WTI CRUDE OIL: Major bullish signal on 1W.WTI Crude Oil turned oversold on its 1D technical outlook (RSI = 30.839, MACD = -1.280, ADX = 30.692) as it entered the 2 year S1 Zone. This is where all major rebounds took place. In the meanwhile a 1W RSI below 40.000 (like now) has been the strongest buy signal in the same period of time. Buy and target the LH Zone (TP = 76.00).
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XTIUSD trade ideas
WTI crude looks set to break $65 handleCrude oil prices have dropping another 4% with Brent reaching its lowest levels since December 2021, after breaking the September 2024 low of $68.60. If Brent is anything to go by, WTI looks like it too will break its corresponding September 2024 low of $64.95 - and therefore the $65.00 psychological level - soon.
Oil price prices have dropped on concerns about the economic impact of Trump's tariffs and after the OPEC+ decided to proceed with a planned April output increase.
Is WTI heading down to $60?
By Fawad Razaqzada, market analyst with FOREX.com
WTI Crude under pressure ahead of the weekly InventoriesBearish Scenario:
WTI Crude remains in a bearish trend, with price action aligned with the prevailing longer-term downtrend. The key resistance level to watch is 68.71. If an oversold rally occurs but faces rejection at this level, the downtrend is likely to continue, targeting 66.50, followed by 66.08 and 65.75 as the next downside support zones over a longer timeframe.
Bullish Scenario:
A confirmed breakout above 68.71 and a daily close above this level would invalidate the bearish outlook. This could trigger further upside movement, with resistance targets at 69.34, followed by the psychological 70.00 level.
Conclusion:
The broader outlook remains bearish, but 68.71 is the key pivot level. Rejection from this zone reinforces the downside bias, while a sustained breakout above it could shift momentum toward further gains. Traders should watch price action around this level to determine the next move.
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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.
USOIL WTI The price was in a downward trend, moving within a descending channel. A breakout from this channel indicates potential trend reversal or correction.
Consolidation Zone Identified:
The price is currently in a consolidation phase (marked in orange).
A breakout above this zone could confirm bullish momentum, while rejection could push it lower.
Key Resistance Levels for Upside Targets:
If the price breaks above the consolidation zone, it could rally toward 71.246 and 72.103 as potential resistance levels.
Green arrows indicate bullish breakout targets.
Key Support Levels for Bearish Move:
If the price fails to break above the consolidation zone, A further breakdown below this support level could push the price toward 68.400 and 66.888, the next major support.
Conclusion:
The next major move will depend on how price reacts to the consolidation zone. A breakout above could lead to bullish targets, while failure could send prices lower toward the next major support. Traders should watch for confirmation before entering trades. 🚀📉
Crude Oil Investment ChanceAs I mentioned last time, it is time to buy in some positions. Check out for my latest post “Crude Prospect” and it is a best time to invest into it.
I gave you once before and it reached until our target and this time is geopolitically GREATEST time to invest. Our investment will go 100%.
Good luck for your trades 👊🏻
Oil Under Pressure Amid Tariff Tensions and OPEC+ UncertaintyMacro:
- Oil prices stabilised after hitting multi-month lows as the market weighed potential output increases in Apr and escalating tariff tensions among Canada, Mexico, China, and the EU.
- Meanwhile, the halted US military aid to the Eastern Europe conflict, and OPEC+ production decisions continue to pressure oil.
Technical:
- USOIL remains in a downtrend, consistently making lower lows while trading below both EMAs, signalling persistent bearish momentum. However, the price is nearing the oversold zone, supported by multiple key levels.
- If USOIL continues declining, it may retest 66.90 and 65.80, aligning with the 78.6% Fibonacci Extension.
- Conversely, holding above 66.90 could lead to a short-term sideways movement, with a potential retest at 70.20, confluence with EMA21, and the descending channel’s upper bound.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
WTI Oil H1 | Strong overhead pressuresWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 68.46 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 69.40 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance.
Take profit is at 66.82 which is a swing-low support.
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Hellena | Oil (4H): SHORT to the area of 67,037 (Wave C).The price is still in a downtrend and I believe that before the price starts an upward movement it needs to complete a big “ABC” correction and a small five-wave formation.
I think the price will reach the level of 67,037. This level is quite important, because in its area we need to look carefully for reversal patterns.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
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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Crude Oil / WTI short cheap and good time to bounceVolatility on WTI has been very strong on past years but is narrowing. Especially in past months we can see a seemingly tightening volatility in prices. And we all know what that means right ?!
Correct, a breakout will follow. The questions is only in which direction. A good risk ration is achievable since we are very close to a bounce level / support (green line) and far away from the next resistance (red line). Commodity markets tend to be mean reverting and whenever commodities are cheap it makes sense to but them. Boom and bust cycles. But this is rather a long term strategy.
In any case, breakdown as below:
Entry:
Ideally we would average down the long position down to 67.28 and potentially below, in case price tests areas below.
Exit:
Ideally we would exit at TP slightly before 80 USD to avoid the resistance and the magical strength of full numbers. Something like 79.4 USD should work.
If price moves against us close at SL or once daily candle break below the support and closes.
In such case we could even consider a short position but with tight TP as fundamental dont point towards much lower prices.
Conclusion:
An easy trade can be entered with good risk reward ratio if executed correctly.
Disclaimer: This is non financial advice
let me know if any question.
Bullish rebound off pullback support?USO/USD is reacting off the support level which is a pullback support that aligns with the 161.8% Fibonacci extension and could rise from this level to our take profit.
Entry: 67.16
Why we like it:
There is a pullback support level that lines up with the 161.8% Fibonacci extension.
Stop loss: 65.80
Why we like it:
There is a pullback support level that lines up with the 100% Fibonacci projection.
Take profit: 69.33
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
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WTI WEEKLY ANALYSIS WTI::=WTI's weekly correction has been completed, now it will go further in the next cycle, I am hopeful that now it will reach the long target, my previous prediction results have been 100%, the target has been fully achieved, today's weekly analysis is also my personal opinion, trade should always be done according to one's own prediction.
OilHello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck!
MY VISION THE US OIL FOR NEXT WEEKSRecent data indicates that U.S. crude oil prices are projected to average around $70.66 per barrel in 2025, with ample supply expected to stabilize prices despite ongoing political uncertainties.
Additionally, Goldman Sachs anticipates a modest short-term boost in U.S. energy production due to current tariff policies, which could influence oil prices.
iven these factors, U.S. oil prices are expected to remain relatively stable in the coming weeks, with potential fluctuations influenced by geopolitical developments and trade policies.