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WTI Crude (OIL) / US DollarWTI Crude (OIL) / US DollarWTI Crude (OIL) / US Dollar

WTI Crude (OIL) / US Dollar

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USCRUDEOIL - Potential SellHi Traders, Here is my view on CMCMARKETS:USCRUDEOIL BIAS: SELL Logical Analysis: From April 2020 to March 2022, oil experienced strong buyer demand, pushing price aggressively from the $7 level up to around $120. At that point, sellers stepped in, and a temporary agreement between buyers and sellers was established around the $120 zone — a fair value at the time. Since March 2022, price has been declining — entering a discount phase. However, the move has not been sharp or aggressive, suggesting sellers are not in a rush. Importantly, no significant buyer interest has been observed during this entire discounted phase. 🛒 Interpretation: The “store” (market) offered oil at a huge premium until buyers stopped stepping in at high prices. Since then, the price has been marked down gradually, waiting for a new batch of interested buyers — who haven’t shown up yet but be aware. Technical Analysis: see chart Good Luck
CMCMARKETS:USCRUDEOILShort
by tarati.lorenzo
Will crude oil prices continue to rise?On Wednesday, international crude oil prices surged to nearly a one-month high amid market concerns over supply disruptions in the Middle East. News that Israel may strike Iranian nuclear facilities has ignited a risk premium for crude oil, while stalled progress in U.S.-Iran nuclear negotiations has also tightened supply expectations. The latest data from the Fujairah Oil Industrial Zone in the UAE showed that as of the week ending May 19, total refined product inventories at the Port of Fujairah stood at 20.562 million barrels, a 4.9% decline from the previous week. Light distillate inventories fell by 357,000 barrels to 8.277 million barrels, medium distillate inventories dropped by 467,000 barrels to 1.295 million barrels, and heavy residual fuel oil inventories rose by 1.651 million barrels to 10.99 million barrels. Crude oil experienced a pullback today, with prices oscillating lower after the opening, showing minor fluctuations. Notably, prices gradually broke to new lows, suggesting a high probability of a rapid decline. Overall, crude oil has been in a stalemate between rally and correction recently, showing a pattern of daytime declines and night-time gains, but this may shift today. In trading, consider going long on rebounds as the primary strategy and shorting at highs as a secondary approach. Monitor resistance at the $63.0-$64.0 per barrel level and support at the $61.0-$60.0 per barrel level. Trading Strategy: buy@60.0-61.0 TP:63.0-64.0 In the market, there are no absolutes, and neither upward nor downward trends are set in stone. Therefore, the ability to judge the balance between market gains and losses is your key to success. Let money become our loyal servant.
TVC:USOILLong
by Ashbur
Crude oil: 63.00 resistance & 60.00 support keyPrices are currently testing the upper resistance at $63.00 📈. These levels are suppressing the price 🔻. A decisive breakthrough above this level may trigger a more intense upward rally 🔥. Meanwhile, recent selling pressure has pushed the price down to $60.60 📉. Watch the pivot support at $60.00, the real downward target 🎯 Crude oil surplus expanded in April, and imports increased, reaching multi - month highs from some countries 🌍. If global benchmark oil prices rise in the future, purchases may be reduced 📉. Crude oil fell first and then rose today 📊. After a deep dive to $60.9, it stabilized and started to rise 🔼. After the previous price increase and adjustment, it remains to be seen if the upward momentum will continue and break through upwards 🔍. Overall, on the delivery day, oil prices are volatile 🔼🔽. Watch the resistance at $63.0 on the upside and the support at $60.60 - $60.0 on the downside 👀. ⚡️⚡️⚡️ USOil ⚡️⚡️⚡️ 🚀 Sell@ 62.50 - 62.30 🚀 TP 61.50 - 60.60 Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
TVC:USOILShort
by Sovereign-
USOILUSOIL (WTI Crude) Fundamentals – May 2025 1. Supply and Demand Dynamics Global Oil Demand: The International Energy Agency (IEA) projects global oil demand growth will slow from 990,000 barrels per day (bpd) in Q1 to around 650,000 bpd for the rest of 2025, reflecting economic headwinds and record-high efficiency gains. The IEA’s latest report (May 2025) estimates total demand will rise by 741,000 bpd in 2025, reaching 103.9 million bpd, with emerging markets (China, India, Africa, Latin America, Middle East) driving most of the growth. OECD demand is expected to decline, while non-OECD demand remains geographically diversified. Global Oil Supply: Global crude oil and liquids supply is forecast to average 104.4 million bpd in 2025, up 1.8 million bpd (+1.7%) from 2024. Non-OPEC+ countries (U.S., Brazil, Guyana, Canada) are expected to contribute most of the supply growth, potentially resulting in a supply surplus. OPEC+ extended its 3.7 million bpd supply cuts to the end of 2026, but voluntary cuts will be gradually phased out starting April 2025. Supply-Demand Balance: The EIA expects a supply surplus in 2025 as non-OPEC+ supply growth outpaces demand increases, especially with OPEC+ phasing out some cuts. 2. Inventory and Refinery Data U.S. Inventories: U.S. commercial crude oil inventories fell by 2.7 million barrels at the end of April, now about 6% below the five-year seasonal average. Gasoline and distillate inventories remain below average, suggesting tightness in refined product markets. U.S. refineries are operating at 88.6% capacity, with robust input and flat-to-lower gasoline production. 