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Crude Oil WTI

WTI Crude Returns to the $60 ZoneWTI crude oil has posted a drop of more than 4% in recent sessions as the market digests new announcements from OPEC+. The organization stated that current economic conditions could support growth in oil demand throughout 2025 and 2026. However, it remains firm in its decision to increase production starting in May and June, with monthly increments of 411,000 barrels per day, and has also announced another increase in July. This stance has sparked concerns in the market about a potential short-term oversupply. If this strategy persists, selling pressure could return to WTI price action in the coming sessions. Bearish Trend Since January 20, a clear bearish trend has been forming, pushing the barrel’s price below the $60 mark. While a notable upward move is currently underway, it remains insufficient to break the prevailing bearish formation, which continues to be the dominant technical structure in the short term. ADX The ADX line was previously hovering around the 40 level, reflecting high volatility in price movements. However, it has begun to flatten, and if this continues, it could suggest a loss of directional strength, paving the way for a more neutral price behavior. RSI The behavior of the RSI mirrors that of the ADX. It is currently oscillating around the 50 level, indicating a balance between buying and selling pressure, and reinforcing the potential for a neutral phase in the short term. Key Levels: $65 – Current Resistance: Aligns with the 38.2% Fibonacci retracement and acts as a key psychological level. A breakout above this level could extend the current bullish bias over the coming sessions. $67 – Distant Resistance: Matches the 50% Fibonacci retracement and a sideways zone observed in March. Sustained moves above this area could challenge the existing bearish structure on the chart. $60 – Crucial Support: Represents a consistent area of indecision in recent months. If the price returns to this level, the previous bearish structure could regain strength in the short term. Written by Julian Pineda, CFA – Market Analyst
FOREXCOM:USOIL
by FOREXcom
Potential bullish bounce?USO/USD has bounced off the support level which is an overlap support that lines up with the 38.2% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 60.39 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 57.93 Why we like it: There is a pullback support level that lines up with the 71% Fibonacci retracement. Take profit: 64.14 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
USOIL Temporary Drop seems inevitableOn Thursday, WTI crude oil futures prices fell approximately 3.5% during the session, extending losses after failing to test technical resistance levels. The decline was jointly driven by heightened expectations of a U.S.-Iran nuclear agreement and unexpected increases in crude oil inventories, both of which exerted heavy pressure on supply outlooks. Nevertheless, market analysis suggests the downside for the U.S. dollar may be limited. Improved global trade sentiment has reduced recession fears, leading markets to scale back expectations for aggressive Federal Reserve rate cuts. Data shows the probability of a 25-basis-point rate cut by the Fed in September is now 74%, down from earlier predictions of a July cut. Crude oil continued to decline today, breaking the previous upward pattern, with a high probability that prices will trade in a broad range going forward. Overall, the magnitude of the decline has increased, suggesting a higher likelihood of further downside. Today's trading strategy considers shorting on rebounds as the primary approach, while waiting for long opportunities at lower levels. Resistance is focused on the $62.0–63.0 area, with support at $60.0–59.0. you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
TVC:USOILShort
by HilaryBloomer
WTI Oil H4 | Falling toward an overlap supportWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 60.44 which is an overlap support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 57.60 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement. Take profit is at 63.68 which is a multi-swing-high resistance. 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:USOILLong
by Tradu
WTIUSD Building a Base – Bullish Reversal Setup Above $58?# WTIUSD **Instrument:** WTIUSD **Current Price:** Around $60 **Bias:** Bullish (Reversal) --- **Analysis:** WTI is showing signs of a potential **trend reversal** after forming a solid base near the $53.8 level, marked as the **invalidation zone**. Price has reclaimed the $58.3 support level and appears to be preparing for a bullish continuation, especially if it forms a higher low near this level. A sustained move above $58.3 followed by bullish structure could open the door toward **$70.0** and possibly even **$75.0** in the medium term. --- **Key Levels:** - **Support:** $58.292 - **Invalidation:** $53.828 (price closing below would negate the setup) - **Bullish Targets:** $70.0 – $75.0 --- **Trade Idea (Not Financial Advice):** Look for confirmation of support holding above $58.3 and potential bullish momentum for entries. Invalid if price breaks and closes below $53.8. --- > **Disclaimer:** > This analysis is for educational purposes only and should not be taken as financial advice. Trading commodities involves significant risk. Always do your own research and use proper risk management.
