Crude Oil Short Term Possible Uptrend The price of crude oil has shown indications of a potential short-term rise. However, current analysis suggests that the overall trend remains bearish, indicating potential downward pressure in the longer term. This is not a financial advice.Longby Charts_M7MUpdated 8
Bearish Crude Oil Intraday Trade Ideaongoing concerns about demand, alongside mixed global economic data, may weigh on oil prices in the short term. I'm anticipating a move lower, targeting key intraday support levels. Stops will be placed above recent highs to manage risk, while looking for continued bearish momentum as the market corrects from overextended levelsShortby trader92241
US OilPair : Crude Oil - US OIL Description : Completed " 12345 " Impulsive Waves Bearish Channel as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Demand Zoneby ForexDetective4
Directional bias for trade filtering on lower TF , or 70 win % Hi there! I’m excited to share a system I’ve developed called 'Zones.' These zones offer a directional bias, helping predict where price is likely to move next with a current follow-through rate of 70%. In other words, if the price exits one of the orange zones, there’s a 70% chance it will reach the next orange zone, at least touching the boundary, rather than reversing back and closing within the previous zone. You can trade these zones directly for a 70% win rate, or use them as a directional bias to complement your existing strategy on a 1-minute or 5-minute chart (which I highly recommend). Important note: When the price briefly exits a zone but doesn’t close outside it, this is not considered a valid exit — we call this a "spike" or wick. For the 70% win rate to apply, the price must close outside the zone. These zones are the result of years of research, experimental machine learning development, and collaboration with colleagues who have decades of experience in physics. And the best part? I’m offering them completely free. The real challenge isn’t just following a system with a 70% win rate — it’s whether you can overcome your own psychology and avoid sabotaging your success. If you had a winning strategy, what’s really stopping you from being consistently profitable? Often, the answer is ourselves. My zones are built on theoretical thermodynamics and mathematical proofs that help predict the likely trajectory of a system, similar to particle movement in physics. Keep in mind, the orange zone line represents an unpredictable area — while the price often touches the line, there are instances where it may not reach it. Due to the inherent limitations of modern physics, this zone remains an unsolvable area, adding a layer of uncertainty to the system. I promise, none of the paid indicators, whether it’s LuxAlgo or anything from a Pine Wizard or trading “guru,” can match the accuracy of these zones. But don’t take my word for it — try them for yourself and see the results! Happy trading!by user28394090
Light CL1! short Light CL1! enters strong bearish area on daily TF. It is reasonable to follow after best entrence point with small stop and good R:R. Will be updated later.Shortby Vagov1
Bullish Crude OilCrude oil is set up for a potential intraday bullish move, with prices showing resilience off recent support levels. Market sentiment is leaning toward higher prices, fueled by continued supply constraints and positive demand outlooks.Longby trader9224Updated 0
2024-10-22 - priceactiontds - daily update - oilGood Evening and I hope you are well. tl;dr Oil - Bull surprise and the actual breakout above both the daily 20ema and the bear trend line. Bear gap to 72.6 is not yet closed but with good follow through tomorrow they could get it. I do think longs are much better here than shorts and we could finally disappoint bears again. Could retest the bear trend line tomorrow, that means that a deep pullback to 69.7 or 70 is possible. There I would look for longs again. comment: Bullish breakout and my major trend reversal theory was good. Bulls now should not let this drop below 69.5 again. We could see a retest of ~70 again before we go higher. I will only look for longs on this tomorrow and anything below 70.5 is a decent trade. current market cycle: trading range key levels: 68 - 71 bull case: Targets for the bulls are now 72.6 to close the bear gap and above that is 75. No more words needed for this. Invalidation is below 69.5. bear case: Bears need to get this below 69.5 again to continue the trading range or otherwise we see a bigger move upwards to the given targets. Have we already seen the giving up from the bears today? If we stay above 70.5, then it’s likely so. If they get it below 69.5 again, next target is 69.26 where I expect most bull stops to be and that would be a very important price for both sides. If bears print 69.5, a continuation of the trading range 68 - 70.5 is most likely. Invalidation is above 72.3. short term: Bullish as long as we stay above 69.5. Neutral below. medium-long term - Update from 2024-10-20 : No idea where this wants to go in the remaining 2 months of this year so I am neutral until we have a better pattern. The big triangle on the weekly chart is alive and until that changes, no more updates. current swing trade: Will do a swing long on a pullback tomorrow. trade of the day: Long since bar 6 or the double bottom around 69.3.Longby priceactiontds0
