USCRUDEOILCFD trade ideas
UPDATE ON THIS MORNING'S TRADEEarly in the morning, I posted a trade (Sell USOIL) in which we trargeted the LQ level which the market came closer to and didn't touch, which isn't a big deal.
As you can see on the chart, as I told my students during the LIVE TRADING SESSION they assisted, it's all about trade management.
On the screenshot on the left, we added another order at 50% lvl of the FVG, xhich the market respected at that moment before giving us a double bottom which is a sign to the change of the movement of the market.
For a safe closure of the trade, as you can see in the picture on the left, we waited for the market to break through the 5min LQ we have to close, and that's what exactly happened.
We'll wait for another trade to take later in the US session.
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Crude Oil (WTI / USOIL) Analysis:Crude oil is currently trading near a short-term support zone around $64.70.
🔻 Bearish Scenario:
If the price breaks below $64.00 and holds beneath it, we could see a decline toward $63.60 as the first target, followed by $62.00 as a secondary target.
🔺 Bullish Scenario:
On the other hand, if the price regains bullish momentum and breaks above $65.00, we may see a retest of the $66.70 area, and with continued buying pressure, a potential move toward $67.50.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
OUR TRADE FOR THE DAYEarly today, I posted that we'll be waiting for the market to give us an entry after grabbing the liquidity, we did have it and caught it.
I didn't share it since it was given to my students.
As you can see on the chart, the market gave us a FVG after that it did grab the liquidity which we entered based on to target again the LQ level to close with a good margin.
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WTI Crude: Bulls on the Back FootWTI crude oil has found plenty of willing buyers beneath $65 per barrel recently, often acting as a launchpad for abrupt squeezes higher. But with supply gushing as OPEC+ returns 2.2 million barrels per day to market at a time when concerns about the U.S. economy are growing, whether that continues remains debatable—especially after the sharp $5-plus slide over the past week.
With the price closing at its lowest level since early June on Tuesday, traders should be alert to the risk of an extension of the bearish move.
Given how often the price has been bid up beneath $65, the inclination is not to act immediately if Tuesday’s lows are taken out. Instead, $63.70 is a level to watch, having acted as resistance through May and June. A break below there would create a cleaner setup for shorts, allowing positions to be initiated with a stop just above for protection. $62.00 saw some action earlier in the year, but $60 looks the more compelling downside target.
RSI (14) is beneath 50 while MACD is negative, having already crossed below the signal line—both hinting that selling rallies may work better than buying dips near term.
Of course, if the contract can’t break $65 meaningfully despite the bearish backdrop, the setup could be flipped, allowing for longs to be established above with a stop beneath, targeting either the 200-day moving average or $68.44 resistance.
Good luck!
DS
Crude Oil drops below $70, reversal on the radar?Oil opened the week under pressure after OPEC+ confirmed a 547,000 bpd increase for September, completing a 2.5 million bpd reversal of past cuts—about 2.4% of global demand. The group is now undecided—future moves could be more hikes, a pause, or even cuts, depending on market conditions. Actual supply growth may be closer to 1.7 million bpd due to member constraints, while expectations are that this could be the last hike amid slowing demand and rising non-OPEC output. With oil demand softening, a Q4 surplus looming, and prices under $70, holding steady seems likely for now. Meanwhile, geopolitical pressure from Trump over Russian oil adds more uncertainty, where a final call by OPEC may come at the next meeting on September 7.
On the technical side, the price of crude oil is currently testing the support of the 50% weekly Fibonacci retracement level while the moving averages are still validating a bullish trend in the market. The Bollinger bands are expanding, showing that volatility is picking up in the market for crude oil, while the Stochastic oscillator is approaching extreme oversold levels, hinting that a bullish correction might be on the horizon in the upcoming sessions. If this scenario becomes reality, then the first area of potential resistance might be seen around the $70 level, which consists of the psychological resistance of the round number, the upper band of the Bollinger bands, and the previous medium-term high since late July.
Disclaimer: The opinions in this article are personal to the writer and do not reflect those of Exness
USOIL: Long Trade with Entry/SL/TP
USOIL
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy USOIL
Entry - 67.25
Stop - 66.67
Take - 68.53
Our Risk - 1%
Start protection of your profits from lower levels
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WTIWTI crude oil (West Texas Intermediate) is one of the main global benchmarks for oil pricing, alongside Brent crude. It is a light, sweet crude oil primarily produced in the United States and traded on the New York Mercantile Exchange (NYMEX). WTI is known for its high quality and low sulfur content, making it ideal for refining into gasoline and other fuels. Crude oil prices are influenced by a wide range of factors including global supply and demand dynamics, geopolitical tensions, OPEC+ decisions, US shale production, and macroeconomic trends such as inflation and economic growth.
