USOIL TF 4H 31024wait till price come into the zone and break out with big green/red candles entry (TF 2h,4h) SL at previous low/high TP at FibonacciLongby JAYFREYPublished 0
oil fact or fictionoil seems to be reversing. Considering profit taking at key stagesby rockcharts_Published 0
Crude could squeeze furtherIntraday Update: Crude is testing some key resistance which is previous support from June. A break higher would put the descending trend line at $74.20 in play. Longby ForexAnalytixPipczarPublished 0
Crude Oil Technical Analysis - October OutlookCrude oil is showing a notable recovery from its recent lows, currently trading around the $72 mark. A few key observations based on the price action and indicators: Price Pattern and Trend: The chart shows a classic descending wedge pattern, which signals a potential bullish reversal. The breakout from the wedge is accompanied by a price surge above the 20-day and 50-day moving averages, suggesting a short-term trend change. Key Support Levels: Immediate Support : Around $70.64, marked by the breakout level. Strong Support : At $68.23, where significant buying interest has been observed in the past, reinforced by a bullish consolidation zone. Resistance Levels: First Resistance: $72.11, which has been tested, with potential room for the price to move higher if momentum sustains. Critical Resistance : $77.23, which coincides with a strong historical supply zone. A close above this level would signal further bullish momentum . Volume Profile Insight: A noticeable shift in the volume profile near the $70 mark suggests accumulation by institutional investors, hinting that buyers are stepping in to defend this level. RSI Indicator : The Relative Strength Index (RSI) has bounced back from oversold levels and is now showing early signs of positive divergence, supporting the case for an upward move. Geopolitical Factors: With rising tensions in the Middle East, as highlighted in the annotation, traders and investors are pricing in potential supply disruptions, contributing to the recent spike in oil prices. Conclusion: Oil prices may continue to rise in the short term, with $72.11 being a key level to watch. If sustained above this, the next target would be $77.23. However, if prices fall back below $70, we could see a retest of support at $68.23. Given the geopolitical uncertainty, traders should remain cautious of potential volatility. Longby AngshumanSaikiaPublished 1
Crude Oil - LongCrude Oil is trending lower with lower highs and lower lows, though price aggressive bounce backs and retracements indicate a non-trending market. The recent penetration of the 68.00 price level (year to day - low) and retest of the 65.00 level, imply the price is heading lower. However, the price rebounded at the second retest of the level and currently trading at its recent high of 72.00. A further continuation higher is anticipated with the next probable target at 76.00 level where a continuation higher set 78.00 under the scope.Longby Kyriakos_CFTePublished 0
USOIL SELL SHORTStructure: This chart shows a possible bearish setup following a recent rally that appears to be losing momentum as it approaches a resistance area around the 0.618 Fibonacci retracement level. The price action suggests a possible reversal or correction from this resistance zone. Trade Setup: The trade setup suggests a short position, targeting a downward move towards the 70.80 USD area (green zone), which represents the next significant support level. The stop loss is placed at 81.40 USD (red area), just above the recent high, to limit losses if the price breaks through the resistance and continues higher.Shortby Ninjia_KittyUpdated 2
[OIL] On the floorTVC:USOIL is still weak and now dropping towards the floor. A bounce is possible, at least to release the downward pressure a little bit. I see the MACD as the clue, already showing a bit of life. Still bearish, but possible bounce for scalp trades.Shortby moressayPublished 0
Weekly Outlook Sep 30 - Oct 4 $USOILDespite escalating tensions in the middle east, TVC:USOIL keeps declining. The market seems more focused on global economic growth beyond other factors. Now that the US is the largest oil producer, Geo-political tensions have less of an effect on global energy prices. Shortby SolenyaResearchPublished 1
WTI Is Sending Bullish SignsThis is a long setup based on a divergence in the Positive Volume Index and the Negative Volume Index. We see that the PVI is showing a hidden bullish divergence while the negative volume is declining. We select the open POC of the downward movement at around 72.05 dollars as the price target for the long trade.Longby OchlokratPublished 0
Trade idea - USOIL LongBullish impulse / new HH: indication. Inverse Head & Shoulders: Confirmation. Clear support & resistance zone is there. 1H perspective: Corrective approach towards entry zone. = Buy limit. Longby FXKjellUpdated 0
