USOIL trade ideas
usoil buy tradeThe Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
USOIL at Critical Support – Rebound Toward 73$?TVC:USOIL has reached a major demand zone, an area that has historically acted as strong support. This region has previously triggered sharp rebounds, making it a key level to watch for a potential bullish reaction.
The recent sell-off has pushed the price deep into this zone, and early signs of rejection could indicate that buyers are stepping in. If support holds, we could see a recovery toward $73, aligning with a corrective move.
However, if price fails to hold and breaks decisively below this zone, it would signal continued weakness, opening the door for further downside, possibly targeting the next support area.
Traders should wait for confirmation, such as bullish price action, increased buying volume, or key reversal patterns before committing to long positions.
XTIUSD downsideLooking at this as a sell opportunity.
Interested to see what price will do if it reaches 64.42 as historically price has reacted around this area.
Oil Short - 11RA good opportunity to short Oil has come up.
There is a bear flag on the 4H timeframe…now potentially forming a retest wedge pattern into the point of interest I have marked out.
This is a 1:11.44 R trade and if held to $60.50 which is where I think Oil is heading to by May, then it is an 80R opportunity- though I do think it best to take most of the profits off at the conservative target market out as it could create continuing forming this bear flag higher up.
Risk to reward rating for target 1: 7/10
Chance of success if it follows path: 7/10
Overall rating 7/10
Risk to reward rating for target 2: 10/10
Chance of success: 3/10
Overall rating: 7/10
Potential bearish drop?USO/USD has reacted off the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 68.43
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 69.26
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 66.46
Why we like it:
There is a pullback support level.
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USOIL Analysis of TodayThe global economic situation has a significant impact on the demand for crude oil.
During periods of economic prosperity, industrial production and transportation activities are frequent, leading to an increase in the demand for crude oil, which in turn drives up the price of USOIL.
For example, during the period of rapid development of emerging economies, the demand for energy was robust. When there is an economic recession, the demand decreases, and the price may drop. Just like after the global financial crisis in 2008, the demand for crude oil plummeted sharply, and the price also crashed accordingly. In terms of supply, the changes in production output of major oil-producing countries are of vital importance.
The adjustment of production capacity and production disruptions in major oil-producing countries such as the United States, Saudi Arabia, and Russia will all affect the global crude oil supply. For instance, the development of the shale oil industry in the United States has significantly increased the country's crude oil production, having a major impact on the global crude oil market supply pattern.
🎁 Buy@66.90 - 67.00
🎁 SL 66.80
🎁 TP 67.15 - 67.20
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USOIL:The latest trading strategyThe price of WTI crude oil futures has risen slightly, and the market is currently in the process of bottom - building.
The price briefly broke through last week's high of $67.94, reaching an intraday high of $68.37 before pulling back. The market remains in a "sell - on - rally" mode.
After the higher opening, there is a probability that the crude oil price will stabilize at a lower level. For the subsequent trading strategy, short - selling is worth considering.
USOIL Trading Strategy:
Sell@67.7-68.3
TP:66-65
USOIL Will Go Higher From Support! Long!
Please, check our technical outlook for USOIL.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 67.592.
Considering the today's price action, probabilities will be high to see a movement to 71.123.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Oil WTI - short term short, then longWe have a 15min timeframe short term sell opportunity, then we will look for a buy setup.
Short levels are on the chart. Trade with care.
We will update later between the London and the NY session.
Buy OpportunityWTI Crude Oil Long Trade Signal
📈 Buy WTI Crude Oil
🔹 Entry: 67.45
🔹 Stop Loss: 65.90 (-2.30%)
🔹 Take Profit: 71.08 (+5.38%)
🔹 Risk/Reward Ratio: 2.37
🔹 Timeframe: 4H
📌 Analysis:
Price is bouncing from a demand zone with strong volume support.
Moving averages indicate potential trend reversal.
Target at 71.08 aligns with previous resistance levels.
Favorable risk/reward setup of 2.37.
