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West Texas Intermediate Crude Oil Futures (Continuous futures contract)West Texas Intermediate Crude Oil Futures (Continuous futures contract)West Texas Intermediate Crude Oil Futures (Continuous futures contract)

West Texas Intermediate Crude Oil Futures (Continuous futures contract)

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USOIL.F trade ideas

My Bearish Setup in Progress on WTI Crude Oil WTI crude oil has been in a steady downtrend and recently formed a potential supply zone (purple area) around $69.50–$70.15, aligning with a key inefficiency. Price action suggests a bearish reaction at this zone, with the potential for lower highs before a continuation to the downside. Liquidity below $66.68 is the next probable target as sellers dominate the market. The setup favors waiting for price to tap into the supply zone, showing clear rejection signs before executing shorts. A break below recent lows would confirm bearish momentum, with further downside targets in the $65.50–$64.50 range.
BLACKBULL:WTI
by TopGBanks
WTI Crude Oil Analysis: Key Levels & TargetsAlexGoldHunter TVC:USOIL Technical Analysis and Strategies for CFDs on WTI Crude Oil (1-Hour Timeframe) Chart Analysis Price Levels and Patterns: Current Price: 67.10 USD Falling Wedge Pattern: A typically bullish reversal pattern where the price is nearing the lower boundary, indicating a potential breakout to the upside. Target Price: 68.56 USD, which aligns with the upper boundary of the wedge and a previous resistance level. Support and Resistance Levels: Support Levels: 67.10 USD (current price level) 67.02 USD 66.77 USD Resistance Levels: 68.56 USD (target) 68.49 USD 68.29 USD Technical Indicators: Volume: Noticeable increase during recent price movements, indicating strong market interest. RSI (Relative Strength Index): Currently at 31.62, in the oversold territory, suggesting a potential buying opportunity. MACD (Moving Average Convergence Divergence): The MACD histogram shows a slight bullish divergence, indicating a potential reversal. Buy Strategy with Confirmations Confirmation of Breakout: Wait for a confirmed breakout above the falling wedge pattern. A close above the upper boundary of the wedge with increased volume would be a strong confirmation. RSI Confirmation: Ensure that the RSI is moving out of the oversold territory (above 30). MACD Confirmation: Look for a bullish crossover in the MACD indicator. Entry Point: Enter a long position once the price closes above the wedge with the above confirmations. Stop Loss: Place a stop loss below the recent swing low or the lower boundary of the wedge. Target: Set the target at 68.56 USD, as indicated on the chart. Sell Strategy with Confirmations Failure to Breakout: If the price fails to break out above the wedge and instead breaks below the lower boundary, consider entering a short position. RSI Confirmation: Ensure that the RSI is moving towards the oversold territory (below 30). MACD Confirmation: Look for a bearish crossover in the MACD indicator. Entry Point: Enter a short position once the price closes below the wedge with the above confirmations. Stop Loss: Place a stop loss above the recent swing high or the upper boundary of the wedge. Target: Set the target at the next support level, around 67.02 USD or lower. By following these strategies and confirmations, traders can make informed decisions based on the technical analysis presented in the chart. If you need further assistance or have any other requests, just let me know! 😊
TVC:USOIL
by Alexgoldhunter
USOIL Technical Analysis! BUY! My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 67.10 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 68.19 My Stop Loss - 66.46 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
1
Drill baby, drill - oil price to follow down underground?Predicting the price of oil is risky business.. So many factors at play, and so many factors out of anyone’s control, influenced by world events and the actions of unpredictable players. So do your own research, base your decisions on your beliefs. Here’s my two cents. The US president elect has stated he will open the wells on drilling, fracking and anything else that can produce oil. Increased supply - reduced price. Tension between Iran and Israel will likely soften, in the way that Iran will think twice about retaliating the Israeli attack now that a more direct person is at the wheel in the US. That being said, his takeover is still a few months away, but the sitting President has now nothing to lose. And, we are heading into winter, with reduced gasoline demand. The attached chart shows a horizontal channel, however I don’t think that is relevant in this situation. World events take the driving seat, and I believe oil price will decent going forward.
CAPITALCOM:OIL_CRUDEShort
by WeRideAtDawn
Crude oil weighing demand concernsOn the other hand, crude oil is currently trading below the critical threshold of $70.00, reflecting growing concerns over demand due to disappointing economic data from China. This decline has sparked fears of reduced consumption in one of the world's largest oil markets, prompting traders to reassess their outlook. The technical landscape for crude oil shows notable support around **$65.00**, which traders will be watching closely. If prices continue to hold below **$70.00**, short positions may become increasingly viable as bearish sentiment prevails. Resistance at this level will need to be overcome for any bullish momentum to materialize. Given the current volatility in oil markets, it’s essential for traders to remain cautious and vigilant. Monitoring real-time economic indicators will be critical in making informed trading decisions as we navigate through these uncertain waters.
TVC:USOIL
by Exness_Official
