Oil up or downAll says that must be dump good NFP data to dollar TA is 50/50 for me.But price still going up,now is very risky enter to market.Best wait monday.Share you opinion.
WTI trade ideas
WTICOUSD - BULLISH
Typical Wycoff
Break Re-Test
Slight Tap of FV Gap
Bullish Engulfing Candle
Usually signifies "In a Hurry".
Best Analysis i think was Perplexity Ai
Bullish Case for Oil
US Jobs Data: Stronger-than-expected US jobs numbers have pushed prices higher, with algos covering short bets
Geopolitical Risks: Ongoing tensions in Ukraine and Iran, plus Canadian wildfires, are supporting prices due to potential supply disruptions
OPEC+ Supply Increase Smaller Than Feared: OPEC+ is raising output, but by less than the market expected, which has helped limit downside pressure and even sparked price gains
Recent Price Action: Oil has rebounded to around $64–$65 (Brent) after several weeks of losses, suggesting some stabilization and potential for a technical bounce
Deep Ai
Probability of bullish continuation: 75/100
Technical s indicate a relatively high likelihood that the current bullish trend will continue toward the identified resistance zone above, provided no major fundamental shifts occur. However, caution remains due to potential pullbacks or consolidation near resistance levels.
This is the safest place to enter usually
Cost average in not stops they suck !
imho
Lets See : )
.
USOIL: Strong Bullish Sentiment! Long!
My dear friends,
Today we will analyse USOIL together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 64.706 will confirm the new direction upwards with the target being the next key level of 65.295. and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
OIL PRICE MAY RISE!!I anticipate oil price to rise after the resistance level of $64 got broken. technically i expect a rise in price further to $64
Therefore, a buy opportunity is envisaged
USOIL:The strategy of going short
USOIL: Same thinking, still maintain the short strategy. Friends with short orders at 63.3-63.5 continue to wait, can increase short orders near 63.8, the target is 62.5-62.3 unchanged
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Crude Oil (WTI) Daily Chart AnalysisCrude Oil (WTI) Daily Chart Analysis
Pattern Formed:
A Symmetrical Triangle formation is clearly visible.
Context:
The prior trend leading into the triangle was bearish.
Typically, in technical analysis, a triangle after a downtrend is considered a continuation pattern — meaning there is a higher probability that the price will break downward.
The triangle appears to have completed its 5-wave internal structure (ABCDE), a classical behavior of contracting triangles.
Breakout Expectation:
After a completed 5-wave triangle, a breakout is imminent.
Directional Bias: Since this triangle is forming after a strong downtrend, the higher probability is for a bearish breakout.
However, triangles can break either way, and when they do, the move is often impulsive.
Potential Scenarios:
Bearish Breakdown (High Probability):
A downside break would likely trigger a sharp fall.
Immediate support levels to watch post-breakout:
$60.00
$56.50
$46.75 (measured move — target derived from the height of the triangle projected downward)
Bullish Breakout (Low Probability but Possible):
In case of an upside breakout, resistance zones are:
$72.00 (supply zone + previous highs)
$78.00
Upside could see sharp momentum but is less likely unless there is strong fundamental support (e.g., geopolitical tensions, production cuts).
Volume Confirmation:
Volume typically contracts during triangle formation. Post-breakout, volume expansion is essential to confirm the breakout direction.
Indicators (Suggested Additional Confirmations):
Watch for RSI — if divergence forms, could signal weakness.
Monitor MACD for crossovers at breakout zones.
Summary
Triangle Completed: 5-wave structure inside the triangle — ready for breakout.
Bias: Bearish continuation pattern — higher probability of a downward move.
Trigger: Breakout of the triangle boundary with volume expansion will confirm the next move.
Targets (Post-Breakout):
Downside: $60 ➔ $56.5 ➔ $46.75
Upside (less probable): $72 ➔ $78
⚠️ Disclaimer:
This analysis is based purely on technical chart patterns and historical price action. Trading and investing involve substantial risk. Always perform your own due diligence or consult a financial advisor.
Crude Oil is Building Momentum for a BreakoutDuring the U.S. trading session on Thursday, international oil prices fluctuated higher, with U.S. crude oil currently trading near $63.55 per barrel. Despite the intraday volatility, international oil prices remain under downward pressure, primarily influenced by two key factors.
First, data from the U.S. Energy Information Administration (EIA) showed that as of last week, U.S. gasoline and distillate inventories increased more than expected, signaling weakening refined product demand in the world’s largest economy. This development has sparked investor concerns about whether the U.S. summer driving season can sustain demand growth, leading to a ~1% decline in oil prices on Wednesday.
The current crude oil market is caught between supply and demand headwinds:
Supply-side pressures: OPEC+’s production increase plan and Saudi Arabia’s strategic price cuts have created short-term bearish sentiment.
Demand-side uncertainties: The unexpected rise in U.S. refined product inventories has amplified market doubts about the vigor of global consumption recovery.
Additionally, the escalation of international trade frictions has further dampened risk appetite, exacerbating downward pressure on prices.
In the short term, oil prices are likely to continue oscillating within the $60–$65 per barrel range. Market participants should closely monitor U.S. macroeconomic data and OPEC+’s compliance with its production policies for directional cues.
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@61.5-62.0
TP:63.0-63.5
US OIL SHORT POSITION Oil price is currently in a Bearish trend, especially after it got rejected thrice from the supply zone, Also left a Gap over the weekend close and open which is another confluence for me taking the short is.
