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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
Crude Oil Gets Trapped Back Inside 3-Year Down trending ChannelAfter failing to close above the upper border and the 78 resistance level, and amid renewed hopes for a Middle East ceasefire, oil prices dropped sharply back toward the neckline of the inverted head and shoulders formation—initially broken ahead of the recent war escalation—at 64.70. A sustained move below that neckline could target crude prices toward the mid-zone of the established channel, near 63.40 and 61.40, where another rebound may take shape. On the upside, if a clear recovery re-emerges above the 72-mark, the potential for a breakout above the 78-resistance could return, opening the door to revisit the 80 and 83.50 highs. — Razan Hilal, CMT
FOREXCOM:USOIL
by FOREXcom
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
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
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
WTI Oil: further downside?Front page news this morning focussed on the ceasefire between Israel and Iran, first announced by US President Donald Trump on his Truth Social platform. However, reports recently emerged of Iran firing missiles, seemingly violating the ceasefire, but no confirmation has been received yet. The point is that things remain somewhat uncertain as of writing. The technical front, nevertheless, is interesting on WTI Oil (West Texas Intermediate), and ultimately points to a moderate pullback before heading lower. Monthly descending triangle in play The flow on the monthly chart reveals that price action completed a descending triangle in April this year, formed between US$95.00 and US$64.41. Following the breach of the lower boundary and refreshing year-to-date (YTD) lows of US$55.15, a determined pullback materialised and resulted in the unit testing the upper barrier of the pattern. As you can see, the test has held for now, with June poised to end the month considerably off its best levels. Given that price has aggressively rejected the upper boundary of the triangle formation, and if we see WTI push to fresh YTD lows, this would unearth a possible bearish scenario in the direction of support from US$42.57. Daily Fibonacci resistance Across the page on the daily chart, you will note that recent flow touched gloves with support at US$64.55, a level complemented by a 1.272% Fibonacci projection ratio at US$64.76, a trendline support (extended from the low of US$55.40), and a neighbouring 61.8% Fibonacci retracement level at US$63.70. Given that the 1.272% Fibonacci projection ratio also represents an ‘alternate’ AB=CD support pattern, traders that are long from US$64.55 may aim for the 38.2% and 61.8% Fibonacci retracement ratios of US$69.53 and US$72.59. Consequently, both of these lines serve as potential resistance levels to watch. H1 confluence With monthly price suggesting further selling, and daily resistance on the table, the H1 chart shines the spotlight on two levels of resistance at US$68.35 and US$70.14. However, I am more drawn to the latter level as a potential resistance. This is because it converges closely with the 38.2% Fibonacci retracement ratio on the daily timeframe mentioned above at US$69.53, as well as a nearby 1.618% Fibonacci projection ratio on the H1 chart at US$69.13. As a result, my focus will be on H1 resistance between US$70.14 and US$69.13. Written by FP Markets Chief Market Analyst Aaron Hill
TVC:USOILShort
by FPMarkets
Is the oil market signalling de-escalation?After an initial 6% spike at the open, U.S. crude oil futures reversed sharply—falling into negative territory—as markets priced in the possibility that Iran's latest retaliation may be more symbolic than escalatory. According to President Donald Trump, Iran gave advance notice before launching missiles at a U.S. base in Qatar, allowing defences to intercept the attack and resulting in no reported casualties. While Tehran publicly described the strike as “devastating and powerful,” the lack of impact on the ground and the pre-warning have fuelled speculation that Iran was aiming to save face without triggering a broader conflict. The swift reversal in oil prices reflects that sentiment. For now, the market appears to be signaling that escalation may pause here.
BLACKBULL:WTI
by BlackBull_Markets
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
Crude Oil Eyes 3-Year Channel BreakoutCrude Oil trades between Israel-Iran-Conflict supply risks, overbought momentum, and the potential for a 3-year channel breakout. While upside risks from a possible Strait of Hormuz closure remain uncertain, a firm hold above $78 could extend gains toward $80 and $83.50, keeping oil on a bullish edge for H2 2025. A pullback into the channel may ease inflation concerns and reassert bearish pressure below the $80 mark. Key support lies at $72 for a potential downside resumption. - Razan Hilal, CMT
FOREXCOM:USOIL
by FOREXcom
USOIL Is Very Bullish! Long! Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 73.546. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 79.365 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. 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
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