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WTI Cash (or Spot) Contract

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WTI Update | Oil CrashSince the last update we were able to perform about two to three swing trades. One from $70 - $79, and from $79 to $68. The next move I'm looking for is another short position from current market price ~($62) to swing to the next major low $33. We saw a rejection last week and we're currently pulling back to retest the little selloff we had. Could say this next local move will look to selloff mid week making its way back to $57 which would be a nice short term swing. The $33 target would be the long term swing of course and moving on I would like to see a break below $57 and a retest.
OANDA:WTICOUSDShort
by Nathanl19
WTI Crude Oil Price Targets Fresh GainsWTI Crude Oil Price Targets Fresh Gains WTI Crude oil prices are gaining bullish momentum and might even test $63.50. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI Crude climbed above the $60.90 and $61.50 resistance levels. - There is a key rising channel forming with support at $61.30 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 started a fresh upward move from $60.10 against the US Dollar. The price gained bullish momentum after it broke the $60.90 resistance. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $63.45 swing high to the $60.08 low. The price even climbed above the 50-hour simple moving average. It tested the $62.15 resistance zone and the 61.8% Fib retracement level of the downward move from the $63.45 swing high to the $60.08 low. There is now a key rising channel forming with support at $61.30. The RSI is now near the 50 level and the price could aim for more gains. If the price climbs higher again, it could face resistance near $62.15. The next major resistance is near the $62.65 level. Any more gains might send the price toward the $63.45 level or even $65.00. Conversely, the price might correct gains and test the $61.30 support level. The next major support on the WTI crude oil chart is near the $60.90 zone, below which the price could test the $60.10 zone. If there is a downside break, the price might decline toward $58.50. Any more losses may perhaps open the doors for a move toward the $55.50 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.
FXOPEN:XTIUSD
by FXOpen
1
WTI Oil H4 | Potential bullish bounceWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 60.44 which is an overlap support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 57.60 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement. Take profit is at 63.68 which is a multi-swing-high 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 (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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.
TRADU:USOILLong
by Tradu
USOIL Weekly Analysis – Major Breakdown and Retest in PlayAfter several months of holding firm, USOIL has finally broken below its key support zone around $67–$70, which had acted as a floor since mid-2021 . This is a significant technical development, and the current price action is showing a classic bearish retest of that broken structure. Technical Breakdown: Support Broken: The $67–$70 zone was tested multiple times over the past 2 years. Price has now cleanly broken through it and is struggling to reclaim it. Retest in Progress: Price is currently hovering around $62.36 and failing to push back above the broken support. This retest is textbook and could confirm further downside. Market Structure: Lower highs and lower lows dominate the weekly chart = clear bearish trend. Bearish Targets: Target 1: $53.50 – Previous minor demand zone from 2021. Target 2: $41.50 – Strong historical support and potential major bounce area. Invalidation Zone: If price closes above $70 on the weekly chart, the breakdown would be invalidated and we’ll reconsider our bias. Confluence: Broken multi-year support Bearish retest on weekly timeframe Clear downside liquidity below Summary: Bias: Bearish Setup: Short on confirmation of rejection below $67 Timeframe: Weekly / Daily This is a high-probability setup if the rejection continues. Look for further bearish price action on the daily or 4H chart for refined entries. As always, manage risk carefully . Like & Follow for more clean, high-timeframe breakdowns!
FX:USOIL
by Mrshazee
4
USCRUDEOIL - Potential Sell (Day Trading)Hi traders, Next week I am looking to SELL CMCMARKETS:USCRUDEOIL . Price Action Analysis: 4hr Chart: Price has been forming higher highs and higher lows, but has now broken a key support level (previous buyer zone), which may indicate a shift to seller control. We need to check the lower time frames to confirm if this supports a bearish bias. 1hr Chart: After breaking the buyer zone, price has started forming a new bullish structure. If this structure fails, it could confirm a sell setup. Stay on standby. Lower timeframe: Timing for entry Good Luck STUDY, STUDY, STUDY. Lorenzo Tarati :)
CMCMARKETS:USCRUDEOILShort
by tarati.lorenzo
Crude Oil Analysis 16-May-2025Crude oil analysis and what are the possible scenarios we could see. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
EASYMARKETS:OILUSD
by easyMarkets
USOIL:Beware of pullback.The short-term trend of crude usoil continues to fluctuate and fall, hitting the 60 mark. Usoil prices gained some support at 60 and formed a rebound rhythm. The moving average system still suppresses oil prices, and the objective short-term trend direction remains downward. In terms of momentum, the MACD indicator crosses upward below the zero axis, and bullish momentum strengthens. It is expected that after a slight upward movement in crude oil prices during the day, there is a high probability of being blocked again near 62.50 and falling. USOIL sell@62-62.5 tp:61-60.5 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.
TVC:USOIL
by H_C_01
Bullish bounce?WTI Oil (XTI/USD) has bounced off the pivot, which acts as an overlap support that is slightly above the 50% Fibonacci retracement and could rise to the 1st resistance. Pivot: 60.07 1st Support: 57.67 1st Resistance: 64.55 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.
ICMARKETS:XTIUSDLong
by ICmarkets
WTI Crude Returns to the $60 ZoneWTI crude oil has posted a drop of more than 4% in recent sessions as the market digests new announcements from OPEC+. The organization stated that current economic conditions could support growth in oil demand throughout 2025 and 2026. However, it remains firm in its decision to increase production starting in May and June, with monthly increments of 411,000 barrels per day, and has also announced another increase in July. This stance has sparked concerns in the market about a potential short-term oversupply. If this strategy persists, selling pressure could return to WTI price action in the coming sessions. Bearish Trend Since January 20, a clear bearish trend has been forming, pushing the barrel’s price below the $60 mark. While a notable upward move is currently underway, it remains insufficient to break the prevailing bearish formation, which continues to be the dominant technical structure in the short term. ADX The ADX line was previously hovering around the 40 level, reflecting high volatility in price movements. However, it has begun to flatten, and if this continues, it could suggest a loss of directional strength, paving the way for a more neutral price behavior. RSI The behavior of the RSI mirrors that of the ADX. It is currently oscillating around the 50 level, indicating a balance between buying and selling pressure, and reinforcing the potential for a neutral phase in the short term. Key Levels: $65 – Current Resistance: Aligns with the 38.2% Fibonacci retracement and acts as a key psychological level. A breakout above this level could extend the current bullish bias over the coming sessions. $67 – Distant Resistance: Matches the 50% Fibonacci retracement and a sideways zone observed in March. Sustained moves above this area could challenge the existing bearish structure on the chart. $60 – Crucial Support: Represents a consistent area of indecision in recent months. If the price returns to this level, the previous bearish structure could regain strength in the short term. Written by Julian Pineda, CFA – Market Analyst
FOREXCOM:USOIL
by FOREXcom