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Crude Oil WTI

Hellena | Oil (4H): Short to support area at 66.867.Colleagues, oil has been in a sideways movement for the last month and is not living up to our expectations, but I still believe that the price will start a downward movement to the support area at 66.867. Now the price is in a complicated wave movement, which I named (A, B, C). In fact, the movement is more complicated, but I will not describe the rules of the Leading diagonal now. So I expect that the price will reach the area of 72, complete wave 2 and start a downward movement. But there is a variant when the price will start the movement at once. Therefore, I do not recommend long positions. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
3
Weekly Forex Forecast: Last Show For 2024Dec 30th to Jan 3rd. USD is still strong, and so are the indices. I will be looking for buys until there is a significant bearish Break of Structure. A strong USD is a headwind for Gold, Silver and the other metals. It is also a headwind for GBP, EUR and the other majors. USDCHF, USDCAD and USDJPY should see some upside. Thank you for hangin' with me for 2024! I hope you found a benefit in my weekly forecasts this year. 2025 will be even better! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
by RT_Money
#202452 - priceactiontds - year end special - wti crude oilGood Evening and I hope you are well. comment: Probably the most boring outlook to write. Oil has been in a triangle since 2023-09 and we will see a bigger breakout in 2025. To which side? Absolutely no idea. Oil has been stuck inside a 10% range for the past 10 weeks and it’s almost not possible that the range contracts further. We have nested triangles and the biggest of those can play out a couple of more weeks. It’s always possible that the pattern fails and market could just continue sideways for longer. Since I don’t have a crystal ball, I do not have an opinion on where this could break out. Market is in total balance around 69. I will continue to take this market level by level and play the given range. Since neither side has any arguments for their case, I won’t write a bull/bear case for this. If you don’t like trading ranges, just don’t trade this. current market cycle: trading range (nested triangles on multiple time frames) key levels for 2025: 65 - 75 short term: I won’t make up stuff. Market is as neutral as it gets. Clear support 66/67 and clear resistance 70.5 / 72.3 medium-long term: Nope to the nopedy nope. Go follow some macro schmackro dude who tells the world Oil will go to 100$ again because of *insert hypothetical macro event*. current swing trade: None
NYMEX:MCL1!
by priceactiontds
WTI/OIL Bullish Signal triggered7 days ago my bullish signal for oil triggered and I am now long.Now many new facts are being released that are align with my signals. I have collected some very important and interpreted them.This will help you also t understand the backrounds. The bullish trend is currently at its weak phase where many false signals are ofcourse potentially possible. In this phase of the trend I focuse just on risk management(tightenning stops,to breakeven etc. But also increasing my positions in this phase and sizing them up are also possible. Later in strong phase of the trend Iwont increase my positions, but I let the profits run. I marked also Taking profits level for some of you who might are taking profits. Generally I let the profits run and just cut the losses if necessary. Important levels I marked in the chart. Here Important catalysts why I believe Oil will climb up: 1 India Doubles Down on Refining Expansion. India’s state-controlled refiner Bharat Petroleum (NSE:BPCL) announced its plans to invest $11 billion in a new refinery in southern Andhra Pradesh state, adding 180,000 b/d of capacity and an integrated petrochemical plant to meet domestic demand. France Launches First Reactor of 21st Century. 12 years overdue and four times the originally planned budget with a price tag of €13 billion, the Flamanville 3 nuclear reactor was finally connected to France’s power grid this week, marking the first addition of new nuclear capacity since Civaux-2 in 1999. 👉 Interpretation France Launches First Reactor of the 21st Century Key Details: Flamanville 3 nuclear reactor, costing €13 billion and delayed by 12 years, is now operational. First new nuclear capacity addition in France since 1999. Implications for Oil Prices: Reduced Dependence on Fossil Fuels: As nuclear energy replaces some fossil fuel-generated electricity, demand for oil (particularly fuel oil used for power generation in some regions) could decline slightly in Europe over the long term. However, this effect is minor since most oil demand comes from transportation rather than power generation. Transition Signals: The operational reactor signals Europe's commitment to energy transition, which may influence long-term sentiment about reduced reliance on fossil fuels. Neutral Short-Term Impact: Since the reactor serves a domestic market and does not affect global oil supply or demand