CRUDE OIL will FallCRUDE OIL is going up, Form the bearish divergence on RSI Now and it looks like It is set to test the horizontal resistance Of 76.30$ from where We will be expecting move down Sell! My Entry of Sell Stop under the last HL if trend line break then i expect that the movement down Shortby asadiii1
Fundamental & Technical analysis on USOILMay 20th 2024 Fundamental: Were seeing a up tick in Non-comm Long and Short positions being held. Shorts are increasing at a faster pace. The Net positions is positive and holding steady. Commercial (Hedgers) short positions is increasing significantly quicker then Longs, Net position is negative and decreasing/holding. Technical: I'm expecting to see consolidation for the coming week/s between 78-81 with price action making a lower high causing a fake EMA cross over to the upside and setting its self up for more down side. Entry Criteria: For me to consider a entry i have to keep seeing Short positions increase for both Non-comm and Comm in the coming weeks as well as Non-comm Longs decreasing. Ideally for Price action i want to see USOIL consolidate then make a lower high before its leg down (BLUE), there's the possibility it makes the lower high without consolidating (RED) but I do need to see the 5 EMA cross down the 20 EMA while Momentum is negative and the Stochastic is crossing down 50%Shortby IateyourcroissantUpdated 2
USOIL - Heading Lower Looks like that little bounce was a short covering shakeout and now the dominant trend has resumed to the downside 🧐. Not advice.Shortby dRends35Updated 7
Crude oil was bought near ----72.85 Target price 75.00 Crude oiCrude oil market analysis The recent short position of crude oil is very obvious, the daily large negative line, yesterday there was a signal to stop falling, but it is only a stopover, the general trend is still bearish, crude oil continues to be empty, the hourly pressure is near 73.60, the daily pressure is near 75.00, today we will rely on 75.00 pressure dry, if the United States has not rebounded high position, Can also be directly dry short, the general direction of crude oil insist on falling But the rebound opportunity can also be seized! Because we're in the scalping business Crude oil was bought near ----72.85 Target price 75.00 Crude oil can be sold at around 75 The target price is $72Longby KingofthedealUpdated 2
OILUSD: UT Curve Analysis(Based on the 1D Chart) 🛢 CFD: WTI CRUDE OIL 🛢 RESISTANCE @ 85.21 TP4 @ 84.39 TP3 @ 81.44 TP2 @ 79.52 TP1 @ 76.76 SUPPORT @ 74.51 BSO @ 73.94 ⏳ BLO @ 72.22 ⏳ FUNDEMENTAL ANALYSIS Crude oil prices have slightly recovered from a drop caused by pressure from the Federal Reserve, but they are still stuck in a narrow range. When the Organization of Petroleum Exporting Countries (OPEC) and its partners got together on June 2, 2024, they seem to be in favor of price increases as long as voluntary production cuts last longer. Energy demand is still tied to what people think will happen with monetary policy, especially in the US. Last week, US oil stocks rose by 1.8 million barrels, according to figures from the Energy Information Association. This made the market less confident that supply would meet demand. Since the middle of December, the market has been stuck in a narrow band. The next level of support is at $85.21. The price range right now is $74.51 to $71.41. This is an Intermediate Time Frame trade (4 hours to 6 day): — Offers a clearer picture of the underlying trend compared to short-term frames. — Provides more opportunities for confirmation signals and technical analysis. — Allows for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders. 🔑 ⏳ = PENDING ORDERS BLO = BUY LIMIT ORDER BSO = SELL STOP ORDER CFD = CONTRACT FOR DIFFERENCE UT = UPTREND TP = TAKE PROFITLongby ProfessorCEWard2
USOIL - COT data suggests institutional sellingWhile FXCM and IG retail sentiment remains bullish for USOIL, institutions have started to become bearish from May 20th, with majority of leveraged funds and hedge funds accumulating short positions on WTI, USOIL. This likely means further downside is likely for USOIL. Order book analysis suggests there are plenty of market depth on the DOM at approx. 70.8 levels. Shortby ToshihiroHiramatsu1
Oil ScenarioThis is a simple project that is looking for two possible scenarios in the unfolding of events. The most important phenomenon that will be relevant in analyzing and possibly trading this instrument using the elements in the snapshot, is the price action at the shapes. If coincidences of price action near the shapes or icons occur, we can treat them as potential pivot points, reversal signals. This is very straight forward and easy to trade when a potential Japanese Candlestick reversal pattern forms. You trade in the direction of the signal candlestick, using stop loss below its low, or above its high, and my personal preferred method of trailing stop loss, is to use the highs and lows of newer longer candlesticks in the wave that we are riding, that provide new lower lows or higher highs. /This method is highlighted with purple in the past price action as an example, but other methods can be used, as this is likely to get us out of the position, earlier than the actual end of the wave we are riding. This is a discretionary approach and anyone should use their own knowledge and wisdom of the markets to trade accordingly with their preferred and suitable strategy for their trading account. One other option would be to stay in the position until a tradable reversal signal occurs, reversing the position, but this could encounter duds, where signals are not successful, a case in which you are left out of the market, leaving money on the table. Leaving the position managing aspect aside (which could actually be more relevant than entry points), this project is considering two main scenarios: a short at the green rectangle with relevant price action that might signal a reversal, or a long position taken somewhere at the red rectangle after a bullish engulfing or other candlestick pattern. The rectangles are potential support and resistance zones. The target above 96 might be too bold, but it is important to acknowledge that price action, many times, is much more important than our perception of what should or could happen. What is happening, is much more important than our imagination. /That is why I prefer the Japanese Candlesticks type of analysis, because they tell their own story of reality: highs, lows, momentum, sentiment, etc. by nenUpdated 8
