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Oil - Crude (WTI)

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OIL_CRUDE trade ideas

Crude Oil Holds at Key ResistanceFollowing a sharp rebound from the $55 low—mirroring broader market strength and gains in U.S. indices—oil is now hovering near a key resistance level at $64. Meanwhile, major U.S. indices remain below their respective resistance zones, awaiting confirmation of further uptrends. A sustained break and hold above $64 could open the door for additional upside toward $66 and $70. On the downside, if gains fail to hold and prices slip back below $64, support levels to watch are $60, $58, and $55. A decisive break below $55 may trigger a steeper decline, potentially driving oil prices back toward the $49 per barrel region. Written by Razan Hilal, CMT
FOREXCOM:USOIL
by FOREXcom
Oil - Looking To Sell Pullbacks In The Short TermH4 - Strong bearish move. No opposite signs. Currently it looks like a pullback is happening. Expecting bearish continuation until the two Fibonacci resistance zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:WTIShort
by VladimirRibakov
Bearish reversal off pullback resistance?USO/USD is rising towards the resistance level which is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 65.91 Why we like it: There is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 61.8% Fibonacci retracement. Stop loss: 68.48 Why we like it: There is an overlap resistance level that lines up with the 78.6% Fibonacci retracement. Take profit: 62.74 Why we like it: There is a pullback support 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:USOUSDShort
by VantageMarkets
USOIL... 1D CHART PATTERNHere's my USOIL (WTI Crude) trade setup. - *Trade Type:* Sell - *Entry Price:* 57.74 - *Stop Loss (SL):* 65.54 - *Take Profit (TP):* 51.40 *Quick Risk/Reward Analysis:* - *Risk:* 65.54 - 57.74 = *7.80* - *Reward:* 57.74 - 51.40 = *6.34* - *Risk/Reward Ratio:* 6.34 / 7.80 ≈ *0.81* *Comment:* This setup has a risk greater than the potential reward, which is not ideal. A better trade usually has a risk/reward ratio of at least 1:1, preferably 1:2 or more. You might consider adjusting your TP or SL, or confirming the direction with technical/fundamental analysis.
TVC:USOILShort
by Money_Magnet5
WTI Crude Oil selling pressure below 6200The price sentiment for WTI Crude Oil remains bearish, in line with the prevailing downtrend. Recent price action shows an oversold rally, which has stalled near a previous consolidation zone around 6200 — a key resistance level. Key Resistance Level: 6200 This level marks a previous intraday consolidation area and could act as a ceiling for the current rally. Bearish Scenario: If WTI fails to break above 6200, it may resume its decline toward: 5860 (near-term support) 5713 5550 (longer-term support) Bullish Scenario: A confirmed breakout and daily close above 6200 would shift momentum and open upside targets at: 6375 6533 6700 Conclusion: WTI Crude Oil remains under bearish pressure unless it breaks and closes above 6200. Traders should monitor this level closely for signs of rejection or breakout. 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
WTI Wave Analysis – 29 April 2025 - WTI reversed from the resistance area - Likely to fall to support level 58.00 WTI crude oil recently reversed from the resistance area between the resistance level 64.60 (former multi-month low from September 2024), the 20-day moving average and the 61.8% Fibonacci correction of the downward impulse from the start of April. The downward reversal from this resistance started the active short-term impulse wave 5, which belongs to the intermediate impulse sequence from last year. Given the clear daily uptrend, WTI crude oil can be expected to fall toward the next support level 58.00.
FX_IDC:USDWTIShort
by FxProGlobal
USOIL: Recent Analysis and Trading StrategiesOver the past two weeks, USOIL has been continuously fluctuating and consolidating within the price range of $61.5 - $64.5. The overall trend shows a pattern of rising first and then falling. During the upward phase, the bullish momentum was scarce, making it difficult to achieve an effective breakthrough. Subsequently, it shifted into a downward trend. Yesterday's market situation was particularly typical. It opened higher at $63.5 in the early trading session and then declined all the way. It not only broke below the key support level of $61.5 but also had weak rebound strength. Currently, the price is still hovering around this support level, indicating the market's indecision. Currently, most investment institutions hold a pessimistic view on the future of USOIL. However, it is worth noting that the price has touched the support level of $61.5 five times in the past two weeks. Although it briefly broke below this level twice, it failed to effectively form a trending breakthrough. The principle that "if a support level can't be broken after repeated attempts, there will be a rebound" has been verified many times in similar situations, suggesting that there may be strong potential buying power at this support level. Based on the above analysis, today's trading strategy is recommended to maintain a cautiously bearish tone, but it is necessary to closely guard against potential technical rebound risks. During the trading process, it is essential to set stop-loss levels strictly to avoid the expansion of losses due to sudden market movements. At the same time, it is advisable to reduce aggressive trading and mainly adopt a wait-and-see approach. Be patient and wait for clearer trend signals, and then choose the right time to enter the market when the market direction becomes more explicit. USOIL sell@62-62.5 tp:61-60.5 sl:62.8 In the future, we will continue to monitor the market changes and update the trading strategies in real time. 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_12
