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WTI Crude (OIL) / US DollarWTI Crude (OIL) / US DollarWTI Crude (OIL) / US Dollar

WTI Crude (OIL) / US Dollar

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OILUSD trade ideas

WTI - Short Trade IdeaThis is a short trade idea that fades the recent expansion upwards. I did an analysis all the way from the yearly timeframe down to the daily, and all arrows still point lower. WTI came into a yearly BISI, which is generally a big deal, but I have a feeling (also based on analysis) that we will come lower into a 6-month BISI and take out the ascending SSL below. The inefficiencies on the daily timeframes are also indicating a move lower. However, caution will be expressed in observing the creation of bullish PD Arrays on the way to my short POI. If price continues up from my short POI and closes candles above on the daily, then we may be looking at higher prices first. USDCAD, which is negatively correlated with WTI to a high degree, has some a large double top on the higher timeframe overview. This would coincide with a move lower on WTI. That being said as a USD pair, how much of a recovery can we expect on the US Dollar is this happens? - R2F
OANDA:WTICOUSDShort
by Road_2_Funded
Copper & Oil : Are commodities about to surge? Copper is showing great pattern consolidation. it appears to be putting in a daily bull flag pattern that looks poised to breakout. If copper follows some of the other recent price action in the commodity space it makes it even more likely to surge., You're seeing #gold #uranium #oil and other all performing well. Will this dampen and slow down the dis inflation expectations? Perhaps. I am long SCCO with members and have already secured some profits today with members. I do think there is more strength to come in copper.
BLACKBULL:WTI
by Trading-Capital
1
USOIL / TRADING INTO DESCENDING CHANNEL - 4HUSOIL / 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 74.76 Downward Condition: With the price holding steady at the current turning level at 74.76 , it is likely to decline towards the support level of 72.81. If it stabilizes below this level, it could then reach the next target level of 70.92 Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 74.76 , leading to a rise toward the resistance level (1) at 76.15 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 78.55 TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 76.15 . RESISTANCE LEVEL (2) : 78.55 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 72.81 . SUPPORT LEVEL (2) : 70.92 . TURNING LEVEL : 74.76 .
TVC:USOILShort
by ArinaKarayi
4
USOIL Is Going Up! Buy! Here is our detailed technical review for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 73.74. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 79.53 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:USOILLong
by SignalProvider
1
WTI Oil H1 | Rising into pullback resistanceWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 73.66 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 74.55 which is a level that sits above an overlap resistance. Take profit is at 71.52 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.
FX:USOILShort
by FXCM
USOIL Potential Downtrend Line Breakout At $73.07 23.08.2024Apply 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) Disclaimer
TVC:USOILLong
by Stuart_Cowell
Bearish reversal?USO/USD is rising towards the resistance level which is slightly above the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 74.78 Why we like it: There is a an overlap resistance level which is slightly above the 23.6% Fibonacci retracement. Stop loss: 76.18 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 72.36 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDShort
by VantageMarkets
OIL In a clear 4 hour downtrend - Very RiskyOIL In a clear 4 hour downtrend - Very Risky Oil is moving down in a clear 4-hour downtrend. I said it's risky given the current geopolitical moment and also the speculation that the market is doing about the war developments in the Middle East. On the other hand, OIL is only going down clearly. After each corrective pattern, the price made a new low. If OIL manages to develop back into the current corrective pattern and below the bearish trend, chances are it could move back down as shown on the chart. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
TVC:USOILShort
by KlejdiCuni
2
Oil : To start the week - I hope you all have a great weekTrading Setup: A Trading Signal is seen in the WTICrude Oil Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 77.58 ⭕️SL@ 77.58 🔵TP1@ 74.27 🔵TP2@ 72.16 🔵TP3@ 69.01 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
BLACKBULL:WTIShort
by pullbacksignal
8
USOIL 6H / Permian Production to Drive Increase in U.S. OilThe U.S. Energy Information Administration (EIA) forecasts that most of the projected increase in U.S. oil and natural gas production in 2025 will be driven by the Permian Basin. This growth is attributed to several factors, including enhanced productivity, the development of new and expanded infrastructure, and sustained high crude oil prices. The Permian region, which spans parts of Texas and New Mexico, is already the most prolific oil-producing area in the United States, and it will continue to be the primary contributor to national output increases in the near future. This rise in production is expected to play a significant role in meeting both domestic and international energy demands. Technically: The price already stabilized at the bearish trend to get 69.78 which is a strong support line Bullish Scenario: The bullish trend should break 72.72 to get 73.90 and 75.35 Bearish Scenario: as long as the price trades under 72.72, it will support falling to 69.78 as a first bearish station Key Levels: - Pivot Line: 72.72 - Support Levels: 69.78, 67.00, 65.85 - Resistance Levels: 73.93, 75.35, 76.55 Today's Expected Range: The price is anticipated to move between the support at 69.78 and the resistance at 72.72.
TVC:USOILShort
by SroshMayi
USOIL Potential Support Resistance At $71.60 21.08.2024Apply 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) Disclaimer
TVC:USOILLong
by Stuart_Cowell
WTI│ CRUDE OIL │ 20 August 2024 - Daily timeframe Price broke bullish structure and retraced into the demand that caused the bos. • Bullish bias - Four-hour timeframe We had a bullish i-bos as price bounced of the daily • Bearish bias - 15-minute timeframe 15-minute swing structure shifted bullish which is in line with the daily timeframe swing structure • Bullish bias How do I come to a bias conclusion? I look at the swing structure; if it is bearish, I conclude a bearish bias ©Austin Palmer for FONOS Fx, 2024.
BLACKBULL:WTILong
by Austin_Palmer
4