US Oil technical analysis.US oil technical analysis us oil continuously respect this trend line. If this trend line breakout then we expect upside move. Not financial advice.
WTICOUSD trade ideas
USOIL/Natgas ratio -reversal due (long CL1/sell XNG)The ratio seems to be i n its last leg down if the wave counts are correct
Expect a large reversal in the other direction soon
Long USOIl/ Sell XNG
Oil Prices Plummet as Trade Tensions RiseOil prices took a hit after Trump's tariffs were announced, and it's essential to understand the reasoning behind this drop.
When US imposed tariffs on Chinese goods, China retaliated by placing tariffs on US goods, including oil. This move led to a decrease in oil demand from China, which is the world's largest oil importer. As a result, oil prices plummeted.
◉ Key Factors Behind the Decline
● Trade Tensions: The escalation of trade tensions between the US and China led to a decrease in oil demand, causing prices to drop.
● China's Tariffs on US Oil: China's decision to impose tariffs on US oil imports reduced demand for US oil, contributing to the price decline.
● Global Economic Slowdown: The ongoing trade tensions and tariffs have led to a slowdown in global economic growth, further reducing oil demand and prices.
● Increased Oil Production: The US has been increasing its oil production, leading to a surplus in the market and contributing to the decline in oil prices.
◉ Technical Observations
● A notable decline in oil prices has been observed since mid-January 2025.
● Prices are currently hovering near the critical support zone around $66, a level that has historically provided a floor for prices.
● If this support level is breached, it may trigger a further decline in oil prices.
OIL Could Test 66, Bearish Trend Is IntactOIL Could Test 66, Bearish Trend Is Intact
Technical Analysis: The price may rise to test the broken structure zone near 68.70 before potentially moving downward again. The first support zone is anticipated at 67.10, with a lower support level at 66.00.
Oil prices declined for a third consecutive session as major producers' plans to increase output in April, along with concerns over U.S. tariffs on Canada, Mexico, and China, dampened investor sentiment and raised fears of slowed economic and fuel demand growth. - as reported by Reuters.
You may find more details in the chart!
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WTI Crude Oil (USOIL) BUY OPPORTUNITYTrade Setup
📉 Current Price: 66.40
🎯 Take Profit 1: 80.50
🎯 Take Profit 2: 87.29
🎯 Take Profit 3: 93.54
🛑 Stop Loss:
🔍 Why is this a high-probability setup?
✅ Historical RSI Reversals:
Since November 2021, crude oil has reversed from the RSI 30 oversold level 5 times—each time leading to significant bullish rallies. We are once again at this critical point, signaling a potential strong rebound.
✅ Accumulation Zone for Buyers:
Price has now entered a key accumulation area where buying pressure has consistently stepped in over the past 3 years. This zone has historically acted as a springboard for price rallies, making it an ideal location for long positions.
✅ Key Resistance Levels to Watch:
If momentum picks up, we can expect price to retest major resistance levels at $80.50, $87.29, and potentially $93.54, aligning with historical price action.
🎯 Strategy & Risk Management:
Entries in this zone have high reward potential with proper risk management.
Stop-loss placement should be based on your personal risk tolerance, ideally below the accumulation zone.
Keeping an eye on fundamental drivers like OPEC decisions, geopolitical tensions, and inventory reports will help in trade management.
🚀 Conclusion:
Crude oil is at a historically significant buy zone with strong technical confluence. If history repeats itself, we could see a powerful rally from these levels!
US OILUS OIL is making a falling triangle pattern on the weekly timeframe. The new administration in US is skeptical on high prices of oil, it is assumed that the US will want lower prices of oil in order to boost up economic activity amidst cease fire in the middle east region. Having all this is consideration and reviewing the pattern on the chart we can expect the oil prices to fall drastically once it breaks down the triangle. As the analysis is on weekly timeframe, it might take a few months to achieve the levels of 45 to 50. On the other hand if there is such a development that can shoot up the oil prices than this analysis should be considered null and void. As you all may know oil prices is one of the few commodities that is driven by news and events rather than pure charts analysis.
USOIL is bearishoil made head and shoulder pattern at the end of bearish move and bounce back after failing to continue its downward move .this is a price action pattern confirming bearish setup if the trendline holds . please see what would happen
WTI CRUDE OIL: Major bullish signal on 1W.WTI Crude Oil turned oversold on its 1D technical outlook (RSI = 30.839, MACD = -1.280, ADX = 30.692) as it entered the 2 year S1 Zone. This is where all major rebounds took place. In the meanwhile a 1W RSI below 40.000 (like now) has been the strongest buy signal in the same period of time. Buy and target the LH Zone (TP = 76.00).
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WTI crude looks set to break $65 handleCrude oil prices have dropping another 4% with Brent reaching its lowest levels since December 2021, after breaking the September 2024 low of $68.60. If Brent is anything to go by, WTI looks like it too will break its corresponding September 2024 low of $64.95 - and therefore the $65.00 psychological level - soon.
