USOIL WEEKlLY ANALYSIS #USOIL. The buyside is rich. As price continues to surge for bullishness...... Thought there might be some short term rally on price fluctuations on intraday time frame, the Monthly t
imeframe will surely come to fruition
USOILSPOT trade ideas
Brent Oil Poised for a Rally!Brent crude prices are currently influenced by a combination of strong geopolitical and climatic factors. At present, WTI is trading around $73.30 per barrel, nearing its highest levels since October 2024, as investors closely monitor the potential impact of colder weather in the United States and Europe. Seasonal demand for heating oil is expected to rise, providing additional support to crude prices. Simultaneously, China’s economic policy plays a crucial role in shaping the global energy market, given its status as the world’s largest crude importer. Recent stimulus measures announced by Beijing, including ultra-long-dated treasury bonds and initiatives to boost investment and consumption, have heightened expectations for increased fuel demand. Support from the People’s Bank of China, which anticipates a potential interest rate cut in 2025, along with the Shanghai Stock Exchange’s commitment to further open capital markets to foreign investors, strengthens the country’s economic recovery outlook.
In addition to these dynamics, the outlook for Iranian exports remains a critical factor for the Brent market. Goldman Sachs forecasts a decline in Iranian production by approximately 300,000 barrels per day by the second quarter of 2025, lowering the country’s total output to 3.25 million barrels per day. This drop is attributed to the anticipated tightening of sanctions under the new Trump administration, which could curtail global supply and support higher prices. The combination of rising seasonal demand for heating oil, growing demand from China, and reduced Iranian supply could sustain an upward trend in Brent prices in the short to medium term. However, it remains essential to closely monitor geopolitical developments and major central bank policies, as any significant changes could alter the current outlook.
TP HIT ON USOIL | CL1!I posted earlier today to buy on Oil, and the market reached our TP now it started reversing.
Follow for daily trades!
OilOil continues to rise as I mentioned earlier in my analysis about oil
We hope for more rises
We expect this movement, especially after the strong breach of 72.5 to reach these areas
Now we have to expect the rise within this range
Please monitor the channel with the lines to be aware of the market direction
I wish you success and more profits
BUY USOIL | CL1!Good morning traders!
Today's trade is on Oil, you can buy and set the same target and stop as mine.
Follow for more!
Oil 30 mins scalp to 38% retracement in progressTargeting at least a 38.% retracement in Oil after the completion of an ABCD harmonic pattern.
Trend still bullish but we always Trade what we see with good risk management.
Keep stop losses tight and we will add positions at the sign of a retracement.
AB=CD completed in Oil 4hr Was bullish at C and the take profit objective was reached at D. The CD leg is a 1.618 extension of the AB leg.
Looking for a sell if the top Gann resistance holds, target will be at least a 38.2% retracement of the bullish swing.
Looking for a coiling pattern to validate a buy when Gann resistance is broken to continue bullish move up.
Always Trade What You See and practice good money management...🍻
USOIL 🛢️ WTI Crude Oil (USOIL) 1H Chart Analysis
Price is consolidating around key demand zones at $7,261.5 and $7,270.2, showing potential for a bullish bounce. A break above $7,353.3–$7,364.8 could confirm upward momentum.
🛠️ Plan:
Bullish Bias: Buy near the demand zones with targets at $7,353.3 and $7,364.8.
Bearish Scenario: A break below $7,261.5 may indicate further downside pressure.
Monitor for price action and confirmation signals!
💎 FXFOREVER – Turning market opportunities into profits.
crudeCRUDE
MTF Analysis
CRUDEYearly Demand 39.5
CRUDE 6 Month Demand 41.2
CRUDEQtrly Demand BUFL 74.3
CRUDEMonthly Demand 77.3
CRUDEWeekly Demand 70.3
CRUDEDaily Demand DMIP 69.8
ENTRY -1 Long 70.3
SL 63.5
RISK 6.8
Target as per Entry 111.6
Last High 87.6
Last Low 63.6
ENTRY -2 Long 69.8
SL 63.5
RISK 6.3
Target as per Entry 111.6
Last High 87.6
Last Low 63.6
Crudeoil...Next target 78 -80 Dollers but after Retracement ..!!US Oil has shown good momentum as expected....Broken Very Strong Level of 72.5 Doller as expectations and has hit the target of 74 dollers mentioned in previous idea....As we can see it is going up from last 5 days , has not taken any retracement for which most of the buyers are waiting for. Expected move on monday Red Box is a retracement level. Lets hope for the best to see the new Rally till 78-80 dollers after touching a levels of Red Box.
WTI crude oil Wave Analysis 3 January 2025
- WTI crude oil broke resistance area
- Likely to rise to resistance level 76.00
WTI crude oil rising sharply after the earlier breakout of the resistance area located between the key resistance level 72.25 (top of the previously broken daily Triangle) and the 50% Fibonacci correction of the previous downward impulse 1 from October.
The breakout of the resistance area accelerated the c-wave of the active ABC correction 2 from the middle of November.
WTI crude oil can be expected to rise to the next round resistance level 76.00 (former resistance from October and the target price for the completion of the active wave 2).
WTI PRZ on 4H chart
WTI
OIL has price reversal zones
i am waiting for a confirmation to take a position.
CRUDE OIL ( WTI )Why did I take this trade. Price respected our trendline channel for sometime on high TFs. However, on the 30 M, we saw a bullish engulfing that changed the manner of the long term trend. Executed trade on 1H and currently in profit
USOIL Trade SetupHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
Oil UpdateOil Update
This is the bottom and this is the top for today
We may see more upside but if the red line is breached and in the worst case we may see more downside to the green line area
Oil on the long term as an investment is the $81 area
You can be an investor or a speculator
Exception
Crude Oil at Daily area of Value to SHORTCrude oil at a daily area of value that has been tested and rejected several times. There could be a potential short opportunity that we can look at on the lower time frame 4h. Also when we look at the Daily RSI the RSI line is at the upper band and could potentially react to it.
I will be looking to short this on the 4hour or One hour tf
Oil Long 4HThis trade idea is based solely on Price Action. I observed that oil has broken the previous neckline, and I expect a pullback to the golden zone of the Fibonacci retracement for the previous leg. Before entering the trade, I'm looking for confirmation on a lower time frame, such as the 30-minute chart. An ideal confirmation would form a 'W' pattern, preferably with a higher low in the second leg.
69.20-69 is the entry zone with almost 50 pips SL
USOIL H1 TRADE SETUP: SELL SIGNAL FROM EXTREME ORDER BLOCK!USOIL H1 TRADE SETUP: SELL SIGNAL FROM EXTREME ORDER BLOCK!
Strategy options:
Smart Money Concept
ICT Concept
Do you agree with this setup? Which strategy do you prefer? Share your thoughts!
#USOIL #OilTrading #H1TradeSetup #SellSignal #OrderBlock #SmartMoneyConcept #ICTConcept #TradingStrategy #FinancialMarkets
usoilit made a cup and handle and there is no divergence so I have put a buy stop if its break out I'm gonna ride in
Hellena | Oil (4H): Short to support area at 66.867.Colleagues, oil has been in a sideways movement for the last month and is not living up to our expectations, but I still believe that the price will start a downward movement to the support area at 66.867.
Now the price is in a complicated wave movement, which I named (A, B, C). In fact, the movement is more complicated, but I will not describe the rules of the Leading diagonal now.
So I expect that the price will reach the area of 72, complete wave 2 and start a downward movement.
But there is a variant when the price will start the movement at once.
Therefore, I do not recommend long positions.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
