Get started
WTI Crude Oil CashWTI Crude Oil CashWTI Crude Oil Cash

WTI Crude Oil Cash

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

USOUSD trade ideas

USOIL Will Go Higher From Support! Buy! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 61.684. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 64.409 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. 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
OIL: A Bearish Setup And Geopolitical UncertaintyOIL: A Bearish Setup And Geopolitical Uncertainty Today Oil is showing a clear bearish pattern development but it comes with a high risk from a fundamental perspective. Technical analysis: The price faced a strong resistance near 64 - 64.80 from where it moved down several times. The Chart is showing in a clear way the possibility of a bearish movement with targets 60.2 ; 58 and 56. It's possible that OIl may follow this way down if we don't take the news in consideration. Fundamental Analysis: Yesterday OIL declined toward $61 as traders anticipate positive developments on teh next round between US-Irand Nuclear negotiations. Earlier yesterday their lider said that the deal with the U.S was impossible. On the other hand, On Tuesday, the US obtained new intelligence suggesting that Israel is making preparations to strike Iranian nuclear facilities, even as US President Donald Trump has been pursuing a diplomatic deal with Tehran. It isn’t clear that Israeli leaders have made a final decision to carry out the strikes, CNN said, citing unnamed officials. So all of this is not a clear situation and if something happens OIL may rise aggressively up again. But this is all related to the news now. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
TVC:USOILShort
by KlejdiCuni
14
Textbook Falling Wedge & Wyckoff Accumulation Brewing?Analysis: Looking at the daily chart for Crude Oil, we appear to be seeing a very compelling confluence of bullish technical signals that suggest a potential significant reversal to the upside. Textbook Falling Wedge Formation: Price action is clearly consolidating within a well-defined falling wedge pattern. We have observed multiple clear touches (3+ on the upper, 4+ on the lower trendline), indicating these boundaries are highly respected by the market. Crucially, volume has been declining as price consolidates within the wedge, a classic characteristic signifying diminishing selling pressure. The angles of convergence also appear ideal, with the upper trendline being steeper than the lower. Wyckoff Accumulation Schematic #1 in Play? Diving deeper, the internal structure of this falling wedge strongly resembles Wyckoff's Accumulation Schematic #1. We can identify potential phases: PS (Preliminary Support): Early signs of buying. SC (Selling Climax): A sharp sell-off often with high volume, marking potential capitulation. AR (Automatic Rally): The first significant bounce after the SC. ST (Secondary Test): Retesting the lows of the SC. Spring: A key event where price dips below the established trading range support (or the wedge's lower trendline) only to quickly reverse back above it, effectively trapping sellers and confirming a shakeout of weak hands. This internal Wyckoff structure within the falling wedge significantly strengthens the case for institutional accumulation taking place. Bullish Candlestick & Oscillator Confluence: At the recent lows, we observed a potential Piercing Line bullish reversal candlestick pattern forming right at the lower trendline of the wedge. This indicates aggressive buying stepping in. The MACD indicator has confirmed this bullish shift, showing a recent bullish crossover (MACD line above Signal line) and a flip of the histogram from red to green. Furthermore, there appears to be a bullish divergence on the MACD – as price made lower lows within the wedge, the MACD indicator made higher lows (or showed increasing bullish momentum), suggesting underlying bearish momentum is weakening significantly. Market Sentiment & Potential Implications: It's noteworthy that this bullish technical setup is occurring amidst increased bearish media and Twitter sentiment surrounding oil. From a contrarian perspective, extreme bearish sentiment often coincides with market bottoms, as "smart money" accumulates positions while the crowd is most pessimistic. This situation could set the stage for a strong reversal, potentially fueled by short covering. Conclusion: All signs from price action, volume, candlestick patterns, and oscillators point towards a high probability of a bullish reversal and an upside breakout from this well-formed falling wedge. The potential Wyckoff accumulation pattern adds significant weight to the idea that sophisticated players are positioning for a significant move higher. What to Watch For: The next critical step is a decisive breakout above the upper trendline of the falling wedge, ideally accompanied by a significant surge in buying volume. This would confirm the pattern's completion and signal the potential start of a new uptrend. A more aggressive approach is entering now and capturing more upside if it is to occur. This is for educational purposes only and not financial advice. Always conduct your own research and manage your risk.
