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USOIL:Reach the targetThe strategy I gave on Monday to buy crude oil at around $66 has now also reached the key resistance level of around $68.5. The profit is already sufficient. You can close the order once the target is reached. Pay attention to whether the resistance at $68.5 is effective. Currently, my account balance has grown from an initial $40,000 to $800,000 in profits. I will share accurate trading signals every day, and you have the option to copy my trading orders. If you're interested in getting these signals, you can click on the link below this article.
TVC:USOIL
by KentJessie6
oil trap two seller but bullish soonThe chart shows WTI Crude Oil (CFDs) on a 1-hour timeframe, with a clear bullish momentum currently in play. Here’s a detailed breakdown: 1. Bullish Momentum: The price is rising steadily within an ascending channel, breaking above previous resistance levels. The next target is set at 68.90, suggesting continued upward movement if the trend holds. 2. FVG (Fair Value Gap): Two FVG (Fair Value Gap) zones are marked, with one occurring at 68.04. If the price closes a candle below this level, it could trigger a pullback toward filling the gap, offering a potential area for buying or a retracement before further upside movement. 3. Order Block: A strong order block is marked near 67.20, suggesting significant buying interest in this zone. This level can act as support if the price revisits it, providing further confirmation of the bullish trend if the price holds above this level. 4. Target: The next target is set at 68.90, just below the resistance zone. If the price continues its upward movement, this could be the next major point where traders expect price action to react. A breakout above this level could extend the bullish momentum further.5. Price Action & Resistance Levels: The resistance zone around 68.50 is marked as a critical level. Price has recently tested this level and could either face rejection or break higher. Traders should monitor this level closely for any signs of reversal or continuation. Summary: The current chart shows a bullish outlook with a target at 68.90. However, there is an FVG gap at 68.04 that could be filled if price retraces. Order blocks and previous support zones further suggest that any pullback toward these levels could provide opportunities to enter long positions before the next leg up. Monitoring 68.50 resistance and the 68.90 target will be key for traders.
TVC:USOILLong
by Joan_Pro_Trader
Oil Market at Risk: Potential Breakdown Below Key SupportThe oil market is showing signs of weakness, with a technical triangle formation on the verge of breaking down. Key support at USD 66.50 per barrel is under threat, and several fundamental and macroeconomic factors suggest further downside risks. Some Key Bearish Factors for Oil 1. Weakening Global Economy Economic indicators across major economies are flashing warning signs. A slowdown in global growth, particularly in China and Europe, is reducing industrial demand for oil. Weaker economic activity typically translates to lower energy consumption, putting pressure on oil prices. 2. Stronger U.S. Dollar A rising USD makes oil more expensive for buyers using other currencies, leading to lower demand. If the Federal Reserve maintains its hawkish stance on interest rates, a stronger dollar could continue weighing on oil prices. 3. Supply Overhang and Shale Resilience Despite OPEC+ production cuts, oil supply remains ample. U.S. shale producers have kept output steady, while global inventories are rising. If supply continues to outpace demand, downward pressure on prices is likely. 4. China’s Slowing Recovery China, the world’s largest oil importer, has struggled with weaker-than-expected economic data. Lower manufacturing activity and sluggish domestic demand are reducing the country’s need for crude oil, further dampening market sentiment. 5. Geopolitical De-escalation A potential ceasefire in Ukraine could ease concerns over energy supply disruptions. Lower geopolitical risk would reduce the war-driven risk premium on oil, potentially triggering a price decline. 6. Growth in Alternative Energy The increasing adoption of electric vehicles (EVs) and renewable energy is gradually reducing structural demand for crude oil. As governments push for greener energy solutions, long-term oil consumption trends may continue declining. 7. Speculative Unwinding Traders and hedge funds could accelerate the sell-off if USD 66.50 support breaks. Technical breakdowns often lead to increased short-selling and stop-loss triggers, intensifying downward momentum. Conclusion: More Downside Ahead? With a weakening economy, strong dollar, and growing supply concerns, oil faces multiple headwinds. If key technical support at USD 66.50 breaks, the market could see further declines in the short term. Unless demand picks up or supply constraints emerge, the bearish trend may persist. #OilMarket #CrudeOil #BearishOutlook #Energy
TVC:USOILShort
by fwalbaum
USOIL: The target has been reached.I clearly gave the signal to buy crude oil at the price range of 66 - 66.5 on Monday. Currently, it has reached the target position of 68 - 68.5. It is approaching the key resistance level. If the profit is sufficient, you can close the order. Currently, my account balance has grown from an initial $40,000 to $800,000 in profits. I will share accurate trading signals every day, and you have the option to copy my trading orders. If you're interested in getting these signals, you can click on the link below this article.