EIGHTCAP:USOUSDLong
by Forex_Int
Crude oil is extremely bullish.I see a very similar market structure in crude oil’s big picture as in the early days of Bitcoin. People will say, “But what about electric cars?”—yet few realize that over 6,000 products are made with oil. Not to mention, long-term oil use isn't going anywhere, even with the rise of electric vehicles. I believe oil is actually very undervalued and has been repressed for many years. It can't be held down forever—a big upward move is pretty much inevitable. As always, stay profitable. - Dalin Anderson
BITSTAMP:BTCUSDLong
by High_Altitude_Investing
USOIL UPDATEweek hit its largest since the week of March 7, 2025. The EIA crude oil inventory for the week stood at 3.454 million barrels, contrasting with the expected -1.078 million barrels and the previous figure of -2.032 million barrels. On Wednesday, crude oil exhibited a high-range oscillatory pattern: it stabilized and rebounded near $62.7, then pulled back after reaching $63.6, maintaining volatility within a narrow upper range. Influenced by the large bullish candlestick on the daily chart, oil prices still carry an upward probability. Overall, crude oil remains in a bullish consolidation phase. For trading strategies, a "buy low, sell high" approach is recommended, with resistance levels to watch at $63.6–64.5 and support levels at $62.7–61.2. you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
TVC:USOILLong
by HilaryBloomer
WTI Crude Oil: Trade Idea Context and SetupOur Long trade idea has already reached its target at 5921.75 in ES futures. If you missed it, here’s a link to our article from the start of the week: Note that, our entry was at 5861, while our stop was at 5837 in the example trade idea. The maximum low price was 5835.75 during Monday’s overnight session. Our stops could have been filled given this, however, we want to remind traders that these example trade ideas are for educational purposes, they are not a recommendation. Stops are never meant to dictate exact stop prices. Trader’s should place their stops according to their own risk management plan whether that be a mix of fixed dollar amount and market structure or filtering down to execution time frames to place stops per market generated information and structure. Today’s Trade Idea: WTI Crude Oil We will analyze the Long trade idea in WTI Crude Oil, providing both context and setup. Fundamental Analysis Supporting Our Scenario: Following the reciprocal tariff announcements, WTI Crude Oil fell to its lowest level of 54.48, a price last seen in 2023. While equity markets have recovered, crude oil remains subdued—widely attributed to concerns over OPEC+ overproduction. However, as we’ve previously explained, this interpretation is incorrect. The OPEC+ production increases were planned as early as December 2024, and the rollback of voluntary cuts is primarily aimed at meeting domestic demand within OPEC+ countries. This uptick in consumption also coincides with seasonal demand from summer and the Hajj pilgrimage in Saudi Arabia. Additionally, with the reversal of China’s escalatory tariffs and newly signed deals in the Middle East, many analysts have revised their GDP and recession forecasts upward. We believe this improved economic outlook is yet to be priced in by the oil markets. Technical Analysis Supporting Our Scenario: From a technical standpoint, there is a significant resistance zone and key Low Volume Node (LVN) stacked just above the 2025 mCVAL and Q2 2025 mCVAH. The March 2025 Low also sits just above this cluster. Our analysis projects a potential move from these levels up to the next major area of stacked levels: • AVWAP from 2025 High • Yearly 2025 VWAP • 2025 Mid-Range This sets the stage for a potential long opportunity in WTI Crude Oil as markets begin to price in shifting fundamentals and technical conditions align. Key Levels: • 2025 mCVAL: 63.38 • Q2 2025 mCVAH: 63.21 • AVWAP from 2025 Hi: 66.70 • Yearly 2025 VWAP: 67.44 • 2025- Mid Range: 66.52 Example Long Trade Idea: Probing Liquidity Time frame: 1 hour or 30 mins • Entry: 63.50 • Stop: 62.90 • Target 1: 64.37 • Target 2: 66.70 • Risk: 120 ticks • Reward: 407 ticks • Risk/Reward Ratio: 3.4R Important Notes: • Note that DOE inventories numbers are scheduled today at 10.30 am ET. Watch your risk amid volatility caused by this economic release. • These are example trade ideas and not financial advice or recommendations. • The trade idea considers 2 contracts to calculate risk and reward. • Traders should conduct independent analysis and ensure proper risk management. • Stop-loss orders are not guaranteed; slippage may occur, resulting in losses beyond predefined levels. • AVWAP levels are accurate at the time of posting, they may vary as indicator further calculates prices with new volume and price information. Glossary Index for all technical terms used: VAL: Value Area Low VAH: Value Area High VP: Volume Profile AVP: Anchored Volume Profile C: Composite (prefix before VAL, VAH, VPOC, VP, AVP) mC: micro-Composite (prefix before VAL, VAH, VPOC, VP, AVP) AVWAP: Anchored Volume Weighted Average Price NYMEX:CL1!
NYMEX:CL1!Long
by EdgeClear
TA on WTI Oil - 2025.05.14Quick technical analysis on WTI oil. Let us know what you think in the comments below. Thank you. 77.3% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:OIL
by Marketscom
USOIL:The short-term trend direction resumes an upward trend.The short-term trend of USOIL has started to rise again and is currently fluctuating around $63. The moving average system is in a bullish arrangement, and the objective short-term trend direction has resumed an upward trend. The oil price in the early trading session has declined within a narrow range, forming a secondary rhythm. According to the law of primary and secondary alternation, it is expected that the intraday trend of crude oil will continue to rise slightly. USOIL buy@62-62.5 tp:64-64.5 I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
TVC:USOIL
by H_C_01
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
WTI Oil H4 | An overlap support at 38.2% Fibonacci retracementWTI oil (USOIL) could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 60.44 which is an overlap support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 57.60 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement. Take profit is at 63.42 which is a multi-swing-high resistance. 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:USOILLong
by Tradu