Triangle in oil, OPEC+ decision = gap down on Monday? ๐ข๏ธโ #OilNotCoffee | ๐ #TECHANALYSIS
๐ Oil appears to have formed a triangle in wave 4 and is poised for a major gap down on Monday, driven by OPEC+โs decision to accelerate production increases beyond initial plans.
Position:
โซ๏ธ Entered the weekend with short positions near peak exposure.
โซ๏ธ Critical level marked by the 100% red line.
โซ๏ธ Scenario suggests WTI prices wonโt drop below $50 immediatelyโwave completion within the highlighted range may lead to an extended sideways phase.
Strategy Status:
โซ๏ธ This scenario has been executed successfully for an extended period.
โ ๏ธ Disclaimer:
Our analysis is food for thought ๐ก, not trading signals ๐ซ๐.
Trade with cold-headed calculation โ๏ธ, your own plan ๐, and independent analysis ๐๏ธ๐จ๏ธ.
๐ฌ Your Forecast?
๐ Comment below โก๏ธ: How do you assess the risks and opportunities? ๐ฏ
SPOTCRUDE trade ideas
Oil Analysis: WTI Approaches the $60 Level AgainOver the past two trading sessions, oil has gained more than 4.5%, and is once again approaching the psychological barrier of $60 per barrel. This recent bullish movement persists despite OPEC+โs clear stance on increasing supply in June and the International Energy Agencyโs (IEA) cautious outlook on global oil demand for the remainder of the year. As such, it appears that oil prices are currently benefiting from improving market sentiment, particularly as investors await the outcome of the upcoming U.S.โChina trade negotiations.
Persistent Bearish Trend
Since mid-January, oil has maintained a steady downtrend, and so far, minor bullish retracements have not been strong enough to signal a meaningful reversal. Therefore, this downward technical formation remains the dominant structure to monitor in upcoming trading sessions.
RSI
The Relative Strength Index (RSI) continues to hover around the 50 level, indicating a sustained balance between bullish and bearish momentum. As long as this equilibrium remains, a neutral bias could dominate short-term price movements.
ADX
The Average Directional Index (ADX) remains close to the 40 mark, though the line has recently begun to flatten. This could be interpreted as a sign of weakening trend strength in the short term, likely due to the price currently testing a significant resistance zone.
Key Levels to Watch:
$60 โ Nearby resistance: A short-term psychological level. A break above this zone could reactivate a bullish bias and potentially lead to the formation of a new short-term uptrend.
$63 โ Main resistance: Aligned with the 50-period moving average. Sustained price action above this level could challenge the prevailing long-term bearish structure.
$57 โ Nearby support: A zone that matches recent multi-week lows. A drop below this level could reinforce bearish momentum and provide more room for the current downtrend to extend.
Written by Julian Pineda, CFA โ Market Analyst
USOIL:Strategic Analysis on ThursdayThe Ministry of Energy of Kazakhstan stated that the country has no plans to cut oil production in May. The country has continuously exceeded production limits, creating tensions within OPEC+. The Ministry of Energy in Astana said that the largest oil-producing country in Central Asia will have an average daily production of crude oil and condensate of 277,000 tons in May, remaining the same as in April, while the average daily production in March was 260,000 tons. OPEC+ has agreed to significantly increase production for two consecutive months, surprising traders and pushing down oil prices. This move is largely driven by Saudi Arabia, the leader of OPEC, which hopes to punish member states such as Kazakhstan that have continuously exceeded production limits. Crude oil has shown a trend of stabilizing and rebounding at a low level today, stabilizing and rising around $57.7, and showing a volatile upward trend. The key today is whether the upward trend of crude oil can continue to break above the level of $60.6.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
USOIL:Sharing of the Latest Trading StrategyAll the trading signals today have resulted in profits!!! Check it!!!๐๐๐
Due to the expectation that the China-US trade war has peaked, the oil price is expected to continue its rebound momentum and break through the level of $60 per barrel. However, the uncertainties of trade negotiations and the supply potential of Iran pose a dual pressure. In the short term, the fluctuations of the oil price will be more dominated by geopolitical factors and inventory dynamics. In terms of trading strategies, it is recommended to mainly go short on rebounds. In the short term, pay attention to the resistance at 61.0 above, and the support at 58.0 below.
Trading Strategy:
sell@61-60
TP:58.5-58
The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them!
๐ ๐ ๐ Obtain signals๐๐๐
USOIL:Strategic Analysis on ThursdayThe interest rate decision of the Federal Reserve is in line with market expectations.
Regarding the trend of USOIL, the price of $57.5 serves as the watershed between the bullish and bearish trends, and whether this price level rises or falls will directly affect the subsequent market trend.
