USOIL / TRADNING ABOVE SUPPORT LEVEL AT 67.19 - 4H USOIL / 4H TIME FRAME
HELLO TRADERS
Price Decline of 7.16%: The analysis suggests that there has already been a price drop of 7.16%. This could be the starting point for further analysis or an event that has already occurred.
Breaking and Stabilizing Below 67.19: The level 67.19 seems to be a significant support or resistance point. If prices break below 67.19 and stabilize, it indicates a bearish trend. This might suggest that further declines are likely.
Further Decline of 9.71%: Should the price fall and stabilize below 67.19, the analysis anticipates an additional 9.71% decline.
Current Trading Above 67.19: Presently, prices are still above the 67.19 level, signaling that the market has not yet broken this key point.
Expected Increase of 10.36% : The text predicts an upward movement of 10.36%, potentially implying bullish momentum if the price continues to hold above 67.19.
Possibility of Further Increase: There’s a suggestion that the price could rise even more beyond the 10.36% increase if current trends hold.
Technical Analysis:
Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 67.19, the bullish momentum is expected to continue.
Upward Condition:
- Target 1: If the price trades above 67.19, it's expected to rise to 71.51.
- Target 2: If the price stabilizes above 71.51, the next target is 72.16.
Downward Condition:
- If the price falls below 67.19 , it suggests a potential decline:
- Target 1: A decline to 65.34.
- Target 2: If it breaks below 65.34, further decline is expected to 63.93.
Usoilanalysis
USOIL WTI Technical Analysis and Trade Idea👀 👉 USOIL WTI recently broke structure to the down side, as seen on the 4H timeframe. In this video, we closely examine USOil, discussing the trend, market structure, and price action. We also explore a potential trade setup.
**Disclaimer:** Forex trading involves significant risk, and market conditions can change quickly. The information provided is for educational purposes only and should not be considered financial advice. 📉✅
USOIL / TRADING BELOW TURNING LEVEL - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
July Decline: The significant drop of 15.34% indicates a bearish trend, which could be attributed to various factors such as market corrections, economic conditions, or changes in consumer behavior.
August Recovery: The rise of 11.74% suggests a potential recovery or rebound, possibly driven by positive news, increased demand, or market adjustments. However, this increase was followed by another decline within the same month.
Second August Decline: The 18.23% drop following the initial recovery may indicate market volatility or the market's inability to sustain upward momentum. This could also signal investor uncertainty or reactions to external factors.
September Projection: The forecasted decline of 4.66% in September suggests that the overall trend remains negative. This could imply a continuing lack of confidence in the market, or it may reflect seasonal trends affecting prices.
Technical analysis:
The level at 71.51 serves as a key resistance. If the price remains below this level, a decline towards 68.80 is expected. If this level is breached, the next support could be around 67.19.
Conversely, if the price breaks above 71.51, it may indicate bullish momentum, with targets at 73.99 and then 76.10.
UPWARD TARGET : 73.99 , 76.10 .
DOWNWARD TARGET : 68.80 , 67.19.
USOIL / UNDER BULLISH PRESSURE - 4HUSOIL / 4H TIME FRAME
overall trading above 67.59 , expected under upward pressure .
Currently, prices are holding above the crucial support level of 67.59. As long as they maintain this position, an upward move towards the next resistance levels of 69.98 and 71.59 is likely. The 71.59 level is particularly important, as breaking through it would serve as confirmation of a sustained uptrend, potentially driving prices higher to test the 74.24 resistance zone.
However, if prices fail to hold above the 67.59 support level, it would indicate a shift in momentum, initiating a bearish phase. In such a case, the first target on the downside would be 65.35, with further declines possibly extending to the 63.67 region. This level would serve as a critical area for buyers to step in, and if breached, could signal a deeper correction.
UPWARD TARGET : 69.98 , 71.59 , 74.24.
DOWNWARD TARGET : 65.35 , 63.67.
US OIL / WTI Bullish Money Heist Plan on Long SideHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist US OIL / WTI 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 at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Attention for Scalpers : 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.
Note: 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.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 1H timeframe
Warning : Fundamental Analysis 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.....
US OIL / WTI Bullish Money Heist Plan on Long SideHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist US OIL / WTI 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 at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Attention for Scalpers : 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.
Note: 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.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 30m timeframe
Warning : Fundamental Analysis 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.
#USOIL 1DAYUSOIL 1 Day Trade Opportunity
Buy Opportunity:
Buy Level: 66.500
Target Levels: 67.500 / 68.500 / 69.500 / 71.500
Description:
Today's analysis of USOIL (Crude Oil) suggests a promising buy opportunity. With the current price at 66.500, the market shows potential for upward movement. Consider entering a long position at this buy level.
Target Levels:- 67.500: Initial target level where short-term gains might be realized.
68.500: A subsequent target indicating continued bullish momentum.
