OIL_CRUDE trade ideas
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.
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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.
USOIL BEARS ARE GAINING STRENGTH|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 63.61
Target Level: 55.26
Stop Loss: 69.15
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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 COMMENT MY IDEAS✅
CRUDE OIL Local Long! Buy!
Hello,Traders!
USOIL has retested a
Nice round horizontal
Support level of 60$
And we are predictably
Seeing a bullish reaction
From the level which we
Believe will take the price
A bit higher still
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.
Bullish bounce off overlap support?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance, which is a pullback resistance.
Pivot: 59.97
1st Support: 57.60
1st Resistance: 63.27
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.
USOIL Long Term OutlookUntil a pattern is broken this is what is predicted.
2033 - retests pandemic lows
What could happen in 2033? :O
Not financial advice
WTI Crude Oil INTRADAY corrective pullback supported at $62.00
WTI crude oil prices are slightly lower in early European trade, down about 1.00% on the day to around $63.00. This pullback ends a four-day winning streak that had pushed prices to over a two-week high.
The decline so far lacks strong bearish momentum, suggesting traders may be taking profits or pausing ahead of key data.
Relevance for Trading:
Price dip appears corrective, not a reversal — no strong selling pressure yet.
Market focus now shifts to upcoming weekly US inventory data, which could drive the next move.
A bullish inventory report could help WTI resume its uptrend; a bearish one may deepen the pullback.
Trading Bias:
Cautiously bullish while holding above $62. Support and inventory reaction will be key for near-term direction.
Key Support and Resistance Levels
Resistance Level 1: 6420
Resistance Level 2: 6560
Resistance Level 3: 6670
Support Level 1: 6170
Support Level 2: 6050
Support Level 3: 5950
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.
Potential Upside in USOIL Amid Ongoing Wave StructureThere remains a potential for USOIL to strengthen on the weekly timeframe, where it is currently expected to be forming wave (b) of wave within a diagonal pattern. This suggests that the upside area to watch lies in the range of 64.92–70.96.
TradingView Idea – Crude Oil (WTI) Technical Analysis:The USOIL H-2 Chart displays a classic Inverse Head and Shoulders pattern, signaling a potential bullish reversal. The neckline breakout confirms the pattern, suggesting upward momentum. A long position is considered with:
Entry: Near current price around $62.31
Target (Take Profit): $65.53 based on the pattern's projected move
Stop Loss: Placed below the right shoulder at $60.48
favorable risk-to-reward ratio, aiming to capture the bullish breakout continuation.
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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?
CRUDE OIL TO HIT $160?! (VIDEO UPDATE):Oil prices broke down lower in the past few weeks, after a much needed LQ grab, following a 2 year consolidation. We’ve seen a ‘5 Wave Complex Correction’, which should now be followed by price recovery.
Wait for buyers to BREAK ABOVE our ‘buying confirmation’ level, followed a by a retest before buying❗️
Before the meeting, crude oil is expected to analyze the trendCrude oil has fluctuated and broken down today. After the bulls rose and tested the resistance level of 62.0, the oil price broke down and was under pressure. The market will focus on whether the shorts will continue. Henry believes that the oil price is under pressure again and there is a probability of testing the previous low again. Today, we consider rebounding short selling first, supplemented by low long selling. Pay attention to the resistance of 61.5-62.5 US dollars above and the support of 60.0-59.0 US dollars below. If the oil price breaks through 61.5 US dollars/barrel, it will stop the expected bearish trend and push the oil price to regain the main shock trend.
It is expected that today's oil price will be traded between the support level of 59.0 US dollars/barrel and the resistance level of 61.8 US dollars/barrel.
FX:USOIL TVC:USOIL FOREXCOM:USOIL GBEBROKERS:USOIL MARKETSCOM:USOIL
Will the sharp decline in crude oil prices continue?Crude oil futures prices remained stable on Tuesday, with WTI crude trading near $61.31, down 0.36%, while Brent crude showed similar minor fluctuations. Traders adopted a wait-and-see approach ahead of this week’s pivotal OPEC+ meeting. Although trade war tensions have eased, uncertainty surrounding the organization’s upcoming production decisions has limited market upside. The OPEC+ ministerial meeting will be held online on Tuesday, while the group of eight member states implementing voluntary production cuts now plans to convene one day earlier than originally scheduled, on May 31. Traders are closely monitoring whether the group will relax its stance (production reduction stance), which could lead to increased market supply. Crude oil experienced a volatile breakdown today: after bullish momentum tested resistance near the $62.0 level, prices broke down under pressure. The market will now focus on whether bearish sentiment will persist. Overall, oil prices are under renewed pressure, with a high probability of retesting recent lows. From a trading perspective, a rebound-to-short strategy is favored, with long positions as a secondary consideration. Upside resistance is seen at $61.5-$62.5, while downside support lies at $60.0-$59.0.
