Get started
WTI Light Crude OilWTI Light Crude OilWTI Light Crude Oil

WTI Light Crude Oil

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

WTI trade ideas

USOIL Trade Update📢 FX:USOIL Trade Update Hey Traders! Following recent fundamental and technical developments, we’re seeing strong bullish momentum on Crude Oil. 🔹 Fundamentals: Trump's new tariffs are driving market sentiment, pushing oil prices higher. Despite last week’s excess supply from the US oil stock inventory, Crude held strong at $72 and failed to close below the 38.2% Fib level, signaling strong buy pressure. 🔹 Technicals: The descending channel breakout confirms a bullish reversal. This rally was triggered by the tariff remarks, and if more tariffs are imposed, we could see Crude pushing towards $80+ in the coming weeks. 🎯 Plan of Action: We’ll be looking for buy/long positions on market open (Monday), ahead of the next Crude Oil inventory report. Regardless of the report outcome, momentum suggests higher prices for the black gold. 📊 Stay ready, and trade smarter! 🚀
FX:USOILLong
by niclaxfx
Will The Price of Oil Rise in February?Will the Price of Oil Increase This Month? Oil traders are watching the charts closely as the market hovers around crucial price levels. With multiple confluences aligning, the question remains: Will the price of oil surge this month, or is a reversal on the horizon? Key Price Levels and Market Structure Currently, crude oil is sitting at a major support zone that has historically acted as a launchpad for bullish momentum. On the flip side, resistance levels above signal potential barriers that could stall upward movement. The market is at a decision point, and traders must be prepared for either scenario. Technical Confluences Supporting a Price Increase Several factors point toward a potential bullish breakout: Previous Support and Resistance: Price is retesting a significant demand zone, which has held strong in past trading sessions. Moving Averages: The 50-day moving average is acting as dynamic support, reinforcing bullish sentiment. Engulfing Candles: Recent price action has shown strong bullish engulfing patterns, indicating buyer interest. Fundamental Catalysts: Supply cuts, geopolitical tensions, and seasonal demand shifts could add fuel to the fire. The Bearish Case: What Could Send Oil Lower? While bullish signs are present, ignoring downside risks would be a mistake. If price fails to hold at key levels, we could see: Break of Support: A drop below crucial levels could trigger panic selling. Diminishing Momentum: If volume doesn’t support a push higher, a pullback is likely. Macroeconomic Factors: Weak demand or unexpected production increases could shift the market downward. How Traders Can Approach This Setup For traders looking to capitalize on the next move, here’s how to stay ahead: Set Alerts: Use TradingView to track price movements at key levels so you don’t miss the breakout or breakdown. Wait for Confirmation: A clear candle close above or below critical areas will provide more certainty before entering trades. Risk Management: No setup is a sure thing—set stop losses accordingly and manage position sizes wisely. Oil is at a make-or-break moment. Whether we see a strong rally or a sharp drop will depend on how price reacts at these crucial levels. What do you think—bullish or bearish? Drop your thoughts in the comments and let’s talk trading!
FX:USOILLong
by TLTurnerTV
USOIL What Next? BUY! My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 73.75 Bias -Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 76.36 My Stop Loss - 72.34 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
4
WTI on high time frame "Dear traders, concerning WTI, the price has touched $73 and has been technically rejected from this level. Candle formations on higher time frames suggest a potential increase in price. Considering the political and geopolitical factors outlined in this article (www.tradingview.com), if the price can hold above the $73 zone, my view is that the next target could be $76." If you have any specific questions or need further assistance with your message, please let me know!
OANDA:WTICOUSDLong
by somayehbasiri
Energy Policy and USDWTIKey Entry Points: Ideal Entry: $78 (Sell Position) The $78 level was an optimal sell entry, primarily due to the declaration of emergency in the energy sector made by the new administration. This policy move is expected to increase energy production significantly. The current administration is heavily investing in the energy sector to mitigate price increases in other sectors, combat inflation, and maintain or reduce it. This macroeconomic context highlights why $78 was a strategic sell zone. Current Entry Opportunity: $74 (Sell Position) From a technical analysis perspective, $74 is a notable resistance level. While this level carries more risk compared to $78, it presents a viable sell opportunity due to price inefficiency beginning at this point. Observing the daily chart, we notice an efficient bearish trend with a clear price inefficiency that originated at $74. This inefficiency creates a strong resistance zone, making it a reasonable point for continuation to the downside. Technical Analysis Across Timeframes: Daily Chart: The current bearish trend remains intact. The inefficiency at $74 reinforces the case for selling at this level. While not as secure as the $78 zone, it offers a good probability for a continuation to lower levels. Weekly Chart: The market is currently in an impulsive phase. However, no significant support or resistance zones are evident within this timeframe. This lack of structural confirmation increases the risk of entering at this level. Monthly Chart: The monthly chart shows a clear rejection from a downward resistance. This reinforces the bearish outlook and aligns with the target at $70.80, which represents a strong support level.
FX_IDC:USDWTIShort
by Wiiso
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 80.100 breaks. If the support at 64.000 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: A trough is formed in daily chart at 66.510 on 11/18/2024, so more gains to resistance(s) 75.446, 77.920 and maximum to Major Resistance (80.100) is expected. Take Profits: 75.446 77.920 80.100 83.961 87.000 93.882 100.802 109.192 126.350 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
BLACKBULL:WTILong
by ForecastCity
20
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
FX:USOILShort
by ShahedZare
Will it, won't it.. who know's. Oil has been on a rollercoasterFacts we know. SPR is to be filled by Trump's declaration. Everyone is in debt from low oil prices. There will still be disruptions. No one now wants to increase oil output to force it below a reasonable manufacturing base cost. I don't think countries will take kindly to threats of tariff's and imports are a regular way of life. Price might go up, it might go down.. either way the rollercoaster ride hasn't finished yet. I remember when I was at school, we were told that we would run out of oil about 10 years ago.. yet here we are.
OANDA:WTICOUSDLong
by mustafabeercan
Oil looks good to longGreat opportunity for longs on OIL, I expect the retracement to at least 0.5 of the correction we received on this asset, we have taken the liquidity below the previously formed equal lows which have appeared before the impulse movement as well as tested the daily imbalance formed prior to the run up higher, lots of liquidity on shorts resting higher which is likely to be taken, probably not this week but I anticipate the start of the next month which is February to be bullish for Oil at least in the context I have described
TVC:USOILLong
by itismetrading
WTI CRUDE OIL: Bullish dirgence on 4H RSI points to $85.00WTI Crude Oil is neutral on its 1D technical outlook (RSI = 46.798, MACD = 0.400, ADX = 43.927) as it hit the 1D MA50 and so far it is holding it. The correction of the past 2 weeks has been significant but the 4H RSI is posting a bullish divergence on HL and we might be technically having a bottom like February 27th. We anticipate an identical +18% rise (TP = 85.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope