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USOIL trade ideas

USOIL Is Going Up! Buy! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 72.211. Taking into consideration the structure & trend analysis, I believe that the market will reach 74.793 level soon. 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!
PEPPERSTONE:SPOTCRUDELong
by SignalProvider
1
WTI CRUDE OIL: Aiming at 82.00 long term.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 48.507, MACD = -0.150, ADX = 34.872) as only today it crossed above the 1D MA50, following a correction since Jan 15th. The prevailing pattern is a Channel Up and we are very close to its bottom. The two bullish waves it had already, peaked after at least a +20% rise. As the 1D RSI is already on the S1 Zone, we anticipate a new bullish wave to start gradually and aim at the top of the Channel Up (TP = 82.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
USOIL (CRITICAL SUPPORT ZONE HOLDS THE KEY TO NEXT MAJOR MOVE)Technical Analysis Zone of 721.90-70.43, a zone that has historically acted as a strong foundation for price reversals. If buyers defend this level, we can expect an upward move toward 76.20, the first key resistance. A successful breach of this resistance could further push the price toward 78.21, followed by a potential test of the broader resistance zone between 80.44 and 82.79. However, the risk lies in a confirmed 4-hour or daily candle close below 721.90-70.43, which would indicate a weakening bullish presence. In this case, the price could break lower, targeting 68.57. Dear Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
TVC:USOILLong
by ArinaKarayi
USOIL Market’s DNA – 21DChart , 28, 55, 89, Bars Leading the Way Not just looking at price—But decoding time itself. Oil moves in a structured, self-repeating time cycle, and now, with the 21-day chart, 28-bar sequences, and Fibonacci cycles, we have the market’s blueprint. This is beyond trading—this is the hidden time geometry of markets. Let’s break it down. 🧵👇 1️⃣ The 21-Day Chart: Where Time Becomes Visible 📅 The 21-day timeframe is where oil’s cycles reveal their structure. 📊 Every major move follows precise bar counts, proving the market follows timing, not random price action. 🕰️ News reacts to the market, but time controls it first. This is where we decode the future. 2️⃣ 28 Bars – The Micro-Structure That Sets the Bigger Move 🔵 Every larger trend begins with 28-bar fractals. 🔄 It’s the market’s heartbeat—the foundation of oil’s timing structure. 📊 The energy of 28 builds into 55, and 89 bars, creating the Fibonacci wave. 👉 If the 28-bar structure continues, then the next move is already written. 3️⃣ 28 Bars – The Perfect Symmetry Between Expansions & Corrections 🌀 28 bars mark the equilibrium between cycles. 📈 It’s the tipping point: does oil expand higher or reverse? 🎯 Every major event aligns with a 28-bar cycle, proving that time, not price, dictates direction. 📏 Historical Cycle Confirmations: ✅ COVID Low (2020) → Ukraine War Top (2022) = 28° angle steep rise. ✅ Ukraine War Top (2022) → Dec 2023 Low = 28-bar structured correction. ✅ Next move? The next 28-bar cycle will confirm oil’s next major shift. 👉 If oil respects this, the next major move is already locked in. 4️⃣ 55 & 89 Bars – Fibonacci’s Dominance in Time 🔹 55 bars → Corrective phase, rebalancing the trend. 🔹 89 bars → Defines macro tops & bottoms, marking cycle expansions. 📊 Proven Historical Fibonacci Cycles in Oil: ✅ COVID Crash (2020) → Ukraine War Top (2022) = 55 bars ✅ Ukraine War Top (2022) → Dec 2023 Low = 55 bars ✅ Now heading toward the next 89-bar cycle completion. 📌 This is the natural law of time unfolding in the market. 5️⃣ Where Are We Right Now in the Cycle? 📅 Short-Term: 🔹 We are inside a 28-bar transition phase—this is decision time for oil. 📅 Mid-Term: 🔹 2025 projected top (~90 USD) aligns with the next 89-bar Fibonacci cycle completion. 🔹 2026 projected low (~34 USD) falls perfectly into a 55-bar correction sequence. 📅 Long-Term: 🔹 Final 155-bar macro-cycle → January 2028 marks the next major cycle peak. 👉 We are already inside the structure—only time will reveal the path. 6️⃣ What This Means for Trading: We’re Not Guessing, We’re Seeing 📌 This is bigger than price—it’s the market’s time structure. 📌 If this cycle holds, oil’s movement is already prewritten. 📌 We are not following news; we are following time itself. 🚀 Are we heading toward a 2025 peak and a 2026 drop? What happens after the next 28 bar sequence? Let’s discuss! 👇
EASYMARKETS:OILUSD
by TEPELENA
5
