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#202518 - priceactiontds - weekly update - oilGood Evening and I hope you are well. comment: Bears defended the breakout area and kept the market in a bear trend. Bulls tried to print a higher low with a decent bull reversal bar on Thursday. Now what? No idea. Oil below 60 is a big thing and staying below is somewhat low probability, given the past 6 years. The chart is still pretty bearish and if you want to be a bull and look at this, would you be thrilled to buy it at 58? I’m not sure. If you could hold below 53 and add lower as well, sure but as of now, bulls have not done enough to convice me this is a credible bottom. current market cycle: trading range on monthly tf and bear trend on the daily key levels: 54 - 65 bull case: Bulls want to keep Thursday the higher low and go up from here. Above 60 they are slightly favored to test 62/64 again but one could also draw another bear trend line from 71.66 to 63.9 from last Monday. So buying here is not favorable, no matter how you look at this chart. Only above 65 do bulls take control again and can test the next bigger bear trend line around 67. Invalidation is below 54. bear case: Bears kept the bounce around the breakout area from the W1 low. Now they need to make lower lows to confirm the acceleration of this bear trend. If they fail, this will become fuel for the bulls to test back up to either 67 or even the W2 high at 71.66. My line in the sand for the bears is a daily bull bar close above the daily 20ema. If bulls can get that, I think more bears will give up. Until then, bears are slightly favored, especially below 56.29 to test 54.48 again. Invalidation is a daily close above 62 and for sure anything above 65. short term: Neutral around 58. Below 56.29 I think we can do 54.48 or lower and above 62 I expect more upside for 64 or higher. medium-long term - Update from 2025-04-27: This does look like another bear trap below 60, which was to be expected.
NYMEX:MCL1!
by priceactiontds
A Preliminary Double Bottom Support Pattern May Be FormingCurrently, factors such as geopolitics, OPEC+ policies, and the trend of the US dollar all have a two-sided impact on USOIL. Only the technical aspect reveals directional signals. This week, the crude oil price rebounded rapidly after hitting a low of $56. It has formed the embryonic form of a double bottom with the previous low point, and this pattern may become a turning point in the market trend. According to the theory we proposed earlier, "A deep correction breeds a strong rebound," the price of $56 has become a key support level. If the oil price stabilizes at this level next week, the double bottom pattern is expected to be confirmed, which will in turn trigger a technical rebound. Conversely, once this key level is effectively broken, it is likely to trigger a concentrated sell-off of stop-loss orders, intensifying the downward pressure on the price. I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
TVC:USOIL
by H_C_12
Crude Oil Outlook and Trading Tips for Next WeekThe expected production increase by OPEC+, trade concerns triggered by Trump, and the risk aversion sentiment in the global economy dominate the price trend of crude oil. On Saturday, OPEC+ confirmed a production increase of 411,000 barrels per day in June, intensifying concerns about oversupply. Technically, the bearish trend dominates the crude oil market. Due to the low liquidity in the Asian market caused by holidays next Monday, the oil price is likely to fluctuate significantly. Last week, crude oil continued to decline and closed with a large bearish candlestick on the weekly chart. Next week, the focus is on whether the oil price will break below the previous double-bottom support. In the short term, the oil price has been fluctuating within a range. Currently, it is under pressure and adjusting around $64.88 per barrel, and there are signs of it encountering resistance for the second time around the $60.2 resistance level. In conclusion, it is highly probable that crude oil will continue to be under pressure. On Monday, it is advisable to mainly consider shorting on rebounds and supplement with going long at low levels. Pay attention to the resistance levels of $59.3 - $60.3 per barrel on the upside and the support levels of $57.7 - $56.3 per barrel on the downside. USOIL sell@59.5-59.20 tp:58.00-57.50 Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
TVC:USOILShort
by VolatilityWise
WTI TRADE IDEAhello everyone From the previous oil movement, the entry at 58.52 moved up by 80 pips before hitting breakeven. For the upcoming open market, if the trendline and support or resistance break out as shown on the M30 chart, it could signal an opportunity to enter the market. Ensure strong confirmation before acting, and keep an eye on shifts in market structure. Thanks a lot for your support & best of luck **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
TVC:USOIL
by mytw0cents
Analysis and Layout of Crude Oil at the Opening of the MarketThe international crude oil market has experienced intense fluctuations. Both Brent crude oil and West Texas Intermediate (WTI) crude oil have recorded significant declines, dropping by 8.31% and 7.58% respectively. The expectations of OPEC+ production increase, the trade concerns triggered by Trump, and the market's risk aversion sentiment due to the global economic slowdown have become the key factors dominating the trend of oil prices. The crude oil has corrected and broken below the support line, and there is a high probability that the bearish trend will enter a further acceleration stage. After the initial rise followed by a fall, the demarcation line between the bulls and the bears is around 59.4. If it comes under pressure again, it will indicate the continuation of the future trend. The moving average system is in a bearish arrangement, and it is suppressed by the 30-day moving average. Objectively, the short-term trend direction remains downward. Next week, consider taking short positions around 59.4 and expect further decline.
