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Oil - Crude (WTI)

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CL - Crude Oil confirmation and unwritten potentialHi guys, we are following up with probably one of our favourite assets to participate in. You guessed it right it's CL. Currently the Crude Oil is sitting in a very specific range , which has been traded since late August , until the end of October where we saw a big spike and got out of boundaries due to the escalation in Iran and Israel, of which after the cooling off we got back into the range of 73.00 as a strong resistance line , and 67.00 as a strong support. This range has made a lot of traders stay away from CL, but I do believe that there is potential to be caught. Current analysis and entry : Entry today at a level of 68.90 , with two targets of take profit : Target 1: 71.52 Target 2: 72.92 Now this is the bold move if you don't want to miss out on the current opportunity and your Risk Tolerance is on the higher end. If you want to be more protective and your Risk Tolerance is on the lower side, you can get a Pending Order at the level of 66.61 , and then enter 3 follow up targets Target 1: 68.50 Target 2: 71.05 Target 3: 72.45 P.S. My current opinion is to go with a current entry because the missing out of opportunity is too high ,hence we are seeing more tensions in Israel&Gaza conflict, additionally the tightening of the situation in Ukraine&Russia adds more Fundamental Value, towards a swing on an upside of the Crude Oil. Do let me know in the comments below or in my community what is your thought process and opinion about our favourite Black Gold! Happy Trading!
TVC:USOILLong
by DG55Capital
Potential bullish rise?USO/USD has reacted off the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could rise from this level to our take profit. Entry: 69.13 Why we like it: There is a pullback support level that line sup with the 50% Fibonacci retracement. Stop loss: 67.923 Why we like it: There is a pullback support level that lines up with they78.6% Fibonacci retracement,. Take profit: 71.51 Why we like it: There is a pullback resistance level that lines up with the 127.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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:USOUSDLong
by VantageMarkets
USOIL Will Go Higher! Buy! Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 70.58. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 72.27 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TVC:USOILLong
by SignalProvider
1
1012 USOIL is going to break the bottom, down target to 60?Hello traders, OPEC+ has announced a delay in its planned production increase, with the Organization of the Petroleum Exporting Countries and its allies postponing these plans until April of the following year. Additionally, the timeline for the eventual cancellation of the voluntary production cut of 2.2 million barrels per day has been extended from 12 months to 18 months. Following this announcement, crude oil futures experienced a slight decline on Thursday, reflecting a muted market reaction. According to a report by Gelber & Associates, despite the news, crude oil prices have remained within a stable range. The report highlights that in recent weeks, the potential for news to significantly influence crude oil prices has been notably high. As the year draws to a close, there is considerable uncertainty surrounding the Trump administration, which has contributed to a temporary reduction in oil price volatility. On the New York Mercantile Exchange, the settlement price for West Texas Intermediate crude fell by 0.4%, settling at $68.30 per barrel. Similarly, Brent crude futures on the Intercontinental Exchange in Europe decreased by 0.3%, reaching $72.09 per barrel. This environment reflects ongoing dynamics within the oil market, where geopolitical factors and economic policies continue to play critical roles in shaping price movements. But on the daily chart, usoil has very big problem to break through the downtrend red line and now is being rejected again from EMAs. Its very possible for usoil to break through the bottom support structure and make a new low. 61.74, FIBO ext 1.27 should be a target after usoil breaking though the bottom. Good luck! Less is more!