Crude Oil continues the downtrendOn Crude Oil , it's nice to see a strong sell-off from the price of 69.660. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading, Daleby Trader_DalePublished 0
Potential Buy Idea on Us OilPrice came into bearish engulfing + institutional trap candle on 4hr time frame. Once CTL breaks on 30min - 1hr we're clear for an entry. Longby EliSantiagoPublished 0
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 these 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 :-)Longby ShahedZarePublished 0
sell the .382 see chart as i outlined my thoughts ... short in my bias but long till the .382 maybe 618 but she will go down that's a given Shortby ctutun79Published 1
USOILUOIL is in reversal zone Bullish divergece also shown in RSI. This shows that oil price will goes up form here. we wait and watch for the breakout of last LH.Longby Naqash91Published 0
WTI LONG I've decided to open a new long position in oil FPMARKETS:WTI , despite the odds not being particularly favorable. My reasoning is based on observing strong support at the daily Fair Value Gap (FVG), which I had been waiting for to confirm a solid reaction before entering. On the weekly chart, the outlook leans more bearish, and this week’s performance will be crucial in determining the market's clear direction. While the 1-hour chart shows a decent reaction, it’s from a lower timeframe, which doesn’t carry much weight in terms of broader market strength. Looking at the daily timeframe, the market structure is not encouraging. We’ve seen a consistent pattern of lower swing lows, adding pressure to the overall setup. Trading management However, on the 15-minute chart, this trade aligns perfectly with my approach: stop-loss just below the wick, as the candlestick has shown strong respect for this level. My take-profit is targeting liquidity on the buyer’s side. I plan to take partial profits at $71.46 and move my stop-loss to break even. 71.46-->RR: 4.19 74.24-->RR: 7.54 Capital risk: 1%Longby JaytradermbUpdated 0
WTI USOIL Buying Opportunity HYELLO FRIENDS as i can see us oil is trading in uptrend channel and now testing a strong support zone its a great opportunity to buy us oil till design TP today crude oil inventories can boost this trade idea its just an idea share Ur thoughts with us it helps many other traders Longby APEX_TRADING_ACADMEYUpdated 2
USOIL - Near his resistance? Holds or not??#USOIL... market retest his monthly resistance in yesterday and closed below that. And the ressistance was 72.35 around. Keep close that area because if market hold it then drop expected below that. Good luck Trade wisely by AdilHussain731333Updated 0
CRUDE OIL longthe price of Oil just reached a weekly demand level and formed a bullish weekly candle which means from my trading analysis perspective the Oil has to breath and hit the 74.10 , m expecting the next days to be bullish on Oil , keep ur eyes on it Longby OMAR12389Updated 1
Rejected Day Resistance Sell 4H below 200maRejected Day/week Resistance Sell 4H below 200ma 1.5 Ratio Shortby NorthKoreanTraderInPyeongyangUpdated 0
Usoil to head higher...Oil has price has been selling lower until a month supply zone was mitigated. Ever since oil has been bullish, yesterday oil price started to head lower. This low move is expected to test the previous low. If price fail the low, buy order are expected to be at 65.71 to 65.45. This to target the newly created high. by sankomboliluPublished 2
OIL Long - Up & DownMajority is still long however turning slowly into bull mode. We peaked some liquidity spot on the past so I expect some movement up before further declining.Longby Entropie2020Published 0
WTI Price Outlook: Key FactorsThe price of WTI is hovering around $69.60 per barrel, remaining at relatively low levels compared to recent peaks. However, several signals suggest a potential reversal towards an upward trajectory. The reduction in U.S. crude oil inventories, reported by the EIA, was significantly larger than expected, with a drop of 4.471 million barrels compared to the forecasted 1.2 million. This signal of shrinking supply could exert upward pressure on crude oil prices. On the other hand, the effectiveness of recent economic stimulus measures adopted by China, the world's largest oil importer, remains uncertain. If these measures fail to stimulate demand, crude prices could face downward pressure. Additionally, rising tensions in the Middle East, particularly after an Israeli airstrike that killed a Hezbollah commander, increase the risk of a potential supply disruption from the region. From a technical standpoint, WTI is currently in a consolidation phase. If prices manage to break through the key resistance level around $70-72 per barrel, a bullish breakout could occur, supported by increased trading volumes.Longby Forex48_TradingAcademyPublished 111