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WTI OIL crucial test on the 4H MA50WTI Crude Oil (USOIL) hit yesterday its 4H MA50 (blue trend-line) and just after it broke, the short-term correction took a pause. As long as it holds, there are higher probabilities of initiating the final rally towards the Resistance Zone. If it breaks though, we expect a test of the upper levels of the Support Zone, before the rebound. Either way, our Target is $76.00 (the 0.786 Fibonacci retracement level). This is because we believe it is replicating the September bottoming pattern, where after an initial 4H RSI Bullish Divergence (Higher Highs against Lower Lows), the price rose and got rejected back to the Support Zone, only to rebound to the 0.786 Fib of the previous High. ------------------------------------------------------------------------------- ** 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:USOIL
by TradingShot
1
Natural Gas - Bullish Momentum Re-rating?The last few weeks have been huge for Natural Gas NYMEX:NG1! ...But why are Natural Gas futures up over 20%? Here are some potential reasons: Colder than Forecasted Winter coming for the US Trump Administration favorable of Natural Gas as future energy source Purchase Spree by Funds with existing net short Positions Although the Natural Gas market in its entirety is complex, these reasons do present as potential catalysts to an appreciating price environment. But is there potential for further upside going forward? Looking at the chart, we can see a recent breakout attempt above the $3.2 region - This has resulted in an official re-rating of momentum to 'Bullish', as signified by the blue symbol (IMO). Our Price Guide: Upside continuation potential if price can hold above $3.400 Significant bearish continuation risk potential if price retreats back below the $3.076 mark We're inspired to bring you the latest developments across worldwide markets, helping you look in the right place, at the right time - We will continue to monitor the Natural Gas market in the event there are any rapid changes. Thank you for reading! Stay tuned for further updates, and we look forward to being of service along your trading & investing journey... Please note all information contained within this post is strictly for informational purposes only and is not intended to be investment advice. DYOR & Consult your licensed financial advisors before acting on any information contained within this post. Love & Wisdom,
NYMEX:NG1!Long
by Bullfinder-official
USOIL H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 68.79, an overlap support. Our take profit will be at 70.62, a pullback resistance. The stop loss will be placed at 68.02, which is a pullback support. 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, previously FXCM EU 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
WTI: Crude oil drops amid ceasefire reportsCrude oil prices tumbled on the back of reports of a ceasefire between Israel and Lebanon. The news also sent gold prices lower. If confirmed, this will remove some of the geopolitical premium in oil prices, which had provided support for oil since Israel’s war started. Today's drop means, WTI has held below key resistance around $71.50 - $72.50 range. While below here, any short-term recoveries like we have seen last week would be against the underlying trend. Short-term support around $69.29 to $70.00 was being eroded at the time of writing. A close below here could pave the way for a potential retest of recent lows around $67.00, below which we don't have much in the way of support until $65.00. By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:USOILShort
by FOREXcom
Natural Gas: Analyzing Seasonal Trends and Supply PressuresIn the natural gas market, we observe a critical juncture that suggests a potential shift in pricing trends. Over the past decade, historical data has revealed a recurring seasonal pattern that may indicate the onset of a bearish phase during this particular time of year. Currently, the market is approaching a significant supply zone, which could serve as a pivotal trigger for price corrections. This area has consistently tested traders' sentiments, and if the pressures of supply outstrip demand, it may catalyze a downward movement in prices. Given these observations, positioning for a short scenario seems increasingly viable. As market participants weigh their options, it is essential to remain vigilant and analyze how these supply-demand dynamics will unfold in the coming weeks. Understanding the interplay between seasonal trends and market sentiment will be crucial as we navigate this potentially shifting landscape in the natural gas sector. ✅ Please share your thoughts about NG in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
NYMEX:NG1!Short
by FOREXN1
1
