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WTI Crude (OIL) / US DollarWTI Crude (OIL) / US DollarWTI Crude (OIL) / US Dollar

WTI Crude (OIL) / US Dollar

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Wti - Us Crude Oil Spot - Important LevelsImportant Levels For WTi The chart highlights a detailed application of Gann techniques to analyze WTI movements. Using the Jinny Gann indicator, critical price angles (e.g., 45°, 90°, 135°, 225°, and 360°) are plotted, revealing symmetrical resistance and support levels. Key Observations: Gann Levels: Horizontal levels represent important price zones derived from Gann’s methodology. These levels act as significant support or resistance Jinny Gann Grid : The grid formed by the diagonal lines provides a framework for understanding the balance between time and price. The stock has been respecting these lines, suggesting the relevance of the Gann grid in its price behavior. Lots of times you can relay on the Grid trends and Start Drawing Classic Channels using its angles! Wish you Best of luck
CFI:WTI
by Magic_xD
USOIL Weekly Analysis 9-13 DecemberSo TVC:USOIL continued its fall previous week too. For the upcoming week, my bets are on the upside, these are the keypoints of observation leading to this. 1. Since last 7 weeks, Crudeoil is stuck in a box range, and also the contracting triangle pattern is in the verge or breaking out / breaking down, so we can expect big moves that would possibly take crudeoil out of this box. 2. Nov 11-15 week, Market consolidated in range, grabbed buyside liquidity first, then the sell side liquidity and the week after that, market gave the one-sided move upwards. 3. From 27Nov till last friday, price formed similar structure where it collected buyside liquidity first, then sellside liquidity in the friday fall. 4. Currently the price is trading near a very important demand zone, so a move towards upside is expected. 5. China's inflation rate and PPI data comes out on Monday 7 Asia session, which can be a trigger for monday move. 6. US CPI data comes out this wednesday, which can act as a major trigger in breaking the trendline resistance above and price moving up to take out liquidity near 72.80$ 7. As 25bp rate cut is largely expected in the next Fed meeting, the CPI data will be crucial in taking that decision, and this will weaken the dollar and is bullish for crudeoil, so that could be a major trigger onto breaking the resistance and moving up. Conclusion: So there are some key data coming this week, China PPI data and Inflation data which can signal some bullishness if the economy is strong and there is demand and also US CPI data which will also affect crudeoil price. Technically, we are in a strong demand zone, and as we collected liquidity from buyside and sellside last week, chances are more we head for upside this coming week. Watch out for resistances at 68$, 69$ and 70$, break of which can lead to nice upside rally. What are your thoughts? NB: Not a financial advise, this is just my observation and only for educational purpose.
TVC:USOILLong
by shakeelmohamed
1
TradeCityPro | WTI Analysis Fundamental and Technical Insights👋 Welcome to TradeCityPro Channel! Let’s step away from the crypto space and analyze West Texas Intermediate (WTI) from both technical and fundamental perspectives. 🌍 Fundamental Overview Supply Dynamics: U.S. shale oil production and OPEC+ decisions are key drivers. Escalating tensions in the Middle East, such as the Israel-Gaza conflict or Iran-related sanctions, pose significant risks to global oil supply. Demand Trends : Economic growth and seasonal fluctuations influence demand, but the rise of renewables signals a gradual reduction in reliance on crude oil. Geopolitical Factors : The Middle East, a hub for major oil producers, heavily impacts markets. Regional conflicts often lead to price spikes due to supply concerns. Macroeconomic Trends : A stronger U.S. dollar and rising interest rates suppress oil demand, while inflationary pressures support higher prices. Recent instability in the Middle East has heightened market volatility, underlining WTI's sensitivity to geopolitical events. 🕒 4-Hour Time Frame In the 4-hour timeframe, WTI has been trending downward, nearing a key daily support level at 66.938, which has held multiple times and may attract buyers, shifting momentum. 📈 Long Position Trigger wait for the 4-hour trendline breakout and trigger confirmations, such as RSI exceeding 73.48. The current 4-hour candle breaking the trendline could signal entry. 📉 Short Position Trigger if the candle is rejected and turns red with strong bearish momentum or breaks below 66.938, it could trigger a sell opportunity in the market. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
BLACKBULL:WTILong
by tradecitypro
6
