The decisive day of major data (USOIL)
Yesterday, it was pointed out in the analysis circle: The support of 58 needs to be tested. Sure enough, buying at low levels continued to expand profits. The current price is 59.6. From the pressure analysis, the market is still affected by data that oversupply, and institutions will not reduce production in a short time. Therefore, oil prices will fall further,
The oil price broke through 59. Due to supply reasons, the market still has a downward range. 60-61 is a good choice to sell in succession.
tp58-57
WTI trade ideas
Can oil prices continue to be shorted? Of courseSaudi Arabia made a major strategic shift, willing to accept low oil prices and unwilling to cut supply.
Oil prices fell sharply as a result.
It is expected that oil prices will hit 55-56 in the short term, so the operation is still mainly shorting oil prices. Overcapacity.
XTIUSD – 4H Short Position ExplanationI have entered a short position on XTIUSD (WTI Crude Oil) based on a multi-timeframe bearish confluence setup:
Weekly and Daily Trend: The overall structure on both the weekly and daily charts is bearish, showing a consistent downtrend and favoring sell setups.
Daily Chart Structure: Recently, price formed a lower high on the daily timeframe, indicating continued bearish pressure and a rejection from a key resistance zone.
4H Price Action: On the 4-hour chart, price has broken a major support level, confirming the bearish momentum. This breakdown increases the probability of further downside movement.
Trendline & Structure: The pair is respecting a descending trendline, further supporting the bearish scenario.
RSI Confirmation: The RSI has dropped below 40 and continues to trend downward, reflecting bearish strength without yet being oversold.
This trade aligns with the higher timeframe trend, with a clear break of support and momentum favoring sellers. The risk is managed above the broken structure, and the setup offers a favorable risk-to-reward ratio.
USOIL: Bearish Forecast & Outlook
The recent price action on the USOIL pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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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USOIL is ready to push againNo comment needed. All information is in the chart analysis.
Steps to follow:
Analyze yourself.
Take the position with SL and Take Profits.
Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :)
Get the result.
I will update the trade every day.
Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger!
Good trades, Traders!
The golden bear
USOIL SPOT CASH ANALYSIS Oil Analysis:
Overall Trend: The general trend remains bearish, moving towards key supportive correction zones aligned with Fibonacci retracement levels.
Technical Signals:
A regular hidden positive divergence has appeared, suggesting a potential upward movement from the corrective Fibonacci levels.
Outlook:
Based on the current setup, there are expectations for a bullish rebound from the corrective zones toward higher target areas, as illustrated in the accompanying chart.
USOIL BEARISH BIAS RIGHT NOW| SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 63.13
Target Level: 61.78
Stop Loss: 64.03
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
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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USOIL UPDATE GUYS Take Profit (TP):
• TP Level: 61.01 USD
• This is the target shown at the top of the white box and upward arrow, indicating bullish price projection.
Stop Loss (SL):
• SL Level: 57.51 USD
• This is the lower boundary of the red box, acting as the stop loss for this setup.
⸻
Support Levels:
1. Immediate Support: 58.44 USD
• Price recently reclaimed this level after a breakout; could act as short-term support.
2. Major Support Zone: 57.00 – 57.51 USD
• Marked by the blue zone at the bottom labeled “Weak Low,” indicating a demand area or liquidity zone.
⸻
Resistance Levels:
1. Current Resistance: 58.63 USD
• This is the level price is reacting to; if broken cleanly, it could lead to bullish continuation.
2. Next Resistance/Target: 61.01 USD
• Likely to act as major resistance and TP zone if bullish momentum continues.
Oil - Short Term Sell Trade Update!!!Hi Traders, on April 17th I shared this idea "Oil - Looking To Sell Pullbacks In The Short Term"
I expected to see bearish continuation until the two Fibonacci resistance zones hold. You can read the full post using the link above.
The price is currently holding in the first Fibonacci resistance zone.
Until both the Fibonacci resistance zones hold my bearish view still remains.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
WTI: B- tradeA page from my trading journal. Please take it with a grain of salt, as I’m still learning and growing 🌟
Bias balance
• Short (Fade 64.50)
– Risk: Small SL (tight)
– Reward: 3–4 points
– Probability: High
– Setup Grade: B
• Long (Breakout > 64.50)
– Risk: Moderate
– Reward: 3–5 points
– Probability: Medium
– Setup Grade: B-
OIL: Very bearish Monthly closeOIL ST/MT Outlook: Sell
From FA perspective, Oil is in downtrend:
1- Worldwide recession is/will create a lower demand for oil.
