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
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SPOTCRUDE trade ideas
USOIL UPDATEHello friends
Given the recent growth in oil prices, it is natural for the price to correct. Now we have obtained the most important price support areas for you and we have also specified the target. If you are willing to enter the transaction, be sure to observe capital management.
*Trade safely with us*
WTI Crude Oil (USOIL) Bullish Pullback Setup – Targeting $66.70 Entry Point: Around $62.30 - $62.26
Stop Loss: Set below the entry zone at $61.65, with a potential lower buffer at $60.90
Target Zone (EA TARGET POINT): Between $66.62 and $67.00
A projected gain of 4.22 points (~6.77%)
📈 Price Action & Indicators:
The price had a strong bullish run recently and is now consolidating or pulling back slightly.
The red and blue moving averages (likely short-term and medium-term MAs) show a bullish crossover and trend.
There's a potential bullish setup if the price pulls back to the entry zone and finds support.
The blue curved arrow indicates a projected bounce from the $62.30 support region back up toward the $66.70 target.
🛠️ Strategy Implied:
Wait for pullback to the entry zone (~$62.30).
Enter long at or around that level.
Set Stop Loss at $61.65 to limit downside risk.
Take Profit at $66.70 for a solid risk-reward ratio.
⚠️ Risks:
If support at $62.30 fails, price may head toward $61.65 or lower.
Market volatility (especially with crude oil) can invalidate setups quickly.
Economic events (e.g., U.S. inventory reports, OPEC news) can disrupt technical patterns.
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.
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USOIL:The short-term trend direction resumes an upward trend.The short-term trend of USOIL has started to rise again and is currently fluctuating around $63. The moving average system is in a bullish arrangement, and the objective short-term trend direction has resumed an upward trend. The oil price in the early trading session has declined within a narrow range, forming a secondary rhythm. According to the law of primary and secondary alternation, it is expected that the intraday trend of crude oil will continue to rise slightly.
USOIL
buy@62-62.5
tp:64-64.5
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.
XTIUSD Crude oil Raid Plan: Snag Profits Before the ATR Trap!🌍 Greetings, Wealth Warriors! Salut! Ciao! Salaam! 🌟
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Crafted with 🔥Bandit Blueprint analysis🔥 (technical + fundamental), here’s our cunning scheme to raid the "XTIUSD / WTI Oil" Energy Market. Follow the charted course for a long entry, aiming to slip away near the high-stakes ATR Zone. Watch out—overbought signals, consolidation, or a trend flip could trap the unwary where bearish bandits lurk! 🏴☠️💸 "Cash out and celebrate, traders—you’ve earned it! 🎉💪"
**Entry 📈**: "The vault’s open! Await the MA breakout (64.00), then strike—bullish riches await!"
Pro tip: Set buy stop orders above the Moving Average or place buy limit orders at the latest 15/30-min swing low/high for pullback entries.
📢 Set a chart "alert" to catch the breakout moment!
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📍 Bandit SL set at the recent 3H swing low (60.00) for swing trades.
📍 Adjust SL based on your risk, lot size, and number of orders.
**Target 🎯**: 70.000 or bail out before the finish line.
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💸 **US Oil Spot / WTI** Swing Trade Plan: Bullish vibes 🐂 are surging, fueled by key drivers. ☝
📰 **Dive Deeper**: Check Fundamentals, Macro Trends, COT Reports, Seasonal Patterns, Intermarket Insights, Inventory Data, and Future Targets 👉🔗
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News drops can shake prices and volatility. To protect your haul:
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Real-Time Data (UTC+1, May 14, 2025) 📊
**WTI Oil (XTIUSD)**:
- **Price**: ~$63.80 (based on latest market data)
- **MA Breakout Level**: ~$64.00 (as per strategy)
- **Stop Loss Level**: ~$60.00 (3H swing low)
- **Target**: $70.00
- **Market Sentiment**: Bullish 🐂, driven by inventory draws and geopolitical factors (per recent analysis).
**Latest COT Data (Friday, May 9, 2025)**:
- **Commercial Hedgers**: Increased net long positions in WTI futures, signaling bullish bias.
- **Large Speculators**: Moderately net long, cautious due to overbought risks.
- **Data Source**: CFTC (official Commitment of Traders report).
**Key Fundamental Drivers**:
- **Inventory**: EIA reported a -2.5M barrel draw last week, supporting bullish momentum.
- **Geopolitical**: Middle East tensions continue to prop up oil prices.
- **Seasonal**: Summer demand expectations rising.
