USOIL Trade IDEA for upcoming session of Monday While looking at the candlestick pattern's and price movement of USOIL looks like there is no change in Support and Resistance zone's as shown in my last session idea but i'll mention levels again and also show them in chart 70.106 - 70.634 is no trade zone but a zone displayed by orange color 70.500-70.600 is resistance zone this zone is the good resistance zone price fall from this zone in the previous session and surprisingly for the upcoming session of monday it formed tweezer top ( Equal High ) in 15min TF highlighted by circle in chart so price should fall from this level and SL should be above Orange zone and we will follow the target levels as shown in chart as support levels alternative scenario is if our SL is triggered then we will wait for the price to go above 70.634 and closely watch it's price movement if it sustain above it then we will go for upside trade and target should be 71.676-71.976 zone highlighted in the chart .
Oil
USOIL Trade Idea (Zones) for Friday session 28-02-25After studying USOIL at higher TF and watching it's closing price i think 70.106 - 70.634 is No-trade zone for USOIL due to it's complexity at higher timeframe , i've also drawn a zone which can push price to downward direction which is represesnted by orange color in the chart if price sustained above this level then it can go to it's next resistance zone of 76.500 - 76.600 but here SL should be below the zone which is 70.106 and the zone itself is mutual in multiple timeframe so be cautious to trade in this zone and use manage Quantity , and for alternative scenario if price goes below 70.106 and sustained then we can see then 69.150 level because it was the last swing created and below it other levels are also mentioned in the chart , look for reversal and continuation pattern to enter in trade .
USOIL Trade IDEA for upcoming session's of Thu & FridayClosing of the last session of USOIL occurs at 68.819 and after looking at every timeframe and the price action concludes the support and resistance zone's for the upcoming session's as we look in chart next support zone 68.380 - 68.486 if price goes below this level then wait for minor retesting and short for 67.700 level which is next support this is because in higher TF picture show's downtrend ( but in lower TF retesting occurs ) for alternative scenario's if price goes upward then 69.155-69.270 is the next and strong resistance zone at this place look for reversal pattern this would be the zone from where price drop ( but 69.430-69.630 is minor reversal range shown as dotted lines in the chart which can cause reversal if price surpases the first resistance zone ) if price breaks these zones then take a buy for next resistance zone of 70.000 - 70.100 but it seems price drop of the USOIL for these session's let's see what will happen .
USOIL CHART ANALYSIS FOR 24 FEB 15M TFIn the Last session USOIL falls heavily and in daily TF it made a huge Bearish candle and gave us a daily support and resistance zone and for now for 70.112 - 70.158 is the support zone which is very near to closing of the last session price may take a pullback from this level to 70.950 - 70.170 which is the cruicial zone ( Highlighted as yellow zone in the chart ) from there price may fall again and next support is the 69.100 - 69.160 , if price break the cruicial zone then it may retrace to 71.630 - 71.800 which is the nearest resistance , i'll place my trade according to my indicator setup so look for continuation or reversal pattern to enter in trade .
USOIL Chart analysis for Friday 21 Feb 25 Session 15M TFUSOIL last session closing was at 72.578 and made a high of 73.123 after studying it in higher TF i think if price comes downward then it's First Support Range is 72.188-72.343 if this range works as good support then we can see price upward movement from this range of support if it'll not sustain then Major Support Range is 71.791-71.952 it is good support it should sustain the price if it comes towards it in case it breaks then we can see bearish movement for the day , these support levels should work if we take a look in higher TF and our Trend Reflector also indicates bullish sentiment look for reversal price action if price comes to these levels , in case it breaks resistance zone of 73.000- 73.123 then we may get the level of 73.750 which is the next resistance , it's very clear look for bullish entry until major support breaks, it seems bullish for the day.
USOIL Chart Pattern for upcoming session's 15M TFWith accordance to 4H TF USOIL should fall to 71.500 to 71.200 with ease in this session but if we take a look to Daily TF we may see a price upper side when it touches 71.65-71.750 ,i've analysed it bit more it looks like if it goes to 71.500 then we should wait for 71.350 level to break and close below it and then short till 70.600 but in case it takes rejection at level of 71.350 - 71.500 then we can see 73.000 as our next target .
Crudeoil expected uptrend movement upto 74/75.5Symbol CRUDEOIL
Timeframe 1 hour
Analysis Uptrend Movement upto 74/75.5 expected.
Breakout from Triangle pattern, so we can expect a uptrend movement upto 74/75.5
We hope our analysis is adding value to your trading journey.
Please note: Published ideas are for educational purposes only. Trade at your own risk.
Also, please respect the risk - stop loss (SL) should not be more than 2% of the capital.
DISCLAIMER: We are not SEBI registered. All the ideas posted in this channel are solely for educational purposes."
WTI Crude Oil Trading Recommendation - SELL StrategyInstrument: USOIL (WTI Crude Oil)
Timeframe: 1H, 4h
Strategy: Pending Sell Order (Sell Limit)
Technical Analysis:
WTI crude oil is approaching a key resistance zone at 72.5 - 72.9 USD/barrel, where strong selling pressure is expected.
The overall trend remains bearish as the price stays below the EMA 33 levels.
If the price reacts strongly at this level, a pullback towards lower support zones is highly likely.
Trade Setup:
✅ Entry (Sell Limit): 72.5 - 72.9 USD/barrel.
✅ Stop Loss (SL): 73.00 - 73.80 USD/barrel.
✅ Take Profit (TP):
Target 1: 69.88 USD/barrel.
Target 2: 68.36 - 67.40 USD/barrel.
✅ Holding Time: Expected until early next week.
Market Outlook:
The 72.5 - 72.9 USD zone is an ideal area for short-selling due to strong supply levels.
