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XBR/USD Chart Analysis: Oil Price Declines Towards Key SupportXBR/USD Chart Analysis: Oil Price Declines Towards Key Support As the XBR/USD chart shows, Brent crude oil has made two significant moves recently: Last week’s price increase (A) followed President Donald Trump’s intentions to impose tariffs on India due to its purchases of Russian oil. This could have disrupted established oil supply chains. The price decline (B) may have been driven by both the decision of OPEC+ countries to increase production and reports of a weakening US labour market. Thus, there is reason to believe that the more than 4.5% decline in Brent crude oil prices since the beginning of August reflects market participants’ scepticism about sustained high oil prices: → this has a negative impact on the US economy (JP Morgan analysts raised concerns about recession risks this week); → increased activity from oil producers may offset supply chain disruption risks. Technical Analysis of the XBR/USD Chart From a technical analysis perspective, Brent crude oil has dropped to a key support level (marked in blue), which was previously active in July. A rebound from this line could happen – in such a case, the price might face resistance at the Fair Value Gap area (marked in orange), formed between: → $70.81 – a support level active in late July, which was broken; → the psychological level of $70.00. Attention should also be paid to price behaviour around the $69.00 level (indicated by arrows) – it quickly switched roles from support to resistance, indicating aggressive bearish sentiment. Given this observation, a potential bearish breakout attempt below the blue support line cannot be ruled out. However, whether this scenario materialises will largely depend on developments in geopolitical risks and tariff agreements. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XBRUSD
by FXOpen
1
USOIL drops on rising supply and demand concernsUSOIL drops on rising supply and demand concerns Oil prices fell Tuesday as OPEC+ planned a 547,000 bpd output increase for September, overshadowing potential Russian oil supply constraints from U.S. policies. Brent and WTI crude dropped to their lowest in a week, marking a fourth consecutive decline. OPEC+’s reversal of 2.5 million bpd cuts, combined with weak demand outlooks due to U.S. recession risks and China’s lack of new stimulus, pressured prices. Trump’s threatened 100% tariffs on Russian crude buyers like India, which imports 1.75 million bpd, heightened trade tensions but failed to lift oil prices. Analysts warn U.S. tariffs could further weaken global growth and fuel demand. USOIL shows some in-moment strength on RSI on 1-h chart, the price may rebound towards sma200 at 6,700.00. However, in long-term perspective, low oil price is expected. Eventually, the price may decline towards level of 6,000.00.
FOREXCOM:USOILShort
by ProfessorSingapore
Crude Oil Resumes Its WeaknessCrude oil rised and then fell sharply from above 78 dollars back in June, after tensions in the Middle East. The drop unfolded as an impulse into wave A, so even if this is just a counter-trend move down from 78, it still appears incomplete. After we recently spotted a corrective rally in wave B that nicely stopped at projected $70 resistance near 61,8% Fibo. retracement, we can now see it resuming lower within projected wave C towards 60-59 area at least, if not even lower.
