OIL_CRUDE trade ideas
Primary and secondary rhythm: sudden drop in crude oil pricesLast week, OPEC announced a new compensation plan to offset previous overproduction. Under the plan, eight affected countries plan to reduce production by a total of 457,000 barrels per day by mid-2026, failing to sustain a short-term rise in oil prices.
Crude oil's short-term trend hit strong resistance near 64.90 and fell, with the decline erasing the gains of the previous three trading days. The MACD fast and slow lines remain within bearish momentum, indicating abundant downward momentum. From the perspective of primary and secondary rhythms, the decline in the North American market yesterday formed a primary downward trend, while the weak rebound in early trading today represents a secondary rhythm. According to the law of primary-secondary alternation, crude oil is expected to continue to decline today, breaking below the 61.50 support level and testing 60.
USOIL
sell@62.8-63.3
tp:61.5-61
I hope this strategy will be helpful to you.
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Shorting the USOIL Looking at the longer trajectory of the Oil chart, I am not too bullish and optimistic about its future.
Weekly chart reveals it is still trending down in the channel with mid Jan this year giving the bulls a false hope only to falls further south. I expect the price to slightly moves up to the resistance level (OR higher to create a bull trap) at 66.08 before it comes down again. My profit target is around 51.54.
The risk/reward ratio looks good to me. Always have a STOP LOSS no matter how confident you think you are in your charting. IT is still based on probability from historical patterns and it may or may not repeats itself........Nothing is 100% certain in today's volatile market.
Please DYODD
Can oil prices continue to be shorted? Of courseSaudi Arabia made a major strategic shift, willing to accept low oil prices and unwilling to cut supply.
Oil prices fell sharply as a result.
It is expected that oil prices will hit 55-56 in the short term, so the operation is still mainly shorting oil prices. Overcapacity.
Concerns about demand limit the upside potentialCrude oil lacks upward momentum, with the target pointing to $60.
USOIL
sell@62.8-63.3
tp:61.5-61
I hope this strategy will be helpful to you.
When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
USOIL BEARISH BIAS RIGHT NOW| SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 63.13
Target Level: 61.78
Stop Loss: 64.03
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Oil - Short Term Sell Trade Update!!!Hi Traders, on April 17th I shared this idea "Oil - Looking To Sell Pullbacks In The Short Term"
I expected to see bearish continuation until the two Fibonacci resistance zones hold. You can read the full post using the link above.
The price is currently holding in the first Fibonacci resistance zone.
Until both the Fibonacci resistance zones hold my bearish view still remains.
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USOILOil shows price moving between a clear support level and a strong order block resistance above. Currently, price is trading inside a resistance zone around 63.25.
The chart indicates a potential bullish move, targeting the 64.22 level, where the order block resides.
Key Technical Points:
- Support Level: Strong demand area near 62.00.
- FVG (Fair Value Gap): Gap filled below current price.
- Resistance Zone: Price facing resistance around 63.00-63.50.
- Order Block: Major target area near 64.22.
Target Projection: $64.22
Outlook:
If buyers sustain momentum above the resistance zone, we could see a rally toward the 64.22 target at the order block. Confirmation of a breakout and retest would strengthen the bullish bias.
Would you like me to also create a quick short caption for social media posting?
USOIL Long Idea#USOIL
Under current market conditions, the area near 62.28 has been identified as a critical support zone, where the AI model detects a high-probability trade setup.
From a technical perspective, a clear directional bias based on recent price action patterns. If the market demonstrates increased volume and price stability above key moving averages in the 62.28 area, traders are advised to monitor for trend-continuation entry opportunities in alignment with the prevailing momentum.
Profit targets are defined at 63.67 and 64.86, corresponding to logical technical resistance zones. These levels are designed for staged profit-taking across different trade management styles. Stop-loss should be strictly enforced at the designated level; once breached, the strategy is considered invalidated in order to limit potential downside.
MAY 1-1-1 TRADING CHALLENGEI’ve been thinking about how messy trading can get.
One day you're watching a video on scalping, the next you're trying to swing trade five different pairs. Then before you know it, your screen is cluttered with a million indicators, your confidence is shot, and your results? Even worse.
So for the month of May, I’m doing something different.
I’m calling it the 1-1-1 Challenge
1 Mentor. 1 Instrument. 1 Setup.
For me, that means:
- I’m sticking with Tori as my mentor. No other videos, no mixed signals.