69.500: An intermediate level that may act as a resistance point but offers a chance for profit-taking.
71.500: The final target level, which represents a more extended bullish move.
Monitor the price action closely around these target levels for potential exit points or adjustments to your trading strategy. As always, ensure to implement proper risk management techniques.
USOIL / UNDER BULLISH PRESSURE - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
currently prices trading above turning level at 78.74 , overall under bullish pressure.
In order for the price to reach 71.59, it first needs to establish a period of stabilization above two critical levels: 68.74 and 69.98. These levels act as key support zones, signaling strength in the market if maintained. Once stability is confirmed above 69.98, upward momentum is expected to build, pushing the price toward 71.59. If this bullish trend continues, the price may extend further, reaching the next target at 74.24.
However, if the price fails to hold above 68.74, it indicates weakening bullish momentum, and the market may shift towards a downtrend. In this scenario, breaking the turning level at 68.74 could trigger a decline toward 65.35. A more pronounced drop could push the price even lower if this support level is breached.
TURNING LEVEL : 68.74
USOIL / TRADING SENSITIVE AREA - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
In the last chart as mentioned rising and reached +100 pip profit.
Currently, prices are trading above 68.74. As long as they remain and stabilize above this level, a rise toward 69.98 is expected. To confirm an uptrend, prices need to break above 69.98, potentially reaching 71.59. On the downside,
if prices stabilize below 68.74, a decline toward 65.35 is anticipated, and if they fall further below this level, they could reach 63.67.
TURNING LEVEL : 68.74
USOIL / TRADING ABOVE SUPPORT LEVEL - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
The First Scenario , The support level at 65.35 acts as a critical threshold; as long as prices remain above it, buyers dominate, pushing the price towards 68.74 and then 69.98. This rise reflects increased confidence in an uptrend. For the trend to be fully confirmed, prices must stabilize above 69.98, signaling sustained momentum, which could lead to a further increase to 71.59.
The Second Scenario , if the price breaks below 65.35 and stabilizes, it indicates a shift in market sentiment, with sellers gaining control and potentially driving the price down to 63.35, followed by 62.65 This technical analysis underscores the importance of price levels in predicting future market movements and investor behavior.
UPWARD TARGET :
68.74 , 69.98 , 71.59 .
DOWNWARD TARGET :
63.35 , 62.65 .
USOIL / UNDER UPWARD PRESSURE - 4HUSOIL / 4H TIME FRAME
HELLO TRADERS
USOIL is currently trading above the turning level of 67.09 and remains above the support trendline, indicating upward momentum. There are two potential scenarios:
The First Scenario , USOIL's trading above 67.09 and staying above the support trendline signals strong buying interest, which suggests upward pressure. The target of 69.98 is a logical resistance level, followed by 71.59, which marks the next significant zone. Stabilization above 71.59 and 72.20 would confirm the strength of the uptrend, as breaking these levels would show that demand is outpacing supply, leading to further price gains.
The Second Scenario , If USOIL fails to maintain the 67.09 level and closes below it on a 1-hour or 4-hour chart, it indicates bearish momentum. This would increase the likelihood of a decline toward 65.35 and 63.67, the next significant support levels. A break below 65.35 could trigger a stronger downtrend as it would suggest sellers are gaining control, particularly if the price falls below the descending channel, reinforcing the bearish sentiment.
KEY LEVELS :
Turning Level : 67.09.
Resistance Levels : 69.98 , 71.59.
Support Levels : 65.35 , 63.67.
Durian prices fall on concerns over Tropical Storm FrancineUSOIL: Oil prices in today's session have appeared a reversal candlestick pattern on the H4 frame. The $68 area is also a good support area for Oil prices, so you can consider buying USOIL around this price area. The short-term target can be expected to return to the $71 area.
Oil charges persisted to fall on Wednesday on worries that a typhoon anticipated to hit Louisiana on Wednesday will disrupt manufacturing and refining alongside the U.S. Gulf Coast.
In the United States, oil and fueloline manufacturers alongside the Gulf Coast have all started evacuating team of workers and proscribing drilling operations in education for Tropical Storm Francine because it movements throughout the Gulf of Mexico.
The U.S. National Hurricane Center forecasts Francine will give a boost to right into a typhoon on Tuesday earlier than hitting the Louisiana coast. The Gulf Coast bills for approximately 50% of the country`s refining capacity, in step with the U.S. Energy Information Administration (EIA).
"Prices are seeing a moderate recovery... at the caution of a typhoon that would threaten the U.S. Gulf Coast, however the broader dialogue stays centered on call for and what OPEC+ can do," stated John Evans, an analyst at PVM.
OPEC+ consists of the Organization of the Petroleum Exporting Countries (OPEC) and allies together with Russia.
In OPEC member Libya, the country's National Oil Corporation has declared pressure majeure on a few crude oil cargoes being loaded from the port of Es Sider, as oil output is confined via way of means of a political dispute over the significant financial institution and oil revenues.