Oil price prices have dropped on concerns about the economic impact of Trump's tariffs and after the OPEC+ decided to proceed with a planned April output increase.
Is WTI heading down to $60?
By Fawad Razaqzada, market analyst with FOREX.com
Final Target achieved!Just for the record, Oil achieved the ST target.
Recession, tariffs and Peace will continue to send oil down.
USOIL BUY PositionChart and lines talk to you...
Manage your risk...
R/R4 or more...
Do you think does it worth to risk on this position??
WTI Crude under pressure ahead of the weekly InventoriesBearish Scenario:
WTI Crude remains in a bearish trend, with price action aligned with the prevailing longer-term downtrend. The key resistance level to watch is 68.71. If an oversold rally occurs but faces rejection at this level, the downtrend is likely to continue, targeting 66.50, followed by 66.08 and 65.75 as the next downside support zones over a longer timeframe.
Bullish Scenario:
A confirmed breakout above 68.71 and a daily close above this level would invalidate the bearish outlook. This could trigger further upside movement, with resistance targets at 69.34, followed by the psychological 70.00 level.
Conclusion:
The broader outlook remains bearish, but 68.71 is the key pivot level. Rejection from this zone reinforces the downside bias, while a sustained breakout above it could shift momentum toward further gains. Traders should watch price action around this level to determine the next move.
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.
USOIL reaching the vital decision-making point... Are you a Buyer or a Seller at this point?
Chart is clean and clear...
USOIL POTENTIAL SHORTUSOIL had broken the daily Order Block and made a bearish daily FVG. Look for a break of structure on 5 mins chart in the daily FVG for short.
UOIL ANALYZE # 1. Is this the right time to take a short positioI missed the first opportunity(marked in a chart with an arrow) last Friday, but this chart is going on my watchlist to find another chance to take a short position.
As you can see in the chart, the price fluctuates between 70.36 and 72.88 within the green rectangle range box.The last downtrend wave that broke the support level at 70.433 is very strong, and it began from the top of the range box. The target area marked on the chart is a key level and a very strong support for WTI.
Actually, when the price broke the 70.40 support level, I could have taken a short position, but considering the stop-loss size, it was not easy to make a good gain.
I'm going to wait for a price correction. If I find a sell setup, I'm going to take a short position.A lower low and lower high are going to be the next short trigger.
Trading futures is always risky. Always do your own research and analysis. Do not forget the most important part: risk management. No one can predict how financial markets will behave with certainty.
USOIL WTI The price was in a downward trend, moving within a descending channel. A breakout from this channel indicates potential trend reversal or correction.
Consolidation Zone Identified:
The price is currently in a consolidation phase (marked in orange).
A breakout above this zone could confirm bullish momentum, while rejection could push it lower.
Key Resistance Levels for Upside Targets:
If the price breaks above the consolidation zone, it could rally toward 71.246 and 72.103 as potential resistance levels.
Green arrows indicate bullish breakout targets.
Key Support Levels for Bearish Move:
If the price fails to break above the consolidation zone, A further breakdown below this support level could push the price toward 68.400 and 66.888, the next major support.
Conclusion:
The next major move will depend on how price reacts to the consolidation zone. A breakout above could lead to bullish targets, while failure could send prices lower toward the next major support. Traders should watch for confirmation before entering trades. 🚀📉
Crude Oil Investment ChanceAs I mentioned last time, it is time to buy in some positions. Check out for my latest post “Crude Prospect” and it is a best time to invest into it.
I gave you once before and it reached until our target and this time is geopolitically GREATEST time to invest. Our investment will go 100%.
Good luck for your trades 👊🏻
Oil Under Pressure Amid Tariff Tensions and OPEC+ UncertaintyMacro:
- Oil prices stabilised after hitting multi-month lows as the market weighed potential output increases in Apr and escalating tariff tensions among Canada, Mexico, China, and the EU.
- Meanwhile, the halted US military aid to the Eastern Europe conflict, and OPEC+ production decisions continue to pressure oil.
Technical:
- USOIL remains in a downtrend, consistently making lower lows while trading below both EMAs, signalling persistent bearish momentum. However, the price is nearing the oversold zone, supported by multiple key levels.
- If USOIL continues declining, it may retest 66.90 and 65.80, aligning with the 78.6% Fibonacci Extension.
- Conversely, holding above 66.90 could lead to a short-term sideways movement, with a potential retest at 70.20, confluence with EMA21, and the descending channel’s upper bound.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
WTI Oil H1 | Strong overhead pressuresWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 68.46 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 69.40 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance.
Take profit is at 66.82 which is a swing-low support.
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oilly trend lineprice falling on growth concern if trend line breakdown then there could be deflationary water fall
Hellena | Oil (4H): SHORT to the area of 67,037 (Wave C).The price is still in a downtrend and I believe that before the price starts an upward movement it needs to complete a big “ABC” correction and a small five-wave formation.
I think the price will reach the level of 67,037. This level is quite important, because in its area we need to look carefully for reversal patterns.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
"Drill baby drill"Will we get a second leg up on crude oil? We might be in for a multi year bull market here.
