Crude oil: Bearish sentiment is expectedCrude oil finally broke below the strong support level of 61 in the late trading session last week. Once this level is breached, it opens up new downside room. Crude oil remains bearish this week; if there is a rebound, we can continue to take short positions, with minor resistance around the 61.30 level.
Sell 60.50 TP 59.00 - 57.00 SL 61.3
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
Oil
WTI Crude Oil – Elliott Wave Analysis🛢️ WTI Crude Oil – Elliott Wave Analysis
Wave Structure · Smart Money · Fib Confluence · Price Action
🔎 Market Context & Overview
WTI Crude Oil remains one of the most critical and closely watched commodities in the global market. After decades of dramatic price swings driven by geopolitical events, supply shocks, and evolving demand patterns, the market now appears poised at a pivotal juncture. Combining Elliott Wave theory , Smart Money Concepts , Fibonacci retracements & extensions , and price action analysis with fundamental macro insights reveals a compelling narrative: Crude is concluding a prolonged corrective phase and preparing for a significant breakout. This analysis breaks down each wave, highlighting key technical and fundamental factors shaping the future trajectory of oil prices.
🔹 Wave 1 – Early Impulse (1970s–1985)
📉 Technicals: Formed the foundational uptrend post-oil embargo.
🧠 SMC: Accumulation following global inflation shock.
📊 Fib: Initial rally; shallow extension, not impulsive in character.
🌍 Macro: Oil embargo, inflation, and a restructuring of global energy markets gave birth to this initial move.
🔹 Wave 2 – Complex Correction (1985–1999)
🔁 Technicals: Multi-decade W-X-Y corrective pattern, fully retracing Wave 1.
🧠 SMC: Smart Money accumulation masked by long-term bearish structure.
📊 Fib : Deep correction toward 78.6%, classic for Wave 2.
🌐 Macro: OPEC instability, Gulf War, rising non-OPEC supply, and suppressed demand through globalization.
🔹 Wave 3 – Supercycle Rally (1999–2008)
🚀 Technicals: Powerful impulsive rally, achieving 1.618 Fib extension of Wave 1.
🧠 SMC: Clear Break of Structure (BoS) in early 2000s; institutions led the markup.
📊 Fib: Ideal third-wave behavior — extended and directional.
📈 Macro: China-led supercycle, supply bottlenecks, geopolitical conflict, and a commodities renaissance pushed oil to $147.27.
🔹 Wave 4 – Still In Progress (2008–2026 est.)
🔄 Technicals: Long, complex W-X-Y-X-Z or potential triangle; entering final E-leg now.
🧠 SMC: Liquidity grabs during COVID (2020) and 2022–24 highs; Smart Money sweeping both ends.
📊 Fib: Final leg projected to terminate near 0.5 retracement of Wave 3 (~$47.55).
🔍 Price Action: Distribution in 2011–14, liquidation in 2020, false rallies, and compression since 2022.
🧨 Macro: GFC aftermath, shale oversupply, COVID demand crash, ESG underinvestment. Currently driven by energy policy chaos and geopolitical rebalancing.
⏳ Wave 4 is near completion , with the final move expected to tag the 0.5 retracement before reversal.
🔹 Wave 5 – Upcoming Macro Breakout (2026–2032 est.)
⚡ Technicals: Expected impulsive breakout wave toward price discovery.
🧠 SMC: Anticipate Break of Structure (BoS) above $147 for confirmation of markup phase.
📊 Fib: Target zone between previous high ($147) and 2.618 extension (~$366.58).
🔥 Macro: Long-term underinvestment, peak cheap oil, geopolitical tension (Russia, Middle East), energy transition bottlenecks. Inflation & policy shifts will add fuel.
📍 This is the final leg of the cycle and could mirror or even exceed the explosiveness of Wave 3 due to multi-decade supply-demand imbalances.
✅ Final Summary
Crude Oil is completing its Wave 4 correctio n, expected to bottom around $47.55 — the 0.5 retracement of Wave 3 . The corrective structure is nearly exhausted, showing signs of Smart Money accumulation and multi-leg exhaustion. Once Wave 4 completes, a powerful Wave 5 is expected to begin, targeting $195–$366 , driven by macro energy scarcity, inflation, and long-term capital flow back into commodities.
This is a strategic inflection zone — where technical compression meets macro ignition.
"Master the waves, follow the smart money, and let Fibonacci guide your path to consistent trading success." — FIBCOS
#WTICrudeOil #ElliottWave #Fibonacci #SmartMoneyConcepts #WaveTheory #TechnicalAnalysis #TradingStrategy #OilTrading #CommodityAnalysis #MarketCycles #PriceAction
USOIL: Check lower levels after breaking out of the rangeThis is my previous analysis — feel free to take a look for reference.
OIL PRICE OUTLOOK
(Week of Oct 06 - 10, 2025)
1. Institutional Forecast Updates
● IEA (Sep 15, 2025):
WTI targets $64.2/bbl for 2025 and $47.8/bbl for 2026
Brent targets $68/bbl for 2025 and $51/bbl for 2026
● Goldman Sach (Jul 14, 2025):
WTI targets $63/bbl for H2 2025 and $52/bbl for 2026
Brent targets $64/bbl for H2 2025 and $56/bbl for 2026
● J.P. Morgan (May 16, 2025):
WTI targets $63/bbl for H2 2025 and $52/bbl for 2026
Brent targets $64/bbl for H2 2025 and $56/bbl for 2026
www.rigzone.com
www.reuters.com www.jpmorgan.com
2. Key Drivers & Risks
🔹 Updates on Supply–Demand and Geopolitical News
OPEC+ announced a milder-than-expected production increase of around 137 kb/d for November, leaving the oversupply outlook through 2026 largely unchanged.
Geopolitical tensions in the Red Sea / Gulf of Aden have flared up again.
U.S. inventories and weekly data: API estimated a draw of 3.7 mb (Sep 26), while recent EIA reports have shown mixed, inconsistent trends.
Market consensus: Reuters’ latest survey keeps the Brent forecast at ~$67.6/bbl for 2025, unchanged from last month, with expectations for lower prices around $60 in 2025 and further weakness into 2026.
🔹 Watchlist for Next Week
Official details on OPEC+’s November production implementation
API / EIA weekly U.S. oil data
Maritime security developments
Any notable demand-side signals
🔹 Overall View
Governments appear to favor keeping oil prices lower to support economic growth, though current levels are near or below breakeven for many producers.
Oil prices are expected to gradually decline within a relatively narrow range of $70–$50, while potential supply–demand shocks remain key factors to monitor for any sharp volatility.
3. Technical Analysis
* Trend: assessed using at least three trend indicators, with market structure as the primary guide.
** Weak or Reversal Signals: Assessed based on one of our criteria for trend reversal signals.
*** Support/Resistance: Selected from multiple factors – static (Swing High, Swing Low, etc.), dynamic (EMA, MA, etc.), psychological (Fibonacci, RSI, etc.) – and determined based on the trader’s discretion.
**** Our advice takes into account all factors, including both fundamental and technical analysis. It is not intended as a profit target. We hope it can serve as a reference to help you trade more effectively. This advice is for informational purposes only and we assume no responsibility for any trading results based on it.
Please like and comment below to support our traders. Your reactions will motivate us to do more analysis in the future 🙏✨
George Vann @ ZuperView
XTI/USD Chart Analysis: Oil Price Falls Below $60XTI/USD Chart Analysis: Oil Price Falls Below $60
Friday’s comments from President Trump about the potential introduction of 100% tariffs on trade with China pushed WTI crude oil below the $60 level for the first time in four months. The bearish sentiment stemmed from fears of a global economic slowdown amid escalating trade tensions between the world’s two largest economies.
The decline was further supported by news of peace efforts in the Middle East, which reduced the impact of geopolitical risk on oil prices.
As the XTI/USD chart shows, WTI is currently trading below $60. How might the situation unfold next?
Technical Analysis of the XTI/USD Chart
In the long-term view, oil price movements (following the flare-up in the Middle East in June) have formed a descending channel shown in red — notably, the current price has fallen below its lower boundary.
In the shorter term, we can observe an acceleration of the decline, emphasised by the purple trajectory lines.
These observations suggest that selling pressure remains dominant, while any recovery attempts are likely to meet resistance near:
→ the psychological level of $60;
→ the lower boundary of the red channel;
→ the purple median line.
Given that the White House is reportedly in favour of lower oil prices (as a means of stimulating the US economy and exerting pressure on geopolitical rivals), WTI crude could drift towards the year’s low around $55.
However, from the demand-side perspective, it cannot be ruled out that the oil market, known for its false breakouts above previous highs (A, B, C), may repeat a similar move above peak D — a pattern that, in Smart Money Concept terms, would represent a liquidity grab.
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.
Hellena | Oil (4H): SHORT to support area of 58.884Colleagues, it appears that the downward movement is not over and I see several reasons to continue to look short.
The higher order wave “C” is looking to complete the correction and I expect the start of the middle order wave “3” to see the low update and reach the support area at 58.884.
Fundamental context
Oil remains under pressure as supply increases and demand outlook weakens. OPEC+ decided to slightly raise output for November, while U.S. inventories keep growing. Crude lost about 8% last week, and EIA now expects lower prices by the end of the year — all of which supports the idea of a continued downside move within wave “3” toward the 58.884 support area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Usoil - Retracement to FVG Before Bullish ContinationMarket Structure & Key Levels
Resistance Zone: Price reacted from this supply area, showing short-term rejection after BOS (Break of Structure) to the upside.
FVG (Fair Value Gap): Price is expected to retrace into this imbalance zone for demand before resuming higher. Watch for bullish price action here.
Weak Low: If price breaks this low, the bullish scenario becomes invalid and deeper downside may follow.
Structure Highlights:
BOS (Break of Structure): Several BOS points confirm previous bearish trend and recent short-term bullish correction.
CHoCH (Change of Character): Marked at the base of reversal near FVG zone, indicating possible trend shift.
EMA Confluence: Price hovering around short EMAs, showing possible slowdown and setup for a pullback.
Trade Scenario
Expected Move:
Price could retrace to the FVG zone (imbalance fill) before a bounce.
From there, bullish momentum may resume toward the target zone above resistance.
Bullish Confirmation:
Look for price to tap into the FVG, form bullish structure (e.g., BOS, CHoCH), and engulfing patterns or lower-timeframe entries.
Target would be near recent highs or break above resistance at ~$59.90–60.00.
Invalidation:
Break below the Weak Low would invalidate this bullish setup and open room for further downside.
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Can USOIL Break Higher? SMA Breach & Target at $68🛢️ USOIL Energy Market | Cash Flow Management Strategy (Swing/Day Trade)
📌 Trading Plan:
👉 Bias: Bullish (pending order setup)
👉 Confirmation: When Simple Moving Average (SMA) is breached by buyers, trend confirmation is valid.
👉 Entry Style: Layered buy-limit entries after breakout confirmation (Thief Strategy 🕵️♂️ = multi-layer entry).
📥 Layered Buy Limit Orders (example setup):
64.00 ✅
64.50 ✅
65.00 ✅
65.50 ✅
(You can increase the number of layered entries based on your own style — flexibility is the thief’s edge!)
⚠️ Important: Buy-limit layers are only valid AFTER breakout confirmation. Do not jump in without confirmation.
🎯 Risk Management (SL & TP):
📌 Stop Loss (Protective Level)
Example stop placement: 63.50
(🔑 Note: This is my style. Manage risk in your own way — never copy-paste without adapting!).
📌 Target Zone
Projected resistance near 68.00, aligned with:
Weighted Moving Average (WMA) resistance
Overbought conditions
Possible “trap” zone ⚠️
💡 Best approach: Secure profits step by step. Escape once the target region is approached.
📢 Note for Traders (Thief OG’s):
I’m not recommending only my SL or my TP. This is just a framework. You’re responsible for your own money management, profits, and exits. Trade at your own risk, and take the bag when you feel it’s right. 💰
🔗 Correlation & Related Pairs to Watch:
Energy markets are heavily correlated across multiple assets:
🛢️ TVC:USOIL / BLACKBULL:WTI – Main setup
🛢️ BLACKBULL:BRENT – Moves in sync with USOIL, watch for confirmation
💵 TVC:DXY – Stronger USD often pressures crude oil prices
💹 AMEX:XLE (Energy Sector ETF) – Tracks US energy stocks, gives indirect flow confirmation
🪙 FX:NGAS – Energy sector cousin, can sometimes give early signals of demand shifts
Keep an eye on these related pairs/assets for flow confirmation and stronger conviction.
🧾 Key Points Recap:
✔️ SMA breach = buyers’ control confirmed
✔️ Layered entries (Thief Strategy 🕵️♂️)
✔️ Stop loss = personal choice (mine @63.50)
✔️ Target = 68.00 escape zone
✔️ Risk & reward = your own responsibility
✔️ Watch related assets for confirmation
✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!”
#USOIL #WTI #CrudeOil #EnergyMarkets #SwingTrade #DayTrade #TradingStrategy #PriceAction #ThiefStrategy #LayeredEntries #XLE #BRENT #DXY #NGAS
WTI Oil Shorting Opportunity | Technical + Macro Confirm📌 WTI CRUDE OIL | Money-Making Thief Plan 🛢️ (Swing/Day Trade)
🗡️ Thief Strategy Plan (Bearish Bias)
Plan: Bearish setup confirmed — sellers in control after MA rejection of bulls 📉
Entry (Layered Style):
63.000 🔪
62.500 🔪
62.000 🔪
61.500 🔪
(You may increase or adjust layers based on your own plan)
Stop Loss (Thief SL): @64.000 ❌
⚠️ Adjust SL according to your risk & strategy
Target (Thief TP): Key resistance zone + overbought trap @4.6700 🎯
Note: Dear Ladies & Gentlemen (Thief OG’s) — I don’t recommend locking only my TP. Take your profits wisely & manage risk responsibly. 💰
❓ Why This Plan?
