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USOILSPOT trade ideas

WTI Oil H1 | Bearish downtrend to extend further?WTI oil (USOIL) could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 59.52 which is a pullback resistance. Stop loss is at 61.50 which is a level that sits above a pullback resistance. Take profit is at 57.37 which is a swing-low support. 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 (www.fxcm.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 (www.fxcm.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 Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILShort
by FXCM
Buy oil! Target 63-65！Crude oil is currently in a short position overall, and the rebound momentum is relatively weak. However, in the short-term structure, oil has shown obvious signs of stopping the decline, and the support of the 60-59 area below is still valid. After hitting the low point of 58.9, oil began to rebound, and the rebound low gradually shifted upward. At present, oil holds the support near 60, and is expected to build a W-bottom structure in the short-term structure, which is conducive to further rebound of oil prices. Therefore, in terms of short-term trading, you can try to go long on crude oil in the 60.5-59.5 area, and the rebound target will first look at 63, followed by 65 The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
TVC:USOILLong
by Trader_Marvin
WTI - Will Iran return to the group of oil producers?!WTI oil is below the EMA200 and EMA50 on the 4-hour timeframe and is moving in its medium-term descending channel. If the correction towards the supply zone continues, the next oil selling opportunity with a suitable reward for risk will be provided for us. In this direction, with confirmation, we can look for oil buying transactions. The U.S. Energy Information Administration (EIA), in its latest report, has downgraded its forecasts for oil and natural gas production, consumption, and prices for 2025 and 2026, while warning about the uncertain outlook of the energy market amidst economic volatility and escalating trade tensions. According to the updated estimates, U.S. crude oil production in 2025 is expected to reach 13.51 million barrels per day, down from the previous forecast of 13.61 million barrels. For 2026, the figure has been revised to 13.56 million barrels per day, a reduction from the earlier 13.76 million forecast. Monthly data shows average U.S. oil output stood at 13.44 million barrels per day in April and 13.55 million in March, with similar levels expected in May. Globally, EIA projects oil production in 2025 to be around 104.1 million barrels per day, slightly down from the earlier estimate of 104.2 million. For 2026, the revised figure stands at 105.3 million barrels per day compared to the previous 105.8 million. On the demand side, global oil consumption forecasts have also been reduced. In 2025, demand is now estimated at 103.6 million barrels per day instead of 104.1 million, and for 2026 it is projected at 104.7 million barrels per day, down from the prior estimate of 105.3 million. Regarding natural gas, the EIA reports that average U.S. gas production in April will be around 115 billion cubic feet per day, slightly lower than the 115.3 billion cubic feet reported in March. May’s forecast stands at 115.4 billion cubic feet. Demand has also dipped, with estimates for 2025 now at 91.2 billion cubic feet per day (down from 92), and for 2026 at 90.5 billion (previously 91.1). In terms of pricing, EIA has made significant downward revisions. The average price of West Texas Intermediate (WTI) crude oil is now forecast to be $63.88 per barrel in 2025, compared to the earlier $70.68. For 2026, this drops further to $57.48. Brent crude is now estimated at $67.87 for 2025 and $61.48 for 2026, both notably lower than prior projections. One key highlight from the report is EIA’s warning about high volatility in major commodity prices, especially crude oil. The agency underlined that reciprocal tariffs between China and the U.S. could heavily impact markets, particularly the propane sector. EIA noted that U.S. liquefied natural gas (LNG) exports are likely to remain resilient despite trade disputes. This is attributed to strong global demand and the flexible nature of U.S. export contracts, which allow unrestricted shipments to multiple destinations. However, when it comes to oil and petroleum products, the agency maintained a more cautious tone, emphasizing that recent shifts in global trade policies and oil production patterns may slow the growth of demand for petroleum-based products through 2026. Altogether, the downward revisions by the EIA carry a clear message: the energy market outlook over the coming years is fraught with uncertainty. From supply and demand to pricing, political and economic forces such as trade wars and potential global recessions are expected to play decisive roles. Meanwhile, according to Reuters, after U.S. President Donald Trump once again threatened military action if Tehran refuses to agree to a nuclear deal, a senior Iranian official responded by warning that Iran may halt its cooperation with the U.N.’s nuclear watchdog. Reports indicate that American and Iranian diplomats will meet in Oman on Saturday to begin talks on Tehran’s nuclear program. Trump stated that he would have the final say on whether the negotiations are failing, which could place Iran in a highly dangerous position. Ali Shamkhani, a senior adviser to Iran’s Supreme Leader, posted on X (formerly Twitter) that ongoing foreign threats and the looming threat of military confrontation could lead to deterrent actions such as expelling International Atomic Energy Agency (IAEA) inspectors and cutting ties with the agency.He also mentioned that relocating enriched uranium to secure, undisclosed locations within Iran may be under consideration
TVC:USOILLong
by Ali_PSND
USOIL Will Move Higher! Buy! Here is our detailed technical review for USOIL. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 62.526. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 65.043 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
1
USOILThis chart shows the price action for WTI Crude Oil (1-hour timeframe). The price is currently trading within a range, with a resistance level at 66.49 and a support level at 58.93. The current target for the price is 62.41, which is near the midpoint between the resistance and support zones. If the price moves upwards, it is expected to reach 62.41 before encountering potential resistance. Traders should watch for a breakout or bounce at these key levels to determine the next market direction.
