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Crude Oil Future CFD (USD)

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USOIL Expected Growth! BUY! My dear friends, Please, find my technical outlook for USOIL below: The instrument tests an important psychological level 69.29 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 - 70.28 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
2
WTI - How will oil react to the elections?!Oil is located between EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. If the descending channel is preserved and its ceiling is not broken, we can witness the continuation of the oil decline up to the midline of the descending channel. Breaking the ceiling of the channel and the resistance range will provide the way for oil to rise to $75. A member of Trump’s campaign stated that victory in Michigan and Pennsylvania is nearly certain. Meanwhile, Fox News has predicted that Trump will win the U.S. presidential election. According to information from three informed sources, the United States and Saudi Arabia are in talks for a security agreement that would be independent of any broader agreement with Israel. This agreement is not aimed at achieving a comprehensive defense pact; however, Crown Prince Mohammed bin Salman and the White House wish to reach a security deal before President Biden’s term ends in January. Prior to Hamas’s attacks on Israel on October 7, the Biden administration was in discussions with Saudi Arabia and Israel for a broader agreement that included normalization between Saudi Arabia and Israel. This agreement would have involved a U.S.-Saudi defense pact and civilian nuclear cooperation, which the White House believed had a higher chance of Senate approval. However, the outbreak of conflict in Gaza and Lebanon and Saudi Arabia’s demand for the establishment of an independent Palestinian state delayed these negotiations. Meanwhile, Saudi Arabia’s national security advisor, Musaad bin Mohammed Al Aiban, traveled to Washington last week and met with U.S. national security advisor Jake Sullivan and other officials, including Secretary of State Antony Blinken. Their discussions focused on U.S.-Saudi bilateral relations and a series of security, technological, and economic agreements they aim to sign before Biden’s term ends. This security agreement was separate from efforts for a broader deal that included normalization between Saudi Arabia and Israel. The initial plan is to draft an agreement similar to what the Biden administration has signed with other Gulf countries in recent years. For instance, in March 2022, Qatar was recognized as a major non-NATO ally, and in September 2023, the U.S. and Bahrain signed a comprehensive security agreement. Over the past four years, the Biden administration has sought to curb the growing influence of China and Russia in the Gulf region. U.S. officials have indicated that several countries previously leaning towards China and interested in purchasing strategic systems from Russia have now moved closer to the U.S. The OPEC Secretary-General has stated that the global economy is in good condition and estimates global economic growth at 2.9%. OPEC holds an optimistic view of oil demand in both the short and long term. Although there are challenges, the overall picture is not as negative as some suggest. The OPEC Secretary-General believes that peak oil demand will not occur and that the global economy continues to grow.
TVC:USOILShort
by Ali_PSND
Another chance to buy $USOIL near the bottom of the rangeOn September 9th with oil dropping down to $68 from $84 back in July I pointed out that there was support down in that zone from what I call the "SPR REFILL LEVEL". A month later in early October the price of crude oil had rebounded to $76-$78 and the highest daily low reached $74.51 and the highest high was $78.43. Pretty volatile price action in one of the worlds top commodities that impacts global GDP substantially. By late October, oil had fallen once again back to the "SPR REFILL LEVEL" at the $67 level and once again has been rebounding since and today sits at $71.40 here. The BIGGEST point to remember is that the current political environment has had a massive impact on the price of oil as you can see from the red triangle in the top-left of the chart where back a year ago the strategic petroleum reserve was raided and liquidated significantly into the open market and drove the price of oil down. The market rebounded from the initial waves are revisited that important liquidation level turned prices away this April at $86-$87, right to the DAY's price level from the SPR liquidation level. The market has memory, but we need to mark this info on our charts so we remember too. Clearly you can see this powerful impact on the market and with patience and risk management, you can take advantage of setups like these to make profits or avoid losses. With the Presidential Election ongoing and tomorrow being the last day to vote, the market will begin to discount if Trump with will and encourage new supply of oil to help drive down the price further or will the shorts in oil turn and cover because the market doesn't break down fast enough? There are always risks in trading and hopefully by pointing out the "KEY NEWS LEVELS" we can avoid getting blind-sided by our emotions of fear and greed. There is a weekly uptrend in place from the low in September and if prices hold above $70, I expect continuation to the upside over the next 7 weeks. If prices fall and hold under $70, I will stand aside and look to buy lower in the SPR refill level range near $65-$64 (vs $71.53 last). I'll be in the Key Hidden Levels chat room discussing these charts and more every day. Cheers, Tim 3:21PM EST 11/4/2024
FX:USOILLong
by timwest
1
USOIL: Key Levels to Watch Amid CPI-Driven VolatilityUSOIL Analysis Today, WTI Crude Oil is positioned for potential volatility with the upcoming CPI release, expected at 2.6%. This inflation data could significantly influence market direction. Key Levels: Pivot Line: 68.53 Resistance Levels: 70.49, 71.78, 72.74 Support Levels: 67.03, 65.85, 63.51 Scenarios: Bullish Scenario: A break and close above the pivot line at 68.53 could drive prices toward 70.49 and potentially higher levels at 71.78. Sustained trading above these levels may further confirm the bullish trend. Bearish Scenario: If the price fails to hold above 68.53 and breaks below 67.03, it could lead to a bearish move toward 65.85 and eventually 63.51, aligning with a potential market reaction to higher-than-expected CPI data. Today's CPI release is anticipated to cause notable volatility, so monitor these levels closely for potential breakouts in either direction.
