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USOILSPOT trade ideas

WTI OIL Major bullish break-out happened. Expect rally to $76.WTI Oil (USOIL) broke yesterday above the 1-month Lower Highs trend-line, following the bullish EIA report. This is a major bullish break-out as the last time the price broke above a similar Lower Highs trend-line was on October 01, with the resulting rally rising above the 0.786 Fibonacci retracement level. Even the 4H RSI sequences between the two fractals are identical, with both starting on a Bullish Divergence (Higher Lows against the price's Lower Lows and then a nearly oversold RSI with the price on the Support Zone was what initiated the rebound that broke the Lower Highs. Our Target is again the 0.786 Fib at $76.00. ------------------------------------------------------------------------------- ** 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
2
WTICOUSD , high time frame Hello traders, I would like to discuss West Texas oil. There is a critical zone on the chart, as anticipated. Oil is currently in a bullish trend on the higher timeframes. Presently, the price is in OB on the 4-hour chart, and during the Asian session, there are indications of a potential decrease to $69 before targeting the $75 zone. --- If you require further adjustments or have specific areas you wish to focus on, please feel free to let me know!
OANDA:WTICOUSDLong
by somayehbasiri
WTI Oil H4 | Bullish uptrend to extend further?WTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 70.49 which is an overlap support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 69.42 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is at 72.65 which is a multi-swing-high resistance that aligns with the 161.8% Fibonacci retracement level. 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:USOILLong
by FXCM
Crude Oil is looking to clear it's nearest inefficient rangeKeeping it simple we can view this as a lower high > lower low sequence as the high we approached a few days ago was never broken. Clear inefficiency below should be the only range that will hold price up but my eyes are on the lowest daily orderblock at the extreme range retracement. Hourly view shows more detail with support levels being extremely disrespected denoting how sellers have been lurking in the wind. Volume profile also shows super bearish volume in these levels with a small support node below the range.
FX:USOILShort
by HollywooodTrades
1218 USOIL another new chance to follow daily trend.Hello traders The fundamentals of crude oil have not changed much, but on the technical charts, the bottom consolidation pattern leading to a decent price movement is very frustrating. At the weekly level, the analysis of the bottom trend breaking through the red trend line is still considered limited. On the 4-hour chart, crude oil has fallen below the EMA and the first resistance level, which diverges from the daily chart (where the candlestick is above the EMA) and the weekly chart (which has broken through the bottom resistance line), presenting a dilemma in decision-making. Approach 1: One can choose to enter new long positions after the 4-hour chart returns above the EMA. Approach 2: Alternatively, one can opt for a larger risk-reward ratio, entering the market when the 4-hour chart is below the EMA while maintaining a bullish outlook on the daily and weekly charts. For existing long positions that have not hit the stop loss, it is recommended to hold on, based on the second approach mentioned above. TP1: 71.5 TP2: 72.0 TP3: 72.70 GOOD LUCK! LESS IS MORE!
FX:USOILLong
by FUNTRADER-Vera
Unlock Hidden Profits: Proven WTI Crude Oil Trading StrategiesTVC:USOIL Price Action Analysis and Strategy by @Alexgoldhunter Key Levels and Structures Break of Structure (BOS): Multiple BOS annotations indicate significant shifts in market structure. These points are crucial for identifying potential trend reversals or continuations. Change of Character (CHoCH): CHoCH is marked at multiple points, indicating shifts in market sentiment. These points can be used to identify potential entry and exit points. Fibonacci Retracement Levels: The chart shows Fibonacci retracement levels at: 0.382: 69.49558 USD 0.5: 69.695 USD 0.618: 69.89442 USD 0.705: 70.01445 USD 0.786: 70.17294 USD These levels are used to identify potential support and resistance areas. Volume Profile: The volume profile on the left side of the chart shows the volume traded at different price levels. High volume nodes can act as support or resistance. Buy Strategy Entry Point: Look for a bullish CHoCH near a significant support level, such as the Fibonacci retracement levels or high volume nodes. Confirm the entry with a bullish candlestick pattern (e.g., hammer, engulfing) and increased volume. Stop Loss: Place the stop loss below the recent swing low or a significant support level to minimize risk. Take Profit: Set the take profit at the next resistance level or Fibonacci retracement level. Partial profits can be taken at intermediate levels. Sell Strategy Entry Point: Look for a bearish CHoCH near a significant resistance level, such as the Fibonacci retracement levels or high volume nodes. Confirm the entry with a bearish candlestick pattern (e.g., shooting star, engulfing) and increased volume. Stop Loss: Place the stop loss above the recent swing high or a significant resistance level to minimize risk. Take Profit: Set the take profit at the next support level or Fibonacci retracement level. Partial profits can be taken at intermediate levels. Simple VIP Signal entry: 68.500 usd tp1: 69.49558 usd tp2: 70.17294 usd sl: 67.500 usd Follow @Alexgoldhunter for more strategic ideas and minds Disclaimer Disclaimer: Trading involves substantial risk and is not suitable for every investor. The analysis and strategies provided here are based on historical data and technical analysis techniques, which do not guarantee future performance. Before making any investment decisions, please consider your financial situation, level of experience, and risk tolerance. Always do your own research and consult with a financial advisor if necessary.