USOIL WTI: Bullish Trend Analysis Hello my fellow traders. what do you think about Gold today. Current Price: 71.00 Date: 6 February 2025 Market is working under the range of 73.00 to 71.00. right now market is testing the lower areas but if market respect the range and does not gives the bearish breakout then Crude Oil's price will increase to 73.00 and if market gives a bullish breakout and breaks the range then its next target will be 75.00. Currently market is showing support and rejecting the breakout. In my opinion market is buy and the perfect entry for buy would be 71.00. Remember market is moving under the range and if market gives the bearish breakout then market can drop and if it gives bullish breakout then its target will be 75.00. Our Kye Points Areas: Support Level: 71.00, 70.00 Resistance Level: 73.00, 75.00 End Target: 75.00 Remember this analysis is not for trading its just an opinion. Kindly like and comment and support me. Thanks for your time
TVC:USOILLong
by Elite_FX_Analysis
Crude continues to slideCrude prices were a touch firmer in early trade this morning. They were at this time yesterday too, but sold off later in the day to record another negative session. With front-month WTI trading below $71 per barrel, the price has broken below several possible levels of support, all of which acted as resistance over the last four months of 2024. Crude is now approaching the 76.4% Fibonacci Retracement of the six week rally which began in early December. If it is unable to find support here, then a return to last year’s lows around $65 can’t be ruled out. The daily MACD has plunged from the overbought levels seen three weeks ago, yet is far from being oversold. Fundamentally, it seems that crude just can’t get a break. Supply remains plentiful, and could be more so if US producers heed President Trump’s call to: ‘Drill, baby, drill.’ Mr Trump’s tariffs on China, and tariff threats elsewhere, haven’t helped. At the same time, the outlook for demand growth looks uncertain as China, the world’s biggest energy importer, struggles to cope with its economic slump, caused by the implosion of its real estate sector.
TRADENATION:WTI
by TradeNation
Crude bouncingCrude prices shot higher overnight in response to President Trump’s insistence that he would be carrying through his tariff threat. As of Tuesday, the US will hit Canada and Mexico with 25% tariffs on their US exports, although the tariff on Canadian oil will be set at 10%, same as that on goods from China. Put together, oil from Mexico and Canada account for around 25% of all US oil imports. News of the tariffs saw crude prices jump higher overnight, with front-month WTI briefly topping $74.50, its highest level in a week. But prices pulled back subsequently, although were still significantly above Friday’s close. Complicating the matter further, there’s an OPEC+ meeting today. But members will probably be happy to see prices rising once again, and they are expected to keep their production cuts unchanged. Technically, crude prices were overdue a bounce, and had already started to recover from a two-week sell-off at the end of last week. This week should provide greater clarity over the length and strength of the possible rally.
TRADENATION:WTI
by TradeNation
Crude oil can continue to choose to shortThe U.S. Energy Information Administration (EIA) weekly report shows that the U.S. EIA crude oil inventory increased by 8.66 million barrels last week, the market expected an increase of 3.4 million barrels, analysts expected an increase of 1.03367 million barrels, and an increase of 3.463 million barrels in the previous week. The increase in EIA crude oil inventories in the United States for the week ending January 31 was the largest since the week of February 9, 2024. The increase in domestic crude oil production for the week ending January 31 was the largest since the week of November 22, 2024, ending the previous 7-week downward trend. The surge in short-term inventories is not conducive to the rebound of oil prices, and the shorts are accelerating downward. Crude oil rebounded today, stabilizing and rebounding around $71.0, and fell back after encountering resistance around $71.8. It is running in the low range, and pay attention to signs of pressure on oil prices. Layout strategy: short crude oil rebounds to 71.0-71.5, target 70.0-69.0, stop loss 0.5 USD If the oil price breaks above 72.5 USD/barrel, it will stop the expected shock trend and push the oil price back to the main bearish trend. It is expected that today's oil price will trade between the support level of 69.0 USD/barrel and the resistance level of 71.7 USD/barrel. The expected trend for crude oil prices today is bearish.
