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Crude Oil WTI

Market Analysis: WTI Crude Oil Face HurdlesMarket Analysis: WTI Crude Oil Face Hurdles Crude oil is attempting a recovery wave but upsides could be limited. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI Crude oil prices started a recovery wave from the $66.00 support zone. - There is a key bullish trend line forming with support at $67.50 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 remained in a bearish zone below the $70.00 level against the US Dollar. The price started a fresh decline below the $68.00 support. The price even dipped below the $67.50 level and the 50-hour simple moving average. Finally, the bulls appeared near $66.00 and the price started a recovery wave. The price recovered above $67.50 and tested the $68.50 zone. The price is now consolidating gains below the 23.6% Fib retracement level of the upward move from the $66.54 swing low to the $68.48 high. There is also a key bullish trend line forming with support at $67.50. If there is a fresh increase, it could face resistance near the $68.30 level. The first major resistance is near the $68.50 level. Any more gains might send the price toward the $69.20 level. The main resistance could be near the $70.00 level. Conversely, the price might continue to move down and revisit the $67.50 support and the 50% Fib retracement level of the upward move from the $66.54 swing low to the $68.48 high. The next major support on the WTI crude oil chart is $67.00. If there is a downside break, the price might decline toward $66.55. Any more losses may perhaps open the doors for a move toward the $66.10 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
WTI Price Analysis: Key Insights for Next Week Trading DecisionOil prices are showing signs of recovery after a strong bearish move, with $68.00 as a key level that will play a significant role in guiding our trading decisions for the new week. 📌 Key Technical Outlook: 🔹 Oil is currently trading within an ascending channel on the 4H timeframe. 🔹 I’ll be watching for a breakout/retest of the channel resistance and $68.50 for buying opportunities. 🔹 If selling pressure remains below the resistance line of the channel and the $68.00 key level, I will be considering selling opportunities. 📌 Major Market Drivers: 🔹 US Sanctions on Iran: The US Treasury imposed new sanctions targeting entities involved in supplying Iranian crude oil to China. Analysts expect a 1 million bpd drop in Iranian exports, which could support prices. 🔹 OPEC+ Production Cuts: A new plan will see seven member nations cut production by 189,000–435,000 bpd per month until June 2026. 🔹 Geopolitical Risks: Ongoing tensions in the Middle East & the Russia-Ukraine war continue to add a risk premium to oil prices. 📅 Key Economic Events on Our Radar Next Week: 🛢 Tuesday: API Crude Oil Stock Report – Offers insight into US oil inventory levels. 🛢 Wednesday: EIA Crude Oil Inventories Report – A key supply indicator affecting price movements. 🗓 Tuesday: US S&P Global PMI – Important for economic sentiment and demand expectations. 🗓 Thursday: US GDP (Q4 Final) – Provides clues on economic growth and potential impact on oil demand. 🗓 Friday: US Core PCE Index – The Fed’s preferred inflation measure, critical for policy direction. Oil remains bullish in the short term, but I’ll be monitoring price action closely at $68.00 and $68.50 for trade setups. We’ll break it all down in Forex Morning Mastery tomorrow—stay tuned! 🔥📈
TRADU:USOILSPOT
by darcsherry
WTI - Positioning for Upside After Anticipated CorrectionThe US Light Crude 4-hour chart shows price action currently oscillating near the $68,60 level after recovering from early March lows. The recent price structure suggests we may see a short-term pullback before a stronger upward move develops. The chart indicates a potential bullish scenario with price expected to eventually rally toward the blue reaction zone (around $69,00-$69,50) after a possible retracement. This anticipated upside move is supported by the higher lows forming since mid-March and the overall recovery pattern from the $65,67 support level (marked by the red line). A prudent approach would be monitoring for reversal signs at lower levels before positioning for the higher probability move toward the blue reaction zone, with the orange resistance at $70,77 serving as the ultimate target if bullish momentum accelerates. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:WTILong
by financialflagship
USOIL Technical Analysis! SELL! My dear friends, My technical analysis for USOIL is below: The market is trading on 68.25 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish Bearish continuation. Target - 67.21 Recommended Stop Loss - 68.91 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
TVC:USOILShort
by AnabelSignals
1
USOIL in Limbo: Will 66 Holdor70 Break? Next week, the trend of USOIL still remains highly uncertain. Technically, the current price is continuously fluctuating within a range. Around $70 serves as a strong resistance level, while $66.05 is a key support level. Fundamentally, the tense geopolitical situation and the supply decisions of OPEC+ provide some support for oil prices. However, the slowdown in global economic growth, coupled with the increase in US crude oil production, exerts downward pressure on oil prices. Barring unforeseen events, USOIL is likely to trade in the range of $66 - $70. Once the key levels are broken through, the direction of the trend will become clear. In terms of trading operations, it is recommended to adopt a "buy low and sell high" strategy within the range of $67.5 - $69.5. I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
TVC:USOILShort
by JohnGonzalez7
WTI Crude Oil The Week Ahead 24th March '25WTI Crude Oil bearish & oversold, the key trading level is at 69.50 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
WTI CRUDE OIL: Hard rebound on 1.5 year support targeting $72.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 48.748, MACD = -1.080, ADX = 23.603), which indicates the slow transition from a bearish trend to bullish. This started when the price hit the S1 level, a 1.5 year Support, and bottomed. The slow rebound that we're having since formed a Channel Up on a bullish 1D RSI, much like the one in September 2024, which eventually peaked after a +10.70% price increase. A similar rebound is expected to test the 1D MA200. The trade is long, TP = 72.00. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
USOil The Final dealBased on current market conditions, we predict an upward movement for USOil. The first resistance level is set at 69.000. This level has proven to be a significant hurdle in previous price actions, with selling pressure often emerging as the price approaches it. However, given the current positive momentum, there's a strong likelihood of breaking through this resistance.​ On the downside, the primary support level stands at 67.000. This level has been tested multiple times and has held firm, acting as a floor for the price. Below this, we have a second support at 66.500. This secondary support is crucial as it provides an additional buffer against significant price drops. If the price manages to stay above the 67.000 support, the upward trend is likely to continue towards the 69.000 resistance and potentially beyond.​ 💎💎💎USOil 💎💎💎 🎁 Buy@67.500 - 67.700 🎁 TP 68.800 - 69.000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
FOREXCOM:USOILLong
by BenGray9
1
OIL Today's strategyCurrently, crude oil prices are fluctuating near the resistance level. Recently, the increase in US crude oil inventories has affected the supply dynamics and exerted certain pressure on oil prices. However, overall, the geopolitical tensions and supply risks have a relatively significant supporting effect on oil prices at present. OIL Today's strategy sell@68.5-68.8 buy:67.2-67.6 There are risks in trading. If you are not sure about the timing, it is best to leave me a message. This will better confirm the timing of the transaction, It can also better expand profits and reduce losses
TVC:USOIL
by HenryClarke
2
Crude oil bears pounce again and enter the 3-5 waveJudging from the current trend, although crude oil is in a short-term rebound phase, the overall bearish trend has not changed.Personally, I think the 3-4 wave rebound is likely to have ended, and the MACD indicator shows that the rebound momentum is weak. Therefore, today's operations should focus on shorting the rebound and seizing the falling opportunity of the 3-5 wave. Suggestions: 1. Go short at $67.20, stop loss 30 pips, take profit $64.80. 2. If the short position of strategy 1 is stopped out, go short again at $67.85, stop loss 30 pips, take profit $66. 3. If the market falls below $66 before 16:00, you can go short at $65.90 with a stop loss of 30 pips to $66.90.
TVC:USOILShort
by RobertaAlsop