US OIL SHORT RESULT Took another hit on Crude oil.
Apparently price was going to retest our Resistance Zone twice (as seen in chart).
I taught it was going to test our Support and Trendline.
Looking forward to better TA on Oil now.
USOILSPOT trade ideas
USOIL, oil trend analysis (hot news)USOIL: Due to a drone attack on a Russian oil pipeline pumping station, the oil flow from Kazakhstan has decreased. David believes that the price will rebound to the upper side soon
BUY:71.2
TP:71.6
TP:72
SL:71.00
If you agree with my analysis, please continue to pay attention. I will share my views for free later - (David)
If you don't know when to trade and want to avoid risks, you can continue to pay attention. TVC:USOIL FX:USOIL
USOIL: Continue to buy USOIL. Wait for a surge.Yesterday, after my precise analysis and the announcement of the trading plan, the oil price successfully achieved the target of 71.5 after the passage of time. The increase was more than 15p. This profit is very optimistic. Many traders also witnessed this moment.
London market oil prices hit a higher position again, and strengthened again after stepping back to the position of 71.5. The New York market has not yet opened, and it is expected that there will be another upward impact. Therefore, the oil price will most likely continue to create a new high in the next few hours. Preliminary estimate 72.8-73.3
The current price is at a relatively low position. Therefore, it is reasonable to buy USOIL to go long on oil prices.
BUY: Buy near the current price of 71.8
tp72.8
sl71
Set stop profit and stop loss while trading to control risks to the minimum. Only in this way can you obtain better profits in the financial market in the long run and make your account go further.
Oil price rises according to yesterday's analysisAs I expected, the $70 level was again excellent for oil, rising nearly 2%.
Oil price rebound?I think it's time for the oil price to make a comeback
Because it has reacted well to the $70 level again
Keep an eye on it
Bearish drop?WTI Oil (XTI/USD) is rising towards the pivot and could drop to the 2st support level which is an overlap support that aligns with the 161.8% Fibonacci extension.
Pivot: 71.47
1st Support: 69.15
1st Resistance: 72.74
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.
Disclaimer:
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.
USOIL EXPECTED MOVE ! SELL OPPORTUNITYUSOIL is showing signs of bearish momentum, indicating a potential selling opportunity. The price is facing strong resistance and struggling to break higher, suggesting a possible reversal.
If sellers take control, we could see a move downward toward key support zones. Confirmation signals such as bearish candlestick patterns or a breakdown of structure will strengthen the sell setup.
Traders should stay alert, wait for a proper entry, and manage risk wisely. The next move could be a profitable short trade! 📉🔥
Technical Analysis by Ali Khan
WTI CRUDE OIL Waiting for the 4hour MA50 to break.WTI Crude Oil / USOIL has turned sideways on the 4hour time frame, neutralizing the bearish trend of January.
Right now there is a clear Support and Resistance Zone, with the 4hour MA50 getting the last rejection.
If this breaks and closes a candle over it (4hour MA50), it will be a bullish signal like February 10th.
We are already on a MACD Bullish Cross which was the first bullish signal in early February.
So if Oil gives that MA50 break out, buy and target the bottom of Resistance A at 73.25.
Follow us, like the idea and leave a comment below!!
WTI intradayPrice is approaching the orderblock level. I set an entry on 71.33 with a 40 pips SL and 70.13 as final target we could also set a partial profit on 70.72
Overall this looks a good setup price is slowly approching our OB level and general trend on higher timeframe is to the downside.
This is based only on technical but I also understand that some fundamentals could reinforce this setup. Good trade.
WTI Light crude oil Long. WTI Needs to rebalance on the weekly chart. 3 Target´s provided. Trade at own risk.
Oil weekly forecast with buy and sell levelsOil on the weekly chart shows a strong downtrend probably due to economic policies and over production.
This week we have to remain cautious and stick to known levels off previous support and resistance.
For a buy ill look at entering at 70.80 and follow up through the marked levels.
For a sell entry ill look at 70.20 expecting 69.30, 67.80 and high support at 67.00 to 66.80 levels.
Check out my other trade ideas linked below for Gold
SELL USOILAs you can notice on the chart, the price reached the liquidity zone, pilled back on it to give us a confirmation of the reversal.
You can sell and set your TP and SL as I set mine on the chart.
Follow for more!
LongUse proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice.
Oil Prices Struggle Below 71.78 – Bearish Trend in Play USOIL Analysis – February 17, 2025
Oil Holds Steady Amid U.S.-Russia Talks and Kurdistan Export Hopes
Oil prices remain stable as the market watches geopolitical developments, with U.S. and Russian officials set to meet in Saudi Arabia to discuss a potential resolution to the Ukraine conflict. Brent crude and WTI both saw a slight uptick of 0.4%, reaching $75.07 and $71.02 per barrel, respectively.