TVC:USOILShort
by HilaryBloomer
USOIL:Sharing of the Trading Strategy for Next Week This week’s trading wrapped up successfully. Our exclusive VIP trading signals achieved a 90% accuracy rate! Currently, the crude oil market is affected by factors such as the economic data of the United States and the expectations of production increases by OPEC+ and is generally showing weakness, with prices fluctuating. Pay attention to the resistance level at 60 above. If the price fails to effectively break through this resistance level, considering taking a short position with a light position can be an option. Trading Strategy: sell@60-59 TP:57-55 The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them! 👇 👇 👇 Obtain signals👉👉👉
TVC:USOILShort
by PagAugustine
Analysis of the Market Trend for Next WeekThe price of crude oil futures declined on Friday, falling by approximately 1% during the session, giving back the gains brought about by a brief technical rebound. Bearish demand signals continued to dominate traders' sentiment. The price of crude oil is likely to drop by more than 7% this week, which reflects the growing concerns in the market about the weakening of global demand. Traders remain cautious ahead of the crucial OPEC+ meeting scheduled for May 5th. It is expected that some member states will push for an acceleration of production increases before June. There are reports that Saudi Arabia has hinted that it has no intention of supporting oil prices through a new round of production cuts, which has further intensified the downward pressure on oil prices. In terms of demand, the market remains skeptical about potential trade negotiations. The Ministry of Commerce of China stated that it is evaluating the proposal put forward by the United States to resume tariff negotiations. Analysts said that the trade environment remains unstable and fraught with uncertainties. Crude oil showed a trend of rising first and then falling today. At the same time, the oil price correction broke below the support line, and the bearish trend of oil prices is expected to enter a further acceleration stage. After the rise first and then the fall, the demarcation line between the bulls and bears of oil prices is around $59.3. If it is under pressure again, it will indicate the continuation of the future trend.
FX:USOILShort
by HilaryBloomer
USOIL What Next? BUY! My dear followers, I analysed this chart on USOIL and concluded the following: The market is trading on 58.35 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 60.83 Safe Stop Loss - 57.06 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
4
Summary of the Crude Oil Market This WeekThis week, the crude oil market witnessed a significant decline. Brent crude oil dropped by a cumulative 8.3%, and WTI crude oil fell by 7.5%. Both recorded their largest single-week declines since the end of March.👉👉👉 OPEC+ convened a production meeting ahead of schedule and planned to discuss the production increase plan for June. The market bets that the probability of a production increase is as high as 70%. Previously, OPEC+ unexpectedly announced in April that it would increase daily production by 411,000 barrels starting from May, which is three times the original planned increase. This move aimed to punish member states that had overproduced oil. If production is further increased in June, it will further intensify the supply pressure on the market. Although the geopolitical tensions in the Middle East region have intensified, such as the postponement of the fourth round of nuclear negotiations between the United States and Iran, which has, to a certain extent, provided support for oil prices, judging from the overall market situation this week, this supporting effect has failed to offset the impact of increased supply and decreased demand. Overall, this week, under the intertwined influence of factors such as increased supply, uncertain demand prospects, and changes in the geopolitical situation, the crude oil market showed a significant downward trend. The market's expectations for crude oil prices are rather pessimistic, and it is expected that crude oil prices will still face certain downward pressure in the coming period. However, if OPEC+ changes its production increase plan, or if there is an unexpected improvement in the global economy, crude oil prices may rebound.
