Oil UpdateOil Update
We have this chart from the beginning of January on our page
The targeted decline was achieved as we expected before by also rising from the 67 areas to the 80 areas
Now we see the achievement of the downside targets as well
We will update again about the expected rise but we can say that these are good areas and we have to be patient until the above expected targets are achieved, the 73 areas
WTICOUSD trade ideas
OIL Today's strategyYesterday, prices were affected by tightening expectations on the supply side, geopolitics and other factors, and the trend was strong, breaking through $69.
Today, it is fluctuating above $69, and another wave of gains is expected. At the same time, we need to pay close attention to the situation in the $68.5-69.5 area and adjust it at any time
usoil buy@68.3-68.7
tp:69.5-70
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USOIL Is Very Bearish! Short!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 69.379.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 67.044 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.
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Technical Analysis for WTI Crude Oil (Daily Chart)Current Price Action
WTI crude oil is trading at $70.51, showing a recovery from the Liquidity Pool zone near the $66.00–$67.00 range. The price has approached a key resistance level around $71.00, which aligns with a previous area of rejection in February 2025. The chart suggests a potential pullback from this resistance level, as indicated by the projected downward arrow.
Support Levels:
$66.00–$67.00: This zone represents a significant liquidity pool where buyers have consistently stepped in, leading to a reversal in price.
$65.00: A psychological support level and the lower boundary of the liquidity pool.
Resistance Levels:
$71.00: A critical resistance level that has acted as a ceiling for price action in recent months.
$73.00: The next major resistance level if the price breaks above $71.00.
Volume Profile Analysis
The Volume Profile on the right side of the chart shows significant trading activity between $70.00 and $71.00, indicating strong resistance in this area. Above $71.00, the volume thins out, suggesting that a breakout could lead to a rapid move toward $73.00.
Indicators and Momentum
Trend: The price is recovering from a bearish trend but remains below the highs of $80.00 seen earlier in the chart. The current move appears to be a retracement within a broader downtrend.
Potential Pullback: The projected arrow on the chart suggests a possible rejection at $71.00, with a pullback toward the $68.00–$69.00 range.
Market Sentiment
The chart reflects cautious optimism, with buyers stepping in at lower levels but facing strong resistance at $71.00. A breakout above this level could signal a shift in sentiment, while a rejection would confirm the continuation of the bearish trend.
Conclusion
WTI crude oil is at a critical juncture, testing the $71.00 resistance level. Traders should watch for a breakout above $71.00, which could target $73.00 and higher. Conversely, a rejection at this level may lead to a pullback toward the $68.00–$67.00 support zone. The liquidity pool near $66.00 remains a key area for buyers to defend in the event of further downside.
Could the price bounce from here?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 68.47
1st Support: 66.88
1st Resistance: 70.38
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CRUDE OIL Will Go Up After Pullback! Buy!
Hello,Traders!
CRUDE OIL is trading in a
Local uptrend and the price
Made a strong bullish breakout
Of the key horizontal level
Of 68.40$ 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.
WTI Oil H4 | Rising into 50% Fibonacci retracementWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 69.23 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement.
Stop loss is at 70.70 which is a level that sits above the 61.8% Fibonacci retracement and a multi-swing-high resistance.
Take profit is at 66.44 which is a multi-swing-low support.
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Market Analysis: WTI Crude Oil Face HurdlesMarket Analysis: WTI Crude Oil Face Hurdles
Crude oil is attempting a recovery wave but upsides could be limited.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices started a recovery wave from the $66.00 support zone.
- There is a key bullish trend line forming with support at $67.50 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 remained in a bearish zone below the $70.00 level against the US Dollar. The price started a fresh decline below the $68.00 support.
The price even dipped below the $67.50 level and the 50-hour simple moving average. Finally, the bulls appeared near $66.00 and the price started a recovery wave. The price recovered above $67.50 and tested the $68.50 zone.
The price is now consolidating gains below the 23.6% Fib retracement level of the upward move from the $66.54 swing low to the $68.48 high. There is also a key bullish trend line forming with support at $67.50.
If there is a fresh increase, it could face resistance near the $68.30 level. The first major resistance is near the $68.50 level. Any more gains might send the price toward the $69.20 level.
The main resistance could be near the $70.00 level. Conversely, the price might continue to move down and revisit the $67.50 support and the 50% Fib retracement level of the upward move from the $66.54 swing low to the $68.48 high. The next major support on the WTI crude oil chart is $67.00.
If there is a downside break, the price might decline toward $66.55. Any more losses may perhaps open the doors for a move toward the $66.10 support zone.
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WTI Price Analysis: Key Insights for Next Week Trading DecisionOil prices are showing signs of recovery after a strong bearish move, with $68.00 as a key level that will play a significant role in guiding our trading decisions for the new week.
📌 Key Technical Outlook:
🔹 Oil is currently trading within an ascending channel on the 4H timeframe.
🔹 I’ll be watching for a breakout/retest of the channel resistance and $68.50 for buying opportunities.
🔹 If selling pressure remains below the resistance line of the channel and the $68.00 key level, I will be considering selling opportunities.
📌 Major Market Drivers:
🔹 US Sanctions on Iran: The US Treasury imposed new sanctions targeting entities involved in supplying Iranian crude oil to China. Analysts expect a 1 million bpd drop in Iranian exports, which could support prices.
🔹 OPEC+ Production Cuts: A new plan will see seven member nations cut production by 189,000–435,000 bpd per month until June 2026.
🔹 Geopolitical Risks: Ongoing tensions in the Middle East & the Russia-Ukraine war continue to add a risk premium to oil prices.
📅 Key Economic Events on Our Radar Next Week:
🛢 Tuesday: API Crude Oil Stock Report – Offers insight into US oil inventory levels.
🛢 Wednesday: EIA Crude Oil Inventories Report – A key supply indicator affecting price movements.
🗓 Tuesday: US S&P Global PMI – Important for economic sentiment and demand expectations.
🗓 Thursday: US GDP (Q4 Final) – Provides clues on economic growth and potential impact on oil demand.
🗓 Friday: US Core PCE Index – The Fed’s preferred inflation measure, critical for policy direction.
Oil remains bullish in the short term, but I’ll be monitoring price action closely at $68.00 and $68.50 for trade setups. We’ll break it all down in Forex Morning Mastery tomorrow—stay tuned! 🔥📈