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Crude Oil WTI

Liquidity Hunt: Crude Oil's Next TargetFenzoFx—Crude Oil remains below the $64.19 resistance level. The Stochastic Oscillator is in overbought territory, and RSI 14 signals bearish divergence, suggesting a possible price dip. Oil could briefly surpass $64.19 to grab liquidity before facing selling pressure. In this case, a drop toward the $61.72 support level may occur to fill the bullish fair value gap. However, if Oil stabilizes above $64.19, the bearish outlook becomes invalid. >>> Trade Crude Oil without swap and low spread at FenzoFx
NYMEX:CL1!Short
by FenzoFxBroker
WTI Crude Returns to $63Over the past two trading sessions, WTI crude oil has gained more than 5%, as confidence has temporarily returned to the market following the latest OPEC+ announcements. The organization recently announced a new production increase of 411,000 barrels per day starting in July, but the volume was lower than anticipated, which has been interpreted as a positive signal for short-term price behavior. This has helped sustain a consistent bullish bias in recent sessions. Bearish Trend Remains Intact Since early January, crude oil has followed a steady bearish trend. Currently, the price is approaching the resistance marked by the trendline, and if buying pressure holds in the short term, the bearish formation could come under threat in the upcoming trading sessions. MACD At the moment, the MACD histogram shows slight oscillations above the neutral line (0), but it has not yet indicated a decisive market impulse. As a result, a strong sense of short-term neutrality persists, as the price approaches key resistance levels. RSI The Relative Strength Index (RSI) is showing a similar pattern: the line is starting to rise, but it is flattening out, which could be weakening the current buying momentum and signaling a possible sideways movement in the short term. Key Levels to Watch: $63 – Current Barrier: Aligns with the bearish trendline and could be where price indecision intensifies, leading to continued consolidation. $57 – Major Support: A recent low. If the price returns to this level, it could reactivate the bearish trend and lead to a deeper sell-off. $68 – Key Resistance: Located around the 200-period moving average. A breakout above this level could mark the beginning of a new long-term bullish trend. Written by Julian Pineda, CFA – Market Analyst
FOREXCOM:USOIL
by FOREXcom
$USO to $29-42 before a bottom is inAMEX:USO broke down from a long term that started in March 2020 and is now breaking down below support at $67. The most likely outcome is a continuation down to the lower support levels at $29-33. I won't rule out the possibility of one more retest of the trend line ($73-75) before continuing down further. An invalidation of the short would be a break over the $83 level. Otherwise, downside is the most likely outcome from here. Let's see how it plays out over the coming months.
AMEX:USOShort
by benjihyam
USOIL LETS MAKE OIL GREAT AGAIN TO 80$HELLO TRADERS As i can see USOIL it formaing H & S pattrent and now trading above a strong Weekly horizontal Support zone if prices hold above 65$ then given Tp can be easy target if we see a higher demand and tight supply with the War going on around the world its a huge possibilty that pricce can shoot up we have to monitor the 65$ price zone which is importat to hold bull cycle on smaller TF 4HR it is creating Wickoff pattren too and we can see Fibo levels golden ratio can hit our targers or risk reward is great for us becaus we was buying the dip in May it is just starting chart is crystal clear its just a trade idea share your thoughts we appriciate ur comments and support Stay tuned for more updates
TVC:USOILLong
by apextradingacadmey
Crude oil surges stronglyInternational oil prices rose in early Asian trading on Tuesday, primarily driven by heightened risks of supply disruptions. Iran is expected to reject a U.S.-proposed nuclear deal proposal that could have paved the way for easing sanctions on Iranian oil exports. Additionally, wildfires in Alberta, Canada, have suspended part of oil and gas production, exacerbating market concerns about supply. Brent crude rose 0.85% to $65.18 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 0.75% to $62.97, extending a nearly 3% rally from the previous session. The current oil price surge reflects the effect (superimposition) of multiple factors, including geopolitical uncertainties and sudden natural disasters. Notably, the market’s reaction to the OPEC+ production increase strategy highlights its high sensitivity to supply-side control. The Iran and Canada incidents have further underscored the short-term vulnerability of the global oil market. If U.S.-Iran negotiations completely collapse or wildfires continue to spread, oil prices may sustain their upward momentum. Technically, the K-line chart has repeatedly formed bullish candlesticks with long lower shadows and small real bodies, indicating strong buying support at lower levels. Short-term intraday crude oil is expected to retain further upside potential. Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term. Trading Strategy: buy@62.0-62.5 TP:63.5-64.0
TVC:USOILLong
by Ashbur
