"USOIL Alert!"USOIL Alert!
Pattern confirmed: Accumulation, Manipulation, Distribution
Get ready for a BIG DROP!
Instant Sell Recommendation: 7.83 RR
Don't miss this trading opportunity!
USOUSD trade ideas
US OilUS Oil - Crude Oil
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Change OF Characteristics
(4H Timeframe) Analysis:(4H Timeframe)
Analysis:
Support Level: 68.00
This is a key level where buyers are likely to step in and support the price.
Resistance Level: 75.00
This is the potential target zone where the price may face resistance or reverse.
Trade Setup:
The price is consolidating near the 68.00 support level, indicating potential bullish momentum. A breakout above the current levels could push the price towards the 75.00 target.
Entry Point: Enter above 72.00 after confirmation of a breakout.
Stop Loss: Place below 67.50 to limit risk.
Target: Set a take profit at 75.00.
Risk Management:
Always maintain a risk-to-reward ratio of 1:2 or better. Trade within your risk tolerance and avoid over-leveraging.
Technical Indicators:
Trend: Bullish
Chart Pattern: Higher Highs and Higher Lows
Additional Confirmation: Look for bullish signals on RSI and MACD indicators.
Disclaimer:
This analysis is for educational purposes only and should not be considered as investment advice. Conduct your own research and prioritize risk management.
OIL DOWNTREND TO 66.71Greetings there Traders this is my idea for OIL.
As we can see on the chart there is a big uptrend followed by asscending channel after the breakout.We expect a uprising in the channel after testing the current level which suggests that the price will continue to rise.
In this chart we can see that the price movement has been in a bullish uptrend possible it will reach the market cap on key level 73.157 if it breaks it will reault in a Sell position.
I think it will manage itself to the 66.713 key level as a Target.
Trader if you like this idea please like,comment and follow,i will be glad.
Thank you
The chart is looking set for a rally to the north! Looks set for a stride towards 76.59. Interim projection leading to 83.36. Enter long with stop below 68.85
USOIL - bottom out here ? what's next??#USOIL.. after a perfect holdings and pull back now market just above his current immediate supporting area that is around 69.90 to 70.20
keep close that region because if market hold it in that case we can expect a further push to higher side.
dont short until market hold it ...
good luck
trade wisely
WTI - Crude Oil in Bullish TrendThis asset can be seen in a bullish trend with RSI showing no divergence on an hourly chart. A trade plan can be put in place to trade this symbol till its resistance zone.
USOIL M15 and H1 scalping ideaslet me introduce myself, I am a trader who focuses on usoil and I have found an amazing indicator for this pair
It can be seen that H1 has shown a bearish trend and entered the magic candle area so here I am ready to sell
and on M15 a triple top formation is about to be formed
let's see if this set up will tp?
Important zone for selling in WtiWti is nearby resistance zone, rsi also heavy overbought, downfall expected per levels.
I am not SEBI registered analist, this is my personal view only for educational purposes.
Crude @Resistance zoneCrude now trading at Resistance zone near 80.5/82$
If not sustain above then again seen down side
Oil Prices will be on the stage "again"TVC:USOIL
Already break up the monthly downtrend line.
The target is based on the Fibonacci extension.
Crude oil short selling strategy- Entry point: If the oil price rises to around $78, you can try to sell with a light position.
- Stop loss setting: The stop loss can be set above $79.5, such as around $79.8.
- Target price: The first target can be around $77.5-77.0. If the market continues to weaken, it can be further targeted at around $76.5-76.0.
Reasonably control positions and risks.
USOIL
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USOIL Sell Recommendation
Entry Price: 77.70
Current Price: 77.70
Target Levels:
1. Take Profit 1: 76.50
2. Take Profit 2: 76.00
3. Take Profit 3: 75.00
Stop Loss: 78.90
📊 Ensure you use proper money management techniques and maintain consistency in your trading approach to achieve optimal results.
WTI highest in more than 3 weeksTVC:USOIL hit its highest level in more than three months in early trading on Monday (January 13) in Asian markets, continuing last Friday's rise on market expectations that the United States will strengthen its measures. sanctions on Russia's oil industry, which will result in Russian supplies in China and India coming under pressure; In addition, the nonfarm payrolls report also boosted market confidence in the growth of crude oil demand in some parts of the US and Europe also stimulated winter crude oil fuel demand.
