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Wticrudeoil

WTI CRUDE OIL: There is no better time to sell that this.WTI Crude Oil has turned overbought on its 1D technical outlook (RSI = 71.048, MACD = 2.830, ADX = 41.529) and this is technically the most efficient level to sell on the long term. Not only is that the top of the dotted Channel Down but last week the price got very close to the 1W MA200, which has produced the last 3 major rejections since the week of August 12th 2024. Technically the market still has some room to move upwards and test it but since it rose purely on the latest Middle East conflict, it is more likely than not to see an equally quick price deflation and rebalancing. The earlier bearish waves (September 2023 onwards), initially targeted the 0.786 Fibonacci level and then bounced. That translates to TP = 61.00 (at least) towards the end of the year. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
1
WTI(20250620)Today's AnalysisMarket news: The Bank of England kept interest rates unchanged at 4.25%, and the voting ratio showed that internal differences were increasing. Traders expect the bank to cut interest rates by another 50 basis points this year. Technical analysis: Today's buying and selling boundaries: 74.33 Support and resistance levels: 77.40 76.25 75.51 73.15 72.40 71.26 Trading strategy: If it breaks through 73.15, consider buying, and the first target price is 75.00 If it breaks through 72.40, consider selling, and the first target price is 71.26
NYMEX:CL1!Long
by NuggetsWarriors
Trump’s “ambiguous” statement, where will oil prices go? 💡Message Strategy Trump's remarks are repeated, and the geopolitical premium still limits the downward space of oil prices Trump said that the United States "may or may not" join Israel's actions against Iran. Analysts pointed out that if the United States is officially involved in the conflict, oil prices may rise by $5; if peace talks are launched, they may fall by the same amount. The geopolitical focus is still on the Strait of Hormuz Iran produces 3.3 million barrels of oil per day, but more importantly, about 19 million barrels of crude oil are transported through the Strait of Hormuz. The escalation of the conflict may threaten the safety of the waterway. The Fed's policy turn to dovish failed to effectively support oil prices Although the Fed hinted that it may cut interest rates twice this year, Chairman Powell emphasized that the decision still depends on inflation data, and Trump's upcoming new round of import tariffs may push up prices and limit the boost in oil demand brought about by loose policies. 📊Technical aspects From the daily chart level, crude oil prices in the medium term broke through the upper resistance of the range and tested a new high of 75.50. The moving average system is in a bullish arrangement, and the medium-term objective trend is in the direction. The current trend is in the upward rhythm of the main trend. The MACD indicator fast and slow lines overlap with the bullish column above the zero axis, indicating that the bullish momentum is currently full, and it is expected that the medium-term trend is expected to usher in a wave of rising rhythm. 💰Strategy Package Long Position:73.00-73.50，SL：72.50 The first target is around 75.50 The second target is around 76.50 If the situation in the Middle East escalates, the room for crude oil to rise will be enlarged
TVC:USOILLong
by TheodoreSilas
The wealth code of crude oil is: low and long 💡Message Strategy According to market research, Iran's crude oil export infrastructure has not been directly hit yet, and most of the impact is still concentrated on shipping. However, analysts pointed out that once the conflict spreads to the entire region, oil prices are likely to rise further. The Strait of Hormuz has become the market's biggest concern. It is the throat of about one-fifth of the world's crude oil supply. Although there is no sign that Iran is trying to block the channel, any escalation of the situation may pose a serious threat to the global energy supply chain. "Trump's threat to Iran's supreme leader shows that diplomatic channels are no longer effective," said Charu Chanana, chief investment strategist at Saxo Financial Markets Ltd. in Singapore. "If Iran's exports are interrupted, or even in the worst case scenario such as the Hormuz blockade, oil prices may soar rapidly." The rise in geopolitical risks has also triggered turmoil in financial markets, with investors turning to safe-haven assets such as gold, and the volatility of the crude oil market has hit a three-year high. At the same time, crude oil producers have stepped up hedging operations, and futures and options trading volumes have surged. The latest API crude oil inventory data showed that U.S. crude oil inventories fell sharply last week, further reinforcing market expectations of tight supply. According to data released by the American Petroleum Institute (API) in the early hours of June 18, U.S. crude oil inventories fell by 11 million barrels in the week ending June 14, far exceeding market expectations of a decline of 2.5 million barrels, marking the largest weekly drop since August last year. 