WTI M15 / Retracement from the FVG H1 / Long Entry ✅Hello Traders!
This is My idea related to WTI M15. I see a retracement from the FVG H1. I see this as a good opportunity to execute a long entry. My target is OB at the price of 76.300.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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Wtilong
WTI H1 / POTENTIAL LONG ENTRY / OIL IS GOING BULLISH 🛢Hello Traders!
This is my forecast for WTI H1. I see another retracement from the bullish channel, considering this an opportunity to execute a long entry until the resistance level and above the Previous Day's High.
If confirmed, I will execute a long entry.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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WTI, ICT Long SetupWTI retested on the FVG or Demand zone between 70.55 to 71.16,
ICT requirements filled, LG and ChoCh, today retesting on the demand zone.
This structure happened inside the 8H ICT Long setup performed and about its FVG.
It is a multiple timeframes and top-down ICT Long setup together. Looking forward to have some news event for Boosting up to next Key resistance levels ahead.
Good luck!
WTI H4 / A KEY LEVEL FOR OIL 🛢📊Hello Traders!
This is my perspective on WTI H4. OIL is currently at a key level, and I'm waiting for a confirmation. At the moment, OIL is in a bearish channel pattern and has now reached the resistance level. I anticipate a move until the OB from the price of 78.200. Additionally, there is a significant possibility of a strong bearish move down to the price of 65.000. If there is confirmation of a retracement from the resistance level, I will execute a short trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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WTI → Prices dip ahead of OPEC+ delayed meetingBLACKBULL:WTI is set to consolidate at around the $75.00-$80.00 range, after failing to decisively break the November 22 swing low of $73.85, which could have exacerbated a drop to $70.00 per barrel. That said, WTI’s success in registering a daily close above $75.00 could open the door to test the first resistance at the 20-day moving average (DMA) at $77.62 before buyers could lift prices to the 200-DMA $78.06. Further upside is expected once the latter is breached.
Crude oil fluctuates today
The Palestinian-Israeli conflict has killed more than 1,600 people! Crude oil rose more than 4% and may continue to rise in the future.
After the Palestinian-Israeli conflict, it was in a range, with the lowest of 84.6 and the highest of 87.2 that day. The daily line closed at 86.3. From the daily line, oil prices will continue to rise. The top continues to pay attention to the breakthrough of 87. On the four-hour line, the Bollinger Track is parallel. , showing a volatile upward trend, the hourly line, the Bollinger Band narrowed in parallel, and oil prices will remain range-bound in the short term. In summary, intraday operations are dominated by shocks, let’s first look at the 84-88 range.
WTI trade analysis
Over the past weekend, conflicts in the Middle East shook the market, and oil prices jumped on Monday (October 9). News from Israel has been dominating Asian markets, with the usual safe havens finding bids. Oil prices led the gains, with Brent and U.S. crude rising as much as 5%, at a time when oil prices retreated slightly.
It is recommended that crude oil rebounds from 86.2-86.7 and shorts in batches, with a stop loss of 87.3 and a target of 84.7-83.0; hold if the position is broken;
It is recommended to go long in batches when crude oil hits 83.5-83.0 for the first time, with a stop loss of 82.5 and a bullish target of 84.2-84.8;
WTI 's rally could just be getting startedThe more we look at market positioning on WTI, the more we suspect that oil may be dominating headlines as we head into 2024.
In recent weeks we can see that large speculators and asset managers have been increasing long exposure and reducing shorts, which is the ideal scenario for a bullish trend. Yet net-long exposure for both sets of traders remains low by historical standards, and therefore shows no immediate threat of the move higher being extended. If anything, it could look underbought considering OPEC's desire to support prices.
And when you consider oil is rising despite the stronger US dollar, you get to appreciate how strong the rally could get if the dollar's rally were to falter. Either way, with a rising US dollar and oil prices, 2024 could get messy and perhaps risk assets will get their reckoning once more.
WTI Upside target 91.5
Crude oil continues to rise in the direction of the trend. Any intraday adjustment before reaching the new target of 91.50 is an opportunity to continue to be bullish in the short term. Of course, since the overall increase has been huge enough, the current space above is limited. Another one is in this round. It is the end of the rise, so it is not advisable to be overly bullish.
The operation suggestion is to wait for 89.50 to buy first line, stop loss at 89, and target 90.80~91.50. If it rises directly to 91.50, we will look at the pressure signals and decide whether to buy the top.