The overall sentiment suggests that demand for physical oil remains weak, while a potential peace agreement could lead to the lifting of Western sanctions and a partial resumption of Russian oil flows to Europe. Additionally, Iraq’s Kurdistan region has signaled that its long-halted oil exports might resume next month, adding further uncertainty to supply expectations.
Technical Outlook
WTI crude remains in a bearish trend as long as it trades below the 71.78 - 72.72 zone. If the price fails to reclaim this range, further downside pressure is expected, with targets at 68.55 and 67.03 per barrel. Given the current geopolitical landscape, sellers should remain in control unless a significant bullish catalyst emerges.
Key Levels to Watch
🔹 Pivot Zone: 70.50 - 71.78
🔹 Resistance Levels: 72.72, 75.00, 77.37
🔹 Support Levels: 68.53, 67.03, 63.51
📉 Trend Outlook: Bearish while below 71.78. Further declines could accelerate if 68.53 is breached.
Previous idea:
WTI Oil H4 | Potential bearish reversalWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 71.62 which is a pullback resistance.
Stop loss is at 72.20 which is a level that sits above an overlap resistance.
Take profit is at 69.58 which is a swing-low support that aligns close to the 127.2% Fibonacci extension level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USOIL:Go long on oil prices, or hold a buy orderusoil:
Technically, there is no demand for a rebound. The ultra-short-term technical pattern shows a triangular consolidation range. At the same time, reducing the oil price in some areas will also increase the demand for oil to a certain extent. At the same time, the factor of geopolitical war will cause oil as an energy reserve to bottom out again. Overall, the profit of short-term long oil prices is conservatively estimated to be more than 7p.
Buying target: around 71.5
Loss setting: 70.2 FX:USOIL
Market Analysis: WTI Crude Oil StrugglesMarket Analysis: WTI Crude Oil Struggles
Crude oil is showing bearish signs and might decline below $70.00.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices failed to clear the $73.50 region and started a fresh decline.
- There is a key bearish trend line forming with resistance at $71.00 on the hourly chart of XTI/USD at FXOpen.
WTI Crude Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to clear the $73.50 resistance zone against the US Dollar. The price started a fresh decline below the $72.20 support.
The price even dipped below the $71.50 level and the 50-hour simple moving average. The bulls are now active near the $70.20 level. A low was formed at $70.12, and the price is now consolidating losses. If there is a fresh increase, it could face resistance near the 50% Fib retracement level of the downward move from the $71.87 swing high to the $70.12 low at $71.00.
There is also a key bearish trend line forming with resistance at $71.00. The first major resistance is near the $71.85 level. Any more gains might send the price toward the $72.20 level.
The main resistance could be near the $73.35 level. Conversely, the price might continue to move down and revisit the $70.00 support. The next major support on the WTI crude oil chart is $68.80.
If there is a downside break, the price might decline toward $66.50. Any more losses may perhaps open the doors for a move toward the $65.00 support zone.
Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USOIL READY TO FLY (READ CAPTION)Hi trader's
current price:70.80
USOIL is retest in support area and breakout bear parallel channel and this is retest to 70.20 this is support area USOIL breakout 74.00resistance then usoil flying upside to support zone
support zone : 70.20-68.00
resistance zone 74.00
demand zone: 78.50
please don't forget to like comment and follow
Bearish drop?WTI Oil (XTI/USD) has reacted off the pivot and could drop to the 1st support.
Pivot: 71.56
1st Support: 66.57
1st Resistance: 74.65
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.
Disclaimer:
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.
Upcoming weekly OIL analysisFA Analysis:
1- Based on the recent macro-economic data, US economy is slowing down which it's slowing down the demand.
2- Trump is making pressure on oil producer to reduce the price.
3- US is fully opening their oil production.
4- End of war in Ukraine.
All the above are very Oil bearish factors.
TA Analysis:
1- Price is making LL-LH. A continuation down is expected.
2- Price might continue directly down without making a new LH. $66 is the ST target.
USOIL(WTI) Price ActionHello Traders,
I hope you all had a great weekend and made some profits last week! As the market opens today, I’ve identified another setup on USOIL (WTI) . Here’s the breakdown:
1. Zones Marked:
- On the 4H chart, I’ve marked two key zones: a Supply Zone and a Demand Zone.
- Switching to the M30 chart, I’ve marked an additional Demand Zone.
2. Liquidity Line:
- You’ll notice a Liquidity Line on the chart. Wait for a sweep of this level before considering any trades.
3. Entry Strategy:
- Move to the M15 chart for a precise entry to lower your risk.
- Look for bullish momentum to confirm a long position.
4. Take Profit (TP):
- The TP levels will remain the same as planned.
5. Volume Observation:
- Volume is currently low, which could indicate a potential divergence. Keep an eye on this as it may impact the trade.
6. Risk Management:
- Always manage your risk carefully. Avoid trading blindly and stick to your plan.
Wishing you all the best and happy trading! Let’s make it a profitable week. Thank you!
OIL CallsThe market structure remains bullish as the Daily price broke the last swing high of $77.89 to make a new market top of $79.44.
