US OilUS Oil - Crude Oil
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Change OF Characteristics
XTIUSD trade ideas
USOIL PredictionWelcome to our trading analysis! It’s great to see dedicated traders like you pursuing success with focus and determination. Trading is not just about profits—it’s about learning, adapting, and growing with every market movement. Today, we’re analyzing USOIL, which is currently trading at $74, with a bullish target of $100. The market is forming a falling wedge pattern, a classic bullish setup signaling a potential upward breakout. Before the price reaches the target, it needs to confirm a breakout from this wedge, which will mark the beginning of a strong rally. This pattern indicates a high reward-to-risk opportunity for traders who patiently wait for the breakout confirmation. Watch for strong volume and momentum during the breakout phase, as these are critical indicators of strength. Stay focused, trust your analysis, and remember that consistency and discipline are the keys to long-term trading success.
USOIL - looking bullish in daily chartHello mates, 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 trading strategy on what we see price movement on the chart. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
WTI OIL Will it hold the 4H MA200 and rebound?WTI Oil (USOIL) almost tested on yesterday's pull-back the 4H MA200 (orange trend-line), following Monday's rebound on the former Lower Highs trend-line. This technical shift from a Resistance level turning Support, signifies the emergence of a new Channel Up pattern, which needs to hold the 4H MA200 in order to materialize the new Bullish Leg to a new Higher High.
The pattern's first Higher High was priced on the 71.45 Resistance (1) and if the current Higher Low holds at the bottom of the Channel Up, we expect an equally powerful Bullish Leg for the next Higher High. However the 1D MA100 (red trend-line) needs to break as it currently poses the strongest Resistance, having rejected the uptrend not just on the Resistance 1 test (December 13) but also yesterday (December 26).
As a result, if this level breaks, we expect the trend to hit at least Resistance 2 with our Target being $72.80.
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Mastering WTI Crude Oil with SMC & ICT Strategies Buy/Sell ZonesTVC:USOIL Mastering WTI Crude Oil with SMC & ICT Strategies: Key Buy/Sell Zones
Analysis:
Price Action Strategy:
Support and Resistance Levels:
Support: Around 69.20 (Equal Lows)
Resistance: Around 70.50 (Swing High)
Trend Analysis:
The price is currently in a downtrend, indicated by lower highs and lower lows.
Candlestick Patterns:
Look for bullish reversal patterns near the support level for potential buy entries.
Look for bearish reversal patterns near the resistance level for potential sell entries.
SMC Strategy:
Liquidity Sweep:
A liquidity sweep is observed around 70.50, indicating a potential reversal zone.
Fair Value Gap (FVG):
An FVG is identified around 69.80, which could act as a magnet for price.
Change of Character (CHoCH):
Multiple CHoCH points are marked, indicating shifts in market structure.
ICT Strategy:
Break of Structure (BOS):
A BOS is noted around 69.90, confirming a bearish bias.
Fibonacci Retracement:
Key levels: 0.786 (70.40719), 0.705 (70.292575), 0.618 (70.16947), 0.5 (70.0025), 0.382 (69.83553), 50.00% (69.57).
Volume Profile:
High volume nodes around 69.57 suggest strong support/resistance.
Buy Signal:
entry: 69.57
tp1: 70.00
tp2: 70.50
sl: 69.20
Sell Signal:
entry: 69.20
tp1: 68.80
tp2: 68.50
sl: 69.57
Follow @Alexgoldhunter for more strategic ideas and minds
WTI - the fate of oil next year!WTI oil is above the EMA200 and EMA50 in the 4-hour timeframe and is moving in its ascending channel. In case of a downward correction towards the zone, the next purchase of oil will be offered with a reward suitable for us.
Analysts believe that the global oil market will be well-supplied in the coming year due to increased oil production from non-OPEC+ countries and limited growth in global oil demand. Despite uncertainties surrounding 2025, experts maintain a cautious outlook on crude oil prices.
By the end of 2024, investment banks projected that oil prices in 2025 would remain around $70 per barrel of Brent.
However, the potential escalation of trade tensions poses a downside risk to prices.
Market observers are aware that oil price forecasts are often inaccurate. Yet, considering current fundamentals and geopolitical developments, experts generally hold a more negative than positive view on oil prices for the next year.
Most analysts and investment banks anticipate a supply surplus in the oil market for 2025, even if OPEC+ adheres to its current plan to reduce production starting in April 2025.
In December, OPEC+ announced a delay in its planned 2.2 million barrels per day production cut from January to April 2025. Additionally, the group extended the timeline for fully reversing these cuts to September 2026.
According to investment banks, while OPEC+’s decision may reduce the anticipated surplus, the market will still experience oversupply.
