USOILWe give attention to the highlighted area any price action we sell or buy. And moves the stop loss to the entry after 50 pips and close half tradeby hindaljasser1
Oil bullish arguments outweigh bearish to start the week offBullish because red channel breakout with kickback. Bearish because green channel breakdown with purple channel head and shoulders. Good chance it goes up to ~81 to retest neckline before going down to 75 h&s price objective, possibly 70 major uptrend support, or just goes up period. Bullish bias to start the week, need more data beyond that. Longby Skipper864
USOIL is approaching the uptrendHey Traders, in the coming week we are monitoring USOIL for a buying opportunity around 78.70 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 78.70 support and resistance area. Trade safe, Joe.Longby JoeChampion4
A must-read for trading oil If you are a friend who likes to trade oil, you can do a rebound at 77.5-77.8. Combined with the trend channel, oil will rebound to a certain extent after falling. For ultra-short-term trading, you can also buy to earn the difference. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner!Longby AA_JackUpdated 8
Sell oil. A must read if trading oil. In terms of oil, after the news of substantial persistence came to light. Oil prices have been trending downward. This is true in the medium term and also in the short term. Currently, the top of 79 serves as a pressure position and is a good selling point. The small-level target below is around the price of 77.5. Operations are still focused on selling. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner! Shortby AA_JackUpdated 4
USOILUsoil is currently at a 50/50 level where we both have the bullish and bearish scenario in play for now we wait for confirmation by Showboi-fx115
Daytrading does not workquote larry williams: "daytrading is just price price momentum." there is not a strategy that works all the time, especially the fancy looking ones like ICT buying in a "value area" are very frustrating to trade. WHY not simply buy and sell levels that every algorithm sees and trades? prior day true range (from open to close) has usually a good 50% level where you can buy on the following day with target prior days high. or short if prior day was a down day It really does not matter if price touches the prior days 50% levels 4,5,6 times just get in with a fixed stop and target your 3-4 times reward vs risk exit zone. Just get in realy with 15 min bar confirming the reversal at the desired level. Works also on nasdaq (also use the half of the day before yesterdays range as level)by responsibletrad8r2
usoil mmxm from my analysis i see the market bouncing from a monthly ifvg as internal range liquidity to externalLongby smunyao612
USOILSPOT USOIL | WTI Light Sweet Crude Oil Future SPOT 1HUSOILSPOT USOIL | WTI Light Sweet Crude Oil Future SPOT lONG EVERYTHING IN THE CHARTLongby ashkar.stars51
USOIL: The pullback provides a buying opportunity, Buy@78.3Crude oil began to rise sharply yesterday as geopolitical conflicts intensified and the situation in the Middle East became tense again. Both API and EIA reserves are negative this week, which is another good signal for crude oil. The upside of gold continues to expand with the support of data and geopolitical conflicts. At present, MACD is in the positive zone, and the overall momentum is dominated by multiple parties. There is a greater opportunity to follow the trend and be bullish. The trading volume below is inactive in the short term, and the market's bearish sentiment is sluggish. There is a high probability that bulls will launch another attack after the adjustment. Combining multiple aspects, I think the current callback is a good opportunity to buy directly near 78.3 and set 3 TPs, respectively 79/79.5/80Longby Get-rich-signalUpdated 8
USOIL Short-Term Outlook: Why We're BearishWe're looking at the USOIL market and our analysis shows signs of a short-term downtrend. Here's why: COT Reports: The latest Commitment of Traders (COT) reports reveal that the behavior of participants labeled as "Commercials" is most characteristic of a bear market. CFD Market Positioning: Oil traders in the CFD market are shifting their positions, with most now long. This could trigger a wave of stop-losses, further pushing prices down. Options Analysis: Real options portfolios on the CME exchange suggest that strategies like Bear Put Spreads are gaining popularity. These portfolios are targeting a price of around $70 per barrel. Taking these factors into account, we believe the short-term outlook for USOIL is bearish. What do you think of the market? Share your thoughts in the comments!Shortby ClashChartsTeam224
WTI SETTING UP FOR BULLSPrice bounced twice on the trend support, forming a W pattern on both DAILY and 4H. Look for good entries around the 80. levelLongby Justin-fx3
WTI long D bullish pin bar 4H inside barWTI long D bullish pin bar 4H inside bar (Red, Orange & Green ) inside bar bullish fakeouts keeping stop trailing alone with market move showen 1st STOP then 2nd Stop 1:1.5 R:R. More than 2nd entry is there with a minor risk keepking eye on FVG if goes to fill that order block can have more profit or more loss Let C what comes.by malikziaawan2
USOIL-bias long Bullish indications: Inverted head and shoulder pattern break out. Resistance broken at 78.96 Major support respected at 76.85 Bullish divergence in 4 hr time frame Double bottom formation in day time frame Fib level 0.5 respected from the bottom rally in day time frame. Trade plan bias long @ 79.17 SL:78.16 TP1:80.30 TP2:81.26 Longby gouthamkulal1Updated 8
What a great chartWe have a great idea the chart looks great. we have a great ICT chart here the price action is spot on. by EZIO-FX2
Crude Oil for 05-17-24Crude oil is currently in this bearish channel. We saw rejection earlier of the key fib levels. I would look for another sell opportunity if we reach the higher fib levels for an intraday trade before 1130am EST. Share your thoughts. The ProfessorShortby TheMotivationalProfessor224
USOIL-Inverse Head and ShoulderAfter week of decline the bulls took some charge and made HH and HL accompanied by bullish divergence. Inverse head and shoulder is formed and bullish entry can be taken at break of necklineLongby kiki_crypto0
UsoilUsoil crude oil , strong bearish, if u like my idea . Hit like button & follow please for more updates thanks . On X : go4mudi / fb : go4mudiShortby fariha_mudassar1
USOIL FORECASTlooking to close short at 78.2. long 72. tp at 80.2 short at 80.2 and tp at 75by najaatsabri0
Crude Oil (WTI) may rise to 79.95 - 80.40Pivot 78.75 Our preference Long positions above 78.75 with targets at 79.95 & 80.40 in extension. Alternative scenario Below 78.75 look for further downside with 78.30 & 77.80 as targets. Comment The next resistances are at 79.95 and then at 80.40. Supports and resistances 80.95 80.40 79.95 79.30 Last 78.75 78.30 77.80 Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson2
Friends, do you need a chance to get rich?Hello everyone, this week is coming to an end, how is your trading situation, whether you need help, we will get enough profit every day through internal signals, if your account is still losing money, or your account is locked, or you are a new trader, if you need help, you can contact me, no matter how much money you have, I will help you. Let's earn enough profit together! Work together!by JallyTanUpdated 1
USOiL break outThe structure and momentum is good. Oil reversed after the news and showing signs of a new trend also IRAQ cut their supply which in turn will affect global oil supply.Longby maldesoduor1
Rising into 38.2% Fibonacci resistance?WTI oil is rising towards a resistance level which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 80.06 Why we like it: There is a pullback resistance that is slightly above the 38.2% Fibonacci retracement. Stop loss: 81.56 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Take profit: 77.06 Why we like it: There is a pullback support level.Shortby VantageMarkets1111