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Oil - Crude (WTI)

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OIL_CRUDE trade ideas

Weekly outlook August 26-30 $USOILAlthough, previously bearish on oil, i am open to the idea of a breakout from the ascending triangle. If geopolitical tensions escalate in the middle east, TVC:USOIL prices can serve as a proxy to this conflict. However, as per previous forecast, if geopolitical tensions do not escalate - i dont think they will personally - then 67$ oil is still on the table. Its also important to note that TVC:USOIL also serves as a proxy of economic activity - hence why I include it in weekly outlooks. Weaker TVC:USOIL = weaker demand for oil = weaker economic activity.
TVC:USOIL
by SolenyaResearch
USOUSD (WTI Crude) strong bullish move likely … week of 26 AugA ‘hammer candle’ is one of my favorites and we can see a nice one in the weekly chart of oil. It also appears at a major support (73.00) and at a rising trend line. If you are not a fan of the hammer candle like I am, just look left on my chart and see what happened in the past when this candle appeared. But “when” to trade is always a question, directional bias is only a part of our decision making. I will, first of all be looking for USD weakness and CAD strength (correlation). Monitoring PA on the H4 and H1 is always a good idea too. Evidence of bullish PA would justify taking a long trade. However, if a move to the downside forms, that would negate my analysis. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
EIGHTCAP:USOUSDLong
by Trading_Vista
USOIL, dailyOil prices rose after an Israeli strike on Hezbollah targets in Lebanon heightened Middle East tensions, with Brent approaching $80 a barrel and West Texas Intermediate surpassing $75. Despite the escalation, oil fundamentals remained relatively stable, with volatility staying below earlier peaks and options skewing toward puts, indicating a bias toward lower prices. Expectations of U.S. interest rate cuts have also boosted market sentiment, however, caution remains regarding OPEC's plans to increase output, which could limit further price increases. Overall, the outlook for oil prices is bullish due to geopolitical risks and technical support, but caution is advised due to potential market volatility from OPEC actions and the situation in Gaza. On the technical side, the price has found sufficient support on the lower band of the Bollinger bands around the $72 area and has since rebounded to the upside. The Stochastic oscillator is not near the overbought level hinting that the recent minor bullish trend has still the potential to extend in the short term with the area of $78 being the major resistance level for now consisting of the 50% of the daily Fibonacci retracement level, the upper band of the Bollinger bands as well as the 50 and 100-day moving averages.
TVC:USOIL
by Exness_Official
Oil analysis for the upcoming periodOil has been kind of wiggling for the past 2 months.. July and August... moving towards the most important price "78.3-78.4" which is the APL, average price line since the start of the year and getting rejected from there. In the picture shard u can see very clearly that price is getting rejected 1,2, and 3 times from there, and automatically moving towards the bottom of the channel which is around 71.4. Now talking about 71.4, this is a quarterly liquidity area... wouldn't t be surprise to see prices rallying from there as we have just witnessed. I will be expecting oil to reach 76 by today where it will struggle a little bit before continuing the upside move. 3 main levels that I will be watching during our move up would be 76.5, 77.6 and 78.4. We will need to break through those 3 levels for an upward continuation towards 79.6 (major resist) and 80.4. Retracements to 74.6 and 73.9 are very possible from the current levels before pumping upwards. Targets for this week would be 77.4 and 78.4 if this strong bullish momentum persists. any kind of rejections from the 3 mentioned levels up would incur a dip again in oil prices. Trade Safe and Green!
CAPITALCOM:OIL_CRUDE
by T_Shelby_01
USOIL OverviewUSOIL has HIGH VOLUME long candles, looking to reach the 78 - 80 range. It has recently broken through multiple support zones with HIGH VOLUME, showing that USOIL is likely to increase further in the coming days. I'm looking for it to enter back into the support zone, and we will see if it bounces or rejects and breaks lower. It could, on the other hand, not bounce at all and increase straight to the 78 - 80 range, where I will be looking for shorting options at the RESISTANCE level.