3. Geopolitical and Macro Factors Trade Policy and Geopolitics: Recent easing of U.S.-China trade tensions and progress in U.S.-Iran nuclear talks have improved risk sentiment and supported oil prices. Hopes for a Russia-Ukraine ceasefire and de-escalation in the Middle East have reduced risk premiums, but the market remains sensitive to any setback in negotiations. OPEC+ Compliance: OPEC+ compliance with production cuts was high (112%) in March 2025, tightening supply and helping prices rebound from recent lows. 4. Price Trends and Outlook Current Prices: WTI crude is trading around $62.80–$63.50, rebounding from recent lows but still well below early 2025 peaks. Price volatility remains high (Brent’s 30-day realized volatility peaked at 35%), reflecting sensitivity to geopolitical headlines and inventory data. Forecasts: J.P. Morgan maintains a Brent forecast of $66/bbl for 2025, with expectations for prices to remain under pressure due to supply surplus, but potential for mid-$70s if trade optimism and OPEC+ discipline persist. Futures markets price WTI at an average of $75/bbl for 2025, though this is above current spot prices. Summary Table Factor Current Status/Impact (May 2025) Global Demand Growth Slowing, driven by emerging markets Global Supply Rising, led by non-OPEC+ (US, Brazil, Guyana) OPEC+ Policy Extended cuts, gradual phase-out US Inventories Below 5-year average, supporting prices Geopolitical Risk Lower, but market remains headline-sensitive WTI Price Range $62.80–$63.50 (recent), futures avg $75/bbl Volatility High, driven by macro and geopolitical uncertainty Conclusion USOIL fundamentals for May 2025 reflect a market balancing slower demand growth, robust non-OPEC+ supply, and cautious optimism on geopolitics. Ongoing OPEC+ discipline and below-average inventories provide some support, but the risk of a supply surplus and persistent volatility keep prices capped. Watch for trade policy shifts, OPEC+ compliance, and inventory trends as key catalysts for the month.
TVC:USOILShort
by Shavyfxhub
The main strategy is to go long on pullbacksDuring the Asian trading session on Monday, Brent crude fell slightly by $0.05 to $65.15 per barrel; WTI crude was quoted at $61.76, while the more actively traded July contract dropped $0.04 to $61.93. Both benchmark oil prices recorded weekly gains of over 1% last week, mainly boosted by the easing of global trade sentiment. The market will closely monitor data to be released soon by a major Asian economy, including April industrial added value, fixed asset investment, and retail sales. ANZ Bank noted in a report that weak data from the major Asian economy could undermine the optimism brought by the tariff suspension, thereby pressing down oil prices.👉👉👉 The K-line closed as a yang line with a long lower shadow, indicating strong bullish momentum from buyers. The moving average system is gradually arranging in a bullish formation, relying on the oil price, and the short-term objective trend direction has turned upward. It is expected that the intraday crude oil trend will continue to rise, reaching near 63. Overall, in terms of crude oil trading strategies, it is recommended to focus on buying low on pullbacks and supplement with selling high on rebounds. In the short term, pay attention to the resistance at the 63.0-63.5 level above, and the support at the 61.0-60.5 level below. Oil trading strategy： buy @ 61.00-61.50 sl 60.00 tp 62.30-62.80 If you think the analysis helpful, you can give a thumbs-up to show your support. If you have different opinions, you can leave your thoughts in the comments. Thank you for reading!👉👉👉
TVC:USOILLong
by JeromeGrote
WTI Update | Oil CrashSince the last update we were able to perform about two to three swing trades. One from $70 - $79, and from $79 to $68. The next move I'm looking for is another short position from current market price ~($62) to swing to the next major low $33. We saw a rejection last week and we're currently pulling back to retest the little selloff we had. Could say this next local move will look to selloff mid week making its way back to $57 which would be a nice short term swing. The $33 target would be the long term swing of course and moving on I would like to see a break below $57 and a retest.