WTI Oil H4 | Potential bearish reversalWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 76.59 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 79.00 which is a level that sits above the 78.6% Fibonacci retracement level and a pullback resistance. Take profit is at 74.21 which is a pullback 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. 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.Short02:49by FXCM1
OiL: $110 | Open Short | Stop at $116 this coould be a good SHORT when the cartel is about to go head on with Kremlin price war and alliances shall be tested and POWER is the basic need for every nation to survive by senyorUpdated 13
Oil - Short / WaitI wouldnt touch this until the $72-74 region. Even there i would hope to get in lower. Patience required for an attempt to long this. Not an area i would short either despite the title. Just think, a wait and see method is best for Oil at the moment. Last oil trade we road from $66-67 area up toward $90. Lets do it again.by RobsPlanUpdated 3
USOIL: Continuation of Bullish TrendUSOIL is trading above bullish trend line on 4 hr and daily timeframe. A head & Shoulder pattern appeared at recent high level with bearish divergence on both 4 hr and daily time frame. after completing H&S pattern, USOIL breached bullish trend line and now is trading below this line. if bears get strength in coming days then there is possibility that it may go down up to 73.35 level.Shortby ALIHAMIDUpdated 8
WTIin the pic u see that our downtrend was broken with good impulsive move out after that i stay like snake to hunt it the price come to my zone now if i see good confirmation i will long wti Longby Mehrab-MOUpdated 4
OIL: Day 3 breakout shorts in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range ✅ No cycle started yet Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout 3 Days Short Breakout ✅ Inside Day 3. WEEKLY TEMPLATE Pump&Dump ✅ Dump&Pump Frontside Backside ✅ 4. THESIS: Long: secondary, many times, day 3 shorts in the market are a strong reversal signal, especially during Wednesday or Friday (which closes the week). From Friday NY session the market dumped down and currently it looks consolidating on the low, with a chance to push higher stopping the previous and most recent level short (I would define it a long scalp) Short: primary, market still on the backside, a lower low into the LOW can be a great clue of daily pump and dump back into the LOW or previous LOW. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. GianniShortby GianniPichicheroUpdated 2
USOIL, D1Oil, looking for drop in this week, while dollar drop is more stronger than oil and th movement is in the same way. Shortby chinghola1
Crude oil latest analysis and advice! I hope it worked for youCrude oil prices rose on Monday, making back its losses from Friday and some. While there is hope for increased fuel demand as we head to the summer months, today’s recovery comes on the back of a three-week drop. Prices have been held back in recent weeks because of various factors, ranging from concerns over increased non-OPEC supply and worries about the demand outlook, due, among other reasons, to diminished hopes over imminent US interest rate cuts. The strong dollar recovery is also weighing on sentiment in the oil market. But with prices shedding more than 10% from their April highs, the bulls feel the downside could be more limited moving forward. However, a revisit of last week’s lows of around $72.50 on WTI remains the more probable outcome than a sharp recovery. Key macro events in this week include US inflation data and the Federal Reserve’s rate decision on Wednesday, both of which could significantly impact the US dollar and, consequently, buck-denominated commodities like gold and oil. Oil prices closed off well off the lows last week The crude oil selling resumed on Friday after a two-day pause. While the losses were milder than earlier in the week and less severe than the drop in metals, this was due to a strong jobs report and positive services PMI data that alleviated fears of weakening demand in the US. Nonetheless, concerns over China persisted, leading to lower prices for the week. Investors were also spooked by the sell-off in other commodities like copper and silver. The selling on oil was also driven by speculative long positions being pared last week by managed funds and large speculators. Not only that but they also increased their short positions last week, resulting in a decrease in net-long exposure. According to positioning data from the CFTC, managed funds increased their short positions by 27.2k contracts, while large speculators increased theirs by 22.1k contracts (21.9%). This positioning data reflects the market response to OPEC's decision to extend oil production cuts. It suggests that traders either anticipated more aggressive support for prices from OPEC, are concerned about declining demand due to a slowing economy, or likely a combination of both factors. Why did all major commodities fall on Friday? The sharp fall in major commodity prices on Friday was driven by a rally in the US