USOIL AnalysisUSOIL is currently retracing to the Hourly Gap after this it may continue pulling up to its next resistance
TVC:USOIL
USCRUDEOILCFD trade ideas
SELL USOILGood morinng traders!
Our trade today is on OIL, we're selling after having the reversal confirmed by thge market to target our LQ level.
Follow for more!
Oil Market Heats Up: Prices Rise for Third Consecutive Week◉ Key Factors Driving Oil Prices:
1. Increased Winter Fuel Demand: As temperatures drop in the Northern Hemisphere, demand for heating fuels like diesel and gasoline is rising, supporting oil prices.
2. Supply Constraints: OPEC+ has been maintaining production cuts, limiting global oil supply and contributing to higher prices.
◉ Market Updates:
● Over the past three weeks, Brent crude BLACKBULL:BRENT has surged over 6%, and WTI OANDA:WTICOUSD has jumped more than 7%.
◉ Technical Observations:
● The oil price has broken through its long-term trendline resistance, positioning itself for further gains.
◉ Future Outlook:
● JPMorgan predicts a 1.6 million barrels per day increase in global oil demand in Q1 2025, driven by heating oil and LPG demands.
● Geopolitical factors, including new U.S. sanctions on Russia, may impact supply dynamics.
oil updateI told you about the oil update on Friday a few days ago
And until now there is still respect for my chart
Are you satisfied with this analysis and respect for the numbers I wrote for you!
Now the price of oil has exceeded 74 now
Now you should watch this chart
Don't forget to follow me and support me
Important zone for selling in WtiWti is nearby resistance zone, rsi also heavy overbought, downfall expected per levels.
I am not SEBI registered analist, this is my personal view only for educational purposes.
Oil is now heading for its third consecutive weekly gain.The global oil market is tightening due to reduced supply from key exporters like Russia and Iran, as well as a surge in demand for heating fuels.
Looking at the technical charts, oil prices are very tenacious, as if they are building firmer foundations in preparation for a subsequent breakout to the upside.
oil My friends, oil is still going up as I looted you previously.
Now the price is approaching the point I talked about 74.5.
We will continue to update continuously whether it continues to rise or fall.
USOUSD (Oil) Key support follow up.Thanks for checking our latest update, and happy new year to all. Today, we have followed up on our last oil update. You can see this update on the link below.
The main topic of the last update was a key support area. The area held, and we saw a new rally develop. Today, we have looked at that rally and asked if it's going to break the long-term downtrend or if we could see price contnue to remain rangebound.
We see short-term resistance at $74.75 and short-term support at $73.20.
As always, traders must remain vigilant and stay abreast of the latest updates from OPEC and geopolitical influences, as these factors can significantly impact the market.
Good trading from Eightcap.
USOIL - Long Trade Idea Update - Long Position Triggered...We have officially entered this long trade for Crude Oil, targeting a minimum upside of $97.50. In this video, I provide a quick overview of the trade idea, confirming it aligns with AriasWave principles, as the price held above the support level.
You can find the original idea linked below.
USOIL
The current price of US Oil (USOIL) is 78.00. Based on market analysis, now is a good time to consider selling. Our target price levels for this trade are set at 79.00 and 79.90, indicating potential profit levels if the price moves upward.
To manage risk effectively, we recommend setting a stop-loss (SL) at 77.50. This ensures that any unexpected market movements below this level will limit potential losses.
The target levels are based on technical analysis and current market trends, making this a well-calculated trade. However, as with all investments, there is inherent risk. Traders are advised to monitor the market closely and adjust their strategy if necessary.
Please ensure that your trade aligns with your risk tolerance and financial goals. Regular updates on the market situation may help optimize decision-making.
In conclusion, selling USOIL at 78.00 with defined targets at 79.00 and 79.90 and a stop-loss at 77.50 represents a calculated approach to potential gains while managing risk. Always remember to trade responsibly and stay informed.
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Let me know if you'd like any changes!
