OILUSD trade ideas
US OIL LONG SETUPPrice had created a good Demand Zone , Also Price is in an overall uptrend and pullback to the demand order block from which I took the entry, expected a minor retractment to pick my entry.
But it is what it is. Good Trade overall.
Potential Next setup Coming 🔥
_THE_KLASSIC_TRADER_.
Oil Steady as Sanction Threat LoomsOil prices held steady near recent highs after Trump threatened Russia with economic penalties if it doesn’t reach a ceasefire with Ukraine within 10–12 days. Traders are watching closely, as potential secondary sanctions on Russia could disrupt crude supply. However, skepticism remains over whether Trump will follow through, given his push for lower oil prices. The threat comes amid ongoing EU sanctions and ahead of key US trade deadlines and an OPEC+ meeting. Despite current tightness and summer demand, concerns of oversupply remain for later in the year.
On the technical side, the price of crude oil is still trading in a sideways range between $64 and $68. The moving averages are confirming a bullish trend in the market, while the Stochastic oscillator is at neutral levels, hinting that the short-term outlook for pricing could go either way. The Bollinger bands have contracted quite excessively, meaning that volatility is low; therefore, it could take some time for any significant moves. Currently, the price is testing the resistance of the 50-day simple moving average, while the first area of technical resistance lies around the $68 level, which is the upper boundary of the current sideways channel.
OILUSD Range Between 60–64.26 – Will Support Hold or Break?WTI Crude has been in a sideways range after the sharp drop in early April. Price recently tested resistance at 64.260 but failed to break higher, pulling back into the 60.000 support zone. This level has held multiple times, forming a key pivot.
Support at: 60.000 🔽, 55.931 🔽
Resistance at: 64.260 🔼, 67.000 🔼, 71.101 🔼
🔎 Bias:
🔼 Bullish: A strong rejection from the 60.000 zone followed by a breakout above 64.260.
🔽 Bearish: A daily/12H close below 60.000 opens the path to retest 55.931, and potentially lower.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
USOIL-LONG--severel times attemted to break the green channel's bottom side and failed
--price seems to go higher and push the upper side of green channel
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Crude Oil Short Setup
Entry: 66.40
SL: 67.20
TP: 64.85
Risk to Reward: 1.93
Bias: Bearish
I expect mid-term downside pressure on crude oil prices, mainly due to the following reasons:
The U.S. is mitigating the impact of energy tariffs by increasing domestic supply.
Pressure on OPEC to boost production is rising.
Global demand growth remains uncertain.
These factors may keep energy prices capped in the medium term and support bearish scenarios.
SELL PLAN – XTIUSD (15M)📉 SELL PLAN – XTIUSD (15M)
🗓️ Date: 23 July 2025
⏱️ Timeframe: 15-Minute
🔍 Context & Reasoning:
HTF Supply Zone (Red Zone)
Price entered the red HTF zone (noted as “4H T2,3,4”) and showed rejection.
This zone aligns with potential 4H Fair Value Gaps / Supply.
Sweep & Rejection
Liquidity sweep above previous highs followed by immediate bearish reaction.
Entry Confirmation
Bearish engulfing candle formed inside the HTF zone.
Price closed below 15M EMA (blue line) showing bearish momentum.
Dealing Range Valid
DR formed after rejection of the HTF zone.
Short-term bullish FVG created and violated.
Bearish FVG confirms continuation.
🎯 Entry Details:
Entry Price: ~66.12
Stop Loss: ~66.58 (Above HTF rejection zone)
Take Profit: ~65.12 (Near Weekly TP level)
🧠 Confluences:
Rejection from 4H Supply
Price closed below EMA
Clear swing failure / liquidity grab
DR confirmation on 15M
Multiple FVGs and breaker structure supporting the move
📌 Risk Management:
Risk-to-Reward: 1:2+
Risk per trade: Max 1%
If in drawdown: Use 0.5%
US OIL LONG RESULT Oil price was in a major Ascending Channel side and then created a broadening falling wedge indicating signs to the upside and I executed the short and price moved up as predicted.
Just overextended our TP without taking not of the resistance Trendline and previous supply zone 🤦
Still Closed as a Break Even trade though, but with Bett ler TP estimation could've been a good Trade.
We keep learning and improving together 💪🙏
_THE_KLASSIC_TRADER_.
USOILUSOIL is in strongly bearish trend.
Potentially printing LH and LL.
No strong sign of reversal shown.
Alligator mouth is open which indicates trend will continue.
we sell at CMP.
Oil Bulls Watch $67.0 for Breakout ConfirmationFenzoFx—Crude Oil trades slightly above the bullish FVG at $66.5, showing sideways momentum on the 1-hour chart. The $65.5 support is backed by volume interest and could drive prices higher.
If this level holds, bulls may target a retest of the descending trendline. For confirmation, a close above the $67.0 resistance is needed.
Please note that a close below $66.5 would invalidate the bullish outlook.
WILL CRUDE HOLD BEARISH TREND DURING FED CHAIR POWELL SPEECH?!!?CRUDE OIL
Looking for a BEARISH continuation, of last week's Friday Fall.