NYMEX:CLU2025Short
by ew-forecast
USOIL declines for the 3 days in a row. What's next?USOIL declines for the 3 days in a row. What's next? Since the last post the USOIL has already declined on 2.5%, currently rebounding from SMA50 on 4-h chart. 2 main reasons are behind this. On August 3, the Organization of the Petroleum Exporting Countries and their partners, collectively known as OPEC+, decided to increase oil production by 547,000 barrels per day in September, the latest in a series of swift production boosts aimed at regaining market share. They cited a robust economic outlook and low inventories as the reasons for their decision. However, Friday NFP report may signal of a potential recession risk in the United States, the biggest oil consumer in the world. Here is what the Goldman Sachs writes down in x.com: "The decline in employment growth over the previous two months in the July report was one of the largest since 1960 and was accompanied by several months of similar revisions earlier. Corrections of this magnitude are extremely rare outside of the recession period." So, fundamentals don't favor oil and despite the current rebound from SMA50, there are low chances of developing some bullish momentum here. The pullback from 6,800.00 is expected with the following decline towards 6,500.00
FOREXCOM:USOILShort
by ProfessorSingapore
7
Oil at Key Support – Bounce or Breakdown?Crude oil is trading around $66.94, showing a bearish correction after failing to hold above $69.05. The chart shows price respecting an ascending channel but currently testing its lower boundary. The recent drop signals weakening bullish momentum, and a confirmed break below the channel could accelerate selling pressure toward lower levels. 📈 Potential Scenarios - Bullish Rebound: If price holds above the channel support (~$66.00–$66.50) and breaks back above $69.05, it may target $71.03 and possibly $72.00. - Bearish Breakdown: A confirmed close below $66.00 can accelerate the downside toward $65.00, with extended targets near $63.50–$62.00. 📊 Key Technical Highlights - Price rejected from the channel top and is now testing lower support. - Key resistance zones: $69.05 (immediate), $71.03 (major). - Key support zones: $66.00 (channel), then $65.00–$63.50 (breakdown targets). - Momentum indicators show weakening buying pressure, favoring cautious trading. 🔑 Key Levels to Watch - Resistance: $69.05 → $71.03 → $72.00 - Support: $66.00 → $65.00 → $63.50 🧭 Trend Outlook - A short-term relief bounce is possible, but failure to reclaim $69.05 keeps sellers in control. - Breaking below the channel would shift the overall outlook to bearish for August. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
ICMARKETS:XTIUSDShort
by SibiSh
Crude Oil setting up for a Long Trade to $78.40In the long term, Crude Oil is in a short position. We can see this from the red pendulum fork, which projects the price movement downward. However, in the short- to medium-term, we're long, as clearly illustrated by the white fork. Supporting the case for higher prices is the Hagopian signal that occurred on June 24, 2025. This essentially means that the market is expected to rise beyond the point it came from—specifically, the C-point of the red fork. The target would therefore be around $78.40 in the coming weeks or months, which does seem quite ambitious. But as long as price remains within the boundaries of the white fork, we're in an upward mode, and the potential profit target of $78.40 remains valid. Also, the fact that Crude Oil is finding support exactly at the L-MLH (Lower Median Line Parallel) of the white fork gives me further confidence in a long trade. Crude: Long and: Don't forget to watch the follow-up Video.
NYMEX:CL1!Long
by Tr8dingN3rd
Crude Oil Price Action & Pattern Analysis Bearish Wedge Breakdown: The price was consolidating in a descending triangle / wedge pattern. It has now broken below the wedge, suggesting potential bearish continuation. Key Support Zones: Immediate support near 68.60 - 68.80 (highlighted in blue). FOREXCOM:USOIL The break of the 68.60 level with a strong bearish candle would serve as confirmation of a Head and Shoulders (H&S) pattern , with solid bearish implications. Stronger support around 66.20 - 66.50 , which is a previous demand zone. Resistance Zone: The red zone around 69.40 - 69.50 represents a rejection area , and the price failed to break above it.