At the same time, the conflict between India and Pakistan has recently escalated, with the most severe military confrontation in the past decade, and the civil war in Sudan is also intensifying. These geopolitical conflicts not only pose a serious threat to regional and global peace and stability but will also stimulate the commodity market. The potential threat of war to energy supply may also drive up the prices of energy sources such as crude oil.
USOIL
buy@57.5-58
tp:59-59.5
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
WTI - Will Oil Return to the Uptrend?!WTI oil is below the EMA200 and EMA50 on the 4-hour timeframe and is moving within its medium-term descending channel. If the downward trend continues towards the zone, the next opportunity to buy oil at a good price will be presented to us. A break of the drawn downtrend line will also be another confirmation to enter the oil buying process.
Goldman Sachs anticipates that the Federal Open Market Committee will maintain its pause on interest rate hikes. According to the bankโs asset management division, the continued strength of the labor market remains a crucial factor influencing the Federal Reserveโs decisions, prompting the central bank to adopt a cautious stance.
In a recent note, Goldman Sachs stated: โThe Federal Reserve is currently in a holding pattern, waiting for economic uncertainties to diminish.โ Although recent employment data have exceeded expectations, the bank believes that initiating a rate-cutting cycle would require clear signs of labor market weakeningโa development that could take several months to materialize. The note further stated: โSince the labor market has yet to exhibit any significant softening, the likelihood of another hold decision in the next meeting is high.โ
Meanwhile, U.S. President Donald Trump, ahead of his upcoming trip to Saudi Arabia, Qatar, and the United Arab Emirates, responded to a question about the potential renaming of the โPersian Gulfโ to the โArabian Gulfโ in official U.S. documents. He stated that a decision would be made following his trip and a related discussion.
Trump acknowledged the sensitivities surrounding the issue, saying he does not wish to offend anyone. He also referenced his prior executive order to rename the โGulf of Mexicoโ as the โGulf of America,โ which he described as a necessary move. He concluded by noting that a final decision regarding the name of the Persian Gulf would be made after the scheduled discussions.Additionally, the RIA Novosti news agency reported on Thursday that Chinese President Xi Jinping and Russian President Vladimir Putin had officially begun talks at the Kremlin. Prior to the discussions, Putin expressed his intention to engage with President Xi on โa broad range of bilateral relations,โ emphasizing that the Russia-China partnership is mutually beneficial. He also expressed his willingness to visit Beijing for a celebration marking Chinaโs victory over Japan.
According to the report, the two leaders are expected to issue joint statements and address the media following their talks. A correspondent from the TASS news agency reported that the agenda for the Xi-Putin discussions is likely to include bilateral cooperation in various sectors, such as energy, the conflict in Ukraine, and the development of the โPower of Siberia 2โ gas pipeline project.
Today's Layout Strategy for Crude OilOn Tuesday, due to the increase in demand from Asia and Europe, the decline in U.S. production, and the further escalation of the situation in Israel, international oil prices soared. After today's opening, oil prices have remained volatile at a high level, demonstrating strong resilience. The key dividing line between bulls and bears is at the crucial price level of $58.4. As long as this price level is not effectively broken, it will be difficult for the bullish trend of oil prices to change. Currently, oil prices are still within the bullish channel.
In terms of today's trading strategy, it is recommended to mainly place long orders on pullbacks, supplemented by a small number of short positions. Pay close attention to the resistance range of $60.8 - $61.6 above, and closely monitor the support area of $58.9 - $58.0 below.
USOIL
buy@58.80-59.30
tp:60.00-61.00
Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
USOIL H4 I Bearish reversal Based on the H4 chart, the price is approaching our sell entry level at 60.44, a pullback resistance that aligns with the 61.8% Fibo retracement.
Our take profit is set at 57.63, a pullback support.
The stop loss is set at 62.67, a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (โCompanyโ, โweโ) by a third-party provider (โTFA Global Pte Ltdโ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USOIL Bullish Shark PatternBased on harmonic Shark pattern analysis, the potential future trajectory of oil prices suggests an upward trend, initiated by a "Shark Dive" reversal pattern from the $54 level.
This indicates a likely bullish continuation contingent upon confirmation of the pattern's validity through subsequent price action.
Can it hit the bottom and rebound?Fundamental Analysis: Driven by the trade concerns sparked by Trump and the risk aversion sentiment arising from the global economic slowdown, the trajectory of oil prices has been shaped. Additionally, OPEC+ convened an early meeting on Saturday and confirmed an increase in production of 411,000 barrels per day in June. This decision has indubitably intensified the market's apprehensions regarding the oversupply of crude oil ๐.