WTI POSITIONAL TRADE IDEA!!WTIUSD - Long-Term Positional Trade Setup 🚀
🔍 Market Overview:
WTI Crude Oil (WTIUSD) has been in a macro downtrend, but price is now trading at a long-term demand zone around $66-$67, a historically strong support level. With potential supply shocks, geopolitical factors, and seasonal demand, WTI could see a long-term recovery.
This setup is for swing and positional traders looking to hold for weeks to months.
📍 Key Levels:
Major Demand Zone: $65.00 - $67.00
First Resistance: $75.00
Major Resistance: $82.00 - $85.00
Macro Target: $90.00+
📊 Trade Idea:
🔸 Long Entry: $66.00 - $67.00 (Accumulation Zone)
🔸 Stop Loss: $62.50 (Below historical support)
🔸 Take Profit Targets:
TP1: $75.00 (Key resistance, potential pullback)
TP2: $82.00 (Previous supply zone)
TP3: $90.00+ (Macro bullish target)
📈 Confluences for the Trade:
✅ Strong Historical Support at $65-$67
✅ 200-Week Moving Average Support
✅ MACD and RSI Bullish Divergence (Momentum shifting)
✅ Geopolitical Risks & Supply Factors favoring oil upside
✅ Previous Market Cycles show WTI bouncing from this zone
🎯 Execution Plan:
DCA (Dollar-Cost Averaging): If price drops, consider scaling in at $65, $63, and $62.
Partial TP Strategy: Secure profits at each resistance while leaving some position open for higher targets.
Re-evaluate at $75.00: If price struggles to break, watch for re-accumulation before continuation.
🚨 Risk Management:
WTI is volatile—use proper risk sizing to avoid unnecessary drawdowns.
📌 This is a long-term position, so patience is key!
Oil: Pending ShortThis is based on descending triangles being bearish setup. So I would think that there are 2 entry points:
1. When it touches the upper trendline, or better yet,
2. When it breaks down from the lower trendline.
WTI increased slightly and decreased rapidly, downtrend TVC:USOIL prices rose slightly by about 1% in Asian trading on Monday before falling sharply, largely due to the continued US military crackdown on Houthi militias.
US Pete Hegseth said on Sunday that the US military will continue to fight the Houthis until they stop attacking international shipping lanes. The US has previously conducted airstrikes in Yemen, causing casualties among Houthi fighters.
The Houthis have hinted that they could take stronger retaliatory actions, adding to market concerns that the situation in the Red Sea will continue to escalate.
While geopolitical tensions pushed oil prices higher, concerns about global economic growth limited gains.
Goldman Sachs analysts have lowered their oil price forecasts based on the following points:
• The Trump administration’s new tariffs on Mexico and Canada could restrict global trade and lead to lower-than-previously expected US economic growth.
• The slowdown in economic growth will lead to lower oil demand, and Goldman Sachs expects oil demand growth in the coming months to be lower than previously estimated by the market.
• OPEC+ supply could exceed expectations, and while the market is currently focused on the situation in the Middle East, overall supply remains relatively abundant.
• The market expects signs of a slowdown in the US economy to keep oil prices under pressure in the long term, although geopolitical factors could still support prices in the short term. In addition, the market is paying attention to the Federal Reserve's interest rate meeting on March 18-19. The market expects the Fed to keep interest rates unchanged while continuing to assess the impact of the Trump administration's policies on the economy. If the economic outlook continues to deteriorate, the possibility of the Federal Reserve adjusting its policy this year cannot be ruled out.
WTI Crude Oil Technical Outlook Analysis TVC:USOIL
On the daily chart, WTI crude oil is temporarily in the accumulation phase but with the current position and structure, the downtrend is still dominant with the short-term trend being noticed by the price channel, the medium-term by the price channel and the nearest pressure from the EMA21.
The recovery momentum of WTI crude oil is also limited by the 0.50% Fibonacci extension level, and as long as crude oil fails to move above the EMA21 and break above the price channel, it still has a main bearish outlook.
