WTICOUSD trade ideas
USOIL On The Rise! BUY!
My dear friends,
Please, find my technical outlook for USOIL below:
The instrument tests an important psychological level 67.00
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 69.38
Recommended Stop Loss - 65.59
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
OIL Weekly Timeframe
Zooming out to the weekly chart, price action is tightening inside a triangle defined by the green trendlines.
My bias is slightly bullish, due to the bullish RSI divergence, and the strong gray support zone.
But there hasn't been an upside reversal in smaller timeframes yet, so I'm still keeping an eye on price movements.
WTI Crude The Week Ahead 03rd March ’25 The WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 7150, 20 DMA level. An oversold rally from the current levels and a bearish rejection from the 7150 level could target the downside support at 6964 followed by 6850 and 6830 levels over the longer timeframe.
Alternatively, a confirmed breakout above 7150 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7258 resistance followed by 7320 (50 DMA) levels.
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USOIL BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
USOIL downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 73.32 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the USOIL pair.
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USOIL | LONG | 2,87 RRRExpecting a reversal on the higher timeframe around the 68-69 zone
This is the first good higher-low play within this zone.
I have my entries laddered between 69.55 - 69.35
WTI CRUDE OIL: Approaching the 2year Buy Zone.WTI Crude Oil turned bearish on its 1D technical outlook (RSI = 35.899, MACD = -0.720, ADX = 32.215) failing to cross above the 1D MA50 last Thursday and eventually getting rejected to today's low. This low just hit the HL trendline of September and is about to enter the S1 Zone that has been holding since March 2023. Every breach inside this Zone has been the best long term buy opportunity on WTI. Until the Zone breaks, we will treat it as the best buy entry, aiming at the LH Zone (TP = 77.00).
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Bearish reversal off pullback resistsance?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support which is a pullback support.
Pivot: 71.85
1st Support: 70.11
1st Resistance: 72.91
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WTI Oil H1 | Bearish momentum gaining further tractionWTI oil (USOIL) could pull back towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 70.89 which is a pullback resistance.
Stop loss is at 71.35 which is a level that sits above the 38.2% Fibonacci retracement and a swing-high resistance.
Take profit is at 70.11 which is a multi-swing-low support.
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Oil Trend soon Big downOil* trading in an upward channel with recent price action moving down towards the buy zone around 70.00. There are resistance levels near 71.80 and 71.00, where price had previously faced rejection. The target for this setup is around 69.89, expecting a potential drop from the current price. Watch for a bounce from the buy zone and a possible move toward the target.
US oil consolidation breakdown alert trend Sell continue channel📉 USOIL Price Forecast – Channel Downtrend & Breakout Alert! 🚨
🔹 Market Overview:
USOIL remains in a channel downtrend, with a bullish retest at $70.00 - $70.60 before continuing its downward move. After a sideways consolidation, the market broke down with a strong bearish candle, signaling further downside potential.
🔹 Key Levels to Watch:
✅ Retest Zone: $70.00 - $70.60
✅ Sell Entry: $68.80
✅ Target: $68.00 → $67.00
📌 Trading Strategy & Risk Management:
✔ Follow the trend – momentum favors sellers
✔ Protect your capital – control stop loss
✔ Stick to the trading plan
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What Happens to Global Markets When the Ukraine-Russia War Ends?What Happens to Global Markets When the Ukraine-Russia War Ends?
The end of the Ukraine-Russia war will undoubtedly impact major global markets,
here’s what we can expect:
Oil Market : With tensions easing, oil prices could drop as supply concerns lessen and sanctions ease. However, global demand could still keep prices stable or even high.
Gold Market : Gold, a safe-haven asset, might face a decrease in demand as geopolitical uncertainty fades, but if the end of the war leads to global economic instability, gold could remain a strong choice for investors.
Forex Market : The end of the conflict could boost the Euro and USD as stability returns to the market. At the same time, the Russian Ruble might face fluctuations as Russia’s economy adjusts to post-war conditions.
