USOil:Profit realized by shorting on reboundsOn Thursday, crude oil dipped and then rallied towards the end of the trading session, reaching a low of around 69.1. Today, it rebounded to around 69.8 and then started to decline. The short-selling strategy implemented in the morning resulted in a profit.
Next, attention should be paid to whether the upper resistance level of 70 can be broken through. If it cannot be broken through in a short period of time, consider shorting again during the subsequent rebound.
USOIL Trading Strategy:
Sell@69.7-70
TP:68.5-68
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USOILSPOT trade ideas
Oil Market Update – 28 March 2025Oil Market Update – 28 March 2025
Oil prices continue to move within a volatile range, influenced by competing fundamental factors. On one hand, geopolitical developments — such as potential sanctions on oil-producing nations and newly announced U.S. tariffs on Venezuelan oil — have contributed to recent upward pressure. On the other hand, market participants remain cautious due to broader macroeconomic uncertainties.
Key Levels Observed by Market Participants:
• The $71.50 level has previously acted as a point of interest; some analysts are watching to see how price behaves around this area.
• In the event of downward movement, the $66.00–$66.50 range has historically attracted attention during past price consolidations.
• Should the price establish itself above $72.00 with supportive developments, attention may turn toward the $75.00 region, which has been highlighted in prior analyses.
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Crude oil test the $70 area: what's next?Crude oil had reached the psychological level of $70, and that might become a potential crash test for the rally: should the level be rejected, it may trigger a liquidation of the upside move, as this level is considered as a fair price according to the supply and demand equilibrium.
Technically, the price is located at a higher band of Bollinger Bands, according to the daily chart, and the potential turning point might happen if the price tries to break the level and fails: that would draw a classical “bullish trap”, as displayed on the chart.
Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
WTI CRUDE OIL – Bullish Continuation Ahead?TVC:USOIL is currently trading within an ascending channel, with price recently bouncing off the trendline support after a corrective move. This rebound suggests that buyers are stepping in, maintaining the bullish structure within the channel.
If the bullish momentum continues, we could see a move toward 70.10, which aligns with a key resistance level within the channel. This level could serve as a potential short-term target before a possible reaction from sellers. A clean breakout above the resistance zone could open the door for further upside. However, a failure to sustain this upward push could lead to another retest of the lower boundary.
Traders should watch for bullish confirmation signals such as higher lows, strong bullish candles, or increasing volume before considering long positions.
If you agree with this outlook or have any additional insights, feel free to share your thoughts!
USOil:When it rebounds to the resistance, continue go shortIn terms of crude oil, in the short term, with the decline in US crude oil inventories, the escalation of US sanctions against Iran and Venezuela, and the resumption of hostilities between Russia and Ukraine, efforts at reconciliation have been ineffective. Therefore, the short-term market has hyped up the reduction in crude oil supply, causing crude oil to fluctuate repeatedly at high levels without being able to decline. However, as tariffs are upgraded and concerns about the global economic downturn intensify, the demand for crude oil has further decreased. At the same time, in order to control inflation, the control of crude oil prices remains a top priority.
Therefore, the medium- to long-term downward trend remains unchanged. Currently, from a technical perspective, when crude oil rebounds to the resistance level, it is advisable to continue taking short positions as before.
USOIL Trading Strategy:
Sell@69.7-70
TP:68.5-68
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WTI Oil H4 | Bullish uptrend to extend further?WTI oil (USOIL) could fall towards an overlap support and potentially bounce off this level to climb higher.
Buy entry is at 68.65 which is an overlap support.
Stop loss is at 67.53 which is a level that lies underneath a swing-low support and the 50.0% Fibonacci retracement level.
Take profit is at 71.06 which is a swing-high resistance.
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69.374-70.880 section is a crossroads
Hello, traders.
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The April TradingView competition is sponsored by PEPPERSTONE.
Accordingly, we will look at the coins (tokens) and items that can be traded in the competition.
Let's talk about the SPOTCRUDE chart.
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(SPOTCRUDE 1M chart)
We need to see whether it will rise along the trend line (1) or fall along the trend line (2).
Since the volume profile section is formed around 75.723, the key is whether it can rise above this section.
If it fails to rise, it will eventually meet the HA-Low indicator of the 1M chart.
Currently, the HA-Low indicator of the 1M chart is formed at 43.327.
-
(1D chart)
The M-Signal indicators of the 1D, 1W, and 1M charts are in reverse arrangement.
Therefore, in order to continue the upward trend, it must eventually rise above the M-Signal indicator of the 1M chart.
Therefore, the key is which direction it deviates from the 69.374-70.880 section.
When the competition started,
- If the price is maintained above 70.880, the long position is expected to be advantageous,
- If the price is maintained below 69.374, the short position is expected to be advantageous.
However, since the overall trend of the chart is down, a short and quick response is required when trading with a long position.
-
Thank you for reading to the end.
I hope you have a successful transaction.
