Get started
CFDs on WTI Crude OilCFDs on WTI Crude OilCFDs on WTI Crude Oil

CFDs on WTI Crude Oil

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

USOIL trade ideas

WTI CRUDE OIL TRADE SETUP : BREAKOUT OR BREAKDOWN ?📊 Key Observations: 🔹 Trend: 🚀 Strong bullish move followed by a correction 📉 🔻 Price is testing a support zone 🔹 Pattern Formation: 📏 Descending channel or flag-like structure 📍 Price is near a breakout point 🔹 Trade Setup: ✅ Entry Zone: Around 70.77 🛑 Stop Loss: 70.44 - 70.49 (Risk limit ❌) 🎯 Target Point: 71.80 (Profit zone ✅) 🔹 Indicators & Confirmation: 📊 DEMA (9) at 70.92 → Price is slightly below short-term momentum 🔥 A breakout above resistance could confirm a bullish move 🚀 📌 Conclusion: ✅ If price breaks the trendline upwards → Buy 📈 aiming for 71.80 🎯 ❌ If support at 70.44-70.49 fails → More downside possible ⚠️ 🚀 Watch for volume & candlestick confirmation before entering!
TVC:USOILLong
by Jameshead007
Crude oil meets resistance at high levels, it is time to go shorAlthough we have used the daily line to re-count the waves, and explained that the current rising market is in the 2nd wave rebound of the daily line, which is the sub-wave c of wave 2, the market is still in a bearish trend in the daily line. After the market has completed this wave of 2nd wave rebound and adjustment, it will continue to fall by 3 waves. In the 4-hour market, the current market has not risen above 72.90 US dollars. We can still regard it as a rebound of 3-2 waves, or a rebound of the main wave 4. The main decline wave 1 of 4 hours fell from 76.57 US dollars to 69.80 US dollars, a drop of 6.77 US dollars, and the current 4-hour main decline wave 3 fell from 72.90 US dollars to 64. .85 dollars fell to 8.05 dollars. Why can it be either 3-2 waves or 4 waves? Because the current 8.05 dollars is larger than the decline of the main decline wave 1, it can be regarded as 3 waves, and the current rebound is very strong, so it can be regarded as 4 waves, but I think from the perspective of the main decline wave 3 in 4 hours, the decline should be more than that, it should be greater than 10 US dollars, so it can also be regarded as a rebound of 3-2 waves. The key is whether this wave of rise will break 72.90 US dollars. If it breaks, it will be a sub-wave of the main decline wave 1 in 4 hours. Therefore, our trading ideas today do not have a main direction. The market will make orders when the strategy reaches that first. Today's crude oil recommendations: 1. Short at 72.65 US dollars, stop loss 30 points, and take profit 70.60 US dollars.
TVC:USOILShort
by TP_Daniel1
USOIL:Give priority to go long positions on the retracementU.S. heating oil futures gave back their gains. EIA (Energy Information Administration) data showed that U.S. distillate fuel oil inventories unexpectedly increased. U.S. gasoline futures' upward momentum expanded slightly, and the EIA data indicated that the inventory was basically in line with expectations. The commercial crude oil imports in the United States excluding the strategic petroleum reserve for the week ended March 28 reached the highest level since the week ended January 31, 2025. The EIA strategic petroleum reserve inventory in the United States for the week ended March 28 was at its highest level since the week ended October 28, 2022. The increase in EIA crude oil inventories in the United States for the week ended March 28 recorded the largest gain since the week ended January 31, 2025. The domestic crude oil production in the United States for the week ended March 28 was at its highest level since the week ended December 20, 2024. The commercial crude oil inventory in the United States excluding the strategic petroleum reserve for the week ended March 28 was at its highest level since the week ended July 12, 2024. Crude oil showed a trend of bottoming out and rebounding on Wednesday. It stabilized and rose near 70.7. After breaking through the $71.2 mark, there might have been a bullish reversal in crude oil. The oil price is expected to test the resistance level above 72.0. Once it further breaks through, it is expected to open up the upside space. In terms of future trading operations, it is advisable to consider laying out long positions on the retracement first. Trading Strategy: buy@70-70.5 TP:71.5-72 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
TVC:USOILLong
by LeoBlackwood
Oil - Short Term Buy Idea Update!!!Hi Traders, on March 25th I shared this "Oil - Expecting Retraces and Further Continuation Higher" I expected to see retraces and further continuation higher. You can read the full post using the link above. The bullish move delivered as expected!!! If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 ------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:WTILong
by VladimirRibakov
