USOIL LETS MAKE OIL GREAT AGAIN TO 80$HELLO TRADERS
As i can see USOIL it formaing H & S pattrent and now trading above a strong Weekly horizontal Support zone if prices hold above 65$ then given Tp can be easy target if we see a higher demand and tight supply with the War going on around the world its a huge possibilty that pricce can shoot up we have to monitor the 65$ price zone which is importat to hold bull cycle on smaller TF 4HR it is creating Wickoff pattren too and we can see Fibo levels golden ratio can hit our targers or risk reward is great for us becaus we was buying the dip in May it is just starting chart is crystal clear its just a trade idea share your thoughts we appriciate ur comments and support Stay tuned for more updates
USOIL trade ideas
The first crude oil target was reached perfectly
💡Message Strategy
Last Friday (May 31), oil prices fell slightly as traders generally expected OPEC+ to "play a big trick" - increasing production in July to more than 500,000 barrels per day.
Potential risks: The supply and demand game is not over
OPEC+'s production increase plan still faces implementation difficulties. Countries such as Kazakhstan have previously refused to cut production, and the actual production capacity of some member countries (such as Nigeria and Angola) is close to the upper limit. If global demand declines due to expectations of economic recession, OPEC+'s "moderate production increase" may evolve into "passive inventory accumulation", thereby suppressing medium- and long-term oil prices.
Short-term supply concerns: Russia is the world's second largest crude oil exporter. If its military facilities are frequently attacked, it may affect the stability of its energy infrastructure.
"Extreme pressure" before negotiations: The attack occurred on the eve of the ceasefire negotiations between Russia and Ukraine. Ukraine tried to increase its bargaining chips through military actions. If the negotiations fail, Western sanctions against Russia may be increased, further disrupting crude oil trade flows.
Risk premium returns: Geopolitical conflicts have always been a "fuel" for oil prices. When the war between Russia and Ukraine broke out in 2022, Brent crude oil once surged to $139 per barrel. Although the current supply and demand environment is different, the market's sensitivity to emergencies remains.
📊Technical aspects
Crude oil fluctuated in a range last week, with a minimum of 59.8 and a maximum of 63. The weekly line closed at 60.7. The weekly line shows that oil prices are in an upward channel and there is a rebound. The focus is on whether 64 can be broken through. The daily line shows a large range of fluctuations. In summary, this week's operation ideas are mainly based on callbacks and longs. First look at the 63-61-58 range. In the day, the four-hour line is range-oscillated. First look at 4 on the top. The hourly line is oscillating upward. Today's big rise has come to our first target position, rising to the 63 line. From the shape, there is still room for growth. In summary, the intraday operation ideas are mainly oscillating upward, and the focus is on 61 and 60 below.
💰 Strategy Package
Long Position: 61.50-62.00
Crude oil is moving upward again, testing 63 today
💡Message Strategy
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) met at their headquarters in Vienna on Wednesday to assess the current oil market situation. WTI crude oil prices climbed above $62 as OPEC+ said there would be no immediate change to current production policies.
📊Technical aspects
From the daily chart level, the medium-term moving average system suppresses the rebound of oil prices, and the medium-term objective trend is downward. After the oil price hit the low point of 55.20, the frequent alternation of long and short positions formed, and the embryonic form of a falling flag relay appeared from the shape. Pay attention to the strength of the oil price testing the upper edge of the flag. It is expected that after the medium-term trend fluctuates, it will still rise to the 64 position.
The short-term (1H) trend of crude oil fluctuates upward, and the oil price breaks through the 62.5 resistance level. The moving average system diverges and arranges upward, and the short-term objective trend direction is upward. In terms of momentum, the MACD indicator is above the zero axis and the golden cross opens upward, and the bullish momentum is sufficient. It is expected that the crude oil trend will continue to rise within the day.
