Get started
WTI Crude Oil CashWTI Crude Oil CashWTI Crude Oil Cash

WTI Crude Oil Cash

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

USOUSD trade ideas

USOIL: Bearish Reversal from Key Resistance at $69.36 Market Overview: Crude oil (USOIL) is currently facing resistance near the $69.36 level on the 15-minute timeframe. After a sharp recovery, the price is showing signs of exhaustion with bearish rejection candles forming at this key resistance zone. This suggests that sellers may regain control, potentially driving prices lower toward the next support level at $68.07. USOIL: Bearish Reversal from Key Resistance at $69.36 – Targeting $68.07 Market Overview: Crude oil (USOIL) is currently facing resistance near the $69.36 level on the 15-minute timeframe. After a sharp recovery, the price is showing signs of exhaustion with bearish rejection candles forming at this key resistance zone. This suggests that sellers may regain control, potentially driving prices lower toward the next support level at $68.07. Technical Analysis: 1. Resistance Zone ($69.36): - The price has tested this level multiple times, creating a significant barrier for further upward movement. - Bearish candlestick patterns at this resistance indicate strong selling pressure. 2. Support Zone ($68.07): - The next key support lies near $68.07, a level that previously acted as a demand zone and could attract buyers. 3. Trend Structure: - The overall structure suggests a potential bearish continuation as the price approaches resistance and begins to reverse. 4. Risk/Reward Ratio: - With a stop-loss placed at $69.53, this trade offers an attractive risk/reward ratio of approximately 3:1. Trade Setup: - Entry: Short at $69.36. - Stop Loss: $69.53 (above resistance to account for false breakouts). - Take Profit: $68.07 (near the next support zone). Key Considerations: - Bearish Confirmation: Wait for a clear break below intraday lows or additional bearish confirmation (e.g., a rejection candle or a lower high) before entering. - Market Volatility: Keep an eye on crude oil inventory reports or geopolitical developments that could impact oil prices. Conclusion: Crude oil is showing signs of a potential bearish reversal at a strong resistance zone, providing an opportunity for short positions. Traders should manage risk carefully, monitor price action, and adjust their strategies in case of unexpected volatility. Conclusion: Crude oil is showing signs of a potential bearish reversal at a strong resistance zone, providing an opportunity for short positions. Traders should manage risk carefully, monitor price action, and adjust their strategies in case of unexpected volatility.
FX:USOILShort
by EliteTradersChoudharyJI
Crude Oil 71.75 Crucial level_Break Upside Go LongThe U.S. Dollar And Oil Relationship Is Changing. Historically, the price of oil is inversely related to the price of the U.S. dollar. A barrel of oil is priced in U.S. dollars across the world. When the U.S. dollar is strong, you need fewer U.S. dollars to buy a barrel of oil. When the U.S. dollar is weak, the price of oil is higher in dollar terms. The United States has historically been a net importer of oil. Rising oil prices cause the United States trade balance deficit to rise as more dollars are needed to be sent abroad. The former still holds true today, the latter….not so much. Due primarily to the success of horizontal drilling and fracking technology, the U.S. shale revolution has dramatically increased domestic petroleum production. In fact, the United States became a net exporter of refined petroleum products in 2011, and has now has become THE largest producer of crude oil overtaking Saudi Arabia and Russia!
TVC:USOILLong
by Pranay_Kamdi
US crudeoilmultiple support around 61-65 levels in last 2 years .observed when ever enters this zone after correction strong pull back rally follows , now also this month touched near 65 level on rising trendline support zone .If holds for next 2-3 weekly trading session strong recovery can be expected ,.and it support level 60-65 zone holds for next 3-4 month can see big recovery in crud oil price towards 110-140 level in 2025 . View fails if month close start closing below above mention support levels . ( this are my personal views on knowledge i acquire i might be wrong to .)
FX:USOIL
by deepshah1982
WTI Crude Oil Analysis: Key Levels and $65 Accumulation StrategyThe WTI Crude Oil chart highlights a long-term bearish trend, with price testing key support and resistance zones. Here's a concise breakdown: Key Levels to Watch Support Levels: $65.00 (immediate), $61.52, $56.97, $55.00, $51.76, $42.87. Resistance Levels: $72.80, $78.44, $83.64, $93.40. Current Opportunity for Swing Trade Accumulate near $65.00 with a stop-loss slightly below $65.00. Targets: $69.00, $72.80, $78.44. Trade Setups Bullish: Enter on $65.00 support bounce or breakout above $72.80. Bearish: Short on rejection at $72.80 or breakdown below $65.00. Market Outlook Bearish Bias: Break below $65.00 could lead to $61.52 or $56.97. Bullish Reversal: Break above $72.80 targets $78.44 and beyond.
TVC:USOILLong
by ayusharya_001