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Crude Oil WTI

Hellena | Oil (4H): LONG to area of 82.000 (Wave "5"). Colleagues, all trading instruments are behaving extremely unpredictably right now due to the situation with Trump's inauguration among other things. I see this as an opportunity to redraw the waves. Apparently now the price is developing wave “4” and will finish it soon. I expect the price to reach the area of 82.000, renewing the high of wave “3”. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDELong
by Hellena_Trade
3
Crude OIL $UKOIL Classic patternI've seen this pattern many times over the last 5 years on different instruments, and its working out to over 50% The essence of this pattern is a classic triangle with horizontal support, most of the participants realize that we will break down, but not everyone believes that we will take liquidity off the top before going down. An instrument like oil is quite trivial and it can fall without taking liquidity off the top. But I want to share a few examples of my theory working out, where the upper resistance line is broken before the drop-down Best regards EXCAVO
FX:UKOIL
by EXCAVO
8
WTI tests resistance after bouncing from $75"We will drill, baby, drill" That's what Donald Trump said yesterday and is what makes me think oil is headed lower in longer-term outlook, or at best upside should be limited in long-term. In short-term a lot can happen of course, but right now the path of least resistance appears to be to the downside. WTI has been trending lower in the last few days and broken some important support levels. These levels have turned into resistance. For example: $77.00. Earlier, prices dipped to test the first major support area around 75.00, and it bounced from there. But thanks to Trump's bearish oil policy, we could see the selling resume. At the time of writing, WTI was testing another broken support level around the 75.80 to 76.05 area. Will we see the sellers return here? By Fawad Razaqada, market analyst with FOREX.com
FOREXCOM:USOILShort
by FOREXcom
WTI CRUDE OIL This pull back is the best buy opportunityWTI Crude Oil is on the pull back after a Resistance Zone (1) rejection. The Rising Support trend line is parallel to the MA50 (1d) and a 0.5 Fibonacci test would be the most effective buy entry. So far this resembles the January 29th 2024 rejection. Trading Plan: 1. Buy on the 0.5 Fib. Targets: 1. 86.50 (Resistance Zone 2). Tips: 1. The RSI (1d) also shows similarities with the Jan 29th 2024 rejection, supporting our expectation of a MA50 (1d) bounce. Please like, follow and comment!!
TVC:USOIL
by TradingBrokersView
USOIL Short Setup: Key Zone to WatchUSOIL is testing a significant resistance zone around the 78.00 level, an area where price previously faced strong selling pressure. Current price action suggests potential exhaustion, with signs of rejection visible. If sellers take control, a pullback toward the 76.01 level, acting as the first key support, could be in play. Traders should look for bearish confirmation, such as reversal candlestick patterns or breakdowns below recent lows, to position for a potential short move.