TVC:USOILShort
by SaklainManzoor
USOIL Technical Analysis – Black Mind Curve Breakout & Reversal🔍 Overall Market Context: The current USOIL structure is a great example of market shift from compression to expansion, characterized by a breakout of the Black Mind Curve followed by a measured impulse move. This chart is not just reacting technically, but it reflects how institutional smart money manipulates curves, breaks minor structures, and then retests zones to refill orders before continuing directionally. Let’s break the market psychology and price action phase by phase: 🔄 Phase 1: Black Mind Curve Breakout ✅ The Black Mind Curve represents long-standing supply pressure that had been capping price. Its breakout marks a shift in market intention, often signaling the end of a distribution phase and beginning of a possible accumulation or re-accumulation. Price broke above this curve cleanly with strong bullish candles, which also broke minor structure levels, confirming short-term bullish sentiment. The breakout was also backed by momentum and volume as the market pushed 130+ pips upward—an aggressive impulse that trapped late sellers below. 📉 Phase 2: Retracement to Interchange Zones Now, we’re in the retracement phase, where price is pulling back toward: 🔹 SR Interchange Zone ($66.80 - $67.30) This zone was previous resistance, now flipping to support. In MMC terms, this area is expected to serve as a refill zone where smart money will look to accumulate again after the breakout. We are watching for confirmation candles or MMC-style reversal patterns here (e.g., inside bar breakouts, demand imbalances). 🔹 Main Zone ($65.80 - $66.50) If the first zone fails, this is the next key demand base. It holds historical value from previous accumulation phases (see July 10–25) and aligns with the origin of the last impulse. Expect a sharper wick or deeper liquidity grab if price moves into this area. 📉 Phase 3: Final Defensive Zone – Major Support ($63.70 - $65.20) This zone marks the last line of bullish defense. A move here would mean the bullish structure is being reevaluated or absorbed by sellers. However, if price hits this level, it could also attract significant institutional demand, setting up for a more powerful long-term leg up. Reactions here are typically large and volatile, with a risk of fakeouts and fast reversals. 📈 Possible Scenarios (MMC Based Forecasting): ✅ Scenario 1 – Bullish Continuation (Primary Path) Price finds support inside SR Interchange Zone. Forms a base (MMC reversal structure) and pushes back to recent highs near $71. Breakout above $71 opens room for next supply zones between $72.50 - $74.00. ⚠️ Scenario 2 – Deeper Liquidity Grab Price breaks below SR Interchange and tests Main Zone for a deeper accumulation. A wick or shakeout may happen before bullish continuation. This trap zone could give the best R:R entry. ❌ Scenario 3 – Breakdown to Major Support If both zones fail and bearish pressure sustains, price may revisit Major Support. That would reset the bullish structure and require fresh MMC assessment. 🧠 MMC Logic at Work: The curve break symbolizes the shift from supply dominance to a possible demand-led phase. Minor structure breaks add fuel to trend shift and indicate participation from larger players. Retracements are not weaknesses—they are refills for those who missed the move. Smart money uses these zones and flips (SR interchanges) to hide in plain sight. 🎯 Key Takeaway for Traders: This is a textbook MMC setup that combines: Curve Breakout + Impulse Zone Retest + Interchange Logic Liquidity Engineering before Continuation Traders should remain patient and observe reactions at each zone. Don’t chase—wait for the market to reveal its hand via MMC entry signals (break-of-structure, bullish engulfings, imbalance fills, etc.)
TVC:USOILLong
by GoldMasterTrades
USOIL REACHED THE 6,900.00 SUPPORT LEVEL. WHAT'S NEXT?USOIL REACHED THE 6,900.00 SUPPORT LEVEL. WHAT'S NEXT? As we told July 31, the price got reversed towards first support level of 6,900.00. Market participants are waiting for the OPEC+ meeting this week, expecting a significant output hike. Currently, the price sits slightly above the support level. Although, the asset trades above this level, considering the current weakness of the asset, further decline is expected. The 6,800.00 support level is the next target here.
