Crude OilPair : Crude Oil
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Breakout of Upper Trend Line
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Support Level
Oiltrading
West Texas Oil / Problems in the Middle East?Hey traders
We have oil here at critical zone will it break up or down?, a big pullback on middle east worries, I think things will calm down, and possibly we will get another leg drop, so I will be selling oil back down.
Please like comment and follow cheers
This chart material is for education purposes only / Demo account should be traded only.
Thursday Climb Crude Oil As this week has been short term Bullish I am looking for continuation today.
At around NY open I would like to head down into the 1hr FVG and then show signs it wants to move higher towards the BSL that is marked
USOIL ( BREAKOUT DEMAND ZONE ) (4H)USOIL
HELLO TRADERS
Tendency , the price is under bearish pressure , after breakout demand zone .
TURNING LEVEL : the price of turning level around 76.96 , until the price trading below this level reach a support level (1) , but if the price breaking this level reach resistance level (1) .
RESISTANCE LEVEL (1) : this level around 80.49 , for reach this resistance the price it will be breaking turning level .
RESISTANCE LEVEL (2) : around 82.83 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : as long the price trading below turning level reach this level around 75.05.
SUPPORT LEVEL (2) : this level around 72.46, for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .
CORRECTIVE : the price may be corrective turning level at 76.96 , before drooping .
TARGET LEVEL :
RESISTANCE LEVEL : 80.49 , 82.83 .
SUPPORT LEVEL : 75.05 ,72.46 .
Texas Oil to continue in the downward move at market price?WTI - 24h expiry
Our short term bias remains negative.
Our bespoke support of 77.06 has been clearly broken.
Previous support at 77.50 now becomes resistance.
We look for a temporary move higher.
We look for losses to be extended today.
We look to Sell at 77.50 (stop at 78.30)
Our profit targets will be 75.50 and 75.15
Resistance: 77.13 / 77.50 / 78.00
Support: 76.60 / 75.80 / 75.4
Risk Disclaimer
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Turbo Tuesdays ? Crude OilNice ranged day on Monday leading me to think today won't be as expansive.
Nether less I am looking for Bearish movement but I would like some sort of BSL to be taken meaning I am anticipating a retracement come NY open 0830est roughly.
15min FVG and the 2hr -OB are areas if price was to retrace to I would look for shorts.
Targets are bellow the weekly ssl and the eql's.
Monday Drab Crude Oil We opened with a large Gap to the upside...
So far we have not moved in any direction with any purpose.
To stay bearish running into NY the DAILY -OB should be respected if we retrace back to that level.
Closing the NWOG with a displacement candle would be advantageous for sell side to be taken and the two targets I have noted with the magnets.
Brent Crude Oil Pattern FormationThis commodity has been forming a pennant (an indication of a ranging momentum) for the past few weeks.
Let us now focus on the shorter timeframes to have a clarity on where our entry positions might be.
Thursday Trouble Crude OilWe are nearing the end of the week and have had some nice movement heading lower..
I have marked out the Previous Day Wick ( PD Wick ) If price is to retrace today for NY this is where I would expect it to stop and head lower / consolidate at least.
The Draw on Price are bellow :
Daily +OB
Daily EQL'S
DAILY FVG
WTIThe general trend of oil is currently downward and every high is worth selling!
Pay attention to the limits beforehand and check in a small time frame
Crude Oil BIAS - Monday So Friday Crude showed its hand to us and what it was really wanting to do.
Sell side hit and with that a large Daily Displacement.
We could expect a smaller range day today and with that said I am looking for short term BSL to be taken before to carry on to the sell side of the chart.
I have two targets marked out clearly for this weeks initial draw on liquidity and the BIAS.
Thursday Crude Oil ForecastYesterday we saw a nice rally creating a Daily +OB which I have annotated.
If price is to respect the 4hr FVG we will see price go higher to the marked target.
