WTI Oil Trade IdeaWTI oil has reached a key support zone and appears overextended on the four-hour chart. I'm considering a counter-trend scalp, as demonstrated in the video. This is not financial advice.
WTI trade ideas
USOIL (WTI) - More downside?The price action for the WTI Crude Oil chart shows that the higher probability move appears to be to the downside, targeting the lower orange box around the 70.00 level. The recent price structure has failed to establish any convincing bullish momentum, and after testing the upper orange box around 73.00, the price has shown weakness. Without any strong buying pressure or upside catalyst visible in the current price action, the path of least resistance suggests a continuation of the downward movement toward the lower support zone.
Buying oil after a failureKeep an eye on the trend line. If it breaks, a buy confirmation will be issued.
WTIhello trader, today the price drop back to main support and we see 4hr bullish candle.. the price will likely reverse but regardless use proper risk management as suggested on the chart... the target level is the resistances as shown.. the price will likely make higher highs based on trend changing...
good luck..
WTI Crude Oil (USOIL) Daily Chart AnalysisCurrent Price: $71.16 (-2.70%)
Timeframe: Daily (1D)
1. Trend Analysis (Bearish Bias)
The price is in a downtrend, as shown by the descending green trendline.
Lower highs and lower lows indicate continued bearish momentum.
The price recently rejected the upper trendline, reinforcing the downtrend.
2. Key Support and Resistance Levels
Resistance Zone: $72.50 - $73.00 (Previous structure resistance).
Minor Support: Around $70.00.
Major Support Zone: $65.00 - $66.00 (Highlighted pink area).
3. Price Action & Market Structure
The recent price action shows rejection from resistance and a bearish engulfing candle, signaling more downside pressure.
A break below $70.00 could confirm further selling toward the $65.00-$66.00 support.
If the price bounces at $65.00, it could trigger a reversal or consolidation.
4. Trading Strategy
Bearish Setup:
Short below $70.00 with a target of $65.50-$66.00.
Stop-loss around $72.50 (previous resistance).
Bullish Reversal:
If price breaks above $73.00, consider a long position with a target of $75.00-$77.00.
Conclusion
The market is in a clear downtrend, and the price is approaching a key support area. A breakdown below $70.00 could lead to further downside, while a strong bounce from $65.00 may provide a bullish reversal opportunity.
Would you like additional indicators like RSI, MACD, or volume analysis?
Oil RetreatsOil prices experienced a significant decline after three consecutive days of gains. West Texas Intermediate (WTI) recorded its biggest drop since January, falling approximately 2.5%, partially affected by the latest report from the U.S. Energy Information Administration (EIA). The report revealed an unexpected increase in U.S. crude inventories of 4.1 million barrels, bringing stockpiles to 427.9 million barrels. This buildup comes immediately after last week’s report showed the largest inventory surge since February 2024, with an additional 8.6 million barrels.
These figures suggest that supply is outpacing demand in the short term, exerting downward pressure on prices. Meanwhile, the decrease in gasoline inventories—down by 3.0 million barrels—and distillate products has provided slight support to the market, partially offsetting the negative effect of rising crude stockpiles. However, there was also a sharp drop in oil imports, which fell to 6.3 million barrels per day, down 606,000 from the previous week. If this trend continues, oil-exporting countries like Colombia could face challenges due to weaker external demand.
Beyond supply and demand dynamics, the inflationary outlook in the U.S. has also influenced market sentiment. Higher-than-expected inflation data reinforce expectations of a more aggressive stance from the Federal Reserve, which could keep borrowing costs elevated and put additional pressure on dollar-denominated commodities. Additionally, recent remarks from President Donald Trump regarding a potential negotiation with Russia to end the war in Ukraine have fueled speculation about a possible easing of restrictions on Russian oil producers. If this materializes, it would reduce supply risks from Russia and contribute to bearish pressure on crude prices.
In the medium term, the EIA raised its U.S. crude oil production estimate for 2025 to 13.59 million barrels per day, adding another supply-side factor. In this context, oil prices remain under pressure, reflecting a mix of geopolitical developments, monetary policy adjustments, and growing signs of oversupply in the market.
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USOIL ANALYSISWaiting for certain confirmations but my overall bias is bullish for USOIL. Looking for buys between 2 zones>> 72.00 and 71.500. Lets wait and see.
USOIL Trend Analysis!Amid upside risks from Trump’s tariffs and downside pressures from policies favoring price cuts and overproduction, oil remains highly volatile, trading above key support levels while maintaining its broader downward trajectory from 2022 to 2025.
Critical support zones to monitor include $69.5, $66, and $64, which have acted as key rebound areas since December 2021. A firm close below the $64 support could accelerate losses toward the psychological $60 level and $55, aligning with the 0.618 Fibonacci retracement of the 2020–2022 uptrend.
On the upside, the upper boundary of the established channel serves as strong resistance near $78. A sustained close above $80 would signal a potential shift in sentiment, eyeing $84, $89, and $95, which align with waves A, C, and E of the triangle pattern, marked by the highs of September 2023, April 2024, and July 2024.
Key events to watch:
OPEC's monthly oil report
Trump’s tariff announcements
Fed Chair Powell’s testimony
U.S. CPI report
USOUSD, OilUSOUSD is still in a downtrend. The price still has a chance to test the 74.49-74.9 level. If the price cannot break through the 74.9 level, it is expected that the price will go down. Consider selling the red zone.
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Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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WTI CRUDE OIL: Aiming at 82.00 long term.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 48.507, MACD = -0.150, ADX = 34.872) as only today it crossed above the 1D MA50, following a correction since Jan 15th. The prevailing pattern is a Channel Up and we are very close to its bottom. The two bullish waves it had already, peaked after at least a +20% rise. As the 1D RSI is already on the S1 Zone, we anticipate a new bullish wave to start gradually and aim at the top of the Channel Up (TP = 82.00).
