CRUDE OIL LONG RESULT Oil price broke out of Diagonal Resistance Trendline and retested and consolidated around the zone for before finally pumping in our direction and hitting our TP.
_THE_KLASSIC_TRADER_.
USCRUDEOILCFD trade ideas
Crude oil's Strong Return: Exclusive Trading Strategy and LayoutOverall, yesterday's market can be considered as a one-sided upward trend within the day. Both crude oil and gold gave a wonderful performance on the upward path yesterday. Gold reached a record high yesterday, and crude oil didn't show any weakness either, breaking through the $71 mark in one go. Traders who followed John's advice yesterday are believed to have reaped good profits. The data released by the US Energy Information Administration yesterday showed a decrease in production, which further pushed crude oil above $71 and to the current high of $71.8. Every time crude oil is at a crucial juncture and needs to choose a direction, there will be bullish news in the market to support it. This is caused by the excessive instability resulting from the current turbulent international situation, and Trump's fickle policies also lead to the dual nature of the market that makes it prone to fluctuations.
Crude oil reached around $71.8 at its highest point yesterday, and the trend and price levels basically met the expectations. Judging from the current trend of crude oil, there are signs of a continued rebound. The resistance levels above are $72.5, $73.3 and $74 respectively, while the support levels below are $70.9, $70.4 and $69.9 respectively.
USOIL
buy@70-70.5
tp:72-73
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WTI CRUDE OIL TRADE SETUP : BREAKOUT OR BREAKDOWN ?📊 Key Observations:
🔹 Trend:
🚀 Strong bullish move followed by a correction 📉
🔻 Price is testing a support zone
🔹 Pattern Formation:
📏 Descending channel or flag-like structure
📍 Price is near a breakout point
🔹 Trade Setup:
✅ Entry Zone: Around 70.77
🛑 Stop Loss: 70.44 - 70.49 (Risk limit ❌)
🎯 Target Point: 71.80 (Profit zone ✅)
🔹 Indicators & Confirmation:
📊 DEMA (9) at 70.92 → Price is slightly below short-term momentum
🔥 A breakout above resistance could confirm a bullish move 🚀
📌 Conclusion:
✅ If price breaks the trendline upwards → Buy 📈 aiming for 71.80 🎯
❌ If support at 70.44-70.49 fails → More downside possible ⚠️
🚀 Watch for volume & candlestick confirmation before entering!
OIL Today's strategyThe prospects for global economic growth have become dismal due to the tariff policy. When the United States imposes additional tariffs on all goods, the costs of international trade will increase significantly, and trade exchanges among countries will inevitably be curbed. The profit margins of many enterprises that rely on imports and exports will be severely squeezed, and their production scales are likely to be reduced accordingly, which in turn will lead to a decrease in the activity level of industrial activities. Since industrial production has always accounted for a large proportion of the demand for crude oil, the contraction of industrial activities will surely deal a heavy blow to the demand side of crude oil.
Trump's comprehensive tariff policy has a negative impact on the crude oil market from multiple dimensions, such as economic growth, OPEC strategies, inventory, and financial market speculation. Therefore, it is expected that the price of crude oil will show a downward trend in the coming period.
OIL Today's strategy
sell@70-70.5
tp:69-68.5
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OIL Today's strategyAfter continuously testing the resistance level between 70 and 70.5, it started to decline and is currently in a downward trend. When it is near this area, you may continue to engage in short selling.
USOIL
sell@69.8-70.3
tp:69-68.5
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OIL Today's strategyYesterday, after comprehensively studying the market data, I judged that the price of US Oil (USOIL) would enter a downward channel. According to my analysis, the oil price would experience a period of continuous decline. First, it would break through the key demarcation point, and then it was highly likely to consolidate near the previous low level. However, the market trend far exceeded expectations. Yesterday, the price of USOIL did not follow the regular pattern. After we exited the market with profits according to our strategy, it plummeted again and rapidly approached the previous low level.
Currently, all aspects of information point in a negative direction. From macroeconomic data to industry internal dynamics, there is nothing that provides favorable support for it. Based on this, I infer that today it is highly probable that the price will fall back to the previous low level.
OIL Today's strategy
sell@67.5-67
tp:66-65.5
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if the trend line breaks we are at wargold is just flying and if oil follows there is going to be war In Middle East
USOIL: GO short positions during the oscillation at a high levelThe short-term trend of crude oil has been oscillating and declining at a high level. The oil price has broken below the moving average system, and the objective short-term trend has entered a transition period. The bearish momentum is gradually intensifying, and the oil price dropped below 70 in the early trading session. In the 4-hour chart, the objective short-term trend direction within this week still remains upward. The trading strategy for crude oil still mainly focuses on the oscillation and decline at a high level.
Trading Strategy:
Sell@69.8-70
TP:69-68.5
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OIL, 15 Mn, Long on BreakoutOIL, 15 Mn, Long on Breakout
Bullish Divergence
Trade to be placed on Breakout
USOIL:Continue to move downwardAfter U.S. President Donald Trump announced tariffs and the OPEC+ decided to increase oil production, concerns about the demand outlook intensified, leading to a significant decline in crude oil prices on Thursday.
The short-term trend of crude oil has dropped sharply, with all the gains since mid-March being given back. The oil price has touched a low near 66. The moving average system diverges downward, and objectively, the short-term trend direction is downward. The bearish momentum is abundant. It is expected that after a minor adjustment at a low level in the intraday trading, the short-term trend of crude oil will mainly continue to move downward.
Trading Strategy:
buy@67.5-68
TP:66-65.5
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Oil will increase to reach 71 dollarWe can assume this Safe Zone won’t break out from the bottom, so let's trade accordingly.
