Crude oil continues to fluctuate up and down for a weekPay attention to the resistance of 76/76.5 and trade with caution in the volatile market.Pay attention to sell high and buy low opportunities on the edge of the channel
Usoilanalysis
Free Signal USOILAs we can see here we have a nice breakout of channel with big candle + big volume and also we have a pullback taht make us to take this trade
Crude Oil Impulse Done ?Pair : US Oil
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line. Completed " ABC " Corrective Waves and " 12 " Impulsive Waves and making its " 3rd " Impulsive Wave. Break of Structure and Completed the Retracement
USOIL (W) will aim for the $81.5 price areaTVC:USOIL USOIL (W) will aim for the $81.5 price area
With a solid pinbar candlestick pattern, most likely, oil prices will return to the 81.5 price range
within the next 1-2 months before new fluctuations occur.
USOIL Signal result ✅Congratulations to all , as you can see here the market continue pushing up cause was in strong trendline and made a good signal to make this decision, See you in next Station;
Wednesday: Crude oil in rising channelThe 1H/4H chart shows that crude oil broke out of the triangle pattern and is expected to continue rising.
During the day, we need to focus on the resistance at the previous high, focusing on the resistance near 75.30, and the support below is around 73.2.
Crude oil’s short-term uptrend on TuesdayGlobal energy markets continue to be rattled by the growing likelihood of supply constraints, with successful attacks in Ukraine on Russian oil infrastructure highlighting how easy it is to disrupt broad energy supply chains. WTI tested multi-week highs on Monday as market tensions mounted.
The short-term (1H) trend of crude oil has recovered, and oil prices have broken through the resistance at the upper edge of the triangle. The moving average system is gradually arranged in a long position, and the short-term objective trend is upward. Pay attention to the strength and continuity of today's rise in oil prices, and it is expected that there is a high probability that the rise will continue during the day.
usoil: Expected to Rise to $80 in the FutureHello friends, I'm Luke, a former champion trader in multiple regions. I'm excited to join TradingView and share my strategies with you every day, hoping to provide assistance.
Crude oil has established a bottom around $70, and those who bought in heavily near this level have already reaped substantial profits. Personally, I anticipate oil to stabilize around $80 in the coming month, with any further declines seen as buying opportunities.
Key support levels to watch are $72-$70. Buying can be considered upon reaching this area, with target levels focused on $76-$78-$80.
I update market analysis daily and also send accurate trading signals within Luke's small group to help ensure the long-term stability and profitability of your account. Don't miss out!
USOIL - Look for a long ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: As we can see here price changed the character after taking sell side liquidity and started to form higher highs and higher lows. Now I look for a long position if price makes a retracement to fill the imbalance and then to reject from bullish order block.
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Monday: Crude oil continues to fluctuate in a rangeOil prices ended slightly higher last week after the International Energy Agency (IEA) and oil producer group OPEC jointly forecast strong growth in global oil demand and cold winter weather disrupted U.S. crude output, while the government reported a sharp weekly reduction in crude oil production.
Crude oil is expected to continue to maintain a volatile trend during the day. The technical aspect will focus on the support near 72, and the upper side will first focus on the resistance near 74.5. Sell high and buy low.
Crude oil moves up and down, how to trade todayThe fundamentals of crude oil are still greatly affected by the geopolitical situation in the Middle East. The technical aspects are still looking for high points to sell during the day. The following focuses on the resistance and support of 71.70~71.2.
At the weekend, we need to pay attention to the impact of changes in the regional situation on crude oil.
Crude Oil Short AnalysisPrice retest of 73.865 area, New York Session open await pullbacks to POi.
1hr time frame price rejection, 1 min entry after Price ChoC, and Break of structural low.
TakeProfit : 72.515 (1.272 Fib Extension)
US CRUDE OIL 4H : Above 73.88 will rise up US CRUDE OIL
New forecast
Oil price is trading positively, breaching the 72.90 level after failing to hold below the 70.82 level, and now it is trying to consolidate above the 73.88 level, providing signs of activating the positive scenario for the rest of the day, on its way to visiting the 75.06 levels, then 76.77, and 78.00 as the next main stations.
Therefore, an upward bias will be expected during the coming sessions with support from the 50 moving average that carries the price from below, keeping in mind that breaking the levels of 73.88 and then 72.90 will stop the expected rise and put pressure on the price to turn lower.
The expected trading range for today is between support 72.90 and resistance 78.00 until stabilized .
support line : 73.88 , 72.90
resistance line : 75.06 , 76.77
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Crude oil prices fluctuated, running in the range of 73.7~70.5There is resistance near 73.7 above crude oil during the day. The recent instability in the Middle East is still the dominant factor in crude oil fluctuations. Below, focus on the support of 70.50. The trend of crude oil is still biased towards shock.
Member complete signal will be updated later
US Oil 18/01Pair : US Oil
Description :
Bearish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Upper Trend Line. Completed " 12345 " Impulsive and Making its Correction. EXP FIAT in Short Time Frame and Rejection from Upper Trend Line. Divergence and BOS
Crude oil continues to fall, the short-term outlook is 70~70.5Selling near 71.6 in the morning has already made a profit of 60pips.
In terms of crude oil, we will pay attention to the resistance of 72.20-72.30 during the day. The support below needs to be towards 70.90. If it falls below, it will continue to fall by 70~70.5. Original post: The current trend is dominated by bears.
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
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15/1 crude oil trend analysisInternational crude oil futures rose 1% last Friday. Although they rose, they could not erase last week's decline. Last month, OPEC and its allies pledged to cut production by 2.2 million barrels per day in the first quarter of 2024. After oil prices surged sharply last Friday (January 12), they gave back all their gains, which means that short sellers may make further counterattacks this week. Crude oil prices fluctuated up and down last week, with the daily chart moving up and down in a regular pattern. The 4-hour chart has rebounded with repeated dips, but it has held the low point for the time being, and the low point is rising slightly. However, the high point resistance has not yet been broken through, which makes the short-term space unable to see sustainability, and it is not ruled out that this kind of saw-saw type of washout will continue.
Today's crude oil trading has begun. I hope you can make profits in the volatile market.
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
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Usoil-Range trading analysis
The U.S. EIA crude oil inventory unexpectedly rebounded. Although oil-producing countries such as OPCE+ and Saudi Arabia are fully confident in stabilizing the crude oil market, the market performance is poor and the demand side is relatively weak. As a result, oil is currently in a range-bound state.
Usoil:sell72.75-73.1
TP:72.3-72
SL:73.3
In volatile market conditions, control positions reasonably and set SL
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🛢️📉 USOIL Hits Resistance: Sell with $67 Target in Sight 🎯🔴We have noticed that crude oil has been unable to break through the resistance level on the 1-hour chart and has now entered a selling zone. This may lead to a decline in prices to $67. It's important to keep in mind that when the crude oil market is bearish, it often sets a bearish trend for the overall market.
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
🛢️📈 Crude Oil Outlook: Ready for a Rally Back to $93! 🚀🎯💥There is a positive divergence on the daily chart of crude oil. This indicates a strong possibility of a rally to test $93. Other commodities such as gold, silver and natural gas have also shown the same signal today. Meanwhile, the US Dollar is displaying a high bearish signal.
The tensions in the Middle East may lead to positive market performance.
