Crude Oil (WTI) - Cup and Handle PatternCrude Oil (WTI) - Cup and Handle Pattern Breakdown
Chart Overview:
The chart displays a clearly formed Cup and Handle Pattern — a classic technical formation often followed by aggressive moves.
Cup Formation: Smooth rounding bottom showing accumulation phase, with resistance near $66.5.
Handle Formation: Slight pullback consolidating below resistance, typical before a breakdown.
Technical Interpretation:
The Cup and Handle pattern is typically considered a bullish continuation pattern. However, in this case, the price has failed to break above the resistance, suggesting a bearish reversal.
Bearish Breakdown Expected: Instead of breaking out to the upside, price action suggests a breakdown — making the Cup and Handle act as a reversal pattern.
Targets:
First Target:
56.50 USD
This level aligns with the measured move technique where the depth of the cup is projected downward from the breakdown point.
Second Target:
46.75 USD
This target is based on further extension, likely a Fibonacci projection or the full cup depth extension in bearish scenario.
Key Observations:
Pattern Completion: The handle part has completed and price is hesitating near the neckline.
Volume Confirmation: (Assumed from typical setups) — Breakdown from the handle zone usually needs a surge in volume to confirm the bearish move.
Trend Structure: Lower highs and lower lows forming after the peak of the handle indicate growing selling pressure.
Measured Move Logic:
The height of the Cup (from the bottom to resistance) is projected downward.
Extension projections justify the second target of 46.75 USD.
Risk Factors:
Watch for any false breakdown — if price reverses and reclaims above the handle resistance (~66.5 USD), the pattern would be invalidated.
Macroeconomic news (OPEC meetings, inventory data, geopolitical tensions) can impact Crude Oil prices unpredictably.
Summary:
Pattern: Cup & Handle (Bearish Reversal)
Breakdown Expectation: Strong, impulsive.
Immediate Target: 56.50 USD
Extended Target: 46.75 USD
Invalidation: Close above 66.50 USD.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Trading in crude oil or any commodity involves significant risk and you should consult your financial advisor before making trading decisions.
XTIUSD trade ideas
Crude oil surges stronglyInternational oil prices rose in early Asian trading on Tuesday, primarily driven by heightened risks of supply disruptions. Iran is expected to reject a U.S.-proposed nuclear deal proposal that could have paved the way for easing sanctions on Iranian oil exports. Additionally, wildfires in Alberta, Canada, have suspended part of oil and gas production, exacerbating market concerns about supply. Brent crude rose 0.85% to $65.18 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 0.75% to $62.97, extending a nearly 3% rally from the previous session.
The current oil price surge reflects the effect (superimposition) of multiple factors, including geopolitical uncertainties and sudden natural disasters. Notably, the market’s reaction to the OPEC+ production increase strategy highlights its high sensitivity to supply-side control. The Iran and Canada incidents have further underscored the short-term vulnerability of the global oil market. If U.S.-Iran negotiations completely collapse or wildfires continue to spread, oil prices may sustain their upward momentum.
Technically, the K-line chart has repeatedly formed bullish candlesticks with long lower shadows and small real bodies, indicating strong buying support at lower levels. Short-term intraday crude oil is expected to retain further upside potential.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
buy@62.0-62.5
TP:63.5-64.0
XTIUSD Bearish FVG SELLING STRONG🔍 TVC:USOIL Analysis – Bearish FVG Fill in Play
📉 Entry Triggered on Breakdown at 62.00
🎯 Technical Target:
60.00 – 1H Demand Zone in Focus
🕐 Time Frame: 1 Hour
📊 Expecting potential reaction at the 60.00 level as price taps into demand. Watching for bullish confirmations or continuation lower.
