OILUSD PositiveOIL prices should hike from this support towards the normal 75,00 to the USD. This area is a strong support zone, let us see if it rejects habibi
WTICOUSD trade ideas
WTI OIL Approaching a potential rejection level.Our last short-term analysis (March 18, see chart below) on WTI Oil (USOIL) hit the $70.00 Target and is currently extending the uptrend:
We believe however that this uptrend may be coming to a temporary end as not only does it approach the 1D MA200 (orange trend-line) that has been intact since February 03, but also the 73.40 Symmetrical Resistance that kick started the -7.70% September 24 2024 rejection.
As you can this this is also where the 1D RSI 67.00 Resistance is, which has also caused 2 rejections.
Based on that, we will wait for a short on the 1D MA200 to target $68.00.
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WTI Oil H1 | Bearish downtrend to extend further?WTI oil (USOIL) could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 59.52 which is a pullback resistance.
Stop loss is at 61.50 which is a level that sits above a pullback resistance.
Take profit is at 57.37 which is a swing-low support.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
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Buy oil! Target 63-65！Crude oil is currently in a short position overall, and the rebound momentum is relatively weak. However, in the short-term structure, oil has shown obvious signs of stopping the decline, and the support of the 60-59 area below is still valid.
After hitting the low point of 58.9, oil began to rebound, and the rebound low gradually shifted upward. At present, oil holds the support near 60, and is expected to build a W-bottom structure in the short-term structure, which is conducive to further rebound of oil prices.
Therefore, in terms of short-term trading, you can try to go long on crude oil in the 60.5-59.5 area, and the rebound target will first look at 63, followed by 65
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WTI / OIL PoV - Break Point 65$ / 62$ / 47$ LONG The price of oil has recently undergone a significant retracement, dropping to its lowest levels in the last three months. This decline has been influenced by several factors, including trade tariff policies and decisions made by OPEC+.
In March 2025, the price of Brent crude fell below $70, touching a low of $69.76, its lowest since September. In New York, West Texas Intermediate (WTI) lost 1.64%, reaching $67.24. New tariffs imposed by the Trump administration on imports from Canada and Mexico have fueled uncertainty about international trade, raising concerns that global economic slowdown might cause oil demand to fall behind supply.
Additionally, OPEC+ decided to increase production by 138,000 barrels per day in April, with the goal of reaching a production level of 2.2 million barrels per day by 2026. This decision contributed to an oversupply that could negatively affect prices, especially if economic growth slows.
Trade tariffs have had a direct impact on the oil market. In February 2025, China imposed a 10% tariff on U.S. crude oil in response to U.S. tariffs, contributing to the drop in oil prices to their lowest levels of the year. Additionally, U.S. crude oil inventories increased beyond expectations, indicating further weakness in demand.
Geopolitical tensions, such as the U.S. proposals to take control of Gaza and the intention to strengthen sanctions on Iran, have added further uncertainty to the market, affecting consumer and investor confidence.
Regarding the price levels you’ve identified for potential purchases, it's important to note that the oil market is influenced by a combination of geopolitical, economic, and supply factors. The support levels at $65, $62, and $57 that you've pointed out may represent significant technical levels, but it’s crucial to monitor geopolitical developments and trade policies that can affect price volatility. It is advisable to consult up-to-date sources and market analysis before making investment decisions.
USOIL Will Move Higher! Buy!
Here is our detailed technical review for USOIL.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 62.526.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 65.043 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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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Plotted by TrumpI’ve been telling people that this is just a panic sell that people are doing, just keep your position no matter which price it goes to. 55,50,45,40. Its okay because ive advised to buy crude without leverage for investing. Its time to buy more actually!
I got some more positions yesterday, and might get another if it falls to 55. 👌
Keep it up because our trades will be profitable😁
Crude Oil: A Major Breakdown in the Making?Last Friday, April 4th, 2025, crude oil decisively broke below a key long-term support level that had held strong since late November 2021.
This significant downside breakout, if confirmed, could mark a major shift in the oil market structure — potentially opening the door for a deeper decline.
Based on Elliott Wave analysis, it appears that wave B has been completed in the form of a contracting triangle, and we are now likely entering wave C. According to Fibonacci projections, wave C could extend down toward the $41–$44 range, which represents roughly a 28% drop from current levels.
From a chart pattern perspective, price action has also broken down from a descending triangle — a classic bearish pattern — with a projected target that aligns closely with the Elliott Wave count around $44.
Moreover, this entire bearish move, which began in early June 2022, fits neatly within a descending channel — further validating the confluence of technical signals.