WTI Crude Oil INTRADAY breakout level retest at 7045WTI Crude Oil maintains a bullish sentiment, supported by the prevailing uptrend. The recent intraday movement suggests a corrective pullback toward a key support zone. Key Level: 70.45 This level represents the previous consolidation zone and now acts as a critical support area. Bullish Scenario: If the price bounces from 70.45, it could resume its upward trend, targeting 72.27, followed by 72.71 and 73.46 over a longer timeframe. Bearish Scenario: A confirmed break below 70.45 with a daily close under this level would weaken the bullish outlook, potentially leading to further declines toward 69.30 and 68.23. Conclusion: WTI Crude Oil remains bullish unless it loses support at 70.45. Traders should watch for either a bounce or a breakdown at this level to determine the next move. 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 Oil H4 | Pullback support at 61.8% Fibonacci retracementWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 69.99 which is a pullback support that aligns with the 61.8% Fibonacci retracement. Stop loss is at 68.40 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement. Take profit is at 72.94 which is a multi-swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILLong
by FXCM
Oil will soon be $200Technical and Fundamental Analysis of Crude Oil (WTI) Technical Analysis: 1. Key Support and Resistance Levels: The $80 level acts as a strong resistance, where the price has reversed in the past. Major support levels are at $66 and $68. 2. Overall Trend: The price has bounced from $66 and is currently trading around $70.94. If the price breaks above the $72 resistance, it could move towards $74-$76. A break below $68 may push the price down to $66 and potentially $64. 3. Price Action: A recent strong bullish move indicates buying interest in this zone. The price is attempting to stabilize above $70. Fundamental Analysis: 1. Key Influencing Factors: OPEC+ Decisions: Any production cuts could support oil prices. U.S. Economic Data: Inflation, interest rates, and Federal Reserve policies impact oil demand. Geopolitical Tensions: Conflicts in the Middle East or Russia can drive prices higher. U.S. Crude Oil Inventory: Declining inventories signal higher demand, boosting prices. 2. Overall Outlook: If global demand continues to rise and OPEC+ cuts production, oil could reach $74-$76. Weak economic data and slowing global growth may push prices down to $66. Conclusion: The price is at a critical level. A breakout above $72 confirms a bullish trend, while dropping below $68 could indicate weakness.
CAPITALCOM:OIL_CRUDE
by vsparan
Bullish momentum to extend?WTI Oil (XTI/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 69.86 1st Support: 68.71 1st Resistance: 71.83 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
Crude Oil: WTI Recovers Slightly Above the $70 ZoneSince touching the key support level at $67 , WTI crude oil has posted a notable recovery of more than 7% in recent weeks, and is now hovering slightly above the $70 per barrel mark. For now, the bullish bias remains intact as comments from the White House suggest potential tariffs ranging from 25% to 50% on countries that choose to trade Russian oil. According to President Trump, Russia has failed to implement a ceasefire in the short term and this could lead to additional tarrifs. Although this new tariff strategy has no official date, if enacted, it could significantly disrupt global oil supply, reinforcing short-term bullish expectations for crude. Wide Sideways Range: For several months now, oil has been moving within a stable sideways range between $81 (resistance) and $67 (support) per barrel. So far, there hasn't been any significant breakout from this channel, making it the dominant structure on the chart in the short term. MACD: The MACD histogram continues to oscillate just above the zero line, but recent sessions have shown slight bearish momentum, possibly signaling a pause in the upward movement as the dominance of the moving averages appears to be neutralizing. TRIX: A similar situation is developing in the TRIX indicator, with the line hovering just below the neutral 0 level. This suggests that the strength of the 18-period moving average has entered a zone of balance, lacking a clear directional force. The behavior of both indicators implies that momentum is gradually weakening as the price approaches resistance levels. Key Levels: $73: A key resistance level located near the midpoint of the sideways range, also aligning with the 200-period moving average. A breakout above this level could trigger a solid short-term bullish trend. $81: A distant resistance level marking the top of the current range. Price action reaching this level could be decisive in confirming a long-term bullish breakout. $67: A significant support level , marking the lower boundary of the range. A return to this level could revive previously dormant bearish pressure and potentially resume a longer-term downtrend that began several weeks ago. By Julian Pineda, CFA – Market Analyst
FOREXCOM:USOIL
by FOREXcom
USOIL Daily Analysis: Bullish Reversal from Key Support USOIL (WTI Crude Oil) daily chart showing price action analysis. Key Observations: Support Zone: A strong demand zone is marked around $65-$66, which has acted as a reversal area in the past. The price has recently bounced off this zone, indicating potential buyer interest. Current Price Action: Price is currently trading at $68.25. A bullish move started from the support region, with a higher low formation suggesting potential upside momentum. Potential Scenario: The chart suggests a pullback before continuation to the upside. If the support holds, $70-$72 could be the next target. If price fails to hold above $66, further downside towards $64 may be possible. Outlook: Bullish Bias 📈 as long as the price remains above the demand zone. Watch for a higher low confirmation before entering a long trade. Breakout above $70 could signal a stronger rally.
