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Usoilshort

USOIL Sell Setup🚨 Crude Oil #WTI 🗓️ Date: 12 February, 2024 ⏰ Timeframe: Daily 💡 Given in the chart – ♦️ Green (long term support) = 67.50 ♦️ Red (resistance) = 78.85 The price has been in the range (red color) on the chart since December last year. Price touched this range several times but failed to deliver a breakout. As long as this range remains active, the potential trend will be neutral. ✅ Those who like to trade in Crude Oil, please take Buy position near the support level of the range and Sell position near the resistance level. That is, bounce trading strategy ✅ As long as the price is not able to break this range, you can accept entries according to this pattern. 🚫 Remember, while staying within the range, no Buy/Sell entry can be taken in intermediate positions. Either let the price approach the resistance level or the support level, then take a reversal entry.
FX:USOILShort
by GreenFxTrading
Usoil-Downtrend Trading Yesterday, oil was supported twice around 71.4-7.16, and now it is around 73, which shows that oil is still mainly range-bound in the near future. The main pressure point above is around 74.5, followed by the trend suppression point of 75.4-75.6 The short-term suppression point is 73.7 Usoil:sell73.7-74 TP:73-72.7 Prudent Trading Strategy: Usoil:sell74.5-75-75.6 TP:74-73.7-73 Join me as I share my thoughts and strategies for you to consider every day
TVC:USOILShort
by UnknownUnicorn64321080
🛢️📉 Crude Oil Breaks Down: Brace for Aggressive Drop 💥🔻$60/bIt looks like the 45-minute breakdown has occurred, which could lead to a bearish trend in both the weekly chart and the February monthly candle. Our swing trade has two targets: - The first target is $60. - The second target is $40. Please note that this is a long-term trade and we're making this decision quite early. Remember DXY is still very strong signalling that commodities in general are expected to be weak.
TVC:USOILShort
by blacklegend55
USOIL H1 / POSSIBLE BEARISH MARKET STRUCTURE 🛢💲Hello Traders! This is my idea related to USOIL H1. I see that WTI set a new WH and I expect a bearish move to close the FVG H1. If confirmed, it's a good opportunity to execute a Short Trade. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
BLACKBULL:WTIShort
by GoodTradeST
2
US CRUDE OIL 4H : Under 70.82 will drop moreUS Crude Oil New forecast Oil price trading stabilizes below the broken support at the level of 72.90, so that the bearish trend scenario remains valid and effective for today, which targets levels of 70.18 and then 69.15 as the next main stations. and to confirm the bearish trend it should stable under 70.82 level and then our targets will be activate . Therefore the downward scenario will be remain valid and effective during coming period supported by moving average 50 , we remind you of the importance of stability below 72.90 as a first condition for a continuation of the decline, as breaching it may encourage the price to achieve a temporary rise before returning to the decline again. The expected trading range for today is between support 69.15 and resistance 72.90 until stabilized . support line : 70.18 , 69.15 resistance line : 72.19 , 72.90 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOILShort
by Arazmajeed
6
US CRUDE OIL 4H : Under sell pressure US CRUDE OIL New forecast The price of oil ended last Friday's trading with strong negativity to settle below the 72.90 level, which places the price under the expected negative pressure in the immediate term, pushing the price to achieve negative targets starting at 71.00, and by breaking it, it will extend far to the 69.15 areas. Therefore, a bearish bias will be likely during the coming sessions, keeping in mind that breaching 72.90 will stop the current negative pressure and push the price to recover again. The expected trading range for today is between support 69.15 and resistance 72.90 until stabilized . support line : 71.00 , 69.15 resistance line : 72.19 , 72.90 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOILShort
by Arazmajeed
4
Tuesday: Crude oil market analysisWTI crude oil prices may be reversing from the decline as the commodity price formed an inverted head and shoulders pattern on the hourly time frame. Prices have yet to break above the neckline around $74 a barrel to confirm the uptrend, and may be followed by a rebound of the same height as this pattern. However, technical indicators suggest that this decline will continue. The 100 SMA is below the 200 SMA, indicating that the path of least resistance is to the downside or that a sell-off is more likely to gain traction rather than reverse. The stochastics are also pointing downwards, indicating that selling pressure is building while buyers take a break. Similarly, the RSI is moving downwards, indicating bearish momentum is building, and the oscillator has plenty of room to move lower before indicating oversold. In this case, crude oil is likely to continue to follow the trend with sellers in control and may test lows of $70 per barrel. Personal suggestion: go short on the rebound
TVC:USOIL
by Short-termTaurus
Monday: Crude oil focuses on the 71/72/74/75 areaOn Monday (January 8), international U.S. crude oil prices traded around $72.85 per barrel. U.S. non-farm employment growth in December exceeded expectations, prompting financial markets to lower expectations for an interest rate cut by the Federal Reserve in March. The risk posed by tensions in the Middle East is an important factor in the price rebound. Geopolitical tensions have pushed up trading premiums, and strong jobs data also pointed to strong fuel demand. In the 4-hour chart, a wave of decline gave up nearly half of the previous gains. It is currently in the process of confirming the retracement. Bollinger Bands closed, the short-term entered a contraction and shock, and the long-short tug-of-war switched. It is not a strong unilateral market. After the second retracement, pay attention to whether it can start a stable recovery above the low point. If it starts to stabilize, continue to watch the rebound. On the whole, it is suggested that the day-to-day operation of crude oil should focus on the first-line resistance of 74.0-75.0 at the top and the first-line support at 72.0-71.0 at the bottom.
