USOIL - REVERSAL Market is in bearish trend, however there is a bullish divergence on 1H time- which means market may take a deep correction. Futher harmonic pattern Bullish crab is also in formation.
Take the entry above the break of LH and stoploss below the D point / LL. and TPs with R:R ratio of 1:1 and 1:2
Thanks.
USCRUDEOILCFD trade ideas
WTI OIL Might be close to the end of correction or finished it.there are definetly more than 1 posibilities in this one, 1 more down wave can occur and that is why i have a invalidation level. long term definetly buy but short and mid term is just not very clear, i am thinking it s time to buy. what i am going to do is keep track of it a bit more in short term and if it gives me good buying opportunity near the below i will enter the trade with a stop loss. and if it upbrakes possible impulse wave will occur and i will buy again to mid term target. so for now keep an eye on it and buy if the opportunity arise.
Is WW3 Coming? Crude Waves Flash Warning which I DO NOT LIKE ITI’m getting a knot in my stomach looking at this chart, it feels like a warning about what’s coming.
Chart Context
• WTI jumped from the pandemic low of 6.62 up to 131.02 on March 6, 2022.
• It then retraced to 59.86 (38 % Fib) by June 4, 2025.
• That pullback seems complete, and now price is pressing against a descending wedge.
Wave Map
• Wave 3 could extend toward 207
• A full five-wave run points up near 330
• The pattern is squeezed in a tightening channel that looks ready to break any day
Why It Feels Risky
Breaking above 200 normally requires a major supply shock—think trouble at the Strait of Hormuz, surprise OPEC cuts, or a hit to U.S. shale. The Iran–Israel cease-fire is shaky, drones are still buzzing storage sites, and even a brief chokepoint shutdown would send tanker traffic into chaos. To me, the chart is flashing that tail risk.
Trading Plan
• I’ll watch the wedge’s upper trendline around 83 for my first signal
• A weekly close above 93 would clear the path to 117, then 145
• If price closes below 51 on the week, this thesis is off
Your Thoughts?
Does this wave count make sense, or am I reading too much into it? Drop your views—especially if you’ve got the geopolitical angle covered. I hope this wave doesn’t play out, but pretending it’s not there feels reckless.
(Not financial advice)
OIL: THE CHART THAT COULD TIP THE WORLDWTI Crude just bounced hard off the $65 channel support, tagging resistance at $76 — and what happens next isn’t just about price. It’s about power.
Zoom into this chart:
We're sitting at a directional pivot with two possible outcomes:
1️⃣ If this was a truncated 5th wave, the structure is complete. Any further war escalation could be the catalyst for oil to break resistance — dragging down risk assets, including CRYPTOCAP:BTC and equities.
2️⃣ If wave 5 isn’t done, we’ll likely see one more sharp leg down before oil launches. Either way, this is a high-stakes Elliott Wave setup with global macro consequences.
Chart with FIB Levels:
You'll see the wave I’ve marked (3) is messy, and on lower timeframes, that may hint at a truncated move worth watching.
Why this matters:
Over 20% of global oil flows through the Strait of Hormuz, a critical chokepoint controlled by Iran. If conflict escalates, that line gets squeezed… and oil price explodes.
Price to watch:
$76 resistance.
If oil breaks, the markets will react fast.
If it fails, we might get one more correction and maybe some relief from the sideways pain we’ve seen across risk assets.
Remember the COVID Crash?
Oil literally went below zero in April 2020. That wasn't just a chart anomaly, it was a global demand collapse. Traders were paying to get rid of oil because there was nowhere to store it. That moment marked a generational low, and what followed was a powerful multi-year 5 wave up.
Now look where we are:
That same COVID low helped form the base of the current Elliott Wave structure. The fact we’re back testing levels that once sparked global panic is no coincidence.
If you’ve been here before, you’ll see the signs. The charts always leave traces. And if this is the end of wave 5, it could be the start of a whole new macro move.
TLDR:
Stop trading headlines.
Trade the structure.
This chart is telling us everything.
CRUDE set to fire 82 $ 90 $ 104 $ ????Crude Daily Elliot waves count suggest big UP setup in progress right now
55 $ key level to watch for buyer Extension point
Due to amid middle-east war situation may trigger Up move impulse wave towards 82 $ to 104 $ range
EW count are keeping changing during different price action in different time frame & multiple forecast .
this educational based chart as per EW theory method
Oil prices could rise due to high geopolitical uncertaintiesOil prices could rise due to high geopolitical uncertainties
The price of OIL has been waiting all these days with hopes for negotiations between Iran and Israel.
