US oil scalping tradeUSOIL fresh buys trade with care. Volume divergence take less risk Sl=69, TP1=72, TP2= 74.
USOILSPOT trade ideas
Usoil trade WTI moves below 69.00, further downside seems possible due to stronger US Dollar
West Texas Intermediate Oil price extends its losing streak for the fifth successive session, trading around $68.90 per barrel during the Asian hours on Friday. Crude Oil prices, denominated in dollars, are on track for a weekly decline due to a stronger US DollarCrude Oil, commonly known as petroleum, is a naturally occurring fossil fuel liquid composed of hydrocarbon underground deposits and organic materials. The prices of this popular commodity are measured in USD. Saudi Arabia, Russia, United States, Iran and China are the countries producing more oil. On the other hand, United States, China, Japan, Russia, and Germany are the countries consuming more oilCrude oil is classified into various grades according to density (heavy vs light) and sulphur content (sour vs sweet). The lighter and sweeter the crude, the higher the price it can be sold, because refiners can produce higher yield of high quality refined products from it.
Density is measured by API gravity, a measure developed to compare the density of petroleum with water (API > 10 means the liquid floats on water) but is now widely used to compare among crude oils. API degree is inversely related to the density of crude oil. In general, crudes of API between 40-45 degrees can be sold at greatest commercial values
1220 USOIL could not break top zone and turn down sideways againHello traders,
This Thursday, Bitcoin's price experienced significant fluctuations, dropping from $102,000 to $97,000, a decline of $5,000 overnight. If we consider the high point from last weekend, the "tulip bloom," to the current "withered" state, it has fallen a total of $11,000 within a week.
As a reminder, the second half of December is the period of tightest liquidity in the U.S. Everything is sellable!
Therefore, when Federal Reserve Chairman Powell clearly stated, "We are not allowed to own Bitcoin," it can at least be confirmed that the rumors of the Fed holding Bitcoin have been dispelled, and the U.S. government's plans to accumulate Bitcoin are nearly impossible. This means that Bitcoin's price has finally returned to "normal," reflecting the trend of tightening liquidity.
On Thursday, there are several important data points to pay attention to:
1. U.S. Dollar Index: 108.3
2. 10-Year Treasury Yield: 4.57%
3. 30-Year Treasury Yield: 4.74%
These figures indicate that inflation expectations are rising. In particular, the 30-year Treasury yield is just about 10 basis points away from this year's high of 4.81%, and less than 40 basis points from the 2017 peak of 5.11%. Over the past two weeks, the 30-year Treasury yield has risen by 40 basis points.
What is the current market consensus? The small red circle suggests shorting U.S. Treasuries and going long on the dollar.
Today is Friday, a special day, as it marks the largest and most important options expiration date (OPEX) of 2024. Given the maximum OPEX, the impending government shutdown, and the tightening liquidity, the market may experience significant volatility!!!!!! Major attention is needed during this time, particularly during U.S. market hours (9:00 PM Beijing time to early Saturday morning).
Wednesday's internal tips:
On the 4-hour chart, crude oil has retraced below the EMA and the first resistance level, which diverges from the daily chart (where the candlestick is above the EMA) and the weekly chart (which has broken through the bottom resistance line), creating a selection issue for the market.
**Idea One:** You can choose to enter new long positions after the 4-hour chart returns above the EMA.
**Idea Two:** You can also consider a larger risk-reward ratio, entering the market opportunistically while the 4-hour chart is below the EMA, but the daily and weekly charts remain bullish.
For existing long positions that have not hit the stop loss, it is recommended to hold on, based on the second idea mentioned above.
TP1: 71.5
TP2: 72.0
TP3: 72.70
On Wednesday, during U.S. market hours, crude oil faced resistance at the first resistance level;
On Thursday, during U.S. market hours, crude oil was blocked by the 4-hour EMA.
At this point, the long crude oil trades hit their stop loss, and positions were closed, requiring a reevaluation of the trading strategy.
Since Wednesday, under the pressure of the Fed's hawkish interest rate cuts, the demand outlook for crude oil has become increasingly bleak. Moreover, the market's further slowdown in easing expectations poses severe challenges for oil prices. Currently, the market generally believes that there will be a significant oversupply of global oil next year.
In this market expectation, a rise in oil prices has become almost impossible. Market sentiment is low, and investors are generally cautious about the oil market. In the coming months, oil prices are likely to remain under pressure, making it difficult to regain their former glory.
From a technical perspective, on the 4-hour chart, crude oil continues to struggle within a sideways range.
On Friday, plan to establish new short positions. On the 1-hour chart, during European and American market hours, look for an opportunity to enter short positions on crude oil based on a 1-hour reversal signal.
TP1: 67.50
TP2: 66.60
Mid-term short position take-profit level: 63.50.
GOOD LUCK!
LESS IS MORE!
19.12.41 US OIL 70.30 USD - expect the unexpectedConsolidation done. Still huge conflicts in Middle East.
And we all know, what happend, when tanker blocked in street of hormuz or suezmax or havarie before in harbour Rotterdam. Whole econmic world is forced by hours/days in logistics.
So be prepared for move in Oil.
19.12.24/Dan
Crude oil weighing demand concernsOn the other hand, crude oil is currently trading below the critical threshold of $70.00, reflecting growing concerns over demand due to disappointing economic data from China. This decline has sparked fears of reduced consumption in one of the world's largest oil markets, prompting traders to reassess their outlook.
The technical landscape for crude oil shows notable support around **$65.00**, which traders will be watching closely. If prices continue to hold below **$70.00**, short positions may become increasingly viable as bearish sentiment prevails. Resistance at this level will need to be overcome for any bullish momentum to materialize.
Given the current volatility in oil markets, it’s essential for traders to remain cautious and vigilant. Monitoring real-time economic indicators will be critical in making informed trading decisions as we navigate through these uncertain waters.
USOIL Will Move Higher! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 70.05.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 72.85 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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WTI OIL entered a new bullish pattern on a 4H Golden Cross.WTI Oil (USOIL) just formed a Golden Cross on the 4H time-frame while at the same time it rebounded on the former Lower Highs trend-line. This technical shift from a Resistance level turning Support, signifies the emergence of a new Channel Up pattern.
The pattern's first Higher High was priced on the 71.45 Resistance (1) and if the current Higher Low holds at the bottom of the Channel Up, we expect an equally powerful Bullish Leg for the next Higher High.
As a result we expect it to hit at least Resistance 2 and our Target is $72.80.
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WTI Oil H1 | Overlap resistance at 61.8% Fibonacci retracementWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 70.46 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 71.50 which is a level that sits above a multi-swing-high resistance.
Take profit is at 69.19 which is a multi-swing-low support.
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USOIL: BEARISH TREND USOIL: BEARISH TREND
Price has been rising but a gap has been identified. Expecting a reversal and sell opportunity. Price is due for a correction and sellers are expected to take control.
Key Levels:
- Entry: NOW (70.70)
- Stop Loss: (71.46)
- Take Profit: (68.00)
Linear Regression Channel:
- Upper band: Resistance
- Lower band: Support
- Median line: Trend indicator
My prediction: Sell opportunity arising from gap identification.
Price has been rising but a gap has been identified. Expecting a reversal and sell opportunity. Price is due for a correction and sellers are expected to take control.
Key Levels:
- Entry: NOW (70.70)
- Stop Loss: (71.46)
- Take Profit: (68.00)
Linear Regression Channel:
- Upper band: Resistance
- Lower band: Support
- Median line: Trend indicator
My prediction: Sell opportunity arising from gap identification.
Best wishes Tom 😎
USOIL is Nearing A Decent SupportHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 69.20 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 69.20 support and resistance area.
Trade safe, Joe.
Crude Oil is looking to clear it's nearest inefficient rangeKeeping it simple we can view this as a lower high > lower low sequence as the high we approached a few days ago was never broken.
Clear inefficiency below should be the only range that will hold price up but my eyes are on the lowest daily orderblock at the extreme range retracement.
Hourly view shows more detail with support levels being extremely disrespected denoting how sellers have been lurking in the wind. Volume profile also shows super bearish volume in these levels with a small support node below the range.
