US OIL LONG RESULT Cruse oil price has been choppy and moving randomly lately especially with Trump's Tarrifs and updates.
But I say the break from the ascending wedge and hold horizontal support zone area and price seemed to be heading to diagonal and horizontal resistance which I set our TP at and boom.
Klassic_Trader.
SPOTCRUDE trade ideas
CRUDE OIL Free Signal! Sell!
Hello,Traders!
CRUDE OIL made a sharp
And sudden move up
And it seems that it will
Soon hit a horizontal
Resistance level of 68.80$
From where we can go short
On Oil with the TP of 67.67$
And the SL of 68.87$
Sell!
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Oil Market at Risk: Potential Breakdown Below Key SupportThe oil market is showing signs of weakness, with a technical triangle formation on the verge of breaking down. Key support at USD 66.50 per barrel is under threat, and several fundamental and macroeconomic factors suggest further downside risks.
Some Key Bearish Factors for Oil
1. Weakening Global Economy
Economic indicators across major economies are flashing warning signs. A slowdown in global growth, particularly in China and Europe, is reducing industrial demand for oil. Weaker economic activity typically translates to lower energy consumption, putting pressure on oil prices.
2. Stronger U.S. Dollar
A rising USD makes oil more expensive for buyers using other currencies, leading to lower demand. If the Federal Reserve maintains its hawkish stance on interest rates, a stronger dollar could continue weighing on oil prices.
3. Supply Overhang and Shale Resilience
Despite OPEC+ production cuts, oil supply remains ample. U.S. shale producers have kept output steady, while global inventories are rising. If supply continues to outpace demand, downward pressure on prices is likely.
4. China’s Slowing Recovery
China, the world’s largest oil importer, has struggled with weaker-than-expected economic data. Lower manufacturing activity and sluggish domestic demand are reducing the country’s need for crude oil, further dampening market sentiment.
5. Geopolitical De-escalation
A potential ceasefire in Ukraine could ease concerns over energy supply disruptions. Lower geopolitical risk would reduce the war-driven risk premium on oil, potentially triggering a price decline.
6. Growth in Alternative Energy
The increasing adoption of electric vehicles (EVs) and renewable energy is gradually reducing structural demand for crude oil. As governments push for greener energy solutions, long-term oil consumption trends may continue declining.
7. Speculative Unwinding
Traders and hedge funds could accelerate the sell-off if USD 66.50 support breaks. Technical breakdowns often lead to increased short-selling and stop-loss triggers, intensifying downward momentum.
Conclusion: More Downside Ahead?
With a weakening economy, strong dollar, and growing supply concerns, oil faces multiple headwinds. If key technical support at USD 66.50 breaks, the market could see further declines in the short term. Unless demand picks up or supply constraints emerge, the bearish trend may persist.
#OilMarket #CrudeOil #BearishOutlook #Energy
WTI Possible Scenarios:
1- Bullish Scenario:
If the price holds above 66.160, it could push towards 67.900, filling the Fair Value Gap.
A break above 67.900 could confirm further upside potential.
2-Bearish Scenario:
If price breaks below 65.800, it could signal further downside towards 65.500 or lower.
The trendline resistance could push price lower if rejection occurs.
Entry Zone: Around 66.160.
Stop Loss: Around 65.800.
Target Price: Around 67.895.
Crude oil bears pounce again and enter the 3-5 waveJudging from the current trend, although crude oil is in a short-term rebound phase, the overall bearish trend has not changed.Personally, I think the 3-4 wave rebound is likely to have ended, and the MACD indicator shows that the rebound momentum is weak. Therefore, today's operations should focus on shorting the rebound and seizing the falling opportunity of the 3-5 wave.
Suggestions:
1. Go short at $67.20, stop loss 30 pips, take profit $64.80.
2. If the short position of strategy 1 is stopped out, go short again at $67.85, stop loss 30 pips, take profit $66.
3. If the market falls below $66 before 16:00, you can go short at $65.90 with a stop loss of 30 pips to $66.90.
WTI Crude INTRADAY ahead of US inventories reportThe WTI Crude Oil price action sentiment appears bearish, reinforced by the prevailing long-term downtrend. The recent price action indicates a potential oversold rally, approaching a critical resistance zone.
Key Levels and Price Action
The primary trading level to watch is 68.40, representing the current intraday swing high and falling resistance trendline. An oversold rally towards this level, followed by a bearish rejection, could confirm continued downward momentum. In this case, the next downside support targets are at 65,73, 64,23, and 63,11 over the longer timeframe.
On the other hand, a decisive breakout above the 68.40 resistance level, confirmed by a daily close, would invalidate the bearish outlook. This scenario could trigger further rallies toward the next resistance levels at 69.50 and 70.30.
Conclusion
The sentiment remains bearish as long as the 68.40 resistance level holds. Traders should carefully watch the price action around the 68.40 level to assess the next directional move.
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OIL Today's strategyIn the short term, there is a simultaneous advance of the long positions in crude oil. The price has tested the vicinity of $68.5 several times but encountered resistance. Moreover, after reaching around $65.2 at the lower level, it rebounded rapidly. The market still needs further testing. In the short term, it is advisable to sell high and buy low within the range of $68.5 to $65.2.
OIL Today's strategy
sell@67.5-67.9
buy:65.7-66.2
If you don't know how to do it, you can refer to my transaction.
USOIL Strategy AnalysisInternational crude oil prices have been trending sideways-to-downward recently. As of March 19, WTI crude oil was priced at $66.58/barrel, marking a cumulative decline of over 7% since the beginning of the year. The current core market contradiction focuses on the dual pressures of loose supply expectations and divergent demand prospects.
Oil trading strategy:
sell @ 68.2
buy @ 66
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USOIL BULLISH BIAS RIGHT NOW| LONG
USOIL SIGNAL
Trade Direction: long
Entry Level: 66.30
Target Level: 67.73
Stop Loss: 65.34
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 4h
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USOil: The trading strategy is to continue shortingYesterday, crude oil prices peaked and then witnessed a sharp decline, directly plunging through the upward gap that opened at the beginning of the week.
The current market situation is at the initial stage of a downtrend. It is projected that after rebounding to the range of 67.00 - 67.80, the downward movement will resume. Moreover, the strength of today's rebound indicates relatively feeble upward momentum, and market sentiment leans towards caution.
Consequently, today's trading strategy will mainly focus on shorting on rebounds. Traders should wait for the market to rebound to key resistance levels before entering the market.
USOIL Trading Strategy:
Sell@67.7-68.3
TP:66-65
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Hellena | Oil (4H): SHORT to the area of 64.00 (Wave C).Colleagues, at the moment we see a situation where it is difficult to determine the end of the movement. Wave “C” is not completed and I believe that we should expect the continuation of the downward movement. I do not set distant targets, so I expect the price to reach the area of 64.00.
A correction to the area of 67.884 shift is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
USOIL remains under pressure Technical Perspective
USOIL pared recent gains following a reversal below the descending channel's upper bound and resistance at 6850. If USOIL sustains its bearish momentum, a further drop toward the following support at 6500 may occur. Conversely, a break above the resistance at 6850 could prompt a further rise toward the following resistance at 7000.
Fundamental Perspective
Oil prices declined as the American Petroleum Institute reported a 4.6 million barrel increase in US crude stockpiles, highlighting concerns over growing inventories. This rise in stockpiles pressures oil prices as supply continues to outpace demand. Geopolitical risks also weighed on sentiment, with Russian President Putin rejecting US President Donald Trump's request for a ceasefire in Ukraine, further escalating tensions. Additionally, Trump has ramped up pressure on Iran over regional instability, adding to the volatility in oil markets.
Meanwhile, OPEC and its allies are considering increasing production, which could increase global supply. On the demand side, weak consumption from China and ongoing trade tensions threaten to dampen risk sentiment, potentially weighing further on oil prices in the short term. With these factors combined, oil markets face a challenging outlook, marked by a delicate balance between rising supply and uncertain demand dynamics.
By Li Xing Gan, Financial Markets Strategist Consultant to Exness
Will Mixed Geopolitical News Limit the Downside of Oil Prices?Macro:
- Oil prices continued their decline following an agreement between the US and Russia to halt attacks on energy infrastructure, though without implementing a complete ceasefire.
- The market turned bearish amid expectations that Russian sanctions may be eased, potentially increasing the oil supply surplus.
- Uncertainty lingered as geopolitical tensions in the Middle East sent mixed signals. While the possibility of increased supply pushed prices down, fears of conflict disrupting oil production kept some upward pressure.
Technical:
- USOIL retested its descending channel's upper bound before rejecting the boundary and forming a bearish Engulfing Candlestick, which may provide a hint that bears are in control. The price is below both EMAs, indicating persistent bearish momentum.
- Breaking below the support at 65.80 may prompt another plunge to the 100% Fibonacci Extension at 64.00.
- Closing above 68.40 and breaking the descending channel's upper bound may shift the current structure sideways before retesting the following resistance at 70.20.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness