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Bullish continuation?WTI Oil (XTI/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 73.41 1st Support: 70.19 1st Resistance: 77.67 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
1
WTI Crude Oil (USOIL) Technical Analysis: Bullish Reversal FacesOf course. Here is a detailed analysis of the provided financial chart for USOIL (WTI Crude Oil). ### Executive Summary This is a **weekly (1W) Heikin Ashi chart** for CFDs on WTI Crude Oil (USOIL). The chart displays a long-term view, with a prominent downtrend from a peak in 2022. However, there has been a very strong bullish reversal in the most recent weeks. The analysis points to a critical juncture where the price is testing a key long-term resistance level. The bullish momentum is strong, but it faces significant hurdles ahead. ### Detailed Breakdown #### 1. Asset and Chart Type * **Asset:** USOIL (WTI Crude Oil), traded as a Contract for Difference (CFD). * **Timeframe:** 1W (Weekly). Each candle represents one week of price action. This chart is used for analyzing long-term trends. * **Chart Type:** Heikin Ashi. Unlike standard candlesticks, Heikin Ashi candles are calculated using averages, which smooths out price action and makes trends easier to identify. Long green candles with no lower wicks indicate strong buying pressure, while long red candles with no upper wicks indicate strong selling pressure. #### 2. Current Price Action * The last visible candle is a **strong green Heikin Ashi candle**, indicating significant bullish momentum during that week. * The data for this candle shows: **Open 69.22, High 77.10, Low 69.22, Close 75.41**. This represents a gain of **+4.19%** for the week. * The price has bounced sharply from a recent low and is now in its third consecutive week of gains. #### 3. Key Technical Indicators **a) Fibonacci Retracement:** * This tool is drawn from a significant low (marked as 1 at **$68.01**) to a major high (marked as 0 at **$123.24**). It's used to identify potential support and resistance levels. * The price has been trading between the 0.618 and 1 levels for a prolonged period. * The recent low was found just below the `1` level ($68.01), indicating a potential double-bottom or failure to break lower. * The price has since reclaimed the `0.786` level ($79.83) and is currently trading around the **$75.41** mark. The next major resistance levels based on this tool are: * **0.786:** $79.83 * **0.618:** $89.11 * **0.5:** $95.63 **b) Moving Average (MA):** * A **50-period Moving Average (MA 50)** is present on the chart (the blue line), with a current value of **69.89**. * On a weekly chart, the 50-week MA is a critical long-term trend indicator. * The price has been consistently below the 50-week MA since late 2022, confirming the long-term bearish trend. * **Crucially, the current price is attempting to break above this moving average.** A sustained close above the 50-week MA would be a strong bullish signal. Conversely, if this level acts as resistance and the price is rejected, it could signal a continuation of the downtrend. **c) Relative Strength Index (RSI):** * The RSI (14) is shown at the bottom. The purple line (RSI) is currently at **63.33** and its moving average (yellow line) is at **41.95**. * The RSI is pointing upwards and has decisively crossed above its moving average, indicating **building bullish momentum**. * It is not yet in the "overbought" territory (typically above 70), which suggests there could be more room for the price to move higher before becoming extended. **d) Fibonacci Time Zones:** * The vertical blue lines numbered 0, 1, 2, 3, 5, 8 are Fibonacci Time Zones. They are used to forecast potential turning points in the market based on time intervals. * The recent major low occurred very close to the "8" time zone marker, which may have contributed to the timing of this reversal. ### Synthesis and Potential Scenarios * **Bullish Scenario:** The combination of strong green Heikin Ashi candles, a rising RSI, and a bounce from a key long-term low points to strong short-term bullish momentum. If the price can decisively break and hold above the **50-week MA (around $70)** and the **Fibonacci 0.786 level ($79.83)**, the next major target would be the **0.618 level at $89.11**. * **Bearish Scenario:** The long-term trend remains bearish as long as the price is below the 50-week MA. This level, combined with the psychological resistance at $80, could prove to be a formidable barrier. If the price fails to break through, it could be rejected back down to test recent lows around the **$68.00** area. In conclusion, the chart shows a classic battle between short-term bullish momentum and a long-term bearish trend. The price's interaction with the **50-week moving average** in the coming weeks will be critical in determining the next major directional move for WTI Crude Oil.
