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Oil - Crude (WTI)

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OIL_CRUDE trade ideas

WTI Crude: Bears Target 60.549 USDHey traders and investors! 🔹 Crude Oil — 1D / 4H 📍 Context Daily (1D): clear short trend; price capped below 65.40 USD. 4-Hour (4H): sideways range — its boundaries are marked by black lines on the chart — with seller initiative in control. Higher-time-frame levels reinforce the bearish bias. 🔎 Analysis Sellers keep the upper hand on 4H. The daily shows no strong buyer bars, sustaining downward pressure. If price retests the IKC zone and prints bearish confirmation (high-volume seller bar or buyer absorption), the odds of breaking 60.549 USD increase. 🎯 Trade Idea Setup: hunt for short patterns inside the IKC range. Target: 60.549 USD (range low). Confirmation: pattern on M15–H1 + seller-side volume. 📌 Takeaway Bears remain in control. Wait for a trigger inside the IKC zone and lower-TF confirmation before joining the move toward 60.549 USD. This analysis is based on the Initiative Analysis concept (IA). Wishing you profitable trades!
OANDA:WTICOUSD
by AlexeyWolf
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
USOIL Will Go Higher From Support! Buy! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 61.684. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 64.409 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. 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
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
WTI Crude Slips as Inventory Build Fuels Bearish MomentumWest Texas Intermediate (WTI) crude edged lower overnight, extending its recent pullback following the latest U.S. Energy Information Administration (EIA) weekly report for the week ending May 9. The data revealed an unexpected build of 3.45 million barrels in U.S. crude inventories, contrasting sharply with the prior week's 2.03 million-barrel draw and defying market expectations of a 1 million-barrel decline. This surprise uptick in stockpiles signaled softening demand, compounding existing bearish sentiment and sparking a fresh wave of selling. WTI has since declined approximately 2% from the May 13 high of $63.68, suggesting growing downside pressure. Technically, the price action appears poised to retest the key intermediate support at $60.00, a psychologically significant level. A decisive break below this area could expose the next major support at $55.12, a pivotal zone that aligns with the prevailing 7th March 2022 long-term downtrend. A breach of this support zone would likely confirm a broader bearish reversal, marking a critical milestone for oil markets. On the contrary, oil prices may consolidate around the $60.00–$61.50 range before moving higher. If buying interest increases, prices could rise toward the key $63.71–$65.70 cluster zone. A decisive break above $66.00 could further interest near-term gains and short to medium term uptrend. Traders will be closely watching upcoming macroeconomic indicators and geopolitical developments for further cues, with sentiment likely to remain fragile in the near term.
TVC:USOIL
by Blueberry
WTI Crude Oil (USOIL) Bullish Pullback Setup – Targeting $66.70 Entry Point: Around $62.30 - $62.26 Stop Loss: Set below the entry zone at $61.65, with a potential lower buffer at $60.90 Target Zone (EA TARGET POINT): Between $66.62 and $67.00 A projected gain of 4.22 points (~6.77%) 📈 Price Action & Indicators: The price had a strong bullish run recently and is now consolidating or pulling back slightly. The red and blue moving averages (likely short-term and medium-term MAs) show a bullish crossover and trend. There's a potential bullish setup if the price pulls back to the entry zone and finds support. The blue curved arrow indicates a projected bounce from the $62.30 support region back up toward the $66.70 target. 🛠️ Strategy Implied: Wait for pullback to the entry zone (~$62.30). Enter long at or around that level. Set Stop Loss at $61.65 to limit downside risk. Take Profit at $66.70 for a solid risk-reward ratio. ⚠️ Risks: If support at $62.30 fails, price may head toward $61.65 or lower. Market volatility (especially with crude oil) can invalidate setups quickly. Economic events (e.g., U.S. inventory reports, OPEC news) can disrupt technical patterns.
TVC:USOILLong
by EA_GOLD_MAN_COPY_TRADE
20
Potential bullish bounce?USO/USD has bounced off the support level which is an overlap support that lines up with the 38.2% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 60.39 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 57.93 Why we like it: There is a pullback support level that lines up with the 71% Fibonacci retracement. Take profit: 64.14 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! 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.
