Potential bullish rise?WTI Oil (XTI/USD) has reacted off the pivot and could rise to the 1st resistance which is a pullback resistance.
Pivot: 62.09
1st Support: 58.07
1st Resistance: 66.63
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.
XTIUSD trade ideas
Concerns about demand limit the upside potentialDriven by the U.S. sanctions on Iran's oil exports, crude oil rebounded in the short term. OPEC has received updated compensation production reduction plans from eight countries (reducing daily oil production by 305,000 barrels until June 2026), coupled with the U.S. intention to reduce Iran's energy exports to zero. The recent oil price rally is primarily driven by short-term news, reflecting supply disruptions and sentiment repair rather than fundamental improvements.
Although U.S.-Iran sanctions and OPEC quota adjustments may trigger periodic tensions, escalating global trade concerns and institutional downward revisions to demand forecasts will limit the upside of oil price rebounds.
USOIL
buy@62-63
tp:64-65
I hope this strategy will be helpful to you.
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USOIL: Bearish Continuation & Short Trade
USOIL
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell USOIL
Entry - 64.408
Stop - 66.133
Take - 60.964
Our Risk - 1%
Start protection of your profits from lower levels
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USOUSD (WTI crude) breakout-pullback-bearish continuation?Oil has been bearish for several months now and making mostly lower highs while the area between 67.140 and 65.280 has provided solid support. About 3 weeks ago a breakout below occurred and a pullback to the support zone is now in progress.
I will be monitoring PA closely next week to see if there is any evidence of bearish continuation. If bearish price action does resume, IMO, we could well see the round number 50.00 be achieved.
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
OIL Approaching Critical Resistance –Will Bulls Hold Control?🔍 Price has broken above the 62.94 resistance and is now approaching the 65.75 resistance. Momentum is bullish, but the next move depends on how price reacts at this level.
📌 Marked Zones:
• Resistance: 65.75 ❌ | 68.70 🔼 | 71.88 🔼
• Support: 62.94 ⚠️ | 59.17 🔽 | 55.15 🔽
📈 Scenarios:
• Bullish Bias: A clean break and retest above 65.75 could open the way to 68.70.
• Bearish Bias: Rejection from 65.75 or failure to hold above 62.94 may lead to a drop toward 59.17.
📘 This is not financial advice. Always trade your plan.
Recent correlation breakdown between $USOIL and $DXYUsually, market watchers will say if the Dollar index TVC:DXY is down then commodities like Crude Oil and Gold should outperform. But recent market events have invalidated this assessment. Since 2022 we see that there is a correlation breakdown between TVC:USOIL and $DXY. These 2 indexes have been moving in tandem recently. In 2025 we saw a massive sale in the TVC:DXY and a similar downturn in the US Dollar index. With TVC:DXY below 100 and TVC:USOIL recently below 60 $, these 2 indexes are clearly indicating a US recession with low Oil demand.
IN this chart we see that the next key support levels in TVC:USOIL is 54 $. If we go below 54 $ then the next level to watch will be 35 $. That will be a recessionary scenario last seen during COVID lows. That can bring down the TVC:DXY to 90 levels. All those will indicate a deep recession which is not my base case scenario. My assessment we will see TVC:USOIL @ 55 $ and TVC:DXY @ 95 and then we will hover around those levels.
Verdict: TVC:USOIL can touch 55 $ if TVC:DXY touches 95.
USOIL: Target Is Down! Short!
My dear friends,
Today we will analyse USOIL together☺️
The market is at an inflection zone and price has now reached an area around 64.411 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 63.338..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
Major Crash on USOIL ???US OIL in danger of collapsing
Trading plan
SL:60
TP:50/ floating
Trading set up
break of major support since 2023 at 65 level
Lower low lower high that indicates bearish momentum
price below its moving averages that shows seller pressure
price rejects 0,618 fib retracement
reasoning:
trade war, China retaliation, global demand slowdown, and oil has broken its yearly major support.
USOIL: Start Shorting
After reaching $55, USOIL started to rise. Currently, it is approaching the key resistance level, which is around $64.5. You can start shorting when it reaches this area.
All the signals I sent have been profitable, and I will continue to send accurate signals.
USOIL Trading Strategy for Next Week:
usoil sell@64.5-65
tp:63-61
USOIL BEST PLACE TO SELL FROM|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 63.67
Target Level: 56.31
Stop Loss: 68.58
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Crude Oil Holds at Key ResistanceFollowing a sharp rebound from the $55 low—mirroring broader market strength and gains in U.S. indices—oil is now hovering near a key resistance level at $64. Meanwhile, major U.S. indices remain below their respective resistance zones, awaiting confirmation of further uptrends.
A sustained break and hold above $64 could open the door for additional upside toward $66 and $70.
On the downside, if gains fail to hold and prices slip back below $64, support levels to watch are $60, $58, and $55.
A decisive break below $55 may trigger a steeper decline, potentially driving oil prices back toward the $49 per barrel region.
Written by Razan Hilal, CMT
Bearish reversal?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 65.92
1st Support: 62.37
1st Resistance: 68.53
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.
USOIL BULLISH BREAKOUT|LONG|
✅CRUDE OIL is going up now
And the price made a bullish
Breakout of the key horizontal
Level of 63.00$ which is now
A support so we are bullish biased
And we will be expecting a
Bullish continuation until
Oil hits the horizontal
Resistance above around 65.61$
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bearish reversal off pullback resistance?USO/USD is rising towards the resistance level which is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 65.91
Why we like it:
There is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 61.8% Fibonacci retracement.
Stop loss: 68.48
Why we like it:
There is an overlap resistance level that lines up with the 78.6% Fibonacci retracement.
Take profit: 62.74
Why we like it:
There is a pullback support level.
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Crude rallies on Trump China trade optimism, WTI test key levelCrude oil prices were already on the ascendency but have just hit fresh highs on the day after the latest Trump remarks:
WILL MAKE GOOD DEAL WITH CHINA
WE WILL HAVE A DEAL WITH CHINA
But...
*TRUMP SAYS HE'S IN 'NO RUSH' TO CLOSE DEALS
Anyway WTI has risen to session highs, now testing a major resistance area around $65 give or take $1. The area is shaded on the chart. If we go above this zone then bullish, else the bears remain in control.
By Fawad Razaqzada, market analyst with FOREX.com
Oil - Looking To Sell Pullbacks In The Short TermH4 - Strong bearish move.
No opposite signs.
Currently it looks like a pullback is happening.
Expecting bearish continuation until the two Fibonacci resistance zones hold.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
WTI crude oil Wave Analysis – 17 April 2025
- WTI crude oil reversed from key support level 55,00
- Likely to rise to resistance level 65.00
WTI crude oil recently reversed up from the key support level 55,00 standing close to the lower daily and the weekly Bollinger Bands.
The upward reversal from this support level created the weekly Japanese candlesticks reversal pattern long-legged Doji which stopped the previous impulse waves 5 and (3).
Given the strength of the support level 55,00, WTI crude oil can be expected to rise to the next resistance level 65.00 (former multiyear support level, acting as the resistance after it was broken earlier).