Even though in the short term the price is retracing down to fill inefficiencies left by the last rally, we can expect a reversal of the trend at either $69 or $67 supply zones. In case of such reversal the price can with high probability retest the last swing high or the first supply zone which sits outside the current structure at $80.
On the other hand, if the price breaks below $66.80, it will signal the market is entering another bear run.
Russia-Ukraine negotiations, next oil market analysis!!On Friday (February 15), international oil prices fell slightly, mainly affected by the expectation of easing the situation between Russia and Ukraine. The market generally believes that if the peace talks between Russia and Ukraine make substantial progress, the lifting of sanctions on Russia will greatly improve the global energy supply. However, the postponement of the implementation of the US reciprocal tariffs has provided support for oil prices and limited the decline in oil prices. Brent crude oil futures closed at $7,451 per barrel, while WTI crude oil fell to $70.57 per barrel.
This week, Brent crude oil fell slightly by 0.23%, while WTI crude oil fell slightly by 0.69%. Despite the weak performance of oil prices, market sentiment remains relatively complex, greatly affected by the supply and demand pattern and global political dynamics.
Market Dynamics Analysis
Russia-Ukraine Situation: Changes in Supply and Demand Expectations Brought by Peace Talks
One of the most important market news this week was that US President Trump instructed US officials to launch Russia-Ukraine peace talks. Both Russian President Putin and Ukrainian President Zelensky expressed their willingness to reach a peace agreement in separate phone calls with Trump. Market expectations for a possible turnaround in the Russia-Ukraine conflict are rising. If a peace agreement is reached and sanctions on Russia are lifted, the pressure on global energy supply will be significantly eased.
The International Energy Agency (IEA) recently mentioned in its oil market report that if Russia's oil exports can circumvent new sanctions, they may still be able to remain at the current level, which will have an important impact on the global oil market. Nevertheless, the market still needs to pay attention to the further development of the situation between Russia and Ukraine, and there is still great uncertainty in the final realization of the peace agreement.
US trade policy: The postponement of reciprocal tariffs provides support for oil prices
US President Trump recently announced that he plans to postpone the implementation of reciprocal tariffs, and the relevant report is expected to be submitted on April 1. The market responded positively to this, and the decision to postpone tariffs has increased optimism about the outlook for global trade. IG market strategist Ye Junrong pointed out that Trump's tariff policy adjustment has warmed up the market's expectations for the global trade environment, driving a certain rebound in oil prices.
However, it is worth noting that although the postponement of tariffs has brought support to the market, the final direction of this policy is still uncertain, and it may have a greater impact on the trend of global oil prices in the future.
Global demand recovery and supply dynamics: energy market tends to balance
Analysts at JPMorgan Chase pointed out that global oil demand has increased to 103.4 million barrels per day (bpd), an increase of 1.4 million bpd from the same period last year. In particular, the recovery in demand for travel and heating fuels has further increased the actual demand for oil. At the same time, the number of oil drilling rigs in the United States has increased for three consecutive weeks. The latest report from Baker Hughes shows that the number of active drilling rigs in the United States increased by 2 this week to 588. The increase in the number of drilling rigs usually indicates a recovery in future production and indicates that the US oil industry is gradually recovering.
However, despite the recovery in demand, supply concerns remain. The economic pressure imposed by the Trump administration on Iran may also limit the growth of crude oil supply in the short term.
Technical aspects and market sentiment: the pattern of oil price shocks
From a technical perspective, Brent crude oil and WTI crude oil have been operating in a shock range recently, and there is great uncertainty in the short-term trend. Although the market is optimistic about the recovery in demand, potential disturbances in global supply and geopolitical risks still put pressure on oil prices. In terms of technical indicators, the prices of Brent crude oil and WTI crude oil have not broken through the upper limit of the recent fluctuation range, indicating that market sentiment is still in a wait-and-see state.
Outlook for next week
Looking ahead to next week, the crude oil market will still face the test of multiple uncertainties. First, whether the Russian-Ukrainian peace talks can make substantial progress will be an important factor affecting oil prices. If the situation between Russia and Ukraine eases and sanctions on Russia are lifted, global energy supply may ease and oil prices may be under great pressure.
Second, whether the Trump administration's reciprocal tariff policy will continue to be postponed and its impact on global trade may continue to affect market sentiment. The market's expectations for the adjustment of the US trade policy are still relatively optimistic, which may provide some support for oil prices in the short term.
In addition, the recovery trend of global oil demand is expected to continue, especially as the global economy gradually recovers, the increase in fuel and heating demand may further drive up oil prices. However, uncertainties on the global supply side, especially supply problems in Iran and Russia, will have a lasting impact on oil price trends.
The increase in the number of drilling rigs in the United States indicates that the recovery of US oil production may have an impact on market supply in the coming months. If the US energy production capacity continues to expand, oil prices may face downward pressure. TVC:USOIL