BLACKBULL:WTILong
by MikeMM
Crude Oil – Geopolitical Risks and Stockpiles Impacting PricesThe recent reduction in global trade tensions has helped Crude Oil (WTI) prices recover from lows of 55.64 seen on May 5th, to trade comfortably above 60 for the last 2 weeks. Traders have readjusted their thinking and positioning to account for a slightly more stable background for the global economy, and its potential influence on upcoming demand for Oil. However, despite this, tests of the recent highs at 65.33, seen on April 23rd, have been few and far between, although yesterday saw a spike in Crude Oil prices up to a 1 month high of 64.60 on a CNN report that suggested that Israel has drawn up plans to attack Iran's nuclear facilities. While prices have since moved lower again, the market reaction to this news does highlight the sensitivity of traders to any potential escalation in geopolitical risks in the region. It is also important to remember that traders are still awaiting updates on progress from US/Iran talks to curb Iran's nuclear activities. President Trump only a week ago said a deal was getting close, while Iran's top negotiator has seen shed some doubt over whether that's the case. Either way, updates on both of these crucial events may well influence Crude Oil prices moving forward. Adding to yesterday's volatile moves was a weekly report providing an update on the size of US Oil inventories which always grabs the attention of traders. Yesterday's release quickly dashed any hopes of a fresh move to test higher levels as it outlined an increase in stockpiles to 10 month highs and a fall in gasoline demand, which saw prices fall back lower (61.71 low) into the recent trading range. This extra volatility within the recent trading range sets up a potentially tense finish to the week for Crude Oil prices, so its often useful to check out the technical landscape for further insight. Technical Update: Evidence Points to a Sideways Range Since the sharp acceleration lower into the 55.20 April 9th 2025 low, Crude Oil has seen a consolidation emerge, with the mid-April recovery finding resistance at 65.15, which is equal to the 38.2% Fibonacci retracement of January 15th to April 9th 2025 weakness (see chart below). This activity looks to have established both upper and lower extremes of a sideways range in price, especially as the latest price movement has been held within these levels, which are 65.15 to the upside and 55.20 to the downside. Within technical analysis, this highlights something of a ‘battle’ between buyers and sellers, where price weakness is supported by buyers at or just above the 55.20 low, while price strength runs into resistance, as sellers continue to be found near the 38.2% retracement level at 65.15. Adding Bollinger Bands To Support Trading Decisions Now look at the chart below, where we include Bollinger bands alongside price action. This also appears to support an argument that a sideways trading range is forming. The mid-average is currently flat with both the upper and lower Bollinger bands parallel to it, outlining that balanced price volatility is evident for now. This suggests the sideways range may well continue with the upper band, currently at 64.77 and the lower band, currently at 57.36. We could argue that with the proximity of both the 65.15 Fibonacci retracement resistance to the upside, and the 55.20 April 9th low to the downside, upper extremes of the current range are 64.77/65.15, and lower levels of the current range are between 55.20/57.36. What Could This Mean for Crude Oil? For now at least, from a technical perspective the risks appear for the price of Crude Oil to remain within the confines of the current 55.20/57.36 up to 64.77/65.15 trading range, as there is no evidence emerging of an imminent breakout yet. A closing breakout from the current range is required to suggest potential for a more extended phase of price movement,. Of course, while any closing break is not a guarantee of a sustained move in the direction of the eventual break, any closes above 65.12/15 might see traders anticipate a further recovery in price towards 68.13, which is equal to the 50% Fibonacci retracement, even 71.17, the higher 61.8% level. To the downside, closes below the 55.20/57.30 lower daily Bollinger band and April 9th price low, might now be needed to skew possibilities towards a more extended phase of weakness. Such activity might then suggest potential for further downside, towards 51.38, which was a price low established in January 2021. The material provided here has not been prepared in 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
Oil Prices Up as Trump Delays EU Tariffs (Temporary Relief?) The global oil market, a sensitive barometer of economic health and geopolitical stability, registered a slight uptick in prices following the news that the Trump administration would extend the deadline for imposing new tariffs on a range of European Union goods. This minor rally, however, comes against a backdrop of a broader downtrend that has characterized the oil markets since mid-January. The persistent downward pressure has been largely attributed to the chilling effect of existing and threatened tariffs, not just between the US and the EU, but on a global scale, which have cast a long shadow over the outlook for global energy demand. To understand the significance of this deadline extension and its nuanced impact on oil prices, it's crucial to first appreciate the environment in which it occurred. For several months, the dominant narrative surrounding oil has been one of demand-side anxiety. President Trump's "America First" trade policy, which has seen the imposition of sweeping tariffs on goods from various countries, most notably China, and the persistent threat of more to come against allies like the European Union, has injected a significant dose of uncertainty into the global economic system. Tariffs, at their core, are taxes on imported goods. Their imposition typically leads to a cascade of negative economic consequences. Businesses that rely on imported components