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WTI Crude Oil (USOIL) – Bearish Momentum Below $70.49 WTI Crude Oil (USOIL) Analysis – February 24, 2025 WTI Crude Oil is currently trading at $70.18, and as long as the price trades below $70.49, the bearish momentum remains dominant. 🔻 Bearish Scenario (Active) ✅ The price failed to reclaim the pivot zone at $71.78, leading to continued selling pressure. ✅ A confirmed break below $70.49 indicates a potential drop toward $68.53 and $67.03 as the next bearish targets. ✅ The monthly support trendline around $67 - $68 will act as a key level to watch for a potential reaction. 🔹 Bullish Reversal (Invalid Unless Above $71.78) ⚠️ If the price closes above $71.78, we could see a potential pullback toward $72.72 and $75.00. ⚠️ However, the trend remains bearish while trading below $70.49, meaning any bullish movements will likely be corrective bounces rather than a full reversal. 📌 Key Levels to Watch 🔹 Resistance Levels: $71.78 | $72.72 | $75.00 🔹 Pivot Zone: $70.49 🔹 Support Levels: $68.53 | $67.03 | $66.20 🚨 Directional Bias: Bearish as long as the price stays below $70.49. Expect further downside pressure toward $68.53 - $67.03.
TVC:USOILShort
by SroshMayi
WTI on high time frame "Hello traders, focusing on WTI, the price has hit the daily order block at $73.5 and experienced a strong rejection on the 4-hour chart. The price has broken below the trend line and is indicating potential downward movement during the Asian session today. It's important to note that there is a CPI news release during the U.S. session today, so exercise caution in your trading decisions." If you have any specific questions or need further assistance with your message, feel free to ask!
OANDA:WTICOUSDShort
by somayehbasiri
WTI Oil H1 | Bearish momentum gaining further tractionWTI oil (USOIL) could pull back towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 70.89 which is a pullback resistance. Stop loss is at 71.35 which is a level that sits above the 38.2% Fibonacci retracement and a swing-high resistance. Take profit is at 70.11 which is a multi-swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILShort
by FXCM
USOIL (WTI)USOIL Technical Analysis – Key Support and Resistance Levels USOIL (WTI Crude Oil) is currently trading near a strong support level at $70.00. This level has acted as a significant price floor, preventing further declines and indicating strong buying interest. The recent price action suggests a potential bullish move if the support holds. Bullish Scenario: If the price remains above $70.00, we can expect an upward movement toward the next resistance levels. The first key resistance is at $71.200, where previous price action has shown selling pressure. A break above this level could confirm short-term bullish momentum. If buying pressure continues, the next target would be $72.600, which is a stronger resistance zone where sellers might step in. Bearish Scenario: If USOIL fails to hold above $70.00 and breaks below it, this could signal further downside movement.
FX:USOILLong
by Pipsview_Analysis
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
NYMEX:CL1!Long
by CityIndex
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower following news that Microsoft is reducing its data center leasing. This week, the weekly chart suggests strong selling pressure, meaning long positions should be approached with caution. On the daily chart, yesterday’s bearish candle confirmed the MACD sell signal, though the signal line remains above the zero line. In a broader context, a potential bounce could occur near key technical levels, including the lower Bollinger Band, 120-day moving average, and previous resistance zones. Two days ago, a large bearish candle formed, and yesterday’s price action provided an opportunity to sell at the 3-day moving average. However, the market failed to test the 3-day MA during pre-market, leading to a false impression that the daily close was rejected at resistance. This illustrates how a daily close can sometimes be misleading, reinforcing the need to plan for alternative scenarios. Since selling was executed at the 3-day MA yesterday, today’s key resistance level shifts to the 5-day moving average. Given the wide gap between price and the 5-day MA, a short-term rebound toward this level is possible. On the 240-minute chart, both the MACD and signal line have moved below the zero line, confirming continued selling pressure. However, since the Nasdaq has now entered a key support zone from a previous range, a short-term bounce toward the 5-day MA is possible. Traders should be cautious with short positions and focus on range-bound strategies rather than chasing downside momentum. Crude Oil Crude oil gapped down but managed to close higher. Despite the ongoing MACD sell signal on the daily chart, oil held above the key $70 support level. This week’s weekly close is critical—if oil can end the week with a bullish candle, it could set the stage for a potential reversal. Holding above $70 remains the key technical factor, as a breakdown below this level would signal further downside. On the daily chart, if the market fails to extend lower and instead rebounds, a MACD double-bottom pattern could develop, reinforcing potential upside momentum. However, since market flows remain mixed, it is best to treat oil as range-bound until a decisive break occurs. On the 240-minute chart, both the MACD and signal line are below the zero line, but price action is attempting a temporary rebound. While selling into rallies remains the preferred approach, traders should be cautious of event-driven volatility, as news developments could trigger sudden moves. The $70 level remains the key downside level to monitor—if it breaks, selling pressure could