WTI Crude INTRADAY oversold bounce back on maritime ceasefireThe WTI Crude Oil price action remains bearish, aligning with the prevailing downtrend. The current movement suggests an oversold bounce, but the broader outlook remains weak unless a significant breakout occurs.
Key Levels to Watch:
Resistance Levels: 70.50 (critical level), 71.30, 72.11
Support Levels: 67.95, 67.00, 65.40
Bearish Scenario:
A rejection from the 70.50 resistance level could reaffirm the downside bias, leading to a continuation of the bearish move toward 67.95, with further downside targets at 67.00 and 65.40 over the longer timeframe.
Bullish Scenario:
A breakout above 70.50 with a daily close above this level would challenge the bearish sentiment, paving the way for further gains toward 71.30, followed by 72.11.
Conclusion:
The market sentiment remains bearish, with the 70.50 level acting as a crucial resistance zone. A rejection at this level could reinforce the downside trend, while a confirmed breakout would shift the outlook to bullish, favoring a potential rally. Traders should watch price action at this key level for further confirmation.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
WTI trade ideas
Crude Oil Signal UpdateI have been telling all of you. Some might ignore my signal just because i dont have much followers or boosts, but I proved myself over time.
Its your choice to follow the signal or not.
If you have already invested at least 50k without leverage, you would already be in a profit of 2.5k usd.
For the followers, our first TP is 72(+5~7$ per barrel if you started buying from the signal ive sent). We have 3 more TPs.
Suit yourselves ๐
CFD on WTI CRUDEOIL (US OIL)ITS A T4HR TRADE FOR USOIL
1. Got Activated.
2. Stop loss @ 69.65 and resp. Target 1 @ 69.65 and Target 2 @ 67.59
3. Its a swing trade for 1 week trade working days duration.
4. Kindly make your orders accordingly to the duration period mentioned.
God bless. Happy trading Days
USOIL and The Elliott Wave Updates. The structure seen is a 5 Wave move and is part of a B(3 Wave structure) of a Flat marked in Black. In this 5 Wave move marked in Red we can see that Wave 2 was a Zigzag, meaning our Wave 4 would be a Flat. Wave 3 hits the 161.8% mark and moves back to form an A of the Flat marked in Green. B must be a 3 Wave move and must move beyond the ending of 3(Red). When this occurs, a Wave C is formed(Green) and hence Wave 4(Red). What is left is a final Wave, a 5, to complete the first impulse of B(Black). Upon completion there must be a corrective structure to separate the impulse that just ended and Wave B's final impulse. Marked in Blue, is Wave A that just ended, a Wave B that we can expect to be against the trend and a final one that will begin soon after. Note, Wave B(Blue) MUST be a 3-Wave move.
USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 69.08
Target Level: 67.53
Stop Loss: 70.11
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
โ
LIKE AND COMMENT MY IDEASโ
Hellena | Oil (4H): SHORT to the area of 65.268.Colleagues, I believe that the downward movement is not over yet, and now the price is in a complex combined correction. The second correction also consists of โABCโ waves.
In an ideal scenario, the price completes wave โCโ in the 70.000 area and starts the downward movement to the support area of 65.268.
In general, the plan has not changed since the last forecast, but the bulls still have strength, so we should take the upward movement as an opportunity to profitably go short.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long Entry โ Technical & Fundamental Breakdown Technical Rationale:
Iโve taken a long position following a liquidity grab during last nightโs session. Price is still respecting the broader bullish structure, and the move down to $68.77 appeared to be a stop run, faking out breakout shorts. My next target is the weekly level around $70.50, assuming no major market shocks through the rest of the week.
Fundamental Rationale:
I remain unconvinced by the current peace talks between Russia and Ukraine, this is likely a slow-moving narrative, and the market seems to be discounting it for now. Supply constraints are still in play, particularly after the new U.S. tariffs on Venezuelan oil. Yesterdayโs larger-than-expected API crude draw is also supporting prices. Meanwhile, ongoing conflict between Israel and Iranian proxies continues to disrupt Red Sea shipping, adding further pressure to global supply.
COT Data Summary:
Overall decline in positioning signals caution, not outright bullishness.
Managed Money added to shorts a slight bearish tilt.
Institutional positioning (Other Reportables) shows a mild bullish bias.
The market appears to be watching key support levels and waiting on further fundamental catalysts.
Bullish bounce?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the overlap resistance level.
Pivot: 68.47
1st Support: 67.43
1st Resistance: 70.38
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USOil:When to short at high levels?During the evening session yesterday, the price of crude oil surged again, reaching the resistance level of 69.5 per barrel in the session. However, after encountering resistance, part of the bullish momentum took profits and fled the market, causing the price to decline slightly to the support level of 69 per barrel without further drops.
After today's opening, the bullish momentum is obviously insufficient, and the price has not risen further, showing a downward extension trend.
Today's trading strategy: Focus on taking short positions at relatively high levels. Currently, the support at 69 per barrel is relatively solid. Observe whether the price can reach the resistance range of 69.5 per barrel again. If it breaks through upwards, look at the important psychological resistance level of 70 per barrel. Choose to take short positions again within the range of 69.5 - 70 per barrel, with the target price at $68 per barrel. Participate with a small position.
USOIL Trading Strategy:
Sell@68.5-69
TP:68-67
Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
USOIL:Bide one's timeThis week, we've analyzed the reasons behind the short - term strong performance of crude oil. We specifically remind you to pay attention to the price movements within the range of $68.5 - $69.5.