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WTI Crude Oil Testing Make-or-Break Support ZoneWTI crude is grinding into a pivotal horizontal support near 6,020 after another sharp rejection near the 50-day SMA:
Support at Risk: Price is pressing into the horizontal support zone formed by May’s lows (~6,020). A clean break below would shift momentum back decisively to the downside.
Bearish Structure: Price remains well below both the 50- and 200-day SMAs, which are angled downward—consistent with a medium-term downtrend.
Momentum Fading: MACD is negative and turning lower again, while RSI is stuck near 45 and showing no bullish divergence.
Next Support: If support fails, next downside level is likely around the YTD low near 5,400.
As it stands, bears remain in control unless bulls can defend this floor and drive a breakout back above the 50-day SMA.
-MW
Potential crash on USPOILEntry: Current level or pullback retest of broken support
Stop Loss: Above swing high 64.443
Take Profit: floating due to potential crash on oil, move SL to break even
Set up: Triple confluence - Major trend break, MA rejection and bearish candle on weekly
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
USOIL:Long thinking, target 62.5
USOIL: Same idea, the front 61.3-61.5 has been given to the entry point, it is slowly rising, the upper target is still seen near 62.5.
So strategically, stay long and wait for the rally, TP@62.5
Tip: It is always right to sell when there is a profit, according to individual risk appetite.
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Crude oil: Waiting for inventory data, beware of another reboundOil prices fell slightly on Tuesday as market participants weighed the possibility that OPEC+ might announce an increase in crude oil supply at this week's meeting, causing a slight correction in international oil prices.
--- News factors
1. OPEC+ held a meeting one day in advance and is expected to finalize the July production increase
2. The extension of negotiations between the United States and Europe and the variable of Iranian supply limited the decline in oil prices
3. US President Trump announced that the trade negotiations with the European Union would be extended to July 9, easing market concerns about the potential decline in fuel demand.
4. If the nuclear negotiations between the United States and Iran fail to reach an agreement, the current sanctions against Iran will continue, which is expected to limit its crude oil supply and indirectly support oil prices.
--- Market expected trend analysis
From the daily chart, the US West Texas Intermediate crude oil (WTI) has recently shown a high-level shock and decline. The price has been blocked above $62 for many consecutive days, indicating heavy pressure from above, and the short-term moving average shows signs of dead cross. Momentum indicators such as MACD dead cross operation suggest that the short-term trend is weak. If it falls below the $61 support, it may drop to the $60 mark, which will become a key short-term support level. If the market news is bearish, the technical pattern has the risk of further decline; on the contrary, if there are positive factors to push oil prices to stabilize and rise, it will need to break through $63 to reverse the weak pattern. FX:USOIL TVC:USOIL FOREXCOM:USOIL GBEBROKERS:USOIL MARKETSCOM:USOIL
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
WTIOIL short term buy opportunity flag formation.basically there is a flag formation in short term and with the brake of the little triange it should go up, if downbrake shown as invalidation level should be stop loss for this trade.
WTI Oil H1 | 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 61.31 which is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 59.95 which is a level that lies underneath a multi-swing-low support.
Take profit is at 62.54 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
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.
USOIL Today's Trading Strategy:
Recently, oil prices have generally shown a narrow oscillating trend. In terms of influencing factors, on the one hand, uncertainties in global economic growth have made the outlook for oil demand unclear, putting some downward pressure on oil prices. For example, the slowdown in economic growth in some countries and insufficient factory capacity have reduced demand for crude oil. On the other hand, the production policies of the Organization of Petroleum Exporting Countries (OPEC) and its allies are also influencing oil prices. If they plan to increase production, the supply of crude oil in the market will rise, and prices may fall.
USOIL Today's Trading Strategy:
USOIL SELL@62.0~62.5
SL:63
TP:61~60
