USOIL - Expect retracement !!Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. After price filled the imbalance we can see price to start the retracement, I expect continuation till level 74.00 where we have huge imbalance.
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Usoilshort
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.
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!
(WTI Crude Oil) US oil Short - 1.62RR - Head And ShoulderTrade Idea: Short US Oil (WTI Crude Oil)
Analysis:
Head and Shoulders Pattern: The Head and Shoulders pattern is a classical reversal pattern that typically forms after an uptrend and indicates a potential trend reversal to the downside. In this case, the presence of a Head and Shoulders pattern on US Oil suggests a possible reversal from bullish to bearish sentiment.
Technical Indicators:
Confirmation: Look for additional technical indicators or chart patterns to confirm the potential reversal signaled by the Head and Shoulders pattern. This could include bearish divergence on oscillators like RSI or MACD, bearish candlestick patterns, or a break below key support levels.
Trade Setup:
Entry: Place a sell stop order below the neckline of the Head and Shoulders pattern. The neckline acts as a key support level, and a break below this level confirms the pattern's completion and the potential downtrend continuation. Ensure the entry is triggered only when the price breaches the neckline.
Stop-loss: Set the stop-loss order above the recent swing high or above the right shoulder of the Head and Shoulders pattern to protect against potential losses if the price reverses unexpectedly. Place the stop-loss level outside of the pattern to avoid being stopped out by normal market fluctuations.
Take-profit: Determine the take-profit target based on key support levels, Fibonacci extensions, or a favorable risk-reward ratio. Consider scaling out of the position as the trade progresses to lock in profits.
Risk Management:
Position Size: Calculate your position size based on your risk tolerance and the distance between your entry point and stop-loss level, ensuring that you only risk a predetermined percentage of your trading capital per trade.
Risk-Reward Ratio: Aim for a risk-reward ratio of at least 1:2 or higher to ensure that potential profits outweigh potential losses.
Conclusion:
With the formation of a Head and Shoulders pattern indicating a potential reversal to the downside for US Oil, a short position presents a favorable trading opportunity. However, always conduct thorough analysis, practice proper risk management, and remain vigilant for any unexpected market developments.
USOIL TRADE SETUP ALERT!USOIL TRADE SETUP ALERT!
Market Sell Liquidity Sweep Complete!
Now, we're waiting for:
WEEKLY FVG (Fair Value Gap) RETEST
Strategy:
SELL ENTRY: If market retests above FVG, we'll take a sell entry till FVG.
BULLISH TRADE: If market approaches the bullish FVG, we'll take a long trade.
Get ready to trade!
USOIL:Latest trading opportunities.
USOIL: The current position is around 71.2. According to the quotation of tradingbiew.
From a macro analysis, as a strategic reserve, the rise of oil is inevitable. From the perspective of long-term trading, buying is feasible. Short-term observation. "Whether OPEC+ will cut production" is an important factor in the upward trend of oil prices. From the perspective of short-term trends, buying is still feasible. In the short term, we need to pay attention to the price around 73.5. Because there is a major support below. If you can accept a price fluctuation of 20 points, then there is room for profit in buying. Stop loss and take profit are ±2 respectively. The current price is 71.2. Remember to take profit in time after making a profit.
TVC:USOIL FX:USOIL
Trading Plan: WTI Crude OilBased on my proprietary indicators, I maintain a bearish view on WTI Crude Oil. I am anticipating a downside target of ₹5800 (target open until 15th January 2025).
Current Position:
Holding short positions in MCX Crude Oil January 2025 expiry futures from ₹6025 levels.
Intend to add more shorts if prices move to higher levels.
Risk Management:
Stop-loss and risk parameters are carefully planned but not disclosed here for strategic reasons.
Position sizing is aligned with my overall risk appetite and trading capital.
Disclaimer:
This trading plan represents my personal views and trading decisions and is shared for informational purposes only.
Trading in crude oil futures involves significant risk and may not be suitable for all investors.
Readers should not consider this as financial advice and must conduct their own research or consult with a certified financial advisor before making any trading or investment decisions.
Past performance of proprietary indicators is not indicative of future results.
Crude Oil Outlook: Key Levels Shape the Path AheadHello Traders,
Trust you are doing great.
Please take some moment to go through my analysis of USOIL and share your thoughts.
