USOILSPOT trade ideas
USOILThis chart for WTI Crude Oil presents a bullish continuation setup following a rebound from the support level around 61.50. After breaking above a minor consolidation range, price is now retracing slightly before potentially continuing its upward movement.
The chart highlights a target at63.95, just below the upper resistance zone, which previously acted as a strong supply area.
Technical Breakdown:
- Support Level: Firm bounce near 61.50, confirming demand.
- Minor Breakout: Price broke above local structure and retesting for continuation.
- Resistance Zone: Located near64.00, target aligns with historical supply.
- Next Target: 63.95
Volume spikes during the bounce suggest strong buyer interest. A clean break and hold above 63.00 could open the path toward the $63.95 target. Traders may look for bullish price action confirmation for entry.
USOIL – Wedge Whisper Turned Rejection Roar
Crude just whispered its next move — and it’s not looking bullish.
After a clean rising wedge breakdown, price is now retesting the underside of the structure, right inside a high-volume supply zone (62.75 - 64.50). This zone screams rejection, especially with that wick-heavy rejection candle teasing a deeper move.
This setup aligns with classic market psychology — buyers trapped at the top, smart money looking for that short squeeze to the downside.
Short Bias Activated
Sell Zone: 62.75 - 64.50
Target: 54.25
Invalidation: Break and close above 64.60
If this plays out, it’s a straight-up slide to the next major demand zone. Eyes on volume and rejection confirmations!
Major Crash on USOIL ???US OIL in danger of collapsing
Trading plan
SL:60
TP:50/ floating
Trading set up
break of major support since 2023 at 65 level
Lower low lower high that indicates bearish momentum
price below its moving averages that shows seller pressure
price rejects 0,618 fib retracement
reasoning:
trade war, China retaliation, global demand slowdown, and oil has broken its yearly major support.
Crude Oil Hits a Ceiling — Will This Confluence Break or Bounce?Price tapped the 65.2 resistance zone (yellow line) and immediately pulled back — showing some hesitation around that confluence of resistance (horizontal + trendline).
This zone has acted as a ceiling before, and now it's back in play.
What I’m Seeing:
- Clean rejection from 65.2
- A clear rising trendline still holding below
- Bearish wicks showing early signs of hesitation
- Confluence of red and green trendlines (compression forming?)
Trade Plan (Not Financial Advice):
I’m personally watching for either:
✅ A strong break above the confluence for possible long entries
❌ Or a rejection followed by confirmation for a short setup
The breakout could be clean — or it could trap bulls/lure bears… staying patient.
Levels in Play:
- Resistance: 65.2
- Support: 63.5
Possible breakdown below the green TL could shift the short-term bias
No setup, no trade.
My edge is in waiting — not chasing.
Cheers!
pClem Trades
Crude Oil Tests Critical Support Level at $65.10FenzoFx—Crude Oil is consolidating below the $65.10 resistance, trading around $64.30. The price remains above the 50-period SMA on the 4-hour chart, confirming a bullish trend. However, the Stochastic Oscillator crossing above 20 signals overbought conditions, suggesting a potential pullback.
If oil stays below $65.10, a bearish wave could follow, targeting $62.31 and then $61.75.
Bullish Scenario: A close and stabilization above $65.10 could trigger the uptrend, targeting $67.60.
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Concerns about demand limit the upside potentialYesterday's strategic analysis noted that U.S. sanctions on Iranian oil exports limited crude oil's upside, though short-term rebounds occurred. Combined with the U.S. plan to zero out Iranian energy exports, short-term news-driven oil price gains primarily reflect supply disruptions and sentiment repair rather than fundamental improvements.
While U.S.-Iran sanctions and OPEC quota adjustments may trigger periodic tensions, intensified global trade concerns and institutional downward revisions to demand forecasts will cap the upside potential of oil price rebounds.
USOIL
sell:64.5-65
tp:63-62
I hope this strategy will be helpful to you.
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USOIL Technical Analysis! SELL!
