oilOANDA:WTICOUSD
oil its look uptrend to break the last high when price reach the 70.80 you want to enjoy your profits or move sl to entry price and wait until reach the target
WTI trade ideas
OIL/US -looking bullish in 1H ChartUS/OIL If you're sharing your analysis or perspective on the 1H chart of US Oil, it's good to add some context to your post to engage your audience. Here's how you could phrase it:
"US/OIL - Looking Bullish on the 1H Chart 📈
The trend is showing strong bullish signals, supported by .
Keep an eye on the resistance at and potential pullbacks to .
What are your thoughts? Are you bullish or bearish on oil right now?"
Would you like help crafting a more technical or casual tone, or even adding visuals to go with your post?
USOIL USOIL is still in an uptrend. Previous analysis on 1/12/2024, the price is up as expected and we expect the price to test the resistance zone 78-79. If the price cannot break through the 79 level, we expect the price to go down in the short term. 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 😊
❤️ Like and subscribe to never miss a new idea!
USOIL Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for USOIL below:
The price is coiling around a solid key level - 76.54
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 75.36
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
USOILUSOIL approached a supply level which can act as a resistance to push it down but incase whereby we breakout of the supply a possible pullback and bullish opportunities would come into play
Crude Oil Next Target 80 dollar..May Retrace a bit if opens FlatAs mentioned in previous post of 4th January.....Target of 77.8 ..very closer to 78 dollars has achieved. ...
As Crude-oil has not taken proper retracement yet...we can expect a sharp fall on Monday if its open at flat note....RSI and 200 EMA in Daily time frame supporting Bullish side of Crude Oil...so if its a Gap Up Opening we may see the target hitting of 80 Dollars.
$USOIL USOIL WT CRUDE OIL Descending TriangleTVC:USOIL USOIL WT CRUDE OIL price action has formed a Descending Triangle on the Weekly timeframe.
Current Price: 70.3
In previous years, #USOIL reached a high of 149 and retraced to a low of 66.4 (A retracement of over 50%)
A breakout of Descending triangle can lead to higher prices: 73.9, 84.4, 94.3
A break below 66.4 can lead to prices down to 42.7!
It remains to be seen...
Oil Technical Analysis: Breaking a Historical Trendline As anticipated, oil continued its upward movement and has now broken a significant historical trendline. This breakout could pave the way for oil to reach the $80 resistance level.
There is a likelihood of the price touching the marked supply zone, which could attract more buyers. This zone presents a potential opportunity for entering a buy position.
USOIL TRADE SETUP ALERT!USOIL TRADE SETUP ALERT!
Market Sell Liquidity Sweep Complete!
Now, we're waiting for:
WEEKLY FVG (Fair Value Gap) RETEST
Strategy:
SELL ENTRY: If market retests above FVG, we'll take a sell entry till FVG.
BULLISH TRADE: If market approaches the bullish FVG, we'll take a long trade.
Get ready to trade!
USOIL Will Go Down From Resistance! Short!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 76.573.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 72.081 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
Oil UpdateOil Update
We talked before about oil around the entry points 67.800 and 69.750
And we have investment or speculative targets with a little patience as targets of $81
And we have set the priority targets
72.5
73
74
74.50
75
Today we are at the level of $77 Are you happy!
US OIL BREAK THERE TARGETHey there on 1HTF US oil change there shape we have seen mostly bearish but this year we could possibly seems to break there all time high level 77$ breaks
And now we could possibly seems there previously years we had seen 80$ to 90$ per ounce so we could see also this zone breaks and will continue push upside
Good luck🤞
USOIL Potential UpsidesHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 75 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 75 support and resistance area.
Trade safe, Joe.
Oil Driven by Economic and Geopolitical FactorsOil prices have experienced a remarkable surge, with gains reaching nearly 5% at the peak of the session, marking one of the most positive trading days since late 2023. While part of the initial momentum has moderated, crude remains substantially up, around 3%, largely driven by the strength of the U.S. labor market, as revealed by the recent Non-Farm Payrolls (NFP) data.
This solid performance in U.S. employment reinforces the outlook for a robust economy, which in turn exerts upward pressure on commodity prices, especially energy commodities like oil. This rebound is not an isolated event. Crude has found a new support level around $67 per barrel for WTI, driven by factors such as the increase in fuel demand due to recent winter storms, the ongoing production cuts by OPEC+, and expectations of potential sanctions under the new administration.
The December 2024 NFP data far exceeded market expectations, with the creation of 256,000 jobs, the largest increase in nine months, compared to the 160,000 forecast. This figure, alongside other positive economic indicators such as the services PMI and job openings, strengthens the narrative of a resilient U.S. economy.
