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USOIL Is Going Up! 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 57.535. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 61.620 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
2
Oil is Doomed: Time to SELL (Part 2/3)Drill, Baby, Drill & Trump’s Oil Pressure 🇺🇸 Trump’s Oil Agenda Trump wants cheap oil to bring down inflation and interest rates. His rallying cry? *“Drill, baby, drill.”* That means: more drilling, more refining, more pipelines → more US oil flooding the global market. 💼 MAGA & Low Oil Prices Trump believes cheap oil = strong economy . He also wants to pressure OPEC and Saudi Arabia to cut prices as a way to end the Russia-Ukraine war. Flashback: In 2020, oil went negative ($-40!) when Saudi and Russia ramped production. History may rhyme again. ⚠️ Demand Problems OPEC, IEA, EIA, Rystad — all lowering demand forecasts for 2025. Even the most optimistic see demand growth at 1.2 million bpd , down from 1.85. And that’s before green energy kicks in harder: 🔋 Solar & wind are now cheaper in 96% of the world. 🌍 Renewables are eating into fossil fuel demand.
BLACKBULL:WTIShort
by KenJi_Indicator_2
Market Analysis: WTI Crude Oil TumblesMarket Analysis: WTI Crude Oil Tumbles WTI Crude oil is down over 10% and remains at risk of more losses. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI Crude oil prices extended downsides below the $60.00 support zone. - A major bearish trend line is forming with resistance near $57.25 on the hourly chart of XTI/USD at FXOpen. WTI Crude Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to continue higher above $60.00 against the US Dollar. The price formed a short-term top and started a fresh decline below $58.00. There was a steady decline below the $57.75 pivot level. The bears even pushed the price below $56.20 and the 50-hour simple moving average. Finally, the price tested the $55.00 zone. The recent swing low was formed near $55.01, and the price is now consolidating losses. There was a minor move above the $55.50 level. On the upside, immediate resistance is near the $56.10 level and the 23.6% Fib retracement level of the downward move from the $59.49 swing high to the $55.01 low. The next resistance is near the $57.25 level. There is also a major bearish trend line forming with resistance near $57.25. The trend line is near the 50% Fib retracement level of the downward move from the $59.49 swing high to the $55.01 low. The main resistance is near a trend line at $57.75. A clear move above the $57.75 zone could send the price toward $59.45. The next key resistance is near $62.25. If the price climbs further higher, it could face resistance near $63.20. Any more gains might send the price toward the $65.00 level. Immediate support is near the $55.00 level. The next major support on the WTI crude oil chart is near $53.00. If there is a downside break, the price might decline toward $52.00. Any more losses may perhaps open the doors for a move toward the $50.00 support zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
1
Hellena | Oil (4H): SHORT to support area of 55.204.Colleagues, I believe that the price will continue its downward movement. At the moment we are observing a combined correction. I expect the completion of wave “Y”. Even if it is already completed, the price is still waiting for a downward correction to the support area of 55.204. Therefore, I think that 55.204 is the 1st minimum target. There are two possible ways to enter the position: 1) Market entry 2) Pending Limit orders. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
22
WTI Oil H4 | Rising into a swing-high resistanceWTI oil (USOIL) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 59.71 which is a swing-high resistance that aligns close to the 50.0% Fibonacci retracement. Stop loss is at 62.30 which is a level that sits above an overlap resistance. Take profit is at 55.10 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 (tradu.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 (tradu.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 Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:USOILShort
by Tradu
USOIL is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
OANDA:WTICOUSDShort
by thegoldenbear
Oil on high time frame "Regarding WTI oil, the price trend on high time frames is bearish, especially on the daily chart. After completing its pullback on the 4-hour chart, there are indications of further downside potential. The market's volatility may be influenced by geopolitical tensions and political factors between Iran and the USA, as well as tariff issues. Despite these fluctuations, candle formations suggest the potential for prices to drop towards the $58 zone." If you require more assistance or have any specific questions, feel free to ask!
