WTI Price Analysis: Key Insights for Next Week Trading DecisionMarket Overview:
๐ WTI at $66.00: Trading defensively near a three-year low amid tariff concerns and OPEC+ output hikes.
๐ Inventory Build: A larger-than-expected US crude inventory build (up by 3.614M barrels vs. a forecasted decline) is adding pressure on prices.
โ๏ธ Tariff Uncertainty: Despite Trump's recent executive order exempting goods from Canada and Mexico under USMCA, overall tariff uncertainty remains a key concern.
๐บ OPEC+ Output Increase: For the first time since 2022, OPEC+ has ramped up production, weighing further on WTI.
Technical Insights:
๐ Descending Channel: The 4H chart shows a clear descending channel. Watch for the potential break of the channel's resistance line to the upside.
๐ฏ Key Level: Next week, the critical level to monitor is $66.50 โ consider a buy if prices break above, and sell if they remain below.
Upcoming Catalysts:
โฐ US Employment Data: Keep an eye on the Consumer Price Index, Producer Price Index, Michigan Consumer Sentiment Index, EIA and API report. A weaker-than-expected report could lift the USD and boost oil prices.
Stay Tuned:
I'll provide a detailed update at the beginning of next week. Follow along for more insights and actionable trading strategies!
#WTI #CrudeOil #OilTrading #OilMarket #CommodityTrading #EnergyMarket #OilPrice #MarketAnalysis #TradingInsights #OPEC
Happy trading!
Disclaimer:
Forex and other market trading involve high risk and may not be for everyone. This content is educational onlyโnot financial advice. Always assess your situation and consult a professional before investing. Past performance doesnโt guarantee future results.
SPOTCRUDE trade ideas
Crude Oil (WTI) Analysis โ March 10, 2025
1. Long-Term Range Trading at Key Support
The chart shows that Crude Oil (WTI) has been respecting the green line as a strong support-resistance zone for the past 5+ years.
Previously, this level acted as resistance (2018, 2019, 2021) before a breakout, and since then, it has been tested multiple times as support (2022, 2023, 2024, and now 2025).
2. Support Holding or Breakdown?
Scenario 1: Support Holds (Bullish Case)
If crude oil takes support at this level again, it could see a bounce and attempt to rally higher.
The strength of the bounce depends on volume and global oil demand factors.
Upside targets in case of a bounce: $80-$90 range.
Scenario 2: Breakdown (Bearish Case)
If crude breaks this major support with strong selling volume, it could trigger a major downtrend.
Next support levels to watch: $55-$60 zone.
A break below this range could lead to a deeper sell-off, possibly towards $45-$50 levels.
3. Key Indicators to Watch
Volume: A breakdown should be confirmed with high volume; otherwise, a false breakdown is possible.
Global Factors: Oil prices are heavily impacted by OPEC decisions, geopolitical risks, and demand-supply factors.
Price Action Confirmation: If price forms a bullish reversal pattern (like a double bottom or pin bar) at this level, it may confirm support holding.
4. Conclusion: Decision Point Ahead
Crude Oil is at a critical junctureโeither it bounces from this strong support zone or breaks down into a bearish trend.
Traders should wait for confirmation before taking long or short positions.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Trading involves risks, and past performance does not guarantee future results. Always conduct your own research or consult a financial expert before making any trading decisions.
Would you like a detailed technical indicator-based confirmation for entry points? ๐
Oil - see if my trading plan works, trade only if it works in thHello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck!
OIL Testing 6 Month LowOIL Testing 6 Month Low
OIL Analysis Yesterday, OIL tested a very strong area dating back six months to September 10, 2024. OIL reached $65 per barrel after a long time.
The market reaction was strong, pushing the OIL price up again to $67.3, an increase of nearly 1.7%.
Impact of U.S. Tariff Policy The uncertainty around U.S. tariff policy is creating concerns about demand growth, while major producers are set to increase output. However, this is not pushing oil prices down at the moment.
It looks like we could see a short-term bullish recovery before it moves down again. The liquidity near $65 should have been high as long as it is rising.
You may find more details in the chart!
Thank you and Good Luck!
โค๏ธPS: Please support with a like or comment if you find this analysis useful for your trading dayโค๏ธ
WTI - High Probability of Continued Downtrend US Light Crude's 4-hour chart suggests a high probability that price will continue with the dominant downtrend and eventually break below recent lows. Currently trading around $67.17, crude oil has been in a persistent decline since late February, forming a series of lower highs and lower lows. The chart's projected path indicates a potential corrective bounce within the blue box area (approximately $68.50-$69.50), characterized by zigzag movements that would likely form a complex correction before resuming the bearish trend. This anticipated bearish continuation targets the horizontal red support line at around $65.77, with potential for moves below this level as indicated by the downward arrow. Recent failed attempts to sustain rallies and the steep decline from the $74.00 area reinforce the bearish outlook, suggesting that any upward movements should be viewed as selling opportunities within the larger downtrend.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
WTIThis chart is focused on short-term ICT analysis, showing liquidity zones, displacement, and market structure shifts.
1. Smart Money Liquidity Grab at 63.59-64.61
This is an Expected Liquidity Pool.
ICT concepts suggest that institutions often engineer liquidity grabs at key support levels before reversing.
