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Oil(wti)

WTI CRUDE OIL: Going for a LH rejection. Sell signal.WTI Crude Oil is practically neutral on its 1D technical outlook (RSI = 55.991, MACD = 0.160, ADX = 24.748) as it's on the 3rd straight day of flat consolidation on the 1D MA50. The last time it did this was on April 2nd, which resulted in a LH rejection to the S1 level. As the presence of the R1 level (64.90) is just above, we expect the market to get rejected and aim for the S1 again (TP = 56.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
WTI OIL The perfect scalping Rectangle.WTI Oil (USOIL) has been trading within a 3-week Rectangle pattern since the May 13th High and yesterday it got rejected on its top. This is a technical sell signal, with it natural target being the bottom of the pattern at $60.70. ------------------------------------------------------------------------------- ** 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:WTIShort
by TradingShot
Hellena | Oil (4H): SHORT to support area of 58.00.Colleagues, the previous forecast did not meet expectations for too long, and the price has been in a prolonged sideways movement. In this regard, I decided to slightly revise the waves and make a new forecast. At the moment, I believe that the price will resume its downward movement in the medium-term wave “3.” The complex configuration of the correction makes it difficult to fully understand whether it is a combined correction or a five-wave movement. In either case, I expect the price to reach the support area of 58.00. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
15
WTI CRUDE OIL: Repeated rejections on the 1D MA50.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 46.483, MACD = -0.530, ADX = 16.270) as it is trading sideways for the past 2 weeks, unable however to cross above the 1D MA50, which along with the LH trendline, keep the trend bearish. Sell and aim for thr S1 level (TP = 56.00). Emerging Bearish Cross also on the 1D MACD. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
OPEC Countdown: Inverted H&S Signals Potential Oil Price Rise🧭 Market Context – OPEC in Focus As Crude Oil Futures (CL) grind in tight consolidation, the calendar reminds traders that the next OPEC meeting takes place on May 28, 2025. This is no ordinary headline event — OPEC decisions directly influence global oil supply. From quota adjustments to production cuts, their moves can rapidly shift price dynamics across energy markets. Every tick in crude oil reflects not just current flows but also positioning ahead of such announcements. OPEC — the Organization of the Petroleum Exporting Countries — coordinates oil policy among major producers. Its impact reverberates through futures markets like CL and MCL (Micro Crude), where both institutional and retail traders align positions weeks in advance. This time, technicals are speaking loud and clear. A compelling bottoming structure is taking shape. The Daily timeframe reveals an Inverted Head and Shoulders pattern coinciding with a bullish flag, compressing into a potential breakout zone. If momentum confirms, CL could burst into a trend move — just as OPEC makes its call. 📊 Technical Focus – Inverted H&S + Flag Pattern Price action on the CL daily chart outlines a classic Inverted Head and Shoulders — a reversal structure that traders often monitor for high-conviction setups. The neckline sits at 64.19, and price is currently coiled just below it, forming a bullish flag that overlaps with the pattern’s right shoulder. What makes this setup powerful is its precision. Not only does the flag compress volatility, but the symmetry of the shoulders, the clean neckline, and the breakout potential align with high-quality chart pattern criteria. The confirmation of the breakout typically requires trading activity above 64.19, which would trigger the measured move projection. That target? Around 70.59, which is near a relevant UFO-based resistance level — a region where sellers historically stepped in with force (UnFilled Orders to Sell). Importantly, this bullish thesis will fail if price drops below 60.02, the base of the flag. That invalidation would potentially flip sentiment and set up a bearish scenario with a target near the next UFO support at 53.58. To properly visualize the dual scenario forming in Crude Oil, a multi-timeframe approach is often very useful as each timeframe adds clarity to structure, breakout logic, and entry/exit positioning: Weekly Chart: Reveals two consecutive indecision candles, reflecting hesitation as the market awaits the OPEC outcome.   Daily chart: Presents a MACD bullish divergence, potentially adding strength to the reversal case. Zoomed-in 4H chart: Further clarifies the boundaries of the bullish flag. 🎯 Trade Plan – CL and MCL Long/Short Scenarios ⏫ Bullish Trade Plan: o Product: CL or MCL o Entry: Break above 64.19 o Target: 70.59 (UFO resistance) o Stop Options: Option A: 60.02 (tight, under flag) Option B: ATR-based trailing stop o Ideal for momentum traders taking advantage of chart pattern combined with fundamental data coming out of an OPEC meeting ⏬ Bearish Trade Plan: o Trigger: Break below 60.02 o Target: 53.58 (UFO support) o Stop Options: Option A: 64.19 (tight, above flag) Option B: ATR-based trailing stop o Ideal for momentum traders fading pattern failures ⚙️ Contract Specs – CL vs MCL Crude Oil can be traded through two futures contracts on CME Group: the standard CL (WTI Crude Oil Futures) and the smaller-sized MCL (Micro WTI Crude Oil Futures). Both offer identical tick structures, making MCL a powerful instrument for traders needing more flexibility in position sizing. CL represents 1,000 barrels of crude per contract. Each tick (0.01 move) is worth $10, and one full point of movement equals $1,000. The current estimated initial margin required to trade one CL contract is approximately $6,000 per contract, although this may vary based on market volatility and brokerage terms. MCL, the micro version, represents 100 barrels per contract — exactly 1/10th the size of CL. Each 0.01 tick move is worth $1, with one point equaling $100. The estimated initial margin for MCL is around $600, offering traders access to the same technical setups at significantly reduced capital exposure. These two contracts mirror each other tick-for-tick. MCL is ideal for: Testing breakout trades with lower risk Scaling in/out around events like OPEC Implementing precise risk management strategies Meanwhile, CL provides larger exposure and higher dollar returns but requires tighter control of risk and account drawdowns. Traders can choose either—or both—based on their strategy and account size. 🛡️ Risk Management – The Foundation of Survival Technical setups don’t make traders profitable — risk management does. Before the OPEC meeting, traders must be aware that volatility can spike, spreads may widen, and whipsaws can invalidate even the cleanest chart pattern. That’s why stop losses aren’t optional — they’re mandatory. Whether you choose a near level, a deeper stop below the head, or an ATR-based trailing method, the key is clear: define risk before entry. MCL helps mitigate capital exposure for those testing breakout confirmation. CL demands higher margin and greater drawdown flexibility — but offers bigger tick rewards. Precision also applies to exits. Targets must be defined before entry to maintain reward-to-risk discipline. Avoid adding to losers or chasing breakouts post-event. And most importantly — never hold a losing position into an event like OPEC, hoping for recovery. Risk is not a gamble. It’s a calculated variable. Treat it with respect. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
NYMEX:CL1!Education
by traddictiv
WTI OIL Buy and sell levels within its Channel Down.WTI Oil (USOIL) has been trading within a Channel Down pattern on the 1D time-frame. The price is now rising having priced its most recent technical Lower Low. Every Lower High rejection happened either on or above the 1D MA200 (orange trend-line). With the current rebound looking similar to September - October 2024, we expect a 0.786 Fib and 1D MA200 test at $68.50 (buy) and then reversal to a minimum -17.30% decline to $57.00 (sell). ------------------------------------------------------------------------------- ** 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:WTI
by TradingShot
1
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 $65 area. By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:USOIL
by FOREXcom
