USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Crude Oil
CRUDE OIL (WTI): When the Gap Will Be Filled?
I strongly believe that a huge Monday's gap will be filled.
The confirmation that I am looking for is a breakout of a resistance
line of a horizontal range on a 4H.
4H candle close above the yellow structure will indicate
the strength of the buyers and make the market finally start rising.
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Oil prices may fall more than expected.I think Brent crude oil prices will continue to fall.
In the coming years, renewable energy could steadily reduce demand for Brent crude oil.
* What i share here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose all your money.
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
CRUDE OIL (WTI): Bearish Trend Continues
WTI Crude Oil may continue falling after a test of a key daily resistance.
A breakout of a support line of a bearish flag gives us a strong bearish confirmation.
With a high probability, the price will drop to 68.9 level.
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WTI "US CRUDE OIL" Market Heist Plan on Bearish SideOla! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist WTI "US CRUDE OIL" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15 mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 2h timeframe
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Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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WTI rebounds to test key resistanceCrude oil prices have rebounded by over 3% so far this week, though risks remain tilted towards the downside following a 9% drop the previous week. WTI crude has now reclaimed the crucial $70.00 level, but still below the broken support $71.50 to $72.50 area, which it was testing at the time of writing.
Middle East tensions have slightly stabilized as Israel has so far refrained from attacking Iran and has said it will not target its nuclear facilities. However, the situation remains volatile due to Israel’s ongoing operations in Lebanon, which has reignited concerns about disrupted oil supply.
Meanwhile, China's additional stimulus measures, including lending rate cuts, aimed to revive growth, has also helped to support oil prices, but not significantly so. The market is also cautious about a possible Trump victory in the US election, as his policy of boosting oil production could lead to oversupply and further price declines.
From a technical standpoint, WTI remains bearish for now. Significant resistance is seen nears $71.50 to $72.50, while the first line of support now comes in near $70.00 and further support level is seen around $68.00. A potential break below $68.00 could trigger a sharp move down to $65.00, which may not be out of the question given concerns over rising global supply and weakening economic conditions.
By Fawad Razaqzada
WTI OIL Higher Lows held. Strong rebound is expected.WTI Oil (USOIL) is about to complete an Inverse Head and Shoulders (IH&S) pattern whose Head was right above the Higher Lows trend-line.
An imminent break above the 4H MA50 (blue trend-line) will confirm the start of the new Bullish Leg towards the Resistance Zone. Our Target remains 78.50.
Notice how the 4H RSI has already broken above its Lower Highs trend-line, as it did on the September 09 break-out.
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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
Light Crude Oil Futures: Bulls vs. Bears – Big Moves ComingAlright, trading fam, let me set the scene. We’re sitting at $69.40 right now, and the market is coiling like a wave that’s either going to barrel or wipe out everyone trying to ride it. This is one of those setups that makes you lean in because, whichever way it goes, it’s going to be a ride. You ready?
Bearish Path – Things Could Get Real Slippery
If the price slips below $62.30, it could open up a steep drop to as low as $17.12. Yeah, that’s a long way down. It’s like paddling into the wrong break and realizing there’s no way out without eating sand. If the bears manage to break that key support, all bets are off. Think demand drops, rising inventories, or a stronger dollar that sends oil spiraling lower. Traders who’ve been short are already eyeing this level—if it breaks, they’ll be riding that wave all the way down.
Bullish Path – Eyes on the Double Top
But here’s the flip side: if the bulls show up and break through $89.10, we’re talking about a potential double top formation. And if that double top gives way? It’s all gas, no brakes, with $129.25 in sight. It’ll take some momentum to push through—maybe supply cuts or geopolitical tensions—but if the bulls catch that wave, it could be a smooth ride to higher levels.
What’s the Move?
Right now, it’s all about staying patient and reading the flow. If $62.30 holds, you know the bulls still have some fight in them. But if they lose that level, the bears are going to have a field day. On the other hand, if the bulls break through $89.10, it’s game on to higher highs. This is one of those trades where the chart is giving us clear levels, and now it’s just a matter of who takes the wheel.
If this breakdown gave you some clarity, follow, share, and pass it along to anyone else riding these markets. Let’s keep an eye on these levels and catch the right wave when it comes.
Mindbloome Trader
USOIL Faces Resistance: Bearish Trend if Pivot Retest FailsUSOIL Technical analyze
The price is currently below the pivot line at 71.78, indicating bearish sentiment. There is a possibility for a retest of the pivot area around 71.78 to 72.72. If the price fails to break and sustain above this area, it is likely to continue downward.
If the retest confirms resistance at the pivot line, the price may move towards the support level around 68.79. A break below this level could further extend the bearish trend, targeting lower support zones.
Best Direction:
Bearish: If the retest fails and the price holds below 72.72, the direction favors a move toward lower support levels, beginning with 68.79.
Bullish: If the price breaks and holds above 72.72, it may attempt to target higher levels, but this remains less likely under current conditions.
The overall bias remains bearish unless the pivot area is decisively broken.
Key levels:
Pivot Line 70.90
Resistance lines: 71.78, 72.72, 74.20
Support Lines: 69.90, 68.80, 65.90
Trend Outlook:
- Bearish while Under 70.95 and 71.78
- Bullish above 71.78
CRUDE OIL (WTI): Short-Term Bearish Sentiment
Crude Oil looks bearish after a breakout of a key daily horizontal support.
The next key supports are 68.5 - 69.2 and 66.4 - 67.4.
The price will most likely continue falling, at least to the first support.
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WTI crude hints at cheeky bounce to $72WTI has fallen over 11% in seven days, and the loss of momentum around $70 could appeal to bullish swing traders. We're not looking for anything heroic here given the mixed signals on futures positioning, but it might be able to deliver a cheeky bounce higher over the near term.
MS.