Get started
West Texas OilWest Texas OilWest Texas Oil

West Texas Oil

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

WTICOUSD trade ideas

Bullish on USOILAs the chart shows, in the 1 - hour timeframe, USOIL is in an upward - trending channel 📈. The price fluctuates upwards between two trendlines. Despite pullbacks, the uptrend persists, suggesting short - term bullish dominance. Still, the frequent swings reveal ongoing bull - bear market battles.📈 ⚡⚡⚡ USOIL ⚡⚡⚡ 🚀 Buy@61.5 - 62.0 🚀 TP 63.5 - 65.0 Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟
TVC:USOILLong
by Sovereign-
WTI Oil H4 | Bearish reversal off an overlap resistance?WTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 62.04 which is an overlap resistance. Stop loss is at 64.95 which is a level that sits above a multi-swing-high resistance. Take profit is at 59.18 which is a swing-low support that aligns close to a 61.8% Fibonacci retracement. 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 (tradu.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 (tradu.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 Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:USOILShort
by Tradu
Is this still the ‘Top Trade’ of 2025? (WTI crude oil)It’s not a big secret actually- I’m talking about crude oil! In the final week of 2024, the team and I highlighted two versions of the WTI crude oil weekly chart and asked ‘is this the top trade of 2024?’ Version 1 has already happened, WTI crude hit $55 per barrel, the downside objective of the smaller triangle pattern on the chart. Version 2 showed a much larger triangle pattern (which we show again this week) and had a downside target of nearly $30! It would take a lot of conviction to ride the price that far down, but could crude oil still move a lot lower this year? What’s interesting is that this is still one of the ‘less talked about’ situations in the market today because of the huge volatility seen in both stocks, forex and fixed income. And I like that nobody’st talking about it - because you don’t want everyone in on it - that means the move could already be over. Crude oil hit a five-year low. That’s meaningful. Strong markets don’t hit 5-year lows, weak markets do. And we like to sell weak markets. Of course, ‘oversold markets’ hit 5-year lows too - and that largely explains the ‘bottom feeders’ who bought WTI crude oil at $55. Downside volatility got extreme owing to Trump’s tariffs and mean-reversion helped it rebound on news of the 90-day pause, much like stock markets. I am completely open to the idea that $55 is a multi-year low and essentially marked the bottom. The huge Hammer reversal candlestick pattern adds weight to that idea. But with the price having hit $65 last week, buying the lows is yesterday’s trade. What do we do today? We will be looking to do what we said in Week 53 of 2024 in case crude oil turns out to be the ‘top trade of 2025’ as we imagined. By the way, Brent crude oil has a very similar setup so this is not a ‘US oil’ thing. There are two parts to trading ‘planning the trade, and trading the plan’. There isn’t much use in making a plan, and not taking the trade. There are always reasons not to take a trade- but if it’s a ‘good trade’ that fits the rules of your trading strategy, then those reasons are usually just ‘noise’. WTI Crude (USO/USD) Long term chart (weekly) Trend: Down Phase: Re-test of breakdown Resistance = $70 Support = $55 Price action: Price has broken down, rebounded and is now testing the breakdown level, while under the 30-week moving average. Should the price break back over the broken long term rising trendline then we know the idea, or at least the timing on the idea is not right. View: Bearish while under broken up-sloping long term support
OANDA:WTICOUSDShort
by jasperlawler
Shorting the USOIL Looking at the longer trajectory of the Oil chart, I am not too bullish and optimistic about its future. Weekly chart reveals it is still trending down in the channel with mid Jan this year giving the bulls a false hope only to falls further south. I expect the price to slightly moves up to the resistance level (OR higher to create a bull trap) at 66.08 before it comes down again. My profit target is around 51.54. The risk/reward ratio looks good to me. Always have a STOP LOSS no matter how confident you think you are in your charting. IT is still based on probability from historical patterns and it may or may not repeats itself........Nothing is 100% certain in today's volatile market. Please DYODD
