WTIBreakdown of support level
new lows formation
weakness expected in oil
instant sell with strict stoploss
WTICOUSD trade ideas
US CRUDE OIL (WTI): Bearish Outlook ExplainedThe USOIL price dropped below a strong horizontal support level last week and closed below it.
After breaking this support, upon retesting the broken structure, the market started to consolidate.
A bearish breakout of the consolidation range's support area confirms a strong bearish trend, increasing the likelihood of a continued decline.
The target price is set at 67.20.
USOIL BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Bullish trend on USOIL, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 75.92.
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CRUDE OIL Swing Rising Support Ahead! Buy!
Hello,Traders!
CRUDE OIL keeps falling
Down but will soon hit
A rising support line
From where we will be
Expecting a local
Bullish correction
Buy!
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USOIL: Strong Bearish Bias! Sell!
Welcome to our daily USOIL prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 68.870
Wish you good luck in trading to you all!
USOIL: Bullish Continuation & Long Signal
USOIL
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy USOIL
Entry - 68.78
Stop - 67.10
Take - 72.18
Our Risk - 1%
Start protection of your profits from lower levels
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Oil is still bearish but clearly at a key bullish zoneThe bullish array we are at now contains a flipped imbalance and can indefinitely hold price within it's boundary preventing a close lower close.
If this is the case, we will see heavy wicking in this area and a reverse to the high of the Friday candle high. Depending what happens at the high will determine what to expect next. The main observation that is speaking to us is how price wicked the entire iFVG flip range and closed on the edge of the FVG range. This will be important body level to watch going into next week.
We also expect this low to be wicked but we will have to see how we play the inducement that is going to build in this range.
Oil going up take two H4 time frame must be the first thing to consider when starting to trade. H4 should be above Simple Moving Average 5 all time.
WTI CRUDE OIL Bullish Signal on the Support.WTI Crude Oil is almost on the Rising Support trend line, following a rejection on Resistance (1).
This level previously starting October's strong rally and yet again signals a bullish opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 77.50 (Resistance 1).
Tips:
1. The RSI (4h) is oversold and has double bottomed. An additional strong bullish signal.
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USoil is BearishThis is how i see the whole point for USoil .
Patiently waiting for a structure to be broken at the down low ... Then the rest will follow.
Happy trading
USOIL - LONG IDEAUSOIL recently it broke the trendline and now retest Fib 0.786 perfectly with bullish hammer and also bullish div. if the market successfully sustain the next leg up could go for new HH.
OIL-BUY strategy 8-hourlyOIL has moved lower on the perception that we may eventually come to a conclusion. Technically it always was a SELL at higher levels, but markets always take it too far, until it realizes we are overdone.
Stochastic slightly negative, but SMI shows oversold status and RSI not extremely oversold, still feels we are closer to a bottom short-term than not.
Strategy6 BUY @ $ 67-68.50 and take profit near $ 73.50 for now. SL based on personal preference.
USOIL Faces Resistance: Bearish Trend if Pivot Retest FailsUSOIL Technical analyze
The price is currently below the pivot line at 71.78, indicating bearish sentiment. There is a possibility for a retest of the pivot area around 71.78 to 72.72. If the price fails to break and sustain above this area, it is likely to continue downward.
If the retest confirms resistance at the pivot line, the price may move towards the support level around 68.79. A break below this level could further extend the bearish trend, targeting lower support zones.
Best Direction:
Bearish: If the retest fails and the price holds below 72.72, the direction favors a move toward lower support levels, beginning with 68.79.
Bullish: If the price breaks and holds above 72.72, it may attempt to target higher levels, but this remains less likely under current conditions.
The overall bias remains bearish unless the pivot area is decisively broken.
Key levels:
Pivot Line 70.90
Resistance lines: 71.78, 72.72, 74.20
Support Lines: 69.90, 68.80, 65.90
Trend Outlook:
- Bearish while Under 70.95 and 71.78
- Bullish above 71.78
CRUDE OIL (WTI): Short-Term Bearish Sentiment
Crude Oil looks bearish after a breakout of a key daily horizontal support.
The next key supports are 68.5 - 69.2 and 66.4 - 67.4.
The price will most likely continue falling, at least to the first support.
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Short setup for WTI USOILBearish setup,
need confirmation about israeli situation;
but the OIL is oversold by reserves stock
Riding the Bull: USOIL Pushes Higher Amid Optimistic Market SentWith favorable supply-demand dynamics and geopolitical factors at play, USOIL is seeing a strong bullish bias. Growing global energy demand, OPEC production cuts, and macroeconomic signals are fueling optimism in the oil market. Technical indicators also show strengthening momentum as USOIL breaks key resistance levels, suggesting further upside potential. As market sentiment continues to shift toward a more positive outlook, traders are eyeing higher price targets and preparing for sustained gains
AB=CD Bullish Pattern on OilAfter the price of WTI oil rose to highs of US$78.42 on 8 October and shaped an ‘alternate’ AB=CD bearish formation at US$77.68 (a 1.618% Fibonacci projection ratio that was bolstered by the 200-day simple moving average at US$77.40 and a 61.8% Fibonacci retracement ratio at US$77.21), the subsequent response has established an equal AB=CD bullish formation at US$69.45. This 100% projection ratio shares space with a 61.8% Fibonacci retracement ratio at US$70.26. For that reason, technical buyers could soon step into this market.
Crude Oil BearishCrude oil technical analysis
Daily resistance 75, support 65
Four-hour resistance 71.8, support 68
Crude oil operation suggestions: From the current market analysis, continue to short near the upper 71.8 mark today, the upper pressure is near 75, the lower support is 69 and 65. The overall support within the day is to maintain the cycle of selling high and buying low in this range, and wait patiently for the key points to enter the market.
SELL:71.8near
BUY: 68near
Technical analysis only provides trading direction!
Oil Prices in Stagnation: A Moment to Await the ReboundSince the recent sharp decline, the movement of oil prices has been notably flat compared to gold, leaving many of us feeling quite exasperated. Is it really true that oil prices won’t rebound after such a drop? Are you, like me, growing increasingly impatient?
I believe we should exercise a bit more patience; today, oil prices should be able to rise above $72. I always remember the saying: “The longer the sideways movement, the greater the potential up or down movement.”
This means that the duration of a sideways consolidation will determine the magnitude of the subsequent rise or fall.
Let’s continue to be patient and anticipate the moment of oil price rebound.
WTI Rebounds but Bearish Outlook PersistsHello,
BLACKBULL:WTI has gained some upward momentum after rebounding off the 1M pivot point (PP), but the overall outlook remains bearish. It's important to take calculated risks. Currently, the 1M and 1D pivot points have acted as support, and if the 1M PP continues to hold, we could see further upside potential.
TradeWithTheTrend3344
67 incoming Daily and weekly TF down move incoming..Stay short..Red dag Friday.. Good luck and safe trade