TVC:USOIL
by Short-termTaurus
2
USOIL: Key position 73-73.4 USOIL is currently near the key resistance level. If it can break through here, it will have the opportunity to form a head and shoulders bottom pattern, and then there is a high probability of reaching around 76. But if there is no strong breakthrough here, the head and shoulders pattern will fail, and it is highly likely that the support near 72 will be backtested. Therefore, in the trading starting tomorrow, you can focus on the resistance near 73-73.4 and decide the trading direction based on the breakthrough. On the 45m chart, the pattern is slightly in favor of the bears, looking ahead to Monday’s market options. If you encounter problems during transactions, you can leave me a message! Good luck, everyone!
TVC:USOIL
by Allen_Ex
$USO looks like a great shortJust like everyone think GOLD is going higher, people are overly bullish oil because of the war, blah blah, *insert your fundamental bias here.* The reality is, the chart looks like shit. Price just rallied directly into resistance and has now formed a lower high confirming resistance at $79. The price of oil is going much lower from here. I wouldn't touch this from the long side until we get into the green support levels. Good luck to all of the people bullish oil here because it won't turn out well for you.
AMEX:USOShort
by benjihyam
Wednesday: Crude oil focuses on 71.2/72.5 pressureOn Wednesday (January 3), crude oil prices were trading around $70.37 per barrel. As investors lowered their expectations for interest rate cuts, the dollar strengthened, putting oil under pressure. Oil prices fell on the first trading day of 2024, with international crude oil futures settlement prices falling by more than 1% as concerns that tensions in the Red Sea could disrupt supply eased. OPEC+ will hold an online meeting early next month to resume routine oil market monitoring. A person familiar with the matter said the meeting is planned for February 1. The trend of U.S. oil this week needs to be repaired and digested. The market needs to confirm the validity of last week's decline. It needs to confirm whether the 73 line can still stand firm. If it can stand firm, U.S. oil will still have expectations for a rebound in the future. If 73 cannot be recovered, then The short-term market may have variable risks. Even if it does not fall in the short-term, it will have a great impact on later emotions. Crude oil's daily closing line has a small negative line with a long upper shadow, which has fallen below important support. There is a high probability that the daily line will hit a new low. The 4-hour cycle is effective for testing the upper pressure area, and if it falls below the long-term moving average support, there is a high probability that it will continue to decline. It is recommended to pay attention to the pressure on the upper line of $71.20. Strategy reference: now 69.9, it is recommended to sell at 71.5-71.2 Planning ahead does not represent a real signal, see more signals👇
TVC:USOILShort
by Short-termTaurus
Monday. Crude oil falls under pressureCrude oil prices remained weak in Asian trading on Tuesday and are currently trading around 72.6. During the day, we will pay close attention to the US PMI to be released later on Tuesday. Later this week, the Federal Open Market Committee (FOMC) meeting minutes will be closely watched ahead of Friday's U.S. non-farm payrolls (NFP) report. The crude oil market was at 73.67 at the beginning of last week. Afterwards, the market initially rose, reaching a weekly high of 76. Then the market fell back strongly, with a weekly low of 71.05. Afterwards, the market consolidated and finally closed at the end of the week. The line was at 71.12, and then the market closed with a big negative line with a long upper shadow line. After this form ended, crude oil continued to be under pressure. In the 4-hour chart, the pressure on the 76.30 line changed and fell, and the structure fell in a wave. It is still in the rebound trend. The Bollinger Bands are running below the middle track, and the middle track 73.5 is an important resistance point. ​ Personal suggestion: short on rebound; WTI dividing line: 73.5
TVC:USOILShort
by Short-termTaurus