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.
OIL_CRUDE trade ideas
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.
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).
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USOILUSOIL is in a correction phase. If the price can stay above 61.5, it is expected that the price will rebound. Consider buying in the red zone.
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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!
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.
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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.
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
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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.
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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! 🚀🛢️📈
Fridays BULL RUN CONTINUATION, Sunday EntryFridays entry at Break of POi(Point of interest) 59.892
Entry 2: Sunday Night 10pm
price retested previous high 61.084
Previous high, turned into new price Low
SetUp: Retest, Break + CLose of 1hr wick (61.281
Entry:
stops below hourly Low (60.970]
TP: 63.135 : filled @ 3am EST London Session Open
+174 pips banked
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.
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
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.
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OIL Looks Poised to Rise to $63 OIL Looks Poised to Rise to $63
According to a prestigious news agency, oil prices rose slightly, after rising by about 3% in the previous session, while trade tensions between major oil consumers, the US and China, showed signs of easing and Britain announced an “exceptional” trade deal with the United States.
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The truth is that this is a huge misinformation because no one mentioned the growing conflict in the Middle East this week. On the one hand, we have Israel, which has struck Yemen and is claiming to resume its operation in Gaza.
On the other, India and Pakistan are engaged in their worst conflict in two decades, with reports of warplanes being shot down.
The growing conflicts could push oil prices even higher, driven by fear of uncertainty.
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From a technical point of view oil just broke out from a strong structure zone today. If the price holds above the zone I labeled on the chart near $60 we should see OIL price rising near to the next zone $61.8 and 63 - 63.20
You may find more details in the chart!
Thank you and Good Luck!
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The price has a strong bearish momentum, could it drop further?WTI Oil (XTI/USD) is rising towards the pivot, which acts as an overlap resistance and could reverse to the 1st support, which is a pullback support.
Pivot: 65.43
1st Support: 55.63
1st Resistance: 71.37
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US-Oil will further push upside After Testing TrendlineAt present, the price of crude oil is above the key technical level, and the geopolitical sentiment has also become more favorable, so the short-term outlook for crude oil is bullish. If the upcoming Sino-US meeting leads to a relaxation of trade tensions, the upward momentum is likely to accelerate. Unless OPEC+ unexpectedly increases the supply, the target for the next few trading days may be set at $63 and higher. Crude oil opened lower this week and then rebounded. The weekly candlestick closed as a large positive candlestick, approaching the resistance of the 5-week moving average. On the daily chart, after the second pullback, the price rebounded upwards without breaking the low point. $64.80 is a key watershed. Below this level, there is still a possibility of a bearish trend. In the short term, the trend is bullish. Overall, it is expected to rise first and then fall next week. Pay attention to the resistance at $63.50 and go short, and set the stop-loss with the position of $64.80 for a bearish outlook.
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.