📊Technical aspects From a technical perspective, the daily chart of US crude oil (WTI) shows a clear bullish trend. After breaking through the previous high of $72, the price quickly rose and stabilized above $75, showing strong upward momentum. The current K-line has closed with long positive lines, and the red column of the MACD indicator has expanded, and the fast and slow lines have crossed, indicating that the bullish momentum continues to increase. At the same time, the price has moved away from the 20-day and 50-day moving averages. There is a possibility of a technical correction in the short term, but the overall trend is still upward. If the geopolitical situation continues to be tense, the target may be raised to $77.5 or even the integer mark of $80, and the support will focus on the vicinity of $72.50. 💰 Strategy Package Crude oil has reached our upward target of 74.00 yesterday and fell back. The current upward pressure on crude oil is around 75.50. If it breaks through upward, it will soon reach our second target of 77.50. rend: Upward trend Support: Around 72.50 Resistance: Around 75.50 Long Position:72.00-72.50，SL：71.50 The first target is around 75.00 The second target is around 77.50
TVC:USOILLong
by TheodoreSilas
WTI Crude Oil bullish on geopolitical riskWTI Price: Trading around $74.60, extending gains in European trading hours. Key Drivers Today: Geopolitical Risk: Tensions between Israel and Iran are rising. Trump called for Iran’s “unconditional surrender,” increasing fears of US involvement. Iran may shut the Strait of Hormuz — a key oil shipping route — which could disrupt supply and push prices higher. Bullish API Inventory Data: US crude stockpiles dropped by 10.1 million barrels last week (vs. -0.6M expected). Signals strong demand or tighter supply, adding bullish pressure to WTI. Trading Implication: Geopolitical risk + surprise inventory draw = bullish bias for WTI. Watch for momentum toward $77.20 resistance, with support near $71.80. Eyes now on EIA data for confirmation and any new Middle East headlines for further upside. Key Support and Resistance Levels Resistance Level 1: 77.20 Resistance Level 2: 7940 Resistance Level 3: 82.00 Support Level 1: 71.80 Support Level 2: 70.00 Support Level 3: 69.00 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation
The best opportunity is when crude oil falls 💡Message Strategy Crude oil futures fell in the European session on Monday (June 16), giving up earlier gains, as a new round of hostilities between Israel and Iran had limited impact on oil production and exports. WTI briefly rebounded to $77.49, close to last week's high, which was also our second profit target, but failed to break through the key resistance level near $78.09. Oil prices surged 7% on Friday, driven by geopolitical risks, pushing crude to its highest level since January. However, Monday's reversal reflected the lack of immediate threats to supply routes, especially the strategically important Strait of Hormuz. If Iran's production drops sharply due to the conflict, the global oil supply buffer will be quickly exhausted and oil prices may usher in a new round of surges. Faced with this complex situation, investors, oil-producing countries and consumers need to be prepared to meet the possible energy storm. This is also the reason why we repeatedly emphasize that crude oil should be long when it falls. We can foresee its upward momentum, and the pullback is only in a moment without any signs. 📊Technical aspects The short-term (1H) trend of crude oil continued to fluctuate upward, and the price near 74 was tested. The moving average system relies on the bullish arrangement of oil prices, and the short-term objective trend direction remains upward. In the morning, the oil price hit a new high near 75.30, and then fell back and closed with a negative real candlestick. The short-term momentum is still bullish, and it is expected that the trend of crude oil will continue to maintain a high-level oscillating upward rhythm. 💰 Strategy Package Long Position:69.50-70.50 The first target is around 73.00 The second target is around 75.00
TVC:USOILLong
by TheodoreSilas
WTI(20250617)Today's AnalysisMarket news: Revised version of the Republican tax cut bill in the US Senate: It is planned to raise the debt ceiling to 5 trillion, and the overall framework is consistent with the House version. Technical analysis: Today's buying and selling boundaries: 70.41 Support and resistance levels: 75.98 73.90 72.55 68.27 66.92 64.84 Trading strategy: If the price breaks through 72.55, consider buying, and the first target price is 73.90 If the price breaks through 70.41, consider selling, and the first target price is 68.27
NYMEX:CL1!Short
by NuggetsWarriors