TVC:USOILLong
by Lantos
U-oyela Ongahluziwe Nenkunzi.Considering the current countries in conflict - FX:USOIL is in the middle of it. This will lead in a high demand but low supply of the commodity resulting in a soaring bullish move, fundamentally. Technically, the commodity has created a LL in the current year, tapping lows last touched since 2021 and has further recovered from last years close of 71.899. FX:USOIL reaching highs of $110.00 is therefore likely. ***The best way to take advantage of this commodity or any other is to cherry pick stocks that are sensitive to it e.g. JSE:SOL is sensitive to FX:USOIL .***
FX:USOILEducation
by Dlamini_SS
OILThe proposed closure of the Strait of Hormuz by Iran's parliament is a significant development because the strait is a vital global energy artery, handling a substantial portion of the world's oil and gas. If closed, it would disrupt global energy supplies, potentially leading to a surge in oil prices and impacting international trade. While the plan is not yet finalized, the mere possibility of such action introduces significant geopolitical risk and could have far-reaching economic consequences.
TVC:USOIL
by Dbnite-wp2022
2
Bullish momentum to extend?WTI Oil (XTI/USD) has bounced off the pivot and could potentially rise to the 1st resistance. Pivot: 73.40 1st Support: 71.46 1st Resistance: 76.64 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
USOIL may saturated and is about to swing downUSOIL may reach a saturation point and is likely to swing down, at least in the Short Term. Technically, the price has tested the upper boundary of the descending channel near the key psychological resistance at $75 per barrel but failed to close above it, despite a brief breakout. This reflects the strength of the 75 resistance zone. Moreover, the RSI entered the overbought zone, and Bearish Divergence between price and RSI occured, which further increases the probability of a correction. Therefore, at this stage, crude oil prices potentially pull back to the $70 level before determining the next directional move. From a fundamental perspective, the recent surge in oil prices has been primarily driven by geopolitical tensions in the Middle East. However, historically, the situation tends to cause only short-lived spikes in oil prices. Sustainable gains in oil prices require real demand support. Although the conflict persists, markets are less reactive, likely due to the absence of supply chain disruptions or transport route closures. Additionally, the US decision to hold the strike and increase diplomat time has given investors time to adjust their portfolios, potentially for profit-taking from previously accumulated long positions. As a result, oil prices may pull back during this period. Now, considering the long-term factors, there are several reasons why oil prices are unlikely to rise significantly beyond The current levels: Oversupply: Global crude oil production has been increasing, particularly from non-OPEC+ countries such as the United States, Canada, and Brazil. At the same time, OPEC+ members have been gradually raising their output as well, resulting in a market where supply exceeds demand. Sluggish Demand Growth: Oil demand is growing slowly due to a lackluster global economic outlook, the rising adoption of electric vehicles, and ongoing efforts to reduce fossil fuel consumption. Additionally, increasing risks such as new taxation and geopolitical tensions have led to investment slowdowns in certain regions. Rising Inventories: Global oil stockpiles have been steadily increasing, exerting downward pressure on prices. Major entities have released their West Texas Intermediate (WTI) crude oil price forecasts for 2025 and 2026. J.P. Morgan projects prices at $66 per barrel for 2025 and $58 for 2026. The U.S. Energy Information Administration (EIA) offers a slightly different outlook, forecasting $62 per barrel in 2025 and $59 in 2026. Meanwhile, Trading Economics anticipates a price of $63.28 by the end of Q2 2025, rising to $65.70 in 2026. Analysis by: Krisada Yoonaisil, Financial Markets Strategist at Exness
TVC:USOILShort
by KrisadaYoonaisil
USOIL FUNDAMENTALS AND TECHNICALS USOIL (WTI Crude) is currently trading near the 72.00 level and is setting up for a potential breakout from a long-standing descending channel on the higher time frame (3D chart). Price has approached the upper boundary of this bearish channel after a strong bullish rally in recent sessions. This indicates growing bullish momentum, and any sustained breakout above the descending trendline could open the path toward the 98.00 zone, a major structural target based on previous price action and Fibonacci projections. The recent bullish surge in crude oil prices has been fueled by a combination of supply-side constraints and renewed optimism around global demand. OPEC+ continues to show discipline in supply management, and geopolitical tensions in oil-producing regions are adding risk premiums. Furthermore, the Fed’s recent