Get started
Oil - Crude (WTI)Oil - Crude (WTI)Oil - Crude (WTI)

Oil - Crude (WTI)

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

OIL_CRUDE trade ideas

Crude Oil Price Action & Pattern Analysis Bearish Wedge Breakdown: The price was consolidating in a descending triangle / wedge pattern. It has now broken below the wedge, suggesting potential bearish continuation. Key Support Zones: Immediate support near 68.60 - 68.80 (highlighted in blue). FOREXCOM:USOIL The break of the 68.60 level with a strong bearish candle would serve as confirmation of a Head and Shoulders (H&S) pattern , with solid bearish implications. Stronger support around 66.20 - 66.50 , which is a previous demand zone. Resistance Zone: The red zone around 69.40 - 69.50 represents a rejection area , and the price failed to break above it.
TVC:USOILShort
by SaklainManzoor
WTI: downside potentialHi traders and investors! This analysis is based on the Initiative Analysis concept (IA). Weekly timeframe A buyer initiative is tentatively developing, yet the strongest buyer candle (highest volume) produced no follow-through. It was followed by two buyer candles on weak volume. Last week volume expanded again and clustered around 69.975, showing that sellers are still defending this level. Weekly seller targets: 65.628 and 64.378. Daily timeframe Sellers remain in control. The chart clearly shows volume manipulation around 69.975. Daily seller targets: 65.628 and 64.736. Wishing you profitable trades!
OANDA:WTICOUSD
by AlexeyWolf
USOIL REACHED THE 6,900.00 SUPPORT LEVEL. WHAT'S NEXT?USOIL REACHED THE 6,900.00 SUPPORT LEVEL. WHAT'S NEXT? As we told July 31, the price got reversed towards first support level of 6,900.00. Market participants are waiting for the OPEC+ meeting this week, expecting a significant output hike. Currently, the price sits slightly above the support level. Although, the asset trades above this level, considering the current weakness of the asset, further decline is expected. The 6,800.00 support level is the next target here.
FOREXCOM:USOIL
by ProfessorSingapore
USOIL IS GOING BULLISH. FOR HOW LONG?USOIL IS GOING BULLISH. FOR HOW LONG? Brent has started this week with a strong bullish momentum and holds near 6-week high on supply fears. President Trump announced plans to impose tariffs on Indian exports and penalize its Russian oil imports. In a parallel move, the US introduced its most extensive sanctions on Iran in seven years. The United States has even offered its oil to the world in exchange for Iranian and Russian oil, but there is evidence that the US production capacity is now at historic highs and is unlikely to grow in the near future. However, technically oil shows us bearish divergence on RSI and bearish wedge here. The price may reverse towards 6,900.00 as a first target. EIA data showed US crude inventories jumped by 7.7 million barrels last week—the largest increase in six months and defying forecasts for a decline. Market participants are waiting for the OPEC+ meeting this week, expecting a significant output hike.
FOREXCOM:USOILLong
by ProfessorSingapore
Bullish bounce off pullback support?WTI Oil (XTI/USD) is falling towards the pivot, which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 63.78 1st Support: 59.94 1st Resistance: 69.26 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
Market Analysis: Oil Prices Ease – Market Awaits Fresh CatalystMarket Analysis: Oil Prices Ease – Market Awaits Fresh Catalyst WTI crude oil is also down and remains at risk of more losses below $64.60. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI crude oil price continued to decline below the $66.00 support zone. - It traded below a connecting bullish trend line with support at $65.60 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 struggled to continue higher above $67.50. The price formed a short-term top and started a fresh decline below $66.00. There was a steady decline below the $65.80 pivot level. The bears even pushed the price below $65.00 and the 50-hour simple moving average. The price traded below a connecting bullish trend line with support at $65.60. Finally, the price tested the $64.75 zone. The recent swing low was formed near $64.73, and the price is now consolidating losses. On the upside, immediate resistance is near the $65.60 zone. It is close to the 50% Fib retracement level of the downward move from the $66.42 swing high to the $64.73 low. The main resistance is $65.80. A clear move above it could send the price towards $66.40. The next key resistance is near $67.50. If the price climbs further higher, it could face resistance near $70.00. Any more gains might send the price towards the $72.00 level. Immediate support is near the $64.60 level. The next major support on the WTI crude oil chart is near $63.20. If there is a downside break, the price might decline towards $60.00. Any more losses may perhaps open the doors for a move toward the $55.00 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