ING commodity strategists Warren Patterson and Ewa Manthey noted in a recent report: “For now, we forecast the oil market to face a surplus next year, although much will depend on OPEC+’s production policies.”
The International Energy Agency (IEA) has long predicted a significant supply surplus in 2025. In its monthly report, the IEA stated that even if OPEC+ maintains its current production levels throughout 2025, there would still be a daily surplus of 950,000 barrels. If OPEC+ halts voluntary production cuts at the end of March 2025, this surplus could rise to 1.4 million barrels per day.
The IEA also forecasts that global oil demand will increase by 1.1 million barrels per day next year. However, this growth will not be sufficient to absorb the additional supply from non-OPEC+ producers, primarily the U.S., Brazil, and Guyana.
Additionally, weak consumption data from China indicates that demand this year has been below initial projections. OPEC has also reduced its oil demand growth forecasts for 2024 for five consecutive months.
In its December Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) reported that if OPEC+ implements its recent production cut decisions, global oil inventories would rise by an average of 100,000 barrels per day starting in the second quarter of next year.
The EIA further predicted that this inventory increase would exert downward pressure on crude oil prices by late 2025, with Brent prices declining from an average of $74 per barrel in Q1 2025 to $72 per barrel in Q4 2025.
The agency estimates that the average annual Brent oil price in 2025 will be $74 per barrel, down from this year’s average of $80 per barrel. Recent surveys also reflect this trend, as analysts have lowered their oil price forecasts due to weak demand and robust supply growth.
Some experts argue that stricter U.S. sanctions on Iran and heightened geopolitical tensions might support prices early next year. However, overall weak demand forecasts are expected to exert significant downward pressure on oil prices.
China’s accommodative monetary policy could boost its economy and oil demand, but President-elect Trump’s promise to increase tariffs on China poses risks to economic growth, trade, and oil demand. Saxo Bank recently stated that China’s latest economic stimulus measures and the likelihood of further monetary easing could offset the impact of U.S. tariffs in 2025, signaling Beijing’s determination to prevent a severe economic downturn.
OIL: On big consolidation range OIL: On big consolidation range
-Quasimodo pattern.
-ABCD pattern.
-Bull flag.
-Demand zone support.
-Key level support.
Wait for breaking signals confirmation and go up with plan.
Hellena | Oil (4H): Short to support lvl 63.5 (Wave 3).Colleagues, the last forecast is still active, but I thought it was worth doing another one that will show more clearly what is happening now.
In my opinion, the price is still in wave “2” of low order, but in a three-wave correction.
This means that wave “2” (black, lower wave) should not update the level of 73.114, but it can update 71.695, although this condition is not necessary.
As a result, I still believe that the price will continue its downward movement, although it is in a prolonged correction.
There are 2 possible courses of action:
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
WTI Bullish Outlook, Caution Below 1M PivotHello,
BLACKBULL:WTI is likely to experience continued bullish momentum, as the price recently closed above the 1M pivot point, signaling potential for further gains. However, as a cautionary note, if the price falls and settles below the 1M pivot point, we could see more downside movement.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
WTI Light Crude Oil (18H) – Technical Analysis1️⃣ Bullish Triangle Pattern
The chart forms a bullish triangle, with higher lows and a descending trendline. This indicates potential accumulation before an upward breakout.
2️⃣ Strong Support Level
The $68-$69 support zone, established in September, has held firm, showing strong buying interest and rejecting further downside.
3️⃣ Broken Resistance Line
The descending trendline has been broken, signaling a shift in momentum toward buyers.
4️⃣ Potential Uprise
The breakout suggests upside potential toward:
🟢 Target 1- $71.23
🟢 Target 2-$73.00
🟢 Target 3-$77.54
Got questions? Let me know!
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 8H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 68.35 area.
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WTI OILTrading WTI oil on monthly time frame gives a clue to price action, oil after a dramatic drop in price to 0.24 in 2020 due to demand and supply, oil rally saw it upswing to 128.70k in march 2022 before a sharp rejection by buyers .
OPEC maintains control of price through demand and supply and inventories data print.
US dollar affects oil price ,as a stronger dollar makes oil more expensive for buyers using other currencies, which can reduce demand and lower prices.
the presidency of trump will strengthens the green back which will likely break oil demand floor in coming months.
oil bench mark has been 65k-63k based on demand floor if broken oil could return to 23-30k zone as illustrated on the chart.
OPEC timely price intervention can set up bullish rally for oil as well ,where it will likely break monthly descending trendline to challenge 100k zone
USOIL Is Very Bearish! Short!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 70.339.
Taking into consideration the structure & trend analysis, I believe that the market will reach 69.359 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Post-Christmas Crude Oil AnalysisHere is an analysis on why I think the crude oil is going downtown, at least in the 'short-term'.
Let me know what your outlook is for this asset!
