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US Crude Oil CFD

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USCRUDEOILCFD trade ideas

#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support Why we like it Price trading the 4hr resistance moving to the next level support waiting for bearish candlestick formation Trading in channel 1st support: 82.68 Next Zone area & horizontal swing Low support 1st Resistance 99.68 Zone area & horizontal swing high resistance
TVC:USOILShort
by Skandhatrade
What 1-hour chart says? Fundamental Development: Oil prices little changed on Thursday as investors grappled with falling stockpiles in the United States, rising output from Russia and worries about a potential global recession. Brent crude futures climbed 15 cents, or 0.2%, to $93.80 a barrel. U.S. crude futures gained 4 cents, or 0.1%, to $88.15 a barrel. Prices rose more than 1% during the previous session, although Brent at one point fell to its lowest since February. Futures have fallen over the past few months, as investors have pored over economic data that has spurred concerns about a potential recession that could hurt energy demand. British consumer price inflation jumped to 10.1% in July, it is highest since February 1982, intensifying a squeeze on households. Short Term Technical View: In 1-hour chart, XTIUSD is trading at middle line of Bollinger band indicator. As per RSI Indicator showing Weakness in 1-hour chart, XTIUSD pivot level is 87 as per today 1-hour chart, my view is sell on rise strategy is good for XTIUSD. Sell range of XTIUSD is 88.25 to 88.50 and there is very strong resistance zone at 89.50. Alternative Scenario: If XTIUSD will trade above 89.50 and sustain above in U.S. Session so it will be, give great opportunity to buy with the target of 90.50 with the stop loss of 88.50.
FXOPEN:XTIUSD
by RATONYCNC
What 1-hour chart says? Fundamental Development: Oil prices rose over $1 on Wednesday, rebounding from six-month lows hit the previous day, as an unexpectedly large drop in U.S. oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global recession. Brent crude futures were last up 82 cents, or 0.9%, to $93.16 a barrel. West Texas Intermediate (WTI) crude futures also rose 85 cents, or 1%, to $87.38 a barrel. The contracts slumped about 3% on Tuesday as weak U.S. housing starts data spurred concerns about a potential global recession. U.S. crude and fuel stocks fell in the latest week, according to market sources citing American Petroleum Institute figures on Tuesday. Short Term Technical View: In 1-hour chart, XTIUSD is trading at middle line of Bollinger band indicator. As per RSI Indicator showing Weakness in 1-hour chart, XTIUSD pivot level is 87.50 as per today 1-hour chart, my view is sell on rise strategy is good for XTIUSD. Sell range of XTIUSD is 87.50 to 87.75 and there is very strong resistance zone at 89. Alternative Scenario: If XTIUSD will trade above 89 and sustain above in U.S. Session so it will be, give great opportunity to buy with the target of 91 with the stop loss of 87.50. (Note- Crude oil inventory at 8 PM IST)
FXOPEN:XTIUSD
by RATONYCNC
Crude Oil making Ending Diagonal in wave C of WXYCrude in WXY double zig zag correction. Currently wave C of Y in progress. All internal waves of C wave are overlapping one another that leaves only one pattern to be considered as "Ending Diagonal" or falling wedge Break of this pattern on upside would reverse price (at least temporarily as there is chance of Triple zig zag too) Looking at wave 5 of C we can say it could make one more low below 86.82 but if goes too deep 77.5 then CHART Invalid. Would wait for confirmation Above 95 to head towards 114 which is starting point of Ending Diagonal in wave C DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
TVC:USOIL
by Niftydirection
What 1-hour chart says? Fundamental Development: Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession. Brent crude futures fell 73 cents, or 0.8%, to $94.37 a barrel by. WTI crude futures dipped 44 cents, or 0.5%, to $88.97 a barrel. Oil futures fell about 3% during the previous session. China's central bank cut lending rates to revive demand as the economy slowed unexpectedly in July, with factory and retail activity squeezed by Beijing's zero-COVID policy and a property crisis. China's fuel product exports expected to rebound in August to near a year high after Beijing issued more quotas, adding pressure to already-cooling refining margins. Market participants awaited industry data on U.S. crude stockpiles due later on Tuesday. Oil and gasoline stockpiles likely fell last week, while distillate inventories raised, a preliminary Reuters poll showed on Monday. Short Term Technical View: In 1-hour chart, XTIUSD is trading at middle line of Bollinger band indicator. As per RSI Indicator showing bullishness in 1-hour chart, XTIUSD pivot level is 88.40 as per today 1-hour chart, my view is buy in dip strategy is good for XTIUSD. Buy range of XTIUSD is 87.50 to 87.25 and there is very strong support zone at 86. Alternative Scenario: If XTIUSD will trade below 86 and sustain below in U.S. Session so it will be, give great opportunity to sell with the target of 84.50 with the stop loss of 87.50.