Breaking below such a well-established support zone alone could be a strong bearish signal. But when this is backed by Elliott Wave structure, pattern projection, and broader macroeconomic concerns, it suggests a high-probability short opportunity in crude oil.
Bullish momentum to extend?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 is a pullback resistance.
Pivot: 69.86
1st Support: 68.71
1st Resistance: 71.83
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USOIL CONSOLIDATION BULLISH MOMENT ENTRY 61.03*USOIL CONSOLIDATION TRADE ALERT*
*BUY NOW – ENTRY LEVEL: 61.03*
The *Pound is showing strength* in a bullish momentum!
This is a *BIG MARKET MOMENT* – don’t miss out!
*ENTRY:* 61.03
*TARGETS:*
1️⃣ 64.05
2️⃣ 65.30
3️⃣ 67.04
*STOP LOSS:* 58.24
*Secure the bag with proper risk management* – *NO LOSS* strategy when executed right!
Let’s trade smart, trade safe, and grow together!
*TRADE ACTIVE – JUMP IN NOW!*
*Follow, Like & Comment* for more signals & *Risk Management Services*
*#USOIL #TradeAlert #ForexSignals #SmartTrading #RiskManagement #NoLossStrategy*
*Start now – your success begins here!*
*Let’s win together!*
*BUY BUY BUY*
*Let's goooo*
*Disclaimer:* Always trade with proper risk management.
WTI Continues Sharp Decline and Enters Oversold TerritoryOver the past five trading sessions, oil prices have dropped more than 17% , with WTI crude falling below the $60 per barrel mark. This move reflects ongoing market uncertainty, as investors expect the new trade war to significantly weaken oil demand in the coming months. As long as confidence remains in a fragile zone, downward pressure on oil prices is likely to persist.
Break of the Sideways Channel
In recent weeks, a key sideways channel that had held since November 2023 has been broken. This shift could alter the neutral outlook that has dominated the oil market in the long term and now points toward seller dominance. As price movements stabilize, a stronger bearish trend may begin to develop in the short term.
Oversold Conditions Appear
RSI: The RSI line is currently holding below the 30 level, which signals oversold conditions on the indicator. This suggests that while bearish pressure has been dominant, the market may be entering an early stage of exhaustion, potentially opening the door for short-term bullish corrections.
Bollinger Bands: The price has completely broken through the lower Bollinger Band, indicating that it has moved beyond two standard deviations from the mean. This reflects high volatility and could signal a pause in selling momentum. In turn, it may lead to potential rebound zones forming soon.
Key Levels:
$58 – Near Support: This is the most important short-term barrier, aligning with multi-year lows not seen since 2021. Continued selling below this level could reinforce the current bearish bias.
$66 – Near Resistance: This level marks the lower boundary of the former sideways channel. It may act as a potential zone for bullish corrections in the short term.
$73 – Distant Resistance: This level aligns with the 200-period moving average. Price action approaching this area could reactivate the previously abandoned uptrend.
By Julian Pineda, CFA – Market Analyst
Analysis of oil prices in the next six months to one yearThe oil chart indicates that prices are likely to see lower numbers. The United States may intend to take a series of actions to keep oil prices down in order to alleviate some inflationary pressure, which could stem from the trade war and also from military conflicts involving the U.S.
From the chart, it can be inferred that in the medium term, prices might fluctuate between $55 and $69, but there is also the possibility of a correction down to around $43. This would benefit industrialized countries that consume oil, helping their economies become somewhat more resilient to the impending stagflationary shock worldwide.
Trade War Toilet Flush The tariff toilet flush has begun. 🚽 Don't get sucked down the drain into the sewer.
Let's look at oil. While things LOOK bad now, if we are headed to a true recession, look at the medium and long term supports for likely targets.
It feels like this "trade war" is a great cover for everyone to hide their dirty laundry in a growing pile of dirty laundry. I feel like the AI unwind has been going on for a while, and we had to "repay" all the printed money at some point.
DON'T PANIC. Look at previous crashes (dotcom bubble, GFC) for guidance of what things look like on the way down in a true crash. They want us to panic so they can buy things for dirt cheap then ride it all the way back up.
USOIL LONG SIGNAL|
✅CRUDE OIL fell down sharply
And will soon retest a key wide
Support area around 66.00$
So I think that the pair will make a rebound
Therefore we will be able to enter
A long trade with the TP of 68.20$
And the SL of 65.17$
LONG🚀
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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 Oil H4 | Pullback support at 61.8% Fibonacci retracementWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 69.99 which is a pullback support that aligns with the 61.8% Fibonacci retracement.