FX:USOILShort
by FUNTRADER-Vera
1
WTI Oil H1 | Rising into multi-swing-high resistanceWTI oil (USOIL) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 70.37 which is a multi-swing-high resistance. Stop loss is at 70.70 which is a level that sits above a swing-high resistance. Take profit is at 69.48 which is an overlap support that aligns with the 50.0% Fibonacci retracement. 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. 64% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 OILTrading WTI oil on monthly time frame gives a clue to price action, oil after a dramatic drop in price to 0.24 in 2020 due to demand and supply, oil rally saw it upswing to 128.70k in march 2022 before a sharp rejection by buyers . OPEC maintains control of price through demand and supply and inventories data print. US dollar affects oil price ,as a stronger dollar makes oil more expensive for buyers using other currencies, which can reduce demand and lower prices. the presidency of trump will strengthens the green back which will likely break oil demand floor in coming months. oil bench mark has been 65k-63k based on demand floor if broken oil could return to 23-30k zone as illustrated on the chart. OPEC timely price intervention can set up bullish rally for oil as well ,where it will likely break monthly descending trendline to challenge 100k zone
TVC:USOIL
by Shavyfxhub
WTI Oil H4 | Swing-high resistance at 50% Fibonacci retracementWTI oil (USOIL) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 69.85 which is a swing-high resistance that aligns with a 50% Fibonacci retracement. Stop loss is at 70.66 which is a level that sits above the 61.8% Fibonacci retracement and a swing-high resistance. Take profit is at 68.52 which is a swing-low 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. 64% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 Crude Oil: Mastering Price Action for Profitable Trades!TVC:USOIL ALEXGOLDDHUNTER Chart Analysis: WTI Crude Oil 1-Hour Timeframe Key Levels and Zones Support Levels: Around $68.70 - $68.80 $69.50 (Break of Structure - BOS) Resistance Levels: Around $70.00 $70.16 (Short 2022 Model) Fair Value Gap (FVG): Between $69.80 - $70.00 Indicators: RSI: 61.59 (neutral to slightly bullish) MACD: Shows bullish momentum with the MACD line above the signal line Volume: High trading activity around key levels Buy Strategy Entry Point: Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) near the support level around $68.70 - $68.80. Confirm the trend continuation with a Break of Structure (BOS) above $69.50. Stop Loss: Place a stop loss below the recent support level at around $68.50 to minimize risk. Take Profit: First target at the 0.5 Fibonacci level around $69.80. Second target at the Fair Value Gap (FVG) between $69.80 - $70.00. Sell Strategy Entry Point: Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) near the resistance level around $70.16. Confirm the trend continuation with a Change of Character (CHoCH) below $69.50. Stop Loss: Place a stop loss above the recent resistance level at around $70.30 to minimize risk. Take Profit: First target at the Break of Structure (BOS) level around $69.50. Second target at the support level around $68.70 - $68.80. VIP Signal Format (lowercase) entry: $68.70 - $68.80 (buy) tp1: $69.80 tp2: $70.00 sl: $68.50 entry: $70.16 (sell) tp1: $69.50 tp2: $68.70 - $68.80 sl: $70.30 Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Trading financial instruments involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Follow @Alexgoldhunter for more strategic ideas and minds
TVC:USOIL
by Alexgoldhunter
Drill baby, drill - oil price to follow down underground?Predicting the price of oil is risky business.. So many factors at play, and so many factors out of anyone’s control, influenced by world events and the actions of unpredictable players. So do your own research, base your decisions on your beliefs. Here’s my two cents. The US president elect has stated he will open the wells on drilling, fracking and anything else that can produce oil. Increased supply - reduced price. Tension between Iran and Israel will likely soften, in the way that Iran will think twice about retaliating the Israeli attack now that a more direct person is at the wheel in the US. That being said, his takeover is still a few months away, but the sitting President has now nothing to lose. And, we are heading into winter, with reduced gasoline demand. The attached chart shows a horizontal channel, however I don’t think that is relevant in this situation. World events take the driving seat, and I believe oil price will decent going forward.
CAPITALCOM:OIL_CRUDEShort
by WeRideAtDawn
Crude oil weighing demand concernsOn the other hand, crude oil is currently trading below the critical threshold of $70.00, reflecting growing concerns over demand due to disappointing economic data from China. This decline has sparked fears of reduced consumption in one of the world's largest oil markets, prompting traders to reassess their outlook. The technical landscape for crude oil shows notable support around **$65.00**, which traders will be watching closely. If prices continue to hold below **$70.00**, short positions may become increasingly viable as bearish sentiment prevails. Resistance at this level will need to be overcome for any bullish momentum to materialize. Given the current volatility in oil markets, it’s essential for traders to remain cautious and vigilant. Monitoring real-time economic indicators will be critical in making informed trading decisions as we navigate through these uncertain waters.
TVC:USOIL
by Exness_Official