CRUDE OIL Bullish Breakout! Buy! Hello,Traders! CRUDE OIL is making a bullish Correction from the lows and The price made a bullish Breakout of the key horizontal Level of 60.10$ then made a Retest and a rebound so we Are bullish biased and we will Be expecting a further bullish Continuation on Monday Buy! 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
Oil Analysis: WTI Approaches the $60 Level AgainOver the past two trading sessions, oil has gained more than 4.5%, and is once again approaching the psychological barrier of $60 per barrel. This recent bullish movement persists despite OPEC+’s clear stance on increasing supply in June and the International Energy Agency’s (IEA) cautious outlook on global oil demand for the remainder of the year. As such, it appears that oil prices are currently benefiting from improving market sentiment, particularly as investors await the outcome of the upcoming U.S.–China trade negotiations. Persistent Bearish Trend Since mid-January, oil has maintained a steady downtrend, and so far, minor bullish retracements have not been strong enough to signal a meaningful reversal. Therefore, this downward technical formation remains the dominant structure to monitor in upcoming trading sessions. RSI The Relative Strength Index (RSI) continues to hover around the 50 level, indicating a sustained balance between bullish and bearish momentum. As long as this equilibrium remains, a neutral bias could dominate short-term price movements. ADX The Average Directional Index (ADX) remains close to the 40 mark, though the line has recently begun to flatten. This could be interpreted as a sign of weakening trend strength in the short term, likely due to the price currently testing a significant resistance zone. Key Levels to Watch: $60 – Nearby resistance: A short-term psychological level. A break above this zone could reactivate a bullish bias and potentially lead to the formation of a new short-term uptrend. $63 – Main resistance: Aligned with the 50-period moving average. Sustained price action above this level could challenge the prevailing long-term bearish structure. $57 – Nearby support: A zone that matches recent multi-week lows. A drop below this level could reinforce bearish momentum and provide more room for the current downtrend to extend. Written by Julian Pineda, CFA – Market Analyst
FOREXCOM:USOIL
by FOREXcom
WTI OIL Bearish Cross confirming more selling ahead.WTI Oil (USOIL) has been trading within a Channel Down pattern since the December 06 2024 Low. The last Bearish Leg started on a 1D MA200 (orange trend-line) rejection and was confirmed with a 1D MACD Bearish Cross 3 days after. At the moment we have had a 1D MA50 (blue trend-line) rejection and today we will complete a new 1D MACD Bearish Cross. As a result, we almost have a new sell confirmation. Once completed, sell and target $53.50 (-19% from the point of the rejection). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTIShort
by TradingShot
Habibi, the Price is Right at 70-79$Habibi, the Price is Right Post Content (with emojis version of title at the top): 🤝🛢️ Habibi, the Price is Right at 70–79$ 💸🎯 The Call That Never Happened (But Might Have) 📞 I was just updating my crude oil chart when suddenly… my phone rang. No caller ID. I answered. And somehow— I was patched into a live call between: 🍊🦅 Trump and 🌴👑 the King of Saudi Arabia. They mistook me for a translator. So naturally, I stayed on the line. Here’s how the oil market actually got settled... 🍊🦅 Trump: “Hello? Who is this? I have the best phone security. The Chinese can’t hack it. Nobody can.” 🌴👑 King: “Donald, ya’ani... it’s me!” 🍊🦅 Trump: “Me who? I know the most people, you sound like an immigrant, do you have a visa?” 🌴👑 King: “Your King of Saudi Arabia, habibi! Your favorite oil guy! I can afford all the Visas and Mastercards!” 🍊🦅 Trump: “My King! My favorite King, my guy, what a Tremendous timing. Oil prices are way too high. I need cheap oil to start my tariff wars again! ” 🌴👑 King: “Habibi, we said $88! We need to fund flying taxis and desert ski slopes. The Line isn’t building itself, ya’ani.” 🍊🦅 Trump: “But I gave you the PGA Tour! LIV Golf is huge ! You’re welcome.” 🌴👑 King: “ Mashallah , yes... but we paid this Tiger Woods $800 million just to say no. Wallah , that’s expensive rejection, Donald.” 