Usoil trade WTI moves below 69.00, further downside seems possible due to stronger US Dollar
West Texas Intermediate Oil price extends its losing streak for the fifth successive session, trading around $68.90 per barrel during the Asian hours on Friday. Crude Oil prices, denominated in dollars, are on track for a weekly decline due to a stronger US DollarCrude Oil, commonly known as petroleum, is a naturally occurring fossil fuel liquid composed of hydrocarbon underground deposits and organic materials. The prices of this popular commodity are measured in USD. Saudi Arabia, Russia, United States, Iran and China are the countries producing more oil. On the other hand, United States, China, Japan, Russia, and Germany are the countries consuming more oilCrude oil is classified into various grades according to density (heavy vs light) and sulphur content (sour vs sweet). The lighter and sweeter the crude, the higher the price it can be sold, because refiners can produce higher yield of high quality refined products from it.
Density is measured by API gravity, a measure developed to compare the density of petroleum with water (API > 10 means the liquid floats on water) but is now widely used to compare among crude oils. API degree is inversely related to the density of crude oil. In general, crudes of API between 40-45 degrees can be sold at greatest commercial values
Usoilanalysis
1220 USOIL could not break top zone and turn down sideways againHello traders,
This Thursday, Bitcoin's price experienced significant fluctuations, dropping from $102,000 to $97,000, a decline of $5,000 overnight. If we consider the high point from last weekend, the "tulip bloom," to the current "withered" state, it has fallen a total of $11,000 within a week.
As a reminder, the second half of December is the period of tightest liquidity in the U.S. Everything is sellable!
Therefore, when Federal Reserve Chairman Powell clearly stated, "We are not allowed to own Bitcoin," it can at least be confirmed that the rumors of the Fed holding Bitcoin have been dispelled, and the U.S. government's plans to accumulate Bitcoin are nearly impossible. This means that Bitcoin's price has finally returned to "normal," reflecting the trend of tightening liquidity.
On Thursday, there are several important data points to pay attention to:
1. U.S. Dollar Index: 108.3
2. 10-Year Treasury Yield: 4.57%
3. 30-Year Treasury Yield: 4.74%
These figures indicate that inflation expectations are rising. In particular, the 30-year Treasury yield is just about 10 basis points away from this year's high of 4.81%, and less than 40 basis points from the 2017 peak of 5.11%. Over the past two weeks, the 30-year Treasury yield has risen by 40 basis points.
What is the current market consensus? The small red circle suggests shorting U.S. Treasuries and going long on the dollar.
Today is Friday, a special day, as it marks the largest and most important options expiration date (OPEX) of 2024. Given the maximum OPEX, the impending government shutdown, and the tightening liquidity, the market may experience significant volatility!!!!!! Major attention is needed during this time, particularly during U.S. market hours (9:00 PM Beijing time to early Saturday morning).
Wednesday's internal tips:
On the 4-hour chart, crude oil has retraced below the EMA and the first resistance level, which diverges from the daily chart (where the candlestick is above the EMA) and the weekly chart (which has broken through the bottom resistance line), creating a selection issue for the market.
**Idea One:** You can choose to enter new long positions after the 4-hour chart returns above the EMA.
**Idea Two:** You can also consider a larger risk-reward ratio, entering the market opportunistically while the 4-hour chart is below the EMA, but the daily and weekly charts remain bullish.
For existing long positions that have not hit the stop loss, it is recommended to hold on, based on the second idea mentioned above.
TP1: 71.5
TP2: 72.0
TP3: 72.70
On Wednesday, during U.S. market hours, crude oil faced resistance at the first resistance level;
On Thursday, during U.S. market hours, crude oil was blocked by the 4-hour EMA.
At this point, the long crude oil trades hit their stop loss, and positions were closed, requiring a reevaluation of the trading strategy.
Since Wednesday, under the pressure of the Fed's hawkish interest rate cuts, the demand outlook for crude oil has become increasingly bleak. Moreover, the market's further slowdown in easing expectations poses severe challenges for oil prices. Currently, the market generally believes that there will be a significant oversupply of global oil next year.
In this market expectation, a rise in oil prices has become almost impossible. Market sentiment is low, and investors are generally cautious about the oil market. In the coming months, oil prices are likely to remain under pressure, making it difficult to regain their former glory.
From a technical perspective, on the 4-hour chart, crude oil continues to struggle within a sideways range.
On Friday, plan to establish new short positions. On the 1-hour chart, during European and American market hours, look for an opportunity to enter short positions on crude oil based on a 1-hour reversal signal.