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Continue to be bearish.Supply : The United States has intensified its energy sanctions against Iran. Attacks on Saudi facilities have affected their performance. The OPEC+ will gradually lift the voluntary production cuts starting from April and may increase production for the second time in May. The 30-day ceasefire agreement between Russia and Ukraine has not been effectively implemented in substance. However, recently, the United States, Russia, and Ukraine have reached some consensus on Black Sea navigation and the protection of energy facilities.
From a technical perspective, when the price repeatedly encounters resistance below an important resistance level and fails to achieve an effective breakthrough, it is often a bearish signal. This implies that the selling force in the market is dominant. Once the price starts to retrace due to its inability to break through the resistance, it may initiate a downward trend. Therefore, based on the strong resistance level at 70.000, there is a certain basis in technical analysis for a bearish outlook.
💎💎💎 USOIL 💎💎💎
🎁 Sell@70.000 - 70.200
🎁 TP 68.5 68.0 67.5
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USOIL:Pay attention to the short-term adjustmentCurrently, in the 4-hour time frame, the crude oil price is temporarily maintaining a high-level oscillatory consolidation. However, after consecutive periods of oscillation, there are signs that the technical pattern is gradually weakening. The short-term moving averages are beginning to gradually turn downward and diverge, and the K-line is starting to be under pressure from the short-term moving averages, maintaining a slightly weaker operating trend. It is believed that there may still be a certain room for adjustment in the short-term trend. In terms of trading operations, consider the short position opportunity around 69.7-70.
USOIL Trading Strategy:
Sell@69.7-70
TP:68
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US Crude Oil (WTI) LONG setup
Your **US Crude Oil (WTI) buy setup** is structured with proper risk management in mind. Here's a breakdown of the key elements:
### 📌 **Entry Point: 69.600**
This is the price at which you plan to enter a long (buy) position. You should wait for confirmation (such as support holding, bullish candlestick patterns, or volume increase) before executing your trade.
### 🎯 **Target Price (TP): 71.100**
This is your take profit level, where you will close your trade to lock in profits. The difference between the entry and target price is **1.500 points**, which represents your potential reward.
### 🛑 **Stop Loss (SL): 68.900**
This is the price level where you will exit the trade if the market moves against you. The difference between the entry and stop loss is **0.700 points**, representing your potential risk.
---
### ⚖️ **Risk-Reward Ratio (RRR): 1:2.14**
- **Risk = 0.700 (Entry - Stop Loss)**
- **Reward = 1.500 (Target - Entry)**
- **Risk-Reward Ratio (RRR) = Reward ÷ Risk = 1.500 ÷ 0.700 ≈ 2.14**
Since your **RRR is greater than 1:2**, this is a solid setup from a risk management perspective. It means that for every $1 you risk, you are aiming to gain about $2.14, which is a positive risk-to-reward trade.
---
### ✅ **Money Management (MM) Tips**
- **Position Sizing:** Ensure your lot size aligns with your risk tolerance. Example: If you risk 1% of your account per trade, adjust your lot size so that a 0.700 move against you equals 1% of your capital.
- **Wait for Confirmation:** Look for bullish signals before entry (e.g., candlestick patterns, moving average support, or RSI above 50).
- **Set Alerts:** Use alerts at key levels to monitor price movement instead of staring at charts all day.
Kepler Drops a Curveball $68.50-$68 Before trend resumesSentiment
Some negative sentiment is weighing on WTI through Asia and early London. Kpler’s call that China’s gasoil demand could peak in 2026 has been taken as bearish, and headlines like this tend to spark algo-driven repricing. Add in Trump’s tariffs on imported vehicles, and you’ve got a sentiment cocktail pulling crude lower.
That said I see this as a correction, into demand where liquidity is waiting.
Price action
I’ve got my eye on $69.16 — if we break, close below, then retest and hold under it, I think we open up a path toward $68.50 and possibly $68.00.
WTI Oil Short Drill Baby,Drill!???Is it drill baby drill of President Trump? Or bearish profit taking before Oil season starts soon?
Well I dont know!
All I know is that the charts are communicating to me to sell oil for now.
I am already short in this, 2 approches that I use for good, in case a short bullish pullback happens,I will add more to my selling positions(red arrows)
2 different profit targets whereas the 2nd one has higher reward-resik-ration
Heading into overlap resistance?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 70.39
1st Support: 68.71
1st Resistance: 71.77
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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 Strategy DiscussionThis week, we've analyzed the reasons behind the short - term strong performance of crude oil. We specifically remind you to pay attention to the price movements within the range of $68.5 - $69.5.
Once again, we advise you to observe more and trade less.
We share various trading signals every day with over 90% accuracy
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WTI CRUDE OIL: Last pull to 4H MA50 possible, $72 target remainsWTI Crude Oil just turned bullish on its 1D technical outlook (RSI = 55.181, MACD = -0.570, ADX = 39.438) as it crossed above the 4H MA200. It is still under the 1D MA50, so the newly emerged Channel Up may pull the price back under the 4H MA50 one last time before the next, even stronger bullish wave. Overall, we remain long (TP = 72.00), even more so on the long term.
