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USOIL trade ideas

Crude Oil USOIL AnalysisHello Guy's this is My OverView For USOIL, Feel Free To Check It And Write Your Feedback In Comments Analysis of Crude Oil (USOIL) Here are the key observations: Price Levels: Current price is around $73.76. Sell signal at $73.76. Buy signal at $73.82. Trend Indicators: A recent upward trend is observed, indicated by a rising channel formation outlined with blue lines. However, the price has now reached an upper resistance level and appears to be reversing. Supertrend Indicator: The Supertrend indicator shows a value of 74.90, suggesting bearish sentiment when the price is below this level. Support and Resistance Zones: The chart indicates potential take-profit (TP) levels for short positions at $73.40 (Tp1) and $72.80 (Tp2). A broader support zone around $68.94 is highlighted in red, indicating significant support if prices drop further. Technical Outlook: in our setup s traders might be looking for short opportunities given the recent rejection from resistance. A target range for profit-taking on shorts between Tp1 ($73.40) and Tp2 ($72).80). Note: This analysis for educational purposes and not trading advice. Consider market conditions and strategies.
TVC:USOILShort
by David_Josh_Trader
1
Oil Driven by Economic and Geopolitical FactorsOil prices have experienced a remarkable surge, with gains reaching nearly 5% at the peak of the session, marking one of the most positive trading days since late 2023. While part of the initial momentum has moderated, crude remains substantially up, around 3%, largely driven by the strength of the U.S. labor market, as revealed by the recent Non-Farm Payrolls (NFP) data. This solid performance in U.S. employment reinforces the outlook for a robust economy, which in turn exerts upward pressure on commodity prices, especially energy commodities like oil. This rebound is not an isolated event. Crude has found a new support level around $67 per barrel for WTI, driven by factors such as the increase in fuel demand due to recent winter storms, the ongoing production cuts by OPEC+, and expectations of potential sanctions under the new administration. The December 2024 NFP data far exceeded market expectations, with the creation of 256,000 jobs, the largest increase in nine months, compared to the 160,000 forecast. This figure, alongside other positive economic indicators such as the services PMI and job openings, strengthens the narrative of a resilient U.S. economy. The robust U.S. labor market acts as a catalyst for energy demand, driving oil prices higher. This economic dynamism, combined with geopolitical factors and decisions by OPEC+, creates a complex yet favorable environment for crude in the short term. Beyond short-term factors, the production strategy of the new administration will play a crucial role in the evolution of oil prices. Plans to increase production by over 3 million barrels per day could have a significant market impact. The projected increase in oil production by the administration introduces a key uncertainty. This could limit upward price pressures and potentially shift the balance in the global oil market. In summary, oil prices are currently in a period of notable dynamism, driven by a combination of economic, geopolitical, and strategic factors. The strong U.S. labor market, the supply restrictions by OPEC+, and expectations surrounding the new administration shape a complex scenario that markets will closely monitor. Recent economic data, with an unexpectedly strong labor market, suggests economic resilience that supports energy demand. However, the potential increase in domestic production could temper this momentum. The balance among these factors will determine the trajectory of oil prices in the coming months.
PEPPERSTONE:SPOTCRUDE
by Pepperstone
WTI Crude Oil on a daily timeframe (D1). Here's a detailed breakKey Elements in the Chart: Price Movement: The price is currently at $76.23, showing a bullish move of +2.67%. There is a visible uptrend after bouncing off a support zone. Key Levels (Green Horizontal Lines): $72.95: A significant support level. $82.00, $84.28, $86.64, $88.92: Potential resistance levels, with $88.92 being the upper target. Descending Trendline: A long-term descending trendline acts as resistance, and the price appears to be breaking out or retesting this line. Target Zone: Marked in yellow, indicating a potential short-term target where the price may consolidate or face resistance. Wave Analysis: Labeled "a," "b," and "c," it represents a corrective or impulsive wave structure, suggesting a move towards higher levels. Gray Box (WCL): A key area of accumulation or support, possibly a weekly close level (WCL), where significant buying interest occurred. Projection: The white arrow indicates a potential bullish continuation towards higher resistance levels. A pullback might occur near the green zone before the next leg up. Observations: Bullish Momentum: The breakout above resistance suggests further upward movement, provided the price stays above $75.37–$74.54. Next Resistance: The target is likely $82.00–$84.28 if the breakout is confirmed. Pullback Scenario: If the price fails to hold the breakout level, a retest of the WCL zone or $74.54 is possible. Strategy: For Buyers: Look for confirmation of the breakout above the trendline and target higher resistance levels. For Sellers: Watch for signs of exhaustion near the target zone or resistance areas.
TVC:USOIL
by absiko
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.
TRADENATION:WTI
by TradeNation
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.!
