USOIL trade ideas
USOIL:Beware of pullback.The short-term trend of crude usoil continues to fluctuate and fall, hitting the 60 mark. Usoil prices gained some support at 60 and formed a rebound rhythm. The moving average system still suppresses oil prices, and the objective short-term trend direction remains downward. In terms of momentum, the MACD indicator crosses upward below the zero axis, and bullish momentum strengthens. It is expected that after a slight upward movement in crude oil prices during the day, there is a high probability of being blocked again near 62.50 and falling.
USOIL
sell@62-62.5
tp:61-60.5
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Bullish bounce off overlap support?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance, which is a pullback resistance.
Pivot: 59.97
1st Support: 57.60
1st Resistance: 63.27
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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.
WTI Oil H4 | Falling toward an overlap supportWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 60.44 which is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 57.60 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement.
Take profit is at 63.68 which is a multi-swing-high resistance.
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Bullish momentum to extend?WTI Oil (XTI/USD) has bounced off the pivot and could rise to the 1st resistance, which lines up with the 61.8% Fibonacci projection.
Pivot: 60.08
1st Support: 57.68
1st Resistance: 64.63
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.
USOIL RISKY SHORT|
✅CRUDE OIL is going up to retest
A horizontal resistance of 62.00$
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 60.62$
SHORT🔥
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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
Oil has confirmed resuming of uptrend.Oil has confirmed resuming of uptrend. Next tp is 65$. We can also see nice harmonical bullish bat pattern.
USOIL Today's Trading StrategyFrom the demand side, although U.S. crude oil inventories are currently rising and oil product demand is declining, the summer driving season is approaching, and gasoline consumption is expected to increase significantly—a yearly pattern. For example, during summer, increased driving leads to more people refueling at gas stations, boosting gasoline demand and in turn driving crude oil demand growth. Additionally, the gradual recovery of the global economy will increase industrial production's consumption of crude oil, providing strong support for oil prices.
In terms of geopolitics, tensions in the Middle East persist, with high uncertainty surrounding the Iran nuclear negotiations and elevated risks of conflict between Israel and Iran. If a conflict breaks out, crude oil production and transportation in the Middle East will inevitably be disrupted, reducing global crude oil supply and causing oil prices to surge rapidly like a rocket.
USOIL Today's Trading Strategy:
USOIL BUY@61~60.5
SL:60
TP:62.5~63
WTI Oil H4 | Potential bullish bounceWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 60.44 which is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 57.60 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement.
Take profit is at 63.68 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 (tradu.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 (tradu.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 Global LLC (tradu.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
CRUDE OIL Local Long! Buy!
Hello,Traders!
USOIL has retested a
Nice round horizontal
Support level of 60$
And we are predictably
Seeing a bullish reaction
From the level which we
Believe will take the price
A bit higher still
Buy!
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US OILUS Oil Index
- Bullish Channel as an corrective pattern in Short Time Frame
- Break of Structure
- RSI - Divergence
- Completed " 12345 " Impulsive Waves
- Resistance Level
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
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Crude Oil (WTI/USD) Short Setup🔻 Crude Oil (WTI/USD) Short Setup – Trend Exhaustion with Bearish Risk/Reward Play
Crude oil has shown weakness after failing to reclaim the $62.50–63.00 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.
📉 Entry: 61.97
🎯 Target: 57.83
🛑 Stop Loss: 63.87
📊 Risk/Reward Ratio: 2.18
📆 Expected Duration: ~5 days
📌 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.
💬 A break below 60.12 confirms momentum shift. A close above 62.50 invalidates the short.
Crude OilU.S Oil Index
- Rising Wedge as an corrective pattern in Short Time Frame
- Break of Structure
- Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
- Change of Characteristics
- RSI - Divergence
WTI Crude: Bears Target 60.549 USDHey traders and investors!
🔹 Crude Oil — 1D / 4H
📍 Context
Daily (1D): clear short trend; price capped below 65.40 USD.
4-Hour (4H): sideways range — its boundaries are marked by black lines on the chart — with seller initiative in control.
Higher-time-frame levels reinforce the bearish bias.
🔎 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.
🎯 Trade Idea
Setup: hunt for short patterns inside the IKC range.
Target: 60.549 USD (range low).
Confirmation: pattern on M15–H1 + seller-side volume.
📌 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!
Oil: Elliott Wave WXY Pattern Signals Potential Shift🛢☕️ #OilInsteadOfCoffee | 📐 #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.
⚠️ Disclaimer:
Our analysis is food for thought, not a call to action.
Trade with a cool head, a clear plan, and your own analysis.
USOIL | Bullish | Double Bottom USOIL has printed a double bottom with bullish divergence.It indicates that it is going to make new higher highs and start a bullish rally.
The main strategy is to go long on pullbacksDuring the Asian trading session on Monday, Brent crude fell slightly by $0.05 to $65.15 per barrel; WTI crude was quoted at $61.76, while the more actively traded July contract dropped $0.04 to $61.93. Both benchmark oil prices recorded weekly gains of over 1% last week, mainly boosted by the easing of global trade sentiment. The market will closely monitor data to be released soon by a major Asian economy, including April industrial added value, fixed asset investment, and retail sales. ANZ Bank noted in a report that weak data from the major Asian economy could undermine the optimism brought by the tariff suspension, thereby pressing down oil prices.👉👉👉
The K-line closed as a yang line with a long lower shadow, indicating strong bullish momentum from buyers. The moving average system is gradually arranging in a bullish formation, relying on the oil price, and the short-term objective trend direction has turned upward. It is expected that the intraday crude oil trend will continue to rise, reaching near 63. Overall, in terms of crude oil trading strategies, it is recommended to focus on buying low on pullbacks and supplement with selling high on rebounds. In the short term, pay attention to the resistance at the 63.0-63.5 level above, and the support at the 61.0-60.5 level below.
Oil trading strategy：
buy @ 61.00-61.50
sl 60.00
tp 62.30-62.80
If you think the analysis helpful, you can give a thumbs-up to show your support. If you have different opinions, you can leave your thoughts in the comments. Thank you for reading!👉👉👉
USOIL Will Fall! Short!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 60.503.
Taking into consideration the structure & trend analysis, I believe that the market will reach 55.493 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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WTI Update | Oil CrashSince the last update we were able to perform about two to three swing trades. One from $70 - $79, and from $79 to $68. The next move I'm looking for is another short position from current market price ~($62) to swing to the next major low $33.
We saw a rejection last week and we're currently pulling back to retest the little selloff we had.
Could say this next local move will look to selloff mid week making its way back to $57 which would be a nice short term swing.
The $33 target would be the long term swing of course and moving on I would like to see a break below $57 and a retest.
