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Crude Oil Challenges 2-Year ChannelAmid rising summer demand, an inverted head and shoulders breakout from oversold 2020 levels, and the recent outbreak of war between Israel and Iran, crude oil has tested the upper boundary of the declining channel originating from the 2022 highs. This test comes as supply risks for the coming month intensify. This upper boundary aligns with the $77 resistance level. A confirmed breakout and sustained hold above this level could shift momentum more decisively to the bullish side, potentially paving the way for a retest of the $80 and $83.50 levels. On the downside, if oil fails to maintain its gains and resumes a pullback, key support zones are located around $69, $66, and $64, reestablishing bearish dominance within the channel. — Razan Hilal, CMT
FOREXCOM:USOIL
by FOREXcom
Oil (WTI) – Geo-Political Concerns Drive SentimentA quickly escalating conflict in the Middle East between Israel and Iran has seen Oil (WTI) volatility increase dramatically as the focus for traders has shifted overnight from worries about an on-going lack of demand due to a slowing global economy over to major supply concerns moving forward from this oil rich region. This shift has seen Oil trade from lows of 60.17 on May 30th, to an early Monday high of 76.31, as weekend attacks by Israel on Iran's energy infrastructure introduced more uncertainty at the start of this new trading week regarding Israel's future strategy in this conflict. Prices have since settled down and moved back towards 72.80 (0830 BST) at time of writing but looking forward traders may need to balance the potential for further escalation/duration of this conflict against extra Oil production/supply from OPEC+ and the US. Also important for Oil prices across the week could be the outcome of the Federal Reserve (Fed) Interest Rate Decision (Wed 1900 BST) and Press Conference (Wed 1930 BST). No change to interest rates is expected, but the updates from Fed policymakers to their inflation and interest rate expectations for the rest of 2025 could have a major impact on risk sentiment, the dollar and anticipated Oil demand. Technical Update: Utilising Bollinger Bands A rise in tensions in the Middle East last week prompted a sharp acceleration higher in the price of Oil. This saw price volatility increase, reflected by the widening upper and lower Bollinger bands and prices trading to levels last seen in late January 2025, as the chart below shows. Traders will now likely be wondering if this type of price strength can continue, or if prices can enter a correction phase, even possibly a more extended period of price weakness. Much will clearly depend on future market sentiment and price trends, and on any easing or escalation in geo-political tensions. However, with this in mind let's consider what may be the relevant support and resistance levels . Potential Resistance Levels: As the chart shows below, interestingly, last weeks price strength stalled against 75.99, which is equal to the February 3rd session high and with a setback in price developing from it so far today, this might be viewed by some as a potential first resistance. As such, while not a guarantee of further price strength, closing breaks above 75.99 may be a sign of continued upside momentum towards 81.01, which is the January 15th price high and a potential next resistance focus for traders. Potential Support Levels: After such a strong advance in price, it might be harder to establish support levels, although, Fibonacci retracement levels on the recent May 30th to June 16th upside move in price, might prove useful. These retracement levels are highlighted on the chart below. The 38.2% Fibonacci retracement of the price strength stands at 70.12 and this might prove to be a possible first support focus, if price weakness is seen over coming days. Closing breaks below 70.12, if seen, may then lead to declines towards 66.32, the deeper 61.8% Fibonacci retracement level. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:SPOTCRUDE
by Pepperstone
USOIL Will Move Higher! Buy! Please, check our technical outlook for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 71.393. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 78.089 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. 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
USOIL Will Go Higher From Support! Buy! Take a look at our analysis for USOIL. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 67.337. Taking into consideration the structure & trend analysis, I believe that the market will reach 69.433 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. 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 Crude Oil Regains Bullish MomentumWTI Crude Oil Regains Bullish Momentum WTI Crude oil prices climbed higher above $70.00 and might extend gains. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI Crude oil prices started a decent increase above the $65.00 and $68.50 resistance levels. - There is a major bullish trend line forming with support at $71.50 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price started a decent upward move from $65.00 against the US Dollar. The price gained bullish momentum after it broke the $68.50 resistance and the 50-hour simple moving average. The bulls pushed the price above the $69.50 and $71.50 resistance levels. The recent high was formed at $74.80 and the price started a downside correction. There was a minor move below the 50% Fib retracement level of the upward move from the $69.55 swing low to the $74.83 high. The RSI is now below the 60 level. Immediate support on the downside is near the $71.50 zone. There is also a major bullish trend line forming with support at $71.50 and the 61.8% Fib retracement level of the upward move from the $69.55 swing low to the $74.83 high. The next major support on the WTI crude oil chart is near the $69.50 zone, below which the price could test the $67.90 level. If there is a downside break, the price might decline toward $65.20. Any more losses may perhaps open the doors for a move toward the $63.75 support zone. If the price climbs higher again, it could face resistance near $72.50. The next major resistance is near the $74.80 level. Any more gains might send the price toward the $78.50 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
4
Today's Crude Oil Trend Analysis and Trading RecommendationsFrom a daily chart perspective, the violent rally in USOIL driven by external factors has completely disrupted prior technical expectations. The sharp surge has also significantly exhausted future upside potential, explaining today's gap-up and subsequent decline. With minimal likelihood of near-term de-escalation in the Iran situation, USOIL is likely to remain bullish. However, severe overbought conditions on technical charts have disrupted structural expectations, necessitating a price correction. Technically, the $70-$75 range serves as a reasonable short-term consolidation zone, contingent on no severe escalation in Iran tensions. Given the high probability of worsening tensions, USOIL may retest $75 and even challenge $80 driven by geopolitical developments. Thus, while the market remains focused on Iran-related risks, the short-term bias remains bullish. Avoid chasing the rally recklessly. Focus on the $70.5-$71.5 pullback zone early in the week—consider long entries only after price consolidation in this area. USOIL buy@70.50-71.50 tp:74-76-78 Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
TVC:USOILLong
by EvanField
Crude oil is the ultimate winner 💡Message Strategy Currently trading around $70.00 a barrel during Friday's European session, crude oil prices surged on growing concerns about supply disruptions. Rising tensions in the Middle East threaten navigation through the Strait of Hormuz, a key passage for about 20% of global oil shipments. 📊Technical aspects From the daily chart level, crude oil prices in the medium term broke through the upper resistance of the range and tested a new high of 75.50. The moving average system is in a bullish arrangement, and the medium-term objective trend is upward. The current trend is in the upward rhythm of the main trend. The MACD indicator fast and slow lines overlap with the bullish column above the zero axis, indicating that the bullish momentum is currently full, and it is expected that the medium-term trend is expected to usher in a wave of rising rhythm. The short-term (1H) trend of crude oil continued to fluctuate upward, and the price near 74 was tested. The moving average system relies on the bullish arrangement of oil prices, and the short-term objective trend direction remains upward. Oil prices hit a new high near 75.30, and then fell back and closed with a negative real candlestick. The short-term momentum is still bullish, and it is expected that the trend of crude oil will continue to maintain a high-level oscillation upward rhythm. 💰 Strategy Package Long Position:70.09-71.50
TVC:USOILLong
by TheodoreSilas
WTI Oil H1 | Potential bullish bounceWTI oil (USOIL) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 71.83 which is a multi-swing-low support. Stop loss is at 68.50 which is a level that lies underneath a pullback support and the 50% Fibonacci retracement. Take profit is at 77.60 which is a 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
Next Week's Crude Oil Trend Analysis and Trading RecommendationsThe continued escalation of geopolitical tensions in the Middle East remains the core driver propelling oil prices higher. With U.S.-Iran relations at a critical juncture and the Ukrainian attack on the Crimean Bridge exacerbating the Russia-Ukraine conflict, markets are increasingly concerned about potential disruptions to Black Sea crude exports. As a key channel for 2% of global crude oil supplies, risks to Black Sea exports directly threaten supply chain security, triggering a surge in short-term market risk aversion and driving oil prices sustainably higher. Since crude oil broke through the $64.8 resistance level with a solid candlestick last week, we have maintained a consistent bullish stance. After two weeks of consolidative oscillations, prices finally broke free from the trading range, fully demonstrating the dominance of bullish momentum. When oil prices pulled back to the $71.5–$72.0 range last Friday, we once again emphasized the short-term long strategy, which was subsequently followed by a sharp rally catalyzed by news developments. With the current trend clearly defined, we advise trading in line with the momentum: short-term long positions can be initiated above $71.0 at the start of the week. USOIL buy@71-72 tp:75-78 Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
