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Crude Oil Future CFD (USD)Crude Oil Future CFD (USD)Crude Oil Future CFD (USD)

Crude Oil Future CFD (USD)

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USOIL Price Analysis: Potential Rebound from Support Zone(66.93)The price of USOIL is currently in a correction phase, approaching the key support zone between 67.91 and 66.93, a critical level where the price has previously shown strength. If USOIL holds above this support zone, a bullish rebound towards higher levels could be imminent. A failure to break through this support could provide a solid opportunity to enter long positions with a favorable risk-to-reward setup. Keep a close watch on price action and volume for confirmation. Consider buying at the red zone if the support holds.
FX:USOILLong
by BabyGirl-Remo
2
WTI Crude Oil Market Breakdown: Key Insights and ForecastExpert Analysis of WTI Crude Oil (CFD) on a 1-Hour Timeframe **Current Price Movement:** - **Price**: WTI Crude Oil (CFD) is currently trading at $68.32, down by 0.58% (-$0.40). **Key Technical Analysis Elements:** 1. **Fibonacci Retracement Levels:** - Fibonacci retracement levels are plotted to identify potential support and resistance zones: - 0.382 at $69.9714 - 0.5 at $71.425 - 0.618 at $72.87286 - 0.705 at $73.94035 - 0.786 at $74.93422 - These levels help identify potential reversal points in the price action. 2. **Volume Profile:** - The volume profile on the right side of the chart shows significant trading activity around the $70.46 level, indicating a key area of interest where strong support or resistance may form. 3. **Support and Resistance Zones:** - **Resistance Zones:** The chart indicates significant resistance around $87.07 and $84.72 levels. - **Support Zones:** Strong support levels are marked around $70.46 and $68.32, the latter being the current price level. 4. **MACD Indicator:** - The MACD (Moving Average Convergence Divergence) at the bottom of the chart shows a bearish crossover, with the MACD line (blue) at 0.01 and the signal line (orange) at -0.47. This indicates potential downward momentum in the near term. 5. **Price Action:** - The price is currently below the 0.382 Fibonacci level, indicating a bearish trend. - The chart shows a consolidation phase between the $70.46 and $68.32 levels, with the price testing the lower support. ### Market Sentiment and Trade Recommendations: 1. **Bearish Scenario (Sell Signal):** - If the price continues to stay below the 0.382 Fibonacci retracement level ($69.9714) with strong bearish volume, it suggests a continuation of the downtrend. - **Entry Point:** Below $68.00. - **Take Profit (TP):** - TP1: $67.00 (near support level) - TP2: $66.00 (further support level) - **Stop Loss (SL):** Above $69.50 to protect against sudden upward movements. 2. **Bullish Scenario (Buy Signal):** - If the price rebounds from the current support level ($68.32) and breaks above the 0.382 Fibonacci retracement level ($69.9714) with strong buying volume, it could signal a bullish reversal. - **Entry Point:** Above $70.00. - **Take Profit (TP):** - TP1: $72.00 (near next resistance level) - TP2: $74.00 (near Fibonacci 0.786 level) - **Stop Loss (SL):** Below $68.00 to protect against downside risk. ### Conclusion: This detailed analysis of WTI Crude Oil (CFD) incorporates key technical elements such as Fibonacci retracement levels, volume profile, MACD indicator, and support and resistance zones. By monitoring these levels and volume changes, traders can make informed decisions, setting precise entry and exit points while managing risk effectively. Keep an eye on broader market trends, geopolitical events, and economic data releases that might impact crude oil prices. ### Tags: - #WTICrudeOil - #TechnicalAnalysis - #FibonacciRetracement - #VolumeProfile - #MACD - #SupportAndResistance - #BearishTrend - #BullishReversal - #CrudeOilMarket - #TradingSignals - #MarketAnalysis - #TradingView Feel free to ask if you need more insights or have additional questions! 😊📊
TVC:USOIL
by Alexgoldhunter