TVC:USOILShort
by Trading_Grorge
The decisive day of major data (USOIL) Yesterday, it was pointed out in the analysis circle: The support of 58 needs to be tested. Sure enough, buying at low levels continued to expand profits. The current price is 59.6. From the pressure analysis, the market is still affected by data that oversupply, and institutions will not reduce production in a short time. Therefore, oil prices will fall further, The oil price broke through 59. Due to supply reasons, the market still has a downward range. 60-61 is a good choice to sell in succession. tp58-57
TVC:USOILShort
by Band_analysis
WTI TRADE UPDATEhi all Based on the current situation for WTI, with the stop loss hit from the previous trade idea, Plan A now relies on a breakout of the trendline and the support turning into resistance as confirmation for taking a long position. However, if rejection occurs at the trendline or at the support-turned-resistance level, there's a possibility that the price will decline again, given that a breakout has already happened on the daily timeframe. Therefore, closely monitoring price movements around these key levels is crucial before making any trading decisions. Ensure strong confirmation before acting, and keep an eye on shifts in market structure. Feel free to share any new updates, and best of luck with your strategy! good luck all **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal** Thanks a lot for your support
TVC:USOILLong
by mytw0cents
2
WTI Oil H4 | Pullback resistance at 50% Fibonacci retracementWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 60.49 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement. Stop loss is at 62.30 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance. Take profit is at 56.68 which is a multi-swing-low 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 (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:USOILShort
by Tradu
USOIL CAUTION! BREAK - TEST - GO!This is my new updated chart of Oil. Trump's "Drill baby Drill" interfering with the free market is the absolute worst thing he could do. His ridiculous tariffs will put us in an economic depression! Oil prices are driven by demand! As I have mentioned here on TV so many times before! Increasing supply while heading into a recession is the dumbest thing possible! You never want to consume your own oil when you can consume others first! Simultaneously, F your own nation's oil company's profit margins and gov tax revenue! This is why we shouldn't put toddlers as POTUS! Anyway!!! This is a break test go! setup! If you haven't seen it before, here is an example I recently posted with AAPL. Click Boost, follow, subscribe! Let's get to 5,000 followers so I can help them navigate these crazy markets too. ))
TVC:USOILShort
by RealMacro
2
USOIL trading alerts. Pressure and support.Oil also fell according to instructions. I just forgot to remind you. Sorry, but the profit is quite good. Sell short from 58.7. Then the lowest reached 56.34 But today in the New York market, USOIL rose again above 58. From a fundamental perspective. The market will continue to fall under pressure. But from the trend, we need to pay attention to the support of 58. If it does not fall today, it is likely to continue to fall based on Friday's trend. The pressure level near 59 needs to be paid attention to. In terms of operation, it is still mainly selling at high levels. Always remind trading risks. So don't ignore this. If you don't know how to trade. Remember to wait and see. Don't trade blindly or gamble. Many investor friends know that I have led some investors to create good profits for several consecutive days. If you don't know how to trade, remember to leave me a message and try it. Maybe your profit will double.
TVC:USOIL
by Band_analysis
BTCUSD Short Setup Rejection from Major Resistance Targeting 89kThis BTC/USD chart shows a clear sell bias as the price repeatedly fails to break above a major resistance zone marked near the $95,500 level. Multiple rejections (highlighted with red arrows) indicate strong selling pressure. The suggested path shows a potential drop toward the 1st target around $91,530, and if momentum continues, further decline toward the 2nd target near $89,000, which aligns with a broader support zone. Entry Zone: Between $94,800 – $95,300 (inside the major resistance zone) Stop-Loss (SL): Just above the resistance zone, around Take Profit Levels (TPs): TP1: $93,200 – First minor support zone (lock partial profits, move SL to entry) TP2: $91,500 – Key horizontal support (major reaction zone, good for larger partials) TP3: $89,200 – Close to the lower support zone (final target for full exit) This setup offers a solid Risk-Reward Ratio of approximately 1:2.5 to 1:3, depending on exact entry.
BITSTAMP:BTCUSDShort
by ChartWizard_1
2