WTI CRUDE OIL: Bullish fractal from 2023 targets $78.50.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 51.153, MACD = 0.060, ADX = 20.101) as it is trading around its 1D MA50 but at the same time remains supported on the S1 Zone. In the meantime the 1D RSI is rising on HL, which is a bullish divergence. This set of dynamics are identical to March-June 2023, when WTI was contained over the S1 Zone but the RSI was pointing to a bullish divergence that eventually caused a bullish breakout. Consequently, we are bullish now, aiming again at the R1 level (TP = 78.50).
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USOIL Best Level to Short/Hold 10% swing trade setup🔸Hey guys, today let's review the 2 hour chart for US oil . Any upside is
limited by strong overhead resistances, currently trading near range highs
so overall risk/reward shifting in bears favor.
🔸Strong resistances will cap upside at 72.00 usd / 72.50 usd. right now
locked in tight trading range, however expecting final pump to trigger overhead stop losses before reversal and subsequent sell off event.
🔸Recommended strategy for BEARS: wait for the final pump before short selling from strong overhead resistances at 72.00 and 72.50 SL fixes at 74.00 usd, TP1 bears is 68 usd TP2 bears is 66 usd. swing trade setup, patience required. good luck!
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Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
WTI - Short is now in the Short Sell ZoneLooking for an entry now to go short on WTI.
Stop loss will be above the previous high on the higher timeframe, and take profit will be lower down, potentially at the lower green zone, where I will then look for a buy position.
I am also watching the volume footprint to understand whether the order flow is slowing down, and the sellers are starting to take over. That is my final green light to short WTI on this trade.
TQRGET REACHED ON CRUDE OILEarlier I posted to buy on CL1! | USOUSD | CRUDE, after that I posted to sell and reverse the position, now the market reached our target which was the LQ Level, 2 good trades today!
Follow for more daily trades!
XTIUSD WTI CRUDE: Momentum BreakoutIt’s a momentum Breakout. Buy targeting 71.45 and 73.10. Risk under 69.98
TRADE REVERSED ON CRUDE OILI posted earlier to sell on CL and I didn't post to reverse the position after that we got a reversal, now we're targetting the BS LQ.
SELL CRUDE OILI'm sharing with you another trade today and this time on CL | USOIL | USOUSD, you xan sell targetting the same level as mine with the same SL.
Follow for more!
WTI - Short Setting UpWTI - Is almost at my sell zone.
Once we hit the sell zone, if we do, then I will be looking for price action and also for the buy orders to be fading out.
Crude Oil long term analysis⭕WTI has taken downward trend since (18Jul 24) , Because of industrial countries had bad data and concern about suffering recession the price gone down.
🔻In the another side OPEC+ decided increaseof their supply.
🔻China's data not promising, China is the biggest importer of Oil in the world so its pridectable to effect oil price.
🟢Middle east and tension of that has no end ,Analysts alarm to happening War and Geopolitical things limtied down trend of price.
🟢Fed's recently reduced intrest rate by 0.5 which is big move since years ago ,And they decided to cutting rate by 0.25 from other meetings it mean Soft Landing , in this case it will help to US Gov'
to improve the economic and WTI price mostly dependent to US economic so it will help to growth Oil price
🔵So many countries economics related together so if US ecnomy will recovery it self
China , Japan , Euro zone , Australia , Canada , ..... will betterment too so if the economics of countries better so productions and output will growth that causes import Oils and counsume.
✅In my idea 66$ to 63$ very big support area and good place to order Buy.
my expectation is WTI in 2025 will growth smoothly to our other targets.✔✔
💌pls add your idea too and let me know❗❓
WTI/USOIL Energy Market Heist Plan on Bullish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the WTI / USOIL Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a bull trade anywhere,
however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low level.
Goal 🎯: 73.500
Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
Bearish drop off 61.8% Fibonacci resistance?WTI oil (XTI/USD) is rising towards the pivot which is an overlap resistance and could reverse to the 1st support level which is also an overlap support.
Pivot: 70.60
1st Support: 69.25
1st Resistance: 71.44
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