WTI Crude Oil Regains Bullish MomentumWTI Crude Oil Regains Bullish Momentum WTI Crude oil prices climbed higher above $70.00 and might extend gains. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI Crude oil prices started a decent increase above the $65.00 and $68.50 resistance levels. - There is a major bullish trend line forming with support at $71.50 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price started a decent upward move from $65.00 against the US Dollar. The price gained bullish momentum after it broke the $68.50 resistance and the 50-hour simple moving average. The bulls pushed the price above the $69.50 and $71.50 resistance levels. The recent high was formed at $74.80 and the price started a downside correction. There was a minor move below the 50% Fib retracement level of the upward move from the $69.55 swing low to the $74.83 high. The RSI is now below the 60 level. Immediate support on the downside is near the $71.50 zone. There is also a major bullish trend line forming with support at $71.50 and the 61.8% Fib retracement level of the upward move from the $69.55 swing low to the $74.83 high. The next major support on the WTI crude oil chart is near the $69.50 zone, below which the price could test the $67.90 level. If there is a downside break, the price might decline toward $65.20. Any more losses may perhaps open the doors for a move toward the $63.75 support zone. If the price climbs higher again, it could face resistance near $72.50. The next major resistance is near the $74.80 level. Any more gains might send the price toward the $78.50 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
4
WTI(20250616)Today's AnalysisMarket news: Trump: The United States may still intervene in the Iran-Israel conflict. If Iran launches an attack on the United States, the United States will "fight back with all its strength on an unprecedented scale." Iran and Israel should reach an agreement. Technical analysis: Today's buying and selling boundaries: 71.11 Support and resistance levels: 78.59 75.79 73.98 68.24 66.43 63.64 Trading strategy: If the price breaks through 73.98, consider buying in, the first target price is 75.79 If the price breaks through 71.11, consider selling in, the first target price is 68.24
NYMEX:CL1!Long
by NuggetsWarriors
Crude oil is the ultimate winner 💡Message Strategy Currently trading around $70.00 a barrel during Friday's European session, crude oil prices surged on growing concerns about supply disruptions. Rising tensions in the Middle East threaten navigation through the Strait of Hormuz, a key passage for about 20% of global oil shipments. 📊Technical aspects From the daily chart level, crude oil prices in the medium term broke through the upper resistance of the range and tested a new high of 75.50. The moving average system is in a bullish arrangement, and the medium-term objective trend is upward. The current trend is in the upward rhythm of the main trend. The MACD indicator fast and slow lines overlap with the bullish column above the zero axis, indicating that the bullish momentum is currently full, and it is expected that the medium-term trend is expected to usher in a wave of rising rhythm. The short-term (1H) trend of crude oil continued to fluctuate upward, and the price near 74 was tested. The moving average system relies on the bullish arrangement of oil prices, and the short-term objective trend direction remains upward. Oil prices hit a new high near 75.30, and then fell back and closed with a negative real candlestick. The short-term momentum is still bullish, and it is expected that the trend of crude oil will continue to maintain a high-level oscillation upward rhythm. 💰 Strategy Package Long Position:70.09-71.50
TVC:USOILLong
by TheodoreSilas
Oil prices surge amid Middle East turmoil 💡Message Strategy WTI prices climbed to a nearly two-month high, weighed down by rising geopolitical tensions in the Middle East. 📊Technical aspects From the daily chart level, crude oil's medium-term trend is upward around the moving average system, and the medium-term objective trend is mainly oscillating upward. Oil prices gradually rise to the upper edge of the range. From the perspective of momentum, the MACD indicator fast and slow lines cross the zero axis upward, and the bullish momentum begins to warm up. The K line closes with a small positive line continuously. If the oil price breaks through the range resistance in the later period, the medium-term trend is expected to further rise and test the 80 line. The short-term (4H) trend of crude oil fluctuated upward and hit a new high of 70. The moving average system is arranged in a bullish pattern, and the short-term objective trend direction remains upward. The K-line closed with a large real positive line in the early trading, showing an upward main trend. The MACD indicator opened upward above the zero axis, and the bullish momentum was dominant. It is expected that the crude oil trend will continue to break upward during the day. 💰 Strategy Package Long Position:70.00-72.20，Target 75.50
TVC:USOILLong
by TheodoreSilas
Chasing Oil Spikes? How Geopolitics Can Wreck SetupsOil prices surged over 12% in Asia on Middle East headlines, sparking a surge of volatility across safe-haven currencies and stock market futures during thin trade. It felt like a good time to provide food for thought to newer traders looking to chase these moves, highlight the mockery geopolitics can make of technical analysis with recent examples, and provide a filter for when the waters may be safer to reenter. Matt Simpson, Market Analyst at City Index and Forex.com
NYMEX:CL1!
