Short trade Sellside trade Pair WTICOUSD LND to NY Session AM (NY time) 10.00 am Entry 67.869 Profit level 57.359 (15.49%) Stop level 68.625 (1.11%) RR 13.9Shortby davidjulien369Updated 1
Oil Price Analysis: Key Areas to WatchOil Price Analysis: Key Areas to Watch In this video, I explain the current price position of oil and the possible scenarios from a weekly perspective. The short-term trading charts are not showing any clear signals at the moment. For more details, you can watch the video. Thank you:)05:30by KlejdiCuniPublished 5526
USOIL bearishUSOIL in continuous bearish trend Entry at Fib .618 retracement SL above last LHShortby fay_pasaiPublished 2
US Oil London Session Movement expectedThis is a place where you can identify the possible movement in mentioned session. Entry activated only when a candle closes above or below the drawn level, And the next candle creates a wick down(for up movement) or up(for down movement) and breaks the candle high or low. When entry is activated SL will be below or above the 30 minute candle.by Ajo_madakasseryPublished 0
USOIL remains under pressureFrom a technical perspective, USOIL extended its decline within the descending channel. MACD is holding below the zero threshold, indicating further downside potential. If USOIL sustains its bearish momentum, a further drop toward the 60.00 support might occur. Conversely, a break above 70.00 could prompt a further pullback toward the 80.00 resistance and descending channel's upper bound. From a fundamental perspective, USOIL remains under pressure after OPEC downgraded its demand forecast for the second time in two months. The new projections indicate that global oil demand is expected to rise by 2 million barrels per day (bpd) in 2024, 80,000 bpd less than anticipated. For 2025, OPEC has reduced the forecast to 1.7 million bpd, a reduction of 40,000 bpd. These revisions are driven by weak consumption in China and the growing adoption of electric vehicles, dampening traditional fuel demand. Despite the bearish sentiment, losses were somewhat tempered by fears of Tropical Storm Francine, which threatens to disrupt oil and gas production and refinery operations along the Gulf Coast.Shortby lixing_ganPublished 3
CRUDE OIL STRONG SUPPORT AHED|LONG| ✅CRUDE OIL keeps falling In a strong downtrend and Oil is locally oversold so after The retest of the horizontal Support level below at 62.50$ We will be expecting a local Bullish correction LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFxPublished 112
USOIL: Continue the downtrend?Very simple setup on crude oil. Looking for a small correction to the previous support. This is not only from last week, but also from many months ago. Entry at 67 Target at 62.95Shortby 11021992Published 1
Dead OilWow Wow.... oil has been rallying downwards since the last week of August... dropping from 70-69 levels to 64.8 today! we are already at -12% since last Tuesday. As per the graph u can clearly see that we have dropped from 68.3 till 64.8 one way ticket, breaking every single support! 64.8 December 2021 low was hit today which makes it promising for bulls.... we have reached 64.2-64.8 a very strong area that oil would need to hold for some upward move. I would suggest staying on the sidelines until Supp/Resist is reached.... Please remember "the trend is ur friend!". Hint: below are two scenarios I am expecting to take place.... I would go for the scenario where oil drops.. tests support and bounces again! (GREEN ARROW) Trade safe and green peeps! Amen. by T_Shelby_01Published 2
US Oil near Strong Support ZoneHI Traders. US Oil is very bearish these days. But overall at the HTF we can see that we are still in a bigger corrective structure after a big bullish impulse. At the Moment we are near a strong support zone but the LTF development doesnt show any bullish buyers yet. so be patient and watch how this progress.by ltdcrack88Published 223
CRUDE OIL, bleeding Using the Elliott wave trading method, it indicates that the bears are in control of the oil market. Keep a close eye Shortby WavePremierPublished 6
Elliott waves OILUSD Elliott waves. Warning: Be careful, one of hundreds of possible scenariosby khalid_AbdullahPublished 1
Crude oil short - Breaking below structurePlanning to sell with stop above high and trail stop down Full bodied sell candle Failed to make higher highs Lots of pressure from moving averages Shortby mgibson91Updated 224
Oil Steady on U.S. Crude Decline and Possible OPEC+ Supply Hike Oil Prices Edge Higher on U.S. Crude Stock Decline and Potential OPEC+ Supply Hike Delay Oil prices firmed on Thursday, recovering slightly from multi-month lows amid speculation of a potential delay in OPEC+ output increases and a decline in U.S. crude inventories. However, lingering demand concerns continued to limit the gains. Technical Outlook: The bearish trend is likely to persist, targeting 65.85 as long as the price remains below 69.78. A break above 69.78 could pave the way for a move towards 71.78 and 72.72. Key Levels: Pivot Point: 69.78 Support Levels: 67.75, 65.85 Resistance Levels: 71.78, 72.72 Expected Trading Range: 69.78 - 65.85 Trend: Bearish while the price remains under 69.78.Shortby SroshMayiUpdated 1113