💰 Strategy Package
Long Position: 61.20-62.00
Market Analysis: WTI Crude Oil Price Could Gain Bullish PaceMarket Analysis: WTI Crude Oil Price Could Gain Bullish Pace
WTI Crude Oil is gaining bullish momentum and might even test $62.75.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude Oil climbed above the $60.50 and $60.80 resistance levels.
- There was a break above a key bearish trend line with resistance at $60.80 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 $59.45 against the US Dollar. The price gained bullish momentum after it broke the $60.00 resistance.
The bulls pushed the price above the 50% Fib retracement level of the downward move from the $62.76 swing high to the $59.45 low. The price even climbed above the 50-hour simple moving average. Besides, there was a break above a key bearish trend line with resistance at $60.80.
It tested the $61.50 resistance zone and the 61.8% Fib retracement level of the downward move from the $62.76 swing high to the $59.45 low.
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 $62.00. The next major resistance is near the $62.75 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 $60.80 support level. The next major support on the WTI Crude Oil chart is near the $59.45 zone, below which the price could test the $58.00 zone.
If there is a downside break, the price might decline toward $56.50. 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.
USOIL Today's Trading Strategy Hope this helps you### (1)Significant Pressure on the Supply Side
OPEC+ has a strong expectation to increase production, with some oil-producing countries planning to further raise output in July. Core producers such as Saudi Arabia and the United Arab Emirates have ample idle capacity and can rapidly expand supply. The resurgent production activity of U.S. shale oil enterprises, with an increase in the number of drilling rigs and sustained production growth, has further exacerbated the global crude oil supply glut. Once OPEC+'s production increase plan is implemented, the supply of crude oil in the market will surge. In the absence of a significant improvement in demand, oil prices will inevitably face enormous downward pressure.
### (2)Weak Demand Growth
The global economic recovery has been slow, with economic growth data in some countries and regions falling short of expectations. Sluggish industrial production activities have made it difficult to boost demand for crude oil. The rapid development and widespread application of new energy technologies have also been continuously squeezing the market space for crude oil, as more and more sectors are using clean energy as a substitute for crude oil, leading to limited growth in crude oil demand. In addition, recently released economic data show that the manufacturing purchasing managers' index (PMI) in many countries is below the expansion-contraction threshold, indicating that demand for crude oil from industrial production will continue to be weak in the future.
From a technical analysis perspective, crude oil prices face strong resistance in the $62-$62.50 range, with the price repeatedly encountering resistance and falling back in this area in the past. The current price is approaching this resistance zone, and if it fails to break through effectively, the price is highly likely to reverse and decline. At the same time, the moving average system is in a bearish arrangement, with short-term moving averages suppressing long-term ones. Technical indicators such as MACD and KDJ also suggest a downward trend in prices, further validating the possibility of shorting.
USOIL Today's Trading Strategy Hope this helps you
USOIL SELL@62~62.5
SL:63.5
TP:61~61.5
USOIL next week trend analysis, hope it helps you
US WTI crude oil rose more than 4.5% in May, but OPEC+ agreed on Saturday to continue increasing oil production by 411,000 barrels per day for the third consecutive month. The market is preparing for a new round of supply injection from OPEC+, with hedge funds accelerating bearish bets on oil prices. Bearish bets on Brent crude have reached their highest level since October last year. In the week ending May 27, money managers increased their short positions in Brent crude futures by 16,922 lots to 130,019 lots; meanwhile, CFTC data showed that bearish bets on WTI crude also rose to a three-week high. Even during the summer driving season, bearish bets on gasoline rose to a four-week high.
Under the dual impact of increased supply and weak demand, investors lack confidence in the crude oil market. The market is shrouded in thick bearish sentiment, with a large number of investors choosing to sell crude oil-related assets. This selling behavior can form a chain reaction, further pushing down crude oil prices. As long as the fundamentals of supply and demand do not improve significantly, market pessimism will continue to dominate, creating conditions for a downward trend in crude oil prices.
based on the current situation of surging supply-side pressure, weak demand, and thick bearish sentiment in the crude oil market, crude oil prices have significant downside potential and offer certain short-selling opportunities.
