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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

Oil Drop Short Position Greetings Traders this is my idea on Oil and it is a Long shot for a Short. This is my explanation: On the 4H chart of WTI crude oil, we can observe a well-defined downtrend that began near the $72.50 level. After a sharp sell-off, price entered a brief accumulation phase and has now pulled back into a previous support zone — now acting as resistance — offering a prime opportunity for trend continuation. 🔑 Key Technical Zones: 🟥 Beginning of a Downtrend: Around $72.50 – local top and start of bearish momentum. 🟧 Breakdown Zone: Around $59.00 – key support turned resistance after a strong breakdown. 🟦 Accumulation Zone: Around $62.00–64.00 – consolidation phase before continuing lower. ✅ Retracement Area (Green Box): Around $60.00–60.25 – previous support now acting as resistance; ideal zone to re-enter short. 🔵 Target Zone: $53.30 – projected next support level and target for the short position. 🎯 Active Short Position: Entry: $60.00 Stop Loss: $61.20 (above retracement zone) Take Profit: $53.30 Risk/Reward Ratio: ~1:4.5 After a confirmed bearish structure, price pulled back into the retracement area, which previously acted as support. This area is now likely to serve as resistance, and price rejection here aligns with a high-probability trend continuation trade. The target for the short is set at $53.30, which corresponds with the previous swing low, while the stop loss is positioned safely above the rejection zone to avoid false breakouts. 📈 Conclusion: This setup reflects a textbook lower high formation within a strong downtrend, offering a clean structure and favorable risk-to-reward ratio. Watching closely for bearish confirmations within the retracement zone to validate momentum continuation. Dear Traders like,comment let me know what do you think?
PEPPERSTONE:SPOTCRUDEShort
by Zaks_ForexRules
WTI Crude Oil Testing Major Resistance – Will $64.260 Hold or CrPrice has surged sharply from the $55.931 🔽 support zone, climbing nearly 14% and is now approaching the key $64.260 🔼 resistance area. This level has held twice before, making it a significant short-term barrier. Currently trading at $63.83, with Support at: $60.000 🔽, $55.931 🔽 Resistance at: $64.260 🔼, $67.000 🔼, $71.101 🔼 Bias: 🔼 Bullish: A clean breakout and retest above $64.260 could open the door toward $67.000 and even $71.101. Strong momentum favors buyers for now. 🔽 Bearish: Rejection at $64.260 may lead to a retracement back toward $60.000 or even $55.931 if sellers step in strongly. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
EASYMARKETS:OILUSD
by SPOT_FX
USOIL bullish projection, expecting price to rise after pullbaCKInstrument: CFDs on WTI Crude Oil Timeframe: 2-hour (2h) Current Price: Around 69.35 USD Indicators: Moving Averages: Two are visible (likely 50 and 200-period EMAs) Fibonacci Levels: Retracement levels marked Key Zones: Resistance Zone (Red box): Around 63–65 USD Support Zone: Around 61–62 USD Price Action: There was a significant downtrend, followed by a double bottom/reversal. Price has broken above previous resistance and is now retesting the breakout zone. Trade Setup: Entry Zone: Around 63.10 USD Target Zone: Around 69.11 USD Stop Loss: Near 61.87 USD (based on the support zone/Fibonacci 0.5 level) The green box suggests a bullish projection, expecting price to rise after a pullback and retest. Interpretation: This chart implies a bullish setup, where the trader expects: A minor retracement to the highlighted red resistance-turned-support zone. A continuation toward the target at 69.11 USD. The risk-reward ratio is favorable if the entry occurs near the zone outlined.
TVC:USOILLong
by Johnson67
USOIL prediction for Tue the 13th of MayApologies about not sharing predictions recently. For today, I can see the USOIL has reached a beautiful supply that has a FVG inside of it. My prediction is that the price might reverse for a short correction. If you are day-trading, that might be a good opportunity. ⚠️ Disclaimer: This idea reflects my personal analysis and bias. It is not financial advice. Always do your own research, apply risk management, and trade only when you have clear confirmation. Protect your capital first.
FX:USOILShort
by V-E-R-U-M
WTI OIL Buy and sell levels within its Channel Down.WTI Oil (USOIL) has been trading within a Channel Down pattern on the 1D time-frame. The price is now rising having priced its most recent technical Lower Low. Every Lower High rejection happened either on or above the 1D MA200 (orange trend-line). With the current rebound looking similar to September - October 2024, we expect a 0.786 Fib and 1D MA200 test at $68.50 (buy) and then reversal to a minimum -17.30% decline to $57.00 (sell). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTI
by TradingShot
1
USCRUDEOIL - Potential BuyHi Traders, hope this will help your view of the market regarding CMCMARKETS:USCRUDEOIL BIAS: BUY Logical Analysis: SELLER gave a big discount from 3rd of April (72.00) till 9th of April (56.00). It was fast and healthy. BUYER agreed to buy at 60.00. Business is on around that 60.00 level. I am bias to buy because i believe the BUYER is in control and want to buy more and the SELLER is not giving a discount because the BUYER is keen to buy high. Technical Analysis: See Chart :) Good Luck!
