The chart is looking set for a rally to the north! Looks set for a stride towards 76.59. Interim projection leading to 83.36. Enter long with stop below 68.85Longby triggershark19
USOIL - bottom out here ? what's next??#USOIL.. after a perfect holdings and pull back now market just above his current immediate supporting area that is around 69.90 to 70.20 keep close that region because if market hold it in that case we can expect a further push to higher side. dont short until market hold it ... good luck trade wiselyby AdilHussain731333Updated 7
WTI - Crude Oil in Bullish TrendThis asset can be seen in a bullish trend with RSI showing no divergence on an hourly chart. A trade plan can be put in place to trade this symbol till its resistance zone.Longby MuhammadArif0391
NEW UPDATE USOIL H1 NEW UPDATE USOIL H1 Keep enjoy my target Hello my dear followers today i post new chart USOIL H1 chart Now USOIL is going down don't very today we make good profit keep fallowing Now the price of USOIL 69 Entry point 69.48 Target 70.60 STOP LOSE 71.57 Keep fallowing me for more updates like this Trade with your own risk Shortby mrsagarfx888
USOIL:Latest trading opportunities. USOIL: The current position is around 71.2. According to the quotation of tradingbiew. From a macro analysis, as a strategic reserve, the rise of oil is inevitable. From the perspective of long-term trading, buying is feasible. Short-term observation. "Whether OPEC+ will cut production" is an important factor in the upward trend of oil prices. From the perspective of short-term trends, buying is still feasible. In the short term, we need to pay attention to the price around 73.5. Because there is a major support below. If you can accept a price fluctuation of 20 points, then there is room for profit in buying. Stop loss and take profit are ±2 respectively. The current price is 71.2. Remember to take profit in time after making a profit. TVC:USOIL FX:USOIL Longby Newbie-Trading-5
USOIL MARKET ANALYSIS AND PRICE PREDICTIONUSOIL, has finished consolidating at the Institutional Renegotiation zone, Decision has been taking in favor of the Bulls, price has broken structure and a renegotiation mini trend line with a FVG. Price has retrace already to mitigate the order block and has given the Bulls a perfect Entry. The Target is the Renegotiation Resistance . Entry Is Now Entry, Take Profit and Stop Loss are clearly stated at the chat. GOOD LUCK GUYS! Longby Akpambang2
WTI highest in more than 3 weeksTVC:USOIL hit its highest level in more than three months in early trading on Monday (January 13) in Asian markets, continuing last Friday's rise on market expectations that the United States will strengthen its measures. sanctions on Russia's oil industry, which will result in Russian supplies in China and India coming under pressure; In addition, the nonfarm payrolls report also boosted market confidence in the growth of crude oil demand in some parts of the US and Europe also stimulated winter crude oil fuel demand. The Biden administration on Friday imposed the broadest package of sanctions targeting Russia's oil and gas revenues, a move aimed at giving Kyiv and Trump's new team leverage to reach a peace deal in Ukraine. This move is aimed at cutting Russia's revenue to continue the war. Since the Russia-Ukraine conflict began in Russia in February 2022, the war has caused tens of thousands of casualties and reduced many cities to rubble. Ukrainian President Zelensky posted on X that the measures announced last Friday would "deal a big blow" to Moscow. He added that "The less money Russia gets from oil... the sooner peace will be restored." US job growth unexpectedly accelerated in December, the unemployment rate fell to 4.1% and a stable labor market at the end of the year will boost crude oil demand. Friday's closely watched Labor Department jobs report also showed fewer long-term unemployed people in December and the average length of unemployment shortened. Increases in these indicators have previously raised concerns about a labor market downturn. December employment rose 256,000, the most since March. Data for October and November were revised to show 8,000 fewer jobs were added than previously reported. The unemployment rate decreased from 4.2% in November. The average unemployment rate last year was 4.0% and in 2023 it will be 3.6%. In Friday's report, the government also released revisions to the past