WTI rebounds from key support as Middle East tensions intensifyThe latest escalation in the conflict between Israel and Iran initially didn't cause much panic in the oil market. After spiking initially to an overnight high of $75.70, WTI has since been on a decline, before hitting a low so far of $68.50. That represents a 9.5% drop from the overnight high, which is massive. Investors have been pricing out the risk of of oil supplies being meaningfully impacted. But the latest air strikes on Tehran and Israel declaring that it had "full aerial operational control" over Tehran means tension are rising another bombardment of Tel Aviv was most likely on the agenda for Iran. Oil has been bouncing back as a result. So far, it hasn't impacted equities, with major US indices remaining near their session highs. But will that change if oil extends it recovery?
Key support at $68.60 has been defended as we can see on the hourly chart. $70.00/$70.10 is now reclaimed, which is a bullish sign. Resistance is seen around $72.20. Above that, $73.00 will be in focus.
By Fawad Razaqzada, market analyst with FOREX.com
USCRUDEOILCFD trade ideas
Oil Set to Surge? Aggressive Entry Ahead of Potential BreakoutWTI is showing signs of a breakout following reports suggesting price spikes ahead. I've taken an aggressive position early, with an extreme risk-reward setup. A more conservative 3R idea also sits in play if price confirms. Watch for a trendline break—the clearest sign of lift-off. But be warned: the gap breakout may hit before many can get in. Momentum is building fast.
WTI above $75 on fears of US involvement in Israel-Iran conflictThe Israel-Iran situation is quite different this time and with Trump announcing that *we* now have full control over Iranian skies, suggesting the US is entering the fray – hardly a surprise to be honest - this is not going to end well. The conflict may get far worse in the short-term, and this will send shockwaves through the oil markets – especially if there are disruptions in the Strait of Hurmuz. Oil prices could easily spike to $100 and higher in the worst-case scenario. So, the situation is quite serious, unfortunately. Let's hope that it quickly de-escalates and lives are not lost.
But make no mistake, this could get really big - especially with headlines like these coming out in the last few minutes:
*US OFFICIALS SAY TRUMP 'SERIOUSLY CONSIDERING' STRIKE ON IRAN: AXIOS;
*TRUMP TO MAKE POLICY DECISION ON ISRAEL-IRAN: AXIOS
*IRAN WILL SOON LAUNCH 'PUNITIVE' OPERATION AGAINST ISRAEL: IRNA
The picture is looking quite grim, unfortunately.
by Fawad Razaqzada, market analyst with FOREX.com
Oil panic buying after Iran Strikes?President Donald Trump has confirmed that the U.S., in coordination with Israel, has conducted three strikes on Iranian nuclear facilities.
Will there be panic buying of WTI and Brent at the open?
In response, Iran’s parliament has approved a proposal to close the Strait of Hormuz, a key global oil shipping route. The final decision lies with Iran’s Supreme National Security Council and Supreme Leader Ayatollah Ali Khamenei.
If a blockade is enforced, oil prices could rise sharply. ClearView Energy Partners estimates a short-term closure could add between $8 and $31 per barrel. JP Morgan has suggested that a full-scale conflict and complete shutdown could drive prices to $130.
USOIL BEST PLACE TO SELL FROM|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 73.94
Target Level: 72.14
Stop Loss: 75.12
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
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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US OIL bullish rally !Technically, the $71-$74 range appears to be a reasonable short-term consolidation zone, provided no significant escalation in Iran tensions occurs. However, given the high likelihood of worsening tensions, USOIL may retest $80 and potentially even surpass $80 and can touch 86$, driven by geopolitical developments.
TVC:USOIL
entered @70$. SL 68.3$
partially booking @80
Holding rest till 85$ with Trailing SL
WTI drops as Trump keeps markets guessing Despite a huge draw in US crude inventories - not that this was going to move the market given the focus being firmly fixated on the Middle East situation - oil prices fell as Trump kept markets guessing about US military involvement in Iran. The US president said: "I may do it. I may not do it. Nobody knows what I’m going to do." The US president also revealed that he told Israel PM Netanyahu to keep going, but has not given an indication that the US will provide more help. Meanwhile, Iran has issued an evacuation warning for residents of Haifa, Israel. This suggests that the conflict is far from over. But for now at least, the US is not getting involved, if one can believe Trump.