TP1: 67.50
TP2: 66.60
Mid-term short position take-profit level: 63.50.
GOOD LUCK!
LESS IS MORE!
WTI/USOIL Energy Market Heist Plan on Bullish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the WTI / USOIL Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a bull trade anywhere,
however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low level.
Goal 🎯: 73.500
Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
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"USOILSPOT / WTI CRUDE OIL" Energies Market Bullish Heist PlanHello! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist "USOILSPOT / WTI CRUDE OIL" Energies Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
Stop Loss 🛑 : Recent Swing Low using 1H timeframe
Target 🎯 : 70.50
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
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The latest crude oil operation suggestionsOverall, the EIA inventory data released last night was -507.3 before and -142.5 after, while the oil price barely rose by 10 points. The idea in the early trading is to determine the strength based on the high point of 70.5 last night. It is recommended to short on the rebound. Crude oil strategy: short on the high point when the rebound reaches 70, with the target at 69.3-68.6.
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!
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!
CRUDE OIL Weekly Forecast: Bearish! Wait for SHORTS!Price has traded through the low @67.71, indicating a shift in the market from bullish to bearish bias. There is an untapped imbalance above @67.87, an Internal Liquidity target. As we know. price seeks liquidity from External liquidity (lows and highs) to Internal Liquidity (FVGs). So the idea here is to wait for the pullback into the -FVG/imbalance and look for valod short setups, targeting the lows @66.98 and 66.50.
Enjoy!
May profits be upon you.
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I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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The plan to go long on crude oil beginsBros, today's NFP market is somewhat disappointing. Gold did not activate our limit orders during the rebound. So we don't have a good position to participate in gold trading.
At present, I pay more attention to crude oil than to gold. At present, crude oil has fallen to around 66.95 and has not effectively fallen below 67. Moreover, crude oil has repeatedly turned the tide in the 67-66 area, successfully stopped the decline and successfully reversed the trend, so crude oil has now entered a strong buying area.Therefore, crude oil is currently at a very attractive price near 67. I think there will be a large influx of buying funds in this area, thus supporting the oil price to rise again.
Then I think we can start to go long on crude oil in this position area! Wish us good luck! Bros, are you also bullish on crude oil in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
US OIL Trade Log USOIL Short Position Analysis
Technical Indicators :
- 1H Fair Value Gap (FVG): Current price is within the 1-hour FVG, indicating a potential short entry point.
- MACD Divergence: A bearish divergence between the MACD indicator and price action suggests weakening upward momentum.
- Cumulative Volume Delta (CVD) Divergence: Bearish CVD divergence indicates increasing selling pressure despite rising prices.
- Ichimoku Kijun Levels: Price is above the 1H, 4H, and daily Kijun lines, placing it in a relative premium zone, which may precede a downward correction.
Fundamental Factors :
- Fear Premium: Recent price increases are attributed to geopolitical tensions, such as conflicts in the Middle East, leading to a 'fear premium' in oil prices.
- Bearish Macro Outlook: Rising U.S. oil inventories and weak global demand projections, especially from China, suggest a bearish outlook for oil prices.
Trade Parameters :
- Position: Short USOIL
- Entry: Within the 1H FVG at current market price.
- Risk Management:
- Risk per Trade: 1% of trading capital
- Risk-Reward Ratio (RRR): 1:2
USOIL/WTI Crude Oil Energies Market Heist Plan on Bearish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist USOIL / WTI Crude Oil Energies Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Near the Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry 👇 📉: Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point entry should be in pullback.
Stop Loss 🛑: Recent Swing High using 1H timeframe
Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Oil: Time to Short? WTI Set to Plunge Over 10%Hey Realistic Traders, Is Oil About to Crash? Let’s Dive In....
What's the cause of sudden drop in oil prices?
U.S. President Donald Trump has pledged strong support for the oil and gas industry, aiming to streamline permits, boost domestic production, and expand drilling on federal lands. He has also criticized renewable energy subsidies and pushed for increased natural gas exports.
Aligned with Trump’s stance, the U.S. Energy Information Administration (EIA) has raised its 2023 oil production forecast to 13.23 million barrels per day, surpassing last year’s record of 12.93 million. Global output is also expected to increase, while weaker oil demand from China, driven by slowing economic growth, adds further downward pressure.
These policies and projections support the assumption of lower oil prices ahead
How much further could they decline?, Let's analyze it using technical analysis!
On the daily timeframe, TVC:USOIL is in a bearish continuation phase, potentially entering wave 3 of the trend. It has also broken out of a head-and-shoulders pattern that developed over the past 60+ days, signaling the end of a consolidation phase.
