Crude oil: encountering support above may lead to a decThe upper pressure positions are 73.7/74.1 respectively, the lower support position is 72.3 in the middle of the descending channel, and the bottom of the channel is 71
Usoilanalysis
How to trade crude oil when it peaks in the short term?The top shape of crude oil has been formed and is now in the downward adjustment stage. During the day, focus on the support near 75.60, and on the upper side, focus on the resistance of 76.85-90.
US CRUDE OIL 4H : Support further rise up US CRUDE OIL
New forecast
The price perfectly fulfills my last idea and price reached to our targets +120 pip .
Oil price trading settled above the level of 73.72, heading towards resuming the ascending wave within the ascending channel shown in the chart, where it touched the first positive target at 75.06, and we expect the ascending wave to extend towards 76.23 as the next stop.
Therefore, we expect to witness further rise in the coming sessions with support from the 50 moving average that carries the price from below, keeping in mind that the continuation of the bullish wave requires stability above 72.90 levels.
The expected trading range for today is between support 72.90 and resistance 78.00 until stabilized .
support line : 73.72 , 72.90
resistance line : 75.06 , 76.23
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USOIL AMAZING BULLISH OPPORTUNIY Confirmed !!Hello guys ,
it seems usoil started a bullish reversal after Breaking the neckline of the double bottom and an important keylevel on the daily tf.
if the price manages to do a pull back towards the area where the trendline + poc + demand zone is it could give a great great buying opportunity .
Update the PULLBACK was done exactly as expected am waiting for reversal signals for a long trade
lets wait and see !
Usoil-analyze
Keep asking me about oil. Last week I emphasized that oil did not fall below 74 and will continue to rise this week
It can be seen that yesterday the lowest oil price reached around 75.8 and the highest reached around 78.2, but it did not break through 78 many times, so it can be judged that the current range is between 75.8-78.2
In an upward trend, you mainly rely on support points to buy, or sell at high levels within the range, and adjust your strategy according to market conditions.
Join me, I will tell you detailed trading strategies and guide you how to trade
Crude oil prices fluctuated up and down in the short term today.In terms of crude oil, we continue to pay attention to the idea of shocks during the day. With the current unstable situation in the Middle East and the surge in OPEC crude oil production, the market outlook continues to be dominated by shocks. Technically, focus on the upper pressure near 78.40 during the day, and the lower support is around 76.65/74.7
Crude oil has an obvious upward trendDuring the day, focus on the support near 76.70 to maintain a bullish attitude. The situation in the Middle East is currently escalating, and the probability of crude oil rising in the market outlook is relatively high. Above, focus on the resistance of 78.40/79.3
Unilateral rising market, pay attention to the resistance levelCrude oil is in a strong upward trend, but there has been no major correction in the past week. Today, we will focus on the resistance of 77~77.5, and look below to the support near 75.5.
USOIL:Continue longHello friends, Luke here again. As a recipient of several regional trading awards, I'm excited to be part of TradingView where I can share my strategies with you daily, hoping to be of assistance.
I've previously emphasized a bullish target for crude oil at $80. Currently, the upward trend is clear, and dips should be seen as opportunities to go long. The buying zone to focus on is between $77.6 and $76.
I update my market analysis daily and also share precise trading signals within my exclusive group, Luke's Circle, to help you achieve steady and long-term profits in your account. Don't miss out!
OIL: Red Sea tension could support Oil price in short term🔴 Oil jumped as the US and its allies launched airstrikes against Houthi rebels in Yemen, retaliating for attacks on ships in the Red Sea that have imperiled flows of fuel and goods through the vital waterway.
President Joe Biden said strikes had been conducted against a number of targets used by the Iran-backed group, with US officials saying radar sites and missile launchers were hit. A tanker industry group said military forces in the region were advising ships to avoid a key chokepoint near Yemen. The Houthis said all US and UK interests are now legitimate targets.
🔴 The main upside risk for prices concerns Iran and whether it’s drawn directly into the conflict, which could threaten oil supply in a region that produces a third of the world’s crude. The war-risk premium had previously been easing amid ample output from non-OPEC+ producers and slowing demand growth.
🔴 From our point of view, geopolitical tensions could support Oil Price in the short term, and from a technical point of view, our first Target is just below $80.
Trade with care
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USOILAfter the clear of medium liquidity @95$ price retrace to its 67-70$ zone on a monthly basis.
