XTIUSD downsideLooking at this as a sell opportunity.
Interested to see what price will do if it reaches 64.42 as historically price has reacted around this area.
SPOTCRUDE trade ideas
Crude Oil Analysis Based on Chart (Double Bottom Breakdown)Technical Overview:
Pattern Formation:
The chart suggests a double bottom breakdown setup. A double bottom is typically a bullish reversal pattern, but if the price breaks below the support (previous lows), it invalidates the bullish expectation and turns into a bearish breakdown scenario.
Breakdown Confirmation:
The neckline (previous low) is crucial in determining whether the pattern will hold or break.
If the price sustains below this support, a downward move is likely to continue.
Target Calculation:
The expected target is derived by measuring the distance between the swing high and the double bottom support, then projecting it downward from the breakdown point.
According to the chart, this calculation aligns with a target near $60.
Volume Analysis:
Increased volume during the breakdown would provide stronger confirmation that the pattern is valid. If volume is low, the breakdown might be a false signal, leading to a potential reversal.
Key Levels to Watch:
Breakdown Level: The double bottom's support level.
Resistance Area: The recent swing high.
Target Zone: Around $59 (measured move projection).
Invalidation Point: A sustained move above the previous resistance zone would invalidate the bearish outlook.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Traders should conduct their own research and consult with a financial professional before making any trading decisions. Market conditions can change, and risk management is essential when implementing any trade strategy.
USOILHello friends
Due to the price falling in the identified support area, buyers were able to support the price, but given the weakness of the trend we are witnessing, it seems that sellers have more power...
Now, for the price to rise, the identified resistance must be broken, and for the price to fall, if the support is broken, the price will continue to fall.
*Trade safely with us*
USOIL BUY!!!Hello friends
Given that the price has reached good support, we now see that the price has made a good comeback...
We can enter the trade with capital and risk management and move towards the specified goals.
*Trade safely with us*
Next Week's Trading Blueprint for USOILThis week, U.S. crude oil closed at $67.18, with a weekly increase of 0.2%. Next week, there is sufficient upward momentum. The United States has tightened sanctions on Iran, and there is a risk of supply contraction. Moreover, the decline in U.S. gasoline inventories far exceeds expectations, indicating strong demand. Technically, if the key resistance level of $69.00 is breached, an upward space will be opened, and the bullish forces are expected to push up the price of U.S. crude oil.
USOIL Trading Strategy for Next Week:
buy@ 65-66.5
tp:69-70
I firmly believe realized profit and a high win - rate are the best measures of trading skill. Daily, I share highly precise trading signals. These include clear entry points, stop - loss levels for risk control, and profit - taking targets from in - depth analysis. Follow me for big financial market returns. Click my profile for a trading guide on trends, strategies, and risk management.
Oil Short - 11RA good opportunity to short Oil has come up.
There is a bear flag on the 4H timeframe…now potentially forming a retest wedge pattern into the point of interest I have marked out.
This is a 1:11.44 R trade and if held to $60.50 which is where I think Oil is heading to by May, then it is an 80R opportunity- though I do think it best to take most of the profits off at the conservative target market out as it could create continuing forming this bear flag higher up.
Risk to reward rating for target 1: 7/10
Chance of success if it follows path: 7/10
Overall rating 7/10
Risk to reward rating for target 2: 10/10
Chance of success: 3/10
Overall rating: 7/10
Potential bearish drop?USO/USD has reacted off the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 68.43
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 69.26
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 66.46
Why we like it:
There is a pullback support level.
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OIL BUY TARGET SUCCESSFUL READ IN CAPTIONSThe chart shows WTI Crude Oil (CFDs) on a 1-hour timeframe, displaying an upward trend in a well-defined channel. Here are key observations:
1. Resistance: The price is currently testing the upper resistance zone around 67.80, with a series of pullbacks indicating a potential reversal. This resistance level has been tested multiple times, and a rejection here could lead to a further downward movement.
2. Support Level: The support level is clearly marked at 66.50, and the price has bounced multiple times from this zone. It acts as a key level to monitor for price reversals.
3. Order Block: An order block is formed around 67.20, suggesting that there is significant buying activity at this level. If the price breaks below this level, it could indicate further weakness.
4. Target: The target is set at 67.64, just below the current price action. If the price breaks below the order block at 67.20, we could expect a pullback toward this target.
5. Potential Downward Move: The price has formed a lower high around 67.50, which suggests the possibility of a bearish reversal. If the price fails to break the resistance at 67.80 and fails to hold above 67.20, it may move toward the target at 67.64.
#XTIUSD BULLISH AFTER CONFIRMING CHOCHXTI created a CHOCH on the 4h chart and is looking bullish with 2 targets in sight.
Once we complete a pullback to the CHOCH area, XTI will be looking at TARGET 1 in the 70.40 zone and once broken, the next target is at 73.00
Always wait for confirmation before placing your trade and use appropriate risk management.
USOIL - ShortUSOIL seems to have finished a correction and presented a setup in lower time frame. Any pullbacks after downwards momentum, I would look for shorts.
USOIL My Opinion! BUY!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 68.97
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 69.31
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
US Crude Oil (WTI) LONG setup
Your **US Crude Oil (WTI) buy setup** is structured with proper risk management in mind. Here's a breakdown of the key elements:
### 📌 **Entry Point: 69.600**
This is the price at which you plan to enter a long (buy) position. You should wait for confirmation (such as support holding, bullish candlestick patterns, or volume increase) before executing your trade.
