0227 USOIL looking for a correction on 4H chart!!!Hello traders,
On Wednesday, the internal alert stated: "On Wednesday, we are waiting for a new sideways trend in crude oil. Crude oil may experience a short-term decline followed by a pullback around the opening time of the European and American markets. Participation is not recommended!"
On Thursday, in the four-hour chart, the C wave of crude oil is oscillating sideways at an extreme position, and there is a high probability of a certain degree of pullback! Pay close attention to the previous support level of 70.00, which is also a key psychological price level.
You can consider taking a light position to go long on crude oil!
TP1: 70.00
TP2: 70.35
GOOD LUCK!
LESS IS MORE!
USOUSD trade ideas
WTI Oil H4 | Intense bearish momentumWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 69.58 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 70.40 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 68.42 which is a multi-swing-low support.
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.
Bullish on USOIL! Who’s Joining the Ride?Technical Analysis:
Support and Resistance Levels: USOIL is currently trading near $71.50. Immediate support is identified at $68-66, with resistance around $72.75.
Momentum Indicators: The Relative Strength Index (RSI) is neutral at 51.2, indicating balanced momentum. The Moving Average Convergence Divergence (MACD) shows a bearish crossover on the 4-hour chart, suggesting potential downward movement.
Falling towards pullback support?WTI Oil (XTI/USD) is falling towards the pivot which has ben identified as a pullback support and could bounce to the 1st resistance.
Pivot: 68.03
1st Support: 67.14
1st Resistance: 69.82
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.
WTI Crude Oil at Critical Support – Rebound Toward 72$?TVC:USOIL has reached a key demand zone, which has historically provided strong support. The recent decline has brought the price back into this area, increasing the probability of a bullish reaction if buyers step in.
The current market structure suggests that if the price confirms support at this level, we could see a rebound toward 72$, aligning with a corrective move after the recent sell-off. However, a break below this demand zone would invalidate the bullish bias and could lead to further downside.
Traders should watch for bullish confirmation signals, such as rejection wicks, bullish engulfing candles, or increased buying volume, before considering long positions.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
WTI CRUDE OIL: Approaching the 2year Buy Zone.WTI Crude Oil turned bearish on its 1D technical outlook (RSI = 35.899, MACD = -0.720, ADX = 32.215) failing to cross above the 1D MA50 last Thursday and eventually getting rejected to today's low. This low just hit the HL trendline of September and is about to enter the S1 Zone that has been holding since March 2023. Every breach inside this Zone has been the best long term buy opportunity on WTI. Until the Zone breaks, we will treat it as the best buy entry, aiming at the LH Zone (TP = 77.00).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Go long crude oilDear Traders,
Currently, crude oil continues its downward trend, though the pace of its decline has moderated, showing signs of bottoming out. Moreover, oil has now pulled back to the critical support zone around the 68 level. Should oil fail to decisively break below this support, a technical rebound could occur at any moment. Additionally, with oil’s relatively low valuation, it becomes increasingly attractive in the market.
For short-term trades, I favor initiating long positions on crude oil, with an initial target of a rebound toward the 69.5-70.5 zone, which seems well within reach.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
CRUDE OIL : Bearish due to Double Top formation
DOUBLE TOP PATTERN -
Crude oil has recently formed a double top pattern on daily chart and has broken down from it indicating bearish momentum for the commodity
SUPPORT-RESISTANCE ZONE BREAKDOWN -
crude oil has recently broken down from a strong support-resistance zone with strong red candlestick indicating strong bearish confirmation
PROFIT TARGET -
level is at 68.16
WTI INTRADAY fears of slower energy demandEIA Crude Oil Inventories due in 3 hours, (15.30 GMT). A forecast is for 2.4M, the previous figure was 4.63M. The WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 7060, the 13th February swing low level. An oversold rally from the current levels and a bearish rejection from the 7060 level could target the downside support at 6850 followed by 6800 and 6715 levels over the longer timeframe.
Alternatively, a confirmed breakout above 7060 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7145 resistance followed by 7194 levels.
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.
US Oil Market Outlook: Bearish Momentum Indicate Further DeclineThe 4-hour chart of WTI Crude Oil (TVC: USOIL) reveals a well-defined market structure transition from bullish to bearish. Initially, the price action exhibited a strong uptrend, characterized by the formation of higher highs (HH) and higher lows (HL). However, a break of structure (BOS) marked the onset of a reversal, leading to the emergence of lower highs (LH) and lower lows (LL), confirming the shift to a downtrend.
