Live heat map update DXY, XAG, XAU, WTI, DAX, NAS, S&P, DJ30Full update of my heat map for the day, showing all my analysis and discussion potential setups for the day. 14:00by TC888Published 0
US Oil 13 sep chart dataThis is a place where you can identify the possible movement in mentioned session. Entry activated only when a candle closes above or below the drawn level, And the next candle creates a wick down(for up movement) or up(for down movement) and breaks the candle high or low. When entry is activated SL will be below or above the 30 minute candle.by Ajo_madakasseryPublished 0
BULLISH BIAS ON UKOIL[ I anticipate a change of trend on Brent crude my point of interest was that supply if a break of structure occurred on that zone to the upside, I would look to enter on lower time frame retracement fade the market towards that supply as my primary target 72.786 Longby Nigel-K-WPublished 114
USOIL Potential DownsidesHey Traders, in today's trading session we are monitoring USOIL for a selling opportunity around 73 zone, USOIL is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 73 support and resistance area. Trade safe, Joe.Shortby JoeChampionPublished 5534
USOIL / TRADING SENSITIVE AREA - 4HUSOIL / 4H TIME FRAME HELLO TRADERS In the last chart as mentioned rising and reached +100 pip profit. Currently, prices are trading above 68.74. As long as they remain and stabilize above this level, a rise toward 69.98 is expected. To confirm an uptrend, prices need to break above 69.98, potentially reaching 71.59. On the downside, if prices stabilize below 68.74, a decline toward 65.35 is anticipated, and if they fall further below this level, they could reach 63.67. TURNING LEVEL : 68.74Shortby ArinaKarayiPublished 4
WTI CRUDE OIL(USOIL): Bullish ReversalUSOIL is poised for a potential rebound from a crucial intraday support level, as indicated by two robust confirmation signals on the 4-hour chart: a double bottom pattern and a breakout above the resistance of a falling wedge formation. This could propel the price upwards, targeting at least the 70.00 support level, suggesting a possible reversal in the current downtrend."Longby linofx1Published 5
US OIL Climbing As Short Side Profits TakenLarger short side activity has brought oil to key support levels noted. However, it is now gaining slight momentum which can help for new longs/dip buys. Long03:01by WillSebastianPublished 7
USOIL BEARS ARE GAINING STRENGTH|SHORT Hello, Friends! USOIL is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 66.69. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsPublished 111
CRUDE OIL / CORRECTION IMPULSEThis idea here is about Crude Oil swing trade. Oil confirmed its bullish intentions and came out of a bullish structure to move upwards for a short term.Longby PpetroeRPublished 1
USOILThis trading idea focuses on a long position for USOIL. The setup is based on a favorable market structure, indicating potential upward momentum. Key levels for entry, take profit, and stop loss are already determined and visible. This trade aims to capitalize on a bullish outlook, with the expectation of further price appreciation. Risk management is in place, ensuring protection against sudden reversals. Keep an eye on key support and resistance zones, as they may play a critical role in the success of this trade.Longby CryptoBullTradesPublished 0
TrendlineGet in the trade and enjoy the ride This is my personal view and I am not a financial advisor So do your own analysis before entering a tradeShortby sajanrai73392Published 0
USOIL D1 Analysis - Bearish Pair Name = USOIL Timeframe = D1 Analysis = technical + fundamentals Trend = Bearish Pattern = Symmetrical Triangle Details:- USOIL will keep following the bearish trend. Currently Facing a good Support. From this support level USOIL will Stay here for Few More day. It will Move Between the level 65 to 70. But when breakout confirm Price will hit 55 to 57 price level Shortby Alpha-GoldFXPublished 1
WTI CRUDE OIL: Best buy opportunity in more than a year.WTI Crude Oil is almost oversold on its 1D technical outlook (RSI = 36.459, MACD = -2.670, ADX = 29.899) and coupled with the the price breaching inside the S1 Zone, the market is giving the best long term buy opportunity in more than 1 year. The S1 Zone is in place since March 15th 2023. Additionally, the 1D RSI has made a Double Bottom (DB), which has a 100% success record out of 3 times since March 2023. Every rebound to the LH trendline (pattern is a long Descending Triangle) approached the 0.786 Fibonacci level. Our TP = 78.00. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScopePublished 12
Oil Price Analysis Key Areas To WatchOil price Analysis Key Area to Watch In this chart I explain current position of Oil and possible the sacaniro from a Weekly perspective. The short term trading chart are not showing any clear signals and the momentum For more details you will find in the chart 📈 Plz Support with like or comment if you Find This analysis useful for your Trading day ❤️by MrCharlie1Published 1146