TVC:USOILShort
by eshweshw
LongGot it. In trading, resistance at 80.100 likely refers to a price level where an asset has historically faced selling pressure, preventing it from moving higher. When this resistance "breaks," it means the price has successfully moved above that level, potentially signaling further upward movement. Here’s how to confirm a clean resistance break: 1. Candle Close Above Resistance Look for a strong candle (preferably on a higher time frame, like 4-hour or daily) closing clearly above 80.100. 2. Volume Confirmation Increased trading volume during the breakout supports the strength of the move. 3. Retest of Broken Resistance (Optional) Sometimes, the price will retest the 80.100 level after breaking it. If it holds as new support, it's a bullish signal. 4. Avoid False Breakouts Watch for long wicks above the resistance followed by price rejection; that could indicate a false breakout. Are you tracking a specific market (forex, stock, or commodity)? I can help tailor advice based on that.
FX:USOILLong
by Rohan_Jas
USOIL Ready to Take Off Disclaimer: This is not a trading advice but a personal analysis only for the study purpose. Greeting: Kindly share you thoughts on USOIL in the comment section. USOIL Current Value: 70.90 USOIL after hitting highest entered the correction phase and now a reversal is expected. Market as its supporting area and previously market at this area supported USOIL and gave a bullish breakout. Now market is again at its supporting area from this position market will jump to 73.00 which will show a temporary resistance, however; if market breaks this area then its next target will be 75.50 and above. our buying area is 71.00 and our supporting area is 67.80 while our targets are 73.00 and 75.50 Supporting Areas: 71.00, 77.80 Targets: 73.00, 75.50 Like, comment and follow for more updates on USOIL
TVC:USOILLong
by ATF_Trades_FX
USOIL - ANALYSIS👀 Observation: Hello, everyone! I hope you're all doing well. Let me share my personal view on US Oil (WTI) with you. Based on the chart, I expect US Oil to move downward toward the 69.39 level. After reaching this price, I anticipate a bullish movement that could drive the price up to 83.50. 📉 Expectation: Bearish Scenario: A drop to 69.39. Bullish Scenario: A rise to 83.50 after holding the 69.39 level. 💡 Key Levels to Watch: Resistance: 83.50 Support: 69.39 💬 What’s your outlook on US Oil this week? Let me know your thoughts in the comments! Trade safe
TVC:USOILLong
by PouyanTradeFX
WTIWTI Crude Oil (West Texas Intermediate) Overview WTI Crude Oil is a benchmark for U.S. oil prices and is one of the most actively traded commodities worldwide. It plays a critical role in the global economy, and its price fluctuations are closely tied to supply-demand dynamics, geopolitical tensions, and macroeconomic factors. 1. Key Factors Affecting WTI Crude Prices: • Supply and Demand: OPEC+ production decisions, U.S. shale output, and global demand shifts significantly impact prices. • Geopolitical Tensions: Conflicts in oil-rich regions (like the Middle East) often cause price spikes due to supply concerns. • U.S. Dollar Strength: Since oil is priced in USD, a stronger dollar typically pressures oil prices downward. • Inventory Reports: • EIA Crude Oil Inventories (Wednesdays): Tracks U.S. oil stockpiles, influencing short-term price moves. • API Reports (Tuesdays): Offers a preview of official EIA data. • Global Economic Data: Growth indicators from major economies (like China and the U.S.) can influence demand expectations. 2. Best Times to Trade WTI Crude: • New York Session (8:00 AM - 2:30 PM EST): WTI futures trade on the NYMEX, making this period highly liquid. • EIA Inventory Release (Wednesdays at 10:30 AM EST): Often leads to sharp, short-term price movements. • OPEC+ Meetings & Announcements: Monitor these events closely for sudden price shifts based on production cuts or increases. 3. Popular Trading Strategies for WTI Crude: • Breakout Trading: Trade significant support/resistance levels, especially around inventory data or geopolitical news. • Trend Following: Use moving averages (e.g., 50-day and 200-day) to identify prevailing trends. • Range Trading: In low-volatility markets, capitalize on predictable price ranges between support and resistance. • News-Based Trading: React quickly to supply disruptions, OPEC decisions, or major geopolitical headlines. 4. Key Technical Indicators for WTI Crude: • Moving Averages (MA): Identify trend direction and dynamic support/resistance levels. • Relative Strength Index (RSI): Detect overbought (>70) or oversold (<30) conditions for potential reversals. • Bollinger Bands: Measure volatility and identify breakout opportunities. • Fibonacci Retracement: Use to pinpoint potential pullback zones in trending markets. 5. Risk Management for Crude Oil Trading: • Volatility Awareness: Crude oil is highly volatile—set stop-losses to protect your capital. • Position Sizing: Limit risk per trade to 1-2% of your account to manage potential losses. • Leverage Caution: Due to oil’s volatility, use leverage wisely to avoid large swings in account balance. • Stay Updated on Global Events: Oil is sensitive to geopolitical developments, so continuous monitoring is crucial.
