1 - Positive Rebound. It's realistic to expect a rebound in the price to around $80. This means the price may go up from the current level. Strategy for Scenario 1: - Set the position's Delta to positive, following your investment criteria. - First target: $77.50 - Strategy on reaching target 1: Set the position's Delta to zero - Second target: $79 - Strategy on reaching target 2: Set the position's Delta to zero 2. Scenario 2 - Negative Acceleration. If the price breaks down below today's low of $74.91, we could see a further decline to around $73.90. This would indicate a negative acceleration in price. Strategy for Scenario 2: - Set the position's Delta to negative, following your investment criteria. - First target: $73.90 - Strategy on reaching target 1: Set the position's Delta to zero - Second target: $72.50 - Strategy on reaching target 2: Set the position's Delta to zero Summary: The technical analysis suggests a potential short term technical change in the price direction. We consider a positive rebound strategy if the price hold level $75. I the price drops below $74.91 experiencing a negative extension, we will consider a short strategy. Make sure to follow your investment and adjust your position's Delta accordingly to manage your risk. Investment criteria we highly recommend: CONSERVATIVE strategy: max position's Delta value (+/-) 0.20 MODERATE strategy: max position's Delta value (+/-) 0.30 AGGRESSIVE strategy: max position's Delta value (+/-) 0.40 Please note that investing in derivatives involves hight risks. We strongly advise against invest in future or options naked (not hedged), and to carefully follow your investment strategy criteria and risk management. Delta Zero Technical Analysis team
NYMEX:CL1!Long
by DeltaZeroFinance
1
Crude Oil to $160?😳 (Stop Harbouring Iranian Petroleum Bill)The U.S. House of Representatives has passed a bill called ‘Stop Harbouring Iranian Petroleum’. The purpose of the bill is to do all the following listed above🔺 But in more simple terms, the plan of the U.S. government is to pull Iran into the war & shift blame onto them, for the genocide currently going on in the Middle East. They’ll say Iran is funding the war & the only way to stop that is by blocking & putting a price cap on Iranian Oil. They do this knowing Iran will likely block off the ‘Strait of Hormuz’ as a retaliation. What happens now? Saudi countries can no longer use the Strait of Hormuz to export their Oil, which’ll create supply shortage for Western nations. This’ll lead to Crude Oil prices shooting higher & forcing more people towards electric vehicles & products📈
TVC:USOILLong
by BA_Investments
2
WTI H4 | Rising into resistanceWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.252 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 78.600 which is a level that sits above a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Take profit is at 74.121 which is n overlap support. 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. 67% 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. 72% 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.
FX:USOILShort
by FXCM
WTI H4 | Potential bearish breakoutWTI oil (USOUSD) is falling towards a pullback support and could potentially break below this level to drop lower towards our take profit target. Entry: 75.870 Why we like it: There is a potential breakout level Stop Loss: 78.437 Why we like it: There is a pullback resistance that sits above the 23.6% Fibonacci retracement level Take Profit: 72.714 Why we like it: There is an overlap support 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:USOUSDShort
by VantageMarkets
Oil says nothing flattering about the global economyWest Texas Intermediate crude oil hit our price target of $80 and continues to slide lower. At the moment, it trades slightly above $76, which marks a decline of nearly 20% from the highs in late September 2023. Today, we want to talk concisely about two things. First, China’s demand for oil began to slow down again after slightly picking up during the summer, which is reflected in the latest data revealing the rising level of the country’s stockpiles (do not forget, China also experienced a significant drop YoY in exports for October 2023). Second, Saudi Aramco posted 23% lower net income in the third quarter of 2023 versus the same time in 2022. All in all, we presume that does not tell anything flattering about the global economy. Technical analysis Daily time frame = Bearish Weekly time frame = Bearish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
8
BluetonaFX - USOIL Approaching 3 Month LowHi Traders! USOIL is slowly pulling back to its three-month low at 77.68.   Price Action 📊 The market's price action is currently bearish due to a few signs. The market recently had a trendline support momentum break after a very strong uptrend period, which has led to lower highs and lower lows. Finally, the market broke under the 20 EMA and has failed to go back above it for over a week. These signs are pointing to a possible market reversal of the bullish period the market had in August. We are now looking for a continuation down to target the three-month low at 77.68, which is where the bullish period started. Fundamental Analysis 📰 Oil prices have started to dip even after raising tensions in the Middle East, as investors closely monitored the U.S. Federal Reserve’s monetary policy meeting and in anticipation of the US Non-Farm payrolls due out at the end of the trading week this coming Friday. Support 📉 80.35: WEEKLY LOW 77.68: THREE MONTH LOW Resistance 📈 84.67: 20 EMA 85.19: WEEKLY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:USOILShort
