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US Crude Oil CFD

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USCRUDEOILCFD trade ideas

crude oil shortcrude oil short hello i m Roddy01 given the limited number of posts I will not post all my signals and results here 💎Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position ⛔️INSTRUCTIONS 1: Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss ⛔️INSTRUCTIONS 2: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20
CAPITALCOM:OIL_CRUDEShort
by RODDYTRADING
Crude oil - consolidation?Crude oil has pulled back a touch this morning with front-month WTI trading around $77. It could be that the market is ready to consolidate after a significant bull run, which began just before Christmas. WTI is up 12% since 20th December, and 15% from its last significant low point, hit earlier that month. A bounce in crude prices has been overdue for a while now, given the downtrend which has been playing out ever since prices peaked in early 2022, soon after Russia’s invasion of Ukraine. Since then, front-month WTI has held above $65 per barrel on a daily closing basis. So, while this latest rally may see crude break out of its downtrend, it remains within sight of that multi-year low. Last year, crude prices came under constant selling pressure as the outlook for global demand growth was repeatedly revised down. China’s economic slump following its property bust was the main driver of these revisions. It remains to be seen if promises of monetary and fiscal support from Chinese authorities will prove substantial enough to improve this dynamic. Currently, crude is getting a boost from the cold weather across Europe and parts of the US, as well as from fresh US sanctions on Russian oil sales.
TRADENATION:WTI
by TradeNation
Navigating the Oil Market volatile prices Crude oil prices have been on a roller coaster ride in recent times, influenced by a multitude of factors, including geopolitical tensions, economic indicators, and OPEC+ production decisions. Let's break down the key elements affecting the current oil market: The Russia-Ukraine War and Sanctions The ongoing conflict between Russia and Ukraine has been a significant driver of oil price volatility. Russia is a major oil exporter, and the Western sanctions imposed on the country have disrupted global supply chains. This has led to supply concerns and consequently, higher oil prices. OPEC+ Production Cuts The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) have been actively managing oil production levels to stabilize the market. Their decision to cut production has had a direct impact on increasing oil prices. This move aims to balance supply and demand, ensuring oil prices remain at profitable levels for member countries. US Oil Production and Inventory Levels The United States is a major oil producer, and its production levels and inventory change s influence global oil prices. While US production has increased, it hasn't been enough to offset the supply disruptions caused by the Russia-Ukraine conflict and OPEC+ production cuts. Lower US oil inventories have also contributed to the upward pressure on prices. Oil Algorithmic Traders Loosen Grip on Market After Back to Back Annual Losses Gusgraph.com Global Economic Recovery and Demand The global economic recovery from the COVID-19 pandemic has led to increased demand for oil. As economies reopen and travel picks up, the demand for fuel has surged, putting upward pressure on oil prices. Other Factors In addition to the above factors, other elements such as geopolitical tensions in the Middle East, currency fluctuations, and speculative trading can also impact oil prices. In conclusion, the current oil price surge is a result of a complex interplay between geopolitical events, supply and demand dynamics, and economic indicators. The Russia-Ukraine conflict, OPEC+ production cuts, and robust global economic recovery are the primary drivers pushing oil prices higher. Navigating the Oil Market: A Day Trader's Guide The oil market is a dynamic and complex arena, presenting both significant opportunities and formidable challenges for day traders. Understanding the key drivers of oil price fluctuations is crucial for developing effective trading strategies. Key Factors Influencing Oil Prices: Geopolitical Events: The ongoing conflict in Ukraine and the resulting sanctions on Russia have significantly disrupted global oil supply chains. Geopolitical instability in the Middle East, a major oil-producing region, can also trigger price volatility. OPEC+ Production Decisions: The decisions of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) regarding production cuts or increases have a direct and significant impact on oil prices. Global Economic Growth: Strong economic growth translates to increased demand for energy, driving up oil prices. Conversely, economic slowdowns can lead to lower demand and lower prices. US Oil Production and Inventories: Changes in US oil production and inventory levels play a crucial role in influencing global oil prices. Currency Fluctuations: The value of the US dollar against other major currencies can impact oil prices, as oil is typically priced in US dollars. Day Trading Opportunities in the Oil Market: The volatile nature of the oil market presents several trading opportunities for skilled day traders: Identifying Trends: Identifying and trading with the prevailing trend (uptrend, downtrend, or sideways) is crucial. Technical analysis tools like moving averages and trend lines can be valuable in this regard. Capitalizing on News Events: Anticipating and reacting to news events, such as OPEC+ meetings, geopolitical developments, and economic data releases, can provide significant trading opportunities. Volatility Trading: High volatility periods can create short-term trading opportunities, but require careful risk management and a robust trading plan. Scalping: Scalping involves taking small profits on small price movements. This strategy requires quick decision-making and a deep understanding of market dynamics. Key Considerations for Day Trading Oil: High Volatility: The oil market is known for its volatility, which can present both significant opportunities and risks. Risk Management: Implementing strict stop-loss orders and position sizing strategies is crucial to manage risk effectively. Fundamental Analysis: Stay informed about geopolitical events, economic data, and industry news to make informed trading decisions. Technical Analysis: Utilize technical indicators such as moving averages, RSI, and MACD to identify entry and exit points. Emotional Control: The volatile nature of the oil market can trigger emotional responses. It's crucial to maintain discipline and avoid impulsive trading decisions.
