WTI CRUDE OIL – Bullish Continuation Ahead?TVC:USOIL is currently trading within an ascending channel, with price recently bouncing off the trendline support after a corrective move. This rebound suggests that buyers are stepping in, maintaining the bullish structure within the channel.
If the bullish momentum continues, we could see a move toward 70.10, which aligns with a key resistance level within the channel. This level could serve as a potential short-term target before a possible reaction from sellers. A clean breakout above the resistance zone could open the door for further upside. However, a failure to sustain this upward push could lead to another retest of the lower boundary.
Traders should watch for bullish confirmation signals such as higher lows, strong bullish candles, or increasing volume before considering long positions.
If you agree with this outlook or have any additional insights, feel free to share your thoughts!
Usoillong
OIL Today's strategy
It fell again near the test $70 level, proving that the resistance level is effective.
We can go short and buy near $70
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Continue to be bearish.Supply : The United States has intensified its energy sanctions against Iran. Attacks on Saudi facilities have affected their performance. The OPEC+ will gradually lift the voluntary production cuts starting from April and may increase production for the second time in May. The 30-day ceasefire agreement between Russia and Ukraine has not been effectively implemented in substance. However, recently, the United States, Russia, and Ukraine have reached some consensus on Black Sea navigation and the protection of energy facilities.
From a technical perspective, when the price repeatedly encounters resistance below an important resistance level and fails to achieve an effective breakthrough, it is often a bearish signal. This implies that the selling force in the market is dominant. Once the price starts to retrace due to its inability to break through the resistance, it may initiate a downward trend. Therefore, based on the strong resistance level at 70.000, there is a certain basis in technical analysis for a bearish outlook.
💎💎💎 USOIL 💎💎💎
🎁 Sell@70.000 - 70.200
🎁 TP 68.5 68.0 67.5
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USoil: Today's Trading StrategyUSoil is currently maintaining a relatively good oscillating upward trend along the short - term moving average on the daily chart. On the daily chart, we should pay attention to whether there is a continuous upward trend after a small - scale retracement for confirmation. In the short term, we should focus on the pressure zone around 70.2. It is recommended to go short.
Sell USOIL at 70.2
SL: 71.0
TP: 69.5
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USOIL Strategy DiscussionThis week, we've analyzed the reasons behind the short - term strong performance of crude oil. We specifically remind you to pay attention to the price movements within the range of $68.5 - $69.5.
Once again, we advise you to observe more and trade less.
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OIL Today's strategyUSOIL has been fluctuating continuously between $68.5 and $69.5. Bulls and bears are locked in a battle. You can consider buying when the price nears $68.5.
USOIL
buy@68.3-68.7
tp:69.5-70
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OIL Today's strategyThis week, crude oil has been continuously fluctuating within the marked range, with bulls and bears contending with each other. It is necessary to pay more attention to the influencing factors.
we advise you to observe more and trade less.
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USOil: Today's Trading StrategyCurrently, in the daily chart trend, crude oil continues to maintain a slightly bullish sideways trend along the short-term moving averages. At the hourly level, there is no clear trend. You can go long near 68.7.
usoil buy@68.7-68.8
sl: 68
tp: 69.6
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USOil: Today's Trading StrategyUSoil is currently maintaining a slightly stronger oscillating trend along the short - term moving average in the daily - line chart. There is no clear trend in the hourly - level chart. You can go long around 68.7.
Buy USOIL at 68.7 - 68.8
SL: 68
TP: 69.6
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USOIL:Bide one's timeThis week, we've analyzed the reasons behind the short - term strong performance of crude oil. We specifically remind you to pay attention to the price movements within the range of $68.5 - $69.5.
Once again, we advise you to observe more and trade less.
We share various trading signals every day with over 90% accuracy
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USOIL: Rally, Resistance, and Technical ReversalThe recent trend of USOIL has been continuously rising in a volatile manner, and the current intraday price has reached a three - week high.
