USOIL BUY PATTERNHello Traders
What are you thinking about USOIL
In This price will seems as Buy Pattern USOIL As Buy Side Keep eye on it To Buy Price You can see more details in the chart.
Lets like and Share you Minds In Comments .
USCRUDEOILCFD trade ideas
USOIL Sell IdeaUSOIL Sell IDEA:
Selling USOIL with RR 1:2 on the basis of Divergence and bearish trend
CL - Crude Oil confirmation and unwritten potentialHi guys, we are following up with probably one of our favourite assets to participate in. You guessed it right it's CL. Currently the Crude Oil is sitting in a very specific range , which has been traded since late August , until the end of October where we saw a big spike and got out of boundaries due to the escalation in Iran and Israel, of which after the cooling off we got back into the range of 73.00 as a strong resistance line , and 67.00 as a strong support. This range has made a lot of traders stay away from CL, but I do believe that there is potential to be caught.
Current analysis and entry :
Entry today at a level of 68.90 , with two targets of take profit :
Target 1: 71.52
Target 2: 72.92
Now this is the bold move if you don't want to miss out on the current opportunity and your Risk Tolerance is on the higher end.
If you want to be more protective and your Risk Tolerance is on the lower side, you can get a Pending Order at the level of 66.61 , and then enter 3 follow up targets
Target 1: 68.50
Target 2: 71.05
Target 3: 72.45
P.S. My current opinion is to go with a current entry because the missing out of opportunity is too high ,hence we are seeing more tensions in Israel&Gaza conflict, additionally the tightening of the situation in Ukraine&Russia adds more Fundamental Value, towards a swing on an upside of the Crude Oil.
Do let me know in the comments below or in my community what is your thought process and opinion about our favourite Black Gold!
Happy Trading!
USOIL Will Go Higher! Buy!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 70.58.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 72.27 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
USOIL, might be preparing for a large move. USOIL / 1D
Hello Traders, welcome back to another market breakdown.
The market is showing strong bullish momentum, breaking through key minor resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for the price to show more strength first then for the pullback into the breakout zone for a more strategic entry.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Trade safe,
Trader Leo
WTI OIL Major bullish break-out happened. Expect rally to $76.WTI Oil (USOIL) broke yesterday above the 1-month Lower Highs trend-line, following the bullish EIA report. This is a major bullish break-out as the last time the price broke above a similar Lower Highs trend-line was on October 01, with the resulting rally rising above the 0.786 Fibonacci retracement level.
Even the 4H RSI sequences between the two fractals are identical, with both starting on a Bullish Divergence (Higher Lows against the price's Lower Lows and then a nearly oversold RSI with the price on the Support Zone was what initiated the rebound that broke the Lower Highs.
Our Target is again the 0.786 Fib at $76.00.
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Crude Oil - Buying opportunityCrude Oil - Buying opportunity above $70. First target at $71.5.
It is a classic cup with handle at 15 min chart and a double bottom pattern at 1D charts.
USOIL WEEKLY MARKET ANALYSIS📊 USOIL Weekly Update
Technical View:
Not much has changed on the charts. Price remains within the expected range, waiting for a catalyst to break out.
Fundamental Highlights:
Geopolitics: TVC:UKOIL Brent hit ~$71, WTI at ~$67, driven by instability following the ousting of Syria's President.
Saudi Aramco: January crude prices for Asia slashed to early 2021 lows due to weak Chinese demand.
OPEC+: Delayed output hikes to April 2025; cuts extended through 2026.
U.S. Supply: Increased oil & gas rig activity adds pressure on prices.
Natural Gas: Futures rebounded 5% to $3.147 after last week’s losses.
🔑 Key Levels ( FX:USOIL WTI):
Bullish: Close above 21-period SMA ($72.37) targets 50-period SMA ($73.98).
Bearish: Close below $72.00 may see a drop toward ~$70.63.
