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.
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USCRUDEOILCFD trade ideas
WTI OIL SPOT / Crude Oil SpotCrude has appreciated from 55 odd levels to 73+
In the wake of Iran israel conflict...
Crude is likely to surge higher...
Above 94$ Crude cruising to 102/104 levels in all likelihood.
Have marked important levels on chart for ur perusal
Happy trading
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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
Unfortunate but an opportunity nonetheless Welcome to warring times. Energy of all kinds, oil, and many of the likes will see major spikes as conflicts and tensions rise. Currencies will spike and crash and gold MAY inflate as times of uncertainties rallies gold bulls like school bells to kids for recess.
Iran vs Israel Conflict: Which assets are being affected?The ongoing conflict between Iran and Israel has had a notable impact on global stock markets and currency pairs, primarily driven by concerns over oil supply disruptions and increased geopolitical uncertainty.
Here's a breakdown of the affected assets:
Stocks
Overall Market Decline: Major global stock indices, including the Dow Jones Industrial Average, S&P 500, Nasdaq Composite, and India's Sensex and Nifty 50, have experienced declines following the escalation of tensions.
Negatively Impacted Sectors/Stocks:
Airlines & Travel: Companies like United Airlines, Delta Air Lines, American Airlines, and cruise operators (e.g., Norwegian Cruise Line Holdings, Carnival Corp.) have seen sharp losses due to surging fuel costs and reduced travel sentiment. Hotel operators (e.g., Hilton, Marriott) and car rental companies (e.g., Avis Budget Group, Hertz) also felt the impact.
Consumer Discretionary: Companies tied to discretionary spending and those with high energy-input costs (e.g., General Motors, Ford, Target, Best Buy, Nike) have been negatively affected, as rising oil prices can impact consumer behaviour.
Technology & Financials: Broad technology companies, particularly those producing consumer goods, and the financial sector have seen declines.
US-listed Israeli Companies: Companies like Check Point Software Technologies, Teva Pharmaceutical Industries, Mobileye Global, and eToro Group experienced drops.
Positively Impacted/Benefiting Sectors/Stocks:
Oil & Energy: Oil prices surged, leading to gains for energy stocks such as Exxon Mobil, ConocoPhillips, and Diamondback Energy.
Defence: Defence contractors like Lockheed Martin, RTX Corporation, and Northrop Grumman have rallied due to increased geopolitical uncertainty.
Gold Miners: Shares of gold miners (e.g., Newmont, AngloGold Ashanti) rose as gold prices climbed, driven by safe-haven demand.
Renewable Energy/EVs: Electric-vehicle maker Tesla and solar power companies like First Solar and SolarEdge Technologies saw gains, possibly as alternatives to fossil fuels.
Currency Pairs
Safe-Haven Currencies Strengthen:
US Dollar (USD): The US dollar has rallied against most G7 currencies, benefiting from safe-haven flows.
Japanese Yen (JPY): The Japanese Yen strengthened as investors sought safety.
Swiss Franc (CHF): The Swiss Franc also gained alongside other safe-haven assets.
Gold (XAU/USD): Gold prices surged to multi-month highs, trading above $3,400 per troy ounce, reflecting strong safe-haven demand.
Risk-Sensitive Currencies Weaken:
Euro (EUR/USD): The EUR/USD pair retreated, with the Euro being "hardly damaged" initially but experiencing downward pressure from the escalating conflict.
Australian Dollar (AUD) & New Zealand Dollar (NZD): These risk-sensitive Asian currencies weakened.
Indian Rupee (INR): The Indian Rupee weakened against the US dollar due to the impact of rising crude oil prices on India, a major oil importer.
While the immediate market response has shown volatility and a "risk-off" sentiment, some analysts suggest that the longer-term impact will depend on the conflict's duration and whether it escalates into a broader regional or global issue, particularly concerning oil supply disruptions.
Oil Price Rally Stalls at $77.72, Just Below 2025 HighFenzoFx—Oil prices resumed their bullish trend, accelerating after geopolitical tensions in the Middle East. The rally paused at $77.72, just below the 2025 high.
