US-Oil will further push upside After Testing TrendlineHello Traders
In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET
today XTIUSD analysis 👆
🟢This Chart includes_ (XTIUSD market update)
🟢What is The Next Opportunity on XTIUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
SPOTCRUDE trade ideas
Weekly Target next move Double Top Resistance - Oversimplified
Issue: Labeling this zone a "Double Top Resistance" without confirmation is premature.
Disruption: A double top pattern is only valid after a neckline break, which hasn't occurred.
Alternative View: This area could also be a bullish continuation zone if price consolidates and breaks out above $63 with strong volume
The outlook for the crude oil market next weekOutlook for Next Week's Crude Oil Market
Next week, the crude oil market will (most likely) remain in a range-bound pattern. If OPEC+ lacks clear and forceful measures regarding the implementation of production cuts and future supply plans, concerns about supply surpluses will continue to exert downward pressure on oil prices. Additionally, if global economic data does not improve significantly, the demand side will struggle to provide sufficient support for prices.
However, tensions in the Middle East persist, with relations between Israel and Iran remaining highly strained. If conflicts escalate—for example, if Iranian nuclear facilities are attacked—global crude oil daily production capacity could be reduced by at least 1 million barrels. This risk of supply disruptions would instantly drive up oil prices.
As a result, investors next week need to closely monitor OPEC+ dynamics, Middle East geopolitical developments, and global economic data to seize investment opportunities in the crude oil market.
The outlook for the crude oil market next week, I hope it will be helpful to you
USOIL BUY@61.0~61.5
SL:60
TP:62.5~63
The outlook for the crude oil market next weekThis year, the crude oil market has been facing a tough time, with demand remaining sluggish. The growth in crude oil consumption has been slow, and inventories have been continuously building up. Institutions such as JPMorgan Chase have pointed out that the growth in global crude oil demand is much worse than expected. Moreover, OPEC+ is set to raise the crude oil supply ceiling from June, and has been increasing production in the previous few months, which has led to a further increase in the amount of crude oil in the market. Coupled with the recovery in shale oil production in non - OPEC+ countries such as the United States, and the expansion of production capacity in Norway, Brazil, and other countries, the supply side has exerted great pressure on oil prices. From the demand side, the slowdown in global economic growth has made people more cautious about industrial production and energy consumption. In addition, the energy structure is undergoing a transformation, with the share of oil in energy demand falling below 30% for the first time. The increasing number of electric vehicles and the growing use of renewable energy in the industrial sector have also contributed to the weak growth in crude oil demand.
The outlook for the crude oil market next week, I hope it will be helpful to you
USOIL SELL@62.0~62.5
SL:63.5
TP:61~60
USOIL Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for USOIL below:
The price is coiling around a solid key level - 61.69
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 61.18
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
Next Week’s Outlook, I hope it will be helpful to youRecent Oil Price Trends and Outlook
The recent trend of oil prices has been volatile. On the supply side, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are discussing further production increases in July. If actual production is increased, the supply of crude oil in the market will rise, naturally putting downward pressure on prices. There has already been news that OPEC+ began gradually increasing supplies in May and June. If subsequent production increase plans continue to advance, concerns about supply surpluses will intensify.
Forecast for Next Week’s Market
Expectations of OPEC+ production increases and weak U.S. demand are likely to continue influencing the market next week. If OPEC+ confirms further production increases at its June 1 meeting, oil prices will (most likely) continue to face downward pressure next week. However, if unexpected situations arise—such as sudden geopolitical tensions affecting crude oil production and transportation—oil prices may also rise volatility. Based on current conditions, it is more likely that oil prices will maintain a (range-bound downward) pattern next week. Key resistance levels to watch are 63.0–63.5, and support levels are 60.5–60.0
USOil Dips Amid Global Demand WorriesXTI/USD is currently exhibiting bearish technical signals, with key indicators pointing towards potential further declines. However, the presence of oversold conditions suggests that a short-term rebound could occur if prices find support at current levels. Traders should monitor the $60.13 support and $61.38 resistance levels closely, as breaks of these levels could signal the next directional move.
XTI/USD is experiencing a noticeable downward shift in market sentiment. After a period of relative stability, prices have started to decline, influenced primarily by concerns over global demand and shifting geopolitical conditions. Despite earlier support from tensions in Eastern Europe and U.S. sanctions on Russian energy exports, the market now appears to be reacting more to economic headwinds, such as signs of slowing industrial growth in major economies like China and the Eurozone. Traders are closely watching whether current support levels will hold or if the recent downward momentum will lead to a deeper correction. Overall, the sentiment leans cautious, with traders waiting for clearer signals from both supply-side developments and macroeconomic indicators.
Pivot Points:
Support Levels: S1 at $60.13, S2 at $59.69, S3 at $58.88.
Resistance Levels: R1 at $61.38, R2 at $62.19, R3 at $62.63.
Bearish Outlook
Trigger: A break below the $60.13 support level.