TVC:USOILLong
by ChasuraGold
USOIL, is breaking out? TVC:USOIL / 4H Hello Traders, welcome back to another market breakdown. USOIL is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for a pull-back to the previous daily range. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Last swing high Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo
FOREXCOM:USOILLong
by BTM-LEO
14
US Crude Oil: Key Bullish Levels and Fibonacci InsightsTVC:USOIL US Crude Oil: Key Bullish Levels and Fibonacci Insights Analysis: The chart provided is a 4-hour timeframe of US Crude Oil (WTI) with various indicators and annotations. The chart shows price action, Smart Money Concepts (SMC), and Fibonacci retracement levels. Price Action and SMC: Change of Character (ChoCH): Multiple ChoCH points are marked, indicating shifts in market structure. Break of Structure (BOS): BOS points are also marked, showing significant breaks in the market structure. Support and Resistance Levels: Key levels are marked at 74.98, 74.64, 72.52, 71.37, 70.95, and 70.01. Fibonacci Retracement: The Fibonacci retracement levels are drawn from a recent swing low to swing high. Key Fibonacci levels are 0.382 (74.03804), 0.5 (73.71), 0.618 (73.38196), and 0.786 (72.91492). Volume Profile: The volume profile on the right side shows high trading activity around the 70.01 level, indicating strong support. Relative Strength Index (RSI): The RSI is currently at 67.65, indicating that the market is approaching overbought conditions but still has room for upward movement. Buy Strategy: Entry: 74.00 (near the 0.382 Fibonacci level) Take Profit 1 (TP1): 75.10 (110 pips) Take Profit 2 (TP2): 76.00 (200 pips) Stop Loss (SL): 73.00 (100 pips) Sell Strategy: Entry: 72.50 (near the 0.786 Fibonacci level) Take Profit 1 (TP1): 71.50 (100 pips) Take Profit 2 (TP2): 70.50 (200 pips) Stop Loss (SL): 73.50 (100 pips) VIP Signal Buy: entry 74.00 tp1 75.10 (110 pips) tp2 76.00 (200 pips) sl 73.00 (100 pips) Sell: entry 72.50 tp1 71.50 (100 pips) tp2 70.50 (200 pips) sl 73.50 (100 pips) Follow @Alexgoldhunter for more strategic ideas and minds This analysis integrates Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies to provide detailed buy and sell strategies. The Fibonacci retracement levels, volume profile, and RSI indicators highlight key areas of interest for optimal trading decisions.
THINKMARKETS:WTI
by Alexgoldhunter
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.
OANDA:WTICOUSDLong
by NaranjCapital
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. ——— 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 ——— Stay grounded, stay present. 🏄🏼‍♂️ <<please boost 🚀 if you enjoy💚
FX:USOILLong
by TheMarketFlow
Confluence of an AB=CD pattern , a Bull flag and Wyckoff spring The best trade is the hardest trade, you have to be patient enough to let the trade develop and pull the trigger without hesitation. AB leg formed with a small retracement that led to a coiling pattern the bull flag, Wyckoff spring (bear trap) formed at C and then price broke the accumulation zone with a retest of trend line and that triggered an entry for a BUY with a CD measured move profit target. Now looking to sell at D or at 1.27 or at 1.618 fib extension levels. Only taking a sell if signs of exhaustion are visible.Price can continue up. Always trade what you see and practice sound money management.
TVC:USOILLong
by ChasuraGold
Hellena | Oil (4H): Short to area of 50% Fibo lvl of 71.500. Colleagues, I believe that price is ending a five-wave upward movement and a correction is about to begin. I expect the price to renew the nearest high and reach the area of 75.500, after which it will start a correction to the area of 50% Fibonacci level of 71.500. It may well be that the price will immediately start a downward movement and it will mean that wave “C” is already completed. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
16
SELL TREND is starting in USOIL market (For more read captions).📉 USOIL Price Forecast 📉 USOIL has broken down the ascending channel with a strong bearish candle, confirming a shift in momentum. The market is currently in a retracement phase, with potential to retrace to the ascending channel before resuming its downtrend toward the targets. Selling pressure is increasing, and the price is hovering around $74.00, where an order block is present. A breakdown below the first target zone will confirm further declines. 🎯 Technical Target Levels: -72.80 (First target zone) -71.00 -70.20 -69.50 (Final target) 📌 Key Highlights: - Ascending channel breakdown confirmed. -Retracement nearing completion—prepare for the next bearish move. -Increased selling pressure supported by strong volume. ✅ Stay Ahead and Profitable! Like, comment, and follow for precise forecasts and profitable insights. Don’t miss out on the next big move—trade smarter with expert updates! 🚀 📢 Join the community for timely analysis and consistent success!
TVC:USOILShort
by TrendLogic1
2
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.
TVC:USOIL
by bryandowningqln
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.
EIGHTCAP:USOUSD
by Eightcap