USOIL:Go long Crude oil prices rose due to ongoing tariff uncertainty as well as ongoing geopolitical tensions in the Middle East. From the chart, the K line has repeatedly appeared long lower shadow small solid positive line, indicating that the lower buying long support is strong. Expected intraday crude oil short - term trend still exists a wave of upward space. Trading Strategy: BUY@62.5-62.6 TP: 63.5-64 ↓↓↓ More detailed strategies and trading will be notified here ↗↗↗ ↓↓↓ Keep updated, come to "get" ↗↗↗
TVC:USOILLong
by Boooob_
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
Slowing Global Economy and Output Hikes Weigh on Brent OilBrent crude oil is holding steady around the $60 level, even after OPEC announced another 411,000 barrels per day increase in output, following similar hikes in May, June and smaller one in April. This latest adjustment comes at a time when global economic slowdown concerns are rising, making the decision a risky one. Although the main reason points to non-compliance from Kazakhstan and Iraq, some believe the United States may have played a role, possibly through pressure from Trump aimed at controlling inflation during the ongoing tariff hikes. With several consecutive production increases now in place, a growing surplus is likely to develop over the second half of 2025. This would maintain downward pressure on oil prices if demand fails to keep pace. At the same time, the broader economic outlook is weakening. Recent manufacturing activity data from China, the United States, the European Union, and the United Kingdom all came in below 50, suggesting a faster rate of contraction. The presence of widespread tariffs is expected to continue weighing on business sentiment and consumer demand, potentially leading to rising unemployment and slowing growth. In this environment, any short-term spikes in Brent and WTI prices are likely to remain opportunities to sell, unless there is a meaningful shift in underlying fundamentals. For a more detailed view of economic trends, please refer to the latest monthly report. Brent crude has been in a steady downtrend since March of last year. While the price movement doesn't follow a perfect trend channel, the structure has generally held well. At the moment, Brent is hovering near the middle of this declining channel. The former long-term support zone around $70 to $72. If prices move up toward this zone, it could present a fresh selling opportunity as long as the resistance holds. On the downside, the $60 level and the area just below it have formed a solid medium-term support, which has held up so far. Still, oil bulls should be cautious around the $60 mark. Even though support looks strong for now, the overall direction of the trend and the broader fundamental backdrop suggest that this level could eventually break. Any long positions taken near current levels should factor in the potential for renewed downside pressure.
FX:UKOIL
by ftdsystem
Weekly Market Forecast: Monday UPDATES!How accurate were the forecasts for S&P 500, NASDAQ, DOW JONES, Gold and Silver futures given in the Weekly Market Forecast for this week? BULLSEYE! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME_MINI:MES1!
by RT_Money
There remains a risk of further downside for crude oil prices.During Monday's US trading session, international oil prices rebounded strongly. The main US crude contract surged 2.5% at one point to $62.31 per barrel, while the August Brent crude futures also rose more than 2% to $64.12 per barrel. Two key drivers underlie this rally: OPEC+'s maintenance of a "modest production increase" strategy at its weekend meeting, and Ukraine's surprise attack on a Russian military airfield. The crude oil market is currently in a dual game of "policy and geopolitics": OPEC+ seeks to balance the market with "modest production increases," while Ukraine's raid serves as a reminder that black swans are never far away. Short-term Outlook: US oil prices may remain range-bound between $60-$64 per barrel. However, if the Russia-Ukraine conflict deteriorates or internal rifts within OPEC+ deepen, a new round of violent volatility (sharp rallies or crashes) cannot be ruled out. Technical Analysis: Early trading saw oil prices consolidate in a narrow range near $61, reflecting a secondary rhythm. The MACD indicator is bearishly diverging below the zero axis with strong bearish momentum, suggesting a risk of continued downward movement in crude oil prices during the session. Trading Strategy: sell@63.5-64.0 TP:61.6-62.0
TVC:USOILShort
by Ashbur
Market Analysis: WTI Crude Oil Price Could Gain Bullish PaceMarket Analysis: WTI Crude Oil Price Could Gain Bullish Pace WTI Crude Oil is gaining bullish momentum and might even test $62.75. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI Crude Oil climbed above the $60.50 and $60.80 resistance levels. - There was a break above a key bearish trend line with resistance at $60.80 on the hourly chart of XTI/USD at FXOpen. WTI Crude Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price started a fresh upward move from $59.45 against the US Dollar. The price gained bullish momentum after it broke the $60.00 resistance. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $62.76 swing high to the $59.45 low. The price even climbed above the 50-hour simple moving average. Besides, there was a break above a key bearish trend line with resistance at $60.80. It tested the $61.50 resistance zone and the 61.8% Fib retracement level of the downward move from the $62.76 swing high to the $59.45 low. The RSI is now near the 50 level and the price could aim for more gains. If the price climbs higher again, it could face resistance near $62.00. The next major resistance is near the $62.75 level. Any more gains might send the price toward the $63.45 level or even $65.00. Conversely, the price might correct gains and test the $60.80 support level. The next major support on the WTI Crude Oil chart is near the $59.45 zone, below which the price could test the $58.00 zone. If there is a downside break, the price might decline toward $56.50. Any more losses may perhaps open the doors for a move toward the $55.50 support zone. 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:XTIUSD
by FXOpen
1
Crude Oil - Two Scenarios and about Brain PowerPrice retests the L-MLH. VI. - Price breaks upward, target is the centerline VII. - Price reverses again, then the target is the 1/4 line, with a subsequent extended target at the red centerline, and possibly even lower at the white dashed warning line. On a personal note: I was once again told that the price didn’t do what I had projected. ...yeah, really, that’s how it is §8-) After over 30 years in the markets and hundreds of coaching sessions, I’m still amazed that people think you can predict price movements as if with a magic crystal ball. The fact that this belief still persists (even though they don’t understand even the absolute basics of trading) deeply concerns me at the core of my trading soul. Because this growing irrationality clearly indicates that far too little is being done in terms of education – or humanity might simply go extinct in the next 100 years due to rapidly declining intelligence! ...maybe I should just create a chart and apply a few median lines/forks? Happy trading to all of you and I pray for those with lesser brain power.
NYMEX:CL1!
by Tr8dingN3rd
WTI Oil H1 | 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 61.52 which is an overlap support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 59.60 which is a level that lies underneath a multi-swing-low support. Take profit is at 63.00 which is a 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
Weekly Market Forecast: Stocks, Gold, Silver & Crude OilIn this Weekly Market Forecast, we will analyze the S&P 500, NASDAQ, DOW JONES, Gold and Silver futures, for the week of June 2 - 6th. Stock Indices are looking more bullish than bearish. Valid buys only! Gold is moving sideways. Wait for confirmation before a buy/sell signal. Oil prices may tick lower. Trade carefully. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME_MINI:MES1!
by RT_Money
The bears continue to dominate!Oil prices fluctuated lower this week, primarily pressured by the repeated U.S. tariff policies and expectations of OPEC+ production increases. During Friday's Asian session, Brent crude oil futures fell 0.41% to $63.89 per barrel, while U.S. WTI crude oil futures declined 0.44% to $60.67. The Brent July futures contract is set to expire on Friday. The tariffs imposed by U.S. President Trump were originally suspended, but the U.S. Federal Appellate Court temporarily reinstated them on Thursday, overturning the trade court's suspension ruling made on Wednesday. This legal volatility caused oil prices to plummet by more than 1% on Thursday. The crude oil market this week has shown high sensitivity, influenced not only by legal rulings but also by dual pressures from geopolitical tensions and internal coordination imbalances within the organization. Under the intertwined effects of tariffs and production expectations, oil prices have struggled to achieve directional breakthroughs. If OPEC+ fails to reach an agreement on production control and demand from Asian countries and other major consumers has not recovered, oil prices are likely to maintain a weak oscillating pattern in the coming weeks. The MACD indicator is opening downward below the zero axis, with strong bearish momentum, suggesting a risk of further downside for crude oil during the day. Overall, for next week's crude oil trading strategy, He Bosheng recommends focusing on bearish trades on rebounds, complemented by bullish trades on pullbacks. Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term. Trading Strategy: sell@61.5-62,0 TP:59.5-60.0
TVC:USOILShort
by Ashbur
USOIL:Sharing of the Trading Strategy for Next WeekAll the trading signals this week have resulted in profits!!! Check it!!!👉👉👉 Fundamental Analysis: Uncertainty over the OPEC+ production increase plan continues to unsettle markets. If the 增产 (production hike) is implemented, increased supply will pressure oil prices. Meanwhile, uneven global economic recovery has impacted crude oil demand expectations. Technical Analysis: Daily candlestick charts show prices oscillating within a $59–$63 range. The MACD indicator remains below the zero line, with bearish signals persisting. The 50-day moving average forms strong resistance near $63, while $58.9 serves as key support. Trading Strategy: Await rebounds to initiate short positions. Trading Strategy: Sell@63-62 TP:60-59 Share accurate trading signals daily—transform your life starting now! 👇 👇 👇 Obtain signals👉👉👉
TVC:USOILShort
by MonicaLongman