📌 Trading Strategy:
Keep alerts set for key levels; patience is key as we await clearer directional moves.
💬 Let’s discuss more in comment below!
Happy Trading,
The NFX Team™ 💚
(Earlier shared this post but got taken down due to some off-platform mention (violation) - still getting used to the TV rules :) , reposted for reference purpose.)
1012 USOIL is going to break the bottom, down target to 60?Hello traders,
OPEC+ has announced a delay in its planned production increase, with the Organization of the Petroleum Exporting Countries and its allies postponing these plans until April of the following year. Additionally, the timeline for the eventual cancellation of the voluntary production cut of 2.2 million barrels per day has been extended from 12 months to 18 months. Following this announcement, crude oil futures experienced a slight decline on Thursday, reflecting a muted market reaction. According to a report by Gelber & Associates, despite the news, crude oil prices have remained within a stable range. The report highlights that in recent weeks, the potential for news to significantly influence crude oil prices has been notably high. As the year draws to a close, there is considerable uncertainty surrounding the Trump administration, which has contributed to a temporary reduction in oil price volatility.
On the New York Mercantile Exchange, the settlement price for West Texas Intermediate crude fell by 0.4%, settling at $68.30 per barrel. Similarly, Brent crude futures on the Intercontinental Exchange in Europe decreased by 0.3%, reaching $72.09 per barrel.
This environment reflects ongoing dynamics within the oil market, where geopolitical factors and economic policies continue to play critical roles in shaping price movements.
But on the daily chart, usoil has very big problem to break through the downtrend red line and now is being rejected again from EMAs.
Its very possible for usoil to break through the bottom support structure and make a new low.
61.74, FIBO ext 1.27 should be a target after usoil breaking though the bottom.
Good luck!
Less is more!
SEE HOW USOIL ANAYLIS PLAYED OUT!I, dropped this analysis two days ago about USOIL, see How it plays out! $$$$$$
USOIL Bullish Breakout: Wedge Pattern Analysis on H4On the H4 timeframe, USOIL has breakout above a wedge pattern, signaling a potential shift toward bullish momentum. The breakout is visually projected using an orange-colored box, highlighting the zone where the price successfully moved above the wedge's upper boundary. This breakout indicates an increase in buying pressure, suggesting that the price may trend higher in the near term.
The next key resistance levels to watch are 71.3 and 72.2, which align with significant historical price zones and are set as profit targets. Caution is advised, as a reversal that pushes the price back into the wedge would invalidate this bullish outlook. It is advisable to place a stop-loss just below the wedge’s upper boundary.
Disclaimer:
This analysis is part of a trading plan and does not constitute trading advice. Technical analysis is probabilistic in nature and does not guarantee profitability. Always implement proper risk management in every trading decision.
crude oil longcrude oil
long
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
CRUDE OIL (WTI): Pullback From Key Level
Crude Oil looks overbought after a yesterday's bullish movement.
The price may retrace from the underlined blue daily resistance
at least to 69.9 price level.
As a confirmation, I see a double top pattern on an hourly time frame.
❤️Please, support my work with like, thank you!❤️
Wti - Us Crude Oil Spot - Important LevelsImportant Levels For WTi
The chart highlights a detailed application of Gann techniques to analyze WTI movements. Using the Jinny Gann indicator, critical price angles (e.g., 45°, 90°, 135°, 225°, and 360°) are plotted, revealing symmetrical resistance and support levels.
Key Observations:
Gann Levels: Horizontal levels represent important price zones derived from Gann’s methodology. These levels act as significant support or resistance
Jinny Gann Grid : The grid formed by the diagonal lines provides a framework for understanding the balance between time and price. The stock has been respecting these lines, suggesting the relevance of the Gann grid in its price behavior.
Lots of times you can relay on the Grid trends and Start Drawing Classic Channels using its angles!