WTI - Stability in the Middle East!WTI oil is below the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. If the downward correction continues towards the demand zone, the next opportunity to buy oil with a suitable risk reward will be provided for us. Following the ceasefire in Lebanon, U.S. President Joe Biden announced that in the coming days, the United States will work with regional countries, including Turkey, Egypt, Qatar, and Israel, to achieve a ceasefire in Gaza that guarantees the release of hostages and the end of the war.However, he emphasized that such a ceasefire should not allow Hamas to remain in power. U.S. President-elect Donald Trump plans to impose a 25% tariff on imports from Canada and Mexico on his first day in office. This tariff will also include crude oil, with no exceptions considered. Additionally, Trump is preparing another executive order to lift the suspension on liquefied natural gas (LNG) export permits that was implemented under Joe Biden’s presidency. This executive order might require the Department of Energy to approve pending permits or resume reviewing new applications. This move is seen as part of Trump’s early energy policy agenda. Wall Street has expressed concerns about the potential impact of Trump’s second term on oil prices. Analysts suggest that oil producers may try to boost production before stricter regulations from the Biden era return. However, some experts believe that the nature of shale oil production in the U.S. makes long-term supply increases challenging. Unlike OPEC nations, where oil production is often controlled by national oil companies, oil production in the U.S. is divided among major corporations, independent producers, and private companies. This analysis aligns with Goldman Sachs’ outlook. Goldman Sachs has forecasted that U.S. crude oil production will increase by just 500,000 barrels per day this year, down from the 1 million barrels per day increase seen last year. Nevertheless, the U.S. will still account for 60% of non-OPEC oil production growth, with the Permian Basin in North America expected to grow by 340,000 barrels per day—lower than Wall Street’s initial projection of 520,000 barrels. According to Bloomberg, Russia’s seaborne crude oil exports have reached their lowest level in two months. The four-week average of these exports up to November 24 dropped to around 150,000 barrels per day, marking the fourth decrease in five weeks. This decline is largely attributed to a significant reduction in oil flows to India, Russia’s primary buyer, although weekly exports have seen a slight uptick. Additionally, Saudi Arabia, Russia, and Kazakhstan have issued a joint statement emphasizing the importance of market stability and their commitment to voluntary production cuts under the OPEC+ agreement. In this context, Reuters analysts predict that OPEC+ will likely maintain its oil production cut policy for an extended period due to weak global demand. This group, which accounts for nearly half of the world’s oil production, faces challenges in deciding whether to increase or further reduce production. Increasing production is risky under current conditions, while further cuts may be difficult due to some members’ desire to boost output. Meanwhile, rising gas prices have posed significant challenges for European policymakers this winter. Javier Blas, a Bloomberg analyst, believes that Europe has not yet fully faced the realities of the energy crisis caused by Russia’s invasion of Ukraine. He warns that Europe has overly attributed last year’s successes to favorable weather conditions. However, these conditions have changed, and this winter is expected to bring higher gas and electricity prices. This situation places significant pressure on energy-intensive industries, with many large factories either reducing activity or shutting down. Households, too, will face greater inflation due to higher energy costs. These challenges have also put central banks like the European Central Bank and the Bank of England under pressure. Wholesale gas prices in Europe have risen to €47 per megawatt-hour, which is double the February price and 130% higher than the 2010–2020 average.
TVC:USOILLong
by Ali_PSND
WTI crude looks poised for breakdownWTI has held the key resistance level of $69.30 today, marking a pivotal level on the intraday charts. Here, the resistance trend of the bear channel also came into focus. With support at 68.60/68.70 area broken, this level is now the most important short-term resistance to watch now. I think if we get a retest of this level from underneath, it could get sold and cause prices to drop to take out liquidity resting below the most recent low at 68.06. My next downside target would be $67.00. News of ceasefire between Israel and Hezbollah has helped to weigh on prices, potentially a positive step towards regional stability.
