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Crude OIL $UKOIL Classic patternI've seen this pattern many times over the last 5 years on different instruments, and its working out to over 50% The essence of this pattern is a classic triangle with horizontal support, most of the participants realize that we will break down, but not everyone believes that we will take liquidity off the top before going down. An instrument like oil is quite trivial and it can fall without taking liquidity off the top. But I want to share a few examples of my theory working out, where the upper resistance line is broken before the drop-down Best regards EXCAVO
FX:UKOIL
by EXCAVO
8
CrudeOil Slips Amid Anticipation of Trump's Energy Policy ChangeCrude Prices Decline on Expectations of Trump's Energy Policy Shift Crude oil prices fell early Monday, driven by expectations that U.S. President-elect Donald Trump may ease restrictions on Russia's energy sector as part of a potential deal to resolve the Ukraine conflict. Brent crude dipped 0.3% to $80.54 per barrel, while West Texas Intermediate (WTI) crude slipped 0.5% to $77.53 per barrel as of the latest data. Trump, set to be inaugurated on Monday, is anticipated to announce policy changes, including lifting the moratorium on U.S. liquefied natural gas export licenses, according to a report by Reuters. USOIL Technical Analysis Crude oil remains under bearish momentum while trading below $77.94. A decline to $75.35 is expected, with further downside toward $72.75 if $75.35 is breached. Key Levels Pivot Line: $77.45 Resistance Levels: $79.00, $81.00 Support Levels: $75.35, $74.15, $72.75 Trend Outlook Bearish: While below $77.94 Bullish: Above $77.94
TVC:USOILShort
by SroshMayi
Bearish Analysis: Crude Oil (CL Futures)1️⃣ Rejected at Supply Zone: The price was strongly rejected from the $80 supply zone, where sellers clearly took control. This zone has been a key resistance level, and the recent bearish momentum confirms strong selling pressure. 2️⃣ Bearish Momentum in Play: The sharp decline from the supply zone has broken short-term supports, signaling sustained bearish movement. The next major target is the $66–$67 demand zone, where buyers may step in. 3️⃣ Technical Indicators Supporting Bears: RSI: At 54.88, the RSI suggests there’s room for further downside before reaching oversold conditions. Stochastic Oscillator: A bearish crossover between the %K and %D lines confirms increasing selling pressure, with momentum favoring a continuation of the trend. 4️⃣ Fundamentals Adding Pressure: Trump’s Energy Policy: Potential policy changes to increase domestic oil supply could create a bearish outlook for crude oil. Stronger Dollar: The strengthening USD makes oil more expensive for global buyers, further dampening demand and supporting the bearish case. 🎯 Strategy: TP1: $75 (Near-term target, close to the current price). TP2: $74.30 (Minor support, a potential bounce or pause area). TP3: $72 (A strong psychological and technical level). TP4: $67 (Major demand zone). 🔔 Note: Consider using a positive stop loss to secure gains and reduce risk. Always practice proper risk management to protect your capital and maintain consistent results.
NYMEX:CL1!Short
by ValchevFinance
WTI CRUDE OIL This pull back is the best buy opportunityWTI Crude Oil is on the pull back after a Resistance Zone (1) rejection. The Rising Support trend line is parallel to the MA50 (1d) and a 0.5 Fibonacci test would be the most effective buy entry. So far this resembles the January 29th 2024 rejection. Trading Plan: 1. Buy on the 0.5 Fib. Targets: 1. 86.50 (Resistance Zone 2). Tips: 1. The RSI (1d) also shows similarities with the Jan 29th 2024 rejection, supporting our expectation of a MA50 (1d) bounce. Please like, follow and comment!!
TVC:USOIL
by TradingBrokersView
#202503 - priceactiontds - weekly update - oilGood Evening and I hope you are well. comment: 4th consecutive bullish weekly bar but the tails above are getting bigger (weekly chart). The volume is also increasing, which could be a sign of more participants thinking it’s a good time to scale into shorts and out of longs. If there would be a run on oil because macro reason xyz, volume would have been bigger already is what I reckon. Does not matter much though, because bears need to do more before we can turn more bearish. First decent pull-back will be bought, so it will most likely be better to look for longs after a pull-back than to try and pick the top. current market cycle: trading range - on lower time frames it’s also obviously a bull trend key levels: 77 - 81 bull case: Bulls are in full control and want to break above the 2024-04 high 80.03. We are close enough to expect market to get there soon. Problem for the bulls is, this rally is parabolic and unsustainable. The last time we printed 5 consecutive bull bars on the weekly chart was mid of 2023. For now we can’t expect to see bigger bearish price action because bulls have been making money buying every small dip. Invalidation is below 76. bear case: Bears have made the first lower high which now looks like an ugly head & shoulders. I think the odds of this breaking down for a measured move to sub 72 are very low. Much more likely is that bears would exit fast on another push up and try again to keep it below 80. The current lower bull channel line runs through 75ish and it’s reasonable to expect a bigger pull-back over the next 1-2 weeks. Invalidation is above 80. short term: Bullish for 80 and then looking to short for a bigger pull-back down to the bull channel. A strong close above 80 would change my mind. medium-long term - Update from 2025-01-19: Triangle is dead and market is now in a proper trading range with upside to 80 or even 85. Trade the bull channel until it’s clearly broken again. current swing trade: None chart update: Added potential bear targets.
NYMEX:MCL1!
by priceactiontds
WTI CRUDE OIL: Buy opportunity on the 1D MA50.WTI Crude Oil is neutralizing the previously overbought 1D technical outlook (RSI = 69.520, MACD = 2.080, ADX = 64.888) as after crossing over the R1 level, it is pulling back under it. Technically this has been mirroring the March-August 2023 fractal and based on that, we should see this pull back almost reach the 1D MA50. A buy opportunity is waiting there and our target is the 1.618 Fibonacci level (TP = 86.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOIL
by InvestingScope
Crude OIL Follow the plan Oil is one of the main tools that pressure the global economy. This tool is manually controlled; I will not repeat who owns it. For the last 10 years, I have seen this pattern very often when we see a triangle that breaks down, but before it collects liquidity from above and breaks the upper resistance I talked about it in a previous post The idea is still the same; the timings are stretched longer. I intend to pick up a historical start this year, most likely at the end of the year. That's my lazy plan. The realization is more complicated because opening a position at the ideal entry point will be challenging. All shorts will be liquidated and stop out for a long time, so we will probably have to stand in the reversal formation phase for a long time. I could go on and on about politics and how it's explained to you on TV. But I don't do that. Best regards EXCAVO
FX:UKOIL
by EXCAVO
4
WTI Oil H1 | Falling to pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.07 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 75.07 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 79.87 which is a multi-swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILLong
by FXCM
USOIL: Key Levels and Trend Direction AnalysisUSOIL Analysis The price has stabilized above the pivot line and closed the daily candle above it, indicating a continuation of the bullish trend gradually toward 75.35. A retest of 72.75 is possible before pushing up again. On the other hand, a 4-hour candle closing below 72.74 would confirm a bearish trend, targeting 71.78. Key Levels: Pivot Line: 73.40 Resistance Levels: 74.40, 75.35, 76.10 Support Levels: 72.74, 71.78, 70.50 Trend outlook: Bullish: While above 72.75 Bearish: If 72.74 is broken
TVC:USOILLong
by SroshMayi
Crude Oil breaks and follows projectionAfter the long consolidation time, CL finally broke the Trend-Barrier (TB) and is now on the move to the upside. It's not stupid to aim for the 1/4 line as PTG1. But for sure I would only close a portion of the position, since the upside potential is far higher. And if you don't know how much to bank, just go with 50% of your investment. If it's going higher, you're still participating from the move. If it goes sour, you have already banked 50%. Just create a plan and follow it.