immediately, the impact on oil prices is negligible in the short term. India Doubles Down on Refining Expansion Key Details: Bharat Petroleum plans a $11 billion investment in a new refinery with a capacity of 180,000 b/d and an integrated petrochemical plant. Focus is on meeting India’s growing domestic energy demand. Implications for Oil Prices: Increased Crude Demand: A new refinery requires crude oil as a feedstock, adding to global oil demand. Once operational, this expansion will support bullish trends in oil prices, especially as India becomes a larger importer of crude. Focus on Domestic Market: The refinery aims to meet rising domestic consumption, particularly for transportation fuels and petrochemicals, reinforcing India’s growing importance as a driver of oil demand. Positive Long-Term Outlook: While the refinery won't impact prices immediately, it highlights the bullish long-term demand trajectory for oil in emerging markets like India. Overall Impact on Oil Prices Bullish Factors: India’s refinery expansion indicates long-term growth in oil demand, supporting bullish sentiment. Emerging markets continue to drive global oil demand, balancing out declines in demand from developed regions. Neutral or Bearish Factors: France's new nuclear reactor reflects progress in the energy transition, potentially reducing oil demand in Europe. However, the short-term impact is negligible. Conclusion India's refinery expansion supports a bullish outlook for oil prices, complementing bullish signal. While France’s nuclear reactor signals a step toward alternative energy, its impact on global oil demand is minimal and overshadowed by growing energy needs in emerging markets like India. Overall, the developments reinforce a stable to slightly bullish environment for oil prices. 2 Turkey Eyes Maritime Delimitation with Syria. The Turkish government is readying to start negotiations with the new al-Julani government of Syria to delineate maritime boundaries in the Mediterranean Sea, a move that would allow Ankara to ‘increase its area of influence’ in energy exploration. US to Finance Guyana’s Gas Power Buildout. The US Export-Import Bank approved a $526 million loan to Guyana for the construction of a 300 MW natural gas-fired power plant that would use ExxonMobil’s associated gas production from the Stabroek block, staving off intense Chinese competition. 👉 Interpretation of this news Here's an analysis of how these developments might influence the oil market Turkey Eyes Maritime Delimitation with Syria Key Details: Turkey plans to negotiate maritime boundaries with the new Syrian government led by al-Julani. The goal is to expand Turkey’s influence in Mediterranean energy exploration. Implications for Oil Prices: Energy Exploration Opportunities: If Turkey successfully delineates maritime boundaries, it could lead to new oil and gas exploration activities in the Mediterranean. This would increase the long-term potential for energy supply, but the impact on oil prices would be delayed and dependent on successful discoveries. Geopolitical Risk Premium: Tensions surrounding maritime boundaries in the Eastern Mediterranean have previously caused geopolitical disputes (e.g., with Greece and Cyprus). The potential for disputes with other nations in the region could add a slight risk premium to oil prices. No Immediate Impact: Since this development involves negotiations and potential future exploration, it does not have an immediate impact on oil supply or demand. US to Finance Guyana’s Gas Power Buildout Key Details: The US Export-Import Bank approved a $526 million loan for a 300 MW natural gas-fired power plant in Guyana. The plant will utilize ExxonMobil's associated gas from the Stabroek block, reducing flaring and tapping into a previously unused energy source. Implications for Oil Prices: Gas as an Alternative to Oil: Increased natural gas production in Guyana could slightly offset demand for oil in power generation over the long term. However, this is unlikely to significantly impact crude oil demand globally. US vs. China Competition: The US financing reinforces its influence in Guyana, securing a foothold in the resource-rich region. This limits China's involvement but doesn't directly impact oil prices. Neutral Impact on Crude Oil: Since this involves natural gas and not oil, the direct impact on crude prices is limited. However, the increased utilization of gas could eventually reduce the flare gas associated with oil production, slightly improving efficiency in Guyana's oil operations. Overall Impact on Oil Prices Bullish Factors: Potential geopolitical disputes from Turkey’s maritime moves could introduce a risk premium into oil prices. Long-term developments in Guyana's energy infrastructure reinforce stable energy supply, indirectly supporting efficient oil production. Neutral or Limited Impact: Both developments are longer-term in nature, with no immediate effect on crude oil supply or demand. The news leans more towards a neutral to slightly bullish influence on oil prices. Turkey’s maritime delimitation talks could introduce some geopolitical uncertainty in the Mediterranean, which may support a minor risk premium. However, neither of these developments directly counters or strongly amplifies your bullish oil signal, which remains supported by other recent market-moving news (e.g., Suez disruptions, Shell refinery shutdown). 