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Oil

Chevron: The Chart’s Reaching a Critical PointChevron is starting to look very interesting again — but let’s be clear from the start: Chevron, like every oil giant, lives and dies by the price of oil. If oil rips higher or collapses due to global politics, supply shocks, or economic chaos, Chevron NYSE:CVX follows. No exceptions. That said, what we’re seeing on the chart right now is increasingly pointing toward a deeper correction — specifically down to the $113–$100 zone. That would make sense structurally as a Wave 4 retracement. But there’s a technical nuance here. Wave 1’s high sits at $103 — and depending on how strict your Elliott Wave rules are, Wave 4 dipping into Wave 1 is bad territory. Personally, I’m okay with a brief touch into that range, but I don’t want to see price hanging around below $103 for long. From a trend perspective, we’re clearly in a downward channel. We just saw a textbook bull trap: Chevron broke out with a solid +7% move over two weeks, Followed immediately by a massive 22% drop, One of the sharpest two-week declines since — yeah — March 2020, pandemic levels. Now, price is hovering around $130, and the setup is simple: If this level holds, great — maybe we’re bottoming. If it breaks, I’m looking to buy between $113 and $100. That’s where the structure aligns, the volume kicks in, and risk/reward starts to make sense again. So here’s the real question: Do we see $200 first — or $100? I’m leaning $100 first. Not because I’m bearish long-term— but because that level would clean up the chart, shake out the noise, and give us a real shot at riding the next strong leg higher with conviction. Would love to hear what you think — where’s your bet?
NYSE:CVXLong
by stromm
WTI crude about to resume lower?WTI formed a large bearish engulfing candle on its daily chart yesterday near the key $65 resistance level. Was that an indication that prices have ended their corrective bounce? Time will tell, but today's oil prices have bounced back. With the trade uncertainty in the background, demand concerns remain high. So, I wouldn't be surprised if prices were to resume lower from here. The trend is clearly bearish with the moving averages all pointing lower, not to mention the lower highs and lower lows. If the selling resumes, watch for possible bounces at the next key round handles like $62, $61 and $60. But there is always the possibility of a sweep below this month's earlier lows if macro concerns intensify. Meanwhile, the bullish idea is off the table for me for now until we see some progress in US-China trade talks at least, or if prices show a major bullish reversal signal. By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:USOIL
by FOREXcom
Crude oil: Narrow oscillation, awaiting breakoutFrom the perspective of the daily chart of crude oil, the moving average system of the medium-term trend is arranged downward, and the objective direction of the medium-term trend is downward. After the oil price touched the low point of 55.20, there has been frequent alternation between long and short positions. In the medium term, the bearish momentum is accumulating, and it is expected to further decline to the level of 50 in the later stage. In the short term (1-hour chart), the trend of crude oil dropped after hitting strong resistance near 64.90, and the decline has retraced the gains of the previous three trading days. The fast and slow lines of the MACD are within the bearish momentum area, indicating that the downward momentum is abundant. Judging from the primary and secondary rhythms, the decline in the North American market yesterday formed a downward rhythm of the main trend. The oil price rebounded weakly in the early trading session, which is a secondary rhythm. According to the law of alternation between primary and secondary rhythms, it is expected that crude oil will continue to decline today, break below the support at 61.50, and test the level of 60. Overall, in terms of the trading idea for crude oil, it is recommended to mainly go short on rebounds and supplement with going long on pullbacks. In the short term, pay attention to the resistance level at 63.5-64.0, and in the short term, pay attention to the support level at 61.5-61.0. Investment itself doesn't carry risks; it's only when investment is out of control that risks arise. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
TVC:USOILLong
by CyberFinMagus
Primary and secondary rhythm: sudden drop in crude oil pricesLast week, OPEC announced a new compensation plan to offset previous overproduction. Under the plan, eight affected countries plan to reduce production by a total of 457,000 barrels per day by mid-2026, failing to sustain a short-term rise in oil prices. Crude oil's short-term trend hit strong resistance near 64.90 and fell, with the decline erasing the gains of the previous three trading days. The MACD fast and slow lines remain within bearish momentum, indicating abundant downward momentum. From the perspective of primary and secondary rhythms, the decline in the North American market yesterday formed a primary downward trend, while the weak rebound in early trading today represents a secondary rhythm. According to the law of primary-secondary alternation, crude oil is expected to continue to decline today, breaking below the 61.50 support level and testing 60. USOIL sell@62.8-63.3 tp:61.5-61 I hope this strategy will be helpful to you. When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
