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Usoillong

Why Oil Bulls May Be Right: Signs of a Tightening MarketOil prices have experienced a volatile period in recent months, with concerns about global economic growth and geopolitical tensions battling it out with signs of a tightening physical market. However, for investors with a long-term perspective, recent developments suggest a potential bull run for oil, making it an attractive asset to consider. Here's a deeper dive into why going long on oil could be a strategic move: Tightening Physical Supplies: One of the most compelling arguments for a long position is the evidence of a tightening physical market. This is reflected in key timespreads, which compare the price of oil for immediate delivery to the price for delivery at a future date. In a healthy market with ample supply, the price of oil for immediate delivery would be lower than the price for future delivery (contango). However, when the physical market tightens, the opposite happens – the price of oil for immediate delivery becomes higher than the price for future delivery (backwardation). This phenomenon, currently observed in the oil market, suggests that there is a higher demand for oil right now than there is readily available supply. OPEC+ Production Cuts: Adding fuel to the fire are the production cuts implemented by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+. These cuts, aimed at supporting oil prices, have helped to restrict supply and contribute to the tightening market conditions. While OPEC+ is considering easing the cuts in the coming months, the extent of this easing and its impact on the market remain uncertain. Geopolitical Instability: Geopolitical tensions around the world, particularly in major oil-producing regions, can also disrupt supply and push prices higher. Recent events, such as ongoing conflicts or threats to critical infrastructure, highlight the vulnerability of the global oil supply chain. Limited Non-OPEC Growth: While concerns persist about a potential slowdown in global economic growth, particularly in China, the anticipated increase in oil production from non-OPEC members may be less pronounced than previously expected. This could further exacerbate supply constraints and bolster the case for oil bulls. However, some headwinds remain: It's important to acknowledge the countervailing factors that could dampen oil prices. The persistent issue of inflation in the US, for instance, could lead to interest rate hikes by the Federal Reserve. This, in turn, could strengthen the US dollar and make oil, priced in dollars, more expensive for buyers using other currencies, potentially dampening demand. Conclusion: Despite these headwinds, the evidence of a tightening physical market, coupled with OPEC+ production cuts, geopolitical uncertainties, and limited non-OPEC growth, paints a compelling picture for a potential oil price rally. For investors with a long-term perspective, strategically going long on oil could be a profitable decision. However, careful monitoring of factors that might impact supply and demand, such as global economic conditions and policy decisions, is crucial for managing risk and making informed investment choices.
TVC:USOILLong
by bryandowningqln
Crude oil bottoms out and continues to riseCrude Oil Technical Analysis Daily resistance is 83.4-85.7, support below is 80-78 Four-hour resistance is 83.4, support below is 81-80 Crude oil operation advice: Crude oil fell first and then rose yesterday, ushering in a deep v bottom, rebounding and breaking through the high. The price of the Asian and European markets was under pressure and fell back to the 83 mark. In the evening, it fell rapidly downward and pierced the 80.9 mark before the US market and stabilized and rebounded. The strong consecutive positive trend led to a breakthrough and stood on the 83 line, which opened in the morning, and continued to strengthen. Finally, the closing accelerated and broke through the 83.5 line to close strongly. The overall price stabilized with secondary support at the 80.9 mark. The short-term price once again returned to the long-short wide shock range. Today, the lower support focuses on the 82.3-82 area, and the upper pressure focuses on around 85.70. We will continue to rely on this range to maintain the long-short wide range during the day. shock BUY:83.4-83.2 SELL:82.1-81.8 SELL:81.0-80.7 Technical analysis only provides trading direction!
TVC:USOILLong
by ActuaryJ
Why I Expect 200 Dollar USOIL Wti CrudeUsing momentum indicators (keltner channel) I've been watching this weekly rally and recent correction. Using the close, and the last wave, oil price could climb to astronomical levels in USD. There is a momentum shift of the correction, and the bull market for oil appears to be underway. At this pace, 200 by june is not far fetched. I expect the Dollar to lose significant strength, and costly measures enforced as an abysmal attempt to stifle inflation. Soon interest payments will become the largest expense if it hasn't already. There is much reason to worry about world markets right about now. Larger Pattern Breakout and here is the shift up close on the weekly: This is not financial advice.
TVC:USOILLong
by Mikhiavelli
33
USOIL / Supply Zone retracement -> Long Trade Active✅💡Hello Traders! I executed a long trade on USOIl as the price was rejected from the supply zone, indicating a weakness of bears. I expect a strong bullish move from this price. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible. ____________________________________ www.tradingview.com
TVC:USOILLong
by GoodTradeST
Crude oil continues to be bullish, focus on 87.7 resistance leveCrude oil analysis Daily resistance is 87.7, support below is 83.4 Four-hour resistance is 87.7, support below is 86.3 Crude oil operation advice: Today, focus on the strong pressure above 87.7 from the four-hour and daily levels, and the support below is around 86 and 83.4. When crude oil falls to 86 and 84 and is blocked, you can participate in the long position. BUY:86~86.3 BUY:84.0~84.5 SELL:87.3~87.7 Technical analysis only provides trading direction!
