USOILUSOIL price is near the support zone 62.10-60.89. If the price cannot break through 60.89, it is expected that in the short term there is a chance that the price will rebound. Consider buying in the red zone.
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OILUSD trade ideas
Shorting the USOIL Looking at the longer trajectory of the Oil chart, I am not too bullish and optimistic about its future.
Weekly chart reveals it is still trending down in the channel with mid Jan this year giving the bulls a false hope only to falls further south. I expect the price to slightly moves up to the resistance level (OR higher to create a bull trap) at 66.08 before it comes down again. My profit target is around 51.54.
The risk/reward ratio looks good to me. Always have a STOP LOSS no matter how confident you think you are in your charting. IT is still based on probability from historical patterns and it may or may not repeats itself........Nothing is 100% certain in today's volatile market.
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USOIL:The latest trade strategy: wait for a rebound and go longInfluenced by the breakthrough progress made in the U.S.-Iran nuclear talks over the weekend 🤝, the price of crude oil has dropped to around 61.6 📉. (👉signals👉)
The market's expectation of the return of supply will dampen the speculative bullish sentiment 😕. However, considering that the implementation of the agreement still faces complex procedures 📑, coupled with the unstable geopolitical situation between Russia and Ukraine 🇷🇺🇺🇦 and the fact that the regulation by OPEC has not been fully in place 🤔, the crude oil market will still maintain a pattern of wide fluctuations in the future 📊. Pay close attention to the details of the U.S.-Iran talks 🗣️, the changes in U.S. energy inventories 📈, and the signals from the new round of OPEC meetings 📢.
Trading Strategy:
buy@61.5-61.8
TP:62.5-64
The signals resulted in continuous profits, and accurate signals were shared daily.
👇 signals👇
USOIL BEST PLACE TO SELL FROM|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 63.67
Target Level: 56.31
Stop Loss: 68.58
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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USOIL:Sharing of the Latest Trading StrategiesEIA data shows 📊: U.S. gasoline & distillate inventories plunge ⬇️, (👉signals👉)
while the increase in crude oil inventories is lower than market expectations 🤔, which supports the rebound of oil prices 🔼. Meanwhile, influenced by the new round of U.S. sanctions on Iran's oil exports ⚠️ and some members of the Organization of the Petroleum Exporting Countries (OPEC) committing to cut excessive production 🛢️, oil prices are boosted 💹.
In the short term, the objective trend direction has resumed an upward trajectory 📈, and the bullish momentum is gradually strengthening 💪. If the price stabilizes within the range of 61.50 - 61.80 during the pullback ↘️, one can try to take a long position with a light position 💰. The target prices are between 62.5 and 64🎯.
Trading Strategy:
buy@61.5-61.8
TP:62.5-64
The signals resulted in continuous profits, and accurate signals were shared daily.
👇 signals👇
USOIL: Target Is Down! Short!
My dear friends,
Today we will analyse USOIL together☺️
The market is at an inflection zone and price has now reached an area around 64.411 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 63.338..Stop-loss is recommended beyond the inflection zone.
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CRUDE OIL BEARISH WEDGE|SHORT|
✅CRUDE OIL has formed a
Bearish wedge pattern and
Then made a breakout and a
Pullback so we are locally
Bearish biased and we will
Be expecting a further
Bearish move down
SHORT🔥
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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.
Recent correlation breakdown between $USOIL and $DXYUsually, market watchers will say if the Dollar index TVC:DXY is down then commodities like Crude Oil and Gold should outperform. But recent market events have invalidated this assessment. Since 2022 we see that there is a correlation breakdown between TVC:USOIL and $DXY. These 2 indexes have been moving in tandem recently. In 2025 we saw a massive sale in the TVC:DXY and a similar downturn in the US Dollar index. With TVC:DXY below 100 and TVC:USOIL recently below 60 $, these 2 indexes are clearly indicating a US recession with low Oil demand.
IN this chart we see that the next key support levels in TVC:USOIL is 54 $. If we go below 54 $ then the next level to watch will be 35 $. That will be a recessionary scenario last seen during COVID lows. That can bring down the TVC:DXY to 90 levels. All those will indicate a deep recession which is not my base case scenario. My assessment we will see TVC:USOIL @ 55 $ and TVC:DXY @ 95 and then we will hover around those levels.
Verdict: TVC:USOIL can touch 55 $ if TVC:DXY touches 95.
Crude oil: Narrow oscillation, awaiting breakoutFrom the perspective of the daily chart of crude oil, the moving average system of the medium-term trend is arranged downward, and the objective direction of the medium-term trend is downward. After the oil price touched the low point of 55.20, there has been frequent alternation between long and short positions. In the medium term, the bearish momentum is accumulating, and it is expected to further decline to the level of 50 in the later stage.
