Looks like USOIL Crude has just started risingLooks like USOIL Crude has just started rising with SL near 60 / 62.
About CFDs on WTI Crude Oil
Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times. Two major benchmarks for pricing crude oil are the United States' WTI (West Texas Intermediate) and United Kingdom's Brent. The differences between WTI and Brent include not only price but oil type as well, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil is dependent on global economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although there have been discussions of replacing the USD with another trade currency for crude oil, no definitive actions have been taken.
USOIL short setupI see the good risk/reward ratio sell setup in USoil as elliot wave analysis. elliot wave analysis is very complex analysis method and it aways have alternate count, how ever i shorting USOIl as it gives good risk/reward ratio.
US OIL ready to shortI sse USOil with good R/R setup. Impulse down at day TF and abc upward and again impulse downward.
USOIL DOWN TO 60$hello,
I hope you’re doing well. I’ve identified a high-probability short setup on USOIL in the 4H timeframe. The chart is showing a clear downtrend, and based on the current momentum, I expect USOIL to reach the $60 level in the coming days
IBROURI Abdessamad
Buy Setup on 15-Min ChartCrude oil is currently holding above the key support near 62.26 and showing signs of reversal after a strong rejection from the lows.
📌 Entry Zone: 62.35 – 62.50
🎯 Target: 62.95
🛑 Stop Loss: 62.26
🔎 Analysis:
Price respected support and formed a bullish rejection wick, indicating buying pressure.
Bulls are quietly taking controlCrude Oil CMP 63.70
Elliott - crude oil has taken support at the ivth wave marked in grey at 58.
Fib - after taking support at the confluence at 55 it is now taking support above the higher confluence at 62. This is now indicating strength.
Oscillators - RSI at bull support is indicating tr
USOIL BUYING SETUPREASON OF SELLING SETUP:-
1.taken support from previous level
2.price bending from this level
3.sellers trap
WTI Crude Oil Descending Triangle Pattern
WTI is forming a Descending Triangle pattern near recent support.
📊 Technicals : Flat base with lower highs compressing price action.
🔎 Key Levels: Breakdown below support 65 Leads To bearish continuation;
bounce above resistance 71 Leads To reversal setup.
⚠ Risk View: Energy fundamentals rem
Buy Opportunity in USOILAn upside opportunity is being developed. Scenario.
1. Choch has happened and price retracing towards FVG.
2. it is also taking support from trendlines.
3. If price rejects with volume in FVG zone, it may lead to good upside trade.
P.s. - It is just analysis not trading recommendation.
USOIL Bearish Reversal & Selling OpportunityUSOIL (WTI Crude Oil) – Bearish Setup Analysis
The chart shows a clear bearish structure with multiple confirmations:
Trendline Rejection & Break: Price rejected from the upper rejection line and later broke the rising trendline, confirming bearish momentum.
FVG (Fair Value Gap) Selling Zone: Pri
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Displays a symbol's price movements over previous years to identify recurring trends.