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WTI Cash (or Spot) Contract

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SPOTCRUDE trade ideas

CRUDE is looking weak. Price connection is expected#CRUDE #Analysis Description --------------------------------------------------------------- + Crude has formed a nice descending triangle pattern and price has broken down the support line which formed over the years. + A clear breakdown from this support would push down the prices further. + Next target is 50-40$ range. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
TVC:USOILShort
by VectorAlgo
Treasury Secretary Bessent: Make Iran broke again Treasury Secretary Scott Bessent, speaking at the Economic Club of New York, said the U.S. is enforcing sanctions on Iran for “immediate maximum impact,” warning that Iranians should move their money out of the rial. The goal is to cut Iran’s oil exports from 1.5 million barrels per day to near zero. His comments came as oil prices fell to multiyear lows on Wednesday, driven by concerns that tariffs on Canada, Mexico, and China could slow economic growth and weaken crude demand. Following Bessent’s remarks, both U.S. crude and Brent prices turned positive, with JP Morgan analysts noting that a decline in Iranian supply is currently the only bullish factor for oil prices. Bessent also signaled that the administration is prepared to impose full-scale sanctions on Russian energy if it helps lead to a ceasefire in Ukraine. This is a welcome shift from the Trump administration, who so far has only been pressuring the victim of the war rather than the perpetrator.
BLACKBULL:WTI
by BlackBull_Markets
USOIL Bearish Momentum - Will It Reach 64.40?TVC:USOIL has broken below a key support zone, which has now flipped to resistance, aligning with a potential bearish continuation. The recent retest of this level held successfully, indicating strong seller interest and reinforcing the bearish outlook. With momentum favoring the downside, the next logical target is 64.40, aligning with the prevailing bearish trend. As long as the price remains below the resistance zone, the bearish bias stays intact. If you have anything to add or a different perspective, I’d love to hear from you in the comments!
TVC:USOILShort
by DanieIM
8
USOIL Will Go Lower From Resistance! Sell! Please, check our technical outlook for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 6,657.4. Considering the today's price action, probabilities will be high to see a movement to 6,198.3. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FOREXCOM:USOILShort
by SignalProvider
1
Oil support check.Three-month chart. This is a situation on a very shaky edge. The price has been crawling between the Kijun and Tenkan lines for two years, the first of which works as resistance and the second as support. A break of the ~$64.70 level could mean an exciting rally down to the ~$40 level first. Speaking simply about the design of such an Ishimoku cloud, I would like to say. we need to pay attention to the elongated cloud at the bottom. And now the price may dive under it and fall into the $ 25-20 range for a while. After that, it will start its recovery and it will again strive upwards to the level of $ 64.70. So far, even Trump's statements have not broken the support. But stand to drop the price out of the cloud, you will see a plunge to the depths.
TVC:USOIL
by averkie_skila
Oil Prices Plummet as Trade Tensions RiseOil prices took a hit after Trump's tariffs were announced, and it's essential to understand the reasoning behind this drop. When US imposed tariffs on Chinese goods, China retaliated by placing tariffs on US goods, including oil. This move led to a decrease in oil demand from China, which is the world's largest oil importer. As a result, oil prices plummeted. ◉ Key Factors Behind the Decline ● Trade Tensions: The escalation of trade tensions between the US and China led to a decrease in oil demand, causing prices to drop. ● China's Tariffs on US Oil: China's decision to impose tariffs on US oil imports reduced demand for US oil, contributing to the price decline. ● Global Economic Slowdown: The ongoing trade tensions and tariffs have led to a slowdown in global economic growth, further reducing oil demand and prices. ● Increased Oil Production: The US has been increasing its oil production, leading to a surplus in the market and contributing to the decline in oil prices. ◉ Technical Observations ● A notable decline in oil prices has been observed since mid-January 2025. ● Prices are currently hovering near the critical support zone around $66, a level that has historically provided a floor for prices. ● If this support level is breached, it may trigger a further decline in oil prices.
