OIL POTENTIAL BUY ZONEIf the trend line on the chart breaks, you can go for a buy.
Pay attention to the trend line on the RSI.
CL-OIL trade ideas
Positional View - US Crude OilAs shown in the attached chart, " Astra India Indicator " Positional Predictions worked perfectly once again. Now US Crude Oil having Resistance of $75.20 (1 hour chart) and need to close a candle in green above that level (hourly basis) to shift in BULLISH mode otherwise it can touch $72.50 Level very soon.
Disclaimer:- All the shared views are for educational purposes only. We provide Technical Indicators only for educational purposes. As we are not SEBI registered, there will be no claim rights reserved. Please consult your financial advisor before trading or investing.
WTI CRUDE OIL - ANALYSISTVC:USOIL
MY VIEW: price has been trending higher until it meets my price of interest at 80.73 before changed its trend to the downside as we can see the price dropped nearly -10% since that top price. as trump is doing his business out there even internationally right now such as tariffs, war, lower price of oil, etc etc it is projected price of oil will lower. (my conclusion)
Oil - wait until its revised pattern finish then open buys. Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
usoil sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
USOILTrenline break and retest at fib level 0.50%
Buy limit 73.77
Stop Loss 66.83
Take Profit 80.71
RRR 1:1
USOILI’m observing several factors that indicate USOIL might face significant bearish pressure, making this an ideal opportunity to go short. Here’s my analysis:
1. Economic Slowdown Concerns
Fears of a global economic slowdown have dampened demand for crude oil. As economies cool, industrial production, transportation, and energy use decline, all of which weigh heavily on oil prices.
2. Oversupply Risks
OPEC+ decisions, combined with the United States increasing its shale production, could lead to an oversupply in the market. If supply outpaces demand, it would further pressure USOIL prices downward.
WTI Bullish Wedge FlagUSoil It got nice Bullish Wedge Flag Better to Long than Short
I don't know what you wanna do also I don't care
but that what am gonna do
be carful from Wicks it may touch 73 price
Trade Safe
USOIL - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key swing low and left untouched swing high.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher.
Your success is determined solely by your ability to consistently follow the same principles.
23-1 Oil: all signals are green when it comes to a long trend. Only oil reacts differently. The signals of our system show that long trend. The price of oil drops towards the 50% fib., measured from the bottom at the beginning of this year and the top on 15 Jan. We have entered a sell but keep an eye on the price in case of a pull back. The sell was executed at 76,400.
Prime Buying Opportunity for Crude Oil Nearing
Crude oil is currently consolidating around the $75 level. A glance at the daily MACD reveals a close but no crossover of the MACD and signal lines. A bearish close today could signal a downturn, but a bullish close would likely see the MACD resume its upward trend.
Since its correction from $79, the price has been holding above the midpoint of the January 10th bullish candle at $74.66. This level, also coinciding with the 5-day moving average on the weekly chart, is a crucial support zone. Given the significant volume accumulated in the first week of January, this presents a compelling opportunity for aggressive swing trading.
Today's oil inventory report is expected to act as a catalyst for a bullish reversal. While the market is bearish on oil supply expansion due to Trump's election, technical analysis suggests further upside potential. We recommend adopting a buy-on-dip strategy.
For daily insights into Nasdaq, oil, and gold, please follow and subscribe to my analysis.
OIL POSSIBLE BUY?The market is currently testing the current Daily 0.7 & 0.61 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Crude oil may bounce higherCrude oil has been influenced by mostly technical factors at the beginning of 2025. Even though the geopolitical situation in the Middle East had eased, the colder than usual weather in the United States along with diminishing stocks of oil have boosted the price above the 3--month trading range.
The price of USOIL has been moving within the rising trend, almost having hit the $79-80 price area. Despite the strong reaction at the peak, the market may still be in control of buyers and need to retest the $77-78 zone again after retesting the dynamic support area at around $73 as shown at the chart.
The medium-term price projection from Energy Administration of the United States involves a possible pullback in the first quarter of 2025, after which the price may continue moving down towards $60 area in the long-term,
The new political administration in the US claims to support oil and gas exploration and mining companies, which might positively affect prices of energy stocks, but that’s a big question of whether or not, demand for oil and gas would increase apart from the official forecast.
Don't forget - this is just the idea. Always do your own research and never forget to manage your risk!
Crude Oil retracement potential continuationClean and slow retracement back to daily 20 SMA, MACD close to crossing back over
Will Trump's policies extend USOIL's decline?USOIL pared recent gains after Trump declared a national energy emergency to boost US oil production and proposed halting Venezuelan oil imports, raising concerns about oversupply. However, ongoing sanctions on Russia and a winter storm disrupting oil production in North Dakota helped limit the downside in oil prices.
From a technical perspective, USOIL dipped following a retracement from the ascending channel's upper bound and resistance at 80.00. The price is approaching the channel's lower bound and support level at 75.00, which coincides with the 38.2% Fibonacci retracement. A rebound above the 75.00 support could prompt a further rise and retest of the resistance at 80.00. Conversely, a break below 75.00 could drive USOIL toward the next potential support and 61.8% Fibonacci retracement near 72.00.
Author: Li Xing Gan, CMT, CFTe,
Financial Market Strategist Consultant to Exness
Us Oi moveUS oil is bullish untill not break the trendline, It's is taking support of trendline on daily timeframe, if it breaks the Trend line then another trendline will be support. Here are the levels as per price action.
Note: I am not SEBI REGISTERED analist, this is my personal view only for education purpose.
Oil short I have been trying to fade oil for a month. Took another shot at it. After taking out Aug 24 high, oil sold off just before Trumps inauguration. This is a trade i would like to hold on to. My stops are already at BE as anything could happen.
