WTI Impulse wave continuation.WTI is still in frame with my previous youtube videos.
A probable impulse is incoming
XTIUSD trade ideas
[USOIL] Daily breakout for swingAfter a long time in a range, it's probably time for the TVC:USOIL to break through and go for some higher levels.
Here is my plan for now with my first long try.
Great Trade !
USOIL Potential UpsidesHey Traders, in today's trading session USOIL for a buying opportunity around 69 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 69 support and resistance area.
Trade safe, Joe.
Potential bullish rise?USO/USD has reacted off the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could rise from this level to our take profit.
Entry: 69.13
Why we like it:
There is a pullback support level that line sup with the 50% Fibonacci retracement.
Stop loss: 67.923
Why we like it:
There is a pullback support level that lines up with they78.6% Fibonacci retracement,.
Take profit: 71.51
Why we like it:
There is a pullback resistance level that lines up with the 127.2% Fibonacci retracement.
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The latest crude oil operation suggestionsOverall, the EIA inventory data released last night was -507.3 before and -142.5 after, while the oil price barely rose by 10 points. The idea in the early trading is to determine the strength based on the high point of 70.5 last night. It is recommended to short on the rebound. Crude oil strategy: short on the high point when the rebound reaches 70, with the target at 69.3-68.6.
USOil - ShortUSOil has broken the previous HL and a bearish divergence is adding confluence, therefore, going Short on USoil. Fundamentally, IEA surplus forecast offsets rate cut optimism may further pull the USOil prices.
USOIL BUY PATTERNHello Traders
What are you thinking about USOIL
In This price will seems as Buy Pattern USOIL As Buy Side Keep eye on it To Buy Price You can see more details in the chart.
Lets like and Share you Minds In Comments .
USOIL Sell IdeaUSOIL Sell IDEA:
Selling USOIL with RR 1:2 on the basis of Divergence and bearish trend
USOIL Will Go Higher! Buy!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 70.58.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 72.27 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
USOIL, might be preparing for a large move. USOIL / 1D
Hello Traders, welcome back to another market breakdown.
The market is showing strong bullish momentum, breaking through key minor resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for the price to show more strength first then for the pullback into the breakout zone for a more strategic entry.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Trade safe,
Trader Leo
WTI OIL Major bullish break-out happened. Expect rally to $76.WTI Oil (USOIL) broke yesterday above the 1-month Lower Highs trend-line, following the bullish EIA report. This is a major bullish break-out as the last time the price broke above a similar Lower Highs trend-line was on October 01, with the resulting rally rising above the 0.786 Fibonacci retracement level.
Even the 4H RSI sequences between the two fractals are identical, with both starting on a Bullish Divergence (Higher Lows against the price's Lower Lows and then a nearly oversold RSI with the price on the Support Zone was what initiated the rebound that broke the Lower Highs.
Our Target is again the 0.786 Fib at $76.00.
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Crude Oil - Buying opportunityCrude Oil - Buying opportunity above $70. First target at $71.5.
It is a classic cup with handle at 15 min chart and a double bottom pattern at 1D charts.
USOIL WEEKLY MARKET ANALYSIS📊 USOIL Weekly Update
Technical View:
Not much has changed on the charts. Price remains within the expected range, waiting for a catalyst to break out.
Fundamental Highlights:
Geopolitics: TVC:UKOIL Brent hit ~$71, WTI at ~$67, driven by instability following the ousting of Syria's President.
Saudi Aramco: January crude prices for Asia slashed to early 2021 lows due to weak Chinese demand.
OPEC+: Delayed output hikes to April 2025; cuts extended through 2026.
U.S. Supply: Increased oil & gas rig activity adds pressure on prices.
Natural Gas: Futures rebounded 5% to $3.147 after last week’s losses.
🔑 Key Levels ( FX:USOIL WTI):
Bullish: Close above 21-period SMA ($72.37) targets 50-period SMA ($73.98).
Bearish: Close below $72.00 may see a drop toward ~$70.63.
📌 Trading Strategy:
Keep alerts set for key levels; patience is key as we await clearer directional moves.
💬 Let’s discuss more in comment below!
Happy Trading,
The NFX Team™ 💚
(Earlier shared this post but got taken down due to some off-platform mention (violation) - still getting used to the TV rules :) , reposted for reference purpose.)
1012 USOIL is going to break the bottom, down target to 60?Hello traders,
OPEC+ has announced a delay in its planned production increase, with the Organization of the Petroleum Exporting Countries and its allies postponing these plans until April of the following year. Additionally, the timeline for the eventual cancellation of the voluntary production cut of 2.2 million barrels per day has been extended from 12 months to 18 months. Following this announcement, crude oil futures experienced a slight decline on Thursday, reflecting a muted market reaction. According to a report by Gelber & Associates, despite the news, crude oil prices have remained within a stable range. The report highlights that in recent weeks, the potential for news to significantly influence crude oil prices has been notably high. As the year draws to a close, there is considerable uncertainty surrounding the Trump administration, which has contributed to a temporary reduction in oil price volatility.
On the New York Mercantile Exchange, the settlement price for West Texas Intermediate crude fell by 0.4%, settling at $68.30 per barrel. Similarly, Brent crude futures on the Intercontinental Exchange in Europe decreased by 0.3%, reaching $72.09 per barrel.
This environment reflects ongoing dynamics within the oil market, where geopolitical factors and economic policies continue to play critical roles in shaping price movements.
But on the daily chart, usoil has very big problem to break through the downtrend red line and now is being rejected again from EMAs.
Its very possible for usoil to break through the bottom support structure and make a new low.
61.74, FIBO ext 1.27 should be a target after usoil breaking though the bottom.
Good luck!
Less is more!
SEE HOW USOIL ANAYLIS PLAYED OUT!I, dropped this analysis two days ago about USOIL, see How it plays out! $$$$$$
USOIL Bullish Breakout: Wedge Pattern Analysis on H4On the H4 timeframe, USOIL has breakout above a wedge pattern, signaling a potential shift toward bullish momentum. The breakout is visually projected using an orange-colored box, highlighting the zone where the price successfully moved above the wedge's upper boundary. This breakout indicates an increase in buying pressure, suggesting that the price may trend higher in the near term.
The next key resistance levels to watch are 71.3 and 72.2, which align with significant historical price zones and are set as profit targets. Caution is advised, as a reversal that pushes the price back into the wedge would invalidate this bullish outlook. It is advisable to place a stop-loss just below the wedge’s upper boundary.
Disclaimer:
This analysis is part of a trading plan and does not constitute trading advice. Technical analysis is probabilistic in nature and does not guarantee profitability. Always implement proper risk management in every trading decision.
crude oil longcrude oil
long
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
CRUDE OIL (WTI): Pullback From Key Level
Crude Oil looks overbought after a yesterday's bullish movement.
The price may retrace from the underlined blue daily resistance
at least to 69.9 price level.
As a confirmation, I see a double top pattern on an hourly time frame.
❤️Please, support my work with like, thank you!❤️
Wti - Us Crude Oil Spot - Important LevelsImportant Levels For WTi
The chart highlights a detailed application of Gann techniques to analyze WTI movements. Using the Jinny Gann indicator, critical price angles (e.g., 45°, 90°, 135°, 225°, and 360°) are plotted, revealing symmetrical resistance and support levels.
Key Observations:
Gann Levels: Horizontal levels represent important price zones derived from Gann’s methodology. These levels act as significant support or resistance
Jinny Gann Grid : The grid formed by the diagonal lines provides a framework for understanding the balance between time and price. The stock has been respecting these lines, suggesting the relevance of the Gann grid in its price behavior.
Lots of times you can relay on the Grid trends and Start Drawing Classic Channels using its angles!
Wish you Best of luck
USOIL Weekly Analysis 9-13 DecemberSo TVC:USOIL continued its fall previous week too.
For the upcoming week, my bets are on the upside, these are the keypoints of observation leading to this.
1. Since last 7 weeks, Crudeoil is stuck in a box range, and also the contracting triangle pattern is in the verge or breaking out / breaking down, so we can expect big moves that would possibly take crudeoil out of this box.
2. Nov 11-15 week, Market consolidated in range, grabbed buyside liquidity first, then the sell side liquidity and the week after that, market gave the one-sided move upwards.
3. From 27Nov till last friday, price formed similar structure where it collected buyside liquidity first, then sellside liquidity in the friday fall.
4. Currently the price is trading near a very important demand zone, so a move towards upside is expected.
5. China's inflation rate and PPI data comes out on Monday 7 Asia session, which can be a trigger for monday move.
6. US CPI data comes out this wednesday, which can act as a major trigger in breaking the trendline resistance above and price moving up to take out liquidity near 72.80$
7. As 25bp rate cut is largely expected in the next Fed meeting, the CPI data will be crucial in taking that decision, and this will weaken the dollar and is bullish for crudeoil, so that could be a major trigger onto breaking the resistance and moving up.
Conclusion:
So there are some key data coming this week, China PPI data and Inflation data which can signal some bullishness if the economy is strong and there is demand and also US CPI data which will also affect crudeoil price.
Technically, we are in a strong demand zone, and as we collected liquidity from buyside and sellside last week, chances are more we head for upside this coming week.
Watch out for resistances at 68$, 69$ and 70$, break of which can lead to nice upside rally.
What are your thoughts?
NB: Not a financial advise, this is just my observation and only for educational purpose.