Technical Analysis: Technically speaking, the price of crude oil has persistently lingered below the midline of the Bollinger Bands, distinctly indicating that the bearish trend is in the ascendancy ๐. Last week, on the weekly chart, it closed with a substantial bearish candlestick, exhibiting a downward tail pattern, and in the short term, the price has been fluctuating within a trading range ๐. As for the upcoming week's trend, whether the support level established by the previous double doji bottoming formation will be broken through effectively will be the focal point of market attention ๐. Nevertheless, once the price reaches the crucial support level, there exists the potential for a technical rebound. Investors should closely monitor the variations in trading volume and the response of the moving average system ๐.
Market Situation: It is crucial to note that due to the holiday factor in the Asian market next Monday, market liquidity is anticipated to decline significantly. Under such circumstances, the oil price is likely to encounter a higher risk of more pronounced volatility, further escalating the uncertainty of the market situation โ ๏ธ.
โกโกโก USOIL โกโกโก
๐ Buy@56.0 - 57.0
๐ TP 59.0 - 60.0
Accurate signals are updated every day ๐ If you encounter any problems during trading, these signals can serve as your reliable guide ๐งญ Feel free to refer to them! I sincerely hope they'll be of great help to you ๐
"US Oil Spot/ WTI" Energy Market Heist Plan (Day Trade)๐Hi! Hola! Ola! Bonjour! Hallo! Marhaba!๐
Dear Money Makers & Robbers, ๐ค๐ฐโ๏ธ
Based on ๐ฅThief Trading style technical and fundamental analysis๐ฅ, here is our master plan to heist the "US Oil Spot/ WTI" Energy Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk GREEN Zone. It's a Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. ๐๐ธ"Take profit and treat yourself, traders. You deserve it!๐ช๐๐
Entry ๐ : "The heist is on! Wait for the Neutral Level breakout then make your move at (59.90) - Bearish profits await!"
however I advise to Place sell stop orders above the Moving average (or) after the Support level Place sell limit orders within a 15 (or) 30 minute timeframe most NEAREST (or) SWING low or high level for Pullback entries.
๐I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs.
Stop Loss ๐: "๐ Yo, listen up! ๐ฃ๏ธ If you're lookin' to get in on a sell stop order, don't even think about settin' that stop loss till after the breakout ๐. You feel me? Now, if you're smart, you'll place that stop loss where I told you to ๐, but if you're a rebel, you can put it wherever you like ๐คช - just don't say I didn't warn you โ ๏ธ. You're playin' with fire ๐ฅ, and it's your risk, not mine ๐."
๐Thief SL placed at the nearest/swing High or Low level Using the 4H timeframe (63.00) Day/Scalping trade basis.
๐SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target ๐ฏ: 57.50
๐ฅ๐ข"US Oil Spot/ WTI" Energy Market Heist Plan (Scalping/Day Trade) is currently experiencing a Bearish trend.., driven by several key factors.๐๐๐
๐ฐ๐๏ธRead the Fundamental, Macro Economics, COT Report, Seasonal Factors, Intermarket Analysis, Inventory and Storage Analysis, Sentimental Outlook, Future trend predict.
Before start the heist plan read it. go ahead to check ๐๐๐๐๐๐๐๐บ
โ ๏ธTrading Alert : News Releases and Position Management ๐ฐ ๐๏ธ ๐ซ๐
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
๐Supporting our robbery plan ๐ฅHit the Boost Button๐ฅ will enable us to effortlessly make and steal money ๐ฐ๐ต. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.๐๐ช๐คโค๏ธ๐๐
I'll see you soon with another heist plan, so stay tuned ๐ค๐ฑโ๐ค๐ค๐คฉ
Crude Oil's Bearish Trend Continues: Intraday Trading StrategiesDuring the US trading session on Monday, crude oil recovered part of the losses from the sharp decline at the opening of this week. Previously, OPEC+ unexpectedly increased production again, causing crude oil to continue the bearish trend that has been gradually taking shape since March.
Today, the price of crude oil first rose and then fell. After hitting a new low, the upward trend continued, but when it reached around $57.7, it encountered significant resistance. Looking ahead, it is expected that crude oil will experience an oscillation phase first, and then continue its downward trend.
Currently, crude oil is still in a bear - dominated trend. For intraday trading strategies, it is recommended to focus on short - selling on rallies and use buying on dips as a secondary approach. Pay close attention to the resistance range of $57.7 - $58.5 on the upside and the support range of $55.5 - $54.0 on the downside.
