Bullish USOILUSOIL has just jumped off it's recent lows, will it continue to rally right past 83.26...? All will be revealed once we hopefully pull-back from between 79.86 and 79.69.Longby SyandA_stArMAN0
WTI turns lower after surprise crude stocks buildNews of a surprise inventories build in the US has caused oil prices to give up earlier gains and turn lower. The EIA US weekly crude oil inventories came in at +3591K vs -2850K expected and -2547K prior. The 3.6-million-barrel build suggests weaker demand despite hopes that inventories would draw down more meaningfully due to the US driving season. However, gasoline stocks also rose, coming in at +2654K vs -1024K expected, while the refinery utilization fell to -1.3% vs +0.1% expected. As a result, crude oil prices turned lower on the session to take out the lows of the past several days. The key support to watch is at $80.00 – if it breaks this level decisively now then we could see some follow-up technical selling towards $79.00 next. However, if instead oil prices rise to hit a new high on the session, then this would invalidate any bearish signals we may have seen today. So, watch the closing prices attentively. By Fawad Razaqzada, market analyst at FOREX.comby FOREXcom0
USOILRisky long to near the tp pint, may slightly miss. This is a risky long scalp. OVERALL direction is sells for now like the previous posts.Longby Tradingdeck0
USOIL Uptrend line Rejection At $80.46 25.06.2024Uptrend line Rejection: USOIL on 1hr chart at $80.46 Bullish Targets: Target 1: $82.67 Target 2: $85.49 (if $82.67 breaks) Bearish Targets: Target 1: $78.71 Target 2: $77.34 (if $78.71 breaks) Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerLongby BDSwiss_Academy0
Oil potential short Oil has shown a wonderful rejection of the 81.800 resistance level and major confluence with previous price action to head to 80.344. My SL and TP will be adjusted to suit market conditions. Shortby fxdonno0
SELL OIL trade succesfullUSOIL is oil from the U.S.A. providing high volatility % wise. Though in order to gain enough you have to buy or sell more lots then with other instruments. TP and SL only for paying customers.by LetsGoSurf0
USOILOil analysis Time frame 1 hour, 4 hours and 12 hours The price of oil can move up to $84, but there are 1-hour and 4-hour resistance on its way. The ranges of $79.6 and $78 can support the price for upside targets.Longby m0neyminer0
USOIL sell short ideaAfter retest fibo 50/61.8 sell usoil potential ABCDE structure wait after fibo retest and sellShortby ForexPrime4471
USOIL: Bullish Continuation is Highly Probable! Here is Why: The recent price action on the USOIL pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals111
WTI OIL NEAR TPUsoil got successfully moved towards TP running 90 pips now 1:2 RR Great victory for holdersLongby DNA_Trader_Officials0
USOIL - Reversal PatternUSOIL making Rising Wedge Reversal Pattern, making Divergence on RSI. Sellers will remain in control after the breakout of support level and the downtrend is expected to remain valid till 78.39Shortby mhamzasaeedm0
USOILUSOIL small trade until we see where it needs to go i think its now going to area 78.80 / 78.60 Shortby SilverFox_IdeasUpdated 0
OIL SWINGExpecting price to react strongly from this area. Forming resistance @80.000 figure level and continuing trending.Shortby newsy0
USOILOil analysis 4-hour and 1-hour time frames The price is near the 4 and 1 hour supply area and we expect it to start correcting after hitting the area.Shortby m0neyminer0
USOIL Downtrend Line Rejection At $79.86 18.06.2024USOIL: Downtrend line rejection at $79.86 on 1-hour chart. If rejection holds, target $78.27; next target $77.02 if $78.27 is breached. If rejection fails, expect a rally to $81.88; next target $84.45 if $81.88 is surpassed. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby BDSwiss_Academy0
Oil Broader Support Market Optimism, Despite Lingering UncertainOil prices edged higher this week, marking their strongest gain in seven days. This upward momentum came despite a somewhat ambiguous outlook for crude itself, suggesting the driving force behind the rise lies elsewhere: positive sentiment in the broader financial markets. Risk-On Rally Lifts Oil The primary factor behind oil's recent rise is the prevailing "risk-on" sentiment dominating global markets. Equity indices, particularly in the United States, have been scaling new highs, with the S&P 500 reaching its 30th record this year. This optimism seems to be spilling over into the commodities market, including oil. Investors, buoyed