Crude Oil Tests Critical Support Level at $65.10FenzoFxโCrude Oil is consolidating below the $65.10 resistance, trading around $64.30. The price remains above the 50-period SMA on the 4-hour chart, confirming a bullish trend. However, the Stochastic Oscillator crossing above 20 signals overbought conditions, suggesting a potential pullback.
If oil stays below $65.10, a bearish wave could follow, targeting $62.31 and then $61.75.
Bullish Scenario: A close and stabilization above $65.10 could trigger the uptrend, targeting $67.60.
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OIL_CRUDE trade ideas
USOIL SENDS CLEAR BEARISH SIGNALS|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 64.59
Target Level: 60.50
Stop Loss: 67.30
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Oil on high time frame
"Regarding WTI oil, the price trend on high time frames is bearish, especially on the daily chart. After completing its pullback on the 4-hour chart, there are indications of further downside potential.
The market's volatility may be influenced by geopolitical tensions and political factors between Iran and the USA, as well as tariff issues. Despite these fluctuations, candle formations suggest the potential for prices to drop towards the $58 zone."
If you require more assistance or have any specific questions, feel free to ask!
USOUSD (WTI crude) breakout-pullback-bearish continuation?Oil has been bearish for several months now and making mostly lower highs while the area between 67.140 and 65.280 has provided solid support. About 3 weeks ago a breakout below occurred and a pullback to the support zone is now in progress.
I will be monitoring PA closely next week to see if there is any evidence of bearish continuation. If bearish price action does resume, IMO, we could well see the round number 50.00 be achieved.
This is not a trade recommendation; itโs merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a โboostโ and follow me to get even more. Please comment and share your thoughts too!!
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Major Crash on USOIL ???US OIL in danger of collapsing
Trading plan
SL:60
TP:50/ floating
Trading set up
break of major support since 2023 at 65 level
Lower low lower high that indicates bearish momentum
price below its moving averages that shows seller pressure
price rejects 0,618 fib retracement
reasoning:
trade war, China retaliation, global demand slowdown, and oil has broken its yearly major support.
Concerns about demand limit the upside potentialCrude oil lacks upward momentum, with the target pointing to $60.
USOIL
sell@62.8-63.3
tp:61.5-61
I hope this strategy will be helpful to you.
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WTI Crude Oil oversold bounce back resistance at 6600WTI Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action appears to be an oversold bounce back. A break below a key consolidation zone, could add pressure to the downside.
Key Levels:
Resistance: 6600 (former support, now resistance), 6670, 6750
Support: 6323, 6165, 6045
Bearish Outlook:
Price has broken below 6600, which was a key intraday consolidation level. If WTI sees a short-term bounce but fails to break above 6600, it could resume its downward move toward 6323, then 6165, and possibly 6045 over time.
Bullish Scenario:
If WTI breaks above 6600 and closes above it on the daily chart, the bearish setup would be invalidated. This could open the door for a short squeeze rally toward 6670, then 6760.
Conclusion:
The trend remains bearish below 6600. A rejection at this level would reinforce the downside bias. However, a confirmed break and daily close above 6600 would shift the outlook to bullish in the short term.
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.
Crude Oil Holds at Key ResistanceFollowing a sharp rebound from the $55 lowโmirroring broader market strength and gains in U.S. indicesโoil is now hovering near a key resistance level at $64. Meanwhile, major U.S. indices remain below their respective resistance zones, awaiting confirmation of further uptrends.
A sustained break and hold above $64 could open the door for additional upside toward $66 and $70.
On the downside, if gains fail to hold and prices slip back below $64, support levels to watch are $60, $58, and $55.
A decisive break below $55 may trigger a steeper decline, potentially driving oil prices back toward the $49 per barrel region.
Written by Razan Hilal, CMT
Bearish reversal?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 65.92
1st Support: 62.37
1st Resistance: 68.53
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Disclaimer:
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WTI Oil Inverse Head & Shoulders looking for a 4H MA50 break-outWTI Oil (USOIL) has formed an Inverse Head and Shoulders (IH&S) pattern, which is a technical bottom formation that signals the trend change to bullish.
So far the move is limited by the 4H MA50 (blue trend-line) which has 2 rejections already and is keeping the bullish break-out from happening.
If the market closes a candle above the 4H MA50, we will have a bullish confirmation signal. Our Target will be the 1.618 Fibonacci extension at $69.00 and not higher, because the long-term trend is limited by the wider Lower Highs trend-line of January.
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USOIL:Trading strategy for next weekThe recent trend of crude oil has been extremely volatile, and the market continues to digest the recent sharp decline. Trump's approach of "suspension plus intensification" has dealt a blow to the global supply chain and the confidence in energy consumption. In the short term, the bullish momentum is somewhat insufficient. The trend at the beginning of the week tends to be fluctuating downward, and it is mainly advisable to take short positions on the rebound following the trend.
