#Wti #CrudeOil Sell Setup Currently Trading at 78.13 , Sell On Rise Around 80.14 For The target 64.46--51.46
Will face Strong Resistance At 200 SMA
When You Get 2 Consecutive Weekly Close above 80.14 Than Can Consider this setup to be failed
XTIUSD trade ideas
USOIL: Starting to make a profitI have repeatedly reminded that you should go short on crude oil at the price range of $69 - $69.5. It has now started to yield profits. You can continue to wait for the price to drop. All the current signals are completely accurate. I will keep sending out accurate signals.
Currently, my account balance has grown from an initial $40,000 to $900,000 in profits. I will share accurate trading signals every day, and you have the option to copy my trading orders. If you're interested in getting these signals, you can click on the link below this article.
Oil Has some bullish momentum this morningFrom yesterday previous chart to today's chart oil has been bullish this morning from a weekly level an based off previou market structure in my opinion.
USOIL - Bullish Ideathis commodity is in down trend for some time.
Currently it have broken it trndline on 4H TF.
Bullish Divergence along with double bottom chart pattern.
USoil Buy USOUSD buy signal on H1 chart. Price is on the top of daily resistance but h1 chart is bullish , we can try to catch this bullish move. Risk reward 1/3
WTI Crude Oversold bounce back consolidationThe WTI Crude Oil price action exhibits a bearish sentiment, driven by the prevailing downtrend. The recent price movement appears to be an oversold bounce back, forming a bearish sideways consolidation pattern. This indicates that the bears remain in control, with limited buying interest observed despite the temporary upward correction.
Key Level (69.52):
The critical trading level to watch is at 69.52, which marks the previous intraday consolidation zone. An oversold rally approaching this level could face bearish rejection, reinforcing the downtrend. A failure to break above this zone would likely prompt a continuation of the downside movement.
Support Levels:
If the bearish sentiment prevails and the price is rejected from the 69.52 level, the downside targets include:
67.00 - Immediate support level.
65.73 - Secondary support.
64.23 - Long-term support level.
Bullish Scenario:
On the flip side, a confirmed breakout above the 69.52 resistance level, followed by a daily close above it, would negate the bearish outlook. This breakout could trigger further upward momentum, targeting:
70.42 - Initial resistance post-breakout.
71.02 - Subsequent resistance level.
Conclusion:
While the overall trend remains bearish, an oversold bounce could temporarily push prices higher toward the 69.52 resistance level. Traders should watch for potential rejection or a confirmed breakout at this level to gauge the next directional move. A failure to break above 69.52 would favor bearish continuation, while a breakout and daily close above would open the door for further bullish rallies.
Crude oil is coiling on a Friday. What could possibly go wrong?Intraday Update: Another strong rejection of the 68.50 level. Since it is the end of the week, the risk is building for a big move either back to the 65.20 support or perhaps a break of the key 68.50 level.
WATCH OUT FOR OIL'S DESCENDING TRIANGLE...A potential close above 70 will signal the likelihood of oil price to test trendline is sloping downward or the bearish order candle.
N.B!
- USOIL price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#usoil
#wti
#ukoil
Crude oil though Looking at a buy
Stop loss at lowest low or last higher low
Support area noted
Beginner trendline/ trader
usoil:sell@68-68.5Although crude oil opened higher on Monday this week, the upward trend did not continue. Once it reached the resistance area, it's time to start attempting short selling.
usoil sell@68-68.5
tp:67-66.5
Currently, my account balance has grown from an initial $40,000 to $700,000 in profits. I will share accurate trading signals every day, and you have the option to copy my trading orders. If you're interested in getting these signals, you can click on the link below this article.
West Texas Oil Futures Bias for March 17-21
Weekly
I am still bearish long term and expecting the relative lows of low 65 levels to be tested again. Order flows are very bearish.
Daily
With Tuesday candle closing through Monday's low tells me the day will continue lower with big wick rejection of Monday's high aligning with my weekly bias.
I will try my best to update this on the notes below for the week.
I appreciate to hear what you think.
Regards,
Jun
USOILHello friends
Due to the price falling in the identified support area, buyers were able to support the price, but given the weakness of the trend we are witnessing, it seems that sellers have more power...
Now, for the price to rise, the identified resistance must be broken, and for the price to fall, if the support is broken, the price will continue to fall.
*Trade safely with us*
Oil bullish Trend soon read in captionThe chart shows WTI Crude Oil (CFDs) on a 1-hour timeframe, with a clear bullish trend. Here’s the detailed breakdown:
1. Bullish Momentum: The price is moving upwards within a channel, with the current price testing the upper boundary around 68.50. This level is identified as the next target, suggesting that the price may continue upward if it maintains the bullish momentum.
2. FVG (Fair Value Gap): Multiple FVG zones are marked on the chart, indicating areas where there is an imbalance in market orders. These gaps represent potential support and resistance levels:
- The first FVG zone is marked near 67.50, which can act as support if the price retraces.
- The second FVG zone near 68.04 could act as a potential gap to be filled if the price dips and closes a candle below this level.
3. Target 68.50: The next major target is set at 68.50, just below the upper resistance level. If the price breaks this resistance, it could continue moving upward. Traders should look for confirmation of bullish continuation once the price reaches this level.
Potential bearish drop?USO/USD has reacted off the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 68.43
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 69.26
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 66.46
Why we like it:
There is a pullback support level.