by CityIndex
WTI(20250613)Today's AnalysisMarket news: The number of initial jobless claims in the United States for the week ending June 7 was 248,000, higher than the expected 240,000, the highest since the week of October 5, 2024. The monthly rate of the core PPI in the United States in May was 0.1%, lower than the expected 0.30%. Traders once again fully priced in the Fed's two interest rate cuts this year. Technical analysis: Today's buying and selling boundaries: 66.96 Support and resistance levels: 69.10 68.30 67.78 66.13 65.61 64.81 Trading strategy: If the price breaks through 67.78, consider buying in, and the first target price is 68.30 If the price breaks through 66.96, consider selling in, and the first target price is 66.13
NYMEX:CL1!Long
by NuggetsWarriors
Crude oil is expected to break through the $68.00 mark 💡Message Strategy WTI crude oil futures prices soared during the European session on Wednesday (June 11), continuing Tuesday's gains, but failed to reach the important level of $66.45. Currently, bulls are focusing on whether they can clearly break through the technical resistance level to confirm the continued upward trend. OPEC+ plans to increase production by 411,000 barrels per day in July, the fourth consecutive month of increase. Its impact on global supply may be weakened. Domestic demand in Saudi Arabia and other OPEC+ members may increase in the summer, helping to absorb the additional supply. According to Capital Economics, this internal consumption may support oil prices in the short term by offsetting the increase in supply. China-US trade truce boosts risk appetite, but demand questions remain WTI hit a seven-week high, reflecting the recovery of market risk appetite after the China-US trade negotiations. The two sides have agreed on a framework for restarting the trade truce and easing rare earth export restrictions, boosting market sentiment. 📊Technical aspects Oil price forecast: Bullish bias strengthens above key resistance level If the bears regain control, $64.50 will be seen as the near-term support. A successful break above $66.75 could open up space for the next major upside target near $67.50. Supported by geopolitical tensions, easing trade concerns and stable demand fundamentals, the outlook for crude oil remains bullish, provided that WTI can close above $66.75. If a breakout is confirmed, it may attract new buying and push prices towards the $68 mark. However, if the current gains cannot be maintained, oil prices may fall back to the $64.50 range. 💰 Strategy Package Long Position: 64.50-65.00，65.00-65.30
TVC:USOILLong
by TheodoreSilas
WTI(20250612)Today's AnalysisMarket news: ① The EU hopes that the trade negotiations will be extended beyond the suspension period set by Trump. ② Bessant: As long as "sincerity" is shown in the negotiations, the Trump administration is willing to extend the current 90-day tariff suspension period beyond July 9. ③ Trump will hold multiple bilateral talks during the G7 summit. ④ The total customs revenue of the United States in May reached a record high of US$23 billion, an increase of nearly four times year-on-year. ⑤ Lutnick: One deal after another will be reached. Technical analysis: Today's buying and selling boundaries: 66.02 Support and resistance levels: 69.56 68.23 67.38 64.66 63.80 62.47 Trading strategy: If the price breaks through 67.38, consider buying in, and the first target price is 68.23 If the price breaks through 66.02, consider selling in, and the first target price is 64.66
NYMEX:CL1!Long
by NuggetsWarriors
Bulls on the Loose: US Oil Spot/WTI Heist Strategy! 🚨💰 THE OIL VAULT HEIST: US OIL SPOT/WTI TRADING STRATEGY 💸🔫 🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers 🤑💰💸✈️ Based on our 🔥Thief Trading style analysis🔥 (both technical and fundamental), here’s the master plan to heist the US Oil Spot/WTI Energy Market. Follow the blueprint carefully—this strategy focuses on long entries, with a daring escape planned near the high-risk Red ATR line Zone where bearish robbers and consolidation traps await. 🏆💸 Take your profit and treat yourself, fellow traders—you earned it! 