🍊🦅 Trump: “That’s nothing my King. Peanuts. Melania’s token did better than that. Peanuts my King, peanuts for the camels. What about $76?” 🌴👑 King: “Cristiano Ronaldo costs $200M a year! And he wants an oasis with seven pools! And now we want Messi from Miami and Ronaldinho. Mashallah! ” 🍊🦅 Trump: “I need lower gas prices my King or I can’t revive the economy! And you made Messi cry in the World Cup, my King — not my fault. You kicked his ass, not my fault..I need to check on his visa if he is legally in my great country (again) or i will send him to El Salvador and you can get him cheap from there” 🌴👑 King: “Inshallah. But we’re also building a ski slope in the desert. With real snow. We need $88.88 oil Donald! 88$ minimum” 💙🧠 FXPROFESSOR: “Uh... sorry to interrupt... I don’t know how I got on this call... but I think I can help. I understand charts.” 🍊🦅 Trump: “Who is that?!I know the voice, who is that?” 💙🧠 FXPROFESSOR: “I’m the FXPROFESSOR. And I might have a solution for you. It’s called… The Compromise Zone. ” 🌴👑 King: “Ya’ani… go on.” 💙🧠 FXPROFESSOR: “$70–79. That’s where the technicals align. Trump gets a few more months below that, help him with low oil for inflation until he can deal with Powell, then you two take it sideways in that range 70-79$ and you get stability for The Line, the AI and all the great things the Kingdom is working on.” 🍊🦅 Trump: “I know the Professor! I follow him on TradingView. Genius. Huge brain. One of the best brains. I bought Ethereum at 4400$ because of him and I'm down 60% but it's ok..peanuts, great guy the Professor, great guy” 🌴👑 King: “Inshallah. But we still have losses. Ya’ani... Donald, how do we cover them? And how did this guy get on our call habibi” 🍊🦅 Trump: “Easy King, it's easy! We launch a Great meme coin together, me and you, the greatest token in the world. We call it — $KINGOFARABIA —meme token, we Pump it on Solana. We'll pump it like you pump Oil. Gonna be Great, we will Cover the gap my King.” 🌴👑 King: “We tried blockchain before. Royal IT guy lost the wallet. Had to… correct the situation. Plus i also invested on Ethereum Donald, Solana is for the kids and the stuff” 🍊🦅 Trump: “Let's find a solution my King and i will do this for you: I’ll send Jerome Powell. A gift. Let him run your rates. Take him for free (please take him)” 🌴👑 King: “Jerome is good for my country, he is so cold he will make the temeratures drop 2 degrees, ok we take him but One more thing Donald… I want Taylor Swift at my nephew’s wedding? And please she comes dressed properly and act respectfully” 🍊🦅 Trump: “Done. Nobody says no to me. Except from the Feds, the Europeans, the Japanese, Canada and the penguins i taxed by accident. But that's ok, we make America Great again. I will send you the new Trump memorabilia collection, the best MAGA t-shirt for you my King. It's still made in China but it's soon to be made here at home, soon. ” 🌴👑 King: “Wait Donald! I just remembered.. Also... we want UFC in Riyadh, for ever! Big events. I want Dana White to agree and i want a podcast with Josh Rogans.” 🍊🦅 Trump: “I’ll talk to Joe Rogan, great guy Joe. I’ll call Dana. Maybe Khabib makes a comeback. I know fighters. Strong fighters. Big ratings. They love me. They love you too my King” 📉 And that’s how oil found balance between memes, monarchs, and macro. 📊 Chart Insights – USOIL 12h ❌ $93 = clear rejection 🟦 Compromise Zone: $70–79 🟢 $88 = Saudi’s macro target 🔻 $70 = Trump’s inflation floor 🔄 Consolidation expected unless OPEC or Powell shift the game 💬 What do you think? Are we just memeing the macro? Or is this really how the oil market works in 2025? One Love, The FXPROFESSOR 💙🧠 Disclaimer: This is a fictional satire written for entertainment and educational purposes. Any resemblance to real negotiations is purely… coincidental. The chart is real, though — and so is the technical compromise. Special Salam and much love to my friends in Saudi Arabia 🇸🇦 — the most wonderful people I’ve met in the world.The image is not of the new King but that's ok, great image.It's great! ❤️
TVC:USOILLong
by FX_Professor
9
