USOILUSOIL is in bullish Trend.
AB=CD harmonics pattern also shown that price go upto 79.5.
we buy at CMP.
As per harmonics pattern our TP 1 should hit.
OIL_CRUDE trade ideas
CRUDE OIL TO $160? (UPDATE)Oil prices are up currently up 8% so far from our green, supply zone. Despite that we are still at the START OF THE BULL (BUY) RUN. We are nowhere near the top, so diversify your portfolio & take advantage! Huge buying momentum for the market over the past few weeks, showing you the possibility of which way Oil prices are heading.
Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
USOIL BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
USOIL pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 30m timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 74.10 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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WTI Crude Oil on the Verge of a Major Move**WTI Crude Oil on the Verge of a Major Move 🚀**
As you can see on the chart, WTI crude oil is currently in a symmetrical triangle pattern, indicating a potential breakout in either direction 🔺. This compression suggests that a significant move could be on the horizon.
Once the price breaks out of this compression, confirmed by a strong candle on the daily or weekly time frame, there could be great trading opportunities in the direction of the new trend 📈.
At the moment, the likelihood of a downward breakout seems higher. This is because, during the last bounce from the bottom, the price failed to reach the top of the triangle. Additionally, the 50 and 200 moving averages, shown on the chart, are flat, indicating a range-bound market 📉.
Keep a close eye on WTI to catch this potential big move and capitalize on the trading opportunities it presents!
Trend Analysis, Support and Resistance, Chart Patterns
#WTICrudeOil #TrendAnalysis #OilTrading #Tradecitypro #TCP
👉 Don't forget to like, comment, and share if you found this analysis helpful!
Buy OpportunityInstrument: USOIL
Position: Buy
Entry: 74.25
1st Target: 77.56
2nd Target: 82.40
Stop Loss: 71.69
Rationale:
USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors.
Targets:
Our primary target stands at 77.56, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at82.40, indicating further potential Upside momentum.
Stop Loss:
To manage risk effectively, a stop loss is placed at 71.69, just below the anticipated Support level. This ensures a controlled exit in case of unexpected market movements.
WTI Oil H1 | Potential bearish breakoutWTI oil (USOIL) is looking to make a bearish break below an overlap support and could potentially drop lower from here.
Sell entry is at 74.13 (wait for the 30-min candle to close below this level for confirmation).
Stop loss is at 75.10 which is a level that sits above an overlap resistance.
Take profit is at 72.81 which is a pullback support that aligns with a 78.6% Fibonacci retracement level.
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USOILThis setup presents a potential short opportunity on USOIL. The trade is based on the current market dynamics, suggesting a downside movement. The plan involves taking advantage of the anticipated price decline, with Entry, Take Profit, and Stop Loss levels clearly defined. Monitoring price action closely for confirmation before entering is advised. Always adhere to risk management practices to minimize potential losses.
USOIL Potential Uptrend Line Rejection At $74.19 29.08.2024Apply 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.
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Disclaimer
Potential bullish rise?WTI oil (XTI/USD) is reacting off the pivot, acting as an overlap support, and could rise to the 1st resistance.
Pivot: 75.31
1st Support: 72.63
1st Resistance: 78.30
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USOIL BULLISH OUTLOOKBullish Outlook: Some analysts suggest a bullish trend for USOIL, targeting around the $80.00 mark. This expectation is based on technical indicators like moving averages and the MACD, which show positive momentum. Additionally, the price has recently found support near $72.80 and is considered to be in a correction phase, potentially setting up for a rise if it holds above key level
USOIL - at support? What's next??#USOIL.. market just reached at his supporting area and importantnt thing is market closed his day candle above his supporting area.
That is around 73.90
Keep close that area because if market hold it then again bounce expected from here.
Good luck
Trade wisely
Probably no short trades..It may have some whipsaw space..
Still..
Chart speaks better..
Assuming sl approx 70.50-71$
USOIL BearishUSOIL is making a series of lower highs and lower lows i.e. bearish trend. There is no sign of divergence which means we can assume that trend will continue its course.
