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USOUSD trade ideas

can OIL change its trend?as soon as a bullish divergence appeared on RSI the price sustained as last LL was not broken and we can also see a formation of support level there. Apart from this currently the price is breaking the bearish trendline, I have drawn resistance on the 68.32 level which has been tested a couple of times. If the price breaks this level this would indicate a bullish trend. A buy stop or buy limit order can be placed later would be applicable if price comes back for retest
TVC:USOILLong
by faisal-101
USOIL at Critical Support – Rebound Toward 73$?TVC:USOIL has reached a major demand zone, an area that has historically acted as strong support. This region has previously triggered sharp rebounds, making it a key level to watch for a potential bullish reaction. The recent sell-off has pushed the price deep into this zone, and early signs of rejection could indicate that buyers are stepping in. If support holds, we could see a recovery toward $73, aligning with a corrective move. However, if price fails to hold and breaks decisively below this zone, it would signal continued weakness, opening the door for further downside, possibly targeting the next support area. Traders should wait for confirmation, such as bullish price action, increased buying volume, or key reversal patterns before committing to long positions.
TVC:USOILLong
by DanieIM
16
Oil Short - 11RA good opportunity to short Oil has come up. There is a bear flag on the 4H timeframe…now potentially forming a retest wedge pattern into the point of interest I have marked out. This is a 1:11.44 R trade and if held to $60.50 which is where I think Oil is heading to by May, then it is an 80R opportunity- though I do think it best to take most of the profits off at the conservative target market out as it could create continuing forming this bear flag higher up. Risk to reward rating for target 1: 7/10 Chance of success if it follows path: 7/10 Overall rating 7/10 Risk to reward rating for target 2: 10/10 Chance of success: 3/10 Overall rating: 7/10
TVC:USOILShort
by TipsOfPips
Potential bearish drop?USO/USD has reacted off the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 68.43 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 69.26 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Take profit: 66.46 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDShort
by VantageMarkets
USOIL Analysis of TodayThe global economic situation has a significant impact on the demand for crude oil. During periods of economic prosperity, industrial production and transportation activities are frequent, leading to an increase in the demand for crude oil, which in turn drives up the price of USOIL. For example, during the period of rapid development of emerging economies, the demand for energy was robust. When there is an economic recession, the demand decreases, and the price may drop. Just like after the global financial crisis in 2008, the demand for crude oil plummeted sharply, and the price also crashed accordingly. In terms of supply, the changes in production output of major oil-producing countries are of vital importance. The adjustment of production capacity and production disruptions in major oil-producing countries such as the United States, Saudi Arabia, and Russia will all affect the global crude oil supply. For instance, the development of the shale oil industry in the United States has significantly increased the country's crude oil production, having a major impact on the global crude oil market supply pattern. 🎁 Buy@66.90 - 67.00 🎁 SL 66.80 🎁 TP 67.15 - 67.20 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad If you also aspire to achieve financial freedom，Follow the link below to get my daily strategy updates
FOREXCOM:USOILLong
by BenGray9
USOIL:The latest trading strategyThe price of WTI crude oil futures has risen slightly, and the market is currently in the process of bottom - building. The price briefly broke through last week's high of $67.94, reaching an intraday high of $68.37 before pulling back. The market remains in a "sell - on - rally" mode. After the higher opening, there is a probability that the crude oil price will stabilize at a lower level. For the subsequent trading strategy, short - selling is worth considering. USOIL Trading Strategy: Sell@67.7-68.3 TP:66-65
TVC:USOILShort
by LeoBlackwood
OIL BUY TARGET SUCCESSFUL READ IN CAPTIONSThe chart shows WTI Crude Oil (CFDs) on a 1-hour timeframe, displaying an upward trend in a well-defined channel. Here are key observations: 1. Resistance: The price is currently testing the upper resistance zone around 67.80, with a series of pullbacks indicating a potential reversal. This resistance level has been tested multiple times, and a rejection here could lead to a further downward movement. 2. Support Level: The support level is clearly marked at 66.50, and the price has bounced multiple times from this zone. It acts as a key level to monitor for price reversals. 3. Order Block: An order block is formed around 67.20, suggesting that there is significant buying activity at this level. If the price breaks below this level, it could indicate further weakness. 4. Target: The target is set at 67.64, just below the current price action. If the price breaks below the order block at 67.20, we could expect a pullback toward this target. 5. Potential Downward Move: The price has formed a lower high around 67.50, which suggests the possibility of a bearish reversal. If the price fails to break the resistance at 67.80 and fails to hold above 67.20, it may move toward the target at 67.64.
