USOIL BEARS ARE GAINING STRENGTH|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 66.89
Target Level: 61.90
Stop Loss: 70.21
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 8h
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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USCRUDEOILCFD trade ideas
CRUDE OIL (WTI): Consolidation is Over
Crude Oil was consolidating for 6 trading days in a row
after a test of a key daily support.
The yesterday's Crude Oil Inventories data made the market bullish
and the price successfully violated a minor resistance of a sideways movement.
We can expect that the market will grow more.
Next resistance - 69.27
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USOIL Double Top Breakdown | Short Setup Alert!USOIL Double Top Breakdown | Short Setup Alert!
Hey traders! A classic Double Top pattern has formed on the 4H USOIL chart (Top 1 & Top 2), signaling a potential trend reversal. After breaking the neckline, price action confirms bearish momentum. The stop-out level is clearly marked at 70.00 , while the target zone is set around 58.00. This setup offers a great risk-reward ratio.
📍 Supertrend also aligns with bearish confirmation.
💬 Drop your thoughts in the comments section – let's discuss the trade!
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USOIL is Nearing the Daily TrendHey Traders, in tomorrow's trading session we are monitoring USOIL for a buying opportunity around 64.30 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 64.30 support and resistance area.
Trade safe, Joe.
Sudden Oil Spike - what you need to know!Iran suspended cooperation with the U.N. nuclear watchdog, amid a surprise build in US crude inventories.
Iran’s move added a modest risk premium to prices, though analysts noted that no actual supply disruptions have occurred.
$66 is a key level for WTI crude to hold above.
If it can maintain this area, we will likely see higher price. $66 is a multi year trendline of support going back to 2021.
Energy stocks / XLE basket is showing some bullish divergence, perhaps indicating this oil move has legs.
WTI Surge Incoming? $67 Base Could Launch Prices Toward $86Wavervanir_Intl created with TradingView.com, Jul 02, 2025 12:27 UTC‑7
CFDs on WTI Crude Oil · 1h · TVC 67.26 H67.41 L67.26 C67.27 +0.02 (+0.02%)
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**🎯 Short‑Term Outlook (1 h)**
• Price rebounding from demand zone at $64.15 & equilibrium
• Break of 0.447–0.5 fib (~65.30–66.48) → targeting 70.00 then 72.82
• Entry: 67.30–67.50 | SL: <65.50 | TP1: 70.00 | TP2: 72.80
**📊 Mid‑Term (Daily/Weekly)**
• Weekly Heikin‑Ashi confirms bullish reversal, testing long-term resistance near $74–76
• Breakout clears range → potential extension to $86 (1.382 fib)
• If rejected → expect pullback to 67–70 base zone
**⚠️ Macro Catalysts & Risk**
• Bullish from inventory draws & Middle East tensions
• Upcoming OPEC+ July 6 meeting could shift supply dynamics
**🏁 Summary**
- Play for short‑term lift to fib targets
- Monitor mid‑term breakout above ~$75.60 for extended rally
- Place stops below structured support for controlled risk
Stay agile—conditions remain fluid with macro implications in control.
#Oil #WTI #Fib #Demand #Supply #OPEC #WaverVanir
Classic Bear Flag on Oil 🚩 Classic Bear Flag on Oil 🛢
A textbook bear flag has formed on the oil chart:
📏 Flagpole: From $77 down to $64 – a move of 13 points
📉 If price breaks below the lower support of the flag:
🎯 Target = $64 − $13 = $51
⚠️ This sets a bearish target at $51,
assuming momentum continues and there's no invalidation.
usoil 67
sl 67.5
tp1 66
tp2 65.5
tp3 65
tp4 64.5
tp5 open
WTI BUY OPPORTUNITY!!!Price just offered a buy opportunity as it trades at $65.605 per barrel. I anticipate a bullish price action to develop away from the current market price. The massive pullback that occurred from the daily timeframe is completed and it’s due for a buy.
Take advantage of this opportunity now!
WTI Crude Oil sideways consolidation support at 6460Crude oil prices remain under pressure as easing geopolitical tensions between Iran and Israel reduce fears of supply disruptions in the Middle East. Adding to the bearish tone, the anticipated output increase by OPEC+—expected to raise August production by 411,000 bpd—acts as a supply-side headwind. Meanwhile, a modest rebound in the US Dollar from multi-year lows also weighs on oil demand, given its inverse relationship with USD-denominated commodities.
