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US Crude Oil CFD

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USCRUDEOILCFD trade ideas

Crude Oil (WTI): Breaking Down the Chart and Trading PotentialCrude oil, one of the most actively traded commodities globally, is displaying a potentially bullish setup on its chart. After a prolonged period of consolidation, WTI seems to be testing critical levels that could dictate its direction in the near term. Chart Breakdown Support Zone: The primary support zone lies between $6,600 and $6,900, which has acted as a strong accumulation area for buyers. A clear bounce from this level adds strength to the bullish outlook. Resistance Levels: The first major resistance to watch is at $7,130. This is the key breakout level that crude oil must surpass to confirm further upward momentum. Beyond this, a sustained breakout could take prices toward the next target at $7,725, which aligns with historical resistance levels. Possible Scenarios Bullish Case: A breakout above $7,130, coupled with sustained volume, could confirm the beginning of a fresh rally. The immediate target would be around $7,725, with potential for further upside if momentum persists. Bearish Case: On the other hand, a breakdown below $6,600 could signal renewed selling pressure. If this occurs, crude oil may slide toward lower levels, potentially revisiting $6,400 or beyond. Trading Plan Bullish Setup: Entry: Above $7,130 with strong buying volume. Target 1: $7,725 Stop-Loss: Below $7,000 Bearish Setup: Entry: Below $6,600 with confirmation of selling momentum. Target 1: $6,400 Stop-Loss: Above $6,800 Key Takeaways Crude oil is on the verge of a breakout from its consolidation phase, with critical levels identified for both bullish and bearish scenarios. Whether you're a short-term trader or a long-term participant in the commodity market, staying aligned with these levels could be the key to success. Where do you see crude oil heading next? Let’s discuss in the comments below! 📈📉 ⚠️ Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always conduct thorough research before making trading decisions. 💡 Boost & Follow to stay updated with the latest commodity insights and chart analyses. Let’s navigate the markets together! 🚀
FOREXCOM:USOILLong
by niveshIQ
US OIL PARRALEL CHANNEL ON SUPPORT AREAA parallel channel on US OIL on the 30-minute chart, and the price is currently testing the support area! Here are some key points to consider: # Key Points 1. Support Area: The current price is hovering around the support area, which could provide a bounce or a breakdown. 2. Parallel Channel: The 30-minute chart shows a parallel channel, indicating a potential trading range. 3. Bullish/Bearish Scenario: A bounce off the support area could indicate a bullish reversal, while a breakdown below the support area might suggest a bearish continuation. 4. Volume and Momentum: Monitor trading volume and momentum indicators to confirm the trend. # Trading Strategies 1. Long Position: Consider entering a long position if US OIL bounces off the support area, with a target at the upper line of the channel. 2. Short Position: Consider entering a short position if US OIL breaks below the support area, with a target at the next support level. 3. Set Stop-Loss: Place a stop-loss order below the support area (for long positions) or above the upper line of the channel (for short positions). # Additional Tips 1. Combine with Other Analysis: Use the parallel channel analysis in conjunction with other technical and fundamental analysis tools. 2. Monitor Market Sentiment: Keep an eye on market sentiment and adjust your strategy accordingly. 3. Risk Management: Always prioritize risk management by setting stop-loss orders and limiting position sizes.
TVC:USOILLong
by FXBELLA001
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
USOIL Is Very Bearish! Short! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 70.339. Taking into consideration the structure & trend analysis, I believe that the market will reach 69.359 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
VANTAGE:USOUSDShort
by SignalProvider
1
Bearish drop?USO/USD is reacting off the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could drop from this level to our take profit. Entry: 70.64 Why we like it: There is a pullback resistance level that lines up with the 127.2% Fibonacci extension. Stop loss: 71.66 Why we like it: There is a pullback resistance which lines up with the 127.2% Fibonacci extension. Take profit: 69.35 Why we like it: There is a pullback support level. 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:USOUSDShort
by VantageMarkets
1
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
USOIL Set To Fall! SELL! My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 69.50 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 69.04 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
TVC:USOILShort
by AnabelSignals
1
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
Hellena | Oil (4H): Short to support lvl 63.5 (Wave 3).Colleagues, the last forecast is still active, but I thought it was worth doing another one that will show more clearly what is happening now. In my opinion, the price is still in wave “2” of low order, but in a three-wave correction. This means that wave “2” (black, lower wave) should not update the level of 73.114, but it can update 71.695, although this condition is not necessary. As a result, I still believe that the price will continue its downward movement, although it is in a prolonged correction. There are 2 possible courses of action: 1) The riskier one is to open a short position on the market. 2) Conservative - wait for the price to rise, and enter with less risk. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
15
Market Analysis: Crude Oil Price Faces HurdlesMarket Analysis: Crude Oil Price Faces Hurdles Crude oil prices are now struggling to clear the $70.00 and $70.50 resistance levels. Important Takeaways for Oil Prices Analysis Today - Crude oil prices extended downsides below the $70.00 support zone. - A major bearish trend line is forming with resistance near $70.00 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 struggled to continue higher above $70.50 against the US Dollar. The price formed a short-term top and started a fresh decline below $70.00. There was a steady decline below the $69.40 pivot level. The bears even pushed the price below $69.00 and the 50-hour simple moving average. Finally, the price tested the $68.35 zone. The recent swing low was formed near $68.36, and the price is now correcting losses. There was a minor move above the 50% Fib retracement level of the downward move from the $70.50 swing high to the $68.36 low. On the upside, immediate resistance is near the $70.00 level. There is also a major bearish trend line forming with resistance near $70.00. The trend line is close to the 76.4% Fib retracement level of the downward move from the $70.50 swing high to the $68.36 low. The next resistance is near the $70.50 level. The main resistance is near a trend line at $70.90. A clear move above the $70.90 zone could send the price toward $72.00. The next key resistance is near $72.50. If the price climbs further higher, it could face resistance near $74.20. Any more gains might send the price toward the $75.00 level. Immediate support is near the $69.40 level. The next major support on the WTI crude oil chart is near $68.85. If there is a downside break, the price might decline toward $68.35. Any more losses may perhaps open the doors for a move toward the $66.00 support zone. 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