- R2F
USOIL TECHNICAL ANALYSIS (READ THE CAPTION)This chart provides a technical analysis of WTI Crude Oil (CL1!) on a 1-hour timeframe. It highlights price action and key support and resistance levels.
Key points
Support and Resistance:
Support: The price has been finding support around the 68.45 level.
Resistance: The 70.60 level has acted as resistance, capping the upside movement.
Potential target: The chart suggests a potential downside target of 68.65.
Entry: Short position at or near the 70.45 resistance level.
Stop-loss: Place the stop-loss above the recent swing high, around the 71.45 level.
Take-profit: Target the 68.65 level.
Trading Strategy
Based on the chart analysis, price action and Technical Indicators a potential short-term bearish trading strategy could be Considered:
Important Considerations
Risk Management: Always use appropriate risk management techniques, such as stop-loss orders, to limit potential losses.
Market Volatility: The forex market is highly volatile, and prices can fluctuate rapidly. Be prepared for sudden price movements.
Fundamental Analysis: While technical analysis is useful, it's important to consider fundamental factors that may impact the price of WTI Crude Oil, such as geopolitical events, supply and demand dynamics, and economic indicators.
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Thanks for your support
Crude Oil (WTI): Breaking Down the Chart and Trading PotentialCrude oil, one of the most actively traded commodities globally, is displaying a potentially bullish setup on its chart. After a prolonged period of consolidation, WTI seems to be testing critical levels that could dictate its direction in the near term.
Chart Breakdown
Support Zone: The primary support zone lies between $6,600 and $6,900, which has acted as a strong accumulation area for buyers. A clear bounce from this level adds strength to the bullish outlook.
Resistance Levels: The first major resistance to watch is at $7,130. This is the key breakout level that crude oil must surpass to confirm further upward momentum. Beyond this, a sustained breakout could take prices toward the next target at $7,725, which aligns with historical resistance levels.
Possible Scenarios
Bullish Case: A breakout above $7,130, coupled with sustained volume, could confirm the beginning of a fresh rally. The immediate target would be around $7,725, with potential for further upside if momentum persists.
Bearish Case: On the other hand, a breakdown below $6,600 could signal renewed selling pressure. If this occurs, crude oil may slide toward lower levels, potentially revisiting $6,400 or beyond.
Trading Plan
Bullish Setup:
Entry: Above $7,130 with strong buying volume.
Target 1: $7,725
Stop-Loss: Below $7,000
Bearish Setup:
Entry: Below $6,600 with confirmation of selling momentum.
Target 1: $6,400
Stop-Loss: Above $6,800
Key Takeaways
Crude oil is on the verge of a breakout from its consolidation phase, with critical levels identified for both bullish and bearish scenarios. Whether you're a short-term trader or a long-term participant in the commodity market, staying aligned with these levels could be the key to success.
Where do you see crude oil heading next? Let’s discuss in the comments below! 📈📉
⚠️ Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always conduct thorough research before making trading decisions.
💡 Boost & Follow to stay updated with the latest commodity insights and chart analyses. Let’s navigate the markets together! 🚀
WTI Oil H1 | Rising into multi-swing-high resistanceWTI oil (USOIL) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 70.37 which is a multi-swing-high resistance.
Stop loss is at 70.70 which is a level that sits above a swing-high resistance.
Take profit is at 69.48 which is an overlap support that aligns with the 50.0% Fibonacci retracement.
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Bearish drop?USO/USD is reacting off the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could drop from this level to our take profit.
Entry: 70.64
Why we like it:
There is a pullback resistance level that lines up with the 127.2% Fibonacci extension.
Stop loss: 71.66
Why we like it:
There is a pullback resistance which lines up with the 127.2% Fibonacci extension.
Take profit: 69.35
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USOIL BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Bearish trend on USOIL, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 67.02.
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USOIL TECHNICAL ANAYLSIS FIRST UPDATE ( MUST READ MY CAPTION )Hello traders check first anaylsis on usoil, so what do think about my anaylsis?
we have confirm target in sell, just keep eye usoil wll fall soon, there is probalitiy of sell as we share in chart
keypoints
current price 69.38
tp 1 69.00
tp 2 68.70
tp 3 68.40
target area 68.00
for more updates follow and boost my post and comment your ideas and stay with us
USOIL FOR 2025 FORECASTThis for 2025 FORECAST
Opportunity for USOIL. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR).
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
USOIL Set To Fall! SELL!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 69.50
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 69.04
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
oil analysis with smbThe analysis of the oil chart reveals significant insights into market dynamics, as clearly illustrated in the attached image. With all critical details comprehensively displayed, this chart serves as a detailed roadmap for understanding price movements and market trends. It reflects a precise depiction of the interplay between technical indicators and market behavior, offering valuable perspectives for strategic decision-making.