- I’m focusing only on Crude Oil. That’s my chart, my market.
- And I’m trading only Trendline Breaks. Clean and simple.
That’s it. Pure focus. Pure discipline.
Let’s see what happens when I stop trying to trade everything — and start mastering one thing.
If you’ve been feeling the same kind of overwhelm, maybe this challenge is for you too.
Want to join me in May?
Let’s go all in:
1 Mentor
1 Instrument
1 Setup
I'll be sharing my progress and documenting my journey here. Follow me!
Concerns about demand limit the upside potentialYesterday's strategic analysis noted that U.S. sanctions on Iranian oil exports limited crude oil's upside, though short-term rebounds occurred. Combined with the U.S. plan to zero out Iranian energy exports, short-term news-driven oil price gains primarily reflect supply disruptions and sentiment repair rather than fundamental improvements.
While U.S.-Iran sanctions and OPEC quota adjustments may trigger periodic tensions, intensified global trade concerns and institutional downward revisions to demand forecasts will cap the upside potential of oil price rebounds.
USOIL
sell:64.5-65
tp:63-62
I hope this strategy will be helpful to you.
When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
COLLECTING CONFLUENCE across multiple timeframes is your job!!!!All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
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Why Oil Could Gap Down on Monday▫️ Context
Amid ceasefire news 🕊️ and my dissatisfaction 😤 with the previous wave count, I spent 3 hours ⏳ searching for options with a sharp drop on Monday ⬇️.
▫️ What I Found
1️⃣ Complex Wave Count 🧩: To understand the wave logic, zoom in 📊.
2️⃣ Elliott Wave Rules 🧠⚡: Interpreting them correctly is like soldering a circuit board without instructions 🔧.
3️⃣ Why Now? 🌟: It’s nearly impossible during the week (market volatility + time pressure), but weekends are perfect 🛋️.
▫️ Takeaways
→ Glad we held short positions over the weekend 🤞.
→ News is overwhelmingly positive 📰 (but bearish for oil due to tariffs).
→ In a correction, keep positions aligned with the trend.
Oil’s Red-Hot Crash: the Iranian Trigger? 🛢️☕ #OilisMyCoffee | 📐 #TechnicalAnalysis
The most frustrating thing is when the market follows the script, but your account is in a drawdown 😭 Corrections are sneaky 🐍 Mid-week, I leaned toward the red scenario 🔴 (see last week’s chart), but the market suddenly shifted to black ⚫️.
Now the uncertainty: How and when will the diagonal end? I see at least 3 scenarios:
🔴 Red
⚫️ Black
🔵 Blue
Waiting for a resolution ⚡️ — so I closed positions ahead of the weekend. Iran negotiations in Rome on Saturday 🤝 With moderate progress, prices might dip slightly before surging upward ahead of a reversal next week.
What will trigger a crash? No clue 🤷 But S&P500 is also eyeing a downside after consolidation 📉 Possible triggers: U.S. market events or global financial shocks dragging oil down without geopolitics.
Weekly results:
➖ -10% on the master account
➖ Oil & gas portfolio yield dropped to 103%
🔥 Sharpest weekly drop in the account’s history
⚠️ Disclaimer:
Our analysis is food for thought 💡, not trading signals 🚫📊.
Trade with a cool head ❄️, a clear plan 📝, and your own analysis 👁️🗨️.
💬 Your predictions?
🔄 Drop your analysis below ➡️: How do you assess risks and opportunities? 🎯
USOILUSOIL price is near the support zone 62.10-60.89. If the price cannot break through 60.89, it is expected that in the short term there is a chance that the price will rebound. Consider buying in the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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Short on Oil/Back to 57$ SOONI believe we can continue the retest of previous major support level at 65-66$ and fibonacci 0.618. This major support will be flipped to resistance in my opinion. We can see a significant sell-off back towards the 57$ area and below from this location.
I will be looking to enter a short trade from the 0.618 region/66$ if there is a rejection.
My mid-term/end-of-year prediction for US OIL is between 45-50$ and possibly lower.
If you believe in the fundamentals and idea of this setup, feel free to follow and use it.
Not financial advice.
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Stop Loss 🛑:
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🏴☠️Target 🎯: 68.70
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