The price fluctuation range of USOIL is quite obvious.In the past two weeks, USOIL has been continuously fluctuating within the price range of $61.5 - $64.5. Its trend shows a pattern of rising first and then falling. During the upward phase, there was a slight lack of momentum, and subsequently, it entered a downward channel. This kind of fluctuation is not isolated but has complex underlying causes. In terms of trading strategies, given that the current price fluctuation range is relatively clear, a strategy of selling high and buying low within the range of $61.5 - $64.5 can be considered. However, it should be noted that once the price breaks through the above-mentioned range, the strategy should be adjusted in a timely manner to follow the market trend, and one should be on guard against the risks brought about by a one-sided market. USOIL sell:63.5-64 tp:62.5-62 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_12
USOIL-crude about to resume lower?WTI formed a large bearish engulfing candle on its daily chart yesterday near the key $65 resistance level. Was that an indication that prices have ended their corrective bounce? Time will tell, but today's oil prices have bounced back. With the trade uncertainty in the background, demand concerns remain high. So, I wouldn't be surprised if prices were to resume lower from here. The trend is clearly bearish with the moving averages all pointing lower, not to mention the lower highs and lower lows. If the selling resumes, watch for possible bounces at the next key round handles like $62, $61 and $60. But there is always the possibility of a sweep below this month's earlier lows if macro concerns intensify. Meanwhile, the bullish idea is off the table for me for now until we see some progress in US-China trade talks at least, or if prices show a major bullish reversal signal.
FOREXCOM:USOIL
by JuliaKathleen
USOIL: Bears Are Winning! Short! My dear friends, Today we will analyse USOIL together☺️ The market is at an inflection zone and price has now reached an area around 63.133 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 62.366..Stop-loss is recommended beyond the inflection zone. ❤️Sending you lots of Love and Hugs❤️
FX:USOILShort
by FreeXauusdSignals
1
SHORT OIL Break of support and retest**Oil Sell Setup:** 1. **Entry:** - Sell at rejection of 0.50 daily Fib + 20 MA confluence - Wait for bearish confirmation candle 2. **Stop Loss:** - Place above recent swing high 3. **Take Profit:** - Target 1: Recent swing low - Target 2: Previous major swing low - Target 3: Major support level from higher timeframe 4. **Confirmations: - Rejection candles at confluence zone - Failed attempts to close above 20 MA 5. **Management:** - Scale out at targets - Move stop to breakeven at first target
TVC:USOILShort
by aryoTraderX
USOILThis chart for WTI Crude Oil presents a bullish continuation setup following a rebound from the support level around 61.50. After breaking above a minor consolidation range, price is now retracing slightly before potentially continuing its upward movement. The chart highlights a target at63.95, just below the upper resistance zone, which previously acted as a strong supply area. Technical Breakdown: - Support Level: Firm bounce near 61.50, confirming demand. - Minor Breakout: Price broke above local structure and retesting for continuation. - Resistance Zone: Located near64.00, target aligns with historical supply. - Next Target: 63.95 Volume spikes during the bounce suggest strong buyer interest. A clean break and hold above 63.00 could open the path toward the $63.95 target. Traders may look for bullish price action confirmation for entry.
TVC:USOILLong
by EXPERT117Ai
USOIL – Wedge Whisper Turned Rejection Roar Crude just whispered its next move — and it’s not looking bullish. After a clean rising wedge breakdown, price is now retesting the underside of the structure, right inside a high-volume supply zone (62.75 - 64.50). This zone screams rejection, especially with that wick-heavy rejection candle teasing a deeper move. This setup aligns with classic market psychology — buyers trapped at the top, smart money looking for that short squeeze to the downside. Short Bias Activated Sell Zone: 62.75 - 64.50 Target: 54.25 Invalidation: Break and close above 64.60 If this plays out, it’s a straight-up slide to the next major demand zone. Eyes on volume and rejection confirmations!
TVC:USOILShort
by Paschal35
Crude Oil Hits a Ceiling — Will This Confluence Break or Bounce?Price tapped the 65.2 resistance zone (yellow line) and immediately pulled back — showing some hesitation around that confluence of resistance (horizontal + trendline). This zone has acted as a ceiling before, and now it's back in play. What I’m Seeing: - Clean rejection from 65.2 - A clear rising trendline still holding below - Bearish wicks showing early signs of hesitation - Confluence of red and green trendlines (compression forming?) Trade Plan (Not Financial Advice): I’m personally watching for either: ✅ A strong break above the confluence for possible long entries ❌ Or a rejection followed by confirmation for a short setup The breakout could be clean — or it could trap bulls/lure bears… staying patient. Levels in Play: - Resistance: 65.2 - Support: 63.5 Possible breakdown below the green TL could shift the short-term bias No setup, no trade. My edge is in waiting — not chasing. Cheers! pClem Trades
VANTAGE:USOUSDLong
by clementoyinlola