Retest 74OIL Retest at as u can see in th drwaings ,BUT 88 is Near, cup and handles formin....
Waht do you think Guys??
WTICOUSD trade ideas
1W ChoCh Sell Just Beginning1W ChoCh Sell Just Beginning last low $0 in 2020 Possible Take profit it's make 3 Waves Higher Low But have strong Support in Blue order box It's need Clearly.
President Trump urged OPEC to increase oil productionPresident Trump urged OPEC to increase oil production and lower prices in order to help end the war in Ukraine, threatening tariffs and sanctions if a deal is not reached. Oil prices fell in response to Trump's statements, with Brent crude dropping to $77.94 per barrel and West Texas Intermediate falling to $74.11 per barrel. OPEC has not officially responded to Trump's calls for increased production, and the market remains uncertain about potential outcomes. In addition, the reversal of U.S plans to impose sanctions on Colombia eased concerns about potential disruptions to oil supply from the South American nation. Also the impact of sanctions on Russian oil production may be limited, but some risk premium is justified due to the potential leverage in future negotiations.
On the technical side, the price of crude oil has found sufficient resistance on the upper band of the Bollinger bands and has since entered an aggressive bearish trend which seems to be slowing down around the $74 area. The faster 50-day moving average is still above the slower 100-day indicating that the overall bullish momentum is still in effect despite the rapid decline. On the other hand, the Stochastic oscillator is in extreme oversold levels hinting that there might probably be a bullish correction in the upcoming sessions. If this scenario plays out then the next major technical resistance area might be seen around $76 which is the 23.6% of the daily Fibonacci retracement level.
OIL POTENTIAL BUY ZONEIf the trend line on the chart breaks, you can go for a buy.
Pay attention to the trend line on the RSI.
Positional View - US Crude OilAs shown in the attached chart, " Astra India Indicator " Positional Predictions worked perfectly once again. Now US Crude Oil having Resistance of $75.20 (1 hour chart) and need to close a candle in green above that level (hourly basis) to shift in BULLISH mode otherwise it can touch $72.50 Level very soon.
Disclaimer:- All the shared views are for educational purposes only. We provide Technical Indicators only for educational purposes. As we are not SEBI registered, there will be no claim rights reserved. Please consult your financial advisor before trading or investing.
WTI CRUDE OIL - ANALYSISTVC:USOIL
MY VIEW: price has been trending higher until it meets my price of interest at 80.73 before changed its trend to the downside as we can see the price dropped nearly -10% since that top price. as trump is doing his business out there even internationally right now such as tariffs, war, lower price of oil, etc etc it is projected price of oil will lower. (my conclusion)
Oil - wait until its revised pattern finish then open buys. Hello 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 strategy of trading on the price movement. 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!
usoil sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
USOILTrenline break and retest at fib level 0.50%
Buy limit 73.77
Stop Loss 66.83
Take Profit 80.71
RRR 1:1
USOILI’m observing several factors that indicate USOIL might face significant bearish pressure, making this an ideal opportunity to go short. Here’s my analysis:
1. Economic Slowdown Concerns
Fears of a global economic slowdown have dampened demand for crude oil. As economies cool, industrial production, transportation, and energy use decline, all of which weigh heavily on oil prices.
2. Oversupply Risks
OPEC+ decisions, combined with the United States increasing its shale production, could lead to an oversupply in the market. If supply outpaces demand, it would further pressure USOIL prices downward.
WTI Bullish Wedge FlagUSoil It got nice Bullish Wedge Flag Better to Long than Short
I don't know what you wanna do also I don't care
but that what am gonna do
be carful from Wicks it may touch 73 price
Trade Safe
USOIL - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key swing low and left untouched swing high.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher.
Your success is determined solely by your ability to consistently follow the same principles.
23-1 Oil: all signals are green when it comes to a long trend. Only oil reacts differently. The signals of our system show that long trend. The price of oil drops towards the 50% fib., measured from the bottom at the beginning of this year and the top on 15 Jan. We have entered a sell but keep an eye on the price in case of a pull back. The sell was executed at 76,400.
Prime Buying Opportunity for Crude Oil Nearing
Crude oil is currently consolidating around the $75 level. A glance at the daily MACD reveals a close but no crossover of the MACD and signal lines. A bearish close today could signal a downturn, but a bullish close would likely see the MACD resume its upward trend.
Since its correction from $79, the price has been holding above the midpoint of the January 10th bullish candle at $74.66. This level, also coinciding with the 5-day moving average on the weekly chart, is a crucial support zone. Given the significant volume accumulated in the first week of January, this presents a compelling opportunity for aggressive swing trading.
Today's oil inventory report is expected to act as a catalyst for a bullish reversal. While the market is bearish on oil supply expansion due to Trump's election, technical analysis suggests further upside potential. We recommend adopting a buy-on-dip strategy.
For daily insights into Nasdaq, oil, and gold, please follow and subscribe to my analysis.
OIL POSSIBLE BUY?The market is currently testing the current Daily 0.7 & 0.61 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Crude oil may bounce higherCrude oil has been influenced by mostly technical factors at the beginning of 2025. Even though the geopolitical situation in the Middle East had eased, the colder than usual weather in the United States along with diminishing stocks of oil have boosted the price above the 3--month trading range.
The price of USOIL has been moving within the rising trend, almost having hit the $79-80 price area. Despite the strong reaction at the peak, the market may still be in control of buyers and need to retest the $77-78 zone again after retesting the dynamic support area at around $73 as shown at the chart.
The medium-term price projection from Energy Administration of the United States involves a possible pullback in the first quarter of 2025, after which the price may continue moving down towards $60 area in the long-term,
The new political administration in the US claims to support oil and gas exploration and mining companies, which might positively affect prices of energy stocks, but that’s a big question of whether or not, demand for oil and gas would increase apart from the official forecast.
Don't forget - this is just the idea. Always do your own research and never forget to manage your risk!
Crude Oil retracement potential continuationClean and slow retracement back to daily 20 SMA, MACD close to crossing back over
Will Trump's policies extend USOIL's decline?USOIL pared recent gains after Trump declared a national energy emergency to boost US oil production and proposed halting Venezuelan oil imports, raising concerns about oversupply. However, ongoing sanctions on Russia and a winter storm disrupting oil production in North Dakota helped limit the downside in oil prices.
From a technical perspective, USOIL dipped following a retracement from the ascending channel's upper bound and resistance at 80.00. The price is approaching the channel's lower bound and support level at 75.00, which coincides with the 38.2% Fibonacci retracement. A rebound above the 75.00 support could prompt a further rise and retest of the resistance at 80.00. Conversely, a break below 75.00 could drive USOIL toward the next potential support and 61.8% Fibonacci retracement near 72.00.
Author: Li Xing Gan, CMT, CFTe,
Financial Market Strategist Consultant to Exness
Us Oi moveUS oil is bullish untill not break the trendline, It's is taking support of trendline on daily timeframe, if it breaks the Trend line then another trendline will be support. Here are the levels as per price action.
Note: I am not SEBI REGISTERED analist, this is my personal view only for education purpose.
Oil short I have been trying to fade oil for a month. Took another shot at it. After taking out Aug 24 high, oil sold off just before Trumps inauguration. This is a trade i would like to hold on to. My stops are already at BE as anything could happen.