Crypto Market : Cryptocurrencies may see mixed reactions—some may retreat as confidence in traditional markets rises, but others could flow in if economic uncertainty continues to prevail globally.
🔮 The war's end could bring hope, but it also presents new challenges for markets worldwide. Stay tuned to see how it all plays out!
Crude Oil Technical Outlook: Range Breakdown & Next Targets🔹Key Observations:
1. Range Formation & Breakout:
- The price was consolidating within a range (highlighted in the pink box).
- A range breakout trading setup is identified.
- The price has broken below the range support, signaling potential downside momentum.
2. Breakout Confirmation:
- The price has moved below a key support area (marked in blue).
- The breakdown indicates a potential continuation of the downtrend.
3. Downside Targets:
- 1st Target: $68.00 (first green line).
- 2nd Target: $67.05 (second green line).
- If the price sustains below the breakout level, these targets could be reached.
4. Volume Analysis:
- The volume bar at the bottom suggests increased selling pressure.
- The breakout occurred with notable volume, which confirms bearish sentiment.
▪️Technical Outlook:
- Bearish Bias: The chart suggests a bearish move with downside targets aligned at $68.00 and $67.05.
- Watch for Retest: If the price pulls back toward the breakout zone, it may confirm the breakdown before further decline.
- Invalidation Level: A strong recovery back above the blue support zone could invalidate the bearish setup.
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Oil ($USOIL) – Diesel Demand Soars as Cold Grips U.S.Oil ( TVC:USOIL ) – Diesel Demand Soars as Cold Grips U.S.
(1/9)
Good morning, Tradingview! Oil is dipping slightly 📉, at $ 74.93, down 0.1% from yesterday’s close, as per February 27, 2025, data. Cold weather’s driving up U.S. diesel demand 💪, and Texas power systems are hitting clean energy milestones 🌿. Let’s dive into this oil play! 🔍
(2/9) – REVENUE PERFORMANCE 📊
• Post-Election: $ 74.93, down 0.1% from $ 75.00 💰
• Feb 27, 2025: Diesel demand rises due to cold weather 📏
• Texas Power: Clean energy milestones achieved 🌟
TVC:USOIL steady, with diesel’s boost! ⚙️
(3/9) – MARKET POSITION 📈
• Market Cap: Approximately $ 1.05B, tracks WTI crude tight 🏆
• Diesel Spike: Cold lifts usage, per Reuters ⏰
• Energy Shift: Texas clean power climbs 🎯
TVC:USOIL firm, frost pays off! 🚀
(4/9) – KEY DEVELOPMENTS 🔑
• Cold Snap: Boosts diesel usage across U.S. 🔄
• Texas Grid: Clean energy marks met 🌍
• Market Reaction: Down 0.1% post-election 📋
TVC:USOIL adapting, chill’s the star! 💡
(5/9) – RISKS IN FOCUS ⚡
• Election Aftermath: Policy shifts may affect prices 🔍
• Green Energy Growth: Challenges oil’s dominance 📉
• Weather Flux: Diesel demand may fluctuate ❄️
TVC:USOIL tough, but risks hover! 🛑
(6/9) – SWOT: STRENGTHS 💪
• Diesel Lift: Cold weather props up demand 🥇
• Oil Core: Fundamental to energy needs 📊
• Resilience: Handles market fluctuations 🔧
TVC:USOIL got heat in the freeze! 🏦
(7/9) – SWOT: WEAKNESSES & OPPORTUNITIES ⚖️
• Weaknesses: Election haze, green energy bite 📉
• Opportunities: Continued cold weather, rising demand 📈
Can AMEX:USO bank on the frost to gains? 🤔
(8/9) – OIL’s $ 74.93 dip, diesel up in Feb 2025, your take? 🗳️
• Bullish: $ 80+ soon, cold lasts 🐂
• Neutral: Steady, risks in check ⚖️
• Bearish: $ 70 looms, green wins 🐻
Chime in below! 👇
(9/9) – FINAL TAKEAWAY 🎯
TVC:USOIL $ 74.93 dip masks diesel’s cold surge 📈, Texas green strides mix it up 🌿. Election stings, yet dips are our DCA gold 💰. We grab ‘em low, climb like pros! Gem or bust?