Stop loss is at 68.40 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement.
Take profit is at 72.94 which is a multi-swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Tariff Panic = Opportunity | WTI Long SetupWTI Oil has finally dipped into my long-watched buy zone, driven by macro fear and an aggressive tariff agenda. The current drop aligned perfectly with my long-term execution plan. I’ve placed this trade based on key historical demand levels with my stop-loss and take-profit clearly defined. I’m prepared for deeper drawdown, but this area remains high-conviction for me. Execution > Prediction.
Technicals:
• Key Level: Price tapped into a major demand zone dating back to 2021 lows, which had been protected ever since.
• Liquidity Sweep: This drop mitigated every low formed post-2021 — clearing out late longs and stop hunts.
• Trendline Break Anticipation: I expect a potential trendline breakout from the long-term descending structure.
• SL/TP Defined: This trade has structure. It’s not a hope-based setup, it’s pre-planned and managed.
• Consolidation + Accumulation: This is where strong hands prepare, and I’m joining in.
Fundamentals:
• Tight supply, rising global demand, and structural underinvestment in oil exploration.
• Chinese reopening + Russian ban tighten market availability.
• Central banks expected to support demand via easing cycles.
• Oil Bearish Catalyst (Short-Term):
• US tariff wave: Trump announced a total 54% tariff on China and baseline tariffs on all trading partners.
• Escalating fears of global economic slowdown pushed prices to $58.80, a 4-year low.
The bearish panic gave bulls like us a gift. This is how real trades are born - not in euphoria, but in blood.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
USOILWe are expecting USOIL to react below 60 for any buys.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
USOILThis chart shows the WTI Crude Oil (CL) on a 1-hour timeframe with key levels and potential trade setups based on the FVG (Fair Value Gap) and support and resistance zones. Here's a breakdown of the analysis:
Key Observations:
1. Support and Resistance Levels:
- Support Level: The price has recently tested the support level around 69.00. This area has acted as a bounce zone previously, which shows that buyers might be looking to enter the market here again.
- Resistance Level: The resistance level is around 71.50 to 72.00. This level was previously tested multiple times, and each time the price faced rejection from this level, making it a key area for potential price reversal.
2. Fair Value Gap (FVG):
- There is a Fair Value Gap (FVG) between 70.50 and 71.00. This gap represents a price imbalance where the market might eventually return to fill it. As the price is currently moving downwards, it suggests a potential retracement or reversal toward this gap in the near future.
3. Price Action:
- The price has recently shown a downward movement, breaking below the support zone at 69.00. After a sharp decline, there is a possibility of retracement towards the FVG area around 70.50.- Volume: The volume bars show significant buying pressure around the support zone, followed by decreasing volume during the price decline. This could indicate that the selling momentum is weakening, and a retracement towards the FVG area is likely.
Potential Scenarios:
1. Bullish Retracement Towards FVG:
- After the price dropped towards 69.00, it could now retrace towards the FVG gap around 70.50. The FVG gap might act as a resistance zone if the price attempts to fill it. If this happens, the price might face resistance at this gap level before turning downward again.
2. Bearish Continuation:
- If the price fails to hold above 69.00 and breaks further below this support level, it could continue to decline towards the next support zone below 68.50. This would invalidate the retracement scenario and suggest a bearish continuation.
3. Bullish Reversal from Support:
- If the price finds support at 69.00 and shows bullish price action (like a bullish engulfing candle or a strong green candle), a reversal could occur, and the price may start moving back toward the FVG gap. A break above the FVG gap could lead to a further rally toward the resistance zone around 71.50.
4. Target Completion:
USOIL CATCHING THE FALLING KNIFE|LONG|
✅CRUDE OIL lost 18% of it's
Value in the last 5 days on the
Trade war news, which makes
The market to expect a recession
And a sharp drop in the oil demand
However, I still think that Oil
Is locally oversold, therefore
A local bullish correction is
To be expected from the
Horizontal support below
Around 57.34$ and the
Target being the resistance
Above around 61.81$
LONG🚀
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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.
Wow the tariff situation definitely affected the oil movement..I'm wondering are we going to continue to go bearish this week I missed out on the drop but I'll be watching to see were I can still profit on the situation definitely share your input and feedback.
USOIL - Descending TriangleUSOIL Descending Triangle breakout, will it move towards target?
Entry, Stop Loss & Take Profit are mentioned.
