SPOTCRUDE trade ideas
USOIL | 4H | SWING TRADING Good morning, dear friends
Due to high demand, I’ve prepared a USOIL analysis for you. My target level is set at 63.600.
Once my target is reached, I’ll be sharing updates under this post.
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Oil on high time frame
"Regarding WTI oil, the price trend on high time frames is bearish, especially on the daily chart. After completing its pullback on the 4-hour chart, there are indications of further downside potential.
The market's volatility may be influenced by geopolitical tensions and political factors between Iran and the USA, as well as tariff issues. Despite these fluctuations, candle formations suggest the potential for prices to drop towards the $58 zone."
If you require more assistance or have any specific questions, feel free to ask!
Trend is Your friend Took 2 years to understand the above . I kept thinking I knew when the reversals happen and lost over 200k in the process. Still love to trade and one day it will come back even that I know 2 things will make your successful in this game
1 # most important RISK MANAGEMENT
2 # Trend is your friend stick to higer timeframes stop the 1 and 5min charts
3 # Fibonacci is king
4 # trendines and S/R Matter wait for retest
5 # chart patterns is a must for reversal wait for W OR M then Fibonacci it
Anyhow you get told all these things as a newbie but takes time to get it through your thick skull not saying I have mastered it .
Lastly to all newbies stay away from NATGAS she will either make you or most likely destroy. Forget indicators !
Anyhow else love to trade like me
USOIL Opening Trends and Trading Strategies Next WeekTrend Analysis
As shown in the chart, in the 1 - hour time frame, USOIL is moving within an upward - trending channel 📈. This channel is defined by two trendlines, and the price is fluctuating upwards within it. Although there have been pullback trends during this period, the overall trend remains upward. This indicates that in the short term, the bullish forces are relatively dominant, driving the price to gradually climb 📈. However, the frequent price fluctuations also reflect a certain degree of game - playing between the bulls and bears in the market 🤺.
⚡⚡⚡ USOIL ⚡⚡⚡
🚀 Buy@61.5 - 62.0
🚀 TP 63.5 - 65.0
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟
USOIL Crab Harmonic PatternThe potential for an increase in oil prices is on the horizon, especially as buyers seem to be showing interest at the golden Fibonacci level of 60.7 USD, which aligns with harmonic patterns resembling a crab.
This fascinating interplay between market psychology and technical analysis highlights how traders often react to specific price levels.
As we observe these developments, it’s essential to keep an eye on market trends and the underlying factors influencing oil prices.
WTI OIL Oversold rebound at the bottom of 7-month Channel Down.WTI Oil (USOIL) hit last week the bottom (Lower Lows trend-line) of the 7-month Channel Down while its 1D RSI turned oversold (<30.00), the lowest it's been since March 2020 and the COVID crash.
Naturally, the price rebounded but still hasn't even tested the 1D MA50 (blue trend-line), which indicates that it remains a strong medium-term buy opportunity. With the previous Lower Low almost reaching the 0.786 Fibonacci retracement level, we expect to see at least $72.50 in the medium-term.
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Shorting the USOIL Looking at the longer trajectory of the Oil chart, I am not too bullish and optimistic about its future.
Weekly chart reveals it is still trending down in the channel with mid Jan this year giving the bulls a false hope only to falls further south. I expect the price to slightly moves up to the resistance level (OR higher to create a bull trap) at 66.08 before it comes down again. My profit target is around 51.54.
The risk/reward ratio looks good to me. Always have a STOP LOSS no matter how confident you think you are in your charting. IT is still based on probability from historical patterns and it may or may not repeats itself........Nothing is 100% certain in today's volatile market.
Please DYODD
Heading into 61.8% Fibonacci resistance?WTI Oil (XTI/USD) is risng towards the pivot which has been identified as a pullback resistance and could reverse to the 1st suport which acts as a pullback support.
Pivot: 65.64
1st Support: 57.71
1st Resistance: 71.18
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Disclaimer:
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"US Oil Spot / WTI" Energy Market Heist Plan (Scalping/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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however I advise to Place buy limit orders within a 15 or 30 minute timeframe nearest or swing low or high level for pullback entries.
Stop Loss 🛑:
📍 Thief SL placed at the recent/swing low level Using the 3H timeframe (60.50) Day/Scalping trade basis.
