US CRUDE OIL SHORTUS Oil has been very volatile in the last few weeks. So I decided to take a Short or Price, sone after I noticed Price was much more unstable and Bulls were aggressively stepping in so I decided to close in small profit.
USOIL trade ideas
USOil updateHow are you my friends?
I talked about this chart before at 80 and that the decline does not mean a collapse
This is the result of my words and as I saw it I was with you in the rise before to 80 approximately then with you in the decline then the rise again in the coming days
Today we saw the level of 70.380
And we notice that it will touch the blue diagonal line
Then the line will be broken, we will see more decline
And we will soon see areas below 70
We will update the markets soon
Bearish Uncertainty Over WTIHI there,
WTI has the potential to reverse from the 69.95 area and turn bullish up to the 78.82 highs.
76.01 is the price target. If the price drops below 68.00, it will invalidate the setup.
Happy Trading,
K.
Not trading advice.
USOIL SELL SET UP USOIL is technically on a downtrend. It has been making a series of highs and lows around the intermediate zone . It has created a nice high at 75.000 which I have considered as the second touch of the trend line because it is a psychological level . Let’s patiently wait and see how price reacts on the third touch of the trendline . If it gives a nice price action rejection we can join the sell, for now let’s keep watching.
Key zone to monitor: 74.296
7% sell off for wtiusd/ oilas you can see we are stuck in trading range and there is 80% probability for staying in the trading range so the strong scenario is the purple arrow and the 20% scenario is for the red arrow line . dude you can short wtiusd
OIL is about to pump?In this #usoil chart, it seems 2nd corrective wave is done and MARKETSCOM:OIL price is preparing for the 3rd impulsive wave.
Oil short When there is a clear road map its easy to follow directions. This move has been brewing, I spent January trying to catch the higher. I have targets much lower. I will be scaling out profit on the way down.
When a new entry presents itself will take it.
UsOil / Crude oil insight I'm anticipating price to dump back to 73.390, Clearing the inducement at 73.485 then pushing to the upside till price break the current high.
Do you find this insightful?
USOIL TF 3D 3225wait till price come into the zone and break out with big green/red candles
entry (TF 2h,4h)
SL at previous low/high
TP at Fibonacci
This is the result of oil Rise as expectedIn my previous analysis, I told you that oil was on the rise, and this is the result: a 5% increase in oil.
USOIL is taking off Broke the down trend with a massive bullish candles which means theres some liquidity on that support zone
LONG ON OILEconomically - Trump has placed Tariffs on Canada, Mexico and China
Technically - Chart has given a falling wedge into a major support/demand zone and has broken a downtrend line to the upside.
I expect oil will reach $80
Entry - 73.88
SL - 71.39
TP - 80.00
USOIL Trade Update📢 FX:USOIL Trade Update
Hey Traders!
Following recent fundamental and technical developments, we’re seeing strong bullish momentum on Crude Oil.
🔹 Fundamentals:
Trump's new tariffs are driving market sentiment, pushing oil prices higher.
Despite last week’s excess supply from the US oil stock inventory, Crude held strong at $72 and failed to close below the 38.2% Fib level, signaling strong buy pressure.
🔹 Technicals:
The descending channel breakout confirms a bullish reversal.
This rally was triggered by the tariff remarks, and if more tariffs are imposed, we could see Crude pushing towards $80+ in the coming weeks.
🎯 Plan of Action:
We’ll be looking for buy/long positions on market open (Monday), ahead of the next Crude Oil inventory report. Regardless of the report outcome, momentum suggests higher prices for the black gold.
📊 Stay ready, and trade smarter! 🚀
OIL analysisPrice successfully rejected a small demand zone and bullish momentum is building up.there was liquidity sweep in the 1D timeframe.expecting price to go to the supply zone then continue it's trend
WTI on high time frame
"Dear traders, concerning WTI, the price has touched $73 and has been technically rejected from this level. Candle formations on higher time frames suggest a potential increase in price. Considering the political and geopolitical factors outlined in this article (www.tradingview.com), if the price can hold above the $73 zone, my view is that the next target could be $76."
If you have any specific questions or need further assistance with your message, please let me know!
USOIL buys Price has reached the discount level of this recent swing and tapped into a weekly FVG, and an OB inside the FVG giving desired reactions.
