USOIL LongReason:
Market structure is bullish
Fair value gaps
Break of structure
COT data showed me that last week smart money have been going long on OIL
i always take trades on the 0.8 level of fibonacci retracement but ive been trying something different and enter on the 0.618 level and have a set R.R of 2.5. dont see this as a signal but just an idea
Usoillong
USOIL - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
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USOIL H1 / Long Trade Execution Idea 💡💲Hello Traders!
This is my idea related to USOIL H1. I expect the price to go bullish as it reacted perfectly from the OB level and also the support area. I expect the following scenario, the price will retrace again in the OB area and after that, I expect it to rise until the price of 79.45.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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Usoil-Breaking through the shock range
Yesterday, representatives said: OPEC+ agreed to extend the reduction of positions until the end of the second quarter
Last Friday, oil also hit a new high this year, reaching a maximum of 80.8. OPEC's reduction in positions will also be beneficial to the rise of oil in the short term.
Therefore, oil is still waiting to fall to the support point to buy. Only by controlling your position reasonably can you make a profit.
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USOIL H4 / Long Trade Opportunity ✅💲Hello traders!
This is my idea related to USOIL H4. I expect the USOIL to go bullish after the retracement from the OB and supply area.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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The rules for making money in oil in the short and medium term From the four-hour chart of crude oil, oil prices are still in the rebound stage. Mainly fluctuating and rising, it continues to test the upper edge of the channel. Judging from the past background of this round of testing, the accumulated momentum is sufficient, and the mid-term trend will mainly be upward.
The short-term support is mainly strong support from OPEC production cuts. The demand for oil prices has increased significantly, and geopolitics has once again consolidated the status of this hard currency. If the dollar falls due to some economic fallout, oil will rise even faster. Trading on March 4 was dominated by buying at low prices. Buying transactions can be conducted near the price of 80. If you are a mid-term trader, you can buy at low prices in batches. The target position for this week is above 83. Whether you are a mid-term trader or a short-term trader, you need to pay attention. You can stop trading after making a profit. Prevent profits from blowing back and causing losses at the same time.
This price is based on the tradingview oil price as a reference.
Accurate prices and trading opportunities for real-time trading. Stay tuned. TVC:USOIL FX:USOIL FOREXCOM:USOIL GBEBROKERS:USOIL FX:USOILSPOT BLACKBULL:USOIL.F
Usoil long Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today.
Confirm Chart
Usoil up long
Usoil up weekly Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news weekly confirm signal
USOIL M30 / Expecting a Short Move after taking PMH 🛢💲Hello Traders!
I set a pending for USOIL M30. I expect the price to take the PMH and after that, I will look for a short trade opportunity. The target will be the first BOSS.
Waiting for confirmation.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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USOIL - Look for a long ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block + trendline.
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Usoil long term target Western Texas Intermediate, the US crude oil benchmark, is trading around $77.50 on Friday. WTI prices edge higher after the weaker-than-expected US Retail Sales data raise hope that the Federal Reserve will soon start cutting interest rates in coming months.
WTI rebounds to $77.50 amid US dollar weakness, geopolitical risks
R3
West Texas Intermediate (WTI) Crude Oil rebounded on Thursday, catching an upshot into $77.50 per barrel and slamming back into a technical congestion zone on the charts as energy market bid Crude Oil back up after a midweek pullback. Crude Oil supply lines saw an unexpected uptick in barrel counts this week, warning barrel traders that global supply continues to climb at a much faster pace than energy markets initially expected.
US CRUDE OIL 4H : Support further rise up US CRUDE OIL
New forecast
The price of oil is finding it difficult to continue rising, showing some bearish tendency and approaching the $76.00 barrier. We believe that opportunities are available to resume the expected upward trend in the immediate term, whose next target is at 77.00, 78.00.
Therefore the upward scenario will be more likely during coming period ,While the 50 moving average provides support for the price from below, keeping in mind that breaking 76.00 and holding below it will stop the expected rise and put pressure on the price to make some downward correction before returning to the rise again.
The expected trading range for today is between support 75.06 and resistance 78.97 until stabilized .
support line : 76.00 , 75.06
resistance line : 77.06 , 78.00
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USOIL will retrace back up (lower time frame) Pure technical analysis.
After a fairly strong bearish movement on Thursday and Friday (1 & 2 Feb 2024), USOIL touched the lower channel (D) at a price of 71.798 and seemed hesitant to continue the downward movement at the end of market closing.
The formation of leg D is predicted to form rejection so that market movement will reverse to complete wave E at 79.480, the previous resistance area.
Enter a buy position if the market breaks the price of 76.648 and continues upwards, then buy on the pullback in the 73.000 - 74.000 zone.
Set the take profit to 500-600 pips (78.000 - 79.000). Stop loss below the lowest channel at 71.700.
Bullish Outlook for USOILHi Traders!
USOIL is in an ascending price channel as it looks to break back above the 75.00 level.
Here are the details:
The price action looks currently bullish; the market swings are getting higher, and the price is about to break back above the 20 EMA. Our idea here is to buy market dips leading up to the 20 EMA break. Short-term targets are levels around the 75.00 area, and long-term targets are levels near the resistance at 79.72.
Preferred Direction: Buy
Technical Indicators: 20 EMA
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Trade safely and responsibly.
BluetonaFX
USOILUSOIL is trading under descending trendline. The price was reacting well the support and resistance of trendline.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 74.50 followed by 77.
What you guys think of this idea?
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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Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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.
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Usoil-Market trend analysis
Oil is still in an upward trend, wait for the right support point to buy
During the recent period, the highest point of oil was 75.8 and the lowest point was 70.5.
Daily line: 67.71 support point, 79.8 resistance point
4H: 70.5 support point, 76.18 resistance point
These three important resistance points are 76.1-76.7-77.1
I see the possibility of oil bottoming at 70. The upward trend at this stage may reach 78-80. The previous shock range has gradually broken through. At this stage, as long as it does not fall below 74 this week, it is not recommended to trade short orders.
The above is my oil analysis. The market changes rapidly. The prediction needs to be combined with the market trend to achieve expectations. The above analysis is for your reference. I will continue to follow up and share in the future.
Today’s strategy:
Usoil:buy74.5-74.8
TP:75.3-75.8-X
SL:73.8
You can make appropriate adjustments based on your trading habits and funds
Join me, I will analyze the market situation every day and give you strategies for your reference
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