OANDA:WTICOUSDShort
by somayehbasiri
A Preliminary Double Bottom Support Pattern May Be FormingCurrently, factors such as geopolitics, OPEC+ policies, and the trend of the US dollar all have a two-sided impact on USOIL. Only the technical aspect reveals directional signals. This week, the crude oil price rebounded rapidly after hitting a low of $56. It has formed the embryonic form of a double bottom with the previous low point, and this pattern may become a turning point in the market trend. According to the theory we proposed earlier, "A deep correction breeds a strong rebound," the price of $56 has become a key support level. If the oil price stabilizes at this level next week, the double bottom pattern is expected to be confirmed, which will in turn trigger a technical rebound. Conversely, once this key level is effectively broken, it is likely to trigger a concentrated sell-off of stop-loss orders, intensifying the downward pressure on the price. I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
TVC:USOIL
by H_C_12
WTI TRADE IDEAhello everyone From the previous oil movement, the entry at 58.52 moved up by 80 pips before hitting breakeven. For the upcoming open market, if the trendline and support or resistance break out as shown on the M30 chart, it could signal an opportunity to enter the market. Ensure strong confirmation before acting, and keep an eye on shifts in market structure. Thanks a lot for your support & best of luck **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
TVC:USOIL
by mytw0cents
Triangle in oil, OPEC+ decision = gap down on Monday? 🛢️☕ #OilNotCoffee | 📐 #TECHANALYSIS 📉 Oil appears to have formed a triangle in wave 4 and is poised for a major gap down on Monday, driven by OPEC+’s decision to accelerate production increases beyond initial plans. Position: ▫️ Entered the weekend with short positions near peak exposure. ▫️ Critical level marked by the 100% red line. ▫️ Scenario suggests WTI prices won’t drop below $50 immediately—wave completion within the highlighted range may lead to an extended sideways phase. Strategy Status: ▫️ This scenario has been executed successfully for an extended period. ⚠️ Disclaimer: Our analysis is food for thought 💡, not trading signals 🚫📊. Trade with cold-headed calculation ❄️, your own plan 📝, and independent analysis 👁️🗨️. 💬 Your Forecast? 🔄 Comment below ➡️: How do you assess the risks and opportunities? 🎯
TVC:USOIL
by Fomenka
1
Analysis and Layout of Crude Oil at the Opening of the MarketThe international crude oil market has experienced intense fluctuations. Both Brent crude oil and West Texas Intermediate (WTI) crude oil have recorded significant declines, dropping by 8.31% and 7.58% respectively. The expectations of OPEC+ production increase, the trade concerns triggered by Trump, and the market's risk aversion sentiment due to the global economic slowdown have become the key factors dominating the trend of oil prices. The crude oil has corrected and broken below the support line, and there is a high probability that the bearish trend will enter a further acceleration stage. After the initial rise followed by a fall, the demarcation line between the bulls and the bears is around 59.4. If it comes under pressure again, it will indicate the continuation of the future trend. The moving average system is in a bearish arrangement, and it is suppressed by the 30-day moving average. Objectively, the short-term trend direction remains downward. Next week, consider taking short positions around 59.4 and expect further decline.
TVC:USOILShort
by HilaryBloomer
Crude Oil Macro Setup Structural Bottoming cascadeWTI Crude Oil has completed a prolonged complex correction from its historical high of $146.68, forming a structurally mature accumulation base between the $33.06–$42.80 demand zone. This zone aligns with multi-year support and marks the potential terminal point of a corrective macro structure positioning the asset for a major impulsive phase within either Wave 3 or Wave 5 of the broader cycle. Recent price behavior near $33.06 reflects a critical inflection, signaling strong institutional absorption and suggesting exhaustion of the long-term bearish momentum. The projected bullish scenario envisions a reversal targeting $114.63 as the primary technical pivot, corresponding with significant resistance and the neckline of the long-term structural setup. A confirmed breakout above this level would unlock higher targets toward $129.23 and potentially a full retracement to the $146.68 high, contingent on macroeconomic alignment. Fundamentally, this scenario is underpinned by key catalysts including OPEC+ production adjustments, U.S. inventory dynamics, geopolitical instability across major oil-exporting nations, and global macro data such as GDP trends, inflation prints, and energy demand forecasts. These elements are poised to fuel volatility but also support a sustained recovery phase, provided demand fundamentals remain intact.