by the positive performance in equities, are displaying a greater willingness to take on risk, and oil is seen as a potential beneficiary. OPEC+ Cuts and Geopolitical Tensions Offer Underlying Support Beyond the broader market sentiment, a couple of oil-specific factors are also contributing to the price increase. Firstly, the decision by OPEC+, the world's leading oil producer alliance, to extend production cuts has helped to tighten supply and prop up prices. Anxieties surrounding potential disruptions due to geopolitical tensions in major oil-producing regions like the Middle East are also lending some support. Mixed Outlook for Crude: Demand Questions Linger However, the outlook for crude remains somewhat clouded by uncertainties. While the supply side appears relatively stable thanks to OPEC+ intervention, demand remains a question mark. Signs of slowing economic growth in some parts of the world, particularly in Asia, raise concerns about future oil consumption. Data from China, a major consumer of oil, recently indicated weaker-than-expected industrial activity, potentially signaling a softening demand outlook. Additionally, rising gasoline prices in some regions, like India, could dampen consumer spending and lead to lower demand for fuel. The Balancing Act: Weighing Optimism Against Uncertainty The current situation presents a complex picture for oil markets. The positive sentiment in broader financial markets is providing a tailwind for oil prices. However, this is counterbalanced by lingering uncertainties about future demand, particularly in Asia. The net effect of these opposing forces will determine the future trajectory of oil prices. Looking Ahead: Navigating a Volatile Market Oil will likely see continued volatility in oil markets. Investors will be closely monitoring key factors like: • Global economic performance: The health of major economies, particularly China, will significantly influence oil demand. • Monetary policy decisions: Actions by central banks, especially the U.S. Federal Reserve, could impact risk appetite and indirectly affect oil prices. • Geopolitical developments: Events in major oil-producing regions can disrupt supply and cause price spikes. By carefully weighing these factors, market participants can navigate the current uncertainty and make informed decisions regarding oil investments. Longby bryandowningqln0
intermediate trend is up but now trading in sidewayI've set up my TradingView chart for Crude Oil (WTI) in the 1-hour timeframe to understand the current market conditions and potential trading opportunities clearly. 1. Price Levels: - Right now, the price of crude oil is around $78.217. - I’ve marked key resistance levels at $80.278 and $79.988. These are the areas where I expect the price might face some selling pressure. - On the downside, support levels are at $77.557 and $77.550, which could act as a floor if the price drops. 2. Trendlines: - I’ve drawn a couple of diagonal trendlines that form a channel, showing the range within which the price has been bouncing around. - These trendlines intersect at several points, which might signal potential breakouts or breakdowns. 3. Volume: - The volume bars at the bottom are crucial. They show how much crude oil is being traded during each hour. - Notice the spikes in volume during significant price moves—these often indicate strong market activity and can hint at future price directions. 4. Candlestick Patterns: - I use candlestick patterns to track price action. Recently, the price has been consolidating around the $78.217 level, which suggests that the market is gathering momentum for a big move. 5. Supply and Demand Zones: - The shaded areas highlight important supply and demand zones. These zones are where there has been significant buying or selling interest in the past. - They help me identify potential reversal points and set my stop-loss and take-profit levels more accurately. 6. Support and Resistance Boxes: - I’ve also drawn boxes around the main support and resistance levels to make them stand out. - The upper box around $80.278 is a strong resistance zone, while the lower box near $77.550 is a key support area. This setup helps me keep track of critical price levels and market behavior, making it easier to plan my trades. I rely heavily on these visual cues and patterns to anticipate where the market might head next. by THE-101
