Get started
WTI Light Crude OilWTI Light Crude OilWTI Light Crude Oil

WTI Light Crude Oil

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Forecast Seasonals Bonds

WTI trade ideas

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
Crude OilLet's break down the trend and reversal analysis of this chart: ### 1. Trend Analysis: - **Uptrend:** As seen in the chart, prices form higher lows (HL), indicating an upward movement over time. Higher lows suggest that buyers are gaining strength at each dip. - **Downtrend:** Conversely, the presence of lower highs (LH) points to a downward trend where sellers dominate, causing prices to decline with each rally. ### 2. Reversal Signals: - **Stochastic Oscillator:** This tool helps identify overbought (82.60) and oversold (73.03) conditions. When the oscillator crosses above or below these levels, it can signal possible price reversals. - **Candlestick Patterns:** Notice the formations around higher lows and lower highs. These patterns can provide clues to potential reversals. For example, long wicks indicate price rejection at certain levels, hinting at a change in direction. ### 3. Key Levels: - **Resistance Levels:** Prices often struggle to break above certain points, known as resistance. In this chart, the high around 79.44 USD could act as a resistance level. - **Support Levels:** Similarly, prices tend to find support at lower levels like 64.74 USD, where buyers step in to prevent further decline. To sum it up, this chart indicates that the WTI Crude market experiences alternating trends, with periods of upward (higher lows) and downward (lower highs) movements, while key indicators (stochastic oscillator and candlestick patterns) provide insight into potential reversals. Feel free to ask if you'd like to dive deeper into any specific aspect!
FXOPEN:XTIUSDShort
by EquityGainer
Crude WTI ready for big fall,all positive things in price Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- Orange/ Green / lines are work as support/Resistance. Blacks lines are Support/ resistance based on previous important low and High level ENTRY - When price breaks Trailing SL (risky traders can take entry after breaking SL 15 % ,safe traders can take entry after breaking SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
FX:USOILSPOT
by JaiPrakashShuklaHarmonicTrader
This week Crude accuracy Zone to Zone This week crude did zone to zone, sell was from supply and buy was from demand weekly swing Zone . Break out of supply buy was from supply to XI . Reversal from XI zone . All target hits with no sl . This chart was shared well in advance at start of the week . updating this entire charts and explained how trade was taken. This Week 6 Calls in Crude sell 6417 to 6277 Buy 6277 to 6417 Sell 6417 to 6277 Buy 6277 to 6417 Buy 6465 to 6700 6655 to 6501 Accuracy of zones . All SL were 40 points .
TVC:USOIL
by AIQuant-X