USOILUSOIL approached a supply level which can act as a resistance to push it down but incase whereby we breakout of the supply a possible pullback and bullish opportunities would come into play by Showboi-fx6
oil My friends, oil is still going up as I looted you previously. Now the price is approaching the point I talked about 74.5. We will continue to update continuously whether it continues to rise or fall.by Indicators1MGGROUPUpdated 2
SELL TREND is starting in USOIL market (For more read captions).π USOIL Price Forecast π USOIL has broken down the ascending channel with a strong bearish candle, confirming a shift in momentum. The market is currently in a retracement phase, with potential to retrace to the ascending channel before resuming its downtrend toward the targets. Selling pressure is increasing, and the price is hovering around $74.00, where an order block is present. A breakdown below the first target zone will confirm further declines. π― Technical Target Levels: -72.80 (First target zone) -71.00 -70.20 -69.50 (Final target) π Key Highlights: - Ascending channel breakdown confirmed. -Retracement nearing completionβprepare for the next bearish move. -Increased selling pressure supported by strong volume. β Stay Ahead and Profitable! Like, comment, and follow for precise forecasts and profitable insights. Donβt miss out on the next big moveβtrade smarter with expert updates! π π’ Join the community for timely analysis and consistent success!Shortby TrendLogic1Updated 2215
USOIL Will Go Down From Resistance! 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 approaching a significant resistance area 76.573. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 72.081 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider115
Long waited Bulls finally arrive to the Oil MarketsWith inflationary Pressures as high as ever and the expansion of conflicts worldwide but mainly In or around Oil-producing Countries , added to that the growing fears of a US-Chinese Conflict in and about the Island State of Taiwan. all these prospects and Events are driving factors for a surge in oil prices, Yet as devoted technical analysts we believe that world events are just the reasoning behind whatever the charts want to go. So a bullish analysis was the one that the oil had, the Buying zones of the low 60s worked as resting recliner chair for the oil for the good of a year but nothing stays the same for long, as buyers and sellers were Eying the magnificent Gold moves the oil started what can be a stratospheric launch leading to a whole different economic balance for the next Decade. Important zones are 87 and 95 with targets as high as mid 120s TVC:USOIL Longby sajadalturfy962
Oil Driven by Economic and Geopolitical FactorsOil prices have experienced a remarkable surge, with gains reaching nearly 5% at the peak of the session, marking one of the most positive trading days since late 2023. While part of the initial momentum has moderated, crude remains substantially up, around 3%, largely driven by the strength of the U.S. labor market, as revealed by the recent Non-Farm Payrolls (NFP) data. This solid performance in U.S. employment reinforces the outlook for a robust economy, which in turn exerts upward pressure on commodity prices, especially energy commodities like oil. This rebound is not an isolated event. Crude has found a new support level around $67 per barrel for WTI, driven by factors such as the increase in fuel demand due to recent winter storms, the ongoing production cuts by OPEC+, and expectations of potential sanctions under the new administration. The December 2024 NFP data far exceeded market expectations, with the creation of 256,000 jobs, the largest increase in nine months, compared to the 160,000 forecast. This figure, alongside other positive economic indicators such as the services PMI and job openings, strengthens the narrative of a resilient U.S. economy. The robust U.S. labor market acts as a catalyst for energy demand, driving oil prices higher. This economic dynamism, combined with geopolitical factors and decisions by OPEC+, creates a complex yet favorable environment for crude in the short term. Beyond short-term factors, the production strategy of the new administration will play a crucial role in the evolution of oil prices. Plans to increase production by over 3 million barrels per day could have a significant market impact. The projected increase in oil production by the administration introduces a key uncertainty. This could limit upward price pressures and potentially shift the balance in the global oil market. In summary, oil prices are currently in a period of notable dynamism, driven by a combination of economic, geopolitical, and strategic factors. The strong U.S. labor market, the supply restrictions by OPEC+, and expectations surrounding the new administration shape a complex scenario that markets will closely monitor. Recent economic data, with an unexpectedly strong labor market, suggests economic resilience that supports energy demand. However, the potential increase in domestic production could temper this momentum. The balance among these factors will determine the trajectory of oil prices in the coming months.by Pepperstone6
