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US WTI Crude (Spot) (XTIUSD)US WTI Crude (Spot) (XTIUSD)US WTI Crude (Spot) (XTIUSD)

US WTI Crude (Spot) (XTIUSD)

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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
TVC:USOILLong
by Newbie-Trading-
WTI Crude Oil on a daily timeframe (D1). Here's a detailed breakKey Elements in the Chart: Price Movement: The price is currently at $76.23, showing a bullish move of +2.67%. There is a visible uptrend after bouncing off a support zone. Key Levels (Green Horizontal Lines): $72.95: A significant support level. $82.00, $84.28, $86.64, $88.92: Potential resistance levels, with $88.92 being the upper target. Descending Trendline: A long-term descending trendline acts as resistance, and the price appears to be breaking out or retesting this line. Target Zone: Marked in yellow, indicating a potential short-term target where the price may consolidate or face resistance. Wave Analysis: Labeled "a," "b," and "c," it represents a corrective or impulsive wave structure, suggesting a move towards higher levels. Gray Box (WCL): A key area of accumulation or support, possibly a weekly close level (WCL), where significant buying interest occurred. Projection: The white arrow indicates a potential bullish continuation towards higher resistance levels. A pullback might occur near the green zone before the next leg up. Observations: Bullish Momentum: The breakout above resistance suggests further upward movement, provided the price stays above $75.37–$74.54. Next Resistance: The target is likely $82.00–$84.28 if the breakout is confirmed. Pullback Scenario: If the price fails to hold the breakout level, a retest of the WCL zone or $74.54 is possible. Strategy: For Buyers: Look for confirmation of the breakout above the trendline and target higher resistance levels. For Sellers: Watch for signs of exhaustion near the target zone or resistance areas.
TVC:USOIL
by absiko
Confluence of an AB=CD pattern , a Bull flag and Wyckoff spring The best trade is the hardest trade, you have to be patient enough to let the trade develop and pull the trigger without hesitation. AB leg formed with a small retracement that led to a coiling pattern the bull flag, Wyckoff spring (bear trap) formed at C and then price broke the accumulation zone with a retest of trend line and that triggered an entry for a BUY with a CD measured move profit target. Now looking to sell at D or at 1.27 or at 1.618 fib extension levels. Only taking a sell if signs of exhaustion are visible.Price can continue up. Always trade what you see and practice sound money management.
TVC:USOILLong
by ChasuraGold
WTI crude oil Wave Analysis 9 January 2025 - WTI crude oil reversed from support level 72.25 - Likely to rise to resistance level 74.60 WTI crude oil recently reversed up from the key support level 72.25 (former resistance from October and November, as can be seen below). The upward reversal from the support level 72.25 continues the c-wave of the active ABC correction 2 from the middle of November. WTI crude oil can be expected to rise in the active minor c-wave to the next resistance level 74.60, coinciding with the resistance trendline of the narrow daily up channel from last month.
FX_IDC:USDWTILong
by FxProGlobal
WTI - The fate of oil with Trump's policies!WTI oil is above the EMA200 and EMA50 in the 4-hour time frame and is moving in its upward channel. In case of a downward correction towards the demand zone, the next opportunity to buy oil with a suitable risk reward will be provided for us. Being in the supply zone of oil will provide us with the possibility of selling it with reimport at a suitable risk. The price of US crude oil futures (WTI) reached $75 per barrel, marking its highest level in the past three months. According to the American Petroleum Institute (API), US oil inventories dropped by 4 million barrels last week. If this reduction is confirmed by official data, inventories would reach their lowest levels since 2014. The severe cold in the United States has increased fuel demand and heightened risks of production disruptions, while Europe is also facing harsh winter conditions. Meanwhile, the Trump administration’s tighter sanctions on Iran, combined with a global supply reduction and persistent cold weather, could pave the way for further increases in oil prices. Last year, crude oil prices declined due to weak demand from China and oversupply. Market analysts predict that oil prices will remain under pressure in 2025. In its November report, the International Energy Agency projected that global oil demand would grow by less than one million barrels per day in 2025, a significant decline compared to the two-million-barrel-per-day increase seen in 2023. The Commonwealth Bank of Australia (CBA) forecasts that Brent crude prices will drop to $70 per barrel this year due to expectations of increased oil supply from non-OPEC+ countries, which could offset global consumption growth. In a December note, BMI stated that the global oil market would likely face an oversupply in the first half of 2025 as new and substantial production from the US, Canada, Guyana, and Brazil enters the market. However, if OPEC+ implements its voluntary production cut plans, this oversupply could exert even more downward pressure on prices. BMI also highlighted that the outlook for global demand in 2025 remains unclear, stating, “Global demand for oil and gas continues to face uncertainty, with sustained economic growth and rising fuel consumption potentially offset by the impacts of trade wars, inflation, and declining demand in developed markets.” Additionally, the recent disruption of Russian gas flows to several European countries by Ukraine on the first day of the new year has added further uncertainty to global markets. As long as this situation persists, gas prices are expected to remain elevated. Citi Bank also noted that colder weather in the US and Asia during the remaining winter months could keep prices at high levels. According to the Financial Times, Donald Trump, who will assume office on January 20, is set to take control of one of the most powerful economic governance tools, capable of significantly enhancing America’s influence abroad. This tool is unmatched since the Cold War. However, the US economic framework remains flawed due to poor coordination and conflicting political priorities, presenting Trump with significant challenges in developing and implementing it. Unlike Joe Biden’s efforts to create a multifaceted geopolitical approach similar to China’s, the US economic framework suffers from issues in coordination and goal-setting.
TVC:USOIL
by Ali_PSND