WTI Target breaks through 90
The overall trend of crude oil rose and fell back yesterday. After a slight rise, the bulls were unable to come out of the decline, but the bullish direction remained unchanged. After all, the bullish form on the daily line was good, and the moving averages were also arranged by bulls. If there is an unexpected second bottom, the bullish trend can continue. . Therefore, it is recommended to be directly bullish on 88.7, add positions to 88.3, lose 87.8, and look at 90-91. As long as the daily MA10 position does not break, the bullish idea remains unchanged. If it breaks below, it will face adjustments. We can then watch for a pullback. It may be a slow rising trend during the day!
WTI target 90-95
After a high level of crude oil, the crude oil has fallen into a high shock situation. At present, the suppression of the 87.5550 front line has been tested three times. After the end of the end of the week was unsuccessful, it fell again. The current price is near 86.30. In the case of significant suppression of high points, the long -headed rise encountered resistance, and the back -to -step can not be strongly supported below 85.550. After there is a chase in front of the front, the upper cannot be broken, and the support cannot be broken. To enter the repeated rhythm of the interval, the short -term steps around this interval to step back and more participation. For four hours of reference, it cannot be found that the current long -headed operation is still intact. There is no excessive step back, and the back step has not fallen below the previous low. We insist on unchanged ideas, and at the same time, crude oil will come to 90.00 again, or even near 95.00. Therefore, we are still involved in the low -mindedness of our consistent persistence, and we will focus on stepping on the 85.550 support opportunities to involve the multiple orders during the day.
WTI trade ideas
Crude oil continued to be bullish last week, in line with the expectation that crude oil will enter a new main rise. At present, oil prices have broken through the previous high point, which once again shows that the current upward trend is not over yet. Therefore, it is useless to say more about the direction of the trend, and continue to be bullish and long.
Crude oil trend analysis
Crude oil showed a bottom-out trend on Wednesday. The low point stabilized and rose at the 81.0 level, and the highest point put pressure on $81.8. The daily trend chart of crude oil shows that the big positive line has risen again, breaking through the previous day's cross star high, and the bulls have been extended; from the short-term trend, the Bollinger Bands opened downward, and after the oil price touched the 77.5 level for the second time, Oil prices are operating in an upward trend. After the oil price above encountered resistance and retreated at the 84.7 line, the oil price faced adjustment, with the neckline at 81.7-82.0 US dollars. After further breakthrough, crude oil bulls will test the previous high. In the upward trend of crude oil shocks, 80.3 is the watershed between long and short trends. The upper part focuses on the resistance of 82.0-83.0 US dollars, and the lower part focuses on the support of 80.3-81.
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🚨 WTI HIGH PROBABILITY BUY SETUP 🚨🚨 WTI HIGH PROBABILITY BUY SETUP 🚨
* Here we can see clearly the next potential move for West Texas Oil in coming trading week.
* It's going to be worth keeping a close eye on this trade, as WTI can generate tremendous profits if it is right trade.
* EP(BUY): 69.701
* TP: 70.747
* TP1: 71.550
* TP2: 72.153
* SL: 68.547
* Keep your eye close on your trading positions.
* Happy pip hunting traders.
* FXKILLA *
Trading the range on WTI (CL1!)Oil prices are trading quite erratically on the daily chart, making it a much less appealing market to trade on that timeframe. But that doesn't mean we cannot find potential inflection points at the intraday level.
Monday's opening gap has been filled, and earlier losses on Tuesday were fully recouped to print a bullish pinbar on the daily chart which found support just above $70. We're not looking for a huge move, but we see the potential for prices to have another crack at the $73, and the 3-wave retracement towards $71 looks appealing for a swing trade long. Take note of the HVN (high volume node) around $72.64 which could act as a magnet should momentum eventually turn higher.
We're not sure the actual swing low is in yet, so we're looking for higher volumes accompanied by one or more bullish reversal candles on the hourly timeframe or lower, to hint at a swing low. And if it can form above or around the $71 support zone it could provide an adequate reward to risk ratio for a cheeky long.
USOIL top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The morale of crude Oil bulls is strong, breakthrough!Fundamentals:
On Tuesday (March 7), international oil prices tended to fluctuate.Previously, the UAE's withdrawal from the Organization of Petroleum Exporting Countries was proved to be untrue, and there was a need for technical correction after the surge in oil prices.And cautious investors are waiting for Fed Chairman Powell's upcoming testimony later this week.However, signs of China's economic rebound have prompted Saudi Arabia to continue to increase its prices in Asia, bringing support to the oil market.