five years of seasonally adjusted household survey data, from which the unemployment rate is calculated. With last Friday's jobs data settling in, this week will see a lot of US data and statements from Federal Reserve officials. US President-elect Donald Trump's team is expected to make many comments before the inauguration ceremony on January 20. China's trade data, economic activity and GDP will also be the focus of the market in general and the Crude Oil market in particular. On the daily chart, TVC:USOIL continues its uptrend after breaking through the rising price channel noticed by readers in the previous issue. And currently the upward momentum is limited by the 0.618% Fibonacci retracement level, once WTI crude oil breaks above this level it can continue to increase further with the target then around 82.75USD in the short term. However, the Relative Strength Index shows that the RSI is operating in the overbought area, which is a signal that there is not much room for price increases ahead, and also signals a possible downward correction. happen. However, the technical outlook for WTI crude oil is currently bullish with support from the trend price channel, EMA21 and the nearest support level at the 0.50% Fibonacci retracement. As long as WTI crude oil remains above the price channel and EMA21, any price declines should only be considered short-term corrections, notable levels will also be listed as follows. Support: 76.33 – 75.20 – 74.61USD Resistance: 78.98USDby Xayah_trading1
oilOANDA:WTICOUSD oil its look uptrend to break the last high when price reach the 70.80 you want to enjoy your profits or move sl to entry price and wait until reach the target Longby gameoverfxUpdated 7
usoilUSOIL is currently in a bullish trend i am seeing a bullish move into 80$ per bblLongby Showboi-fxUpdated 119
$USOIL USOIL WT CRUDE OIL Descending TriangleTVC:USOIL USOIL WT CRUDE OIL price action has formed a Descending Triangle on the Weekly timeframe. Current Price: 70.3 In previous years, #USOIL reached a high of 149 and retraced to a low of 66.4 (A retracement of over 50%) A breakout of Descending triangle can lead to higher prices: 73.9, 84.4, 94.3 A break below 66.4 can lead to prices down to 42.7! It remains to be seen... Longby Ifiok-2sydesUpdated 1
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.by absiko0
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.Longby ChasuraGold0
RE: USOIL MARKET ANALYSIS AND PRICE PREDICTION I, dropped this analysis about USOIL last week, Take profit 1 has been achieved at the Order Block. Price is heading towards the Renegotiation Resistance to clear off the buyside liquidity. I just entered again for TP 2. You can enter also! GOOD LUCK GUYS!Longby Akpambang0
WTI crude oil Wave Analysis 9 January 2025 - WTI crude oil reversed from support level 72.25 - Likely to rise to resistance level 74.60 WTI crude oil recently reversed up from the key support level 72.25 (former resistance from October and November, as can be seen below). The upward reversal from the support level 72.25 continues the c-wave of the active ABC correction 2 from the middle of November. WTI crude oil can be expected to rise in the active minor c-wave to the next resistance level 74.60, coinciding with the resistance trendline of the narrow daily up channel from last month. Longby FxProGlobal0
COLLECTED PROFITS ON TODAY'S TRADE ON USOILI posted earlier today to buy on USOIL | OIL | CL1!, We set a 1:2 trade but since today is a holiday and the markets are slow, we closed after that we have an equal high and the market swept them. We had a wonderful trade in a closed market. Follow for more!Longby YassineAnalysis1
Wajani Investments1/09/2025 WTI is currently making LHs as seen from 0-2. At point 2, support becomes resistance to the left. In addition, the 50 EMA has crossed the 22 EMA all further confirming a bullish activity. If structure 2 is not broken to the downside side, then OP1 holds, however, if structure 2 is broken, then look for OP2. What are your thoughts? Longby racyrace0
BUY USOILAs you can see here on the chart, the market will start its rally upwords after the last down movement, now we got the confirmation of the reversal. Buy and target the same level as mine. Follow for more!Longby YassineAnalysis1
US OIL REVERSE 74Hey There On US OIL 1HTF looks on horizontal way looking for retest sell zone area from 74.$ and when the buyer side from 72 per ounce Longby DvsTraderfirm0
