WTI trade ideas
Intraday Trade: US Oil SellTrend analysis:
H4, H1, M30, M15 is bearish
M30 TF: Price is rejected by the resistance and fibonacci area as shown by the engulfing candle
M15 TF: There is a triple top pattern with liquidity sweep and price has pulled back and is rejecting from the FVG + Fib area
My trading plan:
Entry: 71.07
SL: 71.81
TP: 69.59
TVC:USOIL
Disclamer on
Trade on your own risk
US OIL CONTINUE BEARISH 66Hey there on 4HTF US oil change there ways and we may see continue there dump candle bearish level
First we can see there selling pressure area is 72 and 73 and last 74 where we can see a huge waterfall and will reach first 70-68-66
So in the uspide we could possibly see after from 75 and 77-79-81
So we have seems this trend line continue bearish candle and go downside continue
Good luck and follow comment and like for more updates and analysis
Oil bearish scenarioThe oil price is on shaky ground and could easily fall below the four-year support zone. The price of oil would drop to $60.00. The announcement of the US-China, US-Canada-Mexico, and US-EU trade war will cause us to see a lower flow of goods globally, and therefore, we will see a decrease in the demand for oil. In such a scenario, oil will continue to fall to $50.00, where we were in January 2021.
Crude Opportunities: A Strategic Oil Trade Idea The intermediate-term swing has broken out of this retail wedge pattern and traded up to the 78% Fibonacci retracement (Optimal Trade Entry - OTE). As we reached this level, we saw clear signs of smart money entering the market. Additionally, price action took out equal highs, confirming liquidity grabs.
From here, we've retraced down into the top of a Continuation Breaker Block with an IFVG (Inversion fair value gap) confluence—and guess what? There's another OTE right there.
This setup signals a strong bullish continuation as we tap into this IFVG/Continuation Breaker zone.
📈 If you want to learn more about the Continuation Breaker, follow me and stay tuned! 🚀
WTI - buy here or wait for 68$ My analysis of WTI in early December was good and it did wat I expected, but a stupid stop kicked me out it wave 2.
Then got the perfect entry for the short at 80.5 but didn't hold long enough...
So what to do next ? Could buy it here at the 0.236 retracement but I'd rather buy at 68.5 with a stop at 67.
Always keep in mind there is also politics involved here. Oil producers need higher prices to be profitable but on the other hand they want the price of oil to drop so Russia cannot sustain their war in Ukraine.
USOIL BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are going long on the USOIL with the target of 75.15 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
Crude Oil (WTI) expected bearish trendThis symbol has ben analysed on an hourly time frame where it can be seen making a double top after bearish divergence. The entry can be taken at the break of a neckline.
Oil longsComing from a trend break, im expecting 71.71 and max tp 72.00 and on words.
Bonce of the fib retracement. might expect pull back at this time before an upwards move.
Retest on Asia high
IFVG on the 5min
75 fib retracement//
Targeting 71.71-72.30
risk 15-20 pips
Crude continues to slideCrude prices were a touch firmer in early trade this morning. They were at this time yesterday too, but sold off later in the day to record another negative session. With front-month WTI trading below $71 per barrel, the price has broken below several possible levels of support, all of which acted as resistance over the last four months of 2024. Crude is now approaching the 76.4% Fibonacci Retracement of the six week rally which began in early December. If it is unable to find support here, then a return to last year’s lows around $65 can’t be ruled out. The daily MACD has plunged from the overbought levels seen three weeks ago, yet is far from being oversold. Fundamentally, it seems that crude just can’t get a break. Supply remains plentiful, and could be more so if US producers heed President Trump’s call to: ‘Drill, baby, drill.’ Mr Trump’s tariffs on China, and tariff threats elsewhere, haven’t helped. At the same time, the outlook for demand growth looks uncertain as China, the world’s biggest energy importer, struggles to cope with its economic slump, caused by the implosion of its real estate sector.
Crude Oil Short Trade Idea
I’m considering a short position on crude oil , driven by two key macroeconomic factors:
China’s Economic Slowdown : Weakening demand from China, the world’s largest oil importer, continues to pressure oil prices. Recent data shows slower-than-expected economic recovery, signaling reduced energy consumption.
Easing Geopolitical Tensions: With Middle East geopolitical risks subsiding, concerns over potential supply disruptions have diminished, adding to bearish sentiment in the oil market.