face higher input costs, which can either be absorbed, thereby reducing profit margins, or passed on to consumers in the form of higher prices. Higher consumer prices can dampen spending, a key driver of economic growth. Furthermore, the uncertainty created by an unpredictable trade policy environment often leads businesses to postpone investment decisions and hiring, further stagnating economic activity. This economic slowdown, or even the fear of it, directly translates into weaker demand for oil. Manufacturing activity, a significant consumer of energy, tends to decline. Global shipping and freight, which rely heavily on bunker fuel and diesel, slow down as trade volumes shrink. Consumer demand for gasoline and jet fuel can also wane if economic hardship leads to reduced travel and leisure activities. The retaliatory measures often taken by targeted nations – imposing their own tariffs on US goods – only serve to exacerbate this negative feedback loop, creating a tit-for-tat escalation that further erodes business confidence and global trade flows. It is this overarching concern about a tariff-induced global economic slowdown that has been weighing heavily on oil prices since the middle of January. Market participants, from large institutional investors to commodity traders, have been pricing in the potential for significantly reduced oil consumption in the months and years ahead if these trade disputes were to escalate or become entrenched. Every new tariff announcement or threat has typically sent ripples of concern through the market, often pushing oil prices lower. Against this gloomy backdrop, the news of an extension to the tariff deadline on EU goods, while not a resolution, acts as a momentary pause button on further immediate escalation. It offers a temporary reprieve, a brief window where the worst-case scenario of new, damaging tariffs being instantly applied is averted. This is likely why oil prices "edged higher." The market's reaction can be interpreted in several ways. Firstly, it reflects a slight easing of immediate downside risk to the European economy. The EU is a massive economic bloc and a significant consumer of oil. The imposition of new US tariffs on key European goods, such as automobiles or luxury products, would undoubtedly have a detrimental impact on European industries, potentially tipping already fragile economies closer to recession. An extension of the deadline pushes this immediate threat further down the road, offering a sliver of hope that a negotiated solution might yet be found, or at least that the economic pain is deferred. This deferral, however slight, can lead to a marginal upward revision of short-term oil demand expectations from the region. Secondly, the extension can be seen as a signal, however faint, that dialogue and negotiation are still possible. In the fraught world of international trade diplomacy, any indication that parties are willing to continue talking rather than immediately resorting to punitive measures can be interpreted positively by markets. It reduces, fractionally, the "uncertainty premium" that has been built into asset prices, including oil. However, it is crucial to temper any optimism. The fact that oil only "edged higher" rather than surged indicates the market's deep-seated caution. An extension is not a cancellation. The underlying threat of tariffs remains very much on the table. The fundamental disagreements that led to the tariff threats in the first place have not been resolved. Therefore, while the immediate pressure point has been alleviated, the chronic condition of trade uncertainty persists. The oil market is acutely aware that this extension could simply be a tactical move, buying time for political reasons without altering the fundamental trajectory of trade policy. If, at the end of the extended period, no agreement is reached and tariffs are indeed imposed, the negative impact on oil demand expectations would likely resurface with renewed force. The market is therefore likely to adopt a "wait and see" approach, with traders hesitant to make significant bullish bets based solely on a deadline postponement. Furthermore, the US-EU trade dynamic is just one piece of a larger global puzzle. The ongoing trade tensions with China, for instance, continue to be a major drag on global growth projections and, by extension, oil demand. Progress, or lack thereof, on that front often has a more substantial impact on oil prices than developments in the US-EU relationship, given the sheer scale of US-China trade and China's role as the world's largest oil importer. The slight rise in oil prices also needs to be seen in the context of other market-moving factors. Supply-side dynamics, such as OPEC+ production decisions, geopolitical events in major oil-producing regions like the Middle East, and fluctuations in US shale output, constantly interact with demand-side sentiment. A deadline extension on EU tariffs might provide a small boost, but it can be easily overshadowed by a surprise inventory build, an unexpected increase in OPEC production, or signs of weakening economic data from other major economies. In conclusion, the decision by the Trump administration to extend the tariff deadline on EU goods offered a moment of temporary relief to an oil market that has been under duress from trade war anxieties. This relief manifested as a marginal increase in oil prices, reflecting a slight reduction in immediate perceived risk to global economic activity and oil demand, particularly from Europe. However, this should not be mistaken for a fundamental shift in market sentiment or a resolution to the underlying trade disputes. The threat of tariffs remains, and the broader concerns about a global economic slowdown fueled by protectionist policies continue to loom large. The oil market's cautious reaction underscores the prevailing uncertainty, suggesting that while this extension provides a brief breathing space, the path ahead for oil prices will continue to be heavily influenced by the unpredictable currents of international trade policy.
