USOIL SELL IDEAUSOIL made a trend change on Friday, which i believe the sellers aren't done, a move below 72.90 will signify a sell to 71.30 and 71.20 Respectively. Goodluck Traders and have a great weekend, see you next week!
CL-OIL trade ideas
USOIL: Move Up Expected! Buy!
Welcome to our daily USOIL prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 74.40
Wish you good luck in trading to you all!
USOIL Is Very Bearish! Sell!
Take a look at our analysis for USOIL.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 73.59.
The above observations make me that the market will inevitably achieve 72.04 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
USOIL: Bullish Continuation
Balance of buyers and sellers on the USOIL pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
❤️ Please, support our work with like & comment! ❤️
USOIL BEST PLACE TO BUY FROM|LONG
Hello, Friends!
USOIL pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 5H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 75.25 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
CRUDE OIL (WTI) Bearish Continuation Next Week
Crude Oil will most likely keep falling next week.
The price violated a key daily horizontal support and closed below that.
We can anticipate a bearish continuation at least to 71.9
❤️Please, support my work with like, thank you!❤️
shorting crude oil shorting crude oil after failed to close week above the shown IMPORTANT area at 77.46 on my chart , if no closer back above this area weekly closer then target are clear 64 , 55
or just wait till price break out the big triangle that's below 73 on my chart
CRUDE OIL Strong Breakout! Sell!
Hello,Traders!
CRUDE OIL broke the key
Horizontal level of 74.34$
So we are locally bearish
Biased and a further
Move down is to be expected
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
CRUDE OIL BEARISH BREAKOUT|SHORT|
✅CRUDE OIL is going down
Now and the price broke the
Key horizontal level of 74.33$
So we are bearish biased now
And we will be expecting a
Further move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
USOIL (H2) : THE USOIL TARGETTING USD 80.00 IN THE BULLISH TRENDUSOIL (H2) : THE USOIL TARGETTING USD 80.00 IN THE BULLISH TREND
According to this technical analysis, the current trend indicates an upward movement for USOIL. Prices are trading above moving average intersections, and the MACD indicator shows positive signs. Considering this, we can consider buying from the current price of $75, with a profit-taking target around $76 per barrel. Additionally, some traders expect the price to rise further, potentially targeting the resistance area around $80. Keep an eye on the market developments and adjust your trading plan accordingly!
1. Technical Analysis:
1. Trend: The current trend for USOIL is bullish.
2. Moving Averages: Prices are trading above key moving averages, which is a positive sign.
3. MACD Indicator: The MACD indicator also shows bullish momentum.
2. Price Levels:
1. Current Price: $71.74 per barrel.
2. Profit Target: Consider buying with a profit-taking target around $75.57 per barrel.
3. Potential Upside:
Some traders expect the price to rise further, potentially targeting the resistance area around $80.00.
LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.
Oil to hellHello Peeps, happy end of month to everyone and congrats for each and everyone of you who followed the plan.
Oil has been in a descending channel since July 2024 and "TODAY" has been an amazing day for "Shorts" in the market.
As per the chart, oil has failed to hold 76 levels, which has attracted bears in the market.
Followed by a sharp drop to 75.6, oil has failed to regain territory and pump again, which has made bears even more interested in the market.
A first drop from 75.6 till 74.8 took place which continued to the downside until 73.8.
73.8 which an important supp/resist failed to hold which took us on a ride to 73.3 levels, which is a very important level.
From there we can observe that oil jiggled multiple times towards 73.8 but failed to breakthrough.
We'll thats a "legit bear flag", easy entry to take.
short the market wherever it is and expect a drop below 72.8, either by EOM (in a couple of hours) or by Monday morning.
I am expecting a drop to 69 levels, as per the chart. the liquidity levels are attractive there.
Completion of cycle ABCD ends at 69.3.
Trade safe and green/red, keep emotions aside!