The robust U.S. labor market acts as a catalyst for energy demand, driving oil prices higher. This economic dynamism, combined with geopolitical factors and decisions by OPEC+, creates a complex yet favorable environment for crude in the short term.
Beyond short-term factors, the production strategy of the new administration will play a crucial role in the evolution of oil prices. Plans to increase production by over 3 million barrels per day could have a significant market impact.
The projected increase in oil production by the administration introduces a key uncertainty. This could limit upward price pressures and potentially shift the balance in the global oil market.
In summary, oil prices are currently in a period of notable dynamism, driven by a combination of economic, geopolitical, and strategic factors. The strong U.S. labor market, the supply restrictions by OPEC+, and expectations surrounding the new administration shape a complex scenario that markets will closely monitor. Recent economic data, with an unexpectedly strong labor market, suggests economic resilience that supports energy demand. However, the potential increase in domestic production could temper this momentum. The balance among these factors will determine the trajectory of oil prices in the coming months.
Oil UpdateOil Update
There were good entry areas between 67.800 and 69.750 and now from the latest update
Oil breaks the red resistance line
Oil flutters upwards 73
You have to watch the stability of the daily and weekly closing above this line otherwise we will return to the 67 areas
As an investor be steady and any decline is a target for buying and investing in the medium and long term and the targets are above $81
I hope everyone benefits
oil My friends, oil is still going up as I looted you previously.
Now the price is approaching the point I talked about 74.5.
We will continue to update continuously whether it continues to rise or fall.
Crude Oil has potential to reach $150 in next 3 years?Triangle pattern break out is evident on Crude Oil weekly time frame.
It has potential to take Crude oil to $150 with Following targets,
90 / 95/ 105 / 120 / 130 / 150
#CrudeOil
Oil to 77$After the sharp and strong move that oil has had in recent weeks, it will once again start its attempt to reach higher levels. In this path, it can start its movement by relying on lower levels such as $71, which is on the trend line, or it can directly test its chances of reaching $77.
OILUSD # 002 ( LAST Gann Fan line support for fly !!! ) Hello dear traders.
Good days.
First of all Thanks For Your Support and comments.
———————————————————————————
OILUSD is consolidating with holding 8*1 Gann fan line for 0.25 and 0.382 Gann box target .
On reversal time zone expected to reach itself to the two mentioned targets.
Safe trade and good luck
WTI Crude Oil on a daily timeframe (D1). Here's a detailed breakKey Elements in the Chart:
Price Movement:
The price is currently at $76.23, showing a bullish move of +2.67%.
There is a visible uptrend after bouncing off a support zone.
Key Levels (Green Horizontal Lines):
$72.95: A significant support level.
$82.00, $84.28, $86.64, $88.92: Potential resistance levels, with $88.92 being the upper target.
Descending Trendline:
A long-term descending trendline acts as resistance, and the price appears to be breaking out or retesting this line.
Target Zone:
Marked in yellow, indicating a potential short-term target where the price may consolidate or face resistance.
Wave Analysis:
Labeled "a," "b," and "c," it represents a corrective or impulsive wave structure, suggesting a move towards higher levels.
Gray Box (WCL):
A key area of accumulation or support, possibly a weekly close level (WCL), where significant buying interest occurred.
Projection:
The white arrow indicates a potential bullish continuation towards higher resistance levels. A pullback might occur near the green zone before the next leg up.
Observations:
Bullish Momentum: The breakout above resistance suggests further upward movement, provided the price stays above $75.37–$74.54.
Next Resistance: The target is likely $82.00–$84.28 if the breakout is confirmed.
Pullback Scenario: If the price fails to hold the breakout level, a retest of the WCL zone or $74.54 is possible.
Strategy:
For Buyers: Look for confirmation of the breakout above the trendline and target higher resistance levels.
For Sellers: Watch for signs of exhaustion near the target zone or resistance areas.
Crude oil surges higherCrude oil shot higher in early trade this morning. Front-month WTI has added close to 3% and has surged back above $75 per barrel. This takes the price back up to levels last seen on 10th October, and the move adds legs to the current rally which began before the Christmas break. Credit for the latest strong upside move is being given to the freezing weather conditions across Europe and in parts of the US. The situation isn’t improved by concerns of low inventories. At the same time, this three week rally has seen the daily MACD push up into territory last seen in early July, when front-month WTI was trading above $83. Prices subsequently fell back sharply. While the immediate fundamentals are quite different now compared to the summer, it shouldn’t be a surprise to see some sort of pullback and consolidation. At the same time, markets can continue to run at overbought, or oversold, levels for much longer than often seems reasonable.
