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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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OILUSD trade ideas

USOIL Will Go Higher! Buy! Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 70.58. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 72.27 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TVC:USOILLong
by SignalProvider
1
USOIL WEEKLY MARKET ANALYSIS📊 USOIL Weekly Update Technical View: Not much has changed on the charts. Price remains within the expected range, waiting for a catalyst to break out. Fundamental Highlights: Geopolitics: TVC:UKOIL Brent hit ~$71, WTI at ~$67, driven by instability following the ousting of Syria's President. Saudi Aramco: January crude prices for Asia slashed to early 2021 lows due to weak Chinese demand. OPEC+: Delayed output hikes to April 2025; cuts extended through 2026. U.S. Supply: Increased oil & gas rig activity adds pressure on prices. Natural Gas: Futures rebounded 5% to $3.147 after last week’s losses. 🔑 Key Levels ( FX:USOIL WTI): Bullish: Close above 21-period SMA ($72.37) targets 50-period SMA ($73.98). Bearish: Close below $72.00 may see a drop toward ~$70.63. 📌 Trading Strategy: Keep alerts set for key levels; patience is key as we await clearer directional moves. 💬 Let’s discuss more in ⁠comment below! Happy Trading, The NFX Team™ 💚 (Earlier shared this post but got taken down due to some off-platform mention (violation) - still getting used to the TV rules :) , reposted for reference purpose.)
FX:USOILLong
by niclaxfx
USOIL Bullish Breakout: Wedge Pattern Analysis on H4On the H4 timeframe, USOIL has breakout above a wedge pattern, signaling a potential shift toward bullish momentum. The breakout is visually projected using an orange-colored box, highlighting the zone where the price successfully moved above the wedge's upper boundary. This breakout indicates an increase in buying pressure, suggesting that the price may trend higher in the near term. The next key resistance levels to watch are 71.3 and 72.2, which align with significant historical price zones and are set as profit targets. Caution is advised, as a reversal that pushes the price back into the wedge would invalidate this bullish outlook. It is advisable to place a stop-loss just below the wedge’s upper boundary. Disclaimer: This analysis is part of a trading plan and does not constitute trading advice. Technical analysis is probabilistic in nature and does not guarantee profitability. Always implement proper risk management in every trading decision.
TVC:USOILLong
by DNP-FX
CTKS Method Analysis: Oil Prices in FocusCrude oil is stuck between two structural monthly resistance lines (blue). On the daily chart, there’s a descending broadening wedge with a 50/50 breakout ratio — not very helpful as a leading indicator. A breakout could surprise the market and have a massive impact, as one of the CTKS Masterclass rules emphasizes: consolidation fuels explosions 💥 Scenarios: 🟢 Positive: Break above $72-$73 → strong bullish momentum 🟡 Neutral: Price stays between $67-$72 → consolidation 🔴 Negative: Break below $67 → potential drop toward $60 Given current conditions, I expect a neutral scenario with potential for a bullish breakout in January. Where do you think oil will end this month? #CTKSmethod #Oil #Trading #MarketAnalysis
TVC:USOIL
by AlphaHarbinger
USOIL MARKET ANALYSIS AN DPRICE DIRECTIONUSOIL, has finished Renegotiation at the Rejection zone, there is a reorder already. The market is at the at the 61:8% discount price. Its a perfect entry for the Bulls. The price may retrace little and continue on the Long Journey. First Take profit is at the Trend Line Liquidity and second Take Profit is at The Renegotiation Resistance to clear off the Buyside Liquidity. Entry, Take profit 1 and 2 , stop loss are clearly stated on the Chat. GOOD LUCK GUYS!
FX:USOILLong
by Akpambang
Oil prices rebound on expectations of Chinese economic stimulus Oil prices rebounded as Chinese authorities demonstrated their strong will to stimulate the economy. Chinese authorities announced that they will continue to respond to the economy with a more active fiscal policy, focusing on expanding domestic demand and stimulating consumption. Meanwhile, Aramco announced it would cut its OSP for Asian refineries to 90 cents lower per barrel. This is the lowest since Jan 2021, when global demand was weak due to the pandemic. USOIL briefly broke below the support at 67.60 but rebounded, compensating some of the decline. However, the price stays within the downward channel, maintaining bearish momentum. If USOIL breaks below 67.60 again and the channel’s lower bound, the price may fall further to 64.80. Conversely, if USOIL breaches above EMA78 and the channel’s upper bound, the price could gain upward momentum toward the 70.00 threshold.
TVC:USOIL
by inkicho_exness
A case for oil to rise/rally. Xmas period + world turmoil I took a position in USOUSD a couple of days ago on Friday, I felt it reasonable that oil was undervalued & with more money starting to flow back to households with reduced interest rates worldwide, albeit Australia and soon to become a 'banana republic' as it was supposed to become a a couple of decades ago. So, oil I tip may be breaking out and if you take a position in USOUSD as I have, well you might be keen to know that if price plays out for USOUSD as I think it will because of the bullish head n shoulders on the daily chart, forget the 15m chart HnS's pattern because this is on the Daily and its a mammoth pattern that if triggered very soon as I think it will later in the week, take price up to 90+ in a heartbeat. Take a look at the chart Daily. The bullish story is there including a strong Bottom 3 pattern which price is launching from currently. Below, 15 minute chart USOUSD showing price-action bouncing off the triple bottom acting as strong support, price is keen to move upwards in the next pattern. H&S's pattern will nudge price to 90+ possibly by end of next week.