The area around 64.61 is a sell-side liquidity sweep, designed to trap retail shorts before Smart Money initiates a bullish move.
2. Market Structure Shift (MSS) at 68.53
A break above 68.53 is a bullish shift, signaling a change in trend.
Displacement with a fair value gap (FVG) around 68.53 confirms momentum.
If price reclaims 68.53, expect Smart Money to target buy-side liquidity at 79.32 and later 91.21.
3. Buying Zone & Smart Money Accumulation (75-77 Range)
Once price reaches 79.32, expect a retracement into the 75-77 range, allowing Smart Money to re-accumulate.
A break above 91.21 unlocks the potential for higher moves, aligning with the higher time frame Elliott Wave 5 targets.
Full Market post NFP Review: Pure Consolidation as expectedEverything seems to be at an inflection point with currencies taking the reigns for profitability ๐ช๐ฝ EU/GU are inversing the dollar really well as always with that strong direct correlation. This is why we at Hollywoood Trades believe in market diversity. It is good to understand what should happen and what will be the result of an out of sync indices and metal market vs. the currency direct correlation pairs.
Share with someone in need of strong levels ๐ฏ
WTI Crude (USOil) The Week Ahead 10th March '25Sentiment: Bearish INTRADAY, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 6870, followed by 6930 and 7000.
Support: Key support is at 6610 followed by 6540 and 6440.
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.
USOIL On The Rise! BUY!
My dear friends,
Please, find my technical outlook for USOIL below:
The instrument tests an important psychological level 67.00
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 69.38
Recommended Stop Loss - 65.59
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
USOIL BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are going long on the USOIL with the target of 73.56 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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LIKE AND COMMENT MY IDEASโ
WTI crude oil Wave Analysis โ 7 March 2025
- WTI reversed from the multi-month support level 64.90
- Likely to rise to resistance level 68.60
WTI crude oil recently reversed sharply from the powerful multi-month support level 64.90, which stopped the previous sharp downtrend at the start of September.
The upward reversal from the support level 64.90 will likely form the daily Japanese candlesticks reversal pattern Morning Star Doji.
Given the strength of the support level 64.90 and the oversold daily Stochastic, WTI crude oil can be expected to rise further to the next resistance level 68.60.
WTI Crude INTRADAY Bearish below 6871Bearish Scenario:
WTI Crude remains in a bearish trend, with price action aligned with the prevailing longer-term downtrend. The key resistance level to watch is 68.71. If an oversold rally occurs but faces rejection at this level, the downtrend is likely to continue, targeting 66.50, followed by 66.08 and 65.75 as the next downside support zones over a longer timeframe.
Bullish Scenario:
A confirmed breakout above 68.71 and a daily close above this level would invalidate the bearish outlook. This could trigger further upside movement, with resistance targets at 69.34, followed by the psychological 70.00 level.
Conclusion:
The broader outlook remains bearish, but 68.71 is the key pivot level. Rejection from this zone reinforces the downside bias, while a sustained breakout above it could shift momentum toward further gains. Traders should watch price action around this level to determine the next move.
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.
WTI Oil H4 | Strong bearish momentumWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 68.46 which is an overlap resistance that aligns close to a 38.2% Fibonacci retracement and could potentially reverse off this level to drop lower.
Stop loss is at 70.70 which is a level that sits above the 61.8% Fibonacci retracement and a multi-swing-high resistance.
Take profit is at 65.20 which is a swing-low support.
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US Light Crude (WTI) - Buy SetupTechnical Analysis:
The overall trend remains bearish, but the price has stalled at a major support level of 6568.7, corresponding to the September 2024 lows. WTI has been rangebound for several months, with the upper end of the range at 8044.3. Yesterday's Doji candle signals indecision, and todayโs early move higher suggests potential upside. While speculative, the risk/reward setup appears attractive.
Fundamental Analysis:
The latest Commitment of Traders (COT) Report indicates increasing long positions in Oil, suggesting that institutional investors ("Smart Money") may be accumulating around current levels.
Seasonal Trends:
Historically, between March 18 โ May 21, Oil has delivered positive returns 76.47% of the time, with an average gain of 5.56% over the past 34 years.
Trade Setup:
Entry: 6630 โ 6765
Stop Loss: 6462 (below the 2024 low at 6568)
Target: 8044 (upper end of the long-term range)
Disclosure: I am part of Trade Nation's Influencer Program and receive a monthly fee for using their TradingView charts in my analysis.
WTI OIL hit its 2-year Support. Major rebound possible.WTI Oil (USOIL) didn't fail us on our last bearish idea (February 20, see chart below), where we called the 1D MA50 rejection:
The decline didn't just hit our $69.00 Target but also broke below the medium-term Channel Up and entered the 2-year Support Zone.
The long-term dynamics should gradually start emerging now and the principle parameter is that every time this Support Zone gets hit, WTI starts strong medium-term rallies.
Technically (even on 1W MACD terms), the decline since mid January is very similar with the one of mid April 2023. Both were produced after another Support Zone rebound and before that a long-term Channel Down (red) preceded them.
As a result, we expect a strong rebound for at least the next 2 months, which (as in the case of Fractal 1) should initially target at least January's High at $80.50.
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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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