Oil Short: Ending Diagonal and Rising WedgeI propose that Oil is a good short candidate because of what I am seeing:
1. Rising Wedge
2. Ending Diagonal within the Rising Wedge
I propose 3 entry points for shorting but mention that if you are shorting at the top of the trendline, to cater for false breakout, meaning more allowance in your stop.
Good luck!
SPOTCRUDE trade ideas
Hellena | Oil (4H): SHORT to support area of 55.204.Colleagues, I believe that the price will continue its downward movement. At the moment we are observing a combined correction. I expect the completion of wave “Y”. Even if it is already completed, the price is still waiting for a downward correction to the support area of 55.204. Therefore, I think that 55.204 is the 1st minimum target.
There are two possible ways to enter the position:
1) Market entry
2) Pending Limit orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Habibi, the Price is Right at 70-79$Habibi, the Price is Right
Post Content (with emojis version of title at the top):
🤝🛢️ Habibi, the Price is Right at 70–79$ 💸🎯
The Call That Never Happened (But Might Have)
📞 I was just updating my crude oil chart when suddenly… my phone rang.
No caller ID. I answered. And somehow— I was patched into a live call between:
🍊🦅 Trump and 🌴👑 the King of Saudi Arabia.
They mistook me for a translator.
So naturally, I stayed on the line.
Here’s how the oil market actually got settled...
🍊🦅 Trump: “Hello? Who is this? I have the best phone security. The Chinese can’t hack it. Nobody can.”
🌴👑 King: “Donald, ya’ani... it’s me!”
🍊🦅 Trump: “Me who? I know the most people, you sound like an immigrant, do you have a visa?”
🌴👑 King: “Your King of Saudi Arabia, habibi! Your favorite oil guy! I can afford all the Visas and Mastercards!”
🍊🦅 Trump: “My King! My favorite King, my guy, what a Tremendous timing. Oil prices are way too high. I need cheap oil to start my tariff wars again! ”
🌴👑 King: “Habibi, we said $88! We need to fund flying taxis and desert ski slopes. The Line isn’t building itself, ya’ani.”
🍊🦅 Trump: “But I gave you the PGA Tour! LIV Golf is huge ! You’re welcome.”
🌴👑 King: “ Mashallah , yes... but we paid this Tiger Woods $800 million just to say no. Wallah , that’s expensive rejection, Donald.”
🍊🦅 Trump: “That’s nothing my King. Peanuts. Melania’s token did better than that. Peanuts my King, peanuts for the camels. What about $76?”
🌴👑 King: “Cristiano Ronaldo costs $200M a year! And he wants an oasis with seven pools! And now we want Messi from Miami and Ronaldinho. Mashallah! ”
🍊🦅 Trump: “I need lower gas prices my King or I can’t revive the economy!
And you made Messi cry in the World Cup, my King — not my fault. You kicked his ass, not my fault..I need to check on his visa if he is legally in my great country (again) or i will send him to El Salvador and you can get him cheap from there”
🌴👑 King: “Inshallah. But we’re also building a ski slope in the desert. With real snow.
We need $88.88 oil Donald! 88$ minimum”
💙🧠 FXPROFESSOR: “Uh... sorry to interrupt... I don’t know how I got on this call... but I think I can help.
I understand charts.”
🍊🦅 Trump: “Who is that?!I know the voice, who is that?”
💙🧠 FXPROFESSOR: “I’m the FXPROFESSOR. And I might have a solution for you.
It’s called… The Compromise Zone. ”
🌴👑 King: “Ya’ani… go on.”
💙🧠 FXPROFESSOR: “$70–79. That’s where the technicals align.
Trump gets a few more months below that, help him with low oil for inflation until he can deal with Powell, then you two take it sideways in that range 70-79$ and you get stability for The Line, the AI and all the great things the Kingdom is working on.”
🍊🦅 Trump: “I know the Professor! I follow him on TradingView. Genius. Huge brain. One of the best brains. I bought Ethereum at 4400$ because of him and I'm down 60% but it's ok..peanuts, great guy the Professor, great guy”
🌴👑 King: “Inshallah. But we still have losses. Ya’ani... Donald, how do we cover them? And how did this guy get on our call habibi”
🍊🦅 Trump: “Easy King, it's easy! We launch a Great meme coin together, me and you, the greatest token in the world. We call it — $KINGOFARABIA —meme token, we Pump it on Solana. We'll pump it like you pump Oil. Gonna be Great, we will Cover the gap my King.”
🌴👑 King: “We tried blockchain before. Royal IT guy lost the wallet. Had to… correct the situation. Plus i also invested on Ethereum Donald, Solana is for the kids and the stuff”
🍊🦅 Trump: “Let's find a solution my King and i will do this for you: I’ll send Jerome Powell. A gift. Let him run your rates. Take him for free (please take him)”
🌴👑 King: “Jerome is good for my country, he is so cold he will make the temeratures drop 2 degrees, ok we take him but One more thing Donald… I want Taylor Swift at my nephew’s wedding? And please she comes dressed properly and act respectfully”
🍊🦅 Trump: “Done. Nobody says no to me. Except from the Feds, the Europeans, the Japanese, Canada and the penguins i taxed by accident. But that's ok, we make America Great again. I will send you the new Trump memorabilia collection, the best MAGA t-shirt for you my King. It's still made in China but it's soon to be made here at home, soon. ”
🌴👑 King: “Wait Donald! I just remembered.. Also... we want UFC in Riyadh, for ever! Big events. I want Dana White to agree and i want a podcast with Josh Rogans.”
🍊🦅 Trump: “I’ll talk to Joe Rogan, great guy Joe. I’ll call Dana. Maybe Khabib makes a comeback. I know fighters. Strong fighters. Big ratings. They love me. They love you too my King”
📉 And that’s how oil found balance between memes, monarchs, and macro.
📊 Chart Insights – USOIL 12h
❌ $93 = clear rejection
🟦 Compromise Zone: $70–79
🟢 $88 = Saudi’s macro target
🔻 $70 = Trump’s inflation floor
🔄 Consolidation expected unless OPEC or Powell shift the game
💬 What do you think? Are we just memeing the macro?
Or is this really how the oil market works in 2025?
One Love,
The FXPROFESSOR 💙🧠
Disclaimer: This is a fictional satire written for entertainment and educational purposes.
Any resemblance to real negotiations is purely… coincidental.
The chart is real, though — and so is the technical compromise.
Special Salam and much love to my friends in Saudi Arabia 🇸🇦 — the most wonderful people I’ve met in the world.The image is not of the new King but that's ok, great image.It's great! ❤️
US CRUDE OIL (#WTI): Intraday Bullish ReversalUSOIL reached a significant level of support last week and formed an inverted head and shoulders pattern before bouncing back and breaking through a strong downward trend line.
This indicates strong buying pressure and suggests that the market may continue to rise. The next resistance level for to watch is at 65.32.
Heading into Fibonacci confluence?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support which acts as and overlap support.
Pivot: 65.19
1st Support: 61.85
1st Resistance: 67.84
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.
USOIL CAUTION! BREAK - TEST - GO!This is my new updated chart of Oil.
Trump's "Drill baby Drill" interfering with the free market is the absolute worst thing he could do. His ridiculous tariffs will put us in an economic depression!
Oil prices are driven by demand! As I have mentioned here on TV so many times before! Increasing supply while heading into a recession is the dumbest thing possible! You never want to consume your own oil when you can consume others first! Simultaneously, F your own nation's oil company's profit margins and gov tax revenue!
This is why we shouldn't put toddlers as POTUS!
Anyway!!! This is a break test go! setup!
If you haven't seen it before, here is an example I recently posted with AAPL.