2- Risk: Agreements between Iran-USA and Ukraine-Russia will fade out any risk related.
From TA perspective:
1- Monthly close is a strong bearish. A continuation down is expected.
2- Next major stop is around $40.
WTI Crude Oil selling pressure below 6200The price sentiment for WTI Crude Oil remains bearish, in line with the prevailing downtrend. Recent price action shows an oversold rally, which has stalled near a previous consolidation zone around 6200 — a key resistance level.
Key Resistance Level: 6200
This level marks a previous intraday consolidation area and could act as a ceiling for the current rally.
Bearish Scenario:
If WTI fails to break above 6200, it may resume its decline toward:
5860 (near-term support)
5713
5550 (longer-term support)
Bullish Scenario:
A confirmed breakout and daily close above 6200 would shift momentum and open upside targets at:
6375
6533
6700
Conclusion:
WTI Crude Oil remains under bearish pressure unless it breaks and closes above 6200. Traders should monitor this level closely for signs of rejection or breakout.
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.
USOILOil shows price moving between a clear support level and a strong order block resistance above. Currently, price is trading inside a resistance zone around 63.25.
The chart indicates a potential bullish move, targeting the 64.22 level, where the order block resides.
Key Technical Points:
- Support Level: Strong demand area near 62.00.
- FVG (Fair Value Gap): Gap filled below current price.
- Resistance Zone: Price facing resistance around 63.00-63.50.
- Order Block: Major target area near 64.22.
Target Projection: $64.22
Outlook:
If buyers sustain momentum above the resistance zone, we could see a rally toward the 64.22 target at the order block. Confirmation of a breakout and retest would strengthen the bullish bias.
Would you like me to also create a quick short caption for social media posting?
Oil is Doomed: Time to SELL (Part 1/3)A Perfect Storm for Oil Has Begun
The start of April triggered a brutal selloff in oil, and it's only the beginning. Here’s why:
🛑 Global Trade Wars
On April 2nd, Trump launched a full-scale trade war. New tariffs could reach 23% — the highest in a century. China, the world’s largest oil importer, now faces 145% tariffs. Global trade slowdown = weaker demand for oil. Result? Oil dropped 10% in just 2 days — one of the worst drops in history.
📉 US at Risk Too
Goldman Sachs raised recession odds from 15% to 35%. Atlanta FED sees weakening GDP. The whole world slows down — and so does oil demand.
🛢️ OPEC Surprise Output Hike
OPEC+ has started increasing output — over 2.2 million barrels per day in 2025. The April hike alone was supposed to be 138,000 bpd, but turned out to be 411,000 bpd — triple the forecast. This is a MAJOR bearish shock to the market.
Flashback: Spring 2020 — OPEC raised output during an economic crisis. Oil dropped 65% .
USOIL Long Idea#USOIL
Under current market conditions, the area near 62.28 has been identified as a critical support zone, where the AI model detects a high-probability trade setup.
From a technical perspective, a clear directional bias based on recent price action patterns. If the market demonstrates increased volume and price stability above key moving averages in the 62.28 area, traders are advised to monitor for trend-continuation entry opportunities in alignment with the prevailing momentum.
Profit targets are defined at 63.67 and 64.86, corresponding to logical technical resistance zones. These levels are designed for staged profit-taking across different trade management styles. Stop-loss should be strictly enforced at the designated level; once breached, the strategy is considered invalidated in order to limit potential downside.
WTI OIL Oversold rebound at the bottom of 7-month Channel Down.WTI Oil (USOIL) hit last week the bottom (Lower Lows trend-line) of the 7-month Channel Down while its 1D RSI turned oversold (<30.00), the lowest it's been since March 2020 and the COVID crash.
Naturally, the price rebounded but still hasn't even tested the 1D MA50 (blue trend-line), which indicates that it remains a strong medium-term buy opportunity. With the previous Lower Low almost reaching the 0.786 Fibonacci retracement level, we expect to see at least $72.50 in the medium-term.
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Heading into Fibonacci confluence?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support which acts as and overlap support.
Pivot: 65.19
1st Support: 61.85
1st Resistance: 67.84
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Great Chance To Buy OIL To Get 500 Pips , Do You Agree ?Here is a very simple analysis on OIL . We have a broken res and very good price action , so i`m waiting the price to enter new trade on this pair , will wait for bullish Price Action on 1H / 2H Time frames to confirm my entry .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.