XTIUSD 30m previewICMARKETS:XTIUSD Oil broke the rotation and is heading down, I look for short positions and here is an example of such a short
XTIUSD trade ideas
WTI Oil H1 | Overhead pressures remainWTI oil (USOIL) could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 70.04 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 71.40 which is a level that sits above a multi-swing-high resistance.
Take profit is at 68.66 which is a swing-low support.
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US OIL - BULLISH REVERSAL Get ready for a reversal on crude oil - Price currently testing a fresh demand zone and with the Iran/Israel war going on, oil is likely heading much higher in the coming months.. Currently the world is awaiting Israel's response to Iran's attack on Israel few weeks ago.. This war will only escalate from here and crude is set for big gains due to it... technical can't get any better
Could USOIL continue the sell? FX:USOIL
USOIL has been on a steady downtrend and now we are faced with another potential bear flag. Recent price action may have left us a opportunity for a entry on the sell. I'll set an Limit order to see if price will retest this level before the fall.
Bearish drop?WTI oil (USO/USD) has reacted off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 69.96
Why we like it:
There is an overlap resistance level.
Stop loss: 71.83
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Take profit: 67.58
Why we like it:
There is a pullback support level.|
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CRUDE OIL BEARISH BREAKOUT|SHORT|
✅CRUDE OIL broke the key
Horizontal level of 70.00$
And the breakout is confiremd
So we are bearish biased
And we will be expecting
A further move down
SHORT🔥
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Vital Oil Updates/knowledge Into Next WeekOil markets have presented an interesting case for a significant period time, ever since the rocket highs we saw around July 2022.
The real waning of extreme demand has slowly created lower highs rebounding to a key level of support that is very notable and has provided many repeated long side entries/exits.
Lately, concerns over Chinese demand for oil has slapped prices and sentiment remains weak. The initial push / rebound from key support we saw has almost totally diminished.
It is worth noting that a drop under this level is absolutely not inevitable.
The mistake lots of traders/investors make is that they believe some levels are absolutely solid, this is the same for the downside trend line drawn (see lower highs). Some traders believe these levels/trends are also invincible.
OPEC typically likes to keep prices at a fair and profitable medium. Any risk drivers (geopolitical) may cause rallies, whilst further demand outlook issues may drop price, particularly if they are extreme.
Keep any risk taken on any trade minimal. Current area(s) that are tradeable now pose inherent risk that is greater than before due to the tightening of ranges. A crushing sentiment blow either side can swing prices greatly out of such ranges.
I am only willing to buy anything significant under current lows, shorts will need to be much higher but will also come with lowered risk due to intense rallies.
USOIL breakout to 74 $ hello boy this chart for TVC:USOIL let hum going to 74 $ after can update more news ,you welcome to my profil take your time & enjoy with me
WTIBreakdown of support level
new lows formation
weakness expected in oil
instant sell with strict stoploss
US CRUDE OIL (WTI): Bearish Outlook ExplainedThe USOIL price dropped below a strong horizontal support level last week and closed below it.
After breaking this support, upon retesting the broken structure, the market started to consolidate.
A bearish breakout of the consolidation range's support area confirms a strong bearish trend, increasing the likelihood of a continued decline.
The target price is set at 67.20.
USOIL BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Bullish trend on USOIL, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 75.92.
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CRUDE OIL Swing Rising Support Ahead! Buy!
Hello,Traders!
CRUDE OIL keeps falling
Down but will soon hit
A rising support line
From where we will be
Expecting a local
Bullish correction
Buy!
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USOIL: Strong Bearish Bias! Sell!
Welcome to our daily USOIL prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 68.870
Wish you good luck in trading to you all!
USOIL: Bullish Continuation & Long Signal
USOIL
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy USOIL
Entry - 68.78
Stop - 67.10
Take - 72.18
Our Risk - 1%
Start protection of your profits from lower levels
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Oil is still bearish but clearly at a key bullish zoneThe bullish array we are at now contains a flipped imbalance and can indefinitely hold price within it's boundary preventing a close lower close.
If this is the case, we will see heavy wicking in this area and a reverse to the high of the Friday candle high. Depending what happens at the high will determine what to expect next. The main observation that is speaking to us is how price wicked the entire iFVG flip range and closed on the edge of the FVG range. This will be important body level to watch going into next week.
We also expect this low to be wicked but we will have to see how we play the inducement that is going to build in this range.
Oil going up take two H4 time frame must be the first thing to consider when starting to trade. H4 should be above Simple Moving Average 5 all time.
WTI CRUDE OIL Bullish Signal on the Support.WTI Crude Oil is almost on the Rising Support trend line, following a rejection on Resistance (1).
This level previously starting October's strong rally and yet again signals a bullish opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 77.50 (Resistance 1).
Tips:
1. The RSI (4h) is oversold and has double bottomed. An additional strong bullish signal.
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USoil is BearishThis is how i see the whole point for USoil .
Patiently waiting for a structure to be broken at the down low ... Then the rest will follow.
Happy trading
USOIL - LONG IDEAUSOIL recently it broke the trendline and now retest Fib 0.786 perfectly with bullish hammer and also bullish div. if the market successfully sustain the next leg up could go for new HH.
OIL-BUY strategy 8-hourlyOIL has moved lower on the perception that we may eventually come to a conclusion. Technically it always was a SELL at higher levels, but markets always take it too far, until it realizes we are overdone.
Stochastic slightly negative, but SMI shows oversold status and RSI not extremely oversold, still feels we are closer to a bottom short-term than not.
Strategy6 BUY @ $ 67-68.50 and take profit near $ 73.50 for now. SL based on personal preference.