Moving average rejection confirms sellers’ dominance ⚔️
Technical indicators showing strong sell bias 📉
Layered entry strategy helps in catching moves efficiently 🎯
Oversupply risk + weak demand = bearish fuel 🔥
Retail & institutions both leaning short-side heavy 🐻
🔍 Market Analysis (Technical + Fundamental + Macro + Sentiment)
📊 Real-Time Price Action - Sep 05
Daily Change: -1.03%
Monthly Change: -2.84%
Yearly Change: -8.44%
😊 Retail & Institutional Sentiment
Retail Traders: 35% 🐂 | 55% 🐻 | 10% 😐
Institutional Traders: 30% 🐂 | 60% 🐻 | 10% 😐
🌡️ Fear & Greed Index
Current: 25/100 — Fear 😟
Mood: Cautious, driven by oversupply fears + weak demand
⚒️ Fundamental Score: 40/100 (Bearish)
U.S. crude inventories unexpectedly +2.42M vs. -2.19M expected 📈
OPEC+ considering production increase 🌍
Weak China demand signals 📉
🌐 Macro Score: 35/100 (Bearish)
Fed rate cut expectations (25bp likely in September) 💸
Global slowdown fears 🌎 (Europe + Asia weak data)
Geopolitical risks (Russia-Ukraine) limited impact 🚨
🏁 Overall Market Outlook: Bearish (Short Bias) 🐻
Declining prices + rising inventories + OPEC+ supply hike risk
Technicals = Strong Sell (daily/weekly)
Sentiment favors sellers across the board
🔮 Key Takeaway
WTI/USOIL remains heavy under supply pressure + demand weakness.
Market sentiment is fearful, with both retail & institutions leaning short.
⚡ Keep eyes on U.S. jobs data + OPEC+ decisions for any trend shifts.
📌RELATED PAIRS TO WATCH
BRENT CRUDE ( TVC:UKOIL ): $66.42 (-1.8% daily)
NATURAL GAS ( FX:NGAS ): $2.84 (-0.7% daily)
ENERGY ETFS: XLE, USO, UCO
OANDA:CADJPY : Oil-correlated currency pair
ENERGY STOCKS: NYSE:XOM , NYSE:CVX , NYSE:COP , NYSE:SLB
✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!”
#USOIL #WTI #CrudeOil #ThiefTrader #EnergyMarkets #Commodities #OPEC #SwingTrade #DayTrade #OilAnalysis
USOIL LONG FROM SUPPORT
USOIL SIGNAL
Trade Direction: long
Entry Level: 58.26
Target Level: 60.45
Stop Loss: 56.80
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
THE FALL OR REST OF THE METAL-XAUUSDThe Prime minister of the market, GOLD has proven over the past weeks of ITs "SAFE HAVEN STATUS"
The shutdown in USA economy an added advantage as investors reroute the money into the metal creating multiple ALL TIME HIGHS (ATH) historically
However despite this impressive rise, a dumb, retracement or entirely change in trend is likely on the map technically,
The new week would sweep the early sellers and their SL before the fall my bias.
WTI with bearish momentum dominatingDue to a larger-than-expected increase in crude oil inventories, WTI prices fell. From the daily chart perspective, oil prices have broken below the lower edge of the trading range, and the medium-term objective trend is downward. Currently, oil prices are fluctuating near the lower edge of this range. The fast and slow lines of the MACD indicator are below the zero line, with bearish momentum dominating. It is expected that the probability of oil prices moving in an oscillating downward pattern in the medium term is relatively high.
Sell 60 - 60.2 TP 59 - 59.5 SL 60.5
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
OIL Set for another bounce - 65 Target in Play📊 NFX GBEBROKERS:USOIL Chart Update
Fresh setup spotted:
Price tapped into demand zone and bounced cleanly.
Bullish RSI divergence confirmed → momentum shift to the upside.
Eyeing the supply zone above as the next key test.
🎯 Bias:
As long as demand holds, I’m favoring longs into supply.
Break below demand = setup invalidated.
Stay disciplined - this is a textbook demand-to-supply play.