signals of a potential pause in tightening, combined with an improving outlook for Chinese demand recovery, are creating a supportive environment for commodities, particularly oil. These fundamental tailwinds align with the technical structure hinting at an upside breakout. Technically, USOIL has broken back above a critical mid-channel support level and is now challenging the descending resistance line. The most recent impulsive candles suggest strong buyer conviction. If this momentum holds, we could see a retest followed by continuation toward the 98.00 psychological level. The structure also supports a higher low formation, which is another bullish signal for long-term traders watching the macro channel breakout. From a trading standpoint, this setup is high probability with a well-defined invalidation zone below 65.00. The confluence of macro catalysts, technical breakout formation, and seasonal demand trends makes this a compelling bullish opportunity. I am closely monitoring price action for confirmation to go long on the breakout and ride the potential wave toward the upper supply region near 98.00. U
TVC:USOILLong
by AndrewsMarket-Mastery
6
WTI above $75 on fears of US involvement in Israel-Iran conflictThe Israel-Iran situation is quite different this time and with Trump announcing that *we* now have full control over Iranian skies, suggesting the US is entering the fray – hardly a surprise to be honest - this is not going to end well. The conflict may get far worse in the short-term, and this will send shockwaves through the oil markets – especially if there are disruptions in the Strait of Hurmuz. Oil prices could easily spike to $100 and higher in the worst-case scenario. So, the situation is quite serious, unfortunately. Let's hope that it quickly de-escalates and lives are not lost. But make no mistake, this could get really big - especially with headlines like these coming out in the last few minutes: *US OFFICIALS SAY TRUMP 'SERIOUSLY CONSIDERING' STRIKE ON IRAN: AXIOS; *TRUMP TO MAKE POLICY DECISION ON ISRAEL-IRAN: AXIOS *IRAN WILL SOON LAUNCH 'PUNITIVE' OPERATION AGAINST ISRAEL: IRNA The picture is looking quite grim, unfortunately. by Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:USOIL
by FOREXcom
OIL: THE CHART THAT COULD TIP THE WORLDWTI Crude just bounced hard off the $65 channel support, tagging resistance at $76 — and what happens next isn’t just about price. It’s about power. Zoom into this chart: We're sitting at a directional pivot with two possible outcomes: 1️⃣ If this was a truncated 5th wave, the structure is complete. Any further war escalation could be the catalyst for oil to break resistance — dragging down risk assets, including CRYPTOCAP:BTC and equities. 2️⃣ If wave 5 isn’t done, we’ll likely see one more sharp leg down before oil launches. Either way, this is a high-stakes Elliott Wave setup with global macro consequences. Chart with FIB Levels: You'll see the wave I’ve marked (3) is messy, and on lower timeframes, that may hint at a truncated move worth watching. Why this matters: Over 20% of global oil flows through the Strait of Hormuz, a critical chokepoint controlled by Iran. If conflict escalates, that line gets squeezed… and oil price explodes. Price to watch: $76 resistance. If oil breaks, the markets will react fast. If it fails, we might get one more correction and maybe some relief from the sideways pain we’ve seen across risk assets. Remember the COVID Crash? Oil literally went below zero in April 2020. That wasn't just a chart anomaly, it was a global demand collapse. Traders were paying to get rid of oil because there was nowhere to store it. That moment marked a generational low, and what followed was a powerful multi-year 5 wave up. Now look where we are: That same COVID low helped form the base of the current Elliott Wave structure. The fact we’re back testing levels that once sparked global panic is no coincidence. If you’ve been here before, you’ll see the signs. The charts always leave traces. And if this is the end of wave 5, it could be the start of a whole new macro move. TLDR: Stop trading headlines. Trade the structure. This chart is telling us everything.
CAPITALCOM:OIL_CRUDE
by LisaNEdwards
USoilLatest news. If the Strait of Hormuz is closed, the restrictions on the import and export of oil and natural gas will increase greatly. Because 20% of the world's oil and natural gas exports come from the Strait of Hormuz. So the trend of geopolitics will affect the closing and opening of this important checkpoint. If the increase in geopolitics really reaches this point, the price of oil may rise to 90$-100$. This is an excellent trading opportunity for investors who like to trade oil. But at present, this is an option for Iran to negotiate. Rather than a real closure, after all, the incident has not developed to this situation. If you like to trade oil. You can also follow me. Get brand new trading opportunities and make profits. Do not trade independently to avoid losses.