TVC:USOILShort
by SroshMayi
EDUCATION: Simplified Candlestick Psychology (Part 1)As traders, understanding candlestick patterns is fundamental to decoding market behavior. But beyond the pattern itself, there’s a deeper story being told with every candle. Just like words form a story in a book, the Open, High, Low, and Close (OHLC) of a candlestick reveals the psychological battle between buyers and sellers at a given moment in time. In this video, we’re going to break down how to read candles like a book and uncover the psychology behind each price action move. The Anatomy of a Candlestick Before we dive into the psychology of candles, let's refresh on the basic anatomy of a candlestick: Open (O): The opening price of the candle, where the price starts within the time period. High (H): The highest price reached during the candle’s time frame. Low (L): The lowest price reached during the candle’s time frame. Close (C): The final price when the candle closes at the end of its time frame. Each candlestick provides valuable information about the price action during that specific time period. But what’s even more important is the psychological narrative it tells. The Psychology Behind the OHLC Understanding the psychology behind the Open, High, Low, and Close will give you insight into the market’s behavior and sentiment. Here’s a breakdown of what each component reveals: The Open (O): The start of the battle. The opening price represents the market's starting point. Buyers and sellers have already made their decisions before the candle even begins, and the open shows where the price begins to unfold. If the open is near the low of the day, it indicates a bearish sentiment, while an open near the high could show bullish strength. The High (H): The peak of the conflict. The high of the candle represents the furthest point reached by either the bulls or the bears. When the price reaches a new high, it signifies that the buyers are in control and pushing the price up. Conversely, if the high is lower than the previous candle's high, it suggests that sellers are starting to assert their influence. The Low (L): The valley of indecision. The low of the candle is where the price falls before either the bulls or bears regroup. A low that is lower than the previous low indicates that the sellers are pushing the price downward. A higher low, on the other hand, suggests that the bulls are holding the line and potentially setting up for a rebound. The Close (C): The conclusion of the battle. The close is the most important price point of the candlestick, as it represents where the battle between buyers and sellers has ended. The relationship between the open and close tells you who won the fight. If the close is higher than the open, buyers have won the battle. If the close is lower than the open, sellers have gained control. Reading Candles Like a Book When you look at a candlestick, think of it like reading a short sentence in a book. Each candle tells a small part of the market’s ongoing story, and together they form the narrative of price movement. Here's how to read the story: Bullish Candles (Close > Open): When a candle closes higher than it opened, it tells the story of a market that was dominated by buyers. The longer the body, the stronger the buying pressure. A large body with a small wick suggests buyers were in full control with little resistance. Bearish Candles (Close < Open): When the candle closes lower than it opened, it represents a market where sellers took charge. A long red body with little wick indicates a strong bearish move. A bearish candle with long wicks shows that although sellers were in control, there was some pushback. Doji Candles: A doji occurs when the open and close are almost identical, signaling indecision or equilibrium between buyers and sellers. Doji candles are like a “question mark” in the story, telling us that the market is uncertain about which direction it will take next. Engulfing Candles: An engulfing pattern, whether bullish or bearish, tells the story of a shift in momentum. If a candle completely engulfs the previous candle’s body, it signifies a strong change in sentiment—either a bullish or bearish reversal. Putting it All Together: Candlestick Psychology in Action Understanding the OHLC components is the first step, but it’s how these elements come together that really gives you the full psychological picture. A candlestick is like a snapshot of a battle. The open is where it starts, the high and low represent the range of movement during the battle, and the close is where the conflict resolves. When you read candles in sequence, you begin to see the ongoing tug-of-war between buyers and sellers. The story unfolds slowly, and the more you practice, the better you become at predicting the next chapter. Let me know your thoughts below!
