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Oil - Crude (WTI)

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OIL_CRUDE trade ideas

Heading into overlap resistance?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support. Pivot: 70.39 1st Support: 68.71 1st Resistance: 71.77 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:XTIUSDShort
by ICmarkets
2
USOil Sell 70.000Crude oil has been fluctuating and rising recently, reaching a three-week high. From a fundamental perspective: Supply: The United States has intensified its energy sanctions against Iran. Attacks on Saudi facilities have affected their performance. The OPEC+ will gradually lift the voluntary production cuts starting from April and may increase production for the second time in May. The 30-day ceasefire agreement between Russia and Ukraine has not been effectively implemented in substance. However, recently, the United States, Russia, and Ukraine have reached some consensus on Black Sea navigation and the protection of energy facilities. Inventory: According to API data, for the week ending March 25, U.S. crude oil inventories dropped significantly by nearly 9 million barrels. However, commercial crude oil inventories have been increasing continuously for several weeks, and the overall inventory remains at a high level. Geopolitics: The U.S. airstrikes against the Houthi armed group in Yemen and Israel's military operations in the Gaza Strip have heightened concerns about the disruption of crude oil supplies in the Middle East. The United States' continuous strengthening of sanctions against Iran and Venezuela also includes a plan to impose a 25% tariff on countries importing Venezuelan crude oil. Production Increase Pressure: The daily supply increments of non-OPEC countries (such as the United States and Brazil) far exceed the global demand growth rate, which has long-term downward pressure on the oil price center. 💎💎💎 USOIL 💎💎💎 🎁 Sell@70.000 - 70.200 🎁 TP 68.5 68.0 67.5 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
TVC:USOILShort
by BenGray9
USOIL:It's time to go shortRecently, the WTI crude oil has been on a continuous upward trend with fluctuations. The current intraday price has reached a three - week high. At present, the long - position sentiment in the market is greatly influenced by the fundamental news, mainly due to the intensified U.S. sanctions on Iranian energy and the ineffective implementation of the 30 - day cease - fire agreement between Russia and Ukraine. Today's trading strategy: Focus on shorting at high levels. Currently, the price has a firm support at $69. Observe whether it can reach the resistance range of $69.5 again. If it breaks through the upper level, look at the important psychological resistance level of $70. Select to short again within the range. USOIL Trading Strategy: Sell@69.5-70 TP:68-67 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
TVC:USOILShort
by LeoBlackwood
Bullish bounce?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the overlap resistance level. Pivot: 68.47 1st Support: 67.43 1st Resistance: 70.38 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
USOIL Long Setup: Targeting $69 – Bullish Momentum in PlayUSOIL Long Setup Analysis: Targeting $69 with Bullish Momentum Technical Analysis: The current price action shows USOIL trading at $70.51, demonstrating a recovery from a key liquidity pool zone. Technical indicators support this bullish outlook, with the 50-day SMA at 69.34 and 200-day EMA at 69.32, creating a strong foundation for upward momentum. The RSI reading of 57.82 indicates growing bullish momentum without being overbought, suggesting room for further upside. The ATR value of 0.29257 shows significant volatility, which could facilitate quick price movements toward our target. Fundamental Drivers: Several fundamental factors support this bullish setup: Geopolitical tensions in the Middle East are creating potential supply disruption concerns, which supports higher prices in the near term. OPEC+ production cuts are maintained through December, providing a floor for prices and supporting the bullish case. This supply constraint helps maintain price stability and potential upward pressure. The EIA's Short Term Energy Outlook projects tighter market conditions, with prices expected to average $75 per barrel in the third quarter of 2025, supporting our bullish thesis. Sentiment Analysis: Market sentiment indicators provide additional confirmation: Institutional positioning through COT reports shows significant activity from large speculators and hedge funds, indicating strong institutional interest in the market. Analysts maintain a bullish outlook, forecasting Brent crude to average $80 per barrel in Q4 2024, suggesting broader market confidence in higher prices. The combination of technical indicators and fundamental factors has created a positive sentiment environment, supported by institutional outlooks derived from market reports. Price Target Rationale: The $69 target is well-supported by: Technical support from the 50-day SMA (69.34) and 200-day EMA (69.32) EIA's forecast of $68 per barrel, providing a fundamental basis The current price action showing recovery from support levels with increasing momentum Market structure suggesting potential for continued upward movement Risk Considerations:Monitor potential market surplus projected for early 2025 Watch for changes in OPEC+ compliance with production cuts Keep track of geopolitical developments that could impact price volatility Consider the impact of China's economic recovery on demand dynamics This setup provides a balanced risk-reward opportunity, supported by technical, fundamental, and sentiment factors, with clear support levels and upside potential aligned with major forecasts.
