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Oilforecast

Crude oil------sell near 64.30, target 60.00-58.00Crude oil market analysis: Crude oil has been fluctuating recently. Today, we focus on the rhythm and range of its fluctuations. The suppression near 65.30 is successful. The selling trend is downward. Let's sell on the rebound today. Pay attention to the suppression near 64.00. There is still room for selling. The recent data and tariff war on crude oil have not had a big impact on it, so it has been hovering. Crude oil market analysis: Crude oil has been fluctuating recently. Today, we focus on the rhythm and range of its fluctuations. The suppression near 65.30 is successful. The selling trend is downward. Let's sell on the rebound today. Pay attention to the suppression near 64.00. There is still room for selling. The recent data and tariff war on crude oil have not had a big impact on it, so it has been hovering. Operational suggestions Crude oil------sell near 64.30, target 60.00-58.00
NYMEX:CL1!Short
by Toml1314
Crude Oil Tests Critical Support Level at $65.10FenzoFx—Crude Oil is consolidating below the $65.10 resistance, trading around $64.30. The price remains above the 50-period SMA on the 4-hour chart, confirming a bullish trend. However, the Stochastic Oscillator crossing above 20 signals overbought conditions, suggesting a potential pullback. If oil stays below $65.10, a bearish wave could follow, targeting $62.31 and then $61.75. Bullish Scenario: A close and stabilization above $65.10 could trigger the uptrend, targeting $67.60. >>> No Deposit Bonus >>> %100 Deposit Bonus >>> Forex Analysis Contest All at FenzoFx Decentralized Forex Broker
TVC:USOILLong
by FenzoFxBroker
Crude Oil Stabilizes Above Key Fibonacci LevelFenzoFx—Crude Oil is consolidating after testing $63.9 resistance, trading near $62.23, supported by the 50.0% Fibonacci retracement. While the bullish trend persists above the 50-period simple moving average, the Stochastic Oscillator shows an oversold condition, hinting at a rebound. A bullish wave may target $64.00 if Oil holds above $62.00. However, if it dips below this level, momentum could extend down to $60.77, near the 78.6% Fibonacci retracement. >>> No Deposit Bonus >>> %100 Deposit Bonus >>> Forex Analysis Contest All at FenzoFx Decentralized Forex Broker
TVC:USOILLong
by FenzoFxBroker
Short on Oil/Back to 57$ SOONI believe we can continue the retest of previous major support level at 65-66$ and fibonacci 0.618. This major support will be flipped to resistance in my opinion. We can see a significant sell-off back towards the 57$ area and below from this location. I will be looking to enter a short trade from the 0.618 region/66$ if there is a rejection. My mid-term/end-of-year prediction for US OIL is between 45-50$ and possibly lower. If you believe in the fundamentals and idea of this setup, feel free to follow and use it. Not financial advice.
TVC:USOILShort
by SuperiorJG
Crude oil---sell near 63.90, target 60.00-58.00Crude oil market analysis: The recent crude oil has been delivered. The new contract is relatively strong at present. Yesterday's daily line closed with a positive line. In the short-term bottom shock, we are still bearish on crude oil today. We continue to sell. The large pattern suppresses around 65.30. The daily moving average suppresses around 65.700, which means that buying needs to break this position to reverse. Today's crude oil is suppressed at 63.90. Operational suggestions: Crude oil---sell near 63.90, target 60.00-58.00
NYMEX:CL1!Short
by BraveTigercat
1
Oil - Looking To Sell Pullbacks In The Short TermH4 - Strong bearish move. No opposite signs. Currently it looks like a pullback is happening. Expecting bearish continuation until the two Fibonacci resistance zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:WTIShort
by VladimirRibakov
Crude Oil AnalysisFenzoFx—Crude Oil started a bullish wave from $55.15, trading at around $62.20. Momentum slowed near $63.90 resistance. The Stochastic Oscillator indicates short-term overpricing as Crude Oil remains below $63.90, keeping the bearish trend intact. Price may dip toward $58.90 support, with further pressure potentially driving it to $55.15. If Crude Oil surpasses $63.90, the bearish outlook invalidates, targeting $65.10 resistance. >>> No Deposit Bonus >>> %100 Deposit Bonus >>> Forex Analysis Contest All at F enzo F x Decentralized Forex Broker
TVC:USOILShort
by FenzoFxBroker
Crude oil---sell near 64.00, target 62.00-60.00Crude oil market analysis: Crude oil has been falling recently. Under the pressure of tariffs, the decline of crude oil is very large. In addition, the previously released crude oil inventory data also shows its weakness. The weekly line closed with a cross star, and the lower shadow is very long. The possibility of a unilateral decline in crude oil this week is small, and the possibility of fluctuations is greater. The position of 65.30 is its suppression. Look for selling opportunities in the Asian session of 63.50-65.30 today. The other 58.00 of crude oil is support. Operational suggestions: Crude oil---sell near 64.00, target 62.00-60.00
NYMEX:CL1!Short
by BraveTigercat
Crude oil-----sell near 63.70, target 62.00-60.00Crude oil market analysis: We continue to be bearish on crude oil today, and continue to sell on rebounds. The position of 63.80, which was pulled up last night, is today's major suppression position. This position is a selling opportunity. Crude oil has not broken the previous low point, but it will have a big bottom shock and a big repair after the data is over. Today's crude oil will wait for the opportunity to sell. In addition, the recent data on crude oil also suppresses it. Crude oil has not effectively stood on the major pressure before, and the short-term rebound is just a rebound. The weekly trend is still bearish. Fundamental analysis: The US tariffs on the world are still brewing, which has also led to a sharp drop in global stock markets, and the market is not optimistic about expectations. Later this week, we will focus on the heavyweight CPI data. Operation suggestions: Crude oil-----sell near 63.70, target 62.00-60.00
NYMEX:CL1!Short
by BraveTigercat
Crude oil-----buy near 68.90, target 69.90-72.00Crude oil market analysis: Yesterday's crude oil daily line showed continuous tombstones, which was suppressed near 72.00. Today's idea is to continue to look at the rebound in the short term and pay attention to the support near 68.70. This position is a buy rebound. We will wait for opportunities in the Asian session. Crude oil has begun to move on a weekly trend. We need to pay attention to this week's closing to determine whether it will start a weekly trend in the future. Fundamental analysis: Trump's midnight tariffs caused the market to tremble again. In addition, ADP rose sharply, with a result of 155,000 people, 80,000 people in advance, and 115,000 people expected. The bulls still pulled up under such a big negative situation. Operation suggestions: Crude oil-----buy near 68.90, target 69.90-72.00
NYMEX:CL1!Long
by BraveTigercat
Oil - Short Term Buy Idea Update!!!Hi Traders, on March 25th I shared this "Oil - Expecting Retraces and Further Continuation Higher" I expected to see retraces and further continuation higher. You can read the full post using the link above. The bullish move delivered as expected!!! If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 ------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:WTILong
by VladimirRibakov
Oil - Expecting The Price To Bounce Higher FurtherH1 - Price has created series of higher highs, higher lows structure Strong bullish momentum Higher highs based on the moving averages of the MACD indicator Expecting retraces and further continuation higher until the two strong support zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:WTILong
by VladimirRibakov
Crude oil-----buy around 69.00, target 69.90-70.90Crude oil market analysis: Crude oil has not been so strong for a long time. The K-line has uploaded the daily moving average, and the bulls have begun to rush up. The current suppression position is 70.00-70.60. Yesterday, the highest peak was 70.22. Today's idea is to follow the short-term buying, buy at a low price to see its moving average rebound, and the daily moving average is also starting to attack. We don’t speculate whether this wave of upward rush will change the trend of the daily line, but we can be sure that the short-term is bullish. Today’s idea is to buy directly around 69.00. Fundamental analysis: Although there is no big data this week, the US tariffs still cause huge market fluctuations in terms of fundamentals. Operation suggestions: Crude oil-----buy around 69.00, target 69.90-70.90
NYMEX:CL1!Long
by BraveTigercat
USOil Sell 70.000Crude oil has been fluctuating and rising recently, reaching a three-week high. From a fundamental perspective: Supply: The United States has intensified its energy sanctions against Iran. Attacks on Saudi facilities have affected their performance. The OPEC+ will gradually lift the voluntary production cuts starting from April and may increase production for the second time in May. The 30-day ceasefire agreement between Russia and Ukraine has not been effectively implemented in substance. However, recently, the United States, Russia, and Ukraine have reached some consensus on Black Sea navigation and the protection of energy facilities. Inventory: According to API data, for the week ending March 25, U.S. crude oil inventories dropped significantly by nearly 9 million barrels. However, commercial crude oil inventories have been increasing continuously for several weeks, and the overall inventory remains at a high level. Geopolitics: The U.S. airstrikes against the Houthi armed group in Yemen and Israel's military operations in the Gaza Strip have heightened concerns about the disruption of crude oil supplies in the Middle East. The United States' continuous strengthening of sanctions against Iran and Venezuela also includes a plan to impose a 25% tariff on countries importing Venezuelan crude oil. Production Increase Pressure: The daily supply increments of non-OPEC countries (such as the United States and Brazil) far exceed the global demand growth rate, which has long-term downward pressure on the oil price center. 💎💎💎 USOIL 💎💎💎 🎁 Sell@70.000 - 70.200 🎁 TP 68.5 68.0 67.5 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