dollar, which negatively impacts dollar-denominated commodities. This rally was triggered by stronger-than-expected jobs growth, even though part-time jobs contributed to this increase. Metals were already under pressure prior to the jobs report due to concerns over lower-than-expected Chinese demand for industrial metals and rising copper stockpiles. Additionally, the People’s Bank of China halting its gold purchases in May after an 18-month streak also pressured precious metals, contributing to bearish sentiment in the commodities market. What has been driving oil prices recently? Oil prices have been primarily driven lower by demand concerns and an increase in non-OPEC supply. According to the International Energy Agency (IEA), there is a significant surplus of oil this year, largely due to the growth in US shale production. Consistently weak manufacturing data worldwide has heightened demand concerns. This was particularly evident when crude oil prices dropped to their lowest level since February following weak US factory data. The OPEC+ decision to extend output cuts failed to support oil prices as it was already priced in, and there are worries about phasing out voluntary output cuts amid rising non-OPEC supply. However, with the US driving season underway, demand might pick up, potentially slowing or reversing the sell-off. Currently, no strong bullish reversal signs have been observed, however, which means the short-term path pf least resistance on oil remains to the downside. Crude Oil Technical Analysis The recent drop in oil prices has established a clear resistance level between $76.00 and $76.50 on WTI, which was tested and held on Friday. This will be a crucial resistance area to monitor in the coming week. As long as prices remain below this zone, the bearish trend is expected to continue. There was an oversold bounce last week, but a decline towards the support trend of the bearish channel, around the $73.00 mark or slightly below, is possible this week. WTI has been stuck in a bearish channel since peaking in April. The next major support level below the bearish channel is at $70.00, followed by the December low at $67.87. However, if WTI were to reclaim the old broken support area between $76.00 and $76.50, it could signal a bullish trend, potentially leading to technical buying towards the top of the bearish channel, between $78.00 and $79.00.by Serrano-DaveyUpdated 3
USOIL Opportunity to riseAfter rebounding from the (72-73) levels, I think that oil may return to the four-hour frame and on the Fibo areas to fall to complete the current rise, and the first target is at the (77) areas. Entry Zone1: 74.60-74.40 Entry Zone2: 73.80-73.60 Longby zaidhatem1
OIL & OPEC CutsOPEC cuts lead to lower oil, not higher oil prices. That is why they are cutting . If Global demand was there they would not be cutting they would be selling as much as they can at higher prices. I see too many people get this backward.by RealMacroUpdated 10010070
WHY CRUDE OIL MIGHT CRASH TO $40/BARREL BEFORE 2025Daily timeframe trend line breakout. Forward down side expected in coming weeks Shortby Money_Pips1
USOIL Is Going Down! Sell! Take a look at our analysis for USOIL. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 75.96. Considering the today's price action, probabilities will be high to see a movement to 74.80. 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!Shortby SignalProviderUpdated 112
Crude oil-retesting supportCrude prices are softer again this morning, with the market continuing with the weakness we saw in the latter half of last week. Yesterday, meetings between OPEC and OPEC+ members concluded much as expected, with the groups agreeing to extend their existing production cuts into next year. The extended output cuts include those voluntary ones agreed by Saudi Arabia and Russia. Oil producing countries remain concerned about the outlook for future demand growth, particularly as expectations for rate cuts from the US Federal Reserve have been pushed back significantly since the beginning of this year. Both Brent and WTI are retesting the lows hit just over a week ago with prices back to levels from which they rallied sharply. As far as front-month WTI is concerned, that saw crude jump from just above $76.00 to just under $80.50 in the space of four trading days. Will history repeat, or will prices break down further from current levels?by TylerNorcross2
US OIL Trading RecommendationInstrument: USOIL Position: Buy Entry: 77.00 1st Target: 79.00 2nd Target: 80.50 Stop Loss: 76.00 Take Profit: 75.00 Rationale: USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors. Targets: Our primary target stands at 79.00, representing a significant resistance level where we anticipate a price reaction. The secondary target is positioned at 80.50, indicating further potential upside momentum. Stop Loss: To manage risk effectively, a stop loss is placed at 76.00, just below the anticipated support level. This ensures a controlled exit in case of unexpected market movements. Take Profit: In the event of a breakdown below 76.00, the take profit level is set at 75.00, reflecting a potential reversal in the market sentiment. Disclaimer: Trading carries inherent risks, and this recommendation should be considered alongside individual risk tolerance and market analysis. It is advisable to employ proper risk management techniques, including the use of stop-loss orders, to mitigate potential losses.Longby GODOCM1
USOIL UPDATE (long Term TRENDLINE) Hey team, Hope you are Enjoying our ideas and Analysis Today we are monitoring USOIL Looking for Bullish Long Around 76.490 Once we will Receive any Bullish Conformation the Trade Will be Excuuted Good luck Guy's 🤞Longby XAUUSD-GOLD-PIPS6
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)Longby ShahedZare4