USOIL TF 2H 7125wait till price come into the zone and break out with big green/red candles
entry (TF 2h,4h)
SL at previous low/high
TP at Fibonacci
USOILSPOT trade ideas
Oil UpdateOil Update
We talked before about oil around the entry points 67.800 and 69.750
And we have investment or speculative targets with a little patience as targets of $81
And we have set the priority targets
72.5
73
74
74.50
75
Today we are at the level of $77 Are you happy!
Crude Oil Next Target 80 dollar..May Retrace a bit if opens FlatAs mentioned in previous post of 4th January.....Target of 77.8 ..very closer to 78 dollars has achieved. ...
As Crude-oil has not taken proper retracement yet...we can expect a sharp fall on Monday if its open at flat note....RSI and 200 EMA in Daily time frame supporting Bullish side of Crude Oil...so if its a Gap Up Opening we may see the target hitting of 80 Dollars.
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.
Waiting for Clarity: Insights on Oil and the 70 Put OptionsLet’s talk about WTI oil for a moment.
In the upcoming monthly expiration series set for January 15, there’s some interesting action happening with the 70 put options. Traders aren’t just dumping these puts; they’re actively reselling them, and there are definitely buyers stepping in. What’s even more intriguing is that the same 70 puts are being picked up in the next options series as well.
Now, if you look at the charts, it seems like prices have finally broken out of that range they’ve been stuck in for a while and are gearing up to move higher.
With this kind of sentiment in play, I’m going to hold off on making any buys for now and wait for some clearer signals before jumping in.
updated oilWe updated oil from around 67 to 69.750 for WTI crude oil and all targets were reached and the final target was 81 yesterday we were at 77 but the target of 81 was reached for Brent crude oil
For Brent crude oil we might see 84 and the other 81
USOIL TRADE IDEA: LONG | BUY (07/01/25)Price has slowed down - it’ll most likely pull back especially after a good day or two. Price will return to discount and seek to go up.
RR:2.4
NB: This is not financial advice. Trade safely and with caution.
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.!
USOIL turning point 78.466 read caption for more...I have prepared this setup for USOIL what do you think about it let me in comment section.
I am waiting for the area of 78.466 as it is was a resistance made in earlier days. If this breaks and H4 candle closes above then target will be 80.240 as the result of bullish move and on the other hand if it does not closes above or breaks this area then the target will be 76.570 as a result of bearish move.
Kindly support me like comment and share this if you found this helpful.
USOIL PLAYED OUT AS PREDICTEDLast week , I dropped this analysis and price prediction. It Played out exactly!
Hope You Made Some Cool Cash!
The Power of a good Trading (PRORARP)
USOIL - Near to his current support? holds or not?#USOIL.. well guys market perfectly broke his resistance in friday and now trade above that region.
keep close that region because if market hold it in that case we can expect further move to upside.
area is 73.3073.40
BUT keep in mind that that region is also our cut n reverse region. because below that cut n reverse can be a good option.
good luck
trade wisely
OIL Long1)Trend defined. 4h uprent.
2)Contradictory limit order entry. Pull back of shake out.
3)Default loss. A bit lower than the "shakeout" low.
4)Default target level. 4.94.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
USOIL Potential UpsidesHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 73.60 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 73.60 support and resistance area.
Trade safe, Joe.
Crude oil - ready to correct?There’s undoubted skittishness in crude oil at the moment, in much the same way that it can be seen across US equities and stock indices. Again, this comes as traders and investors come to terms with a possible market turning point, and struggle to adjust accordingly. Crude looks as if it is breaking out from its long-running downtrend. This morning, front-month WTI hit its highest level since early October, coming within 25 cents of $75 per barrel. While recent dollar strength is providing a headwind to all dollar-denominated commodities, crude continues to make good upside progress. But it will need some sort of corrective pullback, followed by another significant advance, to garner the wider attention that a sustainable bull run requires. The daily MACD still indicates that momentum is to the upside, but it is approaching levels which have previously preceded a sell-off. The depth and shape of the next decline, whenever that may come, will provide clues as to whether this bull run has legs or not.
OIL bearish bias down to $72.50The price currently trades around $73.37 and appears to be in a retracement phase after a significant sell-off. The overall structure suggests the market may continue to test lower levels with a clear rejection from the recent highs near $75.00, followed by a steady move downward.
Resistance: $74.00, where a rejection occurred
Support: $72.50, which aligns with a previous structure low
Let me know if you agree with my idea ?
USOIL Bearish patternThe current USOil (WTI Crude) price is at 73.30, with support levels identified at:
1. First Support: 72.00
2. Second Support: 70.00
Possible Trading Scenarios:
If the price holds above 73.30: It could indicate stability or a potential move higher. Watch for resistance levels.
If the price breaks below 72.00: This suggests bearish momentum, with the next target at 70.00.
If the price breaks 70.00: This would confirm further downside potential.
Keep an eye on key indicators, economic data, and geopolitical news, as they can heavily influence oil prices. Would you like detailed technical analysis or more information on nearby resistance levels?
USOIL TRADE SETUP ALERT!USOIL TRADE SETUP ALERT!
Market Sell Liquidity Sweep Complete!
Now, we're waiting for:
WEEKLY FVG (Fair Value Gap) RETEST
Strategy:
SELL ENTRY: If market retests above FVG, we'll take a sell entry till FVG.
BULLISH TRADE: If market approaches the bullish FVG, we'll take a long trade.
Get ready to trade!
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💚
WTI raise then downAs shown in the chart, the price still has potential to complete wave 3 at 75.17 -75.40, followed by a correction in wave 4 to 72.90.
Buy at the current price of 74.25 and take profit at 75.17 ( your stop loss accordingly). Then, wait for a reversal pattern to sell and target 72.90 - 72.15.
USOIL Short Setup: Key Zone to WatchUSOIL is testing a significant resistance zone around the 78.00 level, an area where price previously faced strong selling pressure. Current price action suggests potential exhaustion, with signs of rejection visible.
If sellers take control, a pullback toward the 76.01 level, acting as the first key support, could be in play. Traders should look for bearish confirmation, such as reversal candlestick patterns or breakdowns below recent lows, to position for a potential short move.
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.