FX:USOILLong
by FtradeFXArabic
3
WTI Wave Analysis – 8 April 2025 - WTI broke the long-term support zone - Likely to fall to support level 55.00 WTI crude oil recently broke the long-term support zone set between the support levels 60.00 and 65.00. This support zone has stopped all downward corrections from the middle of 2021. The breakout of this support zone accelerated the active downward impulse wave 3, which belongs to the intermediate impulse wave (3) from the start of 2024. Given the strong downtrend seen on the weekly WTI charts, WTI crude oil can be expected to fall to the next support level 55.00, the target price for the completion of the active impulse wave (3).
FX_IDC:USDWTIShort
by FxProGlobal
1
Trump vs. ChinaDonald Trump’s recent actions show strong similarities to key moments in history. His push for high tariffs on imports reminds us of the 1930 Smoot-Hawley Tariff Act, which aimed to protect American jobs but ended up hurting the economy when other countries struck back with their own tariffs. Today, we’re seeing the same pattern, Trump’s tariffs on China, the EU, and others have already led to retaliation, and experts warn this could lead to inflation or even a recession. His tough stance on immigration also echoes early 20th century laws like the Immigration Act of 1924, which restricted immigrants to preserve a so called “American identity.” Even his populist, anti elite tone reminds many of President Andrew Jackson, who presented himself as a voice for the common man while shaking up the political system. On the home front and globally, Trump’s moves also reflect a shift toward isolation similar to what the U.S. tried after World War I. Back then, the U.S. pulled away from global cooperation, and it didn’t work out well. Now, Trump is cutting foreign aid and pulling out of major global agreements like the Paris Climate Accord and the WHO, which could weaken America’s role on the world stage. Domestically, his push to revive coal and cut diversity programs feels like turning back the clock on social and environmental progress. History has shown us that these kinds of decisions often have long term consequences. As the saying goes, history tends to repeat itself and if we don’t learn from it, we may find ourselves repeating the same costly mistakes.
CAPITALCOM:OIL_CRUDE
by minwoolim
USOIL will continue to decline.During today's early trading session, based on our market analysis, we had anticipated that crude oil might witness an upward trend after experiencing some fluctuations. Nevertheless, today's trend in the crude oil market has presented a scenario of weak oscillation at a low level following a significant decline. Should the current tariff issues not be effectively resolved, the price of crude oil is highly likely to continue its downward trajectory. During the phase of weak correction after a substantial drop, in the short term, we need to pay close attention to the crucial price point of 62 US dollars. Looking ahead to the longer-term goal, we expect the price to move below 59 US dollars. We share various trading signals every day with over 90% accuracy Fans who follow us can get high rewards every day If you want stable income, you can contact me
TVC:USOIL
by HenryClarke
USOIL:It will continue to declineAs the recent U.S. countervailing tariffs have exceeded market expectations, the global financial market has been thrown into panic. The last straw for crude oil has broken, ultimately resulting in a downward break of the key level, bringing an end to the two-year-long sideways consolidation. The downward trend of crude oil has been established. However, since this is the initial break of the key level at the current stage, it is not expected that the price movement will reach its destination in one fell swoop. In the following period, attention should still be paid to the market's restorative rebound. The target level of this downward trend can be at least set towards the 50 mark. Today, the main trading layout is to establish positions with a bearish bias, relying on the resistance level around 62. In the short term, focus on the support levels ranging from 59 to 58. Trading Strategy: sell@62 TP:59-58 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
TVC:USOILShort
by LeoBlackwood
WTI Crude Oil AnalysisHello traders, After analyzing the current price action, I believe WTI remains bearish in the mid-to-long term. However, in the short term (next few sessions), we might see a temporary bullish correction, as the RSI is signaling oversold conditions. Since late September 2023, WTI has been in a steady downtrend—clearly visible through the purple trendline—and recently hit its lowest level since early 2023. I'm watching the $66–$67 zone closely: if price reaches but fails to break above it, the downtrend is likely to resume. However, a clean breakout above that range could indicate a potential bullish reversal heading into next week. This view is based on RSI and key support/resistance zones. 📉 Bearish bias mid/long term 📈 Short-term bounce likely 📍 Key zone to watch: $66–$67 Let me know your thoughts in the comments — are you bullish or bearish on WTI? Not financial advice — just sharing my personal analysis.
TVC:USOILShort
by DonTelf2
SALE on CRUDEWe are having a sale on crude oil right now due to tariffs. Trump will change his words or make ways to lower the price a bit more for him to buy more. ALWAYS buy crude without any leverages as it is investment, we will keep our position and buy when there are sale opportunities like today. I anticipated that this month will be just waiting month. The reaction (rise) that we had was not a healthy reaction, so we needed this healthy way of rise. WHY? Its always better to buy in more positions and lower your averages 💪😎 Keep an eye on crude, and we will build a habit to look at crude when we clear our positions one by one, not being like a kid rise-happy&fall-sad. It is very healthy and I LOVE IT right now💪😫👌🎉
PEPPERSTONE:SPOTCRUDELong
by minwoolim