USOIL next week trend analysis, hope it helps you
USOIL SELL@61~60.5
SL:62
TP:60~59.5
USOIL:Sharing of the Trading Strategy for Next WeekAll the trading signals this week have resulted in profits!!! Check it!!!👉👉👉
Fundamental Analysis:
Uncertainty over the OPEC+ production increase plan continues to unsettle markets. If the 增产 (production hike) is implemented, increased supply will pressure oil prices.
Meanwhile, uneven global economic recovery has impacted crude oil demand expectations.
Technical Analysis:
Daily candlestick charts show prices oscillating within a $59–$63 range. The MACD indicator remains below the zero line, with bearish signals persisting.
The 50-day moving average forms strong resistance near $63, while $58.9 serves as key support.
Trading Strategy:
Await rebounds to initiate short positions.
Trading Strategy:
Sell@63-62
TP:60-59
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USOIL next week trend analysis, hope it helps youThe current crude oil price stands at 60.49, a level shaped by multiple factors. On the supply side, news of an OPEC+ planned production increase has exerted significant pressure on the market. Although the specific details of the July production increase have not yet been finalized, expectations of higher output have spread, fueling concerns that a substantial increase in future crude oil supply will depress prices. At the same time, there are new developments in the U.S. shale oil industry: recent resumptions of production by some shale oil companies have led to rising output, further increasing uncertainties on the supply side.
On the demand side, the situation is equally bleak. Slower global economic growth and poor economic data in some countries have resulted in weak growth in industrial demand for crude oil. Moreover, with continuous advancements in new energy technologies, more and more sectors are adopting new energy as a substitute for traditional crude oil. For example, the popularity of electric vehicles has reduced demand for gasoline, thereby impacting overall crude oil demand.
Considering both supply and demand factors, the outlook for crude oil prices next week is pessimistic, and prices may continue to face downward pressure. If OPEC+ confirms a large-scale production increase plan at its upcoming meeting, expectations of higher supply will be further reinforced, and oil prices are likely to fall. However, the crude oil market is highly volatile, and geopolitical factors cannot be ignored. If instability emerges in the Middle East—such as escalated geopolitical conflicts affecting crude oil production and transportation—oil prices could unexpectedly rebound. Based on current information, however, the likelihood of a downward adjustment in crude oil prices next week remains high under the dual pressures of increased supply and weak demand.
USOIL next week trend analysis, hope it helps you
USOIL SELL@61~60.5
SL:62
TP:60~59.5
USOIL: Target Is Down! Short!
Today we will analyse USOIL together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 60.844 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
USOIL Expected Growth! BUY!
My dear subscribers,
My technical analysis for USOIL is below:
The price is coiling around a solid key level - 60.68
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 61.41
My Stop Loss - 60.25
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
USOIL next week trend analysis, hope it helps youLimited support on the demand side
- Seasonal factors: The U.S. summer travel peak has begun, with gasoline demand increasing by approximately 3% month-on-month, but warm winter conditions have caused heating oil consumption to decline by 5% year-on-year .
- Economic outlook: Expectations for a slowdown in global economic growth have intensified, with the International Monetary Fund (IMF) latest report cutting its 2025 global GDP growth forecast to 2.8%. Downgraded growth expectations for major economies may curb crude oil consumption potential .
- New energy substitution: Global new energy vehicle sales grew by 25% year-on-year in 2025, and combined with improvements in fuel efficiency, the elasticity of crude oil demand continues to decline.
USOIL next week trend analysis, hope it helps you
USOIL SELL@61~60.5
SL:62
TP:60~59.5
Oil Price Rally Stalls at $77.72, Just Below 2025 HighFenzoFx—Oil prices resumed their bullish trend, accelerating after geopolitical tensions in the Middle East. The rally paused at $77.72, just below the 2025 high.
RSI 14 indicates an overbought market, while volume accumulation at $73.7 suggests possible sell orders. A consolidation phase is likely before further gains.
