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WTI Light Crude OilWW

WTI Light Crude Oil

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WTI trade ideas

OIL POSSIBLE BUY?The market is currently testing the current Daily 0.7 & 0.61 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
FLong
by WiLLProsperForex
USOIL My Opinion! BUY! My dear friends, USOIL looks like it will make a good move, and here are the details: The market is trading on 74.53 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 76.87 Recommended Stop Loss - 73.41 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
TLong
by AnabelSignals
1
USOIL BULL Triangle The oil chart is showcasing a large triangle pattern within a smaller triangle, and the breakout of the smaller triangle to the upside strongly suggests that the larger triangle will also be broken. This breakout signals the potential to target significantly higher levels. Additionally, the bottom has been tested approximately four times, with the last test clearing out all liquidity. Now, the chart appears to be gearing up for a major upward move after a prolonged accumulation phase. As for my perspective, I’m betting on oil’s rise rather than its decline, even though the current triangle formation is typically a bearish (descending) triangle. The second entry opportunity will present itself after the larger triangle is broken and confirmed through a retest. Note: I don't care about the count if it right or not don't comment on that please
BLong
by hakimbo989
USOILI’m observing several factors that indicate USOIL might face significant bearish pressure, making this an ideal opportunity to go short. Here’s my analysis: 1. Economic Slowdown Concerns Fears of a global economic slowdown have dampened demand for crude oil. As economies cool, industrial production, transportation, and energy use decline, all of which weigh heavily on oil prices. 2. Oversupply Risks OPEC+ decisions, combined with the United States increasing its shale production, could lead to an oversupply in the market. If supply outpaces demand, it would further pressure USOIL prices downward.
FShort
by Austin-August
Bullish bounce?WTI Oli (XTI/USD) is falling towards pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 75.10 1st Support: 73.14 1st Resistance: 77.10 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.
ILong
by ICmarkets
1
Buy OIL 71$ - 74$ zoneOil needs a temporary rest after the rapid pump it had. This rest is somewhere between $71 and $74. Since the oil trend is still bullish, it is not easy to enter the trade. It is reasonable to wait for the trend correction. The first definite target for oil according to the chart ahead is $82. However, in my opinion, the great oil cycle has begun to grow again and it has goals of close to $170 to $200 in the future. However, it is better to consider short-term goals. The final point, based on the analysis ahead, is that oil will definitely see a price of $100 again in the next few months.
T
by hojijoon
USOIL to 75$As I indicated on the chart, there are two pending orders for oil, both of which must be filled. The first order is related to the gap between the two candles that has been identified, and the other is related to the pullback left from the breakout level, which has a price of about $75. If the $75 level is broken, we can also think about $72. In the overall trend, however, our view on USOIL will be bullish. So the best opportunity to buy is at the two levels mentioned.
TShort
by hojijoon
WTI crude oil Wave Analysis 23 January 2025 - WTI crude oil reversed from resistance level 78.00 - Likely to fall to support level 72.60 WTI crude oil recently reversed down from the major resistance level 78.00 (has been repeatedly reversing the price from July, as can be seen from the daily WTI chart below) The downward reversal from the resistance level 78.00 started the active intermediate impulse wave (3). WTI crude oil can be expected to fall toward the next support level 72.60 (low of the previous short-term correction iv from the start of this month).
FShort
by FxProGlobal
USOIL - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key swing low and left untouched swing high. But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher. Your success is determined solely by your ability to consistently follow the same principles.
FLong
by Maks_Klimenko
Bullish bounce off pullback support?USO/USD is falling towards the support level that aligns with the 161.8% Fibonacci extension and the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 75.03 Why we like it: There is a pullback support level that aligns with the 161.8% Fibonacci extension and the 50% Fibonacci retracement. Stop loss: 73.03 Why we like it: There is an overlap support level that is slightly below the 61.8% Fibonacci retracement. Take profit: 77.44 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VLong
by VantageMarkets
USOIL POTENTIAL TRADE SETUP📢 Quick Market Update: EIA Report on FX:USOIL Crude Oil The EIA Crude Oil Stocks Change report is out, and it caught everyone off guard! The actual figure came in at -1.017M, significantly higher than expected. This is negative for Crude, signaling potential lower prices ahead. If you caught our last WMA announcement, you’re already prepared for this scenario. Based on the report: 🔹 Expect Crude to decline toward $73 support. 🔹 A potential bullish recovery could follow, aiming to break above the yearly descending triangle formation on the chart. 💡 Key Notes: No open trades currently. The fakeout is confirmed, so a dip towards yearly support strengthens confidence in our potential BUY trade. For now, stay put and let the market settle. 📈 Once we confirm a bullish reversal or continuation, we’ll look to go long. Remember, the overall market trend remains bullish, so stick to the trend and trade smarter, not harder! Stay tuned for further updates! 🚀
FLong
by niclaxfx
1
Prime Buying Opportunity for Crude Oil Nearing Crude oil is currently consolidating around the $75 level. A glance at the daily MACD reveals a close but no crossover of the MACD and signal lines. A bearish close today could signal a downturn, but a bullish close would likely see the MACD resume its upward trend. Since its correction from $79, the price has been holding above the midpoint of the January 10th bullish candle at $74.66. This level, also coinciding with the 5-day moving average on the weekly chart, is a crucial support zone. Given the significant volume accumulated in the first week of January, this presents a compelling opportunity for aggressive swing trading. Today's oil inventory report is expected to act as a catalyst for a bullish reversal. While the market is bearish on oil supply expansion due to Trump's election, technical analysis suggests further upside potential. We recommend adopting a buy-on-dip strategy. For daily insights into Nasdaq, oil, and gold, please follow and subscribe to my analysis.
TLong
by Futureguard