Trend is Your friend Took 2 years to understand the above . I kept thinking I knew when the reversals happen and lost over 200k in the process. Still love to trade and one day it will come back even that I know 2 things will make your successful in this game
1 # most important RISK MANAGEMENT
2 # Trend is your friend stick to higer timeframes stop the 1 and 5min charts
3 # Fibonacci is king
4 # trendines and S/R Matter wait for retest
5 # chart patterns is a must for reversal wait for W OR M then Fibonacci it
Anyhow you get told all these things as a newbie but takes time to get it through your thick skull not saying I have mastered it .
Lastly to all newbies stay away from NATGAS she will either make you or most likely destroy. Forget indicators !
Anyhow else love to trade like me
SPOTCRUDE trade ideas
What do silver and oil have in common? Price.Since 1861, silver and crude oil charts have trended together rather well.
So, if you think there is a "cartel" which manipulates the silver, there must also be manipulating crude oil.
Or, the more logical explanation is that capital flows are carving out these price charts.
USOIL – Buyers Might Be Waking UpFrom last week, USOIL dropped aggressively from the 65.27 resistance zone and hit our 57.00 support target — a level we’ve been watching closely.
Now here’s where it gets interesting…
Current Observation:
The 57.00 support seems to be holding strong.
We’re starting to see signs that sellers might be losing momentum around this zone.
Price has reacted with a bounce, and if it sustains above 57.00, we could see the buyers step back in.
What I'm Watching:
– A confirmed hold above 57.00 could offer a buy opportunity, targeting to see a break above 59.5 first, then possibly 61.8 – 62.0.
– However, if 57.00 breaks, I’ll be shifting bias back to the downside, watching 55.10 next.
Key Levels:
– Support: 57.00 → 55.10
– Resistance: 59.5 → 62.0 → 65.27
At this point, it's all about how price reacts around 57.00 and 59.50.
A bounce and strong close above? I’ll be looking to go long.
Failure to hold? The sell pressure might continue.
Let’s see how this plays out. Trade safe.
USOIL CAUTION! BREAK - TEST - GO!This is my new updated chart of Oil.
Trump's "Drill baby Drill" interfering with the free market is the absolute worst thing he could do. His ridiculous tariffs will put us in an economic depression!
Oil prices are driven by demand! As I have mentioned here on TV so many times before! Increasing supply while heading into a recession is the dumbest thing possible! You never want to consume your own oil when you can consume others first! Simultaneously, F your own nation's oil company's profit margins and gov tax revenue!
This is why we shouldn't put toddlers as POTUS!
Anyway!!! This is a break test go! setup!
If you haven't seen it before, here is an example I recently posted with AAPL.
Click Boost, follow, subscribe! Let's get to 5,000 followers so I can help them navigate these crazy markets too. ))
USOIL trading alerts. Pressure and support.Oil also fell according to instructions. I just forgot to remind you. Sorry, but the profit is quite good. Sell short from 58.7. Then the lowest reached 56.34
But today in the New York market, USOIL rose again above 58. From a fundamental perspective. The market will continue to fall under pressure. But from the trend, we need to pay attention to the support of 58. If it does not fall today, it is likely to continue to fall based on Friday's trend. The pressure level near 59 needs to be paid attention to. In terms of operation, it is still mainly selling at high levels.
Always remind trading risks. So don't ignore this. If you don't know how to trade. Remember to wait and see. Don't trade blindly or gamble.
Many investor friends know that I have led some investors to create good profits for several consecutive days. If you don't know how to trade, remember to leave me a message and try it. Maybe your profit will double.
Can oil prices continue to be shorted? Of courseSaudi Arabia made a major strategic shift, willing to accept low oil prices and unwilling to cut supply.
Oil prices fell sharply as a result.
It is expected that oil prices will hit 55-56 in the short term, so the operation is still mainly shorting oil prices. Overcapacity.
OIL: Very bearish Monthly closeOIL ST/MT Outlook: Sell
From FA perspective, Oil is in downtrend:
1- Worldwide recession is/will create a lower demand for oil.
2- Risk: Agreements between Iran-USA and Ukraine-Russia will fade out any risk related.
From TA perspective:
1- Monthly close is a strong bearish. A continuation down is expected.
2- Next major stop is around $40.