💪🏆🎉 🕵️‍♂️ Entry 📈 💥 The vault is wide open! Time to swipe that bullish loot—heist is on! Place buy limit orders within the 15 or 30-minute timeframe, near swing lows/highs for pullback entries. 🛑 Stop Loss 🛑 📍 Thief’s SL—recent swing low and below the moving average (4H timeframe) for day/swing trades. 📍 Adjust SL based on risk, lot size, and number of orders. 🎯 Target 🏴‍☠️💥 69.000 (Aim for the big loot!) OR escape before the target 🔥 Market Heist Overview The UK Oil Spot/Brent market is currently showing bullishness 🐂, driven by key factors—perfect for a day/scalping trade robbery! ☝☝☝ 📰 Additional Tools & Analysis 📊 Get the Fundamental, Macro, COT Report, Quantitative Analysis, Sentiment Outlook, Intermarket Analysis, Future Targets—check our bi0 liinks 👉👉👉🔗🔗 ⚠️ Trading Alert: News Releases & Position Management 📰 News can rattle the vault! 💥 ✅ Avoid new trades during news releases. ✅ Use trailing stop-loss orders to protect profits. 💖 Supporting our heist plan? 💥 Smash the Boost Button 💥 to empower the robbery team. Let’s make money every day in this market with the Thief Trading Style! 🏆💪🤝❤️🎉🚀 👀 Stay tuned for the next robbery plan, thieves! 🤑🐱‍👤🤗🤩
FX:USOILSPOTLong
by Thief_Trader
Crude oil rose as expected 💡Message Strategy OPEC’s crude output increase in May was lower than required by the OPEC+ agreement, which had planned to increase production sharply last month. The five OPEC members that pledged to cut production in the OPEC+ agreement and are now gradually lifting the cuts had to increase production by a combined 310,000 barrels per day, but according to data from oil flow tracking companies and surveys of sources at OPEC, oil companies and consultancies, they only increased production by 180,000 barrels per day. This was because Iraq cut production to make up for a long period of overproduction, while Saudi Arabia and the UAE increased production by less than their target levels, the survey found. Saudi Arabia had the largest increase in May compared to April. According to the survey, OPEC's largest producer and de facto leader, as well as the leader of the OPEC+ alliance, increased production by 130,000 barrels per day. This is also one of the driving forces accelerating gold's rise 📊Technical aspects WTI crude oil prices finally extended their upward momentum. However, crude oil prices have risen as tensions in the US-China trade war ease and global oil demand recovers from tariff-related pressures. From the daily chart level, crude oil's medium-term trend is hovering around the moving average system, and the medium-term objective trend is mainly fluctuating and rising. Oil prices gradually rise to the upper edge of the range. From the perspective of momentum, the MACD indicator fast and slow lines cross the zero axis upward, and the bullish momentum begins to warm up. The K line closes with a small positive line continuously. If the oil price breaks through the range resistance in the later period, the medium-term trend is expected to further rise and test the 70 line The short-term (2H) trend of crude oil continued to rise. The oil price encountered resistance near 65.40, and the K-line crossed the moving average system, and the short-term objective upward trend changed. The second large real negative line formed the main rhythm. It is expected that the crude oil trend will further fall to around 64.50 during the day, and then restart the upward momentum. 💰 Strategy Package Long Position: 64.50-65.00，65.00-65.30
TVC:USOILLong
by TheodoreSilas
1
WTI Crude Oil INTRADAY Bullish breakout supported at 6380Trend Overview: WTI Crude Oil remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher. Key Technical Levels: Support: 6380 (primary pivot), followed by 6320 and 6250 Resistance: 6650 (initial), then 6740 and 6830 Technical Outlook: A pullback to the 6380 level, which aligns with the previous consolidation zone, could act as a platform for renewed buying interest. A confirmed bounce from this support may trigger a continuation toward the next resistance levels at 6650, 6740, and ultimately 6830. Conversely, a daily close below 6380 would suggest weakening bullish momentum. This scenario would shift the bias to bearish in the short term, potentially targeting 6320 and 6250 as downside levels. Conclusion: WTI Crude Oil maintains a bullish structure while trading above the 6380 support. A bounce from this level would validate the consolidation as a continuation pattern, with upside potential toward the 6650 area. A breakdown below 6380, however, would invalidate this view and suggest deeper corrective risk. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation
USOIL Trade Setup: Watching for a Bullish Break After Pullback 📈 US OIL Trade Plan Currently, USOIL is in a strong bullish trend 🔥 — price action has pushed into overextended territory, which opens the door for a potential pullback 🌀. I'm watching for a WTI retracement into equilibrium, ideally aligning with the 50%–61.8% Fibonacci levels from the previous swing low to high 🔍📉. If price corrects into that zone and we find support, followed by a bullish break in market structure 💥 — that would be the confirmation I’m waiting for to consider a long position 🚀. ⚠️ Key Level to Watch: That structure break is the trigger — no confirmation, no trade 🧠. ⚠️ Disclaimer: This content is for educational and informational purposes only and should not be considered financial advice. Always conduct your own analysis and consult a professional before making trading decisions. Trade responsibly.
PEPPERSTONE:SPOTCRUDELong
by fxtraderanthony
The trend after the surge in crude oil prices 💡Message Strategy Core economic data and event-driven The US employment report boosted expectations of rate cuts. According to the US Department of Labor, the unemployment rate stabilized at 4.2% in May, and 139,000 new non-farm jobs were added (the previous value was revised down). Phil Flynn, senior analyst at Price Futures Group, pointed out: "The employment data is 'just right', neither too hot nor too cold, but it strengthens the possibility of the Fed's rate cut." The expectation of a rate cut is seen as a potential positive for the crude oil market, as loose policies may stimulate economic recovery and boost oil demand. OPEC+ moderately increased production to balance market expectations. OPEC+ reached an agreement on Saturday to increase production by 411,000 barrels per day in July, which is lower than Saudi Arabia's proposal, but in line with market expectations. HSBC analysts believe: "Summer oil demand will peak in July-August, matching the increase in OPEC+ supply, and the market supply and demand will tend to balance in the second and third quarters." The decision did not suppress oil prices, but instead eased concerns about oversupply. 📊Technical aspects WTI crude oil: closed at $64.73 per barrel on Friday, up 2.21% on the day and 6.55% this week. It is about to reach our strategic target of 65.00. When everyone is looking at the decline of crude oil, our strategy is firmly on the rise, and the result is consistent with our direction. From a technical perspective, the daily chart of US crude oil (WTI) shows that the price is running in a short-term rising channel, with support at around $63, while the upper resistance is concentrated in the $64.50 area. In recent trading days, WTI has received support at the 60-day moving average and successfully broke through the 20-day moving average, indicating that the short-term bullish momentum is gradually increasing. At the same time, the MACD indicator shows a golden cross signal, and the momentum column continues to expand, indicating that the price is expected to further test the $65 mark. If the resistance level can be effectively broken, the next target may be $67. 💰 Strategy Package Long Position: 63.50-64.00
TVC:USOILLong
by TheodoreSilas
1
Crude Oil Tests Monthly High—Bullish or Liquidity Grab? FenzoFx—Crude Oil broke above its previous monthly high at $64.61, trading around $65.27. While a bullish trend is indicated by a 23,000 increase in buy-side contracts, technical signals suggest caution. RSI 14 shows bearish divergence, and the Stochastic Oscillator remains overbought. Oil could consolidate before resuming its uptrend. Buying breakouts isn’t advised. A dip toward $63.02 may offer a discounted entry.
CFI:WTILong
by FenzoFxBroker
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
MATBAROFEX:WTI1!Long
by NuggetsWarriors