📍 SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
🏴☠️Target 🎯: 68.70
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As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
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CRUDE OIL Move Down Ahead! Sell!
Hello,Traders!
USOIL was making a
Bullish correction but
It is in the downtrend
Overall, so as the price
Is hovering beneath the
Horizontal resistance
Of 64.80$ from where
We will be expecting a
Local bearish correction
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
#USOIL 4HUSOIL (4H Timeframe) Analysis
Market Structure:
The chart is forming a classic Head and Shoulders pattern, which often signals a potential reversal from an uptrend to a downtrend. The left shoulder, head, and right shoulder are clearly visible, and the neckline is an important support zone to monitor.
Forecast:
A sell opportunity may be considered if the price breaks and closes below the neckline with confirmation. This breakdown could indicate the start of a bearish trend continuation.
Key Levels to Watch:
- Entry Zone: Look for a sell setup once the neckline is broken and retested as resistance.
- Risk Management:
- Stop Loss: Positioned above the right shoulder to minimize risk.
- Take Profit: Target nearby support zones or use a measured move technique based on the pattern's height.
Market Sentiment:
As long as the neckline holds and the breakdown is confirmed, bearish momentum is likely. A failure to break below the neckline would delay or invalidate the selling setup.
USOIL: Bearish Forecast & Outlook
The recent price action on the USOIL pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Is this still the ‘Top Trade’ of 2025? (WTI crude oil)It’s not a big secret actually- I’m talking about crude oil!
In the final week of 2024, the team and I highlighted two versions of the WTI crude oil weekly chart and asked ‘is this the top trade of 2024?’
Version 1 has already happened, WTI crude hit $55 per barrel, the downside objective of the smaller triangle pattern on the chart.
Version 2 showed a much larger triangle pattern (which we show again this week) and had a downside target of nearly $30! It would take a lot of conviction to ride the price that far down, but could crude oil still move a lot lower this year?
What’s interesting is that this is still one of the ‘less talked about’ situations in the market today because of the huge volatility seen in both stocks, forex and fixed income.
And I like that nobody’st talking about it - because you don’t want everyone in on it - that means the move could already be over.
Crude oil hit a five-year low. That’s meaningful.
Strong markets don’t hit 5-year lows, weak markets do. And we like to sell weak markets.
Of course, ‘oversold markets’ hit 5-year lows too - and that largely explains the ‘bottom feeders’ who bought WTI crude oil at $55.
Downside volatility got extreme owing to Trump’s tariffs and mean-reversion helped it rebound on news of the 90-day pause, much like stock markets.
I am completely open to the idea that $55 is a multi-year low and essentially marked the bottom. The huge Hammer reversal candlestick pattern adds weight to that idea.
But with the price having hit $65 last week, buying the lows is yesterday’s trade. What do we do today?
We will be looking to do what we said in Week 53 of 2024 in case crude oil turns out to be the ‘top trade of 2025’ as we imagined.
By the way, Brent crude oil has a very similar setup so this is not a ‘US oil’ thing.
There are two parts to trading ‘planning the trade, and trading the plan’.
There isn’t much use in making a plan, and not taking the trade.
There are always reasons not to take a trade- but if it’s a ‘good trade’ that fits the rules of your trading strategy, then those reasons are usually just ‘noise’.
WTI Crude (USO/USD)
Long term chart (weekly)
Trend: Down
Phase: Re-test of breakdown
Resistance = $70
Support = $55
Price action: Price has broken down, rebounded and is now testing the breakdown level, while under the 30-week moving average. Should the price break back over the broken long term rising trendline then we know the idea, or at least the timing on the idea is not right.
View: Bearish while under broken up-sloping long term support
Bullish on USOILAs the chart shows, in the 1 - hour timeframe, USOIL is in an upward - trending channel 📈. The price fluctuates upwards between two trendlines. Despite pullbacks, the uptrend persists, suggesting short - term bullish dominance. Still, the frequent swings reveal ongoing bull - bear market battles.📈
⚡⚡⚡ USOIL ⚡⚡⚡
🚀 Buy@61.5 - 62.0
🚀 TP 63.5 - 65.0
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟
USOILUSOIL price is near the support zone 62.10-60.89. If the price cannot break through 60.89, it is expected that in the short term there is a chance that the price will rebound. Consider buying in the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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