USOIL - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key swing low and left untouched swing high.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher.
Your success is determined solely by your ability to consistently follow the same principles.
USCRUDEOILCFD trade ideas
Bullish bounce off pullback support?USO/USD is falling towards the support level that aligns with the 161.8% Fibonacci extension and the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 75.03
Why we like it:
There is a pullback support level that aligns with the 161.8% Fibonacci extension and the 50% Fibonacci retracement.
Stop loss: 73.03
Why we like it:
There is an overlap support level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 77.44
Why we like it:
There is an overlap resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USOIL POTENTIAL TRADE SETUP📢 Quick Market Update: EIA Report on FX:USOIL Crude Oil
The EIA Crude Oil Stocks Change report is out, and it caught everyone off guard! The actual figure came in at -1.017M, significantly higher than expected. This is negative for Crude, signaling potential lower prices ahead.
If you caught our last WMA announcement, you’re already prepared for this scenario. Based on the report:
🔹 Expect Crude to decline toward $73 support.
🔹 A potential bullish recovery could follow, aiming to break above the yearly descending triangle formation on the chart.
💡 Key Notes:
No open trades currently.
The fakeout is confirmed, so a dip towards yearly support strengthens confidence in our potential BUY trade.
For now, stay put and let the market settle.
📈 Once we confirm a bullish reversal or continuation, we’ll look to go long. Remember, the overall market trend remains bullish, so stick to the trend and trade smarter, not harder!
Stay tuned for further updates! 🚀
23-1 Oil: all signals are green when it comes to a long trend. Only oil reacts differently. The signals of our system show that long trend. The price of oil drops towards the 50% fib., measured from the bottom at the beginning of this year and the top on 15 Jan. We have entered a sell but keep an eye on the price in case of a pull back. The sell was executed at 76,400.
OIl and Fibonacci in trendAn excellent example of applying Fibonacci retracement levels in the calculation of where to expect the end of the pullback and the continuation of the trend. The oil price was very consistent and pullback resistance was stopped in the zone of the 61.8% Fibonacci level. Now we are waiting for the formation of a new bottom and a new pullback
Prime Buying Opportunity for Crude Oil Nearing
Crude oil is currently consolidating around the $75 level. A glance at the daily MACD reveals a close but no crossover of the MACD and signal lines. A bearish close today could signal a downturn, but a bullish close would likely see the MACD resume its upward trend.
Since its correction from $79, the price has been holding above the midpoint of the January 10th bullish candle at $74.66. This level, also coinciding with the 5-day moving average on the weekly chart, is a crucial support zone. Given the significant volume accumulated in the first week of January, this presents a compelling opportunity for aggressive swing trading.
Today's oil inventory report is expected to act as a catalyst for a bullish reversal. While the market is bearish on oil supply expansion due to Trump's election, technical analysis suggests further upside potential. We recommend adopting a buy-on-dip strategy.
For daily insights into Nasdaq, oil, and gold, please follow and subscribe to my analysis.
OIL POSSIBLE BUY?The market is currently testing the current Daily 0.7 & 0.61 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
WTI OIL Channel Up emerging, aiming at $90.WTI Oil (USOIL) recently broke above its 15-month Lower Highs trend-line that has been keeping it under a bearish trend and is now naturally pulling back. This technical pull-back is so far within the tolerance levels of a bullish trend.
The pattern that making use of this trend is a Channel Up, newly emerged and now about to test the 1D MA200 (orange trend-line) as a Support for the first time since August 14 2024. As long as it holds, we expect the new Bullish Leg to start and as with the Jan - Apr 2024 Channel Up, rise towards the 1.786 Fibonacci extension. Our Target is quite below it at $90.00.
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USOIL Will Move Higher! Long!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 75.561.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 82.488 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Crude oil may bounce higherCrude oil has been influenced by mostly technical factors at the beginning of 2025. Even though the geopolitical situation in the Middle East had eased, the colder than usual weather in the United States along with diminishing stocks of oil have boosted the price above the 3--month trading range.
The price of USOIL has been moving within the rising trend, almost having hit the $79-80 price area. Despite the strong reaction at the peak, the market may still be in control of buyers and need to retest the $77-78 zone again after retesting the dynamic support area at around $73 as shown at the chart.
The medium-term price projection from Energy Administration of the United States involves a possible pullback in the first quarter of 2025, after which the price may continue moving down towards $60 area in the long-term,
The new political administration in the US claims to support oil and gas exploration and mining companies, which might positively affect prices of energy stocks, but that’s a big question of whether or not, demand for oil and gas would increase apart from the official forecast.
Don't forget - this is just the idea. Always do your own research and never forget to manage your risk!
USOIL LONG FROM SUPPORT
Hello, Friends!
It makes sense for us to go long on USOIL right now from the support line below with the target of 79.40 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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WTI | Selloff Back to $68 w/USD/JPY CorrelationSince the last call on Oil we successfully hit the $77 target.
This next move is now looking to head back to $68 support based on the pivot moves within the current Descending Triangle pattern.
This is also another opportunity to take a back-to-back swing on FX:USDJPY
We got divergence on the forex pair acting like the 'price' and 'oil' acting like the indication
(Convergence/Divergence)
Oil moves first on the down move and usdjpy will follow through after it makes one more leg up.
WTI CRUDE OIL: Buy opportunity on the bottom trendline.WTI Crude Oil remains bullish on its 1D technical outlook (RSI = 58.480, MACD = 1.830, ADX = 66.542) despite the 4 day selling streak, which pushed the price under the 4H MA50. The HL trendline is still intact though, so technically that is a sound buy opportunity, especially if the 1D RSI hits the 30.000 oversold level. We're bullish (TP = 86.00).
