USCRUDEOILCFD trade ideas
Oil: Is the Downtrend in Oil Coming to an End?
In the previous analysis, the rise in oil prices was examined. As observed, after breaking the multi-week consolidation zone and retesting it, oil prices climbed. We anticipate a similar scenario could unfold again, with a break of the historical descending trendline followed by a retest. For a better entry into a buy position, it is advisable to wait for this price correction.
USOIL PredictionWelcome to our trading analysis! It’s great to see dedicated traders like you pursuing success with focus and determination. Trading is not just about profits—it’s about learning, adapting, and growing with every market movement. Today, we’re analyzing USOIL, which is currently trading at $74, with a bullish target of $100. The market is forming a falling wedge pattern, a classic bullish setup signaling a potential upward breakout. Before the price reaches the target, it needs to confirm a breakout from this wedge, which will mark the beginning of a strong rally. This pattern indicates a high reward-to-risk opportunity for traders who patiently wait for the breakout confirmation. Watch for strong volume and momentum during the breakout phase, as these are critical indicators of strength. Stay focused, trust your analysis, and remember that consistency and discipline are the keys to long-term trading success.
AB=CD completed in Oil 4hr Was bullish at C and the take profit objective was reached at D. The CD leg is a 1.618 extension of the AB leg.
Looking for a sell if the top Gann resistance holds, target will be at least a 38.2% retracement of the bullish swing.
Looking for a coiling pattern to validate a buy when Gann resistance is broken to continue bullish move up.
Always Trade What You See and practice good money management...🍻
USOIL 🛢️ WTI Crude Oil (USOIL) 1H Chart Analysis
Price is consolidating around key demand zones at $7,261.5 and $7,270.2, showing potential for a bullish bounce. A break above $7,353.3–$7,364.8 could confirm upward momentum.
🛠️ Plan:
Bullish Bias: Buy near the demand zones with targets at $7,353.3 and $7,364.8.
Bearish Scenario: A break below $7,261.5 may indicate further downside pressure.
Monitor for price action and confirmation signals!
💎 FXFOREVER – Turning market opportunities into profits.
USOIL - looking bullish in daily chartHello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest trading strategy on what we see price movement on the chart. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
WTI - 2025 Q1 Forecast - Technical Analysis & Trading Ideas!💡 Midterm forecast: (Daily Time-frame)
While the price is above the support 64.00, resumption of uptrend is expected.
Technical analysis:
A trough is formed in daily chart at 66.51 on 11/18/2024, so more gains to resistance(s) 75.44 and maximum to Major Resistance (77.92) is expected.
Take Profits:
68.80
72.27
75.44
77.92
80.10
83.96
87.00
93.80
100.80
109.19
126.35
💡 Short Term forecast: (H4 Time-frame):
The bullish wave is expected to continue as long as the price is above the strong Support at 70.53
Forecast:
1- Correction wave toward the Buy Zone
2- Another Upward Impulse wave toward Higher TPs
SL: Below 70.53
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WTI Crude Oil: Bullish Reversal and Key LevelsTVC:USOIL WTI Crude Oil: Bullish Reversal and Key Levels
Analysis:
The chart displays the 4-hour price action of WTI Crude Oil (TVC: USOIL) with multiple technical indicators and annotations. The price is currently at $74.01, showing a slight decline of 0.35%. The chart includes the following elements:
Price Action and Trend Lines:
The price has been moving within a descending channel, with recent price action suggesting a potential breakout.
There are several horizontal support and resistance levels marked by green and blue dotted lines.
Smart Money Concepts (SMC):
Multiple "Choch" (Change of Character) annotations indicate potential shifts in market structure.
The price is currently near a significant support level around $70.48, suggesting a potential area for accumulation.
ICT Elliott Wave:
The chart shows potential Elliott Wave patterns with Fibonacci retracement levels (0.618 at $72.35 and 0.786 at $72.05) indicating key levels for potential reversals.
Indicators:
RSI (Relative Strength Index): The RSI is at 71.17, indicating overbought conditions but also suggesting strong bullish momentum.
Volume Profile: The volume profile on the right side shows high trading activity around the $70.48 to $74.01 range, indicating strong support and resistance zones.
MACD (Moving Average Convergence Divergence): The MACD histogram shows green bars, indicating bullish momentum.
Buy Strategy:
Entry: $72.05 (near the 0.786 Fibonacci retracement level)
Take Profit 1 (TP1): $74.01 (current resistance level)
Take Profit 2 (TP2): $76.00 (next significant resistance level)
Stop Loss (SL): $70.48 (below the recent support level)
Sell Strategy:
Entry: $74.01 (current resistance level)
Take Profit 1 (TP1): $72.05 (0.786 Fibonacci retracement level)
Take Profit 2 (TP2): $70.48 (recent support level)
Stop Loss (SL): $76.00 (above the next significant resistance level)
Follow @Alexgoldhunter for more strategic ideas and minds
This detailed analysis utilizes Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies to formulate comprehensive buy and sell strategies. The indicators, such as Fibonacci retracement levels, RSI, and MACD, support the analysis and identify key levels for entry, take profit, and stop loss.