Waiting for WTI rebound. H4 30.08.2024 Waiting for WTI rebound
Oil WTI has been flattening with pullbacks all week, which is exhausting. My top-up was knocked out together with the rest of the last buy. Although the total plus came out due to partial fixation. Now the price is back to the key support area, it went down to the buyers' zone 73.34-72.63 and near the specified 1/2 margin. There are no large volumes, which is confusing, but they can make a buyback. Therefore, you should look here for confirmations on your strategy. If pushed the zones below, then the price will go to 71.
USOIL What Next? BUY!
My dear friends,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 74.21 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 75.14
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
US Oil Analysis By ForexBee📉 There's a strong flag limit or support area holding the price up for a long time.
⏳ However, this level won't hold much longer and is expected to break soon.
🚨 The price is likely to drop sharply to break Flag Limit
💰 Target price: $57.3.
📊 Stay prepared for potential downside momentum!
USOIL potential double bottom patternOn the 4-hour chart, USOIL has formed a potential double bottom pattern. The current market has stabilized and moved upward after falling back to 0.618. The current key resistance above is at 78.75. A breakthrough will hopefully open up the upward space. If the price falls below the 73.43 support, it will test the support near 71.15.
USOIL Downtrend Line Rejection At $76.63 30.08.2024Apply risk management
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)
Disclaimer
wtioil is showing weakness imo. further downside is a great pppotential trade.
im in: looking to hold this all the way to 41500. lets see what happens
OIL WTI Analysis for the next weeksDo you remember this idea I post last week?
www.tradingview.com
THIS ANALYSIS IS FOR NEXT WEEKS.
FUNDAMENTALS:
Price tends to peak in Sep/ Oct as winter is coming. This winter is expected to be really cold.
TECHNICALS:
-Price has tested twiced the 71.5 zone, forming a W pattern in a 4H chart.
-Yesterday retracement to 73.8 zone was a 0.618 fibonacci retracement, looking for some liquidity to continue its upward trend
- MACD (12.26) has crossed in the oversold zone and RSI is neutral in 1D chart. EXIT trade when RSI is overbought, not now.
I bought at 72 and sell at 75, now I bought at 74.9 and I will split my TP at 84 and 94. My SL is in 73. I will close the position if I see RSI 1D in overbought area.
USOILUSOIL is in bullish Trend.
AB=CD harmonics pattern also shown that price go upto 79.5.
we buy at CMP.
As per harmonics pattern our TP 1 should hit.
CRUDE OIL TO $160? (UPDATE)Oil prices are up currently up 8% so far from our green, supply zone. Despite that we are still at the START OF THE BULL (BUY) RUN. We are nowhere near the top, so diversify your portfolio & take advantage! Huge buying momentum for the market over the past few weeks, showing you the possibility of which way Oil prices are heading.
Buyers still holding strong. GET INTO LONG TERM OIL POSITIONS NOW!
USOIL BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
USOIL pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 30m timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 74.10 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
WTI Crude Oil on the Verge of a Major Move**WTI Crude Oil on the Verge of a Major Move 🚀**
As you can see on the chart, WTI crude oil is currently in a symmetrical triangle pattern, indicating a potential breakout in either direction 🔺. This compression suggests that a significant move could be on the horizon.
Once the price breaks out of this compression, confirmed by a strong candle on the daily or weekly time frame, there could be great trading opportunities in the direction of the new trend 📈.
At the moment, the likelihood of a downward breakout seems higher. This is because, during the last bounce from the bottom, the price failed to reach the top of the triangle. Additionally, the 50 and 200 moving averages, shown on the chart, are flat, indicating a range-bound market 📉.
Keep a close eye on WTI to catch this potential big move and capitalize on the trading opportunities it presents!
Trend Analysis, Support and Resistance, Chart Patterns
#WTICrudeOil #TrendAnalysis #OilTrading #Tradecitypro #TCP
👉 Don't forget to like, comment, and share if you found this analysis helpful!
