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Crude Oil Brent

CRUDE OIL (WTI) Your Detailed Trading Plan 🛢 WTI Crude Oil is approaching a key daily supply area. The market was nicely rejected from that last week. Analyzing the intraday perspective, I spotted a head & shoulders pattern on 4H time frame. 79.55 - 80.2 is its neckline. To short the market with a confirmation, wait for its bearish breakout. We need a 4H candle close below that to make a breakout valid. A bearish continuation will be expected then. Goals: 77.7 / 76.5 If the price respects a neckline and sets a new high then, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
8
USOIL H8: 20% Gains CORRECTION setup SHORT/HOLD(NEW)(SL/TP)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! USOIL H8: 20% Gains CORRECTION setup SHORT/HOLD(NEW)(SL/TP) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: USOIL H8 chart review ::: chart is LOG SCALE ::: setup still valid expecting ::: 20% gains final TP BEARS ::: continuation setup strong DOWNTREND ::: sequence of lower highs in progress ::: cycle low for oil market at 60 USD/ bbl ::: BEARS maintain strategic control ::: 87.50 BEARS get ready to SHORT/HOLD ::: from overhead resistance / 3 drives ::: BEAR CYCLE not over yet ::: DO NOT BUY yet into BEAR MARKET ::: lower highs 96.50 // 91.50 // 87.50 ::: SHORT rips/rallies and get paid ::: 20% gains conservative TP BEARS ::: WAIT for rips/rallies and SHORT IT ::: recommend to SHORT/HOLD ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: N/A fresh demand zone ::: N/A fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BULLS / MORE GAINS ::: Sentiment outlook mid-term: BEARS / SUPER CYCLE RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:USOILShort
by ProjectSyndicate
55
UKOUSD - Fibonacci confluence area is located at 81.10UKOUSD - Intraday - We look to Sell at 84.00 (stop at 85.30) A Fibonacci confluence area is located at 81.10. Selling posted in Asia. We have a Gap open at 83.88 from 22/11 to 28/11. The sequence for trading is lower lows and highs. Previous support, now becomes resistance at 83.94. Our profit targets will be 81.10 and 79.90 Resistance: 83.88 / 83.94 / 88.01 Support: 81.10 / 79.90 / 78.07 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
VANTAGE:UKOUSDShort
by VantageMarkets
USOIL Weekly Forecast Analysis 28 Nov-2 Dec 2022 USOIL Weekly Forecast Analysis 28 Nov-2 Dec 2022 We can see that this week, the current implied volatility is around 6.37% , down from 6.6% of last week. According to ATR calculations, we are currently on the 85th percentile, while with OVX we are on 88th percentile. Based on this data, we can expect on average, the movement from open to close of the weekly candle to be : In case of bullish - 5.25% In case of bearish - 4.6% With the current IV calculation, we have currently 27.6% that the close of the weekly candle is going to finish either above or below the next channel: TOP: 81.5 BOT: 71.5 At the same time, taking into consideration the high/low touch calculation from the previous values, we can expect for this week: 70% chance that we are going to touch the previous low of the weekly candle of 75.5(ALREADY HIT) 30% chance that we are going to touch the previous high of the weekly candle of 82.3 Lastly from a technical analysis point of view, currently 65% of the moving averages rating, are insinuating we are in a BEARISH trend.
TVC:USOIL
by exlux
📖EURUSD-11/22/2022-US dollar is back in play📉📅 Date: 11/22/2022 ➡️ Trading instrument: EURUSD 📊 Priority direction: SELL 💬 Comment: The single European currency has not yet been able to overcome the resistance area of ​​1.03604 - 1.05191. This wide range is likely to be tried again by buyers. As expected, the maximum that will be so is a hike to the level of 1.03604, that is now acting as resistance. A more likely scenario is a further fall from the level of 1.02609. Support level 1.01327 is a conservative target. Support level 1.00011 is also an adequate target, a more medium-term target. By the end of the year, it is unlikely that we would have to observe levels ​​much higher than the parity level for the EURUSD currency pair. The price would most likely be fixed below this level. ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
Short
by TradePlus-Fx
1
CRUDE OIL DIPS AFTER CHINESE DEMAND WORRIESUSOIL has made another drop of 18% after a high visit closed to $93 on the daily timeframe. This drop confirms that the price has revisited the following daily highlighted support close to the current market price of $76. We have seen a minor buying pressure close to this level which can be supportive of a bullish reversal. On the hourly timeframe, I have witnessed that the price formed a nice "M" formation or a double tops formation which is another supporting setup for the idea of a bullish reversal. The target expected on the bullish reversal is close to the neckline holding $82. Oil prices fell 2% on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures settled down $1.71, or 2%, to trade at $83.63 a barrel, having retraced some earlier gains. China, the world's top oil importer, on Friday reported a new daily record for COVID-19 infections, as cities across the country continued to enforce mobility measures and other curbs to control outbreaks. This is starting to hit fuel demand, with traffic drifting down and implied oil demand around 1 million barrels per day lower than average. Trading is expected to remain cautious ahead of an agreement on the price cap, due to come into effect on Dec. 5 when an EU ban on Russian crude kicks off, and ahead of the next meeting of the Organization of the Petroleum Exporting Countries and allies on Dec. 4.
