WTI Oil Trade IdeaWTI oil has reached a key support zone and appears overextended on the four-hour chart. I'm considering a counter-trend scalp, as demonstrated in the video. This is not financial advice.
SPOTCRUDE trade ideas
CRUDE OIL (WTI): Classic Smc Trade?!
I see a confirmed bearish trap after a test of a key support
on WTI Oil on a 4h time frame.
A formation of a bullish imbalance indicates a highly
probable movement higher.
Goal - 72.0
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WTI Crude The Week Ahead 17 Feb 25 The WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 7290, 50 Day Moving Average level. An oversold rally from the current levels and a bearish rejection from the 7290 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.
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Buy Opportunity📢 WTI Crude Oil (USOIL) Trade Signal - Long Setup 🚀
📈 BUY WTI Crude Oil @ 70.79
🎯 Target: 75.12 (+6.11%)
🛑 Stop Loss: 69.74 (-1.41%)
⚖️ Risk/Reward Ratio: 4.41
⏳ Estimated Duration: 6 Days 4 Hours
🔹 Analysis:
Support Zones: 70.37 → 69.74 → 66.59
Resistance Zones: 72.26 → 73.31 → 75.13
Volume Profile: Strong demand at 70.00 region
Price Rejection at Support with Bullish Potential
📊 Trade Rationale:
Price reacting at key support level, potential bullish reversal
High risk/reward setup (4.41) makes this trade attractive
Short-term bullish momentum targeting 75.12
🚨 Caution: If price breaks below 69.74, consider invalidation of the setup.
USOIL BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are targeting the 69.83 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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USOIL Potential UpsidesHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 68.80 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 68.80 support and resistance area.
Trade safe, Joe.
WTIhello trader, today the price drop back to main support and we see 4hr bullish candle.. the price will likely reverse but regardless use proper risk management as suggested on the chart... the target level is the resistances as shown.. the price will likely make higher highs based on trend changing...
good luck..
USOIL USOIL is showing a potential sell opportunity following a breakout of the upward trend on the 30-minute timeframe. This signals a possible shift in momentum toward the downside.
Trade Setup:
🔻 Sell Entry Zone: 73.000 – 73.300
🔻 Resistance Level: 73.700 (Key level to watch for invalidation)
Target Levels:
✅ Target 1: 72.300
✅ Target 2: 71.670
✅ Target 3: 70.780
If price respects the resistance zone and fails to break above 73.700, we could see a continuation to the downside toward the listed targets. Confirmation from price action will strengthen the setup before executing trades.
Oil RetreatsOil prices experienced a significant decline after three consecutive days of gains. West Texas Intermediate (WTI) recorded its biggest drop since January, falling approximately 2.5%, partially affected by the latest report from the U.S. Energy Information Administration (EIA). The report revealed an unexpected increase in U.S. crude inventories of 4.1 million barrels, bringing stockpiles to 427.9 million barrels. This buildup comes immediately after last week’s report showed the largest inventory surge since February 2024, with an additional 8.6 million barrels.
These figures suggest that supply is outpacing demand in the short term, exerting downward pressure on prices. Meanwhile, the decrease in gasoline inventories—down by 3.0 million barrels—and distillate products has provided slight support to the market, partially offsetting the negative effect of rising crude stockpiles. However, there was also a sharp drop in oil imports, which fell to 6.3 million barrels per day, down 606,000 from the previous week. If this trend continues, oil-exporting countries like Colombia could face challenges due to weaker external demand.
Beyond supply and demand dynamics, the inflationary outlook in the U.S. has also influenced market sentiment. Higher-than-expected inflation data reinforce expectations of a more aggressive stance from the Federal Reserve, which could keep borrowing costs elevated and put additional pressure on dollar-denominated commodities. Additionally, recent remarks from President Donald Trump regarding a potential negotiation with Russia to end the war in Ukraine have fueled speculation about a possible easing of restrictions on Russian oil producers. If this materializes, it would reduce supply risks from Russia and contribute to bearish pressure on crude prices.
In the medium term, the EIA raised its U.S. crude oil production estimate for 2025 to 13.59 million barrels per day, adding another supply-side factor. In this context, oil prices remain under pressure, reflecting a mix of geopolitical developments, monetary policy adjustments, and growing signs of oversupply in the market.
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USOIL ANALYSISWaiting for certain confirmations but my overall bias is bullish for USOIL. Looking for buys between 2 zones>> 72.00 and 71.500. Lets wait and see.
Could the price drop from here?WTI Oil (XTI/USD) is rising towards the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 72.97
1st Support: 69.54
1st Resistance: 75.99
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USOIL (WTI) - More downside?The price action for the WTI Crude Oil chart shows that the higher probability move appears to be to the downside, targeting the lower orange box around the 70.00 level. The recent price structure has failed to establish any convincing bullish momentum, and after testing the upper orange box around 73.00, the price has shown weakness. Without any strong buying pressure or upside catalyst visible in the current price action, the path of least resistance suggests a continuation of the downward movement toward the lower support zone.