TVC:USOILLong
by Ludvig_Band_King
Today's crude oil trading strategy, I hope it will be helpful to Crude Oil Trend Analysis (1) Geopolitics: Tensions Propel Oil Price Expectations The Middle East has long been a "powder keg" for the crude oil market, and recent developments have intensified tensions. Military conflicts between Iran and Israel continue to escalate—Iran’s latest attacks injured approximately 50 people in Israel. Controlling the Strait of Hormuz, through which 30% of global seaborne crude oil passes, Iran’s strategic position is pivotal. After the conflict escalated, Iran threatened to block the strait, instantly igniting international oil prices. Brent crude surged to around $79 per barrel. As long as the conflict persists, market fears of crude supply disruptions—like an invisible hand—will continue to underpin price gains. (2) Supply Side: Interplay of Production Increases and Geopolitical Risks OPEC+ previously announced plans to increase production by 411,000 barrels per day, but actual output growth has fallen short of market expectations. With current Middle East tensions, the feasibility of this plan remains uncertain. If Iran’s crude production and exports are constrained by the conflict, global supply could tighten. In the U.S., shale oil production remains unstable, affected by technical, cost, and policy factors. Thus, the supply side is fraught with uncertainty: production increase expectations may exert downward pressure on prices, while geopolitical risks could tighten supply outlooks and push prices higher. (3) Demand Side: Battle Between Seasonality and Economic Prospects From a seasonal perspective, the northern hemisphere’s summer travel peak has boosted demand for petroleum products like gasoline and jet fuel. Data from the U.S. Energy Information Administration (EIA) shows U.S. crude oil inventories have declined for several consecutive weeks, indicating rising market demand. However, the global economic environment remains bleak: trade protectionism, tariff policies, and other factors have slowed global growth, constraining crude demand. Major economies like China and Europe have failed to meet oil demand projections. Thus, the demand side is torn: seasonal factors provide support, but economic headwinds act as a drag. Today's crude oil trading strategy, I hope it will be helpful to you USOIL BUY@72.5~73 SL:71.5 TP:74~75
TVC:USOILLong
by David_Wilson1
OIL 2 Best Places For Buy Very Clear , Don`t Miss This 1000 PipsHere is my opinion on oil , we have a very aggressive movement to upside and this is normal right now , i`m looking to buy this Pair if the price go back to retest my support and this will be the best place to buy it for me , and if the price moved directly without retest it i will wait the price to break the other res and then i can enter a buy trade and targeting the highest level the price touch it , also if the price go back to retest my support and go up and closed above the other res i will add one more entry with the same target.
TVC:USOILLong
by FX_Elite_Club
15
Crude Oil Strategy LayoutThe rise in oil prices on Monday will not only push up household daily expenses such as fuel and heating costs, but also increase corporate operating costs, which may in turn suppress consumption and investment activities. Ellen Zentner, Chief Economic Strategist at Morgan Stanley, pointed out in a Sunday analysis that against the backdrop of the Trump administration's high tariff policies, the U.S. economy was already facing pressure from a slowdown in growth, and the further increase in oil prices would exert "powerful pressure" on household consumption capacity. This may not only weaken consumers' willingness to purchase, but also drag down the pace of overall economic growth. Crude oil showed a gap-up and then decline trend today, falling sharply from around $77.7. Oil prices gradually corrected today, with the lowest point touching around $72.5 and hovering there. Currently, oil prices are hovering above the support level of 72.0, which is expected to be the bottom support of the box movement. Taken together, crude oil is in a high-range consolidation. In terms of operation, it is considered to lay out long positions on pullbacks. you are currently struggling with losses，or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results. Trading Strategy: buy@72.0-72.5 TP:75.0-75.5
FX:USOILLong
by MyronWilson