TVC:USOIL
by I3ig_Trades
USOIL H4 | Potential bearish reversal at 61.8% FibonacciWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 76.80 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 78.80 which is a level that sits above the 78.6% Fibonacci retracement level and a pullback resistance. Take profit is at 73.50 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
WTI is less affected by conflictAs tensions in the Middle East continue to emerge, oil prices may continue to be supported by short-term geopolitical risks. However, this sudden impact is gradually easing. Next, crude oil traders should still pay attention to the Federal Reserve's upcoming policy decision and further developments in the Middle East. Ceasefire talks in Cairo between Israel and Palestinian militia Hamas went ahead as scheduled on Sunday, showing relative calm after the exchange of fire. Israel eased security restrictions in the country on Sunday evening, hours after previously declaring a state of emergency and closing the main airport. Although the Middle East supplies about a third of the world's crude oil, oil market fundamentals have not been significantly affected by this conflict. Mainly for crude oil traders, they will still need to pay attention to the principle of supply and demand in the market "usually regulated by OPEC", and monetary policies related to USD when WTI crude oil is traded. priced in USD. Geopolitical risks and expectations that the Federal Reserve may cut interest rates next month combined to push WTI crude oil prices to a recovery late last week. In a speech at Jackson Hole on Friday, Federal Reserve Chairman Jerome Powell gave the clearest signal yet that the job of containing inflation is complete, saying “the time has come for change.” policy", reinforcing market expectations of a possible interest rate cut next month. On the daily chart, TVC:USOIL is still limited by pressure from the 21-day moving average (EMA21) and is still in a falling price channel. Although WTI crude oil has recovered significantly, current technical conditions are still more bearish than bullish, with a new bearish cycle possibly being ushered in as it falls. below the 0.236% Fibonacci retracement level, and the latter target is 72.32 in the short term and above that is 71.68SUSD. Meanwhile, for WTI crude oil to have enough bullish conditions, it would at least need to break above the technical level that acts as horizontal resistance at 77.58USD confluence with the upper edge of the price channel, then the short-term target is around 78.11USD and more than 79.62USD. The relative strength index (RSI) is showing signs of bending after recovering to the 50% level and this should be seen as a signal that there is still further downside ahead. During the day, the technical outlook for WTI crude oil is more bearish and notable levels are listed below. Support: 74.71 – 72.32SUSD Resistance: 75.66 – 76.59 – 77.58USD
TVC:USOIL
by Xayah_trading
USOIL Potential Resistance Breakout At $75.67 26.08.2024Apply 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
USOIL: Using Probabilities to Identify Long OpportunitiesThe global oil market is currently experiencing several factors that support a bullish outlook for USOIL. Ongoing geopolitical tensions in key oil-producing regions have raised concerns about potential supply disruptions. Additionally, recent data suggests a tightening of global oil inventories, which could lead to upward price pressure. Economic recovery in major economies is also driving increased oil demand. In line with this bullish bias, I plan to use probability-based strategies to enter long positions in USOIL. By analyzing market trends and technical indicators, I aim to identify high-probability entry points for potential upward price movements 12M: 2W: 8H:
TVC:USOILLong
by Jasminex1x2
USOil Bullish structure is forming**Monthly chart** Last month's candle was bearish after sweeping liquidity from 84.5 level and then pushed lower for around 1,000 pips. This month's candle (August) which is still active, continued its moves lower and pushed USOil price to the 71.44 level before it took off higher. **Weekly Chart** Last week USOil price closed after forming a bearish candle, however, it tested and swept liquidity below the August 5th weekly candle before changing the structure from bearish to bullish. Note that USOil price has been moving within a range from 80 to 72 levels since 22 July 2024. **Daily Chart** USOil started a bullish structure on daily and lower time frames last week after pausing around the key level which created a manipulation candle (or Order block) before the strong rally to the upside. This week, I will be looking for a bullish structure to buy the dip as the market retraces to IPA (or FVG) on lower time frames (ie. H4 and H1). The next Target is 77 and then 80 levels.
FX:USOILLong
by PropSignals
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