USOIL BEARISH BIAS RIGHT NOW| SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 63.13
Target Level: 61.78
Stop Loss: 64.03
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
Oil is Doomed: Time to SELL (Part 1/3)A Perfect Storm for Oil Has Begun
The start of April triggered a brutal selloff in oil, and it's only the beginning. Here’s why:
🛑 Global Trade Wars
On April 2nd, Trump launched a full-scale trade war. New tariffs could reach 23% — the highest in a century. China, the world’s largest oil importer, now faces 145% tariffs. Global trade slowdown = weaker demand for oil. Result? Oil dropped 10% in just 2 days — one of the worst drops in history.
📉 US at Risk Too
Goldman Sachs raised recession odds from 15% to 35%. Atlanta FED sees weakening GDP. The whole world slows down — and so does oil demand.
🛢️ OPEC Surprise Output Hike
OPEC+ has started increasing output — over 2.2 million barrels per day in 2025. The April hike alone was supposed to be 138,000 bpd, but turned out to be 411,000 bpd — triple the forecast. This is a MAJOR bearish shock to the market.
Flashback: Spring 2020 — OPEC raised output during an economic crisis. Oil dropped 65% .
USOIL... 1D CHART PATTERNHere's my USOIL (WTI Crude) trade setup.
- *Trade Type:* Sell
- *Entry Price:* 57.74
- *Stop Loss (SL):* 65.54
- *Take Profit (TP):* 51.40
*Quick Risk/Reward Analysis:*
- *Risk:* 65.54 - 57.74 = *7.80*
- *Reward:* 57.74 - 51.40 = *6.34*
- *Risk/Reward Ratio:* 6.34 / 7.80 ≈ *0.81*
*Comment:*
This setup has a risk greater than the potential reward, which is not ideal. A better trade usually has a risk/reward ratio of at least 1:1, preferably 1:2 or more. You might consider adjusting your TP or SL, or confirming the direction with technical/fundamental analysis.
Shorting the USOIL Looking at the longer trajectory of the Oil chart, I am not too bullish and optimistic about its future.
Weekly chart reveals it is still trending down in the channel with mid Jan this year giving the bulls a false hope only to falls further south. I expect the price to slightly moves up to the resistance level (OR higher to create a bull trap) at 66.08 before it comes down again. My profit target is around 51.54.
The risk/reward ratio looks good to me. Always have a STOP LOSS no matter how confident you think you are in your charting. IT is still based on probability from historical patterns and it may or may not repeats itself........Nothing is 100% certain in today's volatile market.
Please DYODD
USOIL – Key Levels in Play. Here's What I'm WatchingAfter rejecting the 65.27 resistance, USOIL sold off sharply, dropping to the 59.5 support zone — just as anticipated.
This confirms that the market is still respecting key support and resistance levels and trend lines.
Current Scenario:
Price is sitting around 59.5. If this support holds, we could see a corrective move (buy) back to the 62 region. But that zone is now a strong area of interest — previously a broken support, now likely to act as resistance.
Here’s my game plan:
– If price pulls back to 62 and fails to break above, I’ll be watching for a sell setup targeting the 57 or even 55 area.
– If price breaks and holds above 62 with momentum, then I’ll re-evaluate for possible upside continuation.
– Right now, a short-term buy from 59.5 to 62 is valid, but it's riskier. The safer bias remains to the downside until 62 is broken cleanly.
So, while buyers might attempt something from current levels, the dominant trend and structure still favor the sellers — especially below 62.
Short on Oil/Back to 57$ SOONI believe we can continue the retest of previous major support level at 65-66$ and fibonacci 0.618. This major support will be flipped to resistance in my opinion. We can see a significant sell-off back towards the 57$ area and below from this location.
I will be looking to enter a short trade from the 0.618 region/66$ if there is a rejection.
My mid-term/end-of-year prediction for US OIL is between 45-50$ and possibly lower.
If you believe in the fundamentals and idea of this setup, feel free to follow and use it.
Not financial advice.
WTI Crude Oil selling pressure below 6200The price sentiment for WTI Crude Oil remains bearish, in line with the prevailing downtrend. Recent price action shows an oversold rally, which has stalled near a previous consolidation zone around 6200 — a key resistance level.
Key Resistance Level: 6200
This level marks a previous intraday consolidation area and could act as a ceiling for the current rally.
Bearish Scenario:
If WTI fails to break above 6200, it may resume its decline toward:
5860 (near-term support)
5713
5550 (longer-term support)
Bullish Scenario:
A confirmed breakout and daily close above 6200 would shift momentum and open upside targets at:
6375
6533
6700
Conclusion:
WTI Crude Oil remains under bearish pressure unless it breaks and closes above 6200. Traders should monitor this level closely for signs of rejection or breakout.
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