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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 / UNDER BULLISH PRESSURE - 4HUSOIL / 4H TIME FRAME overall trading above 67.59 , expected under upward pressure . Currently, prices are holding above the crucial support level of 67.59. As long as they maintain this position, an upward move towards the next resistance levels of 69.98 and 71.59 is likely. The 71.59 level is particularly important, as breaking through it would serve as confirmation of a sustained uptrend, potentially driving prices higher to test the 74.24 resistance zone. However, if prices fail to hold above the 67.59 support level, it would indicate a shift in momentum, initiating a bearish phase. In such a case, the first target on the downside would be 65.35, with further declines possibly extending to the 63.67 region. This level would serve as a critical area for buyers to step in, and if breached, could signal a deeper correction. UPWARD TARGET : 69.98 , 71.59 , 74.24. DOWNWARD TARGET : 65.35 , 63.67.
TVC:USOILLong
by ArinaKarayi
CRUDE OIL (WTI): Detailed Support and Resistance Analysis Here is my latest structure analysis and important key levels to pay close attention to on WTI Crude Oil. Vertical Structures Vertical Resistance 1: Falling Trend Line Horizontal Structures Resistance 1: 71.46 - 71.90 area Resistance 2: 73.80 - 74.30 area Resistance 3: 76.00 - 77.60 area Resistance 4: 79.60 - 80.16 area Support 1: 63.80 - 65.70 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
1
Crude's messageCrude oil was weaker in early trade this morning, giving back a proportion of yesterday’s gains. Oil prices have recovered somewhat over the past week. Last Tuesday front-month WTI fell below $65 to hit its lowest level since May 2023. Since then prices have bounced, with WTI adding around 7.5% from last week’s low to yesterday’s high. But this must be put into perspective as crude lost 23% between early July and last week’s low. Crude was exceptionally oversold ahead of this rally, and even with the latest pick-up, it remains oversold. But even with the bullish trigger of supply disruptions due to Hurricane Francine, and the prospect of lower interest rates from the US Federal Reserve, crude hasn’t bounced sharply enough to set off a serious bout of short-covering which should have driven prices much higher. Instead, gains have been relatively slow and measured, which could suggest that this is simply a run-of-the-mill correction ahead of another lurch lower. If so, then oil is sending the wider market an important message: it’s saying that we should expect a global economic slowdown. If that’s the case, then it would be a strong argument in favour of a 50 basis point cut after tomorrow’s FOMC meeting.
TRADENATIONSB:WTI
by TradeNation
Oil prices rose slightly on Monday Oil prices rose slightly on Monday, with U.S. crude oil prices trading around the $68 price area. Gains were limited by weak Chinese economic data and ongoing demand concerns. Despite easing supply disruptions as Gulf of Mexico oil production resumed after Hurricane Francine, about 20% of oil and 28% of natural gas production remain offline. The market is focused on the U.S. Federal Reserve's interest rate decision, with traders expecting a rate cut, possibly 50 basis points, which could affect oil demand. Chinese industrial output and fuel demand have slowed, increasing bearish sentiment in the oil market. Speculators are also taking short positions in Brent crude as demand fears grow. On the technical side, the price is testing the support of the 161.8% of the daily Fibonacci retracement level after finding sufficient support on the lower band of the Bollinger bands. The faster moving average (50-days) is trading below the slower (100-days) moving average validating the overall bearish trend in the market while the Stochastic is near the extremely oversold level hinting that there might be a bullish correction in the coming sessions. If this becomes reality then the first area of possible resistance might be seen around the $72 price area which consists of the area just below the 78.6% of the daily Fibonacci retracement as well as the area of price reaction in early and late August.
