USOIL POTENTIAL LONG|
✅USOIL is about to retest a key structure level of 68.50$
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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XTIUSD trade ideas
WTI crude oil Wave Analysis – 25 February 2025
- WTI crude oil broke support zone
- Likely to fall to support level 67.00
WTI crude oil recently broke the support zone between the round support level 70.00 (which reversed the price multiple times from the start of February), the support trendline from September and the 61.8% Fibonacci correction of the upward impulse from September.
The breakout of this support zone accelerated the active short-term correction ii of the intermediate upward impulse sequence (3) from September.
WTI crude oil can be expected to fall further to the next support level 67.00 (former monthly low from December).
Oil: Awaiting Confirmation of Next MovementOil: Awaiting Confirmation of Next Movement
OIL appears poised to complete a bearish triangle pattern. However, as long as the price remains above 70.2, caution is warranted, as OIL may rise again and further develop the triangle pattern.
Should the current price level hold strong, we might see a rise to the 72 - 72.5 range before it declines again. If you believe that oil will rise, setting a stop loss below 70.20 can mitigate risks and allow trading the bullish movement within the pattern.
Conversely, if the price breaks below 70.20 or the blue zone, the bearish wave is likely to commence, potentially driving OIL down to 68.75 and 67.50.
You may find more details in the chart!
Thank you and Good Luck!
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WTI on high time frame
"Hello traders, focusing on WTI, the price has hit the daily order block at $73.5 and experienced a strong rejection on the 4-hour chart. The price has broken below the trend line and is indicating potential downward movement during the Asian session today. It's important to note that there is a CPI news release during the U.S. session today, so exercise caution in your trading decisions."
If you have any specific questions or need further assistance with your message, feel free to ask!
USOil updateHow are you my friends?
I talked about this chart before at 80 and that the decline does not mean a collapse
This is the result of my words and as I saw it I was with you in the rise before to 80 approximately then with you in the decline then the rise again in the coming days
Today we saw the level of 70.380
And we notice that it will touch the blue diagonal line
Then the line will be broken, we will see more decline
And we will soon see areas below 70
We will update the markets soon
USOILWest Texas Intermediate Oil price continues its upward momentum for the second consecutive day, trading around $70.90 per barrel during European hours on Tuesday. Crude Oil prices are rising as fresh United States sanctions on Iran’s Oil trade heighten concerns about tighter global supply.
WTI rises to near $71.00 following fresh US sanctions on Iran’s Oil
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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USOIL (WTI)USOIL Technical Analysis – Key Support and Resistance Levels
USOIL (WTI Crude Oil) is currently trading near a strong support level at $70.00. This level has acted as a significant price floor, preventing further declines and indicating strong buying interest. The recent price action suggests a potential bullish move if the support holds.
Bullish Scenario:
If the price remains above $70.00, we can expect an upward movement toward the next resistance levels.
The first key resistance is at $71.200, where previous price action has shown selling pressure. A break above this level could confirm short-term bullish momentum.
If buying pressure continues, the next target would be $72.600, which is a stronger resistance zone where sellers might step in.
Bearish Scenario:
If USOIL fails to hold above $70.00 and breaks below it, this could signal further downside movement.
USOIL My Opinion! BUY!
My dear friends,
Please, find my technical outlook for USOIL below:
The instrument tests an important psychological level 70.18
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 - 71.58
Recommended Stop Loss -69.44
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
LONG ON USOILOil is currently rising from a major demand zone.
It has broken out of a nice double/triple bottom and a downtrend line.
I expect price to tap into the demand zone as a pullback from its recent break of a high and then continue to rise.
I am buying oil and expecting it to rise to the next supply level for just about 200 pips or a $2 move on.
USOIL LONG FROM SUPPORT
Hello, Friends!
The BB lower band is nearby so USOIL is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 73.00.
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Oil - see if my plan worksHello 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!
WTI Crude retest of 13th February swing lowThe WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 7200, 20th February swing low level. An oversold rally from the current levels and a bearish rejection from the 7200 level could target the downside support at 6964 followed by 6880 and 6830 levels over the longer timeframe.
Alternatively, a confirmed breakout above 7200 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7250 resistance followed by 7316 levels.
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USOIL DESSENDING CHANNEL TREND📉 USOIL Analysis – Selling Opportunity Soon! 🚨
🔸 Trend: USOIL has been moving within a descending channel, consistently making lower highs and lower lows. This indicates a strong bearish trend 📉.
🔸 Current Position: Price is now touching the upper boundary of the channel, which acts as resistance, increasing the likelihood of a sell-off.
🔸 Indicator: EMA 50 on 2H timeframe confirms the resistance level, aligning with the descending channel structure.
🔸 Entry Level: $72.30 🔽
🔸 Target Level: $70.30 🎯
📌 Descending Channel Explained:
A descending channel is a bearish pattern where price moves between two downward-sloping trendlines. Each time price touches the upper boundary, it tends to reverse lower, making it an ideal selling opportunity at resistance levels.
⚠️ Trade Wisely! Stick to risk management. 📊🔥