VANTAGE:USOUSDLong
by VantageMarkets
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
Crude Oil Analysis 16-May-2025Crude oil analysis and what are the possible scenarios we could see. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:OILUSD
by easyMarkets
Bullish bounce?WTI Oil (XTI/USD) has bounced off the pivot, which acts as an overlap support that is slightly above the 50% Fibonacci retracement and could rise to the 1st resistance. Pivot: 60.07 1st Support: 57.67 1st Resistance: 64.55 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
WTI Crude Returns to the $60 ZoneWTI crude oil has posted a drop of more than 4% in recent sessions as the market digests new announcements from OPEC+. The organization stated that current economic conditions could support growth in oil demand throughout 2025 and 2026. However, it remains firm in its decision to increase production starting in May and June, with monthly increments of 411,000 barrels per day, and has also announced another increase in July. This stance has sparked concerns in the market about a potential short-term oversupply. If this strategy persists, selling pressure could return to WTI price action in the coming sessions. Bearish Trend Since January 20, a clear bearish trend has been forming, pushing the barrel’s price below the $60 mark. While a notable upward move is currently underway, it remains insufficient to break the prevailing bearish formation, which continues to be the dominant technical structure in the short term. ADX The ADX line was previously hovering around the 40 level, reflecting high volatility in price movements. However, it has begun to flatten, and if this continues, it could suggest a loss of directional strength, paving the way for a more neutral price behavior. RSI The behavior of the RSI mirrors that of the ADX. It is currently oscillating around the 50 level, indicating a balance between buying and selling pressure, and reinforcing the potential for a neutral phase in the short term. Key Levels: $65 – Current Resistance: Aligns with the 38.2% Fibonacci retracement and acts as a key psychological level. A breakout above this level could extend the current bullish bias over the coming sessions. $67 – Distant Resistance: Matches the 50% Fibonacci retracement and a sideways zone observed in March. Sustained moves above this area could challenge the existing bearish structure on the chart. $60 – Crucial Support: Represents a consistent area of indecision in recent months. If the price returns to this level, the previous bearish structure could regain strength in the short term. Written by Julian Pineda, CFA – Market Analyst
FOREXCOM:USOIL
by FOREXcom
WTI OIL Buy and sell levels within its Channel Down.WTI Oil (USOIL) has been trading within a Channel Down pattern on the 1D time-frame. The price is now rising having priced its most recent technical Lower Low. Every Lower High rejection happened either on or above the 1D MA200 (orange trend-line). With the current rebound looking similar to September - October 2024, we expect a 0.786 Fib and 1D MA200 test at $68.50 (buy) and then reversal to a minimum -17.30% decline to $57.00 (sell). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTI
by TradingShot
1
Oil Drop Short Position Greetings Traders this is my idea on Oil and it is a Long shot for a Short. This is my explanation: On the 4H chart of WTI crude oil, we can observe a well-defined downtrend that began near the $72.50 level. After a sharp sell-off, price entered a brief accumulation phase and has now pulled back into a previous support zone — now acting as resistance — offering a prime opportunity for trend continuation. 🔑 Key Technical Zones: 🟥 Beginning of a Downtrend: Around $72.50 – local top and start of bearish momentum. 🟧 Breakdown Zone: Around $59.00 – key support turned resistance after a strong breakdown. 🟦 Accumulation Zone: Around $62.00–64.00 – consolidation phase before continuing lower. ✅ Retracement Area (Green Box): Around $60.00–60.25 – previous support now acting as resistance; ideal zone to re-enter short. 🔵 Target Zone: $53.30 – projected next support level and target for the short position. 🎯 Active Short Position: Entry: $60.00 Stop Loss: $61.20 (above retracement zone) Take Profit: $53.30 Risk/Reward Ratio: ~1:4.5 After a confirmed bearish structure, price pulled back into the retracement area, which previously acted as support. This area is now likely to serve as resistance, and price rejection here aligns with a high-probability trend continuation trade. The target for the short is set at $53.30, which corresponds with the previous swing low, while the stop loss is positioned safely above the rejection zone to avoid false breakouts. 📈 Conclusion: This setup reflects a textbook lower high formation within a strong downtrend, offering a clean structure and favorable risk-to-reward ratio. Watching closely for bearish confirmations within the retracement zone to validate momentum continuation. Dear Traders like,comment let me know what do you think?
PEPPERSTONE:SPOTCRUDEShort
by Zaks_ForexRules
USOIL:Beware of pullback.The short-term trend of crude usoil continues to fluctuate and fall, hitting the 60 mark. Usoil prices gained some support at 60 and formed a rebound rhythm. The moving average system still suppresses oil prices, and the objective short-term trend direction remains downward. In terms of momentum, the MACD indicator crosses upward below the zero axis, and bullish momentum strengthens. It is expected that after a slight upward movement in crude oil prices during the day, there is a high probability of being blocked again near 62.50 and falling. USOIL sell@62-62.5 tp:61-60.5 I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
TVC:USOIL
by H_C_01
WTI Oil H4 | Falling toward an overlap supportWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 60.44 which is an overlap support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 57.60 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement. Take profit is at 63.68 which is a multi-swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:USOILLong
by Tradu