WTI(20250609)Today's AnalysisMarket news:
Fed Harker: Amid uncertainty, the Fed may still cut interest rates later this year. Musallem: There is a 50% chance that the trade war will lead to a sustained inflation outbreak. Tariffs may push up inflation within one or two quarters. The ECB cut three key interest rates by 25 basis points. Lagarde hinted that the rate cut cycle will end, and the market is no longer fully pricing in another 25 basis point rate cut this year.
Technical analysis:
Today's buying and selling boundaries:
63.43
Support and resistance levels:
65.29
64.60
64.14
62.71
62.26
61.56
Trading strategy:
If the price breaks through 64.14, consider buying in, with the first target price of 64.60
If the price breaks through 63.43, consider selling in, with the first target price of 62.71
Energy Commodities
Weekly Market Forecast: BUY Stock Indices & Oil! Sell Gold! In this Weekly Market Forecast, we will analyze the S&P 500, NASDAQ, DOW JONES, Gold and Silver futures, for the week of June 9 - 13th.
Stock Indices are looking more bullish. Valid buys only!
Gold is weak. Sells only until there is a market structure shift upwards.
Oil prices have room to go higher. Buy it.
Silver is a wait and see. Should start to pull back this week, as it closed last week stronger than Gold.
CPI Wednesday. After the news is announced, the market should be very tradeable for the rest of the week.
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USOIL What Next? SELL!
My dear friends,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 64.73 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 63.36
Recommended Stop Loss - 65.42
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
Analysis of Upward/Downward Trends in Monday's Opening MarketBoosted by the telephone conversation between leaders of the world's two largest economies, oil prices maintained their upward momentum on Friday. Brent crude stabilized at around $65 per barrel, notching its first weekly rebound since mid-May; WTI crude also held near $63. "Against the backdrop of gradually easing macro uncertainties, the risk of panic selling in the market has significantly diminished," analysts said. "With the arrival of the summer peak demand season and the superimposition of geopolitical tensions in the Middle East and Russia, the downside for oil prices has been notably constrained."
The recent steady rebound in oil prices indicates that the market has gradually digested macro uncertainties, though the underlying supporting factors remain fragile. While trade concerns have temporarily subsided, whether OPEC+ will continue to release capacity as expected by the market will be key to determining whether oil prices can sustain their rebound. Meanwhile, the options market reflects expectations of a year-end supply glut, which will test the coordination capabilities of oil-producing countries.
Overall, for next week's crude oil trading strategy, it is recommended to prioritize buying on dips and supplement with shorting on rebounds. In the short term, monitor resistance at the $66.0-$67.0 level, while short-term support lies at the $63.5-$62.5 level.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
buy@62.0-62.5
TP:64.5-65.0
USOIL: Strong Bullish Sentiment! Long!
My dear friends,
Today we will analyse USOIL together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 64.706 will confirm the new direction upwards with the target being the next key level of 65.295. and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
USOIL: Short Signal Explained
USOIL
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell USOIL
Entry - 64.73
Stop - 66.13
Take - 62.38
Our Risk - 1%
Start protection of your profits from lower levels
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USOIL Will Go Up! Long!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 61.359.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 64.395 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USOIL Will Go Higher From Support! Buy!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 60.773.
Taking into consideration the structure & trend analysis, I believe that the market will reach 64.119 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USOIL SHORT FROM RESISTANCE
USOIL SIGNAL
Trade Direction: short
Entry Level: 64.71
Target Level: 56.98
Stop Loss: 69.85
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Crude oil-----Sell near 64.00, target 63.00-62.00Crude oil market analysis:
Crude oil is still bearish, and we will continue to sell on rebounds. If it does not break 65.00, it will fluctuate. The general trend is bearish. If it breaks, we will adjust our thinking. Today's crude oil is the key. Will it start to take off before the data? The previous crude oil inventory data did not allow crude oil to break the position. The crude oil fluctuation range is 60.00-65.00. If it breaks this range, we will adjust our thinking on fluctuations.
Operational suggestions
Crude oil-----Sell near 64.00, target 63.00-62.00
USOIL:The strategy of going short
USOIL: Same thinking, still maintain the short strategy. Friends with short orders at 63.3-63.5 continue to wait, can increase short orders near 63.8, the target is 62.5-62.3 unchanged
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WTI(20250606)Today's AnalysisMarket news:
The European Central Bank cut three key interest rates by 25 basis points. Lagarde hinted that the rate cut cycle will end, and the market is no longer fully pricing in another 25 basis point rate cut this year.
