WTI Will Fill Its Intraday GapFor these reasons, we are bullish on WTI: - large, open intraday gap. These gaps never stay open for long - Signs of stabilization or a correction attemptLongby OchlokratUpdated 7
Crude oil continues to bearish pressureTechnical analysis of crude oil Daily resistance 74.2, support below 72.7 Four-hour resistance 73.7-74.2, support below 72-71 Crude oil operation suggestions: Crude oil continued the recent extremely weak short-term unilateral downward rhythm yesterday, with the Asian and European sessions showing a downward trend, and the US session suppressed and fluctuated below the 73.5 mark. The overall price continued the recent unilateral short-term downward rhythm. Today's upper resistance is around 73.7-74.2. Today's rebound relies on this position to continue the main short-term bearish trend. The short-term oil price short-term weak dividing line focuses on the 74.2 mark. Any rebound before the daily level breaks through and stands on this position is a short-selling opportunity, and keep trading with the trend. SELL:74.2 near SL:74.50 SELL:73.7 near SL:74.20 Technical analysis only provides trading direction! Shortby ActuaryJUpdated 8
USOIL H4 | Bearish reversal?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 76.05, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 72.77, a swing low support level. The stop loss will be placed at 78.67, an overlap resistance level. 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. Shortby FXCM6
OPEC Secretary-General Affirms Resilient Oil Demand OPEC Secretary-General Affirms Resilient Oil Demand OPEC Secretary-General Haitham Al-Ghais stated at the St. Petersburg International Economic Forum on Thursday that oil demand remains resilient. "It's crucial to stay focused on the fundamentals," he emphasized. "Economic growth, supply, and demand are what drive our decisions." Al-Ghais noted that global demand increased by 2.3 million barrels per day in the first quarter, typically the weakest quarter due to global refinery maintenance. He anticipates continued strong demand in the coming months, particularly with the uptick in summer travel. Saudi Energy Minister Dismisses Bearish Response to OPEC+ Deal, Confident Market Will Adjust Saudi Energy Minister Prince Abdulaziz bin Salman dismissed the market's bearish reaction to OPEC+'s decision to gradually phase out voluntary output cuts, expressing confidence that the market will adjust. "Give it a day or two, reality will set in," he stated at the St. Petersburg International Economic Forum on Thursday. He criticized some banks and media outlets for their narratives around the meeting and reaffirmed that OPEC+ made the right decision. "I know that we did the best job," he asserted. The OPEC+ meeting initially triggered an oil selloff, exacerbated by short selling and movements in the options market, as traders worried about potential oversupply. However, Abdulaziz emphasized that OPEC+ retains the flexibility to pause or reverse production increases based on market conditions. OIL OUTLOOK Oil prices increased early as we mentioned, recovering from a four-month low, which was the lowest point since February. This drop was attributed to an unexpected surge in U.S. stockpiles, indicating softer demand than anticipated. Technically: The price has stabilized within the bearish zone, having already corrected the previous barrier which is 75.39. This suggests a continuation of the bearish trend, with potential targets at 72.500 and 70.570. A further break below 72.500 could lead the price down to 70.570. Conversely, if the price stabilizes above 75.400, it may indicate a bullish trend, potentially reaching up to 78.070. Pivot line: 75.390 Support lines: 72.50, 70.57, 68.12 Resistance lines: 76.80, 78.07, 79.35 The movement range will be between support 70.57 and Resistance 76.80 previous idea: Shortby SroshMayi7
USOIL - Too much liquidity? OPEC shook the OIL market this week. Condolences for all the bulls who took a long trade Monday. I, too got a long bias since Monday for a short term up movement and at the same time a long term bearish outlook because of the fundamentals. Oh boy was I wrong after reading the OPEC news. That's why it's important to be conservative and always let the candles tell the story as the market fluctuates. Here are my analysis at this moment: Technicals → We confirmed a breakout from a trading range we sat on for days/weeks. → We came at a key zone where we bounce. → We had 5 days red/bearish with some strong candles. The market needed a retracement. → We have a lot of liquidity (imbalances) sitting to be taken out → There's a trendline as extra confluence which we respected from dating since MAY 23' Trade → Intraday long trade opportunities until next resistance which is a break of the last range. It is also a 0.5 FIB retracement. Your trading friend, Simba TradesLongby Simba_TradingUpdated 116
USOIL Sellers In Panic! BUY! My dear friends, Please, find my technical outlook for USOIL below: The instrument tests an important psychological level 75.35 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 75.86 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 116
US-Oil will further push upside After Testing TrendlineHello Traders In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET today XTIUSD analysis 👆 🟢This Chart includes_ (XTIUSD market update) 🟢What is The Next Opportunity on XTIUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts Longby ForexMasters2000Updated 5
Is oil still on the upward path?📊 According to the buying pressure created in the market, if the range of 76.2 units is broken upwards and the price stabilizes above it, the price may increase to the range of 77.3 units🎯, and in case of the strength of the range, 78.4 units🎯🎯. 📊 Otherwise, the price may fall to the range of 74.0 units.Longby arongroups6
USOIL LONGWe buy oil by following the structure, I hope it breaks the upper trend line to increase lotsLongby soychrisalas5
USOIL-SELL strategy 4-hourly chartIt feels we will see lower levels again, stochastic negative, and also some type of falls bull flag pattern as well. Strategy SELL @ 75.25-75.75 and take profit @ 72.25 for now SL around 76.90.Shortby peterbokma4