Overview
USOIL is currently trading at 70.08, with mixed trends across timeframes. On the H4 chart, the pair remains bullish, recovering from a recent correction. Meanwhile, the H1 chart shows a bearish trend in a corrective phase, with resistance emerging in the 70.19–70.90 region.
Idea
An impulsive rally from 67.045 on December 5th corrected to the 0.5 Fibonacci retracement level at 68.78 on December 13th, where support was established. This led to a bounce toward 70.19-70.21, which now acts as resistance.
If this resistance holds, a downward move is expected, targeting 67.70 and 67.08, areas where a bullish bounce may likely occur. The short-term bias remains bearish unless price breaches the Friday high of 71.38, which would shift focus to the 71.66–72.21 zone as a potential turning point.
Conclusion
In the short term, the bearish outlook is dominant, with 71.38 as the key invalidation level and a stop-loss reference. A break below 69.65 would add confidence to the bearish scenario, while any move above 71.38 could signal further upside, targeting the 71.66–72.21 zone for a potential reversal.
Cheers! Merry Christmas and Happy New Year in advance.
Usoil trade WTI moves below 69.00, further downside seems possible due to stronger US Dollar
West Texas Intermediate Oil price extends its losing streak for the fifth successive session, trading around $68.90 per barrel during the Asian hours on Friday. Crude Oil prices, denominated in dollars, are on track for a weekly decline due to a stronger US DollarCrude Oil, commonly known as petroleum, is a naturally occurring fossil fuel liquid composed of hydrocarbon underground deposits and organic materials. The prices of this popular commodity are measured in USD. Saudi Arabia, Russia, United States, Iran and China are the countries producing more oil. On the other hand, United States, China, Japan, Russia, and Germany are the countries consuming more oilCrude oil is classified into various grades according to density (heavy vs light) and sulphur content (sour vs sweet). The lighter and sweeter the crude, the higher the price it can be sold, because refiners can produce higher yield of high quality refined products from it.
Density is measured by API gravity, a measure developed to compare the density of petroleum with water (API > 10 means the liquid floats on water) but is now widely used to compare among crude oils. API degree is inversely related to the density of crude oil. In general, crudes of API between 40-45 degrees can be sold at greatest commercial values
The latest crude oil operation suggestionsOverall, the EIA inventory data released last night was -507.3 before and -142.5 after, while the oil price barely rose by 10 points. The idea in the early trading is to determine the strength based on the high point of 70.5 last night. It is recommended to short on the rebound. Crude oil strategy: short on the high point when the rebound reaches 70, with the target at 69.3-68.6.
US OIL Trade Log
WTI Crude Oil 1H Short Setup
Trade Idea:
- Bearish wedge forming with price stalling in the 1H FVG (premium zone).
- Confluence:
- Bearish Divergences: CVD and RSI confirm weakening momentum.
- Macroeconomics: Fundamentals lean bearish; CPI results pose a potential risk.
- Risk-Reward: Tight stop above the FVG. Targeting a 1:2.55 RRR down to liquidity grab zones below $68.
Quick Take:
This setup aligns technical weakness with fundamental caution. Stay nimble with CPI in play—adapt if the macro picture shifts. Target lower liquidity pockets if rejection confirms!
US OIL Trade Log USOIL Short Position Analysis
Technical Indicators :
- 1H Fair Value Gap (FVG): Current price is within the 1-hour FVG, indicating a potential short entry point.
- MACD Divergence: A bearish divergence between the MACD indicator and price action suggests weakening upward momentum.
- Cumulative Volume Delta (CVD) Divergence: Bearish CVD divergence indicates increasing selling pressure despite rising prices.
- Ichimoku Kijun Levels: Price is above the 1H, 4H, and daily Kijun lines, placing it in a relative premium zone, which may precede a downward correction.
Fundamental Factors :
- Fear Premium: Recent price increases are attributed to geopolitical tensions, such as conflicts in the Middle East, leading to a 'fear premium' in oil prices.
- Bearish Macro Outlook: Rising U.S. oil inventories and weak global demand projections, especially from China, suggest a bearish outlook for oil prices.
Trade Parameters :
- Position: Short USOIL
- Entry: Within the 1H FVG at current market price.
- Risk Management:
- Risk per Trade: 1% of trading capital
- Risk-Reward Ratio (RRR): 1:2
USOIL/WTI Crude Oil Energies Market Heist Plan on Bearish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist USOIL / WTI Crude Oil Energies Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Near the Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry 👇 📉: Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point entry should be in pullback.