TVC:USOIL
by bryandowningqln
WTI CRUDE OIL: Repeated rejections on the 1D MA50.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 46.483, MACD = -0.530, ADX = 16.270) as it is trading sideways for the past 2 weeks, unable however to cross above the 1D MA50, which along with the LH trendline, keep the trend bearish. Sell and aim for thr S1 level (TP = 56.00). Emerging Bearish Cross also on the 1D MACD. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
USOIL: Bulls Are Winning! Long! My dear friends, Today we will analyse USOIL together☺️ The market is at an inflection zone and price has now reached an area around 61.687 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 62.377.Stop-loss is recommended beyond the inflection zone. ❤️Sending you lots of Love and Hugs❤️
FX:USOILLong
by FreeXauusdSignals
Bullish bounce?USO/USD is falling towards the support level which is an overlap support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 60.39 Why we like it: There is an overlap support level that lines up with the 50% Fibonacci retracement. Stop loss: 57.93 Why we like it: There is a pullback support level that aligns with the 161.8% Fibonacci extension. Take profit: 64.42 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
Crude oil rebounds after encountering 60 support 📊Technical aspects Due to concerns that global supply growth may exceed demand growth, WTI prices fell slightly and rebounded slightly after hitting the 60 mark. From the daily chart level, the medium-term trend moving average system suppresses the rebound of oil prices, and the medium-term objective trend direction is downward. After the oil price hit the low of 55.20, the frequent alternation of long and short formed, and the embryonic form of the falling flag relay appeared from the shape. Pay attention to the strength of the oil price testing the upper edge of the flag. It is expected that after the medium-term trend fluctuates, it will still rise to the 64 position. The short-term (1H) trend of crude oil fell and touched the key support of 60, then rose slightly. The moving average system turned to divergent upward arrangement, and the short-term objective trend direction was upward. The MACD indicator fast and slow lines crossed the zero axis, and the bullish momentum was sufficient. It is expected that the trend of crude oil will continue to rise during the day, and the probability of breaking through the 63 resistance and moving upward is relatively high. 💰 Strategy Package Long Position: 60.5-61.5
TVC:USOILLong
by TheodoreGwc
1
Forecast of the market trend at the opening on Monday”Oil prices remained under pressure this week, experiencing a notable decline due to multiple factors. As of Friday's Asian morning session, Brent crude futures fell 37 cents to $64.07 per barrel, while U.S. WTI crude futures dropped 39 cents to $60.81 per barrel. Brent crude fell 2% for the week, while WTI declined 2.7%. Key Drivers of Oil Price Weakness Stronger U.S. Dollar The U.S. House of Representatives passed President Donald Trump’s tax-cut and fiscal spending bill, boosting the U.S. dollar index against a basket of currencies. As oil is dollar-denominated, a stronger dollar typically reduces purchasing power for non-USD buyers, suppressing oil prices. Supply-Demand Sensitivity and Market Sentiment The combination of dollar strength and expectations of OPEC+ production increases has intensified bearish sentiment in the oil market. While demand is gradually recovering, significant upward pressure on supply—including potential output hikes from OPEC+ and rising U.S. shale production—has created near-term volatility. Technical Outlook and Trading Strategy Short-Term Trend: Oil prices are likely to remain in a sideways-to-downward oscillation due to supply-demand imbalances. Key Levels: Resistance: $63.0–$63.5 per barrel (short-term overhead resistance). Support: $60.5–$60.0 per barrel (critical near-term support zone). Trading Approach: Consider rebound shorting as the primary strategy, with retracement buying as a secondary approach. Use rallies toward $63.0–$63.5 to initiate short positions, targeting support at $60.5–$60.0, with stop-losses above $64.0. Note: Monitor OPEC+ policy updates and U.S. inventory data for potential shifts in market sentiment. Volatility may rise ahead of key economic indicators.
