USOIL ..in the 1hr time-frame usoil was berish but late in the day there was a swift CHOCH to the upside in the 1hr time-frame. Expert a temporary bullish move. The move is temporary given that daily supply zone lies above the price.
USOILSPOT trade ideas
WTI Crude Oil (USOIL) Daily Chart AnalysisCurrent Price: $71.16 (-2.70%)
Timeframe: Daily (1D)
1. Trend Analysis (Bearish Bias)
The price is in a downtrend, as shown by the descending green trendline.
Lower highs and lower lows indicate continued bearish momentum.
The price recently rejected the upper trendline, reinforcing the downtrend.
2. Key Support and Resistance Levels
Resistance Zone: $72.50 - $73.00 (Previous structure resistance).
Minor Support: Around $70.00.
Major Support Zone: $65.00 - $66.00 (Highlighted pink area).
3. Price Action & Market Structure
The recent price action shows rejection from resistance and a bearish engulfing candle, signaling more downside pressure.
A break below $70.00 could confirm further selling toward the $65.00-$66.00 support.
If the price bounces at $65.00, it could trigger a reversal or consolidation.
4. Trading Strategy
Bearish Setup:
Short below $70.00 with a target of $65.50-$66.00.
Stop-loss around $72.50 (previous resistance).
Bullish Reversal:
If price breaks above $73.00, consider a long position with a target of $75.00-$77.00.
Conclusion
The market is in a clear downtrend, and the price is approaching a key support area. A breakdown below $70.00 could lead to further downside, while a strong bounce from $65.00 may provide a bullish reversal opportunity.
Would you like additional indicators like RSI, MACD, or volume analysis?
USOIL 1H Analysis: Bullish Breakout or Reversal?📊 WTI Crude Oil (USOIL) 1H Chart Analysis 🛢️🚀
Current Market Status
Open: 73.33
High: 73.36
Low: 73.25
Close: 73.26 (-0.11%) 🔻
200 EMA: 72.40
Key Observations
✅ Strong Uptrend 📈
Price is trading above the 200 EMA (red line), indicating bullish momentum.
Recent candles show higher highs and higher lows, confirming upward movement.
✅ Consolidation Zone 📊
Price is currently in a range (orange box), suggesting a potential breakout.
Market is forming small candles, indicating indecision before a bigger move.
✅ Projected Breakout 🚀
The chart shows an anticipated bullish breakout above $74.00 - $74.85 target area (gray box).
If the price breaks above resistance, it may rally towards the next psychological level $75.00+.
❌ Risk Zone (Stop Loss Area) ⚠️
Support zone (bottom of the orange box) at $72.78 - $73.15.
If price breaks below this level, a bearish reversal could happen.
Trading Outlook
💡 Bullish Bias 📈: Look for a breakout above $73.50 - $74.00 for a long entry.
⚠️ Bearish Reversal Risk: A break below $72.78 may invalidate the bullish setup.
🔥 Potential Move:
🚀 Upside Target: $74.85 - $75.00+
🛑 Stop Loss: Below $72.78
USOIL - near resistance? what's next??#USOIL... market just placed his current resistance high so keep close that region that is around 73.40 to 74.00
of market holds that region in that case we can see a drop from here.
otherwise not ..
good luck
trade wisely
USOIL ANALYSISWaiting for certain confirmations but my overall bias is bullish for USOIL. Looking for buys between 2 zones>> 72.00 and 71.500. Lets wait and see.
Bullish bounce off pullback support?WTI Oil (XTI/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
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11-2 Oil: 11-2 Oil: the down trend seems to be turning. Our signal system still shows a neutral score of 1 which consists of Retail sentiment 1, Seasonality 1, Trend reading 1, GDP -1, Manufacturing PMI 1, Services PMI -1, Retail Sales -1, Inflation 1, Employment Change -1, Unemployment Rate 1, Interest Rates -1. This data gives us a buy option at 74.445
Oil weekly forecast with key buy and sell levels Oil on the weekly with key levels and buy and sell suggestions.
USOIL Set To Grow! BUY!
My dear followers,
This is my opinion on the USOIL next move:
The asset is approaching an important pivot point 70.97
Bias - Bullish
Safe Stop Loss - 69.61
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 73.22
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
WTI Oil H1 | Bearish momentum gaining further tractionWTI oil (USOIL) could pull back towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 70.89 which is a pullback resistance.