Currently, diplomacy is dead, so for now, the market has to absorb the news that the US has attacked Iran.
The price of oil is normal to rise and it is also very risky because it reacts quickly and does not keep the bullish momentum.
The price may rise as I showed in the chart, but the risk remains high.
Please be careful.
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❤️
Crude Oil Gets Trapped Back Inside 3-Year Down trending ChannelAfter failing to close above the upper border and the 78 resistance level, and amid renewed hopes for a Middle East ceasefire, oil prices dropped sharply back toward the neckline of the inverted head and shoulders formation—initially broken ahead of the recent war escalation—at 64.70.
A sustained move below that neckline could target crude prices toward the mid-zone of the established channel, near 63.40 and 61.40, where another rebound may take shape.
On the upside, if a clear recovery re-emerges above the 72-mark, the potential for a breakout above the 78-resistance could return, opening the door to revisit the 80 and 83.50 highs.
— Razan Hilal, CMT
USOIL Buy- Go for buy if entry setup given
- Refine entry with smaller SL for better RR, if your strategy allow
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Crude oil fluctuates in a narrow range, waiting for direction
💡Message Strategy
Middle East ceasefire eases supply concerns, but risk premium remains
Oil prices rose more than 1% on the day as investors weighed the status of the ceasefire between Iran and Israel. Although both sides have announced an end to hostilities, US intelligence reports show that Iran's nuclear capabilities have only been temporarily damaged. ING analysts pointed out that although immediate concerns about supply disruptions have subsided, potential risks remain, a factor that may support spot prices in the short term.
Previously, crude oil prices soared after the US military action on Iranian infrastructure, but prices have retreated as the ceasefire continues. Although the geopolitical premium has been reduced, it has not been fully digested.
API shows a sharp drop in inventories, traders await EIA report
Industry data from the American Petroleum Institute (API) showed that US crude oil inventories fell sharply by 4.23 million barrels in the week ending June 20, far higher than the expected drop of 800,000 barrels. Gasoline and distillate inventories increased by 400,000 barrels each.
Market focus now turns to the US Energy Information Administration (EIA) report scheduled for release on Wednesday. Traders were expecting a 1.2 million-barrel draw in inventories, and confirmation of that figure by the EIA, widely viewed as an industry benchmark, would reinforce expectations of tighter supply.
📊Technical aspects
From the daily chart level, crude oil fluctuates upward in the medium term and tests around 67. The K-line closes with a large real negative line, which has not yet destroyed the moving average system and is still supported. The medium-term objective upward trend remains unchanged.
However, from the perspective of momentum, the MACD indicator crosses downward above the zero axis, indicating that the bullish momentum is weakening. It is expected that the medium-term trend of crude oil will fall into a high-level oscillation pattern.
The short-term trend of crude oil (1H) is in a narrow range of consolidation, with a small fluctuation. The oil price repeatedly crosses the moving average system, and the short-term objective trend direction fluctuates. In terms of momentum, the MACD indicator fast and slow lines slowly rise below the zero axis, and the long and short positions are in a stalemate, with no obvious advantage on one side. It is expected that the trend of crude oil will maintain a consolidation pattern during the day.
💰Strategy Package
Short Position:67.00-67.20,SL:67.80,Target: 65.50-64.50
Long Position:64.00-64.20,SL:63.50,Target: 65.50-66.50
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.
US CRUDE OIL LONG RESULT Crude Oil price has been in an overall bullish trend and after it broke out of the previously formed symmetrical triangle.
Tried to get in earlier but wasn't getting enough pullback levels tapped.
Almost got our S.l hit and also missed the Tp but still managed to close in profits.
_THE_KLASSIC_TRADER_.
WTI USOILKey Factors Affecting US Oil Prices Today:
Geopolitical Developments:
Oil prices had surged earlier in June due to US airstrikes on Iranian nuclear sites and fears of supply disruptions through the Strait of Hormuz. However, prices fell sharply after a ceasefire was announced between Israel and Iran, easing immediate supply concerns.