FXOPEN:XTIUSD
by RATONYCNC
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support Why we like it Price trading the 4hr resistance moving to the next level support waiting for bearish candlestick formation Trading in channel 1st support: 82.68 Next Zone area & horizontal swing Low support 1st Resistance 99.68 Zone area & horizontal swing high resistance
TVC:USOILShort
by Skandhatrade
What 1-hour chart says? Fundamental Development: Oil prices pulled back slightly on Tuesday on the latest progress in final talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market. Brent crude futures fell 14 cents, or 0.1%, to $96.51 a barrel, paring a 1.8% gain from the previous session. U.S. West Texas Intermediate (WTI) crude futures declined 16 cents, or 0.2%, to $90.60 a barrel, after climbing 2% in the previous session. The European Union late on Monday put forward a "final" text to revive the 2015 Iran nuclear deal, awaiting approvals from Washington and Tehran. A senior EU official said a final decision on the proposal expected within "very, very few weeks". The oil market has remained under pressure recently over global recession fears, with Brent prices suffering their biggest weekly drop last week. Short Term Technical View: In 1-hour chart, XTIUSD is trading at middle line of Bollinger band indicator. As per RSI Indicator showing bullishness in 1-hour chart, XTIUSD pivot level is 88.65 as per today 1-hour chart, my view is buy in dip strategy is good for XTIUSD. Buy range of XTIUSD is 88.65 to 88.51 and there is very strong support zone at 86.50. Alternative Scenario: If XTIUSD will trade below 86.50 and sustain below in U.S. Session so it will be, give great opportunity to sell with the target of 85 with the stop loss of 88.
FXOPEN:XTIUSD
by RATONYCNC
What 1-hour chart says? Fundamental Development: Oil prices bounced higher from multi-month lows on Monday as investors' appetite improved following data on U.S. jobs and Chinese exports data that eased recession concerns. Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel. U.S. West Texas Intermediate crude was at $89.76 a barrel, up 75 cents, or 0.8%. Both contracts settled higher on Friday after jobs growth in the United States, the world's top oil consumer, unexpectedly accelerated in July. On Sunday, China also surprised markets with faster-than-expected growth in exports. Front-month Brent prices last week hit the lowest levels since February, tumbling 13.7% and posting their largest weekly drop since April 2020, while WTI lost 9.7%, as concerns about a recession hitting oil demand weighed on prices. Short Term Technical View: In 1-hour chart, XTIUSD is trading upper line of Bollinger band indicator. As per RSI Indicator showing bullishness in 1-hour chart, XTIUSD pivot level is 89.50 as per today 1-hour chart, my view is buy in dip strategy is good for XTIUSD. Buy range of XTIUSD is 88.25 to 88 and there is very strong support zone at 86.25. Alternative Scenario: If XTIUSD will trade below 86.25 and sustain below in U.S. Session so it will be, give great opportunity to sell with the target of 84.25 with the stop loss of 88.25.
FXOPEN:XTIUSD
by RATONYCNC
What 1-hour chart says? Fundamental Development: Oil prices rose on Friday, bouncing off their lowest levels since February in the previous session, as supply shortage concerns were enough to cancel out fears of slackening fuel demand. Brent crude rose 55 cents, or 0.6%, to $94.67 a barrel, while U.S. West Texas Intermediate crude was up 65 cents, or 0.8%, at $89.19 a barrel. Oil prices have come under pressure this week as the market fretted over the impact of inflation on economic growth and demand, but signs of tight supply kept a floor under prices. For September, OPEC+ is set to raise its oil output goal by 100,000 barrels per day. The hike is one of the smallest since OPEC quotas were introduced in 1982, OPEC data shows. Short Term Technical View: In 1-hour chart, XTIUSD is trading above middle line of Bollinger band indicator. As per RSI Indicator showing bullishness in 1-hour chart, XTIUSD pivot level is 88.50 as per today 1-hour chart, my view is buy in dip strategy is good for XTIUSD. Buy range of XTIUSD is 88.50 to 88.25 and there is very strong support zone at 86. Alternative Scenario: If XTIUSD will trade below 86 and sustain below in U.S. Session so it will be, give great opportunity to sell with the target of 83.51 with the stop loss of 88.50.
FXOPEN:XTIUSD
by RATONYCNC
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support Why we like it Price trading the 4hr resistance moving to the next level support waiting for bearish candlestick formation Trading in channel 1st support: 82.68 Next Zone area & horizontal swing Low support 1st Resistance 99.68 Zone area & horizontal swing high resistance
TVC:USOILShort
by Skandhatrade
1
What 1-hour chart says? Fundamental Development: Oil prices rose on Thursday as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after U.S. data signaled weak fuel demand. Brent crude futures rose 42 cents, or 0.4%, at $97.20 a barrel, while West Texas Intermediate (WTI) crude futures last up 49 cents, a 0.5% gain, at $91.15. Both benchmarks fell to their weakest levels since February in the previous session after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ agreed to raise its oil output target by 100,000 barrels per day (bpd), equal to about 0.1% of global oil demand. Short Term Technical View: In 1-hour chart, XTIUSD is trading below middle line of Bollinger band indicator. As per RSI Indicator showing weakness in 1-hour chart, XTIUSD pivot level is 92 as per today 1-hour chart, my view is sell on rise strategy is good for XTIUSD. Sell range of XTIUSD is 92 to 92.25 and there is very strong resistance zone at 94. Alternative Scenario: If XTIUSD will trade above 94 and sustain above in U.S. Session so it will be, give great opportunity to buy with the target of 96 with the stop loss of 92.
FXOPEN:XTIUSD
by RATONYCNC
#USOIL it's possible to sell#USOIL for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support Why we like it Price trading the 4hr resistance moving to the next level support waiting for bearish candlestick formation Trading in channel 1st support: 89.10 Next Zone area & horizontal swing Low support 1st Resistance 120.65 Zone area & horizontal swing high resistance
TVC:USOILShort
by Skandhatrade