TRADE REVERSED ON CRUDE OILI posted earlier to sell on CL and I didn't post to reverse the position after that we got a reversal, now we're targetting the BS LQ.
OIL_CRUDE trade ideas
SELL CRUDE OILI'm sharing with you another trade today and this time on CL | USOIL | USOUSD, you xan sell targetting the same level as mine with the same SL.
Follow for more!
Crude Oil long term analysis⭕WTI has taken downward trend since (18Jul 24) , Because of industrial countries had bad data and concern about suffering recession the price gone down.
🔻In the another side OPEC+ decided increaseof their supply.
🔻China's data not promising, China is the biggest importer of Oil in the world so its pridectable to effect oil price.
🟢Middle east and tension of that has no end ,Analysts alarm to happening War and Geopolitical things limtied down trend of price.
🟢Fed's recently reduced intrest rate by 0.5 which is big move since years ago ,And they decided to cutting rate by 0.25 from other meetings it mean Soft Landing , in this case it will help to US Gov'
to improve the economic and WTI price mostly dependent to US economic so it will help to growth Oil price
🔵So many countries economics related together so if US ecnomy will recovery it self
China , Japan , Euro zone , Australia , Canada , ..... will betterment too so if the economics of countries better so productions and output will growth that causes import Oils and counsume.
✅In my idea 66$ to 63$ very big support area and good place to order Buy.
my expectation is WTI in 2025 will growth smoothly to our other targets.✔✔
💌pls add your idea too and let me know❗❓
WTI: Head & Shoulders Could Trigger Drop to $67.48OANDA:WTICOUSD
On the 120-minute timeframe, WTI Crude Oil has shown a notable bearish setup. After the formation of the bearish alt-Bat pattern at $71.14, the price dropped to $69.22, where a new fractal support was established. This level reinforces a previously used support zone, which is crucial for the next possible price pattern.
With this support reinforcement, there is a potential for the formation of a head and shoulders pattern, with the neckline at $69.22. It’s important to note that the pattern will only be validated if the price breaks below this fractal support. If validated, the pattern could trigger a decline towards the 200% Fibonacci extension level at $67.48.
Key Takeaways for WTI Crude Oil:
Bearish alt-Bat pattern formed at $71.14.
Price dropped to $69.22, establishing a new fractal support.
A potential head and shoulders pattern is forming, with support at $69.22 acting as the neckline.
Break below $69.22 would validate the head and shoulders pattern.
If validated, the price could fall to $67.48, aligning with the 200% Fibonacci extension level.
WTI Short - if we see the following play out.Looking at fair value gaps, and imbalance in the markets. This morning I identified the fair value gaps on WTI, as you can see on the chart it is playing out according to plan.
If the price now continues to rise and starts to turn round when it hits the sell zone on the chart, then I will look for the following before I take the short.
- Price Action
- Deal flow where the buyers are running out of steam, and the sellers are starting to take over.
If this happens then I plan a short on WTI.
James
Sandrock
USOIL Head & ShouldersFor most of this year I've felt that oil was going to get cheaper, and we've already seen the first leg of that, and then the last few months we've been going sideways. I believe this chart is very close to making its mind and resolving down, given this nice head & shoulders pattern currently. If this H&S breaks down I think oil will enter a great sell-off during the first half of 2025.
Analysis of the 1-Hour Crude Oil Chart (WTI)1. Rising Wedge Pattern: A rising wedge has been detected, which is a bearish reversal pattern. This typically signals a potential price breakdown. The wedge resistance aligns near 71.00–72.00, indicating a potential cap.
2. Key Zones: Premium Zone: Around 70.80–71.00, where sellers have shown dominance previously.
Equilibrium: Price around 68.90 marks a fair value where buyers/sellers balanced previously.
Discount Zone: Strong demand zone lies between 66.50–67.00, suggesting significant buying pressure.