3 Shell Shuts Singapore Refinery After Leak. UK-based energy major Shell (LON:SHEL) shut down one of its oil processing units at the 237,000 b/d Pulau Bukom refinery in Singapore after the nation’s Port Authority reported a leak of oil products together with the cooling water discharge. Mongolia Walks Back France Uranium Deal. The government of Mongolia has retracted the announcement of reaching a $1.6 billion deal with France’s uranium mining giant Orano, marking another odd roadblock on the way towards launching the Zuuvch Ovoo mine, in development since 2013. 👉I nterpretation of this oil trading news: Here’s how these developments could impact the oil market and your bullish signal on oil prices: Shell Shuts Singapore Refinery After Leak Key Details: Shell has shut down an oil processing unit at the Pulau Bukom refinery (237,000 barrels per day capacity). The shutdown was caused by a leak reported alongside cooling water discharge. Implications for Oil Prices: Tightened Refining Capacity: With one of Asia’s major refining facilities partially offline, there will be reduced supply of refined products like gasoline, diesel, and jet fuel in the region. This could support higher refined product prices, indirectly boosting crude oil demand as refineries aim to maintain supply levels. Short-Term Supply Disruption: Depending on the duration of the shutdown, the disruption could lead to localized supply shortages and increased imports to meet demand, which is bullish for oil prices. Environmental and Regulatory Fallout: If the shutdown is prolonged due to environmental regulations or extensive repairs, the market could factor in sustained supply tightness. 2. Mongolia Walks Back France Uranium Deal Key Details: Mongolia has retracted its announcement of a $1.6 billion deal with France’s Orano for developing the Zuuvch Ovoo uranium mine. The project, in development since 2013, faces yet another delay. Implications for Oil Prices: Energy Diversification Delays: Delays in uranium mining projects hinder the global transition to nuclear energy, which is seen as a long-term competitor to oil and gas. This keeps oil demand relatively higher in the medium term. Market Sentiment: Although this news doesn't directly affect oil supply or demand in the short term, it underscores uncertainties in alternative energy projects, potentially reinforcing the importance of fossil fuels for global energy security. Overall Impact on Oil Prices Bullish Factors: The Shell refinery shutdown could tighten regional supply and indirectly boost crude oil demand to support refining operations. Mongolia's uranium deal setback highlights delays in alternative energy development, indirectly supporting continued oil reliance. Neutral or Limited Impact: The uranium deal issue has no immediate bearing on oil markets but contributes to long-term energy security discussions. Conclusion The Shell refinery shutdown aligns well with bullish signal, as it adds a layer of supply disruption to the oil market. While the Mongolia news has less immediate impact, it reflects ongoing challenges in energy diversification, subtly reinforcing oil's role in the energy mix. Together, these developments lean towards a supportive outlook for higher oil prices in the short term. 4 All these news matter: While we got early bullish signals during the last days,now more news are released.Houthi Warfare Drains Egypt Suez Revenue. Egypt reported that its Suez Canal revenues have plunged by 60% year-over-year in 2024 as Houthi maritime warfare cost the North African country at least $7 billion, worsening Cairo’s plight as the Egyptian pound slid to a record low over the past month. Libya’s Two Governments to End Fuel Subsidies. Libya’s Benghazi government agreed to a proposal from the rival Tripoli government to end fuel subsidies in the war-torn country, with gasoline prices remaining artificially low at $0.11 per gallon, the second-cheapest in the world. Interpretation of oil trading news today: Here’s how the two developments could influence the oil market, particularly in light of your bullish signal on oil prices: Houthi Warfare Drains Egypt Suez Revenue Key Details: Suez Canal revenues are down 60% year-over-year due to Houthi maritime attacks. Losses of $7 billion exacerbate Egypt’s economic woes amid a record low for the Egyptian pound. Implications for Oil Prices: Supply Chain Disruption: The Suez Canal is a critical chokepoint for global oil and gas shipments. If Houthi attacks escalate or disrupt transit, it could delay shipments and increase transportation costs, creating upward pressure on oil prices. Risk Premium: Geopolitical instability in the region adds a risk premium to oil prices, as traders factor in potential disruptions. Currency Devaluation Impact: The weakening Egyptian pound might not directly influence