TQRGET REACHED ON CRUDE OILEarlier I posted to buy on CL1! | USOUSD | CRUDE, after that I posted to sell and reverse the position, now the market reached our target which was the LQ Level, 2 good trades today!
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USOIL trade ideas
XTIUSD WTI CRUDE: Momentum BreakoutIt’s a momentum Breakout. Buy targeting 71.45 and 73.10. Risk under 69.98
TRADE REVERSED ON CRUDE OILI posted earlier to sell on CL and I didn't post to reverse the position after that we got a reversal, now we're targetting the BS LQ.
SELL CRUDE OILI'm sharing with you another trade today and this time on CL | USOIL | USOUSD, you xan sell targetting the same level as mine with the same SL.
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WTI - Short Setting UpWTI - Is almost at my sell zone.
Once we hit the sell zone, if we do, then I will be looking for price action and also for the buy orders to be fading out.
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❗❓
WTI/USOIL Energy Market Heist Plan on Bullish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the WTI / USOIL Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a bull trade anywhere,
however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low level.
Goal 🎯: 73.500
Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
Bearish drop off 61.8% Fibonacci resistance?WTI oil (XTI/USD) is rising towards the pivot which is an overlap resistance and could reverse to the 1st support level which is also an overlap support.
Pivot: 70.60
1st Support: 69.25
1st Resistance: 71.44
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Crude oil longCrude oil long
💎Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
⛔️INSTRUCTIONS 1:
Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss
⛔️INSTRUCTIONS 2:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
USOIL SHORT FROM RESISTANCE
Hello, Friends!
We are now examining the USOIL pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 66.51 level.
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1218 USOIL another new chance to follow daily trend.Hello traders
The fundamentals of crude oil have not changed much, but on the technical charts, the bottom consolidation pattern leading to a decent price movement is very frustrating.
At the weekly level, the analysis of the bottom trend breaking through the red trend line is still considered limited.
On the 4-hour chart, crude oil has fallen below the EMA and the first resistance level, which diverges from the daily chart (where the candlestick is above the EMA) and the weekly chart (which has broken through the bottom resistance line), presenting a dilemma in decision-making.
Approach 1: One can choose to enter new long positions after the 4-hour chart returns above the EMA.
Approach 2: Alternatively, one can opt for a larger risk-reward ratio, entering the market when the 4-hour chart is below the EMA while maintaining a bullish outlook on the daily and weekly charts.
For existing long positions that have not hit the stop loss, it is recommended to hold on, based on the second approach mentioned above.
TP1: 71.5
TP2: 72.0
TP3: 72.70
GOOD LUCK!
LESS IS MORE!
WTI: Head & Shoulders Could Trigger Drop to $67.48OANDA:WTICOUSD
On the 120-minute timeframe, WTI Crude Oil has shown a notable bearish setup. After the formation of the bearish alt-Bat pattern at $71.14, the price dropped to $69.22, where a new fractal support was established. This level reinforces a previously used support zone, which is crucial for the next possible price pattern.
With this support reinforcement, there is a potential for the formation of a head and shoulders pattern, with the neckline at $69.22. It’s important to note that the pattern will only be validated if the price breaks below this fractal support. If validated, the pattern could trigger a decline towards the 200% Fibonacci extension level at $67.48.
Key Takeaways for WTI Crude Oil:
Bearish alt-Bat pattern formed at $71.14.
Price dropped to $69.22, establishing a new fractal support.
A potential head and shoulders pattern is forming, with support at $69.22 acting as the neckline.
Break below $69.22 would validate the head and shoulders pattern.
If validated, the price could fall to $67.48, aligning with the 200% Fibonacci extension level.
Oil Market Analysis - 17/12/2024The oil market is currently under pressure, with WTI down to $69.30 and Brent at $72.66. The main causes are:
Pemex Production Recovery: Oil platforms in the Gulf of Mexico have returned to full capacity after improved weather conditions and the end of the hurricane season. This has increased available supply, partially offsetting the decline in Russian production.
Decline in Russian Crude: Russian maritime oil exports have fallen by 11% since October due to maintenance at a key terminal. This has temporarily limited flows but has not significantly supported prices due to increased production from other sources like Pemex.
Strengthening US Dollar: The Dollar Index (DXY) is around 107.00, gaining strength thanks to preliminary US PMI data for December, which signals the fastest economic growth in 33 months, driven by the services sector. A strong dollar negatively impacts oil, making it more expensive for buyers using other currencies.