by BluetonaFX
5
WTI CRUDE OIL: Very dangerous 1W MACD Bearish Cross formed.WTI Crude Oil materialized our 78.50 short term target (chart at the bottom) and crossed under the 1D MA200. This is a breach of potentially serious consequences as it also breached the 1W MA50, so we need to monitor the closing on a weekly scale. If it closes under it, the bearish trend is very likely to be extended. The formarion of a MACD Bearish Cross on the 1W timeframe can be very dangerous as the last one that happaned while the price breached the 1W MA50 was on June 13th 2022, the market High after the Russia invasion peak. If the market does close the week under the 1W MA50, we expect a rebound on the Channel Down bottom near 76.00 and if the candles close under the 1W MA50, fresh short targeting the 1W MA200 (TP = 71.00). See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOIL
by InvestingScope
Oil - Bulls Will Be Totally AnnihilatedIn early September, we made what turned out to be a pretty accurate call on crude, predicting that $95~ was the target. CL WTI Crude Oil - Getting In Sync With The Market Makers In July, after analysis, I predicted that the target for crude in the intermediate term is actually a 3-or-4 handle, based on reading the tea leaves of yearly bars. Oil - A New Long Leg Down Soon Begins There's all sorts of fundamental reasons, one will say, that mean there's NO WAY oil should go down, so much! It should go up, because reasons! And I think that is true. I think we're going to see $150 or $200 crude in a future that isn't very far away. But before that happens, since oil has failed to continue upward momentum, the entire previous range from the Russia-Ukraine War has been traded, and the year has mostly been flat-red, it seems to me pretty obvious that the MMs are going to be MMs and go dumpster some long-term longs. Which means we have a target of $56 before the end of 2024, based on monthly candles: It's only that I think $56 won't be "the bottom," they'll drive it lowerer for longerer and make energy bulls and equities bears hate their life, before the real fun starts, because that's how big accumulation happens. Super high prices is almost always preceded by super deep selling. Producers get net short. Before they get net short, it takes some time to get net long, and even though you may not see that in Commitment of Traders, the big oil companies have entire floors of their headquarter buildings devoted to trading, a lot like a bank. The Black Swan of Black Swans, though, that can spoil everyone's fun plans, is the Chinese Communist Party and Xi Jinping's tenuous grip on power and reality. I've said in virtually every post that the CCP is going to fall in our lifetimes. It can fall in one of two ways: 1. Xi Jinping goes Gorbachev and throws the evil Party away, saving China and himself 2. Xi Jinping is strung up as the head of the evil Party, goes down to Hell with the CCP, and something else replaces it What's at stake for Xi is not only the CCP's boundless crimes against humanity and the ruination of China's 5,000 year Heavenly Dynasties, but the eternal sin of the 24-year organ harvesting and genocide against Falun Dafa's 100 million students. Although that persecution was started in 1999 by former Chairman Jiang Zemin, who died, because Xi is the leader of the CCP, he'll inherit the crime and face the same Sepulcher, unless he can throw the regime away like the man he ought to be. When the CCP finally falls, whether it's because Wuhan Pneumonia dropped more than former Premier Li Keqiang, or because Xi dumpsters the Jiang Faction and the International Q Cult that's made itself a particle of the Red Dragon, everything is going to be bigly gap down on a Monday morning. Stuff like the price of oil may seriously moon, however, because the world society's electricity, heat, and transportation relies entirely on fossil fuels. And so all dumps on commodities may sharply truncate and reverse seemingly without cause, all equities rallies may sharply truncate and reverse seemingly without cause, and so the risk is enormous. Trading in these markets in the next 6 months is going to be like playing with fire or gambling your fingers near a really sharp knife. Never forget this point: a knife just cuts. A knife doesn't care who or what it cuts. It just cuts. If you don't want to lose your fingers and your hands, don't put your fingers and your hands under a knife. Once they're gone, there are no miracles to bring them back. The way it's looked at up high is that, in reality, you made the choice to put your hands under the knife, and so when it cuts what should be cut, it cut what should be cut, and that's your own problem caused by your own pursuits. Be careful.