TVC:USOIL
by Exness_Official
Oil Moving as anticipated from post of Jan 2023 long term visionNot financial advice. I posted a chart I will attach here where I said we was doing an ABC correction on the monthly where A was 69 B would be 90-94 And C could be in low 50's and even under 50 as low as 34.00 Applying the 45° angle we see it intercedes at the 54.00 level... Of note: Can clearly see we are trending bearish on Stoch RSI as it keeps reading lower and lower. Again this was a vision I saw way back in Jan 1st so please press play on the previous chart to see how it's played out Patience is always key #PIK TLAW #Think Like A Whale
TVC:USOILShort
by ThinkLikeaWhaleTLAW
British inflation rate, Fed interest rate decision, BoE interestHighlights this week: British inflation rate, Fed interest rate decision, BoE interest rate, Japanese inflation, BoJ interest rate Wednesday: UK inflation rate at 06:00 AM GMT. The consensus is for a pause at the current level of 2.2%. If the publication comes out higher than expected then the pound might find some short-term support against its pairs. On the other hand, if the figure is lower than expected it could influence a more dovish stance from the Bank of England on their next meeting. Fed interest rate decision at 18:00 GMT is broadly expected to be the first rate cut since the beginning of the ticketing by the central bank. According to the Fedwatch tool there are 41% chance of a 0.25% cut and 59% of a 0.50% cut. Participants are focusing closely on what the comments in the subsequent press conference will be in an effort to get some hints as to the future direction of monetary policy. Thursday: The Bank of England decides on their interest rate at 11:00 PM GMT. The general expectation is that the central bank will hold their rate stable at 5% but in the event that we witness another rate cut it could put some pressure to the quid in many of its pairs, especially against the US dollar whereas in the unlikely event of a hike it might give some support on the British pound in the aftermath of the release. Japanese inflation rate at 23:30 GMT. The expectations for the month of August is that the rate could go up to 3% from the previous 2.8%. This might be somewhat bullish news to the market participants trading the yen. Friday: Bank of Japan Interest rate decision at 04:00 AM GMT. The market consensus is that the rates will remain static at 0.25% while in the unlikely scenario of any shift away from this figure will most certainly create volatility on the yen pairs.
TVC:USOIL
by Exness_Official
USOIL, dailyOil prices rose slightly on Monday, with U.S. crude oil prices trading around the $68 price area. Gains were limited by weak Chinese economic data and ongoing demand concerns. Despite easing supply disruptions as Gulf of Mexico oil production resumed after Hurricane Francine, about 20% of oil and 28% of natural gas production remain offline. The market is focused on the U.S. Federal Reserve's interest rate decision, with traders expecting a rate cut, possibly 50 basis points, which could affect oil demand. Chinese industrial output and fuel demand have slowed, increasing bearish sentiment in the oil market. Speculators are also taking short positions in Brent crude as demand fears grow. On the technical side, the price is testing the support of the 161.8% of the daily Fibonacci retracement level after finding sufficient support on the lower band of the Bollinger bands. The faster moving average (50-days) is trading below the slower (100-days) moving average validating the overall bearish trend in the market while the Stochastic is near the extremely oversold level hinting that there might be a bullish correction in the coming sessions. If this becomes reality then the first area of possible resistance might be seen around the $72 price area which consists of the area just below the 78.6% of the daily Fibonacci retracement as well as the area of price reaction in early and late August.
TVC:USOIL
by Exness_Official
USOIL: Bullish Outlook with Probability-Based EntriesMy overall bias on USOIL remains bullish, supported by several key fundamentals: 1. OPEC+ production cuts continuing to tighten supply 2. Geopolitical tensions in the Middle East raising concerns about potential supply disruptions 3. Improving economic outlook in China, potentially boosting oil demand 4. Seasonal increase in oil consumption as we approach summer driving season I'm utilizing probabilities to position myself into longs on USOIL. By combining this probability-based method with my bullish bias, I aim to enter USOIL longs at optimal points with favorable risk-reward profiles. Feel free to let me know if you need any further adjustments! 12M: 2W: 2H: Wishing you a great trading week!
TVC:USOILLong
by Jasminex1x2
US OIL / WTI Bullish Money Heist Plan on Long SideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist US OIL / WTI based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 1H timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan.....
BLACKBULL:WTILong
by Thief_Trader
US OIL / WTI Bullish Money Heist Plan on Long SideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist US OIL / WTI based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 30m timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
FOREXCOM:USOILLong
by Thief_Trader