USOIL PLAYED OUT AS PREDICTEDLast week , I dropped this analysis and price prediction. It Played out exactly! Hope You Made Some Cool Cash! The Power of a good Trading (PRORARP) Longby Akpambang2
USOIL turning point 78.466 read caption for more...I have prepared this setup for USOIL what do you think about it let me in comment section. I am waiting for the area of 78.466 as it is was a resistance made in earlier days. If this breaks and H4 candle closes above then target will be 80.240 as the result of bullish move and on the other hand if it does not closes above or breaks this area then the target will be 76.570 as a result of bearish move. Kindly support me like comment and share this if you found this helpful.by Jacks_Trading_Service2
Confuence of AB=CD 1.618 extension & Double top FAIL Price rallied past the ABCD extension at 1.618 with great momentum( long range bar)this top also corresponded to a double top that is visible in the 4HR chart. All indications to sell this market in my humble opinion did not pen out. I AM NOT SELLING THIS MARKET, I know what you are thinking, maybe you are right, maybe l am an idiot but l just don't know how to do it any other way. Always trade what you see not what you think , no one knows whats going to happen next in the market. Anything can happen. Happy trading and always practise sound money management.!Longby ChasuraGold1
WTI OIL Critical crossroads on the 16-month Resistance.WTI Oil (USOIL) is having a strong rally in the past 30 days following the rebound on the 2-year Support Zone. This Zone has contained all 1W candle closings above it, so this rebound is coming as a natural technical reaction for buyers but it is about to face a critical Resistance Cluster. First is the 1W MA50 (blue trend-line) but the most important level is the 16-month Lower Highs trend-line that started in late September 2023. Technically, as long as it holds, the price is more likely to get rejected now back towards the Support Zone, so at the moment we are bearish with a 68.00 Target. If the Lower Highs trend-line breaks and WTI closes a 1W candle above it, we don't expect the 1W MA200 (orange trend-line) to offer much Resistance, so we will take the small loss on the short and switch to buying. Our Target in that case will be Resistance 1 at 84.50. ------------------------------------------------------------------------------- ** Please LIKE π, FOLLOW β , SHARE π and COMMENT β if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- πΈπΈπΈπΈπΈπΈ π π π π π πby TradingShot1121
CRUDE OIL // long ideaThe trend is long on the weekly, the daily, and the H4, and H4 seems to close above the long trigger line (green), that is the last clean H4 breakdown. If this happens, the daily target fibo 138.2 in line with a daily breakdown is the target. βββ Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated. Level colors: Daily - blue Weekly - purple Monthly - magenta H4 - aqua Long trigger - green Short trigger - red βββ Stay grounded, stay present. ππΌββοΈ <<please boost π if you enjoyπLongby TheMarketFlow1
USOIL, evening analysisTechnical analysis of USOIL (CL1!). Bullish (green) and bearish (red) counts for USOIL. Price likely to rise towards resistance at 94.99, with median line of pitchfork as target. Bulls see EW count in a wave 3, with price to challenge 2022 highs and keep 94.99 as support once it breaks as resistance. Bears see a wave c in progress, to complete a zigzag X in the 96.5-105 area, then roll back down with a Y below 63.61.by discobiscuit2
WTI Breakdown: Bearish Structure & Possible Trade Opportunity π π Analyzing the WTI chart, we can observe a lower high and a lower low, indicating a bearish break in structure. I anticipate some additional downside movement. In the video, we delve into the trend, price action, market structure, and explore a potential trade opportunity. β οΈ This content is for educational purposes only and does not constitute financial advice.Short03:52by fxtraderanthonyUpdated 118