THINKMARKETS:WTILong
by HavalMamar
Oil - Trade Tariff and Global Growth ProblemsThe week started with a gap higher on the Monday open to 75.99 in response to President Trump’s weekend announcement of trade tariffs on Canada and Mexico. This included import tariffs of 10% on energy from the two countries, impacting around 4.5 million barrels per day of oil supplies into the US. The rally quickly reversed in the afternoon, as headlines surfaced that the start date for the trade tariffs, which was to be Tuesday February 4th, had been delayed by a month. This came after last minute calls between the leaders of Canada and Mexico with President Trump, led to concessions on border controls. China was also the subject of weekend US trade tariffs on all goods of 10%, and as these went into effect on Tuesday, they retaliated with tariffs of their own on exports of commodities into the US. While their response was measured, the mere potential of a tit-for-tat trade war between the world’s two biggest economies was enough to send oil traders rushing to cut weak long positions, sending oil to fresh 2025 lows at 71.50. The fear is a protracted trade war between the US and China could negatively impact global growth, which in turn could have severe implications for oil demand moving forward. That said, the situation between the two countries is fluid and prices will be sensitive to any headlines suggesting a pause for discussions between the US and China, or deeper escalation of the trade war. Traders also need to be prepared for updates on potential US tariffs on the EU and any retaliatory response. All of which could influence oil prices. The technical outlook is also critical. Oil has seen a sharp sell-off since the 81.01 January 15th high, a move that that was only briefly interrupted at Monday’s opening, as threats of Trumps tariffs were digested by the market. However, the early price strength proved short lived, and resistance offered by the Bollinger mid-average currently at 76.24 held, prompting fresh weakness, as tariffs were postponed, easing concerns. The latest downside move pushed below potential 72.22 support, which is the 61.8% Fibonacci retracement of November 18th to January 15th strength. Much will depend on future price trends, but if this break is confirmed on a closing basis, it may lead to a more prolonged phase of price weakness. Next Possible Support: A previous correction low, where price weakness has been held and reversed to resume strength, can sometimes suggest the next support level during an extended price decline. If this is to be the case again, the next possible support could be 68.84, the December 20th session low, or, if this level was broken even possibly towards 67.06, which is the December 6th low. What About Potential Resistance Levels? Just because closing breaks of support offered by a 61.8% retracement have in the past prompted extended price declines, doesn’t mean it will do so again. As such, we must be aware of possible resistance levels. If price strength is seen, closing defence of 74.26 resistance, which is equal to 61.8% of this week’s decline, may be watched. Successful closing breaks above this level while not an outright positive, could see a more extended phase of price strength towards resistance at 76.23, the declining Bollinger mid-average. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:SPOTCRUDE
by Pepperstone
USOIL (Strong Support Holding or Bearish Breakdown Ahead?)WTI Crude Oil is currently testing a critical support level at 72.86, a zone that has historically acted as a strong foundation for price reversals. If buyers defend this level, we can expect an upward move toward 76.20, the first key resistance. A successful breach of this resistance could further push the price toward 78.21, followed by a potential test of the broader resistance zone between 80.44 and 82.79. However, the risk lies in a confirmed 4-hour or daily candle close below 72.86, which would indicate a weakening bullish presence. In this case, the price could break lower, targeting 70.43, with further downside extensions to 68.57, 66.87, and even 64.53. For now, 72.86 remains the decision point—a hold above it suggests bullish continuation, while a breakdown below could confirm a bearish trend. Traders should watch for confirmation before making moves.
TVC:USOILLong
by ArinaKarayi