Targets: $59.69 followed by $58.88
Invalidation: A decisive move above the $61.38 resistance level.
Bullish Outlook
Trigger: A sustained break above the $61.38 resistance level.
Targets: $62.19 followed by $62.63
Invalidation: A drop below the $60.13 support level.
Note
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USCRUDEOIL - Potential Buy (Day Trading) & Sell (Swing Trading)Hi Traders,
We are BUYING CMCMARKETS:USCRUDEOIL
🧠 Price Action Analysis:
USOIL has recently shown strong bullish momentum, bouncing off key support levels and forming higher lows.
Today, price is holding above a critical zone, suggesting continued interest from buyers. If this support holds and momentum builds, we could see a move toward recent highs.
Good Luck
WTI Oil H4 | Overlap support at 38.2% Fibonacci retracementWTI 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.
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USCRUDEOIL - Potential Sell (Day Trading)Hi traders,
Next week I am looking to SELL CMCMARKETS:USCRUDEOIL .
Price Action Analysis:
4hr Chart: Price has been forming higher highs and higher lows, but has now broken a key support level (previous buyer zone), which may indicate a shift to seller control. We need to check the lower time frames to confirm if this supports a bearish bias.
1hr Chart: After breaking the buyer zone, price has started forming a new bullish structure. If this structure fails, it could confirm a sell setup. Stay on standby.
Lower timeframe: Timing for entry
Good Luck
STUDY, STUDY, STUDY. Lorenzo Tarati :)
USOIL: Will Keep Falling! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the USOIL pair price action which suggests a high likelihood of a coming move down.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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usoil on 1 hr usoil continues taking resistance from trendline now it has give closing at trendline if u notice on chart whenever usoil come at trendline it goes in consolidation zone and fall down now its doing same thing so plan for monday if usoil breaking rang down side and 15 min candle is giving closing below 62.300 then it a good short opportunity till target of 61.786 to 60.248 and for we have to wait price to given closing 62.800
USOIL: Strong Bearish Sentiment! Short!
My dear friends,
Today we will analyse USOIL together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 62.367 Therefore, a strong bearish reaction here could determine the next move down.We will watch for a confirmation candle, and then target the next key level of 61.933 .Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
USOIL Temporary Drop seems inevitableOn Thursday, WTI crude oil futures prices fell approximately 3.5% during the session, extending losses after failing to test technical resistance levels. The decline was jointly driven by heightened expectations of a U.S.-Iran nuclear agreement and unexpected increases in crude oil inventories, both of which exerted heavy pressure on supply outlooks. Nevertheless, market analysis suggests the downside for the U.S. dollar may be limited. Improved global trade sentiment has reduced recession fears, leading markets to scale back expectations for aggressive Federal Reserve rate cuts. Data shows the probability of a 25-basis-point rate cut by the Fed in September is now 74%, down from earlier predictions of a July cut.
Crude oil continued to decline today, breaking the previous upward pattern, with a high probability that prices will trade in a broad range going forward. Overall, the magnitude of the decline has increased, suggesting a higher likelihood of further downside. Today's trading strategy considers shorting on rebounds as the primary approach, while waiting for long opportunities at lower levels. Resistance is focused on the $62.0–63.0 area, with support at $60.0–59.0.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
WTIUSD Building a Base – Bullish Reversal Setup Above $58?# WTIUSD
**Instrument:** WTIUSD
**Current Price:** Around $60
**Bias:** Bullish (Reversal)
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**Analysis:**
WTI is showing signs of a potential **trend reversal** after forming a solid base near the $53.8 level, marked as the **invalidation zone**. Price has reclaimed the $58.3 support level and appears to be preparing for a bullish continuation, especially if it forms a higher low near this level.
A sustained move above $58.3 followed by bullish structure could open the door toward **$70.0** and possibly even **$75.0** in the medium term.
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**Key Levels:**
- **Support:** $58.292
- **Invalidation:** $53.828 (price closing below would negate the setup)
- **Bullish Targets:** $70.0 – $75.0
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**Trade Idea (Not Financial Advice):**
Look for confirmation of support holding above $58.3 and potential bullish momentum for entries. Invalid if price breaks and closes below $53.8.
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> **Disclaimer:**
> This analysis is for educational purposes only and should not be taken as financial advice. Trading commodities involves significant risk. Always do your own research and use proper risk management.
USOIL UPDATEweek hit its largest since the week of March 7, 2025. The EIA crude oil inventory for the week stood at 3.454 million barrels, contrasting with the expected -1.078 million barrels and the previous figure of -2.032 million barrels.
On Wednesday, crude oil exhibited a high-range oscillatory pattern: it stabilized and rebounded near $62.7, then pulled back after reaching $63.6, maintaining volatility within a narrow upper range. Influenced by the large bullish candlestick on the daily chart, oil prices still carry an upward probability.
Overall, crude oil remains in a bullish consolidation phase. For trading strategies, a "buy low, sell high" approach is recommended, with resistance levels to watch at $63.6–64.5 and support levels at $62.7–61.2.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.