Once again, we advise you to observe more and trade less.
We share various trading signals every day with over 90% accuracy
Fans who follow us can get high rewards every day
If you want stable income,You can follow the link below this article
CRUDE OIL LONG SIGNAL|
โ
USOIL made a retest
Of the horizontal support
Of 68.60$ so we are bullish
Biased so we can enter a
Long trade with the TP of 69.46$
And the SL of 68.17$
LONG๐
โ
Like and subscribe to never miss a new idea!โ
โจโจ
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USOIL: Rally, Resistance, and Technical ReversalThe recent trend of USOIL has been continuously rising in a volatile manner, and the current intraday price has reached a three - week high.
Currently, the bullish sentiment in the market is greatly influenced by fundamental news, mainly due to the combined effects of the United States increasing sanctions on Iran's energy and the ineffective and substantive implementation of the 30 - day cease - fire agreement between Russia and Ukraine.
Analyzing the short - term trend from the one - hour chart of USOIL, during the US trading session last night, the crude oil price surged again, hitting the resistance of $69.5 in the market. However, after encountering resistance, part of the bullish momentum took profits and fled, and the price slightly retreated to the support of $69 without further decline.
After today's opening, the bullish momentum was obviously insufficient, and the price did not rise further. The upper track of the Bollinger Bands extended downward, exerting pressure. The moving average of the Macd indicator formed a cross at a high level and has a downward extension trend, and the momentum column began to release downward.
USOIL Trading strategy
Sell@69.5-69
tp:68-67.5
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
US OIL LONG RESULTCrude OIL price broke above the diagonal Trendline resistance flipping to support from which I placed a long trade to the Higher TF major resistance.
Price Action moved exactly as I predicted just missing my entry price by a few cents ๐ and hitting the set TP (it's part of the Trading Game๐
).
As we can see currently price has rejected well from the Major Resistance Trendline, from which I'm be waiting for a retest for possible breakout or better holding both Trendline and Zone for a good short, we'll see.
_THE_KLASSIC_TRADER_.
WTI rises to test major resistance WTI has risen in the last couple of weeks after staging an oversold bounce from around the key $65.00 long-term support level at the start of the month. However, it is now testing a key resistance area between $69.15 - $70.00 range, which is where WTI last sold off from. It is a pivotal zone. Given the underlying long-term bearish trend, I am more inclined to look for bearish setups to form here, than to chase this move higher. However, that being said, I would have to drop my short-term bearish bias in the event WTI were to break decisively above $70.00 level in the days ahead.
By Fawad Razaqzada, market analyst with FOREX.com
WTI OIL Ultimate long-term guide.WTI Oil (USOIL) has a tendency, like a number of key traditional assets, to follow long-term Cycles. Market psychology more times than not makes investors and the market behave in similar ways (euphoria buying, panic selling) given the same market conditions. Fundamentals and catalysts can often be used as reasons and excuses to confirm the technical trends and long-term Cycles.
Oil is no different and on this 1M time-frame analysis we see why. The dominant multi-year pattern is a Channel Down and it has started on the July 2008 All Time High (ATH). Right now it appears that we are inside a Wedge pattern similar to 2011 - 2014 and more specifically on the final Bullish Leg towards the top.
The 1M RSI sequence among those two fractals is identical so based on all these parameters we believe WTI will test $90.00 by late 2025 - early 2026 and if rejected, start a brutal long-term sell-off towards the bottom of the Channel Down and the 35.00 - 30.00 range by late 2026 as the Time Cycles suggest.
-------------------------------------------------------------------------------
** Please LIKE ๐, FOLLOW โ
, SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ
๐ ๐ ๐ ๐ ๐ ๐
Oil - Expecting Retraces and Further Continuation HigherH1 - Bullish trend pattern in the form of higher highs, higher lows structure
Strong bullish momentum
Bearish divergence on the moving averages of the MACD indicator.
Expecting retraces and further continuation higher until the two strong support zones hold.
If you enjoy this idea, donโt forget to LIKE ๐, FOLLOW โ
, SHARE ๐, and COMMENT โ! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! ๐
--------------------------------------------------------------------------------------------------------------------
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Continue to be bearish.I'm bearish on USOIL. Despite hitting 69.555 today, the 70.000 resistance has repeatedly held firm.
Global economic slowdown weakens oil demand, while OPEC's growing production plans may lead to oversupply. With a strong dollar adding downward pressure, USOIL is likely to decline.
๐๐๐ USOIL ๐๐๐
๐ Sell@68.500 - 69.000
๐ TP 67.000 - 66.300
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed๏ผFollow the link below to get my daily strategy updates
CRUDE OIL(WTI): Bullish Continuation Confirmed
One of the setups that we discussed on a today's live stream
was a bullish flag pattern on WTI Crude Oil on an hourly chart.
Its resistance breakout provides a strong bullish confirmation.
We can expect growth at least to 70 level.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
OIL Today's strategyYesterday, prices were affected by tightening expectations on the supply side, geopolitics and other factors, and the trend was strong, breaking through $69.
Today, it is fluctuating above $69, and another wave of gains is expected. At the same time, we need to pay close attention to the situation in the $68.5-69.5 area and adjust it at any time
usoil buy@68.3-68.7
tp:69.5-70
We share various trading signals every day with over 90% accuracy
Fans who follow us can get high rewards every day
If you want stable income, you can contact me