Oil will increase to reach 71 dollarWe can assume this Safe Zone won’t break out from the bottom, so let's trade accordingly.
OILUSD trade ideas
USOIL LONG SIGNAL|
✅CRUDE OIL fell down sharply
And will soon retest a key wide
Support area around 66.00$
So I think that the pair will make a rebound
Therefore we will be able to enter
A long trade with the TP of 68.20$
And the SL of 65.17$
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
OILUSD PositiveOIL prices should hike from this support towards the normal 75,00 to the USD. This area is a strong support zone, let us see if it rejects habibi
SALE on CRUDEWe are having a sale on crude oil right now due to tariffs.
Trump will change his words or make ways to lower the price a bit more for him to buy more. ALWAYS buy crude without any leverages as it is investment, we will keep our position and buy when there are sale opportunities like today.
I anticipated that this month will be just waiting month. The reaction (rise) that we had was not a healthy reaction, so we needed this healthy way of rise. WHY? Its always better to buy in more positions and lower your averages 💪😎
Keep an eye on crude, and we will build a habit to look at crude when we clear our positions one by one, not being like a kid rise-happy&fall-sad.
It is very healthy and I LOVE IT right now💪😫👌🎉
Trade War Toilet Flush The tariff toilet flush has begun. 🚽 Don't get sucked down the drain into the sewer.
Let's look at oil. While things LOOK bad now, if we are headed to a true recession, look at the medium and long term supports for likely targets.
It feels like this "trade war" is a great cover for everyone to hide their dirty laundry in a growing pile of dirty laundry. I feel like the AI unwind has been going on for a while, and we had to "repay" all the printed money at some point.
DON'T PANIC. Look at previous crashes (dotcom bubble, GFC) for guidance of what things look like on the way down in a true crash. They want us to panic so they can buy things for dirt cheap then ride it all the way back up.
USOIL 1HR // 03 April 2025 AnalysisWe can see a small uptrend forming on the 1 hour timeframe.
Let's see how the price reacts around the trendline and the marked are of support and resistance.
Potential buys if we get a rejection from both the trendline and marked area of support/resistance.
Alternatively, if the price breaks through the area of support and resistance and the trendline, we can wait for a break and retest for potential sells.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
USOIL: Key Levels and Bullish Prospects Amid Trade War ConcernsGood morning Traders,
Trust you are doing great.
Kindly go through my analysis of USOIL.
USOIL is currently experiencing market imbalance due to the nature of its opening range, following a gap-down decline last night in response to trade war concerns that have fueled recession fears. The price dropped from its weekly high of 72.22 to a key support zone at 69.00, which is near the week's low. As we anticipate the release of the ISM Services PMI at 3 PM GMT+1, I expect the demand zone to hold, driving the price higher—initially to fill the gap and subsequently toward the 71.35 region. Furthermore, this outlook is strengthened by the formation of a bullish Bat pattern on the M30 chart.
The key levels I will be monitoring for potential price action include the previous week's high at 70.10, the five-week high at 70.62, and the 71.35 region. These areas represent significant resistance levels that could be tested as price moves upward. A break below 68.80 will invalidate this outlook.
Cheers and Happy trading.
USOIL BULLS ARE STRONG HERE|LONG
USOIL SIGNAL
Trade Direction: long
Entry Level: 69.37
Target Level: 70.64
Stop Loss: 68.53
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WTI CRUDE OIL TRADE SETUP : BREAKOUT OR BREAKDOWN ?📊 Key Observations:
🔹 Trend:
🚀 Strong bullish move followed by a correction 📉
🔻 Price is testing a support zone
🔹 Pattern Formation:
📏 Descending channel or flag-like structure
📍 Price is near a breakout point
🔹 Trade Setup:
✅ Entry Zone: Around 70.77
🛑 Stop Loss: 70.44 - 70.49 (Risk limit ❌)
🎯 Target Point: 71.80 (Profit zone ✅)
🔹 Indicators & Confirmation:
📊 DEMA (9) at 70.92 → Price is slightly below short-term momentum
🔥 A breakout above resistance could confirm a bullish move 🚀
📌 Conclusion:
✅ If price breaks the trendline upwards → Buy 📈 aiming for 71.80 🎯
❌ If support at 70.44-70.49 fails → More downside possible ⚠️
🚀 Watch for volume & candlestick confirmation before entering!
Crude Oil Dipped, Testing Critical Support Level FenzoFx—Crude oil dropped from $72.20 and is now testing the $68.8 support. The decline was expected as the Stochastic oscillator signaled overbought conditions.
If $68.8 breaks, the downtrend could extend to $67.6.
Bullish Scenario : However, a higher low above $70.15 would invalidate the bearish outlook, potentially pushing prices back to $72.20.
WTI Crude Oil (XTIUSD) – H4 SELL SetupWTI Crude Oil (XTIUSD) – H4 SELL Setup
Price has reacted from a key H4 supply zone after taking out previous highs. A clean bearish shift suggests continuation to the downside.
🔹 Entry: At supply zone
🔹 SL: Above mitigation zone
🔹 TPs:
First support
Equal lows
Extended swing low
Bias: Bearish
Reasoning: Liquidity sweep + market structure shift + imbalance
USOIL - NEW BREAKOUTHello Traders !
On Wednesday 5 March, The USOIL reached the support level (65.24 - 66.28).
Yesterday, The price broke the resistance level (70.08 - 70.57).
This key level becomes new support level !
