USOIL trade ideas
USO USD Oil consider buying. Finally!
USOUSD has opened up in Asia Friday with nice volume and very early a Higher High in price.
There's even a hint of a pullback in price.
USOIL Will Go Higher From Support! Buy!
Take a look at our analysis for USOIL.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 73.23.
The above observations make me that the market will inevitably achieve 75.54 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USOIL MARKERT ANALYSIS AND PRICE PREDICTION USOIL, is selling now, its on a journey downward to mitigate an order block at an institutional renegotiation zone. After mitigation, price will consolidate there and decision will be taken in favor of the Bull. Price Will break a "W" structure and will retrace a bit to give the Bulls a perfect Entry at 61:8% discount price. Watch out for this moves in few Days to come and go long with it when price reaches the perfect entry position.
Entry, Take Profit and stop loss are clearly marked out on the chats.
GOOD LUCK GUYS!
USOILUSOIL is in reversaal zone.
Trend will be reversal from here.
Aligator face is open upward which indicates it will go up from here.
we buy at CMP.
USOIL BULLS ARE STRONG HERE|LONG
Hello, Friends!
USOIL pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 76.57 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Oil Market Update: Bearish Trend ContinuesOil Market Update: Bearish Trend Continues
The oil market is currently facing a bearish trend, with prices experiencing a significant decline. The highest price was recorded on January 15th at $80.73 per barrel, and it has since dropped to $74.50 per barrel, representing a depreciation of nearly 8.5% over about 9 days
Technical Analysis:
Technically, the price decline has broken several support levels, confirming the bearish trend. The next potential targets for the oil price are $73.00 and $71.30, which are critical support levels.
Key Factor Driving the Decline:
U.S. President Donald Trump demanded OPEC lower oil prices and the world drop interest rates in a speech to global business and political leaders and warned them they will face tariffs if they make their products anywhere but the U.S.
You may find more details in the chart!
Thank you and Good Luck!
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US OILUS OIL has made a double bottom with bullish divergence. A long position can be considered on the breakout
Bullish bounce?USO/USD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 72.78
Why we like it:
There is an overlap support level.
Stop loss: 71.50
Why we like it:
There is a pullback support that is slightly above the 71% Fibonacci retracement.
Take profit: 75.04
Why we like it:
There is a pullback resistance level.
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update usoilHow are you doing with these good markets, friends?
Today we have an update oil as well
In the past days and weeks I talked about rising from the 69.750 areas as a key to rising when oil was negative on the daily frame negative and we have a rise to the $80 point
And we will see more rising with the break of the 72.500 area and indeed we saw this rise as we expected
And I told you that it is expected that we will see a decline with reaching this level and indeed today we saw a somewhat violent decline from the small time frames
We have two scenarios
The first is that the daily time frame is still positive but we will see a decline on the small time frames and this will take us to levels perhaps 73 and rise again
The other scenario is if it is broken strongly next week or this week with the weekly closing it will turn into a negative daily frame and we will go to lower areas
We will see more decline until 69
You have this chart you can check the break of each line where the market will go
CRUDE OIL Will Go UP! Buy!
Hello,Traders!
CRUDE OIL made a massive
10% bearish correction but
Then it hit a horizontal support
Of 72.89$ and a bullish rebound
Is already happening so we
Are bullish biased and we will
Be expecting a further move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Market Analysis: Oil Takes a HitMarket Analysis: Oil Takes a Hit
Crude oil is showing bearish signs and might decline below $72.20.
Important Takeaways for Oil Price Analysis Today
- Crude oil prices failed to clear the $80.00 region and started a fresh decline.
- There is a key bearish trend line forming with resistance at $73.85 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to clear the $80.00 resistance zone against the US Dollar. The price started a fresh decline below the $76.35 support.
The price even dipped below the $75.00 level and the 50-hour simple moving average. The bulls are now active near the $72.20 level. A low was formed at $72.16, and the price is now consolidating losses. If there is a fresh increase, it could face resistance near the 23.6% Fib retracement level of the downward move from the $79.44 swing high to the $72.16 low at $73.85.
There is also a key bearish trend line forming with resistance at $73.85. The first major resistance is near the $75.80 level or the 50% Fib retracement level of the downward move from the $79.44 swing high to the $72.16 low.
Any more gains might send the price toward the $76.35 level. Any more gains might call for a test of $79.45. Conversely, the price might continue to move down and revisit the $72.20 support. The next major support on the WTI crude oil chart is $70.00.
If there is a downside break, the price might decline toward $70.00. Any more losses may perhaps open the doors for a move toward the $68.50 support zone.
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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 ascending channel. In case of a downward correction towards the demand zone, the next opportunity to buy oil with a suitable reward for risk will be provided to us. A valid breakdown of the drawn downtrend line and preservation of the channel will pave the way for oil to reach the drawn ranges.