TVC:USOILLong
by Joan_Pro_Trader
Crude Oil: A Major Breakdown in the Making?Last Friday, April 4th, 2025, crude oil decisively broke below a key long-term support level that had held strong since late November 2021. This significant downside breakout, if confirmed, could mark a major shift in the oil market structure — potentially opening the door for a deeper decline. Based on Elliott Wave analysis, it appears that wave B has been completed in the form of a contracting triangle, and we are now likely entering wave C. According to Fibonacci projections, wave C could extend down toward the $41–$44 range, which represents roughly a 28% drop from current levels. From a chart pattern perspective, price action has also broken down from a descending triangle — a classic bearish pattern — with a projected target that aligns closely with the Elliott Wave count around $44. Moreover, this entire bearish move, which began in early June 2022, fits neatly within a descending channel — further validating the confluence of technical signals. Breaking below such a well-established support zone alone could be a strong bearish signal. But when this is backed by Elliott Wave structure, pattern projection, and broader macroeconomic concerns, it suggests a high-probability short opportunity in crude oil.
CAPITALCOM:OIL_CRUDEShort
by mohemati
1
Oil in a multi-week declining triangle patternPYTH:USOILSPOT Oil has been in a multi-week declining triangle pattern, lasting over 2 years so far, which will eventually break to the downside. When it does, the price target should be around $35 USD. Which is calculated subtracting the width of the triangle from the base of the triangle. When? Probably when we have a stock market crash, which could be soon. Fundamentally speaking, a global recession should reduce global demand for crude oil. Also, a resolution of the Ukraine-Rusia conflict should increase global supply of crude oil. Good luck to you
FX:USOILShort
by Raul_Dominguez
WTI Continues Sharp Decline and Enters Oversold TerritoryOver the past five trading sessions, oil prices have dropped more than 17% , with WTI crude falling below the $60 per barrel mark. This move reflects ongoing market uncertainty, as investors expect the new trade war to significantly weaken oil demand in the coming months. As long as confidence remains in a fragile zone, downward pressure on oil prices is likely to persist. Break of the Sideways Channel In recent weeks, a key sideways channel that had held since November 2023 has been broken. This shift could alter the neutral outlook that has dominated the oil market in the long term and now points toward seller dominance. As price movements stabilize, a stronger bearish trend may begin to develop in the short term. Oversold Conditions Appear RSI: The RSI line is currently holding below the 30 level, which signals oversold conditions on the indicator. This suggests that while bearish pressure has been dominant, the market may be entering an early stage of exhaustion, potentially opening the door for short-term bullish corrections. Bollinger Bands: The price has completely broken through the lower Bollinger Band, indicating that it has moved beyond two standard deviations from the mean. This reflects high volatility and could signal a pause in selling momentum. In turn, it may lead to potential rebound zones forming soon. Key Levels: $58 – Near Support: This is the most important short-term barrier, aligning with multi-year lows not seen since 2021. Continued selling below this level could reinforce the current bearish bias. $66 – Near Resistance: This level marks the lower boundary of the former sideways channel. It may act as a potential zone for bullish corrections in the short term. $73 – Distant Resistance: This level aligns with the 200-period moving average. Price action approaching this area could reactivate the previously abandoned uptrend. By Julian Pineda, CFA – Market Analyst
FOREXCOM:USOIL
by FOREXcom
Crude US-Oil – Bullish Recovery Potential After Massive Sell-OffAfter a significant breakdown from the rising channel structure WTI Crude Oil experienced an aggressive drop from the $73–$74 region leading to a change of character ( CHOCH ) and breaking through key trendline support This movement marked the end of the previous bullish structure and ushered in a sharp bearish impulse Key Observations: Bearish Divergence A clear bearish divergence at the top near $73 signaled weakening momentum which was followed by a steep decline CHOCH Confirmation The structure break below trendline support confirmed the shift from bullish to bearish sentiment Liquidity Grab Below $59 Price aggressively swept liquidity below $59 (marked by the blue zone) before bouncing back hinting at a potential bottom or temporary support zone. Current Price Action: WTI is now consolidating within a range (gray box) after the bounce trading around $61.50–$62.00. If the price holds above $60 and manages to build a base we may see bullish continuation toward the next resistance levels. Bullish Scenarios: 1. Short-Term: A breakout above the range could target the $65.00 and $66.37 levels 2. Medium-Term: Sustained momentum could push price toward $67.68 and possibly $68.81 where higher timeframe resistance lies. Conclusion: As long as price remains supported above the $58.93 liquidity zone and builds strength above $61–$62 the recovery setup remains valid This could offer a great opportunity for bulls to step in and target the inefficiencies left behind during the sell-off $59.00 Resistance: $65.20, $66.50, $67.60, $69.00 Support: $60.50, $59.50 Always manage your risk and wait for confirmation before entering any positions...
