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Crude Oil Future CFD (USD)Crude Oil Future CFD (USD)Crude Oil Future CFD (USD)

Crude Oil Future CFD (USD)

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CL-OIL trade ideas

USOIL - looking bullish in daily chartHello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest trading strategy on what we see price movement on the chart. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
FX:USOIL
by QQGuo-Shane
Oil Heading Higher in the Short TermOriginally, I thought this move up would be short and target somewhere along the 50 % area of the previous impulse down but it has ended up proving me wrong. Looking at how aggressive the rally has been since Dec 26 we can take an interpretation that wave B/X took the form of a triangle. This allows us to recalculate our likely zone for this move to end at the price of 74.75 which would give us equality in distance travel between waves W and Y, Of course, the price could push past this area, and for that purpose Im considering the absolute point of invalidation for this scenario at 79.10 and granted there is a wide margin from the current price to the indicated protective stop but if the move down gets going there is reason to believe we will go down to the 65 dollar mark and past it, still affording a favorable risk-reward. I have still not taken a position but will update when it looks more favorable to do so. Happy Trading :)
OANDA:WTICOUSDLong
by HydraFinance
CL - Crude Oil confirmation and unwritten potentialHi guys, we are following up with probably one of our favourite assets to participate in. You guessed it right it's CL. Currently the Crude Oil is sitting in a very specific range , which has been traded since late August , until the end of October where we saw a big spike and got out of boundaries due to the escalation in Iran and Israel, of which after the cooling off we got back into the range of 73.00 as a strong resistance line , and 67.00 as a strong support. This range has made a lot of traders stay away from CL, but I do believe that there is potential to be caught. Current analysis and entry : Entry today at a level of 68.90 , with two targets of take profit : Target 1: 71.52 Target 2: 72.92 Now this is the bold move if you don't want to miss out on the current opportunity and your Risk Tolerance is on the higher end. If you want to be more protective and your Risk Tolerance is on the lower side, you can get a Pending Order at the level of 66.61 , and then enter 3 follow up targets Target 1: 68.50 Target 2: 71.05 Target 3: 72.45 P.S. My current opinion is to go with a current entry because the missing out of opportunity is too high ,hence we are seeing more tensions in Israel&Gaza conflict, additionally the tightening of the situation in Ukraine&Russia adds more Fundamental Value, towards a swing on an upside of the Crude Oil. Do let me know in the comments below or in my community what is your thought process and opinion about our favourite Black Gold! Happy Trading!
TVC:USOILLong
by DG55Capital
OIL DOWNTREND TO 66.71Greetings there Traders this is my idea for OIL. As we can see on the chart there is a big uptrend followed by asscending channel after the breakout.We expect a uprising in the channel after testing the current level which suggests that the price will continue to rise. In this chart we can see that the price movement has been in a bullish uptrend possible it will reach the market cap on key level 73.157 if it breaks it will reault in a Sell position. I think it will manage itself to the 66.713 key level as a Target. Trader if you like this idea please like,comment and follow,i will be glad. Thank you
PEPPERSTONE:SPOTCRUDEShort
by Zaks_ForexRules
(4H Timeframe) Analysis:(4H Timeframe) Analysis: Support Level: 68.00 This is a key level where buyers are likely to step in and support the price. Resistance Level: 75.00 This is the potential target zone where the price may face resistance or reverse. Trade Setup: The price is consolidating near the 68.00 support level, indicating potential bullish momentum. A breakout above the current levels could push the price towards the 75.00 target. Entry Point: Enter above 72.00 after confirmation of a breakout. Stop Loss: Place below 67.50 to limit risk. Target: Set a take profit at 75.00. Risk Management: Always maintain a risk-to-reward ratio of 1:2 or better. Trade within your risk tolerance and avoid over-leveraging. Technical Indicators: Trend: Bullish Chart Pattern: Higher Highs and Higher Lows Additional Confirmation: Look for bullish signals on RSI and MACD indicators. Disclaimer: This analysis is for educational purposes only and should not be considered as investment advice. Conduct your own research and prioritize risk management.
TVC:USOIL
by AlphaSignalss
USOIL WILL GO DOWN FROM RESISTANCE!? (READ CAPTION)I Expected In TVC:USOIL Touch Now The Resistance Zone (79.00/80.00) What Do You Think? Can USOIL Start Now Bearish Movement Or Not!? Here Is Good Resistance Area, USOIL Seems To Be Downward After Making Double Top Pattern In 30M At The Resistance Level Note: If USOIL Break The Given Resistance (79.00/80.00) Any D1 Candle Close Above This Resistance We Can Expect More Pump Note: There Is A Possibility That USOIL Will Drop Sharply. Please Respect Each Other's Ideas And Express Them Politely If You Agree Or Disagree. USOIL Analyze (USOIL), 4-hour Time Frame Trade Setup: Entry: (78.50/79.50) Target1 75.00 Target2 73.00 StopLoss: If D1 Candle Close Above The Resistance Then Close Your All Sell Trades Be Sure To Follow The Updated Ideas. Do Not Forget To Put Stop Loss For Your Positions (For Every Position You Want To Open). Please Follow Your Strategy And Updates; This Is Just My Idea, And I Will Gladly See Your Ideas In This Post. Please Do Not Forget The Like Button & Share It With Your Friends; Thanks, And Trade Safe.
TVC:USOILShort
by TheForexAdventures
Crude oil - consolidation?Crude oil has pulled back a touch this morning with front-month WTI trading around $77. It could be that the market is ready to consolidate after a significant bull run, which began just before Christmas. WTI is up 12% since 20th December, and 15% from its last significant low point, hit earlier that month. A bounce in crude prices has been overdue for a while now, given the downtrend which has been playing out ever since prices peaked in early 2022, soon after Russia’s invasion of Ukraine. Since then, front-month WTI has held above $65 per barrel on a daily closing basis. So, while this latest rally may see crude break out of its downtrend, it remains within sight of that multi-year low. Last year, crude prices came under constant selling pressure as the outlook for global demand growth was repeatedly revised down. China’s economic slump following its property bust was the main driver of these revisions. It remains to be seen if promises of monetary and fiscal support from Chinese authorities will prove substantial enough to improve this dynamic. Currently, crude is getting a boost from the cold weather across Europe and parts of the US, as well as from fresh US sanctions on Russian oil sales.
