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US Crude Oil CFD

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USCRUDEOILCFD trade ideas

WTI reaches key resistance zoneCrude oil prices have been stealthily rising over the past couple of weeks, but now is the real test as prices have reached some important resistance levels. As per the chart, WTI faces a band of resistance from its bearish trend line, 200-day moving average, and prior support and resistance, all converging around the psychologically important $75.00 level. Specifically, the resistance range comes in between $74.55 to $77.50. Yesterday's bearish price candle was the first sign of a potential reversal, although we haven't yet seen any downside follow-through. Support comes in around $71.50, the base of the recent breakout. Below that, $70.00 is the next downside target, followed by the recent lows. By Fawad Razaqzada, market analyst at FOREX.com
TVC:USOILShort
by FOREXcom
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.
PEPPERSTONE:SPOTCRUDE
by Pepperstone
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
TVC:USOILShort
by AnabelSignals
1
USOIL: Key Levels and Trend Direction AnalysisUSOIL Analysis The price has stabilized above the pivot line and closed the daily candle above it, indicating a continuation of the bullish trend gradually toward 75.35. A retest of 72.75 is possible before pushing up again. On the other hand, a 4-hour candle closing below 72.74 would confirm a bearish trend, targeting 71.78. Key Levels: Pivot Line: 73.40 Resistance Levels: 74.40, 75.35, 76.10 Support Levels: 72.74, 71.78, 70.50 Trend outlook: Bullish: While above 72.75 Bearish: If 72.74 is broken
TVC:USOILLong
by SroshMayi
Crude oil Is Approaching ResistanceCrude oil is coming higher on 4h time frame, out of a wave B bullish triangle that we have been tracking through December. Well, we know that moves out of a triangle are final in a sequence, so we can expect limited upside, and ideally, this will cause the completion of wave E rally of a larger bearish triangle pattern. It's now approaching an important resistance at 74-75, its gap from mid-October, right at the upper side of a triangle. There is a chance for a turn soon. A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. It’s a region of horizontal price movement, a consolidation of a prior move, and it is composed of “threes.” That means each of the A-B-C-D-E waves have three subwaves. The triangle pattern is generally categorized as a continuation pattern, meaning that after the pattern completes, it’s assumed that the price will continue in the trend direction it was moving before the pattern appeared. However, triangles also indicate that the final leg is coming before a reversal and that’s why triangles are labeled in wave B, wave X or wave 4.
BLACKBULL:WTIShort
by ew-forecast
USOIL WILL GO DOWN FROM RESISTANCE!? (READ CAPTION)I Expected In TVC:USOIL Touch Now The Resistance Zone (79.00/80.00) What Do You Think? Can USOIL Start Now Bearish Movement Or Not!? Here Is Good Resistance Area, USOIL Seems To Be Downward After Making Double Top Pattern In 30M At The Resistance Level Note: If USOIL Break The Given Resistance (79.00/80.00) Any D1 Candle Close Above This Resistance We Can Expect More Pump Note: There Is A Possibility That USOIL Will Drop Sharply. Please Respect Each Other's Ideas And Express Them Politely If You Agree Or Disagree. USOIL Analyze (USOIL), 4-hour Time Frame Trade Setup: Entry: (78.50/79.50) Target1 75.00 Target2 73.00 StopLoss: If D1 Candle Close Above The Resistance Then Close Your All Sell Trades Be Sure To Follow The Updated Ideas. Do Not Forget To Put Stop Loss For Your Positions (For Every Position You Want To Open). Please Follow Your Strategy And Updates; This Is Just My Idea, And I Will Gladly See Your Ideas In This Post. Please Do Not Forget The Like Button & Share It With Your Friends; Thanks, And Trade Safe.
TVC:USOILShort
by TheForexAdventures
4
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!
FX:USOILShort
by SignalProvider
1
USOIL Bearish Setup: Reversal from Supply ZoneUSOIL is at a significant supply zone, marked by historical price rejections and strong selling pressure in the past. This zone has previously acted as a turning point, where sellers regained control, driving prices lower. The recent bullish rally has pushed the price into this critical resistance area. However, given the strength of this supply zone and the overextended bullish move, there is a high probability of a bearish reversal if price action confirms rejection (e.g., bearish engulfing candles or long upper wicks signaling selling pressure). I anticipate a bearish move toward the 75.50 level, which represents a logical target for this setup.This setup aligns with the expectation of a potential correction within the broader market context. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
TVC:USOILShort
by DanieIM
US Crude Oil: Key Bullish Levels and Fibonacci InsightsTVC:USOIL US Crude Oil: Key Bullish Levels and Fibonacci Insights Analysis: The chart provided is a 4-hour timeframe of US Crude Oil (WTI) with various indicators and annotations. The chart shows price action, Smart Money Concepts (SMC), and Fibonacci retracement levels. Price Action and SMC: Change of Character (ChoCH): Multiple ChoCH points are marked, indicating shifts in market structure. Break of Structure (BOS): BOS points are also marked, showing significant breaks in the market structure. Support and Resistance Levels: Key levels are marked at 74.98, 74.64, 72.52, 71.37, 70.95, and 70.01. Fibonacci Retracement: The Fibonacci retracement levels are drawn from a recent swing low to swing high. Key Fibonacci levels are 0.382 (74.03804), 0.5 (73.71), 0.618 (73.38196), and 0.786 (72.91492). Volume Profile: The volume profile on the right side shows high trading activity around the 70.01 level, indicating strong support. Relative Strength Index (RSI): The RSI is currently at 67.65, indicating that the market is approaching overbought conditions but still has room for upward movement. Buy Strategy: Entry: 74.00 (near the 0.382 Fibonacci level) Take Profit 1 (TP1): 75.10 (110 pips) Take Profit 2 (TP2): 76.00 (200 pips) Stop Loss (SL): 73.00 (100 pips) Sell Strategy: Entry: 72.50 (near the 0.786 Fibonacci level) Take Profit 1 (TP1): 71.50 (100 pips) Take Profit 2 (TP2): 70.50 (200 pips) Stop Loss (SL): 73.50 (100 pips) VIP Signal Buy: entry 74.00 tp1 75.10 (110 pips) tp2 76.00 (200 pips) sl 73.00 (100 pips) Sell: entry 72.50 tp1 71.50 (100 pips) tp2 70.50 (200 pips) sl 73.50 (100 pips) Follow @Alexgoldhunter for more strategic ideas and minds This analysis integrates Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies to provide detailed buy and sell strategies. The Fibonacci retracement levels, volume profile, and RSI indicators highlight key areas of interest for optimal trading decisions.
THINKMARKETS:WTI
by Alexgoldhunter