Technical analysis:
Today's buying and selling boundaries:
62.58
Support and resistance levels:
63.97
63.45
63.12
62.05
61.71
61.19
Trading strategy:
If the price breaks through 63.12, consider buying, and the first target price is 63.45
If the price breaks through 62.58, consider selling, and the first target price is 62.05
Short Crude Oil for The LeapRisk free trade for $100 on MCL
Scaling out of the trade from 4 hour supply to 4 hour demand.
Using the TrendCloud Trading System and it's working great.
So far I'm in the top 7% for this competition.
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Backtesting data shows great results. Super proud of this. It took me a month to program everything properly and optimize specifically for the NQ.
WTI CRUDE OIL: Going for a LH rejection. Sell signal.WTI Crude Oil is practically neutral on its 1D technical outlook (RSI = 55.991, MACD = 0.160, ADX = 24.748) as it's on the 3rd straight day of flat consolidation on the 1D MA50. The last time it did this was on April 2nd, which resulted in a LH rejection to the S1 level. As the presence of the R1 level (64.90) is just above, we expect the market to get rejected and aim for the S1 again (TP = 56.00).
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Crude Oil is Building Momentum for a BreakoutDuring the U.S. trading session on Thursday, international oil prices fluctuated higher, with U.S. crude oil currently trading near $63.55 per barrel. Despite the intraday volatility, international oil prices remain under downward pressure, primarily influenced by two key factors.
First, data from the U.S. Energy Information Administration (EIA) showed that as of last week, U.S. gasoline and distillate inventories increased more than expected, signaling weakening refined product demand in the world’s largest economy. This development has sparked investor concerns about whether the U.S. summer driving season can sustain demand growth, leading to a ~1% decline in oil prices on Wednesday.
The current crude oil market is caught between supply and demand headwinds:
Supply-side pressures: OPEC+’s production increase plan and Saudi Arabia’s strategic price cuts have created short-term bearish sentiment.
Demand-side uncertainties: The unexpected rise in U.S. refined product inventories has amplified market doubts about the vigor of global consumption recovery.
Additionally, the escalation of international trade frictions has further dampened risk appetite, exacerbating downward pressure on prices.
In the short term, oil prices are likely to continue oscillating within the $60–$65 per barrel range. Market participants should closely monitor U.S. macroeconomic data and OPEC+’s compliance with its production policies for directional cues.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
buy@61.5-62.0
TP:63.0-63.5
Crude oil----sell near 64.00, target 63.00-60.00Crude oil market analysis:
Yesterday's crude oil still failed to rise. The buying price still failed to stand above 65.00 and was still fluctuating. Today, we continue to look at the range wave. We still consider selling it when it is close to 64. The crude oil inventory data does not give us much room for imagination. In addition, the recent fundamentals of crude oil are not strong, and they do not support the long position of crude oil, which has caused crude oil to fluctuate and hover. The current fluctuation range we see is 65.00-60.00.
Operation suggestions:
Crude oil----sell near 64.00, target 63.00-60.00
USOIL Will Grow! Buy!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 62.890.
Taking into consideration the structure & trend analysis, I believe that the market will reach 68.865 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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WTI Oil H1 | Overlap support at 61.8% Fibonacci retracementWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 61.52 which is an overlap support that aligns close to the 61.8% Fibonacci retracement.
Stop loss is at 59.60 which is a level that lies underneath a multi-swing-low support.
Take profit is at 63.76 which is a multi-swing-high resistance.
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USOIL:tay long
USOIL: The short-term objective trend is oscillating. In terms of momentum, the MACD indicator is above the zero axis, showing a top divergence, indicating that the upward momentum is weakening. In the first two trading days, the overall rhythm trend was alternating between primary and secondary, and it is expected that the intraday crude oil trend will still maintain the probability of shock upward, so maintain the long idea.
Trading can wait for the retracement after the long.
Trading Strategy:
BUY@62.8-63
TP: 63.8-64
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Potential bearish drop?USO/USD has reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 64.42
Why we like it:
There is a pullback resistance level.
Stop loss: 66.35
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci projection.
Take profit: 56.94
Why we like it:
There is an overlap support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.