TVC:USOILShort
by BenGray9
Oil - Expecting Retraces and Further Continuation HigherH1 - Bullish trend pattern in the form of higher highs, higher lows structure Strong bullish momentum Bearish divergence on the moving averages of the MACD indicator. Expecting retraces and further continuation higher until the two strong support zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:WTILong
by VladimirRibakov
Technical Analysis for WTI Crude Oil (Daily Chart)Current Price Action WTI crude oil is trading at $70.51, showing a recovery from the Liquidity Pool zone near the $66.00–$67.00 range. The price has approached a key resistance level around $71.00, which aligns with a previous area of rejection in February 2025. The chart suggests a potential pullback from this resistance level, as indicated by the projected downward arrow. Support Levels: $66.00–$67.00: This zone represents a significant liquidity pool where buyers have consistently stepped in, leading to a reversal in price. $65.00: A psychological support level and the lower boundary of the liquidity pool. Resistance Levels: $71.00: A critical resistance level that has acted as a ceiling for price action in recent months. $73.00: The next major resistance level if the price breaks above $71.00. Volume Profile Analysis The Volume Profile on the right side of the chart shows significant trading activity between $70.00 and $71.00, indicating strong resistance in this area. Above $71.00, the volume thins out, suggesting that a breakout could lead to a rapid move toward $73.00. Indicators and Momentum Trend: The price is recovering from a bearish trend but remains below the highs of $80.00 seen earlier in the chart. The current move appears to be a retracement within a broader downtrend. Potential Pullback: The projected arrow on the chart suggests a possible rejection at $71.00, with a pullback toward the $68.00–$69.00 range. Market Sentiment The chart reflects cautious optimism, with buyers stepping in at lower levels but facing strong resistance at $71.00. A breakout above this level could signal a shift in sentiment, while a rejection would confirm the continuation of the bearish trend. Conclusion WTI crude oil is at a critical juncture, testing the $71.00 resistance level. Traders should watch for a breakout above $71.00, which could target $73.00 and higher. Conversely, a rejection at this level may lead to a pullback toward the $68.00–$67.00 support zone. The liquidity pool near $66.00 remains a key area for buyers to defend in the event of further downside.
PEPPERSTONE:SPOTCRUDE
by fxtraderanthony
OIL Today's strategyIn the medium term, because the lower edge of the channel has been broken, the short force is relatively dominant, and crude oil may face certain downward pressure. However, today's crude oil prices are affected by tightening expectations on the supply side, geopolitics and other factors, and the short-term trend is strong, and there is a certain upward momentum on the technical side. Investors need to pay close attention to the breakout of key support and resistance levels. OIL Today's strategy buy@67.5-68 tp:69-69.5 We share various trading signals every day with over 90% accuracy Fans who follow us can get high rewards every day If you want stable income, you can contact me
TVC:USOIL
by HenryClarke
OIL Today's strategyIn the short term, there is a simultaneous advance of the long positions in crude oil. The price has tested the vicinity of $68.5 several times but encountered resistance. Moreover, after reaching around $65.2 at the lower level, it rebounded rapidly. The market still needs further testing. In the short term, it is advisable to sell high and buy low within the range of $68.5 to $65.2. OIL Today's strategy sell@67.5-67.9 buy:65.7-66.2 If you don't know how to do it, you can refer to my transaction.
TVC:USOIL
by HenryClarke
1
USOIL at Critical Support – Rebound Toward 73$?TVC:USOIL has reached a major demand zone, an area that has historically acted as strong support. This region has previously triggered sharp rebounds, making it a key level to watch for a potential bullish reaction. The recent sell-off has pushed the price deep into this zone, and early signs of rejection could indicate that buyers are stepping in. If support holds, we could see a recovery toward $73, aligning with a corrective move. However, if price fails to hold and breaks decisively below this zone, it would signal continued weakness, opening the door for further downside, possibly targeting the next support area. Traders should wait for confirmation, such as bullish price action, increased buying volume, or key reversal patterns before committing to long positions.
TVC:USOILLong
by DanieIM
16