USOIL trade ideas
WTI Oil – From Conflict to StrategyBack on April 24, I marked a short zone. On June 11, price broke above that level, giving a long opportunity — which I took.
Unfortunately, it coincided with the tragic military strike by Israel on Iran, pushing oil sharply higher. I’ve pinned that analysis.
Following the ceasefire, price dropped again — just a reminder that geopolitics can shake the charts.
As traders, we stay prepared to act, even while acknowledging the deep sadness of lives lost.
Now I wait for price to reach my marked level again. If I get a valid signal, I’ll short.
But if price breaks and holds above, I’ll buy the pullback — with no bias, just pure execution.
Risk-managed. Emotion-neutral. Opportunity-focused.
Crude oil under pressure after OPEC+WTI Crude oil had rejected the 20-moving average area, having reversed off the $68 price area after the OPEC+ announcement about the upcoming production increase. The short-term energy outlook forecast from eia.org had lowered the expected fair price for CL futures based on supply and demand estimation for 2025 - the average price is projected around $60 with a possibility to drive lower.
COT reports show the increasing short position for commercial traders, which had almost reached the new bottom - a potential short signal for the oil.
Given the weak sentiment (we’ve seen the massive drop of oil futures after the resolution of Israel-Iran situation) and overall downtrend, we can project the downside move as shown at the chart.
Don't forget - this is just the idea, always do your own reserch and never forget to manage your risk!
Does someone knows something that we don't?It seems to me we are getting in an accumulation phase on oil. Is there another war rally on the horizon or something else!? They can manipulate price but they can't manipulate volume that easily. Notice that every time price rises, volume rises with it and when price falls, volume decreases with it. My bet would be buying bellow the last lows, where a sea of stop loss rests, before ripping up the page.
Bullish bounce>WTI Oil (XTI/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 65.65
1st Support: 63.74
1st Resistance: 68.24
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Momentum Cools as Oil Eyes Reentry From $67.6FenzoFx—Crude Oil bounced from $66.2, a support backed by the volume profile point of interest, but lost momentum after hitting the bearish FVG.
Currently trading near $68.2 with Stochastic overbought. A pullback to $67.6 can offer a low-risk reentry. The bullish bias remains intact above $65.2, with $70.3 as the next target.
US CRUDE OIL (WTI): Bullish Move From Support📈USOIL appears to be bullish following a consolidation at a significant daily support level.
The emergence of a bullish imbalance candle reinforces this positive outlook.
I anticipate the price will rise to at least 68.00, potentially reaching 69.00.
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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Daily time frame
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Crude oil moves up alternately during the day
💡Message Strategy
WTI crude oil prices snapped a three-day winning streak and were trading around $66.00 a barrel in early European trading Thursday. Crude oil prices fell as rising U.S. crude inventories heightened concerns about weak demand in the United States, the world's largest oil consumer.
📊Technical aspects
From the daily chart level, crude oil fluctuates upward in the medium term and tests around 78. The K-line closes with a large real negative line, which has not yet destroyed the moving average system and is still supported. The medium-term objective upward trend remains unchanged.
However, from the perspective of momentum, the MACD indicator crosses downward above the zero axis, indicating that the bullish momentum is weakening. It is expected that the medium-term trend of crude oil will fall into a high-level oscillation pattern.
The short-term trend of crude oil (4H) fluctuated and consolidated for two trading days. The oil price repeatedly crossed the moving average system, and the objective trend direction fluctuated. From the perspective of the primary and secondary rhythms, the current rhythm is a secondary oscillation rhythm. According to the law of primary and secondary alternation, the subjective trend still maintains an upward direction. In terms of momentum, there are signs of weakening upward momentum, and it is expected that the crude oil trend will continue to be mainly upward.
💰Strategy Package
Long Position:65.50-66.00，SL：64.50，Target:69.00-70.00
Usoil buy trade am holding since last week📈 USOIL Trade Update – Long Position Holding Strong Since Last Week 🔥
Guess I didn't post this last week...
Caught this buy from the demand zone around $64.16, with a clean structure shift and bullish momentum confirmation.
The market is respecting structure with higher highs and higher lows forming beautifully. As price approaches my target zone, I’m locking in profits and managing risk. Trade has been running smoothly for days 💪🏽
SL at break even now, Holding patiently for that final push to the $70+ area. Let's see how the market reacts at that key zone.