TVC:USOILShort
by TrendDiva
USOIL H1 | Potential Bearish BreakoutBased on the H1 chart, the price is approaching our sell entry level at 77.058, which is a pullback resistance. This level is expected to act as a potential reversal point in the bearish setup. Our take profit is set at 75.240, a pullback support level, marking a logical target for the trade. The stop loss is set at 79.010, above the recent swing high, providing room for price fluctuations while protecting against invalidation of the bearish bias. 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILShort
by FXCM
Today analysis for Nasdaq, Oil, and GoldNASDAQ The NASDAQ closed higher, combining two days of movement into one candle. As anticipated, it rose during the pre-market session but declined during the main session. The daily chart formed a bullish candle, confirming yesterday's buy signal. The bullish trend on the daily chart is likely to continue, but with the current significant gap between the 3-day and 5-day moving averages, a pullback followed by renewed buying pressure is expected. It is essential to focus on dip-buying rather than chasing prices. However, keep in mind that the weekly chart still shows a sell signal, and both the MACD and signal line on the daily chart remain below the zero line, indicating the possibility of a reversal to a bearish wave at any time. On the 240-minute chart, the buy signal is intact, and the upward trend continues. However, there is no significant improvement in market liquidity. A strong bullish candle that breaks the box range is needed, but such a move has not yet materialized. Therefore, pre-market sessions may show mixed movements. Selling at resistance levels for box-range trading is advisable. Be mindful of potential volatility due to executive orders from President Trump, which could lead to sharp price swings. CRUDE OIL Crude oil closed lower, finding support at the $75 level. As mentioned previously, the $74–$75 range aligns with the 5-day moving average on the weekly chart and serves as a critical support zone, making it a favorable area for dip-buying. With a 400-tick drop from the $79 high and no dead cross between the MACD and signal line on the daily chart, there is a high probability that oil will rebound as the MACD supports the signal line. On the 240-minute chart, the MACD and signal line have dipped below the zero line, which could accelerate selling momentum. However, the 60-period moving average on the 240-minute chart continues to slope upward, suggesting that selling should be avoided and buying at key support levels is a better approach. GOLD Gold closed higher, leaving a lower wick near key support levels. On the weekly chart, resistance remains overhead, but the daily chart indicates that the trend could continue upward, making dip-buying a favorable strategy. The MACD and signal line on the daily chart remain in an upward trajectory, and a breakout above the 2760 resistance level could open the way to 2780. On shorter timeframes, consolidation followed by a golden cross of the MACD and signal line is evident, while the 240-minute chart has also confirmed a golden cross. Although further upside is likely, the significant divergence between the MACD and its previous peaks on the 240-minute chart increases the probability of divergence after a substantial rally. Therefore, refrain from chasing prices after a sharp rise and instead focus on buying dips near key support levels while monitoring the breakout above 2760. Market volatility is intensifying due to President Trump’s remarks. Similar patterns were observed during his first term, as his statements, often made via social media, caused significant fluctuations in the futures markets. Ensure proper stop-loss levels and manage risks carefully in this volatile environment. ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21770 / 21710 / 21630 / 21590 / 21530 -Sell: 21880 / 21940 / 22040 / 22110 Crude Oil - Bullish Market -Buy: 75.10 / 74.60 / 73.60 / 73.00 -Sell: 76.30 / 76.70 / 77.10 / 77.50 Gold - Bullish Market -Buy: 2751 / 2743 / 2738 / 2731 -Sell: 2767 / 2777 / 2782 / 2787 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Bearish drop off pullback resistance?USO/USD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 77.46 Why we like it: There is a pullback resistance. Stop loss: 78.83 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Take profit: 74.98 Why we like it: There is a pullback support hat lines up with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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.
VANTAGE:USOUSDShort
by VantageMarkets
Today analysis for Nasdaq, Oil, and GoldNASDAQ The NASDAQ closed early due to the U.S. market holiday, and yesterday’s and today’s daily candles will merge into one. As anticipated, the U.S. market showed an upward trend, but it is likely to exhibit sideways or downward movement during the pre-market and regular trading sessions today. While the daily chart has generated a buy signal, confirmation will only occur if today’s candle closes as a bullish one. With significant resistance levels overhead, the market needs a strong bullish candle to widen the gap between the MACD and signal line. Failure to generate such a rally may lead to repeated resistance at the upper levels and increase the likelihood of a downturn. On the 240-minute chart, no sell signal has been generated yet, but the market appears to be absorbing overhead supply. If a MACD dead cross emerges, the buy signal on the daily chart may fade, potentially reversing the trend to bearish. Avoid chasing prices and refer to yesterday’s detailed pre-market analysis for further context. CRUDE OIL Crude oil closed lower, correcting down to the 10-day moving average. After a brief consolidation at the $76 support, it declined further. The $74–$75 range serves as a critical support level and aligns with the 5-day moving average on the weekly chart. Buying on dips within this range is favorable. However, it is advisable to enter at lower levels, as rebound risks make shorting less viable. On the 240-minute chart, the MACD is falling towards the zero line, steepening its angle against the signal line. Even if oil rebounds from key support levels, it may face further selling pressure, as a MACD golden cross appears unlikely. Since yesterday’s expected downtrend materialized, today’s strategy should focus on cautious dip-buying at lower levels. GOLD Gold closed lower, finding support near the 5-day moving average as anticipated in yesterday’s analysis. The strong pullback to the 5-day moving average provides a reasonable entry point for buying on dips. However, the weekly chart indicates potential for further downside, suggesting short-term positions to manage risk effectively. On the 240-minute chart, a sell signal has emerged as a head-and-shoulders pattern broke its neckline. A further drop below 2730 could lead to additional downside toward the 2718 support level, where dip-buying may be considered. The MACD and signal line remain significantly below the zero line on the 240-minute chart, increasing the likelihood of a rebound at key support levels. Avoid aggressive short-selling and note that the broader trend remains bullish, as gold's daily chart exhibits strong buying momentum. Focus on buying near major support levels during pullbacks for a favorable risk-to-reward ratio. Manage your risk carefully and best of luck with your trades today. ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21660 / 21620 / 21570 / 21510 / 21480 / 21350 -Sell: 21780 / 21880 / 21940 / 22005 Crude Oil - Bullish Market -Buy: 75.70 / 74.95 / 74.50 -Sell: 77.50 / 77.85 / 78.25 / 78.65 / 79.10 Gold - Bullish Market -Buy: 2726 / 2716 / 2708 / 2700 -Sell: 2738 / 2747 / 2753 / 2758 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!Short
by Futureguard
USOIL Trade LogUSOIL Short Trade Setup 🚨 - Instrument: West Texas Oil (USOIL) - Timeframe: 1-Hour - Risk: Between 1% and 2% - Risk-Reward Ratio: 1:2 minimum Key Technical Analysis: 1. Price has formed a clear reversal structure accompanied by a rejection off the monthly Kijun level . 2. A 1-hour Fair Value Gap (FVG) provides a potential entry point with a confluence of the Kijun 1H level. 3. The setup is in alignment with a broader bearish sentiment due to macroeconomic influences. Fundamental Confluence: - Recent announcements signal a ceasefire in the Middle East , reducing geopolitical oil supply risks. - Trump's statement regarding plans to increase oil drilling has heightened expectations of increased supply, potentially pressuring prices downward. Trade Plan: - Entry: Within the 1H FVG zone upon bearish confirmation. - Stop Loss: Above the 1H FVG's upper boundary. - Take Profit: At least twice the stop-loss distance for a 1:2 RRR. Risk Management: Ensure strict adherence to the 1%-2% risk allocation. Always consider market volatility before executing trades. This setup offers a balanced technical and fundamental perspective. Keep in mind, the market can always surprise you. Stay disciplined!