Wish you Best of luck
WTI Light Crude Oil (18H) – Technical Analysis1️⃣ Bullish Triangle Pattern
The chart forms a bullish triangle, with higher lows and a descending trendline. This indicates potential accumulation before an upward breakout.
2️⃣ Strong Support Level
The $68-$69 support zone, established in September, has held firm, showing strong buying interest and rejecting further downside.
3️⃣ Broken Resistance Line
The descending trendline has been broken, signaling a shift in momentum toward buyers.
4️⃣ Potential Uprise
The breakout suggests upside potential toward:
🟢 Target 1- $71.23
🟢 Target 2-$73.00
🟢 Target 3-$77.54
Got questions? Let me know!
USOIL Weekly Analysis 9-13 DecemberSo TVC:USOIL continued its fall previous week too.
For the upcoming week, my bets are on the upside, these are the keypoints of observation leading to this.
1. Since last 7 weeks, Crudeoil is stuck in a box range, and also the contracting triangle pattern is in the verge or breaking out / breaking down, so we can expect big moves that would possibly take crudeoil out of this box.
2. Nov 11-15 week, Market consolidated in range, grabbed buyside liquidity first, then the sell side liquidity and the week after that, market gave the one-sided move upwards.
3. From 27Nov till last friday, price formed similar structure where it collected buyside liquidity first, then sellside liquidity in the friday fall.
4. Currently the price is trading near a very important demand zone, so a move towards upside is expected.
5. China's inflation rate and PPI data comes out on Monday 7 Asia session, which can be a trigger for monday move.
6. US CPI data comes out this wednesday, which can act as a major trigger in breaking the trendline resistance above and price moving up to take out liquidity near 72.80$
7. As 25bp rate cut is largely expected in the next Fed meeting, the CPI data will be crucial in taking that decision, and this will weaken the dollar and is bullish for crudeoil, so that could be a major trigger onto breaking the resistance and moving up.
Conclusion:
So there are some key data coming this week, China PPI data and Inflation data which can signal some bullishness if the economy is strong and there is demand and also US CPI data which will also affect crudeoil price.
Technically, we are in a strong demand zone, and as we collected liquidity from buyside and sellside last week, chances are more we head for upside this coming week.
Watch out for resistances at 68$, 69$ and 70$, break of which can lead to nice upside rally.
What are your thoughts?
NB: Not a financial advise, this is just my observation and only for educational purpose.
TradeCityPro | WTI Analysis Fundamental and Technical Insights👋 Welcome to TradeCityPro Channel!
Let’s step away from the crypto space and analyze West Texas Intermediate (WTI) from both technical and fundamental perspectives.
🌍 Fundamental Overview
Supply Dynamics: U.S. shale oil production and OPEC+ decisions are key drivers. Escalating tensions in the Middle East, such as the Israel-Gaza conflict or Iran-related sanctions, pose significant risks to global oil supply.
Demand Trends : Economic growth and seasonal fluctuations influence demand, but the rise of renewables signals a gradual reduction in reliance on crude oil.
Geopolitical Factors : The Middle East, a hub for major oil producers, heavily impacts markets. Regional conflicts often lead to price spikes due to supply concerns.
Macroeconomic Trends : A stronger U.S. dollar and rising interest rates suppress oil demand, while inflationary pressures support higher prices.
Recent instability in the Middle East has heightened market volatility, underlining WTI's sensitivity to geopolitical events.
🕒 4-Hour Time Frame
In the 4-hour timeframe, WTI has been trending downward, nearing a key daily support level at 66.938, which has held multiple times and may attract buyers, shifting momentum.
📈 Long Position Trigger
wait for the 4-hour trendline breakout and trigger confirmations, such as RSI exceeding 73.48. The current 4-hour candle breaking the trendline could signal entry.
📉 Short Position Trigger
if the candle is rejected and turns red with strong bearish momentum or breaks below 66.938, it could trigger a sell opportunity in the market.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
CPI report came as expected ,
Hi, this is my own simple analysis about Gold and Oil (Not a financial advice).
