Crude Oil – Range Getting Too Long to Ignore
Oil has been stuck in a prolonged range, and a breakout in either direction is becoming increasingly likely.
The overall trend remains bullish, as there’s been no confirmed trend reversal yet.
📌 Key Scenarios:
A break to the upside would signal continuation of the bullish trend.
A break below the range could confirm a potential trend reversal.
📈📉 To avoid missing the next move, this setup can be traded with Buy Stop above the range and Sell Stop below it, allowing you to catch the momentum regardless of the direction.
⚠️ Wait for confirmation on higher timeframes if you prefer less risk
USCRUDEOIL trade ideas
Crude oil rebounds after a correction!International oil prices continued to climb on Monday, though the gains were limited. Brent crude futures rose 8 cents to $70.44 per barrel, extending Friday's 2.51% rally. U.S. WTI crude edged up 5 cents to $68.50 per barrel, after surging 2.82% in the previous trading session.
The primary driver behind the current upward move stems from market expectations of further escalation in U.S. sanctions against Russia. U.S. President Trump stated on Sunday that he would provide Ukraine with the "Patriot" air defense missile system and deliver a "major announcement" on Russia-related issues on Monday. "Trump is dissatisfied with the Russian President's failure to advance the peace process, a stance exacerbated by Russia's continued bombing of Ukrainian cities in recent days.
In the short term (1-hour timeframe), crude oil has shown high volatility, with prices finding support at the lower edge of the wide trading range and moving higher again. The objective short-term trend direction is upward within the range, with sufficient bullish momentum. However, given the high probability of recent erratic price swings, there is a greater likelihood that intraday crude oil prices will encounter resistance at the upper edge of the range and pull back.
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USOIL Will Go Lower! Sell!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 67.883.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 62.518 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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WTI Oil H4 | Rising into a pullback resistanceWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 70.04 which is a pullback resistance.
Stop loss is at 72.70 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 65.91 which is an overlap support.
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WTI Crude Oil Daily Chart Analysis (symmetrical triangle)WTI Crude Oil Daily Chart Analysis
**Trend & Structure:**
* The chart displays a **symmetrical triangle** formation, signaling a **potential breakout setup**.
* Price is currently trading around **\$66.78**, gradually rising from its recent consolidation.
* **Higher lows** and **lower highs** indicate a tightening range, which usually precedes a sharp move.
**Support & Resistance:**
* **Support Zone:** Around **\$65.47–\$66.15**, marked by the 50 EMA and prior price reactions.
* **Resistance Levels:**
* **\$68.95** – Short-term resistance and previous peak.
* **\$72.81** – Strong horizontal resistance.
* **\$77.75–\$80.00** – Projected upper trendline zone of triangle.
**Moving Averages (Bullish Setup):**
* EMA 7: **\$66.15**
* EMA 21: **\$66.14**
* EMA 50: **\$65.47**
* All EMAs are aligned in bullish order (7 > 21 > 50), confirming **bullish momentum**.
**Volume Insight:**
* Volume remains relatively steady; a spike in volume with breakout from the triangle would confirm trend continuation.
**Trade Setup Suggestion (based on chart):**
* **Breakout Buy Idea:** If price breaks above **\$68.95–\$70**, potential upside to **\$77–\$80**.
* **Invalidation:** A break below **\$65** would invalidate the bullish structure.
**Conclusion:**
WTI crude oil is trading within a symmetrical triangle, supported by bullish EMAs and tightening price action. A breakout above \$69 could trigger a bullish rally toward \$77–\$80. Keep an eye on volume confirmation and geopolitical headlines that can impact oil fundamentals.
WTI Oil – From Conflict to StrategyBack on April 24, I marked a short zone. On June 11, price broke above that level, giving a long opportunity — which I took.
Unfortunately, it coincided with the tragic military strike by Israel on Iran, pushing oil sharply higher. I’ve pinned that analysis.
Following the ceasefire, price dropped again — just a reminder that geopolitics can shake the charts.
As traders, we stay prepared to act, even while acknowledging the deep sadness of lives lost.
Now I wait for price to reach my marked level again. If I get a valid signal, I’ll short.
But if price breaks and holds above, I’ll buy the pullback — with no bias, just pure execution.
Risk-managed. Emotion-neutral. Opportunity-focused.
WTI Crude corrective pullback testing support at 6500Trade Tensions & Inflation Impact on WTI Crude
Tariff Announcement: The US has imposed reciprocal tariffs on 22 nations, including major trade partners such as the EU, Japan, Canada, Mexico, and South Korea, after a failed trade agreement during the 90-day negotiation window.
EU Response: The EU is preparing retaliatory tariffs unless a deal is reached before the August 1 deadline, raising the risk of a trade war escalation.
Trump's Warning: The US President has threatened additional tariffs if retaliatory measures are enacted, compounding uncertainty in global trade flows.
Inflation Spike: US June CPI rose to 2.7% YoY, in line with expectations. The increase was driven by higher prices of imported goods, as tariffs begin affecting consumer costs.
Fed Policy Impact: Rising inflation weakens the case for a Fed rate cut in September, dampening liquidity expectations and investor risk sentiment.
Conclusion for WTI Crude Trading
The combination of rising inflation, tariff-driven cost pressures, and a potential stall in Fed easing is bearish for WTI crude in the near term.
Additionally, intensifying trade tensions threaten global demand outlooks, which may further weigh on oil prices.