OIL - OPEC CUTS & RecessionSince June 1st, 2023 I have been educating people on trading oil properly. OPEC cuts are never a reason to buy oil. The opposite is true, OPEC cuts mean the oil demand is maxed out for the world economy. Yet I had ignorant people tell me about EIA reports (which were worthless), My oil education was NOT educational, (because to them they can't analyze fundamentals beyond the last trade on oil price) or resort to intuitive INCORRECT sound bites that "less oil available = higher prices" ALL WRONG! Here is the link for your viewing pleasure time-stamped on TV. Fast forward to Sept 11 2024 and we can all now see I was 100% right! Oil went nowhere! OPEC Cuts did nothing to raise the price of oil. Not even a war in Russia and the Middle East could help raise the price of oil. Further underscoring how important the global economy is to Oil. Currently, there is a lot of pessimism about the future of the global economy. Rightfully so in my view. If you are an oil bull this is a good risk-reward point. If you are a bear You should not be shorting in the hole. It is always important to understand the difference between macro analysis and micro. Never mix the two. Remember I am a MACRO guy. by RealMacroPublished 228
RR = 2 Buy ideaprice bounce on previous support level + formation of a falling parallel channel + bullish crab pattern + strong Bullish RSI divergence : Potential reversal scenario PS never risk more tha 2% of your capital per trade Longby slim7Published 1
USOIL: Quick Buy Opportunity After Weekly Support BreakUSOIL has broken through a significant weekly green line support, presenting a potential buy opportunity for a quick retest of the previously broken zone. Watch for price action around this area to gauge the strength of any potential bounce or continuation. Interested in how this setup unfolds? Drop a comment and follow for more trade ideas and updates! Disclaimer: This is not financial advice. Always trade responsibly!Longby Remora_tradersUpdated 4
Oil continues to slide lowerCrude oil suddenly became a newsworthy talking point yesterday as Brent fell below $70 per barrel to trade at its lowest level since December 2021. Front-month WTI also fell again, taking it back to levels last seen in May 2023. No one is willing to stand underneath this torrent of selling, as significant buyers continue to stand aside, even after last week’s decline which saw Brent lose 10% and WTI 8% to record their worst week in eleven months. Having said that, prices are a touch firmer this morning on concerns that Tropical Storm Francine could disrupt supply. But the daily MACDs for both Brent and WTI show that oil has fallen even further into oversold territory and momentum remains to the downside. This downtrend, which began in April, reasserted itself in July and which has accelerated over the past fortnight, feels relentless. There has been no change in the dynamics which have driven prices lower: supply remains plentiful, while evidence of a slowdown in global demand growth continues to stack up. That won’t change just because the Fed stands ready to cut rates by 25 basis points. There will come a time when oil is ready to rebound. But timing that turnaround will require more luck than skill. Triggering it will require deep pockets. by TradeNationPublished 4
Hi, crude is following a pattern could take a support Crude is following a nice pattern also making a triangle pattern in weekly and monthly tf, could try to takes support at the lower tl or triangle low ,will try to give important levels below by omvats1Published 6
OIL/USDA falling wedge is a technical chart pattern formed by drawing two converging trendlines that slope downward. It is characterized by decreasing price highs and decreasing price lows, with the upper trendline having a steeper slope than the lower trendline. This pattern typically signals a bullish reversal after a downtrend, as it suggests that selling pressure is weakening and the market may be preparing for an upward move. Traders often look for a breakout above the upper trendline as a signal to enter long positions, with stop-loss orders placed below the lower trendline. As with any technical pattern, it's important to consider other indicators and factors before making trading decisions.Longby B9A-88652-NisarAhmadPublished 1
OIL, wave c reached 161% of wave aOIL, wave c reached 161% of wave a. Looking for long entry. ICMARKETS:XTIUSD Longby alapigaborPublished 0
USOIL / TRADING ABOVE SUPPORT LEVEL - 4HUSOIL / 4H TIME FRAME HELLO TRADERS The First Scenario , The support level at 65.35 acts as a critical threshold; as long as prices remain above it, buyers dominate, pushing the price towards 68.74 and then 69.98. This rise reflects increased confidence in an uptrend. For the trend to be fully confirmed, prices must stabilize above 69.98, signaling sustained momentum, which could lead to a further increase to 71.59. The Second Scenario , if the price breaks below 65.35 and stabilizes, it indicates a shift in market sentiment, with sellers gaining control and potentially driving the price down to 63.35, followed by 62.65 This technical analysis underscores the importance of price levels in predicting future market movements and investor behavior. UPWARD TARGET : 68.74 , 69.98 , 71.59 . DOWNWARD TARGET : 63.35 , 62.65 . Longby ArinaKarayiPublished 4