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Oil - Crude (WTI)

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OIL_CRUDE trade ideas

WTI OIL Buy opportunity or more meltdown coming?WTI Oil (USOIL) has been trading within a long-term Channel Down since the September 25 2023 High and the recent Trade War sell-off helped the price drop towards the pattern's bottom (Lower Lows trend-line) much quicker. Technically this has been a 1W MA50 (blue trend-line) rejection, previously a Lower High rejection on the 1W MA200 (orange trend-line). Notice how the 1W RSI has also been trading within a Channel Down of its own, with the indicator near its bottom as well. Being more than -31% down (more than the -29% of the first Bearish Leg), we can technically claim that this is a solid level for a medium-term buy again. The previous Bullish Leg marginally exceeded the 0.618 Fibonacci retracement level before the Lower High. As a result, our new Target is $70.00. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTILong
by TradingShot
Oil holds below $60: demand likely down, supply upSince the announcement of higher than expected new American tariffs, especially on China, oil’s decline has been dramatic. The very high tariffs on China are important because China is the largest importer of oil, so economic headwinds there usually have a significant effect on demand. OPEC+ decided last week to increase supply next month. 4 April was American light oil’s lowest weekly close since August 2021, so it’s difficult to estimate the next potential support. The 78.6% monthly Fibonacci retracement is around $40, but even in the circumstances that’s a very long way from where the price is now. The unusual strength of the oversold signal and the size of recent candlesticks call into question whether the price might continue immediately lower unless significant fresh trade news reaches markets. Equally, buying oil now looks like trying to ‘catch the knife’. Fundamentals are quite strongly negative and 7 April’s failed bounce suggests that demand is likely to remain low for some time unless there’s another round of strong losses or the tone of the news changes. Short-term trading of retracements seems to be the least bad option now. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
FX:USOIL
by Michael_Stark_Exness
USOIL CATCHING THE FALLING KNIFE|LONG| ✅CRUDE OIL lost 18% of it's Value in the last 5 days on the Trade war news, which makes The market to expect a recession And a sharp drop in the oil demand However, I still think that Oil Is locally oversold, therefore A local bullish correction is To be expected from the Horizontal support below Around 57.34$ and the Target being the resistance Above around 61.81$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅ 

 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TVC:USOILLong
by ProSignalsFx
1
WTI Crude Oil Analysis: My Bearish Outlook Towards $25.OANDA:WTICOUSD We need to shift to the weekly chart to better understand the potential downside for OANDA:WTICOUSD Crude Oil. Crude Oil has already broken below the daily, weekly, and monthly fractal support levels. The drop below the monthly fractal support at $65.65 has opened up the potential for a significant decline. With this key support level breached, Crude Oil is now at risk of testing much lower levels, possibly approaching the April lows. This would create the possibility of a bullish bat pattern forming around $24.88, signaling a potential reversal from these much lower prices. On the resistance side, the monthly fractal resistance at $80.75 continues to be a major barrier, as well as the weekly fractal resistance, which reinforces the difficulty of any upward movement. The daily fractal resistance at $72.48 remains another obstacle for any short-term recovery attempts. As for the support levels, Crude has already broken below the daily fractal support at $69.07 and the weekly fractal support at $65.40. These breaches now threaten the monthly fractal support at $65.65, confirming the bearish sentiment in the market. With these key levels broken, the market is showing clear signs of weakness, and the potential for further downside movement remains high. At this stage, we should be cautious and watch closely for signs of a bottoming formation or a reversal pattern, but the immediate outlook suggests further downside risk. Happy Trading, André Cardoso