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Potential bearish drop?USO/USD is reacting off the resitance level whic is an overlap resistance level that line sup with the 161.8% Fibonacci extension and the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 70.39
Why we like it:
There is an overlap resistance level that lines up with the 161.8% Fibonacci extension and the 61.8% Fibonacci retracement.
Stop loss: 71.87
Why we like it:
There is a pullback resistance level that is slightly below the 88% Fibonacci retracement.
Take profit: 68.68
Why we like it:
There is an overlap support level that lines up with the 38.2% Fibonacci retracement.
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USOil Sell 70.000Crude oil has been fluctuating and rising recently, reaching a three-week high. From a fundamental perspective:
Supply: The United States has intensified its energy sanctions against Iran. Attacks on Saudi facilities have affected their performance. The OPEC+ will gradually lift the voluntary production cuts starting from April and may increase production for the second time in May. The 30-day ceasefire agreement between Russia and Ukraine has not been effectively implemented in substance. However, recently, the United States, Russia, and Ukraine have reached some consensus on Black Sea navigation and the protection of energy facilities.
Inventory: According to API data, for the week ending March 25, U.S. crude oil inventories dropped significantly by nearly 9 million barrels. However, commercial crude oil inventories have been increasing continuously for several weeks, and the overall inventory remains at a high level.
Geopolitics: The U.S. airstrikes against the Houthi armed group in Yemen and Israel's military operations in the Gaza Strip have heightened concerns about the disruption of crude oil supplies in the Middle East. The United States' continuous strengthening of sanctions against Iran and Venezuela also includes a plan to impose a 25% tariff on countries importing Venezuelan crude oil.
Production Increase Pressure: The daily supply increments of non-OPEC countries (such as the United States and Brazil) far exceed the global demand growth rate, which has long-term downward pressure on the oil price center.
💎💎💎 USOIL 💎💎💎
🎁 Sell@70.000 - 70.200
🎁 TP 68.5 68.0 67.5
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US OIL SHORT & LONG TRADESAs I stated yesterday after price rejected from the Diagnonal resistance, I said price could retest and dump further or breakout to higher levels.
I did ioen a short for the dump, but then I checked the trade this morning and realized it's in a breakout trend.
So I closed the short in a small los and capitalized on the long at the point of resting the Trendline which is still running.
Let's see how high price can climb now, currently at a strong zone.
USOIL:It's time to go shortRecently, the WTI crude oil has been on a continuous upward trend with fluctuations. The current intraday price has reached a three - week high. At present, the long - position sentiment in the market is greatly influenced by the fundamental news, mainly due to the intensified U.S. sanctions on Iranian energy and the ineffective implementation of the 30 - day cease - fire agreement between Russia and Ukraine.
Today's trading strategy: Focus on shorting at high levels. Currently, the price has a firm support at $69. Observe whether it can reach the resistance range of $69.5 again. If it breaks through the upper level, look at the important psychological resistance level of $70. Select to short again within the range.
USOIL Trading Strategy:
Sell@69.5-70
TP:68-67
Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
Oil Surges Toward Four-Week Highs on U.S. Inventory DropOil extended gains and approached four-week highs, supported by an unexpected decline in U.S. crude inventories and persistent geopolitical tensions that keep international markets on edge.
The price of WTI has once again surpassed $70 per barrel, its highest level in nearly a month. This bullish move is mainly driven by a 3.3 million barrel drop in U.S. commercial inventories, a figure that doubles analysts' initial expectations of only a 1.6 million barrel reduction.
This significant inventory drawdown, reported by the latest release from the Energy Information Administration (EIA), reflects a robust domestic demand, largely fueled by increased activity at U.S. refineries. Over the past week, these facilities boosted their daily processing to an average of 15.8 million barrels, reaching a utilization rate of 87%, a considerable rise from the previous period.
Similarly, there was a further decline in key refined product stocks: gasoline fell by 1.4 million barrels, while distillates dropped by 0.4 million barrels. These reductions suggest a healthy recovery in fuel consumption, though differences remain compared to historical averages: gasoline inventories are still 2% above the five-year average, while distillates remain a concerning 7% below.
For oil-exporting countries like Mexico and Colombia, this situation presents a significant opportunity. Although average U.S. crude imports remain 11% below the same period last year, a sustained recovery could positively boost the economic outlook of these nations, offering key revenue amid a globally uncertain economic context.
However, geopolitics remains a key player in the evolution of the oil market. The U.S. threat to impose 25% tariffs on Venezuelan crude imports has added pressure on the trade flow to China, the main buyer of Venezuelan oil. At the same time, new sanctions on Iran could further tighten global supply, once again placing Saudi Arabia in a position to cover any supply shortfall.
Moreover, recent agreements between the U.S., Ukraine, and Russia to reduce attacks on energy infrastructure suggest an effort to partially stabilize the market; however, any breakdown in these negotiations could quickly reintroduce volatility in oil prices.
Overall, while economic risks from trade tensions persist, the current balance between strong U.S. demand and supply constraints due to geopolitical factors is creating a bullish environment for oil. The energy market continues to show clear signs of strengthening, suggesting that prices could remain firm in the short term, with close monitoring of any unexpected shifts in the global landscape.
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