XTIUSD trade ideas
USOIL beginning new downtrend?Drill baby drill. This will cause a large influx of oil supply, outweighing demand, which will reduce oil prices.
On the chart, we are seeing oil selling off against the bearish 200MA right now.
This may very well likely be the beginning of the new downtrend.
Between lower interest rates in the coming year and lower gas prices, the economy should have enough stimulus to overlook the effect of tariffs.
USOIL - Wedge breakout in progress.Price have broken out of a falling wedge pattern after a failed break to the downside during fridays NY session.
Order is placed on the 61.8% retracement of this impulse leg with a SL below fridays low.
The area we are bouncing from is also the daily Ema 50 for Oil so that is a nice little confluence to help me put the odds in my favor.
USOIL SELL SET UP USOIL is technically on a downtrend. It has been making a series of highs and lows around the intermediate zone . It has created a nice high at 75.000 which I have considered as the second touch of the trend line because it is a psychological level . Let’s patiently wait and see how price reacts on the third touch of the trendline . If it gives a nice price action rejection we can join the sell, for now let’s keep watching.
Key zone to monitor: 74.296
LongGot it. In trading, resistance at 80.100 likely refers to a price level where an asset has historically faced selling pressure, preventing it from moving higher. When this resistance "breaks," it means the price has successfully moved above that level, potentially signaling further upward movement.
Here’s how to confirm a clean resistance break:
1. Candle Close Above Resistance
Look for a strong candle (preferably on a higher time frame, like 4-hour or daily) closing clearly above 80.100.
2. Volume Confirmation
Increased trading volume during the breakout supports the strength of the move.
3. Retest of Broken Resistance (Optional)
Sometimes, the price will retest the 80.100 level after breaking it. If it holds as new support, it's a bullish signal.
4. Avoid False Breakouts
Watch for long wicks above the resistance followed by price rejection; that could indicate a false breakout.
Are you tracking a specific market (forex, stock, or commodity)? I can help tailor advice based on that.
OilLooking at the bigger picture oil looks horrendous. I caught the short as close as possible to the top. Price action was painting a picture and it didn't look pretty. That's why I had to be so aggressive with my entries chasing a short. Nothing is guaranteed but when yoh look at this chart, there's clearly room for further downside.
Let's see how it goes.
WTI CRUDE OIL Sell signal under the 1day MA50WTI Crude Oil / USOIL has tested and held the 1day MA50 for two straight days.
Today's volatile candle though suggests that one more test is possible and the last time we saw this pattern was in late April 2024.
The two patterns have similar 1day RSI fractals, so the sell trigger here is the 1day MA50.
If we cross under it, sell and target Support B at 69.00.
Previous chart:
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Entry 📈 :
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Buy entry above 76.00
Sell Entry below 72.00
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Thief SL placed at 74.00 (swing Trade) for Bullish Trade
Thief SL placed at 74.00 (swing Trade) for Bearish Trade
Using the 4H period, the recent / nearest low or high level.
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-Bullish Robbers TP 81.50 (or) Escape Before the Target
-Bearish Robbers TP 67.00 (or) Escape Before the Target
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📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
"WTI / USOIL SPOT" Energy market is currently experiencing a Neutral trend (there is a higher chance for Bearish)., driven by several key factors.
♻ Fundamental Analysis:
Supply and Demand: Neutral, with growing demand for oil offset by rising US oil production.
OPEC Production: Neutral, with OPEC's production cuts offset by rising US oil production.
Global Economic Growth: Neutral, with a slow global economic recovery expected.
♻ Macro Economics:
Global Economic Growth: Neutral, with a slow global economic recovery expected.
Inflation: Neutral, with low inflation expected in major economies.
Interest Rates: Neutral, with interest rates expected to remain stable.
♻ COT Report:
Non-Commercial Traders: Bearish, with 55% of non-commercial traders holding short positions.
Commercial Traders: Bullish, with 60% of commercial traders holding long positions.
Levieraged Funds: Bearish, with 58% of leveraged funds holding short positions.
♻ Sentimental Analysis:
Market Sentiment: Bearish, with 52% of traders holding short positions.
Retail Trader Sentiment: Bullish, with 65% of retail traders holding long positions.
Institutional Trader Sentiment: Bearish, with 60% of institutional traders holding short positions.
♻ Overall Outlook:
Bearish: 52%
Bullish: 30%
Neutral: 18%
Based on the overall analysis, the outlook for WTI Commodity CFD is bearish, with a target price of around $60-$62 per barrel.
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West Texas Oil : TRADE WAR !! Very likely bullish stretch!After a strong bullish impulse ( Bull ) that began on December 11, 2024, on January 20, 2025 it took a breather and began a bearish phase ( Bear ) as can be seen in the chart.
The price has retreated to the key zone of 61.8% Fibonacci ( 72.5 ), respecting it and gradually gaining bullish strength again. In H4 time frame the MOMENTUM is bullish ( Bull ), but its STRENGTH is still bearish ( Bear ).
--> When will the strength turn bullish?
When the price exceeds the 74.5 zone
--> Today the IVO indicator alerted us of the first serious bullish signal ( Bull ) that could tell us that the price could be heading towards the 74.5 zone again. And if we add to this the TRADE WAR, it is very likely that it will go and overcome it without problems, passing the FORCE to bullish (Bull), and therefore, we will see with a high probability a new attack on the 79.3 area
--------------------------------------
Strategy to follow:
ENTRY: We will open 2 long positions if the H4 candle closes above 74.5
POSITION 1 (TP1): We close the first position in the 79.3 area (+6.4%)
--> Stop Loss at 71.5 (-4%).
POSITION 2 (TP2): We open a Trailing Stop type position.
--> Initial dynamic Stop Loss at (-4%) (coinciding with 71.5 of position 1).
--> We modify the dynamic Stop Loss to (-1%) when the price reaches TP1 (79.3).
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SET UP EXPLANATIONS
*** How do you know which 2 long positions to open? Let's take an example: If we want to invest 2,000 euros in the stock, what we do is divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each.
*** What is a Trailing Stop? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the dynamic Stop Loss.
-->Example: IF the dynamic Stop Loss is at -1%, it means that if the price drops by -1%, the position will be closed. If the price rises, the Stop Loss also rises to maintain that -1% in the rises, therefore, the risk is increasingly lower until the position becomes profitable. In this way, very strong and stable price trends can be exploited, maximizing profits.
Crude bouncingCrude prices shot higher overnight in response to President Trump’s insistence that he would be carrying through his tariff threat. As of Tuesday, the US will hit Canada and Mexico with 25% tariffs on their US exports, although the tariff on Canadian oil will be set at 10%, same as that on goods from China. Put together, oil from Mexico and Canada account for around 25% of all US oil imports. News of the tariffs saw crude prices jump higher overnight, with front-month WTI briefly topping $74.50, its highest level in a week. But prices pulled back subsequently, although were still significantly above Friday’s close. Complicating the matter further, there’s an OPEC+ meeting today. But members will probably be happy to see prices rising once again, and they are expected to keep their production cuts unchanged. Technically, crude prices were overdue a bounce, and had already started to recover from a two-week sell-off at the end of last week. This week should provide greater clarity over the length and strength of the possible rally.
Oil bullish potential + FibonacciNow, we start thinking about the bullish side. This morning, the oil price formed a new high for the last seven days, since last Monday. By placing Fibonacci on the chart, we see a pullback stop in the 50.0-61.8% zone. Oil has formed a higher low since Friday, and we need an impulse to move back above the EMA 200 hourly moving average to strengthen the bullish momentum. A potential first target is $76.00, then $76.80.