EIGHTCAP:USOUSD
by Easy_Explosive_Trading
Crude oil struggles onCrude oil is a touch firmer this morning. This has lifted front-month WTI back to where it started a week ago. Overall, last week split cleanly into a positive first half which saw WTI briefly break above $70 a barrel, and a dismal second half which saw it drop back to $67. In between there was a delayed OPEC+ meeting and the ousting of Assad from Syria. The former saw the cartel extend its production cuts until April next year, as expected. This is helping to put a floor under crude prices, and should continue to do so. Front-month WTI has generally found some support around $66.50 since October, while the low of $65 has held since May 2023. At the same time, there has been a succession of lower highs since September 2023. Prices have come under continued downward pressure thanks to plentiful supply, and weakening demand. China’s economic slowdown following its property crisis must take the blame for the latter, although demand across Asia as a whole is down significantly this year. Perhaps equity investors should take more notice of lower oil prices, and consider what these prices are telling them about the economic outlook
TRADENATION:WTI
by TradeNation
Market Analysis: WTI Crude Oil Faces Continued StrugglesMarket Analysis: WTI Crude Oil Faces Continued Struggles Crude oil is showing bearish signs and might decline below $66.80. Important Takeaways for Oil Price Analysis Today - Crude oil prices failed to clear the $70.00 region and started a fresh decline. - There is a connecting bearish trend line forming with resistance at $67.50 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to clear the $70.00 resistance zone against the US Dollar. The price started a fresh decline below the $68.80 support. The price even dipped below the $67.80 level and the 50-hour simple moving average. The bulls are now active near the $66.80 level. A low was formed at $66.78 and the price is now consolidating losses. If there is a fresh increase, it could face resistance near the 23.6% Fib retracement level of the downward move from the $70.10 swing high to the $66.78 low. There is also a connecting bearish trend line forming with resistance at $67.50. The first major resistance is near the $67.80 level, above which the price could rise and test the 61.8% Fib retracement level of the downward move from the $70.10 swing high to the $66.78 low at $68.80. Any more gains might send the price toward the $69.60 level. Conversely, the price might continue to move down and revisit the $66.80 support. The next major support on the WTI crude oil chart is $66.00. If there is a downside break, the price might decline toward $63.50. Any more losses may perhaps open the doors for a move toward the $61.20 support zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
WTI recovered slightly, the outlook tilted to the downsideWTI TVC:USOIL increased slightly in the Asian trading session on Monday (December 9), trading around 67.50 USD/barrel. Oil prices fell sharply last Friday, closing near their lowest level, mainly due to expected declines in global demand. However, expectations that the Federal Reserve will cut interest rates in December increased following the release of US nonfarm data. According to CME Group's FedWatch, federal funds rate futures trading points to the possibility of a 25 basis point rate cut by the Federal Reserve. point in December was nearly 90%, which will provide some support for oil prices. Currently, uncertainty about the geopolitical situation increased again at the weekend, making the medium-term recovery of oil prices still not optimistic. In the short term, crude oil traders need to continue to observe whether the pressure brought about by the geopolitical situation on the supply side will support oil prices to continue to recover. Essentially, this week will continue to focus on changes in inventory data and whether demand-side pressures ease. This week, the financial market in general and the crude oil and WTI crude oil trading market in particular will focus on US CPI data. On the daily chart, WTI TVC:USOIL although it recovered slightly in the opening Asian trading session today (December 9), it still has all the technical factors supporting bearish expectations. With the long-term trend being noticed by the price channel followed by the short-term price channel, it has both a long-term and short-term trend of decreasing prices. On the other hand, WTI crude oil is also under main pressure from EMA21 along with the 0.236% Fibonacci retracement level. In the short term, if WTI crude oil is sold below 65.28USD, there will be a prospect for a new downtrend to open, and the technical point of 68.34USD is the closest resistance currently. The relative strength index also maintained price activity below the 50 level, which should be considered a negative signal for WTI crude oil technically. During the day, the technical outlook for WTI crude oil on the daily chart leans bearish with notable points listed below. Support: 66.44 – 65.28USD Resistance: 68.34 – 69.51USD
TVC:USOILShort
by Xayah_trading
USOUSD (OIL), key support remains in play Thanks for checking our latest update. Today we are looking at oil on its daily chart. The key questions we are asking today from a technical perspective are: Will we see key support continue to hold, and will the rough looking ending diagonal pattern confirm, setting off a new rally? Or could sellers finally break the discussed key support area, setting off a new leg lower? Key support: $67 - $66.50. As always, traders must remain vigilant and stay abreast of the latest updates from OPEC and geopolitical influences, as these factors can significantly impact the market. Good trading from Eightcap.
EIGHTCAP:USOUSD
by Eightcap
USOIL Will Go Higher From Support! Buy! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 67.101. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 68.230 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:USOILLong
by SignalProvider
2