TVC:USOILLong
by traderchamp_
2
Look at what happened to CrudeEnergy prices traded sharply lower as news was released that the proposed cap on Russian oil export prices will not be binding on output. Overnight, Brent reversed strongly, breaking below the 88.00 price level to test the key support level of 83.93. Brent could retrace briefly before trading lower toward the next key support level of 80.00. Similarly, WTI reversed from the 82.00 price area to reach the key support area of 77.00. Although the price has rebounded to the 77.88 price level, further downside can be expected, with the next key support level at 75.33.
FX:UKOILShort
by JinDao_Tai
WTI Crude Oil, Weekly (log), The 2008 AnalogyThe actual USOIL weekly chart is confusingly similar to the 2008 daily chart. By analogy, the oil price should go south even to twenty-something dollars. The current economic situation confirms it, as the leading economic indicator (LEI) announces a recession in the near future. Also, moving average analysis confirms it. I matched the closest smoothing moving average (53), which was support after by candle closes (two taps) a year ago. And now, the same moving average was a strong resistance also with two taps by candle closes/opens.
TVC:USOILShort
by MichaelFX_ICT
USOIL - Deteriorating outlook On 7th November 2022, USOIL broke above the short-term resistance at 93.61$ and peaked at 93.73$. However, a few hours later, the breakout became invalidated, and the price started to drift lower. For the subsequent ten trading sessions, the price kept declining approximately 16% to a low of 77.24$ on the last Friday; before closing at 80.14$ that same day. In April 2021, we stated the oil market peaked, and the price was headed to 90$ in the long term, which was hit four months later. In addition to that, we provided several more short-term and medium-term price targets until the volatility started to pick up in late summer. Because of this elevated volatility, we announced that we would abstain from setting more price targets, except for a long-term one at 70$. Now, with the recession in full progress and the deteriorating outlook for the oil market, we are starting to reconsider the timestamp on our price target. We are considering updating the price target to medium-term (and potentially short-term after a while) depending on more oil market developments. With that being said, we will pay close attention to the rhetoric of the U.S. administration and the possibility of more SPR releases, which would lead to lower oil prices. Additionally, we will monitor the narrative of OPEC and other energy institutions for more oil market data that could suggest lesser oil demand and oil demand growth going forward. Technical analysis - daily time frame MACD broke below 0 points, which is very bearish. RSI and Stochastic are also bearish. DM+ and DM- performed a bearish crossover. Overall, the daily time frame is bearish. Although the trend remains weak, Illustration 1.01 The picture above shows the daily chart of USOIL and simple support/resistance levels. Technical analysis - weekly time frame RSI is bearish. Stochastic and MACD are neutral. DM+ and DM- are bearish. Overall, the weekly time frame is neutral. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
7
Crude Oil Volatility Analysis 21-25 Nov 2022Crude Oil Volatility Analysis 21-25 Nov 2022 We can see that currently the implied volatility for this week is around 5.83%, down from 6.3% last week according to OVX data (OIL Volatility Index ) With this in mind, currently from ATR point of view we are located in the 80th percentile, while according to OVX, we are on 77h percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 4.75% movement Bearish: 5.1% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 29.1% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 85.3 BOT: 75.2 Taking into consideration the previous weekly high/low, currently for this candle there is : 65% probability we are going to touch previous low of 77.5 31% probability we are going to touch previous high of 90.1 Lastly, from the technical analysis point of view, currently 66% of the weekly moving averages are in a bearish trend, and a combination of moving averages and oscillators are in 30% bearish stance
NYMEX:CL1!
by exlux
OIL, What's next?As the CPI numbers and the inflation numbers starts to slow and decrease, and banks are saying that 2023 inflation will drop even more. The oil is facing more down moves. The Saudi Arabia, needs a $75 per barrel to cover the government budget. but what if the decrease production to keep prices high, will be enough to cover the budget ?! In this chart, we are seeing too possible buys, with two possible scenarios. the first buy at $75.00 per barrel and the second one at $50.00 Always manage your risk in trading be for you enter the market. Regards.
TVC:UKOILShort
by ghattas360
WTI oil - Global oil demand is set to fall with deeper recessionIn the recent past, we abstained from setting price targets for the short and medium term. Meanwhile, we became focused on the long-term price target of 70$, which stays in place as we continue to be bearish on USOIL. Our view is based on the deepening recession and falling oil demand. Yesterday, the IEA Executive Director, Faith Birol, said in his interview with Bloomberg during the COP27 summit, "The recent decision of OPEC+ to cut the production by two million barrels a day was definitely not helpful." Additionally, he said that this move by the cartel was fueling inflation in developing countries and may require a "rethink". If his words come true, the world could see temporary stabilization of USOIL prices between 80$ and 90$. However, all depends also on Joe Biden, who currently does not support more drilling activity. Since the stance of the U.S. administration might quickly change (with an even deeper recession and end of midterms) and send prices much lower, we pay close attention to the energy dispute between the U.S. and OPEC. Technical analysis - daily time frame RSI, Stochastic, and MACD show signs of exhaustion. DM+ and DM- are bullish but due to cross each other. Overall, the daily time frame is neutral. Illustration 1.01 The image above shows the hourly chart of USOIL and simple sloping support/resistance levels. Interestingly, the immediate sloping support was broken to the downside, which is bearish. Technical analysis - weekly time frame RSI and MACD are neutral. Stochastic is bullish. DM+ and DM- are bullish. Overall, the weekly time frame is neutral. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
14