NYMEX:CL1!Short
by LordWrymouth
1
Oil is likely headed to $70 per barrel in 2024For the past four trading sessions, West Texas Intermediate crude oil oscillated between $83 and $85 per barrel. At the moment, it trades near the lower end of this range, and technical indicators on the daily chart continue to grow bearish; the same applies to technicals on the weekly graph. As a result, the likelihood of oil slumping below $80 in the short/medium term increases. This view is also supported by the weakening global economy and the latest data (preliminary) from Saudi Arabia (the world’s second-largest oil producer), which revealed the country’s economy shrank by 4.5% YoY in the third quarter of 2023 (the oil activities declined by 17.3%, while non-oil and government activities rose 3.6% and 1.9% respectively). Unless there is any significant disruption to the supply in the Middle East amid the Israel-Hamas War, we believe the crude oil is headed lower. With that said, we want to set our price target to $80 per barrel in the short/medium term and next year’s price target to $70 per barrel. Illustration 1.01 Illustration 1.01 displays the daily chart of USOIL. The yellow arrow indicates a bearish crossover, confirming the trend reversal. Technical analysis Daily time frame = Bearish Weekly time frame = Slightly bearish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
4
WTI POSSIBLE RALLYOil prices rebounded after experiencing losses last week, primarily due to expectations of a tight supply situation for the rest of the year. This rebound was driven by key factors, including the commitment of major oil producers Saudi Arabia and Russia to maintaining production cuts until the end of the year. The decrease in the U.S. oil rig count also played a role, as it indicated a lack of response from U.S. producers to the current price environment, giving confidence to Saudi Arabia to continue withholding supply from the market. Additionally, concerns about potential supply disruptions in the Middle East related to the Israel-Hamas conflict subsided, contributing to the market's rebound. The oil market is now closely focused on economic data from China, particularly trade and inflation figures, to gauge commodity demand in the country. While China's oil imports and fuel demand have remained robust, rising stockpiles could lead to a drop in oil imports in the coming months, especially if economic conditions deteriorate. Meanwhile, the overall health of the U.S. economy, another major consumer of oil, remains a factor influencing oil demand, with expectations of weakening demand during the winter season. Additionally, a weaker U.S. dollar is currently providing some support to oil prices, but it may also reflect concerns about a cooling U.S. economy, which could impact oil consumption. If the trend continues the price might reach levels of 90.51, in the opposite scenario the price might drop to 80.49. 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:WTILong
by legacyFXofficial
USOUSD H4 | Heading into resistanceWTI oil (USOUSD) could rise towards an overlap resistance and could potentially reverse to drop lower towards our take profit target. Entry: 84.135 Why we like it: There is an overlap resistance level Stop Loss: 86.849 Why we like it: There is an overlap resistance that aligns with the 61.8% Fibonacci retracement level Take Profit: 81.169 Why we like it: There is a pullback support 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:USOUSDShort
by VantageMarkets
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 :-)
FX:USOILLong
by ShahedZare
1