Bearish reversal?WTI/USD is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 76.84 Why we like it: There is a pullback resistance which lines up with the 50% Fibonacci retracement. Stop loss: 78.90 Why we like it: There is a pullback resistance that lines up with the 78.6% Fibonacci retracement. Take profit: 72.79 Why we like it: There is a pullback support. 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.Shortby VantageMarkets5
US-Oil will further push upside After Testing TrendlineHello Traders In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET today XTIUSD analysis 👆 🟢This Chart includes_ (XTIUSD market update) 🟢What is The Next Opportunity on XTIUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters2000Updated 4
Bearish drop?XTI/USD is reacting off the pivot which is a pullback resistance and could potentially drop to the 1st support. Pivot: 75.84 1st Support: 72.48 1st Resistance: 77.86 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets4
OIL Oil open price above critical support the last call before going up to 105 LVLS Longby Tdawly_Official6
OIL demand in controlRetail traders have been faked by a gap in oil prices, exactly into a daily demand zone, which the big players may use to take price higherLongby EquilibriumTradingAlexMOUpdated 334
USOIL - Summer demand expectations are supporting pricesReuters stated that the Fed has raised hobby prices sharply in 2022 and 2023 to minimize growing inflation. Rising borrowing fees for customers and corporations ought to gradual financial boom and decrease oil call for. Meanwhile, a robust dollar ought to hose down oil call for via way of means of making greenback-denominated commodities like oil extra costly for holders of different currencies. Commenting at the surprising acceleration in oil costs, analysts at strength consulting company Gelber and Associates stated summer time season call for expectancies are helping costs. Goldman Sachs analysts stated they anticipate Brent oil costs to upward thrust to $86/barrel withinside the 0.33 quarter. In their report, those analysts stated that strong summer time season transportation call for will push the oil marketplace right into a deficit of 1.three million barrels in step with day withinside the 0.33 quarter. Oil costs rose regardless of the greenback growing to a four-week excessive following a pointy decline withinside the euro. Last week, oil costs fell for the 0.33 consecutive week because of worries that the Organization of the Petroleum Exporting Countries and its allies` (OPEC+) plan to boost a few manufacturing cuts from October might similarly growth supply. Investor interest is presently turning to US purchaser charge index records for May to be launched on June 12, searching out suggestions approximately whilst the Fed can also additionally begin decreasing hobby prices. The marketplace is additionally "waiting" for the consequences of the Fed's two-day coverage assembly beginning on June 12 with the expectancy that americaA Central Bank will preserve hobby prices stable. The marketplace has tempered expectancies for a Fed charge reduce in September following jobs boom records launched ultimate week. According to records from LSEG Financial Company, buyers additionally diminished expectancies approximately the extent of Fed easing this year, with handiest one hobby charge reduce.Shortby TheLeader_WOLF4
Possible Retest for WTI Crude Oil.WTI Crude Oil has been in a consolidation Phase since the beginning of the month. After breaking out of it recently, I expect the price to go up the decision Point Zone and to then drop. Lets see if this trade works out. TVC:USOIL Shortby GetRichOrDieTrading09Updated 3
USOIL Will Go Down! Sell! Here is our detailed technical review for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 77.66. Taking into consideration the structure & trend analysis, I believe that the market will reach 72.82 level soon. 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. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider114
USOIL ANALYSIS (SHORT) (11/06/24)Pretty self explanatory and simple. Using the bias (Bearish) I simply mapped out the last area which created a significant break. Within this area - price should gear towards the demand zone below - however I do acknowledge that price had already reached demand in an earlier period and therefore if price breaks through the POI (For which there will be potential to do so - due to upper imbalance found on a bigger TF), I would seek for an entry point allowing me to ride out the buy. Shortby saintprincevvs3
Nice weekly candles here on OilOverall pattern on higher time frames paints a clear bullish oil picture. Nice simple risk here with stops at the bottom of the weekly. Longby TechknowLobster3
Trade Like A Sniper - Episode 24 - USOIL - (7th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing USOIL, starting from the 6-Month chart. If you want to learn more, check out my other videos on TradingView or on YT. If you are interested in private coaching, feel free to get in touch via one of my socials.10:12by Road_2_Funded4
Crude oil is trading in a range, with a focus on 73.8~76.5Technical analysis of crude oil Daily resistance 78.4, support below 72.7 Four-hour resistance 76, support below 75-73.8 Crude oil operation suggestions: Crude oil fell first and then rose last week. The weekly line is in a wide range of fluctuations, and there is no strong unilateral trend. In the form of repeated tug-of-war between long and short positions, pay attention to the support of the low point of 73.80 this week. If it holds, it will continue to be bullish. The overall price shows a rhythm of long and short narrow fluctuations. Although the daily level has experienced two consecutive positive fluctuations and rebounded, the overall technical indicators are still in a short position. The upper side is still facing the pressure of the 76.5 mark. Today's rebound relies on the 76.5 line to continue to be short first. The short-term support below focuses on the vicinity of 74.3-74.5. Today, we will rely on this range to maintain the rhythm of fluctuations and sell high and buy low. SELL:76.0 near SL:76.50 BUY:73.8 near SL:73.40 Technical analysis only provides trading direction! by ActuaryJUpdated 3
WHY CRUDE OIL MIGHT FALL TO $40 PER BARREL BEFORE 2025Crude oil from Weekly timeframe is showing sign of weakness after form head and shoulders pattern. But let’s watch and see if $65 zone can be broken if that happens $40 is nextShortby Money_Pips332