Technical aspects:
At the daily level, after oil prices have risen for five consecutive trading days, oil prices have initially stood above the 80 integer mark. The daily line has gotten rid of the downward trend channel, and the opening of the technical indicator Bollinger band continues upward. MACD golden fork, KD stochastic indicator golden fork, technical bullish signal continues, if it can withstand the short-term pullback pressure, it is expected to continue to oscillate higher, the initial resistance is near the Bollinger band rail 82; further strong resistance is near 83, which is where the top of the box that has oscillated extensively since the end of November is located. If it breaks further, it will increase the medium- and long-term bullish signal.
At the 4-hour level, oil prices as a whole are still in the channel of rebounding upward trend, but they are still suppressed by the short-term moving average, and the KD stochastic indicator sends a short-term overbought signal. It is still necessary to beware of the risk of short-term oil prices falling back.However, the short-term volatility here is still within the normal range, which is a technical repair to the short-term rally, and the 79 position of the 20-day moving average below has been transformed into a preliminary support position. If this position is lost, it can be judged to weaken the bullish signal in the future.
Taken together, today's short-term crude oil operation ideas are mainly based on stepping back and lower, supplemented by rebounding high altitude, which can be done at the 79 position and the target position is 80.5
USOIL: Long position at 79.5
Over the past two weeks, international oil prices have continued to fluctuate upwards, despite the negative signals from changes in US crude oil inventories and little impact on Russian crude oil exports from sanctions. However, these pressures have been unable to overshadow the positive impact of China's economic recovery and resilient risk appetite on oil prices.
The supply gap caused by Russian sanctions on crude oil has been a concern for investors and an important factor supporting oil prices. According to recent media reports, the CEO of crude oil trader Gunvor Group has stated that price ceilings and export bans have not interrupted Russian crude oil exports, and there is an "uncontrolled fleet" shipping Russian crude oil outside the control of Europe and the United States.
Contrary to the negative factors mentioned above, China's economic recovery is one of the important positive factors for international oil prices. Apart from immediate indicators such as the recovery of transportation observed by the market after the relaxation of epidemic prevention measures, some recognized economic data have confirmed the strong rebound of China's economy, such as the official PMI and Caixin PMI last week. Goldman Sachs previously predicted that as China's economy recovers, oil prices may return to $100 per barrel.
China's latest trade data released today showed a trade surplus of $116.88 billion for January-February, down 6.8% year-on-year, better than the expected decline of 9.4%; imports fell by 10.2% year-on-year, worse than the expected decline of 5.5%. From the sub-item data, China's crude oil imports in January-February fell by 1.25% year-on-year (about 1.07 million tons), but imports of refined oil increased by 14.4% year-on-year (about 0.67 million tons). The recent strong risk appetite has also provided support for the rise of international oil prices.
The daily chart shows that crude oil has broken through the downtrend line starting from January 27th, and after yesterday's fluctuations, it has broken through the 80 level, which may open up space for further upward movement. Although there may be adjustments during the day, if it can hold the support near the 80 level, it will maintain the prospect of further bullishness. If expectations are met, subsequent upward movements will target the recent months' high of 83 and the downward pressure line since July last year of 84.
Personal trading recommendation: Enter a long position near $79.5, with the first target at $81.5 and the second target at $82.5. Whether crude oil can effectively stand above $80 in the near future is crucial. If there are any changes in the market situation, I will update it in a timely manner. Please continue to follow my strategy and leave me a message if you have any questions. I hope this can help everyone.
WTI BULLISH OUTLOOKUS YoY CPI came above expectations yesterday, which led to expectations of further push of the prices. Although US Oil cushion reserve came above expectations, OPEC reported declined production of the month of January, and the expectations are for further increase of global demand for the crude oil.
On the 1H graph the price had broke the resistance of the Flag pattern, suggesting a start of a bullish movement, where, if continues, the price might test levels of 79.63
In the opposite scenario the price might fall to levels of 79.03
Both MACD and RSI indicators are confirming the bullish scenario.
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Oil's long term re-test before upcoming rally? 13.2.2023Simple 1+1 equals 2.
There's a couple factors here.
1) Long-term support since March 2023 kept with multiple re-tests.
2) Long-term 8 month wedge consolidation with recent Jan 2023 breakout up together with RETEST of that breakout at 74.80-75.20 as of today.
If the week closes above this support, VERY high chance for continuation of breakout up and 80's-90's even 100 to be reached within coming weeks.
If the support of 74.80-75.20 breaks down, retest of long-term March 2021 to today support trend-line is possible at 71.40-60.
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Thank you for reading and would very much appreciate your comments and questions!
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USOIL WEEKLY TRADEHello
Last week's price broke the level of consolidation at 81.44, so let's see if 77.76 will hold or if it will drop to 71.
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