USOIL to find sellers close to market levels?WTI - Intraday The AB=CD formation target is located at 70.19. Reverse trend line resistance comes in at 83.91. Bespoke resistance is located at 84.06. Preferred trade is to sell into rallies. The medium term bias remains bearish. We look to Sell at 84.00 (stop at 85.50) Our profit targets will be 80.20 and 79.60 Resistance: 83.91 / 84.06 / 89.83 Support: 80.19 / 77.64 / 70.19 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:WTICOUSDShort
by OANDA
WTI CRUDE OIL Expecting a rebound on the MA200 (1d).WTI Crude Oil has been declining rather sharply since September 28th and today's green (1d) candle should give way to a new low tomorrow. Based on the (1d) RSI sequence, this fall resembles the fractals of November 2022 and April-May 2023. Both rebounded to the 0.5 Fibonacci level after pricing their respective bottoms. Trading Plan: 1. Sell on the current market price. 2. Buy at 78.15 (MA200 1d and a little over Support 1). Targets: 1. 78.15 (MA200 1d and a little over Support 1). 2. 86.30 (Fibonacci 0.5 level). Tips: 1. Both sequences traded sideways after bottoming for around 2 months. This will be an excellent scalping opportunity. Take advantage of it. Please like, follow and comment!! Notes: Past trading plan:
TVC:USOIL
by TradingBrokersView
1
🛢️ Crude Oil Hits $93 - 💰 Why 88$ is ok for Saudi Arabia 🌴Hey Traders, Professor here! 🤟 You might recall my bullish call on oil at $70, based on fundamentals and geopolitical moves. Fast forward, and here we are at $93 a barrel. But is this the ceiling, or is there more room to grow? Let's dissect. 🛢️🔍 The Resistance at $93: More Than Just a Number 🛑 Oil has rocketed to $93, and I'm seeing this as a strong resistance point. It's not just a psychological barrier; it's also a key level when you look at Fibonacci retracements and historical price action. Could this be the turning point for a retracement? 🤔 My Oil Long at $70 Post : Inflation's Role: The Double-Edged Sword 📈 While rising oil prices have been great for traders and certain economies, they also fuel inflation. And let's be clear: Inflation is a beast that the U.S. and Europe can't afford to ignore. High oil prices are now a geopolitical concern, and there will be pressure to tame them, especially as they contribute to rising inflation. 🌍 Inflation and Oil post Post Saudi Arabia's Profit Game: Low Costs, High Margins 😁 Here's where it gets interesting. Saudi Arabia and Kuwait enjoy production costs as low as $5.40 per barrel. Even at the higher end, it's just around $10. So, whether oil is at $88 or $93, they're raking in massive profits. This low-cost advantage gives them a competitive edge, especially when other countries are grappling with significantly higher production costs. 🇸🇦💰 The High Dollar's Role 🇺🇸 The dollar has been on a tear lately, and it's worth noting its impact on oil prices. A strong dollar usually puts downward pressure on commodities priced in USD, like oil. This could be another factor contributing to potential resistance at $93. The US Dollar & The Wolverine: What's Next? The Road Ahead 🤷‍♂️ Keep a close eye on potential retracement levels. Fibonacci and moving averages could be your guide here. 88$ to 93$ range is what i would most likely expect📉 Geopolitical events are always wild cards. Any tensions or agreements could send oil prices soaring or plummeting. 🌍 Don't lose sight of Bitcoin. It remains my go-to asset for hedging against inflation and market volatility. 🚀 Trade wisely, folks. My charts are always here if you need a second opinion. 📊 (ps if the price breaks over 95$ we might need to run for the great reset hills!) One Love, The FXPROFESSOR 💙
TVC:USOILShort
by FX_Professor
13