### 🎯 **Target Price (TP): 71.100**
This is your take profit level, where you will close your trade to lock in profits. The difference between the entry and target price is **1.500 points**, which represents your potential reward.
### 🛑 **Stop Loss (SL): 68.900**
This is the price level where you will exit the trade if the market moves against you. The difference between the entry and stop loss is **0.700 points**, representing your potential risk.
---
### ⚖️ **Risk-Reward Ratio (RRR): 1:2.14**
- **Risk = 0.700 (Entry - Stop Loss)**
- **Reward = 1.500 (Target - Entry)**
- **Risk-Reward Ratio (RRR) = Reward ÷ Risk = 1.500 ÷ 0.700 ≈ 2.14**
Since your **RRR is greater than 1:2**, this is a solid setup from a risk management perspective. It means that for every $1 you risk, you are aiming to gain about $2.14, which is a positive risk-to-reward trade.
---
### ✅ **Money Management (MM) Tips**
- **Position Sizing:** Ensure your lot size aligns with your risk tolerance. Example: If you risk 1% of your account per trade, adjust your lot size so that a 0.700 move against you equals 1% of your capital.
- **Wait for Confirmation:** Look for bullish signals before entry (e.g., candlestick patterns, moving average support, or RSI above 50).
- **Set Alerts:** Use alerts at key levels to monitor price movement instead of staring at charts all day.
OIL Today's strategyThis week, crude oil has been continuously fluctuating within the marked range, with bulls and bears contending with each other. It is necessary to pay more attention to the influencing factors.
we advise you to observe more and trade less.
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US OIL SHORT & LONG TRADESAs I stated yesterday after price rejected from the Diagnonal resistance, I said price could retest and dump further or breakout to higher levels.
I did ioen a short for the dump, but then I checked the trade this morning and realized it's in a breakout trend.
So I closed the short in a small los and capitalized on the long at the point of resting the Trendline which is still running.
Let's see how high price can climb now, currently at a strong zone.
Crude Oil Signal UpdateI have been telling all of you. Some might ignore my signal just because i dont have much followers or boosts, but I proved myself over time.
Its your choice to follow the signal or not.
If you have already invested at least 50k without leverage, you would already be in a profit of 2.5k usd.
For the followers, our first TP is 72(+5~7$ per barrel if you started buying from the signal ive sent). We have 3 more TPs.
Suit yourselves 👍
Long Entry – Technical & Fundamental Breakdown Technical Rationale:
I’ve taken a long position following a liquidity grab during last night’s session. Price is still respecting the broader bullish structure, and the move down to $68.77 appeared to be a stop run, faking out breakout shorts. My next target is the weekly level around $70.50, assuming no major market shocks through the rest of the week.
Fundamental Rationale:
I remain unconvinced by the current peace talks between Russia and Ukraine, this is likely a slow-moving narrative, and the market seems to be discounting it for now. Supply constraints are still in play, particularly after the new U.S. tariffs on Venezuelan oil. Yesterday’s larger-than-expected API crude draw is also supporting prices. Meanwhile, ongoing conflict between Israel and Iranian proxies continues to disrupt Red Sea shipping, adding further pressure to global supply.
COT Data Summary:
Overall decline in positioning signals caution, not outright bullishness.
Managed Money added to shorts a slight bearish tilt.
Institutional positioning (Other Reportables) shows a mild bullish bias.
The market appears to be watching key support levels and waiting on further fundamental catalysts.
USOil: Today's Trading StrategyCurrently, in the daily chart trend, crude oil continues to maintain a slightly bullish sideways trend along the short-term moving averages. At the hourly level, there is no clear trend. You can go long near 68.7.
usoil buy@68.7-68.8
sl: 68
tp: 69.6
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USOIL:Bide one's timeThis week, we've analyzed the reasons behind the short - term strong performance of crude oil. We specifically remind you to pay attention to the price movements within the range of $68.5 - $69.5.
Once again, we advise you to observe more and trade less.
We share various trading signals every day with over 90% accuracy
Fans who follow us can get high rewards every day
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CRUDE OIL LONG SIGNAL|
✅USOIL made a retest
Of the horizontal support
Of 68.60$ so we are bullish
Biased so we can enter a
Long trade with the TP of 69.46$
And the SL of 68.17$
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
US OIL LONG RESULTCrude OIL price broke above the diagonal Trendline resistance flipping to support from which I placed a long trade to the Higher TF major resistance.
Price Action moved exactly as I predicted just missing my entry price by a few cents 😂 and hitting the set TP (it's part of the Trading Game😅).
As we can see currently price has rejected well from the Major Resistance Trendline, from which I'm be waiting for a retest for possible breakout or better holding both Trendline and Zone for a good short, we'll see.
_THE_KLASSIC_TRADER_.
Oil - Expecting Retraces and Further Continuation HigherH1 - Bullish trend pattern in the form of higher highs, higher lows structure
Strong bullish momentum
Bearish divergence on the moving averages of the MACD indicator.
Expecting retraces and further continuation higher until the two strong support zones hold.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XTI/USD (WTI Oil) For Bullishyou can go long now
or
wait for pull-back near by entry point and then go long
general trend is up trend
have fun :)
