USoil more bullishprojecting for more buys because we have been on an upward move forever why stope now. aiming for the highsby mumgigaha112
Crude Oil: Fundamental Analysis – Next Stop $80?Current Oil Price Dynamics: Oil prices are under upward pressure due to a mix of geopolitical tensions and supply constraints. The recent surge in prices reflects growing concerns over potential Iranian retaliation following recent events in the Middle East. This geopolitical uncertainty has led to increased trading volumes and heightened volatility in the oil markets as traders hedge against further disruptions. Supply Constraints: Significant supply issues are driving prices higher. Disruptions in Libya and economic struggles in Saudi Arabia, compounded by OPEC+ production cuts, have tightened global oil supply. The removal of Libyan oil from the market and Saudi Arabia’s economic challenges due to low oil revenues are contributing to a constrained supply environment. US Production and Inventories: In the US, rising natural gas production is pressuring gas prices downward, while a notable drawdown in crude oil inventories has bolstered bullish sentiment. The drop in US crude stocks to six-month lows underscores strong demand, which, when coupled with supply constraints, supports higher oil prices. Broader Trends and Market Reactions: The global energy market is shifting, with decreasing coal demand in Europe and increased renewable energy capacity in China influencing trends. Weaker EV sales in China, particularly from Tesla, might impact global oil demand, but renewable energy growth continues to drive long-term changes. Venezuela’s Production Impact: In Venezuela, increased oil production amidst political instability adds to global supply, partially offsetting some of the supply constraints from other regions. Risks to Remember: Geopolitical Escalation: Potential further escalation in the Middle East could lead to sharp price spikes and increased volatility. Supply Disruptions: Ongoing issues in Libya, economic struggles in Saudi Arabia, and geopolitical tensions could continue to affect oil prices. US Production Trends: Variations in US natural gas production and inventory levels may influence broader energy markets and oil prices. Market Sentiment: Reactions to geopolitical events, trading volumes, and technical indicators can drive significant short-term price movements. Economic Factors: Broader economic trends, including shifts in energy demand and production, especially in emerging markets like China, can impact long-term oil price trends. For further details on the technical analysis of ICMARKETS:XTIUSD , check out my in-depth technical analysis Happy Trading!Longby its-ahmadUpdated 3
hyper inflationtention in middle east is aggresively getting stronger. unfortunately monthly candle became very stable to keep the price high. most of commodities and equitites went all time high. So does oil will go for alltime high level of 200 dollar target in end of this year.Longby illuminating_tradeUpdated 339
USOIL BEARS ARE STRONG HERE|SHORT Hello, Friends! We are going short on the USOIL with the target of 75.00 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals113
WTI successfully rebounded for 5 consecutive trading days Oil prices, which had hit their lowest due to concerns about a slowdown in the US manufacturing economy and job market, stopped falling and rose for five consecutive trading days. As the US labor market shows signs of recovery, concerns related to the US economic outlook have diminished, and worsening geopolitical concerns in the Middle East are also putting upward pressure on oil prices. In particular, the rebound in US Initial Jobless Claims has somewhat diluted concerns about a decline in oil demand. Last week, Weekly Jobless Claims reached 233K, down 17,000 from the previous week and below market expectations of 241K. In addition, China's July CPI, which exceeded expectations, also helped improve the recent market mood. China's National Bureau of Statistics announced that the CPI rose 0.5% in July, showing an upward trend for the sixth consecutive month, raising expectations of increased Chinese oil demand. USOIL reached a bottom of 71.20 and rose for five consecutive trading days, rebounding to the 79.00 level. The price has formed a descending channel since early July, but the recent rebound quickly breached the channel’s upper bound. Moreover, EMA21 has golden-crossed EMA78, sending a typical bullish signal. If USOIL sustains the current uptrend and breaches the 79.70 resistance, the price may gain upward momentum toward the 81.70 level. Conversely, if USOIL fails to hold above the 78.00 support, the price could fall further to the 76.50 level.by inkicho_exness0
USOIL Potential Downtrend Line Breakout At $79.87 13.08.2024Apply 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_Cowell2
WTI, back at major order block support -- BOUNCE expectedWTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at 69.0 TAYOR. Safeguard capital always. -------- RELATED NEWS: Reuters Oil prices settle more than 3% higher after China rate cut By Stephanie Kelly NEW YORK, June 13 (Reuters) - Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China's central bank lowered a short-term lending rate for the first time in 10 months, boosting crude prices after steep losses the previous session. The rate cut is aimed at adding momentum to a hesitant post-pandemic recovery in the world's second-largest economy and biggest crude importer. Brent crude futures settled up $2.45, or 3.4%, to $74.29 a barrel. U.S. West Texas Intermediate (WTI) crude gained $2.30, or 3.4%, at $69.42 a barrel.Longby JSALUpdated 252550
Weekly outlook aug12-19: USOILTVC:USOIL still bearish and in a long corrective phase. Weakening labor market data paired with production cuts will continue to lower oil demand globally. Targets remain the sameShortby SolenyaResearch1
XTIUSD SELLHi fellow traders, XTIUSD is ready to make a move lower from the blue box after completing the ABC correction. Target the 67.86 level. Good luck and trade safe!Shortby OGwavetraderUpdated 224
WTI… A short term topMiddle East tensions aside …WTI is in the process of forming a bearish Wolfe Wave top as well as heading into a resistance area in effect for the past month. This is one of the components of TV’s August Leap challenge. I would be looking to establish a short/cover a long on any hesitation here. Please bear in mind we have a lot of market moving news this week. A tight stop is in order or just wait for the the markets reaction to this news. Not investment advice. Do your own due diligence. Sby Steve666221
CRUDE OIL STRONG RESISTANCE AHEAD|SHORT| ✅CRUDE OIL has been growing recently And the price seems locally overbought So as Oil is approaching a horizontal resistance of 80.81$ Price decline is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx111
Oil_Crude (WTI)As I've mentioned before, a bullish breakout followed the formation of the Ascending Triangle. Regards, Vikash MakiLongby Vincent_CatchMoneyMagnet5
$OIL Speculations OPEC on Monday cut its forecast for global #oil demand growth in 2024 citing softer expectations for #China, a reduction that highlights the dilemma faced by the wider #OPEC+ group in raising production from October.Shortby TradinSides4
Oil_Crude (WTI)W chart pattern succeeded. Ascending triangle fully developed. Longby Vincent_CatchMoneyMagnet2
Did Crude Oil Just Bottom? Would target $78Did Crude Oil Just Bottom? Would target $78 Crude Oil looks bullish on the hourly - invalidated below 73.5Longby ridethemwavesUpdated 2
USOIL LONG-TERM TOP DOWN ANALYSIS From our top down Analysis last month of June 8th 2024 I gave the overall market flow of the TVC:USOIL you can the multiple head and shoulders pattern form signaling an end to the bullish trend form on a monthly timeframe. We might see further downside once this trend Retraced back into that yellow zone. Profit target $72 - $64/barrelShortby Money_Pips227
WHY USOIL MIGHT CRASH TO $50 BEFORE 2025(LONG-TERM ANALYSIS)From our top down Analysis last month of June 8th 2024 I gave the overall market flow of the TVC:USOIL you can the multiple head and shoulders pattern form signaling an end to the bullish trend form on a monthly timeframe. We might see further downside once this trend Retraced back into that yellow zone. Profit target $72 - $64/barrelShortby Money_Pips0
USOIL H4 | Pullback resistance at 61.8% Fibonacci retracementUSOIL is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 78.63 which is a swing-high resistance that sits under the 61.8% Fibonacci retracement level. Stop loss is at 80.70 which is a level that sits above a pullback resistance. Take profit is at 76.01 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.Short03:09by FXCM2
usoil shortUSOIL is playing in daily and weekly corrections, but creating sub structures. for now, I see a short from the daily levels (2 resistance levels), and potential QM sell continuation.Shortby Tradingdeck1
USOIL Potential Bearish BatOn the 4-hour chart, USOIL stabilized and rebounded, and the short-term bullish pattern was dominant. At present, we can pay attention to the area around 77.32. After reaching it, we can pay attention to the short-selling opportunities of the potential bearish bat pattern. If the resistance level of 78.25 is broken, the pattern will be declared a failure. USOIL SELl 77.32 TP 74.00 SL 78.25Shortby XTrendSpeed1
USOIL Potential Resistance Breakout At $77.25 12.08.2024Apply 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_Cowell2
WITI to 106 or 55 weekly chart we need to see a clean break for this big triangle , for now the pivot of this triangle is 77 we need a clean closer above it first then closer above 82 then ready to fly to 106 the other scenario is closer below 72 then keep selling till 55by ARCHREX5
Something Big Brewing For Oil MarketsAs we can see displayed clearly from the Monthly TF and down we have an obvious pennant pattern. This has been forming over the course of the last 3 Years since August of 01. This could be a very early indicator for something massive externally. We need to tread with caution and be prepared to load positions when the time comes. This 3 year cycle will act as an accumulation phase which we have had the US Filling there reserves along with many other countries over the past years. Once this thing picks its side we will see a beautiful waterfall type of scenario. With the short side filling 5-10$ ranges like nothing could be very similar to the upside but sells often times happen much much faster than buys. Feel free to contribute your thoughts below! :) As always happy trading safe trading. Work Until It Feels Effortless. TKT-Adam J. by iNtuNeFXMarkets0