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Crude oil fluctuates in a narrow range, waiting for direction 💡Message Strategy Middle East ceasefire eases supply concerns, but risk premium remains Oil prices rose more than 1% on the day as investors weighed the status of the ceasefire between Iran and Israel. Although both sides have announced an end to hostilities, US intelligence reports show that Iran's nuclear capabilities have only been temporarily damaged. ING analysts pointed out that although immediate concerns about supply disruptions have subsided, potential risks remain, a factor that may support spot prices in the short term. Previously, crude oil prices soared after the US military action on Iranian infrastructure, but prices have retreated as the ceasefire continues. Although the geopolitical premium has been reduced, it has not been fully digested. API shows a sharp drop in inventories, traders await EIA report Industry data from the American Petroleum Institute (API) showed that US crude oil inventories fell sharply by 4.23 million barrels in the week ending June 20, far higher than the expected drop of 800,000 barrels. Gasoline and distillate inventories increased by 400,000 barrels each. Market focus now turns to the US Energy Information Administration (EIA) report scheduled for release on Wednesday. Traders were expecting a 1.2 million-barrel draw in inventories, and confirmation of that figure by the EIA, widely viewed as an industry benchmark, would reinforce expectations of tighter supply. 📊Technical aspects From the daily chart level, crude oil fluctuates upward in the medium term and tests around 67. The K-line closes with a large real negative line, which has not yet destroyed the moving average system and is still supported. The medium-term objective upward trend remains unchanged. However, from the perspective of momentum, the MACD indicator crosses downward above the zero axis, indicating that the bullish momentum is weakening. It is expected that the medium-term trend of crude oil will fall into a high-level oscillation pattern. The short-term trend of crude oil (1H) is in a narrow range of consolidation, with a small fluctuation. The oil price repeatedly crosses the moving average system, and the short-term objective trend direction fluctuates. In terms of momentum, the MACD indicator fast and slow lines slowly rise below the zero axis, and the long and short positions are in a stalemate, with no obvious advantage on one side. It is expected that the trend of crude oil will maintain a consolidation pattern during the day. 💰Strategy Package Short Position：67.00-67.20，SL：67.80，Target: 65.50-64.50 Long Position:64.00-64.20，SL：63.50，Target: 65.50-66.50
TVC:USOILShort
by TheodoreSilas
Here is the latest analysis of the crude oil market trendOn Wednesday, international oil prices stabilized and rebounded after two consecutive days of correction, as the market reassessed the short-term easing of the Middle East situation and changes in crude oil supply. Brent crude oil futures rose by $0.75, or 1.1%, to $67.89 per barrel; WTI crude oil rose by $0.71 to $65.08. Previously, U.S. air strikes damaged key Iranian facilities. Although they did not completely destroy its capabilities, they triggered short-term market concerns about supply chain disruptions. When geopolitical tensions temporarily eased, the market also turned its attention to inventory data. The latest data from the American Petroleum Institute (API) showed that for the week ending June 20, U.S. crude oil inventories fell by 4.23 million barrels, far exceeding the market expectation of a 2.5 million barrel decline, indicating that refinery demand remained strong. Under the dual effect of the mitigation of geopolitical risks and the bullish API inventory data, oil prices showed signs of stabilization, but the foundation for the rise was still fragile. In the next few trading days, the safety of the Strait of Hormuz and the EIA official inventory report will become the key to whether the bulls can continue. In the current volatile pattern, it is necessary to remain cautious and pay close attention to changes in the technical support area and U.S. policy dynamics. However, in terms of momentum, the MACD indicator has formed a bearish crossover below the zero axis, signaling a weakening of bullish momentum. This suggests that the medium-term trend of crude oil is likely to fall into a high-level consolidation pattern. you are currently struggling with losses，or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results. Trading Strategy: sell@67.0-68.0 TP:63.0-64.0
FX:USOILShort
by MyronWilson
WTI looks to end bearish run after bullish inventories dataWe have had some more bullish oil news from the weekly US inventories report. It remains to be seen whether the news is enough to lift the oil price. Following the API data overnight we had even more bullish-looking official inventories report from the US Department of Energy. The fact that crude stocks fell for the 5th straight week certainly points to strong demand, pushing stockpiles to their lowest levels since January. As well as the big headline draw, stocks of crude products fell sharply too. The 2 million barrel draw in gasoline inventories was much higher than the API report, and suggests the driving season is well and truly at full steam, when demand for gasoline tends to rise. In case you missed it, the DoE reported the following numbers: • Crude -5.84mm • Cushing -464k • Gasoline -2.08mm • Distillates -4.07mm Whether or not oil can now stage a meaningful rebound remains to be seen. It has certainly lost its entire risk premium associated with the Iran-Israel conflict. Perhaps it is up to the OPEC+ now to decide with the alliance due to hold discussions on July 6 to consider a further supply boost in August. Any hints of a slower supply boost could provide support to prices. By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:USOIL