Analysis of the BRENT chart with expectations for 2025-2026◽️Technically, all conditions for the completion of the second wave correction have been met, and now quotes can be safely reversed up. However, current events in the global economy do not yet provide grounds for confidently asserting this. Locally, the price may still be driven down to $50 per barrel and even slightly lower. One way or another, it is important to understand a simple thing: everything below $70 per barrel should be seen as an opportunity to buy oil and everything related to it cheaply. ◽️According to my estimates, there is probably still time for deliberation on purchases until the end of spring. But further, from the beginning of summer, I expect a sharp rise in prices amid the escalation in the Middle East. From above, in the $100-150 range, growth will likely be contained for some time, which will be interpreted as the formation of sub-waves (i)-(ii), where after sharp rise in the first sub-wave from approximately $50-60 to $120-130, a local correction will follow within the second sub-wave. ◽️The growth period may take 3-6 months, and the correction to it another 2-4 quarters, and then a breakout of the $120-150 resistance zone and further "to the moon" in the third waves is expected. 🙏 Thank you for your attention and 🚀 for the idea. ☘️ Good luck, take care! 📟 See you later.
OANDA:BCOUSDLong
by T_A_R_A_S
WTI - Will Iran return to the group of oil producers?!WTI oil is below the EMA200 and EMA50 on the 4-hour timeframe and is moving in its medium-term descending channel. If the correction towards the supply zone continues, the next oil selling opportunity with a suitable reward for risk will be provided for us. In this direction, with confirmation, we can look for oil buying transactions. The U.S. Energy Information Administration (EIA), in its latest report, has downgraded its forecasts for oil and natural gas production, consumption, and prices for 2025 and 2026, while warning about the uncertain outlook of the energy market amidst economic volatility and escalating trade tensions. According to the updated estimates, U.S. crude oil production in 2025 is expected to reach 13.51 million barrels per day, down from the previous forecast of 13.61 million barrels. For 2026, the figure has been revised to 13.56 million barrels per day, a reduction from the earlier 13.76 million forecast. Monthly data shows average U.S. oil output stood at 13.44 million barrels per day in April and 13.55 million in March, with similar levels expected in May. Globally, EIA projects oil production in 2025 to be around 104.1 million barrels per day, slightly down from the earlier estimate of 104.2 million. For 2026, the revised figure stands at 105.3 million barrels per day compared to the previous 105.8 million. On the demand side, global oil consumption forecasts have also been reduced. In 2025, demand is now estimated at 103.6 million barrels per day instead of 104.1 million, and for 2026 it is projected at 104.7 million barrels per day, down from the prior estimate of 105.3 million. Regarding natural gas, the EIA reports that average U.S. gas production in April will be around 115 billion cubic feet per day, slightly lower than the 115.3 billion cubic feet reported in March. May’s forecast stands at 115.4 billion cubic feet. Demand has also dipped, with estimates for 2025 now at 91.2 billion cubic feet per day (down from 92), and for 2026 at 90.5 billion (previously 91.1). In terms of pricing, EIA has made significant downward revisions. The average price of West Texas Intermediate (WTI) crude oil is now forecast to be $63.88 per barrel in 2025, compared to the earlier $70.68. For 2026, this drops further to $57.48. Brent crude is now estimated at $67.87 for 2025 and $61.48 for 2026, both notably lower than prior projections. One key highlight from the report is EIA’s warning about high volatility in major commodity prices, especially crude oil. The agency underlined that reciprocal tariffs between China and the U.S. could heavily impact markets, particularly the propane sector. EIA noted that U.S. liquefied natural gas (LNG) exports are likely to remain resilient despite trade disputes. This is attributed to strong global demand and the flexible nature of U.S. export contracts, which allow unrestricted shipments to multiple destinations. However, when it comes to oil and petroleum products, the agency maintained a more cautious tone, emphasizing that recent shifts in global trade policies and oil production