US CRUDE OIL(WTI): Very Bullish SentimentUSOIL completed a period of consolidation by breaking through a resistance level in a broad horizontal range on a daily. This creates the possibility for further upward movement, with the market potentially continuing to rise, possibly reaching 75.55.Longby linofx13317
WTI Oil H4 | Falling to overlap supportWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 72.65 which is an overlap support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 71.10 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 75.13 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Long03:28by FXCM3
Falling towards pullback support?WTI oil (XTI/USD) is falling towards the pivot and could bounce to the pullback resistance. Pivot: 72.40 1st Support: 70.06 1st Resistance: 76.55 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.Longby ICmarkets118
WTI Poised for Upside: Key Levels to WatchHello, BLACKBULL:WTI is positioned for potential further upside! Sellers seem confident that the current move is the extent of it and expect a downturn from here. However, the short-term trend remains bullish, while the long-term outlook is neutral to slightly bearish. Market sentiment currently favors a continuation of the bullish trend. The 1M PP has acted as support, triggering the recent rally. For continued upside towards the 1Y PP, a move above 74.688 and a sustained break above it are needed to confirm further bullish momentum. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344by TradeWithTheTrend33443
CRUDE OIL (WTI): Strong Bullish Signal Crude Oil was in a deep consolidation since October. The market was stuck within a huge horizontal range on a daily. With the market opening after holidays, Oil looks strongly bullish. A breakout of a resistance line of the range, indicates the completion of a bullish accumulation. It opens a potential for more growth. Next resistance on focus is 75.55 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader3327
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.Shortby ChasuraGold0
Easy OIL shortSee last oil post, Nice pull back before destruction, not much to sayShortby Osmanomics1
USOIL: Looks bullish in next few weeksHello, This chart is bullish if it breaks upwards. This means market will be volatile. Happy trading TVC:USOIL Longby MarathonToMoon2
Waiting on oilWaiting for price to cross trend line then go short. Alert set trend lineShortby Kgarrett830113
buyoil will continue to push to the upside however wait for the correction firstLongby profit70percent0
The final blow of the Russian war machineThis idea is not based on technicality. It is based on the right move by the west and the Saudi. The Russian economy will be in ruins after some months. Taking them out of the oil industry and shutting down their stupid war machine. After that the rest of the OPEC get the Russian oil cut for them selves. Win win. In my opinion. There is already a deal in place. Have a great 2025Shortby NinJa9000111
Oil: Is the Downtrend in Oil Coming to an End? In the previous analysis, the rise in oil prices was examined. As observed, after breaking the multi-week consolidation zone and retesting it, oil prices climbed. We anticipate a similar scenario could unfold again, with a break of the historical descending trendline followed by a retest. For a better entry into a buy position, it is advisable to wait for this price correction.Longby UtoForex5
USOIL PredictionWelcome to our trading analysis! It’s great to see dedicated traders like you pursuing success with focus and determination. Trading is not just about profits—it’s about learning, adapting, and growing with every market movement. Today, we’re analyzing USOIL, which is currently trading at $74, with a bullish target of $100. The market is forming a falling wedge pattern, a classic bullish setup signaling a potential upward breakout. Before the price reaches the target, it needs to confirm a breakout from this wedge, which will mark the beginning of a strong rally. This pattern indicates a high reward-to-risk opportunity for traders who patiently wait for the breakout confirmation. Watch for strong volume and momentum during the breakout phase, as these are critical indicators of strength. Stay focused, trust your analysis, and remember that consistency and discipline are the keys to long-term trading success.Longby AndrewsMarket-Mastery6
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...🍻by ChasuraGold0
