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USOILSPOT trade ideas

USOIL UPWARDS USOIL Trading Signal: BUY Entry Point: 74.11 Take Profit Targets: 1. 74.80 2. 75.50 3. 76.50 Stop Loss Point: 73.10 --- Trading Principles: 1. Continuous Learning: Regularly enhance your knowledge and refine trading strategies to adapt to shifting market dynamics. 2. Risk Management: Avoid risking more capital than you are prepared to lose. 3. Use Stop-Loss Orders: Protect your investment by setting a clear stop-loss point to limit potential losses. 4. Diversify Investments: Spread your trades across different assets to reduce overall risk. 5. Set Clear Targets: Define realistic take-profit levels before entering the trade. 6. Stay Informed: Monitor market news and economic events that might influence crude oil prices. 7. Review Performance: Analyze your trade history to identify areas for improvement and build on successful strategies. 8. Maintain Discipline: Stick to your trading plan and avoid making impulsive decisions. 9. Focus on Risk-Reward: Ensure that potential rewards outweigh the risks for every trade. 10. Exercise Patience: Allow your strategy to play out without emotional interference, maintaining a long-term perspective. Trading involves risks. Always make decisions based on careful analysis and sound judgment.
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by EXPERT117Ai
9
USOIL Will Go Down From Resistance! Short! Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 76.573. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 72.081 level. 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!
FShort
by SignalProvider
1
CRUDE OIL // long after correctionThe market has managed to stay above the monthly impulse base (orange), and the weekly/daily has turned up. The daily has reached the target fibo 138.2 with an impulse, therefore, I expect a countertrend here on H4/H1, and I want to go long after that countertrend breaks. The target is the monthly breakdown and the daily target fibo 200. ——— EXPLAINING COLORS Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated. Level colors: H4 - aqua Daily - blue Weekly - purple Monthly - magenta ——— Stay grounded, stay present. 🏄🏼‍♂️ <<please boost 🚀 if you enjoy💚
FLong
by TheMarketFlow
WTI highest in more than 3 weeksTVC:USOIL hit its highest level in more than three months in early trading on Monday (January 13) in Asian markets, continuing last Friday's rise on market expectations that the United States will strengthen its measures. sanctions on Russia's oil industry, which will result in Russian supplies in China and India coming under pressure; In addition, the nonfarm payrolls report also boosted market confidence in the growth of crude oil demand in some parts of the US and Europe also stimulated winter crude oil fuel demand. The Biden administration on Friday imposed the broadest package of sanctions targeting Russia's oil and gas revenues, a move aimed at giving Kyiv and Trump's new team leverage to reach a peace deal in Ukraine. This move is aimed at cutting Russia's revenue to continue the war. Since the Russia-Ukraine conflict began in Russia in February 2022, the war has caused tens of thousands of casualties and reduced many cities to rubble. Ukrainian President Zelensky posted on X that the measures announced last Friday would "deal a big blow" to Moscow. He added that "The less money Russia gets from oil... the sooner peace will be restored." US job growth unexpectedly accelerated in December, the unemployment rate fell to 4.1% and a stable labor market at the end of the year will boost crude oil demand. Friday's closely watched Labor Department jobs report also showed fewer long-term unemployed people in December and the average length of unemployment shortened. Increases in these indicators have previously raised concerns about a labor market downturn. December employment rose 256,000, the most since March. Data for October and November were revised to show 8,000 fewer jobs were added than previously reported. The unemployment rate decreased from 4.2% in November. The average unemployment rate last year was 4.0% and in 2023 it will be 3.6%. In Friday's report, the government also released revisions to the past five years of seasonally adjusted household survey data, from which the unemployment rate is calculated. With last Friday's jobs data settling in, this week will see a lot of US data and statements from Federal Reserve officials. US President-elect Donald Trump's team is expected to make many comments before the inauguration ceremony on January 20. China's trade data, economic activity and GDP will also be the focus of the market in general and the Crude Oil market in particular. On the daily chart, TVC:USOIL continues its uptrend after breaking through the rising price channel noticed by readers in the previous issue. And currently the upward momentum is limited by the 0.618% Fibonacci retracement level, once WTI crude oil breaks above this level it can continue to increase further with the target then around 82.75USD in the short term. However, the Relative Strength Index shows that the RSI is operating in the overbought area, which is a signal that there is not much room for price increases ahead, and also signals a possible downward correction. happen. However, the technical outlook for WTI crude oil is currently bullish with support from the trend price channel, EMA21 and the nearest support level at the 0.50% Fibonacci retracement. As long as WTI crude oil remains above the price channel and EMA21, any price declines should only be considered short-term corrections, notable levels will also be listed as follows. Support: 76.33 – 75.20 – 74.61USD Resistance: 78.98USD
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by Xayah_trading
1
USOIL turning point 78.466 read caption for more...I have prepared this setup for USOIL what do you think about it let me in comment section. I am waiting for the area of 78.466 as it is was a resistance made in earlier days. If this breaks and H4 candle closes above then target will be 80.240 as the result of bullish move and on the other hand if it does not closes above or breaks this area then the target will be 76.570 as a result of bearish move. Kindly support me like comment and share this if you found this helpful.
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by Jacks_Trading_Service
Quick Gains from Black Gold: A Short-Term Strategy for Oil🚀 Bullish Analysis for Crude Oil: Current Price: 73.11 USD. Support: The price is bouncing off the lower trend line of our ascending channel, acting like a solid floor! 🛑 RSI: At 39.10, we're not even halfway to overbought territory, plenty of room to climb! 📈 Entry: Buy now at 73.11 USD. Take Profit Levels: 🎯 Take Profit 1: 73.60 USD 🎯 Take Profit 2: 74.25 USD 🏆 Take Profit 3: 75.00 USD Stop Loss: Set your safety net at 72.40 USD, just below our support line. 🛡 This setup is not just good, it's electrifying! With a stop loss that's a safe distance away, you're setting up for a potential win with a solid risk-reward ratio. Let's ride this wave! 🌊
TLong
by ValchevFinance
1
OIL/US -looking bullish in 1H ChartUS/OIL If you're sharing your analysis or perspective on the 1H chart of US Oil, it's good to add some context to your post to engage your audience. Here's how you could phrase it: "US/OIL - Looking Bullish on the 1H Chart 📈 The trend is showing strong bullish signals, supported by . Keep an eye on the resistance at and potential pullbacks to . What are your thoughts? Are you bullish or bearish on oil right now?" Would you like help crafting a more technical or casual tone, or even adding visuals to go with your post?
EShort
by MrRoy_9
1
USOIL USOIL is still in an uptrend. Previous analysis on 1/12/2024, the price is up as expected and we expect the price to test the resistance zone 78-79. If the price cannot break through the 79 level, we expect the price to go down in the short term. Consider selling the red zone. 🔥Trading futures, forex, CFDs and stocks carries a risk of loss. Please consider carefully whether such trading is suitable for you. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
FShort
by Serana2324
7
USOIL Under Pressure! SELL! My dear friends, Please, find my technical outlook for USOIL below: The price is coiling around a solid key level - 76.54 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 75.36 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
TShort
by AnabelSignals
1