USOIL
sell@57.30-57.50
tp:56.50-56.00
Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
WTIThis is WTI, and if we look at previous analyses, I predicted that when the price reached the first zone, it would rise to the major upper zone. The price then dropped and broke through Zone 1.
This time, although the price has breached the first zone, it doesnโt mean it wonโt reach the upper zone. So, I now predict the price will make a very strong upward move and break through the first zone again and hit the take profit (TP).
USOIL Is Going Up! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 57.535.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 61.620 level.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
Market Analysis: WTI Crude Oil TumblesMarket Analysis: WTI Crude Oil Tumbles
WTI Crude oil is down over 10% and remains at risk of more losses.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices extended downsides below the $60.00 support zone.
- A major bearish trend line is forming with resistance near $57.25 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 $60.00 against the US Dollar. The price formed a short-term top and started a fresh decline below $58.00.
There was a steady decline below the $57.75 pivot level. The bears even pushed the price below $56.20 and the 50-hour simple moving average. Finally, the price tested the $55.00 zone. The recent swing low was formed near $55.01, and the price is now consolidating losses.
There was a minor move above the $55.50 level. On the upside, immediate resistance is near the $56.10 level and the 23.6% Fib retracement level of the downward move from the $59.49 swing high to the $55.01 low.
The next resistance is near the $57.25 level. There is also a major bearish trend line forming with resistance near $57.25. The trend line is near the 50% Fib retracement level of the downward move from the $59.49 swing high to the $55.01 low.
The main resistance is near a trend line at $57.75. A clear move above the $57.75 zone could send the price toward $59.45. The next key resistance is near $62.25. If the price climbs further higher, it could face resistance near $63.20. Any more gains might send the price toward the $65.00 level.
Immediate support is near the $55.00 level. The next major support on the WTI crude oil chart is near $53.00. If there is a downside break, the price might decline toward $52.00. Any more losses may perhaps open the doors for a move toward the $50.00 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.
Oil on high time frame
"Regarding WTI oil, the price trend on high time frames is bearish, especially on the daily chart. After completing its pullback on the 4-hour chart, there are indications of further downside potential.
The market's volatility may be influenced by geopolitical tensions and political factors between Iran and the USA, as well as tariff issues. Despite these fluctuations, candle formations suggest the potential for prices to drop towards the $58 zone."
If you require more assistance or have any specific questions, feel free to ask!
USOIL:Sharing of the Latest Trading StrategyThis weekโs trading wrapped up successfully. Our exclusive VIP trading signals achieved a 90% accuracy rate!๐๐๐
This week, crude oil prices have consecutively closed with bearish candles and declined. On the 4-hour chart, there are four consecutive bearish candles exerting pressure. On Saturday, the OPEC+ convened a meeting ahead of schedule and confirmed the decision to increase production by 411,000 barrels per day in June, which further intensifies the market's concerns about oversupply. It is recommended that for crude oil trading next Monday, short positions should be mainly taken at the resistance level during rebounds.
Trading Strategy:
sell@59.5-58.5
TP:57-55
The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them!
๐ ๐ ๐ Obtain signals๐๐๐
Crude Oil Outlook and Trading Tips for Next WeekThe expected production increase by OPEC+, trade concerns triggered by Trump, and the risk aversion sentiment in the global economy dominate the price trend of crude oil. On Saturday, OPEC+ confirmed a production increase of 411,000 barrels per day in June, intensifying concerns about oversupply. Technically, the bearish trend dominates the crude oil market. Due to the low liquidity in the Asian market caused by holidays next Monday, the oil price is likely to fluctuate significantly.
Last week, crude oil continued to decline and closed with a large bearish candlestick on the weekly chart. Next week, the focus is on whether the oil price will break below the previous double-bottom support. In the short term, the oil price has been fluctuating within a range. Currently, it is under pressure and adjusting around $64.88 per barrel, and there are signs of it encountering resistance for the second time around the $60.2 resistance level.
In conclusion, it is highly probable that crude oil will continue to be under pressure. On Monday, it is advisable to mainly consider shorting on rebounds and supplement with going long at low levels. Pay attention to the resistance levels of $59.3 - $60.3 per barrel on the upside and the support levels of $57.7 - $56.3 per barrel on the downside.
USOIL
sell@59.5-59.20
tp:58.00-57.50
Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
Oil to soon hit below $50.0Please ignore that Asia BOX. Besides that oil is coming further down. but trying to fine tune my entry and exit setup. For me this would be a nice good grade setup cuz of L mapping. I think its got more downside to fall. Hope its not too greedy to set that huge of TP but you never know with commodities and expectations run outside of the reality as bigger the TF more inaccurate you shall be.