RSI 14 indicates an overbought market, while volume accumulation at $73.7 suggests possible sell orders. A consolidation phase is likely before further gains.
If oil pulls back, key demand zones at $64.00 and $66.00 offer bullish opportunities, with a potential move toward the 2025 high at $80.59.
USOIL:Go long
USOIL:Crude oil rose sharply under the tension in the Middle East, the early repeatedly suggested that the continuous low shock after the upward breakthrough, the time of storage force is long enough, especially the watershed 64.8 break after the rising space has been opened, the trading idea is still to step back and do long.
Trading Strategy:
BUY@66.9-67.2
TP: 68.6-69
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Bullish momentum remains robust.International oil prices surged then pulled back. Brent crude oil futures fell 47 cents to $69.40 per barrel, while U.S. West Texas Intermediate (WTI) dropped 33 cents to $67.84. In the previous session, both Brent and WTI recorded over 4% gains, hitting their highest levels since early April.
On Wednesday, U.S. President Trump stated that the U.S. is withdrawing some personnel from the Middle East due to the region's potential danger, reiterating that Iran will not be allowed to develop nuclear weapons. Meanwhile, market surveys showed the U.S. is preparing partial evacuations of personnel from its embassy in Iraq and allowing family members in Bahrain and other areas to leave. U.S. and Iraqi sources revealed the move primarily stems from heightened security risks in the region.
Current upward momentum in the oil market is driven by dual factors: geopolitical tensions in the Middle East and unexpected declines in U.S. inventories. In the short term, as long as tensions between Iran and the U.S. show no signs of easing, the market will continue to monitor potential supply disruption risks. Additionally, the alleviation of trade concerns and global economic recovery expectations will provide strong long-term support for oil prices. However, risks of sharp volatility from sudden deterioration in geopolitical situations should be vigilantly monitored.
With moving averages diverging upward, the short-term objective trend is clearly established as bullish. It is expected that crude oil prices will continue to rise and hit new highs.
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@65.5.0-66.0
TP:67.5-68.0
WTI Oil H4 | Potential bullish bounceWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 66.44 which is a pullback support.
Stop loss is at 64.25 which is a level that lies underneath an overlap support and the 50% Fibonacci retracement.
Take profit is at 69.11 which is a pullback 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.
Crude oil is expected to break through the $68.00 mark
💡Message Strategy
WTI crude oil futures prices soared during the European session on Wednesday (June 11), continuing Tuesday's gains, but failed to reach the important level of $66.45. Currently, bulls are focusing on whether they can clearly break through the technical resistance level to confirm the continued upward trend.
OPEC+ plans to increase production by 411,000 barrels per day in July, the fourth consecutive month of increase. Its impact on global supply may be weakened. Domestic demand in Saudi Arabia and other OPEC+ members may increase in the summer, helping to absorb the additional supply. According to Capital Economics, this internal consumption may support oil prices in the short term by offsetting the increase in supply.
China-US trade truce boosts risk appetite, but demand questions remain
WTI hit a seven-week high, reflecting the recovery of market risk appetite after the China-US trade negotiations. The two sides have agreed on a framework for restarting the trade truce and easing rare earth export restrictions, boosting market sentiment.
📊Technical aspects
Oil price forecast: Bullish bias strengthens above key resistance level
If the bears regain control, $64.50 will be seen as the near-term support. A successful break above $66.75 could open up space for the next major upside target near $67.50.
Supported by geopolitical tensions, easing trade concerns and stable demand fundamentals, the outlook for crude oil remains bullish, provided that WTI can close above $66.75.
If a breakout is confirmed, it may attract new buying and push prices towards the $68 mark. However, if the current gains cannot be maintained, oil prices may fall back to the $64.50 range.
💰 Strategy Package
Long Position: 64.50-65.00,65.00-65.30
Crude Oil Technical Analysis 🛢 Crude Oil Technical Analysis (Weekly Structure & 2H Chart Confirmation)
Chart Reference: Based on your 2H chart, crude has completed an A-B corrective structure and is likely entering the impulsive C leg, which typically unfolds in 5 waves (I, II, III, IV, V).