Oil (WTI) – Preparing for Potential Fresh VolatilityThe price of Oil (WTI) fell dramatically last week, from a high of 78.88 on Monday June 23rd to a low of 65.21 on Tuesday June 24th, as a ceasefire was first agreed and then held between Israel and Iran. This shifted the focus for traders back to US trade talks and looming tariffs, the direction of US economic growth and the potential for another OPEC+ production increase. Although, it must be said that nervousness about the sustainability of the ceasefire is still drawing the focus of traders this week and may continue to do so.
In terms of trade, Oil prices jumped higher yesterday as a trade deal between the US and Vietnam was announced, but the question remains, could this rally be short lived?
President Trump stated on Tuesday that he doesn’t expect to delay his July 9th tariff deadline, which could see higher import penalties reimposed on key trading partners, such as Japan and the EU. While it seems that traders may still be unsure whether he really means this, any potential impact on Oil prices could increase the closer we move to the deadline.
Today’s data releases could provide some key insights into the health of the US economy, with Non-farm payrolls released at 1330 BST and the US ISM Services PMI due at 1500 BST. Traders expect jobs growth to continue to moderate, so any bigger downside surprises could increase Oil price volatility, and the direction of service activity (bars, restaurants etc), the main driver of US growth for many months, may also be crucial for sentiment. Traders may be watching for whether there has been any major deterioration in this services PMI reading, back towards, or below 50, which is the dividing line between economic contraction and expansion.
Then, Sunday’s (July 6th) OPEC+ meeting, where the group is expected to agree to an August supply increase for a fourth month in a row, moves into focus. Depending on this OPEC+ decision and any tariff or geo-political developments over the weekend, Oil prices could potentially open up at very different levels on Monday morning.
Technical Update: Breaking Higher From Range?
Following the aggressive sell-off in the price of Oil from the 78.88 June 22nd high into the 65.21 June 24th low, a period of stability materialised as traders assessed the developing geo-political backdrop.
This saw price activity held by support offered by the 65.21 price low and resistance by the 67.54 June 26th high. However, as the 4 hourly chart above shows, the latest activity has now seen prices move out of this range, with a closing break above the previous 67.54 high.
While a break higher from such a sideways range in price is not a guarantee of continued upside, traders may now be viewing this type of activity as reflecting potential for a more extended phase of price strength.
Next Possible Resistance Levels.
If further price strength is to emerge, it might now suggest possibilities to test the 70.48 level, which is equal to the 38.2% Fibonacci retracement of the June 22nd to June 24th decline.
Closing breaks above this resistance may then lead to further attempts at price strength towards 72.08, which is the higher 50% retracement level.
Next Possible Support Levels
While some traders might view a move back into the old sideways price range, which would be represented by closes back under the 67.54 recent high, as marking the possibility of increasing downside pressure again, it might in fact be breaks under the 66.98 level, which is equal to half latest strength, that indicates the potential of further price declines.
Such downside closing breaks may well suggest potential to retest the 65.21 June 24th low trade, possibly further if this in turn gives way.
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WTI Crude Oil volatility spikeWTI prices ticked higher as renewed Houthi attacks in the Red Sea raised supply and shipping risk concerns.
A drone and speedboat strike on a Greek-operated vessel killed four crew members, marking the second attack in a day and signaling a fresh escalation after a temporary Middle East truce.
The Red Sea remains a critical route for crude flows, and heightened tensions could support oil prices due to potential disruptions.
However, US inventory data is a key counterweight:
The API reported a surprise 7.1 million barrel build in crude stockpiles last week (vs. expected 2.8M draw).
This adds to an 11 million barrel increase in inventories year-to-date, which could limit upside momentum in WTI.
Traders now await the official EIA report later today, which could confirm or challenge API’s bearish signal.
Trading Implications:
Geopolitical premium is re-entering the market—bullish for WTI in the short term.
Inventory build limits gains—if confirmed by EIA, could lead to price pullbacks.
Key levels and positioning will hinge on EIA stock data and any further escalation in shipping threats.
