USDWTI trade ideas
WTI crude oil Wave Analysis – 26 March 2025
- WTI crude oil broke resistance area
- Likely to rise to resistance level 71.00
WTI crude oil recently broke the resistance area between the resistance level 68.60 (top of the previous wave 1), resistance trendline of the daily down channel from February and the 50% Fibonacci correction of the downward impulse from last month.
The breakout of this resistance area accelerated the active impulse wave 3 of the higher impulse wave (3).
WTI crude oil can be expected to rise to the next resistance level 71.00, target price for the completion of the active impulse wave 3.
USOIL SHORT FROM RESISTANCE|
✅CRUDE OIL has hit a TP
Of our last free signal and
Went further up just as we
Predicted but will soon hit
A horizontal resistance level
Of 70.57$ from where we will
Be expecting a local bearish
Correction and a move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
WTI Crude INTRADAY oversold bounce back on maritime ceasefireThe WTI Crude Oil price action remains bearish, aligning with the prevailing downtrend. The current movement suggests an oversold bounce, but the broader outlook remains weak unless a significant breakout occurs.
Key Levels to Watch:
Resistance Levels: 70.50 (critical level), 71.30, 72.11
Support Levels: 67.95, 67.00, 65.40
Bearish Scenario:
A rejection from the 70.50 resistance level could reaffirm the downside bias, leading to a continuation of the bearish move toward 67.95, with further downside targets at 67.00 and 65.40 over the longer timeframe.
Bullish Scenario:
A breakout above 70.50 with a daily close above this level would challenge the bearish sentiment, paving the way for further gains toward 71.30, followed by 72.11.
Conclusion:
The market sentiment remains bearish, with the 70.50 level acting as a crucial resistance zone. A rejection at this level could reinforce the downside trend, while a confirmed breakout would shift the outlook to bullish, favoring a potential rally. Traders should watch price action at this key level for further confirmation.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Crude Oil Signal UpdateI have been telling all of you. Some might ignore my signal just because i dont have much followers or boosts, but I proved myself over time.
Its your choice to follow the signal or not.
If you have already invested at least 50k without leverage, you would already be in a profit of 2.5k usd.
For the followers, our first TP is 72(+5~7$ per barrel if you started buying from the signal ive sent). We have 3 more TPs.
Suit yourselves 👍
CFD on WTI CRUDEOIL (US OIL)ITS A T4HR TRADE FOR USOIL
1. Got Activated.
2. Stop loss @ 69.65 and resp. Target 1 @ 69.65 and Target 2 @ 67.59
3. Its a swing trade for 1 week trade working days duration.
4. Kindly make your orders accordingly to the duration period mentioned.
God bless. Happy trading Days
USOIL and The Elliott Wave Updates. The structure seen is a 5 Wave move and is part of a B(3 Wave structure) of a Flat marked in Black. In this 5 Wave move marked in Red we can see that Wave 2 was a Zigzag, meaning our Wave 4 would be a Flat. Wave 3 hits the 161.8% mark and moves back to form an A of the Flat marked in Green. B must be a 3 Wave move and must move beyond the ending of 3(Red). When this occurs, a Wave C is formed(Green) and hence Wave 4(Red). What is left is a final Wave, a 5, to complete the first impulse of B(Black). Upon completion there must be a corrective structure to separate the impulse that just ended and Wave B's final impulse. Marked in Blue, is Wave A that just ended, a Wave B that we can expect to be against the trend and a final one that will begin soon after. Note, Wave B(Blue) MUST be a 3-Wave move.
USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 69.08
Target Level: 67.53
Stop Loss: 70.11
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
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!
Long Entry – Technical & Fundamental Breakdown Technical Rationale:
I’ve taken a long position following a liquidity grab during last night’s session. Price is still respecting the broader bullish structure, and the move down to $68.77 appeared to be a stop run, faking out breakout shorts. My next target is the weekly level around $70.50, assuming no major market shocks through the rest of the week.
Fundamental Rationale:
I remain unconvinced by the current peace talks between Russia and Ukraine, this is likely a slow-moving narrative, and the market seems to be discounting it for now. Supply constraints are still in play, particularly after the new U.S. tariffs on Venezuelan oil. Yesterday’s larger-than-expected API crude draw is also supporting prices. Meanwhile, ongoing conflict between Israel and Iranian proxies continues to disrupt Red Sea shipping, adding further pressure to global supply.
COT Data Summary:
Overall decline in positioning signals caution, not outright bullishness.
Managed Money added to shorts a slight bearish tilt.
Institutional positioning (Other Reportables) shows a mild bullish bias.
The market appears to be watching key support levels and waiting on further fundamental catalysts.
Bullish bounce?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the overlap resistance level.
Pivot: 68.47
1st Support: 67.43
1st Resistance: 70.38
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USOil:When to short at high levels?During the evening session yesterday, the price of crude oil surged again, reaching the resistance level of 69.5 per barrel in the session. However, after encountering resistance, part of the bullish momentum took profits and fled the market, causing the price to decline slightly to the support level of 69 per barrel without further drops.
After today's opening, the bullish momentum is obviously insufficient, and the price has not risen further, showing a downward extension trend.
Today's trading strategy: Focus on taking short positions at relatively high levels. Currently, the support at 69 per barrel is relatively solid. Observe whether the price can reach the resistance range of 69.5 per barrel again. If it breaks through upwards, look at the important psychological resistance level of 70 per barrel. Choose to take short positions again within the range of 69.5 - 70 per barrel, with the target price at $68 per barrel. Participate with a small position.
USOIL Trading Strategy:
Sell@68.5-69
TP:68-67
Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!