OIL TODAYI expect reverse to down.
i will wait for change structure on M15, H1 and open sell order.
This is my view
USOIL.F trade ideas
Has crude turned a corner?Both Brent and WTI were a touch weaker in early trade this morning. But both contracts have put in impressive rallies over the past fortnight. Oil prices plunged following the US Labor Day holiday on Monday 9th September. The sell-off saw front-month WTI break below $65 per barrel to trade at its lowest level since May last year. Front-month Brent hit its lowest level since December 2021. Since then, Brent and WTI have tacked on 8% and 10% respectively as of Friday’s close. While impressive, the rally has been relatively slow and steady, rather than an explosive one that could have been expected, coming as it did from incredibly oversold conditions. The move has seen the daily MACDs turn significantly higher, although both remain oversold. The question now is if the bottom is in for crude oil. If so, then pull-backs may be buying opportunities. But it’s probably still too early to declare the ‘all clear’ for crude. Traders should keep a close eye on how the next pull-back develops. If it proves relatively shallow before heading up again, then oil may have finally turned a corner. But if it retraces more than around 50% of recent gains, then a retest of this month’s lows may be on the cards.
WTI Oil H4 | Potential bullish bounceWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 70.11 which is an overlap support that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 68.26 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 73.00 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
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Oil Is going to see a heavy fall from hereIt is a big retracement for oil so we can see huge fall in this in coming weeks
crude oil sell crude oil sell targeting 64 with a small stop lose since i have another scenario which is shorting again if i got stop out from a higher price around 73.5
see u at 64 i will keep partial to the hell at 55
USOIL BIAS SELLS- Weekly looks very bearish , also looking at that weekly -OB, i hope we get the high of the week on Tuesday or Wednesday so we can continue selling targeting that sell side.
Quick Buy On OilBeen tracking the consolidation and oil has shown it wants to go higher. We are looking to trade off a slight retracement to an area of liquidity. Trade safe, Trade smart, Trade Drippy. (Sl, entry, and tp are ZONES)
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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OIL LONG 15M TF🚀The Atom Signals Trading View Indicator is a sophisticated tool designed for traders seeking to enhance their market analysis and trading strategies. Developed with the intention of providing clear and actionable signals, this indicator leverages a blend of technical analysis techniques to identify potential entry and exit points in the market. It aims to simplify the decision-making process by offering visual cues and alerts, which can be particularly valuable for both novice and experienced traders.🤖
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USOIL: Short Trading Opportunity
USOIL
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell USOIL
Entry Level - 71.19
Sl - 72.40
Tp - 69.10
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Oil in dayly chart closing inside BB low bandCCI indicador showing that is a buy oportunity
Oil/USD is in a great support area, closing the day with a green candle!
USOIL Is Going Down! Sell!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 71.19.
The above observations make me that the market will inevitably achieve 67.16 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.
Like and subscribe and comment my ideas if you enjoy them!
Crude oil channel tradingcrude oil is moving in parallel channel, it may rise till $73.00 in short term. Thanks
CRUDE OIL Resistance Ahead! Sell!
Hello,Traders!
CRUDE OIL is going up
Now but will soon hit
A horizontal resistance
Of 72.68$ from where
We will be expecting a
Local bearish correction
Sell!
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Check out other forecasts below too!
Free Signal USOILI recommend you to take buy USOIL as you can see we have price action: trendline back to test key level also we are in kill zone so have a good probability to continue pushing up
WTI bullish but that could change on an oil spillWTI is on a firm bullish correction into bearish flows and upside targets are still eyed, although things could flip and the video explains.
Crude recoversCrude oil has managed an impressive bounce over the last ten sessions. Earlier this month, front-month WTI broke below $65 per barrel to trade at its lowest level since May last year. Front-month Brent hit its lowest level since December 2021. The latest sell-off took both markets into very oversold territory. Since then, oil has rallied sharply, with WTI, as of Thursday’s high, up around 10% from its recent low. Has crude finally bottomed? It’s still too early to know. Prices have pulled back a touch this morning, but not significantly. Oil could continue to rally from current levels, but it will be its next pull-back which will help decide if the bottom is in. If it’s relatively modest and falls significantly short of last week’s $64.80 low, then that would certainly increase the probability that it is. If not, then there’s an increased likelihood of another lower low before it’s safe to sound the ‘all clear’. Overnight, China refrained from lowering its 1 and 5-year Loan Prime Rates. But on the other hand, the US Federal Reserve has made it clear that its prepared to cut rates further. As long as these aren’t a precursor to weakness in the US economy, then they may help to lift sentiment, and oil prices. Unless, of course, they trigger increased production.
Crude Oil long term analysis⭕WTI has taken downward trend since (18Jul 24) , Because of industrial countries had bad data and concern about suffering recession the price gone down.
🔻In the another side OPEC+ decided increaseof their supply.
🔻China's data not promising, China is the biggest importer of Oil in the world so its pridectable to effect oil price.
🟢Middle east and tension of that has no end ,Analysts alarm to happening War and Geopolitical things limtied down trend of price.
🟢Fed's recently reduced intrest rate by 0.5 which is big move since years ago ,And they decided to cutting rate by 0.25 from other meetings it mean Soft Landing , in this case it will help to US Gov'
to improve the economic and WTI price mostly dependent to US economic so it will help to growth Oil price
🔵So many countries economics related together so if US ecnomy will recovery it self
China , Japan , Euro zone , Australia , Canada , ..... will betterment too so if the economics of countries better so productions and output will growth that causes import Oils and counsume.
✅In my idea 66$ to 63$ very big support area and good place to order Buy.
my expectation is WTI in 2025 will growth smoothly to our other targets.✔✔
💌pls add your idea too and let me know❗❓
OIL: Day 3 breakout traders long in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range ✅
2. SIGNAL DAY
First Red Day
First Green Day
3 Days Long Breakout ✅
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump ✅
Dump&Pump
Frontside ✅
Backside
4. THESIS:
Long: secondary, I won't exclude the possibility for this market to setup for a long trade, the market performed a higher high on the HOW and started dropping, currently consolidating.
Short: primary, Day 3 long breakout traders, HOW, is most of the time a reversal signal, but considering the overall level and behaviour of price, before NY session start I can see more a pump and dump. Price still on the frontside, so I won't be looking for a dump all the way down back to the LOW, unless news release at 10:30am NYT will be catalyst.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
WTI With Bearish SignsThis is a short-term setup for WTI:
Price has been rejected at an order block while the H1 RSI is bearishly divergent.
Therefore, we open a short position to intercept the expected downward movement.
Sell OpportunityInstrument: USOIL
Position: Sell
Entry: 70.58
1st Target: 67.18
2nd Target: 65.23
Stop Loss: 71.94
Rationale:
USOIL is exhibiting signs of a bullish trend, supported by recent price action and fundamental factors.