Take Profit near 2.00 Extension level (64.715)
Stop Loss above the previous Hourly high candlestick (66.103)
USOIL Will Go Higher! 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 approaching a key horizontal level 67.303.
Considering the today's price action, probabilities will be high to see a movement to 71.215.
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.
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USOIL Under Technical Pressure: 1D Timeframe Breakdown Hey Guys,
The 66.584 level currently stands as the strongest support zone for USOIL. If this level breaks with a candle close, the next major target could drop to 55.666.
This setup is based on the 1-day timeframe. I highly recommend keeping a close watch on that key level.
Every like from you is my biggest motivation to keep sharing these insights. Thanks so much to everyone who’s showing support!
USOIL H4 bullish upward ⚠️ Disrupted Analysis – WTI Crude Oil (4H Chart)
🔻 Bearish Pressure Re-Entering
Despite a temporary candle breakout, the price failed to sustain above the breakout trendline.
The recent price action inside the orange circle shows lower highs and rejection wicks, indicating bullish weakness.
📉 Potential Breakdown Risk
If the price fails to hold above 66.00, there's a high probability of it breaking below the support area around 64.80–65.00, leading to:
Increased bearish momentum
Retesting lower demand zones, possibly around 63.50–64.00
❌ Resistance Area Still Valid
The Resistance area at 68.00–69.00 remains unchallenged.
The "Target" shown is optimistic under current momentum.
Without strong volume and bullish candles, that target remains unlikely in the near term.
🔁 Disruption Summary
The bullish breakout is likely a false breakout.
Market may be forming a bull trap.
Watch for a clean break below 65.00 for confirmation of a bearish reversal.
WTI Oil H4 | Falling toward a multi-swing-low supportWTI oil (USOIL) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 64.84 which is a multi-swing-low support that aligns closely with the 61.8% Fibonacci retracement.
Stop loss is at 61.80 which is a level that lies underneath a multi-swing-low support.
Take profit is at 69.36 which is a swing-high resistance.
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Crude Oil -DAILY- 21.07.2025Oil prices were steady after their first weekly decline this month, as attention shifted to U.S. trade negotiations and the European Union’s push to tighten restrictions on Russian energy exports. The EU is preparing new sanctions, including a lower price cap on Russian crude, limits on fuel refined from Russian oil, banking restrictions, and bans targeting an Indian refinery and Chinese firms. Despite western sanctions, Russian oil continues flowing to China and India. Meanwhile, diesel margins in Europe remain strong, signaling tight supply.
On the technical side, the price of crude oil has failed to break below the major technical support area, which consists of the 50-day simple moving average and the 50% of the weekly Fibonacci retracement level. The Stochastic oscillator has been in the neutral level since last week hinting that there is potential for the price to move to either direction in the near short term. On the other hand, the Bollinger bands have contracted rather massively showing that volatility has dried up therefore, the recent sideways movement might extend in the upcoming sessions.
Disclaimer: The opinions in this article are personal to the writer and do not reflect those of Exness
Bullish bounce?WTI Oil (XTI/USD) has bounced off the pivot and could rise to the 1st resistance that is slightly below the 50% Fibonacci retracement.
Pivot: 65.64
1st Support: 60.22
1st Resistance: 71.20
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Oil Bearish for next weekOil will be bearish for next week. Toxic Sell and Calender spread shows the direction.
$USOIL: Will we see breakout or breakdown from this wedge? I have been watching the Commodity markets recently keenly to get direction or for market indications. AMEX:GLD , Copper and TVC:USOIL are the big 3 which determines the direction of commodity markets and hence the inflation. Inflation dictates direction of TVC:US10Y , TVC:DXY and hence the Equity markets. So, what are commodity markets telling us? With AMEX:GLD and OANDA:XCUUSD at ATH what does this mean for TVC:USOIL : TVC:USOIL Is in a bearish pattern and no sign of concrete bullish reversal on the commodity. Recently it has shown some signs of strength but still below its 0.5 Fib retracement level which is at 68 and we have time and again said that 0.318 Fib level at 80 $ might prove to be an upper resistance which will be difficult to breakout.
In the recent months whenever TVC:USOIL tries to break out of the 60 RSI sellers came back and pushed the prices down. Currently with RSI at 50 we might have some room for upside. Oil bulls can have a 20% upside in the RSI taking it to 60 which has historically proved to be a resistance. And a 20% upside in price is also possible with price hitting our 0.318 resistance level of 80%. Above that there is limited upside for $USOIL. The downward slopping wedge shown below indicates a breakout might be imminent which might take TVC:USOIL to 80 $ which is our highest target in this range bound market.
In contrast the bull run in other important commodities like AMEX:GLD and COPPER might have some legs as they are showing strength by breaking above the previous ATH. It is always a good idea to buy strength and ATH.
Verdict: TVC:USOIL remains range bound with 55 $ on lower bound and 80 on the upper bound. Commodity bulls can look at AMEX:GLD and OANDA:XCUUSD for better returns.
USOIL: Bullish Continuation & Long Trade
USOIL
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy USOIL
Entry - 66.40
Stop - 65.95
Take - 67.48
Our Risk - 1%
Start protection of your profits from lower levels
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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