oil prices, but it reflects economic instability that could worsen if the Suez remains compromised. Libya’s Two Governments to End Fuel Subsidies Key Details: Rival governments in Libya are cooperating to end fuel subsidies. Gasoline prices, currently at $0.11 per gallon (among the cheapest globally), are set to rise. Implications for Oil Prices: Higher Domestic Costs: Removing subsidies could reduce Libya’s domestic fuel consumption, leaving more oil and refined products for export. Market Balance: Increased exports from Libya could counteract some supply tightness caused by other factors, potentially capping oil price increases. Political Stability: This rare cooperation between Libya’s rival governments could indicate improving governance, which might increase Libya’s crude production and exports in the long term. This could have a bearish effect on oil prices if the market views it as a stabilizing factor. Overall Impact on Oil Prices Bullish Factors: Suez Canal disruptions and geopolitical instability add to the risk premium on oil. Supply chain concerns may tighten market sentiment. Bearish or Neutralizing Factors: Libya’s subsidy removal could lead to increased exports, easing supply pressures. What to Watch For: Suez Canal Traffic: Any further disruptions or escalations in Houthi maritime warfare could amplify bullish momentum in oil prices. Libya’s Export Trends: Monitor whether Libya increases its crude oil and product exports following the subsidy removal. In summary, the Suez Canal situation supports the bullish signal you've received, as it poses a significant risk to global oil logistics. Libya’s subsidy removal might introduce a balancing effect but seems less likely to fully offset the bullish momentum from Middle East instability. More Tensions in the middle east in 2025 building Under Pressure, Iraq to Cut Gas Flaring. Amidst reports that Donald Trump might sanction Iraq’s imports of Iranian natural gas, Baghdad promised to cut flaring volumes by around 20% next year to meet rising demand, expecting to capture more than 85% of associated natural gas production. Finland Seizes Suspicious Russian Tanker. Finland’s coast guard has boarded and seized the Eagle S tanker carrying Russian oil in the Baltic Sea on suspicion of having caused an outage of an undersea electricity cable connecting Finland and Estonia, investigating potential sabotage. Beijing Issues 2025 Product Export Quotas. China’s Ministry of Commerce issued the first batch of refined product quotas for next year totaling 19 million tonnes, unchanged year-over-year, with recent changes to the country’s 13% export tax rebate making gasoline and diesel exports sub-commercial. The news from Beijing about product export quotas and the export tax rebate has several potential implications for the oil market, particularly refined products like gasoline and diesel, which could indirectly influence crude oil prices. Here's a breakdown: Key Points: Unchanged Export Quotas (19 Million Tonnes): The quota is the same as last year, suggesting that China isn't planning a significant increase or decrease in refined product exports. A stable quota means China's refining capacity and crude oil import needs might not shift drastically in the near term. Export Tax Rebate Adjustment: China's 13% export tax rebate on refined products like gasoline and diesel has been adjusted, making exports less profitable or even "sub-commercial" (not economically viable). This discourages the export of refined products, potentially keeping more supply within China for domestic consumption. Implications for Oil Prices: Domestic Market Focus: If China prioritizes domestic consumption over exports, its domestic demand for crude oil (used to produce refined products) might stay strong. This can be bullish for crude oil prices as China's overall demand remains a key driver. Global Supply Dynamics: Reduced exports of gasoline and diesel from China could tighten global supply of these refined products, potentially driving up their prices. Higher refined product prices could encourage refineries worldwide to increase crude oil processing, boosting crude oil demand. Market Sentiment: The market might interpret this as a sign of strong domestic demand in China, which is generally positive for oil prices. However, if global economic concerns dominate, the muted export quotas might limit the bullish effect. Oil Price Volatility: Oil prices could see short-term bullish momentum due to perceived demand strength and tighter refined product supply globally. Traders might also be cautious, monitoring other factors like global economic data, OPEC+ decisions, and geopolitical tensions. Conclusion: This news leans slightly bullish for crude oil, as it signals steady domestic demand in China and potentially tighter global supply for refined products. However, how oil prices react depends on broader market sentiment and other macroeconomic factors. Since you've received a bullish signal on oil, the news could support the signal, but always keep an eye on additional developments and technical confirmations in the market.
