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U.S. DOLLAR / WTI CRUDE OILU.S. DOLLAR / WTI CRUDE OILU.S. DOLLAR / WTI CRUDE OIL

U.S. DOLLAR / WTI CRUDE OIL

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USDWTI trade ideas

WTI Crude Oil INTRADAY consolidation capped at 6360Trend: The sentiment remains bearish, in line with the prevailing downward trend. Recent Movement: Price is currently in a sideways consolidation, suggesting indecision near short-term lows. Key Levels Resistance: 6360 โ€“ Key resistance and prior consolidation zone. Above that: 6440, then 6530 โ€“ Next upside targets if breakout occurs. Support: 6020 โ€“ Initial downside target. Below that: 5940, then 5820 โ€“ Deeper support levels if bearish momentum resumes. Trading Scenarios Bearish Continuation: A rally to 6360 followed by rejection could lead to a drop toward 6020, 5940, and 5820. Bullish Breakout: A daily close above 6360 would negate the bearish setup and open the path for a recovery toward 6440, then 6530. Conclusion WTI Crude Oil remains under bearish pressure, but is currently range-bound. A rejection at 6360 would confirm downside continuation. A breakout above that level would shift bias to bullish, targeting higher resistance zones. Watch 6360 as the key pivot. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation
WTI Crude Oil Testing Make-or-Break Support ZoneWTI crude is grinding into a pivotal horizontal support near 6,020 after another sharp rejection near the 50-day SMA: Support at Risk: Price is pressing into the horizontal support zone formed by Mayโ€™s lows (~6,020). A clean break below would shift momentum back decisively to the downside. Bearish Structure: Price remains well below both the 50- and 200-day SMAs, which are angled downwardโ€”consistent with a medium-term downtrend. Momentum Fading: MACD is negative and turning lower again, while RSI is stuck near 45 and showing no bullish divergence. Next Support: If support fails, next downside level is likely around the YTD low near 5,400. As it stands, bears remain in control unless bulls can defend this floor and drive a breakout back above the 50-day SMA. -MW
FOREXCOM:USOIL
by FOREXcom
USOIL:Go long first Crude oil short-term trend to maintain weak shock upward rhythm, K line closed long lower shadow line, there are signs of rebound. Short - term moving average system gradually long arrangement, relying on oil prices, short - term objective trend direction to upward. It is expected that the intraday trend of crude oil will continue to extend upward, hitting around 62.8-63 Recommended Trading Strategies: 61-61.2 range to be long, short-term target to see 62, break through the target to see 62.8-63 โ†“โ†“โ†“ The detailed strategy club will have tips, updated daily, come and get them โ†’โ†’โ†’
TVC:USOILLong
by Boooob_
USOIL Today's Trading Strategy:Recently, there have been many developments in the crude oil market that affect the price trend. From the supply side, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) have been committed to production cuts to stabilize oil prices. Some member countries have even taken unexpected production - cutting actions, which has reduced the crude oil supply to a certain extent. Major oil - producing countries such as Saudi Arabia have cut their own crude oil production, sending a strong signal to the market to control the supply. Meanwhile, the global crude oil demand has not declined significantly. With the gradual recovery of the global economy, industrial production activities in many countries have increased, and the demand for crude oil has also increased. In particular, some emerging economies have a relatively high - speed economic growth and a high degree of dependence on crude oil. Their growing demand strongly supports the crude oil price. USOIL Today's Trading Strategy: USOIL BUY@61~60.5 SL:60 TP:62.5~63
TVC:USOILLong
by AndyHopkins
Will Middle East Tensions Ignite a Global Oil Crisis?The global oil market faces significant turbulence amidst reports of potential Israeli military action against Iran's nuclear facilities. This looming threat has triggered a notable surge in oil prices, reflecting deep market anxieties. The primary concern stems from the potential for severe disruption to Iran's oil output, a critical component of global supply. More critically, an escalation risks Iranian retaliation, including a possible blockade of the Strait of Hormuz, a vital maritime chokepoint through which a substantial portion of the world's oil transits. Such an event would precipitate an unprecedented supply shock, echoing historical price spikes seen during past Middle Eastern crises. Iran currently produces around 3.2 million barrels per day and holds strategic importance beyond its direct volume. Its oil exports, primarily to China, serve as an economic lifeline, making any disruption profoundly impactful. A full-scale conflict would unleash a cascade of economic consequences: extreme oil price surges would fuel global inflation, potentially pushing economies into recession. While some spare capacity exists, a prolonged disruption or a Hormuz blockade would render it insufficient. Oil-importing nations, particularly vulnerable developing economies, would face severe economic strain, while major oil exporters, including Saudi Arabia, the US, and Russia, would see substantial financial gains. Beyond economics, a conflict would fundamentally destabilize the geopolitical landscape of the Middle East, unraveling diplomatic efforts and exacerbating regional tensions. Geostrategically, the focus would intensify on safeguarding critical maritime routes, highlighting the inherent vulnerabilities of global energy supply chains. Macroeconomically, central banks would confront the difficult task of managing inflation without stifling growth, leading to a surge in safe-haven assets. The current climate underscores the profound fragility of global energy markets, where geopolitical developments in a volatile region can have immediate and far-reaching global repercussions.