Under the pressure of imminent sanctions planned by the Trump administration and the debts Iran now owes to China, the country has begun offloading crude oil that had been stored in Chinese warehouses for years. This oil, shipped to China between 2018 and 2019 but not officially declared in Chinese customs records, was kept in isolated, pre-designated storage facilities. With storage costs reaching hundreds of millions of dollars, Iran is now obligated to cover these expenses. So far, 5.4 million barrels of oil have been removed from a Chinese port, transported by a total of four tankers.
According to a Bloomberg report, OPEC+ is likely to maintain its current supply policy in its meeting next week. This decision contradicts the request of U.S. President Donald Trump, who has urged oil producers to increase output to lower prices and exert more economic pressure on Russia to end the war in Ukraine. Under the current plan, oil supply restrictions will remain in place for this quarter and will gradually ease starting in April.
Donald Trump plans to sign an executive order to initiate the development of a “next-generation” missile defense system in the United States. This system, modeled after Israel’s Iron Dome, is designed to protect the U.S. from ballistic missile attacks, hypersonic missiles, advanced cruise missiles, and other modern aerial threats.
According to the released information, the executive order aims to establish an advanced space-based missile defense system capable of detecting and neutralizing missiles launched toward the U.S. Conceptually, this resembles Israel’s Iron Dome, which has been used for years to intercept and destroy rockets fired from Gaza. The U.S.government has already invested billions of dollars in developing Israel’s Iron Dome, and the American military possesses its own missile defense systems.
The order describes missile attacks as a “catastrophic threat,” but no details have been provided regarding the project’s costs or timeline. Developing a comprehensive missile defense system for a country as geographically vast as the U.S. is a highly complex and costly endeavor. Additionally, the emergence of next-generation missile threats, such as hypersonic missiles that travel at extremely high speeds, presents significant technical challenges. This indicates that the project will require substantial investment and time for completion.
WTI - Daily TradingRange ZoneBLACKBULL:WTI is oscillating between two key trend lines, and after hunting liquidity under the last bullish leg, another upward move is possible. This setup presents buy opportunities on lower time frames, and I’ll update this idea accordingly.
Additionally, oil remains within a broader trading range, reacting precisely to the mid-zone, which has previously acted as dynamic support. This level could push prices higher in the short term.
📈 Watch for potential bullish setups and follow for timely updates!
USOIL Maintains a Persistent Bearish BiasThe WTI barrel has experienced a loss of over 8% since mid-January, mainly because the peace agreement between Israel and Palestine has come into effect without issues, and Trump’s ongoing comments about increased production in the United States have contributed to the bearish sentiment. Both factors have led the market to expect growing supply and weak demand prospects, which has inevitably sustained bearish pressure on crude oil prices.
Lack of Clear Trend:
Recent movements have caused the barrel to accumulate a prolonged bearish correction, casting doubt on the bullish trendline established since December 2024. Now, the price faces a key support zone, which could serve as a decision point for a potential sustained bearish trend.
ADX:
The ADX line has consistently oscillated above the neutral level of 20. However, recent movements show a current downward slope, indicating a lack of clear trend in the market. If the ADX line continues to decline, the current bearish movement may struggle to break through the existing support zone.
MACD:
Both MACD lines are consistently declining, and the histogram remains below the neutral line at 0. This indicates that bearish pressure continues to dominate in the short term. However, recent histogram readings have not reached progressively lower levels, suggesting indecision in the current bearish movement, which could allow for short-term upward corrections.
Key Levels:
$72: The current support level on the chart. Oscillations below this level could further increase bearish pressure and pave the way for a more defined downward trend.
$78: The last high reached by the barrel of crude oil. Bullish oscillations that revisit this level could revive the short-term upward trend that was forming since December.
By Julian Pineda, CFA - Market Analyst
CRUDE OIL WILL GROW|LONG|
✅CRUDE OIL went down to retest a horizontal support of 73.00$
Which makes me locally bullish biased
And I think that a move up
From the level is to be expected
Towards the target above at 75.00$
LONG🚀
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3000 Pips projectionGBPUSD : While there’s potential for a bullish continuation, the key condition is for the price to close above 1.2575 on the 4HTF. If this condition isn’t met, the bearish bias takes precedence, with a projection of over 200 pips to the downside before confirmation.
XAUUSD : Stay alert to the two potential scenarios previously outlined. Prepare for a significant market swing as price action unfolds.
USOIL : Anticipate a major market movement, with price expected to hit the 71.35 zone. If the stated conditions align, this could trigger a possible 1000-pip swing to the upside.
EURAUD : A clear structural shift is evident. We’ll wait for a decisive confirmation before targeting a 500-pip move to the upside, contingent on meeting the specified conditions.
Don't see what you'd love to see, only see what the market shows you.
Patience is the Way!Ieios.
Monitor resistance to enter a long trade.If static resistance is broken, the upward movement continues for oil.
US oil for longPrice was previously ranging, broke out and retested the neckline. Price broke out of the bearish channel wait for a retest of the support zone and we can go long.
WTI will rise UPThe price has completed wave 2 and is starting wave 3, with targets of 75.50, 77.80, and 80.
invalidation level is 71.
