WTI OIL Best scalping opportunity at the moment!WTI Oil (USOIL) has been consolidating inside a ranged trading set-up, with the 4H MA100 (green trend-line) as its Resistance and the 4H MA200 (orange trend-line) as its Support.
We saw this previously from May 13 to June 01 and it presents the best scaling opportunity in the market at the moment. That previous Ranged Trading pattern eventually broke upwards as the Higher Lows trend-line held.
As a result, after you get your scalping profits within this range, look for a clear break-out above the 4H MA100 (candle closing) in order to go long (Resistance 1) or a break-out below the Higher Lows (candle closing) in order to go short (Support 1).
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Crude-oil
Crude oil $ukoil - Final falling oil has been a barometer of the financial market for the last decades.
I look at the formations and I see that we will see a renewal of the bottom in the coming months, I will not say the reasons, you just need to wait a little.
I've been talking about the fall for a long time, but it's not over yet.
After the final fall, I expect a renewal of the highs, due to the worsening situation in the Middle East, this will be after September
Best Regards EXCAVO
WTI CRUDE OIL: Brutal collapse expectedWTI Crude Oil has turned bearish again on its 1D technical outlook (RSI = 44.990, MACD = 0.310, ADX = 38.289) and is expected to accelerate the effect as based on the 16 year Cycles, late 2025 and most of 2026 should experience a price collapse. The most optimal Buy Zone starts at $33.00, it could go lower but that's a solid base from which to expect a bounce back above $110.00 by 2028.
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WTI OIL Massive rejection on the 1D MA200.WTI Oil (USOIL) has been trading within a Channel Down for over a year now and today its latest Bullish Leg hit the 1D MA200 (orange trend-line) for the first time since February 03 2025.
Unless we see a sustainable structured rise that turns it into a Support, the long-term bearish trend should prevail, and the market has already reacted to this with a strong rejection.
With the 1D RSI almost overbought (>70.00), being consistent with the last 3 major tops, we expect a gradual decline towards Support 1, as it happened on the January - February 2025 Bearish Leg.
Our Target is just above it at $55.50.
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WTI Crude Oil Stalls At Technical JunctureCrude oil has enjoyed a decent rally in recent weeks thanks to improved sentiment and OPEC+ scaling back production. Yet momentum turned against bulls on Tuesday, despite positive trade talks between the US and China. Today I discuss whether this could be a turning point for oil, or simply a bump in the road.
Matt Simpson, Market Analyst at City Index and Forex.com
WTI Crude Oil Testing Make-or-Break Support ZoneWTI crude is grinding into a pivotal horizontal support near 6,020 after another sharp rejection near the 50-day SMA:
Support at Risk: Price is pressing into the horizontal support zone formed by May’s lows (~6,020). A clean break below would shift momentum back decisively to the downside.
Bearish Structure: Price remains well below both the 50- and 200-day SMAs, which are angled downward—consistent with a medium-term downtrend.
Momentum Fading: MACD is negative and turning lower again, while RSI is stuck near 45 and showing no bullish divergence.
Next Support: If support fails, next downside level is likely around the YTD low near 5,400.
As it stands, bears remain in control unless bulls can defend this floor and drive a breakout back above the 50-day SMA.
-MW
CRUDE OIL Local Long! Buy!
Hello,Traders!
USOIL has retested a
Nice round horizontal
Support level of 60$
And we are predictably
Seeing a bullish reaction
From the level which we
Believe will take the price
A bit higher still
Buy!
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Crude oil gains could be limited. Here's whyAlong with other risk assets, crude oil has had a positive day, albeit a much quieter one compared to the major indices. It has been held back in part by the dollar also finding good support. So, I think a large part of the rally today in WTI is just a function of the market pricing in higher demand because of lower tariffs. Thus, it is the removal of a bearish factor driving prices higher, which could be factor for a while yet as market finds a new equilibrium. The underlying issue of an oversupplied market is what will ultimately determine oil prices. On that front, you have the OPEC ready to release more withheld supplies as it doesn’t want to lose more market share to non-OPEC producers. Thus, the upside linked to a brighter demand outlook should be capped. So, while I do think prices may rise a little further, I don’t think that we will see significantly higher prices with the current state of supply picture. I wouldn’t be surprised if $70 turns into resistance now on Brent, or if WTI holds this shaded yellow resistance range you can see on this chart around $65 area.
By Fawad Razaqzada, market analyst with FOREX.com
CRUDE OIL Bullish Breakout! Buy!
Hello,Traders!
CRUDE OIL is making a bullish
Correction from the lows and
The price made a bullish
Breakout of the key horizontal
Level of 60.10$ then made a
Retest and a rebound so we
Are bullish biased and we will
Be expecting a further bullish
Continuation on Monday
Buy!
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WTI CRUDE OIL: Short term rebound on RSI Bullish DivergenceWTI Crude Oil is bearish on its 1D technical outlook (RSI = 38.958, MACD = -2.110, ADX = 28.985) as it remains on a multi-month Low. The 1D RSI however displays a HL Bullish Divergence and this can cause a short term price rebound. The Resistance is the Pivot Zone and short term the LH trendline is what maintains the downtrend. Consequently, we are now bullish, TP = 64.90.