WTI Crude Oil Daily Chart Analysis (symmetrical triangle)WTI Crude Oil Daily Chart Analysis **Trend & Structure:** * The chart displays a **symmetrical triangle** formation, signaling a **potential breakout setup**. * Price is currently trading around **\$66.78**, gradually rising from its recent consolidation. * **Higher lows** and **lower highs** indicate a tightening range, which usually precedes a sharp move. **Support & Resistance:** * **Support Zone:** Around **\$65.47–\$66.15**, marked by the 50 EMA and prior price reactions. * **Resistance Levels:** * **\$68.95** – Short-term resistance and previous peak. * **\$72.81** – Strong horizontal resistance. * **\$77.75–\$80.00** – Projected upper trendline zone of triangle. **Moving Averages (Bullish Setup):** * EMA 7: **\$66.15** * EMA 21: **\$66.14** * EMA 50: **\$65.47** * All EMAs are aligned in bullish order (7 > 21 > 50), confirming **bullish momentum**. **Volume Insight:** * Volume remains relatively steady; a spike in volume with breakout from the triangle would confirm trend continuation. **Trade Setup Suggestion (based on chart):** * **Breakout Buy Idea:** If price breaks above **\$68.95–\$70**, potential upside to **\$77–\$80**. * **Invalidation:** A break below **\$65** would invalidate the bullish structure. **Conclusion:** WTI crude oil is trading within a symmetrical triangle, supported by bullish EMAs and tightening price action. A breakout above \$69 could trigger a bullish rally toward \$77–\$80. Keep an eye on volume confirmation and geopolitical headlines that can impact oil fundamentals.
BLACKBULL:WTILong
by Harry_Megat
USOIL Analysis : MMC Bullish Setup Building on USOIL – Target🧠 Introduction & Trade Philosophy In today’s 4H USOIL chart analysis, we are at a critical decision-making zone, where price action is preparing to make a major move in either direction, based on the response to a central demand zone. We are applying the MMC Rule, which emphasizes mirroring supply-demand behavior and validating market moves through structural confirmation. The current price structure presents a classic MMC scenario, where price must either confirm a bullish double demand reaction or invalidate the setup by breaking the key zone and moving bearish. 📍 Chart Structure Explained 🔷 1. Central Reversal Zones (CRZs) There are two CRZs highlighted: The upper CRZ around 65.90–66.20, where price was previously rejected. The lower CRZ, where price is currently consolidating, is around 64.80–65.50. These zones are liquidity-rich areas where big players react—either by absorbing positions or driving directional moves. 🟢 2. Bullish Scenario – MMC Rule In Play (Path 1) "If we want it bullish, we want 50% supply and demand will be double according to MMC Rule" According to MMC, a bullish move must be confirmed by a strong reaction from demand, showing double the pressure of the last bearish move. Here's how that plays out: Price respects the lower CRZ, bouncing near the 65.00 mark. If this bounce gains momentum and breaks above the trendline resistance, the first target is the minor resistance at $69.00, followed by the major resistance zone near $70.50–$71.00. A retest of broken structure, followed by bullish continuation, is expected. This is marked with the white zigzag projection labeled as “1” on the chart. Watch for a clear higher high formation, which would indicate a shift in structure and validate bullish momentum. 🔻 3. Bearish Scenario – Breakdown Confirmation (Path 2) "If it breaks, USOIL will go bearish" If price fails to hold the current demand and closes below $64.80–64.50, it signals that demand has been absorbed, and MMC reversal has failed. In that case: A clean breakdown below the demand zone will confirm bearish control. The next downside target becomes $62.00, as labeled “2” on the chart. The downward move is likely to follow a steep path as marked with the sharp downward trendline extension, especially if supported by volume and news catalysts. 🔄 Mirror Concept Highlight – Ellipse Area The ellipse shape on the chart marks a previous compression zone followed by a breakout. This area represents an imbalance in supply that led to a sell-off. The MMC principle suggests the market tends to mirror these zones—if that was previous supply, and the current demand zone mirrors its positioning and structure, we can anticipate a similar reaction, but to the upside. This is where the "50% double reaction" rule comes in—demand needs to show twice the strength to overcome the previous sell-side pressure. 🔧 Technical Levels Summary Zone Type Price Range Notes Major Resistance 70.50 – 71.00 Final target if bullish scenario plays out Minor Resistance 68.80 – 69.20 First bullish checkpoint Upper CRZ 65.90 – 66.20 Key structure to break for bulls Lower CRZ (Support) 64.80 – 65.50 Demand base for bullish setup Bearish Target Zone 62.00 – 61.80 Projected zone if support breaks 🧭 Trader’s Mindset & Risk Notes (MMC Style) Wait for clear confirmation and price behavior near the CRZs before entering. Use trendline breaks, candlestick confirmation, and volume to validate direction. Avoid guessing the direction—let price tell the story. Stick to MMC rules: No confirmation, no position. ✅ Bullish Criteria Checklist: ✔️ Price respects lower CRZ ✔️ Breakout above trendline ✔️ Closes above $66.20 ✔️ Higher highs + strong bullish candles ✔️ MMC Double Demand Reaction Confirmed ❌ Bearish Breakdown Triggers: ❌ Breaks below $64.50 ❌ Weak bounce + lower highs ❌ Volume increases on downside ❌ Clean breakdown structure 🚀 Trade Plan & Outlook We’re now at a critical zone where market sentiment will soon be clear. Based on your MMC analysis, the bias remains bullish as long as price holds above $64.80. Be patient and let the setup complete with structure confirmation. This is not just a technical play—it's a psychological zone, where institutional traders also make decisions. Follow the MMC logic and react with confirmation.
TVC:USOILLong
by GoldMasterTrades
CRUDE OIL Bullish Continuation! Buy! Hello,Traders! CRUDE OIL made a rebound From the support just as I predicted and the price Went further still and broke The key horizontal level Of 66.50$ and the breakout Is confirmed so we are Bullish biased and we will be Expecting a further bullish Move up! Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TVC:USOILLong
by TopTradingSignals
1