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CFDs on WTI Crude Oil

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USOIL trade ideas

Usoil trade WTI moves below 69.00, further downside seems possible due to stronger US Dollar West Texas Intermediate Oil price extends its losing streak for the fifth successive session, trading around $68.90 per barrel during the Asian hours on Friday. Crude Oil prices, denominated in dollars, are on track for a weekly decline due to a stronger US DollarCrude Oil, commonly known as petroleum, is a naturally occurring fossil fuel liquid composed of hydrocarbon underground deposits and organic materials. The prices of this popular commodity are measured in USD. Saudi Arabia, Russia, United States, Iran and China are the countries producing more oil. On the other hand, United States, China, Japan, Russia, and Germany are the countries consuming more oilCrude oil is classified into various grades according to density (heavy vs light) and sulphur content (sour vs sweet). The lighter and sweeter the crude, the higher the price it can be sold, because refiners can produce higher yield of high quality refined products from it. Density is measured by API gravity, a measure developed to compare the density of petroleum with water (API > 10 means the liquid floats on water) but is now widely used to compare among crude oils. API degree is inversely related to the density of crude oil. In general, crudes of API between 40-45 degrees can be sold at greatest commercial values
TVC:USOILShort
by KingForex078
USOIL MARKET ANALYSIS AND CURRENT PRICE PREDICTIONlast Week, USOIL played out exactly as i Predicted and Analyzed, The Bears have currently taken over. USOIL has finished consolidating at the Big Boys Renegotiation Zone. Decision has been taken already in favor of the BEARS, price is going to retrace a bit to retest the Bearish order Block and gave the BEARS a perfect Entry at 61.8% Premium Price To Sell. The target is the renegotiation support to mitigate the Bullish order Block There and to Sweep off the Sell side Liquidities. Entry , Take Profit and Stop Loss Clearly Marked out on the Chat. GOOD LUCK GUYS!
FX:USOILShort
by Akpambang
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
Weekly Analysis of Crude Oil (USOIL) Based on the SMB Strategy📊 Weekly Analysis of Crude Oil (USOIL) Based on the SMB Strategy In this analysis, key levels, potential market reactions, and trading opportunities are examined based on price action and the SMB strategy principles. 🔎 Key Levels Identification (Support and Resistance): Major Resistance: The 72.000 level is considered a significant resistance. A potential bearish reaction to this level is expected. If this level is broken with strong momentum, prices may advance toward 74.000 and 75.000. Major Support: The 70.000 level is identified as a psychological and key market support. A bullish reaction at this level may provide buying opportunities. A breakdown of this support could push prices toward 68.000. 🔥 Price Action Analysis (Based on Market Behavior): Current Trend: The short-term trend is bullish, but the market is at a decision point near the 72.000 resistance. Bullish Scenario: If the 72.000 resistance is broken with a strong bullish candle and high volume, prices are likely to continue higher toward 74.000 and 75.000. This move could occur due to the stop-losses of retail sellers being hit and institutional players joining the trend. Bearish Scenario: If a bearish reversal candle forms at the 72.000 resistance, the price may move toward the 70.000 support. A break below the 70.000 support could lead to further downside toward 68.000. 📈 Proposed Trade Signals Based on SMB Strategy: Buying Opportunity on Breakout of 72.000 Resistance: Entry Confirmation: A strong breakout above the 72.000 level with a bullish candle and high volume. Stop Loss: 71.500 (below the breakout level). Targets: Target 1: 74.000 Target 2: 75.000 Selling Opportunity on Rejection at 72.000 Resistance: Entry Confirmation: Formation of a bearish reversal candle at the 72.000 level. Stop Loss: 72.500 (above the resistance level). Targets: Target 1: 70.000 Target 2: 68.000 Buying Opportunity at 70.000 Support: Entry Confirmation: A strong bullish reaction at the 70.000 support with a valid bullish candle formation. Stop Loss: 69.500 (below the support level). Targets: Target 1: 72.000 Target 2: 74.000 🚀 SMB Summary and Recommendations: Closely monitor market behavior at the key levels (72.000 and 70.000). Wait for price action confirmations (such as strong candles and high volume) in breakouts or reversals. Use tight stop-losses and aim for large profits by aligning with institutional market players.
FX:USOIL
by SMB_Mohsen_Bahmani
OIL: Three days breakout traders long in the market Hello traders and hope you are doing good! Today I would like to analyse deeply this market, trying to understand the logic behind my thesis. Do not forget to support and comment my idea, nothing change to you, but is really supportive to me. Overall, OIL looks like potentially going to complete a two weeks dump and pump template, and especially today with CPI and OIL major red news on calendar, it can be pretty interesting, but let's go deeper. The last week, since Wednesday the market drastically dumped down, breaking on Friday the low of week and closing the day/week in breakout, with short traders in the market. Now, typically, depending on the behaviour of price, the market can keep going breaking lower or reversing if volume is trapped down low, as it happened in this specific scenario. I would say then, that the low of week can be locked and it may start the reversal process, going to stop short traders from Wednesday. Monday, in the new week, the market placed a higher high (because it broke the Friday high of day), closing the day as first green day, which is a strong signal of market reversal. Tuesday, volume was trapped almost all the day below Monday closing price, and a dump and pump session setup pushed the price even higher! Wednesday, today, market kept breaking higher, potentially higher time frames long traders are driving this move. Let's discuss about the thesis, as you may already know, I do not predict the market, but I just show what it can be (as per my criteria) the highest probability setup, setting for the day. The long thesis, which is my current and main view, targeting the previous HOW, could be really interesting if the price will dump down into the low placed in London session, consolidating till 10:30am OIL news release for a buy low long trade setup, which I will be really willing to take. However, the market can consolidate up high into the current HOD/HOW, for a short scalp back into any higher level long, for example low of London or yesterday closing price, but I will be updating this analysis every hour from the beginning of NY session 8am NYT. Remember, I do not predict any movement but I only trade setup! See you later every one and let me know if you need any clarification!
PEPPERSTONE:SPOTCRUDELong
by GianniPichichero
1
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