Review of yesterday's post10.22.24 This is a review as it pertains to yesterday's post. I would focus on how I would consider taking trades and managing trades if I already am in the market... as well as missing trades and looking for a second chance. it's very hard to have flexibility in your trade decisions if you can only think like a buyer or a seller.....markets usually give you a second chance if you missed the first chance.30:48by ScottBogatin4
Short Crudeoil sold@5900 sl 5958 tgt 5809 This is for educational purpose only. I'm not a SEBI registered analyst.Shortby LazyBullearUpdated 2
2024-10-21 - priceactiontds - daily update - oilGood Evening and I hope you are well. tl;dr Oil - Trading range 68 - 70.6 continues. Neutral as it gets in between. Don’t over analyse this range. comment : Bulls fighting for 70 and there is a chance this today was a lower low major trend reversal and we go up from here. Validation is only a daily close above 71, so don’t be early like me last week. Continuation of the trading range is a bit more likely than a bullish breakout. current market cycle: trading range key levels: 68 - 71 bull case: Bulls want to keep 70 support and break above the bear channel now. They still need to break the bear trend line and above the daily 20ema. Given the current chart, you simply can not hold longs above 70 for now. Invalidation is below 67.7. bear case: Bears keeping this at the lows is good for them. They could still try to get a third leg down to retest the September low 63.46 but right now that is as unlikely as bulls breaking above 71. I do think one side will give up this week and we see a bigger move. Do not trade on hopes of an event which could sent oil prices higher. That is not a trading strategy, that is gambling. Invalidation is above 71. short term: Neutral inside given range. medium-long term - Update from 2024-10-20: No idea where this wants to go in the remaining 2 months of this year so I am neutral until we have a better pattern. The big triangle on the weekly chart is alive and until that changes, no more updates. current swing trade: None trade of the day: Long 68.6 since it was previous support and close enough to the bull trend line to expect it to hold. Was good for 150+ ticks.by priceactiontds0
CRUDE OIL Breakout done!This chart shows a breakout setup, with the following levels as targets: Breakout level: 5,935 (23.6% Fibonacci) After the breakout from 5,935, the targets are: First target: 6,038 (38.2% Fibonacci) Second target: 6,123 (50% Fibonacci) Final target: 6,209 (61.8% Fibonacci) The invalidation level is at 5,771, where the breakout setup would be considered failed, indicating a potential revisit of the recent lows. Longby TheSnop3
Crude Oil Monday BluesLooking for Crude oil to take some BSL and then look for shorting opportunities to head south for today. If not then will be waiting.Shortby IamThattrader0
Crude on BuyCrude Oil now on bullish because of start the tomorrow meeting for China, India & Russia 1st Target : 5960 Longby prnav104
CRUDE**CrudeOil:** This week's forecast is for the price to continue to fall.Shortby SpinnakerFX_LTD331
#202442 - priceactiontds - weekly update - wti crude oilGood Evening and I hope you are well. tl;dr wti crude oil: Bulls nowhere to be found. We are near the minor bull trend line starting from the September low below 64 and it is more likely that this trend line holds and we do not go below the October low 65.74. Can you long this based on that assumption? I would not. Wait for bigger buying pressure and break of the bear trend line currently around 70.4. Can you sell this? On a pullback yes, but not below 70. Quote from last week: comment: Bullish doji on the weekly with big tails above and below. 71.5 is a good low and likely to hold. I do expect another try by the bears though. Only question now is will we see 77+ before 74? I don’t know. So watch for momentum and hope along. I still favor the bulls for at least a retest of 77/78 but I do think we can hit 80 again. Given the strength of the move up, it is reasonable to expect a bigger second leg to 80 or higher. comment: Bulls started ok on Monday and the close was neutral but Tuesday really killed every last bull who bought above 71 and hoped for a second leg up above 75. Market has now left a giant bearish island reversal between 71 and 72.5 and that is as bearish as it gets. Bulls last hope now is to hold above the bull trend line at 68. current market cycle : trading range (triangle on the weekly tf) key levels: 63 - 78 bull case: No more bullish thoughts from me for now. Only an event can save the bulls. Monday they had another chance and they blew it on Tuesday. Now market has formed a big bear wedge but the hope that this will break to the upside is slim. Bull trend line at 68 has to hold or bulls will give up until 65. Invalidation is below 68 bear case: Bears won last week big time. Now they want to run all the stops below 65 and retest 63.46. Problem with their case is the bull trend line and the bear wedge. We are trading at the lows and above the bull trend line, which is a bad spot for new shorts. Any short around the daily 20ema near 71 is probably a decent trade. Invalidation is above 72. outlook last week: short term: Neutral but expecting a retest of 77 and higher again. The closer to 74 you can long this, the better is what I think. → Last Sunday we traded 75.56 and now we are at 68.69. That outlook was garbage. short term: Neutral 68-70 but leaning bearish near 71. Not the best spot to trade currently. medium-long term - Update from 2024-10-20: No idea where this wants to go in the remaining 2 months of this year so I am neutral until we have a better pattern. The big triangle on the weekly chart is alive and until that changes, no more updates. current swing trade: None chart update: Removed bullish pattern, added bear gap and bear wedge.by priceactiontds1