This breakout, paired with a bearish marubozu candlestick, strengthens the case for a continued downtrend. Adding to this, the MACD indicator has confirmed a bearish crossover, providing further confirmation of downward momentum.
With these signals aligned, we project a potential drop toward the first target of $60.51, and possibly even further to the secondary target of $57.80
This outlook remains valid as long as the price holds above the stop-loss level at $73.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Oil.
Oil Upatedoil has formed a valid descending tredline on a support and broke it with a candle that closed above the last touch of the trendline
so we're waiting for a retest and rejection of the trendline and prefer on the support also to enter a buy (long) position
happy tradin guys
follow us for more updates
Usoil and WTI is buy This chart informs about the average forecast prices, and also how close (or far apart) sit the numbers from all participants surveyed that week. The bigger a bubble on the chart means more participants targeting a certain price level in that particular time horizon. This distribution also tells if there is unanimity (or disparity) among participants.Each participant's bias is calculated automatically based on the week's close price and recent volatility. Drawing from those results, this chart calculates the distribution of bullish, bearish, and sideways forecast prices from all participants, informing about sentiment extremes, as well levels of indecision reflected in the number of “sideways”.This measure is basically an arithmetical average of the three central tendency measures (mean, median, and mode). It smooths the typical outcome eliminating any possible noise caused by outliers.
USOIL:The long target is 72.8
Today's crude oil continues to be bullish, the daily line gave a broken signal, back to step to continue to do long, crude oil this wave is also hovering at the bottom of the cycle, long target first look around 72.80, today back to step 79.40-79.50 support above to find more opportunities.
$USOIL USOIL WT CRUDE OIL Descending TriangleTVC:USOIL USOIL WT CRUDE OIL price action has formed a Descending Triangle on the Weekly timeframe.
Current Price: 70.3
In previous years, #USOIL reached a high of 149 and retraced to a low of 66.4 (A retracement of over 50%)
A breakout of Descending triangle can lead to higher prices: 73.9, 84.4, 94.3
A break below 66.4 can lead to prices down to 42.7!
It remains to be seen...
WTI / US Oil Spot Market Money Heist Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist WTI / US Oil Spot Market Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry in pullback.
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Usoil trade setupWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.30 on Wednesday. The WTI price trades flat after Ukraine used US ATACMS missiles to strike Russian territory for the first time.
On Tuesday, Russia’s defense ministry said that Ukraine hit a facility in the Bryansk region with six ATACAMS missiles. In response, Russian President Vladimir Putin lowered the threshold for a possible nuclear strike. The rising geopolitical tensions could boost the WTI price for the time being. "This marks a renewed build up in tensions in the Russia-Ukraine war and brings back into focus the risk of supply disruptions in the oil market," ANZ Bank analyst Daniel Hynes said.
USOIL:Long after the pullback trading strategy
Crude oil yesterday is also strong pull up, the overall bullish thinking and expectations are consistent, coupled with the contract delivery today, crude oil will be likely to break through the previous strong pressure 69.40 this position, crude oil thinking is also low bullish;
Asia-europe session is expected to shock before pulling higher, pay attention to 68.5-68.3 support, in addition to the previous crude oil inventory data is also positive, crude oil may enter a wave of bulls. Upper targets see 69.4-70.6
USOIL:Today's short trading strategy
Crude oil began to contract delivery, the action of these two days should be relatively large, today's thinking or bearish, weekly line again closed negative, and the center of gravity began to move down, crude oil also fell below the bottom of the hour level, today's rebound continues to empty, do not chase, this position is the bottom of crude oil week, has been volatile for a few weeks;
Today the bearish pressure around 68.00 has been broken and is currently around 67.00, the lower target is seen around 66.00. Please do not continue to short after arrival, wait for the market to confirm before trading. Follow me for updates
USOIL A HARMONIC CRAB FOR 100$HELLO FRIENDS
As i can see us oil is now trading near 67.00 $ i can see a strong horizontal Support Zone on Daily based and weekly based also we can see a bullish crap harmonic pattren with FIb retracement it can be a life changing trade we need patience time will decice
after theses over sold weeks on oil and wars are the world will boost the demand because wars r not based on EV, they need Crude also fundamental issues and tight supply with exceeding demand will boost the price charts always talk we always prefer 80% of technical
Friends our trade idea is based on very lower risk and big weekly rewards it's just a trade idea share Ur thoughts with us
Stay Tuned for more updates