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There remains a risk of further downside for crude oil prices.During Monday's US trading session, international oil prices rebounded strongly. The main US crude contract surged 2.5% at one point to $62.31 per barrel, while the August Brent crude futures also rose more than 2% to $64.12 per barrel. Two key drivers underlie this rally: OPEC+'s maintenance of a "modest production increase" strategy at its weekend meeting, and Ukraine's surprise attack on a Russian military airfield. The crude oil market is currently in a dual game of "policy and geopolitics": OPEC+ seeks to balance the market with "modest production increases," while Ukraine's raid serves as a reminder that black swans are never far away.
Short-term Outlook:
US oil prices may remain range-bound between $60-$64 per barrel.
However, if the Russia-Ukraine conflict deteriorates or internal rifts within OPEC+ deepen, a new round of violent volatility (sharp rallies or crashes) cannot be ruled out.
Technical Analysis:
Early trading saw oil prices consolidate in a narrow range near $61, reflecting a secondary rhythm.
The MACD indicator is bearishly diverging below the zero axis with strong bearish momentum, suggesting a risk of continued downward movement in crude oil prices during the session.
Trading Strategy:
sell@63.5-64.0
TP:61.6-62.0
WTI Oil H1 | Falling toward an overlap supportWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 61.52 which is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 59.60 which is a level that lies underneath a multi-swing-low support.
Take profit is at 63.00 which is a swing-high resistance.
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Crude oil settles before the breakoutCrude oil is losing volatility, having locked in a narrow trading range. Usually that deprives the market from a directional bias, but increases the odds of spikes and quick liquidity moves to the edges of the trading range and beyond with a possible mean-reversion activity followed after (as shown at the chart).
Given the lack of driving narratives, it’s possible to observe quick breakouts to both sides of the current trading range and further slowing down.
That opens some opportunities for day traders, but for swing and position traders, opportunities might be limited for now.
Traders will monitor for the petroleum status report and stock changes for the oil on Wednesday (regular report from eia.gov).
Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
USOIL: Bullish Forecast & Bullish Scenario
The price of USOIL will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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USOIL next week trend analysis, hope it helps youGeopolitical risks have eased: Recent signs of de-escalation in the Middle East have emerged, with the United States submitting a ceasefire proposal to Hamas. Although not immediately accepted, market concerns about conflict escalation have diminished. Progress has also been made in U.S.-Iran nuclear negotiations, with the Iranian Foreign Ministry stating that significant breakthroughs have been achieved. If an agreement is reached in the future, Iran's crude oil exports could increase by 500,000 to 1 million barrels per day, further impacting the global crude oil supply pattern and increasing supply pressures.
Other supply-increasing factors: Oil field production disruptions caused by wildfires in Alberta, Canada, have been partially restored, reducing supply disturbance factors. In addition, U.S. crude oil output has stabilized at around 13.5 million barrels per day, and institutions predict that U.S. crude oil production will increase by approximately 300,000 barrels per day in 2025, with the Permian Basin as the main growth driver, also bringing additional supply to the market.
Accelerated new energy substitution: Global new energy vehicle sales increased by 25% year-on-year in 2025, combined with improvements in fuel efficiency, the elasticity of crude oil demand continues to decline. With the continuous advancement and application of new energy technologies, the substitution effect on traditional crude oil demand has become increasingly evident, which is unfavorable for long-term crude oil price increases.
USOIL next week trend analysis, hope it helps you
USOIL SELL@61~60.5
SL:62
TP:60~59.5
CRUDE OIL Local Long! Buy!
Hello,Traders!
USOIL is headed towards
A strong horizontal support
Level of 60.00$ and as the
Level is strong we will be
Expecting a rebound and
A local move up after the
Price retests the support
Buy!
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USOIL REBOUND AHEAD|LONG|
✅CRUDE OIL is set to retest a
Strong support level below at 60.20$
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 61.43$
LONG🚀
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Crude Oil (WTI) Technical Analysis – Bearish Harmonic Pattern 🛢️ Crude Oil (WTI) Technical Analysis – Bearish Harmonic Pattern Completion
Pattern Overview:
A Bearish Harmonic Pattern has been identified and completed.
