USOIL IS ON SUPPORT ZONE?Currently Usoil is in support zone we will see pump from this levels that i mentioned in chart so be carefull with your trades and avoid short usoil becouse Usoil is on support.
OILUSD trade ideas
US Oil Market Outlook: Bearish Momentum Indicate Further DeclineThe 4-hour chart of WTI Crude Oil (TVC: USOIL) reveals a well-defined market structure transition from bullish to bearish. Initially, the price action exhibited a strong uptrend, characterized by the formation of higher highs (HH) and higher lows (HL). However, a break of structure (BOS) marked the onset of a reversal, leading to the emergence of lower highs (LH) and lower lows (LL), confirming the shift to a downtrend.
A key technical observation is the presence of a price gap near the highest point, which often signifies inefficiency in the market and the potential for price retracements in the future. Furthermore, the highlighted resistance zone around the $72.49–$73.50 range has proven to be a strong supply area, repeatedly rejecting bullish attempts to break above it. This resistance, coupled with price trading below the 50-period and 200-period moving averages, reinforces the bearish bias.
The price has now breached the $71.78 level, accelerating downward momentum. The next significant area of interest lies at the identified support level around $69.36, which serves as the primary target area. If selling pressure remains dominant, further declines may be anticipated.
Volume analysis further substantiates the bearish outlook, as recent price drops have been accompanied by increased selling activity. The combination of structural shifts, resistance validation, and moving average positioning strongly suggests that the downward trajectory is likely to persist unless the price reclaims and sustains above the resistance zone.
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WTI Oil H4 | Bearish downtrend to extend further?WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 69.45 which is a pullback resistance.
Stop loss is at 70.20 which is a level that sits above the 50.0% Fibonacci retracement and a pullback resistance.
Take profit is at 68.46 which is a swing-low support.
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Hellena | Oil (4H): SHORT to the area of 68.926 (Wave C).Colleagues, price has worked the downward movement perfectly, but I believe the downward movement is not over yet.
Wave “C” is a five-wave wave and now the price is in the correction of wave “4”.
I expect the price to reach the downtrend line in the area of 72.00 level, then I expect the price to decline to the area of 68.926.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USOIL POTENTIAL LONG|
✅USOIL is about to retest a key structure level of 68.50$
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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WTI crude oil Wave Analysis – 25 February 2025
- WTI crude oil broke support zone
- Likely to fall to support level 67.00
WTI crude oil recently broke the support zone between the round support level 70.00 (which reversed the price multiple times from the start of February), the support trendline from September and the 61.8% Fibonacci correction of the upward impulse from September.
The breakout of this support zone accelerated the active short-term correction ii of the intermediate upward impulse sequence (3) from September.
WTI crude oil can be expected to fall further to the next support level 67.00 (former monthly low from December).
Oil: Awaiting Confirmation of Next MovementOil: Awaiting Confirmation of Next Movement
OIL appears poised to complete a bearish triangle pattern. However, as long as the price remains above 70.2, caution is warranted, as OIL may rise again and further develop the triangle pattern.
Should the current price level hold strong, we might see a rise to the 72 - 72.5 range before it declines again. If you believe that oil will rise, setting a stop loss below 70.20 can mitigate risks and allow trading the bullish movement within the pattern.
Conversely, if the price breaks below 70.20 or the blue zone, the bearish wave is likely to commence, potentially driving OIL down to 68.75 and 67.50.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
WTI Crude Oil (USOIL) – Bearish Momentum Below $70.49 WTI Crude Oil (USOIL) Analysis – February 24, 2025
WTI Crude Oil is currently trading at $70.18, and as long as the price trades below $70.49, the bearish momentum remains dominant.
🔻 Bearish Scenario (Active)
✅ The price failed to reclaim the pivot zone at $71.78, leading to continued selling pressure.
✅ A confirmed break below $70.49 indicates a potential drop toward $68.53 and $67.03 as the next bearish targets.
✅ The monthly support trendline around $67 - $68 will act as a key level to watch for a potential reaction.
🔹 Bullish Reversal (Invalid Unless Above $71.78)
⚠️ If the price closes above $71.78, we could see a potential pullback toward $72.72 and $75.00.
⚠️ However, the trend remains bearish while trading below $70.49, meaning any bullish movements will likely be corrective bounces rather than a full reversal.
📌 Key Levels to Watch
🔹 Resistance Levels: $71.78 | $72.72 | $75.00
🔹 Pivot Zone: $70.49
🔹 Support Levels: $68.53 | $67.03 | $66.20
🚨 Directional Bias: Bearish as long as the price stays below $70.49. Expect further downside pressure toward $68.53 - $67.03.