Click Boost, follow, subscribe! Let's get to 5,000 followers so I can help them navigate these crazy markets too. ))
Great Chance To Buy OIL To Get 500 Pips , Do You Agree ?Here is a very simple analysis on OIL . We have a broken res and very good price action , so i`m waiting the price to enter new trade on this pair , will wait for bullish Price Action on 1H / 2H Time frames to confirm my entry .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Market Analysis: WTI Crude Oil Rebounds in TandemMarket Analysis: WTI Crude Oil Rebounds in Tandem
WTI Crude oil prices climbed higher above $60.00 and might extend gains.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices started a recovery wave above the $60.00 and $61.50 resistance levels.
- There was a break below a connecting bullish trend line with support at $63.00 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price started a recovery wave from $58.40 against the US Dollar. The price gained bullish momentum after it broke the $60.00 resistance and the 50-hour simple moving average.
The bulls pushed the price above the $61.50 and $62.00 resistance levels. The recent high was formed at $64.20 and the price started a downside correction. There was a minor move below the 23.6% Fib retracement level of the upward move from the $59.87 swing low to the $64.18 high.
There was a break below a connecting bullish trend line with support at $63.00. The RSI is now below the 50 level. Immediate support on the downside is near the $62.0 zone or the 50% Fib retracement level of the upward move from the $59.87 swing low to the $64.18 high.
The next major support on the WTI crude oil chart is near the $61.50 zone, below which the price could test the $59.90 level. If there is a downside break, the price might decline toward $58.40. Any more losses may perhaps open the doors for a move toward the $56.20 support zone.
If the price climbs higher again, it could face resistance near $64.20. The next major resistance is near the $65.00 level. Any more gains might send the price toward the $68.50 level.
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.
WTI OIL Oversold rebound at the bottom of 7-month Channel Down.WTI Oil (USOIL) hit last week the bottom (Lower Lows trend-line) of the 7-month Channel Down while its 1D RSI turned oversold (<30.00), the lowest it's been since March 2020 and the COVID crash.
Naturally, the price rebounded but still hasn't even tested the 1D MA50 (blue trend-line), which indicates that it remains a strong medium-term buy opportunity. With the previous Lower Low almost reaching the 0.786 Fibonacci retracement level, we expect to see at least $72.50 in the medium-term.
-------------------------------------------------------------------------------
** 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.
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
WTI crude about to resume lower?WTI formed a large bearish engulfing candle on its daily chart yesterday near the key $65 resistance level. Was that an indication that prices have ended their corrective bounce? Time will tell, but today's oil prices have bounced back. With the trade uncertainty in the background, demand concerns remain high.
So, I wouldn't be surprised if prices were to resume lower from here. The trend is clearly bearish with the moving averages all pointing lower, not to mention the lower highs and lower lows.
If the selling resumes, watch for possible bounces at the next key round handles like $62, $61 and $60. But there is always the possibility of a sweep below this month's earlier lows if macro concerns intensify.
Meanwhile, the bullish idea is off the table for me for now until we see some progress in US-China trade talks at least, or if prices show a major bullish reversal signal.
By Fawad Razaqzada, market analyst with FOREX.com
Potential bullish rise?WTI Oil (XTI/USD) has reacted off the pivot and could rise to the 1st resistance which is a pullback resistance.
Pivot: 62.09
1st Support: 58.07
1st Resistance: 66.63
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.
Why Oil Could Gap Down on Monday▫️ Context
Amid ceasefire news 🕊️ and my dissatisfaction 😤 with the previous wave count, I spent 3 hours ⏳ searching for options with a sharp drop on Monday ⬇️.
▫️ What I Found
1️⃣ Complex Wave Count 🧩: To understand the wave logic, zoom in 📊.
2️⃣ Elliott Wave Rules 🧠⚡: Interpreting them correctly is like soldering a circuit board without instructions 🔧.
3️⃣ Why Now? 🌟: It’s nearly impossible during the week (market volatility + time pressure), but weekends are perfect 🛋️.
▫️ Takeaways
→ Glad we held short positions over the weekend 🤞.
