Oil - 2 possible buy opportunities Oil - 2 possible buy opportunities. Let's see how it works, always set SL.
XTIUSD trade ideas
US CRUDE OIL(WTI): Classic Day TradeUSOIL was trading in a tight horizontal range on the 4-hour chart for a significant period of time.
The resistance of this range was violated yesterday, followed by a retest and a strong bullish response.
This could signal a potential upward trend continuation towards the 73.32 mark.
WTI OIL potential rejection leading to the Channel's bottom.WTI Oil (USOIL) has been trading within a Channel Up pattern on the 1D time-frame with the price on a Bearish Leg since its January 15 Higher High.
The price is right now being rejected on its 1D MA50 (blue trend-line) and based on the last two main bearish sequences since July 2024, a 1D MA200 (orange trend-line) max rejection is quite possible here to continue the Bearish Leg.
Our Target is the bottom of the Channel Up at $69.
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USOIL - one n single support, holds or not??#USOIL - after a perfect ride in yesterday now market is at his one of the most expensive supporting area that is 71.70 around.
keep close that area and only only stay in buying above that.
and keep in mind that below 71.70 we will go for CUT N REVERSE on confirmation.
stay sharp
good luck
trade wisely
CRUDE OIL (WTI): Classic Bullish Setup
I think that WTI Crude Oil has a potential to continue rising.
The market was consolidating for a while within a wide intraday horizontal range.
Its resistance breakout is a strong bullish signal.
Next resistance - 0.7315
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WTI - Will oil return to the upward trajectory?!WTI oil is located between EMA200 and EMA50 on the 4-hour timeframe and is moving in its medium-term descending channel. In case of a downward correction towards the support area, the next opportunity to buy oil with a reward at a reasonable risk will be provided to us. A valid break of the drawn downtrend line will pave the way for oil to reach the drawn areas.
Goldman Sachs has stated that even if hostilities in Ukraine cease and sanctions are eased, Russia’s oil exports are unlikely to see a significant increase. The bank believes that Russia’s crude oil production will remain capped at 9 million barrels per day, not primarily due to sanctions, but rather because of the country’s commitments under the OPEC+ agreement.
OPEC+, which is responsible for nearly half of the world’s oil production, has decided to delay its planned production increase, which was originally scheduled between April and July. Meanwhile, Trump has announced that additional negotiations with Russia are set to take place in an effort to bring an end to the war in Ukraine—an event that could impact the outlook of global energy markets.
Russia remains one of the key oil suppliers worldwide and plays a significant role in price fluctuations. Goldman Sachs predicts that the price of Brent crude will rise to $79 per barrel by the end of this month, while it is currently trading at around $76 per barrel.
Ukrainian President Volodymyr Zelensky stated that the United States has, in some ways, helped Vladimir Putin break out of his isolation. He emphasized that Trump’s team must gain a better understanding of Ukraine’s actual situation and made it clear that he has no intention of “selling” his country. Zelensky also highlighted the strength and resilience of the Ukrainian military and added that Trump’s envoy should ask ordinary Ukrainians how they perceive him following his recent statements.
Meanwhile, Vladimir Putin announced that the rapid reconstruction of the Caspian Pipeline is not feasible. He explained that Western-made equipment used in the Caspian Pipeline Consortium has sustained severe damage due to recent attacks.
Putin emphasized that the restoration of this pipeline would not be completed swiftly, as critical components rely on Western technology and have been significantly impaired.
The pipeline, which transports Kazakh oil to global markets, has experienced a 30-40% reduction in oil flow following a drone attack on one of its pumping stations in southern Russia. This reduction equates to approximately 380,000 barrels per day (bpd). This development was not entirely unexpected, as Russian Deputy Prime Minister Alexander Novak had previously stated that repairs to the pipeline could take several months.
WTI Crude Oil: Range-Bound Between Critical LevelsLooking at the H1 timeframe for WTI Crude Oil, we're observing a defined range structure:
Market Structure:
Trading within established range (70.17-73.18)
Recent rejection from 72.50 resistance
Moving averages clustered around current price
Multiple tests of both range boundaries
Key Levels:
Upper Range: 73.178
Current Price: ~72.23
Lower Range: 70.168
Immediate Support: 71.81
Technical Indicators:
Volume showing decreased activity in recent consolidation
Momentum indicators in neutral territory
Price oscillating between moving averages
No clear directional bias in indicators
Trading Considerations:
Respect range boundaries for entries
Watch for breakout confirmation with volume
Key resistance at 73.17 needs clear break for upside
Support at 70.17 crucial for maintaining range
BIAS: NEUTRAL
Clear range-bound conditions
No dominant trend direction
Price centered in trading range
Waiting for range breakout for directional bias
Us oil for buy Price was ranging, it broke out and retested the zone with a touch of double bottom and the retest of the neckline.
Bearish drop?WTI Oil (XTI/USD) has rejected off the pivot and could drop to the pullback support that aligns with the 61.8% Fibonacci projection.
Pivot: 72.97
1st Support: 70.37
1st Resistance: 74.21
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SELL OIL (WTI) - entry criteria explained!!!!Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Black GoldFor oil producing countries, the oil charts ain't looking good either, although price has been in a range since 2023 till date, however if price breaks the $66/barrel mark and holds... we coming to $53/barrel
Hopefully this doesn't go as the chart says... this can affect a full economy 🤔, let's see
WTI OIL - USOUSDShort-term outlook:
Downward trend: Right now, there are signs that oil prices could drop, mainly due to weaker global demand and potential overproduction of oil. Citi predicts that without deeper OPEC+ production cuts, prices could fall to $60 per barrel by the end of 2025.
Upward trend: However, OPEC+ might take action to reduce production if prices continue to fall, aiming to keep prices higher, as they’ve done in the past. Also, geopolitical factors could cause temporary price spikes.
Bottom line: There's no strong signal that prices will rise consistently in the short term, but a rebound is possible if geopolitical events or OPEC+ decisions push the market up. However, the trend seems more likely to be downward for the next few weeks.
USOIL - high placed? whats next??#USOIL... market just placed a high and if market hold it in that case we can see a drop from here.
don't be lazy here guys.
stay sharp
good luck
trade wisely
US OIL BULLISH 73Hey there on 1HTF US oil change there ways we now can see at this level we should see a bullish continue will reach next ath record 73 and 73.50
But if the price decline and comes downside and then we should see next support level is
Of US oil from 72 and 71.50 must be bullish candle to our next target 73 and 73.50
USOIL is changing as I analyzedThrough the previous accurate analysis, USOIL is rising as I analyzed, and many traders have also reaped considerable profits.
The current price of USOIL is US$72.3, and downward pressure still exists. Market expectations for Russia-Ukraine negotiations are heating up. If Russian oil sanctions are lifted, increased supply will put pressure on oil prices. Bank of America analyzed that the underlying price of Brent crude oil may fall by 5-10 US dollars per barrel.
sell:72.4
Tp:71
Tp:70
Sl:73.6
TVC:USOIL FX:USOIL
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 69.64 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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US oil for buy.Price was previously consolidating, broke out and retested the previous support zone,with a nice double bottom and a bullish pinbar. We go long.
WTI Oil Trade IdeaWTI oil has reached a key support zone and appears overextended on the four-hour chart. I'm considering a counter-trend scalp, as demonstrated in the video. This is not financial advice.
CLH2025 Breakout Setup | Bullish OutlookCLH2025 (Crude Oil Futures) is showing bullish momentum, breaking out of a descending trendline. A successful retest of the 72.50-73.00 zone could confirm a potential uptrend continuation.
🔹 Breakout Confirmation: Above 72.50
🔹 Key Support: 70.50
🔹 Potential Target: 75+ if structure holds
This setup aligns with technical breakout principles, signaling a possible trend reversal. However, this is not financial advice—just an educational market analysis. Always manage risk and do your own research before trading. 🚀📈
USOIL READY TO EXPLODE?! DON’T MISS THIS CRUCIAL MOVE!📊 USOIL (Crude Oil) Analysis – February 17
What’s up, traders? Mr. Blue Ocean FX here with another deep dive into the markets, and today, we’re breaking down US Oil (Crude Oil) and the major opportunities setting up. Let’s get straight into it.
📉 Weekly Time Frame Insight
• Last week’s candle closed with exhaustion, printing a low at 70.30 but losing volume compared to previous bearish moves.
• Key Resistance: 71.55 area was broken, signaling potential bullish momentum.
• Impulse Move: Price pushed as high as 79.44 (Jan 13th), breaking past the 77.90 October high before retesting that level.
📊 Daily Time Frame Setup
• USOIL is currently ranging in a consolidation zone, and we are at the lower region of this range.
• Buy Zone Identified:
• Three bottom touches suggest a strong support level.
• Higher low structure forming at 70.58, above the previous Feb 6th low of 70.34.
• If bulls hold this zone, we could see a strong push to the upside.
🕒 4H Time Frame Execution Plan
• Structure Confirmation: After a deep retracement, price failed to print a new low.
• Liquidity Sweep: A wick below 70.16 may have stopped early buyers before price reclaimed.
• Entry Plan:
• Buy near 70.68 (entry level).
• Stops below the recent low.
• Targeting 72.04, then 73.32, with further upside potential to 74.21+ if consolidation breaks.
• Channel Formation: USOIL is respecting an upward-sloping trend channel that could continue bouncing before a major breakout or breakdown.
🚀 What’s Next?
If bulls maintain control, we could see an explosive breakout, targeting higher liquidity zones above 74.21. However, if price breaks down, we may see another leg lower before a final push up.
🔥 What do you think? Will oil rally higher or break down? Drop your thoughts in the comments!
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Let’s catch these moves! 🚀💰 #USOIL #CrudeOil #Trading #Forex #MarketBreakdown
TRADE CLOSED ON USOILI posted earlier to enter and target our DLQ, but since the market is slow and it it caught the MNQ at 71.707, we closed emmidiately.
Morning's loss recovered plus couple bucls of profit.
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