FX_IDC:USDWTILong
by UDIS_View
Oil: Elliott Wave WXY Pattern Signals Potential Shift๐Ÿ›ขโ˜•๏ธ #OilInsteadOfCoffee | ๐Ÿ“ #TECHANALYSIS Oil has not yet broken its upward trend, but it appears to have surpassed a local peak and formed a WXY pattern (a combination in Elliott Wave theory: W = flat, X = double zigzag, Y = single zigzag). The Y wave could still evolve into a triangle (blue) or a flat. We hold positions and await further developments. โš ๏ธ Disclaimer: Our analysis is food for thought, not a call to action. Trade with a cool head, a clear plan, and your own analysis.
TVC:USOIL
by Fomenka
USOIL Weekly Analysis โ€“ Major Breakdown and Retest in PlayAfter several months of holding firm, USOIL has finally broken below its key support zone around $67โ€“$70, which had acted as a floor since mid-2021 . This is a significant technical development, and the current price action is showing a classic bearish retest of that broken structure. Technical Breakdown: Support Broken: The $67โ€“$70 zone was tested multiple times over the past 2 years. Price has now cleanly broken through it and is struggling to reclaim it. Retest in Progress: Price is currently hovering around $62.36 and failing to push back above the broken support. This retest is textbook and could confirm further downside. Market Structure: Lower highs and lower lows dominate the weekly chart = clear bearish trend. Bearish Targets: Target 1: $53.50 โ€“ Previous minor demand zone from 2021. Target 2: $41.50 โ€“ Strong historical support and potential major bounce area. Invalidation Zone: If price closes above $70 on the weekly chart, the breakdown would be invalidated and weโ€™ll reconsider our bias. Confluence: Broken multi-year support Bearish retest on weekly timeframe Clear downside liquidity below Summary: Bias: Bearish Setup: Short on confirmation of rejection below $67 Timeframe: Weekly / Daily This is a high-probability setup if the rejection continues. Look for further bearish price action on the daily or 4H chart for refined entries. As always, manage risk carefully . Like & Follow for more clean, high-timeframe breakdowns!
FX:USOIL
by Mrshazee
4
WTI OIL 1H Channel Up make or break Targets.WTI Oil (USOIL) has been trading within a Channel Up on the 1H time-frame that is supported by the 1H MA200 (orange trend-line). As long as this holds, we expect another +2.50% Bullish Leg (at least), which gives a Target of $63.55. If the price breaks below the 1H MA200 though, we will take this small loss on the long and go short instead, targeting Support 1 at $60.60. ------------------------------------------------------------------------------- ** Please LIKE ๐Ÿ‘, FOLLOW โœ…, SHARE ๐Ÿ™Œ and COMMENT โœ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡
TRADENATION:WTI
by TradingShot
2
WTI Crude Oil Price Targets Fresh GainsWTI Crude Oil Price Targets Fresh Gains WTI Crude oil prices are gaining bullish momentum and might even test $63.50. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI Crude climbed above the $60.90 and $61.50 resistance levels. - There is a key rising channel forming with support at $61.30 on the hourly chart of XTI/USD at FXOpen. WTI Crude Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price started a fresh upward move from $60.10 against the US Dollar. The price gained bullish momentum after it broke the $60.90 resistance. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $63.45 swing high to the $60.08 low. The price even climbed above the 50-hour simple moving average. It tested the $62.15 resistance zone and the 61.8% Fib retracement level of the downward move from the $63.45 swing high to the $60.08 low. There is now a key rising channel forming with support at $61.30. The RSI is now near the 50 level and the price could aim for more gains. If the price climbs higher again, it could face resistance near $62.15. The next major resistance is near the $62.65 level. Any more gains might send the price toward the $63.45 level or even $65.00. Conversely, the price might correct gains and test the $61.30 support level. The next major support on the WTI crude oil chart is near the $60.90 zone, below which the price could test the $60.10 zone. If there is a downside break, the price might decline toward $58.50. Any more losses may perhaps open the doors for a move toward the $55.50 support zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