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USOIL SHORT SIGNAL|
✅CRUDE OIL made a retest
Of the horizontal resistance level
Of 59.80$ and we are already seeing
A bearish reaction so we are bearish
Biased and we can enter a short trade
With the TP of 58.10$ and the
SL of 59.93$
SHORT🔥
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WTI OIL Oversold rebound at the bottom of 7-month Channel Down.WTI Oil (USOIL) hit last week the bottom (Lower Lows trend-line) of the 7-month Channel Down while its 1D RSI turned oversold (<30.00), the lowest it's been since March 2020 and the COVID crash.
Naturally, the price rebounded but still hasn't even tested the 1D MA50 (blue trend-line), which indicates that it remains a strong medium-term buy opportunity. With the previous Lower Low almost reaching the 0.786 Fibonacci retracement level, we expect to see at least $72.50 in the medium-term.
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WTI CRUDE OIL: Channel Down bottomed. Buy opportunity.WTI Crude Oil is heavily bearish on its 1D technical outlook (RSI = 38.039, MACD = -2.310, ADX = 38.046) as it is trading inside a Channel Down for more than 1 year. Last week's low has made a technical LL at the bottom of the pattern and the current consolidation indicates that this may be an attempt to initiate the new bullish wave. The 1D RSI recovered from being oversold previously and this potentially hints to a rebound over the 1D MA200. The last bullish wave crossed above the 0.618 Fibonacci marginally. Trade: long, TP = 71.00.
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WTI CRUDE OIL: Potential bottom and massive rebound to 71.00.WTI Crude Oil got oversold on its 1D technical outlook (RSI = 31.096, MACD = -1.620, ADX = 38.232) but is recovering its 1W candle now as it hit the bottom (LL) of the 1 year Channel Down. If the 1W candle makes a green closing, we will consider this a bottom, as the 1W RSI is also on its LL trendline) and go for a long aimed as the previous one at the 0.618 Fibonacci (TP = 71.00).
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Oil in a multi-week declining triangle patternPYTH:USOILSPOT
Oil has been in a multi-week declining triangle pattern, lasting over 2 years so far, which will eventually break to the downside. When it does, the price target should be around $35 USD. Which is calculated subtracting the width of the triangle from the base of the triangle.
When? Probably when we have a stock market crash, which could be soon. Fundamentally speaking, a global recession should reduce global demand for crude oil. Also, a resolution of the Ukraine-Rusia conflict should increase global supply of crude oil.
Good luck to you
Crude Oil Dipped, Testing Critical Support Level FenzoFx—Crude oil dropped from $72.20 and is now testing the $68.8 support. The decline was expected as the Stochastic oscillator signaled overbought conditions.
If $68.8 breaks, the downtrend could extend to $67.6.
Bullish Scenario : However, a higher low above $70.15 would invalidate the bearish outlook, potentially pushing prices back to $72.20.
CRUDE OIL Free Signal! Sell!
Hello,Traders!
CRUDE OIL made a sharp
And sudden move up
And it seems that it will
Soon hit a horizontal
Resistance level of 68.80$
From where we can go short
On Oil with the TP of 67.67$
And the SL of 68.87$
Sell!
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WTI crude oil shows the potential for a bounceThis is a bit of a scrappy chart, but I still see the potential for a cheeky bounce.
WTI crude oil is trying to snap a 4-week losing streak, by stalling around a 50% retracement level. Last week's candle was an inverted hammer, and the previous two weeks have both closed above the 50% level.
A bullish divergence formed on the daily RSI (2) ahead price action finding support at the 200-day SMA and 200-day EMA.
From here, the bias remains bullish while prices hold above last week's low. Bulls could seek dips towards the 200-day MAs, with a near-term upside target of $72. A break above which brings $74 into focus, near the monthly pivot point.
Matt Simpson, Market Analyst at City Index and Forex.com
WTI selloff stalls around cluster of big levelsWTI crude has seen a 11% correction from its January high, and 11 of the past 13 days since the high have been down days. But there is a glimmer of hope for bulls as prices are holding above several key levels of support, just above the $70 handle.
Tuesday's bullish pinbar held above respected the 200-day EMA and 50% retracement levels, while respecting the 200 and 50-day EMAs. It also saw a minor (and ultimately false) break of the $71 handle and November high.
While Wednesday was a down day, it was also an inside day. And this suggests a hesitancy to break immediately lower with demand around $71.
This may be on the scrappy side, but bulls could consider longs around the current lows and seek a rebound to either Wednesday's high, just beneath the $73. Though a higher target could be considered should a fundamentally bullish catalyst arrive.
The bias remains bullish above $70, but $70.49 could also be used to improve the reward-to-risk ratio.
Matt Simpson, Market Analyst at City Index
WTI CRUDE OIL: Rebound to 75.50 very probable.WTI Crude Oil is bearish on its 1D technical outlook (RSI = 40.837, MACD = 0.030, ADX = 37.618) which is natural as it's trading inside a Channel Down. The pattern formed a 4H Death Cross yesterday and even though it's technically bearish, the last time it was formed (October 24th 2024), it marked a bottom 4 days later. The bottom was formed on a HL trendline and if it gets repeated, we should see a HL rebound soon. As with November's rebound, we will be targeting the 0.5 Fibonacci level (TP = 75.50).
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