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U.S. DOLLAR / WTI CRUDE OILU.S. DOLLAR / WTI CRUDE OILU.S. DOLLAR / WTI CRUDE OIL

U.S. DOLLAR / WTI CRUDE OIL

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USDWTI trade ideas

WTI/Crude Oil targetCrude oil has a big chance to go up until 72-73 line. It will cause some trouble while going up, but it is time to put some positions in your cart. Crude oil will not fall below 60 based on current geopolitic situations across OPEC+ nations and most importantly, Trump. Regardless of crude being replenishable natural resources, it is used mostly in every different aspect on our daily life gadgets and things starting from your door and skate board to industrial usages. Machines cannot be operated without this. Start buying in, and book your first profit on 72-73. Further signals will be announced later.
CAPITALCOM:OIL_CRUDELong
by minwoolim
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
TVC:USOILShort
by lixing_gan
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
FX_IDC:USDWTIShort
by FxProGlobal
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!
TVC:USOILShort
by DanieIM
1
USOil updateHow are you my friends? I talked about this chart before at 80 and that the decline does not mean a collapse This is the result of my words and as I saw it I was with you in the rise before to 80 approximately then with you in the decline then the rise again in the coming days Today we saw the level of 70.380 And we notice that it will touch the blue diagonal line Then the line will be broken, we will see more decline And we will soon see areas below 70 We will update the markets soon
MARKETSCOM:USOIL
by SMART1MG
LongGot it. In trading, resistance at 80.100 likely refers to a price level where an asset has historically faced selling pressure, preventing it from moving higher. When this resistance "breaks," it means the price has successfully moved above that level, potentially signaling further upward movement. Here’s how to confirm a clean resistance break: 1. Candle Close Above Resistance Look for a strong candle (preferably on a higher time frame, like 4-hour or daily) closing clearly above 80.100. 2. Volume Confirmation Increased trading volume during the breakout supports the strength of the move. 3. Retest of Broken Resistance (Optional) Sometimes, the price will retest the 80.100 level after breaking it. If it holds as new support, it's a bullish signal. 4. Avoid False Breakouts Watch for long wicks above the resistance followed by price rejection; that could indicate a false breakout. Are you tracking a specific market (forex, stock, or commodity)? I can help tailor advice based on that.
FX:USOILLong
by Rohan_Jas