Traders should expect near-term downside pressure on WTI crude unless there is a clear de-escalation in trade rhetoric or a surprise dovish pivot from the Fed.
Bias: Cautiously Bearish on WTI Crude near term.
Key Support and Resistance Levels
Resistance Level 1: 6830
Resistance Level 2: 6940
Resistance Level 3: 7045
Support Level 1: 6500
Support Level 2: 6435
Support Level 3: 6370
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WTI Crude Oil Analysis – July 15, 2025Following recent Middle East tensions, WTI crude oil briefly surged to around $77.
However, the price quickly retraced back to its previous range and seems to have resumed its prior downward trajectory — characterized by a gradual bearish slope.
🔍 It’s important to remember that before the geopolitical events, analysts were eyeing the $52 level as a potential target.
Now, with liquidity being absorbed around the $70 area, that bearish scenario remains valid.
📉 Unless oil decisively breaks above key resistance levels, the outlook continues to favor a slow, downward trend.
USOIL Will Go Lower! Short!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 66.917.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 62.519 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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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WTI Crude Oil Analysis – 4-Hour TimeframeWTI Crude Oil Analysis – 4-Hour Timeframe
At the moment, the price is trading below a key resistance zone (marked in red), which has previously triggered multiple pullbacks. The current price behavior near this area reflects market hesitation to break through this level.
🔴 Bullish Scenario:
If the price manages to break above this resistance zone and holds above it, we can expect the upward movement to continue toward higher resistance levels. This move may unfold in a step-by-step trend, accompanied by intermediate pullbacks. The next resistance zones could act as potential targets for the bullish wave.
🔴 Bearish Scenario:
If the price reacts negatively to the current resistance area and fails to break through, a bearish correction may follow. In this case, the nearby short-term support levels could be the first targets for sellers. If those supports are also broken, the likelihood of a deeper decline and continuation of the downward trend increases.
USOIL Will Collapse! SELL!
My dear subscribers,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 68.66 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 67.95
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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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WISH YOU ALL LUCK
Bullish bounce?USO/USD is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci reracement and could bounce from this level to our take profit.
Entry: 64.89
Why we like it:
There is an overlap support that lines up with the 61.8% Fibonacci retracement.
Stop loss: 63.08
Why we like it:
There is a pullback support.
Take profit: 69.97
Why we like it:
There is an overlap resistance.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Crude oil extends fallsThe crude oil market has entered a fragile and uncertain phase, with prices retreating from recent highs. While WTI crude is still holding above the critical $65 mark on a closing basis, it was below this handle at the time of writing. So, the overall tone remains cautious, with a bearish tilt expected to persist in the near term.
Technical Outlook: WTI Breaks Key Support
The WTI crude chart shows a breakdown of a short-term bullish trend line, and lower lows. The price failed to reclaim the 200-day moving average and found strong resistance since. Currently, it is testing support around $65.00. A daily close below this level could trigger further bearish momentum, with the next support zones seen at $64, and then the next round handles below that. $60 per barrel could be reached if the macro backdrop doesn't improve.
Geopolitical Factors: Trump’s Tariff Threats Dismissed
Donald Trump’s threats of 100% tariffs on countries buying Russian oil sparked initial concern but were ultimately shrugged off by the market. Traders interpreted the 50-day delay in enforcement and Trump’s historical pattern of backing off such threats as signs that immediate supply disruptions were unlikely.
OPEC+ Strategy: Supply Returning to the Market
OPEC+ has announced a larger-than-expected production increase of 548,000 bpd for August, with another 550,000 bpd potentially coming in September. This roll-back of earlier voluntary cuts aims to recapture market share, especially as U.S. shale production slows. However, the added supply may cap price gains, particularly as demand is expected to ease after the peak U.S. driving season.
By Fawad Razaqzada, Market Analyst with FOREX.com
Crude oil awaits upward breakthrough
💡Message Strategy
Inventory data provides short-term support, but it is difficult to change the trend
Although oil prices are under pressure overall, inventory data released by the U.S. Energy Information Administration (EIA) show that as of last week, U.S. gasoline and distillate inventories have dropped significantly, while gasoline consumption has increased by 6% month-on-month to 9.2 million barrels per day, indicating that the summer driving peak has brought short-term positive factors.
In addition, global aviation demand has also become an important variable to boost market sentiment. JPMorgan Chase pointed out in a client report: "In the first eight days of July, the global daily number of flights reached an average of 107,600, a record high, among which aviation activities in Asian countries have recovered to the peak in nearly five months."
The bank also expects that the average daily global crude oil demand growth this year will be 970,000 barrels, which is basically consistent with its forecast of 1 million barrels at the beginning of the year, indicating that although the consumption end is under pressure, it has not yet experienced a cliff-like decline.
📊Technical aspects
The short-term (4H) trend of crude oil breaks through the upper resistance of the range and runs in an upward trend. The moving average system is arranged in a bullish pattern, and the short-term objective trend direction is upward. The MACD indicator opens upward above the zero axis, and the bullish momentum is sufficient. The oil price fluctuates in a narrow range, and it is expected that the crude oil will continue to rise.
In terms of operation, crude oil is mainly long at a low level. If it rises to the target point, the direction will be selected according to the pattern and continued attention will be paid.
💰Strategy Package
Long Position:65.50-66.50,SL:64.00,Target:69.00-70.00