Short IdeaBearish, re-tracement leg potentially completed with price tapping into zone. Initiating sells once confirmation is present for possible lower prices.
Safe & happy trades.
WTICOUSD trade ideas
A prophecyHearken, O ye seekers of wisdom, for I have communed with the gods of trade. Verily, they have once more cast their vile spittle upon me. Mine eyes, enshrouded with their unclean saliva, were opened unto the truth. Lo, they spake unto me, and in mine accursed plight did reveal unto me a realm of boundless possibility—a vast ocean of failures and improbable designs. Henceforth, I know the one true verity. Fear not, for this vision is no idle fancy but a prophecy divinely ordained.
Be it known: this is not counsel for thy investments.
I am but the humbleth clown of the realm.
TP FILLED ON USOILOur TP was filled on our trade for today on OIL, this was one of 2 trades we caught today and both reached the target.
Follow for more!
USOIL (WTI) - More downside?The price action for the WTI Crude Oil chart shows that the higher probability move appears to be to the downside, targeting the lower orange box around the 70.00 level. The recent price structure has failed to establish any convincing bullish momentum, and after testing the upper orange box around 73.00, the price has shown weakness. Without any strong buying pressure or upside catalyst visible in the current price action, the path of least resistance suggests a continuation of the downward movement toward the lower support zone.
Usoil sentimental move ..On the USOIL chart this week, market has been bearish, on the 15min time frame market turned bullish for a short while. Given the supply zone above serving as a resistance, market will once again react to send price to the downside.
SELL USOILI'm sharing with you our trade today on OIL that you can take, you can place your order following the same levels as mine.
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USOILUSOIL is in advancing phase.
potentially printing LH and LL.
No sign of reversal here.
we buy at CMP.
USOILThe low of the day formed on Thursday and now the market is on its way to fill the FVG after it swept it's low the previous day
USOIL The weekly bias. Watch how the market navigate through the larger liquidity pool on the sellside
Buying oil after a failureKeep an eye on the trend line. If it breaks, a buy confirmation will be issued.
Oil price rises according to analysisYesterday I told you that if the downtrend line is broken, it could have a good rally, and it has gained more than 100 pips since yesterday.
Oil projectionCurrently on TF4 shows consolidation to form an equilateral triangle, waiting for confirmation of break 2 candles with closure above the triangle line.
Scenario 1 : if it breaks up, you can buy with TP target
Scenario 2 : if it breaks through the bottom you can sell with the TP target
WTICOBeautiful trade on oil in which I manually closed for around +6% profit. Will be looking for more potential entries to the downside if presented but there are other pairs on watch.
Oil - Let's see if it worksHello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck!
USOIL Potential UpsidesHey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 68.80 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 68.80 support and resistance area.
Trade safe, Joe.
WTI Oil Short: Bearish Setup After Sharp RallyOil prices have surged impressively, fueled by recent fundamental-driven market moves. However, this swift upside has led WTI crude to my point of interest, offering a prime opportunity to short against the trend. My trade strategy includes taking partials at the $74 price zone. Here’s why this setup is supported by bearish fundamentals:
1. Rising U.S. Fuel Inventories
Recent data shows significant growth in U.S. gasoline and distillate stockpiles, hinting at a potential oversupply in the market.
2. Strengthening U.S. Dollar
A stronger dollar makes oil more expensive for holders of other currencies, reducing global demand and weighing on prices.
3. Increased Non-OPEC Supply
With rising production levels from non-OPEC countries, analysts expect an oversupplied market in 2025, adding further pressure on oil prices.
4. Weakening Global Demand
Economic growth concerns in major markets like China and Germany are fostering expectations of reduced oil demand, reinforcing a bearish outlook.
These combined factors strongly support a short position on WTI crude oil. Stay strategic, take profits along the way, and manage your risk carefully in this volatile environment!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CRUDE OIL (WTI): Classic Smc Trade?!
I see a confirmed bearish trap after a test of a key support
on WTI Oil on a 4h time frame.
A formation of a bullish imbalance indicates a highly
probable movement higher.
Goal - 72.0
❤️Please, support my work with like, thank you!❤️
WTIhello trader, today the price drop back to main support and we see 4hr bullish candle.. the price will likely reverse but regardless use proper risk management as suggested on the chart... the target level is the resistances as shown.. the price will likely make higher highs based on trend changing...
good luck..
USOIL Will Go Lower! Sell!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 73.038.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 70.781 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Oil price drop as expectedYesterday I told you that the trend line was broken and it could fall.
Since I said it was down 250 pips, it's over a 3% drop.
WTICOUSD LONG TERM PREDICITIONBasically, this setup is from a monthly timeframe. I usually look for the trend first before entering. So, my analysis indicates a long-term buy, with many strong resistance levels that make it difficult for the price to break through. That’s all, thank you, let the market take its time to rise. :) TYOR (trust your own research/risk).
