USOIL: Bears Will Push
The price of USOIL will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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USDWTI trade ideas
WTIOil still brearish, I will not buy this. Sell or do nothing. It has two options, as illustrated in the chart
USOil Bullish structure is forming**Monthly chart**
Last month's candle was bearish after sweeping liquidity from 84.5 level and then pushed lower for around 1,000 pips. This month's candle (August) which is still active, continued its moves lower and pushed USOil price to the 71.44 level before it took off higher.
**Weekly Chart**
Last week USOil price closed after forming a bearish candle, however, it tested and swept liquidity below the August 5th weekly candle before changing the structure from bearish to bullish. Note that USOil price has been moving within a range from 80 to 72 levels since 22 July 2024.
**Daily Chart**
USOil started a bullish structure on daily and lower time frames last week after pausing around the key level which created a manipulation candle (or Order block) before the strong rally to the upside.
This week, I will be looking for a bullish structure to buy the dip as the market retraces to IPA (or FVG) on lower time frames (ie. H4 and H1). The next Target is 77 and then 80 levels.
Oil WTI Crude Time To BUY Hello traders
As we can see Usoil has close above the Trend line on last Friday closing Markets
its a good sign for upcoming moves better to get loadup from this drawn zone with a very low risk and we are Aiming for Huge Rewards its just a trading idea do a proper Research before any entry...
Support the idea so it help many other traders Stay tuned for more updates
USOIL Massive Short! SELL!
My dear followers,
I analysed this chart on USOIL and concluded the following:
The market is trading on 74.91 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 73.23
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
USOIL BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 70.87.
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WTI - Short Trade IdeaThis is a short trade idea that fades the recent expansion upwards.
I did an analysis all the way from the yearly timeframe down to the daily, and all arrows still point lower. WTI came into a yearly BISI, which is generally a big deal, but I have a feeling (also based on analysis) that we will come lower into a 6-month BISI and take out the ascending SSL below. The inefficiencies on the daily timeframes are also indicating a move lower. However, caution will be expressed in observing the creation of bullish PD Arrays on the way to my short POI.
If price continues up from my short POI and closes candles above on the daily, then we may be looking at higher prices first. USDCAD, which is negatively correlated with WTI to a high degree, has some a large double top on the higher timeframe overview. This would coincide with a move lower on WTI. That being said as a USD pair, how much of a recovery can we expect on the US Dollar is this happens?
- R2F
Copper & Oil : Are commodities about to surge? Copper is showing great pattern consolidation.
it appears to be putting in a daily bull flag pattern that looks poised to breakout.
If copper follows some of the other recent price action in the commodity space it makes it even more likely to surge.,
You're seeing #gold #uranium #oil and other all performing well.
Will this dampen and slow down the dis inflation expectations? Perhaps.
I am long SCCO with members and have already secured some profits today with members.
I do think there is more strength to come in copper.
USOIL Bullish 4H TF(4H Div, DOW BOS, Double Bottom Reversal)USOIL showing signs of bullish momentum supported by 4H Divergence with DOW break of previous LH BOS (Break of Structure). Price action is also supported by double bottom reversal pattern. Entry is taken slightly above previous LH. Stop Loss is placed at slightly below previous LL and TP @ 1:1 risk to reward.
What do you think, will it work?
USOIL BEARISH TREND From our last week analysis when i call for this first and second bearish trend TVC:USOIL is playing around this supply area will might see further downside . Overall target $64
USOIL / TRADING INTO DESCENDING CHANNEL - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 74.76
Downward Condition: With the price holding steady at the current turning level at 74.76 , it is likely to decline towards the support level of 72.81. If it stabilizes below this level, it could then reach the next target level of 70.92
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 74.76 , leading to a rise toward the resistance level (1) at 76.15 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 78.55
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 76.15 .
RESISTANCE LEVEL (2) : 78.55 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 72.81 .
SUPPORT LEVEL (2) : 70.92 .
TURNING LEVEL : 74.76 .
Crude oil bullish Hello beautiful traders, here is my complete technical analysis on crude oil 🛢. The completion of M parten on a daily time frame. Buy on the retest of the red line after a 4hr candle.
USOIL Is Going Up! Buy!
Here is our detailed technical review for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 73.74.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 79.53 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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pump trend line so strong with my opinion
we can see touching this level
i think bullish
geopolitical and technical i do it
WTI Oil H1 | Rising into pullback resistanceWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 73.66 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 74.55 which is a level that sits above an overlap resistance.
Take profit is at 71.52 which is a pullback support.
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USOIL Potential Downtrend Line Breakout At $73.07 23.08.2024Apply risk management
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Disclaimer
Bearish reversal?USO/USD is rising towards the resistance level which is slightly above the 23.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 74.78
Why we like it:
There is a an overlap resistance level which is slightly above the 23.6% Fibonacci retracement.
Stop loss: 76.18
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 72.36
Why we like it:
There is a pullback support level.
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 Bullish Reversal OpportunityCrude oil prices seem to be facing a strong resistance zone. A potential Bullish reversal may occur if the price breaks the previous Lower High.
Bulls may eventually face a strong resistance zone around 78 till 81. If this zone breaks, the likelihood of TP2 will increase.
Trade Plan
Entry @ 75.6
Stop Loss @ 72.15
TP1 @ 79.05
TP2 @ 82.5
No. of Trades: 2
Move SL to Break Even if TP1 hits.
US OIL Rebounds Off Lower Range TLThe drift towards key price action areas is giving way to a clear rebound and long side momentum.
Looking for moves back towards local range TL.
OIL In a clear 4 hour downtrend - Very RiskyOIL In a clear 4 hour downtrend - Very Risky
Oil is moving down in a clear 4-hour downtrend.
I said it's risky given the current geopolitical moment and also the speculation that
the market is doing about the war developments in the Middle East.
On the other hand, OIL is only going down clearly.
After each corrective pattern, the price made a new low.
If OIL manages to develop back into the current corrective pattern and below the bearish trend, chances are it could move back down as shown on the chart.
You may find more details in the chart!
Thank you and Good Luck!
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USOILUSOIL is accumulating now.
Bullish divergence also form in RSi.
We wait for upward breakout.
If it will break on upside then it will be reversal of trend from here.
