USOIL ABOUT TO SELL MASSIVELY Price has dropped over 1.59% today! It currently trade at $61.01 per barrel. A sell opportunity is envisaged once price drops lower to $59.9 our target profit is $56
WTI trade ideas
Oil Short: Ending Diagonal and Rising WedgeI propose that Oil is a good short candidate because of what I am seeing:
1. Rising Wedge
2. Ending Diagonal within the Rising Wedge
I propose 3 entry points for shorting but mention that if you are shorting at the top of the trendline, to cater for false breakout, meaning more allowance in your stop.
Good luck!
#USOIL 4HUSOIL (4H Timeframe) Analysis
Market Structure:
The chart is forming a classic Head and Shoulders pattern, which often signals a potential reversal from an uptrend to a downtrend. The left shoulder, head, and right shoulder are clearly visible, and the neckline is an important support zone to monitor.
Forecast:
A sell opportunity may be considered if the price breaks and closes below the neckline with confirmation. This breakdown could indicate the start of a bearish trend continuation.
Key Levels to Watch:
- Entry Zone: Look for a sell setup once the neckline is broken and retested as resistance.
- Risk Management:
- Stop Loss: Positioned above the right shoulder to minimize risk.
- Take Profit: Target nearby support zones or use a measured move technique based on the pattern's height.
Market Sentiment:
As long as the neckline holds and the breakdown is confirmed, bearish momentum is likely. A failure to break below the neckline would delay or invalidate the selling setup.
Oil : April Could Be the Worst Month in Three and a Half YearsOil Prices: April Could Be the Worst Month in Three and a Half Years
As the XTI/USD chart shows:
→ at the beginning of April, WTI crude was trading above $71 per barrel;
→ this morning, on the last day of the month, the price has fallen below $60.
The overall decline may reach 16% — the worst monthly performance since November 2021.
Why Is Oil Falling?
The primary driver behind the sharp drop in oil prices earlier this month was the introduction of new US tariffs, particularly targeting China and the EU. This raised concerns that a potential global trade war could slow economic growth and, in turn, reduce global oil demand.
According to a Reuters poll, the tariffs imposed by Trump have made a global recession in 2025 a realistic risk.
In addition, growing attention is being paid to OPEC+ and its plans to increase oil production. The next meeting is scheduled for 5 May.
Technical Analysis of the XTI/USD Chart
Oil price fluctuations in 2025 have formed a descending channel (highlighted in red), with lower highs and lower lows reflecting continued bearish sentiment.
Bulls may hope for support to emerge around the $58.85 level, as:
→ this has acted as support before (as indicated by arrows);
→ this level aligns with the lower boundary of a local upward trend (shown in blue), which formed after news broke that Trump had postponed the implementation of some tariffs — triggering a sharp rebound in oil prices from the 9 April low.
Nevertheless, the broader structure remains bearish: the rise towards point C appears to be a corrective recovery following the impulse drop from A to B. Given the potential impact of upcoming news — including statements from the White House and OPEC+ decisions — a bearish breakout below the blue channel cannot be ruled out.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USOIL CAUTION! BREAK - TEST - GO!This is my new updated chart of Oil.
Trump's "Drill baby Drill" interfering with the free market is the absolute worst thing he could do. His ridiculous tariffs will put us in an economic depression!
Oil prices are driven by demand! As I have mentioned here on TV so many times before! Increasing supply while heading into a recession is the dumbest thing possible! You never want to consume your own oil when you can consume others first! Simultaneously, F your own nation's oil company's profit margins and gov tax revenue!
This is why we shouldn't put toddlers as POTUS!
Anyway!!! This is a break test go! setup!
If you haven't seen it before, here is an example I recently posted with AAPL.
Click Boost, follow, subscribe! Let's get to 5,000 followers so I can help them navigate these crazy markets too. ))
WTI CRUDE OIL: Buy signal at the bottom of the Channel Up.WTI Crude Oil turned bearish on its 1D technical outlook (RSI = 42.387, MACD = -1.000, ADX = 27.186) as it crossed under the 4H MA50. Still, it hit and is so far contained at the bottom of the Channel Up, which makes it a strong short term buy opportunity. Aim for the 4H MA200 (TP = 65.00).
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Could the price bounce from here?USO/USD is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 59.32
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 57.02
Why we like it:
There is a pullback support level.
Take profit: 62.08
Why we like it:
There is an overlap resistance level.
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CRUDE OIL Move Down Ahead! Sell!
Hello,Traders!
USOIL was making a
Bullish correction but
It is in the downtrend
Overall, so as the price
Is hovering beneath the
Horizontal resistance
Of 64.80$ from where
We will be expecting a
Local bearish correction
Sell!
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WTI is due for a pullbackWTI has been falling for the entire week now. A hammer has formed on the hourly candle just right above a support. We expect pullbacks. TPs are as followed and SL is located at the support below.
Please do not risk more than 1% per trade。
If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!
USOIL – Key Levels in Play. Here's What I'm WatchingAfter rejecting the 65.27 resistance, USOIL sold off sharply, dropping to the 59.5 support zone — just as anticipated.
This confirms that the market is still respecting key support and resistance levels and trend lines.
Current Scenario:
Price is sitting around 59.5. If this support holds, we could see a corrective move (buy) back to the 62 region. But that zone is now a strong area of interest — previously a broken support, now likely to act as resistance.
Here’s my game plan:
– If price pulls back to 62 and fails to break above, I’ll be watching for a sell setup targeting the 57 or even 55 area.
– If price breaks and holds above 62 with momentum, then I’ll re-evaluate for possible upside continuation.
– Right now, a short-term buy from 59.5 to 62 is valid, but it's riskier. The safer bias remains to the downside until 62 is broken cleanly.
So, while buyers might attempt something from current levels, the dominant trend and structure still favor the sellers — especially below 62.
Heading into 61.8% Fibonacci resistance?WTI Oil (XTI/USD) is risng towards the pivot which has been identified as a pullback resistance and could reverse to the 1st suport which acts as a pullback support.
Pivot: 65.64
1st Support: 57.71
1st Resistance: 71.18
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.
Bearish drop off pullback resistance?WTI Oil (XTI/USD) has rejected off the pivot which is a pullback resistance and could drop to the pullback support.
Pivot: 61.64
1st Support: 59.89
1st Resistance: 63.13
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.
What do silver and oil have in common? Price.Since 1861, silver and crude oil charts have trended together rather well.
So, if you think there is a "cartel" which manipulates the silver, there must also be manipulating crude oil.
Or, the more logical explanation is that capital flows are carving out these price charts.
USOIL BULLS WILL DOMINATE THE MARKET|LONG
USOIL SIGNAL
Trade Direction: long
Entry Level: 59.70
Target Level: 63.67
Stop Loss: 57.06
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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