OANDA:WTICOUSDShort
by Andre_Cardoso
USOIL ChatGPT: Chart Analysis for WTI Crude Oil (1-Hour Timeframe) – April 08, 2025 Key Observations: 1. Trend and Price Action: - WTI Crude Oil has been trading in a range-bound pattern, as shown by the blue trendlines. The price has been bouncing between the resistance and support levels. Currently, the price is at the lower end of this range near the support level around 58.88. - The resistance level is at 59.05, and this has been tested multiple times without a sustained breakout, indicating that sellers have been in control around this level. - The price just tested the support level and bounced slightly higher, which suggests the market may be consolidating before deciding the next move. 2. Order Block and FVG (Fair Value Gap): - The order block is located… ChatGPT: - Fair Value Gap (FVG) has been formed around the order block. This means there’s an imbalance in the market that could eventually be filled. Traders should watch for price action near this gap for further insight into whether the gap will be filled or left untested. 3. Volume: - Volume is relatively low, which suggests a lack of strong momentum in the market. This is typical in range-bound markets, where buying and selling activity are often balanced. - However, the volume has spiked during the downward move, which could indicate a potential bearish continuation if the price breaks below 58.88. 4. Bearish Setup and Target: - The chart is showing a bearish setup with the price trading below the resistance zone, and it is testing the support level near
TVC:USOILLong
by EXPERT117Ai
USOIL:Continue to look for opportunities to go longCurrently, in the daily chart trend, crude oil continues to maintain a somewhat stronger oscillating trend at a low level. (👉signals👉) The technical pattern is gradually adjusting, and the K-lines are slowly rising above the short-term moving averages, indicating that there may still be room for a continued rebound in the daily chart trend. In the 4-hour chart, the trading range is currently relatively narrow. The short-term trend is slightly weaker, but the adjustment space is likely to be limited. In terms of trading operations, consider the opportunity to open long positions near the range of 62 to 62.5. Trading Strategy: buy@62.5-62.8 TP:64-64.5 The signals resulted in continuous profits, and accurate signals were shared daily. 👇 signals👇
TVC:USOILLong
by AngelaYeates
Crude Oil Breaks Out — Is $65.5 the Next Wall?Price started its bullish move in the first week of April, and since then, it’s been making higher lows. Today’s candle broke cleanly above a key trendline, and price is now heading toward the $65.5 resistance, which could act as a critical decision zone. Key Levels: - Support: Around $63.2 - Resistance: $65.5 (next major wall) - Setup: Trendline Breakout What I’m Watching: When price gets to 65.5, I’ll be looking for: - A strong breakout (maybe even retest + continuation) to hold my buy - Or a clear rejection to scale out or re-evaluate I’m staying patient. I’ve picked my setup and I’m sticking to it — no jumping around. Let’s see how this plays out. Cheers! pClem Trades
VANTAGE:USOUSDLong
by clementoyinlola
MAY 1-1-1 TRADING CHALLENGEI’ve been thinking about how messy trading can get. One day you're watching a video on scalping, the next you're trying to swing trade five different pairs. Then before you know it, your screen is cluttered with a million indicators, your confidence is shot, and your results? Even worse. So for the month of May, I’m doing something different. I’m calling it the 1-1-1 Challenge 1 Mentor. 1 Instrument. 1 Setup. For me, that means: - I’m sticking with Tori as my mentor. No other videos, no mixed signals. - I’m focusing only on Crude Oil. That’s my chart, my market. - And I’m trading only Trendline Breaks. Clean and simple. That’s it. Pure focus. Pure discipline. Let’s see what happens when I stop trying to trade everything — and start mastering one thing. If you’ve been feeling the same kind of overwhelm, maybe this challenge is for you too. Want to join me in May? Let’s go all in: 1 Mentor 1 Instrument 1 Setup I'll be sharing my progress and documenting my journey here. Follow me!
VANTAGE:USOUSDEducation
by clementoyinlola
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.