USOIL Will Go Lower From Resistance! Short!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 74.743.
The above observations make me that the market will inevitably achieve 72.884 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Market Analysis: Oil Prices Signal More UpsidesMarket Analysis: Oil Prices Signal More Upsides
Crude oil prices climbed higher above $76.00 before the bears appeared.
Important Takeaways for Oil Prices Analysis Today
- Crude oil prices extended gains above the $76.00 and $77.00 resistance levels.
- There was a break below a key bullish trend line with support at $75.80 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price started a major upward move from $71.35 against the US Dollar. The price gained bullish momentum after it broke the $73.60 resistance.
The bulls pushed the price above the $75.00 and $75.80 resistance levels. The recent high was formed at $77.18 and the price started a downside correction below the 50-hour simple moving average. The RSI dipped below the 50 level and the price broke the 23.6% Fib retracement level of the upward move from the $71.34 swing low to the $77.18 high.
There was also a break below a key bullish trend line with support at $75.80. Immediate support on the downside is near the $75.00 level.
The next major support on the WTI crude oil chart is near the $74.25 zone or the 50% Fib retracement level of the upward move from the $71.34 swing low to the $77.18 high, below which the price could test the $73.60 zone.
If there is a downside break, the price might decline toward $72.70. Any more losses may perhaps open the doors for a move toward the $71.35 support zone.
If the price climbs higher again, it could face resistance near $75.80. The next major resistance is near the $77.20 level. Any more gains might send the price toward the $78.80 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USOIL / UNDER BEARISH PRESSURE - 4H USOIL / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 77.73 .
Downward Condition : With the price holding steady at the current turning level at 77.73 , it is likely to decline towards the support level of 76.16. If it stabilizes below this level, it could then reach the next target level of 74.77 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 77.73, leading to a rise toward the resistance level (1) at 79.93 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 82.50 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 79.93 .
RESISTANCE LEVEL (2) : 82.50 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 76.16 .
SUPPORT LEVEL (2) : 74.77 .
TURNING LEVEL : 77.73 .
analyse usoilif you want entred now you need smal revision or big revision to entred sell
like and follow our profile for more signal for free good luck
Oil Extends Losses for Second SessionOil Extends Losses for Second Session
WTI crude oil futures fell below $75 per barrel on Tuesday, extending a 2.4% decline from the previous session amid concerns over weakening global demand and economic uncertainty.
Technical Outlook: The bearish trend is expected to continue toward the support zone at 72.72. A break below 71.78 would likely lead to further declines toward 69.78. There is a potential for a corrective move up to 75.35, but for a bullish reversal, the price needs to break above 75.35, which could open the way to 76.55 and 77.94.
Key Levels:
Pivot Line: 75.35
Support Levels: 72.72, 71.78, 69.78
Resistance Levels: 76.55, 77.94, 79.49
Today's Expected Range: The price is anticipated to move between support at 71.78 and resistance at 75.35.
Trend: Bearish as long as the price remains below 75.35.
US Crude for CPRCrude is making its way to the CPR of Fri 23rd August.
This price is 73.74.
This will coincide with today's S3 Pivot 73.76.
Oil Dip Buy (Trade Plans)Profit taking on oil has caused a dip back and a drop in price.
This came at key price action areas and as the 3%+ move was priced in (geo tensions/fed ease),
Looking for dip buys back up.
USOIL Downtrend Line Breakout At $75.72 24.08.2024Apply 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
Falling towards 50% Fibonacci support?WTI oil (XTI/USD) is falling towards the pivot which acts as an overlap support and could bounce to the pullback resistance.
Pivot: 75.31
1st Support: 73.99
1st Resistance: 77.28
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
OIL Short - Wouldn't it be funny?I mean... expect the unexpected right? Monday seems to have topped out the whole move while wednesday could be a potential conitnuation. Where would be the biggest pain point for longs?
PS: Prepare yourself to work with broader SL here, $78 is as well in play. But I like this current situation since I know that the majority is obviously long cause of our daily world drama and it just doesn't make sense to anybody that Oil could suddenly drop again?!