TVC:USOILShort
by Ashbur
WTI OIL Might be close to the end of correction or finished it.there are definetly more than 1 posibilities in this one, 1 more down wave can occur and that is why i have a invalidation level. long term definetly buy but short and mid term is just not very clear, i am thinking it s time to buy. what i am going to do is keep track of it a bit more in short term and if it gives me good buying opportunity near the below i will enter the trade with a stop loss. and if it upbrakes possible impulse wave will occur and i will buy again to mid term target. so for now keep an eye on it and buy if the opportunity arise.
PEPPERSTONE:SPOTCRUDELong
by artisticDog29915
USOIL:First go short, then go long USOIL: There are still signs of a pullback on an hourly basis after oil prices climbed to near 63 after OPEC+ said there would be no immediate changes to current production policies. So the trading strategy :SELL@62.5-62.8 TP@61.6-61.3 After stepping back to the point can not break a wave of rebound, the target can look at 63 again ↓↓↓ More detailed strategies and trading will be notified here →→→ ↓↓↓ Keep updated, come to "get" →→→
TVC:USOILShort
by Boooob_
USOIL:Long at 61.3-61.5 Last week's long target has been completed, the current decline is mainly due to concerns that global supply growth may exceed demand growth, from the technical trend, the objective trend of the middle line downward, short term long and short frequently alternate, pay attention to the support point of 60.3-60.5 within the day. Considering that it has been around this point of shock and not broken, short - term trading to do more. So the trading strategy :BUY@61.3-61.5 TP@62.5-62.7 ↓↓↓ More detailed strategies and trading will be notified here →→→ ↓↓↓ Keep updated, come to "get" →→→
TVC:USOILLong
by Boooob_
In - depth: USOIL 1 - hr Chart - Significance of 60.00 Support In the USOIL 1 - hour chart, 60.00 acts as a strong support 💪. Support Validation The price twice failed to break 60.00 and rebounded 📈. Psychologically, investors see 60.00 as a key level 🔑. Approaching it, buy orders pour in as they think crude oil is undervalued 📉. Technically, it's on a support line from prior lows, and repeated tests have fortified its support 🛡️. ⚡️⚡️⚡️ USOil ⚡️⚡️⚡️ 🚀 Buy@ 60.00 - 60.60 🚀 TP 62.50 - 62.80 Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
TVC:USOILLong
by Sovereign_1
WTI Crude Oil INTRADAY consolidation capped at 6360Trend: The sentiment remains bearish, in line with the prevailing downward trend. Recent Movement: Price is currently in a sideways consolidation, suggesting indecision near short-term lows. Key Levels Resistance: 6360 – Key resistance and prior consolidation zone. Above that: 6440, then 6530 – Next upside targets if breakout occurs. Support: 6020 – Initial downside target. Below that: 5940, then 5820 – Deeper support levels if bearish momentum resumes. Trading Scenarios Bearish Continuation: A rally to 6360 followed by rejection could lead to a drop toward 6020, 5940, and 5820. Bullish Breakout: A daily close above 6360 would negate the bearish setup and open the path for a recovery toward 6440, then 6530. Conclusion WTI Crude Oil remains under bearish pressure, but is currently range-bound. A rejection at 6360 would confirm downside continuation. A breakout above that level would shift bias to bullish, targeting higher resistance zones. Watch 6360 as the key pivot. 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.
TRADENATION:WTI
by TradeNation
WTI Crude Oil Testing Make-or-Break Support ZoneWTI crude is grinding into a pivotal horizontal support near 6,020 after another sharp rejection near the 50-day SMA: Support at Risk: Price is pressing into the horizontal support zone formed by May’s lows (~6,020). A clean break below would shift momentum back decisively to the downside. Bearish Structure: Price remains well below both the 50- and 200-day SMAs, which are angled downward—consistent with a medium-term downtrend. Momentum Fading: MACD is negative and turning lower again, while RSI is stuck near 45 and showing no bullish divergence. Next Support: If support fails, next downside level is likely around the YTD low near 5,400. As it stands, bears remain in control unless bulls can defend this floor and drive a breakout back above the 50-day SMA. -MW
FOREXCOM:USOIL
by FOREXcom