by FOREXcom
WTI OIL Progressively bearish on the long-term. Eyes $52.50.A week has passed since our sell signal on WTI Oil (USOIL) and the emerging geopolitical stability has already helped the price move much faster towards our $58.20 Target (see chart in related ideas below). If we look at it from an even longer term perspective, the 1W time-frame in particular, we can see draw some very useful conclusions about the bearish case. First of all that this week's High got rejected exactly on the 1W MA200 (orange trend-line), which is the trend-line that made the last 3 major rejections on the market (January 13 2025, October 07 2024). As you can see, that was a textbook Double Top formation. The last Double Top rejection took place on June 06 2022, the previous multi-year Top for the market. The result was a continued sell-off that didn't stop before testing the 1W MA200, which is now the Resistance. As a result, even though our $58.20 Target stands, on the longer term we can even see a -37.36% decline towards the end of the year. Contact with the bottom of the Channel Down can be made at $52.50. Alternatively, you can look at the 1W RSI, which has a clear Sell and clear Buy Zone. This week it was rejected on the Sell Zone, so you may look to book your profit as soon as it enters the Buy Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTIShort
by TradingShot
USoilLatest news. If the Strait of Hormuz is closed, the restrictions on the import and export of oil and natural gas will increase greatly. Because 20% of the world's oil and natural gas exports come from the Strait of Hormuz. So the trend of geopolitics will affect the closing and opening of this important checkpoint. If the increase in geopolitics really reaches this point, the price of oil may rise to 90$-100$. This is an excellent trading opportunity for investors who like to trade oil. But at present, this is an option for Iran to negotiate. Rather than a real closure, after all, the incident has not developed to this situation. If you like to trade oil. You can also follow me. Get brand new trading opportunities and make profits. Do not trade independently to avoid losses.
TVC:USOILLong
by Ludvig_Band_King
Tariff Panic = Opportunity | WTI Long SetupWTI Oil has finally dipped into my long-watched buy zone, driven by macro fear and an aggressive tariff agenda. The current drop aligned perfectly with my long-term execution plan. I’ve placed this trade based on key historical demand levels with my stop-loss and take-profit clearly defined. I’m prepared for deeper drawdown, but this area remains high-conviction for me. Execution > Prediction. Technicals: • Key Level: Price tapped into a major demand zone dating back to 2021 lows, which had been protected ever since. • Liquidity Sweep: This drop mitigated every low formed post-2021 — clearing out late longs and stop hunts. • Trendline Break Anticipation: I expect a potential trendline breakout from the long-term descending structure. • SL/TP Defined: This trade has structure. It’s not a hope-based setup, it’s pre-planned and managed. • Consolidation + Accumulation: This is where strong hands prepare, and I’m joining in. Fundamentals: • Tight supply, rising global demand, and structural underinvestment in oil exploration. • Chinese reopening + Russian ban tighten market availability. • Central banks expected to support demand via easing cycles. • Oil Bearish Catalyst (Short-Term): • US tariff wave: Trump announced a total 54% tariff on China and baseline tariffs on all trading partners. • Escalating fears of global economic slowdown pushed prices to $58.80, a 4-year low. The bearish panic gave bulls like us a gift. This is how real trades are born - not in euphoria, but in blood. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
OANDA:WTICOUSDLong
by AR33_
Oil Price Falls Below $69Oil Price Falls Below Pre-Escalation Levels of Middle East Conflict According to the XBR/USD chart: → Prior to Israel’s airstrikes on Iran on 13 June, the price of Brent crude was hovering around the $69.00 mark; → Following US bombings in Iran, the price spiked at the Monday market open, reaching a high of approximately $77.77 (as we reported on 23 June). However, after President Trump announced a ceasefire between Iran and Israel — later confirmed by statements from both sides — oil prices dropped sharply. This morning, Brent is trading around $68, which is even lower than the level seen before the initial strikes. Media outlets report that analysts broadly agree that fears have eased, even if the ceasefire appears fragile. Market participants seem to view the likelihood of the conflict escalating into a full-scale ground war — involving US troops and the closure of the Strait of Hormuz — as low. Shipping through the strait is reportedly returning to normal. Technical Analysis of the XBR/USD Chart Interestingly, the $69 level — from which prices surged on 13 June — acted as resistance yesterday (as indicated by the arrow on the chart). It can be assumed that the longer the ceasefire holds, the less relevant the fears that have served as bullish drivers. In that case, Brent crude prices may continue fluctuating within a downward channel, outlined in red, with the possibility of a short-term rise toward its upper boundary. Nevertheless, the key drivers for oil prices will remain the fundamental backdrop and official statements regarding the situation in the Middle East and other geopolitical factors. 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