3. Moving Averages:
Price is above the 200 EMA, indicating an overall short-term bullish trend, but the rising wedge introduces caution.
4. Support Levels:
Immediate Support: $70.00
Next Support: $68.90 (Equilibrium level)
5. Indicators:
Volume Analysis: Lower volumes during the upward move suggest weakening bullish momentum.
Momentum: If price fails to sustain above $70.80, sellers may take control.
Trade Strategy
1. Short-Term Bearish Setup:
Sell: Near 70.80–71.00 (wedge resistance).
Target:
1st Target: 69.50 (initial drop support).
2nd Target: 68.90 (Equilibrium level).
Stop-Loss: 71.50 (above wedge resistance).
2. Long Setup at Discount Zone:
Buy: Near 67.00 (discount zone support).
Target:
1st Target: 69.50
2nd Target: 70.50
Stop-Loss: 66.52
Key Watchouts
A confirmed break below the wedge at $70.00 will validate a bearish move toward 68.90.
A break above 71.50 would invalidate the bearish setup and signal further upside toward 72.50–73.00.
Trade cautiously around the rising wedge, as breakdowns can be sharp. Use stop-losses to manage risk effectively.
XTIUSD On a BULL RUNXtiusd on a Bull Run, Jump on It Now and Ensure You Risk What You Can Afford to Loose ..
Crude Oil: Price Action Tips for Big GainsTVC:USOIL AlexGoldHyunter Technical Analysis Using Price Action Techniques
Key Levels and Structures
Support and Resistance Levels:
Resistance: Around 71.00 (marked by the red dashed line and "Equal Highs").
Support: Around 68.75 (marked by the green line labeled "Swing Low").
Fibonacci Retracement Levels:
0.382: 70.50904
0.618: 69.27906
0.786: 69.58792
Break of Structure (BOS):
Multiple BOS annotations indicate significant price movements breaking previous highs or lows.
Change of Character (CHoCH):
Indicates a potential reversal or shift in market sentiment.
Indicators
Moving Averages:
The chart includes two moving averages (red and blue lines), which can be used to identify trends and potential entry/exit points.
Volume:
Volume bars at the bottom indicate the trading activity, which can confirm the strength of price movements.
Relative Strength Index (RSI):
The RSI indicator shows overbought or oversold conditions, which can be used to time entries and exits.
MACD:
The MACD indicator at the bottom shows momentum and potential trend reversals.
Buy Strategy
Entry:
Look for a bullish CHoCH or BOS above a significant resistance level (e.g., 71.00).
Confirm with increasing volume and a bullish crossover in the MACD.
RSI should be above 50 but not in the overbought zone.
Stop-Loss:
Place a stop-loss below the recent swing low or a significant support level (e.g., 68.75).
Take-Profit:
Use Fibonacci extension levels or previous resistance levels to set take-profit targets.
Sell Strategy
Entry:
Look for a bearish CHoCH or BOS below a significant support level (e.g., 68.75).
Confirm with increasing volume and a bearish crossover in the MACD.
RSI should be below 50 but not in the oversold zone.
Stop-Loss:
Place a stop-loss above the recent swing high or a significant resistance level (e.g., 71.00).
Take-Profit:
Use Fibonacci retracement levels or previous support levels to set take-profit targets.
By using these price action techniques and indicators, traders can develop a structured buy and sell strategy for trading CFDs on WTI Crude Oil. Happy trading! 📈📉
Follow @Alexgoldhunter for more strategic ideas and minds
crude oil shortcrude oil short
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
WTI Bullish For Next Year?Oil defended himself against lower prices below 70 support zone in all year an that is a key factor for the bullish moment we can have in 2025.
Also OPEC+ lowered the roof to produce million oil barrels for entire 2025 due to lower growth expectations and lower demand. This will pressure the price upwards in most of the time next year as the bloc wants a strong barrel.