1
Latest Strategic Positioning for Crude OilDuring the US trading session, crude oil prices declined for the second consecutive trading day after rebounding from intraday lows and encountering resistance. The commodity traded at $60.42 per barrel, representing a 1.87% daily loss. Per the Commitments of Traders (COT) report released last Friday, there exists a moderate divergence in sentiment between managed funds and asset management firms regarding WTI crude oil futures. While both investor categories maintain net long positions, over the prior two weeks, managed funds reduced their net long exposure by approximately 20,000 contracts, whereas large speculators increased their net long positions by 10,000 contracts. Technically, crude oil exhibited a "rally-and-reversal" pattern today, retreating under selling pressure near the $61.7 resistance zone before stabilizing and rebounding around $60.0. Current price action indicates a range-bound oscillation, with bullish stabilization probabilities contingent on the $60.0 support level holding firm. In summary, crude oil remains trapped in a narrow consolidation phase, with overhead resistance levels retaining dominance. For today's trading strategy, a "rebound shorting-first" approach is recommended, complemented by tactical long positions on dips. Key resistance lies between $61.7-$62.5, while support zones are identified at $60.0-$59.0. In the market, there are no absolutes, and neither upward nor downward trends are set in stone. Therefore, the ability to judge the balance between market gains and losses is your key to success. Let money become our loyal servant.
TVC:USOILLong
by Ashbur
USOIL A Fall Expected! SELL! My dear followers, This is my opinion on the USOIL next move: The asset is approaching an important pivot point 61.87 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 61.38 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€” WISH YOU ALL LUCK
TVC:USOILShort
by AnabelSignals
1
Crude Oil (WTI/USD) Short Setup๐Ÿ”ป Crude Oil (WTI/USD) Short Setup โ€“ Trend Exhaustion with Bearish Risk/Reward Play Crude oil has shown weakness after failing to reclaim the $62.50โ€“63.00 resistance zone. Price is now consolidating near the breakdown level, and early signs of bearish continuation are forming. SQZMOM histogram is flattening near zero, hinting at loss of bullish momentum. This setup offers a high-probability short with favorable downside extension. ๐Ÿ“‰ Entry: 61.97 ๐ŸŽฏ Target: 57.83 ๐Ÿ›‘ Stop Loss: 63.87 ๐Ÿ“Š Risk/Reward Ratio: 2.18 ๐Ÿ“† Expected Duration: ~5 days ๐Ÿ“Œ Technical Highlights: Bearish Retest: Price is stalling at previous broken support turned resistance. Trend Weakness: Lower highs forming after recent top at 63.87. SQZMOM Indicator: Momentum stalling below zero, signaling a potential shift back to bearish pressure. Support Gap: Clean range down to $58 with thin volume structure below $60. ๐Ÿ’ฌ A break below 60.12 confirms momentum shift. A close above 62.50 invalidates the short.
TVC:USOILShort
by GODOCM
WTI Crude: Bears Target 60.549 USDHey traders and investors! ๐Ÿ”น Crude Oil โ€” 1D / 4H ๐Ÿ“ Context Daily (1D): clear short trend; price capped below 65.40 USD. 4-Hour (4H): sideways range โ€” its boundaries are marked by black lines on the chart โ€” with seller initiative in control. Higher-time-frame levels reinforce the bearish bias. ๐Ÿ”Ž Analysis Sellers keep the upper hand on 4H. The daily shows no strong buyer bars, sustaining downward pressure. If price retests the IKC zone and prints bearish confirmation (high-volume seller bar or buyer absorption), the odds of breaking 60.549 USD increase. ๐ŸŽฏ Trade Idea Setup: hunt for short patterns inside the IKC range. Target: 60.549 USD (range low). Confirmation: pattern on M15โ€“H1 + seller-side volume. ๐Ÿ“Œ Takeaway Bears remain in control. Wait for a trigger inside the IKC zone and lower-TF confirmation before joining the move toward 60.549 USD. This analysis is based on the Initiative Analysis concept (IA). Wishing you profitable trades!
