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WTI Crude (OIL) / US DollarWTI Crude (OIL) / US DollarWTI Crude (OIL) / US Dollar

WTI Crude (OIL) / US Dollar

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USOil Sell 70.000Crude oil has been fluctuating and rising recently, reaching a three-week high. From a fundamental perspective: Supply: The United States has intensified its energy sanctions against Iran. Attacks on Saudi facilities have affected their performance. The OPEC+ will gradually lift the voluntary production cuts starting from April and may increase production for the second time in May. The 30-day ceasefire agreement between Russia and Ukraine has not been effectively implemented in substance. However, recently, the United States, Russia, and Ukraine have reached some consensus on Black Sea navigation and the protection of energy facilities. Inventory: According to API data, for the week ending March 25, U.S. crude oil inventories dropped significantly by nearly 9 million barrels. However, commercial crude oil inventories have been increasing continuously for several weeks, and the overall inventory remains at a high level. Geopolitics: The U.S. airstrikes against the Houthi armed group in Yemen and Israel's military operations in the Gaza Strip have heightened concerns about the disruption of crude oil supplies in the Middle East. The United States' continuous strengthening of sanctions against Iran and Venezuela also includes a plan to impose a 25% tariff on countries importing Venezuelan crude oil. Production Increase Pressure: The daily supply increments of non-OPEC countries (such as the United States and Brazil) far exceed the global demand growth rate, which has long-term downward pressure on the oil price center. 💎💎💎 USOIL 💎💎💎 🎁 Sell@70.000 - 70.200 🎁 TP 68.5 68.0 67.5 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
TVC:USOILShort
by BenGray9
US OIL SHORT & LONG TRADESAs I stated yesterday after price rejected from the Diagnonal resistance, I said price could retest and dump further or breakout to higher levels. I did ioen a short for the dump, but then I checked the trade this morning and realized it's in a breakout trend. So I closed the short in a small los and capitalized on the long at the point of resting the Trendline which is still running. Let's see how high price can climb now, currently at a strong zone.
TVC:USOIL
by THE_KLASSIC_TRADER
USOIL:It's time to go shortRecently, the WTI crude oil has been on a continuous upward trend with fluctuations. The current intraday price has reached a three - week high. At present, the long - position sentiment in the market is greatly influenced by the fundamental news, mainly due to the intensified U.S. sanctions on Iranian energy and the ineffective implementation of the 30 - day cease - fire agreement between Russia and Ukraine. Today's trading strategy: Focus on shorting at high levels. Currently, the price has a firm support at $69. Observe whether it can reach the resistance range of $69.5 again. If it breaks through the upper level, look at the important psychological resistance level of $70. Select to short again within the range. USOIL Trading Strategy: Sell@69.5-70 TP:68-67 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
TVC:USOILShort
by UnknownUnicorn91242686
Oil Surges Toward Four-Week Highs on U.S. Inventory DropOil extended gains and approached four-week highs, supported by an unexpected decline in U.S. crude inventories and persistent geopolitical tensions that keep international markets on edge. The price of WTI has once again surpassed $70 per barrel, its highest level in nearly a month. This bullish move is mainly driven by a 3.3 million barrel drop in U.S. commercial inventories, a figure that doubles analysts' initial expectations of only a 1.6 million barrel reduction. This significant inventory drawdown, reported by the latest release from the Energy Information Administration (EIA), reflects a robust domestic demand, largely fueled by increased activity at U.S. refineries. Over the past week, these facilities boosted their daily processing to an average of 15.8 million barrels, reaching a utilization rate of 87%, a considerable rise from the previous period. Similarly, there was a further decline in key refined product stocks: gasoline fell by 1.4 million barrels, while distillates dropped by 0.4 million barrels. These reductions suggest a healthy recovery in fuel consumption, though differences remain compared to historical averages: gasoline inventories are still 2% above the five-year average, while distillates remain a concerning 7% below. For oil-exporting countries like Mexico and Colombia, this situation presents