Crude Oil LongLooks high RR, 4H/daily break up, recent big wick on 4H after sell off candle, support on the left
CLH2025 trade ideas
USOIL it will go down and then up the price movement of WTI Crude Oil (USOIL) on a daily timeframe. It highlights a range between approximately 66.70 and75.21, suggesting potential price targets. The market is currently trading near the 71.41 level, within this range. A breakout above75.21 could indicate a bullish trend, while a drop below $66.70 might signal a bearish move. The chart suggests a period of consolidation with possible directional movements in the near future.
OIL - Up or Down?Oil was going up for the last leg of the bull run in 2000 and 2007.
I think I'd prefer oil breaks higher for the stock market.
But with Drill Baby Drill , prices should go down with the increase in supply.
WTI/Crude Oil targetCrude oil has a big chance to go up until 72-73 line.
It will cause some trouble while going up, but it is time to put some positions in your cart.
Crude oil will not fall below 60 based on current geopolitic situations across OPEC+ nations and most importantly, Trump.
Regardless of crude being replenishable natural resources, it is used mostly in every different aspect on our daily life gadgets and things starting from your door and skate board to industrial usages. Machines cannot be operated without this.
Start buying in, and book your first profit on 72-73.
Further signals will be announced later.
Could the price drop from here?WTI Oil (XTI/USD) is rising towards the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 72.97
1st Support: 69.54
1st Resistance: 75.99
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US OIL LONG RESULT This is actually a scalp trade I took after Price rejected from our 2nd TP and support.
Noticed a Minor liquidity grap and Followed up with the move.
Also as you can see our short trade is still running, NPF news didn't take us out as I feared so we still holding strong, let's see how Price moves when market opens 💪
Oil - Buy opportunities if price stands on hourly key resistant There will be more Buy opportunities if price stands on hourly key resistant, which is hourly revise pattern. once formed, the target TP will be daily resistant.
Hello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck!
Intraday Trade: US Oil SellTrend analysis:
H4, H1, M30, M15 is bearish
M30 TF: Price is rejected by the resistance and fibonacci area as shown by the engulfing candle
M15 TF: There is a triple top pattern with liquidity sweep and price has pulled back and is rejecting from the FVG + Fib area
My trading plan:
Entry: 71.07
SL: 71.81
TP: 69.59
TVC:USOIL
Disclamer on
Trade on your own risk
US OIL CONTINUE BEARISH 66Hey there on 4HTF US oil change there ways and we may see continue there dump candle bearish level
First we can see there selling pressure area is 72 and 73 and last 74 where we can see a huge waterfall and will reach first 70-68-66
So in the uspide we could possibly see after from 75 and 77-79-81
So we have seems this trend line continue bearish candle and go downside continue
Good luck and follow comment and like for more updates and analysis
Oil bearish scenarioThe oil price is on shaky ground and could easily fall below the four-year support zone. The price of oil would drop to $60.00. The announcement of the US-China, US-Canada-Mexico, and US-EU trade war will cause us to see a lower flow of goods globally, and therefore, we will see a decrease in the demand for oil. In such a scenario, oil will continue to fall to $50.00, where we were in January 2021.
Crude Opportunities: A Strategic Oil Trade Idea The intermediate-term swing has broken out of this retail wedge pattern and traded up to the 78% Fibonacci retracement (Optimal Trade Entry - OTE). As we reached this level, we saw clear signs of smart money entering the market. Additionally, price action took out equal highs, confirming liquidity grabs.
From here, we've retraced down into the top of a Continuation Breaker Block with an IFVG (Inversion fair value gap) confluence—and guess what? There's another OTE right there.
This setup signals a strong bullish continuation as we tap into this IFVG/Continuation Breaker zone.
📈 If you want to learn more about the Continuation Breaker, follow me and stay tuned! 🚀
WTI - buy here or wait for 68$ My analysis of WTI in early December was good and it did wat I expected, but a stupid stop kicked me out it wave 2.
Then got the perfect entry for the short at 80.5 but didn't hold long enough...