TVC:USOILLong
by MrStellanSight
USOIL:The bullish momentum demonstrates strong performanceRecently, the United States has stepped up its sanctions against Iran. It also made threatening remarks indicating that if the peace talks between Russia and Ukraine fail to reach an agreement, it will further intensify sanctions against Russia. Such actions have heightened the market's concerns about the future supply side. Meanwhile, the short-term and phased decline in the United States' domestic oil production, combined with its temporary abstention from taking additional measures to suppress oil prices, has led to a certain increase in the supporting strength of the oil market recently. Yesterday, the upward trend of oil prices continued. Take a long position at $71.05 for the oil price. Set a stop-loss of 30 basis points and a take-profit at $72.70. Trading Strategy: buy@70.8-71.05 TP:72.20-72.50 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
TVC:USOILLong
by LeoBlackwood
Oil and Gas Markets: Price Pressures and Future OutlookPYTH:WTI3! ICEEUR:BRN1! NYMEX:RB1! FXOPEN:XNGUSD Market Overview: Supply, Demand, and Geopolitical Factors The oil and gas markets continue to experience significant volatility, driven by a combination of seasonal trends, production adjustments, and geopolitical developments. U.S. natural gas storage has decreased due to seasonal withdrawals, though inventories remain above the five-year average. Meanwhile, crude oil prices have struggled to find momentum, weighed down by concerns over demand growth and economic uncertainty. Global oil production has remained relatively stable, but market participants are closely monitoring potential disruptions. OPEC+ has maintained its commitment to output restrictions, aiming to support prices amid fluctuating demand. However, recent indications from major producers suggest potential shifts in supply strategies, particularly in response to changes in global consumption patterns. Price Trends and Market Pressures Oil prices have faced downward pressure, with West Texas Intermediate (WTI) recently trading below $70 per barrel. Concerns over slowing demand, particularly in key economies like China and the Eurozone, have contributed to this decline. Additionally, rising interest rates in the United States have dampened economic activity, potentially reducing fuel consumption in the long term. Natural gas prices have also been volatile, reflecting shifts in supply and demand dynamics. While storage levels remain elevated compared to historical averages, colder-than-expected weather in certain regions has led to temporary price spikes. However, recent price movements indicate a broader downward trend, as fundamental supply-demand balances exert pressure on valuations. The price of the F26, which reached $5.9 two weeks ago, has since declined to $5.3, with further movement toward approximately $4.8 anticipated based on current market conditions. These dynamics reflect the ongoing adjustments in global gas markets amid changing consumption patterns and seasonal fluctuations. Corporate Performance The impact of these price movements has been felt unevenly across the oil and gas sector. Major integrated energy companies have managed to maintain profitability due to diversified revenue streams, while smaller, more vulnerable producers have faced greater challenges. Refining margins have fluctuated, with some refiners benefiting from lower crude prices while others struggle with narrowing spreads. Companies with strong exposure to liquefied natural gas (LNG) exports have seen continued demand, particularly in Europe and Asia, where energy security remains a priority. However, firms heavily reliant on upstream oil production have encountered profit pressures as crude prices remain subdued. The resilience of oilfield service providers has also been tested, with cost-cutting measures and efficiency improvements becoming necessary for a sustainable existence. Risks and Future Outlook The outlook for oil and gas markets remains uncertain, with multiple risk factors at play. Potential production policy changes by OPEC+, geopolitical tensions in key producing regions, and ongoing economic uncertainties all contribute to an unpredictable pricing environment. Additionally, regulatory shifts and climate policies could further impact the long-term trajectory of fossil fuel demand. While short-term volatility may deter some, long-term structural changes in energy consumption and supply dynamics will shape future investment strategies. As global economies navigate inflationary pressures and evolving energy policies, oil and gas markets will continue to adjust, presenting both risks and rewards for market participants.
BLACKBULL:WTI
by igorisaev