OANDA:WTICOUSDLong
by DaveBrascoFX
WTI OIL Will it hold the 4H MA200 and rebound?WTI Oil (USOIL) almost tested on yesterday's pull-back the 4H MA200 (orange trend-line), following Monday's rebound on the former Lower Highs trend-line. This technical shift from a Resistance level turning Support, signifies the emergence of a new Channel Up pattern, which needs to hold the 4H MA200 in order to materialize the new Bullish Leg to a new Higher High. The pattern's first Higher High was priced on the 71.45 Resistance (1) and if the current Higher Low holds at the bottom of the Channel Up, we expect an equally powerful Bullish Leg for the next Higher High. However the 1D MA100 (red trend-line) needs to break as it currently poses the strongest Resistance, having rejected the uptrend not just on the Resistance 1 test (December 13) but also yesterday (December 26). As a result, if this level breaks, we expect the trend to hit at least Resistance 2 with our Target being $72.80. ------------------------------------------------------------------------------- ** 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:USOILLong
by TradingShot
Trading Plan: WTI Crude OilBased on my proprietary indicators, I maintain a bearish view on WTI Crude Oil. I am anticipating a downside target of ₹5800 (target open until 15th January 2025). Current Position: Holding short positions in MCX Crude Oil January 2025 expiry futures from ₹6025 levels. Intend to add more shorts if prices move to higher levels. Risk Management: Stop-loss and risk parameters are carefully planned but not disclosed here for strategic reasons. Position sizing is aligned with my overall risk appetite and trading capital. Disclaimer: This trading plan represents my personal views and trading decisions and is shared for informational purposes only. Trading in crude oil futures involves significant risk and may not be suitable for all investors. Readers should not consider this as financial advice and must conduct their own research or consult with a certified financial advisor before making any trading or investment decisions. Past performance of proprietary indicators is not indicative of future results.
MCX:CRUDEOIL1!Short
by IndexAce
WTI - the fate of oil next year!WTI oil is above the EMA200 and EMA50 in the 4-hour timeframe and is moving in its ascending channel. In case of a downward correction towards the zone, the next purchase of oil will be offered with a reward suitable for us. Analysts believe that the global oil market will be well-supplied in the coming year due to increased oil production from non-OPEC+ countries and limited growth in global oil demand. Despite uncertainties surrounding 2025, experts maintain a cautious outlook on crude oil prices. By the end of 2024, investment banks projected that oil prices in 2025 would remain around $70 per barrel of Brent. However, the potential escalation of trade tensions poses a downside risk to prices. Market observers are aware that oil price forecasts are often inaccurate. Yet, considering current fundamentals and geopolitical developments, experts generally hold a more negative than positive view on oil prices for the next year. Most analysts and investment banks anticipate a supply surplus in the oil market for 2025, even if OPEC+ adheres to its current plan to reduce production starting in April 2025. In December, OPEC+ announced a delay in its planned 2.2 million barrels per day production cut from January to April 2025. Additionally, the group extended the timeline for fully reversing these cuts to September 2026. According to investment banks, while OPEC+’s decision may reduce the anticipated surplus, the market will still experience oversupply. ING commodity strategists Warren Patterson and Ewa Manthey noted in a recent report: “For now, we forecast the oil market to face a surplus next year, although much will depend on OPEC+’s production policies.” The International Energy Agency (IEA) has long predicted a significant supply surplus in 2025. In its monthly report, the IEA stated that even if OPEC+ maintains its current production levels throughout 2025, there would still be a daily surplus of 950,000 barrels. If OPEC+ halts voluntary production cuts at the end of March 2025, this surplus could rise to 1.4 million barrels per day. The IEA also forecasts that global oil demand will increase by 1.1 million barrels per day next year. However, this growth will not be sufficient to absorb the additional supply from non-OPEC+ producers, primarily the U.S., Brazil, and Guyana. Additionally, weak consumption data from China indicates that demand this year has been below initial projections. OPEC has also reduced its oil demand growth forecasts for 2024 for five consecutive months. In its December Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) reported