CTKS Method Analysis: Oil Prices in FocusCrude oil is stuck between two structural monthly resistance lines (blue). On the daily chart, there’s a descending broadening wedge with a 50/50 breakout ratio — not very helpful as a leading indicator. A breakout could surprise the market and have a massive impact, as one of the CTKS Masterclass rules emphasizes: consolidation fuels explosions 💥
Scenarios:
🟢 Positive: Break above $72-$73 → strong bullish momentum
🟡 Neutral: Price stays between $67-$72 → consolidation
🔴 Negative: Break below $67 → potential drop toward $60
Given current conditions, I expect a neutral scenario with potential for a bullish breakout in January. Where do you think oil will end this month?
#CTKSmethod #Oil #Trading #MarketAnalysis
OIL: Three days breakout traders long in the market Hello traders and hope you are doing good! Today I would like to analyse deeply this market, trying to understand the logic behind my thesis. Do not forget to support and comment my idea, nothing change to you, but is really supportive to me.
Overall, OIL looks like potentially going to complete a two weeks dump and pump template, and especially today with CPI and OIL major red news on calendar, it can be pretty interesting, but let's go deeper.
The last week, since Wednesday the market drastically dumped down, breaking on Friday the low of week and closing the day/week in breakout, with short traders in the market. Now, typically, depending on the behaviour of price, the market can keep going breaking lower or reversing if volume is trapped down low, as it happened in this specific scenario.
I would say then, that the low of week can be locked and it may start the reversal process, going to stop short traders from Wednesday.
Monday, in the new week, the market placed a higher high (because it broke the Friday high of day), closing the day as first green day, which is a strong signal of market reversal.
Tuesday, volume was trapped almost all the day below Monday closing price, and a dump and pump session setup pushed the price even higher!
Wednesday, today, market kept breaking higher, potentially higher time frames long traders are driving this move.
Let's discuss about the thesis, as you may already know, I do not predict the market, but I just show what it can be (as per my criteria) the highest probability setup, setting for the day.
The long thesis, which is my current and main view, targeting the previous HOW, could be really interesting if the price will dump down into the low placed in London session, consolidating till 10:30am OIL news release for a buy low long trade setup, which I will be really willing to take.
However, the market can consolidate up high into the current HOD/HOW, for a short scalp back into any higher level long, for example low of London or yesterday closing price, but I will be updating this analysis every hour from the beginning of NY session 8am NYT.
Remember, I do not predict any movement but I only trade setup!
See you later every one and let me know if you need any clarification!
USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 66.99 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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US OIL Trade Log
WTI Crude Oil 1H Short Setup
Trade Idea:
- Bearish wedge forming with price stalling in the 1H FVG (premium zone).
- Confluence:
- Bearish Divergences: CVD and RSI confirm weakening momentum.
- Macroeconomics: Fundamentals lean bearish; CPI results pose a potential risk.
- Risk-Reward: Tight stop above the FVG. Targeting a 1:2.55 RRR down to liquidity grab zones below $68.
Quick Take:
This setup aligns technical weakness with fundamental caution. Stay nimble with CPI in play—adapt if the macro picture shifts. Target lower liquidity pockets if rejection confirms!
USOIL BULL Triangle The oil chart is showcasing a large triangle pattern within a smaller triangle, and the breakout of the smaller triangle to the upside strongly suggests that the larger triangle will also be broken. This breakout signals the potential to target significantly higher levels.
Additionally, the bottom has been tested approximately four times, with the last test clearing out all liquidity. Now, the chart appears to be gearing up for a major upward move after a prolonged accumulation phase.
As for my perspective, I’m betting on oil’s rise rather than its decline, even though the current triangle formation is typically a bearish (descending) triangle.
The second entry opportunity will present itself after the larger triangle is broken and confirmed through a retest.
Note: I don't care about the count if it right or not don't comment on that please