Currently, the bullish sentiment in the market is greatly influenced by fundamental news, mainly due to the combined effects of the United States increasing sanctions on Iran's energy and the ineffective and substantive implementation of the 30 - day cease - fire agreement between Russia and Ukraine.
Analyzing the short - term trend from the one - hour chart of USOIL, during the US trading session last night, the crude oil price surged again, hitting the resistance of $69.5 in the market. However, after encountering resistance, part of the bullish momentum took profits and fled, and the price slightly retreated to the support of $69 without further decline.
After today's opening, the bullish momentum was obviously insufficient, and the price did not rise further. The upper track of the Bollinger Bands extended downward, exerting pressure. The moving average of the Macd indicator formed a cross at a high level and has a downward extension trend, and the momentum column began to release downward.
USOIL Trading strategy
Sell@69.5-69
tp:68-67.5
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OIL Today's strategyYesterday, prices were affected by tightening expectations on the supply side, geopolitics and other factors, and the trend was strong, breaking through $69.
Today, it is fluctuating above $69, and another wave of gains is expected. At the same time, we need to pay close attention to the situation in the $68.5-69.5 area and adjust it at any time
usoil buy@68.3-68.7
tp:69.5-70
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USOIL Trading Strategy: Secrets to Consistent ProfitsThe situation in the crude oil market has been complex recently.
On the supply side, it is affected by the uncertainty of the OPEC+ production increase plan, the recovery of U.S. shale oil production, and the potential supply risks in Iran.
On the demand side, due to the weak momentum of global economic recovery and trade disputes, demand has been suppressed. However, the rising market expectations of the Federal Reserve's interest rate cut may boost crude oil demand if the loose monetary policy is implemented.
In terms of inventory, although U.S. crude oil inventories have decreased slightly recently, there is still pressure for inventory accumulation, and the decline in the geopolitical risk premium has weakened the support for oil prices.
In the short - term, the crude oil price was blocked and retraced at the upper edge of the trading range. Eventually, it rebounded and recovered, yet failed to break through to a new high. The bullish and bearish forces are locked in a stalemate. Objectively, the short - term trend direction remains unclear, while subjectively, it is biased upward. It is expected that crude oil will break through the resistance at the upper edge of the range and continue to rise today, though with limited upside potential.
USOIL Trading Strategy
sell@68.5-69
tp:67-66.5
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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.
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USOil Trading SummaryThis oil price rally is not merely the result of short-term supply-demand imbalances but also reflects the fragility of global energy markets amid intertwined trade concerns and geopolitical factors. While U.S. sanctions on Iran and OPEC+ policy adjustments operate in distinct spheres, their combined effects underscore the decisive role of supply-side adjustments in price formation.
Crude oil prices rebounded in the Asian trading session due to multiple factors, poised for a second consecutive weekly gain. The OPEC + production cut plan is expected to significantly tighten global supply, driving prices higher.
USOIL next week's trading strategy
buy @ 66.8-67.0
tp 69.0
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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
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USOIL Strategy AnalysisInternational crude oil markets extended their rebound on Friday, with Brent crude futures breaching $72/bbl and WTI crude rallying above $68/bbl. Weekly closing could mark the second consecutive weekly gain.
Short-term oil prices remain resilient supported by news-driven factors, but the fundamental supply-demand imbalance remains unresolved over the long term. Recommend focusing on technical analysis, participating in range-bound trading with light positions, maintaining strict stop-loss discipline, and avoiding chasing momentum.
Consider initiating light long positions near $66.10-$66.80 with a target of $68.40-$69.00.
Oil trading strategy:
buy @ 66.1-66.8
tp 68.4.0-69.0
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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
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US-OIL Long Buy due to lower SupportHello Traders
In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET
today XTIUSD analysis 👆
🟢This Chart includes_ (XTIUSD market update)
🟢What is The Next Opportunity on XTIUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
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.
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.
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