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Oil - Crude (WTI)

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OIL_CRUDE trade ideas

USOIL to 75$As I indicated on the chart, there are two pending orders for oil, both of which must be filled. The first order is related to the gap between the two candles that has been identified, and the other is related to the pullback left from the breakout level, which has a price of about $75. If the $75 level is broken, we can also think about $72. In the overall trend, however, our view on USOIL will be bullish. So the best opportunity to buy is at the two levels mentioned.
TVC:USOILShort
by hojijoon
WTI crude oil Wave Analysis 23 January 2025 - WTI crude oil reversed from resistance level 78.00 - Likely to fall to support level 72.60 WTI crude oil recently reversed down from the major resistance level 78.00 (has been repeatedly reversing the price from July, as can be seen from the daily WTI chart below) The downward reversal from the resistance level 78.00 started the active intermediate impulse wave (3). WTI crude oil can be expected to fall toward the next support level 72.60 (low of the previous short-term correction iv from the start of this month).
FX_IDC:USDWTIShort
by FxProGlobal
USOIL - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key swing low and left untouched swing high. But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher. Your success is determined solely by your ability to consistently follow the same principles.
FX:USOILLong
by Maks_Klimenko
Bullish bounce off pullback support?USO/USD is falling towards the support level that aligns with the 161.8% Fibonacci extension and the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 75.03 Why we like it: There is a pullback support level that aligns with the 161.8% Fibonacci extension and the 50% Fibonacci retracement. Stop loss: 73.03 Why we like it: There is an overlap support level that is slightly below the 61.8% Fibonacci retracement. Take profit: 77.44 Why we like it: There is an overlap resistance level. 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:USOUSDLong
by VantageMarkets
USOIL POTENTIAL TRADE SETUP📢 Quick Market Update: EIA Report on FX:USOIL Crude Oil The EIA Crude Oil Stocks Change report is out, and it caught everyone off guard! The actual figure came in at -1.017M, significantly higher than expected. This is negative for Crude, signaling potential lower prices ahead. If you caught our last WMA announcement, you’re already prepared for this scenario. Based on the report: 🔹 Expect Crude to decline toward $73 support. 🔹 A potential bullish recovery could follow, aiming to break above the yearly descending triangle formation on the chart. 💡 Key Notes: No open trades currently. The fakeout is confirmed, so a dip towards yearly support strengthens confidence in our potential BUY trade. For now, stay put and let the market settle. 📈 Once we confirm a bullish reversal or continuation, we’ll look to go long. Remember, the overall market trend remains bullish, so stick to the trend and trade smarter, not harder! Stay tuned for further updates! 🚀
FX:USOILLong
by niclaxfx
1
Prime Buying Opportunity for Crude Oil Nearing Crude oil is currently consolidating around the $75 level. A glance at the daily MACD reveals a close but no crossover of the MACD and signal lines. A bearish close today could signal a downturn, but a bullish close would likely see the MACD resume its upward trend. Since its correction from $79, the price has been holding above the midpoint of the January 10th bullish candle at $74.66. This level, also coinciding with the 5-day moving average on the weekly chart, is a crucial support zone. Given the significant volume accumulated in the first week of January, this presents a compelling opportunity for aggressive swing trading. Today's oil inventory report is expected to act as a catalyst for a bullish reversal. While the market is bearish on oil supply expansion due to Trump's election, technical analysis suggests further upside potential. We recommend adopting a buy-on-dip strategy. For daily insights into Nasdaq, oil, and gold, please follow and subscribe to my analysis.
TVC:USOILLong
by Futureguard
OIL POSSIBLE BUY?The market is currently testing the current Daily 0.7 & 0.61 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
FX:USOILLong
by WiLLProsperForex
WTI OIL Channel Up emerging, aiming at $90.WTI Oil (USOIL) recently broke above its 15-month Lower Highs trend-line that has been keeping it under a bearish trend and is now naturally pulling back. This technical pull-back is so far within the tolerance levels of a bullish trend. The pattern that making use of this trend is a Channel Up, newly emerged and now about to test the 1D MA200 (orange trend-line) as a Support for the first time since August 14 2024. As long as it holds, we expect the new Bullish Leg to start and as with the Jan - Apr 2024 Channel Up, rise towards the 1.786 Fibonacci extension. Our Target is quite below it at $90.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
2
USOIL Will Move Higher! Long! Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 75.561. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 82.488 level. 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. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILLong
by SignalProvider
1
Crude oil may bounce higherCrude oil has been influenced by mostly technical factors at the beginning of 2025. Even though the geopolitical situation in the Middle East had eased, the colder than usual weather in the United States along with diminishing stocks of oil have boosted the price above the 3--month trading range. The price of USOIL has been moving within the rising trend, almost having hit the $79-80 price area. Despite the strong reaction at the peak, the market may still be in control of buyers and need to retest the $77-78 zone again after retesting the dynamic support area at around $73 as shown at the chart. The medium-term price projection from Energy Administration of the United States involves a possible pullback in the first quarter of 2025, after which the price may continue moving down towards $60 area in the long-term, The new political administration in the US claims to support oil and gas exploration and mining companies, which might positively affect prices of energy stocks, but that’s a big question of whether or not, demand for oil and gas would increase apart from the official forecast. Don't forget - this is just the idea. Always do your own research and never forget to manage your risk!