WTI OIL📊 #XTIUSD ⏱ TIME: 1w 📝The price has dropped a lot, there is an important range ahead, $63 (blue box), it seems that it can have an upward movement from this range. ⭕️risk: high 📍buyzone: 64.30 - 62.11$ 📌TP1: 72 $ 📌TP2: 77 $ ⛔️: If this range is lost, the analysis will fail and I will update the analysisLongby lilebiPublished 1
XTUUSD Market Structure Analysis on Daily Time FrameDay swing is bullish => Current is pullback. XTUUSD Market Structure Analysis on Daily Timeframe. The current price is in the DENAND zone, we can go down to the 15-minute timeframe and wait for the CHOCH signal to look for buying opportunities.by quangcttnPublished 2
Oil in Free Fall Oil prices broke below key support last week and has now cleared the 2023 consolidation pattern. Broader technical outlook remains weighted to the downside while within this formation. Initial support hurdles here at the 2020 high at 65.62 and the 2023 swing low at 63.62 - both levels of interest for possible price inflection. Initial resistance now back at the 2023 low-day close at 68.57 backed by 72.14/93. Bearish invalidation now lowered to the objective monthly open at 72.93. Michael Boutrosby FOREXcomPublished 3
OIL is attractive enough to trigger Volume potentially This is not a financial advice. It is only an idea. Looking forward to the supply of oil, supply in S2 2024 is not that high which might trigger demand on the short term for a retest for the previous levels. Keep and eye on OIL Good luckby Sal98Published 0
Oil BuysOil seems to be ready to push up... Even breaking the bottoms once again, next move is upLongby oscarposadaPublished 4
USOIL / UNDER UPWARD PRESSURE - 4HUSOIL / 4H TIME FRAME HELLO TRADERS USOIL is currently trading above the turning level of 67.09 and remains above the support trendline, indicating upward momentum. There are two potential scenarios: The First Scenario , USOIL's trading above 67.09 and staying above the support trendline signals strong buying interest, which suggests upward pressure. The target of 69.98 is a logical resistance level, followed by 71.59, which marks the next significant zone. Stabilization above 71.59 and 72.20 would confirm the strength of the uptrend, as breaking these levels would show that demand is outpacing supply, leading to further price gains. The Second Scenario , If USOIL fails to maintain the 67.09 level and closes below it on a 1-hour or 4-hour chart, it indicates bearish momentum. This would increase the likelihood of a decline toward 65.35 and 63.67, the next significant support levels. A break below 65.35 could trigger a stronger downtrend as it would suggest sellers are gaining control, particularly if the price falls below the descending channel, reinforcing the bearish sentiment. KEY LEVELS : Turning Level : 67.09. Resistance Levels : 69.98 , 71.59. Support Levels : 65.35 , 63.67. Longby ArinaKarayiPublished 13
USOIL NEXT POSSIBLE MOVE | MORE DOWNSIDE MOVE Usoil at its Dec 2023 lowest price.it can go more further down towards 60_62 Dollar mark ✌️ Shortby ForexVenom0007Published 2
"USOIL is going downward"The weakening labor market has reduced risk appetite in the markets, triggering a drop in crude oil prices toward the 67.50 level. Additionally, OPEC+'s crude oil production in August decreased by 300,000 barrels due to declines in Libya and Kazakhstan. However, ongoing supply concerns continue to pressure the commodity. Technically, if the 67.50 support level is broken, further declines toward 65.55 and 63.55 are possible. On the upside, if the 70.0 resistance is surpassed, buying momentum could accelerate toward the 72.60 and 74.50 resistance levels. by primequotesPublished 3
USOIL Is Going Up! Long! Here is our detailed technical review for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 68.519. Considering the today's price action, probabilities will be high to see a movement to 72.583. 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. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderPublished 116
WTI OIL giving a buy signal under this condition.Last week we saw how WTI Oil (USOIL) turned bearish long-term following the 1W Death Cross and the breaking below the 16-month Higher Lows trend-line. Even on the 1D time-frame we got a Death Cross formation with the price seemingly reaching the bottom (Lower Lows trend-line) of a newly formed Channel Down. As a result we may have a short-term buy signal but only if today's 1D candle closes in green, which together with yesterday will make it a series of green days. As you can see on the chart, every time the 1D RSI posted a Bullish Divergence (rising while Oil was falling), it posted successive 1D green candles to confirm a rebound. So the key now is to form again a streak (even 2) of green days. If not, the buy potential is invalidated. If successful though, we will target 78.00 (top of the Channel Down, +16.55% rise as the previous Bullish Leg). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShotPublished 16