Oil Market: Bearish to neutral — potential for a rebound if $6,0Oil Market: Bearish to neutral — potential for a rebound if $6,000 holds
Crude and gasoline prices fell on Oct. 9 as market sentiment shifted amid rising supply expectations.
OPEC+ agreed to raise output by 137,000 bpd starting November, well below expectations of a 500,000 bpd hike. The group continues to unwind earlier cuts, aiming to restore 1.66 million bpd of production by year-end. OPEC’s September output rose 400,000 bpd to 29.05 million bpd, a 2.5-year high.
On Oct. 10 supply concerns eased after Israel accepted a U.S.-brokered cease-fire deal in Gaza, reducing geopolitical risk premiums. Still, new U.S. sanctions on Iran—targeting over 50 entities linked to oil and LPG trade—helped limit further losses.
Russian supply disruptions remain a supportive factor after drone attacks forced shutdowns at key refineries, while floating storage volumes fell 7% week-on-week to 82.8 million barrels, signaling tighter near-term supply.
Meanwhile, Iraq’s plan to resume Kurdish exports (up to 500,000 bpd) could weigh on prices, offsetting some of the geopolitical support.
EIA data showed U.S. crude inventories 4.5% below the 5-year average, with production up 0.9% w/w to 13.63 million bpd, near record highs. Active U.S. oil rigs slipped by two to 422, just above the four-year low.
Outlook:
Crude oil continues to display a bearish short-term structure, extending its recent downtrend after failing to sustain above the $6,300–$6,350 resistance zone. The price has now revisited the local support area around $6,050–$6,000, which has acted as a key pivot level in recent sessions.
ANZ Research expects near-term downside risks amid higher OPEC+ supply and weaker refinery demand, though low stockpiles outside China may cushion prices into 2026.
A clean rebound from $6,000 could trigger a short-covering move toward $6,200–$6,300.
USOIL: Price breaks out of sideways – sell on pullbackTo better understand my current outlook on USOIL, please refer to my previous higher-timeframe and fundamental analyses.
This could be a position trade in anticipation of a larger downtrend on the daily timeframe, but there's risk involved due to the upcoming Non-Farm Payrolls (NFP) report this Friday.
* Trend: assessed using at least three trend indicators, with market structure as the primary guide.
** Weak or Reversal Signals: Assessed based on one of our criteria for trend reversal signals.
*** Support/Resistance: Selected from multiple factors – static (Swing High, Swing Low, etc.), dynamic (EMA, MA, etc.), psychological (Fibonacci, RSI, etc.) – and determined based on the trader’s discretion.
**** Our advice takes into account all factors, including both fundamental and technical analysis. It is not intended as a profit target. We hope it can serve as a reference to help you trade more effectively. This advice is for informational purposes only and we assume no responsibility for any trading results based on it.
Please like and comment below to support our traders. Your reactions will motivate us to do more analysis in the future 🙏✨
George Vann @ ZuperView
CRUDE OIL REBOUND AHEAD|LONG|
✅WTI OIL has tapped into the demand level after a sharp decline, showing signs of accumulation. A reaction from this discount area could drive price higher toward 61.10$, where liquidity above minor highs is resting. Time Frame 2H.
LONG🚀
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USOIL H4 | Bearish Drop OffUSOIL is reacting off the sell entry, which is a pullback resistance and could drop from this level to the downside.
Sell entry is at 61.50, which is a pullback resistance.
Stop loss is at 62.71, which is a pullback resistance.
Take profit is at 59.16, which lines up with the 161.8% Fibonacci extension.
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 (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% 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 (tradu.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 Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USOIL – Buy SetupTimeframe: H1
Current price: 62.40 USD/barrel
Trade idea:
Buy USOIL 62.30–62.40
🎯 Target: 63.90
🛑 Stop loss: 61.74
📈 R:R ≈ 1:3
Technical basis:
Price retested the breakout trendline and held above SMA89 (bullish confirmation).
Strong rebound from Fib 0.236 zone (62.28).
Momentum building toward 63.9 resistance area.
Comment:
Short-term rebound expected after correction. Maintain buy bias while price >61.8.
USOIL H4 | Bullish Reversal at Key SupportBased on the H4 chart analysis, we can see that the price has bounced off the buy entry, which is an overlap support that aligns with the 38.2% Fibonacci retracement and could rise from this level to the upside.
Buy entry is at 61.60, which is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 60.22, whic is a swing low support.
Take profit is at 63.69, which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement.
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 (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% 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 (tradu.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 Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.






