If oil pulls back, key demand zones at $64.00 and $66.00 offer bullish opportunities, with a potential move toward the 2025 high at $80.59.
USOIL:Go long
USOIL:Crude oil rose sharply under the tension in the Middle East, the early repeatedly suggested that the continuous low shock after the upward breakthrough, the time of storage force is long enough, especially the watershed 64.8 break after the rising space has been opened, the trading idea is still to step back and do long.
Trading Strategy:
BUY@66.9-67.2
TP: 68.6-69
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Bullish momentum remains robust.International oil prices surged then pulled back. Brent crude oil futures fell 47 cents to $69.40 per barrel, while U.S. West Texas Intermediate (WTI) dropped 33 cents to $67.84. In the previous session, both Brent and WTI recorded over 4% gains, hitting their highest levels since early April.
On Wednesday, U.S. President Trump stated that the U.S. is withdrawing some personnel from the Middle East due to the region's potential danger, reiterating that Iran will not be allowed to develop nuclear weapons. Meanwhile, market surveys showed the U.S. is preparing partial evacuations of personnel from its embassy in Iraq and allowing family members in Bahrain and other areas to leave. U.S. and Iraqi sources revealed the move primarily stems from heightened security risks in the region.
Current upward momentum in the oil market is driven by dual factors: geopolitical tensions in the Middle East and unexpected declines in U.S. inventories. In the short term, as long as tensions between Iran and the U.S. show no signs of easing, the market will continue to monitor potential supply disruption risks. Additionally, the alleviation of trade concerns and global economic recovery expectations will provide strong long-term support for oil prices. However, risks of sharp volatility from sudden deterioration in geopolitical situations should be vigilantly monitored.
With moving averages diverging upward, the short-term objective trend is clearly established as bullish. It is expected that crude oil prices will continue to rise and hit new highs.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
buy@65.5.0-66.0
TP:67.5-68.0
US OIL Bullish Move is coming?Hi Traders.
MTF Correctional Structure but it seems that this is
not a correction to go further down instead a correction to reverse.
We see a clear Inverse HnS Pattern
Breakout and correction is forming
Wait for the current correction to finish to confirm
this bullish setup
WTI Oil H4 | Potential bullish bounceWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 66.44 which is a pullback support.
Stop loss is at 64.25 which is a level that lies underneath an overlap support and the 50% Fibonacci retracement.
Take profit is at 69.11 which is a pullback resistance.
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Crude oil is expected to break through the $68.00 mark
💡Message Strategy
WTI crude oil futures prices soared during the European session on Wednesday (June 11), continuing Tuesday's gains, but failed to reach the important level of $66.45. Currently, bulls are focusing on whether they can clearly break through the technical resistance level to confirm the continued upward trend.
OPEC+ plans to increase production by 411,000 barrels per day in July, the fourth consecutive month of increase. Its impact on global supply may be weakened. Domestic demand in Saudi Arabia and other OPEC+ members may increase in the summer, helping to absorb the additional supply. According to Capital Economics, this internal consumption may support oil prices in the short term by offsetting the increase in supply.
China-US trade truce boosts risk appetite, but demand questions remain
WTI hit a seven-week high, reflecting the recovery of market risk appetite after the China-US trade negotiations. The two sides have agreed on a framework for restarting the trade truce and easing rare earth export restrictions, boosting market sentiment.
📊Technical aspects
Oil price forecast: Bullish bias strengthens above key resistance level
If the bears regain control, $64.50 will be seen as the near-term support. A successful break above $66.75 could open up space for the next major upside target near $67.50.
Supported by geopolitical tensions, easing trade concerns and stable demand fundamentals, the outlook for crude oil remains bullish, provided that WTI can close above $66.75.
If a breakout is confirmed, it may attract new buying and push prices towards the $68 mark. However, if the current gains cannot be maintained, oil prices may fall back to the $64.50 range.
💰 Strategy Package
Long Position: 64.50-65.00,65.00-65.30