EIGHTCAP:USOUSD
by Gusflier
WTI Crude Oil on a daily timeframe (D1). Here's a detailed breakKey Elements in the Chart: Price Movement: The price is currently at $76.23, showing a bullish move of +2.67%. There is a visible uptrend after bouncing off a support zone. Key Levels (Green Horizontal Lines): $72.95: A significant support level. $82.00, $84.28, $86.64, $88.92: Potential resistance levels, with $88.92 being the upper target. Descending Trendline: A long-term descending trendline acts as resistance, and the price appears to be breaking out or retesting this line. Target Zone: Marked in yellow, indicating a potential short-term target where the price may consolidate or face resistance. Wave Analysis: Labeled "a," "b," and "c," it represents a corrective or impulsive wave structure, suggesting a move towards higher levels. Gray Box (WCL): A key area of accumulation or support, possibly a weekly close level (WCL), where significant buying interest occurred. Projection: The white arrow indicates a potential bullish continuation towards higher resistance levels. A pullback might occur near the green zone before the next leg up. Observations: Bullish Momentum: The breakout above resistance suggests further upward movement, provided the price stays above $75.37–$74.54. Next Resistance: The target is likely $82.00–$84.28 if the breakout is confirmed. Pullback Scenario: If the price fails to hold the breakout level, a retest of the WCL zone or $74.54 is possible. Strategy: For Buyers: Look for confirmation of the breakout above the trendline and target higher resistance levels. For Sellers: Watch for signs of exhaustion near the target zone or resistance areas.
TVC:USOIL
by absiko
Confluence of an AB=CD pattern , a Bull flag and Wyckoff spring The best trade is the hardest trade, you have to be patient enough to let the trade develop and pull the trigger without hesitation. AB leg formed with a small retracement that led to a coiling pattern the bull flag, Wyckoff spring (bear trap) formed at C and then price broke the accumulation zone with a retest of trend line and that triggered an entry for a BUY with a CD measured move profit target. Now looking to sell at D or at 1.27 or at 1.618 fib extension levels. Only taking a sell if signs of exhaustion are visible.Price can continue up. Always trade what you see and practice sound money management.
TVC:USOILLong
by ChasuraGold
WTI crude oil Wave Analysis 9 January 2025 - WTI crude oil reversed from support level 72.25 - Likely to rise to resistance level 74.60 WTI crude oil recently reversed up from the key support level 72.25 (former resistance from October and November, as can be seen below). The upward reversal from the support level 72.25 continues the c-wave of the active ABC correction 2 from the middle of November. WTI crude oil can be expected to rise in the active minor c-wave to the next resistance level 74.60, coinciding with the resistance trendline of the narrow daily up channel from last month.
FX_IDC:USDWTILong
by FxProGlobal
WTI - The fate of oil with Trump's policies!WTI oil is above the EMA200 and EMA50 in the 4-hour time frame and is moving in its upward channel. In case of a downward correction towards the demand zone, the next opportunity to buy oil with a suitable risk reward will be provided for us. Being in the supply zone of oil will provide us with the possibility of selling it with reimport at a suitable risk. The price of US crude oil futures (WTI) reached $75 per barrel, marking its highest level in the past three months. According to the American Petroleum Institute (API), US oil inventories dropped by 4 million barrels last week. If this reduction is confirmed by official data, inventories would reach their lowest levels since 2014. The severe cold in the United States has increased fuel demand and heightened risks of production disruptions, while Europe is also facing harsh winter conditions. Meanwhile, the Trump administration’s tighter sanctions on Iran, combined with a global supply reduction and persistent cold weather, could pave the way for further increases in oil prices. Last year, crude oil prices declined due to weak demand from China and oversupply. Market analysts predict that oil prices will remain under pressure in 2025. In its November report, the International Energy Agency projected that global oil demand would grow by less than one million barrels per day in 2025, a significant decline compared to the two-million-barrel-per-day increase seen in 2023. The Commonwealth Bank of Australia (CBA) forecasts that Brent crude prices will drop to $70 per barrel this year due to expectations of increased oil supply from non-OPEC+ countries, which could offset global consumption growth. In a December note, BMI stated that the global oil market would likely face an oversupply in the first half of 2025 as new and substantial production from the US, Canada, Guyana, and Brazil enters the market. However, if OPEC+ implements its voluntary production cut plans, this oversupply could exert even more downward pressure on prices. BMI also highlighted that the outlook for global demand in 2025 remains unclear, stating, “Global demand for oil and gas continues to face uncertainty, with sustained economic growth and rising fuel consumption potentially offset by the impacts of trade wars, inflation, and declining demand in developed markets.” Additionally, the recent disruption of Russian gas flows to several European countries by Ukraine on the first day of the new year has added further uncertainty to global markets. As long as this situation persists, gas prices are expected to remain elevated. Citi Bank also noted that colder weather in the US and Asia during the remaining winter months could keep prices at high levels. According to the Financial Times, Donald Trump, who will assume office on January 20, is set to take control of one of the most powerful economic governance tools, capable of significantly enhancing America’s influence abroad. This tool is unmatched since the Cold War. However, the US economic framework remains flawed due to poor coordination and conflicting political priorities, presenting Trump with significant challenges in developing and implementing it. Unlike Joe Biden’s efforts to create a multifaceted geopolitical approach similar to China’s, the US economic framework suffers from issues in coordination and goal-setting.
TVC:USOIL
by Ali_PSND