Light Crudeoil Futures hourly trend forecast for March 24, 2025According to my analysis, this commodity is at its strong resistance at 68.46 and the likely support levels are at 67.56 and 66.83.
According to my "Advanced Market Timing" indicator, Light Crudeoil Futures is likely to see a bearish trend and then bounce back.
Those who trade are suggested to use your own technical studies for entries, stops and exits.
Crude Oil WTI
WTI - Positioning for Upside After Anticipated CorrectionThe US Light Crude 4-hour chart shows price action currently oscillating near the $68,60 level after recovering from early March lows. The recent price structure suggests we may see a short-term pullback before a stronger upward move develops. The chart indicates a potential bullish scenario with price expected to eventually rally toward the blue reaction zone (around $69,00-$69,50) after a possible retracement. This anticipated upside move is supported by the higher lows forming since mid-March and the overall recovery pattern from the $65,67 support level (marked by the red line). A prudent approach would be monitoring for reversal signs at lower levels before positioning for the higher probability move toward the blue reaction zone, with the orange resistance at $70,77 serving as the ultimate target if bullish momentum accelerates.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USOIL Technical Analysis! SELL!
My dear friends,
My technical analysis for USOIL is below:
The market is trading on 68.25 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish Bearish continuation.
Target - 67.21
Recommended Stop Loss - 68.91
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
USOIL in Limbo: Will 66 Holdor70 Break? Next week, the trend of USOIL still remains highly uncertain. Technically, the current price is continuously fluctuating within a range. Around $70 serves as a strong resistance level, while $66.05 is a key support level.
Fundamentally, the tense geopolitical situation and the supply decisions of OPEC+ provide some support for oil prices. However, the slowdown in global economic growth, coupled with the increase in US crude oil production, exerts downward pressure on oil prices.
Barring unforeseen events, USOIL is likely to trade in the range of $66 - $70. Once the key levels are broken through, the direction of the trend will become clear. In terms of trading operations, it is recommended to adopt a "buy low and sell high" strategy within the range of $67.5 - $69.5.
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
USOIL SHORT FROM RESISTANCE
USOIL SIGNAL
Trade Direction: short
Entry Level: 68.25
Target Level: 65.67
Stop Loss: 69.99
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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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
WTI Crude Oil The Week Ahead 24th March '25WTI Crude Oil bearish & oversold, the key trading level is at 69.50
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USOIL: Short Trade with Entry/SL/TP
USOIL
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short USOIL
Entry - 68.25
Sl - 68.94
Tp - 67.09
Our Risk - 1%
Start protection of your profits from lower levels
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WTI CRUDE OIL: Hard rebound on 1.5 year support targeting $72.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 48.748, MACD = -1.080, ADX = 23.603), which indicates the slow transition from a bearish trend to bullish. This started when the price hit the S1 level, a 1.5 year Support, and bottomed. The slow rebound that we're having since formed a Channel Up on a bullish 1D RSI, much like the one in September 2024, which eventually peaked after a +10.70% price increase. A similar rebound is expected to test the 1D MA200. The trade is long, TP = 72.00.
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USOil The Final dealBased on current market conditions, we predict an upward movement for USOil.
The first resistance level is set at 69.000. This level has proven to be a significant hurdle in previous price actions, with selling pressure often emerging as the price approaches it.
However, given the current positive momentum, there's a strong likelihood of breaking through this resistance.
On the downside, the primary support level stands at 67.000. This level has been tested multiple times and has held firm, acting as a floor for the price.
Below this, we have a second support at 66.500. This secondary support is crucial as it provides an additional buffer against significant price drops. If the price manages to stay above the 67.000 support, the upward trend is likely to continue towards the 69.000 resistance and potentially beyond.
💎💎💎USOil 💎💎💎
🎁 Buy@67.500 - 67.700
🎁 TP 68.800 - 69.000
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed,Follow the link below to get my daily strategy updates
OIL Today's strategyCurrently, crude oil prices are fluctuating near the resistance level. Recently, the increase in US crude oil inventories has affected the supply dynamics and exerted certain pressure on oil prices. However, overall, the geopolitical tensions and supply risks have a relatively significant supporting effect on oil prices at present.
OIL Today's strategy
sell@68.5-68.8
buy:67.2-67.6
There are risks in trading. If you are not sure about the timing, it is best to leave me a message. This will better confirm the timing of the transaction, It can also better expand profits and reduce losses
CRUDE OIL Free Signal! Sell!
Hello,Traders!
CRUDE OIL made a sharp
And sudden move up
And it seems that it will
Soon hit a horizontal
Resistance level of 68.80$
From where we can go short
On Oil with the TP of 67.67$
And the SL of 68.87$
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
WTI Possible Scenarios:
1- Bullish Scenario:
If the price holds above 66.160, it could push towards 67.900, filling the Fair Value Gap.
A break above 67.900 could confirm further upside potential.
2-Bearish Scenario:
If price breaks below 65.800, it could signal further downside towards 65.500 or lower.
The trendline resistance could push price lower if rejection occurs.
Entry Zone: Around 66.160.
Stop Loss: Around 65.800.
Target Price: Around 67.895.
Crude oil bears pounce again and enter the 3-5 waveJudging from the current trend, although crude oil is in a short-term rebound phase, the overall bearish trend has not changed.Personally, I think the 3-4 wave rebound is likely to have ended, and the MACD indicator shows that the rebound momentum is weak. Therefore, today's operations should focus on shorting the rebound and seizing the falling opportunity of the 3-5 wave.
Suggestions:
1. Go short at $67.20, stop loss 30 pips, take profit $64.80.
2. If the short position of strategy 1 is stopped out, go short again at $67.85, stop loss 30 pips, take profit $66.
3. If the market falls below $66 before 16:00, you can go short at $65.90 with a stop loss of 30 pips to $66.90.
USOIL Strategy AnalysisInternational crude oil prices have been trending sideways-to-downward recently. As of March 19, WTI crude oil was priced at $66.58/barrel, marking a cumulative decline of over 7% since the beginning of the year. The current core market contradiction focuses on the dual pressures of loose supply expectations and divergent demand prospects.
Oil trading strategy:
sell @ 68.2
buy @ 66
If you are currently unsatisfied with your crude oil trading performance and need daily accurate trading signals, you can visit my profile for free strategy updates every day.
USOIL BULLISH BIAS RIGHT NOW| LONG
USOIL SIGNAL
Trade Direction: long
Entry Level: 66.30
Target Level: 67.73
Stop Loss: 65.34
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 4h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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