In the short term, the downside target is around $65, the low since September 10, 2024, followed by the 0.786% Fibonacci extension. Notable positions for the WTI crude oil downside trend will be listed again as follows.
Support: $66.63 – $65.33
Resistance: $67.85 – $68.52 – $69.07
OilUS Oil - Crude Oil
Rejecting from the Upper Trend Line of a corrective pattern " Symmetrical Triangle " and Strong Resistance Area with strong Bearish Price Action making a Change in Characteristics. We need to wait until it Breaks Upper or Lower Trend Line
Note :
This is only the Technical Analysis of US Oil next possible , It is not a proper signal
#USOIL/WTI 1 DAYUSOIL/WTI (1D Timeframe) Analysis
Market Structure:
The price is currently trading near a key support level, which has previously acted as a strong demand zone. Buyers may step in at this level, leading to a potential reversal or bounce.
Forecast:
A buy opportunity is expected if the price holds above the support level and shows signs of bullish momentum. Confirmation through price action, such as bullish candlestick patterns or increased volume, can strengthen the trade setup.
Key Levels to Watch:
- Entry Zone: Consider buying near the support level if the price confirms a bounce.
- Risk Management:
- Stop Loss: Placed below the support level to manage downside risk.
- Take Profit: Target resistance levels or previous swing highs for potential gains.
Market Sentiment:
If the support level holds, the market sentiment may shift towards the upside, leading to a potential bullish move. However, a breakdown below support could indicate further weakness, requiring reassessment.
Bullish bounce off pullback support?WTI Oil (XTI/USD) has bounced off the pivot and could rise to the 1st resistance which lines up with the 38.2% Fibonacci retracement.
Pivot: 65.73
1st Support: 63.22
1st Resistance: 71.07
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WTI - Weekly Forecast - Technical Analysis & Trading IdeasMidterm forecast:
While the price is above the support 64.000, resumption of uptrend is expected.
We make sure when the resistance at 79.361 breaks.
If the support at 64.000 is broken, the short-term forecast -resumption of uptrend- will be invalid.
TVC:USOIL BLACKBULL:WTI
Technical analysis:
A peak is formed in daily chart at 79.355 on 01/15/2025, so more losses to support(s) 64.900 and minimum to Major Support (64.000) is expected.
Take Profits:
68.354
70.182
72.434
74.449
77.410
79.361
83.961
87.000
93.882
100.802
109.192
126.350
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Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
High Gas Prices By Xmas.We still have 9M left to go but I’ll say it now: price will soar to $113.186 by year end.
Watch and see about it.
USOILUSOIL is in still in down trend, any pullback is just a chance to get in the sells again.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
USOIL 1HR // 16 March AnalysisUSOIL has been in a downtrend.
With this trendline forming and the price nearing the trendline, we can look for potential sells.
The price has been resisting the 68.00 area, we can wait and see how it reacts to the trendline.
potential sells if we can see a good rejection from the trendline as well as the resistance zone. A good target would be near the 65.00 price area.
Trading Strategy for Crude Oil Next WeekAs U.S. President Donald Trump pushes for an increase in domestic oil production and a reduction in energy prices, the prospect of declining profits may stifle drilling activities. If WTI crude oil hovers around $65 per barrel, shale oil operators may shut down 25 drilling rigs and keep U.S. oil production flat. A further drop in prices would actually reduce crude oil production.
With Trump's trade war weighing on the demand outlook, traders are bracing for an influx of Russian crude oil into the global market, and WTI crude oil is in the midst of its longest losing streak in nearly a decade.
The price of crude oil has been lingering at a low level. On the weekly chart, it closed with a bearish doji star, showing a double-bottom pattern. In the short term, the oil price is still fluctuating in the range below $68.5. If it fails to break upward in the future, there is a high probability of a continued decline.
USOIL Trading Strategy for Next Week:
Sell@67.7-68.3
TP:66-65
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WTI Crude The Week Ahead 17th March '25WTI Crude INTRADAY bearish & oversold capped by resistance at $68,65
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