SELL OILOIl is bearish on the weekly timeframe and currently in a downtrend channel.
Next target is to the lower channel at area 35-40 after a weekly close and confirmation below area 60-65 which is a major support demand zone.
USOUSD trade ideas
CRUDE OIL Long From Support! Buy!
Hello,Traders!
CRUDE OIL keeps falling
And Oil is locally oversold
So as it is retesting a strong
Horizontal support level of 66.74$
I will be expecting a local bullish correction
Buy!
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USOIL What Next? BUY!
My dear friends,
My technical analysis for USOIL is below:
The market is trading on 68.08 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 70.57
Recommended Stop Loss - 66.61
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
WTI Poised for a Rally? Key Support Hold Could Send Prices SkywaThe chart indicates that WTI is approaching a critical support zone between $67.60 and $69.40, a level previously tested and held.
After forming a consolidation pattern, the price is likely to break upward, heading toward the next resistance at $72.50 and potentially extending to $76.00 if momentum builds.
A bullish move would be supported by the price remaining above the $69.40 area, indicating strong demand at these levels.
However, if this support breaks, there could be a further downward move towards $67.60.
The target zones to watch on the upside are $72.50 and $76.00, with significant resistance around those levels.
USOIL BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
USOIL pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 78.60 area.
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USOIL still consolidating !!!Crude oil is expected to retest major support from last year at the 67 zone and possibly bounce as September is known as a positive seasonality for OIl trading. And if the consolidating phase continues, I expect oil to retest major resistance again on the 82 zone.
WTI OIL BULLISH REVERSAL My first try to publish an idea.
Possible bullish reversal on WTI OIL using XABCD Pattern which is almost on the dot with Fibonacci levels. Strong buy? Your comments and criticisms are very welcome!
WTI LONG -SHORT Sorry folks, here's the chart. My end of the the plays in WTI. More in and lvls in previous post
Ty
WTI - LONG SHORTThought I'd publish my first idea to the community. All things being equal , this will be my game plan for the rest of 2024.
Retest ~ 70.5 - 70.65 (Rejection)
Long Entry ~ 67.2 - 66.85 S/L 66.65
TP1 ~ 77.2 - 77.85 ( with rejection candle)
Long Entry ~ 70.6 - 70.5 ( on rejection)
TP2 ~ 79.2 - 79.5
Short Entry ~ 79.5 - 80.4 ( if rejected, S/L 81.5)
Let it ride till Major Target ( 57.7 - 57.3) is reached or End of year
Comes first.
As I said folks first idea, so no putting the kids inheritance on it😆.
Feed back and critique welcome.
Thanks folks✌️
Oil Price Second Week of September 2024 - 9 to 13 Sep
Price Action during the last week
Highest Value 74.42 $
Lowest value 67.20 $
Total Range 7.22 $
Next week Expected
Highest Value 71.45 $
Lowest value 65.45 $
Total Range 6 $
Up Trend
If the price record above 71.45 and hold it the price may move toward 73.80 which will lead to 75.80 and it hold there the price can reach 78 in the most positive scenario.
Down trend
If the price record below 65.45 The price may drop to 62.50 and if 62.50 did not hold the price can drop to 58 in the worth scenario.
Major News Expected:
11 Sep Inflation Rate
12 Sep PPI
13 Sep MCS
CRUDE OIL SWING LONG|
✅CRUDE OIL is about to retest a key structure level of 66.94$
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🚀
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USOIL: Long Trade with Entry/SL/TP
USOIL
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long USOIL
Entry Point - 68.08
Stop Loss - 66.47
Take Profit - 71.28
Our Risk - 1%
Start protection of your profits from lower levels
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USOIL: Local Correction Ahead! Buy!
Welcome to our daily USOIL prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 68.90
Wish you good luck in trading to you all!
Crude Oil - 5 lines bearishIf we look at Crude Oil on the daily chart with Ichomoku perspective
1. Kumo - price is below Kumo, telling us Sellers are in control.
2. Span A and Span B - borders of the Kumo are both facing down steeply.
3. Tenkan Sen is below Kijun Sen - telling us the medium term is bearish. Both lines are facing down.
4. Chikou - is both below and well clear of recent price action. This is bearish.
For next week the bias is to search for Short Opportunity's.
The intraday chart shows price consolidating in a Descending Triangle, before a breakdown in the last trading session.
Ideally would like to see a retest of this structure as resistance, before the next wave down.
Projected targets are based of this retest from 65.25 - 67.50
USOIL Analysis Pair Name = USOIL
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bearish
Pattern = Symmetrical Triangle
Explaination :-
USOIL Is forming the symmetrical triangle pattern breakout confirmed. we can see here a bearish wave.
US OILUS oil is in Bearish Trend for some time but now standing at very strong support and Divergence so expecting a reversal.
USOIL Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USOIL for a selling opportunity around 69 zone, USOIL broke out an important support and now is a correction phase in which it is approaching the retrace area.
Trade safe, Joe.
OIL Long - Quick Up, don't get fooledWe still didn't see the bottom yet, however I expect a little fake pump before further sliding down since it's friday and we swept a weekly swing low. No science needed.
usoilMy TVC:USOIL i see pa ending in a down trend with a possible reaction zone at 62. yet would be looking for a bullish rotation without expectations as we see a bullish flag on the weekly
Line in the sand for a downfall will be around 60. #trader #daytrader #usoil TVC:USOIL #oil #crudeoil #investor #technicalanalalyst #stockmarket #technicalanalist #awakensoul #artist usoil
"2nd try at the Oil sniper LONGOil now down 10% on the week and in a big zone of wicks . very much doubt this will close limit down this week or today ( weekly candle will have a wick) so sticking with the previous idea just a tad early on todays trade
USOIL breaking through previous supportAs seen on chart, price has broken through the previous support at 71.50.
Next support is at 67.75, so that's the target for now. May close it earlier based on price action.
WTI Light Crude Oil LongLooking to buy Oil off the low created in December 2023. On the Elliot wave, this is currently the 5th and final wave to the downside according to the theory.
With rate cuts on the horizon and political instability there is a good probability for Oil to begin a new upswing.
Technical Confluences:
Key Level
-38% Fibo extension level (take profit zone)
Elliot wave
Broker IC Markets
Entry- 67.80
SL- 66.90
TP- Open (Partials at 3RR)