API Expectations: Crude inventory data from the API, scheduled for 21:30 GMT, could add volatility. Last week, there was a build of 0.499 million barrels.
EU Sanctions: The EU has imposed sanctions on a Dutch trader involved in trading Russian oil above the price cap. The impact on volumes remains limited for now.
Oil Technical Analysis
Price Range: Oil is trading within a range between $67.00 (support) and $71.50 (upper resistance), with this band likely extending into January 2025.
Resistance: The key resistance is located at $71.03 (100-day SMA) and $71.46, where prices encountered selling pressure last week.
A breakout above $71.03 could push prices toward $75.27, but caution is needed for quick profit-taking as the year-end approaches.
Support: The first solid support is at $67.12, a level that held prices in May-June 2023. A break below could see crude testing the 2024 yearly low at $64.75 and then $64.38, the 2023 low.
WTI Short - if we see the following play out.Looking at fair value gaps, and imbalance in the markets. This morning I identified the fair value gaps on WTI, as you can see on the chart it is playing out according to plan.
If the price now continues to rise and starts to turn round when it hits the sell zone on the chart, then I will look for the following before I take the short.
- Price Action
- Deal flow where the buyers are running out of steam, and the sellers are starting to take over.
If this happens then I plan a short on WTI.
James
Sandrock
usoilUSOIL bearish targeting liquidity at lower levers leaving behind bearish FVG may retrace in before continuing lower
USOIL Under Pressure! SELL!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 71.02
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 69.73
My Stop Loss - 71.80
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
USOIL Head & ShouldersFor most of this year I've felt that oil was going to get cheaper, and we've already seen the first leg of that, and then the last few months we've been going sideways. I believe this chart is very close to making its mind and resolving down, given this nice head & shoulders pattern currently. If this H&S breaks down I think oil will enter a great sell-off during the first half of 2025.
USOIL MARKET ANALYSIS AND CURRENT PRICE PREDICTIONlast Week, USOIL played out exactly as i Predicted and Analyzed, The Bears have currently taken over. USOIL has finished consolidating at the Big Boys Renegotiation Zone. Decision has been taken already in favor of the BEARS, price is going to retrace a bit to retest the Bearish order Block and gave the BEARS a perfect Entry at 61.8% Premium Price To Sell. The target is the renegotiation support to mitigate the Bullish order Block There and to Sweep off the Sell side Liquidities.
Entry , Take Profit and Stop Loss Clearly Marked out on the Chat.
GOOD LUCK GUYS!
USOIL PLAYED OUT EXACTLYI dropped this analysis last week an USOIL, played out exactly. The Bears have taken over now
Analysis of the 1-Hour Crude Oil Chart (WTI)1. Rising Wedge Pattern: A rising wedge has been detected, which is a bearish reversal pattern. This typically signals a potential price breakdown. The wedge resistance aligns near 71.00–72.00, indicating a potential cap.
2. Key Zones: Premium Zone: Around 70.80–71.00, where sellers have shown dominance previously.
Equilibrium: Price around 68.90 marks a fair value where buyers/sellers balanced previously.
Discount Zone: Strong demand zone lies between 66.50–67.00, suggesting significant buying pressure.
3. Moving Averages:
Price is above the 200 EMA, indicating an overall short-term bullish trend, but the rising wedge introduces caution.
4. Support Levels:
Immediate Support: $70.00
Next Support: $68.90 (Equilibrium level)
5. Indicators:
Volume Analysis: Lower volumes during the upward move suggest weakening bullish momentum.
Momentum: If price fails to sustain above $70.80, sellers may take control.
Trade Strategy
1. Short-Term Bearish Setup:
Sell: Near 70.80–71.00 (wedge resistance).
Target:
1st Target: 69.50 (initial drop support).
2nd Target: 68.90 (Equilibrium level).
Stop-Loss: 71.50 (above wedge resistance).
2. Long Setup at Discount Zone:
Buy: Near 67.00 (discount zone support).
Target:
1st Target: 69.50
2nd Target: 70.50
Stop-Loss: 66.52
Key Watchouts
A confirmed break below the wedge at $70.00 will validate a bearish move toward 68.90.
A break above 71.50 would invalidate the bearish setup and signal further upside toward 72.50–73.00.
Trade cautiously around the rising wedge, as breakdowns can be sharp. Use stop-losses to manage risk effectively.
Crude OilUS Oil - Crude Oil
Falling Wedge as an Corrective Pattern in Short Time Frame
RSI - Divergence
Order Block
Completed " 12345 " Impulsive Waves
Break of Structure
USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 70.28 area.
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