CMCMARKETS:USCRUDEOILLong
by tarati.lorenzo
WTI Oil H4 | An overlap support at 38.2% Fibonacci retracementWTI oil (USOIL) could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 60.44 which is an overlap support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 57.60 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement. Take profit is at 63.42 which is a multi-swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:USOILLong
by Tradu
Crude Oil Dipped: Downtrend Could ResumeFenzoFx—Crude oil has begun consolidating around $63.5, a resistance level aligned with the 78.6% Fibonacci retracement. Selling pressure has resulted in a long-wicked bearish candlestick pattern at this level. The primary support level stands at $61.45. A break below this threshold could trigger a new bearish wave, potentially driving the price toward the $60.20 support, reinforced by the 50-period simple moving average. However, the primary trend remains bullish as long as the price holds above the $60.20 support.
TVC:USOILShort
by FenzoFxBroker
USOIL Today's strategyThe short-term trend of USOIL hit a new high, reaching around $63.5 before falling back and adjusting. The oil price broke below the moving average system, and the objective short-term trend direction has entered a transformation. In the MACD indicator, the fast and slow lines crossed below the zero axis, and the bearish momentum is quite strong. It is expected that after the oil price in the day falls back in line with the trend, it will obtain support near 60 and then rebound upwards. USOIL sell@62-62.5 tp:61-60.5 I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
TVC:USOIL
by H_C_01
USOIL | 4H | SWING TRADING Good morning, dear friends Due to high demand, I’ve prepared a USOIL analysis for you. My target level is set at 63.600. Once my target is reached, I’ll be sharing updates under this post. Dear friends, your likes are always my biggest motivation to keep sharing analyses. That’s why I kindly ask each of my followers to show their support—please don’t hold back on the likes. I sincerely thank everyone who supports me with their likes. It truly means a lot
FX:USOILLong
by TraderTilki
2
Oil Price Reversal? Why I’m Bullish on WTI Right Now! 🛢️ WTI crude oil is showing renewed bullish momentum. This move is backed by a shift in sentiment following the recent U.S.–China tariff truce and positive trade headlines. While OPEC+ supply increases and elevated inventories remain headwinds, surprise U.S. crude draws and strong jet fuel demand are tightening the market. I’m watching the current retrace. As always, keep risk tight—oil can turn fast! 🚀🛢️📈
TVC:USOILLong
by fxtraderanthony
Crude oil trend todayInternational oil prices continued last week's upward trend. Brent crude oil futures rose 27 cents to $66.06 per barrel; WTI crude oil futures rose 28 cents to $63.5 per barrel. OPEC+ plans to accelerate the pace of production increase from May to June to meet market demand. However, according to market surveys, the production of the organization in April instead saw a slight decline. The expected production increase has, to a certain extent, curbed the room for oil prices to rise. The United States and Iran concluded nuclear negotiations in Oman and plan to continue consultations. If an agreement is reached, the return of Iranian crude oil supply will increase global supply pressure, which may push down oil prices. In addition, data shows that the number of active oil and gas drilling rigs in the United States last week dropped to the lowest level since January this year, reflecting that U.S. energy companies remain cautious about the future market. Crude oil showed a volatile upward trend, and the oil price broke through the previous high, reaching the expected price. The oil price has formed a three-wave structure. If the subsequent adjustment does not break through the channel, there is a high probability of a continuation of the bullish trend. The increase in crude oil has approached the previous wide-range oscillation pressure level. Whether it can break through still requires some tug-of-war. In terms of operation, it is considered to lay out long positions on the pullback as the main strategy, with short selling at highs as a supplementary strategy. Pay attention to the resistance at the range of $63.5-64.5 per barrel, and the support at the range of $62.2-61.1 per barrel. you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
TVC:USOILLong
by HilaryBloomer
Crude oil gains could be limited. Here's whyAlong with other risk assets, crude oil has had a positive day, albeit a much quieter one compared to the major indices. It has been held back in part by the dollar also finding good support. So, I think a large part of the rally today in WTI is just a function of the market pricing in higher demand because of lower tariffs. Thus, it is the removal of a bearish factor driving prices higher, which could be factor for a while yet as market finds a new equilibrium. The underlying issue of an oversupplied market is what will ultimately determine oil prices. On that front, you have the OPEC ready to release more withheld supplies as it doesn’t want to lose more market share to non-OPEC producers. Thus, the upside linked to a brighter demand outlook should be capped. So, while I do think prices may rise a little further, I don’t think that we will see significantly higher prices with the current state of supply picture. I wouldn’t be surprised if $70 turns into resistance now on Brent, or if WTI holds this shaded yellow resistance range you can see on this chart around $65 area. By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:USOIL
by FOREXcom
USOIL Is Going Down! 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 on a crucial zone of supply 63.388. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 57.927 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILShort
by SignalProvider
1