A key technical observation is the presence of a price gap near the highest point, which often signifies inefficiency in the market and the potential for price retracements in the future. Furthermore, the highlighted resistance zone around the $72.49–$73.50 range has proven to be a strong supply area, repeatedly rejecting bullish attempts to break above it. This resistance, coupled with price trading below the 50-period and 200-period moving averages, reinforces the bearish bias.
The price has now breached the $71.78 level, accelerating downward momentum. The next significant area of interest lies at the identified support level around $69.36, which serves as the primary target area. If selling pressure remains dominant, further declines may be anticipated.
Volume analysis further substantiates the bearish outlook, as recent price drops have been accompanied by increased selling activity. The combination of structural shifts, resistance validation, and moving average positioning strongly suggests that the downward trajectory is likely to persist unless the price reclaims and sustains above the resistance zone.
Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
WTI Oil H4 | Bearish downtrend to extend further?WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 69.45 which is a pullback resistance.
Stop loss is at 70.20 which is a level that sits above the 50.0% Fibonacci retracement and a pullback resistance.
Take profit is at 68.46 which is a swing-low support.
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.
Hellena | Oil (4H): SHORT to the area of 68.926 (Wave C).Colleagues, price has worked the downward movement perfectly, but I believe the downward movement is not over yet.
Wave “C” is a five-wave wave and now the price is in the correction of wave “4”.
I expect the price to reach the downtrend line in the area of 72.00 level, then I expect the price to decline to the area of 68.926.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USOIL POTENTIAL LONG|
✅USOIL is about to retest a key structure level of 68.50$
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
✅Like and subscribe to never miss a new idea!✅
WTI crude oil Wave Analysis – 25 February 2025
- WTI crude oil broke support zone
- Likely to fall to support level 67.00
WTI crude oil recently broke the support zone between the round support level 70.00 (which reversed the price multiple times from the start of February), the support trendline from September and the 61.8% Fibonacci correction of the upward impulse from September.
The breakout of this support zone accelerated the active short-term correction ii of the intermediate upward impulse sequence (3) from September.
WTI crude oil can be expected to fall further to the next support level 67.00 (former monthly low from December).
Oil: Awaiting Confirmation of Next MovementOil: Awaiting Confirmation of Next Movement
OIL appears poised to complete a bearish triangle pattern. However, as long as the price remains above 70.2, caution is warranted, as OIL may rise again and further develop the triangle pattern.
Should the current price level hold strong, we might see a rise to the 72 - 72.5 range before it declines again. If you believe that oil will rise, setting a stop loss below 70.20 can mitigate risks and allow trading the bullish movement within the pattern.
Conversely, if the price breaks below 70.20 or the blue zone, the bearish wave is likely to commence, potentially driving OIL down to 68.75 and 67.50.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
WTI on high time frame
"Hello traders, focusing on WTI, the price has hit the daily order block at $73.5 and experienced a strong rejection on the 4-hour chart. The price has broken below the trend line and is indicating potential downward movement during the Asian session today. It's important to note that there is a CPI news release during the U.S. session today, so exercise caution in your trading decisions."
If you have any specific questions or need further assistance with your message, feel free to ask!
USOil updateHow are you my friends?
I talked about this chart before at 80 and that the decline does not mean a collapse
This is the result of my words and as I saw it I was with you in the rise before to 80 approximately then with you in the decline then the rise again in the coming days
Today we saw the level of 70.380
And we notice that it will touch the blue diagonal line
Then the line will be broken, we will see more decline
And we will soon see areas below 70
We will update the markets soon
USOILWest Texas Intermediate Oil price continues its upward momentum for the second consecutive day, trading around $70.90 per barrel during European hours on Tuesday. Crude Oil prices are rising as fresh United States sanctions on Iran’s Oil trade heighten concerns about tighter global supply.
WTI rises to near $71.00 following fresh US sanctions on Iran’s Oil
Bearish reversal off pullback resistsance?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support which is a pullback support.
Pivot: 71.85
1st Support: 70.11
1st Resistance: 72.91
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.
WTI Oil H1 | Bearish momentum gaining further tractionWTI oil (USOIL) could pull back towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 70.89 which is a pullback resistance.
Stop loss is at 71.35 which is a level that sits above the 38.2% Fibonacci retracement and a swing-high resistance.
Take profit is at 70.11 which is a multi-swing-low support.
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.