TVC:USOILLong
by KentJessie6
Crude oil bears pounce again and enter the 3-5 waveJudging from the current trend, although crude oil is in a short-term rebound phase, the overall bearish trend has not changed.Personally, I think the 3-4 wave rebound is likely to have ended, and the MACD indicator shows that the rebound momentum is weak. Therefore, today's operations should focus on shorting the rebound and seizing the falling opportunity of the 3-5 wave. Suggestions: 1. Go short at $67.20, stop loss 30 pips, take profit $64.80. 2. If the short position of strategy 1 is stopped out, go short again at $67.85, stop loss 30 pips, take profit $66. 3. If the market falls below $66 before 16:00, you can go short at $65.90 with a stop loss of 30 pips to $66.90.
TVC:USOILShort
by RobertaAlsop
WTI Crude INTRADAY ahead of US inventories reportThe WTI Crude Oil price action sentiment appears bearish, reinforced by the prevailing long-term downtrend. The recent price action indicates a potential oversold rally, approaching a critical resistance zone. Key Levels and Price Action The primary trading level to watch is 68.40, representing the current intraday swing high and falling resistance trendline. An oversold rally towards this level, followed by a bearish rejection, could confirm continued downward momentum. In this case, the next downside support targets are at 65,73, 64,23, and 63,11 over the longer timeframe. On the other hand, a decisive breakout above the 68.40 resistance level, confirmed by a daily close, would invalidate the bearish outlook. This scenario could trigger further rallies toward the next resistance levels at 69.50 and 70.30. Conclusion The sentiment remains bearish as long as the 68.40 resistance level holds. Traders should carefully watch the price action around the 68.40 level to assess the next directional move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation
OIL Today's strategyIn the short term, there is a simultaneous advance of the long positions in crude oil. The price has tested the vicinity of $68.5 several times but encountered resistance. Moreover, after reaching around $65.2 at the lower level, it rebounded rapidly. The market still needs further testing. In the short term, it is advisable to sell high and buy low within the range of $68.5 to $65.2. OIL Today's strategy sell@67.5-67.9 buy:65.7-66.2 If you don't know how to do it, you can refer to my transaction.
TVC:USOIL
by HenryClarke
1
USOIL Strategy AnalysisInternational crude oil prices have been trending sideways-to-downward recently. As of March 19, WTI crude oil was priced at $66.58/barrel, marking a cumulative decline of over 7% since the beginning of the year. The current core market contradiction focuses on the dual pressures of loose supply expectations and divergent demand prospects. Oil trading strategy： sell @ 68.2 buy @ 66 If you are currently unsatisfied with your crude oil trading performance and need daily accurate trading signals, you can visit my profile for free strategy updates every day.
TVC:USOILLong
by George_Lester
USOil: The trading strategy is to continue shortingYesterday, crude oil prices peaked and then witnessed a sharp decline, directly plunging through the upward gap that opened at the beginning of the week. The current market situation is at the initial stage of a downtrend. It is projected that after rebounding to the range of 67.00 - 67.80, the downward movement will resume. Moreover, the strength of today's rebound indicates relatively feeble upward momentum, and market sentiment leans towards caution. Consequently, today's trading strategy will mainly focus on shorting on rebounds. Traders should wait for the market to rebound to key resistance levels before entering the market. USOIL Trading Strategy: Sell@67.7-68.3 TP:66-65 I always firmly believe that profit is the sole criterion for measuring strength. I will share accurate trading signals every day. Follow my lead and wealth will surely come rolling in. Click on my profile for your guide.
TVC:USOILShort
by LeoBlackwood