WTIUSD_15M_BuyWest Texas Oil Analysis Short time Elliott wave analysis style Given the completion of five descending waves, the market can complete the ABC correction and move towards $74.00.Longby Elliottwaveofficial0
WTI - The fate of oil with Trump's policies!WTI oil is above the EMA200 and EMA50 in the 4-hour time frame and is moving in its upward channel. In case of a downward correction towards the demand zone, the next opportunity to buy oil with a suitable risk reward will be provided for us. Being in the supply zone of oil will provide us with the possibility of selling it with reimport at a suitable risk. The price of US crude oil futures (WTI) reached $75 per barrel, marking its highest level in the past three months. According to the American Petroleum Institute (API), US oil inventories dropped by 4 million barrels last week. If this reduction is confirmed by official data, inventories would reach their lowest levels since 2014. The severe cold in the United States has increased fuel demand and heightened risks of production disruptions, while Europe is also facing harsh winter conditions. Meanwhile, the Trump administration’s tighter sanctions on Iran, combined with a global supply reduction and persistent cold weather, could pave the way for further increases in oil prices. Last year, crude oil prices declined due to weak demand from China and oversupply. Market analysts predict that oil prices will remain under pressure in 2025. In its November report, the International Energy Agency projected that global oil demand would grow by less than one million barrels per day in 2025, a significant decline compared to the two-million-barrel-per-day increase seen in 2023. The Commonwealth Bank of Australia (CBA) forecasts that Brent crude prices will drop to $70 per barrel this year due to expectations of increased oil supply from non-OPEC+ countries, which could offset global consumption growth. In a December note, BMI stated that the global oil market would likely face an oversupply in the first half of 2025 as new and substantial production from the US, Canada, Guyana, and Brazil enters the market. However, if OPEC+ implements its voluntary production cut plans, this oversupply could exert even more downward pressure on prices. BMI also highlighted that the outlook for global demand in 2025 remains unclear, stating, “Global demand for oil and gas continues to face uncertainty, with sustained economic growth and rising fuel consumption potentially offset by the impacts of trade wars, inflation, and declining demand in developed markets.” Additionally, the recent disruption of Russian gas flows to several European countries by Ukraine on the first day of the new year has added further uncertainty to global markets. As long as this situation persists, gas prices are expected to remain elevated. Citi Bank also noted that colder weather in the US and Asia during the remaining winter months could keep prices at high levels. According to the Financial Times, Donald Trump, who will assume office on January 20, is set to take control of one of the most powerful economic governance tools, capable of significantly enhancing America’s influence abroad. This tool is unmatched since the Cold War. However, the US economic framework remains flawed due to poor coordination and conflicting political priorities, presenting Trump with significant challenges in developing and implementing it. Unlike Joe Biden’s efforts to create a multifaceted geopolitical approach similar to China’s, the US economic framework suffers from issues in coordination and goal-setting.by Ali_PSND1
CRUDE OIL IN H4 DOUBLE TOP, WILL PRICE REVERT TO ITS MEAN?With a weakening crude oil price and double top created on H4, will this cause the price of the commodity to fall and revert to its mean? N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #usoil #crudeoil #wti #brentoilShortby BullBearMkt1
Oil shortOil saw a nice sell-off ahead of the FOMC minutes later. Both trades are still running in profit. My stops are at BE, trade is now risk free. Shortby Golb0
USOIL - is it continues pattern? What's next??#USOIL - perfect holding as per our last idea and now market again make fresh support and just trade above. That is 74.40 around, keep close it and if market holds 74.40 then am expecting further bulish oil. Good luck Trade wisely by AdilHussain731333Updated 0