USOIL - Bearish Head and Shoulders Hello Traders ! The USOIL failed to break the resistance level (80.148 - 79.652). The price formed a head and shoulders pattern. Currently, The neckline is broken ! So, I expect a bearish move๐ ________________ TARGET: 74.450๐ฏShortby Hsan_BenhmedUpdated 2424121
Hellena | Oil (4H): LONG to area of 82.000 (Wave "5"). Colleagues, all trading instruments are behaving extremely unpredictably right now due to the situation with Trump's inauguration among other things. I see this as an opportunity to redraw the waves. Apparently now the price is developing wave โ4โ and will finish it soon. I expect the price to reaLongby Hellena_TradeUpdated 101025
Moustafa! WTI Crude Oil to surge up still to the upside 21.01.25* Broke the weekly and the daily descending line and made already the pullback and intends currently to settle on and bounce from to the upside towards the mentioned TPs * You can enter from the current level at 76,480 or you could wait till 75,059 so you can decide according the price action you foLongby moustafa_mareiUpdated 8837
WTI OIL Channel Up emerging, aiming at $90.WTI Oil (USOIL) recently broke above its 15-month Lower Highs trend-line that has been keeping it under a bearish trend and is now naturally pulling back. This technical pull-back is so far within the tolerance levels of a bullish trend. The pattern that making use of this trend is a Channel Up, neLongby TradingShot2222
Oil Market Update: Bearish Trend ContinuesOil Market Update: Bearish Trend Continues The oil market is currently facing a bearish trend, with prices experiencing a significant decline. The highest price was recorded on January 15th at $80.73 per barrel, and it has since dropped to $74.50 per barrel, representing a depreciation of nearly 8Shortby KlejdiCuni5513
Bullish bounce?WTI Oli (XTI/USD) is falling towards pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 75.10 1st Support: 73.14 1st Resistance: 77.10 Risk Warning: Trading Forex and CFDs carries a high level of risk to your cLongby ICmarkets1112
WTI CRUDE OIL: Buy opportunity on the bottom trendline.WTI Crude Oil remains bullish on its 1D technical outlook (RSI = 58.480, MACD = 1.830, ADX = 66.542) despite the 4 day selling streak, which pushed the price under the 4H MA50. The HL trendline is still intact though, so technically that is a sound buy opportunity, especially if the 1D RSI hits the Longby InvestingScope119
WTI Oil H4 | Rising into overlap resistanceWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 77.20 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 78.77 which is a level that sits above the 61.8% FibonacShort02:40by FXCM116
WTI Crude Oil Analysis: Demand Zone Reversal and Fibonacci Targewe can see that after breaking the downward trendline (yellow), the price has reached a specific demand zone (purple box). If valid reversal candles, such as a pin bar or engulfing candle, are observed in this zone, a buy trade can be initiated. It is expected that, by holding this zone, the price wLongby Benyaminzap116
Crude Oil Short Trade Idea Iโm considering a short position on crude oil , driven by two key macroeconomic factors: Chinaโs Economic Slowdown : Weakening demand from China, the worldโs largest oil importer, continues to pressure oil prices. Recent data shows slower-than-expected economic recovery, signaling reduced energyShortby MasoudEskandari224