crudeCRUDE
MTF Analysis
CRUDEYearly Demand 39.5
CRUDE 6 Month Demand 41.2
CRUDEQtrly Demand BUFL 74.3
CRUDEMonthly Demand 77.3
CRUDEWeekly Demand 70.3
CRUDEDaily Demand DMIP 69.8
ENTRY -1 Long 70.3
SL 63.5
RISK 6.8
Target as per Entry 111.6
Last High 87.6
Last Low 63.6
ENTRY -2 Long 69.8
SL 63.5
RISK 6.3
Target as per Entry 111.6
Last High 87.6
Last Low 63.6
Crudeoil...Next target 78 -80 Dollers but after Retracement ..!!US Oil has shown good momentum as expected....Broken Very Strong Level of 72.5 Doller as expectations and has hit the target of 74 dollers mentioned in previous idea....As we can see it is going up from last 5 days , has not taken any retracement for which most of the buyers are waiting for. Expected move on monday Red Box is a retracement level. Lets hope for the best to see the new Rally till 78-80 dollers after touching a levels of Red Box.
Oil to 40?Is oil in a descending triangle that will send the price in direction of 40$?
I guess the next couple of weeks, and a trendroof will tell.
WTI crude oil Wave Analysis 3 January 2025
- WTI crude oil broke resistance area
- Likely to rise to resistance level 76.00
WTI crude oil rising sharply after the earlier breakout of the resistance area located between the key resistance level 72.25 (top of the previously broken daily Triangle) and the 50% Fibonacci correction of the previous downward impulse 1 from October.
The breakout of the resistance area accelerated the c-wave of the active ABC correction 2 from the middle of November.
WTI crude oil can be expected to rise to the next round resistance level 76.00 (former resistance from October and the target price for the completion of the active wave 2).
OIL Long1)Trend defined. 4h uprend.
2)Contradictory limit entry order. Right at the last point of stall.
3)Default loss. Just below this 15 min range.
4)Default target level. 4.05.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
Oil Bulls Go for the Break into Yearly OpenOil prices are threatening a major breakout here after clearing resistance yesterday at the objective 2024 yearly open near 72.14 .
The focus is on todays close with respect to the 61.8% retracement at 73.90 . A daily close above would keep the focus on a possible rally towrads the 78.6% retracement at 75.89 and the October high-close at 77.25 - note the highlighted slope confluence (look for a larger reaction there IF reached).
Initial support back at 72.14 with bullish invalidation now raised to 71.02 .
MB
WTI PRZ on 4H chart
WTI
OIL has price reversal zones
i am waiting for a confirmation to take a position.
Will Iran's Nuclear Ambitions Redefine Global Energy Markets?In a world where geopolitical tensions and energy markets dance an intricate waltz, the latest developments surrounding Iran's nuclear program have emerged as a pivotal factor in global oil dynamics. The Biden administration's deliberation of military options against Iranian atomic facilities has introduced a new variable into the complex equation of international energy markets, forcing investors and analysts to reassess their traditional market models.
The strategic significance of the Middle East's oil infrastructure, particularly the Strait of Hormuz, hangs in delicate balance as diplomatic chess moves unfold. With approximately one-fifth of the world's oil supply flowing through this crucial chokepoint, the stakes extend far beyond regional politics, touching every corner of the global economy. Market participants have begun incorporating these heightened risks into their pricing models, reflecting a new reality where geopolitical considerations carry as much weight as traditional supply and demand metrics.
The energy sector stands at a crossroads where strategic petroleum reserves, investment strategies, and risk management protocols face unprecedented challenges. Portfolio managers and energy traders must navigate this complex landscape while balancing short-term volatility against long-term strategic positioning. As the situation continues to evolve, the global oil market serves as a mirror reflecting the broader implications of international security dynamics, challenging conventional wisdom about energy market fundamentals and forcing a reevaluation of traditional risk assessment models.
USOIL Will Move Lower! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 72.837.
Considering the today's price action, probabilities will be high to see a movement to 68.454.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USOIL - high placed? holds or not??#USOIL... perfect move as per our analysis and mentioned resistance.
keep close that resistance region guys because if market hold it in that case we can expect a drop from here.
dont be lazy here.
good luck
trade wisely
CRUDE OIL ( WTI )Why did I take this trade. Price respected our trendline channel for sometime on high TFs. However, on the 30 M, we saw a bullish engulfing that changed the manner of the long term trend. Executed trade on 1H and currently in profit
03.01.25 Morning ForecastPairs on Watch -
FX:CADCHF
TVC:USOIL
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
USOIL Trade SetupHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
WTI/USD on daily
"As mentioned in my recent analysis, the price of oil could potentially surpass $75."
Oil Heading Higher in the Short TermOriginally, I thought this move up would be short and target somewhere along the 50 % area of the previous impulse down but it has ended up proving me wrong. Looking at how aggressive the rally has been since Dec 26 we can take an interpretation that wave B/X took the form of a triangle. This allows us to recalculate our likely zone for this move to end at the price of 74.75 which would give us equality in distance travel between waves W and Y, Of course, the price could push past this area, and for that purpose Im considering the absolute point of invalidation for this scenario at 79.10 and granted there is a wide margin from the current price to the indicated protective stop but if the move down gets going there is reason to believe we will go down to the 65 dollar mark and past it, still affording a favorable risk-reward. I have still not taken a position but will update when it looks more favorable to do so.
Happy Trading :)