OANDA:WTICOUSDShort
by Fondera
Weekly and Today analysis for Nasdaq, Oil, and GoldNASDAQ NASDAQ closed higher, breaking above the upper trendline resistance on the daily chart. On the weekly chart, the sell signal is still active, and the MACD has yet to cross above the signal line. Therefore, even if the market rises early this week, it could potentially retreat again. This underscores the need to avoid chasing highs. On the daily chart, a buy signal was generated with today’s candle, but it is not confirmed by yesterday’s action. If today’s session ends with a bearish candle, the buy signal could disappear. For a sustained upward move, today must close with a bullish candle and create a clear buy signal. Furthermore, for this signal to be meaningful, the signal line must move above the zero line, with a wider divergence between the MACD and the signal line driven by additional gains. On the 240-minute chart, a long bullish candle has created a potential third wave up. Breaking through the upper trendline is significant, but whether this uptrend will continue remains uncertain. Additionally, with U.S. markets closed today for Martin Luther King Jr. Day, today's and tomorrow’s daily candles will be combined. Expect sideways movement with a bullish tilt today, with the main market session tomorrow likely determining the direction. Focus on buying on dips while avoiding chasing highs. CRUDE OIL Crude oil closed lower, forming an upper wick on the daily chart. On the weekly chart, the price is significantly distanced from the 3-day and 5-day moving averages, suggesting that this week could see consolidation or a pullback from the $79 resistance level. On the daily chart, crude has fallen below the 5-day moving average, now trading within a range between the 5-day and 10-day moving averages. The $74–$75 range represents an attractive buy zone during a pullback. This area aligns with the weekly 5-day moving average, making it a critical level to watch. Around $76, where the 10-day moving average lies, significant support exists on intraday charts. Observing whether this level holds on the first test is crucial. On the 240-minute chart, the MACD remains significantly above the zero line, favoring continued buying on dips. The first key support is around $76, and the second is in the $74–$75 range, where the MACD could attempt another bullish crossover. Be mindful of reduced trading volumes due to the U.S. market holiday and focus on range-bound strategies. GOLD Gold faced resistance near the 2760 level, closing with a doji candle. On the weekly chart, the MACD is diverging from the signal line, suggesting that further upside may face resistance around the 2785 level. If the MACD on the weekly chart fails to form a golden cross, a pullback may occur. On the daily chart, the strong buy trend remains intact, favoring a buy-focused strategy. However, on the 240-minute chart, a potential dead cross could signal short-term corrections. With U.S. markets closed today and tomorrow, gold could dip to the 5-day moving average, creating buying opportunities during pullbacks. For today, short-term selling at highs with a focus on key support levels for buying on dips is recommended. Sideways movement during pre-market hours may continue, with tomorrow’s main session likely setting the next direction. Stick to box-range trading and take advantage of key opportunities if prices reach critical levels. With U.S. markets closed on Monday, reduced trading volumes make box-range trading strategies more effective. Use this time to prepare for potential opportunities at key levels. Stay diligent with risk management, and have a successful trading week ahead. ■Trading Strategies for Today NASDAQ - Range-bound Market -Buy: 21510 / 21480 / 21350 / 21310 / 21270 -Sell: 21650 / 21740 / 21780 / 21880 Crude Oil - Bullish Market -Buy: 76.90 / 76.30 / 75.70 / 74.95 -Sell: 77.80 / 78.25 / 78.60 / 79.00 Gold - Bullish Market -Buy: 2730 / 2723 / 2719 / 2715 -Sell: 2747 / 2753 / 2758 / 2762 / 2777 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Oil Market: WTI Barrel Faces the $78 BarrierOver the past two sessions, the price of crude oil has dropped more than 2%. This decline coincides with the Israeli Prime Minister reaching a ceasefire agreement in Gaza. The temporary peace deal has been perceived as favorable for oil production, as it eliminates a geopolitical conflict that could have disrupted operations in the Middle East. As a result, production expectations have risen, contributing to downward pressure on crude prices. Uptrend The WTI crude market has maintained a steady upward trend since early December 2024. However, the most recent bullish peak showed significant momentum, which could signal the emergence of bearish corrections in the price. MACD Indicator The MACD and signal lines remain bullish but have begun to exhibit a negative slope. Additionally, the histogram has fallen to a fully neutral position around the 0 line of the indicator. These developments suggest a potential exhaustion of previous bullish momentum, creating opportunities for bearish movements. RSI Indicator The RSI line remains close to the overbought territory, hovering near the 70 level. Any future movements that revisit this level could increase the likelihood of short-term bearish corrections. Key Levels $78: This is the current resistance level, coinciding with the highs from August 2024. Sustained moves above this level could strengthen the bullish outlook and potentially accelerate the ongoing uptrend. $72: A crucial support zone where bearish corrections are likely to see significant activity. Moves near or below this level could jeopardize the formation of the current upward channel. By Julian Pineda, CFA - Market Analyst
FOREXCOM:USOIL
by FOREXcom