Long waited Bulls finally arrive to the Oil MarketsWith inflationary Pressures as high as ever and the expansion of conflicts worldwide but mainly In or around Oil-producing Countries , added to that the growing fears of a US-Chinese Conflict in and about the Island State of Taiwan. all these prospects and Events are driving factors for a surge in oil prices, Yet as devoted technical analysts we believe that world events are just the reasoning behind whatever the charts want to go. So a bullish analysis was the one that the oil had, the Buying zones of the low 60s worked as resting recliner chair for the oil for the good of a year but nothing stays the same for long, as buyers and sellers were Eying the magnificent Gold moves the oil started what can be a stratospheric launch leading to a whole different economic balance for the next Decade.
Important zones are 87 and 95 with targets as high as mid 120s
TVC:USOIL
Crude Oil has potential to reach $150 in next 3 years?Triangle pattern break out is evident on Crude Oil weekly time frame.
It has potential to take Crude oil to $150 with Following targets,
90 / 95/ 105 / 120 / 130 / 150
#CrudeOil
USOIL TRADE IDEA: LONG | BUY (07/01/25)Price has slowed down - it’ll most likely pull back especially after a good day or two. Price will return to discount and seek to go up.
RR:2.4
NB: This is not financial advice. Trade safely and with caution.
USOIL Will Fall! Short!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 74.10.
Taking into consideration the structure & trend analysis, I believe that the market will reach 72.60 level soon.
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!
Waiting for Clarity: Insights on Oil and the 70 Put OptionsLet’s talk about WTI oil for a moment.
In the upcoming monthly expiration series set for January 15, there’s some interesting action happening with the 70 put options. Traders aren’t just dumping these puts; they’re actively reselling them, and there are definitely buyers stepping in. What’s even more intriguing is that the same 70 puts are being picked up in the next options series as well.
Now, if you look at the charts, it seems like prices have finally broken out of that range they’ve been stuck in for a while and are gearing up to move higher.
With this kind of sentiment in play, I’m going to hold off on making any buys for now and wait for some clearer signals before jumping in.
CRUDE OIL TO HIT $160?! (UPDATE):It's been a few months since I've done an update on my Crude Oil analysis, as Oil prices have been stagnant & consolidating. But in the past week & a half we've seen a huge push to the upside, with Oil now sitting at a 3 month high!
Currently up 700 PIPS (10.40%) in profit from our support zone. Long term I still remain bullish from a technical standpoint. Also, we already know from a fundamental standpoint, the puppet Donald Trump will be used to worsen geopolitical situations globally, weather that's in the Middle East or with China & Russia.
USOIL TF 2H 7125wait till price come into the zone and break out with big green/red candles
entry (TF 2h,4h)
SL at previous low/high
TP at Fibonacci
USOIL Take it as it isI don't think TVC:USOIL will surpass the purple box anymore for the forseeable future.
Mostly (as a worst case scenario) I see it maybe touching the upper limit but nothing more.
TPs are well marked on the chart. Hopefully I will nail it down more or less with the timeframe aswell.
Fundamentals are clear as daylight too.
OIL bearish bias down to $72.50The price currently trades around $73.37 and appears to be in a retracement phase after a significant sell-off. The overall structure suggests the market may continue to test lower levels with a clear rejection from the recent highs near $75.00, followed by a steady move downward.
Resistance: $74.00, where a rejection occurred
Support: $72.50, which aligns with a previous structure low
Let me know if you agree with my idea ?
USOIL Bearish patternThe current USOil (WTI Crude) price is at 73.30, with support levels identified at:
1. First Support: 72.00
2. Second Support: 70.00
Possible Trading Scenarios:
If the price holds above 73.30: It could indicate stability or a potential move higher. Watch for resistance levels.
If the price breaks below 72.00: This suggests bearish momentum, with the next target at 70.00.
If the price breaks 70.00: This would confirm further downside potential.
Keep an eye on key indicators, economic data, and geopolitical news, as they can heavily influence oil prices. Would you like detailed technical analysis or more information on nearby resistance levels?
WTI raise then downAs shown in the chart, the price still has potential to complete wave 3 at 75.17 -75.40, followed by a correction in wave 4 to 72.90.
Buy at the current price of 74.25 and take profit at 75.17 ( your stop loss accordingly). Then, wait for a reversal pattern to sell and target 72.90 - 72.15.
US CRUDE OIL(WTI): Very Bullish SentimentUSOIL completed a period of consolidation by breaking through a resistance level in a broad horizontal range on a daily.
This creates the possibility for further upward movement, with the market potentially continuing to rise, possibly reaching 75.55.