Anyway, WTI is now back at short-term support here, around the $72 handle. If it goes back above $73.00 again then we may see momentum build up again to the upside, especially if the war between Iran and Israel escalates.
By Fawad Razaqzada, market analyst with FOREX.com
Crude oil continues to decline - latest market trend analysisThe international oil market is currently experiencing a classic upward cycle of "geopolitical risk premium". In the short term, oil prices will be highly sensitive to any news regarding the security of the Strait of Hormuz. Crude oil has continued its volatile upward trend in the short term, surging to test the price near $74. The moving average system is bullishly aligned with oil prices, and the objective short-term trend direction remains upward.
In early trading, oil prices hit a new high near $75.30, but then surged and fell, closing with a bearish real body K-line. The short-term momentum still favors the bulls, and it is expected that the intraday trend of crude oil will continue to maintain a high-level volatile upward rhythm.
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Trading Strategy:
buy@68.5.0-69.5
TP:73.0-74.0
USOIL Will Go Higher From Support! Buy!
Take a look at our analysis for USOIL.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 67.337.
Taking into consideration the structure & trend analysis, I believe that the market will reach 69.433 level soon.
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.
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Today's Crude Oil Trend Analysis and Trading RecommendationsFrom a daily chart perspective, the violent rally in USOIL driven by external factors has completely disrupted prior technical expectations. The sharp surge has also significantly exhausted future upside potential, explaining today's gap-up and subsequent decline. With minimal likelihood of near-term de-escalation in the Iran situation, USOIL is likely to remain bullish. However, severe overbought conditions on technical charts have disrupted structural expectations, necessitating a price correction.
Technically, the $70-$75 range serves as a reasonable short-term consolidation zone, contingent on no severe escalation in Iran tensions. Given the high probability of worsening tensions, USOIL may retest $75 and even challenge $80 driven by geopolitical developments.
Thus, while the market remains focused on Iran-related risks, the short-term bias remains bullish. Avoid chasing the rally recklessly. Focus on the $70.5-$71.5 pullback zone early in the week—consider long entries only after price consolidation in this area.
USOIL
buy@70.50-71.50
tp:74-76-78
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USOIL:Sharing of the Trading Strategy for Next WeekAll the trading signals this week have resulted in profits!!! Check it!!!👉👉👉
Fundamental Analysis:
In the short term, geopolitical risks will continue to dominate market sentiment, with oil prices likely to oscillate at elevated levels or even test higher. However, from a medium-to-long-term perspective, OPEC+ production increase plans, uncertainties in global economic recovery, and the acceleration of energy transition may weigh on oil prices again. In any case, the subsequent evolution of the Middle East "powder keg" will profoundly influence the operational logic of the global energy market in the second half of the year. Investors should closely monitor developments and flexibly navigate this volatile oil market landscape.
Technical Analysis:
Prices rebounded after finding support in the $70–$71 range. The MACD indicator remains above the zero line, with strong bullish momentum intact.
Overhead resistance lies in the $75–$76 zone, while support is seen at $71–$70. Crude oil is expected to continue its upward trend next week.
Trading Recommendations:
Primary strategy: Buy on pullbacks
Secondary strategy: Sell on rallies
Trading Strategy:
buy@70-71
TP:75-76
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Crude oil is the ultimate winner
💡Message Strategy
Currently trading around $70.00 a barrel during Friday's European session, crude oil prices surged on growing concerns about supply disruptions. Rising tensions in the Middle East threaten navigation through the Strait of Hormuz, a key passage for about 20% of global oil shipments.
📊Technical aspects
From the daily chart level, crude oil prices in the medium term broke through the upper resistance of the range and tested a new high of 75.50. The moving average system is in a bullish arrangement, and the medium-term objective trend is upward.
The current trend is in the upward rhythm of the main trend. The MACD indicator fast and slow lines overlap with the bullish column above the zero axis, indicating that the bullish momentum is currently full, and it is expected that the medium-term trend is expected to usher in a wave of rising rhythm.
The short-term (1H) trend of crude oil continued to fluctuate upward, and the price near 74 was tested. The moving average system relies on the bullish arrangement of oil prices, and the short-term objective trend direction remains upward. Oil prices hit a new high near 75.30, and then fell back and closed with a negative real candlestick. The short-term momentum is still bullish, and it is expected that the trend of crude oil will continue to maintain a high-level oscillation upward rhythm.
💰 Strategy Package
Long Position:70.09-71.50
USOIL CRACK!Usually, these types of events are great selling opportunities as they are short-lived. However, this time may be different.