So, I expect a bullish move🚀
________________
TARGET: 72.490🎯
Crude oil meets resistance at high levels, it is time to go shorAlthough we have used the daily line to re-count the waves, and explained that the current rising market is in the 2nd wave rebound of the daily line, which is the sub-wave c of wave 2, the market is still in a bearish trend in the daily line. After the market has completed this wave of 2nd wave rebound and adjustment, it will continue to fall by 3 waves. In the 4-hour market, the current market has not risen above 72.90 US dollars. We can still regard it as a rebound of 3-2 waves, or a rebound of the main wave 4. The main decline wave 1 of 4 hours fell from 76.57 US dollars to 69.80 US dollars, a drop of 6.77 US dollars, and the current 4-hour main decline wave 3 fell from 72.90 US dollars to 64. .85 dollars fell to 8.05 dollars. Why can it be either 3-2 waves or 4 waves? Because the current 8.05 dollars is larger than the decline of the main decline wave 1, it can be regarded as 3 waves, and the current rebound is very strong, so it can be regarded as 4 waves, but I think from the perspective of the main decline wave 3 in 4 hours, the decline should be more than that, it should be greater than 10 US dollars, so it can also be regarded as a rebound of 3-2 waves. The key is whether this wave of rise will break 72.90 US dollars. If it breaks, it will be a sub-wave of the main decline wave 1 in 4 hours. Therefore, our trading ideas today do not have a main direction. The market will make orders when the strategy reaches that first.
Today's crude oil recommendations: 1. Short at 72.65 US dollars, stop loss 30 points, and take profit 70.60 US dollars.
USOIL:Give priority to go long positions on the retracementU.S. heating oil futures gave back their gains. EIA (Energy Information Administration) data showed that U.S. distillate fuel oil inventories unexpectedly increased. U.S. gasoline futures' upward momentum expanded slightly, and the EIA data indicated that the inventory was basically in line with expectations.
The commercial crude oil imports in the United States excluding the strategic petroleum reserve for the week ended March 28 reached the highest level since the week ended January 31, 2025. The EIA strategic petroleum reserve inventory in the United States for the week ended March 28 was at its highest level since the week ended October 28, 2022. The increase in EIA crude oil inventories in the United States for the week ended March 28 recorded the largest gain since the week ended January 31, 2025. The domestic crude oil production in the United States for the week ended March 28 was at its highest level since the week ended December 20, 2024. The commercial crude oil inventory in the United States excluding the strategic petroleum reserve for the week ended March 28 was at its highest level since the week ended July 12, 2024.
Crude oil showed a trend of bottoming out and rebounding on Wednesday. It stabilized and rose near 70.7. After breaking through the $71.2 mark, there might have been a bullish reversal in crude oil. The oil price is expected to test the resistance level above 72.0. Once it further breaks through, it is expected to open up the upside space. In terms of future trading operations, it is advisable to consider laying out long positions on the retracement first.
Trading Strategy:
buy@70-70.5
TP:71.5-72
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Oil - Short Term Buy Idea Update!!!Hi Traders, on March 25th I shared this "Oil - Expecting Retraces and Further Continuation Higher"
I expected to see retraces and further continuation higher. You can read the full post using the link above.
The bullish move delivered as expected!!!
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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if the trend line breaks we are at wargold is just flying and if oil follows there is going to be war In Middle East
WTI Crude Oil INTRADAY breakout level retest at 7045WTI Crude Oil maintains a bullish sentiment, supported by the prevailing uptrend. The recent intraday movement suggests a corrective pullback toward a key support zone.
Key Level: 70.45
This level represents the previous consolidation zone and now acts as a critical support area.
Bullish Scenario: If the price bounces from 70.45, it could resume its upward trend, targeting 72.27, followed by 72.71 and 73.46 over a longer timeframe.
Bearish Scenario: A confirmed break below 70.45 with a daily close under this level would weaken the bullish outlook, potentially leading to further declines toward 69.30 and 68.23.
Conclusion:
WTI Crude Oil remains bullish unless it loses support at 70.45. Traders should watch for either a bounce or a breakdown at this level to determine the next move.
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WTI Oil H4 | Pullback support at 61.8% Fibonacci retracementWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 69.99 which is a pullback support that aligns with the 61.8% Fibonacci retracement.
Stop loss is at 68.40 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement.
Take profit is at 72.94 which is a multi-swing-high resistance.
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Crude Oil Technical AnalysisFenzoFx—Crude Oil trades are bullish, stabilizing above $70.60. Stochastic signals overbought. A correction toward the 50-SMA is likely before the uptrend resumes.
Trade Crude Oil without Swap Charges at FenzoFx.
Oil will soon be $200Technical and Fundamental Analysis of Crude Oil (WTI)
Technical Analysis:
1. Key Support and Resistance Levels:
The $80 level acts as a strong resistance, where the price has reversed in the past.
Major support levels are at $66 and $68.
2. Overall Trend:
The price has bounced from $66 and is currently trading around $70.94.
If the price breaks above the $72 resistance, it could move towards $74-$76.
A break below $68 may push the price down to $66 and potentially $64.
3. Price Action:
A recent strong bullish move indicates buying interest in this zone.
The price is attempting to stabilize above $70.
Fundamental Analysis:
1. Key Influencing Factors:
OPEC+ Decisions: Any production cuts could support oil prices.
U.S. Economic Data: Inflation, interest rates, and Federal Reserve policies impact oil demand.
Geopolitical Tensions: Conflicts in the Middle East or Russia can drive prices higher.
U.S. Crude Oil Inventory: Declining inventories signal higher demand, boosting prices.
2. Overall Outlook:
If global demand continues to rise and OPEC+ cuts production, oil could reach $74-$76.
Weak economic data and slowing global growth may push prices down to $66.
Conclusion: The price is at a critical level. A breakout above $72 confirms a bullish trend, while dropping below $68 could indicate weakness.
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 is a pullback resistance.
Pivot: 69.86
1st Support: 68.71
1st Resistance: 71.83
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