Stop Loss 🛑: Recent Swing High using 1H timeframe
Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
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Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Oil: Time to Short? WTI Set to Plunge Over 10%Hey Realistic Traders, Is Oil About to Crash? Let’s Dive In....
What's the cause of sudden drop in oil prices?
U.S. President Donald Trump has pledged strong support for the oil and gas industry, aiming to streamline permits, boost domestic production, and expand drilling on federal lands. He has also criticized renewable energy subsidies and pushed for increased natural gas exports.
Aligned with Trump’s stance, the U.S. Energy Information Administration (EIA) has raised its 2023 oil production forecast to 13.23 million barrels per day, surpassing last year’s record of 12.93 million. Global output is also expected to increase, while weaker oil demand from China, driven by slowing economic growth, adds further downward pressure.
These policies and projections support the assumption of lower oil prices ahead
How much further could they decline?, Let's analyze it using technical analysis!
On the daily timeframe, TVC:USOIL is in a bearish continuation phase, potentially entering wave 3 of the trend. It has also broken out of a head-and-shoulders pattern that developed over the past 60+ days, signaling the end of a consolidation phase.
This breakout, paired with a bearish marubozu candlestick, strengthens the case for a continued downtrend. Adding to this, the MACD indicator has confirmed a bearish crossover, providing further confirmation of downward momentum.
With these signals aligned, we project a potential drop toward the first target of $60.51, and possibly even further to the secondary target of $57.80
This outlook remains valid as long as the price holds above the stop-loss level at $73.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Oil.
Heading into overlap resistance?USO/USD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 69.81
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 70.76
Why we like it:
There is an overlap resistance level that lines up with the 78.6% Fibonacci retracement.
Take profit: 68.37
Why we like it:
There is a pullback support level.
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Oil Upatedoil has formed a valid descending tredline on a support and broke it with a candle that closed above the last touch of the trendline
so we're waiting for a retest and rejection of the trendline and prefer on the support also to enter a buy (long) position
happy tradin guys
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Usoil and WTI is buy This chart informs about the average forecast prices, and also how close (or far apart) sit the numbers from all participants surveyed that week. The bigger a bubble on the chart means more participants targeting a certain price level in that particular time horizon. This distribution also tells if there is unanimity (or disparity) among participants.Each participant's bias is calculated automatically based on the week's close price and recent volatility. Drawing from those results, this chart calculates the distribution of bullish, bearish, and sideways forecast prices from all participants, informing about sentiment extremes, as well levels of indecision reflected in the number of “sideways”.This measure is basically an arithmetical average of the three central tendency measures (mean, median, and mode). It smooths the typical outcome eliminating any possible noise caused by outliers.
USOIL:Today's short trading strategy
Crude oil began to contract delivery, the action of these two days should be relatively large, today's thinking or bearish, weekly line again closed negative, and the center of gravity began to move down, crude oil also fell below the bottom of the hour level, today's rebound continues to empty, do not chase, this position is the bottom of crude oil week, has been volatile for a few weeks;
Today the bearish pressure around 68.00 has been broken and is currently around 67.00, the lower target is seen around 66.00. Please do not continue to short after arrival, wait for the market to confirm before trading. Follow me for updates
USOIL 71.07 +2.57% SHORT IDEA MULTI-TF ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at USOIL from HTF - MULTI TIME-FRAME ANALYSIS
USOIL DAILY TF
* Last week saw a bearish close with the weekly FVG holding & beautifully rejecting, looking for a retest of this PD ARRAY before continuation down.
* The sentiment is still strongly bearish for OIL from HIGHER TF perspective.
* The weekly & daily TF show we are still trading in a range on a bearish trend towards that ERL.
* The picture is clearer with strong bearish moves from the daily, looking for some retracement.
* some volume imbalance left behind on lower TF might confirm this move.
* possibly to be filled before we take that ERL.
USOIL 4H
As we head lower we see some bearish potential for some retracement.
* With the week to opening Bearish (PO3) could see bearish move into the VI.
* sentiment the same on the hourly tf.
* This rally with the bulls & strong momentum to the down side could see some reversal.
looking for some signs of this on todays price action.
* LETS SEE HOW THE MARKET DISHES
🤷♂️😉🐻🐮
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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