intensify. Risk management is crucial when taking long positions. Gold Gold briefly made new highs before closing flat within its range. On the daily chart, the buy signal remains intact, but today’s session will be crucial in determining whether gold can sustain its momentum or enter a consolidation phase. The key factor to watch is whether gold finds support at the signal line and continues higher or if a bearish crossover forms, leading to a range-bound correction. On the 240-minute chart, a bullish MACD crossover has occurred, but for the uptrend to be confirmed, a strong breakout candle is needed. Without a significant bullish move, gold risks forming a bearish divergence, meaning that even if price breaks to new highs, the MACD may fail to confirm the move. Since market flows remain mixed, a range-trading approach remains most effective, with a focus on buying at strong support levels and avoiding breakout trades. Traders should remain flexible and manage risk carefully, as both upside and downside scenarios remain open. Looking at VIX futures, a strong buy signal has emerged at the zero level. Historically, VIX buy signals near zero tend to generate large price swings, suggesting that Nasdaq volatility may increase significantly. This increases the likelihood of a sharp correction, making risk management a top priority. Stay disciplined, manage risk carefully, and wishing you a successful trading day! 🚀 If you like my analysis, please follow me and give it a boost! For additional strategies for today, check out my profile. Thank you!
CME_MINI:NQ1!Long
by Futureguard
USOIL My Opinion! BUY! My dear friends, Please, find my technical outlook for USOIL below: The instrument tests an important psychological level 70.18 Bias -Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 71.58 Recommended Stop Loss -69.44 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
1
Weekly and Monday analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower as the Consumer Sentiment Index declined. Last Thursday, I mentioned that the weekly chart suggested continued downside potential, and with Friday’s sharp decline, the weekly MACD has once again turned strongly bearish. Since the weekly MACD failed to form a bullish crossover and has now resumed its downward trajectory, this move can be seen as a whipsaw pattern followed by renewed selling pressure. On the daily chart, the Nasdaq has dropped to the 60-day moving average, and the MACD has crossed below the signal line, triggering a sell signal. However, since Friday’s daily candle alone does not fully confirm the sell signal, today’s price action will be key in determining whether the sell signal is fully confirmed. The market decline was primarily driven by concerns over weaker consumer spending, tariff-related inflation expectations, and broader economic uncertainty. Since a large bearish candle has formed on the daily chart, the market should be approached with a sell-biased strategy. Given the strong resistance zones, selling near the 3-day moving average upon any rebound would be an effective approach. On the 240-minute chart, the MACD has dropped sharply, pushing the signal line below the zero level. However, a short-term bounce may occur due to oversold conditions, making it important to watch for early support levels in the pre-market session. A range-bound approach remains favorable in the short term. Crude Oil Crude oil closed lower, pressured by expectations of increased oil supply from Iraq. On the daily chart, a buy signal appeared on Friday, but as mentioned earlier, it was not fully confirmed. Instead, oil closed lower, leading to a failed bullish signal and renewed downward momentum in the MACD. This shift in momentum suggests that selling pressure is increasing, making it more likely that oil will struggle to sustain a bullish breakout. On the weekly chart, the MACD has not yet crossed below the signal line, meaning that some rebound potential remains. However, if oil closes the week with a bearish candle, a weekly sell signal could be triggered. The $70 level remains a key support zone. Until $70 is broken, oil should be treated as range-bound. However, if $70 is breached, downside momentum could accelerate, making a sell-biased strategy more favorable. On the 240-minute chart, the MACD has dropped below the zero line, while the signal line remains above it. This suggests that some support may still exist near $70, but if the signal line also drops below zero, selling pressure could intensify further. Risk management is crucial for long positions in this environment. Gold Gold closed flat, remaining within a range-bound market structure. On the weekly chart, the bullish trend remains intact, but the market is now in a potential correction zone. On the daily chart, the MACD and signal line are nearly converging, making today’s price action critical in determining whether gold will break higher or enter a consolidation phase. On the 240-minute chart, gold is trading sideways at recent highs, reinforcing the range-bound nature of the market. The MACD failed to maintain bullish momentum and has started turning downward, but since it remains above the zero line, even if gold declines, it is likely to bounce back within the range. However, if the 240-minute MACD falls below zero and the signal line follows, this could trigger a sharp correction following the recent rally. Traders should watch this development closely. This week, key events include NVIDIA earnings(Wednesday), U.S. GDP report(Thursday), PCE inflation data(Friday). As the week progresses, market volatility is expected to increase, making risk management a top priority. Wishing you a successful trading week! If you like detailed this analysis and today's strategy, please follow me and give it a boost!