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11-2 Oil: 11-2 Oil: the down trend seems to be turning. Our signal system still shows a neutral score of 1 which consists of Retail sentiment 1, Seasonality 1, Trend reading 1, GDP -1, Manufacturing PMI 1, Services PMI -1, Retail Sales -1, Inflation 1, Employment Change -1, Unemployment Rate 1, Interest Rates -1. This data gives us a buy option at 74.445
USOIL Set To Grow! BUY!
My dear followers,
This is my opinion on the USOIL next move:
The asset is approaching an important pivot point 70.97
Bias - Bullish
Safe Stop Loss - 69.61
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 73.22
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
USOIL (CRITICAL SUPPORT ZONE HOLDS THE KEY TO NEXT MAJOR MOVE)Technical Analysis
Zone of 721.90-70.43, a zone that has historically acted as a strong foundation for price reversals. If buyers defend this level, we can expect an upward move toward 76.20, the first key resistance. A successful breach of this resistance could further push the price toward 78.21, followed by a potential test of the broader resistance zone between 80.44 and 82.79.
However, the risk lies in a confirmed 4-hour or daily candle close below 721.90-70.43, which would indicate a weakening bullish presence. In this case, the price could break lower, targeting 68.57.
Dear Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
WTICOUSD LONG TERM PREDICITIONBasically, this setup is from a monthly timeframe. I usually look for the trend first before entering. So, my analysis indicates a long-term buy, with many strong resistance levels that make it difficult for the price to break through. That’s all, thank you, let the market take its time to rise. :) TYOR (trust your own research/risk).
Oil updateNot much to update on oil as its doing exactly what it was setting up for in January.
I have a swing trade from the high, one of my targets should be reached by the end of this month. When price reaches my targets and a long set up appears I will take it.
for now I'm just riding my shorts.
All these levels I marked out in December and broke this move down. Price has been respecting all my levels for a month, I'm locked in. There is a lot of potential for a further decline in oil prices but ill attend to it when it gets there.
I have a lot of trades running that I don't post. There is a lot more detail and understanding of price action that goes into catching these pinpoint entries. my work speaks for itself, its less about profit and more about understanding price action. The profits will follow with good trade management.
let's see how it goes.
USOIL ..in the 1hr time-frame usoil was berish but late in the day there was a swift CHOCH to the upside in the 1hr time-frame. Expert a temporary bullish move. The move is temporary given that daily supply zone lies above the price.
USOIL 1H Analysis: Bullish Breakout or Reversal?📊 WTI Crude Oil (USOIL) 1H Chart Analysis 🛢️🚀
Current Market Status
Open: 73.33
High: 73.36
Low: 73.25
Close: 73.26 (-0.11%) 🔻
200 EMA: 72.40
Key Observations
✅ Strong Uptrend 📈
Price is trading above the 200 EMA (red line), indicating bullish momentum.
Recent candles show higher highs and higher lows, confirming upward movement.
✅ Consolidation Zone 📊
Price is currently in a range (orange box), suggesting a potential breakout.
Market is forming small candles, indicating indecision before a bigger move.
✅ Projected Breakout 🚀
The chart shows an anticipated bullish breakout above $74.00 - $74.85 target area (gray box).
If the price breaks above resistance, it may rally towards the next psychological level $75.00+.
❌ Risk Zone (Stop Loss Area) ⚠️
Support zone (bottom of the orange box) at $72.78 - $73.15.
If price breaks below this level, a bearish reversal could happen.
Trading Outlook
💡 Bullish Bias 📈: Look for a breakout above $73.50 - $74.00 for a long entry.
⚠️ Bearish Reversal Risk: A break below $72.78 may invalidate the bullish setup.
🔥 Potential Move:
🚀 Upside Target: $74.85 - $75.00+
🛑 Stop Loss: Below $72.78
USOIL - near resistance? what's next??#USOIL... market just placed his current resistance high so keep close that region that is around 73.40 to 74.00
of market holds that region in that case we can see a drop from here.
otherwise not ..
good luck
trade wisely
Crude remains under pressureCrude oil spent most of Wednesday morning drifting lower, giving back yesterday’s gains and more. Approaching midday, European time, front-month WTI was hovering above $72 per barrel, which, while off over a dollar from Tuesday’s high, was still a couple of dollars above the lows from last week. The daily MACD has flattened out, suggesting a small decline in upside momentum. On top of this, oil is nowhere near back to ‘oversold’ levels which would indicate a buying opportunity. Fundamentally, nothing major has changed this week, other than the unexpectedly-large build in US crude stocks as reported yesterday by the American Petroleum Institute (API). President Trump’s ongoing tariff programme may weigh on economic activity. The US Federal Reserve has said it is in no hurry to cut interest rates further, a point repeated yesterday in Fed Chair Powell’s testimony to the Senate Banking Committee in Washington. Mr Trump’s determination to increase US oil production could also add to supply, which is price-negative. Meanwhile, global demand growth has been falling thanks to China’s severe economic problems.
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Bullish bounce off pullback support?WTI Oil (XTI/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
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Oil weekly forecast with key buy and sell levels Oil on the weekly with key levels and buy and sell suggestions.
WTIC Oil moving into recession territoryOil is the first thing that is reduced in demand when economies weaken
Oil bearish scenarioThe oil price is on shaky ground and could easily fall below the four-year support zone. The price of oil would drop to $60.00. The announcement of the US-China, US-Canada-Mexico, and US-EU trade war will cause us to see a lower flow of goods globally, and therefore, we will see a decrease in the demand for oil. In such a scenario, oil will continue to fall to $50.00, where we were in January 2021.
