WTI more downside?Mid-East peace deal should keep oil under pressure in the short term.
Technicals: break of trend line forming new lower high and lower low. Selling the 50% confluence level fib has potential.
OIL_CRUDE trade ideas
H4Oil is big buying opportunities Oil has been trading in a range for a long time, H4 is still a strong sell, stuck between 67 and 72, due to war sentiment and over stock, long opportunity is not being created at the moment, short buying can be done from 66, this is my personal opinion
WTI: Will be able to reach 70 USD?In the last days we have been seeing the WTI barrel close to the 70 USD zone, but now is clear that the long term movement is very bearish as we can see in the chart.
- A cross below the support zone could mean that the bears are taking the market for the next days and will follow the tendency.
-Fibo is not showing any alerts that the long tendency is in danger, as for now.
WTI: Crude oil drops amid ceasefire reportsCrude oil prices tumbled on the back of reports of a ceasefire between Israel and Lebanon. The news also sent gold prices lower. If confirmed, this will remove some of the geopolitical premium in oil prices, which had provided support for oil since Israel’s war started.
Today's drop means, WTI has held below key resistance around $71.50 - $72.50 range. While below here, any short-term recoveries like we have seen last week would be against the underlying trend.
Short-term support around $69.29 to $70.00 was being eroded at the time of writing. A close below here could pave the way for a potential retest of recent lows around $67.00, below which we don't have much in the way of support until $65.00.
By Fawad Razaqzada, market analyst with FOREX.com
64 incoming.. Bulls game over 68..66..64 incoming 🤪.. Good luck Bulls.. Daily TF Big move down incoming
USOIL | Where Next For This Commodity?Oil has slowly trickled to continuous lows and key support areas.
Rallying each time, Investor demand at such prices is clear.
Any further rallies, may be rejected on undermined long side sentiment. This suits the mid/long term trajectory.
USOIL CHART ANALYSIS – NOV 25📊 USOIL CHART ANALYSIS – Weekly Update
📈 Technical / Naked Price Action
⚖️ Overall Sentiment: Bullish 🐂
🎲 Hello traders!
USOIL continues to move in line with our expectations. Last week, we saw Crude Oil test its yearly support zone and fail to break below. The positive Crude Oil Inventories report triggered a short-term bullish momentum , pushing prices higher.
Currently, support at $69 appears to be holding firm, and we’re closely watching for buy entries on a retest.
💡 Key Observations:
Bullish Outlook: This week, we may see confirmation of a bullish ABC wave move if momentum sustains.
Risk Management: While I remain focused on LONG opportunities, traders considering SELL entries should proceed cautiously and watch for signs of market reversal.
Critical Event: Keep an eye on Tuesday’s Crude Oil Inventories (EIA) report , as it will likely influence market direction this week.
📌 Trading Tip:
Wait for a retest of $69 support before entering long positions. Avoid forcing trades and stay disciplined in your setups.
🧠 Let’s Collaborate!
Share your trade ideas, thoughts, and charts in the 💬. How do you think USOIL will play out this week? Let us know!
Best Regards,
The NFX Team™ 💚
USOIL:The long target is 72.8
Today's crude oil continues to be bullish, the daily line gave a broken signal, back to step to continue to do long, crude oil this wave is also hovering at the bottom of the cycle, long target first look around 72.80, today back to step 79.40-79.50 support above to find more opportunities.
WTI Set for Upside After Support TestHello,
BLACKBULL:WTI is likely to see further upside once the support levels are tested once again. Either the 1W PP or 68.5379 will serve as strong support. If the price crosses and locks below 68.5379 we will see more downside!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
[OIL] Short-term trendline breakoutInteresting price development in TVC:USOIL daily chart. The MACD downtrend was already broken out on 9 October 2024, while the price now has break the short term trend line. Price could advance from here at least up to its 220EMA.
The broken trend line could act as support.
Cherio...
CRUDE OIL SHORT FROM RESISTANCE|
✅CRUDE OIL is going up now
But a strong resistance level is ahead at 72.88$
Thus I am expecting a pullback
And a move down towards the target at 70.31$
SHORT🔥
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71.25 to stay alive Good afternoon we've bounced from the fib grain sheds below to test fib barn to 79.98 supply /blue . if it needs to test support Oct/ .618 below green demand is mthly support . Red 610 sma R presently daily support suggests a drop to 68.34 / grain sheds .Prev pivot LL LH fur bear
Bearish Storm Incoming: Will USOIL Collapse to $67?Key Observations
Current Strong High & Invalidation Point (70.34):
Marked as Wave 0 and serves as the critical level for invalidating any bearish outlook. If this level is breached, it may signal the continuation of the bullish trend.
Primary Distribution Structure:
The chart is showcasing Wyckoff Distribution with the following features:
Preliminary Supply (PSY): Initial reaction around 69.19 indicates buyers were overwhelmed.
Buying Climax (BC): A peak at the liquidity level (approx. 70.34), marking the point of institutional distribution.
Automatic Reaction (AR): Subsequent pullback leading to the initial range.
Liquidity Traps:
Inducement: Highlighted above the fake breakout line around 69.35, trapping retail traders who anticipated a breakout higher.
Liquidity Pool: Formation of equal lows near 68.00 suggests stops are building, acting as a magnet for price.
Supply Zones and Key Areas:
Bearish Order Block (OB): Around 69.35, which aligns with the Point of Control (POC) on the Volume Profile. This zone may act as a resistance for price action.
Support Line - AR Distribution: Near 68.88, which aligns with the low-volume node on the profile, indicating minimal institutional activity in this zone.
Projected Elliott Wave Count:
Current count suggests we are heading into Wave 5 of the bearish cycle.
Wave 3: Shows impulsive price action, which broke through liquidity.
Wave 4: Retracement has hit resistance within the supply zone.
Wave 5 Targets: Potential targets are around 67.42-66.91, which aligns with historical liquidity levels.
Creek Formation:
The Creek Line indicates minimal resistance in the current path, where a low-resistance liquidity run (LRLR) may accelerate momentum to the downside.
Volume Profile Insight:
The Point of Control (POC) resides at 69.22, suggesting that most transactions have occurred here. This level aligns with the AR zone, which could act as a decisive battleground.
Potential Scenarios
Bearish Scenario (Primary):
Price fails to sustain above the Bearish OB (69.35) and breaks below the AR line at 68.88.
Wave 5 completes at the liquidity pool levels between 67.42-66.91.
Bullish Scenario (Alternate):
A sharp breakout above the invalid point (70.34) confirms the strength of the buyers and invalidates Wave 5 projections. This would signal a transition from distribution to an accumulation phase.
WTI OIL📝 Important ranges for this week have been drawn, you can trade them according to your personal strategy.
⏱ TIME:15M
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USOIL: Market of Sellers
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell USOIL.
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CRUDE OIL Resistance Ahead! Sell!
Hello,Traders!
CRUDE OIL is approaching a
Supply level of 72.77$ and
As we are locally bearish
Biased a local bearish
Correction is to be expecting
From the resistance above
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
USOIL Just Built A Fresh Up TrendHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 69 area, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 69 support and resistance area.
Trade safe, Joe.
USOIL Will Collapse! SELL!
My dear subscribers,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 71.12 pivot level.
Bias - Bearish
My Stop Loss - 71.78
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 69.89
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
USOIL - BULLISH MOVEHello Traders !
On Friday 15 Nov, USOIL reached the support level (66.85 - 67.38).
The price broke the last lower high (change of character).
So, I expect a bullish move📈
_____________
TARGET: 71.24🎯
CRUDE OIL (WTI) More Growth is Coming
After quite an extended consolidation on a key daily horizontal support,
WTI Oil bounced and violated a resistance line of the range.
It is an important sign of strength of the buyers.
With a high probability, the price will go up and reach 72.3 level soon.
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Next Week Play's For WTICOU So after reviewing this chart for next week , Only have one thing I'm looking for at the moment is to it show support. At current price with structure showing is just not showing anything to take just yet. I will update periodically through out the week
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 70.22 area.
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