My dear followers,
This is my opinion on the USOIL next move:
The asset is approaching an important pivot point 63.68
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 - 61.56
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.
———————————
WISH YOU ALL LUCK
USOILCrude oil currently has a low opening and low trend in the 4-hour level, and the price has fallen below the short-term moving average. The K-line began to bear the pressure and the short-term moving average maintained a weaker oscillating trend. In the hourly level trend, after the European session, the price fell below the previous terraced support band. In the short-term trend, there is a high probability that there will be room for continued adjustment.
Operational suggestions: short near 63, stop loss 63.7, or long near 61-61.1, stop loss 60.3.
Crude Oil Stabilizes Above Key Fibonacci LevelFenzoFx—Crude Oil is consolidating after testing $63.9 resistance, trading near $62.23, supported by the 50.0% Fibonacci retracement.
While the bullish trend persists above the 50-period simple moving average, the Stochastic Oscillator shows an oversold condition, hinting at a rebound.
A bullish wave may target $64.00 if Oil holds above $62.00. However, if it dips below this level, momentum could extend down to $60.77, near the 78.6% Fibonacci retracement.
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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 62.01 which is a pullback support.
Stop loss is at 58.60 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement.
Take profit is at 65.63 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
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.
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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.
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Losses can exceed deposits.
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COLLECTING CONFLUENCE across multiple timeframes is your job!!!!All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
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USOUSD (WTI crude) breakout-pullback-bearish continuation?Oil has been bearish for several months now and making mostly lower highs while the area between 67.140 and 65.280 has provided solid support. About 3 weeks ago a breakout below occurred and a pullback to the support zone is now in progress.
I will be monitoring PA closely next week to see if there is any evidence of bearish continuation. If bearish price action does resume, IMO, we could well see the round number 50.00 be achieved.
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
OIL Approaching Critical Resistance –Will Bulls Hold Control?🔍 Price has broken above the 62.94 resistance and is now approaching the 65.75 resistance. Momentum is bullish, but the next move depends on how price reacts at this level.
📌 Marked Zones:
• Resistance: 65.75 ❌ | 68.70 🔼 | 71.88 🔼
• Support: 62.94 ⚠️ | 59.17 🔽 | 55.15 🔽
📈 Scenarios:
• Bullish Bias: A clean break and retest above 65.75 could open the way to 68.70.
• Bearish Bias: Rejection from 65.75 or failure to hold above 62.94 may lead to a drop toward 59.17.
📘 This is not financial advice. Always trade your plan.
USOIL: Target Is Down! 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 64.411 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 63.338..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
Oil’s Red-Hot Crash: the Iranian Trigger? 🛢️☕ #OilisMyCoffee | 📐 #TechnicalAnalysis
The most frustrating thing is when the market follows the script, but your account is in a drawdown 😭 Corrections are sneaky 🐍 Mid-week, I leaned toward the red scenario 🔴 (see last week’s chart), but the market suddenly shifted to black ⚫️.
Now the uncertainty: How and when will the diagonal end? I see at least 3 scenarios:
🔴 Red
⚫️ Black
🔵 Blue
Waiting for a resolution ⚡️ — so I closed positions ahead of the weekend. Iran negotiations in Rome on Saturday 🤝 With moderate progress, prices might dip slightly before surging upward ahead of a reversal next week.
What will trigger a crash? No clue 🤷 But S&P500 is also eyeing a downside after consolidation 📉 Possible triggers: U.S. market events or global financial shocks dragging oil down without geopolitics.
Weekly results:
➖ -10% on the master account
➖ Oil & gas portfolio yield dropped to 103%
🔥 Sharpest weekly drop in the account’s history
⚠️ Disclaimer:
Our analysis is food for thought 💡, not trading signals 🚫📊.
Trade with a cool head ❄️, a clear plan 📝, and your own analysis 👁️🗨️.
💬 Your predictions?
🔄 Drop your analysis below ➡️: How do you assess risks and opportunities? 🎯