US OIL AnalysisTechnically, seeing the 30-minute time frame chart USOIL breaks the uptrend and I am planning a Short/Sell position in it when it retraces to its supply area marked on the chart.
You guys can manage your risk accordingly.
USDWTI trade ideas
USOIL Will Go Down! Short!
Here is our detailed technical review for USOIL.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 7,215.2.
The above observations make me that the market will inevitably achieve 6,999.3 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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Can oil's price to rise? 🔥 Friends, the market is heating up!
Bears have pushed oil down to a key support level – $72 per barrel. This is the last point where wave (5) of the impulse could start forming.
📉 Bearish scenario: A break below this level could send oil to new yearly lows.
🐂 Bullish scenario: We see a bullish divergence on the H1 chart, and the price is testing the upper boundary of the descending regression channel. If the bulls manage to break $73.52, we consider it reasonable to buy with targets at $75.90 and $78.50.
⚠️ Risk factor: Oil remains highly volatile due to news events.
Additionally, Trump is once again threatening new sanctions on Russia’s oil sector and a 25% tariff on goods from Canada—which the market may see as a potential catalyst for growth.
📊 Trade carefully and don’t forget stop-losses!
What’s your outlook? Share your thoughts in the comments!
Oil Reversal in Sight? Technical Analysis🚀 Oil (XTI-USD) Reversal in Sight? Technical Analysis 📈
On the 4H chart, oil is holding above the 70.00 support level and attempting to break 71.20. If bulls manage to secure this level, we could see a move toward the local high of 73.10.
Technical signals supporting growth:
✅ RSI and Momentum divergence on 4H
✅ Attempt to break above the Alligator’s jaws on 1H
✅ Possible corrective move after the recent decline
USOIL WTI Crude OilWTI Crude Oil (USOIL) has successfully broken above the descending trend-line, signalling a potential trend reversal. After the breakout, the price has retraced back to retest the trend-line support, confirming its strength as a new support level.
Key Technical Observations:
✅ Trend-line Breakout & Retest – The price has broken the downward trend-line and is now finding support around $70.800, indicating a shift in momentum.
The price is currently trading above the 21-period and 50-period Exponential Moving Averages (EMAs), which further confirms the bullish momentum and potential for an upward move.
✅ Targets for the Upside:
Target 2: $71.900 (First resistance level)
Target 2: $72.600 (second resistance level)
Target 2: $73.500 (Major resistance level)
✅ Support Level: $70.800 – Holding above this level strengthens the bullish outlook.
USOIL: Heavy trading plan is comingOPEC's production cut plan is about to be implemented, oil prices are about to rise sharply again, and geopolitical uncertainty has once again accelerated the growth of oil prices.
Technical support still exists. 72.4-72 is a reasonable trading range. As a short-term retracement point, this position has a strong support strength. The next round of USOIL is expected to exceed 73, or even reach 75.
Based on the above, the following operation suggestions are given for reference:
USOIL:
BUY 72.4
BUY 72
TP 73.12
TP 73.68
TP 74.48
SL 71.7
WTI Oil H1 | Falling to 61.8% Fibonacci pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 72.29 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 71.55 which is a level that lies underneath a swing-low support.
Take profit is at 73.34 which is a swing-high resistance.
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WTI Prices Recover Above $72WTI crude oil has rebounded to the $72.50 zone over the past four trading sessions, primarily after a recent drone attack by Ukrainian forces that damaged a key pipeline in southern Russia. The estimated damage could reduce oil exports from this region by up to 30% for at least two months. This new unexpected supply disruption has supported short-term demand for crude oil.
Additionally, ongoing trade war concerns have boosted demand for crude as an inflation hedge, reinforcing short-term bullish sentiment.
The Range Remains Stable
For now, WTI continues to trade within a well-defined range between:
$78 resistance (upper boundary)
$66 support (lower boundary)
Currently, the price is hovering near the middle of this neutral range, showing no clear directional trend. As long as price movements remain within this area, a clear breakout may take time to develop.
Neutrality Prevails:
RSI Indicator:
The RSI line maintains an upward slope, but price action remains neutral around the 50 level, the indicator’s equilibrium point.
This suggests a balance between buyers and sellers over the past 14 periods.
TRIX Indicator:
The TRIX line is currently reaching the 0 neutral level, reinforcing that the exponential moving average momentum remains neutral.
Both indicators confirm that the market remains in a consolidation phase, requiring stronger movements to establish a clearer trend.
Key Levels to Watch:
$78 – Major Resistance: Upper boundary of the current range. A breakout to this level could revive bullish momentum, similar to the buying pressure seen in early December.
$66 – Key Support: Lower boundary of the sideways channel. A drop near this level could strengthen bearish sentiment, reinforcing the downward trend observed in January.
$72 – Current Resistance & Critical Level : Midpoint of the neutral range that aligns with 50% Fibonacci retracement along with 50 & 100-period simple moving averages. This strengthens its importance as a key level.
If price continues oscillating around this zone, the sideways range could persist in the coming sessions.
By Julian Pineda, CFA – Market Analyst
USOIL (WTI) - New uptrend? Based on the technical analysis of West Texas Oil (WTI) on the 4-hour timeframe, we're monitoring a potential bullish setup. If the price successfully breaks above the upper blue box resistance zone around 74.000, we'll maintain patience and wait for a healthy retracement. Once we observe clear confirmation signals during this pullback, such as bullish candlestick patterns or strong momentum indicators, we can look to enter long positions. The anticipated target would be the previous resistance level marked by the red horizontal line at approximately 80.800.
Oil on the rise!?Recent COT data shows a decrease in short interest from commercial money, potentially signaling a shift in sentiment.
Seasonal trends also support a bullish outlook for oil, with historical data indicating a strong price rise between February 7 and March 5. Over the past 34 years, oil has gained 69.7% of the time, with an average increase of 4.79%.
From a technical standpoint, the price has broken higher from a corrective channel, suggesting further upside potential. A move toward the early 2025 highs of 80.44 could be on the cards. A breakout above this level would confirm a large bottom formation, paving the way for further gains in the months ahead.
Trade setup: Buy on dips to 72.26, with a stop loss at 69.90, targeting a move to 80.44.
USOILUSOIL is in bullish trend.
Storngly bullish trend potentially printing HH and HL.
Alligator also indicates trend will go up further.
We buy at CMP.
After a new base formed in December, a new channel has formedSeeing how this move plays out.
A base is created in December 2024.
Price falling below $70 affected the commodity and a new base price formed.
The markets are trying to recover from a long period of low income and low margins. We have started a new cycle.
USDWTI Technical Analysis.When the USDWTI weekly chart is examined; It is observed that the price movements continue in a triangle formation. It is evaluated that the USDWTI price can target the 107.00 level in price movements above the 75.95 level, but it is evaluated that it can retreat to the 34.57 level in price movements below the 65.47 level.
Oil - 2 possible buy opportunities Oil - 2 possible buy opportunities. Let's see how it works, always set SL.
US CRUDE OIL(WTI): Classic Day TradeUSOIL was trading in a tight horizontal range on the 4-hour chart for a significant period of time.
The resistance of this range was violated yesterday, followed by a retest and a strong bullish response.
This could signal a potential upward trend continuation towards the 73.32 mark.
WTI OIL potential rejection leading to the Channel's bottom.WTI Oil (USOIL) has been trading within a Channel Up pattern on the 1D time-frame with the price on a Bearish Leg since its January 15 Higher High.
The price is right now being rejected on its 1D MA50 (blue trend-line) and based on the last two main bearish sequences since July 2024, a 1D MA200 (orange trend-line) max rejection is quite possible here to continue the Bearish Leg.
Our Target is the bottom of the Channel Up at $69.
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USOIL - one n single support, holds or not??#USOIL - after a perfect ride in yesterday now market is at his one of the most expensive supporting area that is 71.70 around.
keep close that area and only only stay in buying above that.
and keep in mind that below 71.70 we will go for CUT N REVERSE on confirmation.
stay sharp
good luck
trade wisely
CRUDE OIL (WTI): Classic Bullish Setup
I think that WTI Crude Oil has a potential to continue rising.