TVC:USOILLong
by TrendLinford
Bears to scoop the Oil all the way to the 42.00 zone U.S. oil prices have extended their losses this Wednesday, plunging by more than 6% after China just announced it has raised tariff trade duty on goods from the United States from 34% to 84% starting 10th April in response to US President Donald Trump's tariffs, including a cumulative levy rate of 104% on Chinese imports. Traders are now remaining wary of investing amid United States President Donald Trump's tariffs on other countries and specific imports, despite the continued turmoil in the Middle East, That being said I'm with the bears on this one sell @after retest @60.00 1st Tp @42.00
TVC:USOILShort
by que
USOIL CATCHING THE FALLING KNIFE|LONG| ✅CRUDE OIL lost 18% of it's Value in the last 5 days on the Trade war news, which makes The market to expect a recession And a sharp drop in the oil demand However, I still think that Oil Is locally oversold, therefore A local bullish correction is To be expected from the Horizontal support below Around 57.34$ and the Target being the resistance Above around 61.81$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅ 

 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TVC:USOILLong
by ProSignalsFx
1
Analysis of oil prices in the next six months to one yearThe oil chart indicates that prices are likely to see lower numbers. The United States may intend to take a series of actions to keep oil prices down in order to alleviate some inflationary pressure, which could stem from the trade war and also from military conflicts involving the U.S. From the chart, it can be inferred that in the medium term, prices might fluctuate between $55 and $69, but there is also the possibility of a correction down to around $43. This would benefit industrialized countries that consume oil, helping their economies become somewhat more resilient to the impending stagflationary shock worldwide.
OANDA:WTICOUSDShort
by M2it2M
USOIL:You need to refer to this strategyPresident Trump of the United States suddenly announced the suspension of tariffs, which led to a significant change in market sentiment. Since tariffs play a crucial role in global economic relations and market expectations, this unexpected move has caused investors to adjust their investment portfolios. As the new tariff suspension policy has reduced market uncertainties to a certain extent, gold, which is usually regarded as a safe-haven asset, has been sold off. Conversely, the price of USOIL has soared, reflecting the market's rapid response to this major policy change. If you're at a loss right now, don't face it alone. Please contact me. We are always ready to fight side by side with you.
TVC:USOIL
by H_C_12
Tariff Panic = Opportunity | WTI Long SetupWTI Oil has finally dipped into my long-watched buy zone, driven by macro fear and an aggressive tariff agenda. The current drop aligned perfectly with my long-term execution plan. I’ve placed this trade based on key historical demand levels with my stop-loss and take-profit clearly defined. I’m prepared for deeper drawdown, but this area remains high-conviction for me. Execution > Prediction. Technicals: • Key Level: Price tapped into a major demand zone dating back to 2021 lows, which had been protected ever since. • Liquidity Sweep: This drop mitigated every low formed post-2021 — clearing out late longs and stop hunts. • Trendline Break Anticipation: I expect a potential trendline breakout from the long-term descending structure. • SL/TP Defined: This trade has structure. It’s not a hope-based setup, it’s pre-planned and managed. • Consolidation + Accumulation: This is where strong hands prepare, and I’m joining in. Fundamentals: • Tight supply, rising global demand, and structural underinvestment in oil exploration. • Chinese reopening + Russian ban tighten market availability. • Central banks expected to support demand via easing cycles. • Oil Bearish Catalyst (Short-Term): • US tariff wave: Trump announced a total 54% tariff on China and baseline tariffs on all trading partners. • Escalating fears of global economic slowdown pushed prices to $58.80, a 4-year low. The bearish panic gave bulls like us a gift. This is how real trades are born - not in euphoria, but in blood. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
OANDA:WTICOUSDLong
by AR33_