TVC:USOILLong
by ActuaryJ
Crude Oil's Bull Run No Signs of Stopping: Will It Soon Hit $90?Hi Realistic Traders, let's discuss the latest surge in WTI Crude Oil Price Why have Oil prices surged? In the second quarter of 2024, Russia plans to cut its crude oil production in line with OPEC+ agreements, gradually reducing output each month from April to June. This decision follows earlier cuts made in April 2023 and March 2024, with export reductions also phased in gradually. Meanwhile, tensions between Ukraine and Russia escalated over the weekend with both sides conducting airstrikes. Russia targeted Ukraine's western region of Lyiv and the capital, Kyiv, on Sunday, following drone strikes on Russian oil refineries in the Samara region on Saturday. In retaliation, Russia attacked Ukraine's energy infrastructure on Friday. These developments have heightened concerns about further escalation. After talking about the fundamental drivers, now let's delve into the technical analysis: In our technical analysis, we have identified several significant indicators suggesting a bullish trend in WTI Crude Oil. The consistent movement of the price above the EMA200 line indicates robust bullish momentum within the market. Moreover, the formation of both a Symmetrical Triangle and a Falling Wedge pattern implies a continuation of the bullish trend. The recent breakout from these patterns further reinforces the potential for an upward movement toward the target area. Additionally, the upward momentum indicated by the momentum indicator confirms the prevailing bullish sentiment in WTI Crude Oil. In summary, these technical signals collectively also support a favorable bullish outlook for the designated target. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on TVC:USOIL ." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
TVC:USOILLong
by financialfreedomgoals101
Oil Prices Surge on Rising Tensions in the Middle EastOil prices surged today, reaching their highest level since October 2023, amid heightened geopolitical tensions between Israel and Iran. The increase comes as Israel braces for a potential retaliatory strike from Iran following a recent Israeli attack on an Iranian diplomatic compound in Syria. This latest development adds another layer of uncertainty to the already volatile global oil market. Concerns about potential disruptions to oil supplies from the Middle East, a region that accounts for roughly one-third of the world's crude oil output, are driving prices higher. Rising Tensions Fuel Oil Price Rally News reports, citing sources familiar with the matter, suggest that Israel is preparing for a possible attack from Iran or its proxies in the coming days. This follows the Israeli airstrike on the Iranian diplomatic compound in Syria last week, which was widely seen as a significant escalation of tensions between the two nations. The United States and its allies believe that a major missile attack by Iran is imminent. This perceived threat of a wider conflict in the Middle East has sent shockwaves through the oil market. Investors are concerned that any military confrontation could disrupt oil production and exports from the region, leading to a significant supply shortfall. This perception of risk is reflected in the options market, where traders are actively buying call options – contracts that give the buyer the right, but not the obligation, to purchase oil at a certain price by a certain date. The increased demand for call options suggests that many investors are anticipating a further rise in oil prices. Analysts Weigh In: Bullish vs. Cautious Analysts are divided on the potential impact of the current situation on oil prices. Some, like those at Commerzbank, believe that a direct confrontation between Israel and Iran would be a "game-changer" for the oil market, leading to a significant and sustained price increase. Others, however, are taking a more cautious approach. The International Energy Agency (IEA) released its monthly report today, downgrading its outlook for global oil demand this year and next. The report cites the ongoing economic slowdown in China, the world's largest oil importer, as a key factor behind the downward revision. Beyond the Middle East: Other Factors at Play While the Israel-Iran tensions are currently the dominant factor driving oil prices higher, it's important to remember that other factors are also at play in the global oil market. • Limited Spare Capacity: OPEC, the world's leading oil producer cartel, and its allies, known collectively as OPEC+, have limited spare production capacity. This means that if there is a disruption in oil supplies from the Middle East, it will be difficult to quickly replace the lost barrels. • Geopolitical Risks Beyond the Middle East: Recent attacks on Russian energy infrastructure by Ukraine have also contributed to the overall sense of unease in the oil market. • Post-Pandemic Recovery: The ongoing global economic recovery from the COVID-19 pandemic continues to drive up demand for oil, particularly in transportation sectors. The Road Ahead: A Balancing Act The future path of oil prices will depend on how the situation in the Middle East unfolds. If a wider conflict is averted, oil prices could moderate somewhat, especially if the IEA's concerns about slowing demand materialize. However, if tensions escalate and there is a significant disruption to oil supplies from the Middle East, then a sustained price increase is highly likely. Additionally, how OPEC+ responds to the evolving situation will also be a key factor. The cartel is currently scheduled to meet in May to discuss production quotas. If they decide to maintain their current production levels or even cut output, it could further tighten the market and push prices even higher. Impact on Consumers and Businesses Rising oil prices have a ripple effect throughout the global economy. Consumers are likely to see higher prices at the pump, as gasoline and diesel costs typically track the price of crude oil. Businesses that rely heavily on oil and other energy sources will also face higher input costs, which could lead to higher prices for goods and services across the board. This could further dampen economic growth, especially in countries that are already grappling with high inflation. Conclusion: A Volatile Market with High Stakes The oil market is currently in a state of high uncertainty. The rising tensions in the Middle East are a significant risk factor, but they are not the only factor at play. The interplay of supply and demand dynamics, the actions of OPEC+, and the overall health of the global economy will all play a role in determining the future path of oil prices. In the short term, oil prices are likely to remain volatile as investors grapple with the potential for a wider conflict in the Middle East. In the long term, the outlook for oil prices will depend on a complex mix of factors, making it difficult to predict with certainty where they will go from here.