FOREXCOM:USOIL
by ProfessorSingapore
Crude Oil’s $70 Surge Still Faces 3-Year Channel ResistanceAlthough news points to a crude oil price surge, technical analysis indicates price cap risks remain within the borders of a 3-year descending channel. Should a clear hold emerge above the $70 barrier, the bullish rebound in price action from the $64.40 zone, in line with the weekly RSI’s rebound off the neutral 50 zone, may extend toward the channel’s upper boundary at $72.40, $74.40, and $77 in more extreme scenarios. A confirmed hold above the $77–78 zone may shift the primary trend away from bearish dominance and pave the way for longer-term bullish forecasts. On the downside, if a price drop results in a clean break below the $64 barrier, downside risks may extend toward the mid-zone of the long-standing channel, with potential support levels at $63.20, $61.80, and $59.70, respectively. Written by Razan Hilal, CMT
FOREXCOM:USOIL
by FOREXcom
1
Oil Trap Activated – Limit Orders Set for the Big Score💥🛢️Crude Oil Vault Breach Plan – DCA Heist Begins!🧨💰 🚨Asset: CL1! 📈Bias: BULLISH RAID MODE ON 🎯Target: $74.50 🛡️Stop Loss: $67.50 🔑Entry: ANY LEVEL – Thief stacking limit orders like layers of gold bars 💼⚖️ (DCA Mode Activated) 🕵️‍♂️Thief Trader is not chasing, we're ambushing 🧠 — scaling in smart with multiple limit traps. The crew never FOMOs, we trap the market 🎯. 💣This is a layered loot plan, not for weak hands. Watch how we load up quietly while market sleeps 😴, then hit hard when the vault cracks open 🔐. Support this heist by smashing that ❤️LIKE button 💬 Comment your plans below & join the real thief squad 🤝 Together we rob the market — LEGALLY & LOGICALLY #ThiefTrader #OilHeist #CL1 #BullishTrap #DCA #CrudeOilStrategy #SmartMoneyPlay #MarketRobbery #TeamLoot #NoRetailPanic
NYMEX:CL1!Long
by The-Thief
WTI remains supported on Russia sanctions threatIt is worth keeping an eye on the energy markets, given the recent bounce from a key support area around $65.00. With WTI moving back above the 200-day average at $68.00, this is an additional bullish sign from a technical standpoint. This level is now the first support to watch, followed by $67.00 and then that $65.00 key level. Resistance comes in at $70.00 followed by $72.80. From a macro point of view, President Trump’s decision to bring forward the deadline for Russia to agree to a ceasefire has ever so slightly heightened the prospect of secondary sanctions being imposed on foreign purchasers of Russian crude — namely China, India, and Turkey. There is a risk we could see a spike in oil prices, if fears of Russian supply being curtailed, intensifies. At the same time, fears about demand have receded with the announcement of a few trade deals by the US and recent economic data from Europe and the US both showing mild strength. By Fawad Razaqzada, market analyst with FOREX.com.
FOREXCOM:USOIL
by FOREXcom
CRUDE OIL Bullish Continuation! Buy! Hello,Traders! CRUDE OIL made a rebound From the support just as I predicted and the price Went further still and broke The key horizontal level Of 66.50$ and the breakout Is confirmed so we are Bullish biased and we will be Expecting a further bullish Move up! Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TVC:USOILLong
by TopTradingSignals
1
Market Analysis: Oil Prices Ease – Market Awaits Fresh CatalystMarket Analysis: Oil Prices Ease – Market Awaits Fresh Catalyst WTI crude oil is also down and remains at risk of more losses below $64.60. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI crude oil price continued to decline below the $66.00 support zone. - It traded below a connecting bullish trend line with support at $65.60 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 struggled to continue higher above $67.50. The price formed a short-term top and started a fresh decline below $66.00. There was a steady decline below the $65.80 pivot level. The bears even pushed the price below $65.00 and the 50-hour simple moving average. The price traded below a connecting bullish trend line with support at $65.60. Finally, the price tested the $64.75 zone. The recent swing low was formed near $64.73, and the price is now consolidating losses. On the upside, immediate resistance is near the $65.60 zone. It is close to the 50% Fib retracement level of the downward move from the $66.42 swing high to the $64.73 low. The main resistance is $65.80. A clear move above it could send the price towards $66.40. The next key resistance is near $67.50. If the price climbs further higher, it could face resistance near $70.00. Any more gains might send the price towards the $72.00 level. Immediate support is near the $64.60 level. The next major support on the WTI crude oil chart is near $63.20. If there is a downside break, the price might decline towards $60.00. Any more losses may perhaps open the doors for a move toward the $55.00 support zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