OANDA:WTICOUSD
by AlexeyWolf
USOILUSOIL (WTI Crude) Fundamentals โ€“ May 2025 1. Supply and Demand Dynamics Global Oil Demand: The International Energy Agency (IEA) projects global oil demand growth will slow from 990,000 barrels per day (bpd) in Q1 to around 650,000 bpd for the rest of 2025, reflecting economic headwinds and record-high efficiency gains. The IEAโ€™s latest report (May 2025) estimates total demand will rise by 741,000 bpd in 2025, reaching 103.9 million bpd, with emerging markets (China, India, Africa, Latin America, Middle East) driving most of the growth. OECD demand is expected to decline, while non-OECD demand remains geographically diversified. Global Oil Supply: Global crude oil and liquids supply is forecast to average 104.4 million bpd in 2025, up 1.8 million bpd (+1.7%) from 2024. Non-OPEC+ countries (U.S., Brazil, Guyana, Canada) are expected to contribute most of the supply growth, potentially resulting in a supply surplus. OPEC+ extended its 3.7 million bpd supply cuts to the end of 2026, but voluntary cuts will be gradually phased out starting April 2025. Supply-Demand Balance: The EIA expects a supply surplus in 2025 as non-OPEC+ supply growth outpaces demand increases, especially with OPEC+ phasing out some cuts. 2. Inventory and Refinery Data U.S. Inventories: U.S. commercial crude oil inventories fell by 2.7 million barrels at the end of April, now about 6% below the five-year seasonal average. Gasoline and distillate inventories remain below average, suggesting tightness in refined product markets. U.S. refineries are operating at 88.6% capacity, with robust input and flat-to-lower gasoline production. 3. Geopolitical and Macro Factors Trade Policy and Geopolitics: Recent easing of U.S.-China trade tensions and progress in U.S.-Iran nuclear talks have improved risk sentiment and supported oil prices. Hopes for a Russia-Ukraine ceasefire and de-escalation in the Middle East have reduced risk premiums, but the market remains sensitive to any setback in negotiations. OPEC+ Compliance: OPEC+ compliance with production cuts was high (112%) in March 2025, tightening supply and helping prices rebound from recent lows. 4. Price Trends and Outlook Current Prices: WTI crude is trading around $62.80โ€“$63.50, rebounding from recent lows but still well below early 2025 peaks. Price volatility remains high (Brentโ€™s 30-day realized volatility peaked at 35%), reflecting sensitivity to geopolitical headlines and inventory data. Forecasts: J.P. Morgan maintains a Brent forecast of $66/bbl for 2025, with expectations for prices to remain under pressure due to supply surplus, but potential for mid-$70s if trade optimism and OPEC+ discipline persist. Futures markets price WTI at an average of $75/bbl for 2025, though this is above current spot prices. Summary Table Factor Current Status/Impact (May 2025) Global Demand Growth Slowing, driven by emerging markets Global Supply Rising, led by non-OPEC+ (US, Brazil, Guyana) OPEC+ Policy Extended cuts, gradual phase-out US Inventories Below 5-year average, supporting prices Geopolitical Risk Lower, but market remains headline-sensitive WTI Price Range $62.80โ€“$63.50 (recent), futures avg $75/bbl Volatility High, driven by macro and geopolitical uncertainty Conclusion USOIL fundamentals for May 2025 reflect a market balancing slower demand growth, robust non-OPEC+ supply, and cautious optimism on geopolitics. Ongoing OPEC+ discipline and below-average inventories provide some support, but the risk of a supply surplus and persistent volatility keep prices capped. Watch for trade policy shifts, OPEC+ compliance, and inventory trends as key catalysts for the month.
TVC:USOILShort
by Shavyfxhub
WTI Crude Oil awaits inventoriesPrice Movement: WTI Crude trades around $62.70 per barrel, marking a fourth straight session of gains. Main Bullish Driver: Geopolitical tensions โ€” reports suggest Israel may strike Iranโ€™s nuclear sites, sparking fears of supply disruption from Iran (OPECโ€™s 3rd largest producer). Risk of Iran retaliating by blocking the Strait of Hormuz, which could disrupt exports from Saudi Arabia, Kuwait, Iraq, and UAE. Limiting Factor: Rising U.S. crude supply API data shows a 2.49 million barrel build in U.S. crude stocks, defying expectations of a draw. Traders await confirmation from EIA stockpile data later today. Conclusion: Bullish momentum is currently driven by Middle East tension, but gains may be capped if U.S. inventory builds continue. Traders should watch for EIA data release and further geopolitical developments. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation
WTI CRUDE OIL: Mirror pattern calls for a sell.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 50.222, MACD = -0.370, ADX = 25.154) as the price is just under the 1D MA50, where it got rejected last Tuesday. In the meantime, it has the support of the 4H MA50, hence stuck inside a neutral range. This pattern is however identical to April, after which the price declined aggressively to the S1 level. Sell, TP = 56.00. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope