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USOUSD trade ideas

Oil Prices Under OPEC+ Pressure!Oil prices fell for a second consecutive session, with Brent crude down 0.6% to $67.17 a barrel and U.S. West Texas Intermediate down by the same percentage to $63.53. Investors are now looking ahead to the upcoming OPEC+ meeting early next week, amid rising expectations that producers may consider a fresh output hike for October. This comes after the alliance had already raised its targets by about 2.2 million barrels per day between April and September, along with an additional 300,000 barrels for the UAE. At the same time, market focus is shifting to U.S. crude inventory data, particularly after the American Petroleum Institute reported an unexpected build of 622,000 barrels for the week ending August 29, compared with analyst forecasts of a nearly 2 million barrel drawdown. From the technical side: Crude oil is still trading in a general uptrend on the 4-hour chart, forming higher highs and higher lows. However, it is approaching a key level in the short- to medium-term at 62.95, which represents the last higher low recorded by the price. A break below this level and the formation of a lower low on the 4-hour chart would indicate a shift from the current uptrend to a renewed downtrend. On the other side, if price holds the 62.95 level and fails to form a lower low, oil could potentially target the 65.31 level.
TVC:USOIL
by CFI
USOIL Will Go Lower! Sell! Take a look at our analysis for USOIL. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 64.627. Considering the today's price action, probabilities will be high to see a movement to 63.428. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. 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 subscribe and comment my ideas if you enjoy them!
FX:USOILShort
by SignalProvider
1
oil sell Current Assumed Position: The market appears to be completing a 4th wave correction (as a Zig-Zag pattern) within a larger impulsive trend. Wave A (Down): Complete. Wave B (Up): Complete. This was the counter-trend bounce. Wave C (Down): Currently in progress. This is the final leg of the corrective pattern. Key Guidance on the Length of Wave C: Elliott Wave theory provides two primary guidelines for estimating the length of a C wave within a Zig-Zag: Most Common Relationship: Wave C is often equal in length to Wave A. This is the standard first target. Measure the price length (not time) of Wave A and project that same distance downward from the peak of Wave B. Common Alternative: Wave C frequently extends to a length of 1.618 times the length of Wave A. This is a very typical target if the underlying trend is strong and the C wave becomes powerful. This would be your second, deeper target. What this means for your analysis: Calculate the price difference (High - Low) of Wave A. Subtract that value from the high of Wave B to find your primary target for the end of Wave C. For a more bearish scenario, take the length of Wave A x 1.618 and subtract that from Wave B's high to find a secondary target. Important Consideration: Wave C must subdivide into a full 5-wave impulse itself. It cannot be a simple three-wave move. Monitor the internal structure of this decline to confirm it is developing as a 5-wave pattern, which will add confidence to this projection. In summary: The most probable minimum length for Wave C is a decline equal to Wave A. Be prepared for a move extending to the 1.618 Fibonacci extension of Wave A.
ICMARKETS:XTIUSDShort
by ridalaith2012
USOIL Latest Analysis and Precise Trading SignalsUSOIL News Analysis: US crude oil inventories unexpectedly increased by 2.4 million barrels last week. Market expectations suggest OPEC+ may consider further production increases at its meeting this weekend, heightening oversupply concerns. International crude oil prices fell to a two-week low during Thursday's trading session. Market research indicates that OPEC+ will hold a meeting this Sunday, with eight member countries and major oil-producing nations such as Russia discussing whether to increase production further in October. If this decision is made, OPEC+ will lift its production cuts of approximately 1.65 million barrels per day, representing 1.6% of global demand, more than a year ahead of schedule. Technical Analysis: Yesterday, international oil prices saw a slight rebound after breaking the bottom in volatile trading. They quickly retreated in the evening, breaking through the 62.8 mark before quickly rebounding. The daily candlestick chart closed with a small bearish candlestick pattern. Oil prices are showing signs of breaking below the 14-day moving average, but technically haven't broken below the support level. Short-term focus is on the upper resistance level of 64.7 and the lower support level of 62.2. USOIL watershed is $63.7 USOIL Latest Trading Recommendations: 1. Buy Support Zone: $61.3-60.6, Target: $62.2-62.8 2. Sell Resistance Zone: $63.7-64.5, Target: $62.8-62.3 Trading involves risk; manage your position appropriately.
TVC:USOILLong
by Carl_Gindovelli
THE BEAST- Well hello !So just a quick update on the last one. USOIL(WTI) has managed to push further into the sixties. The daily RSI is showing signs of a shift upwards. The extended targets from the previous one. Profit taking is essentially as price is in a range of created a while back. (Yellow box) There could be some selling from the middle or to of the box. Long term, the plan has not changed. I’m still long. Though there could be some retesting of lower levels, this could be a sustained move up. This is not financial advice and should be taken with a pinch of salt 🧂. 👌🏼
TVC:USOILLong
by Squeeezy-Trader
OIL - at a very interesting point for longsWatch OIL carefully: if the day closes above 65.38 (daily bullish engulfing) therefore above the previous weeks close, we could be going for another weekly impulse that would take us to the $86.40 level (conservative target: $78.40). According to your edge and how you are able to structure your operations, you have great risk to reward potential. For instance, even if you use the engulfing candle as your buy stop entry and the low of the candle as your stop loss i.e. you are going for the full daily swing, you are talking about a 1:6.5 R:R, which is already amazing in itself. Levels on the chart, trade with care. Please support my work by following me if you can!
OANDA:WTICOUSDLong
by profxedge
1
SpotCrude Short Setup - 4h💎MJTrading 📸 Viewing Tip: 🛠️ Some layout elements may shift depending on your screen size. 🔗 View the fixed high-resolution chart here: 🛢️ PEPPERSTONE:SPOTCRUDE Short Setup – Third Tap of Falling Wedge Resistance Pattern: Falling wedge Context: Price is testing wedge resistance for the third time, with rejection signs Bias: Bearish 🟢 Entry Point: 64.5 This aligns with upper boundary of the Falling Wedge (After Rejection). ❌ Stop Loss (SL): 65.5 🎯 Take Profit (TP) Levels ✅ TP1 (RR1) → 63.5 📈 TP2 → 62.5 💰 TP3 → 61.5 🧠 Trade Logic Price is testing wedge resistance for the third time, with rejection signs ⚠️ Risk Management Risk:Reward ratio ranges from 1:1 to 1:3, depending on TP level. Psychology Always Matters:
PEPPERSTONE:SPOTCRUDEShort
by MJElahifx
1
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
BLACKBULL:WTIShort
by The-Thief
USOIL Massive Long! BUY! My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 64.00 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 64.22 My Stop Loss - 63.89 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
1
WTI Crude resistance at 6600The WTI Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend. Key resistance is located at 6600, a prior consolidation zone. This level will be critical in determining the next directional move. A bearish rejection from 6600 could confirm the resumption of the downtrend, targeting the next support levels at 6200, followed by 6100 and 6000 over a longer timeframe. Conversely, a decisive breakout and daily close above 6600 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 6710, then 6800. Conclusion: The short-term outlook remains bearish unless the pair breaks and holds above 6600. Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation