I’m short USOIL🛢️ USOIL is WTI Crude Oil, the oil that powers our world.
I’m short USOIL 📉
Too much oil is flooding the market while demand slows down.
Would you take this trade? 🤔
XTIUSD trade ideas
USOILBroke below strong daily support zone for about two months but came back above and looks to have retested the zone properly. Minor H4/H1 resistance around 66.70 that needs to be broken before possibly moving higher.
USOIL: Local Bearish Bias! 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 68.669 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 67.925..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
WTI crude oil Wave Analysis – 8 July 2025- WTI crude oil reversed from the support zone
- Likely to rise to resistance level 70.00
WTI crude oil recently reversed up from the support zone located between the key support level 64.55 (former resistance from the end of April), the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from May.
The upward reversal from this support zone started the active medium-term ABC correction (2).
WTI crude oil can be expected to rise to the next round resistance level 70.00 (target price for the completion of the active impulse wave i).
Crude Oil Eyes Bullish Breakout – Demand Zone Holding StrongCrude Oil (USOIL) is forming a potential bullish reversal structure on the 1H timeframe, supported by repeated bounces from a well-respected demand zone. Price currently consolidates below the key resistance level with a visible expanding channel, hinting at possible volatility and breakout.
🔹 Trade Idea:
I’m waiting for a clear break and close above 66.50 for a valid long entry. The setup remains invalid unless price confirms this breakout.
🔹 Technical Highlights:
- Strong demand zone held price multiple times
- Formation of higher impulses with retracements aligning well with Fibonacci levels
- Market structure suggests a continuation toward upper targets if 66.50 is broken with momentum
🔹 Trade Plan:
- Buy Above: 66.50 (breakout confirmation)
- Stop Loss: 64.40 (below demand zone and structure support)
- Target: 69.00 (near 2.272 Fibonacci extension)
⚠️ Note: No entry unless 66.50 is broken convincingly. Setup favors disciplined execution only on confirmation.
USOIL:Today's Trading Strategy
Oil prices have signs of upward breakthrough at present, yesterday's trend broke the short - term narrow range of shock range, on the idea of retracting to do more. The more appropriate long point is 66-66.3, if short, the more appropriate point is 67-67.4, but the short position is recommended not to be too heavy, not to do less than the point.
Trading Strategy:
SELL@67-67.4
TP: 66-66.3
BUY@66-66.3
TP: 67.5-68
More detailed strategies and trading will be notified here ↗↗↗
Keep updated, come to "get" ↗↗↗
US CRUDE OIL (WTI): Bullish Move From Support📈USOIL appears to be bullish following a consolidation at a significant daily support level.
The emergence of a bullish imbalance candle reinforces this positive outlook.
I anticipate the price will rise to at least 68.00, potentially reaching 69.00.
Oil (WTI) – Preparing for Potential Fresh VolatilityThe price of Oil (WTI) fell dramatically last week, from a high of 78.88 on Monday June 23rd to a low of 65.21 on Tuesday June 24th, as a ceasefire was first agreed and then held between Israel and Iran. This shifted the focus for traders back to US trade talks and looming tariffs, the direction of US economic growth and the potential for another OPEC+ production increase. Although, it must be said that nervousness about the sustainability of the ceasefire is still drawing the focus of traders this week and may continue to do so.
In terms of trade, Oil prices jumped higher yesterday as a trade deal between the US and Vietnam was announced, but the question remains, could this rally be short lived?
President Trump stated on Tuesday that he doesn’t expect to delay his July 9th tariff deadline, which could see higher import penalties reimposed on key trading partners, such as Japan and the EU. While it seems that traders may still be unsure whether he really means this, any potential impact on Oil prices could increase the closer we move to the deadline.
Today’s data releases could provide some key insights into the health of the US economy, with Non-farm payrolls released at 1330 BST and the US ISM Services PMI due at 1500 BST. Traders expect jobs growth to continue to moderate, so any bigger downside surprises could increase Oil price volatility, and the direction of service activity (bars, restaurants etc), the main driver of US growth for many months, may also be crucial for sentiment. Traders may be watching for whether there has been any major deterioration in this services PMI reading, back towards, or below 50, which is the dividing line between economic contraction and expansion.
Then, Sunday’s (July 6th) OPEC+ meeting, where the group is expected to agree to an August supply increase for a fourth month in a row, moves into focus. Depending on this OPEC+ decision and any tariff or geo-political developments over the weekend, Oil prices could potentially open up at very different levels on Monday morning.
Technical Update: Breaking Higher From Range?
Following the aggressive sell-off in the price of Oil from the 78.88 June 22nd high into the 65.21 June 24th low, a period of stability materialised as traders assessed the developing geo-political backdrop.
This saw price activity held by support offered by the 65.21 price low and resistance by the 67.54 June 26th high. However, as the 4 hourly chart above shows, the latest activity has now seen prices move out of this range, with a closing break above the previous 67.54 high.
While a break higher from such a sideways range in price is not a guarantee of continued upside, traders may now be viewing this type of activity as reflecting potential for a more extended phase of price strength.
Next Possible Resistance Levels.
If further price strength is to emerge, it might now suggest possibilities to test the 70.48 level, which is equal to the 38.2% Fibonacci retracement of the June 22nd to June 24th decline.
Closing breaks above this resistance may then lead to further attempts at price strength towards 72.08, which is the higher 50% retracement level.
Next Possible Support Levels
While some traders might view a move back into the old sideways price range, which would be represented by closes back under the 67.54 recent high, as marking the possibility of increasing downside pressure again, it might in fact be breaks under the 66.98 level, which is equal to half latest strength, that indicates the potential of further price declines.
Such downside closing breaks may well suggest potential to retest the 65.21 June 24th low trade, possibly further if this in turn gives way.
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Crude oil moves up alternately during the day
💡Message Strategy
WTI crude oil prices snapped a three-day winning streak and were trading around $66.00 a barrel in early European trading Thursday. Crude oil prices fell as rising U.S. crude inventories heightened concerns about weak demand in the United States, the world's largest oil consumer.
📊Technical aspects
From the daily chart level, crude oil fluctuates upward in the medium term and tests around 78. The K-line closes with a large real negative line, which has not yet destroyed the moving average system and is still supported. The medium-term objective upward trend remains unchanged.
However, from the perspective of momentum, the MACD indicator crosses downward above the zero axis, indicating that the bullish momentum is weakening. It is expected that the medium-term trend of crude oil will fall into a high-level oscillation pattern.
The short-term trend of crude oil (4H) fluctuated and consolidated for two trading days. The oil price repeatedly crossed the moving average system, and the objective trend direction fluctuated. From the perspective of the primary and secondary rhythms, the current rhythm is a secondary oscillation rhythm. According to the law of primary and secondary alternation, the subjective trend still maintains an upward direction. In terms of momentum, there are signs of weakening upward momentum, and it is expected that the crude oil trend will continue to be mainly upward.
💰Strategy Package
Long Position:65.50-66.00，SL：64.50，Target:69.00-70.00
CRUDE OIL (WTI): Consolidation is Over
Crude Oil was consolidating for 6 trading days in a row
after a test of a key daily support.
The yesterday's Crude Oil Inventories data made the market bullish
and the price successfully violated a minor resistance of a sideways movement.
We can expect that the market will grow more.
Next resistance - 69.27
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crude carving out shallow complex w4 to at least a 6708 print? crude looks to be carving out a complex wave 4 in an ascending wedge that should extend toward 6708. I'm looking for the D wave down to commence anytime now. lets see if this will play out.
WTI BUY OPPORTUNITY!!!Price just offered a buy opportunity as it trades at $65.605 per barrel. I anticipate a bullish price action to develop away from the current market price. The massive pullback that occurred from the daily timeframe is completed and it’s due for a buy.
Take advantage of this opportunity now!
USOIL:Narrow trading strategy
USOIL: There is no update in the past two days, because the oil price still continues to fluctuate in a narrow range, and the space for volatility is gradually reduced, which is not very different from our overall trading idea. The original long target of 65.9-66.4 can be adjusted to 65.8-66.2 with the reduction of the space for volatility. It is expected that the trend will come out this week, and we will adjust our thinking then.
Friends who do not trade at present can refer to the interval trading strategy within a day:
BUY@64.7-65
TP: 65.8 to 66.2
SELL@65.8-66.2
TP: 64.7-65
More detailed strategies and trading will be notified here ↗↗↗
Keep updated, come to "get" ↗↗↗
Sell oil here after decrearse tension in middle east I Can see notable price action for going to sell on oil
USOIL is Nearing the Daily TrendHey Traders, in tomorrow's trading session we are monitoring USOIL for a buying opportunity around 64.30 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 64.30 support and resistance area.
Trade safe, Joe.
USOIL Is Bearish! Short!
Please, check our technical outlook for USOIL.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 66.402.
Considering the today's price action, probabilities will be high to see a movement to 64.925.
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.
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OIL Bouncing at SupportLooking for a short bounce on US Oil here after a massive sell off earlier this week when the ceasefire was announced in the middle east. Again this is a short, countertrend bounce trade . Once you get a few percent, take your profits and get out.
Momentum Cools as Oil Eyes Reentry From $67.6FenzoFx—Crude Oil bounced from $66.2, a support backed by the volume profile point of interest, but lost momentum after hitting the bearish FVG.
Currently trading near $68.2 with Stochastic overbought. A pullback to $67.6 can offer a low-risk reentry. The bullish bias remains intact above $65.2, with $70.3 as the next target.
WTI Oil H4 | Heading into a pullback resistanceWTI oil (USOIL) could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 68.28 which is a pullback resistance.
Stop loss is at 70.90 which is a level that sits above the 50% Fibonacci retracement and a pullback resistance.
Take profit is at 63.86 which is a pullback support that aligns closely with the 161.8% Fibonacci extension.
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USOIL - Bearish Double TOPHello Traders !
The USOIL failed to create a new higher high!
The price formed a double top pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
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TARGET: 64.960🎯
USOIL : What will happen to the price of oil?Hello friends
As you can see, we had support in the past, which has now become a strong resistance for the price after it was broken.
Now we need to see if the price will manage to break it at this moment when it is close to its key and sensitive resistance.
*Trade safely with us*
