WTI Crude Oil – Intraday Update: Tension Builds Inside Rising Channel
1H Technical Outlook — June 18, 2025
🧭 Current Market Structure:
WTI is currently trading at $72.54, holding above key support but struggling to break through a strong intraday supply zone around $73.80–74.00. Price has formed a rising channel, gradually climbing with higher highs and higher lows—often a pre-breakout structure.
Momentum on the Stochastic oscillator is turning, suggesting the market is preparing for a strong directional move.
📊 Key Technical Levels:
Resistance Zones:
Support Zones:
🔺 Scenario 1: US-Iran War Escalates (Bullish Breakout)
🛢️ Market could price in a $5–$10 geopolitical premium per barrel within hours if conflict begins.
🔻 Scenario 2: No War / De-escalation (Bearish Breakdown)
📉 Oil often unwinds risk premium quickly when fear fades — beware sharp selloffs.
🔁 Neutral Intraday Note:
🛡️ Risk Management:
Avoid large overnight positions — news headlines can cause gaps or whipsaws.
Use tight stops if trading breakout/down; volatility is news-driven.
Consider options strategies for limited risk exposure (calls above $74 / puts below $70).
📢 If you found this analysis valuable, kindly consider boosting and following for more updates.
⚠️ Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
1H Technical Outlook — June 18, 2025
🧭 Current Market Structure:
WTI is currently trading at $72.54, holding above key support but struggling to break through a strong intraday supply zone around $73.80–74.00. Price has formed a rising channel, gradually climbing with higher highs and higher lows—often a pre-breakout structure.
Momentum on the Stochastic oscillator is turning, suggesting the market is preparing for a strong directional move.
📊 Key Technical Levels:
Resistance Zones:
$74.00 – intraday supply
$76.00 – swing high zone
$78.00+ – war-driven extension target
Support Zones:
$70.00 – mid-channel & psychological level
$68.00 – previous breakout zone
$66.00 – bearish continuation target if war is ruled out
🔺 Scenario 1: US-Iran War Escalates (Bullish Breakout)
- If the U.S. launches airstrikes or there is confirmed military escalation:
- Expect immediate breakout above $74.00.
- Price likely to test $76.00, followed by an impulsive move toward $78.00+.
- Intraday traders should watch for breakout retest setups on lower timeframes (M15/M5).
🛢️ Market could price in a $5–$10 geopolitical premium per barrel within hours if conflict begins.
🔻 Scenario 2: No War / De-escalation (Bearish Breakdown)
- If headlines signal de-escalation or diplomacy:
- Rising channel may break to the downside.
- WTI could fall back to test $70.00, and if broken, flush toward $68.00–66.00 support.
- Watch for bearish engulfing candles, divergence, or momentum fading.
📉 Oil often unwinds risk premium quickly when fear fades — beware sharp selloffs.
🔁 Neutral Intraday Note:
- Price currently consolidating between $72.00–74.00 inside an ascending channel.
- Break above or below this range will dictate momentum.
- Wait for confirmation candle close before entering breakout trades.
🛡️ Risk Management:
Avoid large overnight positions — news headlines can cause gaps or whipsaws.
Use tight stops if trading breakout/down; volatility is news-driven.
Consider options strategies for limited risk exposure (calls above $74 / puts below $70).
📢 If you found this analysis valuable, kindly consider boosting and following for more updates.
⚠️ Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
Note
Update:
Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.