USOIL - high placed? whats next??#USOIL... market just placed a high and if market hold it in that case we can see a drop from here.
don't be lazy here guys.
stay sharp
good luck
trade wisely
WTI trade ideas
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.
Bullish rebound off pullback support?USO/USD is reacting off the support level which is a pullback support that aligns with the 161.8% Fibonacci extension and could rise from this level to our take profit.
Entry: 67.16
Why we like it:
There is a pullback support level that lines up with the 161.8% Fibonacci extension.
Stop loss: 65.80
Why we like it:
There is a pullback support level that lines up with the 100% Fibonacci projection.
Take profit: 69.33
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
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WTI WEEKLY ANALYSIS WTI::=WTI's weekly correction has been completed, now it will go further in the next cycle, I am hopeful that now it will reach the long target, my previous prediction results have been 100%, the target has been fully achieved, today's weekly analysis is also my personal opinion, trade should always be done according to one's own prediction.
OilHello 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!
MY VISION THE US OIL FOR NEXT WEEKSRecent data indicates that U.S. crude oil prices are projected to average around $70.66 per barrel in 2025, with ample supply expected to stabilize prices despite ongoing political uncertainties.
Additionally, Goldman Sachs anticipates a modest short-term boost in U.S. energy production due to current tariff policies, which could influence oil prices.
iven these factors, U.S. oil prices are expected to remain relatively stable in the coming weeks, with potential fluctuations influenced by geopolitical developments and trade policies.
USOIL - at breakout level? what's next??#USOIL.. market perfect breakout in yesterday and now again market just near to his today breakout level or resistance area that is around 67.85-90
keep close that level and if that is clear breakout then we can expect a further drop...
dont be lazy.
good luck
trade wisely
Oil drops againCrude oil rallied sharply last Thursday, but not by enough to push prices into positive territory for the week, let alone the month of February. It went on to sell off sharply yesterday, following a report that OPEC+ would not be extending their production cuts beyond April. The production cuts have been running since May 2023, and have been extended on several occasions. Most analysts believed that OPEC would roll over the cuts beyond April, given the supply dynamics that have kept prices subdued, along with a succession of downgrades to the demand growth outlook. It is now estimated that supply will be boosted by an additional 138,000 barrels per day, mostly from Saudi Arabia and Russia. With Trump’s tariffs on Mexico and Canada kicking in today, and with China retaliating against additional tariffs with levies of its own on US imports, the world trade situation is getting increasingly, and unnecessarily, complex. Front-month WTI continues to trade south of $70 per barrel and this will be its first hurdle on any rally attempt. The daily MACD is in negative territory, but it is not back to the kind of oversold levels from which big rallies have previously begun. Overall, it feels as if the bears have control, having driven back prices from the highs made in mid-January. Back then, crude looked as if it had finally broken out of a downtrend which had been building from September 2023. Crude was lower again this morning, shrugging off some relatively upbeat manufacturing data from China. Investors have yet to be convinced that the Chinese economy is ready to recover from its disastrous property collapse. This saw the evaporation of billions of yuan, with a significant proportion owned by private citizens, and the subsequent loss of confidence.
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WTI WeeklyConsidering all recent political events and the US Gov. efforts in line with wars ending, the Oil price drop is more likely to happen as the weekly chart seems to complete its B triangle pattern and start the C wave.
Crude - Further downside expectedFollow up on this:
Price shot up to test the triangle trendline once again. Now the price is trading very close to a very strong support level.
Based on Elliott Waves, I expect this level to break to make a new low, at least till $58-$60. Since this is the last leg of correction, it is likely to be a sharp drop.
Sell on USOIL ..my idea on USOIL, USOIL current on 4h demand zone. But there's a supply zone formed in the15min that may cause a short term sell.
Crude ProspectGuys, it is time to start buying in from 65 dollars.
GET READY AND FULL IN FROM 65!!!!!!!
We will aim for 80 first averaging 60-65$, SL of 10 dollars😁
USDOILSPOTLong position. Price is retracing. Just testing my theories and backtesting at this stage.
WTI Swing TradingFinal target for this setup is 67.22 which is the support level
Until price is respecting the trendline I'm bearish for OIL
USOIL Short Idea - 4H ChartWTI Crude Oil (USOIL) is currently facing strong resistance at the 70.50 - 71.00 supply zone, aligning with the 200 EMA rejection and previous structural resistance. The price has failed to break above this level and is showing signs of bearish momentum.
Trade Setup:
🔹 Entry: Look for bearish confirmation near the 70.50 - 71.00 supply zone.
🔹 Stop Loss: Above 71.20, beyond recent highs to avoid stop hunts.
🔹 Target: The next major support zone near 66.00 - 66.50, a key demand area.
The trend remains bearish below the 200 EMA, and the recent pullback into resistance presents a potential continuation of the downtrend. If price holds below the resistance zone, expect a further decline towards lower support levels.
📉 Watch for: Bearish rejections, engulfing candles, or lower timeframe confirmations before entering a short position.
🔔 Stay patient and follow risk management! 🚀
OIL UPWARD BEFORE & AFTER READ IN CAPTIONSThis chart shows WTI Crude Oil (CFDs) on a 4-hour timeframe. The price is currently moving within a channel, with key support in the buy zone around 68.59 and resistance at 70.00. After a rise toward the resistance level, the price reached a high of 70.36 before pulling back. Traders may watch for another attempt to reach the target of 70.00 or monitor for a breakout above this resistance.
USOIL is bearishoil made head and shoulder pattern at the end of bearish move and bounce back after failing to continue its downward move .this is a price action pattern confirming bearish setup if the trendline holds . please see what would happen
USOIL REACHES BUTTOM LEVEL!Price fell to a button level in later days of this week and currently stuck around there. What’s the next significant move to expect? Well if the selling pressure persist, we might be expecting a break and further drop in price.
USOIL: Wait Patiently for the Price to RiseI've been suggesting buying when the price of crude oil was around $69. Currently, we've already started making profits. Next, all we need to do is wait patiently for the price to rise. The next target to focus on is in the range of $71.5 to $73. I will keep sending out accurate signals.
In just one week, the account has made a profit and increased from 40K to 150K, and it is on the verge of achieving the target of 200K. If you also need accurate signals or want to copy my trading orders, you can click on the link below the article to obtain them.
