Crude Oil versus SPX.Crude Oil versus SPX.
In over 100 years, only 2 times has crude oil ever been this CHEAP.
Or is it SPX that is historically EXPENSIVE?
#crudeoil #spx #recession #energy #markets
USOILSPOT trade ideas
Us Oil : Breaking the Recent Multi-Week Consolidation With the breakout of the consolidation zone marked on the chart and its subsequent retest, an increase in oil prices is anticipated. On the 4-hour time frame, reaching the supply zone could trigger a price correction, creating conditions for a re-entry. In this scenario, retesting the $70 level may position oil for further upward movement.
USOIL is Near The UptrendHey Traders, in tomorrow's trading session we are monitoring USOIL for a buying opportunity around 70.60 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 70.60 support and resistance area.
Trade safe, Joe.
crude oil shortcrude oil short
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
USOIL: Bearish Continuation & Short Signal
USOIL
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell USOIL
Entry - 71.02
Stop - 71.82
Take - 69.48
Our Risk - 1%
Start protection of your profits from lower levels
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USOIL Will Go Down! Sell!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 71.095.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 70.000 level.
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!
WTI Bullish For Next Year?Oil defended himself against lower prices below 70 support zone in all year an that is a key factor for the bullish moment we can have in 2025.
Also OPEC+ lowered the roof to produce million oil barrels for entire 2025 due to lower growth expectations and lower demand. This will pressure the price upwards in most of the time next year as the bloc wants a strong barrel.
Movements that broke the 75 zone level would be a key to a stronger bullish bias for the next year. Otherwise, we have to be careful with movements below the 70 zone that is the stronger barrier we have to stop bearish positions.
Oil is not a crypto, but they are twins the next 3 monthsOil is not a crypto, but they are twins the next 3 months. Have you ever seen oil price plummeting 2x in just a three month? Then it is the time to see it. Good luck in trades, buddy.
USOUSD Oil Long bets. Moving up slowly but surely. Daily TF.
The intraday chart around the 1hr and 2hr is a tad hectic with double / triple top, so the daily chart here has a triple bottom for structure support and a head'n' shoulders pattern which I dont think has triggered quite yet.
This trade I recommended on Monday for a long position and these price levels are a bit of a bargain.
If you wanted to buy in I would be buying the closing candle at 69.20
1 HR chart below. Price is just a nudge under 69 now
USOIL/ Decline inside the Regression ChannelTechnical Analysis
The price action suggests a potential bullish trend, particularly if it can break out of the descending channel and surpass the resistance level of 70.49, confirmed by a 4-hour candle close above this level. Such a breakout would indicate strong buying momentum, paving the way for an upward movement toward 71.78, with further potential to reach 72.74 as the next resistance level.
Conversely, the bearish trend will remain dominant as long as the price continues trading within the descending channel and stays below 70.49. Should the price breach the support level at 68.53, this would reinforce the selling pressure, increasing the likelihood of a further decline toward the 67.03 level, which serves as a key lower support zone.
Key Levels:
Pivot Point: 70.49
Resistance Levels: 70.49, 71.78, 72.74
Support Levels: 68.53, 67.03, 65.85
Trend Outlook:
Bearish Momentum
WTI Impulse wave continuation.WTI is still in frame with my previous youtube videos.
A probable impulse is incoming
[USOIL] Daily breakout for swingAfter a long time in a range, it's probably time for the TVC:USOIL to break through and go for some higher levels.
Here is my plan for now with my first long try.
Great Trade !
USOIL Potential UpsidesHey Traders, in today's trading session USOIL for a buying opportunity around 69 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 69 support and resistance area.
Trade safe, Joe.
Potential bullish rise?USO/USD has reacted off the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could rise from this level to our take profit.
Entry: 69.13
Why we like it:
There is a pullback support level that line sup with the 50% Fibonacci retracement.
Stop loss: 67.923
Why we like it:
There is a pullback support level that lines up with they78.6% Fibonacci retracement,.
Take profit: 71.51
Why we like it:
There is a pullback resistance level that lines up with the 127.2% Fibonacci retracement.
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The latest crude oil operation suggestionsOverall, the EIA inventory data released last night was -507.3 before and -142.5 after, while the oil price barely rose by 10 points. The idea in the early trading is to determine the strength based on the high point of 70.5 last night. It is recommended to short on the rebound. Crude oil strategy: short on the high point when the rebound reaches 70, with the target at 69.3-68.6.
USOil - ShortUSOil has broken the previous HL and a bearish divergence is adding confluence, therefore, going Short on USoil. Fundamentally, IEA surplus forecast offsets rate cut optimism may further pull the USOil prices.
USOIL BUY PATTERNHello Traders
What are you thinking about USOIL
In This price will seems as Buy Pattern USOIL As Buy Side Keep eye on it To Buy Price You can see more details in the chart.
Lets like and Share you Minds In Comments .
USOIL Sell IdeaUSOIL Sell IDEA:
Selling USOIL with RR 1:2 on the basis of Divergence and bearish trend
USOIL Will Go Higher! Buy!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 70.58.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 72.27 level.
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!