TRADENATION:WTI
by TradeNation
Oil Short 4HI’m excited to share my next setup for Oil. This trading idea is based on correction levels. The main idea area is between 80.35 and 80.25. However, since oil tends to react to the 50 levels, I prefer to focus on the 80.5 level for my entry. For the 4-hour entry, I am waiting for the formation of an M pattern with a lower peak at the second base. I’ll be looking to take scalp sell at the levels of 80.25, 80.35, and 80.5 for the first touches. after that, I'm going to wait for the confirmation to take the main Sell. Please note that, typically, upon the first collision, we could experience either an impulse or a rejection entry. At the second base, we should wait for a consolidation area to confirm our entry. For a better understanding of this setup, please refer to my previous oil chart. TP1: 79.9 TP2: 79.2 TP3: 77.4 SL: 81.35 Please remember that trading carries risks, and it's crucial to do your own research. The ideas shared here reflect my personal analysis and may not guarantee success. Always trade responsibly and consider seeking professional advice if needed. Happy trading!
TVC:USOILShort
by Persian_Traders_
2
Navigating the Oil Market volatile prices Crude oil prices have been on a roller coaster ride in recent times, influenced by a multitude of factors, including geopolitical tensions, economic indicators, and OPEC+ production decisions. Let's break down the key elements affecting the current oil market: The Russia-Ukraine War and Sanctions The ongoing conflict between Russia and Ukraine has been a significant driver of oil price volatility. Russia is a major oil exporter, and the Western sanctions imposed on the country have disrupted global supply chains. This has led to supply concerns and consequently, higher oil prices. OPEC+ Production Cuts The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) have been actively managing oil production levels to stabilize the market. Their decision to cut production has had a direct impact on increasing oil prices. This move aims to balance supply and demand, ensuring oil prices remain at profitable levels for member countries. US Oil Production and Inventory Levels The United States is a major oil producer, and its production levels and inventory change s influence global oil prices. While US production has increased, it hasn't been enough to offset the supply disruptions caused by the Russia-Ukraine conflict and OPEC+ production cuts. Lower US oil inventories have also contributed to the upward pressure on prices. Oil Algorithmic Traders Loosen Grip on Market After Back to Back Annual Losses Gusgraph.com Global Economic Recovery and Demand The global economic recovery from the COVID-19 pandemic has led to increased demand for oil. As economies reopen and travel picks up, the demand for fuel has surged, putting upward pressure on oil prices. Other Factors In addition to the above factors, other elements such as geopolitical tensions in the Middle East, currency fluctuations, and speculative trading can also impact oil prices. In conclusion, the current oil price surge is a result of a complex interplay between geopolitical events, supply and demand dynamics, and economic indicators. The Russia-Ukraine conflict, OPEC+ production cuts, and robust global economic recovery are the primary drivers pushing oil prices higher. Navigating the Oil Market: A Day Trader's Guide The oil market is a dynamic and complex arena, presenting both significant opportunities and formidable challenges for day traders. Understanding the key drivers of oil price fluctuations is crucial for developing effective trading strategies. Key Factors Influencing Oil Prices: Geopolitical Events: The ongoing conflict in Ukraine and the resulting sanctions on Russia have significantly disrupted global oil supply chains. Geopolitical instability in the Middle East, a major oil-producing region, can also trigger price volatility. OPEC+ Production Decisions: The decisions of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) regarding production cuts or increases have a direct and significant impact on oil prices. Global Economic Growth: Strong economic growth translates to increased demand for energy, driving up oil prices. Conversely, economic slowdowns can lead to lower demand and lower prices. US Oil Production and Inventories: Changes in US oil production and inventory levels play a crucial role in influencing global oil prices. Currency Fluctuations: The value of the US dollar against other major currencies can impact oil prices, as oil is typically priced in US dollars. Day Trading Opportunities in the Oil Market: The volatile nature of the oil market presents several trading opportunities for skilled day traders: Identifying Trends: Identifying and trading with the prevailing trend (uptrend, downtrend, or sideways) is crucial. Technical analysis tools like moving averages and trend lines can be valuable in this regard. Capitalizing on News Events: Anticipating and reacting to news events, such as OPEC+ meetings, geopolitical developments, and economic data releases, can provide significant trading opportunities. Volatility Trading: High volatility periods can create short-term trading opportunities, but require careful risk management and a robust trading plan. Scalping: Scalping involves taking small profits on small price movements. This strategy requires quick decision-making and a deep understanding of market dynamics. Key Considerations for Day Trading Oil: High Volatility: The oil market is known for its volatility, which can present both significant opportunities and risks. Risk Management: Implementing strict stop-loss orders and position sizing strategies is crucial to manage risk effectively. Fundamental Analysis: Stay informed about geopolitical events, economic data, and industry news to make informed trading decisions. Technical Analysis: Utilize technical indicators such as moving averages, RSI, and MACD to identify entry and exit points. Emotional Control: The volatile nature of the oil market can trigger emotional responses. It's crucial to maintain discipline and avoid impulsive trading decisions.
EIGHTCAP:USOUSD
by Gusflier