Buy USOILUsOil making a bullish divergence at 4h TF, if we put buystop order at breakout of last LH w can see a good Bullish Move.Longby EhtishamAhsanPublished 0
Crude elliott wave updateCrude elliott wave update BLACKBULL:WTI FOREXCOM:USOIL MCX:CRUDEOIL1! NYMEX:CL1! TVC:USOIL FX:USOIL CAPITALCOM:OIL_CRUDE BLACKBULL:WTI FOREXCOM:USOIL Elliott wave Count Target above 100Longby Treda_proPublished 112
US OILUS OIL making a correction as of now. News were main catalyst to reverse the bearish trend. but it looks like a short term pull back. Price is likely to go down in at the crucial support levels. Furthermore this setup is invalidated if the price moves above point C. Oil production around the world is increasing and the US holds positive inventories as per data suggests. lets see how it goes.Shortby TRADETITANWAQASPublished 2
USOIL FUTURES 1HR TIME FRAMECurrent Status: SHORT FROM THE POINT Price Action: The internal and external delivery structures, as well as price action, are respecting general rules and demonstrating strong, favorable patterns. The price action is behaving as anticipated, showing promising development.Shortby faisi1Published 0
OI_Crude (WTI)Long entry was taken at 74.498 (wasn't that clean, particularly was expecting a downtrend momentum ending around 71 - 73.450 following a liquidity grab to 79.750) Now, 5.42:1 Risk-Reward Ratio and still going Safety, Stop loss at 3.95:1 Risk-Reward Ratio It's hot over here!!! Decisions, decisions, decisions!!!Longby Vincent_CatchMoneyMagnetPublished 1
58.55% Probability of USOIL Bullish Continuation This Week!Based on a mechanical top-down structural analysis from higher to lower timeframes, there's a strong probability (58.55%) of a bullish continuation in USOIL this week. This analysis, combined with hourly timeframe probabilities , suggests a favorable outlook for price movement. Follow me with the detailed top-down analyses linked below to see the key factors contributing to this bullish projection on FX:USOIL 12M: 6M: 3M: 1M: 2W: 1H: 2H - Entry: Take a look at these analyses to see the details behind this trade idea. If you have any questions or want to discuss further, feel free to ask. Let's make this a great trading week!Longby FractalystUpdated 6
WTI Crude Simple Trading Plans/SetupsOil has resumed its long term downtrend trajectory and now presents further opportunities. We can dive into lower timeframes to get an understanding of where we see this Market near term, as well as long term, as shown by higher timeframes. Recent China sentiment can be discussed too.Short06:03by WillSebastianUpdated 2211
USOIL ( BREAKOUT DEMAND ZONE ) (4H)USOIL HELLO TRADERS Tendency , the price is under bearish pressure , after breakout demand zone . TURNING LEVEL : the price of turning level around 76.96 , until the price trading below this level reach a support level (1) , but if the price breaking this level reach resistance level (1) . RESISTANCE LEVEL (1) : this level around 80.49 , for reach this resistance the price it will be breaking turning level . RESISTANCE LEVEL (2) : around 82.83 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : as long the price trading below turning level reach this level around 75.05. SUPPORT LEVEL (2) : this level around 72.46, for reach this level the price will be breaking by open 1h or 4h candle below support level (1) . CORRECTIVE : the price may be corrective turning level at 76.96 , before drooping . TARGET LEVEL : RESISTANCE LEVEL : 80.49 , 82.83 . SUPPORT LEVEL : 75.05 ,72.46 . Shortby ArinaKarayiUpdated 10
London Session Recap - EURCAD, OILEURCAD Fakeout Continuation Signal Day Setup OIL Breakout Setup16:04by nohypetraderPublished 3
Texas Oil to continue in the downward move at market price?WTI - 24h expiry Our short term bias remains negative. Our bespoke support of 77.06 has been clearly broken. Previous support at 77.50 now becomes resistance. We look for a temporary move higher. We look for losses to be extended today. We look to Sell at 77.50 (stop at 78.30) Our profit targets will be 75.50 and 75.15 Resistance: 77.13 / 77.50 / 78.00 Support: 76.60 / 75.80 / 75.4 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.Shortby OANDAPublished 5
Analysis of WTI 1-Hour ChartCurrent Observations: 1. Resistance Zones: • 78.688 to 79.134: Major resistance zone indicating potential selling pressure. • 77.203 to 77.500: Intermediate resistance area. 2. Support Zones: • 75.453 to 75.726: Immediate support zone where the price is currently around. • 72.719 to 72.992: Strong support zone further below, marked in yellow. Trading Strategy: 1. Entry Points: • Long Entry: Consider entering long positions around the support zone of 75.453 to 75.726, as it shows potential for a bounce back up. • Short Entry: Consider entering short positions if the price reaches the resistance zone between 78.688 to 79.134, as this is a strong resistance area. 2. Take Profit (TP) Levels: • For Long Positions: • TP1: 77.203 (Intermediate resistance level) • TP2: 78.688 (Lower bound of the major resistance zone) • TP3: 79.134 (Upper bound of the major resistance zone) • For Short Positions: • TP1: 77.203 (Intermediate resistance level) • TP2: 75.726 (Immediate support level) • TP3: 72.992 (Strong support level further below) 3. Stop Loss (SL) Levels: • For Long Positions: • SL: 74.907 (below the immediate support zone to avoid potential further downside risk) • For Short Positions: • SL: 79.500 (above the major resistance level to avoid getting caught in a breakout) Example Trade Scenarios: 1. Long Position: • Entry: 75.453 • TP1: 77.203 • TP2: 78.688 • TP3: 79.134 • SL: 74.907 2. Short Position: • Entry: 78.688 • TP1: 77.203 • TP2: 75.726 • TP3: 72.992 • SL: 79.500 Longby KironKavanaghPublished 331
