Could the price bounce from here?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 68.47
1st Support: 66.88
1st Resistance: 70.38
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WTI trade ideas
CRUDE OIL Will Go Up After Pullback! Buy!
Hello,Traders!
CRUDE OIL is trading in a
Local uptrend and the price
Made a strong bullish breakout
Of the key horizontal level
Of 68.40$ so after a pullback
And a retest of the new support
We will be expecting a further
Bullish move up
Buy!
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USOIL To Retest $70.5I'm watching TVC:USOIL for a strong push towards at least the $70.5 level, though this area presents significant resistance.
A confirmed break of the bearish trend could fuel strong buying momentum, but patience is key.
Ideally, I’d like to see a solid rejection off the $68.5 level as confirmation before a move higher.
If we get a decisive breakout above $70.5 with sustained bullish momentum, my next target would be the major resistance around $75.
OIL Today's strategyIn the medium term, because the lower edge of the channel has been broken, the short force is relatively dominant, and crude oil may face certain downward pressure.
However, today's crude oil prices are affected by tightening expectations on the supply side, geopolitics and other factors, and the short-term trend is strong, and there is a certain upward momentum on the technical side. Investors need to pay close attention to the breakout of key support and resistance levels.
OIL Today's strategy
buy@67.5-68
tp:69-69.5
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Bullish rise?USO/USD has reacted off the support level which is a pullback support and could potentially rise from this level to our take profit.
Entry: 68.43
Why we like it:
There is a pullback support level.
Stop loss: 67.07
Why we like it:
There is a pullback support level.
Take profit: 70.43
Why we like it:
There is an overlap resistance level that line sup with the 161.8% Fibonacci extension.
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USOil:Wait for rebound to shortThe market movement on Friday was not significant. The intraday high was reached at the opening in the morning, hitting a peak of $68.65, while the low was at $67.65. The maximum intraday fluctuation was just $1, and the price trend showed a shallow V - shape. Considering that Trump is bound to end the Russia - Ukraine conflict over the weekend, crude oil will likely remain bearish in the short term. Therefore, today's market is generally expected to rise first and then decline under pressure again.
USOIL Trading Strategy:
Sell@68.5-69
TP:67-66
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USOIL Trading Strategy: Secrets to Consistent ProfitsThe situation in the crude oil market has been complex recently.
On the supply side, it is affected by the uncertainty of the OPEC+ production increase plan, the recovery of U.S. shale oil production, and the potential supply risks in Iran.
On the demand side, due to the weak momentum of global economic recovery and trade disputes, demand has been suppressed. However, the rising market expectations of the Federal Reserve's interest rate cut may boost crude oil demand if the loose monetary policy is implemented.
In terms of inventory, although U.S. crude oil inventories have decreased slightly recently, there is still pressure for inventory accumulation, and the decline in the geopolitical risk premium has weakened the support for oil prices.
In the short - term, the crude oil price was blocked and retraced at the upper edge of the trading range. Eventually, it rebounded and recovered, yet failed to break through to a new high. The bullish and bearish forces are locked in a stalemate. Objectively, the short - term trend direction remains unclear, while subjectively, it is biased upward. It is expected that crude oil will break through the resistance at the upper edge of the range and continue to rise today, though with limited upside potential.
USOIL Trading Strategy
sell@68.5-69
tp:67-66.5
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XTIUSD Price ActionHello traders!
As you can see, I've highlighted two valid Supply and Demand zones on the chart. Notice that the previous trendline liquidity has already been swept, and the market grabbed liquidity at the top before forming the supply zone.
This presents a good opportunity to enter a trade targeting the next valid demand zone below. Remember, always pay close attention to risk management—protect your balance first, then aim for profits. If you can manage risk effectively, you'll thrive in the market.
Wishing you all successful trades—happy trading!
Crude Oil Week AheadFrom a weekly time frame perspective, oil prices have continued to respect the boundaries of a declining channel since the 2022 highs, reaching three-year lows in 2025, in alignment with the long-standing support zone between $64 and $66 that has held since 2021.
After recently rebounding from the $65 level, a decisive close below $63.80 would confirm further downside potential, opening the way toward key support levels at $60, $55, and, in more extreme scenarios, $49.
If the support zone holds, resistance levels within the declining channel may come into play at $70.80, $72.60, $74.30, and $76. A breakout above the channel’s upper boundary and a sustained hold above $78 could shift the outlook to bullish, with potential resistance at $80, $84, $89, and the $93–$95 range.
Despite a complex mix of OPEC quotas, U.S. policy shifts, Chinese economic dynamics, global growth uncertainty, renewable energy demand, and escalating geopolitical tensions, oil remains bearish and range-bound—awaiting a decisive breakout.
Written by Razan Hilal, CMT
USOIL Today's analysisUSOIL is at 68.335. Technically, I'm bearish short - term.
The strong resistance at 69.000 has repeatedly blocked upward moves. Heavy selling occurs near this level, making it a firm price cap.
There are two key supports. 67.000 has halted drops before. If breached, 66.30, a crucial level from past down - trends, comes into play.
With the price below 69.000, facing downward pressure and bearish sentiment, USOIL may decline soon. There's no strong bullish factor to push it higher. The downward - sloping momentum and proximity to supports suggest a downward path. Traders should be cautious and might consider short - term short positions, with risk control, as the price may test 67.000 first, then 66.300 if the bearish trend persists.
💎💎💎 USOIL 💎💎💎
🎁 Sell@68.500 - 69.000
🎁 TP 67.000 - 66.300
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Intraday Short IdeaIm looking to short Oil from $68.70 - $69.0.
Short stops from ($68.65) pivot, and buy stop from breakout traders will be resting here, plus SMC Traders sell limit orders, on this basis I think this will provide nice liquidity to cement our move to the downside, back into the range.
The market at the moment is unsure of clear direction with, strong Macro and Geopolitics from the long and short side, we are not moving higher without clear conviction, mainly waiting on incoming OPEC decisions on whether they will continue supply cuts.