The OPEC+ organization of oil manufacturers has agreed to put off a deliberate 180,000 bpd manufacturing boom in October for 2 months in reaction to the pointy drop in crude charges.
Analysts stated investor optimism approximately a gentle touchdown state of affairs for americaA economy, wherein inflation is contained with out a recession or sharp upward push in unemployment, additionally helped aid crude charges. The US authorities is scheduled to launch a key inflation document later this week.
"A recession withinside the US isn't inevitable, however the Federal Reserve wishes to begin reducing hobby costs speedy and aggressively to keep away from it," stated James Knightley, leader worldwide economist at ING.
USOIL - at his most expensive region ? holding or not??#USOIL - perfect move as per our last couple of ideas.
now market at his one of the most expensive region of month that is around 66.30 to 67.20
keep close that region because if market hold it then you can see a bounce from here otherwise below that you will see a smooth drop towards his next supporting areas.
dont be lazy here.
good luck
trade wisely
USOIL / TRADING ABOVE DEMAND ZONE IN THE DAILY CHART - 4HUSOIL / 4H TIME FRAME
HELO TRADERS
The overall trend is uptrend , until trading above demand zone in the daily chart .
Current Position Prices are above the demand zone, which is a strong support area. This indicates that the current support level is holding and may lead to a price increase , For an uptrend to be confirmed, prices need to break and stabilize above turning level at 71.82 . Successfully doing so suggests that the bullish momentum is strong enough to push prices towards the next resistance levels at 74.24 and then 76.21.
If prices fall below 71.82 and stabilize, it indicates that the support level is no longer effective, potentially leading to a decline , If prices reach 69.18 and a 4-hour or 1-hour candle closes below this level, it suggests a continuation of the downtrend. A further break and stabilization below 68.28 would confirm a sustained bearish trend, indicating further price decreases.
KEY LEVELS :
TURNING LEVEL : 71.82 .
RESISTANCE LEVELS : 74.24 , 76.21 .
SUPPORT LEVELS : 69.18 , 68.28 .
Long USOIL, short XAUUSD
It's Thursday, and today is expected to be a highly volatile day in the markets. OIL has the EIA data release, while gold will be affected by the ADP employment report and initial jobless claims data, both of which will likely have a significant impact on price movements.
Based on the already released API data, the upcoming EIA data is highly likely to be bullish for OIL. Therefore, the primary trading strategy today should focus on buying on dips. As I previously pointed out, both candlestick patterns and other indicators show clear signs of a bottom formation in oil prices. So, barring any unexpected events, today should be a day of gains.
As for gold, with two important data releases today, I expect one to be bullish and the other bearish, primarily setting the stage for Friday’s NFP report. Therefore, today's trading range is expected to widen, with resistance around the 2506-2514 zone and support in the 2468-2452 region.
From an overall perspective, short positions at higher levels offer better risk/reward potential. Hence, today's strategy should be to short first, then look for long opportunities on a pullback, and once the market rebounds, resume short positions after the upward move.
USOIL Weekly - Key Buy and Sell LevelsOn the weekly chart for USOIL , we’re observing significant levels that could dictate future price movements. The green lines mark potential buy opportunities where price might experience bullish support. Conversely, the red lines indicate critical sell zones where bearish pressure could come into play. These levels are essential for long-term trading strategies and market analysis.
Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions.
If this post generates enough engagement, I’ll provide updates and additional insights to it. Feel free to comment, share your thoughts, and follow for more comprehensive trading analysis!
USOIL / STILL CONTINUES A DOWNTREND - 4HUSOIL / 4H TIME FRAME
The overall trend is downward , until trading below turning level at 71.85 .
The significant decline in USOIL prices yesterday suggests a bearish momentum, which aligns with the observed price action falling below the critical level of 71.85. This indicates a continuation of the downward trend, making the next support level at 69.81 a logical target. If prices break this support, it would likely trigger further selling pressure, leading to declines toward 68.46 and 66.85, which are key levels of interest based on previous market behavior.
On the other hand, for a reversal to the upside, the price needs to break back above 71.85, which currently serves as a turning point. Breaching this level would signal a potential shift in market sentiment, opening the way to test the resistance at 74.24. If the price stabilizes above this resistance, it would reinforce the bullish case, paving the way for further gains toward 76.21 and eventually 77.51.
KEY LEVELS :
TURNING LEVEL : 71.85 .
RESISTANCE LEVELS : 74.24 , 76.21 , 77.51 .
SUPPORT LEVELS : 69.81 , 68.46 , 66.85 .
What I'll be looking for USOIL on next few days.The price is at a crossroads and tomorrow's data will be, as always, decisive for the decision-making that will direct the market in the coming days. I will be waiting for this most likely downward movement, but always paying attention to what the price shows at any given moment. Be careful, trade safely and stay calm. I wish you all an excellent trading week!