Is WW3 Coming? Crude Waves Flash Warning which I DO NOT LIKE ITI’m getting a knot in my stomach looking at this chart, it feels like a warning about what’s coming. Chart Context • WTI jumped from the pandemic low of 6.62 up to 131.02 on March 6, 2022. • It then retraced to 59.86 (38 % Fib) by June 4, 2025. • That pullback seems complete, and now price is pressing against a descending wedge. Wave Map • Wave 3 could extend toward 207 • A full five-wave run points up near 330 • The pattern is squeezed in a tightening channel that looks ready to break any day Why It Feels Risky Breaking above 200 normally requires a major supply shock—think trouble at the Strait of Hormuz, surprise OPEC cuts, or a hit to U.S. shale. The Iran–Israel cease-fire is shaky, drones are still buzzing storage sites, and even a brief chokepoint shutdown would send tanker traffic into chaos. To me, the chart is flashing that tail risk. Trading Plan • I’ll watch the wedge’s upper trendline around 83 for my first signal • A weekly close above 93 would clear the path to 117, then 145 • If price closes below 51 on the week, this thesis is off Your Thoughts? Does this wave count make sense, or am I reading too much into it? Drop your views—especially if you’ve got the geopolitical angle covered. I hope this wave doesn’t play out, but pretending it’s not there feels reckless. (Not financial advice)
BLACKBULL:USOIL.FLong
by teconlab
WTI Oil H4 | Continuation of downward trajectory?WTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 67.15 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement. Stop loss is at 70.30 which is a level that sits above a pullback resistance. Take profit is at 62.49 which is a 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 (tradu.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 (tradu.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 Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:USOILShort
by Tradu
WTI CRUDE OIL USD WEEKLY ANALYSIS Price is reacting from a weekly FVG just below the 50% of a larger range, with some bullish momentum possibly fueled by recent geopolitical tensions. But price is still within a bearish range acting as resistance, so upside may remain limited unless structure shifts. A daily bullish OB below the 50% of that range could offer a solid pullback entry if price retraces which is aligning with the broader narrative and upside liquidity. Im having a neutral view of this and leveraging on both sides. What are your thoughts?
EASYMARKETS:OILUSD
by AnthonyAaron
Will crude oil prices continue to decline?On Tuesday, oil prices fell by 6%, hitting a two-week low, as market expectations that a ceasefire between Israel and Iran would reduce the risk of supply disruptions in Middle Eastern oil. WTI crude oil fell below $64 per barrel intraday, eventually closing down 3.35% at $64.96 per barrel; Brent crude oil closed down 3.7% at $67.73 per barrel. With the easing of the Israel-Iran conflict, the trading logic of the crude oil market will return to fundamentals. For now, the consumption peak season has hedged the pressure from OPEC+ production increases. Although U.S. crude oil demand has not shown eye-catching performance, OPEC+ production increases have also fallen short of expectations. In the later stage, attention needs to be paid to the geopolitical situation and the landing of OPEC+ production increases. Looking ahead to the second half of the year, factors such as continued OPEC+ production increases, weak demand, and supply surplus will still dominate oil price movements. The daily chart of crude oil closed with a bearish hammer line, in a two-day bearish pattern. After breaking the high, crude oil fell rapidly, indicating signs of the end of the oil price rally. Today, the focus is on whether the oil price continues to break down. you are currently struggling with losses，or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results. Trading Strategy: sell@67.0-68.0 TP:63.0-64.0
FX:USOILShort
by MyronWilson
CRUDE OIL poised to go UP AGAIN? Usually my posts on crude oil are short. but here’s a longer one for a change. Back in December, I predicted that crude oil would hit the highlighted zone around $57. That’s exactly what happened, hit the target and bounced. Over the past two weeks, we’ve seen wild swings in crude oil prices as tensions between Iran and Israel escalated. But now, following the ceasefire announcement brokered by President Trump, and considering Iran’s response over the past couple of days, crude oil has dropped below its pre-conflict price levels. While I truly hope for a peaceful world where no innocent lives are harmed, my personal view is that this ceasefire feels fragile and may not last long. So, what’s next for crude oil? Up or down? If the ceasefire holds and we don’t see further conflict in the Middle East, I think crude oil could hover in the $65–$75 range. There’s even a slim chance we dip as low as $45. However, based on my technical analysis model, and my doubts about the durability of the ceasefire, I expect oil prices to rise in the next 6 to 9 months. My targets? $78 and $85. Of course, I might be wrong this time. :) Cheers!