So what to do next ? Could buy it here at the 0.236 retracement but I'd rather buy at 68.5 with a stop at 67.
Always keep in mind there is also politics involved here. Oil producers need higher prices to be profitable but on the other hand they want the price of oil to drop so Russia cannot sustain their war in Ukraine.
USOIL BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are going long on the USOIL with the target of 75.15 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
Crude Oil (WTI) expected bearish trendThis symbol has ben analysed on an hourly time frame where it can be seen making a double top after bearish divergence. The entry can be taken at the break of a neckline.
Oil longsComing from a trend break, im expecting 71.71 and max tp 72.00 and on words.
Bonce of the fib retracement. might expect pull back at this time before an upwards move.
Retest on Asia high
IFVG on the 5min
75 fib retracement//
Targeting 71.71-72.30
risk 15-20 pips
Crude continues to slideCrude prices were a touch firmer in early trade this morning. They were at this time yesterday too, but sold off later in the day to record another negative session. With front-month WTI trading below $71 per barrel, the price has broken below several possible levels of support, all of which acted as resistance over the last four months of 2024. Crude is now approaching the 76.4% Fibonacci Retracement of the six week rally which began in early December. If it is unable to find support here, then a return to last year’s lows around $65 can’t be ruled out. The daily MACD has plunged from the overbought levels seen three weeks ago, yet is far from being oversold. Fundamentally, it seems that crude just can’t get a break. Supply remains plentiful, and could be more so if US producers heed President Trump’s call to: ‘Drill, baby, drill.’ Mr Trump’s tariffs on China, and tariff threats elsewhere, haven’t helped. At the same time, the outlook for demand growth looks uncertain as China, the world’s biggest energy importer, struggles to cope with its economic slump, caused by the implosion of its real estate sector.
Crude Oil Short Trade Idea
I’m considering a short position on crude oil , driven by two key macroeconomic factors:
China’s Economic Slowdown : Weakening demand from China, the world’s largest oil importer, continues to pressure oil prices. Recent data shows slower-than-expected economic recovery, signaling reduced energy consumption.
Easing Geopolitical Tensions: With Middle East geopolitical risks subsiding, concerns over potential supply disruptions have diminished, adding to bearish sentiment in the oil market.
Let me know your thoughts or if you’re seeing additional factors that could influence this trade! 🛢️📉
WTI Oil H4 | Pullback resistance at 50% Fibonacci retracementWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 71.98 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 73.50 which is a level that sits above a swing-high resistance.
Take profit is at 69.58 which is a swing-low support.
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Potential bullish rebound?WTI Oil (XTI/USD) is reacting off the pivot which has been identified as a pullback support that aligns with the 78.6% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 71.52
1st Support: 69.32
1st Resistance: 73.87
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USoil is at right spot to go long !!!Level 70.50 going to be crucial
70-71 being the area which was long before a resistance on higher time frame now could be acting as support which has good probabililty along the way price also tapped into unmitigated demand zone which might be clearing the leftover supply that came from top
on the long side we can aim at the target of 74.50 which is almost 5%
and 77.50 which is 10%
so USOIL could be good bet for swing trade
Will sanctions stabilize oil prices amid rising supply?Fundamental Perspective:
Crude oil prices face downward pressure as US production rises, fueling concerns over an oversupply. Recent data showing a significant increase in stockpiles has only intensified these worries. However, tightening sanctions on key oil suppliers and price hikes from major producers offer some support, helping to cushion the price decline. Geopolitical factors, including ongoing trade tensions, add layers of uncertainty, though the direct impact on global energy imports remains limited.
Technical Perspective:
USOIL extended its decline following a breakout of the ascending trendline. If the price sustains its bearish momentum, a further decline toward the following support at 69.00 may occur. Conversely, a close above 72.00 could prompt a further rise to the following resistance at 75.00.
Author: Li Xing Gan, CMT, CFTe,
Financial Market Strategist Consultant to Exness
Go long in crude with lower Chanel low aa slHere I'm share my study on crude I'm expecting reversal and good bulllish move as of now .
Let see where will land
