CFDs on Crude Oil (WTI) USOIL

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Technical Analysis Summary


Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times. Two major benchmarks for pricing crude oil are the United States' WTI (West Texas Intermediate) and United Kingdom's Brent. The differences between WTI and Brent include not only price but oil type as well, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil is dependent on global economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although there have been discussions of replacing the USD with another trade currency for crude oil, no definitive actions have been taken.

Related Symbols

CFDs on Brent Crude Oil
Light Crude Oil Futures
West Texas Oil
Brent Crude Oil


Flash430 Flash430 USOIL, 240, Short ,
USOIL: WTI OIL Short 71 target 62 (minimum) stop 74
26 0 2
USOIL, 240 Short
WTI OIL Short 71 target 62 (minimum) stop 74

Possible rising wedge in wave 5 position in Crude Oil. Return to origin of wedge/wave 4 in low 60's possible now.

Lambat96 Lambat96 USOIL, 240, Education
USOIL: Crude Oil Technical Analysis
35 0 1
USOIL, 240 Education
Crude Oil Technical Analysis

This is some technical analysis i have been doing where i have figured a gradual uptrend, where the market shows great volatility bouncing up and down. This is possibly for a long term trade, where the market could fall to the point shown. I hope this helps even by the slightest

liuncoln24 liuncoln24 USOIL, 1D, Long ,
USOIL: Possible set up on Oil
104 0 3
USOIL, 1D Long
Possible set up on Oil

Waiting for a pull back to get long....

grimweasel grimweasel USOIL, 1W, Short ,
USOIL: Short Crude based on Weekly DeMark Sequential Sell Setup
42 0 2
USOIL, 1W Short
Short Crude based on Weekly DeMark Sequential Sell Setup

Crude (WTI) (CL_F) has shown a very ominous sell signal via the DeMark 9 setup and DeMark 13 countdown. The pattern now has 13-15 bars to develop the sell conditions otherwise the setup is negated. Look for bearish price action or sell the close below the 13 bar low (c.$62.00) to target c.$47.00 which is the TD setup low of the no1 bar of the setup 9 count. ...

anedjai anedjai USOIL, 1W, Long ,
USOIL: Long position on crude oil
11 0 0
USOIL, 1W Long
Long position on crude oil

Crude oil is trading just above a significant resistance level - there has been a few closes above and given the recent momentum we can expect the upward trend to continue. The risk/reward ratio looks favourable. Order put in for 71.40 with a stop loss at 70.90 and a take profit at 75.70 which is just below the second horizontal resistance line.

DominikStone DominikStone USOIL, 1D,
USOIL: The market continues to consolidate the key breakout above 69.55
17 0 0
The market continues to consolidate the key breakout above 69.55

The market continues to consolidate the key breakout above 69.55 whilst the psychological 70 adds to the continued positive outlook. The support of a five week uptrend now comes in today at 69.50 to bolster this breakout support, whilst the rising 21 day moving average is also has supported recent corrections and comes in today around 69.40. Recent neutral daily ...

ionut_fx ionut_fx USOIL, 60, Short ,
USOIL: short
12 0 0
USOIL, 60 Short

3rd bound of the resistance .... let s see how this plays out

TraderOfSwag TraderOfSwag USOIL, 1D,
USOIL: Oil looks like going down next week.
89 0 2
Oil looks like going down next week.

I have been chasing a down movement, most of my charts on WTI are bearish although I put a good LONG some weeks ago. (See my twitter feed taking about a triple divergence) Next week I am seeing a high chance of WTI going down hard, next jump may reach 80's but it has to go down and get some impulse before we get there. The question is how far will it go? I am ...

Slowboy-R Slowboy-R USOIL, 1W, Long ,
60 1 0
USOIL, 1W Long

Lots of shorts at this level but upward strength is clear on the weekly.

LiteForex_Official LiteForex_Official USOIL, 240,
USOIL: WTI Crude Oil: oil prices continue to grow
35 0 1
USOIL, 240
WTI Crude Oil: oil prices continue to grow

Current trend Prices for WTI crude oil show steady growth, updating record highs. The main driver of the instrument growth is geopolitical tension in the Middle East. In particular, the markets reacted sharply to reports of interception by Saudi Arabia of missiles over Riyadh. Also, investors closely follow the actions of Donald Trump, who threatened a new ...

Sagefx Sagefx USOIL, 240, Short ,
48 0 0
USOIL, 240 Short

Crude Oil - H4 - I see price at a strong supply zone and expecting a sharp drop from cmp 65.10 targets 60 and 56

Hirschle97 Hirschle97 USOIL, 240,
17 0 0
USOIL, 240

Lower lows and lower highs. fib levels on point Bearish weekly close lets go!

Sagefx Sagefx USOIL, 60, Short ,
34 0 0
USOIL, 60 Short

Oil - H1 chart - I see a good sell setup on crude oil with a decent risk to reward. Pending sell limit order at 65.30 with stops above 66.50 (120 pips) and take profit at 60 (530 pips)

TraderOfSwag TraderOfSwag USOIL, D, Short ,
USOIL: Double top in Crude Oil - Bears in charge now
37 0 0
USOIL, D Short
Double top in Crude Oil - Bears in charge now

We just saw a double top pattern in WTI which is signaling a downtrend in Crude Oil. We are shorting it now looking for a 64 as first stop our final target is around 55. Keep in mind that a break on 66 or 64 may be the start of a large move. Good look

chafani chafani USOIL, 1D, Short ,
USOIL: USOIL - 1D, Bearish Harmonic Pattern
44 0 0
USOIL, 1D Short
USOIL - 1D, Bearish Harmonic Pattern

USOIL - 1D, Bearish Harmonic Pattern

khansalarehsan khansalarehsan USOIL, 240, Long ,
USOIL: A great opportunity to go Long USOIL
92 0 4
USOIL, 240 Long
A great opportunity to go Long USOIL


GusHenderson GusHenderson USOIL, 240, Short ,
USOIL: WTI oil down to 56.
46 3 0
USOIL, 240 Short
WTI oil down to 56.

5 waves up completed and needing a deeper ABC correction. Don't be fooled by the bullish pop on Friday, I was for a while but it looks like a technical pop up from compression of the channel. I believe the wedge structure here will still end up being inverted and take price down to fulfil wave 5 1.272. The current wedge is highly characteristic of wave 4 corrections.

cryptdee cryptdee USOIL, 240, Short ,
USOIL: USOIL Shorting Setup
122 2 2
USOIL, 240 Short
USOIL Shorting Setup

I'm bearish on oil because 1. Elliot Waves: On the 4H, It has completed the 5 Elliot waves. It's currently in the correction phase 2. Triangles: I've also used the Descending triangle to show the current downtrend in the C correction 3. Fibonnaci retracements - link up well with the Support and Resistance lines of the retracement I'm betting on it going down to ...

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