that if OPEC+ implements its recent production cut decisions, global oil inventories would rise by an average of 100,000 barrels per day starting in the second quarter of next year. The EIA further predicted that this inventory increase would exert downward pressure on crude oil prices by late 2025, with Brent prices declining from an average of $74 per barrel in Q1 2025 to $72 per barrel in Q4 2025. The agency estimates that the average annual Brent oil price in 2025 will be $74 per barrel, down from this year’s average of $80 per barrel. Recent surveys also reflect this trend, as analysts have lowered their oil price forecasts due to weak demand and robust supply growth. Some experts argue that stricter U.S. sanctions on Iran and heightened geopolitical tensions might support prices early next year. However, overall weak demand forecasts are expected to exert significant downward pressure on oil prices. China’s accommodative monetary policy could boost its economy and oil demand, but President-elect Trump’s promise to increase tariffs on China poses risks to economic growth, trade, and oil demand. Saxo Bank recently stated that China’s latest economic stimulus measures and the likelihood of further monetary easing could offset the impact of U.S. tariffs in 2025, signaling Beijing’s determination to prevent a severe economic downturn.
TVC:USOILLong
by Ali_PSND
WTI Oil H1 | Rising into multi-swing-high resistanceWTI oil (USOIL) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 70.37 which is a multi-swing-high resistance. Stop loss is at 70.70 which is a level that sits above a swing-high resistance. Take profit is at 69.48 which is an overlap support that aligns with the 50.0% Fibonacci retracement. 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:USOILShort
by FXCM
USOIL Is Very Bearish! Short! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 70.339. Taking into consideration the structure & trend analysis, I believe that the market will reach 69.359 level soon. 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!
VANTAGE:USOUSDShort
by SignalProvider
1
What Is the Difference Between Brent and WTI Crude OilWhat Is the Difference Between Brent and WTI Crude Oil for Traders? Brent Crude and WTI are two of the most important oil benchmarks in the world, influencing global markets and trading strategies. While both represent high-quality crude, they differ in origin, composition, pricing, and market dynamics. This article explores questions like “What is Brent Crude?”, “What is WTI Crude?”, and “What is the difference between Brent and crude oil from West Texas?”, helping traders navigate their unique characteristics. Brent Oil vs Crude Oil from West Texas Brent Crude and West Texas Intermediate (WTI) are two primary benchmarks in the global oil market, each representing distinct qualities and origins. What Is Brent Crude Oil? Brent Crude originates from the North Sea, encompassing oil from fields between the United Kingdom and Norway, like Brent, Forties, Oseberg, Ekofisk, and Troll. This region's offshore production benefits from direct access to sea routes, facilitating efficient transportation to international markets. The North Sea's strategic location allows Brent Crude to serve as a global pricing benchmark and influence oil prices worldwide. This blend is slightly heavier and contains more sulphur compared to WTI. Despite this, Brent Crude is extensively traded and serves as a pricing reference for about two-thirds of the world's oil contracts, primarily on the Intercontinental Exchange (ICE). What Is WTI Crude Oil? West Texas Intermediate is primarily sourced from US oil fields in Texas, North Dakota, and Louisiana. The landlocked nature of these production sites means that WTI relies heavily on an extensive network of pipelines and storage facilities for distribution. A key hub for WTI is Cushing, Oklahoma, which serves as a central point for oil storage and pricing. This infrastructure supports WTI's role as a benchmark for US oil prices. Known for its lightness and low sulphur content, West Texas Crude is ideal for refining into gasoline and other high-demand products. WTI serves as a major benchmark for oil prices in the United States and is the underlying commodity for the New York Mercantile Exchange's (NYMEX) oil futures contract. Brent and WTI Crude Oil CFDs Most retail traders interact with Brent and WTI through Contracts for Difference (CFDs) instead of futures contracts. CFDs enable traders to speculate on price fluctuations without having to own the underlying physical oil. Instead, they open buy and sell positions and take advantage of the difference in the price from the time the contract is opened to when it’s closed. This makes CFDs a popular choice for retail traders looking to make the most of