OANDA:WTICOUSD
by NaranjCapital
OIL Could Test 66, Bearish Trend Is IntactOIL Could Test 66, Bearish Trend Is Intact Technical Analysis: The price may rise to test the broken structure zone near 68.70 before potentially moving downward again. The first support zone is anticipated at 67.10, with a lower support level at 66.00. Oil prices declined for a third consecutive session as major producers' plans to increase output in April, along with concerns over U.S. tariffs on Canada, Mexico, and China, dampened investor sentiment and raised fears of slowed economic and fuel demand growth. - as reported by Reuters. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
TVC:USOILShort
by KlejdiCuni
1
WTI Crude Oil (USOIL) BUY OPPORTUNITYTrade Setup 📉 Current Price: 66.40 🎯 Take Profit 1: 80.50 🎯 Take Profit 2: 87.29 🎯 Take Profit 3: 93.54 🛑 Stop Loss: 🔍 Why is this a high-probability setup? ✅ Historical RSI Reversals: Since November 2021, crude oil has reversed from the RSI 30 oversold level 5 times—each time leading to significant bullish rallies. We are once again at this critical point, signaling a potential strong rebound. ✅ Accumulation Zone for Buyers: Price has now entered a key accumulation area where buying pressure has consistently stepped in over the past 3 years. This zone has historically acted as a springboard for price rallies, making it an ideal location for long positions. ✅ Key Resistance Levels to Watch: If momentum picks up, we can expect price to retest major resistance levels at $80.50, $87.29, and potentially $93.54, aligning with historical price action. 🎯 Strategy & Risk Management: Entries in this zone have high reward potential with proper risk management. Stop-loss placement should be based on your personal risk tolerance, ideally below the accumulation zone. Keeping an eye on fundamental drivers like OPEC decisions, geopolitical tensions, and inventory reports will help in trade management. 🚀 Conclusion: Crude oil is at a historically significant buy zone with strong technical confluence. If history repeats itself, we could see a powerful rally from these levels!
TVC:USOILLong
by ValchevFinance
US OILUS OIL is making a falling triangle pattern on the weekly timeframe. The new administration in US is skeptical on high prices of oil, it is assumed that the US will want lower prices of oil in order to boost up economic activity amidst cease fire in the middle east region. Having all this is consideration and reviewing the pattern on the chart we can expect the oil prices to fall drastically once it breaks down the triangle. As the analysis is on weekly timeframe, it might take a few months to achieve the levels of 45 to 50. On the other hand if there is such a development that can shoot up the oil prices than this analysis should be considered null and void. As you all may know oil prices is one of the few commodities that is driven by news and events rather than pure charts analysis.
BLACKBULL:WTIShort
by TRADETITANWAQAS
WTI CRUDE OIL: Major bullish signal on 1W.WTI Crude Oil turned oversold on its 1D technical outlook (RSI = 30.839, MACD = -1.280, ADX = 30.692) as it entered the 2 year S1 Zone. This is where all major rebounds took place. In the meanwhile a 1W RSI below 40.000 (like now) has been the strongest buy signal in the same period of time. Buy and target the LH Zone (TP = 76.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
1
WTI crude looks set to break $65 handleCrude oil prices have dropping another 4% with Brent reaching its lowest levels since December 2021, after breaking the September 2024 low of $68.60. If Brent is anything to go by, WTI looks like it too will break its corresponding September 2024 low of $64.95 - and therefore the $65.00 psychological level - soon. Oil price prices have dropped on concerns about the economic impact of Trump's tariffs and after the OPEC+ decided to proceed with a planned April output increase. Is WTI heading down to $60? By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:USOIL
by FOREXcom
WTI Crude under pressure ahead of the weekly InventoriesBearish 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.
TRADENATION:WTI
by TradeNation
UOIL ANALYZE # 1. Is this the right time to take a short positioI missed the first opportunity(marked in a chart with an arrow) last Friday, but this chart is going on my watchlist to find another chance to take a short position. As you can see in the chart, the price fluctuates between 70.36 and 72.88 within the green rectangle range box.The last downtrend wave that broke the support level at 70.433 is very strong, and it began from the top of the range box. The target area marked on the chart is a key level and a very strong support for WTI. Actually, when the price broke the 70.40 support level, I could have taken a short position, but considering the stop-loss size, it was not easy to make a good gain. I'm going to wait for a price correction. If I find a sell setup, I'm going to take a short position.A lower low and lower high are going to be the next short trigger. Trading futures is always risky. Always do your own research and analysis. Do not forget the most important part: risk management. No one can predict how financial markets will behave with certainty.
FX:USOILShort
by ESsmaeel