USOILUSOIL is in declining phase. Potentially printing LH and LL. Bearish flag continuation pattern also form. We wait and watch for the breakout of flagpole. Shortby Naqash913
USOIL LongThe first higher high after a downtrend indicates a potential trend reversal to the upside. It shows that buyers are starting to regain control, signaling the possibility of a new bullish trend. Trendline Break: A break above a significant trendline further confirms the shift in sentiment from bearish to bullish. The trendline break signifies that selling pressure has weakened, and the market is poised for further upward movement. Retest of Trendline: After breaking the trendline, the price often retests the broken trendline, which now acts as support. This retest offers a low-risk buying opportunity as it confirms the strength of the new uptrend.Longby SohailChaudharyUpdated 9
WTI OIL expecting a +10% rise.WTI Oil (USOIL) has been trading within a Channel Up, supported by the 4H MA50 (blue trend-line) since the December 27 break-out. The price has already made contact with the bottom of the pattern (Higher Lows trend-line) so it is already a buy opportunity. The ultimate buy signal technically, however, has been the 4H RSI Higher Lows since the December 06 Low, so it is possible to see one more small pull-back before the trend reverses. Since the previous two Bullish Legs have increased by at least +10% since their 4H RSI Lows, we are targeting $84.40, which is the Resistance 1 level, exactly on the +10% mark. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot16
CRUDE OIL (WTI) Classic Gap TradeI notice a noticeable gap down opening on WTI Crude Oil, which typically indicates a high likelihood of the gap being filled. Additionally, I am observing signs of buyer strength, such as an ascending triangle pattern on hourly timeframe. I predict that the price will soon reach levels between 79.05 and 79.80.Longby linofx1556
USOILA short on USOIL.... As price has taken out the current high that was formed Shortby D_Market_Maker4
USOIL - The current price of USOIL (Crude Oil) is 78.20, presenting a favorable opportunity to buy. Based on technical analysis, we have identified two target levels for this trade. The first target is 79.00, offering a reasonable profit, while the second target is set at 79.90 for a more significant return. To protect your position, it is essential to set a stop-loss (SL) at 77.10. This ensures that if the market moves against you, your potential losses are limited. Risk management is a crucial part of trading, and the stop-loss acts as a safety net to safeguard your investment. The targets are calculated based on current market trends and analysis, reflecting a thoughtful and well-structured trading plan. However, it’s important to acknowledge that market conditions can change rapidly, and no trade comes without risk. Traders are advised to monitor the market closely and adjust their strategy if needed. Staying informed about global news, especially those affecting oil prices, can provide valuable insights to optimize your decisions. In conclusion, buying USOIL at 78.20 with target levels of 79.00 and 79.90, along with a stop-loss at 77.10, offers a structured approach to potential gains. Always trade responsibly and ensure your decisions align with your financial goals and risk tolerance. Patience and discipline remain key to successful trading. Longby EXPERT117Ai2
USOIL Potential UpsidesHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 78 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 78 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 7719
OUR TRADE TODAY ON USOILMy clients and I today too 2 trades, one on Oil and the other one on Nasdaq, we entered after that the market gave us a reversal point to target the liquidity level, which the market filled later in the day. I didn't post it since we had to focus on recovering the losses silently, since we did, I'll be reposting again. Follow for more!Shortby YassineAnalysis3
Bullish bounce?WTI oil (XTI/USD) has reacted off the pivot and could rise to the 1st resistance. Pivot: 79.16 1st Support: 78.07 1st Resistance: 80.83 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets8
Could the price drop from here?USO/USD is reacting off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 79.13 Why we like it: There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 80.50 Why we like it: There is a pullback resistance level. Take profit: 77.49 Why we like it: There is a pullback support level that is slightly below the 38.2% 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. Shortby VantageMarkets11
WTI CRUDE OIL: Buy opportunity on the 1D MA50.WTI Crude Oil is neutralizing the previously overbought 1D technical outlook (RSI = 69.520, MACD = 2.080, ADX = 64.888) as after crossing over the R1 level, it is pulling back under it. Technically this has been mirroring the March-August 2023 fractal and based on that, we should see this pull back almost reach the 1D MA50. A buy opportunity is waiting there and our target is the 1.618 Fibonacci level (TP = 86.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##by InvestingScope7