USOIL Under Pressure! SELL! My dear friends, Please, find my technical outlook for USOIL below: The price is coiling around a solid key level - 76.54 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 75.36 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. βββββββββββ WISH YOU ALL LUCK Shortby AnabelSignals117
Pre-NFP Analysis 2000pips ProjectionA follow up from the previous Analysis made USOil : Keep an eye on the Price levels outlined, preferred entry is @ 74.50 while targeting any of the three(3) targets EURAUD : Still at a good price for a minimal risk entry, expect a 350+pips rally XAUUSD and GBPUSD : Prepare for Massive Swing Pardon the Sound of my Voice Patience is the way ! Ieios09:31by Ieios5
Crude Oil Next Target 80 dollar..May Retrace a bit if opens FlatAs mentioned in previous post of 4th January.....Target of 77.8 ..very closer to 78 dollars has achieved. ... As Crude-oil has not taken proper retracement yet...we can expect a sharp fall on Monday if its open at flat note....RSI and 200 EMA in Daily time frame supporting Bullish side of Crude Oil...so if its a Gap Up Opening we may see the target hitting of 80 Dollars.Longby tembhurnepranay03034
Oil Technical Analysis: Breaking a Historical Trendline As anticipated, oil continued its upward movement and has now broken a significant historical trendline. This breakout could pave the way for oil to reach the $80 resistance level. There is a likelihood of the price touching the marked supply zone, which could attract more buyers. This zone presents a potential opportunity for entering a buy position.Longby UtoForex4
USOIL TRADE SETUP ALERT!USOIL TRADE SETUP ALERT! Market Sell Liquidity Sweep Complete! Now, we're waiting for: WEEKLY FVG (Fair Value Gap) RETEST Strategy: SELL ENTRY: If market retests above FVG, we'll take a sell entry till FVG. BULLISH TRADE: If market approaches the bullish FVG, we'll take a long trade. Get ready to trade! Longby twb11221
USOILUSOIL is in bearish trend. Potentially printing LH and LL. Bearish flag continuation pattern also form which indicates that trend will continue bearish . We wait for more confimation if price will break the flag pole then we will execute trade at the breakout of flag pole. Shortby Naqash913311
Oil UpdateOil Update We talked before about oil around the entry points 67.800 and 69.750 And we have investment or speculative targets with a little patience as targets of $81 And we have set the priority targets 72.5 73 74 74.50 75 Today we are at the level of $77 Are you happy!by Indicators1MGGROUPUpdated 3
US OIL BREAK THERE TARGETHey there on 1HTF US oil change there shape we have seen mostly bearish but this year we could possibly seems to break there all time high level 77$ breaks And now we could possibly seems there previously years we had seen 80$ to 90$ per ounce so we could see also this zone breaks and will continue push upside Good luckπ€Longby DvsTraderfirm3
Crude Oil USOIL AnalysisHello Guy's this is My OverView For USOIL, Feel Free To Check It And Write Your Feedback In Comments Analysis of Crude Oil (USOIL) Here are the key observations: Price Levels: Current price is around $73.76. Sell signal at $73.76. Buy signal at $73.82. Trend Indicators: A recent upward trend is observed, indicated by a rising channel formation outlined with blue lines. However, the price has now reached an upper resistance level and appears to be reversing. Supertrend Indicator: The Supertrend indicator shows a value of 74.90, suggesting bearish sentiment when the price is below this level. Support and Resistance Zones: The chart indicates potential take-profit (TP) levels for short positions at $73.40 (Tp1) and $72.80 (Tp2). A broader support zone around $68.94 is highlighted in red, indicating significant support if prices drop further. Technical Outlook: in our setup s traders might be looking for short opportunities given the recent rejection from resistance. A target range for profit-taking on shorts between Tp1 ($73.40) and Tp2 ($72).80). Note: This analysis for educational purposes and not trading advice. Consider market conditions and strategies. Shortby David_Josh_TraderUpdated 1110
Oil UpdateOil Update There were good entry areas between 67.800 and 69.750 and now from the latest update Oil breaks the red resistance line Oil flutters upwards 73 You have to watch the stability of the daily and weekly closing above this line otherwise we will return to the 67 areas As an investor be steady and any decline is a target for buying and investing in the medium and long term and the targets are above $81 I hope everyone benefitsLongby Indicators1MGGROUPUpdated 2