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Usoillong

USOIL is taking support at lower levels and making higher highsThe trading signal for USOIL has been triggered. The asset has demonstrated consistent support near the 65.5 price level, exhibiting this pattern of support three times previously, each instance resulting in the formation of a higher high. Currently, USOIL is once again showing support at this crucial level. Therefore, I recommend initiating a bullish or long trade position, with a suggested entry point around the 65.75 mark.
FX:USOILSPOTLong
by rajputnarendrasingh579
1
WTI Crude Oil (USOIL) Bullish Pullback Setup – Targeting $66.70Entry Point: Around $62.30 - $62.26 Stop Loss: Set below the entry zone at $61.65, with a potential lower buffer at $60.90 Target Zone (EA TARGET POINT): Between $66.62 and $67.00 A projected gain of 4.22 points (~6.77%) 📈 Price Action & Indicators: The price had a strong bullish run recently and is now consolidating or pulling back slightly. The red and blue moving averages (likely short-term and medium-term MAs) show a bullish crossover and trend. There's a potential bullish setup if the price pulls back to the entry zone and finds support. The blue curved arrow indicates a projected bounce from the $62.30 support region back up toward the $66.70 target. 🛠️ Strategy Implied: Wait for pullback to the entry zone (~$62.30). Enter long at or around that level. Set Stop Loss at $61.65 to limit downside risk. Take Profit at $66.70 for a solid risk-reward ratio. ⚠️ Risks: If support at $62.30 fails, price may head toward $61.65 or lower. Market volatility (especially with crude oil) can invalidate setups quickly. Economic events (e.g., U.S. inventory reports, OPEC news) can disrupt technical patterns.
TVC:USOILLong
by EA_GOLD_MAN_COPY_TRADE
USOIL - TRADING NEAR IMPORTANT DEMAND ZONE - TREND REVERSAL?Symbol - USOIL CMP - 66.58 The USOIL has recently experienced a decent correction over the past few weeks, which has provided an opportunity for price consolidation near an important support zone before the potential upward price growth. This correction has allowed the market to stabilize, and the recent price action suggests that the price may show a reversal from the major support zone which has held since March 2023 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 $66.50 - $65.20 If this level is defended by the bulls, the price is likely to push towards the $69.00 - $70.20 range, which represents the next major resistance zone. Resistance levels: $69.15, $70.20 Support level: $66.00, $65.20 The price has recently tested the $65.20 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.
TVC:USOILLong
by akshit_official
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."
TVC:USOILLong
by TanujaK
1
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.
TVC:USOILLong
by akshit_official
16
#USOIL intraday long trade setup Greetings Folks, today I have prepared a setup of USOIL on TVC the analysis is as follows- -the price currently broke out of a range of equal highs, this is a good sign of bullish momentum - the price is retracing right now, either it can take support from the 50% of retracement or respect the support zone i mentioned in chart - the safer trade would be the latter one, i have marked the take profits also or you can also use pivot point indicator for exit don't play with fire, always use a predefined stoploss
TVC:USOILLong
by profitpujari