USOIL.. Breakout!? what's next??#USOIL.. perfectly break our area with further drop.
It market continue his drop the. It will leads you towards downside next mentioned areas.
Don't buy until any confirmation.
Good luck
Trade wisely
Usoilanalysis
USOIL Weekly - Key Buy and Sell LevelsOn the weekly chart for USOIL , we’re observing significant levels that could dictate future price movements. The green lines mark potential buy opportunities where price might experience bullish support. Conversely, the red lines indicate critical sell zones where bearish pressure could come into play. These levels are essential for long-term trading strategies and market analysis.
Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions.
If this post generates enough engagement, I’ll provide updates and additional insights to it. Feel free to comment, share your thoughts, and follow for more comprehensive trading analysis!
What I'll be looking for USOIL on next few days.The price is at a crossroads and tomorrow's data will be, as always, decisive for the decision-making that will direct the market in the coming days. I will be waiting for this most likely downward movement, but always paying attention to what the price shows at any given moment. Be careful, trade safely and stay calm. I wish you all an excellent trading week!
USOIL.. one n only area, hold or not??#USOIL... First market HITT our upside targeted areas and then dropped.
Now it reached near to his one of the most important supporting area 72.10
That level can change the overall acnerios of market.
Keep close it because if there is any kind of buying scnerio exist then it should be hold this area.
72.10
Keep close and stay sharp.
Good luck
Trade wisely
[2024.08.28 Wednesday Market Analysis and Opportunity Insight]Hello traders,
In the realm of commodity trading, market fluctuations often align with the influx of information. Nevertheless, as we near the end of the month, a distinct pattern emerges: news tends to quiet down and data liquidity diminishes.
During this period, analogous to calm waters in the market, lies both a challenge and an opportunity. This juncture not only tests a trader's training, sagacity, and skill, but also assesses their resilience.
This week marks the final trading week of August, with extremely scarce news and limited data, indicating a collective anticipation for the September non-farm payrolls data and the interest rate cut scheduled for September 19th.
Given the dearth of news, it would be advisable to rely more on technical analysis.
1. Concentrate on support and resistance levels, along with technical indicators like moving averages and RSI.
2. Decrease trade sizes and establish reasonable stops. Under conditions of limited information, the market could be more vulnerable to unforeseen events.
3. Monitor trading volume: Variations in trading volume may signify price direction. Low trading volume could denote market indecision, while a sudden surge in trading volume could indicate a significant movement.
4. In the absence of short-term information, it may be apt to emphasize and trade in accordance with the long-term trend.
5. Be patient. Refraining from trading when signals are unclear is also a viable strategy. Avoid forcibly engaging in trades due to inactivity.
As advised on Tuesday, the market sentiment for crude oil remains unchanged, and it's recommended to await a pullback position for considering a new single position.
On the 4-hour chart, a retracement target between FIBO 382-618, within the 75.3-73.8 range, is viewed as necessary for the preceding upward wave's retracement. Please refer to Figure III.
P.S. On Wednesday, TP3 /TP4was included as a retracement target, near the 73.80 range.
BEST WISHES!
LEAN MEANS MORE!
US Oil Analysis By ForexBee📉 There's a strong flag limit or support area holding the price up for a long time.
⏳ However, this level won't hold much longer and is expected to break soon.
🚨 The price is likely to drop sharply to break Flag Limit
💰 Target price: $57.3.
📊 Stay prepared for potential downside momentum!
USOIL - at support? What's next??#USOIL.. market just reached at his supporting area and importantnt thing is market closed his day candle above his supporting area.
That is around 73.90
Keep close that area because if market hold it then again bounce expected from here.
Good luck
Trade wisely
USOIL:Long, TP 78-82
After achieving our long position target, we initiated short trades and have already secured a good profit. Orders are now being closed in batches.
From a trend perspective, there's a short-term need for a rebound, though it likely won't be strong. There's still some downside potential, mainly considering the need to fill the gap around 74.9. In the medium term, I believe the likelihood of an upward move is higher, with a target around 79- 82.
USOIL: BUY@73-70 TP 75-78
Oil prices have fallen sharply recently and have touched the support level near the previous low. There may be a range of fluctuations here, but the final breakthrough must be upward, so my trading direction is very clear, buying around the 73-70 area, with a target of 75-78.
USOil WTI Technical Analysis and Trade IdeaThe current USOil chart exhibits clear signs of price overextension, with the asset pushing into a critical resistance zone. Given this technical setup, a retracement appears probable. My strategy involves seeking a long entry, but only if the price experiences a pullback to the key Fibonacci retracement levels, specifically targeting the 50% to 61.8% zone.
It's crucial to contextualize this analysis within the broader macroeconomic landscape. The recent Bank of Japan rate hike has injected significant volatility into global markets. We must anticipate and account for potential continuation of these heightened volatility conditions, as they could materially impact price action and risk management parameters.
This technical and fundamental confluence presents a compelling setup, but as always, proper risk management is paramount. Traders should conduct their own due diligence and consider their individual risk tolerance before executing any positions.
Disclaimer: This analysis is provided for educational and informational purposes only. It does not constitute financial advice or a recommendation to enter any specific trade.
USOUSD (WTI Crude) strong bullish move likely … week of 26 AugA ‘hammer candle’ is one of my favorites and we can see a nice one in the weekly chart of oil. It also appears at a major support (73.00) and at a rising trend line. If you are not a fan of the hammer candle like I am, just look left on my chart and see what happened in the past when this candle appeared.
But “when” to trade is always a question, directional bias is only a part of our decision making. I will, first of all be looking for USD weakness and CAD strength (correlation). Monitoring PA on the H4 and H1 is always a good idea too. Evidence of bullish PA would justify taking a long trade. However, if a move to the downside forms, that would negate my analysis.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
If you like my idea, please give a “boost” and follow me to get even more.
Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
USOIL - NEW BREAKOUT Hello Traders !
On Wednesday 21 August, The USOIL price reached a strong support level (70.65 - 71.50).
The Last Lower High is broken (Change of Character).
So, I expect a bullish move📈
______________
TARGET: 77.95🎯
USOIL - bottom out here, what's next? ?#USOIL.. market perfectly hold our major supporting area that was mentioned in our last idea and you can see.
am looking for a bottom out here.
importnat supporting areas will be 73.90, 74.10
minors suppoting areas will be 73.40 n 72.45
keep close that areas and if market hold your fresh region then further buying will be valid from now.
dont be lazy here.
good luck
trade wisely
USOIL OverviewUSOIL has HIGH VOLUME long candles, looking to reach the 78 - 80 range.
It has recently broken through multiple support zones with HIGH VOLUME, showing that USOIL is likely to increase further in the coming days.
I'm looking for it to enter back into the support zone, and we will see if it bounces or rejects and breaks lower.
It could, on the other hand, not bounce at all and increase straight to the 78 - 80 range, where I will be looking for shorting options at the RESISTANCE level.
USOIL.. at most expensive area? What's next??#USOIL.. well market again near to his most expensive area around 72
As you can see a massive holding of this area is history and now again market at this level.
Guys it will be market most expensive breakage if breaks and holding means again upside momentum can be possible .
But cut n reverse keep in hand.
Good luck
Trade wisely
USOIL 78.31 -1.59 % AHEAD OF THE CRUDE INVENTORIES HELLO TRADERS
Hope everyone is doing great
📌 A look at USOIL from MULTI TIME-FRAME ANALYSIS
🎯 CRUDE OIL INVENTORIES TOMORROW
- 7th Aug release was more than expected which meant weaker demand and was bearish for crude prices. The same can be said if tomorrow a decline in inventories is less than expected.
USOIL 4H TF
* Friday & monday where strongly bullish but tues came with change in delivery as we see strong bearish move.
* The weekly & daily TF are still range bound .
* USOIL took External range LQ & price will delive from the -FVG above.
* We are trading in premium of the move, This is where I would be looking for short entries.
* With PO3 looking to open bullish (fri & monday) to confirm a move Lower into +FVG on USOIL.
USOIL 1H TF
* Looking for the hourly to open Bullish into the 4h FVG because our HTF BIAS (PO3) .
* We will see what does the market dish.
* On the 4 hourly IRL > ERL.
- LOWER TF
* ANALYSED IN REAL TIME
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
Oil: Keep buying.
Wait until it reaches a high and then go short.
For a month, I used the correct trading signals as a reference. This is what everyone can see. There is no mistake in the operation.
I want to post my views here to save those who continue to lose money. Or those who don’t know how to trade or don’t make any profit. I just use my expertise.
If you keep losing money, leave me a message. Even if you are a novice. Follow me and you can see the changes in your balance in a very short time.
USoil: Oil prices will continue to rebound this week.Oil is about to form an oversold rebound situation, and the target this week is expected to be above 74. The current price is around 72.2. The USoil quote on tradingview is used as the basis.
Investors with large amounts of funds can buy in advance.
If your trading continues to lose money. Or the profit is not ideal. Remember to refer to my trading instructions or follow me. Prevent further losses. NYMEX:CL1! MCX:CRUDEOIL1! NYMEX:MCL1! MATBAROFEX:WTI1!
US OIL SHOWING A GOOD FALL WITH 1:10 RISK REWARDUS OIL SETUP TRADE WIH 1:10 RISK REWARD
A good selling setup detected on US OIL
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
BITCOIN SETUP TRADE WIH 1:10 RISK REWARD
A good selling setup detected on US OIL
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Crude oil is expected to fluctuate.Technical analysis of crude oil
Daily resistance 78.2, support below 72.7
Four-hour resistance 77.5, support below 76
Operation suggestions for crude oil: Crude oil fluctuated and rose throughout the day yesterday, and finally reached the 78.2 mark, which was in line with expectations
From the current trend, today's lower support focuses on the key support level of 77.2-76.1 formed by the hourly line yesterday, and the upper pressure should first pay attention to the vicinity of 78.2-78.4. Intraday operations can be carried out around this range, adopting a strategy of selling high and buying low.
SELL:78.2near SL:78.50
SELL:78.4near SL:78.70
Technical analysis only provides trading direction!
Bullish US OIL Trade IdeaUS Oil has bounced back from support with high-volume candles, nearly testing the support level. The price is expected to start moving in a bullish direction. Target profit prices are marked on the chart, and with the stop loss at the designated level, we anticipate a favorable risk-reward ratio for this trade.
Updates will be provided daily.
Crude Oil (XTIUSD) Make or Break LevelAs per my analysis WTI Crude Oil is at make or break level. 72.47 is now a trend live of 3 month candle low, if it breaks then we can expect for more downside up to 68.40. If price sustained and take support from 72.47 the we can see upside move to 82.08.
Note: This is my personal analysis, only to learn stock/commodity market behavior. Kindly do your analysis/ research to take any trade. Thanks & Regards.
Bearish drop?USOUSD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to or take profit.
Entry: 79.43
Why we like it:
There is a pullback resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement.
Stop loss: 80.62
Why we like it:
There is a pullback resistance level.
Take profit: 77.17
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
