wtifrom high frame to 4H as price is done re-testing looking at the chart simple line easy understanding. today breaks below the yellow suppory good to go for short. let me know what you think.Shortby Time-Win5
Bullish USOILUSOIL has just jumped off it's recent lows, will it continue to rally right past 83.26...? All will be revealed once we hopefully pull-back from between 79.86 and 79.69.Longby SyandA_stArMAN0
#oil bearish outlookIt seems like the price has formed a 5-wave bullish impulsive move and could now begin its bearish move. For the bearish move to be confirmed, we need to see the price breaking below the bullish channel line and also closing below the VWAP. Bearish confirmations: Bearish divergence in the 4H timeframe. Completion of the 5-wave bullish impulsive move. Momentum oscillator in overbought (OB) territory. If you’ve found this analysis helpful, please take a moment to like, comment, or share your thoughts with me. Shortby mohematiUpdated 3
wti idea simple power of three (also how i navigated successfully since mid april) and how i believe it will play out due to seasonality. breaking lower 72.7 will invalidade this. currently have one long possition from the dip and one short running. wish the best to all of youby nikolasgalgrivasUpdated 3
WTI turns lower after surprise crude stocks buildNews of a surprise inventories build in the US has caused oil prices to give up earlier gains and turn lower. The EIA US weekly crude oil inventories came in at +3591K vs -2850K expected and -2547K prior. The 3.6-million-barrel build suggests weaker demand despite hopes that inventories would draw down more meaningfully due to the US driving season. However, gasoline stocks also rose, coming in at +2654K vs -1024K expected, while the refinery utilization fell to -1.3% vs +0.1% expected. As a result, crude oil prices turned lower on the session to take out the lows of the past several days. The key support to watch is at $80.00 – if it breaks this level decisively now then we could see some follow-up technical selling towards $79.00 next. However, if instead oil prices rise to hit a new high on the session, then this would invalidate any bearish signals we may have seen today. So, watch the closing prices attentively. By Fawad Razaqzada, market analyst at FOREX.comby FOREXcom1
Will the oil market enter a price correction?📊Due to the decrease in the upward momentum of the price movement, if the range of 80.5 units is broken and the price stabilizes below it, the price may fall to the range of 79.4 units🎯, and in the case of the strength of the range of 78.0 units🎯🎯. 📊Otherwise, the possibility of price increase up to the range of 84.0 units.Shortby arongroups4
Bullish Punch on Crude OilOil prices rose slightly at the beginning of the Asian session on the surprise of excess inventories in the U.S. stockpiles. This was largely driven by the geopolitical risks of conflicts in the Middle East and the prospect of an eventual drawdown of these inventories during the third quarter, which is the time when demand increases. At the start of the European session West Texas remained +0.59% and Brent +0.52%. Natural Gas, Oil and Gasoline have also been affected by this effect. It is possible that the market is ignoring demand concerns and anticipating the aforementioned reductions. The American Petroleum Institute (API) reported an increase of +914,000 barrels last Friday. Data from the Energy Information Administration (EIA) Crude Oil, Distillates and Oils are released today at the start of the US session. The expectation on inventories is for a possible 3 million drop over last week's data. Looking at the chart, the WT (Ticker AT: Lcrude) shows us the development of the bullish directionality since June 3rd with a return to the mean and recovering its most traded price. If we observe the bell has a mono-bell shape and the current most traded price at the control point is located at $77.92. Currently the price is around $81.05. The RSI indicator confirms that it is at 58.95% which indicates that it is slightly overbought. If we look at the possibility of a rise according to the advance, it would not be difficult that if it exceeds the level of $87.26 it will try again to look for the resistance of the range around $97. Ion Jauregui - Analista ActivTrades ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Longby ActivTrades3