TVC:USOILLong
by weslad
Analysis of the Market Trend for Next WeekThe price of crude oil futures declined on Friday, falling by approximately 1% during the session, giving back the gains brought about by a brief technical rebound. Bearish demand signals continued to dominate traders' sentiment. The price of crude oil is likely to drop by more than 7% this week, which reflects the growing concerns in the market about the weakening of global demand. Traders remain cautious ahead of the crucial OPEC+ meeting scheduled for May 5th. It is expected that some member states will push for an acceleration of production increases before June. There are reports that Saudi Arabia has hinted that it has no intention of supporting oil prices through a new round of production cuts, which has further intensified the downward pressure on oil prices. In terms of demand, the market remains skeptical about potential trade negotiations. The Ministry of Commerce of China stated that it is evaluating the proposal put forward by the United States to resume tariff negotiations. Analysts said that the trade environment remains unstable and fraught with uncertainties. Crude oil showed a trend of rising first and then falling today. At the same time, the oil price correction broke below the support line, and the bearish trend of oil prices is expected to enter a further acceleration stage. After the rise first and then the fall, the demarcation line between the bulls and bears of oil prices is around $59.3. If it is under pressure again, it will indicate the continuation of the future trend.
FX:USOILShort
by HilaryBloomer
USOIL What Next? BUY! My dear followers, I analysed this chart on USOIL and concluded the following: The market is trading on 58.35 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 60.83 Safe Stop Loss - 57.06 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
4
Summary of the Crude Oil Market This WeekThis week, the crude oil market witnessed a significant decline. Brent crude oil dropped by a cumulative 8.3%, and WTI crude oil fell by 7.5%. Both recorded their largest single-week declines since the end of March.👉👉👉 OPEC+ convened a production meeting ahead of schedule and planned to discuss the production increase plan for June. The market bets that the probability of a production increase is as high as 70%. Previously, OPEC+ unexpectedly announced in April that it would increase daily production by 411,000 barrels starting from May, which is three times the original planned increase. This move aimed to punish member states that had overproduced oil. If production is further increased in June, it will further intensify the supply pressure on the market. Although the geopolitical tensions in the Middle East region have intensified, such as the postponement of the fourth round of nuclear negotiations between the United States and Iran, which has, to a certain extent, provided support for oil prices, judging from the overall market situation this week, this supporting effect has failed to offset the impact of increased supply and decreased demand. Overall, this week, under the intertwined influence of factors such as increased supply, uncertain demand prospects, and changes in the geopolitical situation, the crude oil market showed a significant downward trend. The market's expectations for crude oil prices are rather pessimistic, and it is expected that crude oil prices will still face certain downward pressure in the coming period. However, if OPEC+ changes its production increase plan, or if there is an unexpected improvement in the global economy, crude oil prices may rebound.
TVC:USOILShort
by Trading_Grorge
The decisive day of major data (USOIL) Yesterday, it was pointed out in the analysis circle: The support of 58 needs to be tested. Sure enough, buying at low levels continued to expand profits. The current price is 59.6. From the pressure analysis, the market is still affected by data that oversupply, and institutions will not reduce production in a short time. Therefore, oil prices will fall further, The oil price broke through 59. Due to supply reasons, the market still has a downward range. 60-61 is a good choice to sell in succession. tp58-57
TVC:USOILShort
by Band_analysis
Crude oil is entering the seasonal growth windowCrude oil had tested the lower band of the Bollinger Bands indicator on the daily chart. Being a momentum instrument, it has a chance of testing the area below the previous intermediate-term low (testing 52-55k area), after which the price may turn back to $60: the fair price according to the STEO forecast from eia.gov As WTI oil is entering the seasonal window of growth, so we can assume the mean-reversion scenario to dominate in the near future, especially considering the improving market sentiment. Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
TVC:USOIL
by Stanislav_Bernukhov_Exness
WTI TRADE UPDATEhi all Based on the current situation for WTI, with the stop loss hit from the previous trade idea, Plan A now relies on a breakout of the trendline and the support turning into resistance as confirmation for taking a long position. However, if rejection occurs at the trendline or at the support-turned-resistance level, there's a possibility that the price will decline again, given that a breakout has already happened on the daily timeframe. Therefore, closely monitoring price movements around these key levels is crucial before making any trading decisions. Ensure strong confirmation before acting, and keep an eye on shifts in market structure. Feel free to share any new updates, and best of luck with your strategy! good luck all **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal** Thanks a lot for your support
TVC:USOILLong
by mytw0cents
2