Crude Oil long term analysis⭕WTI has taken downward trend since (18Jul 24) , Because of industrial countries had bad data and concern about suffering recession the price gone down. 🔻In the another side OPEC+ decided increaseof their supply. 🔻China's data not promising, China is the biggest importer of Oil in the world so its pridectable to effect oil price. 🟢Middle east and tension of that has no end ,Analysts alarm to happening War and Geopolitical things limtied down trend of price. 🟢Fed's recently reduced intrest rate by 0.5 which is big move since years ago ,And they decided to cutting rate by 0.25 from other meetings it mean Soft Landing , in this case it will help to US Gov' to improve the economic and WTI price mostly dependent to US economic so it will help to growth Oil price 🔵So many countries economics related together so if US ecnomy will recovery it self China , Japan , Euro zone , Australia , Canada , ..... will betterment too so if the economics of countries better so productions and output will growth that causes import Oils and counsume. ✅In my idea 66$ to 63$ very big support area and good place to order Buy. my expectation is WTI in 2025 will growth smoothly to our other targets.✔✔ 💌pls add your idea too and let me know❗❓
EASYMARKETS:OILUSD
by TheApolloo
WTI: Head & Shoulders Could Trigger Drop to $67.48OANDA:WTICOUSD On the 120-minute timeframe, WTI Crude Oil has shown a notable bearish setup. After the formation of the bearish alt-Bat pattern at $71.14, the price dropped to $69.22, where a new fractal support was established. This level reinforces a previously used support zone, which is crucial for the next possible price pattern. With this support reinforcement, there is a potential for the formation of a head and shoulders pattern, with the neckline at $69.22. It’s important to note that the pattern will only be validated if the price breaks below this fractal support. If validated, the pattern could trigger a decline towards the 200% Fibonacci extension level at $67.48. Key Takeaways for WTI Crude Oil: Bearish alt-Bat pattern formed at $71.14. Price dropped to $69.22, establishing a new fractal support. A potential head and shoulders pattern is forming, with support at $69.22 acting as the neckline. Break below $69.22 would validate the head and shoulders pattern. If validated, the price could fall to $67.48, aligning with the 200% Fibonacci extension level.
OANDA:WTICOUSDShort
by Andre_Cardoso
WTI Short - if we see the following play out.Looking at fair value gaps, and imbalance in the markets. This morning I identified the fair value gaps on WTI, as you can see on the chart it is playing out according to plan. If the price now continues to rise and starts to turn round when it hits the sell zone on the chart, then I will look for the following before I take the short. - Price Action - Deal flow where the buyers are running out of steam, and the sellers are starting to take over. If this happens then I plan a short on WTI. James Sandrock
CFI:WTIShort
by James_Gordon_Sandrock
Analysis of the 1-Hour Crude Oil Chart (WTI)1. Rising Wedge Pattern: A rising wedge has been detected, which is a bearish reversal pattern. This typically signals a potential price breakdown. The wedge resistance aligns near 71.00–72.00, indicating a potential cap. 2. Key Zones: Premium Zone: Around 70.80–71.00, where sellers have shown dominance previously. Equilibrium: Price around 68.90 marks a fair value where buyers/sellers balanced previously. Discount Zone: Strong demand zone lies between 66.50–67.00, suggesting significant buying pressure. 3. Moving Averages: Price is above the 200 EMA, indicating an overall short-term bullish trend, but the rising wedge introduces caution. 4. Support Levels: Immediate Support: $70.00 Next Support: $68.90 (Equilibrium level) 5. Indicators: Volume Analysis: Lower volumes during the upward move suggest weakening bullish momentum. Momentum: If price fails to sustain above $70.80, sellers may take control. Trade Strategy 1. Short-Term Bearish Setup: Sell: Near 70.80–71.00 (wedge resistance). Target: 1st Target: 69.50 (initial drop support). 2nd Target: 68.90 (Equilibrium level). Stop-Loss: 71.50 (above wedge resistance). 2. Long Setup at Discount Zone: Buy: Near 67.00 (discount zone support). Target: 1st Target: 69.50 2nd Target: 70.50 Stop-Loss: 66.52 Key Watchouts A confirmed break below the wedge at $70.00 will validate a bearish move toward 68.90. A break above 71.50 would invalidate the bearish setup and signal further upside toward 72.50–73.00. Trade cautiously around the rising wedge, as breakdowns can be sharp. Use stop-losses to manage risk effectively.
CAPITALCOM:OIL_CRUDEShort
by Phola_86
Crude Oil: Price Action Tips for Big GainsTVC:USOIL AlexGoldHyunter Technical Analysis Using Price Action Techniques Key Levels and Structures Support and Resistance Levels: Resistance: Around 71.00 (marked by the red dashed line and "Equal Highs"). Support: Around 68.75 (marked by the green line labeled "Swing Low"). Fibonacci Retracement Levels: 0.382: 70.50904 0.618: 69.27906 0.786: 69.58792 Break of Structure (BOS): Multiple BOS annotations indicate significant price movements breaking previous highs or lows. Change of Character (CHoCH): Indicates a potential reversal or shift in market sentiment. Indicators Moving Averages: The chart includes two moving averages (red and blue lines), which can be used to identify trends and potential entry/exit points. Volume: Volume bars at the bottom indicate the trading activity, which can confirm the strength of price movements. Relative Strength Index (RSI): The RSI indicator shows overbought or oversold conditions, which can be used to time entries and exits. MACD: The MACD indicator at the bottom shows momentum and potential trend reversals. Buy Strategy Entry: Look for a bullish CHoCH or BOS above a significant resistance level (e.g., 71.00). Confirm with increasing volume and a bullish crossover in the MACD. RSI should be above 50 but not in the overbought zone. Stop-Loss: Place a stop-loss below the recent swing low or a significant support level (e.g., 68.75). Take-Profit: Use Fibonacci extension levels or previous resistance levels to set take-profit targets. Sell Strategy Entry: Look for a bearish CHoCH or BOS below a significant support level (e.g., 68.75). Confirm with increasing volume and a bearish crossover in the MACD. RSI should be below 50 but not in the oversold zone. Stop-Loss: Place a stop-loss above the recent swing high or a significant resistance level (e.g., 71.00). Take-Profit: Use Fibonacci retracement levels or previous support levels to set take-profit targets. By using these price action techniques and indicators, traders can develop a structured buy and sell strategy for trading CFDs on WTI Crude Oil. Happy trading! 📈📉 Follow @Alexgoldhunter for more strategic ideas and minds
TVC:USOILLong
by Alexgoldhunter