FX:USOILLong
by Stanislav_Bernukhov_Exness
WTI | Selloff Back to $68 w/USD/JPY CorrelationSince the last call on Oil we successfully hit the $77 target. This next move is now looking to head back to $68 support based on the pivot moves within the current Descending Triangle pattern. This is also another opportunity to take a back-to-back swing on FX:USDJPY We got divergence on the forex pair acting like the 'price' and 'oil' acting like the indication (Convergence/Divergence) Oil moves first on the down move and usdjpy will follow through after it makes one more leg up.
OANDA:WTICOUSDShort
by Nathanl19
WTI CRUDE OIL: Buy opportunity on the bottom trendline.WTI Crude Oil remains bullish on its 1D technical outlook (RSI = 58.480, MACD = 1.830, ADX = 66.542) despite the 4 day selling streak, which pushed the price under the 4H MA50. The HL trendline is still intact though, so technically that is a sound buy opportunity, especially if the 1D RSI hits the 30.000 oversold level. We're bullish (TP = 86.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
1
ema for checking trendema for checking trend What Is an Exponential Moving Average (EMA)? An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. 1 The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average simple moving average (SMA), which applies an equal weight to all observations in the period.
TVC:USOILLong
by amanagrawalofficial
Crude Oil (WTI): Breaking Down the Chart and Trading PotentialCrude oil, one of the most actively traded commodities globally, is displaying a potentially bullish setup on its chart. After a prolonged period of consolidation, WTI seems to be testing critical levels that could dictate its direction in the near term. Chart Breakdown Support Zone: The primary support zone lies between $6,600 and $6,900, which has acted as a strong accumulation area for buyers. A clear bounce from this level adds strength to the bullish outlook. Resistance Levels: The first major resistance to watch is at $7,130. This is the key breakout level that crude oil must surpass to confirm further upward momentum. Beyond this, a sustained breakout could take prices toward the next target at $7,725, which aligns with historical resistance levels. Possible Scenarios Bullish Case: A breakout above $7,130, coupled with sustained volume, could confirm the beginning of a fresh rally. The immediate target would be around $7,725, with potential for further upside if momentum persists. Bearish Case: On the other hand, a breakdown below $6,600 could signal renewed selling pressure. If this occurs, crude oil may slide toward lower levels, potentially revisiting $6,400 or beyond. Trading Plan Bullish Setup: Entry: Above $7,130 with strong buying volume. Target 1: $7,725 Stop-Loss: Below $7,000 Bearish Setup: Entry: Below $6,600 with confirmation of selling momentum. Target 1: $6,400 Stop-Loss: Above $6,800 Key Takeaways Crude oil is on the verge of a breakout from its consolidation phase, with critical levels identified for both bullish and bearish scenarios. Whether you're a short-term trader or a long-term participant in the commodity market, staying aligned with these levels could be the key to success. Where do you see crude oil heading next? Let’s discuss in the comments below! 📈📉 ⚠️ Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always conduct thorough research before making trading decisions. 💡 Boost & Follow to stay updated with the latest commodity insights and chart analyses. Let’s navigate the markets together! 🚀
FOREXCOM:USOILLong
by niveshIQ
Crude Oil Analysis – Current Trend and Key Levels 6PMCMP: 75.77 (-0.12%) Crude Oil is trading within a descending channel, showing a strong bearish trend on the hourly chart. Key Levels: Resistance Zones: 76.50 (previous breakdown zone). 78.00 (upper channel boundary and significant supply zone). Support Zones: 75.00 (immediate support). 73.00 (major demand zone). Trading Plan: Bearish View: Short below 75.50 with a target of 75.00 and 73.00. Stop Loss: Above 76.50. Bullish View: Long above 76.50 for targets of 78.00. Stop Loss: Below 75.50. Crude Oil remains under pressure unless it breaks out above 78. Watch the trendline and volume closely for confirmation. #CrudeOil #CommodityTrading #MarketAnalysis
CAPITALCOM:OIL_CRUDEShort
by DkRayakTV