TVC:USOILLong
by Joan_Pro_Trader
USOIL Will Go Higher From Support! Long! Please, check our technical outlook for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 67.592. Considering the today's price action, probabilities will be high to see a movement to 71.123. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILLong
by SignalProvider
1
USOILSPOT "WTI CRUDE OIL" Energy Market Heist Plan (Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the USOILSPOT "WTI CRUDE OIL" Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Buy above (68.000) then make your move - Bullish profits await!" however I advise to placing the Buy Stop Orders above the breakout Level (or) placing the Buy limit orders within a 15 or 30 minute timeframe, Entry from the most Recent or Swing low or high level should be in retest. Stop Loss 🛑: Thief SL placed at the recent / nearest low level Using the 30mins timeframe (66.00) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 🏴‍☠️Primary Target - 70.000 (or) Escape Before the Target 🏴‍☠️Secondary Target - 72.000 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 🛢️ USOILSPOT "WTI CRUDE OIL" Energy Market Heist Plan (Day Trade) is currently experiencing a bullishness,., driven by several key factors. 📰🗞️Read the Fundamental, Macro Economics, COT Report, Seasonal Factors, Intermarket Analysis, Inventory and Storage Analysis, Sentimental Outlook, Future trend predict. Before start the heist plan read it.👉👉👉 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
FX:USOILSPOTLong
by Thief_Trader
WTI POSITIONAL TRADE IDEA!!WTIUSD - Long-Term Positional Trade Setup 🚀 🔍 Market Overview: WTI Crude Oil (WTIUSD) has been in a macro downtrend, but price is now trading at a long-term demand zone around $66-$67, a historically strong support level. With potential supply shocks, geopolitical factors, and seasonal demand, WTI could see a long-term recovery. This setup is for swing and positional traders looking to hold for weeks to months. 📍 Key Levels: Major Demand Zone: $65.00 - $67.00 First Resistance: $75.00 Major Resistance: $82.00 - $85.00 Macro Target: $90.00+ 📊 Trade Idea: 🔸 Long Entry: $66.00 - $67.00 (Accumulation Zone) 🔸 Stop Loss: $62.50 (Below historical support) 🔸 Take Profit Targets: TP1: $75.00 (Key resistance, potential pullback) TP2: $82.00 (Previous supply zone) TP3: $90.00+ (Macro bullish target) 📈 Confluences for the Trade: ✅ Strong Historical Support at $65-$67 ✅ 200-Week Moving Average Support ✅ MACD and RSI Bullish Divergence (Momentum shifting) ✅ Geopolitical Risks & Supply Factors favoring oil upside ✅ Previous Market Cycles show WTI bouncing from this zone 🎯 Execution Plan: DCA (Dollar-Cost Averaging): If price drops, consider scaling in at $65, $63, and $62. Partial TP Strategy: Secure profits at each resistance while leaving some position open for higher targets. Re-evaluate at $75.00: If price struggles to break, watch for re-accumulation before continuation. 🚨 Risk Management: WTI is volatile—use proper risk sizing to avoid unnecessary drawdowns. 📌 This is a long-term position, so patience is key!
CFI:WTILong
by itsemshuvo
OIL UPWARD TREND UPCOMING SOONThe chart displays WTI Crude Oil (CFDs) on a 1-hour timeframe, with the price currently testing the resistance zone around 67.60. The price has formed a clear upward trend within a channel, with support near 67.00 and an order block around 67.20. After the recent price action, there’s a potential for a pullback from the resistance area before continuing upward. The target is set at 67.64, indicating that if the price manages to break through the resistance, it could move further in the upward direction. Traders should look for confirmation of this breakout or potential reversal to enter positions, with the support zone acting as a key level to monitor for any downward movements.