TVC:USOILLong
by bryandowningqln
USOIL: SELL @ 86.3-86.8 Yesterday, EIA was good for shorts. The market rebounded quickly after falling. It is now near the resistance level (86.3-86.8). The indicators show that shorts have the advantage, so the transaction can be sold in the resistance range first. The support is 85.6-85.2, which can be used as the TP level. If it falls below the support, look at the 84.4-83.3 range below. Pay attention to the rebound after falling below the support, and focus on the vicinity of 85.8. If there is no breakthrough, you can sell a second time. Then continue to pay attention to the support range. If the support is valid, close the short position and go long. If the support falls below, 84.8-84.4 can be used as the TP target.
TVC:USOILShort
by Allen_Ex
Hedge Funds Go Long Oil as Middle East Tensions SimmerBuckle Up for Black Gold: Hedge Funds Go Long Oil as Middle East Tensions Simmer Oil Bulls Charge as Geopolitical Heat Rises The rumble of tanks in the Middle East is echoing through financial markets, with hedge funds piling into long positions on oil futures at a record pace. This aggressive bullish stance is a direct response to intensifying conflict in the region, a major source of the world's crude. The So Long, So Short of It The logic is simple: supply disruptions = higher prices. When tensions flare and the threat of production or export interruptions looms large, the perception of scarcity sends chills down the spines of oil-dependent economies. This fear translates into action, with buyers willing to pay a premium to secure reliable supplies, pushing prices upwards. Hedge Funds See Green in the Black Hedge funds, notorious for their high-risk, high-reward strategies, see this geopolitical instability as a golden opportunity. By taking long positions in oil futures contracts, they're essentially placing a hefty bet that oil prices will continue their upward trajectory. If their predictions hold true, they stand to reap significant profits. Hold Onto Your Stetsons: Prices Could Go Wild Should the situation in the Middle East escalate further, potentially leading to a disruption in oil production or exports, brace yourselves for a price surge. This scenario would be a boon for the long-oil hedge funds, but a major headache for consumers and businesses worldwide, as energy costs would skyrocket. A Word to the Wise: Don't Get Bucked Off The oil market is a complex beast, influenced by a multitude of factors beyond geopolitical tensions. A diplomatic breakthrough or the emergence of alternative sources of supply could cause prices to plummet. Before jumping on the long-oil bandwagon, investors should carefully consider their risk tolerance and conduct thorough research. TradingView: Your Oil Market Oasis Navigate the volatile currents of the oil market with confidence using TradingView's robust charting tools and in-depth market analysis. Track oil price movements, stay updated on geopolitical developments, and leverage expert insights to make informed trading decisions. Disclaimer This article is for informational purposes only and should not be considered financial advice. Consult with a qualified financial professional before making any investment decisions.
TVC:USOILLong
by bryandowningqln
Crude oil still has room to rise, daily strategy updateDaily resistance is 85.5-88, support below is 82.6 Four-hour resistance is 85.5-86.5, support below is 84.2-83.5 Crude oil operation advice: Yesterday, crude oil also reached a new high, and the price also began to fall around 85.5. The overall trend above is in line with expectations. From the daily level analysis, the current big support below is around 82.6, and the pressure above is 88. BUY:83.2~83.5 BUY:83.8~84.2 SELL:88near Technical analysis only provides trading direction!
TVC:USOILLong
by ActuaryJ
1
USOil WTI Technical Analysis and Trade IdeaUSOil WTI Technical Analysis and Trade Idea In the video, we analyse a potential trading opportunity for USOil. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. It is crucial to incorporate sound risk management principles into your trading strategy. As always, please be aware that this information is strictly for educational purposes and should not be construed as financial advice.