short-term price fluctuations in oil without the complexities of physical ownership, storage, or delivery. CFDs also offer leverage, allowing traders to control larger positions with smaller capital. You can trade Brent and WTI crude oil at FXOpen with tight spreads and low commissions! Check the recent oil prices at the TickTrader trading platform. Quality and Composition Differences Brent Crude is classified as a light, sweet crude oil. It has an API gravity of approximately 38 degrees, indicating a relatively low density. Its sulphur content is about 0.37%, making it less sweet compared to WTI. Brent's composition is well-suited for refining into diesel fuel and gasoline, which are in high demand globally. But what is WTI like? Known for its superior quality, WTI boasts an API gravity of around 39.6 degrees, making it lighter than Brent. Its sulphur content is approximately 0.24%, classifying it as a sweeter crude. This lower sulphur content simplifies the refining process, allowing for the production of higher yields of gasoline and other high-value products. These differences in API gravity and sulphur content are significant for refiners. Lighter, sweeter crudes like WTI are generally more desirable because they require less processing to meet environmental standards and produce a higher proportion of valuable end products. However, the choice between Brent and WTI can also depend on regional availability, refinery configurations, and specific product demand. Trading Volumes and Market Liquidity Brent Crude and WTI both see significant trading volumes, but they differ in terms of their market liquidity and global reach. As mentioned above, Brent Crude is widely traded on international markets, and it serves as the pricing benchmark for roughly two-thirds of the world's oil contracts. Its broad appeal comes from being a global benchmark, which makes it highly liquid in global exchanges like ICE Futures Europe. This high liquidity means traders can buy and sell contracts with relative ease, often with tighter spreads. As a result, it’s popular among traders looking for high-volume, internationally-influenced oil exposure. On the other hand, WTI is primarily traded in the US through exchanges like the NYMEX (New York Mercantile Exchange). While still highly liquid, WTI's trading volumes tend to be more concentrated within the US market. Despite this, it remains a crucial benchmark, especially for traders focusing on the US oil industry. Its close ties to the domestic market mean liquidity can be slightly more affected by US-specific factors. Pricing Influences and Differences Between Brent and WTI The geographic focus and market influence distinguish WTI Crude vs Brent oil. Brent is a globally traded benchmark, making it more reactive to international forces, while WTI’s market is more US-centric, with pricing heavily influenced by domestic factors and energy dynamics. Therefore, Brent Crude and WTI often trade at different prices, with Brent Crude typically priced higher. This price difference, known as the Brent-WTI spread, reflects the varying dynamics between global and US markets. Traders keep a close eye on this spread, as it signals the relative strength of international versus US oil markets. Price Influences for Brent Crude - Geopolitical events: Brent is highly sensitive to tensions or conflicts in major oil-producing regions like the Middle East and North Africa. Any disruptions to supply routes or production in these areas can cause its prices to spike. - OPEC+ decisions: Since many OPEC+ members produce oil that influences Brent’s pricing, their decisions on production cuts or increases have a direct impact on its price. A reduction in global output typically raises prices. - Global shipping and transport logistics: Brent is traded internationally, so shipping costs, potential blockages in transport routes (e.g., the Strait of Hormuz), and other logistics play a role in price movements. - Global energy demand: Trends in global demand, especially from key regions like Europe and Asia, affect pricing. For instance, economic growth in these regions tends to push prices higher. Price Influences for WTI - US shale oil production: WTI is highly responsive to the levels of US shale oil output. When production surges, oversupply can put downward pressure on prices. - US oil inventory levels: Key storage hubs like Cushing, Oklahoma, are crucial for pricing. Rising inventory levels signal oversupply, which typically lowers prices, while declining inventories may indicate higher demand and push prices up. - Pipeline and transportation infrastructure: Bottlenecks in US oil pipelines or delays in transportation can influence WTI pricing. For instance, limited capacity in pipelines can restrict oil flow to refineries, leading to fluctuations in