Oil UpdateOil Update
We have this chart from the beginning of January on our page
The targeted decline was achieved as we expected before by also rising from the 67 areas to the 80 areas
Now we see the achievement of the downside targets as well
We will update again about the expected rise but we can say that these are good areas and we have to be patient until the above expected targets are achieved, the 73 areas
USOIL 4H ROUTE MAP BULLISHHey there on 4HTF USOIL Looking for bullish candle from this level
And if flipped than we can see next ob support is 69.00 and 68.80
So in this point will take go long for 71 next target
If the flipped back and went downside than might see continue next support is 62
Thanks
USOIL Will Grow! Buy!
Here is our detailed technical review for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 69.17.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 75.12 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Bullish on USOIL! Who’s Joining the Ride?Technical Analysis:
Support and Resistance Levels: USOIL is currently trading near $71.50. Immediate support is identified at $68-66, with resistance around $72.75.
Momentum Indicators: The Relative Strength Index (RSI) is neutral at 51.2, indicating balanced momentum. The Moving Average Convergence Divergence (MACD) shows a bearish crossover on the 4-hour chart, suggesting potential downward movement.
USOIL bearish then bullishOrange channel is speculative
Bottom blue rail touch is low.
This is chart I meant to have up for USO post
Not financial advice
US Oil Market Outlook: Bearish Momentum Indicate Further DeclineThe 4-hour chart of WTI Crude Oil (TVC: USOIL) reveals a well-defined market structure transition from bullish to bearish. Initially, the price action exhibited a strong uptrend, characterized by the formation of higher highs (HH) and higher lows (HL). However, a break of structure (BOS) marked the onset of a reversal, leading to the emergence of lower highs (LH) and lower lows (LL), confirming the shift to a downtrend.
A key technical observation is the presence of a price gap near the highest point, which often signifies inefficiency in the market and the potential for price retracements in the future. Furthermore, the highlighted resistance zone around the $72.49–$73.50 range has proven to be a strong supply area, repeatedly rejecting bullish attempts to break above it. This resistance, coupled with price trading below the 50-period and 200-period moving averages, reinforces the bearish bias.
The price has now breached the $71.78 level, accelerating downward momentum. The next significant area of interest lies at the identified support level around $69.36, which serves as the primary target area. If selling pressure remains dominant, further declines may be anticipated.
Volume analysis further substantiates the bearish outlook, as recent price drops have been accompanied by increased selling activity. The combination of structural shifts, resistance validation, and moving average positioning strongly suggests that the downward trajectory is likely to persist unless the price reclaims and sustains above the resistance zone.
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USOIL - Short Trade (28th Feb 2025)This is a short trade idea on Crude Oil.
Basically, i'm not convinced of this sudden rejection. This is just manipulation to me. I want to target the liquidity resting below. I think we are going downtown to a monthly sSIBI at around 57.
Liquidity and efficiency rules the market. Everything else is nonsense.
- R2F Trading
WTI Crude Oil at Critical Support – Rebound Toward 72$?TVC:USOIL has reached a key demand zone, which has historically provided strong support. The recent decline has brought the price back into this area, increasing the probability of a bullish reaction if buyers step in.
The current market structure suggests that if the price confirms support at this level, we could see a rebound toward 72$, aligning with a corrective move after the recent sell-off. However, a break below this demand zone would invalidate the bullish bias and could lead to further downside.
Traders should watch for bullish confirmation signals, such as rejection wicks, bullish engulfing candles, or increased buying volume, before considering long positions.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
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.
