US CRUDE OIL(WTI): Price Action Trading📈USOIL may experience a reversal from an important daily support level. The formation of a cup & handle pattern and a breakout above its neckline on a 4-hour chart suggest that the price is likely to rise. The target price is 68.50.Longby linofx1101021
OIL Testing 6 Month LowOIL Testing 6 Month Low OIL Analysis Yesterday, OIL tested a very strong area dating back six months to September 10, 2024. OIL reached $65 per barrel after a long time. The market reaction was strong, pushing the OIL price up again to $67.3, an increase of nearly 1.7%. Impact of U.S. Tariff PoLongby KlejdiCuniUpdated 101069
USOIL Bearish Momentum - Will It Reach 64.40?TVC:USOIL has broken below a key support zone, which has now flipped to resistance, aligning with a potential bearish continuation. The recent retest of this level held successfully, indicating strong seller interest and reinforcing the bearish outlook. With momentum favoring the downside, the nexShortby DanieIMUpdated 888
USOIL BUY PositionChart and lines talk to you... Manage your risk... R/R4 or more... Do you think does it worth to risk on this position?? Longby MJElahifx8817
Had this planned out for weeks, Finally time Been watching this since about $73 and drew this up and had a lot more fair value gaps ut the 68.68 was a number that lined up in a FVG and on the trendline.. Could have went to the lower one but felt safe here with a SL at $67 possibly losing the trendline. 4hr or 1 day chart. Data seemed consisLongby Lunchable69Updated 8812
$CL_F: Oil forecastIt looks like energy is going to get cheaper after all, over time this can result in stimulus for the economy as prices fall, once they've fallen enough. The effect will be felt with some lag lasting a few months though. Best of luck! Cheers, Ivan Labrie.Shortby IvanLabrie779
WTI CRUDE OIL: Major bullish signal on 1W.WTI Crude Oil turned oversold on its 1D technical outlook (RSI = 30.839, MACD = -1.280, ADX = 30.692) as it entered the 2 year S1 Zone. This is where all major rebounds took place. In the meanwhile a 1W RSI below 40.000 (like now) has been the strongest buy signal in the same period of time. Buy andLongby InvestingScope1126
Oil bullish scenarioOil is on a big test in the $68.50 zone. With a break above, the chances for a retest of the $70.00 level increase. A little higher in the $71.00 zone, the EMA 200 moving average is approaching, which was an obstacle to further oil price recovery on the previous two occasions.Longby Aleksin_Aleksandar449
Hellena | Oil (4H): SHORT to the area of 64.00 (Wave C).Colleagues, at the moment we see a situation where it is difficult to determine the end of the movement. Wave “C” is not completed and I believe that we should expect the continuation of the downward movement. I do not set distant targets, so I expect the price to reach the area of 64.00. A correctShortby Hellena_TradeUpdated 2218
USOIL Potential UpsidesHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 66 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 66 support and resistance area. Trade safe, Joe.Longby JoeChampion1114