Looking to go long on this, already on the first position.
Trade safe🥂
The Oil price & its pullback is almost ready to turn back around
The only thing I might keep a watchful eye on is the Dollar which now is also puling back but possibly moving higher soon.& hopefully I have a Buy on the daily chart soon on the oil price.
What are traders thoughts about the traditional inverse relationship between oil and the dollar?
What we know is that the Dollar has already made a significant move in it's rally and now it's time for the weekly candle in oil to pump this thing higher.
It won't be as lucrative pulling into a petrol station.
The monthly Oil cycle since April fool's day 2020. Am I a fool?
I will keep this brief as it might be a Fibonacci witch-hunt. The oil bull-run commenced in April of 2020 & that commencement is flagged with a green vertical broken line. Note the Fibonacci zero-level as well from 04/2020 and a trend line extended to oil's high price made in March 2022.
You will see ChartPrime's 'smart money indicator' print a green bullish up arrow (thick) in Oct. 21.
Th monthly chart clearly shows the very bottom AlgoAlpha volume indicator where volume was at a peak coinciding with the higher monthly price around the 1st & 2nd quarters of 2022 and as this indicator turns red on lesser volume we see that monthly candles turn bearish red as you would expect and down price goes to July 2023 which for reference I also denoted with a vertical broken white line.
Did I say something about making this short? I will try & wrap this up.
I continue to be bullish for oil purely from its higher TF charts. Here is why in brief form.:
1. Fib levels are more precise in higher TF's, correct me if I'm wrong? Price is still in the golden zone near 50%.
2. Oil on this chart was in a consolidation period since Sep. 2024 but look what price is doing in the monthly candle we are currently in. I.e.. It is breaking higher. (I picked an oil long trade a few weeks back, around Xmas, check my TV publication if you would prefer)
3. The volume indicator is at the lows of historical volume but Algo' in their instructions state a geen circle print is quite likely a bullish turning cycle in volume. Plus weekly & daily volume is very high.
Look, there's much more indicating another strong run and if and whennprice breaks higher of the Sep '23 candle it will be a huge breakout to test those early 2022 highs. This could coincide with a world recession and a breakout in the oil price.
Crude Oil Update – Jan 29📊 Crude Oil FX:USOIL Update – Jan 29
Lol, the market somehow found its way to our buy-zone! 🤔
🔹 The big question now— do we take the trade or wait?
🔹 Ignoring the fundamental report this time, focusing purely on technicals.
🔹 If price dips lower, even better—we’ll get a stronger buy entry. If not, we wait for a clear bullish breakout before making a move.
Keeping a close watch—stay tuned! 👀🔥
Oil analysis before interest ratesIf oil manages to break its downtrend line upwards and exit the channel, it will move towards the specified target.
Oil testing supportCrude prices were a touch softer in early trade this morning. Yet prices for WTI appear to be oscillating around $73.85 – a level which represents the 50% retracement of the rally from early December to the recent high of $80.61. It also marks a point on the downwardly-sloping trendline which was broken above nearly three weeks ago, and is now being retested as support. Could this mark the end of a correction from recent highs? And if so, could that mean that oil is now consolidating ahead of another rally attempt? It’s certainly possible, particularly as the daily MACD has pulled back sharply from the overbought levels seen two weeks ago. But aside from the technical picture, there are plenty of unknowables on the fundamental side. Chief amongst these is what President Trump is going to do about tariffs. Soon after his inauguration, just over a week ago, he threatened 25% tariffs on Canadian and Mexican imports from 1st February, along with a mention of a 10% tariff (down from 60%) on China. On Monday, Scott Bessent was confirmed as the new US Treasury Secretary. He began his appointment by calling for a universal tariff of 2.5% on all imports to the US. This surprised market participants, most of whom had come to expect that tariffs would be threatened/applied on a ‘case-by-case’ basis. As far as oil is concerned, both Canada and Mexico export oil to the US.
Get set to buy the Oil Price with support on Daily TF.
We have 3 Daily candles adjacent to prior support. I like this zone. I thought Oil was going up a week ago but this i the golden moment coming into play, pull out MACD Zero Lag indicator and lets wait for Signal line have to receive an upwards and bullish cross by the Macd line.
Prefer price action, hey so do I, but my Macd is like a child I care about.