Movements that broke the 75 zone level would be a key to a stronger bullish bias for the next year. Otherwise, we have to be careful with movements below the 70 zone that is the stronger barrier we have to stop bearish positions.
USOUSD Oil Long bets. Moving up slowly but surely. Daily TF.
The intraday chart around the 1hr and 2hr is a tad hectic with double / triple top, so the daily chart here has a triple bottom for structure support and a head'n' shoulders pattern which I dont think has triggered quite yet.
This trade I recommended on Monday for a long position and these price levels are a bit of a bargain.
If you wanted to buy in I would be buying the closing candle at 69.20
1 HR chart below. Price is just a nudge under 69 now
The latest crude oil operation suggestionsOverall, the EIA inventory data released last night was -507.3 before and -142.5 after, while the oil price barely rose by 10 points. The idea in the early trading is to determine the strength based on the high point of 70.5 last night. It is recommended to short on the rebound. Crude oil strategy: short on the high point when the rebound reaches 70, with the target at 69.3-68.6.
USOIL Sell IdeaUSOIL Sell IDEA:
Selling USOIL with RR 1:2 on the basis of Divergence and bearish trend
USOIL WEEKLY MARKET ANALYSIS📊 USOIL Weekly Update
Technical View:
Not much has changed on the charts. Price remains within the expected range, waiting for a catalyst to break out.
Fundamental Highlights:
Geopolitics: TVC:UKOIL Brent hit ~$71, WTI at ~$67, driven by instability following the ousting of Syria's President.
Saudi Aramco: January crude prices for Asia slashed to early 2021 lows due to weak Chinese demand.
OPEC+: Delayed output hikes to April 2025; cuts extended through 2026.
U.S. Supply: Increased oil & gas rig activity adds pressure on prices.
Natural Gas: Futures rebounded 5% to $3.147 after last week’s losses.
🔑 Key Levels ( FX:USOIL WTI):
Bullish: Close above 21-period SMA ($72.37) targets 50-period SMA ($73.98).
Bearish: Close below $72.00 may see a drop toward ~$70.63.
📌 Trading Strategy:
Keep alerts set for key levels; patience is key as we await clearer directional moves.
💬 Let’s discuss more in comment below!
Happy Trading,
The NFX Team™ 💚
(Earlier shared this post but got taken down due to some off-platform mention (violation) - still getting used to the TV rules :) , reposted for reference purpose.)
USOIL Bullish Breakout: Wedge Pattern Analysis on H4On the H4 timeframe, USOIL has breakout above a wedge pattern, signaling a potential shift toward bullish momentum. The breakout is visually projected using an orange-colored box, highlighting the zone where the price successfully moved above the wedge's upper boundary. This breakout indicates an increase in buying pressure, suggesting that the price may trend higher in the near term.
The next key resistance levels to watch are 71.3 and 72.2, which align with significant historical price zones and are set as profit targets. Caution is advised, as a reversal that pushes the price back into the wedge would invalidate this bullish outlook. It is advisable to place a stop-loss just below the wedge’s upper boundary.
Disclaimer:
This analysis is part of a trading plan and does not constitute trading advice. Technical analysis is probabilistic in nature and does not guarantee profitability. Always implement proper risk management in every trading decision.
crude oil longcrude oil
long
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
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
WTI Light Crude Oil (18H) – Technical Analysis1️⃣ Bullish Triangle Pattern
The chart forms a bullish triangle, with higher lows and a descending trendline. This indicates potential accumulation before an upward breakout.
2️⃣ Strong Support Level
The $68-$69 support zone, established in September, has held firm, showing strong buying interest and rejecting further downside.
3️⃣ Broken Resistance Line
The descending trendline has been broken, signaling a shift in momentum toward buyers.
4️⃣ Potential Uprise
The breakout suggests upside potential toward:
🟢 Target 1- $71.23
🟢 Target 2-$73.00
🟢 Target 3-$77.54
Got questions? Let me know!