However, expectations that the Federal Reserve may soon resume rate cuts could limit USD upside, offering some support to oil prices. Traders are likely to stay cautious ahead of key US economic data, including Wednesday’s ADP report and Thursday’s Nonfarm Payrolls, which will shape Fed policy expectations. Additionally, the latest EIA stockpile data will be closely watched for immediate supply signals.
Conclusion:
WTI Crude Oil is likely to trade with a neutral-to-bearish bias in the near term, pressured by rising supply and a firmer dollar. However, Fed rate cut expectations and upcoming US labor and inventory data may help cushion the downside. Traders may remain on the sidelines until clearer direction emerges post-NFP and OPEC+ decisions.
Key Support and Resistance Levels
Resistance Level 1: 6925
Resistance Level 2: 7080
Resistance Level 3: 7230
Support Level 1: 6460
Support Level 2: 6300
Support Level 3: 6100
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USOIL:Narrow trading strategy
USOIL: There is no update in the past two days, because the oil price still continues to fluctuate in a narrow range, and the space for volatility is gradually reduced, which is not very different from our overall trading idea. The original long target of 65.9-66.4 can be adjusted to 65.8-66.2 with the reduction of the space for volatility. It is expected that the trend will come out this week, and we will adjust our thinking then.
Friends who do not trade at present can refer to the interval trading strategy within a day:
BUY@64.7-65
TP: 65.8 to 66.2
SELL@65.8-66.2
TP: 64.7-65
More detailed strategies and trading will be notified here ↗↗↗
Keep updated, come to "get" ↗↗↗
USOIL:Today's trading strategy
Oil prices have been sideways for the fourth trading day, volatility began to narrow, the market is brewing a new round of trend, short-term range 64-66.4. Today you can sell high and buy low around a narrow range.
Trading Strategy:
BUY@64.7-65.1
TP: 65.9-66.4
SELL: 66-66.4
TP: 65.1-64.5
More detailed strategies and trading will be notified here ↗↗↗
Keep updated, come to "get" ↗↗↗
USOIL Will Fall! Sell!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 65.603.
Taking into consideration the structure & trend analysis, I believe that the market will reach 59.910 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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WTI Oil H4 | Potential bearish reversalWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 67.15 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement.
Stop loss is at 70.90 which is a level that sits above the 50% Fibonacci retracement and a pullback resistance.
Take profit is at 62.51 which is a swing-low support.
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WTI OIL This is the only Support right now.WTI Crude Oil (USOIL) is so far holding its 1D MA50 (blue trend-line), the natural medium-term Support, following a quick price deflation after the Israel - Iran de-escalation.
In our opinion, the trend-line that currently matters most though, is the Higher Lows coming straight from the May 05 Low. If broken, we expect a quick test of the 0.786 Fibonacci retracement level, as it resembles the December 2023 - May 2024 Higher Lows trend-line.
Even the 1W RSI is similar among the two fractals, and it has to be said that both are part of the 2-year Channel Down pattern.
So if the Higher Lows trend-line breaks, we can target $61.00.
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Bullish Setup Forms as Institutions Accumulate CrudeCrude Oil is consolidating above support at $65.18, with momentum indicators turning bullish. The Stochastic is rising from 27, and RSI is approaching the 50.0 mark. Institutional buying reported in the latest COT data reinforces the bullish bias.
A move above $67.55 could open the door to $69.45, while the bullish outlook stays intact as long as the price remains above $61.80.
USOILThe first higher high after a downtrend indicates a potential trend reversal to the upside. It shows that buyers are starting to regain control, signaling the possibility of a new bullish trend.
Trendline Break: A break above a significant trendline further confirms the shift in sentiment from bearish to bullish. The trendline break signifies that selling pressure has weakened, and the market is poised for further upward movement.
Retest of Trendline: After breaking the trendline, the price often retests the broken trendline, which now acts as support. This retest offers a low-risk buying opportunity as it confirms the strength of the new uptrend.
WTI on high time frame
"Hello traders, focusing on WTI crude oil, the price surged to $78 but sharply retreated to the $65 zone. Over the last five days, the price has consolidated. I believe that the signals from the recent 4-hour candle suggest a potential move towards higher prices, with the next target possibly being around $72. I will be monitoring the price action around $72 closely for a potential rejection or continuation towards even higher prices."
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