USOIL Analysis : MMC Bullish Setup Building on USOIL – Target🧠 Introduction & Trade Philosophy In today’s 4H USOIL chart analysis, we are at a critical decision-making zone, where price action is preparing to make a major move in either direction, based on the response to a central demand zone. We are applying the MMC Rule, which emphasizes mirroring supply-demand behavior and validating market moves through structural confirmation. The current price structure presents a classic MMC scenario, where price must either confirm a bullish double demand reaction or invalidate the setup by breaking the key zone and moving bearish. 📍 Chart Structure Explained 🔷 1. Central Reversal Zones (CRZs) There are two CRZs highlighted: The upper CRZ around 65.90–66.20, where price was previously rejected. The lower CRZ, where price is currently consolidating, is around 64.80–65.50. These zones are liquidity-rich areas where big players react—either by absorbing positions or driving directional moves. 🟢 2. Bullish Scenario – MMC Rule In Play (Path 1) "If we want it bullish, we want 50% supply and demand will be double according to MMC Rule" According to MMC, a bullish move must be confirmed by a strong reaction from demand, showing double the pressure of the last bearish move. Here's how that plays out: Price respects the lower CRZ, bouncing near the 65.00 mark. If this bounce gains momentum and breaks above the trendline resistance, the first target is the minor resistance at $69.00, followed by the major resistance zone near $70.50–$71.00. A retest of broken structure, followed by bullish continuation, is expected. This is marked with the white zigzag projection labeled as “1” on the chart. Watch for a clear higher high formation, which would indicate a shift in structure and validate bullish momentum. 🔻 3. Bearish Scenario – Breakdown Confirmation (Path 2) "If it breaks, USOIL will go bearish" If price fails to hold the current demand and closes below $64.80–64.50, it signals that demand has been absorbed, and MMC reversal has failed. In that case: A clean breakdown below the demand zone will confirm bearish control. The next downside target becomes $62.00, as labeled “2” on the chart. The downward move is likely to follow a steep path as marked with the sharp downward trendline extension, especially if supported by volume and news catalysts. 🔄 Mirror Concept Highlight – Ellipse Area The ellipse shape on the chart marks a previous compression zone followed by a breakout. This area represents an imbalance in supply that led to a sell-off. The MMC principle suggests the market tends to mirror these zones—if that was previous supply, and the current demand zone mirrors its positioning and structure, we can anticipate a similar reaction, but to the upside. This is where the "50% double reaction" rule comes in—demand needs to show twice the strength to overcome the previous sell-side pressure. 🔧 Technical Levels Summary Zone Type Price Range Notes Major Resistance 70.50 – 71.00 Final target if bullish scenario plays out Minor Resistance 68.80 – 69.20 First bullish checkpoint Upper CRZ 65.90 – 66.20 Key structure to break for bulls Lower CRZ (Support) 64.80 – 65.50 Demand base for bullish setup Bearish Target Zone 62.00 – 61.80 Projected zone if support breaks 🧭 Trader’s Mindset & Risk Notes (MMC Style) Wait for clear confirmation and price behavior near the CRZs before entering. Use trendline breaks, candlestick confirmation, and volume to validate direction. Avoid guessing the direction—let price tell the story. Stick to MMC rules: No confirmation, no position. ✅ Bullish Criteria Checklist: ✔️ Price respects lower CRZ ✔️ Breakout above trendline ✔️ Closes above $66.20 ✔️ Higher highs + strong bullish candles ✔️ MMC Double Demand Reaction Confirmed ❌ Bearish Breakdown Triggers: ❌ Breaks below $64.50 ❌ Weak bounce + lower highs ❌ Volume increases on downside ❌ Clean breakdown structure 🚀 Trade Plan & Outlook We’re now at a critical zone where market sentiment will soon be clear. Based on your MMC analysis, the bias remains bullish as long as price holds above $64.80. Be patient and let the setup complete with structure confirmation. This is not just a technical play—it's a psychological zone, where institutional traders also make decisions. Follow the MMC logic and react with confirmation.
TVC:USOILLong
by GoldMasterTrades