USOUSD, OilUSOUSD is still in a downtrend. The price still has a chance to test the 74.49-74.9 level. If the price cannot break through the 74.9 level, it is expected that the price will go down. Consider selling the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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Buying oil after a failureKeep an eye on the trend line. If it breaks, a buy confirmation will be issued.
WTICOUSD LONG TERM PREDICITIONBasically, this setup is from a monthly timeframe. I usually look for the trend first before entering. So, my analysis indicates a long-term buy, with many strong resistance levels that make it difficult for the price to break through. That’s all, thank you, let the market take its time to rise. :) TYOR (trust your own research/risk).
USOIL NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
USOIL ..in the 1hr time-frame usoil was berish but late in the day there was a swift CHOCH to the upside in the 1hr time-frame. Expert a temporary bullish move. The move is temporary given that daily supply zone lies above the price.
WTI Crude Oil (USOIL) Daily Chart AnalysisCurrent Price: $71.16 (-2.70%)
Timeframe: Daily (1D)
1. Trend Analysis (Bearish Bias)
The price is in a downtrend, as shown by the descending green trendline.
Lower highs and lower lows indicate continued bearish momentum.
The price recently rejected the upper trendline, reinforcing the downtrend.
2. Key Support and Resistance Levels
Resistance Zone: $72.50 - $73.00 (Previous structure resistance).
Minor Support: Around $70.00.
Major Support Zone: $65.00 - $66.00 (Highlighted pink area).
3. Price Action & Market Structure
The recent price action shows rejection from resistance and a bearish engulfing candle, signaling more downside pressure.
A break below $70.00 could confirm further selling toward the $65.00-$66.00 support.
If the price bounces at $65.00, it could trigger a reversal or consolidation.
4. Trading Strategy
Bearish Setup:
Short below $70.00 with a target of $65.50-$66.00.
Stop-loss around $72.50 (previous resistance).
Bullish Reversal:
If price breaks above $73.00, consider a long position with a target of $75.00-$77.00.
Conclusion
The market is in a clear downtrend, and the price is approaching a key support area. A breakdown below $70.00 could lead to further downside, while a strong bounce from $65.00 may provide a bullish reversal opportunity.
Would you like additional indicators like RSI, MACD, or volume analysis?
WTI CRUDE OIL: Aiming at 82.00 long term.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 48.507, MACD = -0.150, ADX = 34.872) as only today it crossed above the 1D MA50, following a correction since Jan 15th. The prevailing pattern is a Channel Up and we are very close to its bottom. The two bullish waves it had already, peaked after at least a +20% rise. As the 1D RSI is already on the S1 Zone, we anticipate a new bullish wave to start gradually and aim at the top of the Channel Up (TP = 82.00).
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USOIL 1H Analysis: Bullish Breakout or Reversal?📊 WTI Crude Oil (USOIL) 1H Chart Analysis 🛢️🚀
Current Market Status
Open: 73.33
High: 73.36
Low: 73.25
Close: 73.26 (-0.11%) 🔻
200 EMA: 72.40
Key Observations
✅ Strong Uptrend 📈
Price is trading above the 200 EMA (red line), indicating bullish momentum.
Recent candles show higher highs and higher lows, confirming upward movement.
✅ Consolidation Zone 📊
Price is currently in a range (orange box), suggesting a potential breakout.
Market is forming small candles, indicating indecision before a bigger move.
✅ Projected Breakout 🚀
The chart shows an anticipated bullish breakout above $74.00 - $74.85 target area (gray box).
If the price breaks above resistance, it may rally towards the next psychological level $75.00+.
❌ Risk Zone (Stop Loss Area) ⚠️
Support zone (bottom of the orange box) at $72.78 - $73.15.
If price breaks below this level, a bearish reversal could happen.
Trading Outlook
💡 Bullish Bias 📈: Look for a breakout above $73.50 - $74.00 for a long entry.
⚠️ Bearish Reversal Risk: A break below $72.78 may invalidate the bullish setup.
🔥 Potential Move:
🚀 Upside Target: $74.85 - $75.00+
🛑 Stop Loss: Below $72.78
USOIL - near resistance? what's next??#USOIL... market just placed his current resistance high so keep close that region that is around 73.40 to 74.00
of market holds that region in that case we can see a drop from here.
otherwise not ..
good luck
trade wisely
USOIL Trend Analysis!Amid upside risks from Trump’s tariffs and downside pressures from policies favoring price cuts and overproduction, oil remains highly volatile, trading above key support levels while maintaining its broader downward trajectory from 2022 to 2025.
Critical support zones to monitor include $69.5, $66, and $64, which have acted as key rebound areas since December 2021. A firm close below the $64 support could accelerate losses toward the psychological $60 level and $55, aligning with the 0.618 Fibonacci retracement of the 2020–2022 uptrend.
On the upside, the upper boundary of the established channel serves as strong resistance near $78. A sustained close above $80 would signal a potential shift in sentiment, eyeing $84, $89, and $95, which align with waves A, C, and E of the triangle pattern, marked by the highs of September 2023, April 2024, and July 2024.
Key events to watch:
OPEC's monthly oil report
Trump’s tariff announcements
Fed Chair Powell’s testimony
U.S. CPI report
Bullish bounce off pullback support?WTI Oil (XTI/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