TVC:USOIL
by H_C_12
USOIL Technical Analysis! SELL! My dear followers, This is my opinion on the USOIL next move: The asset is approaching an important pivot point 63.68 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 61.56 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
TVC:USOILShort
by AnabelSignals
1
USOILCrude oil currently has a low opening and low trend in the 4-hour level, and the price has fallen below the short-term moving average. The K-line began to bear the pressure and the short-term moving average maintained a weaker oscillating trend. In the hourly level trend, after the European session, the price fell below the previous terraced support band. In the short-term trend, there is a high probability that there will be room for continued adjustment. Operational suggestions: short near 63, stop loss 63.7, or long near 61-61.1, stop loss 60.3.
TVC:USOIL
by DickSharp
Crude Oil Stabilizes Above Key Fibonacci LevelFenzoFx—Crude Oil is consolidating after testing $63.9 resistance, trading near $62.23, supported by the 50.0% Fibonacci retracement. While the bullish trend persists above the 50-period simple moving average, the Stochastic Oscillator shows an oversold condition, hinting at a rebound. A bullish wave may target $64.00 if Oil holds above $62.00. However, if it dips below this level, momentum could extend down to $60.77, near the 78.6% Fibonacci retracement. >>> No Deposit Bonus >>> %100 Deposit Bonus >>> Forex Analysis Contest All at FenzoFx Decentralized Forex Broker
TVC:USOILLong
by FenzoFxBroker
WTI Oil H4 | Potential bullish bounceWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 62.01 which is a pullback support. Stop loss is at 58.60 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement. Take profit is at 65.63 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement. 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 (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:USOILLong
by Tradu
USOIL: Summary of Last Week'st and Analysis for Next WeekLast week, the crude oil market experienced (violent volatility amid the interplay of multiple factors, including concerns over supply glut, bleak demand prospects, and geopolitics. It fluctuated sharply in the game between "production increase expectations" and "geopolitical risks," but eventually closed higher supported by the escalation of sanctions on Iran and compensatory production cuts by OPEC+. The market saw significant volatility.👉👉👉 Next week, geopolitics will remain a core variable. It is recommended that investors pay close attention to the development of confrontations between the U.S. and Iran, as well as the policy trends of OPEC+. They should flexibly adjust their positions. In terms of operations, short-term trading should mainly focus on range-bound strategies, while in the medium to long term, vigilance is required against the continuous suppression of demand by a global economic recession. Oil trading strategy： buy @ 60.90-61.50 sl 59.50 tp 63.20-63.60 If my strategy is helpful to you, please give a thumbs-up for support. If you have different opinions, you can leave your thoughts in the comments.
TVC:USOILLong
by Trading_Grorge
Oil’s Red-Hot Crash: the Iranian Trigger? 🛢️☕ #OilisMyCoffee | 📐 #TechnicalAnalysis The most frustrating thing is when the market follows the script, but your account is in a drawdown 😭 Corrections are sneaky 🐍 Mid-week, I leaned toward the red scenario 🔴 (see last week’s chart), but the market suddenly shifted to black ⚫️. Now the uncertainty: How and when will the diagonal end? I see at least 3 scenarios: 🔴 Red ⚫️ Black 🔵 Blue Waiting for a resolution ⚡️ — so I closed positions ahead of the weekend. Iran negotiations in Rome on Saturday 🤝 With moderate progress, prices might dip slightly before surging upward ahead of a reversal next week. What will trigger a crash? No clue 🤷 But S&P500 is also eyeing a downside after consolidation 📉 Possible triggers: U.S. market events or global financial shocks dragging oil down without geopolitics. Weekly results: ➖ -10% on the master account ➖ Oil & gas portfolio yield dropped to 103% 🔥 Sharpest weekly drop in the account’s history ⚠️ Disclaimer: Our analysis is food for thought 💡, not trading signals 🚫📊. Trade with a cool head ❄️, a clear plan 📝, and your own analysis 👁️🗨️. 💬 Your predictions? 🔄 Drop your analysis below ➡️: How do you assess risks and opportunities? 🎯
TVC:USOIL
by Fomenka