Crude Oil - High Tide Pt.2Pt 1 found here . This is an extremely critical market at this time. What must be understood, is NYMEX light crude oil is not its' own independent market, but rather a BENCHMARK for a larger market for crude oil globally, and its' derivatives. Consider a Kenyan bank, that owns a loan on a Kenyan gas station. What is the best instrument to hedge their investment? Well, obviously the answer is NYMEX:RB1! , NYMEX gasoline futures. The sovereign bond of gasoline prices so to speak. Examining the market technically, we see that it appears bullish. The market experienced a severe panic in price during 2020, as demand and logistics collapsed in face of a global epidemic. However the price has recovered considerably, due to OPEC controls and the global necessity for this commodity. In fact, the market has even retested attempts made at reaching its 2008 high. Many local market do not have access to global markets as might be expected, such as the NYSE and CME to conduct their day-to-day affairs. This highlights the importance of NYMEX:CL1! globally, not only for the physical delivery of light crude in the United States. But the global marketplace for light crude oil and its' derivatives, such as plastic containers, heating oil and cosmetic products. The reference price for such items by suppliers, is naturally the most liquid benchmark available to them. Which is to say, they will sell their product based on the most available market for their ingredients. A notion common in all business, to be examined at a global level to understand the relevance of this market into the future. This market exists in the United States, which is what underpins the importance of the US Dollar as this principle applies to all commodity and equity benchmarks. Furthermore, the principle of liquidity remains relevant all through history, where commodities as long as trade exists have been priced according to the most liquid benchmark. The relevance of the US Dollar can most clearly be observed in global bond markets. As capital becomes scarce as Quantitative Easing globally comes to an end, and begins to flow towards the USA, creating the rally in $TVC:DXY. Rates in sovereign debt markets in the US and abroad have risen, and prices have fallen. A lack of demand in sovereign debt outside the USA is being realized, as FRED:RRPONTTLD RRP usage has risen since the beginning of the war between Ukraine and Russia. Because the USA is also the global benchmark for interest rates, due to its deep liquidity. Banks all around the globe balance and hedge their local debt based on this proxy market. For all intents and purposes, this is the only game in town. It may seem odd that the price of crude oil in US Dollars has risen, given that the value of the US Dollar has risen significantly worldwide. Inflation domestically might dictate that the price of NYMEX:CL1! should fall, but this has not been the case. There is something beneath the surface, that indicates a deep value in this trade yet to be realised. Despite governments and activist organisations fighting against the product, its relevance in commerce has not diminished. Coupled with the importance of this global benchmark, the whole of oil-based product globally appears as important as ever. The market indicated last week the potential for a turning point, as it has capitulated. Traders should consider the market will likely make another low, but appears to be setting up for a rally.
NYMEX:CL1!Long
by FPS_Denny
Jesus help us! New to ECO and probably bought at the very wrong time. Currently watching this falling knife and wondering how I missed there monstrous amount of debt!!! It hurts so bad!! No idea where bottom is. I thought it was going to eat the gap and recover...looks like its beyond my crystal ball abilities. Crossing my fingers it doesn't go low enough to cause the DIV to get shut down but it's a huge div so it will either pay it forward like a golden goose or take hard earned money like so many other stocks and leave me thinking about savings accounts over investing!
NYSE:ECO
by Honkytime
USOIL Will Collapse! SELL! My dear subscribers, USOIL looks like it will make a good move, and here are the details: The market is trading on 71.12 pivot level. Bias - Bearish My Stop Loss - 71.78 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 69.89 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
TVC:USOILShort
by AnabelSignals
2
WTI 69.40 BULLS / APPROACHING 72.50 free daily planAs discussed in yesterday’s plan over @ Voila's Oil Trading (substack) why 69.40 key level will be delivering a strong push towards our 1st top of range target - 72.50. WTI 4 hour: WTI is pushing off 69.40 our intraday support . This buying will need to sustain above the 69.77 daily pivot as we look for a definitive break of 70.35 today… towards the 72.50 major resistance. We should only be minimizing long risk if price action is indicative of a 69.40 level break here. It’s not right now as the 4hr shows a 20 ema (red) trend holding. ------------------------------------------------------------------------------------------------------------ Trade Plan! Continued buying above 69.40, long to the next levels: - 70.35 , 71.70 , 72.50 Strong selling below 69.40, short to the next levels: - 68.00 Daily pivot is 69.77
TVC:USOILLong
by trad070