USOIL Strategy Analysis: will riseThe threat of secondary tariffs on Russian and Iranian oil by Trump is a factor closely watched by the market. Although he has no immediate intention to implement it for the time being, the future supply risk is gradually rising.
The uncertainty in the market comes not only from tariff policies, but also from potential sanctions on the supplies from Russia and Iran, as well as the impact of OPEC+'s production increase.
Oil trading strategy：
buy @ 70.95-71.15
sl 70.3
tp 71.65-71.85
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USOILstrategiesThe fluctuation of crude oil prices is not large, and the range of mild fluctuations is 68.7-70.3. The subsequent market will make adjustments after breaking through. Today is the last trading day of March, and the monthly high of 70.5 has not been broken. It is necessary to pay attention to the profit-taking of crude oil prices. From a technical point of view, the 1-hour and 4-hour Bollinger bands are basically maintained in the range of 68.7-70 at the same time, and 7 points of deviation can be reserved above and below. Overall, the trend of crude oil will first fluctuate in a small range, and major changes should wait until the K-line appears on Tuesday in April before choosing a direction.
Crude oil strategy:.
1. Go long in the 68.7-68.5 area when retreating, stop loss 68, target 69.5-70.5,
2. Go short when the rebound first touches the 70-70.3 area, stop loss 70.8, target 69.3-68.7,
USOIL: Continue short - sellingAfter testing the resistance above $70, USOIL started to decline. Next week, continue to short - sell when it reaches $70 - $70.5.
I will continuously send out accurate signals, and all signals have been profitable. If you need accurate signals, please click the link below the article.
USOIL:Continue to sell at highs tomorrowAfter breaking below the lower edge of the range, the medium-term trend of crude oil has been continuously moving in a secondary oscillation around low levels. In terms of momentum, neither the bullish nor bearish momentum has significantly overwhelmed the other, and there has been no continuation of the bullish trend.
Regarding the support level, we should first consider the 68.5 mark, which was an important resistance level that the oil price previously broke through. For tomorrow's trading operations, it is advisable to mainly consider selling at highs.
USOIL Trading Strategy:
Sell@70-70.5
TP:69-68.5
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Long USOIL: Targeting $70.20 Amid Bullish MomentumThe price of USOIL has recently bounced off a key support level, confirming a successful retest of the previous demand zone. The support level aligns with a significant price reaction area, reinforcing its strength. Additionally, the MACD indicator is showing a bullish crossover, signaling a potential upward momentum shift. Volume analysis indicates increased buying activity near the support zone, suggesting strong participation from buyers. Given these technical factors, a long position with a target of 70.2 is supported by confluence from multiple indicators and price action confirmation.
Crude oil test the $70 area: what's next?Crude oil had reached the psychological level of $70, and that might become a potential crash test for the rally: should the level be rejected, it may trigger a liquidation of the upside move, as this level is considered as a fair price according to the supply and demand equilibrium.
Technically, the price is located at a higher band of Bollinger Bands, according to the daily chart, and the potential turning point might happen if the price tries to break the level and fails: that would draw a classical “bullish trap”, as displayed on the chart.
Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
69.374-70.880 section is a crossroads
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The April TradingView competition is sponsored by PEPPERSTONE.
Accordingly, we will look at the coins (tokens) and items that can be traded in the competition.
Let's talk about the SPOTCRUDE chart.
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(SPOTCRUDE 1M chart)
We need to see whether it will rise along the trend line (1) or fall along the trend line (2).
Since the volume profile section is formed around 75.723, the key is whether it can rise above this section.
If it fails to rise, it will eventually meet the HA-Low indicator of the 1M chart.
Currently, the HA-Low indicator of the 1M chart is formed at 43.327.
-
(1D chart)
The M-Signal indicators of the 1D, 1W, and 1M charts are in reverse arrangement.
Therefore, in order to continue the upward trend, it must eventually rise above the M-Signal indicator of the 1M chart.
Therefore, the key is which direction it deviates from the 69.374-70.880 section.
When the competition started,
- If the price is maintained above 70.880, the long position is expected to be advantageous,
- If the price is maintained below 69.374, the short position is expected to be advantageous.
However, since the overall trend of the chart is down, a short and quick response is required when trading with a long position.
-
Thank you for reading to the end.
I hope you have a successful transaction.
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Heading into overlap resistance?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 70.39
1st Support: 68.71
1st Resistance: 71.77
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Disclaimer:
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WTI CRUDE OIL: Last pull to 4H MA50 possible, $72 target remainsWTI Crude Oil just turned bullish on its 1D technical outlook (RSI = 55.181, MACD = -0.570, ADX = 39.438) as it crossed above the 4H MA200. It is still under the 1D MA50, so the newly emerged Channel Up may pull the price back under the 4H MA50 one last time before the next, even stronger bullish wave. Overall, we remain long (TP = 72.00), even more so on the long term.
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“WTI Poised for a Renewed Upswing?”On the weekly timeframe, USOIL (WTI) is currently estimated to be in the early stages of wave Y of wave (B). This suggests that USOIL still has the potential to strengthen further, targeting the 72.66–79.14 area.
USOIL Is Very Bearish! Short!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 69.379.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 67.044 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Hellena | Oil (4H): SHORT to the area of 65.268.Colleagues, I believe that the downward movement is not over yet, and now the price is in a complex combined correction. The second correction also consists of “ABC” waves.
In an ideal scenario, the price completes wave “C” in the 70.000 area and starts the downward movement to the support area of 65.268.
In general, the plan has not changed since the last forecast, but the bulls still have strength, so we should take the upward movement as an opportunity to profitably go short.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