I am bullish today however to expect some form of retracement after such a move is understandable for the market to make.
Bullish is the motive.
Crude Oil - Wednesday ForecastWe have created a consolidation and formed a short term low for now
I believe price will head to these BSL targets marked in the chart.
15min FVG should stay respected with candles closing above it if revisited, preferably for price to not come back to it.
USOILPair : Crude Oil - US Oil
Description :
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 61.80%
Demand Zone
WTI Crude Oil Bearish Heist Plan to make moneyMy Dear Robbers / Traders,
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Stop Loss : Recent Swing High using 4h timeframe
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Crude Oil MondayCurrently we are between two Daily OB's and high probability bias isnt on the cards right now.
This means we look to intra day liquidity
The 15min +OB should be respected leading to NY open with the two EQH's as DRAW for price.
Short and Simple.
July 15 WTI crude oil trading strategy
July 15 WTI crude oil trading strategy
I give several safe trading areas:
Sell:
83.5-83.7 (I sold at this price last week and made a big profit. I will continue to try to sell here this week)
84.2-84.55 (suitable for selling, sl84.8)
Buy:
81.5-81.6 (scalping profit)
81.-81.2 (sl 80.68)
79.95-81.2 (can hold and get more than 80-160pips profit)
Trading according to these indicators can make you a safe profit.
If you use my signal to make a profit. Please join me and give me a thumbs up
Decoding USOil TrendsHello traders,
Here, I aim to decipher the trends of USOIL across all timeframes.
On the weekly chart, a cup & handle pattern is evident, with $84 serving as the pivotal price. A clear breakout on the daily timeframe could signal a bullish stance for USOIL.
First target: $94
Second target: $109
Stop-loss: Close below $72 on a daily basis.
I'll keep you updated as the situation evolves.
Best of luck
WTI Crude oil trading strategy on July 12
WTI Crude oil trading strategy on July 12
I give several safe trading areas:
sell:
83.6-84 (scalping. Small profits are enough)
84.3-84.55 (suitable for selling, sl84.8)
buy:
81.6-81.8
80.9-81.2
Trading according to these indicators will allow you to make safe profits.
If you make a profit using my signals. Please join me and give me a thumbs up
Crude OilPair : Crude Oil
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
Demand Zone
Rising Wedge as an Corrective Pattern in Short Time Fame
Fibonacci Level - 61.80%
Slugging On Wednesday Crude OilSo we have continued to head south and the next target would be the Daily SSL and the Red Daily FVG.
With all the news today and it being summer month volume there could be a nice sell off towards these targets by the end of the week.
Pretty simple.
Slow Monday? Crude OilSo we took some Daily BSL last week on Friday and since we have sold off slowly.
NWOG gapped down and this indicates for at least today some sort of Raid or hunt to also touch a PD array thats near to a discount.
We have no major news catalyst today and that brings slow PA although it may travel its not ideal for scalpers. ( Lots of back and forth )
Wednesday and Thursday have crucial Crude Oil news events and these will be the optimum days to trade.
For Today I am bearish until we reach these targets and or a htf Market structure shift.
Be prepared to stay dynamic.
75: Decline in Oil Tankers to China Signals Weaker DemandThe number of oil tankers heading to China has dropped to its lowest in nearly two years, indicating weaker demand in the world's second-largest economy. Bloomberg reports only 86 supertankers en route over the next three months, the lowest since August 2022.
Current Scenario: After holding $70 on the weekly chart, oil prices are attempting to reach new highs around $90. This movement suggests bullish momentum as the market reacts to shifting demand dynamics.
Bearish Scenario: If oil prices fail to maintain momentum and drop below the recent low, we could see a trend reversal. Key support to watch is around $60, where buyers might step in again.
Bullish Scenario: If oil prices break above $90, we could target $100 as the next major resistance level. Sustained bullish momentum would be necessary for this upward move, potentially driven by improving economic indicators or geopolitical factors.
