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! 🔥📈
SPOTCRUDE trade ideas
Heading into 38.2% Fibonacci resistance?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the pullback support.
Pivot: 71.33
1st Support: 65.73
1st Resistance: 73.43
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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.
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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.
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WISH YOU ALL LUCK
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.
USOIL SHORT FROM RESISTANCE
USOIL SIGNAL
Trade Direction: short
Entry Level: 68.25
Target Level: 65.67
Stop Loss: 69.99
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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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WATCH OUT FOR OIL'S DESCENDING TRIANGLE...A potential close above 70 will signal the likelihood of oil price to test trendline is sloping downward or the bearish order candle.
N.B!
- USOIL price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#usoil
#wti
#ukoil
WTI Crude Oil The Week Ahead 24th March '25WTI Crude Oil bearish & oversold, the key trading level is at 69.50
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USOIL: Short Trade with Entry/SL/TP
USOIL
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short USOIL
Entry - 68.25
Sl - 68.94
Tp - 67.09
Our Risk - 1%
Start protection of your profits from lower levels
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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.
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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
USOIL Market Analysis and Tactical InsightsCurrently, USOIL is trading around $67 per barrel.
On the supply side, while OPEC+ plans to increase production, ongoing geopolitical tensions in the Middle East are adding supply uncertainties.
On the demand side, U.S. fuel demand remains resilient, but the subdued global economic outlook may limit crude oil demand growth.
Technically, the daily chart shows moving averages in a bearish alignment, though the short - term RSI suggests relative market strength.
If the price rebounds and faces resistance near $67.9, consider a light short with a target of $66.
If the price stabilizes around $66, a long could be considered, with a target of $67.
USOIL Trading Strategy
sell@67.5-68
tp:66
buy@66
tp:67
I will share trading signals daily. All signals have been consistently accurate for an entire month. If you need them, you can check my profile for more information.
WTI Crude Oversold bounce back consolidationThe WTI Crude Oil price action exhibits a bearish sentiment, driven by the prevailing downtrend. The recent price movement appears to be an oversold bounce back, forming a bearish sideways consolidation pattern. This indicates that the bears remain in control, with limited buying interest observed despite the temporary upward correction.
Key Level (69.52):
The critical trading level to watch is at 69.52, which marks the previous intraday consolidation zone. An oversold rally approaching this level could face bearish rejection, reinforcing the downtrend. A failure to break above this zone would likely prompt a continuation of the downside movement.
Support Levels:
If the bearish sentiment prevails and the price is rejected from the 69.52 level, the downside targets include:
67.00 - Immediate support level.
65.73 - Secondary support.
64.23 - Long-term support level.
Bullish Scenario:
On the flip side, a confirmed breakout above the 69.52 resistance level, followed by a daily close above it, would negate the bearish outlook. This breakout could trigger further upward momentum, targeting:
70.42 - Initial resistance post-breakout.
71.02 - Subsequent resistance level.
Conclusion:
While the overall trend remains bearish, an oversold bounce could temporarily push prices higher toward the 69.52 resistance level. Traders should watch for potential rejection or a confirmed breakout at this level to gauge the next directional move. A failure to break above 69.52 would favor bearish continuation, while a breakout and daily close above would open the door for further bullish rallies.
Crude oil can break the neckline of current formationCrude oil has developed the upswing having hit the neckline of cup-and-handle formation. Currently, the price action is muted, but should the price come to test this area again, it might develop the upswing with a target of $70, as it is still considered a fair price from a supply/demand point of view.
OPEC+ has announced plans for several member countries to reduce output by between 189,000 and 435,000 barrels per day until June 2026 to address previous overproduction and tighten supply, so that’s a bullish factor.
Demand from China has slightly decreased, but the situation looks balanced for now and technical factor would probably dominate the action.
Long Idea WTI Crude Oil ($USOIL) – Liquidity Grab🟢 Bullish Scenario (Main Idea): This setup aligns with Smart Money Concepts (SMC), order flow, and liquidity principles—expecting a manipulation move before the real trend resumes.
Waiting on a new ICHOCH to form to valiadte this trade idea.
With A Potential move into the demand zone (marked as liquidity area).
Wait for confirmation after the liquidity grab, for entries a move away from the liquidity box is preferred.
Enter long positions targeting the weekly level at $68.87, followed by $69.33 and beyond.
Stop-loss below the liquidity zone for a tight risk-to-reward ratio.