If the price shows a bearish reaction here, selling pressure could push it down to 69.88 USD, and possibly lower to 68.36 - 67.40 USD.
This strategy aims to take advantage of a pullback before continuing the downtrend, offering a favorable risk-reward ratio.
USOIL - BULLISH TREND WILL CONTNUE ?Symbol - USOIL
The USOIL has recently experienced a decent correction within its uptrend, which has provided an opportunity for price consolidation before the potential continuation of the bullish trend. This correction has allowed the market to stabilize, and the recent price action suggests that the uptrend is likely to resume, supported by a combination of supply constraints and growing demand expectations.
Geopolitical tensions and OPEC production cuts continue to play a significant role in influencing oil prices, while global economic recovery, particularly in major consuming nations, provides further optimism for sustained demand. These factors are likely to continue supporting oil prices as market participants remain cautious about future supply disruptions. With the recent correction now completed, USOIL appears poised for further upward momentum, especially if these bullish fundamentals continue to hold.
Technically, the key support level to watch is $72.50 - $73.00 If this level is defended by the bulls, the price is likely to push towards the $78.00 - $80.00 range, which represents the next major resistance zone.
Resistance levels: $78.00, $80.00
Support level: $73.00
The price has recently tested the $73.50 support zone. A potential false breakdown could occur here, aimed at capturing liquidity before prices resume their upward trajectory. With the correction phase likely behind us, renewed buying interest in USOIL could drive prices higher as the uptrend continues to unfold.
SILVER VIEW⚠️Education Purpose only!!!!
Key Support area:-87,100
Key Resistance area:-96,200
Silver has long been considered a 🏦 store of value and a 🛡️ hedge against inflation.
Riskier but suitable for speculation and hedging.
🔧 Industrial Demand – Used in ⚡ tech, ☀️ solar, 🚗 EVs
💰 Monetary Hedge – Safe-haven in 🔥 inflation & 📉 downturns
⛏️ Supply Constraints – Limited mining, rising demand 📊
📊 Growing Investment – ETFs & retail piling in 🚀
⏳ Long-Term View
If industrial demand and inflation persist, silver could see 📈 strong appreciation over the next decade.
🔍 Investors should monitor global economic trends, 📉 interest rates, and ⛏️ mining supply data to make informed decisions. 🚀
Price Action applied :-
⭕️50 Day Moving averages
⭕️Channel Pattern Formation
⭕️Range Breakout
⭕️Triangle Pattern Formation
⭕️Demand Zone
⭕️Major Resistance area
✅Check out my Trading View profile to see how we analyze charts and execute trades.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
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✍️COMMENT Below your view
USOIL or CRUDEOIL DOwntrend Movement upto 76.5/75.15/74Symbol : USOIL or CRUDEOIL
TIMEFRAME 1HOUR
Analysis DOWNTREND Movement
can expect the target upto 76.5/75.15/74
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Updated crudeoil chart for aiming 7000+on 24th November I shared crude oil view with potantial target for 7000+ for upcoming days.
On chart my 1st Target is exactly achieved for 6383 on 3rd January 2025 with making high of it.
Now I made updated some potantial support for Crude Oil.
If it comes towards the zone then Crudeoil aiming up fast for 7000+
otherwise crudeoil try to make sideways zone around 6300-6500 for more days.
OIL bullish for short term upside to 550Hello Everyone,
Have spotted a bullish pattern on the chart that can take the prices to 510-550 in the short while.
Points to note:
> Out of all, Oil sector is showing some strength.
> OIL has seen recovery for the current support levels multiple times in the past.
> Trading above 100EMA with good volumes.
> Hammer spotted
Important leves:
Support: 464
Resistence: 450
Entry Levels: 485-490
Exit Levels: 464 or trail with EMA 100 once it breaches 500 levels.
Risk to Reward: Optimal Entry 485 – Target 550 = Almost 3x Reward to Risk
Crude Oil Ready to Explode: Wave (iii) Targets Sky-High Gains Chart Interpretation
1. Triangle Pattern:
A visible contracting triangle pattern (marked as Wave (ii)) indicates consolidation before a breakout.
Triangles typically occur in Wave 4 or corrective waves (B waves).
Fibonacci Levels:
Fibonacci extensions (1.618, 2.618, 3.618, etc.) are used to project potential targets for Wave (iii), Wave (v), or corrective moves.
1.618 (7,156): A potential target for Wave (iii).
2.618 (8,125): Extended target for Wave (iii).
3.618 (9,094): A stretch target if the trend is powerful.
Current Status:
The chart indicates that Wave (ii) (a corrective phase) is concluding, with a breakout expected into Wave (iii).
Wave (iii) targets are aligned with key Fibonacci levels, showing potential price surges.
2. Future Projection
After completing Wave (iii) and a brief correction in Wave (iv), the price may proceed to Wave (v), likely targeting higher levels.
Post the 5-wave impulse, a corrective A-B-C structure may follow, resetting the trend.
3. Trading Insight
A breakout above the triangle pattern could confirm the start of Wave (iii).
Regards,
SG
OIL INDIA - SWING TRADE ON LONG SIDESymbol - OIL
OIL is currently trading at 420
I'm seeing a trading opportunity on buy side.
Buying OIL Futures at 420
I will add more long position at 410, if comes.
Holding with SL of 397
Targets I'm expecting are 445 - 460 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
CRUDE OIL - Short and Long Oppurtunity in INTRADAY 20 Dec 2024Price break the support line (Black color) formed since 11 Dec and it looks like it is time to Short. Also, Monthly CPR Pivot range comes under the support line so there will be oppurtunity for Long if price touch 8840 and reverses and go inside the channel.