BUY CRUDE OIL Buy crude oil at the current market price. A huge potential on the upside with limited risk
XTIUSD trade ideas
WTI CRUDE OIL: Short term rebound on RSI Bullish DivergenceWTI Crude Oil is bearish on its 1D technical outlook (RSI = 38.958, MACD = -2.110, ADX = 28.985) as it remains on a multi-month Low. The 1D RSI however displays a HL Bullish Divergence and this can cause a short term price rebound. The Resistance is the Pivot Zone and short term the LH trendline is what maintains the downtrend. Consequently, we are now bullish, TP = 64.90.
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USOIL seems to be in a potential bullish reversalWTI crude oil futures rose slightly. Traders weighed factors such as the optimistic sentiment in Sino - US trade, the decline in US production, and the technical position, while also considering the persistent concerns about supply surplus. The recent decline in oil prices is largely due to the decision of OPEC + to accelerate production increase for the second consecutive month. It is reported that the number of drilling rigs is being reduced, which implies that the future shale oil production may decline, providing support for the bullish view on oil prices. This supply restriction, together with the signs of strong demand from Europe and China, helps to stabilize market sentiment. Crude oil showed a trend of rising first and then falling today. After reaching $60.2, it showed a callback trend. After two consecutive positive days on the daily chart, the oil price adjusted, which may indicate that crude oil will continue to maintain a wide - range oscillation. Overall, the reduction in crude oil inventory is expected to support the rebound of oil prices.
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Trading Strategy:
buy@57.4-58.4
TP:59.4-60.6
USOIL：Fluctuate upwardsThe trend of USOIL continues to rebound upwards and retests the level of $60 again. The moving average system shows a bullish arrangement, relying on the oil price, and the short-term objective trend direction is upwards. The overall rebound and upward movement follows the law of primary and secondary alternation and has good continuity. In terms of momentum, the fast and slow lines of the MACD indicator are above the zero axis, indicating that the bullish momentum is dominant, but the momentum strength is not strong. It is expected that the crude oil is more likely to continue to move in a volatile upward trend today.
USOIL
buy@59-59.5
tp:60.5-61
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
Oil - Short Term Sell Trade Update!!!Hi Traders, on April 17th I shared this idea "Oil - Looking To Sell Pullbacks In The Short Term"
I expected to see bearish continuation until the two Fibonacci resistance zones hold. You can read the full post using the link above.
Price moved lower as per the plan here!!!
Price respected the first Fibonacci resistance zone, created a false break of it and moved lower as expected!!!
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Crude OilU.S Oil Index
- Completed " 12345 " Impulsive Waves and " A " Corrective Wave
- Break of Structure
- Order Block
- Bullish Channel as an corrective pattern in Short Time Frame
- S / R Level
USOIL Trading strategiesOn Tuesday, due to the increase in demand from Asia and Europe, the decline in U.S. production, and the further escalation of the situation in Israel, international oil prices soared. After today's opening, oil prices have remained volatile at a high level, demonstrating strong resilience. The key dividing line between bulls and bears is at the crucial price level of $58.4. As long as this price level is not effectively broken, it will be difficult for the bullish trend of oil prices to change. Currently, oil prices are still within the bullish channel.
In terms of today's trading strategy, it is recommended to mainly place long orders on pullbacks, supplemented by a small number of short positions. Pay close attention to the resistance range of $60.8 - $61.6 above, and closely monitor the support area of $58.9 - $58.0 below.
USOIL
buy@58.80-59.30
tp:60.00-61.00
WTI Crude INTRADAY key trading level at 6200The price sentiment for WTI Crude Oil remains bearish, in line with the prevailing downtrend. Recent price action shows an oversold rally, which has stalled near a previous consolidation zone around 6200 — a key resistance level.
Key Resistance Level: 6200
This level marks a previous intraday consolidation area and could act as a ceiling for the current rally.
Bearish Scenario:
If WTI fails to break above 6200, it may resume its decline toward:
5860 (near-term support)
5713
5550 (longer-term support)
Bullish Scenario:
A confirmed breakout and daily close above 6200 would shift momentum and open upside targets at:
6375
6533
6700
Conclusion:
WTI Crude Oil remains under bearish pressure unless it breaks and closes above 6200. Traders should monitor this level closely for signs of rejection or breakout.
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.
OILOil is losing its short-term trend line, and if this happens, it will have a cell and sell until the next trendline.
Hellena | Oil (4H): SHORT to support area of 54.00.Friends, what do we see after the recent downward movement? Most likely we see a continuation of the downward movement in a combined correction.
The hardest thing about compound corrections is to understand where the wave ends and begins.
I believe that the price is now in the middle wave “C” and will continue the downward movement to the target of 53.991.
Wave “B” is likely to reach the 60.00 area, but I do not recommend long positions. Work with pending limit orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
WTI on high time frame , price reach 53$?
"Hello traders, focusing on WTI on high time frames, the price is approaching the $60.50 level, which holds significant importance. There is a high probability of price rejection at this level due to fundamental analysis.
When the price reaches the $60.50 zone, it is advisable to observe candle formations, momentum, and other indicators. This could present a favorable opportunity for a short position targeting the $53 level."