TVC:USOIL
by H_C_12
Crude oil---sell near 64.00, target 63.00-62.00Crude oil market analysis: Recently, crude oil has been running up. Yesterday, the daily line had a technical retracement under the pressure of 65.00. Today, we are still bearish. Let's continue to sell when it rebounds. There is still a lot of room for crude oil to fall. Today's crude oil rebounded near 64.00 and sold. If it breaks below 60.00, it will open up a new space for a big drop. The recent data and fundamentals of crude oil are suppressing it. Buy today and expect a big rebound. Operational suggestions: Crude oil---sell near 64.00, target 63.00-62.00
NYMEX:CL1!Short
by Toml1314
April 25, 2025 - Trump’s Tango, Tech, and Insider DramaHello everyone, it’s April 25, 2025. We’re closing in on Trump’s 100-day mark back in the White House, and if there’s one word to sum up his impact on markets: chaos. With 137 executive orders signed already, he’s turned global markets into a high-stakes rollercoaster though this week saw signs of recovery, confidence remains fragile, and volatility is still running the show. The main trigger? You guessed it: Trump and his tariff diplomacy. After weeks of U-turns, threats, and NYSE:TWTR meltdowns, he’s finally announced that talks with China have begun. That was enough to send the AMEX:SPY up 2%, pull the CME_MINI:NQ1! out of correction territory (+2.74%), and ignite a 5.63% jump in the Philadelphia Semiconductor Index, even though it’s still miles below its all-time high. OANDA:XAUUSD is sitting at $3,332, BLACKBULL:WTI hovers around $63.21, and INDEX:BTCUSD has skyrocketed to $93,200. Not bad for a week that started in total disarray. Now here’s where things get fishy: US indices started climbing before Trump’s announcement—classic “somebody knew something.” Insider trading? Just your average Thursday. And while Trump claims talks are underway, the Chinese side played coy, denying any ongoing negotiations. Either someone’s lying, or the talks are happening over dim sum in DC. Beyond geopolitics, NASDAQ:GOOG crushed earnings expectations and added a juicy dividend and GETTEX:70B in buybacks, exploding 6% after-hours. Meanwhile, NASDAQ:INTC flopped—flat profits, poor outlook, and a CEO trying to turn cost-cutting into a growth story. The market wasn’t buying it: down 5.7% after-hours. NYSE:NOW , though, is living its best life. Strong results, AI momentum, and federal contracts boosted shares 15%. Other names like NASDAQ:PEP , NYSE:PG , and NASDAQ:AAL warned on the future thanks to—you guessed it—political and economic uncertainty. On the macro front, ECONOMICS:USIJC (US jobless claims) ticked higher, inflation seems to be cooling, and if next week’s PCE and employment data confirm the slowdown, the Fed might just blink and cut rates in May. Market hopes are pinned on Powell holding steady—unless, of course, Trump decides to live-tweet through it. Futures are up 0.37% ( CME_MINI:ES1! ) this morning, signaling optimism—possibly misplaced—in Trump’s “friendly” overtures toward China. Let’s just say we’re one golf game away from another market tantrum. Enjoy your weekend, stay alert, and cross your fingers for a quiet Sunday tweet-wise.
CME_MINI:ES1!
by SmartApingAI
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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTILong
by TradingShot
"US Oil Spot / WTI" Energy Market Heist Plan (Scalping/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "US Oil Spot / WTI" Energy Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is to escape near the high-risk MA Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on! however I advise to Place buy limit orders within a 15 or 30 minute timeframe nearest or swing low or high level for pullback entries. Stop Loss 🛑: 📍 Thief SL placed at the recent/swing low level Using the 3H timeframe (60.50) Day/Scalping trade basis. 📍 SL is based on your risk of the trade, lot size and how many multiple orders you have to take. 🏴‍☠️Target 🎯: 68.70 💰💵💴💸"US Oil Spot / WTI" Energy Market Heist Plan (Day / Scalping Trade) is currently experiencing a bullishness🐂.., driven by several key factors.☝☝☝ 📰🗞️Get & Read the Fundamental, Macro Economics, COT Report, Seasonal Factors, Intermarket Analysis, Inventory and Storage Analysis, Future trend targets with targets... go ahead to check 👉👉👉🔗🔗 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
TVC:USOILLong
by Thief_Trader
Oil on high time frame "Regarding WTI oil, the price trend on high time frames is bearish, especially on the daily chart. After completing its pullback on the 4-hour chart, there are indications of further downside potential. The market's volatility may be influenced by geopolitical tensions and political factors between Iran and the USA, as well as tariff issues. Despite these fluctuations, candle formations suggest the potential for prices to drop towards the $58 zone." If you require more assistance or have any specific questions, feel free to ask!
OANDA:WTICOUSDShort
by somayehbasiri