USOIL - Important BreakoutHello Traders !
The USOIL price failed to create a new lower low !
Currently, The resistance line is broken !
So, I expect a bullish move🚀
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TARGET: 75.52🎯
USCRUDEOILCFD trade ideas
USOIL turning point 78.466 read caption for more...I have prepared this setup for USOIL what do you think about it let me in comment section.
I am waiting for the area of 78.466 as it is was a resistance made in earlier days. If this breaks and H4 candle closes above then target will be 80.240 as the result of bullish move and on the other hand if it does not closes above or breaks this area then the target will be 76.570 as a result of bearish move.
Kindly support me like comment and share this if you found this helpful.
updated oilWe updated oil from around 67 to 69.750 for WTI crude oil and all targets were reached and the final target was 81 yesterday we were at 77 but the target of 81 was reached for Brent crude oil
For Brent crude oil we might see 84 and the other 81
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!
USOIL
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USOIL Sell Recommendation
Entry Price: 77.70
Current Price: 77.70
Target Levels:
1. Take Profit 1: 76.50
2. Take Profit 2: 76.00
3. Take Profit 3: 75.00
Stop Loss: 78.90
📊 Ensure you use proper money management techniques and maintain consistency in your trading approach to achieve optimal results.
USOIL PLAYED OUT AS PREDICTEDLast week , I dropped this analysis and price prediction. It Played out exactly!
Hope You Made Some Cool Cash!
The Power of a good Trading (PRORARP)
Quick Gains from Black Gold: A Short-Term Strategy for Oil🚀 Bullish Analysis for Crude Oil:
Current Price: 73.11 USD.
Support: The price is bouncing off the lower trend line of our ascending channel, acting like a solid floor! 🛑
RSI: At 39.10, we're not even halfway to overbought territory, plenty of room to climb! 📈
Entry: Buy now at 73.11 USD.
Take Profit Levels:
🎯 Take Profit 1: 73.60 USD
🎯 Take Profit 2: 74.25 USD
🏆 Take Profit 3: 75.00 USD
Stop Loss: Set your safety net at 72.40 USD, just below our support line. 🛡
This setup is not just good, it's electrifying! With a stop loss that's a safe distance away, you're setting up for a potential win with a solid risk-reward ratio. Let's ride this wave! 🌊
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.
Confuence of AB=CD 1.618 extension & Double top FAIL Price rallied past the ABCD extension at 1.618 with great momentum( long range bar)this top also corresponded to a double top that is visible in the 4HR chart. All indications to sell this market in my humble opinion did not pen out. I AM NOT SELLING THIS MARKET, I know what you are thinking, maybe you are right, maybe l am an idiot but l just don't know how to do it any other way.
Always trade what you see not what you think , no one knows whats going to happen next in the market. Anything can happen.
Happy trading and always practise sound money management.!
USOIL, evening analysisTechnical analysis of USOIL (CL1!).
Bullish (green) and bearish (red) counts for USOIL.
Price likely to rise towards resistance at 94.99, with median line of pitchfork as target.
Bulls see EW count in a wave 3, with price to challenge 2022 highs and keep 94.99 as support once it breaks as resistance.
Bears see a wave c in progress, to complete a zigzag X in the 96.5-105 area, then roll back down with a Y below 63.61.
USOIL Short Setup: Key Zone to WatchUSOIL is testing a significant resistance zone around the 78.00 level, an area where price previously faced strong selling pressure. Current price action suggests potential exhaustion, with signs of rejection visible.
If sellers take control, a pullback toward the 76.01 level, acting as the first key support, could be in play. Traders should look for bearish confirmation, such as reversal candlestick patterns or breakdowns below recent lows, to position for a potential short move.
OIL Long1)Trend defined. 4h uprent.
2)Contradictory limit order entry. Pull back of shake out.
3)Default loss. A bit lower than the "shakeout" low.
4)Default target level. 4.94.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
USOIL Potential UpsidesHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 73.60 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 73.60 support and resistance area.
Trade safe, Joe.
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?
Crude oil - ready to correct?There’s undoubted skittishness in crude oil at the moment, in much the same way that it can be seen across US equities and stock indices. Again, this comes as traders and investors come to terms with a possible market turning point, and struggle to adjust accordingly. Crude looks as if it is breaking out from its long-running downtrend. This morning, front-month WTI hit its highest level since early October, coming within 25 cents of $75 per barrel. While recent dollar strength is providing a headwind to all dollar-denominated commodities, crude continues to make good upside progress. But it will need some sort of corrective pullback, followed by another significant advance, to garner the wider attention that a sustainable bull run requires. The daily MACD still indicates that momentum is to the upside, but it is approaching levels which have previously preceded a sell-off. The depth and shape of the next decline, whenever that may come, will provide clues as to whether this bull run has legs or not.
CRUDE OIL Resistance Ahead! Sell!
Hello,Traders!
CRUDE OIL is trading in a
String uptrend but it is
Locally overbought as
After Oil hit the horizontal
Resistance level of 80.64$
We will be expecting a
Local bearish correction
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Oil Algo Trading Strategy Lost Its Edge?Oil Algorithmic Traders Loosen Grip on Market After Back-to-Back Annual Losses
A Shift in the Oil Trading Landscape
In the intricate world of oil trading, where fortunes are made and lost on the fluctuations of prices, a significant shift is underway. Algorithmic traders, the computer-driven entities that have come to dominate the market, are pulling back after enduring two consecutive years of losses.1 This retreat marks a notable change in the oil market dynamics, potentially paving the way for a more balanced and predictable trading environment.