The market was consolidating for a while within a wide intraday horizontal range.
Its resistance breakout is a strong bullish signal.
Next resistance - 0.7315
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WTI - Will oil return to the upward trajectory?!WTI oil is located between EMA200 and EMA50 on the 4-hour timeframe and is moving in its medium-term descending channel. In case of a downward correction towards the support area, the next opportunity to buy oil with a reward at a reasonable risk will be provided to us. A valid break of the drawn downtrend line will pave the way for oil to reach the drawn areas.
Goldman Sachs has stated that even if hostilities in Ukraine cease and sanctions are eased, Russia’s oil exports are unlikely to see a significant increase. The bank believes that Russia’s crude oil production will remain capped at 9 million barrels per day, not primarily due to sanctions, but rather because of the country’s commitments under the OPEC+ agreement.
OPEC+, which is responsible for nearly half of the world’s oil production, has decided to delay its planned production increase, which was originally scheduled between April and July. Meanwhile, Trump has announced that additional negotiations with Russia are set to take place in an effort to bring an end to the war in Ukraine—an event that could impact the outlook of global energy markets.
Russia remains one of the key oil suppliers worldwide and plays a significant role in price fluctuations. Goldman Sachs predicts that the price of Brent crude will rise to $79 per barrel by the end of this month, while it is currently trading at around $76 per barrel.
Ukrainian President Volodymyr Zelensky stated that the United States has, in some ways, helped Vladimir Putin break out of his isolation. He emphasized that Trump’s team must gain a better understanding of Ukraine’s actual situation and made it clear that he has no intention of “selling” his country. Zelensky also highlighted the strength and resilience of the Ukrainian military and added that Trump’s envoy should ask ordinary Ukrainians how they perceive him following his recent statements.
Meanwhile, Vladimir Putin announced that the rapid reconstruction of the Caspian Pipeline is not feasible. He explained that Western-made equipment used in the Caspian Pipeline Consortium has sustained severe damage due to recent attacks.
Putin emphasized that the restoration of this pipeline would not be completed swiftly, as critical components rely on Western technology and have been significantly impaired.
The pipeline, which transports Kazakh oil to global markets, has experienced a 30-40% reduction in oil flow following a drone attack on one of its pumping stations in southern Russia. This reduction equates to approximately 380,000 barrels per day (bpd). This development was not entirely unexpected, as Russian Deputy Prime Minister Alexander Novak had previously stated that repairs to the pipeline could take several months.
WTI Crude Oil: Range-Bound Between Critical LevelsLooking at the H1 timeframe for WTI Crude Oil, we're observing a defined range structure:
Market Structure:
Trading within established range (70.17-73.18)
Recent rejection from 72.50 resistance
Moving averages clustered around current price
Multiple tests of both range boundaries
Key Levels:
Upper Range: 73.178
Current Price: ~72.23
Lower Range: 70.168
Immediate Support: 71.81
Technical Indicators:
Volume showing decreased activity in recent consolidation
Momentum indicators in neutral territory
Price oscillating between moving averages
No clear directional bias in indicators
Trading Considerations:
Respect range boundaries for entries
Watch for breakout confirmation with volume
Key resistance at 73.17 needs clear break for upside
Support at 70.17 crucial for maintaining range
BIAS: NEUTRAL
Clear range-bound conditions
No dominant trend direction
Price centered in trading range
Waiting for range breakout for directional bias
Us oil for buy Price was ranging, it broke out and retested the zone with a touch of double bottom and the retest of the neckline.
Bearish drop?WTI Oil (XTI/USD) has rejected off the pivot and could drop to the pullback support that aligns with the 61.8% Fibonacci projection.
Pivot: 72.97
1st Support: 70.37
1st Resistance: 74.21
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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SELL OIL (WTI) - entry criteria explained!!!!Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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