I would expect a pullback then if it lasts and escalates a breakout. For now, just observe, have patience, and look for the 2nd crack!
If it cracks a 2nd time, it is definitely not good for US inflation.
Bullish momentum to extend?WTI/Oil (XTI/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 63.32
1st Support: 61.18
1st Resistance: 65.80
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Crude oil prices test 10-week highs amid trade optimism!Crude oil prices are testing fresh 10-week highs today, with WTI futures flirting with the key resistance level at $65.50, a price not seen since the onset of trade tariff tensions in early April.
Investor sentiment remains cautiously optimistic as US-China trade talks continue in London this week, raising hopes that both parties can make progress toward a resolution on tariffs and trade restrictions. A positive outcome could further boost crude oil prices.
Seasonal factors are also playing a supportive role. The onset of the summer travel season in the northern hemisphere is expected to drive increased demand for crude, adding a bullish layer to the outlook. Energy traders are closely watching for signs that a successful trade agreement could trigger a sustained rally.
From a technical perspective, WTI bids have peaked near $65.50, although further upside appears constrained by the 200-day EMA, which is acting as a firm resistance level. However, a potential inverse head and shoulders pattern is forming, which could support a breakout and add further confidence to bullish positions.
On the downside, failure to breach the $65.50 resistance may invite selling pressure, with a potential re-test of the $60.00 support level if momentum weakens.
USOIL Will Move Higher! Buy!
Please, check our technical outlook for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 71.393.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 78.089 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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CRUDE OIL (WTI): Detailed Support & Resistance Analysis
Here is my latest structure analysis for WTI Oil.
Resistance 1: 63.6 - 65.9 area
Resistance 2: 68.2 - 69.2 area
Resistance 3: 71.4 - 75.2 area
Support 1: 61.8 - 62.8 area
Support 2: 59.0 - 60.8 area
Support 3: 55.1 - 57.2 area
Consider these structures for pullback/breakout trading.
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USOIL Remains Bullish Amid Geopolitical Tensions and Steady Fed USOIL – Bullish Outlook Amid Geopolitical and Policy Factors
The ongoing escalation in the Middle East, combined with Jerome Powell's stance on holding interest rates steady, continues to support bullish momentum across commodities, including oil.
Technical Outlook:
USOIL remains bullish as long as it trades above 72.72 and more firmly above 70.40, with upside potential toward 77.30 and 79.50. If bullish momentum persists, a further extension to 84.14 is possible, supported by geopolitical risks.
A bearish shift is only likely if significant de-escalation or negotiations between Israel and Iran take place.
Key Levels:
• Pivot Point: 72.90
• Resistance: 77.29, 79.50, 84.10
• Support: 66.87, 63.52, 59.00
Trend Outlook:
Bullish while price holds above 68.53
Crude Oil Weekly Chart Watch
The weekly crude oil line is still running within the channel. This is very interesting.
Last week, due to geopolitical conflicts, crude oil rose rapidly to the upper edge of the weekly channel.
It closed with a long upper shadow weekly K line.
This point is not suitable for chasing more. Observe more.
Wait and see
My personal opinion:Still leaning towards bullish
If it were you, what would you choose?
Welcome to discuss
Next Week's Crude Oil Trend Analysis and Trading RecommendationsThe continued escalation of geopolitical tensions in the Middle East remains the core driver propelling oil prices higher. With U.S.-Iran relations at a critical juncture and the Ukrainian attack on the Crimean Bridge exacerbating the Russia-Ukraine conflict, markets are increasingly concerned about potential disruptions to Black Sea crude exports. As a key channel for 2% of global crude oil supplies, risks to Black Sea exports directly threaten supply chain security, triggering a surge in short-term market risk aversion and driving oil prices sustainably higher.
Since crude oil broke through the $64.8 resistance level with a solid candlestick last week, we have maintained a consistent bullish stance. After two weeks of consolidative oscillations, prices finally broke free from the trading range, fully demonstrating the dominance of bullish momentum. When oil prices pulled back to the $71.5–$72.0 range last Friday, we once again emphasized the short-term long strategy, which was subsequently followed by a sharp rally catalyzed by news developments. With the current trend clearly defined, we advise trading in line with the momentum: short-term long positions can be initiated above $71.0 at the start of the week.
USOIL
buy@71-72
tp:75-78
Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.