Bullish Crude Oil Trade IdeaCrude oil is set up for a bullish move, driven by supply-side constraints and stronger demand. Recent inventory reports have shown lower-than-expected stock levels, signaling tightening supplies. Additionally, OPEC's continued production cuts and geopolitical tensions are likely to support oil prices in the near term. I'm anticipating a rally toward key resistance levels as the market reacts to these fundamental drivers.Longby trader92245
WTI song remains the same increased volatility still in rangeAlthough we have had a choppy ride in oil in the past month due to tensions in the Middle East, has anything changed? no did this chart at the beginning of the year and the song remains the same trapped inside a range. The clearly defined range is $54/$89 so until we break out cant see the picture changing by MarkLangley1
Light Crude Oil Futures: Bulls vs. Bears – Big Moves ComingAlright, trading fam, let me set the scene. We’re sitting at $69.40 right now, and the market is coiling like a wave that’s either going to barrel or wipe out everyone trying to ride it. This is one of those setups that makes you lean in because, whichever way it goes, it’s going to be a ride. You ready? Bearish Path – Things Could Get Real Slippery If the price slips below $62.30, it could open up a steep drop to as low as $17.12. Yeah, that’s a long way down. It’s like paddling into the wrong break and realizing there’s no way out without eating sand. If the bears manage to break that key support, all bets are off. Think demand drops, rising inventories, or a stronger dollar that sends oil spiraling lower. Traders who’ve been short are already eyeing this level—if it breaks, they’ll be riding that wave all the way down. Bullish Path – Eyes on the Double Top But here’s the flip side: if the bulls show up and break through $89.10, we’re talking about a potential double top formation. And if that double top gives way? It’s all gas, no brakes, with $129.25 in sight. It’ll take some momentum to push through—maybe supply cuts or geopolitical tensions—but if the bulls catch that wave, it could be a smooth ride to higher levels. What’s the Move? Right now, it’s all about staying patient and reading the flow. If $62.30 holds, you know the bulls still have some fight in them. But if they lose that level, the bears are going to have a field day. On the other hand, if the bulls break through $89.10, it’s game on to higher highs. This is one of those trades where the chart is giving us clear levels, and now it’s just a matter of who takes the wheel. If this breakdown gave you some clarity, follow, share, and pass it along to anyone else riding these markets. Let’s keep an eye on these levels and catch the right wave when it comes. Mindbloome Traderby Mindbloome-Trading2
Possible sellOil may drop towards the immediate support structures if it fails to stabilise above the above resistance barriers.Shortby Two4One4Updated 112
Crude Oil Mastery: Fib Levels, Blocks, & Money Flow MagicMy trading strategy for crude oil is based on a combination of Fibonacci levels, order block support, and money flow profile analysis. By using these tools, I aim to identify key areas of market strength and weakness, allowing for high-probability trade entries. The Fibonacci levels help pinpoint potential retracement zones, while order blocks provide insight into significant support and resistance levels. The money flow profile gives a clear view of liquidity and market participation, allowing me to track where large capital is moving in the market.by GlebalTrader0
Cude OilCrude oil is gaining momentum, with market fundamentals supporting a potential rise in prices. Ongoing supply constraints, alongside steady demand, provide a favorable backdrop for further gains. With crude oil finding support at key intraday levels, I'm looking for a move higher toward the next resistance zone. Entering long on pullbacks offers a good opportunity to capture the upside.Longby trader9224Updated 4
WTI crude hints at cheeky bounce to $72WTI has fallen over 11% in seven days, and the loss of momentum around $70 could appeal to bullish swing traders. We're not looking for anything heroic here given the mixed signals on futures positioning, but it might be able to deliver a cheeky bounce higher over the near term. MS.Long02:33by CityIndex4
Oil SSLSell side liquidity will be taken on this monthly chart of OIL futures. It does not take a genius to work out that all these relatively equal lows will be taken and the unmitigated inefficieny of price will be filled. Now you know the direction for oil for the remaining 14 days on this month and possibly next month depending on what levels are hit and when....Shortby TheTradeReaper6662