TVC:USOIL
by Alexgoldhunter
WTI/USOIL Energy Market Heist Plan on Bullish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the WTI / USOIL Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a bull trade anywhere, however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest. Stop Loss 🛑: Using the 2H period, the recent / nearest low level. Goal 🎯: 73.500 Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
BLACKBULL:WTILong
by Thief_Trader
Oil Market Analysis - 17/12/2024The oil market is currently under pressure, with WTI down to $69.30 and Brent at $72.66. The main causes are: Pemex Production Recovery: Oil platforms in the Gulf of Mexico have returned to full capacity after improved weather conditions and the end of the hurricane season. This has increased available supply, partially offsetting the decline in Russian production. Decline in Russian Crude: Russian maritime oil exports have fallen by 11% since October due to maintenance at a key terminal. This has temporarily limited flows but has not significantly supported prices due to increased production from other sources like Pemex. Strengthening US Dollar: The Dollar Index (DXY) is around 107.00, gaining strength thanks to preliminary US PMI data for December, which signals the fastest economic growth in 33 months, driven by the services sector. A strong dollar negatively impacts oil, making it more expensive for buyers using other currencies. API Expectations: Crude inventory data from the API, scheduled for 21:30 GMT, could add volatility. Last week, there was a build of 0.499 million barrels. EU Sanctions: The EU has imposed sanctions on a Dutch trader involved in trading Russian oil above the price cap. The impact on volumes remains limited for now. Oil Technical Analysis Price Range: Oil is trading within a range between $67.00 (support) and $71.50 (upper resistance), with this band likely extending into January 2025. Resistance: The key resistance is located at $71.03 (100-day SMA) and $71.46, where prices encountered selling pressure last week. A breakout above $71.03 could push prices toward $75.27, but caution is needed for quick profit-taking as the year-end approaches. Support: The first solid support is at $67.12, a level that held prices in May-June 2023. A break below could see crude testing the 2024 yearly low at $64.75 and then $64.38, the 2023 low.
TVC:USOILLong
by Forex48_TradingAcademy
1
USOIL Is Bullish! Buy! Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 69.836. Considering the today's price action, probabilities will be high to see a movement to 71.162. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
CFI:WTILong
by SignalProvider
1
1220 USOIL could not break top zone and turn down sideways againHello traders, This Thursday, Bitcoin's price experienced significant fluctuations, dropping from $102,000 to $97,000, a decline of $5,000 overnight. If we consider the high point from last weekend, the "tulip bloom," to the current "withered" state, it has fallen a total of $11,000 within a week. As a reminder, the second half of December is the period of tightest liquidity in the U.S. Everything is sellable! Therefore, when Federal Reserve Chairman Powell clearly stated, "We are not allowed to own Bitcoin," it can at least be confirmed that the rumors of the Fed holding Bitcoin have been dispelled, and the U.S. government's plans to accumulate Bitcoin are nearly impossible. This means that Bitcoin's price has finally returned to "normal," reflecting the trend of tightening liquidity. On Thursday, there are several important data points to pay attention to: 1. U.S. Dollar Index: 108.3 2. 10-Year Treasury Yield: 4.57% 3. 30-Year Treasury Yield: 4.74% These figures indicate that inflation expectations are rising. In particular, the 30-year Treasury yield is just about 10 basis points away from this year's high of 4.81%, and less than 40 basis points from the 2017 peak of 5.11%. Over the past two weeks, the 30-year Treasury yield has risen by 40 basis points. What is the current market consensus? The small red circle suggests shorting U.S. Treasuries and going long on the dollar. Today is Friday, a special day, as it marks the largest and most important options expiration date (OPEX) of 2024. Given the maximum OPEX, the impending government shutdown, and the tightening liquidity, the market may experience significant volatility!!!!!! Major attention is needed during this time, particularly during U.S. market hours (9:00 PM Beijing time to early Saturday morning). Wednesday's internal tips: On the 4-hour chart, crude oil has retraced below the EMA and the first resistance level, which diverges from the daily chart (where the candlestick is above the EMA) and the weekly chart (which has broken through the bottom resistance line), creating a selection issue for the market. **Idea One:** You can choose to enter new long positions after the 4-hour chart returns above the EMA. **Idea Two:** You can also consider a larger risk-reward ratio, entering the market opportunistically while the 4-hour chart is below the EMA, but the daily and weekly charts remain bullish. For existing long positions that have not hit the stop loss, it is recommended to hold on, based on the second idea mentioned above. TP1: 71.5 TP2: 72.0 TP3: 72.70 On Wednesday, during U.S. market hours, crude oil faced resistance at the first resistance level; On Thursday, during U.S. market hours, crude oil was blocked by the 4-hour EMA. At this point, the long crude oil trades hit their stop loss, and positions were closed, requiring a reevaluation of the trading strategy. Since Wednesday, under the pressure of the Fed's hawkish interest rate cuts, the demand outlook for crude oil has become increasingly bleak. Moreover, the market's further slowdown in easing expectations poses severe challenges for oil prices. Currently, the market generally believes that there will be a significant oversupply of global oil next year. In this market expectation, a rise in oil prices has become almost impossible. Market sentiment is low, and investors are generally cautious about the oil market. In the coming months, oil prices are likely to remain under pressure, making it difficult to regain their former glory. From a technical perspective, on the 4-hour chart, crude oil continues to struggle within a sideways range. On Friday, plan to establish new short positions. On the 1-hour chart, during European and American market hours, look for an opportunity to enter short positions on crude oil based on a 1-hour reversal signal. TP1: 67.50 TP2: 66.60 Mid-term short position take-profit level: 63.50. GOOD LUCK! LESS IS MORE!
FX:USOILShort
by FUNTRADER-Vera