WTI on high time frame
"Hello traders, focusing on WTI, the price has hit the daily order block at $73.5 and experienced a strong rejection on the 4-hour chart. The price has broken below the trend line and is indicating potential downward movement during the Asian session today. It's important to note that there is a CPI news release during the U.S. session today, so exercise caution in your trading decisions."
If you have any specific questions or need further assistance with your message, feel free to ask!
WTI : Oil, the most accurate indicatorHere we go again.
Most risk assets are falling.
It is time to watch this MOST important indicator.
Good luck.
USOIL chart Anylisis 1Hour check captain USOIL chart Anylisis 1Hour idea 💡
Trade at own your risk use proper money management
USOil updateHow are you my friends?
I talked about this chart before at 80 and that the decline does not mean a collapse
This is the result of my words and as I saw it I was with you in the rise before to 80 approximately then with you in the decline then the rise again in the coming days
Today we saw the level of 70.380
And we notice that it will touch the blue diagonal line
Then the line will be broken, we will see more decline
And we will soon see areas below 70
We will update the markets soon
USOILWest Texas Intermediate Oil price continues its upward momentum for the second consecutive day, trading around $70.90 per barrel during European hours on Tuesday. Crude Oil prices are rising as fresh United States sanctions on Iran’s Oil trade heighten concerns about tighter global supply.
WTI rises to near $71.00 following fresh US sanctions on Iran’s Oil
Oil big down check caption before and aftertechnical analysis of WTI Crude Oil on a 30-minute timeframe. The chart includes support and resistance zones marked in blue, trendlines, and price action patterns. The trader identified a short trade setup, targeting 69.89, with the price moving downwards as anticipated. The annotation "Target complete done" indicates that the trade successfully reached its target.
Bearish reversal off pullback resistsance?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support which is a pullback support.
Pivot: 71.85
1st Support: 70.11
1st Resistance: 72.91
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WTI Oil H1 | Bearish momentum gaining further tractionWTI oil (USOIL) could pull back towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 70.89 which is a pullback resistance.
Stop loss is at 71.35 which is a level that sits above the 38.2% Fibonacci retracement and a swing-high resistance.
Take profit is at 70.11 which is a multi-swing-low support.
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 (www.fxcm.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 (www.fxcm.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 Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USOIL TRADING IN A NARROW RANGE BOUNDPrice of usoil is currently in a range bound market condition as we see from the H4 timeframe. A rebound at the support level fosters the possibility of price trading bullish away from that zone . A buy opportunity is envisaged
USOIL (WTI)USOIL Technical Analysis – Key Support and Resistance Levels
USOIL (WTI Crude Oil) is currently trading near a strong support level at $70.00. This level has acted as a significant price floor, preventing further declines and indicating strong buying interest. The recent price action suggests a potential bullish move if the support holds.
Bullish Scenario:
If the price remains above $70.00, we can expect an upward movement toward the next resistance levels.
The first key resistance is at $71.200, where previous price action has shown selling pressure. A break above this level could confirm short-term bullish momentum.
If buying pressure continues, the next target would be $72.600, which is a stronger resistance zone where sellers might step in.
Bearish Scenario:
If USOIL fails to hold above $70.00 and breaks below it, this could signal further downside movement.
US OIL LONG POSITION Crude oil Price Gave me a good Bullion sign at the open of the market this new week, which I took and currently in good profits, after the dump and consolidation of last week.
Although Price seems to be getting choppy at resistance, we'll see how long we can ride on this one.
WTI Oil Analysis and Trade Idea📊 Dive into a detailed technical analysis of WTI Oil as we explore monthly, weekly, and 4-hour levels, liquidity zones, and potential trading setups. Not financial advice.
Supply and Demand DynamicsIncreases in U.S. crude oil production: The U.S. has been a significant contributor to global oil supply, and continued production growth can put downward pressure on prices.
USOIL My Opinion! BUY!
My dear friends,
Please, find my technical outlook for USOIL below:
The instrument tests an important psychological level 70.18
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 71.58
Recommended Stop Loss -69.44
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Oil Trend soon Big downOil* trading in an upward channel with recent price action moving down towards the buy zone around 70.00. There are resistance levels near 71.80 and 71.00, where price had previously faced rejection. The target for this setup is around 69.89, expecting a potential drop from the current price. Watch for a bounce from the buy zone and a possible move toward the target.