NYMEX:CL1!Long
by Tr8dingN3rd
Quick Gains from Black Gold: A Short-Term Strategy for Oil🚀 Bullish Analysis for Crude Oil: Current Price: 73.11 USD. Support: The price is bouncing off the lower trend line of our ascending channel, acting like a solid floor! 🛑 RSI: At 39.10, we're not even halfway to overbought territory, plenty of room to climb! 📈 Entry: Buy now at 73.11 USD. Take Profit Levels: 🎯 Take Profit 1: 73.60 USD 🎯 Take Profit 2: 74.25 USD 🏆 Take Profit 3: 75.00 USD Stop Loss: Set your safety net at 72.40 USD, just below our support line. 🛡 This setup is not just good, it's electrifying! With a stop loss that's a safe distance away, you're setting up for a potential win with a solid risk-reward ratio. Let's ride this wave! 🌊
TVC:USOILLong
by ValchevFinance
1
USOUSD (Oil) Key support follow up.Thanks for checking our latest update, and happy new year to all. Today, we have followed up on our last oil update. You can see this update on the link below. The main topic of the last update was a key support area. The area held, and we saw a new rally develop. Today, we have looked at that rally and asked if it's going to break the long-term downtrend or if we could see price contnue to remain rangebound. We see short-term resistance at $74.75 and short-term support at $73.20. 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.
EIGHTCAP:USOUSD
by Eightcap
WTI Oil H4 | Falling towards an overlap supportWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 72.65 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 71.20 which is a level that lies underneath a pullback support. Take profit is at 74.85 which is a multi-swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILLong
by FXCM
1
Crude oil Is Approaching ResistanceCrude oil is coming higher on 4h time frame, out of a wave B bullish triangle that we have been tracking through December. Well, we know that moves out of a triangle are final in a sequence, so we can expect limited upside, and ideally, this will cause the completion of wave E rally of a larger bearish triangle pattern. It's now approaching an important resistance at 74-75, its gap from mid-October, right at the upper side of a triangle. There is a chance for a turn soon. A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. It’s a region of horizontal price movement, a consolidation of a prior move, and it is composed of “threes.” That means each of the A-B-C-D-E waves have three subwaves. The triangle pattern is generally categorized as a continuation pattern, meaning that after the pattern completes, it’s assumed that the price will continue in the trend direction it was moving before the pattern appeared. However, triangles also indicate that the final leg is coming before a reversal and that’s why triangles are labeled in wave B, wave X or wave 4.
BLACKBULL:WTIShort
by ew-forecast
Crude Opportunity Part 2In this second part, the Crude Futures Daily chart is used. In this chart, there are marked points where the SuperTrend Buy signal is triggered and is coincided by a green Rate of VolDiv (RoVD, bottom panel). There is one on 8 October but there was no comcomitant indication and clearly it "failed". The others that fulfilled the condition are marked with a yellow time line. So clearly, the recent breakout is projected to have something similar in terms of a bullish rally. This is in line with the weekly outlook. Together with technical indicators like the RoVD, as well as the MACD where there is a clear breakout support, Crude appears to have much upside potential. However, there is no rush as it just met the trendline resistance and is expected to pull back a bit to retest and breakout again for the longer term. Overall, this looks not like a spike out of fear, but one spurred by inflation. This is in the MUST WATCH list for sure and an accumulation plan should be in place. A projected path is drawn as a guide and the target for Crude is 100-105.
NYMEX:CL1!Long
by Auguraltrader
Crude Opportunity Part 1Previously, heads up about BTCUSD and it was pretty spot-on. Oddly enough, CRUDE OIL CL1! is next. For the first part, here we look at the marked time lines, and the effect after these time lines. 5 of the last 6 times, saw a bullish rally. Of these, 4 of the 5 occasions had the Rate of VolDiv (custom indicator) trend changed for an uptick. In essence, the current weekly Crude Oil Futures CL1! show a similar set up ready for a spike and rally for Crude Oil. No fundamental reason (yet) but the technicals are projecting a billish scenario based on the technical set up. Part 2 will look more in-depth and zoom into the recent time frame... Stay tuned if you are keen...
NYMEX:CL1!Long
by Auguraltrader