a significant opportunity. Although average U.S. crude imports remain 11% below the same period last year, a sustained recovery could positively boost the economic outlook of these nations, offering key revenue amid a globally uncertain economic context. However, geopolitics remains a key player in the evolution of the oil market. The U.S. threat to impose 25% tariffs on Venezuelan crude imports has added pressure on the trade flow to China, the main buyer of Venezuelan oil. At the same time, new sanctions on Iran could further tighten global supply, once again placing Saudi Arabia in a position to cover any supply shortfall. Moreover, recent agreements between the U.S., Ukraine, and Russia to reduce attacks on energy infrastructure suggest an effort to partially stabilize the market; however, any breakdown in these negotiations could quickly reintroduce volatility in oil prices. Overall, while economic risks from trade tensions persist, the current balance between strong U.S. demand and supply constraints due to geopolitical factors is creating a bullish environment for oil. The energy market continues to show clear signs of strengthening, suggesting that prices could remain firm in the short term, with close monitoring of any unexpected shifts in the global landscape. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:SPOTCRUDE
by Pepperstone
WTI crude oil Wave Analysis – 26 March 2025 - WTI crude oil broke resistance area - Likely to rise to resistance level 71.00 WTI crude oil recently broke the resistance area between the resistance level 68.60 (top of the previous wave 1), resistance trendline of the daily down channel from February and the 50% Fibonacci correction of the downward impulse from last month. The breakout of this resistance area accelerated the active impulse wave 3 of the higher impulse wave (3). WTI crude oil can be expected to rise to the next resistance level 71.00, target price for the completion of the active impulse wave 3.
FX_IDC:USDWTILong
by FxProGlobal
WTI Crude INTRADAY oversold bounce back on maritime ceasefireThe WTI Crude Oil price action remains bearish, aligning with the prevailing downtrend. The current movement suggests an oversold bounce, but the broader outlook remains weak unless a significant breakout occurs. Key Levels to Watch: Resistance Levels: 70.50 (critical level), 71.30, 72.11 Support Levels: 67.95, 67.00, 65.40 Bearish Scenario: A rejection from the 70.50 resistance level could reaffirm the downside bias, leading to a continuation of the bearish move toward 67.95, with further downside targets at 67.00 and 65.40 over the longer timeframe. Bullish Scenario: A breakout above 70.50 with a daily close above this level would challenge the bearish sentiment, paving the way for further gains toward 71.30, followed by 72.11. Conclusion: The market sentiment remains bearish, with the 70.50 level acting as a crucial resistance zone. A rejection at this level could reinforce the downside trend, while a confirmed breakout would shift the outlook to bullish, favoring a potential rally. Traders should watch price action at this key level for further confirmation. 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 and The Elliott Wave Updates. The structure seen is a 5 Wave move and is part of a B(3 Wave structure) of a Flat marked in Black. In this 5 Wave move marked in Red we can see that Wave 2 was a Zigzag, meaning our Wave 4 would be a Flat. Wave 3 hits the 161.8% mark and moves back to form an A of the Flat marked in Green. B must be a 3 Wave move and must move beyond the ending of 3(Red). When this occurs, a Wave C is formed(Green) and hence Wave 4(Red). What is left is a final Wave, a 5, to complete the first impulse of B(Black). Upon completion there must be a corrective structure to separate the impulse that just ended and Wave B's final impulse. Marked in Blue, is Wave A that just ended, a Wave B that we can expect to be against the trend and a final one that will begin soon after. Note, Wave B(Blue) MUST be a 3-Wave move.
TVC:USOILLong
by machariavictor017
Hellena | Oil (4H): SHORT to the area of 65.268.Colleagues, I believe that the downward movement is not over yet, and now the price is in a complex combined correction. The second correction also consists of “ABC” waves. In an ideal scenario, the price completes wave “C” in the 70.000 area and starts the downward movement to the support area of 65.268. In general, the plan has not changed since the last forecast, but the bulls still have strength, so we should take the upward movement as an opportunity to profitably go short. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
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