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OIL BUY TARGET SUCCESSFUL READ IN CAPTIONSThe chart shows WTI Crude Oil (CFDs) on a 1-hour timeframe, displaying an upward trend in a well-defined channel. Here are key observations:
1. Resistance: The price is currently testing the upper resistance zone around 67.80, with a series of pullbacks indicating a potential reversal. This resistance level has been tested multiple times, and a rejection here could lead to a further downward movement.
2. Support Level: The support level is clearly marked at 66.50, and the price has bounced multiple times from this zone. It acts as a key level to monitor for price reversals.
3. Order Block: An order block is formed around 67.20, suggesting that there is significant buying activity at this level. If the price breaks below this level, it could indicate further weakness.
4. Target: The target is set at 67.64, just below the current price action. If the price breaks below the order block at 67.20, we could expect a pullback toward this target.
5. Potential Downward Move: The price has formed a lower high around 67.50, which suggests the possibility of a bearish reversal. If the price fails to break the resistance at 67.80 and fails to hold above 67.20, it may move toward the target at 67.64.
Bullish bounce off pullback support?WTI Oil (XTI/USD) has bounced off the pivot and could rise to the 1st resistance which lines up with the 38.2% Fibonacci retracement.
Pivot: 65.73
1st Support: 63.22
1st Resistance: 71.07
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OIL UPWARD TREND UPCOMING SOONThe chart displays WTI Crude Oil (CFDs) on a 1-hour timeframe, with the price currently testing the resistance zone around 67.60. The price has formed a clear upward trend within a channel, with support near 67.00 and an order block around 67.20. After the recent price action, there’s a potential for a pullback from the resistance area before continuing upward.
The target is set at 67.64, indicating that if the price manages to break through the resistance, it could move further in the upward direction. Traders should look for confirmation of this breakout or potential reversal to enter positions, with the support zone acting as a key level to monitor for any downward movements.
WTI - Weekly Forecast - Technical Analysis & Trading IdeasMidterm forecast:
While the price is above the support 64.000, resumption of uptrend is expected.
We make sure when the resistance at 79.361 breaks.
If the support at 64.000 is broken, the short-term forecast -resumption of uptrend- will be invalid.
TVC:USOIL BLACKBULL:WTI
Technical analysis:
A peak is formed in daily chart at 79.355 on 01/15/2025, so more losses to support(s) 64.900 and minimum to Major Support (64.000) is expected.
Take Profits:
68.354
70.182
72.434
74.449
77.410
79.361
83.961
87.000
93.882
100.802
109.192
126.350
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Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
Trading Strategy for Crude Oil Next WeekAs U.S. President Donald Trump pushes for an increase in domestic oil production and a reduction in energy prices, the prospect of declining profits may stifle drilling activities. If WTI crude oil hovers around $65 per barrel, shale oil operators may shut down 25 drilling rigs and keep U.S. oil production flat. A further drop in prices would actually reduce crude oil production.
With Trump's trade war weighing on the demand outlook, traders are bracing for an influx of Russian crude oil into the global market, and WTI crude oil is in the midst of its longest losing streak in nearly a decade.
The price of crude oil has been lingering at a low level. On the weekly chart, it closed with a bearish doji star, showing a double-bottom pattern. In the short term, the oil price is still fluctuating in the range below $68.5. If it fails to break upward in the future, there is a high probability of a continued decline.
USOIL Trading Strategy for Next Week:
Sell@67.7-68.3
TP:66-65
I always firmly believe that profit is the sole criterion for measuring strength. I will share accurate trading signals every day. Follow my lead and wealth will surely come rolling in. Click on my profile for your guide.
USOIL: Trading Strategy for Next WeekThe recent market of USOIL has been relatively stable, consistently trading below $68.5. In next week's trading, it is necessary to focus on whether an effective breakthrough of $68.5 can be achieved. This level is the demarcation point between bullish and bearish trends. If an effective breakthrough can be made, USOIL is expected to return above $70 again.
Pay attention to the key support below at $65 - $66. When it reaches this area, you can start buying and wait for the price to rise.
USOIL Trading Strategy for Next Week:
usoil buy@65-66
TP:67-68.5-70
Currently, my account balance has grown from an initial $40,000 to $600,000 in profits. I will share accurate trading signals every day, and you have the option to copy my trading orders. If you're interested in getting these signals, you can click on the link below this article.
OIL TARGET SUCCESSFUL DONE READ IN CAPTIONS THAT'S AMAZING DAYThe chart shows WTI Crude Oil (CFDs) on a 1-hour timeframe. The price has recently tested a resistance area near 67.80 and is now pulling back, with the potential to move towards the order block around 67.00. The target is set at 66.90, indicating a possible decline if the price continues to break lower. Traders should watch for confirmation of the bearish trend as the price approaches the support level and target.
XTIUSD downsideLooking at this as a sell opportunity.
Interested to see what price will do if it reaches 64.42 as historically price has reacted around this area.
OIL UPCOMING DOWN TREND SURELY READ IN CAPTIONSThe chart shows WTI Crude Oil (CFDs) on a 1-hour timeframe. The price has recently approached a resistance level near 67.80 and is showing signs of a potential reversal. There is an order block around 67.40, suggesting a possible decline. The target is set at 66.90, indicating a potential move lower towards the support zone. Traders should look for confirmation of a bearish move before entering short positions toward the target.