CME_MINI:NQ1!Short
by Futureguard
What Happens to Global Markets When the Ukraine-Russia War Ends?What Happens to Global Markets When the Ukraine-Russia War Ends? The end of the Ukraine-Russia war will undoubtedly impact major global markets, here’s what we can expect: Oil Market : With tensions easing, oil prices could drop as supply concerns lessen and sanctions ease. However, global demand could still keep prices stable or even high. Gold Market : Gold, a safe-haven asset, might face a decrease in demand as geopolitical uncertainty fades, but if the end of the war leads to global economic instability, gold could remain a strong choice for investors. Forex Market : The end of the conflict could boost the Euro and USD as stability returns to the market. At the same time, the Russian Ruble might face fluctuations as Russia’s economy adjusts to post-war conditions. Crypto Market : Cryptocurrencies may see mixed reactions—some may retreat as confidence in traditional markets rises, but others could flow in if economic uncertainty continues to prevail globally. 🔮 The war's end could bring hope, but it also presents new challenges for markets worldwide. Stay tuned to see how it all plays out!
CFI:WTIShort
by melikatrader94
5
WTI Crude retest of 13th February swing lowThe WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 7200, 20th February swing low level. An oversold rally from the current levels and a bearish rejection from the 7200 level could target the downside support at 6964 followed by 6880 and 6830 levels over the longer timeframe. Alternatively, a confirmed breakout above 7200 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7250 resistance followed by 7316 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation
Levels to consider for Crude oil Futures CL1!On this video i discuss what I think is the next long/short to consider and illustrate how not to get caught up in the noise of low probability setups . Currently we are trading inside of a range between the POC and the VAH . I look back on previous highs in the chart and how we reacted at those levels and what I potentially see looking forward . My bias overall is expecting more downside but I dont marry that one bias and simply look at the PA from both sides with a focus on having a plan in the event of a move up or Down .
NYMEX:CL1!
by SJTRADESFUTURES
USOIL Reversal in Motion? Key Levels You Can’t Ignore!Market Structure Breakdown: 🔸 Daily Timeframe: • We initially identified a double-bottom formation, signaling a bullish push to grab liquidity above previous highs. • However, buyers failed to sustain momentum, leading to a structural shift. 🔸 H4 Timeframe: • Strong impulse move downward, breaking key structure. • Formed a lower high, indicating seller control. 🔸 H1 Timeframe: • Entry confirmation: Lower high + structure break + retest. • Current Position: Short trade floating +142 pips in profit. • Stops secured in profit = No risk on the trade. 🎯 Next Targets & Key Levels: ✅ Target 1: Sweep 7040 low. ✅ Target 2: Potential drop to 7026 if momentum continues. ⏳ Crucial Confirmation Needed: • If today’s bearish candle closes above average, it will confirm a true lower high and increase chances of breaking consolidation to move lower. 🛠 Trade Management: • Profits taken at: +30 pips, +60 pips, +100 pips. • Current floating: +142 pips. • Overall target: +212 pips (1:5 / 1:6 RR). • If we break consolidation, we’ll trail TP and maximize gains. This trade is a textbook example of a failed bullish push leading to a structural breakdown. With stops locked in profit, we’re letting the trade play out risk-free, while looking for further downside expansion. If you’re tracking USOIL, keep an eye on these key levels and watch how price reacts! 🚀📊
FX:USOILShort
by BlueOceanFxAcademy
WTI Crude oversold bounce The WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 7300. An oversold rally from the current levels and a bearish rejection from the 7300 level could target the downside support at 7100 followed by 6955 and 6870 levels over the longer timeframe. Alternatively, a confirmed breakout above 7290 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7360 resistance followed by 7455 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation
USOIL Will Go Down! Short! Here is our detailed technical review for USOIL. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 7,215.2. The above observations make me that the market will inevitably achieve 6,999.3 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
