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US Crude Oil CFD

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USCRUDEOILCFD trade ideas

Crude Oil Analysis Based on Chart (Double Bottom Breakdown)Technical Overview: Pattern Formation: The chart suggests a double bottom breakdown setup. A double bottom is typically a bullish reversal pattern, but if the price breaks below the support (previous lows), it invalidates the bullish expectation and turns into a bearish breakdown scenario. Breakdown Confirmation: The neckline (previous low) is crucial in determining whether the pattern will hold or break. If the price sustains below this support, a downward move is likely to continue. Target Calculation: The expected target is derived by measuring the distance between the swing high and the double bottom support, then projecting it downward from the breakdown point. According to the chart, this calculation aligns with a target near $60. Volume Analysis: Increased volume during the breakdown would provide stronger confirmation that the pattern is valid. If volume is low, the breakdown might be a false signal, leading to a potential reversal. Key Levels to Watch: Breakdown Level: The double bottom's support level. Resistance Area: The recent swing high. Target Zone: Around $59 (measured move projection). Invalidation Point: A sustained move above the previous resistance zone would invalidate the bearish outlook. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Traders should conduct their own research and consult with a financial professional before making any trading decisions. Market conditions can change, and risk management is essential when implementing any trade strategy.
FX:USOILShort
by shiva560060
WTI OIL turned the 4H MA50 into Support and aiming higher.WTI Oil (USOIL) has broken above the bearish trend of the former Lower Highs and a Channel Up emerged. The 4H MA50 (blue trend-line) broke for the first time in almost a month and has now been turned into Support. As long as this holds, we expect Oil to target the 4H MA200 (orange trend-line) at $70. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTILong
by TradingShot
Next Week's Trading Blueprint for USOILThis week, U.S. crude oil closed at $67.18, with a weekly increase of 0.2%. Next week, there is sufficient upward momentum. The United States has tightened sanctions on Iran, and there is a risk of supply contraction. Moreover, the decline in U.S. gasoline inventories far exceeds expectations, indicating strong demand. Technically, if the key resistance level of $69.00 is breached, an upward space will be opened, and the bullish forces are expected to push up the price of U.S. crude oil. USOIL Trading Strategy for Next Week: buy@ 65-66.5 tp:69-70 I firmly believe realized profit and a high win - rate are the best measures of trading skill. Daily, I share highly precise trading signals. These include clear entry points, stop - loss levels for risk control, and profit - taking targets from in - depth analysis. Follow me for big financial market returns. Click my profile for a trading guide on trends, strategies, and risk management.
TVC:USOILLong
by JohnGonzalez7
1
can OIL change its trend?as soon as a bullish divergence appeared on RSI the price sustained as last LL was not broken and we can also see a formation of support level there. Apart from this currently the price is breaking the bearish trendline, I have drawn resistance on the 68.32 level which has been tested a couple of times. If the price breaks this level this would indicate a bullish trend. A buy stop or buy limit order can be placed later would be applicable if price comes back for retest
TVC:USOILLong
by faisal-101
Oil Short - 11RA good opportunity to short Oil has come up. There is a bear flag on the 4H timeframe…now potentially forming a retest wedge pattern into the point of interest I have marked out. This is a 1:11.44 R trade and if held to $60.50 which is where I think Oil is heading to by May, then it is an 80R opportunity- though I do think it best to take most of the profits off at the conservative target market out as it could create continuing forming this bear flag higher up. Risk to reward rating for target 1: 7/10 Chance of success if it follows path: 7/10 Overall rating 7/10 Risk to reward rating for target 2: 10/10 Chance of success: 3/10 Overall rating: 7/10
TVC:USOILShort
by TipsOfPips
Potential bearish drop?USO/USD has reacted off the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 68.43 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 69.26 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Take profit: 66.46 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
USOIL Analysis of TodayThe global economic situation has a significant impact on the demand for crude oil. During periods of economic prosperity, industrial production and transportation activities are frequent, leading to an increase in the demand for crude oil, which in turn drives up the price of USOIL. For example, during the period of rapid development of emerging economies, the demand for energy was robust. When there is an economic recession, the demand decreases, and the price may drop. Just like after the global financial crisis in 2008, the demand for crude oil plummeted sharply, and the price also crashed accordingly. In terms of supply, the changes in production output of major oil-producing countries are of vital importance. The adjustment of production capacity and production disruptions in major oil-producing countries such as the United States, Saudi Arabia, and Russia will all affect the global crude oil supply. For instance, the development of the shale oil industry in the United States has significantly increased the country's crude oil production, having a major impact on the global crude oil market supply pattern. 🎁 Buy@66.90 - 67.00 🎁 SL 66.80 🎁 TP 67.15 - 67.20 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad If you also aspire to achieve financial freedom，Follow the link below to get my daily strategy updates
FOREXCOM:USOILLong
by BenGray9
USOIL:The latest trading strategyThe price of WTI crude oil futures has risen slightly, and the market is currently in the process of bottom - building. The price briefly broke through last week's high of $67.94, reaching an intraday high of $68.37 before pulling back. The market remains in a "sell - on - rally" mode. After the higher opening, there is a probability that the crude oil price will stabilize at a lower level. For the subsequent trading strategy, short - selling is worth considering. USOIL Trading Strategy: Sell@67.7-68.3 TP:66-65
TVC:USOILShort
by UnknownUnicorn91242686
USOIL Will Go Higher From Support! Long! Please, check our technical outlook for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 67.592. Considering the today's price action, probabilities will be high to see a movement to 71.123. 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILLong
by SignalProvider
1