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CFDs on WTI Crude Oil

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USOIL trade ideas

USOILSeveral upcoming economic data prints could significantly affect oil prices: 1. OPEC+ Production Levels Impact: OPEC+ production cuts have been crucial in maintaining oil prices. Any changes to these cuts could influence supply and prices. Data Print: Announcements about extending or easing production cuts will be closely watched. 2. U.S. Crude Oil Inventories Impact: Changes in U.S. crude oil inventories reflect supply and demand imbalances. Lower inventories suggest stronger demand or reduced supply, potentially boosting prices. Data Print: Weekly inventory reports from the EIA will be key in assessing market conditions. 3. Global Demand Growth Impact: Stronger-than-expected demand growth, particularly from major consumers like China, could support higher oil prices. Data Print: Reports from the IEA and EIA on global demand growth will be important. 4. U.S. Sanctions on Major Oil Producers Impact: Sanctions on Russia, Iran, and Venezuela can disrupt global supply, potentially leading to price increases. Data Print: Updates on sanctions enforcement and their impact on oil exports will influence prices. 5. EIA Forecasts Impact: The EIA's forecasts for oil prices, production, and demand provide valuable insights into future market conditions. Data Print: The EIA's Short-Term Energy Outlook (STEO) reports will offer guidance on expected price trends. Brent Price Forecasts: The EIA forecasts Brent crude to average $74 per barrel in 2025, with prices potentially falling to $66 per barrel in 2026 due to increased global production and slower demand growth. U.S. Production: The EIA expects U.S. crude oil production to reach a record high in 2025, averaging 13.59 million barrels per day. These data prints will provide critical insights into supply and demand dynamics, influencing oil prices and market sentiment.
FX:USOIL
by Shavyfxhub
WTI Oil H4 | Bearish downtrend to extend further?WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 69.45 which is a pullback resistance. Stop loss is at 70.20 which is a level that sits above the 50.0% Fibonacci retracement and a pullback resistance. Take profit is at 68.46 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. 63% 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. 63% 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 Crude Oil at Critical Support – Rebound Toward 72$?TVC:USOIL has reached a key demand zone, which has historically provided strong support. The recent decline has brought the price back into this area, increasing the probability of a bullish reaction if buyers step in. The current market structure suggests that if the price confirms support at this level, we could see a rebound toward 72$, aligning with a corrective move after the recent sell-off. However, a break below this demand zone would invalidate the bullish bias and could lead to further downside. Traders should watch for bullish confirmation signals, such as rejection wicks, bullish engulfing candles, or increased buying volume, before considering long positions. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
TVC:USOILLong
by DanieIM
1
WTI Crude Oil (USOIL) – Bearish Momentum Below $70.49 WTI Crude Oil (USOIL) Analysis – February 24, 2025 WTI Crude Oil is currently trading at $70.18, and as long as the price trades below $70.49, the bearish momentum remains dominant. 🔻 Bearish Scenario (Active) ✅ The price failed to reclaim the pivot zone at $71.78, leading to continued selling pressure. ✅ A confirmed break below $70.49 indicates a potential drop toward $68.53 and $67.03 as the next bearish targets. ✅ The monthly support trendline around $67 - $68 will act as a key level to watch for a potential reaction. 🔹 Bullish Reversal (Invalid Unless Above $71.78) ⚠️ If the price closes above $71.78, we could see a potential pullback toward $72.72 and $75.00. ⚠️ However, the trend remains bearish while trading below $70.49, meaning any bullish movements will likely be corrective bounces rather than a full reversal. 📌 Key Levels to Watch 🔹 Resistance Levels: $71.78 | $72.72 | $75.00 🔹 Pivot Zone: $70.49 🔹 Support Levels: $68.53 | $67.03 | $66.20 🚨 Directional Bias: Bearish as long as the price stays below $70.49. Expect further downside pressure toward $68.53 - $67.03.
TVC:USOILShort
by SroshMayi
WTI Oil H4 | Intense bearish momentumWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 69.58 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 70.40 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance. Take profit is at 68.42 which is a multi-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. 63% 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. 63% 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 INTRADAY fears of slower energy demandEIA Crude Oil Inventories due in 3 hours, (15.30 GMT). A forecast is for 2.4M, the previous figure was 4.63M. The WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 7060, the 13th February swing low level. An oversold rally from the current levels and a bearish rejection from the 7060 level could target the downside support at 6850 followed by 6800 and 6715 levels over the longer timeframe. Alternatively, a confirmed breakout above 7060 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7145 resistance followed by 7194 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation
Are You Ready to Cash In BIG!Crude oil prices are approaching a major buying zone, and this could be your golden opportunity to enter the market before the next big move 💰 Are we about witness a massive rally? In this Chart I'll Break down key technical levels, market analysis, and trading strategies to help you capitalize on this setup. Your Ultimate destination for insights into Forex, Commodities, and Cryptocurrency trading. With over a decade of experience (FX Insight Hub) and his team focus on empowering traders through price action strategies, money Management, and trading psychology the essential pillars of success in today's market's.
TVC:USOILLong
by Peter_Wade
USOIL: The next target is $73It was clearly mentioned over the weekend that one could start buying crude oil after it dropped to $70. The price of crude oil reached a low of $68.5. Friends who followed my advice and bought crude oil have now started making profits in their accounts. The next target to pay attention to is $73. I will keep sending out accurate signals. In just one week, the account has made a profit and increased from 40K to 150K, and it is about to achieve the target of 200K. If you also need accurate signals or want to copy my trading orders, you can click on the link below the article to obtain them.
TVC:USOILShort
by Kill_the_dealer
Long USOIL: Targeting $70.20 Amid Bullish MomentumThe price of USOIL has recently bounced off a key support level, confirming a successful retest of the previous demand zone. The support level aligns with a significant price reaction area, reinforcing its strength. Additionally, the MACD indicator is showing a bullish crossover, signaling a potential upward momentum shift. Volume analysis indicates increased buying activity near the support zone, suggesting strong participation from buyers. Given these technical factors, a long position with a target of 70.2 is supported by confluence from multiple indicators and price action confirmation.
FX:USOILLong
by FtradeFXArabic
UOIL ANALYZE # 1. Is this the right time to take a short positioI missed the first opportunity(marked in a chart with an arrow) last Friday, but this chart is going on my watchlist to find another chance to take a short position. As you can see in the chart, the price fluctuates between 70.36 and 72.88 within the green rectangle range box.The last downtrend wave that broke the support level at 70.433 is very strong, and it began from the top of the range box. The target area marked on the chart is a key level and a very strong support for WTI. Actually, when the price broke the 70.40 support level, I could have taken a short position, but considering the stop-loss size, it was not easy to make a good gain. I'm going to wait for a price correction. If I find a sell setup, I'm going to take a short position.A lower low and lower high are going to be the next short trigger. Trading futures is always risky. Always do your own research and analysis. Do not forget the most important part: risk management. No one can predict how financial markets will behave with certainty.
FX:USOILShort
by ESsmaeel