Monthly open goes below, so im expecting a rally on $USOIL.
This is only my view, No bias on shorts. just a buy for me.
We might see 100$ above this month.
This is not a financial advice.
Follow for more longer/swing trades.
I will update this idea once Price goes back to 85-90$ level.
The path I made its just an assumptions on market struture, not a 100% sure that price goes move like that.
USOIL: Continue to Go Long Next WeekHello, friends. I'm Luke, a former champion trader in multiple regions, and I'm delighted to join TradingView to share my strategies with you every day, hoping to provide assistance.
This week, I've analyzed that crude oil is expected to continue rising to the range of $78-80 per barrel. Today, it has reached a high of $77.5 per barrel, and I remain optimistic about the future upward movement of crude oil. If it retraces to the range of $73-75 per barrel, consider going long once again!
I update my market analysis daily and also send accurate trading signals within Luke's small group to help stabilize and sustain profitability in your accounts. Don't miss out!
USOIL - NEW BREAKOUT 🚀Hi Traders !
On The Daily Time Frame, The USOIL Reached a Support Level.
Yesterday, The Price Broke The Resistance Level (74.63 - 76.14).
This Key Level Becomes a New Support Level.
So, I Expect a Bullish Move.
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TARGET: 77.65🎯
🛢️📉 Crude Oil Breaks Down: Brace for Aggressive Drop 💥🔻$60/bIt looks like the 45-minute breakdown has occurred, which could lead to a bearish trend in both the weekly chart and the February monthly candle.
Our swing trade has two targets:
- The first target is $60.
- The second target is $40.
Please note that this is a long-term trade and we're making this decision quite early.
Remember DXY is still very strong signalling that commodities in general are expected to be weak.
Crude oil continues to fluctuate up and down for a weekPay attention to the resistance of 76/76.5 and trade with caution in the volatile market.Pay attention to sell high and buy low opportunities on the edge of the channel
Free Signal USOILAs we can see here we have a nice breakout of channel with big candle + big volume and also we have a pullback taht make us to take this trade
Crude Oil Impulse Done ?Pair : US Oil
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line. Completed " ABC " Corrective Waves and " 12 " Impulsive Waves and making its " 3rd " Impulsive Wave. Break of Structure and Completed the Retracement
USOIL (W) will aim for the $81.5 price areaTVC:USOIL USOIL (W) will aim for the $81.5 price area
With a solid pinbar candlestick pattern, most likely, oil prices will return to the 81.5 price range
within the next 1-2 months before new fluctuations occur.
USOIL Signal result ✅Congratulations to all , as you can see here the market continue pushing up cause was in strong trendline and made a good signal to make this decision, See you in next Station;
Wednesday: Crude oil in rising channelThe 1H/4H chart shows that crude oil broke out of the triangle pattern and is expected to continue rising.
During the day, we need to focus on the resistance at the previous high, focusing on the resistance near 75.30, and the support below is around 73.2.
Crude oil’s short-term uptrend on TuesdayGlobal energy markets continue to be rattled by the growing likelihood of supply constraints, with successful attacks in Ukraine on Russian oil infrastructure highlighting how easy it is to disrupt broad energy supply chains. WTI tested multi-week highs on Monday as market tensions mounted.
The short-term (1H) trend of crude oil has recovered, and oil prices have broken through the resistance at the upper edge of the triangle. The moving average system is gradually arranged in a long position, and the short-term objective trend is upward. Pay attention to the strength and continuity of today's rise in oil prices, and it is expected that there is a high probability that the rise will continue during the day.
usoil: Expected to Rise to $80 in the FutureHello friends, I'm Luke, a former champion trader in multiple regions. I'm excited to join TradingView and share my strategies with you every day, hoping to provide assistance.
Crude oil has established a bottom around $70, and those who bought in heavily near this level have already reaped substantial profits. Personally, I anticipate oil to stabilize around $80 in the coming month, with any further declines seen as buying opportunities.
Key support levels to watch are $72-$70. Buying can be considered upon reaching this area, with target levels focused on $76-$78-$80.
I update market analysis daily and also send accurate trading signals within Luke's small group to help ensure the long-term stability and profitability of your account. Don't miss out!
USOIL - Look for a long ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: As we can see here price changed the character after taking sell side liquidity and started to form higher highs and higher lows. Now I look for a long position if price makes a retracement to fill the imbalance and then to reject from bullish order block.
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