TVC:USOILShort
by dchua1969
USOIL Will Go Down! Sell! Here is our detailed technical review for USOIL. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 61.191. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 56.009 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILShort
by SignalProvider
1
WTI OIL Bearish Cross confirming more selling ahead.WTI Oil (USOIL) has been trading within a Channel Down pattern since the December 06 2024 Low. The last Bearish Leg started on a 1D MA200 (orange trend-line) rejection and was confirmed with a 1D MACD Bearish Cross 3 days after. At the moment we have had a 1D MA50 (blue trend-line) rejection and today we will complete a new 1D MACD Bearish Cross. As a result, we almost have a new sell confirmation. Once completed, sell and target $53.50 (-19% from the point of the rejection). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTIShort
by TradingShot
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.
FX:USOILLong
by FX_Elite_Club
2
USOIL Opening Trends and Trading Strategies Next WeekTrend Analysis As shown in the chart, in the 1 - hour time frame, USOIL is moving within an upward - trending channel 📈. This channel is defined by two trendlines, and the price is fluctuating upwards within it. Although there have been pullback trends during this period, the overall trend remains upward. This indicates that in the short term, the bullish forces are relatively dominant, driving the price to gradually climb 📈. However, the frequent price fluctuations also reflect a certain degree of game - playing between the bulls and bears in the market 🤺. ⚡⚡⚡ USOIL ⚡⚡⚡ 🚀 Buy@61.5 - 62.0 🚀 TP 63.5 - 65.0 Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟
TVC:USOILLong
by Sovereign-
USOIL Crab Harmonic PatternThe potential for an increase in oil prices is on the horizon, especially as buyers seem to be showing interest at the golden Fibonacci level of 60.7 USD, which aligns with harmonic patterns resembling a crab. This fascinating interplay between market psychology and technical analysis highlights how traders often react to specific price levels. As we observe these developments, it’s essential to keep an eye on market trends and the underlying factors influencing oil prices.
CAPITALCOM:OIL_CRUDE
by SEYED98
Long trade 30min TF overview 🛢 WTICOUSD – Buy-Side Trade 📅 Date: Thursday, 24th April 2025 🕘 Time: 9:00 AM (New York Time) 📍 Session: London AM 📊 Entry Timeframe: (5m) Trade Parameters Entry Price: 63.238 Take Profit: 66.619 (+5.54%) Stop Loss: 63.036 (–0.32%) Risk-Reward Ratio (RR): 16.74 Reasoning - Narrative This WTI Crude Oil long trade was initiated during the London AM session, a time when commodity markets often see increased activity and institutional positioning. The trade followed a sharp reaction off a discounted price zone, which aligned with a previously unmitigated bullish order block on the intraday chart. Before entry, price performed a liquidity sweep below 63.10, triggering stops from earlier long positions and clearing out sell-side pressure
OANDA:WTICOUSDLong
by davidjulien369
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.
FPMARKETS:XTIUSD
by ramibakour8
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.
SKILLING:XTIUSDLong
by The_Trading_G3ek
Primary and secondary rhythm: sudden drop in crude oil pricesLast week, OPEC announced a new compensation plan to offset previous overproduction. Under the plan, eight affected countries plan to reduce production by a total of 457,000 barrels per day by mid-2026, failing to sustain a short-term rise in oil prices. Crude oil's short-term trend hit strong resistance near 64.90 and fell, with the decline erasing the gains of the previous three trading days. The MACD fast and slow lines remain within bearish momentum, indicating abundant downward momentum. From the perspective of primary and secondary rhythms, the decline in the North American market yesterday formed a primary downward trend, while the weak rebound in early trading today represents a secondary rhythm. According to the law of primary-secondary alternation, crude oil is expected to continue to decline today, breaking below the 61.50 support level and testing 60. USOIL sell@62.8-63.3 tp:61.5-61 I hope this strategy will be helpful to you. When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
TVC:USOIL
by H_C_12