Oil shortOil saw a nice sell-off ahead of the FOMC minutes later. Both trades are still running in profit. My stops are at BE, trade is now risk free.
USCRUDEOILCFD trade ideas
USOIL - is it continues pattern? What's next??#USOIL - perfect holding as per our last idea and now market again make fresh support and just trade above.
That is 74.40 around, keep close it and if market holds 74.40 then am expecting further bulish oil.
Good luck
Trade wisely
USOIL LONGSee the opportunity below. The character changed and you need just a good entry. Seeing the global wars and sanctions on Russia (Also new sanctions on international oil companies sell Russian oil), you can also understand the change of character. Good luck!
(Also we have second entry below)!!!
USOIL WEEKlLY ANALYSIS #USOIL. The buyside is rich. As price continues to surge for bullishness...... Thought there might be some short term rally on price fluctuations on intraday time frame, the Monthly t
imeframe will surely come to fruition
Brent Oil Poised for a Rally!Brent crude prices are currently influenced by a combination of strong geopolitical and climatic factors. At present, WTI is trading around $73.30 per barrel, nearing its highest levels since October 2024, as investors closely monitor the potential impact of colder weather in the United States and Europe. Seasonal demand for heating oil is expected to rise, providing additional support to crude prices. Simultaneously, China’s economic policy plays a crucial role in shaping the global energy market, given its status as the world’s largest crude importer. Recent stimulus measures announced by Beijing, including ultra-long-dated treasury bonds and initiatives to boost investment and consumption, have heightened expectations for increased fuel demand. Support from the People’s Bank of China, which anticipates a potential interest rate cut in 2025, along with the Shanghai Stock Exchange’s commitment to further open capital markets to foreign investors, strengthens the country’s economic recovery outlook.
In addition to these dynamics, the outlook for Iranian exports remains a critical factor for the Brent market. Goldman Sachs forecasts a decline in Iranian production by approximately 300,000 barrels per day by the second quarter of 2025, lowering the country’s total output to 3.25 million barrels per day. This drop is attributed to the anticipated tightening of sanctions under the new Trump administration, which could curtail global supply and support higher prices. The combination of rising seasonal demand for heating oil, growing demand from China, and reduced Iranian supply could sustain an upward trend in Brent prices in the short to medium term. However, it remains essential to closely monitor geopolitical developments and major central bank policies, as any significant changes could alter the current outlook.
TP HIT ON USOIL | CL1!I posted earlier today to buy on Oil, and the market reached our TP now it started reversing.
Follow for daily trades!
OilOil continues to rise as I mentioned earlier in my analysis about oil
We hope for more rises
We expect this movement, especially after the strong breach of 72.5 to reach these areas
Now we have to expect the rise within this range
Please monitor the channel with the lines to be aware of the market direction
I wish you success and more profits
BUY USOIL | CL1!Good morning traders!
Today's trade is on Oil, you can buy and set the same target and stop as mine.
Follow for more!
Oil 30 mins scalp to 38% retracement in progressTargeting at least a 38.% retracement in Oil after the completion of an ABCD harmonic pattern.
Trend still bullish but we always Trade what we see with good risk management.
Keep stop losses tight and we will add positions at the sign of a retracement.
Oil: Is the Downtrend in Oil Coming to an End?
In the previous analysis, the rise in oil prices was examined. As observed, after breaking the multi-week consolidation zone and retesting it, oil prices climbed. We anticipate a similar scenario could unfold again, with a break of the historical descending trendline followed by a retest. For a better entry into a buy position, it is advisable to wait for this price correction.
AB=CD completed in Oil 4hr Was bullish at C and the take profit objective was reached at D. The CD leg is a 1.618 extension of the AB leg.
Looking for a sell if the top Gann resistance holds, target will be at least a 38.2% retracement of the bullish swing.
Looking for a coiling pattern to validate a buy when Gann resistance is broken to continue bullish move up.
Always Trade What You See and practice good money management...🍻
USOIL 🛢️ WTI Crude Oil (USOIL) 1H Chart Analysis
Price is consolidating around key demand zones at $7,261.5 and $7,270.2, showing potential for a bullish bounce. A break above $7,353.3–$7,364.8 could confirm upward momentum.
🛠️ Plan:
Bullish Bias: Buy near the demand zones with targets at $7,353.3 and $7,364.8.
Bearish Scenario: A break below $7,261.5 may indicate further downside pressure.
Monitor for price action and confirmation signals!
💎 FXFOREVER – Turning market opportunities into profits.
crudeCRUDE
MTF Analysis
CRUDEYearly Demand 39.5
CRUDE 6 Month Demand 41.2
CRUDEQtrly Demand BUFL 74.3
CRUDEMonthly Demand 77.3
CRUDEWeekly Demand 70.3
CRUDEDaily Demand DMIP 69.8
ENTRY -1 Long 70.3
SL 63.5
RISK 6.8
Target as per Entry 111.6
Last High 87.6
Last Low 63.6
ENTRY -2 Long 69.8
SL 63.5
RISK 6.3
Target as per Entry 111.6
Last High 87.6
Last Low 63.6
Crudeoil...Next target 78 -80 Dollers but after Retracement ..!!US Oil has shown good momentum as expected....Broken Very Strong Level of 72.5 Doller as expectations and has hit the target of 74 dollers mentioned in previous idea....As we can see it is going up from last 5 days , has not taken any retracement for which most of the buyers are waiting for. Expected move on monday Red Box is a retracement level. Lets hope for the best to see the new Rally till 78-80 dollers after touching a levels of Red Box.
WTI crude oil Wave Analysis 3 January 2025
- WTI crude oil broke resistance area
- Likely to rise to resistance level 76.00
WTI crude oil rising sharply after the earlier breakout of the resistance area located between the key resistance level 72.25 (top of the previously broken daily Triangle) and the 50% Fibonacci correction of the previous downward impulse 1 from October.
The breakout of the resistance area accelerated the c-wave of the active ABC correction 2 from the middle of November.
WTI crude oil can be expected to rise to the next round resistance level 76.00 (former resistance from October and the target price for the completion of the active wave 2).
WTI PRZ on 4H chart
WTI
OIL has price reversal zones
i am waiting for a confirmation to take a position.
USOIL - high placed? holds or not??#USOIL... perfect move as per our analysis and mentioned resistance.
keep close that resistance region guys because if market hold it in that case we can expect a drop from here.
dont be lazy here.
good luck
trade wisely
CRUDE OIL ( WTI )Why did I take this trade. Price respected our trendline channel for sometime on high TFs. However, on the 30 M, we saw a bullish engulfing that changed the manner of the long term trend. Executed trade on 1H and currently in profit
USOIL Trade SetupHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
Crude Oil at Daily area of Value to SHORTCrude oil at a daily area of value that has been tested and rejected several times. There could be a potential short opportunity that we can look at on the lower time frame 4h. Also when we look at the Daily RSI the RSI line is at the upper band and could potentially react to it.
I will be looking to short this on the 4hour or One hour tf