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ema for checking trendema for checking trend
What Is an Exponential Moving Average (EMA)?
An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points.
1
The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average simple moving average (SMA), which applies an equal weight to all observations in the period.
Crude Oil (WTI): Breaking Down the Chart and Trading PotentialCrude oil, one of the most actively traded commodities globally, is displaying a potentially bullish setup on its chart. After a prolonged period of consolidation, WTI seems to be testing critical levels that could dictate its direction in the near term.
Chart Breakdown
Support Zone: The primary support zone lies between $6,600 and $6,900, which has acted as a strong accumulation area for buyers. A clear bounce from this level adds strength to the bullish outlook.
Resistance Levels: The first major resistance to watch is at $7,130. This is the key breakout level that crude oil must surpass to confirm further upward momentum. Beyond this, a sustained breakout could take prices toward the next target at $7,725, which aligns with historical resistance levels.
Possible Scenarios
Bullish Case: A breakout above $7,130, coupled with sustained volume, could confirm the beginning of a fresh rally. The immediate target would be around $7,725, with potential for further upside if momentum persists.
Bearish Case: On the other hand, a breakdown below $6,600 could signal renewed selling pressure. If this occurs, crude oil may slide toward lower levels, potentially revisiting $6,400 or beyond.
Trading Plan
Bullish Setup:
Entry: Above $7,130 with strong buying volume.
Target 1: $7,725
Stop-Loss: Below $7,000
Bearish Setup:
Entry: Below $6,600 with confirmation of selling momentum.
Target 1: $6,400
Stop-Loss: Above $6,800
Key Takeaways
Crude oil is on the verge of a breakout from its consolidation phase, with critical levels identified for both bullish and bearish scenarios. Whether you're a short-term trader or a long-term participant in the commodity market, staying aligned with these levels could be the key to success.
Where do you see crude oil heading next? Let’s discuss in the comments below! 📈📉
⚠️ Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always conduct thorough research before making trading decisions.
💡 Boost & Follow to stay updated with the latest commodity insights and chart analyses. Let’s navigate the markets together! 🚀
Crude Oil Analysis – Current Trend and Key Levels 6PMCMP: 75.77 (-0.12%)
Crude Oil is trading within a descending channel, showing a strong bearish trend on the hourly chart.
Key Levels:
Resistance Zones:
76.50 (previous breakdown zone).
78.00 (upper channel boundary and significant supply zone).
Support Zones:
75.00 (immediate support).
73.00 (major demand zone).
Trading Plan:
Bearish View:
Short below 75.50 with a target of 75.00 and 73.00.
Stop Loss: Above 76.50.
Bullish View:
Long above 76.50 for targets of 78.00.
Stop Loss: Below 75.50.
Crude Oil remains under pressure unless it breaks out above 78. Watch the trendline and volume closely for confirmation.
#CrudeOil #CommodityTrading #MarketAnalysis
WTI Crude Oil Analysis: Demand Zone Reversal and Fibonacci Targewe can see that after breaking the downward trendline (yellow), the price has reached a specific demand zone (purple box). If valid reversal candles, such as a pin bar or engulfing candle, are observed in this zone, a buy trade can be initiated. It is expected that, by holding this zone, the price will start an upward move, breaking through Fibonacci levels and reaching the 50% and 61.8% targets. Ultimately, the main target could be near the 78.6% Fibonacci level.
WTI - The fate of oil with Trump's policies?!WTI oil is located between EMA200 and EMA50 in the 4-hour time frame and is moving in its upward channel. In case of a downward correction towards the demand zone, the next opportunity to buy oil with a suitable risk reward will be provided for us.
The China National Petroleum Corporation (CNPC) has stated that China’s crude oil production is expected to increase by 1% by 2025, reaching 215 million tons. Additionally, China’s crude oil imports are projected to grow by 1%, reaching 559 million tons.
The CEO of Aramco has noted that robust demand from China will continue to drive global oil demand growth. He predicts that oil demand will rise by 1.3 million barrels per day in 2025.
Donald Trump, the President of the United States, has directed his administration to revoke the “Executive Order on Electric Vehicles.” This move aims to roll back regulations on vehicle emissions and fuel efficiency standards, which he claims unfairly restrict consumer choice.
This directive, part of a broader executive order focused on energy, also calls on regulators to consider “eliminating unfair subsidies and other misguided government interventions that favor electric vehicles over other technologies and effectively mandate their purchase.”
On Monday, President Trump signed several energy-related executive orders, declaring a “National Energy Emergency” and launching measures heavily favoring fossil fuel development and production. These actions are seen as a blow to the energy policies of the previous administration under Joe Biden, which aimed to bolster the renewable energy sector. The new executive orders focus on boosting domestic energy production and lowering consumer costs.
In December, energy prices rose, contributing to overall inflation. Key drivers of the fuel price increases included:
• Colder-than-expected winter weather,
• Supply concerns driven by sanctions and geopolitical conflicts,
• Optimism about demand stimulation from China.
Pilot Company, owned by Berkshire Hathaway, has decided to cease its international oil and fuel trading operations. This decision comes after months of restructuring and the dismissal of many traders.
The President of the Petroleum Association of Japan has stated that despite Trump’s policies, uncertainty remains regarding increased oil and LNG production by U.S. energy developers. He also noted that there is little likelihood of an immediate increase in oil imports from the U.S., as Japan prefers to maintain a stable supply of crude oil from the Middle East, which is more compatible with Japanese refineries.
WTI Oil H4 | Rising into overlap resistanceWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 77.20 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 78.77 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 74.85 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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