Stop loss is at 71.35 which is a level that sits above the 38.2% Fibonacci retracement and a swing-high resistance.
Take profit is at 70.11 which is a multi-swing-low support.
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USOIL TRADING IN A NARROW RANGE BOUNDPrice of usoil is currently in a range bound market condition as we see from the H4 timeframe. A rebound at the support level fosters the possibility of price trading bullish away from that zone . A buy opportunity is envisaged
US OIL LONG POSITION Crude oil Price Gave me a good Bullion sign at the open of the market this new week, which I took and currently in good profits, after the dump and consolidation of last week.
Although Price seems to be getting choppy at resistance, we'll see how long we can ride on this one.
WTI on high time frame
"Hello traders, focusing on WTI, the price has hit the daily order block at $73.5 and experienced a strong rejection on the 4-hour chart. The price has broken below the trend line and is indicating potential downward movement during the Asian session today. It's important to note that there is a CPI news release during the U.S. session today, so exercise caution in your trading decisions."
If you have any specific questions or need further assistance with your message, feel free to ask!
Oil - see if my plan worksHello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck!
WTI Crude retest of 13th February swing lowThe WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 7200, 20th February swing low level. An oversold rally from the current levels and a bearish rejection from the 7200 level could target the downside support at 6964 followed by 6880 and 6830 levels over the longer timeframe.
Alternatively, a confirmed breakout above 7200 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7250 resistance followed by 7316 levels.
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Oil Reversal in Sight? Technical Analysis🚀 Oil (XTI-USD) Reversal in Sight? Technical Analysis 📈
On the 4H chart, oil is holding above the 70.00 support level and attempting to break 71.20. If bulls manage to secure this level, we could see a move toward the local high of 73.10.
Technical signals supporting growth:
✅ RSI and Momentum divergence on 4H
✅ Attempt to break above the Alligator’s jaws on 1H
✅ Possible corrective move after the recent decline
USOILUSOIL is in bullish trend.
Storngly bullish trend potentially printing HH and HL.
Alligator also indicates trend will go up further.
We buy at CMP.
After a new base formed in December, a new channel has formedSeeing how this move plays out.
A base is created in December 2024.
Price falling below $70 affected the commodity and a new base price formed.
The markets are trying to recover from a long period of low income and low margins. We have started a new cycle.
USDWTI Technical Analysis.When the USDWTI weekly chart is examined; It is observed that the price movements continue in a triangle formation. It is evaluated that the USDWTI price can target the 107.00 level in price movements above the 75.95 level, but it is evaluated that it can retreat to the 34.57 level in price movements below the 65.47 level.
Oil - 2 possible buy opportunities Oil - 2 possible buy opportunities. Let's see how it works, always set SL.
WTI Crude Oil: Range-Bound Between Critical LevelsLooking at the H1 timeframe for WTI Crude Oil, we're observing a defined range structure:
Market Structure:
Trading within established range (70.17-73.18)
Recent rejection from 72.50 resistance
Moving averages clustered around current price
Multiple tests of both range boundaries
Key Levels:
Upper Range: 73.178
Current Price: ~72.23
Lower Range: 70.168
Immediate Support: 71.81
Technical Indicators:
Volume showing decreased activity in recent consolidation
Momentum indicators in neutral territory
Price oscillating between moving averages
No clear directional bias in indicators
Trading Considerations:
Respect range boundaries for entries
Watch for breakout confirmation with volume
Key resistance at 73.17 needs clear break for upside
Support at 70.17 crucial for maintaining range
BIAS: NEUTRAL
Clear range-bound conditions
No dominant trend direction
Price centered in trading range
Waiting for range breakout for directional bias
US OIL BULLISH 73Hey there on 1HTF US oil change there ways we now can see at this level we should see a bullish continue will reach next ath record 73 and 73.50
But if the price decline and comes downside and then we should see next support level is
Of US oil from 72 and 71.50 must be bullish candle to our next target 73 and 73.50
USOIL LOOKING BULLISH Check my USOIL analysis according to my personal analysis USOIL Looking Bullish Till my Given targets Which Are 75.00 this is also my Resistance zone for further bullish and 79.65, is my confirm target and Support zone is identified at 70.00 lets see how its works.
