Oil - Looking To Sell Pullbacks In The Short TermH4 - Bearish trend pattern Lower lows Until the strong resistance zone holds I expect the price to move lower further after pullbacks.Shortby VladimirRibakov3
CRUDE OIL (WTI): Bearish Outlook & Breakout 🛢️ WTI Crude Oil formed a huge head and shoulders pattern on a daily. With the release of the yesterday's fundamentals, the market dropped and sharply violated its neckline and a solid rising trend line. 2 broken structures compose the expanding supply zone. I will look for shorting from there, anticipating a bearish continuation at least to 77.8 support. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader1110
Long opportunity After coming down for couple of weeks it seems like it could not beak the trend line. High probability to go high to grab BS liquidity. by PickwickTrading1
CRUDE OIL Long From Support! Buy! Hello,Traders! CRUDE OIL is going down But will soon hit a rising Support line from where We will be expecting A bullish move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals119
1 Week Later and Oil is down 3.66%1 Week after the beggining of conflict between Israel and Iran in the middle east, Crude Oil is down 3.66%. Price began trending down all week and then on Thursday there was news of a bombing by Israel which caused a spike in Oil(3.5). This whole move was corrected and we are back to being down on the week. This opposes what I believed may play out this week as my thoughts were 1. Oil is a precious commodity and needed in War 2. The trend thus far this year is Bullish (we are up 13.82%) The market is instead going down and retraced this week. We are currently sitting on the Daily support level 81.23. Price action looks bearish on the Daily as we have a large top wick on the current candle.. moving into the next few weeks we will have a bearish weekly candle behind us that may aid in a descent towards the next Daily level 80.65 and beyond to the next weekly level 77.82. Also, this is in line with current risk-off market sentiment as Oil (Risk-on) is a commodity after all Daily timeframe : The Daily timeframe retested Daily resistance (85.65) and we rejected. Shortby ShrewdCatfxUpdated 15
Crude oil - A Bullish Reversal In Making- Crude oil had a retracement on daily time frame towards trendline. - Price has retraced to 0.5-0.618 zone, a bullish momentum from here can break previous highs - A bullish divergence has also formed with double bottom pattern on hourly time frame. - Mulitple confluences make this a good buy opportunity for long.Longby AnalytixEdgeByQasimUpdated 6
🔥🔥🔥USOIL Continue to buy✅✅✅The fall in crude oil is a buying opportunity. The long-term target is 88-90 US dollars. You can follow my trading strategy in the long term. All my current transactions maintain 100% accuracy. If your account is still losing money, you can follow my signal trading and I will help your account make profits quickly!Longby Lion_Trading_MasterUpdated 1115
US OIl Shortgoing forward I would just be looking for shorting Oil price has broking the trend line as you can see this is a Bearish Flag pattern expect a continuation to the downside Shortby colemanantwan696
Head & Shoulders pattern 🩸Price target near $73We had a False Breakout as pointed out Please note that it is very bearish to have a false breakout followed by breakdown. Head and Shoulders formation identified with a downside price target near $73. Our green upward sloping trend line is also indicating that the price should bounce and find support near $73 Would you be buying near $73? Shortby JK_Market_Recap3
USOIL In the 4-hour timeframe, USOIL exhibits a bullish trajectory, marked by an ascending channel formation and the emergence of a bullish flag pattern. An optimal strategy would be to wait for a completion of at least 50% retracement before considering entry, ensuring a more favorable risk-reward ratio. Monitoring key support and resistance levels within this pattern can further refine entry and exit points for potential trades.Longby forex_info6
USOIL - Buy IdeaUSOIL is in strong bullish trend. As the market is consistently printing new HHs and HLs. USOil is currently trading in a strong bullish ascending channel and is now retracing after the last HH, which is also the 0.886 Fib retracement level and local support zone as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. Longby ZaiwajTraderUpdated 5
WTI Analyse du WTI tendance haussiére à long termes : - Support - Bougie de rejet - Droite de tendance haussiére - Retest dernier plus bas Le price action nous offre un signal d achat en continuations de la tendance a long termeby MalekTradingForex5
WTI Analyse du WTI tendance haussiére à long termes : - Support - Bougie de rejet - Droite de tendance haussiére - Retest dernier plus basby MalekTradingForex0