Crude Oil Market Analysis and Trading SignalsTechnical analysis of crude oil Daily resistance 83.4, support below 77.5 Four-hour resistance 82, support below 80.7-79 Crude oil operation suggestions: After a bottom rebound in the daily chart of crude oil, the upward momentum has slowed down. Short-term is accompanied by a second roundabout retracement confirmation. The daily chart uses the middle track as the support point. Go long after the retracement confirmation. Today's lower support continues to focus on yesterday's hourly neckline support of 80.5. Relying on this position, the main bullish trend remains unchanged. The upper target is still near the daily pressure of 83.4. The short-term bullish strong dividing line focuses on the 80.7 mark. If the daily level stands firm at this position. Continue to follow the trend and do more. Short selling can participate near the daily resistance of 83.4. (At the same time, beware of trend changes, and there is also a warning of a sharp drop in the technical side) SELL:80.7near SL:81.10 SELL:82.0near SL:82.40 SELL:83.4near SL:83.70 Technical analysis only provides trading direction! by ActuaryJUpdated 8
USOIL Uptrend line Rejection At $80.46 25.06.2024Uptrend line Rejection: USOIL on 1hr chart at $80.46 Bullish Targets: Target 1: $82.67 Target 2: $85.49 (if $82.67 breaks) Bearish Targets: Target 1: $78.71 Target 2: $77.34 (if $78.71 breaks) 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_Cowell0
USOIL Will Go Higher! Buy! Please, check our technical outlook for USOIL. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 81.39. The above observations make me that the market will inevitably achieve 83.28 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!Longby SignalProviderUpdated 114
OILCRUDE oil is on sub-wave C of wave B, at the moment i expect the pair to do a correction or a final impulse down completing sub-wave 4 of impulsive wave C.Longby Nhlanhla_luck_IV1
WTI - Bearish After False BreakWTI is showing a classic false breakout on the upside. After the recent price increases failed to exceed the previous high, there was a dynamic sell-off. We assume that the bears will retain the upper hand for the time being and are therefore assuming the short scenario presented here.Shortby Ochlokrat2
WTI Oil H4 | Bullish uptrend to resume?WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 80.42 which is a pullback support. Stop loss is at 79.60 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level. Take profit is at 84.45 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level. 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.Long04:12by FXCM1116
Oil turns bullish but WTI faces its key resistance range once agOil prices have regained their bullish bias after three weeks of stable ascent. US crude (WTI) is up 13% since the lows on June 4 gaining almost $10 per barrel. The Relative Strength Index (RSI) has also regained significant room above the mid-line suggesting that bulls are back in control. But oil prices can be very volatile and momentum can quickly turn. For now, the path of least resistance seems to be higher but WTI has entered its key resistance/support range between $80.65 and $82.54 which has served as an area of reversal in the past. With the moving average placed below the price and the 20-day line quickly closing the gap with the others, it seems like the bullish momentum could continue as long as the price remains above $80 over the coming days. The upper bound of the key range at $82.54 is going to be a tough level for buyers to crack and even if they do, the momentum could potentially only last a little before a reversal ensues. The last time WTI broke above its key range with all four of its simple moving averages below it the momentum lasted until $87 per barrel before the pullback took over. Markets seem to be focused on the prospects of improving crude demand as the summer season gets underway, but also with hopes of strong economic performance in the months to follow. Meanwhile, official data shows inventories dropped in the week starting June 10th but the drawdown was not as big as expected. The inventory data has been quite volatile recently, with large drawdowns followed by equally large increases. Elsewhere, failure to achieve a ceasefire between Israel and Hamas has kept the risk of escalating conflict in the region elevated, keeping crude oil prices underpinned. by CapitalcomUpdated 2
ob-mss,bos,retest-showing willingness to sellob-mss,bos,retest-showing willingness to sell been ready to sell for ahile, im taking this as a round 1Shortby TheFoundation7772
USOILThe US oil price is showing a short-term bearish move due to a rising wedge pattern and an Elliott Wave ABC correction. Currently, the price has completed point A and is moving towards point B. After a 50% to 61% retracement at point B, we can expect a bullish reversal, leading to a long-term move towards point C.by forex_info3