TVC:USOILLong
by EvanField
USOIL Remains Bullish Amid Geopolitical Tensions and Steady Fed USOIL – Bullish Outlook Amid Geopolitical and Policy Factors The ongoing escalation in the Middle East, combined with Jerome Powell's stance on holding interest rates steady, continues to support bullish momentum across commodities, including oil. Technical Outlook: USOIL remains bullish as long as it trades above 72.72 and more firmly above 70.40, with upside potential toward 77.30 and 79.50. If bullish momentum persists, a further extension to 84.14 is possible, supported by geopolitical risks. A bearish shift is only likely if significant de-escalation or negotiations between Israel and Iran take place. Key Levels: • Pivot Point: 72.90 • Resistance: 77.29, 79.50, 84.10 • Support: 66.87, 63.52, 59.00 Trend Outlook: Bullish while price holds above 68.53
TVC:USOILLong
by SroshMayi
Crude Oil to Continue Breaking Higher HighsMiddle East Tensions Escalate Sharply: Israel Launches Preemptive Strike on Iran, Targeting Nuclear-related Facilities Iran's state media confirmed that senior Revolutionary Guard leaders were killed in the attack, with nuclear scientists and facilities also suffering heavy damage. In the short term, geopolitical risks will continue to dominate market sentiment. Oil prices are likely to oscillate at high levels or even edge higher. From a daily chart perspective, crude oil's moving average system forms a bullish arrangement, confirming the unchanged short-term objective uptrend. The morning session K-line closes as a large bullish candlestick, aligning with the primary upward trend. The MACD indicator is bullishly diverging above the zero axis, with bullish momentum prevailing. Intraday crude oil is expected to continue breaking higher. Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term. Trading Strategy: buy@70.0-71.0 TP:74.0-75.0
BLACKBULL:WTILong
by Ashbur
Crude oil is gaining volatilityCrude oil accelerates the momentum as the geopolitical situation escalates. Volatility is high, so trading might be dangerous both for longs and shorts, especially for day or short-term traders. So, it would make sense to wait for a while until the “smoke goes down” and the price would establish a temporary trading range, which would later be broken to any direction. The price currently is above the 20-day moving average for $12 in terms of asset price, which is more than 5 times greater than the average daily volatility. It either points to the “overheated” situation or potentially a momentum situation, which means the rapid continuation to the upside after a short phase of consolidation (usually 2-3 days). Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
TVC:USOILLong
by Stanislav_Bernukhov_Exness
USOIL The current conflict between Iran and Israel has caused a sharp spike in oil prices due to fears of supply disruptions in a geopolitically sensitive region that is critical for global energy flows. Key Effects on Oil Prices: Price Surge: Oil prices jumped over 7% on June 13, 2025, reaching multi-month highs. Brent crude rose to $76.190 close 73.535 per barrel, while U.S. West Texas Intermediate (WTI) crude climbed to around $77.542 before closing at 72.91 per barrel on Friday Earlier intraday spikes were even higher, with Brent briefly surging over 13% and WTI over 14%, marking the largest single-day gains since March 2022. Risk Premium and Supply Concerns: The Israeli strike on Iran significantly raised the "risk premium" on oil prices as markets worry about potential retaliation by Iran targeting oil infrastructure or blocking the Strait of Hormuz, a vital shipping route for about 20% of the world’s oil. Iran produces about 3.3 million barrels per day (3% of global supply) and exports 1.5 million barrels daily, mainly to China and Turkey. Disruptions here could tighten global supply considerably. Potential for Further Price Increases: Analysts warn that if the conflict escalates, oil prices could surge beyond current levels, potentially topping $93 to $100 per barrel if Iran blocks the Strait of Hormuz or attacks Gulf energy installations. Goldman Sachs projects Brent crude could peak slightly above $90 per barrel before falling back as supply stabilizes. Broader Market Impact: The conflict has also caused stock market declines and a flight to safe-haven assets like gold, which rose sharply alongside the oil price spike. U.S. gasoline prices are expected to rise in the coming days due to higher crude costs, potentially increasing fuel prices significantly if the conflict worsens. Summary The Iran-Israel conflict has already caused a major jump in oil prices due to fears of supply disruptions in a key oil-producing region. The risk of Iran retaliating by targeting oil infrastructure or blocking the Strait of Hormuz could lead to sustained higher prices, with some analysts warning of a possible spike to $93–$100 per barrel if tensions escalate further. This situation is closely monitored by markets given its potential to impact global energy supplies and inflation worldwide #USOIL #OIL
FX:USOILLong
by Shavyfxhub
USOIL Will Go Up From Support! Long! Please, check our technical outlook for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 73.374. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 78.914 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. 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
2