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.Longby FXFOREVER_871
USOIL - looking bullish in daily chartHello mates, 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 trading strategy on what we see price movement on the chart. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!by QQGuo-Shane4
WTI - 2025 Q1 Forecast - Technical Analysis & Trading Ideas!💡 Midterm forecast: (Daily Time-frame) While the price is above the support 64.00, resumption of uptrend is expected. Technical analysis: A trough is formed in daily chart at 66.51 on 11/18/2024, so more gains to resistance(s) 75.44 and maximum to Major Resistance (77.92) is expected. Take Profits: 68.80 72.27 75.44 77.92 80.10 83.96 87.00 93.80 100.80 109.19 126.35 💡 Short Term forecast: (H4 Time-frame): The bullish wave is expected to continue as long as the price is above the strong Support at 70.53 Forecast: 1- Correction wave toward the Buy Zone 2- Another Upward Impulse wave toward Higher TPs SL: Below 70.53 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support TeamLongby ForecastCity8830
WTI Crude Oil: Bullish Reversal and Key LevelsTVC:USOIL WTI Crude Oil: Bullish Reversal and Key Levels Analysis: The chart displays the 4-hour price action of WTI Crude Oil (TVC: USOIL) with multiple technical indicators and annotations. The price is currently at $74.01, showing a slight decline of 0.35%. The chart includes the following elements: Price Action and Trend Lines: The price has been moving within a descending channel, with recent price action suggesting a potential breakout. There are several horizontal support and resistance levels marked by green and blue dotted lines. Smart Money Concepts (SMC): Multiple "Choch" (Change of Character) annotations indicate potential shifts in market structure. The price is currently near a significant support level around $70.48, suggesting a potential area for accumulation. ICT Elliott Wave: The chart shows potential Elliott Wave patterns with Fibonacci retracement levels (0.618 at $72.35 and 0.786 at $72.05) indicating key levels for potential reversals. Indicators: RSI (Relative Strength Index): The RSI is at 71.17, indicating overbought conditions but also suggesting strong bullish momentum. Volume Profile: The volume profile on the right side shows high trading activity around the $70.48 to $74.01 range, indicating strong support and resistance zones. MACD (Moving Average Convergence Divergence): The MACD histogram shows green bars, indicating bullish momentum. Buy Strategy: Entry: $72.05 (near the 0.786 Fibonacci retracement level) Take Profit 1 (TP1): $74.01 (current resistance level) Take Profit 2 (TP2): $76.00 (next significant resistance level) Stop Loss (SL): $70.48 (below the recent support level) Sell Strategy: Entry: $74.01 (current resistance level) Take Profit 1 (TP1): $72.05 (0.786 Fibonacci retracement level) Take Profit 2 (TP2): $70.48 (recent support level) Stop Loss (SL): $76.00 (above the next significant resistance level) Follow @Alexgoldhunter for more strategic ideas and minds This detailed analysis utilizes Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies to formulate comprehensive buy and sell strategies. The indicators, such as Fibonacci retracement levels, RSI, and MACD, support the analysis and identify key levels for entry, take profit, and stop loss. by Alexgoldhunter2
crudeCRUDE MTF Analysis CRUDEYearly Demand 39.5 CRUDE 6 Month Demand 41.2 CRUDEQtrly Demand BUFL 74.3 CRUDEMonthly Demand 77.3 CRUDEWeekly Demand 70.3 CRUDEDaily Demand DMIP 69.8 ENTRY -1 Long 70.3 SL 63.5 RISK 6.8 Target as per Entry 111.6 Last High 87.6 Last Low 63.6 ENTRY -2 Long 69.8 SL 63.5 RISK 6.3 Target as per Entry 111.6 Last High 87.6 Last Low 63.6 Longby pradyammm0
Crudeoil...Next target 78 -80 Dollers but after Retracement ..!!US Oil has shown good momentum as expected....Broken Very Strong Level of 72.5 Doller as expectations and has hit the target of 74 dollers mentioned in previous idea....As we can see it is going up from last 5 days , has not taken any retracement for which most of the buyers are waiting for. Expected move on monday Red Box is a retracement level. Lets hope for the best to see the new Rally till 78-80 dollers after touching a levels of Red Box. Longby tembhurnepranay03031
Oil to 40?Is oil in a descending triangle that will send the price in direction of 40$? I guess the next couple of weeks, and a trendroof will tell.Shortby DogboxCapital227
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). Longby FxProGlobal0