Over the past two decades, crude oil has experienced significant volatility. Prices surged to over $140 per barrel in 2008, collapsed during the global financial crisis, and again plummeted during the COVID-19 pandemic in 2020, when demand collapsed and prices briefly turned negative for the first time in history. The years following saw a sharp rebound as the global economy reopened and supply constraints persisted. However, rising interest rates, concerns about slowing global growth, and increasing energy transitions toward renewables have put downward pressure on oil demand in recent years.
As of August 2025, WTI crude oil is trading at $66.59 per barrel, reflecting a relatively weak energy market compared to its highs in 2022. The current price suggests concerns over slowing global industrial demand, increased US oil production, and ongoing geopolitical negotiations that have stabilized some of the previous supply shocks. While energy markets remain sensitive to global conflicts, economic shifts, and OPEC+ policy decisions, WTI at this level represents a market balancing between moderate demand and ample supply. It remains a critical asset for energy traders and a key indicator of global economic health.
USOIL BULLS ARE STRONG HERE|LONG
USOIL SIGNAL
Trade Direction: short
Entry Level: 67.26
Target Level: 68.46
Stop Loss: 66.46
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
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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Oil prices rebound, maintain bullish attitude
💡Message Strategy
International oil prices continued their upward trend on Thursday, closing higher for the fourth consecutive day, as concerns about growing global supply tightness abounded. Brent crude for September delivery rose 0.4% to $73.51 a barrel, while West Texas Intermediate (WTI) crude for September delivery rose 0.5% to $70.37 a barrel, while the more active Brent October contract rose 0.4% to $72.76 a barrel.
Recently, the market has focused on the statement of US President Trump, who demanded that Russia make "substantial progress" on the situation in Ukraine within 10-12 days, otherwise he would impose 100% secondary tariffs on its trading partners, significantly bringing forward the previous 50-day deadline.
Inventory data suggests a continued struggle between supply and demand. Data from the U.S. Energy Information Administration (EIA) showed that U.S. crude oil inventories unexpectedly rose by 7.7 million barrels to 426.7 million barrels in the week ending July 25, far exceeding expectations for a 1.3 million barrel drop. However, gasoline inventories fell by 2.7 million barrels to 228.4 million barrels, exceeding market expectations for a 600,000 barrel drop.
📊Technical aspects
From a daily perspective, WTI crude oil prices have closed higher for four consecutive days since rebounding from the $66 level. It is currently running stably above the integer mark of $70 per barrel. The short-term moving average system is in a bullish arrangement, and the MACD indicator remains above the zero axis, indicating that the bullish momentum is still strong.
From an hourly perspective, if the price breaks through the previous high of $70.50, it is expected to further rise to the $73.50-$75 range. Conversely, if it continues to fall below the $70 mark, it may trigger short-term profit-taking, and further support will focus on the $68.50 level. Overall, the short-term trend remains bullish.
💰Strategy Package
Long Position:68.00-68.50,SL:67.50,Target:70.50-73.00
USOIL GROWTH AHEAD|
✅CRUDE OIL broke the key
Structure level of 69.50$
While trading in an local uptrend
Which makes me bullish biased
And I think that after the retest of the broken level is complete
A rebound and bullish continuation will follow
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
WTI is up on my radarPrice closed above daily GM, travelled, and now retraced back to the GM..
For now, I'll be BULLISH biased and look for Buy setup on the lower time frames..
Price took out the Asian high, then gave a bearish coh triggering the backside (bearish) move of the Buy set up..
Note that the backside move is more of the manipulative move.
Price has now taken out the Asian low and come into the daily PRZ..this is an early sign that the backside move is likely coming to an end..
We wait to a see bullish coh for more confirmation, then look for complete buy set up to pull the trigger.
WTI uptrend pause support at 6857The WTI Crude remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 6857 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 6857 would confirm ongoing upside momentum, with potential targets at:
7123 – initial resistance
7225 – psychological and structural level
7299 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 6857 would weaken the bullish outlook and suggest deeper downside risk toward:
6783 – minor support
6735 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the WTI Crude holds above 6734. A sustained break below this level could shift momentum to the downside in the short term.
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