USOIL FUTURES 7/31/2024Nasdaq Trading Update: Current Status: Sell Invalidated: The standard deviation hit for Nasdaq indicates that our sell position has been invalidated, validating our current pullback buy position. Price Action: The internal and external delivery structures, as well as price action, are respecting general rules and demonstrating strong, favorable patterns. The price action is behaving as anticipated, showing promising development. Technical Analysis: Wave Structure: Leg 5 within Leg 5 for the downside has been completed, delivering a corrective move in a wedge pattern. Divergence also supports the potential for a reversal. Accumulation Phase: The accumulation phase appears clear, suggesting a successful transfer of money and positioning. Trading Strategy: Current Positions: The existing buy position is holding well, indicating a good sign for the ongoing strategy. Risk-Off Additions: On a pullback, I plan to add more risk-off buy positions to capitalize on the anticipated upward movement. Next Steps: Monitor Pullbacks: Watch for pullback opportunities to add more positions, ensuring they align with the current market structure and risk management strategies. Take Profit Considerations: Consider potential take profit levels and adjust positions as needed based on further price action and market developments.Longby spacedevilPublished 1
90 incoming Big Move op incoming.. Be careful with shorts.. Good luck and safe trade Longby habib078641Published 1
USOIL Potential Downtrend Line breakout At $76.58. 31.07.2024Potential downtrendline breakout for USOIL at $76.58. If breakout sustains, price could rally to $77.93 and potentially $79.00. If breakout fails, price may drop to $74.83 and possibly $72.62. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerLongby Stuart_CowellPublished 114
CRUDE OIL SUPPORT AHEAD|LONG| ✅CRUDE OIL is trading along the rising support And as the price will soon retest it I am expecting the price to go up To retest the supply levels above at 75.65$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFxPublished 112
USOIL Potential Buy setupTrade Plan: Entry Level(Buy Stop): 79.400 Stop Loss Level: 75.600 Take Profit Level 1: 83.200 Take Profit Level 2: 87.000 Reasons for bullish bias: - Price gave LH breakout (DOW) - Strong bullish divergence - Safe entry at HH breakout for trend confirmationLongby TradeWithParasUpdated 0
USOIL Today - 30-July-2024From the Intraday perspective the price broke previous days Low, so it is bearish. And the Volume was sufficient, making it a bearish candidate.Shortby billytrade101Published 338
USOIL - BEARISH MOVEHello Traders ! After a huge bearish move, The USOIL price broke the support level (75.17 - 75.64). This key level becomes a new resistance level ! So, I expect another bearish move 📉 _____________ TARGET: 72.90🎯Shortby Hsan_BenhmedUpdated 5520
New York Session Recap - NAS100, US30, GOLD, DE30, UK100Took 5 trades with NAS being the big winner of the day. All were Signal Day High of Day reversal trades.15:27by nohypetraderPublished 3
Crude slide continuesAny bullish hopes that crude oil was ready for a rebound, following a month’s-worth of near relentless downside pressure, evaporated yesterday. Front-month WTI slumped below a level of intermediate support around $76 and is getting ever closer to the multi-month lows hit in early June. The daily MACD is pushing deeper into negative territory, indicating that momentum continues to point downwards. Despite this, oil is far from being ‘oversold’. Yet the MACD is approaching levels last seen at the beginning of June, just before prices took off to the upside and went on to rally over 13% in four weeks. Could history be about to repeat, or rhyme? So far, rising geopolitical tensions have failed to put a spark under prices. The last two years have shown that it’s actions playing out between Ukraine and Russia that move oil prices, not those in Gaza, Lebanon, Yemen and Israel. That dynamic could change of course. For now, concerns over the pace of economic growth, particularly in China and the US, have dampened prices. It’s just a question of where the sellers run out of puff.by TradeNationPublished 3
USOIL - where is support?? what's next??#USOIL - market just near to his immediate supporting area, keep close it 76.20 around. any weakness below that level can leads you towards further area to downside. keep close it and dont short until market hold it. good luck trade wisely by AdilHussain731333Updated 4
USOIL / GOT IT, AND STILL RUNNING!!! Technical Analysis: USOIL Current Outlook: the price remains bearish zone due to stability bearish volume under 77.94 Bullish Scenario: The price should stabilize above 77.94 to get 79.49 Bearish Scenario: As long as trades under 77.44 means will drop to 76.30 and 75.35 Key Levels: - Pivot Line: 77.40 - Support Levels: 76.30, 75.35, 72.80 - Resistance Levels: 77.94, 79.49, 80.73 Today's Expected Range: The price is anticipated to move between the support at 75.35 and the resistance at 77.95. PREVIOUS IDEA: Shortby SroshMayiUpdated 6
WTI Oil H4 | Pullback resistance at Fibonacci confluenceWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.35 which is a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 23.6% and 61.8% retracement levels. Stop loss is at 78.90 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 75.43 which is a pullback 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. 68% 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. 73% 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.Short03:36by FXCMPublished 227