FOREXCOM:USOILShort
by SignalProvider
1
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower as Walmart’s earnings report raised concerns about slowing consumer demand. Today marks the weekly close, and since the weekly chart has not yet confirmed a buy signal, any downward movement in the MACD could increase the likelihood of further declines. On the daily chart, the 10-day moving average is acting as support, aligning with the upper boundary of the February range. The MACD remains in a buy signal, but market flows are mixed, suggesting that choppy price action with alternating bullish and bearish candles could persist. Until a strong breakout candle decisively clears previous highs, it is safer to treat the current market as range-bound. While the bullish bias remains, traders should monitor whether the daily MACD generates a sell signal, which could shift momentum in favor of sellers. On the 240-minute chart, the MACD is declining sharply, indicating that buying pressure is weak. However, since the signal line is still above the zero line, a rebound attempt could emerge between 21,800 and 21,900. If the gap between the MACD and the signal line continues to widen, traders should avoid chasing long positions, even if a short-term bounce occurs. Crude Oil Crude oil closed higher, finding support near the $71 level. A buy signal has appeared on the daily chart, though it is not yet confirmed. The MACD and signal line have formed a golden cross, but today’s daily close will likely determine whether the buy signal holds. If the buy signal remains valid, oil could be forming a double-bottom pattern, confirming a base before moving higher. However, given weekend geopolitical risks, holding positions over the weekend (overweekend exposure) should be approached with caution. On the 240-minute chart, the MACD has pulled back toward the signal line before resuming an upward move, forming a wave 3 buying pattern. Since further upside momentum is possible, traders should focus on buying dips rather than chasing breakouts. Gold Gold closed higher after breaking above its previous high. On the daily chart, the MACD and signal line are closely aligned, meaning that if gold prints a bearish candle and breaks below the 10-day moving average, a bearish crossover (death cross) is likely. Since the MACD and signal line are still at elevated levels above the zero line, any selloff is likely to be met with buying interest, keeping the market range-bound. However, if gold breaks below the lower boundary of the current range, a sharp sell-off could occur, making stop-loss management crucial for long positions. On the 240-minute chart, gold has briefly broken above a triple-top formation before pulling back, forming a whipsaw pattern. This suggests that a further drop is likely. If the MACD on the 240-minute chart crosses below the signal line, it could mark the start of a trend reversal, making this a key technical level to watch. Overall, gold remains in a range-bound environment, but selling at highs is currently more favorable. If buying at support, stop-loss management is essential. As we close out the weekly session, traders should focus on risk management and ensure safe trading strategies. Take the weekend to rest, recharge, and maintain a healthy balance between trading and personal life. Wishing you a successful trading day and a great weekend! If you like my analysis, please follow me and give it a boost! For additional strategies for today, check out my profile. Thank you!
CME_MINI:NQ1!
by Futureguard
USOIL WTI Crude OilWTI Crude Oil (USOIL) has successfully broken above the descending trend-line, signalling a potential trend reversal. After the breakout, the price has retraced back to retest the trend-line support, confirming its strength as a new support level. Key Technical Observations: ✅ Trend-line Breakout & Retest – The price has broken the downward trend-line and is now finding support around $70.800, indicating a shift in momentum. The price is currently trading above the 21-period and 50-period Exponential Moving Averages (EMAs), which further confirms the bullish momentum and potential for an upward move. ✅ Targets for the Upside: Target 2: $71.900 (First resistance level) Target 2: $72.600 (second resistance level) Target 2: $73.500 (Major resistance level) ✅ Support Level: $70.800 – Holding above this level strengthens the bullish outlook.
FX:USOILLong
by Pipsview_Analysis
4