In the short term (1-hour chart), the trend of crude oil dropped after hitting strong resistance near 64.90, and the decline has retraced the gains of the previous three trading days. The fast and slow lines of the MACD are within the bearish momentum area, indicating that the downward momentum is abundant. Judging from the primary and secondary rhythms, the decline in the North American market yesterday formed a downward rhythm of the main trend. The oil price rebounded weakly in the early trading session, which is a secondary rhythm. According to the law of alternation between primary and secondary rhythms, it is expected that crude oil will continue to decline today, break below the support at 61.50, and test the level of 60.
Overall, in terms of the trading idea for crude oil, it is recommended to mainly go short on rebounds and supplement with going long on pullbacks. In the short term, pay attention to the resistance level at 63.5-64.0, and in the short term, pay attention to the support level at 61.5-61.0.
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Short on Oil/Back to 57$ SOONI believe we can continue the retest of previous major support level at 65-66$ and fibonacci 0.618. This major support will be flipped to resistance in my opinion. We can see a significant sell-off back towards the 57$ area and below from this location.
I will be looking to enter a short trade from the 0.618 region/66$ if there is a rejection.
My mid-term/end-of-year prediction for US OIL is between 45-50$ and possibly lower.
If you believe in the fundamentals and idea of this setup, feel free to follow and use it.
Not financial advice.
Long trade
30min TF overview
🛢 WTICOUSD – Buy-Side Trade
📅 Date: Thursday, 24th April 2025
🕘 Time: 9:00 AM (New York Time)
📍 Session: London AM
📊 Entry Timeframe: (5m)
Trade Parameters
Entry Price: 63.238
Take Profit: 66.619 (+5.54%)
Stop Loss: 63.036 (–0.32%)
Risk-Reward Ratio (RR): 16.74
Reasoning - Narrative
This WTI Crude Oil long trade was initiated during the London AM session, a time when commodity markets often see increased activity and institutional positioning. The trade followed a sharp reaction off a discounted price zone, which aligned with a previously unmitigated bullish order block on the intraday chart.
Before entry, price performed a liquidity sweep below 63.10, triggering stops from earlier long positions and clearing out sell-side pressure
Oil Buy Idea/Analysis ScalpingBased on reversal trading and BOS formation, I see that an uptrend is forming within a downtrend move. I assume this is going to be my retest move of the last LOW in a higher timeframe, such as the Daily, so I'm trying to take advantage of it and scalp it. There is more explanation in the video.
Concerns about demand limit the upside potentialYesterday's strategic analysis noted that U.S. sanctions on Iranian oil exports limited crude oil's upside, though short-term rebounds occurred. Combined with the U.S. plan to zero out Iranian energy exports, short-term news-driven oil price gains primarily reflect supply disruptions and sentiment repair rather than fundamental improvements.
While U.S.-Iran sanctions and OPEC quota adjustments may trigger periodic tensions, intensified global trade concerns and institutional downward revisions to demand forecasts will cap the upside potential of oil price rebounds.
USOIL
sell:64.5-65
tp:63-62
I hope this strategy will be helpful to you.
When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
USOIL Will Move Higher! Long!
Take a look at our analysis for USOIL.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 63.114.
Taking into consideration the structure & trend analysis, I believe that the market will reach 68.050 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Primary and secondary rhythm: sudden drop in crude oil pricesLast week, OPEC announced a new compensation plan to offset previous overproduction. Under the plan, eight affected countries plan to reduce production by a total of 457,000 barrels per day by mid-2026, failing to sustain a short-term rise in oil prices.
Crude oil's short-term trend hit strong resistance near 64.90 and fell, with the decline erasing the gains of the previous three trading days. The MACD fast and slow lines remain within bearish momentum, indicating abundant downward momentum. From the perspective of primary and secondary rhythms, the decline in the North American market yesterday formed a primary downward trend, while the weak rebound in early trading today represents a secondary rhythm. According to the law of primary-secondary alternation, crude oil is expected to continue to decline today, breaking below the 61.50 support level and testing 60.
USOIL
sell@62.8-63.3
tp:61.5-61
I hope this strategy will be helpful to you.
When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
USOIL: Bearish Continuation & Short Trade
USOIL
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell USOIL
Entry - 64.408
Stop - 66.133
Take - 60.964
Our Risk - 1%
Start protection of your profits from lower levels
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Concerns about demand limit the upside potentialCrude oil lacks upward momentum, with the target pointing to $60.
USOIL
sell@62.8-63.3
tp:61.5-61
I hope this strategy will be helpful to you.
When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.