CTKS Method Analysis: Oil Prices in FocusCrude oil is stuck between two structural monthly resistance lines (blue). On the daily chart, there’s a descending broadening wedge with a 50/50 breakout ratio — not very helpful as a leading indicator. A breakout could surprise the market and have a massive impact, as one of the CTKS Masterclass rules emphasizes: consolidation fuels explosions 💥 Scenarios: 🟢 Positive: Break above $72-$73 → strong bullish momentum 🟡 Neutral: Price stays between $67-$72 → consolidation 🔴 Negative: Break below $67 → potential drop toward $60 Given current conditions, I expect a neutral scenario with potential for a bullish breakout in January. Where do you think oil will end this month? #CTKSmethod #Oil #Trading #MarketAnalysis
TVC:USOIL
by AlphaHarbinger
OIL: Three days breakout traders long in the market Hello traders and hope you are doing good! Today I would like to analyse deeply this market, trying to understand the logic behind my thesis. Do not forget to support and comment my idea, nothing change to you, but is really supportive to me. Overall, OIL looks like potentially going to complete a two weeks dump and pump template, and especially today with CPI and OIL major red news on calendar, it can be pretty interesting, but let's go deeper. The last week, since Wednesday the market drastically dumped down, breaking on Friday the low of week and closing the day/week in breakout, with short traders in the market. Now, typically, depending on the behaviour of price, the market can keep going breaking lower or reversing if volume is trapped down low, as it happened in this specific scenario. I would say then, that the low of week can be locked and it may start the reversal process, going to stop short traders from Wednesday. Monday, in the new week, the market placed a higher high (because it broke the Friday high of day), closing the day as first green day, which is a strong signal of market reversal. Tuesday, volume was trapped almost all the day below Monday closing price, and a dump and pump session setup pushed the price even higher! Wednesday, today, market kept breaking higher, potentially higher time frames long traders are driving this move. Let's discuss about the thesis, as you may already know, I do not predict the market, but I just show what it can be (as per my criteria) the highest probability setup, setting for the day. The long thesis, which is my current and main view, targeting the previous HOW, could be really interesting if the price will dump down into the low placed in London session, consolidating till 10:30am OIL news release for a buy low long trade setup, which I will be really willing to take. However, the market can consolidate up high into the current HOD/HOW, for a short scalp back into any higher level long, for example low of London or yesterday closing price, but I will be updating this analysis every hour from the beginning of NY session 8am NYT. Remember, I do not predict any movement but I only trade setup! See you later every one and let me know if you need any clarification!
PEPPERSTONE:SPOTCRUDELong
by GianniPichichero
1
US OIL Trade Log WTI Crude Oil 1H Short Setup Trade Idea: - Bearish wedge forming with price stalling in the 1H FVG (premium zone). - Confluence: - Bearish Divergences: CVD and RSI confirm weakening momentum. - Macroeconomics: Fundamentals lean bearish; CPI results pose a potential risk. - Risk-Reward: Tight stop above the FVG. Targeting a 1:2.55 RRR down to liquidity grab zones below $68. Quick Take: This setup aligns technical weakness with fundamental caution. Stay nimble with CPI in play—adapt if the macro picture shifts. Target lower liquidity pockets if rejection confirms!
OANDA:WTICOUSDShort
by Fondera
4
USOIL BULL Triangle The oil chart is showcasing a large triangle pattern within a smaller triangle, and the breakout of the smaller triangle to the upside strongly suggests that the larger triangle will also be broken. This breakout signals the potential to target significantly higher levels. Additionally, the bottom has been tested approximately four times, with the last test clearing out all liquidity. Now, the chart appears to be gearing up for a major upward move after a prolonged accumulation phase. As for my perspective, I’m betting on oil’s rise rather than its decline, even though the current triangle formation is typically a bearish (descending) triangle. The second entry opportunity will present itself after the larger triangle is broken and confirmed through a retest. Note: I don't care about the count if it right or not don't comment on that please
BLACKBULL:WTILong
by hakimbo989
WTI Oil H4 | Potential bullish bounceWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 68.47 which is an overlap support. Stop loss is at 67.59 which is a level that lies underneath a pullback support. Take profit is at 69.66 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILLong
by FXCM
USOIL MARKET ANALYSIS AN DPRICE DIRECTIONUSOIL, has finished Renegotiation at the Rejection zone, there is a reorder already. The market is at the at the 61:8% discount price. Its a perfect entry for the Bulls. The price may retrace little and continue on the Long Journey. First Take profit is at the Trend Line Liquidity and second Take Profit is at The Renegotiation Resistance to clear off the Buyside Liquidity. Entry, Take profit 1 and 2 , stop loss are clearly stated on the Chat. GOOD LUCK GUYS!