The final leg (point D) has touched the 50% Fibonacci retracement of the previous XA leg, which validates the pattern's structure.
Key Observations:
Price has reversed from the D point, suggesting potential downside continuation.
Confirmation is observed with minor rejection wicks at the D zone.
The harmonic pattern indicates trend exhaustion and a reversal probability.
Price Action:
The current market level is near $61.75.
Price is expected to follow the projected zig-zag bearish path towards the target zone around $60, with further possible extension down to $58.90.
Technical Conclusion:
✅ Harmonic pattern completed
🔻 Bearish sentiment initiated post-pattern
🎯 Target zone: $60–$58.90
Trading Insight:
If price sustains below point D with weak bullish response, shorts will get initiated with tight stop-loss above D-point highs. Strong follow-through could bring a quick drop towards the projected support levels.
⚠️ Disclaimer:
This analysis is for educational and informational purposes only. It does not constitute financial advice or a trading recommendation. Please conduct your own research or consult with a financial advisor before making any trading decisions.
USOIL Will Go Up! Long!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 61.359.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 64.395 level.
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.
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USOIL Today's Trading Strategy Hope this helps youThe situation in the Middle East remains tense. Although progress has been made in the Iranian nuclear negotiations, the outcome of the negotiations is full of uncertainties. There are numerous contradictions between the United States and Iran, and Israel is also eyeing Iran's nuclear facilities. Once a conflict breaks out, Iran's crude oil production and exports will be hindered, and oil transportation channels in the Middle East may also be affected, leading to a significant reduction in global crude oil supply. As a result, oil prices will likely rise rapidly. Such potential geopolitical risks provide room for imagination for the rise in crude oil prices.
USOIL Today's Trading Strategy Hope this helps you
USOIL BUY@60.5~61
SL:59.5
TP:61.5~62
USOIL Today's Trading Strategy Hope this helps you
On the supply side, although OPEC+ has a production increase plan, there are differences in the implementation efforts among member states. Some countries may be unable to fully implement the production increase target due to their own interests or production capacity limitations. In the case of U.S. shale oil, the current oil price is hovering near $60, close to the shale oil extraction cost line. If oil prices continue to fall, the production enthusiasm of U.S. shale oil enterprises will be dampened, and some oil wells may even be shut down, leading to a reduction in supply, which in turn will support oil prices.
On the demand side, the global economic recovery trend has gradually become clear. With the continuous implementation of economic stimulus policies by various countries, industrial production activities have increased, and the transportation industry has gradually recovered, leading to a steady growth trend in crude oil demand. In particular, emerging economies, with their fast economic growth rates and large demand gap for crude oil, have become an important force driving the growth of crude oil demand.
Geopolitical factors remain a key variable affecting oil prices. The situation in the Middle East is tense, the progress of the Iranian nuclear negotiations is slow, and the contradictions between Israel and Iran continue to escalate. Once a conflict breaks out, it will seriously affect crude oil production and transportation in the Middle East, leading to a global crude oil supply shortage and a inevitable sharp rise in oil prices.
USOIL Today's Trading Strategy Hope this helps you
USOIL BUY@60.5~61
SL:59.5
TP:61.5~62
USOIL Today's Trading Strategy:
Recent market signs indicate that oil prices may decline. From a supply perspective, some OPEC+ producers have relaxed production cuts, increasing crude oil supply in the market. Additionally, U.S. crude oil inventories increased by 2.4 million barrels last week, and output further rose, making the oversupply of crude oil more evident. On the demand side, under the influence of U.S. tariff policies, global economic growth has slowed, and market expectations for crude oil demand are relatively pessimistic. Although geopolitical tensions in the Middle East have eased, reducing the risk of supply disruptions, this has also caused oil prices to lose a strong supporting factor.
USOIL Today's Trading Strategy:
USOIL SELL@62.0~62.5
SL:63
TP:61~60