Bullish bias on USOILAfter several rejection from the current level we might see price reverse from there. so im very bullish.
SPOTCRUDE trade ideas
Oil - see if my plan worksHello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck!
What Happens to Global Markets When the Ukraine-Russia War Ends?What Happens to Global Markets When the Ukraine-Russia War Ends?
The end of the Ukraine-Russia war will undoubtedly impact major global markets,
here’s what we can expect:
Oil Market : With tensions easing, oil prices could drop as supply concerns lessen and sanctions ease. However, global demand could still keep prices stable or even high.
Gold Market : Gold, a safe-haven asset, might face a decrease in demand as geopolitical uncertainty fades, but if the end of the war leads to global economic instability, gold could remain a strong choice for investors.
Forex Market : The end of the conflict could boost the Euro and USD as stability returns to the market. At the same time, the Russian Ruble might face fluctuations as Russia’s economy adjusts to post-war conditions.
Crypto Market : Cryptocurrencies may see mixed reactions—some may retreat as confidence in traditional markets rises, but others could flow in if economic uncertainty continues to prevail globally.
🔮 The war's end could bring hope, but it also presents new challenges for markets worldwide. Stay tuned to see how it all plays out!
WTI Crude retest of 13th February swing lowThe WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 7200, 20th February swing low level. An oversold rally from the current levels and a bearish rejection from the 7200 level could target the downside support at 6964 followed by 6880 and 6830 levels over the longer timeframe.
Alternatively, a confirmed breakout above 7200 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7250 resistance followed by 7316 levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
USOIL: Long Trade with Entry/SL/TP
USOIL
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long USOIL
Entry - 70.18
Sl - 69.54
Tp - 71.51
Our Risk - 1%
Start protection of your profits from lower levels
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USOIL DESSENDING CHANNEL TREND📉 USOIL Analysis – Selling Opportunity Soon! 🚨
🔸 Trend: USOIL has been moving within a descending channel, consistently making lower highs and lower lows. This indicates a strong bearish trend 📉.
🔸 Current Position: Price is now touching the upper boundary of the channel, which acts as resistance, increasing the likelihood of a sell-off.
🔸 Indicator: EMA 50 on 2H timeframe confirms the resistance level, aligning with the descending channel structure.
🔸 Entry Level: $72.30 🔽
🔸 Target Level: $70.30 🎯
📌 Descending Channel Explained:
A descending channel is a bearish pattern where price moves between two downward-sloping trendlines. Each time price touches the upper boundary, it tends to reverse lower, making it an ideal selling opportunity at resistance levels.
⚠️ Trade Wisely! Stick to risk management. 📊🔥
USOIL BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
USOIL is making a bullish rebound on the 6H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 69.95 level.
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High Volatility in Crude Oil: Geopolitical FactorsVolatility in the oil market has intensified during the week’s close, with crude futures registering significant declines that practically erase the accumulated gains of the week. West Texas Intermediate (WTI), the U.S. benchmark, experienced a near 2.2% drop, driven mainly by geopolitical factors and supply data that have surprised to the downside. In particular, pressure from the U.S. administration on the Iraqi government to restart Kurdish crude exports to Turkey has been one of the most relevant catalysts, creating uncertainty in supply flows.
Data released by the Energy Information Administration reinforce the bearish movements. The increase of 4.6 million barrels in crude inventories suggests a weaker-than-expected domestic demand, which further pressures prices downward. However, not all is pessimism: gasoline stocks fell by 0.2 million barrels and distillates declined by 2.1 million barrels, which could temporarily support the value of these refined products.
On the geopolitical front, the pressure exerted by Washington to reactivate the pipeline connecting Kurdish fields with Turkey and curb smuggling into Iran marks a new chapter in the U.S. “maximum pressure” policy against Tehran. Although the Iraqi Oil Minister announced the resumption of Kurdish exports in the coming days, there is still uncertainty regarding technical and financial hurdles that could delay its implementation. An immediate rebound in supply from these blocked barrels would pressure prices downward; however, any political setback or stalled peace negotiations in other key regions could trigger a bounce.
In summary, the oil outlook continues to be characterized by high volatility, reflecting the constant interplay of supply and demand data as well as geopolitical tensions.
Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
USOIL Reversal in Motion? Key Levels You Can’t Ignore!Market Structure Breakdown:
🔸 Daily Timeframe:
• We initially identified a double-bottom formation, signaling a bullish push to grab liquidity above previous highs.
• However, buyers failed to sustain momentum, leading to a structural shift.
🔸 H4 Timeframe:
• Strong impulse move downward, breaking key structure.
• Formed a lower high, indicating seller control.
🔸 H1 Timeframe:
• Entry confirmation: Lower high + structure break + retest.
• Current Position: Short trade floating +142 pips in profit.
• Stops secured in profit = No risk on the trade.
🎯 Next Targets & Key Levels:
✅ Target 1: Sweep 7040 low.
✅ Target 2: Potential drop to 7026 if momentum continues.
⏳ Crucial Confirmation Needed:
• If today’s bearish candle closes above average, it will confirm a true lower high and increase chances of breaking consolidation to move lower.
🛠 Trade Management:
• Profits taken at: +30 pips, +60 pips, +100 pips.
• Current floating: +142 pips.
• Overall target: +212 pips (1:5 / 1:6 RR).
• If we break consolidation, we’ll trail TP and maximize gains.
This trade is a textbook example of a failed bullish push leading to a structural breakdown. With stops locked in profit, we’re letting the trade play out risk-free, while looking for further downside expansion.
If you’re tracking USOIL, keep an eye on these key levels and watch how price reacts! 🚀📊
USOIL POSSIBLE SELL?The market is currently testing the current Daily 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 SELLERS 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
WTI Crude oversold bounce The WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 7300. An oversold rally from the current levels and a bearish rejection from the 7300 level could target the downside support at 7100 followed by 6955 and 6870 levels over the longer timeframe.
Alternatively, a confirmed breakout above 7290 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7360 resistance followed by 7455 levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Crude oil may bounce, but $70 is the magnetStocks of crude oil have not changed much since the end of January, in a plateau. That had stopped a losing streak for the WTI light oil contract and boosted a short-term recovery back to technical levels.
Geopolitics is a bearish factor, as US-Russia talks may create expectations of lifting some sanctions, so in a medium-term, Crude oil would probably stay around $70.
Technically, USOIL is moving in a correctional upswing having driven by the stagnating stocks in storage, colder weather and technically oversold condition: the price is consolidating below the 20 and 50 moving averages, and the next selling wave may be expected above static areas of resistance of $71 and $71, after which it may again pursue to $70 area as shown at the chart.
Don't forget to always do your own reserch and manage your risk!
OIL Short Term RecoveryFor the next few days, I expect a recovery of oil price targeting blue resistance around 74.50
This is supported by:
- Bullish RSI divergence in the recent low
- No RSI divergence on the recent high
- Break of green descending trendline.
US OIL AnalysisTechnically, seeing the 30-minute time frame chart USOIL breaks the uptrend and I am planning a Short/Sell position in it when it retraces to its supply area marked on the chart.
You guys can manage your risk accordingly.
USOIL Will Go Down! Short!
Here is our detailed technical review for USOIL.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 7,215.2.
The above observations make me that the market will inevitably achieve 6,999.3 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.
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Can oil's price to rise? 🔥 Friends, the market is heating up!
Bears have pushed oil down to a key support level – $72 per barrel. This is the last point where wave (5) of the impulse could start forming.
📉 Bearish scenario: A break below this level could send oil to new yearly lows.
🐂 Bullish scenario: We see a bullish divergence on the H1 chart, and the price is testing the upper boundary of the descending regression channel. If the bulls manage to break $73.52, we consider it reasonable to buy with targets at $75.90 and $78.50.
⚠️ Risk factor: Oil remains highly volatile due to news events.
Additionally, Trump is once again threatening new sanctions on Russia’s oil sector and a 25% tariff on goods from Canada—which the market may see as a potential catalyst for growth.
📊 Trade carefully and don’t forget stop-losses!
What’s your outlook? Share your thoughts in the comments!
Oil Reversal in Sight? Technical Analysis🚀 Oil (XTI-USD) Reversal in Sight? Technical Analysis 📈
On the 4H chart, oil is holding above the 70.00 support level and attempting to break 71.20. If bulls manage to secure this level, we could see a move toward the local high of 73.10.
Technical signals supporting growth:
✅ RSI and Momentum divergence on 4H
✅ Attempt to break above the Alligator’s jaws on 1H
✅ Possible corrective move after the recent decline
USOIL WTI Crude OilWTI Crude Oil (USOIL) has successfully broken above the descending trend-line, signalling a potential trend reversal. After the breakout, the price has retraced back to retest the trend-line support, confirming its strength as a new support level.
Key Technical Observations:
✅ Trend-line Breakout & Retest – The price has broken the downward trend-line and is now finding support around $70.800, indicating a shift in momentum.
The price is currently trading above the 21-period and 50-period Exponential Moving Averages (EMAs), which further confirms the bullish momentum and potential for an upward move.
✅ Targets for the Upside:
Target 2: $71.900 (First resistance level)
Target 2: $72.600 (second resistance level)
Target 2: $73.500 (Major resistance level)
✅ Support Level: $70.800 – Holding above this level strengthens the bullish outlook.
USOIL: Heavy trading plan is comingOPEC's production cut plan is about to be implemented, oil prices are about to rise sharply again, and geopolitical uncertainty has once again accelerated the growth of oil prices.
Technical support still exists. 72.4-72 is a reasonable trading range. As a short-term retracement point, this position has a strong support strength. The next round of USOIL is expected to exceed 73, or even reach 75.
Based on the above, the following operation suggestions are given for reference:
USOIL:
BUY 72.4
BUY 72
TP 73.12
TP 73.68
TP 74.48
SL 71.7
WTI Oil H1 | Falling to 61.8% Fibonacci pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 72.29 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 71.55 which is a level that lies underneath a swing-low support.
Take profit is at 73.34 which is a swing-high resistance.
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WTI Prices Recover Above $72WTI crude oil has rebounded to the $72.50 zone over the past four trading sessions, primarily after a recent drone attack by Ukrainian forces that damaged a key pipeline in southern Russia. The estimated damage could reduce oil exports from this region by up to 30% for at least two months. This new unexpected supply disruption has supported short-term demand for crude oil.
Additionally, ongoing trade war concerns have boosted demand for crude as an inflation hedge, reinforcing short-term bullish sentiment.
The Range Remains Stable
For now, WTI continues to trade within a well-defined range between:
$78 resistance (upper boundary)
$66 support (lower boundary)
Currently, the price is hovering near the middle of this neutral range, showing no clear directional trend. As long as price movements remain within this area, a clear breakout may take time to develop.
Neutrality Prevails:
RSI Indicator:
The RSI line maintains an upward slope, but price action remains neutral around the 50 level, the indicator’s equilibrium point.
This suggests a balance between buyers and sellers over the past 14 periods.
TRIX Indicator:
The TRIX line is currently reaching the 0 neutral level, reinforcing that the exponential moving average momentum remains neutral.
Both indicators confirm that the market remains in a consolidation phase, requiring stronger movements to establish a clearer trend.
Key Levels to Watch:
$78 – Major Resistance: Upper boundary of the current range. A breakout to this level could revive bullish momentum, similar to the buying pressure seen in early December.
$66 – Key Support: Lower boundary of the sideways channel. A drop near this level could strengthen bearish sentiment, reinforcing the downward trend observed in January.
$72 – Current Resistance & Critical Level : Midpoint of the neutral range that aligns with 50% Fibonacci retracement along with 50 & 100-period simple moving averages. This strengthens its importance as a key level.
If price continues oscillating around this zone, the sideways range could persist in the coming sessions.
By Julian Pineda, CFA – Market Analyst
USOIL (WTI) - New uptrend? Based on the technical analysis of West Texas Oil (WTI) on the 4-hour timeframe, we're monitoring a potential bullish setup. If the price successfully breaks above the upper blue box resistance zone around 74.000, we'll maintain patience and wait for a healthy retracement. Once we observe clear confirmation signals during this pullback, such as bullish candlestick patterns or strong momentum indicators, we can look to enter long positions. The anticipated target would be the previous resistance level marked by the red horizontal line at approximately 80.800.
Oil on the rise!?Recent COT data shows a decrease in short interest from commercial money, potentially signaling a shift in sentiment.
Seasonal trends also support a bullish outlook for oil, with historical data indicating a strong price rise between February 7 and March 5. Over the past 34 years, oil has gained 69.7% of the time, with an average increase of 4.79%.
From a technical standpoint, the price has broken higher from a corrective channel, suggesting further upside potential. A move toward the early 2025 highs of 80.44 could be on the cards. A breakout above this level would confirm a large bottom formation, paving the way for further gains in the months ahead.
Trade setup: Buy on dips to 72.26, with a stop loss at 69.90, targeting a move to 80.44.