Oil Price Find Footing as Inflation Cools, Russia Threatens CutThe global oil market witnessed a balancing act this week, with prices finding temporary stability despite conflicting forces. While data indicating a possible slowdown in US inflation offered some relief, Russia's vow to cut oil production cast a shadow of potential future price hikes. West Texas Intermediate (WTI) crude oil futures, the US benchmark, remained above $78 a barrel, clinging to the gains accrued throughout the week. This stability comes after a period of volatility, with oil prices having fluctuated significantly in recent months due to ongoing geopolitical tensions and concerns about global economic growth. The US Federal Reserve's decision to maintain interest rates at their current level was the primary source of comfort for the market. This decision, coupled with recent signs of cooling inflation, suggests a potential shift in the Fed's monetary policy stance. Earlier concerns about aggressive interest rate hikes to combat inflation had dampened economic activity and raised fears of a recession, potentially leading to a decline in oil demand. The Fed's decision to pause on rate hikes, with the possibility of one cut later in the year, provided a sigh of relief for the oil market. However, this cautious optimism was countered by Russia's announcement of a potential production cut. Russia, a major oil producer, has been a key player in the recent oil price volatility. The ongoing war in Ukraine has disrupted global oil supplies, and Russia has hinted at further reductions in output in retaliation for Western sanctions. This threat of a supply squeeze could push oil prices higher in the coming months, potentially negating the positive sentiment stemming from the Fed's decision. Analysts remain divided on the long-term trajectory of oil prices. Some believe that a global economic slowdown, fueled by rising interest rates and ongoing geopolitical tensions, will eventually lead to a decrease in demand. This, coupled with a potential increase in oil production from other major producers like the US, could bring prices down. However, others warn that the geopolitical risks remain significant. The war in Ukraine shows no signs of abating, and further disruptions to Russian oil exports could trigger another price surge. Additionally, the limited spare production capacity among major producers could make it difficult to compensate for any potential Russian output cuts. The outlook for oil prices in the coming months is thus uncertain. While the Fed's decision and signs of cooling inflation offer some hope for stability, the threat of Russian production cuts and ongoing geopolitical tensions continue to pose significant upside risks. Looking beyond the immediate future, the long-term trend for oil prices will likely depend on the pace of the global energy transition. As countries around the world invest in renewable energy sources and push for decarbonization, the demand for oil is expected to decline over time. This could lead to a gradual decrease in oil prices in the long run. However, the transition away from fossil fuels is a complex process, and oil is likely to remain a critical source of energy for many years to come. In conclusion, the global oil market is currently navigating a period of flux. While short-term factors like the Fed's monetary policy and potential Russian production cuts are influencing prices, the long-term trajectory remains uncertain and will depend heavily on the pace of the global energy transition. Consumers and businesses alike should brace for continued volatility in the oil market, with prices likely to remain sensitive to geopolitical developments and economic data releases. by bryandowningqln0
USOIL LOOKING BULLHey there on 4hTF the USOIL has looks like continue Bull So we can see firstly upside 77 and 76 level If the price Bull continue moving upside we could also see above the 80Longby DvsTraderfirm0
USOIL(WTI), SHORTUSOIL(WTI) in the early month of June made gains in a localized ascending channel since 4th Jume from $72.497 to $78.98 but the $79 price remains a strong resistance to the price ascension. As long as $79 and $78.55 remains resistance, USOIL (WTI) could fall to the $76.5 with potential further extension of the losses to $75 in the coming days. Resistance 1: 78.95 Resistance 2: 78.54 Support 1 : 77.3 Support 2 : 76.5 Support 3: 75.0Shortby AbeikuGlobal_FX1
Trading Signal For WTI Crude Trading Setup: There is a Trading Signal to Sell in WTICrude Oil Currency Pair. Traders can open their Sell Trades NOW WTICrude Oil (1h) ⬇️Sell Now or Sell on 78.48 ⭕️SL@ 79.26 🔵TP1@ 76.30 🔵TP2@ 74.31 🔵TP3@ 72.16 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .Shortby pullbacksignal0