Oil Short 4HI’m excited to share my next setup for Oil. This trading idea is based on correction levels. The main idea area is between 80.35 and 80.25. However, since oil tends to react to the 50 levels, I prefer to focus on the 80.5 level for my entry. For the 4-hour entry, I am waiting for the formation of an M pattern with a lower peak at the second base. I’ll be looking to take scalp sell at the levels of 80.25, 80.35, and 80.5 for the first touches. after that, I'm going to wait for the confirmation to take the main Sell. Please note that, typically, upon the first collision, we could experience either an impulse or a rejection entry. At the second base, we should wait for a consolidation area to confirm our entry. For a better understanding of this setup, please refer to my previous oil chart. TP1: 79.9 TP2: 79.2 TP3: 77.4 SL: 81.35 Please remember that trading carries risks, and it's crucial to do your own research. The ideas shared here reflect my personal analysis and may not guarantee success. Always trade responsibly and consider seeking professional advice if needed. Happy trading!Shortby Persian_Traders_Updated 228
USOIL - NEW BREAKOUTHello Traders ! On the daily time frame, The USOIL broke the resistance level (79.57 - 80.13). This key level becomes a new support level ! So, I expect a bullish move🚀 ______________ TARGET: 81.55🎯Longby Hsan_BenhmedUpdated 337
USOIL Will Fall! Sell! Please, check our technical outlook for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 79.103. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 74.465 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider116
Crude rally continuesYesterday, front-month WTI reversed an early drift lower and surged to its highest level in six months, coming within 50 cents of $80 per barrel. So much for the expected consolidation, let alone a significant pullback. Crude oil is on course for a month’s-worth of back-to-back weekly gains, which is quite the recovery given the near-relentless selling pressure witnessed since April last year. It certainly appears that oil prices are breaking out of their long-term downtrend. But it could be that WTI’s first significant test is coming, with the possibility that $80 holds as resistance. If so, a failed break above this level could be the trigger for an overdue pullback. If so, the nature of this pullback should provide clues as to whether the rally can continue, or if that’s all the market can give. As things stand, the daily MACD is looking very extended to the upside. While this suggests that momentum still points higher, this is also pushing into an area from where reversals begin. by TradeNation1
OIL fall into Trumps presidencyCan Trump lower the prices of oil? I think yes. During his first term he held prices in the $40-65 range for most of the 4 years. I believe the prices can go significantly under $60 but we'll see. Shortby rtlustymenUpdated 6
Bearish reversal off overlap resistance?WTI oil (XTI/USD) is reacting off the pivot and could drop to the 1st support which acts as a pullback support. Pivot: 80.45 1st Support: 79.18 1st Resistance: 81.86 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets7
USOILUsoil broke out of the range and the trendline does it has what it takes to reach 93 dollar per barrel by Showboi-fx2
Crude Oil BreakoutOil has been in a descending wedge pattern for quite a while, the last 19 months or so. It is just now breaking out, price target is between $100-$110 a barrel but could go higher we will have to see how inflation progresses. Longby bradc19842
updated oilWe updated oil from around 67 to 69.750 for WTI crude oil and all targets were reached and the final target was 81 yesterday we were at 77 but the target of 81 was reached for Brent crude oil For Brent crude oil we might see 84 and the other 81by SMART1MGUpdated 4
CRUDE OIL TO HIT $160?! (UPDATE):Oil prices have now broken above the trendline that started forming back in September 2023! We've seen a strong bullish rejection from our green support zone + trendline breakout. Currently up 850 PIPS (12% ROI) in profit from our support zone. Keep an eye out because rising Oil prices will create havoc in the markets!Longby BA_Investments117
USOIL H1 TECHANICAL ANALYSIS (READ CAPTION) The Winning Hubhello trader's. what do you think about gold. current price: 77.00 So Some Support and Resistance i Find in The Daily Chart Let's Find out on H1 Time Frame we have First Support is the today Low it's 76.00 then 75.00 and The first Resistance is 78.50 and then demand zone 75.00 resistance zone: 77.80 / 78.50 support zone: .76.00 / 75.00 please like comment and follow Shortby THE_WINING_HUB3