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?
USOILSPOT trade ideas
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."
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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.
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.
WTI OIL: Bearish Channel with a Potential Upside BreakoutWTI OIL: Bearish Channel with a Potential Upside Breakout
WTI CRUDE OIL continues to trade within a well-defined downward price channel , with minor breakouts failing to gain traction due to the lack of consolidation. This price action suggests that the market remains under bearish pressure, but the structure itself hints at a possible reversal.
According to classic technical analysis, prolonged movement within a descending channel often leads to an upward breakout , as selling momentum weakens and buyers step in. To confirm this bullish scenario, we need to see a strong breakout above the upper boundary of the channel , followed by price stabilization and a retest of key resistance levels.
On the other hand, if sellers maintain control and we see increased bearish momentum, oil could continue drifting lower within the channel, delaying the potential breakout.
Should closely watch volume dynamics and key resistance levels for signs of a shift in market sentiment.
CRUDE OIL - in plain and simple viewObserving crude without noise and with lens of pure price action. It's the law of physics that things cannot be compressed for too long, hence I see range break soon, with bias on upside as lot of pending liquidity is there with imp FIB levels already tested.
Trump's pressure on OPEC prompted the drop in USOIL prices.
President Trump's steadfast dedication to lowering oil prices is driving the decline in WTI prices. During the WEF in Davos, Switzerland, he made it clear that he would demand Saudi Arabia and OPEC to reduce the price of crude oil. He boldly stated that lower oil prices could potentially lead to an end to the war in Ukraine. According to CSIS, Trump's call for reduced oil prices is a positive move for consumers and businesses but it is the one that the US oil industry will regard with caution.
Failing to rise above EMA21, USOIL shows consolidation near 73.40. The price remains within the descending channel, and both EMAs have widened apart, indicating a potential continuation of the bearish momentum. If USOIL fails to breach EMA21, the price may fall further to the support at 71.50, where the channel’s lower bound coincides. Conversely, if USOIL breaches above EMA21 and the channel’s upper bound, the price could gain upward momentum to 74.50
WTI breakout from downtrend channelWTI breaks out from the upper downtrend channel line with potential for more upside if it holds
USOIL WANT TO BUY 📢 Trading Alert: USOIL ANALYSIS 📊
📉 Support Touched: $72.70
📈 Buy Confirmed Above: $73.00
🎯 Target Levels:
Level 1: $75.30
Level 2: $78.50
Level 3: $80.00
⏳ Indicator: EMA50
⏱ Time Frame: 1H
💡 Stay vigilant and manage your risks! 🚀
WTI Oil - Potential Long Opportunity61.8 retracement after bullish run after consolidation for weeks
72.735 strong resistance turned support
4H 200 ema
If price pushes past 61.8 after bounce looking at 78.6% and then 100% and then 127.2%
USOIL LONG!!I saw an opportunity on oil price rejecting from the 15 MIN BISI and taking out the London low there's probabilities price will continue expanding higher to the NDOL, that's my take xoxo.