If you have any further questions or need additional assistance, feel free to let me know!
USOIL H4 I Bearish reversal Based on the H4 chart, the price is approaching our sell entry level at 60.44, a pullback resistance that aligns with the 61.8% Fibo retracement.
Our take profit is set at 57.63, a pullback support.
The stop loss is set at 62.67, a pullback resistance.
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Bullish breakout?WTI Oil (XTI/USD) is reacting off the pivot which is a pullback resistance and could potentially rise to the 1st resistance.
Pivot: 59.28
1st Support: 57.84
1st Resistance: 61.83
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$OIL Recent positive talks with Iran and the decision to hold off on interest rate hikes could keep the economy balanced and oil prices stable. This means a smoother ride for everyone, from consumers to businesses. Stay tuned for more updates on how this could impact your summer plans! 📈
USOIL SHORT SIGNAL|
✅CRUDE OIL made a retest
Of the horizontal resistance level
Of 59.80$ and we are already seeing
A bearish reaction so we are bearish
Biased and we can enter a short trade
With the TP of 58.10$ and the
SL of 59.93$
SHORT🔥
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Bearish reversal off pullback resistance?USO/USD is reacting off the resistance level which is a pullback resistance that is slightly below the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 60.04
Why we like it:
There is a pullback resistance level that is slightly below the 50% Fibonacci retracement.
Stop loss: 62.00
Why we like it:
There is a pullback resistance level that is slightly below the 71% Fibonacci retracement.
Take profit: 56.89
Why we like it:
There is a pullback support level.
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Oil prices still face systemic downside risks.Although the geopolitical situation in the Middle East (the conflict between Israel and Iran) may support oil prices in the short term, market sentiment is still dominated by supply pressure. Technically, WTI has broken below the key support level of $60. The MACD death cross and the oversold RSI suggest that the bears are in the dominant position, and the next support level is expected to be $54.80. Barclays Bank has lowered its price forecast for Brent crude in 2025 to $66. Weak demand and the expectation of the resumption of shale oil production in the United States further suppress the medium - term trend.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
Trading Strategy:
sell@58.8-59.1
TP:57.6-58.1
USOIL Bullish Shark PatternBased on harmonic Shark pattern analysis, the potential future trajectory of oil prices suggests an upward trend, initiated by a "Shark Dive" reversal pattern from the $54 level.
This indicates a likely bullish continuation contingent upon confirmation of the pattern's validity through subsequent price action.
USOIL:Adapt to the trendTechnical indicators such as moving averages and MACD have a certain degree of lag. The oil price repeatedly crossing the moving average system highlights the current stalemate between bulls and bears and the volatile and oscillating trend. USOIL is influenced by multiple factors, including geopolitical situations, economic data, and OPEC+ policies. Any sudden change may subvert the price trend, causing a certain deviation in technical analysis signals.
At present, with the trend clearly defined, trading in the direction of the trend is the optimal strategy. In the early trading session, we decisively went long at the price of $57. Currently, we are still holding the position, following the trend closely and waiting for the further expansion of the profit margin.
In the future, we will continue to monitor the market changes and update the trading strategies in real time.
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
WTI OIL May be closer to $50 and below than a recovery.WTI Oil (USOIL) is having a strong green 1W candle but remains on a strong selling sequence since the January 13 2025 rejection on its 1W MA200 (orange trend-line). So far this is technically the Bearish Leg of the Channel Down that started after the March 07 2022 market top.
The Bearish Leg that was initiated then, declined by -48.60% so if the current one repeats this we are looking at prices close to $41 by the end of the year or beginning of 2026. Technically, as long as the 1W MA50 (blue trend-line) holds, the immediate Targets within a 3-month horizon are $50 and $46.
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Can it hit the bottom and rebound?Fundamental Analysis: Driven by the trade concerns sparked by Trump and the risk aversion sentiment arising from the global economic slowdown, the trajectory of oil prices has been shaped. Additionally, OPEC+ convened an early meeting on Saturday and confirmed an increase in production of 411,000 barrels per day in June. This decision has indubitably intensified the market's apprehensions regarding the oversupply of crude oil 📉.
Technical Analysis: Technically speaking, the price of crude oil has persistently lingered below the midline of the Bollinger Bands, distinctly indicating that the bearish trend is in the ascendancy 📉. Last week, on the weekly chart, it closed with a substantial bearish candlestick, exhibiting a downward tail pattern, and in the short term, the price has been fluctuating within a trading range 📊. As for the upcoming week's trend, whether the support level established by the previous double doji bottoming formation will be broken through effectively will be the focal point of market attention 👀. Nevertheless, once the price reaches the crucial support level, there exists the potential for a technical rebound. Investors should closely monitor the variations in trading volume and the response of the moving average system 📈.
Market Situation: It is crucial to note that due to the holiday factor in the Asian market next Monday, market liquidity is anticipated to decline significantly. Under such circumstances, the oil price is likely to encounter a higher risk of more pronounced volatility, further escalating the uncertainty of the market situation ⚠️.
⚡⚡⚡ USOIL ⚡⚡⚡
🚀 Buy@56.0 - 57.0
🚀 TP 59.0 - 60.0
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 🌟