🔔 **Note**: Monitor upcoming EIA inventory data (Wednesday, May 14, 2025) for volatility.
---
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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 $60.48
favorable risk-to-reward ratio, aiming to capture the bullish breakout continuation.
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Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
USOIL POTENTIAL SHORT|
✅CRUDE OIL has been growing recently
And Oil seems locally overbought
So as the pair is approaching a horizontal resistance of 64.82$
Price decline is to be expected
SHORT🔥
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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❗️
WTI Crude Oil Testing Major Resistance – Will $64.260 Hold or CrPrice has surged sharply from the $55.931 🔽 support zone, climbing nearly 14% and is now approaching the key $64.260 🔼 resistance area. This level has held twice before, making it a significant short-term barrier.
Currently trading at $63.83, with
Support at: $60.000 🔽, $55.931 🔽
Resistance at: $64.260 🔼, $67.000 🔼, $71.101 🔼
Bias:
🔼 Bullish: A clean breakout and retest above $64.260 could open the door toward $67.000 and even $71.101. Strong momentum favors buyers for now.
🔽 Bearish: Rejection at $64.260 may lead to a retracement back toward $60.000 or even $55.931 if sellers step in strongly.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
USOIL bullish projection, expecting price to rise after pullbaCKInstrument: CFDs on WTI Crude Oil
Timeframe: 2-hour (2h)
Current Price: Around 69.35 USD
Indicators:
Moving Averages: Two are visible (likely 50 and 200-period EMAs)
Fibonacci Levels: Retracement levels marked
Key Zones:
Resistance Zone (Red box): Around 63–65 USD
Support Zone: Around 61–62 USD
Price Action:
There was a significant downtrend, followed by a double bottom/reversal.
Price has broken above previous resistance and is now retesting the breakout zone.
Trade Setup:
Entry Zone: Around 63.10 USD
Target Zone: Around 69.11 USD
Stop Loss: Near 61.87 USD (based on the support zone/Fibonacci 0.5 level)
The green box suggests a bullish projection, expecting price to rise after a pullback and retest.
Interpretation:
This chart implies a bullish setup, where the trader expects:
A minor retracement to the highlighted red resistance-turned-support zone.
A continuation toward the target at 69.11 USD.
The risk-reward ratio is favorable if the entry occurs near the zone outlined.
USOIL prediction for Tue the 13th of MayApologies about not sharing predictions recently. For today, I can see the USOIL has reached a beautiful supply that has a FVG inside of it. My prediction is that the price might reverse for a short correction. If you are day-trading, that might be a good opportunity.
⚠️ Disclaimer:
This idea reflects my personal analysis and bias. It is not financial advice. Always do your own research, apply risk management, and trade only when you have clear confirmation. Protect your capital first.
WTI OIL Buy and sell levels within its Channel Down.WTI Oil (USOIL) has been trading within a Channel Down pattern on the 1D time-frame. The price is now rising having priced its most recent technical Lower Low. Every Lower High rejection happened either on or above the 1D MA200 (orange trend-line).
With the current rebound looking similar to September - October 2024, we expect a 0.786 Fib and 1D MA200 test at $68.50 (buy) and then reversal to a minimum -17.30% decline to $57.00 (sell).
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USOILUSOIL is in a correction phase. If the price can stay above 61.5, it is expected that the price will rebound. Consider buying in the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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USCRUDEOIL - Potential BuyHi Traders, hope this will help your view of the market regarding CMCMARKETS:USCRUDEOIL
BIAS: BUY
Logical Analysis:
SELLER gave a big discount from 3rd of April (72.00) till 9th of April (56.00). It was fast and healthy.
BUYER agreed to buy at 60.00.
Business is on around that 60.00 level.
I am bias to buy because i believe the BUYER is in control and want to buy more and the SELLER is not giving a discount because the BUYER is keen to buy high.
Technical Analysis:
See Chart :)
Good Luck!
WTI Oil H4 | An overlap support at 38.2% Fibonacci retracementWTI oil (USOIL) could fall towards an overlap support and 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 63.42 which is a multi-swing-high resistance.
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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.
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Crude Oil Dipped: Downtrend Could ResumeFenzoFx—Crude oil has begun consolidating around $63.5, a resistance level aligned with the 78.6% Fibonacci retracement. Selling pressure has resulted in a long-wicked bearish candlestick pattern at this level.
The primary support level stands at $61.45. A break below this threshold could trigger a new bearish wave, potentially driving the price toward the $60.20 support, reinforced by the 50-period simple moving average.
However, the primary trend remains bullish as long as the price holds above the $60.20 support.