Inventory Data:
Market participants are awaiting US crude and fuel inventory reports. Recent data showed a significant drawdown in US crude stocks, supporting prices despite geopolitical easing.
Demand Signals:
US refinery utilization has increased, and gasoline demand is near multi-year highs, indicating strong domestic consumption that underpins oil prices.
Market Sentiment:
After a recent two-day plunge (Brent fell over 6%), oil prices are recovering as investors reassess the durability of the ceasefire and ongoing demand fundamentals.
Here is the latest analysis of the crude oil market trendOn Wednesday, international oil prices stabilized and rebounded after two consecutive days of correction, as the market reassessed the short-term easing of the Middle East situation and changes in crude oil supply. Brent crude oil futures rose by $0.75, or 1.1%, to $67.89 per barrel; WTI crude oil rose by $0.71 to $65.08. Previously, U.S. air strikes damaged key Iranian facilities. Although they did not completely destroy its capabilities, they triggered short-term market concerns about supply chain disruptions.
When geopolitical tensions temporarily eased, the market also turned its attention to inventory data. The latest data from the American Petroleum Institute (API) showed that for the week ending June 20, U.S. crude oil inventories fell by 4.23 million barrels, far exceeding the market expectation of a 2.5 million barrel decline, indicating that refinery demand remained strong. Under the dual effect of the mitigation of geopolitical risks and the bullish API inventory data, oil prices showed signs of stabilization, but the foundation for the rise was still fragile.
In the next few trading days, the safety of the Strait of Hormuz and the EIA official inventory report will become the key to whether the bulls can continue. In the current volatile pattern, it is necessary to remain cautious and pay close attention to changes in the technical support area and U.S. policy dynamics.
However, in terms of momentum, the MACD indicator has formed a bearish crossover below the zero axis, signaling a weakening of bullish momentum. This suggests that the medium-term trend of crude oil is likely to fall into a high-level consolidation pattern.
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Trading Strategy:
sell@67.0-68.0
TP:63.0-64.0
USoilLatest news. If the Strait of Hormuz is closed, the restrictions on the import and export of oil and natural gas will increase greatly. Because 20% of the world's oil and natural gas exports come from the Strait of Hormuz. So the trend of geopolitics will affect the closing and opening of this important checkpoint. If the increase in geopolitics really reaches this point, the price of oil may rise to 90$-100$. This is an excellent trading opportunity for investors who like to trade oil. But at present, this is an option for Iran to negotiate. Rather than a real closure, after all, the incident has not developed to this situation. If you like to trade oil. You can also follow me. Get brand new trading opportunities and make profits. Do not trade independently to avoid losses.
Tariff Panic = Opportunity | WTI Long SetupWTI Oil has finally dipped into my long-watched buy zone, driven by macro fear and an aggressive tariff agenda. The current drop aligned perfectly with my long-term execution plan. I’ve placed this trade based on key historical demand levels with my stop-loss and take-profit clearly defined. I’m prepared for deeper drawdown, but this area remains high-conviction for me. Execution > Prediction.
Technicals:
• Key Level: Price tapped into a major demand zone dating back to 2021 lows, which had been protected ever since.
• Liquidity Sweep: This drop mitigated every low formed post-2021 — clearing out late longs and stop hunts.
• Trendline Break Anticipation: I expect a potential trendline breakout from the long-term descending structure.
• SL/TP Defined: This trade has structure. It’s not a hope-based setup, it’s pre-planned and managed.
• Consolidation + Accumulation: This is where strong hands prepare, and I’m joining in.
Fundamentals:
• Tight supply, rising global demand, and structural underinvestment in oil exploration.
• Chinese reopening + Russian ban tighten market availability.
• Central banks expected to support demand via easing cycles.
• Oil Bearish Catalyst (Short-Term):
• US tariff wave: Trump announced a total 54% tariff on China and baseline tariffs on all trading partners.
• Escalating fears of global economic slowdown pushed prices to $58.80, a 4-year low.
The bearish panic gave bulls like us a gift. This is how real trades are born - not in euphoria, but in blood.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CRUDE OIL (WTI): Bullish Move From Support
WTI Crude Oil may continue rising from an underlined blue support cluster.
As a confirmation, I see a quick liquidity grab below that and a consequent
bullish imbalance candle on an hourly time frame.
I expect a rise to 66.24
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