NYMEX:CL1!Long
by SamanFx0
Crude Oil Gets Trapped Back Inside 3-Year Down trending ChannelAfter failing to close above the upper border and the 78 resistance level, and amid renewed hopes for a Middle East ceasefire, oil prices dropped sharply back toward the neckline of the inverted head and shoulders formation—initially broken ahead of the recent war escalation—at 64.70. A sustained move below that neckline could target crude prices toward the mid-zone of the established channel, near 63.40 and 61.40, where another rebound may take shape. On the upside, if a clear recovery re-emerges above the 72-mark, the potential for a breakout above the 78-resistance could return, opening the door to revisit the 80 and 83.50 highs. — Razan Hilal, CMT
FOREXCOM:USOIL
by FOREXcom
Oil Price: Breakout or Fakeout? Watch This Zone Closely Technical Overview: The current price action is testing the upper boundary of a descending wedge, a bullish reversal pattern. The recent strong green candle indicates a potential breakout attempt, yet price is hovering near a critical resistance level at $74.20 (Fib 0.5). Key levels from the Fibonacci retracement are: 🔼 Resistance at $74.20 (0.5), then $78.16 (0.618) 🧲 Local support at $69.78 (0.382) 🛡️ Strong demand zone near $63.81 (0.236) if rejection occurs Structure + Patterns: Price has been compressing inside a falling wedge, which statistically resolves to the upside. The breakout candle broke above the 20 EMA and touched the upper wedge resistance — signaling a decision point. Volume is rising on bullish candles — initial confirmation of buyer interest, but not yet decisive. Scenarios to Watch Bullish Case: Break and close above $74.20 on higher volume → likely move toward $78–$86 resistance zone. Confirmation of wedge breakout could trigger trend reversal, aligning with bullish fib levels. Momentum could accelerate if macro factors support demand (see geopolitics below). Bearish Case: Failure to close above $74.20 = fakeout risk → price may reject down to $69.78 or even retest $63.81. Bearish rejection wick on the daily/4H would be an early signal. Macro & Geopolitical Factors to Monitor: Middle East Tensions: Any escalation (especially around Iran or shipping lanes) could spike oil due to supply fears. US Strategic Reserves & Elections: Moves to refill reserves or control inflation could support demand. China Demand Recovery: Data showing improved industrial output or stimulus from PBoC may strengthen global oil outlook. Final Thoughts: Price is at a pivot zone — breaking this wedge with strength could shift the short-to-midterm trend. Until then, this remains a "show me" breakout . Watch how the next 1–2 weekly candles close around the $74–$75 area to confirm direction.
NYMEX:CL1!Long
by SheTradesHub
Crude Could Rally to $75 — Entry Opportunity Still Alive at $68Brent Crude Oil is setting up for a potential bullish continuation on the 4-hour timeframe. After a sharp pullback from its recent high near $76.28, price found support around the $65.93–$66 zone—an area that previously acted as strong resistance and now serves as a bullish flip level. The price is consolidating above this reclaimed support and forming a base within the Ichimoku cloud, indicating a possible accumulation phase before the next leg higher. Ichimoku components support the bullish outlook: the cloud remains green, the Tenkan-sen is curling upward, and price is stabilizing above both the Kijun-sen and the flat Senkou Span A. These are typically early signs of a bullish continuation. The bullish thesis is further strengthened by broader geopolitical risks, particularly Iran’s increased influence over the Strait of Hormuz, which remains a critical oil transit route. Any disruption in this corridor could immediately pressure global supply and send oil prices higher. This aligns with recent bullish projections (not exactly with the pricing but with the intent): Citi forecasts Brent could reach $75–78 if Iran related disruptions cut 1.1 mbpd, while Goldman and JPMorgan warn $100–120+ spikes if the Strait of Hormuz is threatened. The Guardian notes the shipping chokepoint transports ~20% of global oil, and even brief disruptions could add $8–30 / barrel in volatility. Trade Setup: • Entry: $67–$68 • Stop-Loss: $65 • Take Profit: $75 This provides a risk-reward ratio of 1:4, with nearly 12% upside potential. Given the convergence of strong technical structure and real-world catalysts, this setup offers a compelling opportunity for bullish Brent traders aiming to catch the next breakout.
BLACKBULL:BRENTLong
by SupertradeOfficial
The latest layout for crude oil today.With geopolitical risks gradually easing, oil prices have deviated significantly from macroeconomic and fundamental guidance. While Iran's situation has shown signs of mitigation, the single-day decline in oil prices was excessive. We believe current oil prices have reached a reasonable range: short positions can still be held, but chasing further shorting is no longer advisable. On the daily chart, crude oil formed a large bearish candlestick with both no upper and lower shadows, directly breaking below support and continuing to decline. After breaking above the previous high, the breakdown of support indicates that oil prices are falling back again to seek a new trading range. Today, the focus remains on the sustainability of the bearish momentum. you are currently struggling with losses，or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results. Trading Strategy: sell@68.5-69.0 TP:64.5-64.0
FX:USOILShort
by MyronWilson