Us oil for buy.Price hits a weekly support zone, price bounced 3 times which signals a possible trend change. Wait for a break of the bearish trendline to the upside and a retest. Then long.
SPOTCRUDE trade ideas
Crude Oil Weekly Technical AnalysisCurrently, Crude Oil is forming a descending triangle on the weekly timeframe, with significant support at the 0.5 Fibonacci retracement level. This level is a critical point; a break below it could signal further bearish momentum. Should this support level fail, I expect the price to target the next Fibonacci levels at 0.618 and potentially down to 0.786, indicating possible continuation of the downward trend.
I will monitor for confirmation signals of a breakout to the downside, such as increasing volume or bearish candlestick patterns, before confirming a short position. However, if support holds, the triangle could consolidate further, so I will remain cautious for potential reversal signs.
My Approach
1. Weekly timeframe as a guiding framework
2. Daily for pattern confirmation
2.1. Bearish Candlestick formation below support (like a bearish engulfing or strong red candle).
2.2. Rejection candles near the descending upper resistance line (like doji or shooting star).
2.3. Increase in volume on a breakdown below support to confirm seller commitment.
2.4. Decreasing volume within the triangle as consolidation continues.
2.5. Spike in volume on a failed breakout could indicate a false move and potential reversal.
3. 4-Hour for entry
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Crude oil medium term holdOil has been consolidating for a while now, my view is for it to push down and tag us into our potential trade then anticipate a push towards our TP zone. This might take sometime but it is a good risk to reward return. Key zones are marked out in yellow which might serve as TP zones or entry zones on a break and retest.
USOIL What Next? BUY!
My dear subscribers,
My technical analysis for USOIL is below:
The price is coiling around a solid key level - 70.38
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 71.05
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
USOIL BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
USOIL pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 3H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 72.46 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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CRUDE OIL Bearish Bias! Sell!
Hello,Traders!
CRUDE OIL is already making
A bearish pullback from
The horizontal resistance
Of 72.54$ so we are bearish
Biased locally so we will be
Expecting a further move down
Sell!
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Check out other forecasts below too!
Hi, crude is following a pattern could take a support Crude is following a nice pattern also making a triangle pattern in weekly and monthly tf,
could try to takes support at the lower tl or triangle low ,will try to give important levels below
Drill baby, drill - oil price to follow down underground?Predicting the price of oil is risky business.. So many factors at play, and so many factors out of anyone’s control, influenced by world events and the actions of unpredictable players. So do your own research, base your decisions on your beliefs. Here’s my two cents.
The US president elect has stated he will open the wells on drilling, fracking and anything else that can produce oil. Increased supply - reduced price. Tension between Iran and Israel will likely soften, in the way that Iran will think twice about retaliating the Israeli attack now that a more direct person is at the wheel in the US. That being said, his takeover is still a few months away, but the sitting President has now nothing to lose. And, we are heading into winter, with reduced gasoline demand. The attached chart shows a horizontal channel, however I don’t think that is relevant in this situation. World events take the driving seat, and I believe oil price will decent going forward.
CRUDE OIL WILL GO DOWN|SHORT|
✅CRUDE OIL has retested a key resistance level of 72.50$
And as the price is already making a bearish pullback
A move down to retest the demand level below at 69.40$ is likely
SHORT🔥
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USOIL: Growth & Bullish Continuation
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current USOIL chart which, if analyzed properly, clearly points in the upward direction.
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USOIL: Move Down Expected! Sell!
Welcome to our daily USOIL prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 6.976.8$
Wish you good luck in trading to you all!
Oil. Short term sell. Long term buy.To $71 - To $68 - To the moon 🌗…..
at $68, price could go lower but need to see how price reacts. Ultimately, the bulls will win.. will update.
Oil on Demand Mode Keep on eye H1 candle movement. When It passes Simple Moving Average 200 and then 50 that means the bullish movement kicks off.
USOIL USOIL: IMO here is the point which the next upward impulse will comes . I want to buy CL with 1% risk .
Notice: Use buy stop order to find best price and lowest risk
USOIL Will Go Lower! 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 trading around a solid horizontal structure 71.22.
The above observations make me that the market will inevitably achieve 66.07 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.
Like and subscribe and comment my ideas if you enjoy them!
CRUDE OIL (WTI): Intraday Bearish Movement
Crude Oil may drop from the underlined blue resistance.
As a confirmation, I see an inverted cup & handle pattern on an hourly time frame.
Goals: 71.20 / 70.84
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CRUDE OIL (#WTI): Further Growth AheadIn the 📈USOIL chart, prices have broken through a key horizontal resistance and closed above it, signaling a potential continuation of the bullish trend.
With the current market rally, this breakout may lead to further upward movement.
We expect the bullish trend to extend toward the 73.56 - 74.61 range.
USOIL 71.85 - 0.35% MULTI-TF SET UP INTRADAY TRADEHELLO TRADERS
Hope everyone is doing great
📌 A look at The US0IL At the close of ASIA INTO THE LONDON, TO NY PM SESSION
- As we draw to the close of the week, looking for USOIL to close bullish.
* on the 4H looking for a bearish open with the close of ASIAN SESSION.
* PO3
* Push LOWER before going for HIGHER structures LQ pull.
1 HOUR TF
* Looking for the mitigation of the bullish OB+.
* FVG below has already been mitigated.
* if this structure holds, looking for long entries to close the week.
* USOIL 30M
- Waiting to trade in discounted price.
- If this happens looking for a push higher into premium.
- Most PDARRAYS are filled below so looking for a bullish close this friday.
* BASED on the price action served next session...
* We will see what does the market dish.
🤷♂️😉🐻📉🐮📈
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
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Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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LOVELY TRADING WEEK TO YOU!
WTI Oil H1 | Falling to 61.8% Fibonacci supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 71.67 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 70.55 which is a level that lies underneath a swing-low support.
Take profit is at 73.50 which is a pullback resistance.
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USOIL Is Approaching An Important Support areaHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 71.17 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 71.17 support and resistance area.
Trade safe, Joe.
CRUDE OIL (#WTI): More Growth is ComingWe spotted another breakout today in the 📈USOIL chart, as it broke through a significant horizontal resistance and closed above it.
This sets the stage for a possible bullish trend continuation. Given the current market rally, this breakout could lead to another wave of bullish movement.
We anticipate a continuation of the bullish trend towards the 73.60 - 74.62 range.