FOREXCOM:USOILShort
by FOREXcom
Crude Oil (USOIL) Trade Setup – Key Insights & StrategyHey Traders! 👋 In this video, I dive into the current price action and trade opportunities for Crude Oil (USOIL). With the market sitting near key support levels, here's what you need to know. 📊 🔷 What’s Inside: Analysis of FX:USOIL USOIL’s recent price movements. Key support levels and potential breakout zones. My trading strategy for the week ahead and how to approach the EIA report. 📌 Don’t miss these insights—they could shape your next big move! 💬 Watch now and share your thoughts in the comments below. Let’s collaborate and build smarter strategies together. 📈 Follow me for real-time updates on TradingView Trade smart and stay ahead! 🚀
FX:USOILLong
by niclaxfx
2
Crude steadiesCrude prices were steadier in early trade this morning. This follows on from the hefty pullback seen so far this week which took front-month WTI down below $68 yesterday morning from over $71 early on Monday. The pullback came on hopes of a ceasefire deal between Israel and Hezbollah in Lebanon. This was confirmed yesterday, and came into force this morning. But it is worth noting that hostilities in this area have had no impact on global oil supply, so the sell-off was also technical to some extent. A look at the crude chart shows the steady downside pressure on prices since June 2022. This was when front-month WTI retested the highs from three months earlier when oil topped $120 per barrel following Russia’s invasion of Ukraine. Since then, crude has made a series of lower highs, with the last attempt at an upside breakout topping at $84. Yet there doesn’t appear to be much downside from current levels, as selling pressure seems to exhaust itself once prices get down to $65 or thereabouts. Traders will be wary of being overexposed ahead of tomorrow’s Thanksgiving holiday, particularly given the OPEC+ meeting on Sunday. The group will have to update the market over where it goes on maintaining current output cuts.
TRADENATION:WTI
by TradeNation
USOIL long moveUSOIL chart on the 2Hours timeframe shows the price trading towards a demand zone, indicating bearish pressure after the earlier upside movement. The pair is approaching a key horizontal support level, a significant area that has previously acted as both support and resistance. This level also aligns with the 88.0 Fibonacci Retracement, adding further confluence for potential price reactions. If the price breaks below this demand zone, it could signal a bearish continuation, as sellers may gain control. However, if the demand zone holds, there is potential for a bullish reversal, leading to a rebound toward the next supply zone.
GBEBROKERS:USOILLong
by OCBE-FX
Usoil and WTI is buy This chart informs about the average forecast prices, and also how close (or far apart) sit the numbers from all participants surveyed that week. The bigger a bubble on the chart means more participants targeting a certain price level in that particular time horizon. This distribution also tells if there is unanimity (or disparity) among participants.Each participant's bias is calculated automatically based on the week's close price and recent volatility. Drawing from those results, this chart calculates the distribution of bullish, bearish, and sideways forecast prices from all participants, informing about sentiment extremes, as well levels of indecision reflected in the number of “sideways”.This measure is basically an arithmetical average of the three central tendency measures (mean, median, and mode). It smooths the typical outcome eliminating any possible noise caused by outliers.
TVC:USOILShort
by KingForex078
USOIL Will Go Lower! Short! Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 68.67. Considering the today's price action, probabilities will be high to see a movement to 66.63. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:USOILShort
by SignalProvider
1
USOIL M30 ANALYSIS Bearish Outlook. USOIL prices are expected to rise today, driven by a weakening US dollar and increasing demand for crude oil. Geopolitical tensions and supply chain disruptions are likely to support the commodity. Technical Analysis. USOIL is trading above the 50-day moving average, indicating a bullish trend. The Relative Strength Index (RSI) suggests oversold conditions, pointing to a potential rebound. Support and Resistance. Key support levels are $66.89 and $65.97. Key resistance levels are $69.89 and $71.21. Trading Strategy. We recommend a short position in USOIL, targeting $66.89. However, traders should be cautious of potential pullbacks and adjust their strategies accordingly. BEST WISHES TOM 😎
TVC:USOILShort
by Tom_Trades_670