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US Crude Oil CFD

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USCRUDEOIL trade ideas

WTI CRUDE OIL: Buy opportunity on the 1D MA50.WTI Crude Oil is neutralizing the previously overbought 1D technical outlook (RSI = 69.520, MACD = 2.080, ADX = 64.888) as after crossing over the R1 level, it is pulling back under it. Technically this has been mirroring the March-August 2023 fractal and based on that, we should see this pull back almost reach the 1D MA50. A buy opportunity is waiting there and our target is the 1.618 Fibonacci level (TP = 86.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOIL
by InvestingScope
Oil Short 4HI’m excited to share my next setup for Oil. This trading idea is based on correction levels. The main idea area is between 80.35 and 80.25. However, since oil tends to react to the 50 levels, I prefer to focus on the 80.5 level for my entry. For the 4-hour entry, I am waiting for the formation of an M pattern with a lower peak at the second base. I’ll be looking to take scalp sell at the levels of 80.25, 80.35, and 80.5 for the first touches. after that, I'm going to wait for the confirmation to take the main Sell. Please note that, typically, upon the first collision, we could experience either an impulse or a rejection entry. At the second base, we should wait for a consolidation area to confirm our entry. For a better understanding of this setup, please refer to my previous oil chart. TP1: 79.9 TP2: 79.2 TP3: 77.4 SL: 81.35 Please remember that trading carries risks, and it's crucial to do your own research. The ideas shared here reflect my personal analysis and may not guarantee success. Always trade responsibly and consider seeking professional advice if needed. Happy trading!
TVC:USOILShort
by Persian_Traders_
2
USOIL Will Fall! Sell! Please, check our technical outlook for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 79.103. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 74.465 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!
FX:USOILShort
by SignalProvider
1
Crude rally continuesYesterday, front-month WTI reversed an early drift lower and surged to its highest level in six months, coming within 50 cents of $80 per barrel. So much for the expected consolidation, let alone a significant pullback. Crude oil is on course for a month’s-worth of back-to-back weekly gains, which is quite the recovery given the near-relentless selling pressure witnessed since April last year. It certainly appears that oil prices are breaking out of their long-term downtrend. But it could be that WTI’s first significant test is coming, with the possibility that $80 holds as resistance. If so, a failed break above this level could be the trigger for an overdue pullback. If so, the nature of this pullback should provide clues as to whether the rally can continue, or if that’s all the market can give. As things stand, the daily MACD is looking very extended to the upside. While this suggests that momentum still points higher, this is also pushing into an area from where reversals begin.
TRADENATION:WTI
by TradeNation
Bearish reversal off overlap resistance?WTI oil (XTI/USD) is reacting off the pivot and could drop to the 1st support which acts as a pullback support. Pivot: 80.45 1st Support: 79.18 1st Resistance: 81.86 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.
ICMARKETS:XTIUSDShort
by ICmarkets
Market Analysis: WTI Crude Oil Price Regains MomentumMarket Analysis: WTI Crude Oil Price Regains Momentum WTI Crude oil prices climbed higher above $77.00 and might extend gains. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI Crude oil prices extended gains above the $74.40 and $76.50 resistance levels. - There is a short-term declining channel forming with support at $76.00 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 $72.30 against the US Dollar. The price gained bullish momentum after it broke the $75.00 resistance and the 50-hour simple moving average. The bulls pushed the price above the $76.50 and $77.00 resistance levels. The recent high was formed at $77.82 and the price started a downside correction. There was a minor move toward the 23.6% Fib retracement level of the upward move from the $72.32 swing low to the $77.82 high. The RSI is now below the 50 level and there is a short-term declining channel forming with support at $76.00. Immediate support on the downside is near the $76.50 zone. The next major support on the WTI crude oil chart is near the $76.00 zone, below which the price could test the $75.05 level and the 50% Fib retracement level of the upward move from the $72.32 swing low to the $77.82 high. If there is a downside break, the price might decline toward $74.50. Any more losses may perhaps open the doors for a move toward the $72.30 support zone. If the price climbs higher again, it could face resistance near $77.05. The next major resistance is near the $77.80 level. Any more gains might send the price toward the $78.50 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.
FXOPEN:XTIUSD
by FXOpen
2