USOIL, DailyUSOIL, daily
Oil prices fell as speculation about Trump relaxing energy restrains on Russia offset concerns of supply disruptions from the sanctions. The new US sanctions could impact nearly 1 million barrels per day of oil from Russia, but Trump's potential action may determine the duration of recent price gains. Also an easing of tensions in the Middle East where Hamas and Israel exchanged hostages on Sunday kept oil prices for further progressing as well as the potential impact of a cold snap of the weather in Texas and New Mexico could affect oil production which is an additional factor influencing the oil market.
On the technical side, the price had a rather aggressive bullish boost in the past couple of weeks and has recently corrected to the downside after finding sufficient resistance on the upper band of the Bollinger bands. The level of the 61.8% of the weekly Fibonacci retracement is what is supporting the price at the time of this report being written however the 50-day moving average has crossed above the 100-day possibly pointing at the retest of the the latest high around $79 or even $80. On the other hand, the Stochastic oscillator is already in extremely overbought levels hinting that the $80 mark might not be strong enough to hold the price that high and could potentially test again the 61.8% of the Fibonacci retracement level in the medium-term outlook.
USOIL - Fib LevelThe US oil rallied in previous week and reached its resistance level of 80$ now the price is retracing to its fib levels. A key level is its 0.5- & 0.618 level which is also supported by trendline. If these level are able to sutain then entry can be taken.
Cautious approachmust be taken as it bearish divergence is in play and drop the price more low.
Bullish momentum to extend?WTI Oil (XTI/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 78.09
1st Support: 76.04
1st Resistance: 80.79
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Oil Heading LowerWe are in the latter stages of a running impulse move-up. However, the move has run into a corrective phase on which I do see it sliding lower to at least 77.35. At this level, I find a cluster of resistance factors that work great to set as a minimum target, which includes 100 equality in depth between waves A and C, as well as having just underneath an unfilled gap, which we might be seeing the price target to fill finally.
The most recent price action looks to be contracting in what I suspect is a triangle formation. After enough accumulation has happened I expect to see the break below occur. That is why I've set the entry price right below the second wave of the triangle. Stop is set a few points from the top of the pattern.
Thread carefully since I do expect this move to end violently and swiftly, and turn around right afterward to thrust upward once more. It might even be best for some to stay on the sidelines for this drop and wait for the entry to come on the next big move up.
Happy Trading :)
JAN 19TH 2025 ANLYSIS /SENTIMENT
🔥 Futures Market Analysis: Friday Recap & Monday Domination Plan 🔥
Friday Recap (January 19, 2025): Crushing the Week 💪
Friday’s futures market wrapped up with some serious moves and setups for next week:
1. 📈 Equity Futures:
• S&P 500 E-mini climbed steadily, flirting with key resistance at 4,500. Bulls stayed in control, setting up for what could be a breakout week.
• Nasdaq Futures stole the spotlight 🚀, smashing through resistance as tech stocks carried the load. If you’re not watching this, what are you even doing?
• Dow Jones Futures cooled off as industrials and energy weighed down the index. Time to let the big dogs rest.
2. 🛢️ Commodities:
• Crude Oil Futures tapped the brakes (-1.3%) after a red-hot rally earlier in the week. The sell-off screams profit-taking, not panic. Watch for a bounce next week.
• Gold Futures hit a six-month high 💰—safe-haven buyers are loving inflation fears and global tension. It’s shiny for a reason.
3. 📉 Treasury Yields & Volatility:
• Bond futures relaxed, with yields dipping as traders priced in Fed softness.
• The VIX dropped as if it knew Monday would be quiet. But don’t let the low volatility fool you—big moves are brewing.
💥 Monday Outlook: Dominate the Holiday Gap 💥
With markets closed Monday (MLK Day), here’s how to stay ahead of the game:
1. Sunday Night Action (Overnight Session):
• Expect light trading volumes—perfect for quick volatility spikes.
• 🔑 Focus Areas:
• News from Asia & Europe could dictate overnight direction.
• Crypto futures (Bitcoin 🚀, anyone?) may provide early clues for risk appetite.
2. Tuesday Gap Risk:
• Big Gaps Ahead? With no trading Monday, markets could open Tuesday with serious energy. Gaps up or down will depend on weekend news—don’t sleep on this!
• Levels to Watch:
• S&P 500 E-mini: 🚧 Resistance at 4,500, support at 4,420.
• Nasdaq Futures: Ready to rumble between 15,800 (resistance) and 15,300 (support).
📅 What’s Coming Next Week?
💡 Tuesday: Flash PMI data could shake things up.
🔥 Thursday: Initial jobless claims—are we still #winning in the labor market?
💣 Friday: Core PCE inflation (aka: what the Fed really cares about). This will be the week’s mic drop.
Your Game Plan: From Crushing It to Kicking Ass 🔥
1. 🚨 Be Ready for Whipsaws: Low volume means traps are everywhere. Stay sharp, and don’t let the algos outsmart you.
2. 📊 Monitor Key Indicators:
• VIX: A spike = risk-off.
• Crude Oil: If it starts bouncing, it could set the tone for energy stocks.
3. 💪 Scenario Mindset for Tuesday:
• Bullish Setup: Earnings and macro optimism light the fuse.
• Bearish Setup: Bad news (or no news) throws cold water on the rally.
You’re not here to play nice. You’re here to dominate. So bring the heat Tuesday and make sure your strategy is locked and loaded. Let’s kick ass and take names this week. 💥
Let me know if you want me to tweak the energy or tone!