Let me know your thoughts or if you’re seeing additional factors that could influence this trade! 🛢️📉
WTI Oil H4 | Pullback resistance at 50% Fibonacci retracementWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 71.98 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 73.50 which is a level that sits above a swing-high resistance.
Take profit is at 69.58 which is a swing-low support.
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Potential bullish rebound?WTI Oil (XTI/USD) is reacting off the pivot which has been identified as a pullback support that aligns with the 78.6% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 71.52
1st Support: 69.32
1st Resistance: 73.87
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USoil is at right spot to go long !!!Level 70.50 going to be crucial
70-71 being the area which was long before a resistance on higher time frame now could be acting as support which has good probabililty along the way price also tapped into unmitigated demand zone which might be clearing the leftover supply that came from top
on the long side we can aim at the target of 74.50 which is almost 5%
and 77.50 which is 10%
so USOIL could be good bet for swing trade
Will sanctions stabilize oil prices amid rising supply?Fundamental Perspective:
Crude oil prices face downward pressure as US production rises, fueling concerns over an oversupply. Recent data showing a significant increase in stockpiles has only intensified these worries. However, tightening sanctions on key oil suppliers and price hikes from major producers offer some support, helping to cushion the price decline. Geopolitical factors, including ongoing trade tensions, add layers of uncertainty, though the direct impact on global energy imports remains limited.
Technical Perspective:
USOIL extended its decline following a breakout of the ascending trendline. If the price sustains its bearish momentum, a further decline toward the following support at 69.00 may occur. Conversely, a close above 72.00 could prompt a further rise to the following resistance at 75.00.
Author: Li Xing Gan, CMT, CFTe,
Financial Market Strategist Consultant to Exness
Go long in crude with lower Chanel low aa slHere I'm share my study on crude I'm expecting reversal and good bulllish move as of now .
Let see where will land
CRUDE OIL SHORTUS Oil has lost it's bullish momentum and validation after falling to hold and sustain or successfully retest after breakout and hold price above the Trendline support, And now in a strong Bearish Trend of which I'm running along with.
USOIL- one n single support, make it or break it scnerios#USOIL... market just reached at his one of the most important supporting area that is around
69.90 -70.10
And that will play key role in next move.
Keep close that region and don't hold your buying positions below that region.
Stay sharp.
Good luck
Trade wisely
WTI Crude Oil Wave Analysis – 6 February 2025
- WTI Crude oil broke support zone
- Likely to fall to support level 68.00
WTI Crude oil recently broke the support zone between the support level 72.60 (which has been reversing the price from the start of January) and the 50% Fibonacci correction of the previous upward impulse from December.
The breakout of this support zone accelerated the active ABC correction ii from the middle of January.
WTI Crude oil can be expected to fall to the next support level 68.00 (former minor support from December
USOIL Breaks Key Support: Targeting 70.50TVC:USOIL has broken a key support zone and retested it, confirming strong bearish momentum with clear rejection candles. The previous support has now flipped to resistance, further reinforcing the likelihood of continued downside movement.
With this rejection confirmed, I anticipate a move downward toward the 70.50 level, aligning with the prevailing bearish trend. This setup suggests a high probability of bearish continuation in the near term.
If you have anything to add or a different perspective, I’d love to hear from you in the comments!
Buy Opportunity📈 WTI Crude Oil (4H) Long Trade Setup
🔹 Entry: 71.36
🔹 Target: 73.32 (+2.75%)
🔹 Stop Loss: 70.63 (-1.04%)
🔹 Risk/Reward Ratio: 2.59
🔹 EMA Levels:
756 EMA: 72.92
252 EMA: 73.05
📊 Analysis:
Price is testing a support level near 71.36.
High volume node from the volume profile suggests strong interest at this level.
Potential bounce towards the 72.26 resistance and beyond.
📅 Expected Timeline: ~5 days
🔔 Confirmation needed: Bullish candlestick formation and increased buying volume.
WTI OIL 4H RSI Bullish Divergence hinting to trend reversal.WTI Oil (USOIL) has been trading within a Channel Down pattern since the January 15 High. Since yesterday it appears for the first time to have withdrawn from making Lower Lows. In fact, the 4H RSI has been on Higher Lows since January 27, which is a technical Bullish Divergence.
This hints to a potential trend reversal to bullish and the pattern that we can identify emerging is a Channel Up. This current potential bottoming pattern, resembles the January 08 Low which rallied above its 2.5 Fibonacci extension.
As a result, we can target the Channel's top (Higher Highs trend-line) at 76.50.
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