TVC:USOILLong
by fxtraderanthony
Oil Price Forecast: A Potential Bullish ScenarioThe latest COT report, combined with the activity in the options market and technical and graphical analysis, suggests a potential bullish scenario for oil prices. The COT report indicates a bullish market sentiment for oil, with an increase in bullish commitments compared to the previous report. Recent activity in the options market suggests that traders are expecting oil prices to rise within the range of 82 to 86 in April this year. Technical and graphical analysis identifies push the range boundary, which could signal a bullish trend if the price manages to break through these levels. !!!This forecast should be treated as a starting point for further analysis and decision-making. !!!! It is important to note that market sentiment can change rapidly, and the forecast should not be considered as a guarantee of future price movements.
TVC:USOILLong
by ClashChartsTeam
Crude oil continues to be bullish after correctionCrude Oil Technical Analysis Daily resistance is 82-83, support below is 80.45 Four-hour resistance is 82.5, support below is 80.5 ✅Crude oil operation suggestions: Crude oil prices edged higher as a weaker dollar and renewed geopolitical tensions in the Middle East and Eastern Europe heightened concerns about supply disruptions. Recent Ukrainian attacks on Russian oil infrastructure have caused disruptions at Russian refineries, with at least seven refineries hit this month alone. This increases demand for available crude oil transportation. Looking at crude oil from the daily chart level, after reaching a new high around 83, oil prices showed a downward adjustment pace. The strength of its pullback is limited. The rise remains unchanged in the medium term. BUY:near 81.71 BUY: near 80.50 SELL:near 84.00 Technical analysis only provides trading direction!
TVC:USOILLong
by ActuaryJ
1
Oil correction is a buying opportunity The news is likely to boost oil prices. Geopolitical factors have affected oil reserve inventories. Oil inventories this week will be significantly lower than expected. leading to increased market demand In terms of trend, there is a certain degree of over-rising behavior in the market, but the trend is still a bullish trend. If the price falls back to the low price within the day, you can still buy. Focus on the buying position in the range of 3.9-83.5. This week’s focus will be on the release of API and EAI data. Related Products: MATBAROFEX:WTI1! BLACKBULL:USOIL.F FX:USOILSPOT NYMEX:WTI1!
TVC:USOILLong
by T0_messenger
"Is the US Oil Market on the Brink of a Transformation?” 🛢️📈Ahoy, fellow trader! 🌟 Let's set sail on the high seas of oil trading, where the winds of fortune blow and the waves of volatility crash. 🛢️ **USOIL** (that's WTI Crude Oil for landlubbers) is currently dancing around the **$83** mark like a tipsy sailor at a tavern. 🕺 The resistance levels are like stubborn portcullises guarding the treasure chest: **$83** and **$83.50**. Will our brave oil buccaneers breach these walls and plunder the riches beyond? 🏴‍☠️ But wait, there's more! 📜 The support levels are our sturdy lifeboats: **$80.30** and **$80.00**. If the ship starts taking on water, these levels might keep us afloat. 🚢 Why is oil suddenly hotter than a dragon's breath? 🐉 Well, the Federal Reserve might just cut interest rates, making the dollar less attractive than a soggy biscuit. Investors, like magpies drawn to shiny things, are eyeing oil hungrily. 🤑
TVC:USOILLong
by Bashar28
Usoil weekly Target Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market's volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today. Usoil up 83 Target 87 Resistance 80
TVC:USOILLong
by JohnHarry_7
U.S. oil prices will continue to rise on March 14th. As the four major inventories continue to decrease. U.S. oil continues to rise. WTI quotation as of closing: 79.153 U.S. API crude oil inventories for the week to March 8 (10,000 barrels) (-5.221 million barrels) U.S. EIA Cushing, Oklahoma crude oil inventories for the week to March 8 (-1.536 million barrels) EIA crude oil inventories in the United States for the week to March 8 (-220,000 barrels) EIA Cushing, Oklahoma crude oil inventories in the United States for the week to March 8 (596,000 barrels) BLACKBULL:WTI FPMARKETS:WTI BLACKBULL:WTI NYMEX:WTI1! MATBAROFEX:WTI1! There are good motivations for the rise in oil prices. At the beginning of the Asian market, oil was stable above 79. Judging from short-term trends, market demand continues to increase due to the spread of geopolitics. It is expected to continue to rise above 80. At the same time, OPEC countries have also decided to reduce production. If there is no physical fall below 79 in the short term, you can directly buy. If the body falls sharply and falls below 79. We can buy near 78.6 in the second position personal suggestion: 79.-79.3 buy. sl78.TP80.6 The transaction price is based on the real-time price of TradingView. When you are not a member and follow the above operations, remember to control risks.
BLACKBULL:WTILong
by T0_messenger