Bias:
Short-term: Bullish with upside risk from Red Sea conflict
Medium-term: Capped by high U.S. stock levels unless demand outlook improves
Key Support and Resistance Levels
Resistance Level 1: 7120
Resistance Level 2: 7260
Resistance Level 3: 7375
Support Level 1: 6650
Support Level 2: 6460
Support Level 3: 6290
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Crude oil shock trend direction
💡Message Strategy
During the European trading session on Monday, the West Texas Intermediate (WTI) crude oil futures on the New York Mercantile Exchange recovered the previous losses and rebounded to around $67.50 per barrel. Although OPEC+ confirmed that the increase in oil production in August will be higher than expected, oil prices still rebounded.
From the daily chart level, the medium-term trend of crude oil fluctuated upward and tested around 78. The K-line closed with a large real negative line, which has not yet destroyed the moving average system and is still supported. The medium-term objective upward trend remains unchanged. However, from the perspective of momentum, the MACD indicator crosses downward above the zero axis, indicating that the bullish momentum is weakening. It is expected that the medium-term trend of crude oil will fall into a high-level oscillating upward pattern.
📊Technical aspects
The short-term (1H) trend of crude oil failed to continue to hit a new low and showed a rebound rhythm. The oil price crossed the moving average system, and the short-term objective trend entered a transition period. From the perspective of momentum, the MACD indicator crossed the zero axis, and the red column indicated that the bullish momentum was sufficient. At present, the price is running in a wide range, with a range of 65.50-67.80. It is expected that the trend of crude oil will repeatedly test the upper edge of the range within the range.
💰Strategy Package
Long Position:67.00-67.50，SL：65.50，Target:70.00
WTI USOIL WTI oil ,watch oil inventory and opec data report for clear directional bias . if the monthly candle closes above the supply roof,it will be a long confirmation if demand holds .the probability of rejection is high, because the current candle is coming as a retest candle to broken demand floor that served as bench mark oil price level 65$-68$ zone for long time .
#oil #opec #usoil #wti
USOIL: Local Bearish Bias! Short!
My dear friends,
Today we will analyse USOIL together☺️
The market is at an inflection zone and price has now reached an area around 68.669 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 67.925..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
OIL IDEA /30 06 25So we are looking for this Short position, but first we need a better Premium position
USOIL long WTI crude oil is approaching strong support around $71, with oversold technicals and stabilizing demand outlook. Geopolitical tensions in the Middle East and potential U.S.–Iran friction may limit downside. A long position targets a rebound from this key level.
Elliot...
TRADING IDEA - US CRUDE OIL - BEARISH FLAG, CONCERNS ON GLOBAL EFOREXCOM:USOIL
The US Crude Oil prices went down yesterday, mostly because of the tariffs and concerns on demand.
Here is what the Bloomberg is writing: " OPEC+ is discussing a pause in its oil production increases from October is fueling concerns about a slowdown in global energy demand. In addition, the intensification of US tariffs risks slowing global economic growth and energy demand after President Trump ramped up tariffs on numerous countries this week, including a 50% tariff on Brazil."
So, despite the pause in oil production increase, which is supposed to be bullish factor the oil prices, we may see the slowdown in global economy and supposedly a recession because of Trump's tariffs. This is a long-term bearish factor for the oil. I think that we will see another bearish impulse here, according to what we observe on the chart.
There is a nice bearish flag and i am planning to short it with a target nearby 6,540.00 support level.
🔽 a pending sell stop order at 6615.3 with
❌a stop loss at 6680.9 and
🤑a take profit at 6544.0
Trade cautiously! Preserve your deposits!
WTI crude oil Wave Analysis – 8 July 2025- WTI crude oil reversed from the support zone
- Likely to rise to resistance level 70.00
WTI crude oil recently reversed up from the support zone located between the key support level 64.55 (former resistance from the end of April), the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from May.
The upward reversal from this support zone started the active medium-term ABC correction (2).
WTI crude oil can be expected to rise to the next round resistance level 70.00 (target price for the completion of the active impulse wave i).
WTI Oil H4 | Heading into a pullback resistanceWTI oil (USOIL) could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 68.28 which is a pullback resistance.
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 63.86 which is a pullback support that aligns closely with the 161.8% Fibonacci extension.
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USOIL: Will Keep Growing! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the USOIL pair price action which suggests a high likelihood of a coming move up.
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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USOIL Will Collapse! SELL!
My dear subscribers,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 68.66 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 67.95
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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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WISH YOU ALL LUCK
USOIL - Bearish Double TOPHello Traders !
The USOIL failed to create a new higher high!
The price formed a double top pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
________________
TARGET: 64.960🎯