FX:USOILEducation
by TLTurnerTV
WTI crude oil has bearish conditions prevailingTVC:USOIL continued to decline during the Asian trading session on Monday (November 11), trading around 70.03 USD/barrel. As the storm's impact on the supply side waned, sentiment in favor of rising oil prices faded. At the same time, the US Dollar index is strong and rising, putting pressure on WTI crude oil and global demand is expected to show no signs of recovery. Under many resonances, the positive outlook for WTI crude oil is still quite dim. It is currently near the integer mark of $70. If it falls below again, a return to the previous low is likely. Essentially, continue to pay attention to changes in inventory data, as well as whether the US Dollar Index (Dxy) continues to exert strong pressure on oil prices. On the daily chart, after crude oil TVC:USOIL Under pressure from the area around 72.39USD, readers should note that in previous publications, the recovery momentum has weakened. Meanwhile, moving below the 0.236% Fibonacci retracement level and the RSI pointing down from the 50 area will be quite good signals for bearish expectations. The first target level for bearish expectations is $68.77 in the short term, ahead of $68.11 and $66.44. Currently, WTI crude oil has technical conditions that are completely inclined to the downward trend with the price channel being the long-term trend. During the day, the downtrend of WTI crude oil will be noticed again by the following technical levels. Support: 70 – 68.77 – 68.11USD Resistance: 70.56 – 72.39USD
TVC:USOILShort
by Xayah_trading
US Oil (WTI Crude) Bullish Based on 1H and 4H Divergence with St 1. Market Analysis: Asset: US Oil (WTI Crude) Timeframes: 1-hour (1H) and 4-hour (4H) Setup: Bullish divergence observed on both 1-hour and 4-hour timeframes Support Level: Price is near a strong support zone, providing a solid base for a potential bounce. 2. Divergence Details: Bullish Divergence: Both 1-hour and 4-hour charts are showing bullish divergence, indicating weakening bearish momentum as the price approaches strong support. This divergence can signal a potential reversal to the upside if confirmed by bullish price action. 3. Trade Setup: Entry Point: Enter a long position when a bullish confirmation candle forms (such as a bullish engulfing or hammer candle) on the 1-hour chart after divergence confirmation. This candle should close above the support level for a stronger entry signal. Stop-Loss: Place the stop-loss just below the strong support level to protect against further downside risk. This positioning ensures risk is limited in case the support does not hold. Take-Profit: Aim for a 1:2 or higher risk-reward ratio, targeting the next resistance levels on the chart. Consider recent highs or Fibonacci retracement levels on the 4-hour timeframe as potential take-profit areas. 4. Risk Management: Position Size: Determine position size based on risk tolerance, ensuring only a small percentage of capital is risked on this trade (e.g., 1-2%). Risk-Reward Ratio: Aiming for at least a 1:2 risk-reward ratio provides an advantageous setup, enhancing potential reward relative to risk. 5. Additional Confirmation: Volume Analysis: Look for an increase in volume on the 1-hour chart as the price bounces from support to confirm strong buying interest. Support-Resistance Alignment: Ensure the support level aligns well with recent price structure and support zones on higher timeframes to reinforce the strength of this setup. 6. Trade Execution: Place Orders: Set buy orders, stop-loss, and take-profit levels according to the criteria above. Monitor the Trade: Manage the trade by adjusting the stop-loss to break even or trailing it if the price moves strongly in your favor. 7. Review and Adjust: Post-Trade Analysis: After closing the trade, review the outcome to evaluate effectiveness and learn from the trade setup.
FX:USOILLong
by MAAwan
USOIL, dailyOil prices fell more than 2% as concerns about Hurricane Rafael’s impact on Gulf of Mexico production eased, and China’s latest economic stimulus measures failed to impress oil traders. Rafael, now a category 2 hurricane, is expected to stay centered in the Gulf, reducing risks to oil output. China’s fiscal support focused on easing local government debt rather than stimulating demand, disappointing investors amid ongoing deflationary pressures and a sixth consecutive monthly decline in China’s crude imports. Despite these losses, oil prices rose over 1% last week due to expectations that new U.S sanctions on Iran and Venezuela could reduce global supply. On the technical side, the price is currently testing the support level of the 23.6% of the daily Fibonacci retracement while the Stochastic oscillator is in neutral levels hinting that the price has the potential to move in either direction in the short term. The faster 50-day moving average is trading below the slower 100-days validating the overall bearish trend in the market, at the same time the Bollinger bands have somewhat contracted showing that volatility is slowing down in the market for crude oil. This could mean that there might be some sideway movement in the coming sessions and there might need a new catalyst to perform any significant moves.
TVC:USOIL
by Exness_Official
Crude Oil Weekly Technical AnalysisCurrently, Crude Oil is forming a descending triangle on the weekly timeframe, with significant support at the 0.5 Fibonacci retracement level. This level is a critical point; a break below it could signal further bearish momentum. Should this support level fail, I expect the price to target the next Fibonacci levels at 0.618 and potentially down to 0.786, indicating possible continuation of the downward trend. I will monitor for confirmation signals of a breakout to the downside, such as increasing volume or bearish candlestick patterns, before confirming a short position. However, if support holds, the triangle could consolidate further, so I will remain cautious for potential reversal signs. My Approach 1. Weekly timeframe as a guiding framework 2. Daily for pattern confirmation 2.1. Bearish Candlestick formation below support (like a bearish engulfing or strong red candle). 2.2. Rejection candles near the descending upper resistance line (like doji or shooting star). 2.3. Increase in volume on a breakdown below support to confirm seller commitment. 2.4. Decreasing volume within the triangle as consolidation continues. 2.5. Spike in volume on a failed breakout could indicate a false move and potential reversal. 3. 4-Hour for entry
TVC:USOILShort
by kris_tarum
WTI Oil H1 | Bullish uptrend to extend further?WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 71.38 which is a pullback support that aligns with a confluence of Fibonacci levels i.e. the 23.6% and 38.2% Fibonacci retracement levels. Stop loss is at 70.55 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement level. Take profit is at 72.65 which is a swing-high 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. 64% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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:USOILLong
by FXCM
1