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West Texas Intermediate vs US DollarWest Texas Intermediate vs US DollarWest Texas Intermediate vs US Dollar

West Texas Intermediate vs US Dollar

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XTIUSD trade ideas

Hellena | Oil (4H): Short to area of 50% Fibo lvl of 71.500. Colleagues, I believe that price is ending a five-wave upward movement and a correction is about to begin. I expect the price to renew the nearest high and reach the area of 75.500, after which it will start a correction to the area of 50% Fibonacci level of 71.500. It may well be that the price will immediately start a downward movement and it will mean that wave “C” is already completed. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
11
USOIL, is breaking out? TVC:USOIL / 4H Hello Traders, welcome back to another market breakdown. USOIL is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for a pull-back to the previous daily range. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Last swing high Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo
FOREXCOM:USOILLong
by BTM-LEO
11
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!
FX:USOILShort
by Serana2324
5
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.
TVC:USOIL
by EXPERT117Ai
8
WTI OIL Critical crossroads on the 16-month Resistance.WTI Oil (USOIL) is having a strong rally in the past 30 days following the rebound on the 2-year Support Zone. This Zone has contained all 1W candle closings above it, so this rebound is coming as a natural technical reaction for buyers but it is about to face a critical Resistance Cluster. First is the 1W MA50 (blue trend-line) but the most important level is the 16-month Lower Highs trend-line that started in late September 2023. Technically, as long as it holds, the price is more likely to get rejected now back towards the Support Zone, so at the moment we are bearish with a 68.00 Target. If the Lower Highs trend-line breaks and WTI closes a 1W candle above it, we don't expect the 1W MA200 (orange trend-line) to offer much Resistance, so we will take the small loss on the short and switch to buying. Our Target in that case will be Resistance 1 at 84.50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOIL
by TradingShot
1
SELL TREND is starting in USOIL market (For more read captions).📉 USOIL Price Forecast 📉 USOIL has broken down the ascending channel with a strong bearish candle, confirming a shift in momentum. The market is currently in a retracement phase, with potential to retrace to the ascending channel before resuming its downtrend toward the targets. Selling pressure is increasing, and the price is hovering around $74.00, where an order block is present. A breakdown below the first target zone will confirm further declines. 🎯 Technical Target Levels: -72.80 (First target zone) -71.00 -70.20 -69.50 (Final target) 📌 Key Highlights: - Ascending channel breakdown confirmed. -Retracement nearing completion—prepare for the next bearish move. -Increased selling pressure supported by strong volume. ✅ Stay Ahead and Profitable! Like, comment, and follow for precise forecasts and profitable insights. Don’t miss out on the next big move—trade smarter with expert updates! 🚀 📢 Join the community for timely analysis and consistent success!
TVC:USOILShort
by TrendLogic1
2
Crude Oil USOIL AnalysisHello Guy's this is My OverView For USOIL, Feel Free To Check It And Write Your Feedback In Comments Analysis of Crude Oil (USOIL) Here are the key observations: Price Levels: Current price is around $73.76. Sell signal at $73.76. Buy signal at $73.82. Trend Indicators: A recent upward trend is observed, indicated by a rising channel formation outlined with blue lines. However, the price has now reached an upper resistance level and appears to be reversing. Supertrend Indicator: The Supertrend indicator shows a value of 74.90, suggesting bearish sentiment when the price is below this level. Support and Resistance Zones: The chart indicates potential take-profit (TP) levels for short positions at $73.40 (Tp1) and $72.80 (Tp2). A broader support zone around $68.94 is highlighted in red, indicating significant support if prices drop further. Technical Outlook: in our setup s traders might be looking for short opportunities given the recent rejection from resistance. A target range for profit-taking on shorts between Tp1 ($73.40) and Tp2 ($72).80). Note: This analysis for educational purposes and not trading advice. Consider market conditions and strategies.
TVC:USOILShort
by David_Josh_Trader
1
Potential bullish reversal?WTI oil (XTI/USD) has reacted off the pivot which could indicate a double bottom pattern which might lead to a potential price to the the 1st resistance that aligns with the 50% Fibonacci retracement. Pivot: 72.98 1st Support: 71.99 1st Resistance: 74.22 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.
ICMARKETS:XTIUSDLong
by ICmarkets
1
WTI Oil H4 | Falling towards an overlap supportWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 72.65 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 71.20 which is a level that lies underneath a pullback support. Take profit is at 74.85 which is a multi-swing-high resistance. 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. 64% 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. 66% 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:USOILLong
by FXCM
1
Analysis of USOIL and Falling Wedge Breakout PotentialThe forex pair USOIL is currently priced at 75.000, with a target price set at 103. This indicates an expectation of significant upward movement. The technical pattern in focus is the Falling Wedge, a bullish reversal pattern often found in downtrends. In this setup, the price consolidates between converging trendlines, suggesting decreasing momentum in the downward movement. A breakout above the resistance line typically signals a trend reversal. Traders anticipate a breakout in this case, leading to a potential rally towards the target. This scenario implies increased buying pressure and positive market sentiment. Risk management is crucial, as breakouts can sometimes fail. Confirmation of the breakout, such as strong volume or a clear candle close above resistance, adds reliability to the trade setup. Monitoring key levels closely will help refine the strategy.
TVC:USOILLong
by AndrewsMarket-Mastery
1
Oil Short 4HI’m excited to share my next setup for Oil. This trading idea is based on correction levels. The main idea area is between 80.35 and 80.25. However, since oil tends to react to the 50 levels, I prefer to focus on the 80.5 level for my entry. For the 4-hour entry, I am waiting for the formation of an M pattern with a lower peak at the second base. I’ll be looking to take scalp sell at the levels of 80.25, 80.35, and 80.5 for the first touches. after that, I'm going to wait for the confirmation to take the main Sell. Please note that, typically, upon the first collision, we could experience either an impulse or a rejection entry. At the second base, we should wait for a consolidation area to confirm our entry. For a better understanding of this setup, please refer to my previous oil chart. TP1: 79.9 TP2: 79.2 TP3: 77.4 SL: 81.35 Please remember that trading carries risks, and it's crucial to do your own research. The ideas shared here reflect my personal analysis and may not guarantee success. Always trade responsibly and consider seeking professional advice if needed. Happy trading!
TVC:USOILShort
by Persian_Traders_
2
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
TVC:USOIL
by Xayah_trading
1