Trading Strategy:
Sell@62-61
TP:58-56
The signals last week resulted in continuous profits, and accurate signals were shared daily.
Oil Market Watch: Corrective Patterns, Geopolitical Triggers So far, there have been no deviations from the expected scenario. The price appears to be forming a corrective pattern around a critical trendline. Last week, we anticipated movement under the "red scenario," but the "black scenario" now seems more likely. However, post-Iran news developments might still push us toward the red path.
The delayed ultimatum in Iran negotiations and optimistic comments about progress could trigger a downward move. Next, either breakthroughs with Russia or a continued S&P 500 decline (dragging oil lower) will shape the trajectory. News serves as context for reflection, not direct trading cues.
USOIL BULLS WILL DOMINATE THE MARKET|LONG
USOIL SIGNAL
Trade Direction: long
Entry Level: 60.44
Target Level: 73.81
Stop Loss: 51.51
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Crude rallies on Trump China trade optimism, WTI test key levelCrude oil prices were already on the ascendency but have just hit fresh highs on the day after the latest Trump remarks:
WILL MAKE GOOD DEAL WITH CHINA
WE WILL HAVE A DEAL WITH CHINA
But...
*TRUMP SAYS HE'S IN 'NO RUSH' TO CLOSE DEALS
Anyway WTI has risen to session highs, now testing a major resistance area around $65 give or take $1. The area is shaded on the chart. If we go above this zone then bullish, else the bears remain in control.
By Fawad Razaqzada, market analyst with FOREX.com
Oil Trends: Mid - Term Downward, Short - Term Breakout HintsFrom the perspective of the daily chart of crude oil, the moving average system in the medium-term trend is arranged downward, indicating that the objective direction of the medium-term trend is downward. After the oil price reached a low of 55.20, there have been frequent alternations between bullish and bearish forces. In the medium term, the bearish momentum is being accumulated, and it is expected that the price will further decline to the 50 mark in the later stage.
In the short term (1-hour chart), the crude oil price has been fluctuating within a narrow range for three trading days at the position of the right shoulder of the embryonic head-and-shoulders bottom pattern, and the proportion between the left and right shoulders is gradually becoming unbalanced. During the correction rhythm in recent days, the volatility of the oil price has gradually narrowed, and the market is waiting for the direction of the breakout. It is expected that there is a relatively high probability of a slight upward movement of crude oil within the day.
USOIL
buy@60.5-61
tp:61.5-62.5
Investment itself doesn't carry risks; it's only when investment is out of control that risks arise. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
Oil slumps as demand outlook dims and supply risesMacro:
- Oil prices stay weak as trade war fears weigh on global growth and energy demand.
- The IEA cut its 2025 oil demand growth forecast to just 730k bpd, the slowest pace in five years, down from 1.03 mln.
- Meanwhile, OPEC+ output is rising, with Saudi Arabia set to boost exports to China in May and Russia maintaining steady production, fueling oversupply concerns.
Technical:
- USOIL is in a clear downtrend fueled by lower highs and lows. The price is below both EMAs, indicating persistent downward momentum.
- If USOIL closes above the resistance at 63.30, the price may retest the following resistance at 65.80.
- On the contrary, remaining below 68.30 may pave the way to retest the support at 57.25 and 53.85, respectively.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
USOIL: Tech Clues for Next - Week MovesOn Friday, the crude oil market showed a slight rebound, and the daily line finally closed as a small positive line. From the perspective of the weekly line, a positive line doji pattern was formed. This series of price movements indicates that the price of crude oil seems to have shown a short - term stabilization signal. However, when looking at the overall market trend, the bearish forces still dominate.
In terms of technical analysis, on the 1 - hour chart, a golden cross has occurred, breaking through the resistance and leading to an upward movement. On the 2 - hour and 3 - hour charts, the price is supported by the MA38 moving average and is moving upward. Additionally, on the 4 - hour chart, a golden cross is about to form.
Based on this, in terms of trading strategies, it is recommended to adopt an approach that mainly focuses on shorting with occasional long positions as a supplement. Given the current market situation, one can first pay attention to the volatile rebound. In the short term, investors can consider taking appropriate long positions. It should be noted with particular emphasis that there is a strong resistance level in the range of 62.5 - 63.5 above. This area will pose a crucial constraint on the extent of the rebound in oil prices.
USOIL
buy@60.8-61.3
tp:62-62.5
Investment itself doesn't carry risks; it's only when investment is out of control that risks arise. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
Traders, if this concept fits your style or you have insights, comment! I'm keen to hear.