USOIL Sell IdeaUSOIL Sell IDEA:
Selling USOIL with RR 1:2 on the basis of Divergence and bearish trend
USOILSPOT trade ideas
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 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.)
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.
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
USOIL MARKET ANALYSIS AN DPRICE DIRECTIONUSOIL, has finished Renegotiation at the Rejection zone, there is a reorder already. The market is at the at the 61:8% discount price. Its a perfect entry for the Bulls. The price may retrace little and continue on the Long Journey. First Take profit is at the Trend Line Liquidity and second Take Profit is at The Renegotiation Resistance to clear off the Buyside Liquidity.
Entry, Take profit 1 and 2 , stop loss are clearly stated on the Chat.
GOOD LUCK GUYS!
grandpa Trump will drop the oilThe president-elect's support for U.S. oil is the first point.
Secondly, the world economy is not in the best condition, which affects demand.
Consequently, supply is growing and demand is sagging.
Buy opportunityBuy Signal:
Entry: Around $67.94 (current level) if bullish confirmation is observed, such as a strong candlestick reversal or increased volume near the support zone.
Target: $77.36 as the first target and $80.09 as the second target.
Stop-Loss: Below the support zone at $64.50 to minimize risk.
Risk/Reward Ratio:
Risk: ~$3.44 (entry at $67.94, stop-loss at $64.50).
Reward: ~$12.12 (target at $80.09).
Usoil 2HVery simple and without any additional explanation, this purchase deal has a reasonable risk reward and the probability of winning this deal is over 80%!
Oil prices rebound on expectations of Chinese economic stimulus
Oil prices rebounded as Chinese authorities demonstrated their strong will to stimulate the economy. Chinese authorities announced that they will continue to respond to the economy with a more active fiscal policy, focusing on expanding domestic demand and stimulating consumption. Meanwhile, Aramco announced it would cut its OSP for Asian refineries to 90 cents lower per barrel. This is the lowest since Jan 2021, when global demand was weak due to the pandemic.
USOIL briefly broke below the support at 67.60 but rebounded, compensating some of the decline. However, the price stays within the downward channel, maintaining bearish momentum. If USOIL breaks below 67.60 again and the channel’s lower bound, the price may fall further to 64.80. Conversely, if USOIL breaches above EMA78 and the channel’s upper bound, the price could gain upward momentum toward the 70.00 threshold.
A case for oil to rise/rally. Xmas period + world turmoil
I took a position in USOUSD a couple of days ago on Friday, I felt it reasonable that oil was undervalued & with more money starting to flow back to households with reduced interest rates worldwide, albeit Australia and soon to become a 'banana republic' as it was supposed to become a a couple of decades ago.
So, oil I tip may be breaking out and if you take a position in USOUSD as I have, well you might be keen to know that if price plays out for USOUSD as I think it will because of the bullish head n shoulders on the daily chart, forget the 15m chart HnS's pattern because this is on the Daily and its a mammoth pattern that if triggered very soon as I think it will later in the week, take price up to 90+ in a heartbeat.
Take a look at the chart Daily. The bullish story is there including a strong Bottom 3 pattern which price is launching from currently.
Below, 15 minute chart USOUSD showing price-action bouncing off the triple bottom acting as strong support, price is keen to move upwards in the next pattern. H&S's pattern will nudge price to 90+ possibly by end of next week.
USOIL Short Plan For Coming DaysMonthly Candle Close below Previous Candle and Sweep Previous Candle High, So I am Looking Bearish Trend for USOIL, Here is my Short Plan, If You Following Then Follow with Risk Management.
Crude oil struggles onCrude oil is a touch firmer this morning. This has lifted front-month WTI back to where it started a week ago. Overall, last week split cleanly into a positive first half which saw WTI briefly break above $70 a barrel, and a dismal second half which saw it drop back to $67. In between there was a delayed OPEC+ meeting and the ousting of Assad from Syria. The former saw the cartel extend its production cuts until April next year, as expected. This is helping to put a floor under crude prices, and should continue to do so. Front-month WTI has generally found some support around $66.50 since October, while the low of $65 has held since May 2023. At the same time, there has been a succession of lower highs since September 2023. Prices have come under continued downward pressure thanks to plentiful supply, and weakening demand. China’s economic slowdown following its property crisis must take the blame for the latter, although demand across Asia as a whole is down significantly this year. Perhaps equity investors should take more notice of lower oil prices, and consider what these prices are telling them about the economic outlook
Market Analysis: WTI Crude Oil Faces Continued StrugglesMarket Analysis: WTI Crude Oil Faces Continued Struggles
Crude oil is showing bearish signs and might decline below $66.80.
Important Takeaways for Oil Price Analysis Today
- Crude oil prices failed to clear the $70.00 region and started a fresh decline.
- There is a connecting bearish trend line forming with resistance at $67.50 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to clear the $70.00 resistance zone against the US Dollar. The price started a fresh decline below the $68.80 support.
The price even dipped below the $67.80 level and the 50-hour simple moving average. The bulls are now active near the $66.80 level. A low was formed at $66.78 and the price is now consolidating losses. If there is a fresh increase, it could face resistance near the 23.6% Fib retracement level of the downward move from the $70.10 swing high to the $66.78 low.
There is also a connecting bearish trend line forming with resistance at $67.50. The first major resistance is near the $67.80 level, above which the price could rise and test the 61.8% Fib retracement level of the downward move from the $70.10 swing high to the $66.78 low at $68.80.
Any more gains might send the price toward the $69.60 level. Conversely, the price might continue to move down and revisit the $66.80 support. The next major support on the WTI crude oil chart is $66.00.
If there is a downside break, the price might decline toward $63.50. Any more losses may perhaps open the doors for a move toward the $61.20 support zone.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
WTI recovered slightly, the outlook tilted to the downsideWTI TVC:USOIL increased slightly in the Asian trading session on Monday (December 9), trading around 67.50 USD/barrel. Oil prices fell sharply last Friday, closing near their lowest level, mainly due to expected declines in global demand.
However, expectations that the Federal Reserve will cut interest rates in December increased following the release of US nonfarm data. According to CME Group's FedWatch, federal funds rate futures trading points to the possibility of a 25 basis point rate cut by the Federal Reserve. point in December was nearly 90%, which will provide some support for oil prices.
Currently, uncertainty about the geopolitical situation increased again at the weekend, making the medium-term recovery of oil prices still not optimistic. In the short term, crude oil traders need to continue to observe whether the pressure brought about by the geopolitical situation on the supply side will support oil prices to continue to recover. Essentially, this week will continue to focus on changes in inventory data and whether demand-side pressures ease. This week, the financial market in general and the crude oil and WTI crude oil trading market in particular will focus on US CPI data.
On the daily chart, WTI TVC:USOIL although it recovered slightly in the opening Asian trading session today (December 9), it still has all the technical factors supporting bearish expectations.
With the long-term trend being noticed by the price channel followed by the short-term price channel, it has both a long-term and short-term trend of decreasing prices. On the other hand, WTI crude oil is also under main pressure from EMA21 along with the 0.236% Fibonacci retracement level.
In the short term, if WTI crude oil is sold below 65.28USD, there will be a prospect for a new downtrend to open, and the technical point of 68.34USD is the closest resistance currently.
The relative strength index also maintained price activity below the 50 level, which should be considered a negative signal for WTI crude oil technically.
During the day, the technical outlook for WTI crude oil on the daily chart leans bearish with notable points listed below.
Support: 66.44 – 65.28USD
Resistance: 68.34 – 69.51USD
WTI Outlook: Awaiting 1D PP ConfirmationHello,
BLACKBULL:WTI is likely to experience further downside unless we receive confirmation from the 1D PP indicating an upward shift. Given the current situation, if this confirmation occurs, we can expect a gradual rise.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
USOUSD (OIL), key support remains in play Thanks for checking our latest update. Today we are looking at oil on its daily chart.
The key questions we are asking today from a technical perspective are: Will we see key support continue to hold, and will the rough looking ending diagonal pattern confirm, setting off a new rally? Or could sellers finally break the discussed key support area, setting off a new leg lower?
Key support: $67 - $66.50.
As always, traders must remain vigilant and stay abreast of the latest updates from OPEC and geopolitical influences, as these factors can significantly impact the market.
Good trading from Eightcap.
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! 😊
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.
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WISH YOU ALL LUCK
RANGING MARKET BUY SETUPCrude oil is currently ranging between two key levels. The problem is that there is no sign of price action rebounding, and it looks like a falling knife. However, this is a perfect zone for a reaction. Aggressive traders can open a small position from here. Personally, I will wait a little to see the start of bullish momentum first. Don't forget about the large spreads when the market opens. $71 looks like a perfect TP target. Let's see.
OIL -Bearish to $60 or Even below $55Oil is expected to fall to the levels of $60.
Break below the levels of 60 can trigger the movement towards $53.
Crude ShortI am expecting liquidity sweep below 60$ for one final bearish move before crude sets on path to record highs.
