WTI trade ideas
WTI Oil D1 | Potential bearish reversalWTI oil (USOIL) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 72.17 which is a swing-high resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 73.60 which is a level that sits above a pullback resistance.
Take profit is at 69.21 which is a swing-low support.
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Bearish reversal?WTI oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support level which has been identified as a pullback support.
Pivot: 72.98
1st Support: 71.53
1st Resistance: 75.24
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US OilUS Oil - Crude Oil
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Change OF Characteristics
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
USOIL Potential UpsidesHey Traders, in this week we are monitoring USOIL for a buying opportunity around 71 zone, USOIL for a buying opportunity around 71 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 71 support and resistance area.
Trade safe, Joe.
OIL DOWNTREND TO 66.71Greetings there Traders this is my idea for OIL.
As we can see on the chart there is a big uptrend followed by asscending channel after the breakout.We expect a uprising in the channel after testing the current level which suggests that the price will continue to rise.
In this chart we can see that the price movement has been in a bullish uptrend possible it will reach the market cap on key level 73.157 if it breaks it will reault in a Sell position.
I think it will manage itself to the 66.713 key level as a Target.
Trader if you like this idea please like,comment and follow,i will be glad.
Thank you
WTI CRUDESmall M shape structure with a bullish rectangle partial decline about to play out. Minimal downside risk here trade the breakout.
Thanks!
(4H Timeframe) Analysis:(4H Timeframe)
Analysis:
Support Level: 68.00
This is a key level where buyers are likely to step in and support the price.
Resistance Level: 75.00
This is the potential target zone where the price may face resistance or reverse.
Trade Setup:
The price is consolidating near the 68.00 support level, indicating potential bullish momentum. A breakout above the current levels could push the price towards the 75.00 target.
Entry Point: Enter above 72.00 after confirmation of a breakout.
Stop Loss: Place below 67.50 to limit risk.
Target: Set a take profit at 75.00.
Risk Management:
Always maintain a risk-to-reward ratio of 1:2 or better. Trade within your risk tolerance and avoid over-leveraging.
Technical Indicators:
Trend: Bullish
Chart Pattern: Higher Highs and Higher Lows
Additional Confirmation: Look for bullish signals on RSI and MACD indicators.
Disclaimer:
This analysis is for educational purposes only and should not be considered as investment advice. Conduct your own research and prioritize risk management.
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 68.85
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 wisely
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.
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
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
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
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