FX:USOILLong
by Akpambang
WTI Oil H4 | Falling to multi-swing-low supportWTI oil (USOIL) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 66.90 which is a multi-swing-low support. Stop loss is at 66.23 which is a level that lies underneath the 127.2% Fibonacci extension level. Take profit is at 68.51 which is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILLong
by FXCM
Technical Analysis of Crude Oil (WTI) on the Daily Timeframe 1DOn the daily chart, we can observe the formation of a symmetrical triangle pattern , where the price has reached the bottom of this pattern, aligning with a key support level at $66.06. This level has historically acted as strong support, preventing further declines. Additionally, the Stochastic oscillator is near the oversold zone , indicating a potential decrease in selling pressure and a likely rebound in demand at this level. Considering these factors, I anticipate that the price will break out of the triangle to the upside and continue its bullish movement toward the next resistance level at $78.10 . However, as always, there is no certainty in the market, so proper risk management is essential. This analysis is intended for educational purposes and as an idea for further exploration. The final trading decisions are the responsibility of traders. Targets: Resistance ahead: $78.10 Stop-loss: A break and close below the $66.06 support level What are your thoughts on this analysis?
BLACKBULL:WTILong
by bir368
3
USOIL CLEAR TRIAGLEThe outlook for USOIL is extremely bullish as it is potentially completing the Elliott Wave B as a contracting triangle. This pattern often signals a powerful continuation toward the primary trend once Wave C begins. The Ending Triangle structure indicates that the market has been consolidating in a compressed, corrective pattern, and we are likely nearing the final stages of this consolidation. As Wave B nears its end, it sets the stage for a strong breakout to the upside. Given that oil experienced substantial upward momentum nearly 2 years ago, the market is positioned for a significant surge once Wave C unfolds. The key to this bullish outlook lies in the fact that Ending Triangles often lead to sharp moves in the direction of the dominant trend, which in this case is upward for USOIL. Once Wave C begins, it could propel prices toward new highs, potentially breaking through key resistance levels and establishing a fresh bullish trend. Moreover, the wave structure suggests a well-organized market, with, I believe institutions building large positions in the energy sectors for a larger move. The completion of Wave B indicates the final corrective phase before an explosive rally, providing an excellent opportunity for traders to position themselves for a breakout. The market is poised for a major upward thrust, and the overall sentiment is aligned with a potential rise in oil prices.
TVC:USOILLong
by FreedomBuilder
Bearish drop?WTI/USD has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 68.74 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retraecment. Stop loss: 70.41 Why we like it: There is a pullback resistance level. Take profit: 67.09 Why we like it: There is a pullback support level that aligns with the 127.2% Fibonacci extension. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:USOUSDShort
by VantageMarkets
Oil prices rebound on expectations of Chinese economic stimulus Oil prices rebounded as Chinese authorities demonstrated their strong will to stimulate the economy. Chinese authorities announced that they will continue to respond to the economy with a more active fiscal policy, focusing on expanding domestic demand and stimulating consumption. Meanwhile, Aramco announced it would cut its OSP for Asian refineries to 90 cents lower per barrel. This is the lowest since Jan 2021, when global demand was weak due to the pandemic. USOIL briefly broke below the support at 67.60 but rebounded, compensating some of the decline. However, the price stays within the downward channel, maintaining bearish momentum. If USOIL breaks below 67.60 again and the channel’s lower bound, the price may fall further to 64.80. Conversely, if USOIL breaches above EMA78 and the channel’s upper bound, the price could gain upward momentum toward the 70.00 threshold.
TVC:USOIL
by inkicho_exness