🔍 Elliott Wave Interpretation
Wave A: Likely the initial leg down — corrective but strong.
Wave B: Completed near the recent top ~66.5–67 zone (acts as resistance).
Wave C: Beginning now; a clear impulse structure (5-wave down expected).
🟣 Wave Count Breakdown on 2H Chart
Wave I: Likely completed near 64.5 — key level to confirm downside continuation.
Wave II: Minor retracement to ~66.5 (double top zone).
Wave III: Expected to be sharp and impulsive — projected towards 60 zone.
Wave IV: Small pullback/retrace near 57.5–58.5.
Wave V: Final push down — projected to 52–54 range.
🎯 Key Price Levels
Level Significance
66.5–67.0 Wave B high / Resistance Zone
64.5 Breakdown Confirmation (Wave I Low)
60.0 First Major Support / Wave III end
55.0 Likely Wave V Extension area
52.0 Potential C-Wave Completion Zone
🧠 Observations & Trade Notes
If 64.5 breaks, the C-leg is active and impulsive selling should follow.
RSI/Momentum indicators (not shown) should confirm bearish divergence or breakdown if this analysis holds.
Wave III is usually the longest; hence, fast drop expected after 64.5 breach.
Keep an eye on volume spikes and wide-body red candles post-64.5 for entry triggers.
📉 Short-Term Trading Strategy
Below 64.5: Initiate short with SL above 66.7
Target 1: 60.2
Target 2: 55.3
Target 3: 52.0
SL Trail: Once below 60, trail SL above 62.
🛑 Risk Considerations
A strong close above 67.2 invalidates the current wave count and may call for re-evaluation (possibly extended Wave B or triangle).
📌 Conclusion
Crude has likely entered a Wave C downtrend which is impulsive in nature. A clean break below 64.5 confirms that Wave III is active, and targets of 60–52 remain valid. The structure aligns with a larger time frame correction. Strong caution is advised above 67.
📢 Disclaimer:
This analysis is for educational and informational purposes only and should not be construed as investment or trading advice. Trading in commodities, stocks, futures, and options involves substantial risk of loss and is not suitable for every investor. Past performance is not indicative of future results. Always do your own research or consult with a qualified financial advisor before making any trading decisions. The author shall not be held responsible for any losses incurred from the use of this analysis.
USOIL:Go short before you go long
USOIL:Crude oil trend in line with expectations to break 65, hourly level to see adjustment, trading can be done first short and then long. Here are my range trading ideas.
Trading Strategy:
SELL@65.4-65.5
TP:64.5-64.
BUY@64.5-64
TP: 65.3-65.5
↓↓↓ More detailed strategies and trading will be notified here ↗↗↗
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WTI Crude Oil INTRADAY Bullish breakout supported at 6380Trend Overview:
WTI Crude Oil remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 6380 (primary pivot), followed by 6320 and 6250
Resistance: 6650 (initial), then 6740 and 6830
Technical Outlook:
A pullback to the 6380 level, which aligns with the previous consolidation zone, could act as a platform for renewed buying interest. A confirmed bounce from this support may trigger a continuation toward the next resistance levels at 6650, 6740, and ultimately 6830.
Conversely, a daily close below 6380 would suggest weakening bullish momentum. This scenario would shift the bias to bearish in the short term, potentially targeting 6320 and 6250 as downside levels.
Conclusion:
WTI Crude Oil maintains a bullish structure while trading above the 6380 support. A bounce from this level would validate the consolidation as a continuation pattern, with upside potential toward the 6650 area. A breakdown below 6380, however, would invalidate this view and suggest deeper corrective risk.
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.
WTI on high time frame , price reach 60$?
"Hello friends, focusing on WTI, the price is currently in a bullish trend on the daily time frame. During the last NY session, the price swept liquidity in the $66 zone and faced a strong rejection. Considering both technical analysis and fundamental news, I believe the price is gearing up for a decline, with the initial target likely around $60."
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