2 Scenarios On Bearish OIL. dont put to much risk on Bearish.hello everyone, beware of OIL more correction. but dont shorting too much. for me , im avoiding this trade. because it can bullish anytime because of geopolitical and opec decision. (please dont risk more than 2% in trade) watch your risk management. Good Luck. i try to always we will keep you all updated . Please don't forget to like, comment and follow to support me, i really appreciate you support ! Goodluck i'll help you to have a great trade. Please using good money management. dont take any emotional trade. Note: Dont risk more than 0.2% on trending market Dont risk more than 1% on ranging market Wish good luck for all people. Please help support me by Clicking like button, and if you like my ideas please follow me and support me. i Relly Appreciate it! i'll make more and more great analysis if this chanel grows. on Gold, eurusd, gbpusd and oil specially. what do you think? please comment and rate below. Thankyou.Shortby LaurentWilvyne116
USOIL Will Go Up From Support! Long! Please, check our technical outlook for USOIL. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 80.72. The above observations make me that the market will inevitably achieve 81.61 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider115
USOIL remain puzzled due to Middle-East Tension, What you think?hello Traders, hoping all are enjoying your days here. The price of the crude oil surged to the uptrend now and its time to pullback to reach 87$. I will go through in the Bullish if the price doesn't break 80$ lower level. If the price goes down little bit I will wait for this opportunity to go through in the bullish. I am looking my first target near 82.90 and then the second target 84 and then 86 and up if the price will go up the minimum supports. LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.by Ali_ExplorerUpdated 23
✅CRUDE OIL LOCAL LONG🚀 ✅CRUDE OIL will soon retest a key support level of 80.50$ So I think that the pair will make a rebound And go up to retest the supply level above at 81.58$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx3
WTIC short ideaSell short with stop loss at the top of the red zone with min. target at bottom of green zone shop the breakout confirmation occur. Keep on lowering stop loss orders once this trade begins to work out. Shortby WavesPatternsCandlesIndicators1
WTI Analysis: Price Hits Golden Pocket with DivergenceHey traders! 📈 Today, let's dive into an analysis of WTI crude oil, which is currently priced at $81.40. 🔍 Technical Analysis Overview: WTI has landed in an intriguing spot on the charts, sitting at the lower end of the golden pocket and showing signs of divergence. This convergence of technical indicators suggests a potential bullish move on the horizon. 📊 Golden Pocket Zone: For those unfamiliar, the golden pocket is a Fibonacci retracement zone that spans from the 61.8% to 65% retracement levels. It often serves as a significant support or resistance area. Currently, WTI finds itself within this zone, indicating a potential reversal in price action. 📉 Divergence Signal: Adding to the bullish thesis is the presence of divergence, where the price action is not confirmed by the corresponding indicators, such as RSI or MACD. This discrepancy often precedes a trend reversal, making it a noteworthy signal. 💼 Trade Implication: Considering these factors, I'm leaning towards a bullish outlook for WTI in the near term. However, as always, it's crucial to exercise caution and implement risk management strategies in trading decisions. 🔔 Keep an Eye Out: Be sure to monitor price action closely for any confirmatory signals or changes in market dynamics that may invalidate this analysis. Flexibility and adaptability are key qualities for successful trading. 📈 Final Thoughts: In conclusion, with WTI positioned in the low end of the golden pocket and showing divergence, the stage appears set for a potential bullish move. Keep a close watch on price developments and trade wisely! Remember, this analysis is not financial advice. Always conduct your research and consider your risk tolerance before making any trading decisions. Happy trading! 🚀💰 Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Trading involves risks, and past performance is not indicative of future results.Longby ExpateUpdated 4415
More downside on USOUSD after failed breakAfter failing to breakout the Top Trendline price has started to make its way down towards the Bottom Trendline which has been forming itself this past week, if we get the break were expected ill take shorts targeting a 1% move down for the first Target with the rest targeting the most recent prominent low at 81.118Shortby IateyourcroissantUpdated 1
WTI - Short Historically during the month of May, WTI performance net long. The recent COT report show that commercial traders are still net short but could change at any moment because balance between long and short positions. Once again with seasonality in hindsight as traders we should be wary of the that. Technically price is below both moving averages and is further supported by price structure pattern. Summary- Short: Entry = 82.200 Entry 2 = 79.811 Target 1 = 79.847 Target =78.039 Plan the trade, Trade the plan!!! Please follow and boost my ideas.Shortby ForeignCapital_fx224
US OIL likely bottom around 52 DollarsUS OIL likely bottom around 52 Dollars ... it is almost there... 2.0 retracement around 52 is target expected for US OIL .. The wave chart clearly shows crude oil respected .764 resistance and started correction... now it is almost final move towards 52...Shortby karagis75Updated 4