patterns may slow the growth of demand for petroleum-based products through 2026. Altogether, the downward revisions by the EIA carry a clear message: the energy market outlook over the coming years is fraught with uncertainty. From supply and demand to pricing, political and economic forces such as trade wars and potential global recessions are expected to play decisive roles. Meanwhile, according to Reuters, after U.S. President Donald Trump once again threatened military action if Tehran refuses to agree to a nuclear deal, a senior Iranian official responded by warning that Iran may halt its cooperation with the U.N.’s nuclear watchdog. Reports indicate that American and Iranian diplomats will meet in Oman on Saturday to begin talks on Tehran’s nuclear program. Trump stated that he would have the final say on whether the negotiations are failing, which could place Iran in a highly dangerous position. Ali Shamkhani, a senior adviser to Iran’s Supreme Leader, posted on X (formerly Twitter) that ongoing foreign threats and the looming threat of military confrontation could lead to deterrent actions such as expelling International Atomic Energy Agency (IAEA) inspectors and cutting ties with the agency.He also mentioned that relocating enriched uranium to secure, undisclosed locations within Iran may be under consideration
TVC:USOILLong
by Ali_PSND
WTI Continues Sharp Decline and Enters Oversold TerritoryOver the past five trading sessions, oil prices have dropped more than 17% , with WTI crude falling below the $60 per barrel mark. This move reflects ongoing market uncertainty, as investors expect the new trade war to significantly weaken oil demand in the coming months. As long as confidence remains in a fragile zone, downward pressure on oil prices is likely to persist. Break of the Sideways Channel In recent weeks, a key sideways channel that had held since November 2023 has been broken. This shift could alter the neutral outlook that has dominated the oil market in the long term and now points toward seller dominance. As price movements stabilize, a stronger bearish trend may begin to develop in the short term. Oversold Conditions Appear RSI: The RSI line is currently holding below the 30 level, which signals oversold conditions on the indicator. This suggests that while bearish pressure has been dominant, the market may be entering an early stage of exhaustion, potentially opening the door for short-term bullish corrections. Bollinger Bands: The price has completely broken through the lower Bollinger Band, indicating that it has moved beyond two standard deviations from the mean. This reflects high volatility and could signal a pause in selling momentum. In turn, it may lead to potential rebound zones forming soon. Key Levels: $58 – Near Support: This is the most important short-term barrier, aligning with multi-year lows not seen since 2021. Continued selling below this level could reinforce the current bearish bias. $66 – Near Resistance: This level marks the lower boundary of the former sideways channel. It may act as a potential zone for bullish corrections in the short term. $73 – Distant Resistance: This level aligns with the 200-period moving average. Price action approaching this area could reactivate the previously abandoned uptrend. By Julian Pineda, CFA – Market Analyst
FOREXCOM:USOIL
by FOREXcom
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
FX:USOILShort
by Raul_Dominguez
Hellena | Oil (4H): SHORT to support area 65.268.We need to talk about one important nuance. Many people ask “Hellena, you say you can't buy oil, but it's going up. Well, it is, yes. But all my data and wave markings suggest that the price will soon start a downward movement. There are major changes in geopolitics and I am not in a position to stop them. I just set a stoploss and wait for the trade that will bring me profit. Now coming to the forecast, I think that the downward movement will start soon, but before it, the price may rise quite high, maybe even to the area of 74.000. But the main direction is the support area of 65.268. There are 2 possible ways to enter the trade: 1) Entry at market price. 2) Limit pending sell orders if the price starts an upward movement to the area of 74.484. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
19