USOIL Bullish breakout from symmetrical triangle pattern🚨 USOIL Breakout Alert! 🚨 1H Time Frame | Symmetrical Triangle Breakout Crude oil (USOIL) has broken out bullishly from a symmetrical triangle pattern — confirming strong upward momentum. 📈 🎯 Entry Level: 74.20 📍 Technical Targets: 1st Resistance: 75.70 2nd Resistance: 76.80 This setup signals a potential continuation of bullish momentum. Keep an eye on volume confirmation and price action near resistance levels. 💬 Drop your thoughts in the comments! 📲 Like, follow, and join us for more real-time market insights. Trade smart , – Livia 😜
FOREXCOM:USOILLong
by LIVIATRACK
The situation escalates? Crude oil gains remain stable 💡Message Strategy The daily chart of WTI crude oil shows a 30% increase from late May to mid-June, with prices stagnating below resistance near $76. The Commodity Channel Index (CCI) has been overbought since late May and is now approaching a potential buy signal below 100. Volatility peaked on June 14 and has since fallen back, suggesting that oil prices could see a correction if tensions in the Middle East do not escalate further. But now that the United States is out of the game and the situation could escalate at any time, crude oil is still in a bullish market. 📊Technical aspects From the daily chart level, crude oil prices have broken through the upper resistance of the range in the medium term and tested a new high of 75.00. The moving average system is in a bullish arrangement, and the medium-term objective trend is upward. The current trend is in the upward rhythm of the main trend. The MACD indicator fast and slow lines overlap with the bullish column above the zero axis, indicating that the bullish momentum is currently full, and it is expected that the medium-term trend is expected to usher in a wave of rising rhythm. The short-term (1H) trend of crude oil fluctuated and then broke through upward, and the oil price tested a new high near 78.40. The moving average system gradually opened upward, and the short-term objective trend direction was upward. In terms of momentum, the MACD indicator fast and slow lines opened upward near the zero axis, and the bullish momentum was dominant. It is expected that the trend of crude oil will maintain a high level of fluctuation upward. 💰Strategy Package Long Position:74.50-75.50，SL：73.50 Short-term target is around 77.00-78.00
TVC:USOILLong
by TheodoreSilas
US oil Oil prices could rise due to high geopolitical uncertainties Prices Poised to Rise Amid Heightened Geopolitical Tensions Oil prices have remained steady in recent days, driven by the anticipation of potential diplomatic resolutions between Iran and Israel. However, with diplomacy now off the table and news emerging of a U.S. strike on Iran, the market is reacting swiftly. Given the current geopolitical climate, it’s normal to expect a surge in oil prices. However, traders should be aware that oil is highly volatile—it tends to spike rapidly but often struggles to maintain upward momentum. While a price increase is likely, as illustrated in the attached chart, the level of risk remains elevated. Please exercise caution when trading under these conditions. More details are provided in the chart. Thank you, and good luck!
TVC:USOILLong
by m4yaseen
$OIL - Strait of Hormuz closure = $120 a Barrel. MARKETSCOM:OIL - Strait of Hormuz closure = $120 a Barrel. 🛢️ ~20% of global oil passes through the Strait of Hormuz. (near Iran) → That’s over 17 million barrels per day (2023 data). If Strait of Hormuz get closed or war escalates in this area, I'm expecting MARKETSCOM:OIL to sky-rocket to $120 a barrel. Weekly Break-out + Hammer candle confirmed. ✅ What's your prediction? Will the war escalate and create global oil disruption?
TVC:USOILLong
by CryptoBoj
Strait of Hormuz risk priced in—or not yet?Iran has repeatedly threatened to block the Strait of Hormuz during periods of heightened tension with the U.S., notably in 2011, 2018, and 2020. The Strait is considered the world’s most critical oil chokepoint, with nearly 20 million barrels passing through daily. Several banks warn that a full closure could push crude prices above $120–$150 per barrel, or higher if the disruption is prolonged. Still, most analysts view a complete shutdown as unlikely, since Iran also depends on the Strait to export its own oil. Technically, recent WTI candles suggest that the risk premium may be fading. Price action near $74 shows hesitation, raising the risk of a developing double top—particularly if support at $70 fails. Unless tensions escalate materially, such as the U.S. becoming more directly involved, WTI may consolidate between $70–$74.
BLACKBULL:WTI
by BlackBull_Markets
2