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WTI Crude (OIL) / US DollarWTI Crude (OIL) / US DollarWTI Crude (OIL) / US Dollar

WTI Crude (OIL) / US Dollar

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USOIL Will Go Down From Resistance! Short! Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 76.573. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 72.081 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILShort
by SignalProvider
1
SELL TREND is starting in USOIL market (For more read captions).📉 USOIL Price Forecast 📉 USOIL has broken down the ascending channel with a strong bearish candle, confirming a shift in momentum. The market is currently in a retracement phase, with potential to retrace to the ascending channel before resuming its downtrend toward the targets. Selling pressure is increasing, and the price is hovering around $74.00, where an order block is present. A breakdown below the first target zone will confirm further declines. 🎯 Technical Target Levels: -72.80 (First target zone) -71.00 -70.20 -69.50 (Final target) 📌 Key Highlights: - Ascending channel breakdown confirmed. -Retracement nearing completion—prepare for the next bearish move. -Increased selling pressure supported by strong volume. ✅ Stay Ahead and Profitable! Like, comment, and follow for precise forecasts and profitable insights. Don’t miss out on the next big move—trade smarter with expert updates! 🚀 📢 Join the community for timely analysis and consistent success!
TVC:USOILShort
by TrendLogic1
2
WTI Oil Short: Bearish Setup After Sharp RallyOil prices have surged impressively, fueled by recent fundamental-driven market moves. However, this swift upside has led WTI crude to my point of interest, offering a prime opportunity to short against the trend. My trade strategy includes taking partials at the $74 price zone. Here’s why this setup is supported by bearish fundamentals: 1. Rising U.S. Fuel Inventories Recent data shows significant growth in U.S. gasoline and distillate stockpiles, hinting at a potential oversupply in the market. 2. Strengthening U.S. Dollar A stronger dollar makes oil more expensive for holders of other currencies, reducing global demand and weighing on prices. 3. Increased Non-OPEC Supply With rising production levels from non-OPEC countries, analysts expect an oversupplied market in 2025, adding further pressure on oil prices. 4. Weakening Global Demand Economic growth concerns in major markets like China and Germany are fostering expectations of reduced oil demand, reinforcing a bearish outlook. These combined factors strongly support a short position on WTI crude oil. Stay strategic, take profits along the way, and manage your risk carefully in this volatile environment! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
OANDA:WTICOUSDShort
by AR33_
USOIL turning point 78.466 read caption for more...I have prepared this setup for USOIL what do you think about it let me in comment section. I am waiting for the area of 78.466 as it is was a resistance made in earlier days. If this breaks and H4 candle closes above then target will be 80.240 as the result of bullish move and on the other hand if it does not closes above or breaks this area then the target will be 76.570 as a result of bearish move. Kindly support me like comment and share this if you found this helpful.
FX:USOIL
by Jacks_Trading_Service
Oil Driven by Economic and Geopolitical FactorsOil prices have experienced a remarkable surge, with gains reaching nearly 5% at the peak of the session, marking one of the most positive trading days since late 2023. While part of the initial momentum has moderated, crude remains substantially up, around 3%, largely driven by the strength of the U.S. labor market, as revealed by the recent Non-Farm Payrolls (NFP) data. This solid performance in U.S. employment reinforces the outlook for a robust economy, which in turn exerts upward pressure on commodity prices, especially energy commodities like oil. This rebound is not an isolated event. Crude has found a new support level around $67 per barrel for WTI, driven by factors such as the increase in fuel demand due to recent winter storms, the ongoing production cuts by OPEC+, and expectations of potential sanctions under the new administration. The December 2024 NFP data far exceeded market expectations, with the creation of 256,000 jobs, the largest increase in nine months, compared to the 160,000 forecast. This figure, alongside other positive economic indicators such as the services PMI and job openings, strengthens the narrative of a resilient U.S. economy. The robust U.S. labor market acts as a catalyst for energy demand, driving oil prices higher. This economic dynamism, combined with geopolitical factors and decisions by OPEC+, creates a complex yet favorable environment for crude in the short term. Beyond short-term factors, the production strategy of the new administration will play a crucial role in the evolution of oil prices. Plans to increase production by over 3 million barrels per day could have a significant market impact. The projected increase in oil production by the administration introduces a key uncertainty. This could limit upward price pressures and potentially shift the balance in the global oil market. In summary, oil prices are currently in a period of notable dynamism, driven by a combination of economic, geopolitical, and strategic factors. The strong U.S. labor market, the supply restrictions by OPEC+, and expectations surrounding the new administration shape a complex scenario that markets will closely monitor. Recent economic data, with an unexpectedly strong labor market, suggests economic resilience that supports energy demand. However, the potential increase in domestic production could temper this momentum. The balance among these factors will determine the trajectory of oil prices in the coming months.
PEPPERSTONE:SPOTCRUDE
by Pepperstone
Confuence of AB=CD 1.618 extension & Double top FAIL Price rallied past the ABCD extension at 1.618 with great momentum( long range bar)this top also corresponded to a double top that is visible in the 4HR chart. All indications to sell this market in my humble opinion did not pen out. I AM NOT SELLING THIS MARKET, I know what you are thinking, maybe you are right, maybe l am an idiot but l just don't know how to do it any other way. Always trade what you see not what you think , no one knows whats going to happen next in the market. Anything can happen. Happy trading and always practise sound money management.!
TVC:USOILLong
by ChasuraGold
USOIL Under Pressure! SELL! My dear friends, Please, find my technical outlook for USOIL below: The price is coiling around a solid key level - 76.54 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 75.36 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
TVC:USOILShort
by AnabelSignals
1
Crude Oil USOIL AnalysisHello Guy's this is My OverView For USOIL, Feel Free To Check It And Write Your Feedback In Comments Analysis of Crude Oil (USOIL) Here are the key observations: Price Levels: Current price is around $73.76. Sell signal at $73.76. Buy signal at $73.82. Trend Indicators: A recent upward trend is observed, indicated by a rising channel formation outlined with blue lines. However, the price has now reached an upper resistance level and appears to be reversing. Supertrend Indicator: The Supertrend indicator shows a value of 74.90, suggesting bearish sentiment when the price is below this level. Support and Resistance Zones: The chart indicates potential take-profit (TP) levels for short positions at $73.40 (Tp1) and $72.80 (Tp2). A broader support zone around $68.94 is highlighted in red, indicating significant support if prices drop further. Technical Outlook: in our setup s traders might be looking for short opportunities given the recent rejection from resistance. A target range for profit-taking on shorts between Tp1 ($73.40) and Tp2 ($72).80). Note: This analysis for educational purposes and not trading advice. Consider market conditions and strategies.
TVC:USOILShort
by David_Josh_Trader
1
Crude oil surges higherCrude oil shot higher in early trade this morning. Front-month WTI has added close to 3% and has surged back above $75 per barrel. This takes the price back up to levels last seen on 10th October, and the move adds legs to the current rally which began before the Christmas break. Credit for the latest strong upside move is being given to the freezing weather conditions across Europe and in parts of the US. The situation isn’t improved by concerns of low inventories. At the same time, this three week rally has seen the daily MACD push up into territory last seen in early July, when front-month WTI was trading above $83. Prices subsequently fell back sharply. While the immediate fundamentals are quite different now compared to the summer, it shouldn’t be a surprise to see some sort of pullback and consolidation. At the same time, markets can continue to run at overbought, or oversold, levels for much longer than often seems reasonable.
TRADENATION:WTI
by TradeNation