OANDA:WTICOUSDShort
by Nathanl19
USOIL next week trend analysis, hope it helps youOPEC+ confirmed at its meeting on May 31 that eight oil-producing countries under its mechanism will continue to increase production by 411,000 barrels per day (bpd) in July, maintaining the same pace as in May and June. Although the market had partially priced in this expectation, the continuation of the production increase plan has strengthened the long-term logic of loose supply. It is worth noting that this production increase is not a unified action by the entire alliance but rather the result of core members such as Saudi Arabia and Russia voluntarily exiting production cuts, reflecting cautious attitudes within OPEC+ toward demand prospects. With oil prices currently breaking below the key psychological threshold of $60 per barrel, if the production increase plan continues into the second half of the year, it may further suppress the upside room for oil price rebounds. USOIL next week trend analysis, hope it helps you USOIL SELL@61~60.5 SL:62 TP:60~59.5
TVC:USOILShort
by AndyHopkins
1
WTI CRUDE OIL: Repeated rejections on the 1D MA50.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 46.483, MACD = -0.530, ADX = 16.270) as it is trading sideways for the past 2 weeks, unable however to cross above the 1D MA50, which along with the LH trendline, keep the trend bearish. Sell and aim for thr S1 level (TP = 56.00). Emerging Bearish Cross also on the 1D MACD. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
Crude Oil (WTI) Technical Analysis – Bearish Harmonic Pattern 🛢️ Crude Oil (WTI) Technical Analysis – Bearish Harmonic Pattern Completion Pattern Overview: A Bearish Harmonic Pattern has been identified and completed. The final leg (point D) has touched the 50% Fibonacci retracement of the previous XA leg, which validates the pattern's structure. Key Observations: Price has reversed from the D point, suggesting potential downside continuation. Confirmation is observed with minor rejection wicks at the D zone. The harmonic pattern indicates trend exhaustion and a reversal probability. Price Action: The current market level is near $61.75. Price is expected to follow the projected zig-zag bearish path towards the target zone around $60, with further possible extension down to $58.90. Technical Conclusion: ✅ Harmonic pattern completed 🔻 Bearish sentiment initiated post-pattern 🎯 Target zone: $60–$58.90 Trading Insight: If price sustains below point D with weak bullish response, shorts will get initiated with tight stop-loss above D-point highs. Strong follow-through could bring a quick drop towards the projected support levels. ⚠️ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice or a trading recommendation. Please conduct your own research or consult with a financial advisor before making any trading decisions.
FX:USOILShort
by shiva560060
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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILLong
by SignalProvider
1
USOIL Today's Trading Strategy Hope this helps youThe situation in the Middle East remains tense. Although progress has been made in the Iranian nuclear negotiations, the outcome of the negotiations is full of uncertainties. There are numerous contradictions between the United States and Iran, and Israel is also eyeing Iran's nuclear facilities. Once a conflict breaks out, Iran's crude oil production and exports will be hindered, and oil transportation channels in the Middle East may also be affected, leading to a significant reduction in global crude oil supply. As a result, oil prices will likely rise rapidly. Such potential geopolitical risks provide room for imagination for the rise in crude oil prices. USOIL Today's Trading Strategy Hope this helps you USOIL BUY@60.5~61 SL:59.5 TP:61.5~62
TVC:USOILLong
by AndyHopkins
USOIL Today's Trading Strategy Hope this helps you On the supply side, although OPEC+ has a production increase plan, there are differences in the implementation efforts among member states. Some countries may be unable to fully implement the production increase target due to their own interests or production capacity limitations. In the case of U.S. shale oil, the current oil price is hovering near $60, close to the shale oil extraction cost line. If oil prices continue to fall, the production enthusiasm of U.S. shale oil enterprises will be dampened, and some oil wells may even be shut down, leading to a reduction in supply, which in turn will support oil prices. On the demand side, the global economic recovery trend has gradually become clear. With the continuous implementation of economic stimulus policies by various countries, industrial production activities have increased, and the transportation industry has gradually recovered, leading to a steady growth trend in crude oil demand. In particular, emerging economies, with their fast economic growth rates and large demand gap for crude oil, have become an important force driving the growth of crude oil demand. Geopolitical factors remain a key variable affecting oil prices. The situation in the Middle East is tense, the progress of the Iranian nuclear negotiations is slow, and the contradictions between Israel and Iran continue to escalate. Once a conflict breaks out, it will seriously affect crude oil production and transportation in the Middle East, leading to a global crude oil supply shortage and a inevitable sharp rise in oil prices. USOIL Today's Trading Strategy Hope this helps you USOIL BUY@60.5~61 SL:59.5 TP:61.5~62
TVC:USOILLong
by AndyHopkins
USOIL Today's Trading Strategy: Recent market signs indicate that oil prices may decline. From a supply perspective, some OPEC+ producers have relaxed production cuts, increasing crude oil supply in the market. Additionally, U.S. crude oil inventories increased by 2.4 million barrels last week, and output further rose, making the oversupply of crude oil more evident. On the demand side, under the influence of U.S. tariff policies, global economic growth has slowed, and market expectations for crude oil demand are relatively pessimistic. Although geopolitical tensions in the Middle East have eased, reducing the risk of supply disruptions, this has also caused oil prices to lose a strong supporting factor. USOIL Today's Trading Strategy: USOIL SELL@62.0~62.5 SL:63 TP:61~60
TVC:USOILShort
by AndyHopkins