prices. - Domestic energy policies: Government regulations, taxes, or subsidies affecting US energy production can impact prices, with changes in drilling activity or environmental policies influencing supply levels. Which Oil Should Traders Choose? When deciding between WTI vs Brent, traders consider their market focus, trading strategy, and the factors driving each benchmark. Here’s an overview of what might help you choose: 1. Geopolitical Focus - Brent Crude is more sensitive to global geopolitical events, making it a strong choice for traders who focus on international markets. If you analyse global tensions, OPEC+ decisions, or international energy policies, Brent is likely more relevant. - WTI is less influenced by global events and more driven by US domestic factors. Traders focused on US politics, infrastructure, and energy policies may find WTI a better fit. 2. Market Liquidity and Trading Volume - Brent Crude is widely traded across global exchanges, giving it strong liquidity. It’s ideal for traders who prefer access to international markets and global trading volumes. Its liquidity also makes it attractive for those trading larger volumes or seeking tighter spreads. - WTI has high liquidity as well, but it’s more concentrated in US markets. This makes it better suited for traders with a specific interest in US oil dynamics. 3. Price Volatility - Brent Crude tends to react more to geopolitical shocks, meaning it can experience more volatility from global crises. Traders looking for opportunities driven by international supply disruptions or geopolitical risks might prefer Brent. - WTI is typically influenced by domestic production and inventory levels, which can result in different volatility patterns. US-focused traders or those tracking domestic shale oil production often gravitate toward WTI for its more region-specific volatility. 4. Regional Focus - Brent Crude is favoured by traders who have a global outlook or trade oil products tied to European, Asian, or African markets. - WTI is a solid choice for traders interested in US oil markets or those who rely on data from domestic US reports like the EIA. The Bottom Line In summary, understanding the differences between Brent Crude and WTI is crucial for traders analysing global oil markets. Both benchmarks offer unique opportunities depending on your trading strategy and market focus, whether you prefer the global influence of Brent or the US-centric dynamics of WTI. To get started with Brent and WTI CFDs, consider opening an FXOpen account for access to these key markets alongside low-cost trading conditions. FAQ Why Is Oil Called Brent Crude? Brent Crude gets its name from the Brent oil field located in the North Sea, discovered by Shell in the 1970s. The name "Brent" was derived from a naming convention based on birds—specifically, the Brent goose. Over time, it’s become the benchmark for oil produced in the North Sea, now serving as a global pricing standard for much of the world's oil supply. What Does WTI Stand For? WTI stands for West Texas Intermediate. It refers to a grade of crude oil that is primarily produced in the United States, specifically from oil fields in Texas, North Dakota, and surrounding regions. WTI is one of the key benchmarks for oil pricing, particularly in North America. Is Brent Crude Sweet or Sour? Brent Crude is considered a light, sweet crude oil. It has a low sulphur content, making it easier to refine into high-value products like gasoline and diesel. However, it contains slightly more sulphur than WTI, which is why it's marginally classified as less sweet. Why Is Brent Always More Expensive Than WTI? Brent is often more expensive than WTI due to its global demand and greater sensitivity to geopolitical risks. Brent is influenced by international factors, including OPEC+ decisions and conflicts in key oil-producing regions, which often lead to supply disruptions. WTI, meanwhile, is more affected by domestic US supply and demand. Is Saudi Oil Brent or WTI? Saudi oil is neither Brent nor WTI. It falls under its own classification, primarily as Arabian Light Crude. However, Brent Crude is often used as a pricing benchmark for oil exports from Saudi Arabia and other OPEC nations. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XBRUSDEducation
by FXOpen
1
WTI Oil H4 | Swing-high resistance at 50% Fibonacci retracementWTI oil (USOIL) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 69.85 which is a swing-high resistance that aligns with a 50% Fibonacci retracement. Stop loss is at 70.66 which is a level that sits above the 61.8% Fibonacci retracement and a swing-high resistance. Take profit is at 68.52 which is a swing-low 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. 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:USOILShort
by FXCM