The Rise of Algorithmic Trading
Over the past decade, algorithmic trading, also known as automated or high-frequency trading, has revolutionized financial markets, and the oil market is no exception.2 These sophisticated systems employ complex algorithms and statistical models to identify and exploit trading opportunities at speeds that are impossible for human traders to match.3
Commodity Trading Advisors (CTAs), a prominent class of algorithmic traders, specialize in trend-following strategies.4 They capitalize on market trends by buying when prices are rising and selling when prices are falling. Their ability to execute trades rapidly and efficiently has made them a dominant force in the oil market, often amplifying price swings and influencing market direction.5
The Tide Turns for Algorithmic Traders
However, the reign of algorithmic traders in the oil market has faced a significant setback. According to Bridgeton Research Group, which tracks computer-generated trades, CTAs have posted consecutive annual losses for the first time in more than a decade.6 This downturn can be attributed to several factors, including increased market volatility, unexpected geopolitical events, and the inherent limitations of trend-following strategies in rapidly changing market conditions.
As a result of these losses, CTAs are reducing their exposure to crude oil.7 It is estimated that they have decreased the weight of crude in their portfolios to a mere 2% compared to 4% in July 2024.8 This pullback is softening their impact on market movements and reducing their share of open interest, signaling a significant shift in the oil trading landscape.9
The Impact on the Oil
The retreat of algorithmic traders from the oil market has several potential implications:
1. Reduced Market Market Volatility: Algorithmic trading, particularly trend-following strategies, has been known to exacerbate price swings in the oil market.10 With their reduced presence, the market may experience less volatility and more gradual price movements.
2. Increased Influence of Fundamental Factors: As the influence of algorithmic trading wanes, fundamental factors such as supply and demand, economic indicators, and geopolitical events may play a more prominent role in determining oil prices.
3. Opportunities for Traditional Traders: The pullback of algorithmic traders could create opportunities for traditional traders who rely on fundamental analysis and market expertise. With less competition from high-speed algorithms, these traders may find it easier to identify and capitalize on profitable trading opportunities.
4. A More Balanced Market: The reduced dominance of algorithmic trading could lead to a more balanced and efficient oil market, where a wider range of factors and participants determines prices.
The Future of Algorithmic Trading in Oil
While algorithmic traders are currently taking a step back from the oil market, it is unlikely that they will disappear entirely. These sophisticated systems still offer significant advantages in terms of speed, efficiency, and data analysis. As technology continues to advance, algorithmic trading is expected to remain an integral part of the financial landscape.
However, the recent losses serve as a reminder that algorithmic trading is not without its risks. These systems are only as good as the algorithms and data they are based on. In rapidly changing and unpredictable markets, even the most sophisticated algorithms can struggle to generate consistent profits.
Conclusion
The retreat of algorithmic traders from the oil market marks a significant turning point. After years of dominating the trading landscape, these computer-driven entities are pulling back, potentially paving the way for a more balanced and less volatile market. While the long-term impact remains to be seen, this shift underscores the dynamic nature of financial markets and the importance of adapting to changing conditions.
US OIL IN BULLISH TREND 📈 USOIL (WTI Crude Oil) Analysis & Forecast - H4 Time Frame 📊
🛢 Technical Overview:
Trend: Bullish momentum continues as WTI Crude Oil consistently rejects its supply zones, signaling strong buying interest.
EMA Crossovers: Price has successfully crossed over the 100 EMA, 200 EMA, and 50 EMA, indicating a clear upward trend and a confirmation of strong bullish momentum.
Support Zone: The recent rejections from supply zones reinforce this bullish scenario, showing resilience in price action.
🚀 Forecast:
The technical target for this bullish move is projected at 83.00, aligning with strong resistance levels and Fibonacci extensions.
Buyers are dominating the market, and the trend suggests further upward movement in the short to medium term.
💡 Trading Insight:
With all major moving averages aligning for an uptrend and continuous bullish price action, it’s an opportune time to look for buy setups on pullbacks or consolidations.
Keep an eye on key supply and demand zones for potential reversals or breakout confirmations.
OIL 4D Market IdeaPotential for a bullish pullback on the OIL 4D which could lead to a price movement towards the resistance level at 92.00
WTI Oil Short: Bearish Setup After Sharp RallyOil prices have surged impressively, fueled by recent fundamental-driven market moves. However, this swift upside has led WTI crude to my point of interest, offering a prime opportunity to short against the trend. My trade strategy includes taking partials at the $74 price zone. Here’s why this setup is supported by bearish fundamentals:
1. Rising U.S. Fuel Inventories
Recent data shows significant growth in U.S. gasoline and distillate stockpiles, hinting at a potential oversupply in the market.
2. Strengthening U.S. Dollar
A stronger dollar makes oil more expensive for holders of other currencies, reducing global demand and weighing on prices.
3. Increased Non-OPEC Supply
With rising production levels from non-OPEC countries, analysts expect an oversupplied market in 2025, adding further pressure on oil prices.
4. Weakening Global Demand
Economic growth concerns in major markets like China and Germany are fostering expectations of reduced oil demand, reinforcing a bearish outlook.
These combined factors strongly support a short position on WTI crude oil. Stay strategic, take profits along the way, and manage your risk carefully in this volatile environment!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
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!
CRUDE OIL // long ideaThe trend is long on the weekly, the daily, and the H4, and H4 seems to close above the long trigger line (green), that is the last clean H4 breakdown.
If this happens, the daily target fibo 138.2 in line with a daily breakdown is the target.
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Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
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Stay grounded, stay present. 🏄🏼♂️
<<please boost 🚀 if you enjoy💚
USOILUSOIL is in bearish trend.
Bearish divergence also shown in RSI.
Rising wedge reversal pattern also form.
Price already break the last HL and made LL.
we sell at CMP.