The Biden administration on Friday imposed the broadest package of sanctions targeting Russia's oil and gas revenues, a move aimed at giving Kyiv and Trump's new team leverage to reach a peace deal in Ukraine. This move is aimed at cutting Russia's revenue to continue the war. Since the Russia-Ukraine conflict began in Russia in February 2022, the war has caused tens of thousands of casualties and reduced many cities to rubble.
Ukrainian President Zelensky posted on X that the measures announced last Friday would "deal a big blow" to Moscow. He added that "The less money Russia gets from oil... the sooner peace will be restored."
US job growth unexpectedly accelerated in December, the unemployment rate fell to 4.1% and a stable labor market at the end of the year will boost crude oil demand.
Friday's closely watched Labor Department jobs report also showed fewer long-term unemployed people in December and the average length of unemployment shortened. Increases in these indicators have previously raised concerns about a labor market downturn.
December employment rose 256,000, the most since March. Data for October and November were revised to show 8,000 fewer jobs were added than previously reported.
The unemployment rate decreased from 4.2% in November. The average unemployment rate last year was 4.0% and in 2023 it will be 3.6%. In Friday's report, the government also released revisions to the past five years of seasonally adjusted household survey data, from which the unemployment rate is calculated.
With last Friday's jobs data settling in, this week will see a lot of US data and statements from Federal Reserve officials. US President-elect Donald Trump's team is expected to make many comments before the inauguration ceremony on January 20. China's trade data, economic activity and GDP will also be the focus of the market in general and the Crude Oil market in particular.
On the daily chart, TVC:USOIL continues its uptrend after breaking through the rising price channel noticed by readers in the previous issue. And currently the upward momentum is limited by the 0.618% Fibonacci retracement level, once WTI crude oil breaks above this level it can continue to increase further with the target then around 82.75USD in the short term.
However, the Relative Strength Index shows that the RSI is operating in the overbought area, which is a signal that there is not much room for price increases ahead, and also signals a possible downward correction. happen.
However, the technical outlook for WTI crude oil is currently bullish with support from the trend price channel, EMA21 and the nearest support level at the 0.50% Fibonacci retracement.
As long as WTI crude oil remains above the price channel and EMA21, any price declines should only be considered short-term corrections, notable levels will also be listed as follows.
Support: 76.33 – 75.20 – 74.61USD
Resistance: 78.98USD
oilOANDA:WTICOUSD
oil its look uptrend to break the last high when price reach the 70.80 you want to enjoy your profits or move sl to entry price and wait until reach the target
$USOIL USOIL WT CRUDE OIL Descending TriangleTVC:USOIL USOIL WT CRUDE OIL price action has formed a Descending Triangle on the Weekly timeframe.
Current Price: 70.3
In previous years, #USOIL reached a high of 149 and retraced to a low of 66.4 (A retracement of over 50%)
A breakout of Descending triangle can lead to higher prices: 73.9, 84.4, 94.3
A break below 66.4 can lead to prices down to 42.7!
It remains to be seen...
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.
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.
RE: USOIL MARKET ANALYSIS AND PRICE PREDICTION I, dropped this analysis about USOIL last week, Take profit 1 has been achieved at the Order Block. Price is heading towards the Renegotiation Resistance to clear off the buyside liquidity. I just entered again for TP 2. You can enter also!
GOOD LUCK GUYS!
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.
COLLECTED PROFITS ON TODAY'S TRADE ON USOILI posted earlier today to buy on USOIL | OIL | CL1!, We set a 1:2 trade but since today is a holiday and the markets are slow, we closed after that we have an equal high and the market swept them.
We had a wonderful trade in a closed market.
Follow for more!
Wajani Investments1/09/2025
WTI is currently making LHs as seen from 0-2. At point 2, support becomes resistance to the left. In addition, the 50 EMA has crossed the 22 EMA all further confirming a bullish activity. If structure 2 is not broken to the downside side, then OP1 holds, however, if structure 2 is broken, then look for OP2.
What are your thoughts?