→ News is overwhelmingly positive 📰 (but bearish for oil due to tariffs).
→ In a correction, keep positions aligned with the trend.
CRUDE OIL (WTI): Long From Support Explained
There is a high chance that WTI Crude Oil will go up
from the underlined key daily support.
As a confirmation, the price violated both a neckline of an inverted
head & shoulders pattern and a resistance line of a falling wedge
on an hourly time frame.
Goals: 63.780 / 64.275
❤️Please, support my work with like, thank you!❤️
OIL Approaching Critical Resistance –Will Bulls Hold Control?🔍 Price has broken above the 62.94 resistance and is now approaching the 65.75 resistance. Momentum is bullish, but the next move depends on how price reacts at this level.
📌 Marked Zones:
• Resistance: 65.75 ❌ | 68.70 🔼 | 71.88 🔼
• Support: 62.94 ⚠️ | 59.17 🔽 | 55.15 🔽
📈 Scenarios:
• Bullish Bias: A clean break and retest above 65.75 could open the way to 68.70.
• Bearish Bias: Rejection from 65.75 or failure to hold above 62.94 may lead to a drop toward 59.17.
📘 This is not financial advice. Always trade your plan.
Join me in being bearish on crude oil
Dear traders, remember to bask in the sun when your mood is moldy. Throw away what you should throw away, and don't think about the people you have missed. Life is boring, so make yourself relaxed and happy.
Crude oil has been running up recently. Yesterday, the daily line had a technical retracement under the pressure of 65.00. Today, we are still bearish. Let's continue to go short on the rebound. There is still a lot of room for crude oil shorts to fall. Today's crude oil rebounded near 64.00. If it breaks below 60.00, it will open up a new space for a big drop. The recent data and fundamentals of crude oil are suppressing it. Bulls predict a big rebound today.
Fundamental analysis
Operational suggestions
Crude oil------short near 64.00, target 63.00-62.00
Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy
USOIL: Start Shorting
After reaching $55, USOIL started to rise. Currently, it is approaching the key resistance level, which is around $64.5. You can start shorting when it reaches this area.
All the signals I sent have been profitable, and I will continue to send accurate signals.
USOIL Trading Strategy for Next Week:
usoil sell@64.5-65
tp:63-61
COLLECTING CONFLUENCE across multiple timeframes is your job!!!!All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
www.tradingview.com
Concerns about demand limit the upside potentialDriven by the U.S. sanctions on Iran's oil exports, crude oil rebounded in the short term. OPEC has received updated compensation production reduction plans from eight countries (reducing daily oil production by 305,000 barrels until June 2026), coupled with the U.S. intention to reduce Iran's energy exports to zero. The recent oil price rally is primarily driven by short-term news, reflecting supply disruptions and sentiment repair rather than fundamental improvements.
Although U.S.-Iran sanctions and OPEC quota adjustments may trigger periodic tensions, escalating global trade concerns and institutional downward revisions to demand forecasts will limit the upside of oil price rebounds.
USOIL
buy@62-63
tp:64-65
I hope this strategy will be helpful to you.
When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
Crude Oil Breaks Out — Is $65.5 the Next Wall?Price started its bullish move in the first week of April, and since then, it’s been making higher lows. Today’s candle broke cleanly above a key trendline, and price is now heading toward the $65.5 resistance, which could act as a critical decision zone.
Key Levels:
- Support: Around $63.2
- Resistance: $65.5 (next major wall)
- Setup: Trendline Breakout
What I’m Watching:
When price gets to 65.5, I’ll be looking for:
- A strong breakout (maybe even retest + continuation) to hold my buy
- Or a clear rejection to scale out or re-evaluate
I’m staying patient. I’ve picked my setup and I’m sticking to it — no jumping around. Let’s see how this plays out.
Cheers!
pClem Trades
USOILUSOIL price is near the support zone 62.10-60.89. If the price cannot break through 60.89, it is expected that in the short term there is a chance that the price will rebound. Consider buying in the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!