TVC:USOILLong
by Joan_Pro_Trader
WTI increased slightly and decreased rapidly, downtrend TVC:USOIL prices rose slightly by about 1% in Asian trading on Monday before falling sharply, largely due to the continued US military crackdown on Houthi militias. US Pete Hegseth said on Sunday that the US military will continue to fight the Houthis until they stop attacking international shipping lanes. The US has previously conducted airstrikes in Yemen, causing casualties among Houthi fighters. The Houthis have hinted that they could take stronger retaliatory actions, adding to market concerns that the situation in the Red Sea will continue to escalate. While geopolitical tensions pushed oil prices higher, concerns about global economic growth limited gains. Goldman Sachs analysts have lowered their oil price forecasts based on the following points: • The Trump administration’s new tariffs on Mexico and Canada could restrict global trade and lead to lower-than-previously expected US economic growth. • The slowdown in economic growth will lead to lower oil demand, and Goldman Sachs expects oil demand growth in the coming months to be lower than previously estimated by the market. • OPEC+ supply could exceed expectations, and while the market is currently focused on the situation in the Middle East, overall supply remains relatively abundant. • The market expects signs of a slowdown in the US economy to keep oil prices under pressure in the long term, although geopolitical factors could still support prices in the short term. In addition, the market is paying attention to the Federal Reserve's interest rate meeting on March 18-19. The market expects the Fed to keep interest rates unchanged while continuing to assess the impact of the Trump administration's policies on the economy. If the economic outlook continues to deteriorate, the possibility of the Federal Reserve adjusting its policy this year cannot be ruled out. WTI Crude Oil Technical Outlook Analysis TVC:USOIL On the daily chart, WTI crude oil is temporarily in the accumulation phase but with the current position and structure, the downtrend is still dominant with the short-term trend being noticed by the price channel, the medium-term by the price channel and the nearest pressure from the EMA21. The recovery momentum of WTI crude oil is also limited by the 0.50% Fibonacci extension level, and as long as crude oil fails to move above the EMA21 and break above the price channel, it still has a main bearish outlook. In the short term, the downside target is around $65, the low since September 10, 2024, followed by the 0.786% Fibonacci extension. Notable positions for the WTI crude oil downside trend will be listed again as follows. Support: $66.63 – $65.33 Resistance: $67.85 – $68.52 – $69.07
TVC:USOILShort
by Xayah_trading
#USOIL/WTI 1 DAYUSOIL/WTI (1D Timeframe) Analysis Market Structure: The price is currently trading near a key support level, which has previously acted as a strong demand zone. Buyers may step in at this level, leading to a potential reversal or bounce. Forecast: A buy opportunity is expected if the price holds above the support level and shows signs of bullish momentum. Confirmation through price action, such as bullish candlestick patterns or increased volume, can strengthen the trade setup. Key Levels to Watch: - Entry Zone: Consider buying near the support level if the price confirms a bounce. - Risk Management: - Stop Loss: Placed below the support level to manage downside risk. - Take Profit: Target resistance levels or previous swing highs for potential gains. Market Sentiment: If the support level holds, the market sentiment may shift towards the upside, leading to a potential bullish move. However, a breakdown below support could indicate further weakness, requiring reassessment.
TVC:USOILLong
by PIPSFIGHTER
1
Bullish bounce off pullback support?WTI Oil (XTI/USD) has bounced off the pivot and could rise to the 1st resistance which lines up with the 38.2% Fibonacci retracement. Pivot: 65.73 1st Support: 63.22 1st Resistance: 71.07 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.
ICMARKETS:XTIUSDLong
by ICmarkets
3
WTI - Weekly Forecast - Technical Analysis & Trading IdeasMidterm forecast: While the price is above the support 64.000, resumption of uptrend is expected. We make sure when the resistance at 79.361 breaks. If the support at 64.000 is broken, the short-term forecast -resumption of uptrend- will be invalid. TVC:USOIL BLACKBULL:WTI Technical analysis: A peak is formed in daily chart at 79.355 on 01/15/2025, so more losses to support(s) 64.900 and minimum to Major Support (64.000) is expected. Take Profits: 68.354 70.182 72.434 74.449 77.410 79.361 83.961 87.000 93.882 100.802 109.192 126.350 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
BLACKBULL:WTILong
by ForecastCity
3