So let's see how it Goes.💪
US OIL LONG POSITION RESULT Oil had now formed a triple bottom pattern, and also holding the minor Support Trendline indicating signs for bullisd potential.
Price action did move in our direction, just couldn't break above the orange resistance zone, and then reversed and went straight down to our Sl (my bad though, Should've moved sl to entry price to make it safe).
Better Luck and TA next time.
USOIL Will Grow! Buy!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 62.890.
Taking into consideration the structure & trend analysis, I believe that the market will reach 68.865 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
US OIL LONG RESULT Oil price broke out of the falling expanding wedge, with some good volume in Confluence woth the double pattern (as at entry) and also holding the minor support Trendline I decided to open a long trade to the next supply zone.
Price did move in our direction, just dumped down to grab liquidity at the support again hitting our SL.
Was a B" setup so we'll move on.
USOIL:tay long
USOIL: The short-term objective trend is oscillating. In terms of momentum, the MACD indicator is above the zero axis, showing a top divergence, indicating that the upward momentum is weakening. In the first two trading days, the overall rhythm trend was alternating between primary and secondary, and it is expected that the intraday crude oil trend will still maintain the probability of shock upward, so maintain the long idea.
Trading can wait for the retracement after the long.
Trading Strategy:
BUY@62.8-63
TP: 63.8-64
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Maintain high-level volatility.In early trading on Wednesday in the Asian market, international oil prices fell slightly, mainly affected by the easing of supply-demand balance and the drag on the global economic outlook from trade concerns. Brent crude oil futures fell 0.1% to $65.58 per barrel, while U.S. WTI crude oil fell 0.1% to $63.32. This decline came after both rose about 2% in the previous trading day, hitting two-week highs. Tuesday's rally was driven by two main factors: first, large-scale wildfires in Canada since early May, which caused thousands of people to evacuate and disrupted part of crude oil production; second, markets expected Asian countries to reject the nuclear agreement draft proposed by the United States, thereby maintaining sanctions on the major oil-producing country and reducing crude oil supply. The current international oil market is in a game of multiple forces. On the one hand, geopolitical factors and natural disasters have increased short-term supply risks; on the other hand, OPEC+ production expansion and trade concerns have constrained the sustainability of price rebounds. In the absence of clear policy directions and confirmation from inventory data, oil prices may remain volatile at high levels.
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: epeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
buy@62.0-62.5
TP:63.5-64.0
Crude oil is about to end its shock outbreak
💡Message Strategy
International oil prices rose in early Asian trading on Tuesday, mainly due to rising risks of supply disruptions. Iran is expected to reject a nuclear deal proposal from the United States, which would have paved the way for easing sanctions on Iranian oil exports.
In addition, wildfires in Alberta, Canada, also caused some oil and gas production to be suspended, exacerbating market concerns about supply.
Brent crude rose 0.86% to $65.20 a barrel; U.S. West Texas Intermediate rose 0.75% to $63.00. This continued the previous trading day's nearly 3% increase.
Geopolitical tensions also added to market concerns. The ongoing conflict between Russia and Ukraine has increased uncertainty in the global supply chain and geopolitical risk premiums.
Oil prices were also supported by OPEC+'s slowing production increase. The Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided at a meeting last week to increase production by only a small 411,000 barrels per day in July, the same as in the previous two months and lower than the large increase some market participants had expected.
International market conditions have a great impact on crude oil trends. Currently, various reasons have indicated an upward trend in crude oil, paving the way for the upcoming rising market.
📊Technical aspects
Technical analysis shows that the daily chart of US crude oil (WTI) is strong and still has room for upward movement in the short term. After the current WTI crude oil price stabilized at the integer mark of $61, it closed positively for several consecutive days, showing an obvious upward channel pattern.
In terms of technical indicators, the MACD fast and slow lines have formed a golden cross, and the kinetic energy column continues to expand, indicating that the bulls are strengthening; the RSI is near 65, not entering the overbought range, but showing good upward momentum.
In addition, the 5-day and 10-day moving averages continue to diverge upward after the golden cross, supporting the oil price trend. If the oil price can effectively break through the resistance level of $63.50, it is expected to challenge the previous high of $65.80;
💰 Strategy Package
Long Position: 62.00-62.50
Back to back?!Double top with divergency. This could have a long target 1:6 if you have testicular fortitude to ride all the way down , as my mentor once said. You can manage this in you own way, I'm playing this in a more humble way.
Nice triangle setup on the crude in the 4th wave position triangle in the 4th wave position of C leg lower .... now all we need to do is break
Crude Oil (WTI) - Cup and Handle PatternCrude Oil (WTI) - Cup and Handle Pattern Breakdown
Chart Overview:
The chart displays a clearly formed Cup and Handle Pattern — a classic technical formation often followed by aggressive moves.
Cup Formation: Smooth rounding bottom showing accumulation phase, with resistance near $66.5.
Handle Formation: Slight pullback consolidating below resistance, typical before a breakdown.
Technical Interpretation:
The Cup and Handle pattern is typically considered a bullish continuation pattern. However, in this case, the price has failed to break above the resistance, suggesting a bearish reversal.
Bearish Breakdown Expected: Instead of breaking out to the upside, price action suggests a breakdown — making the Cup and Handle act as a reversal pattern.
Targets:
First Target:
56.50 USD
This level aligns with the measured move technique where the depth of the cup is projected downward from the breakdown point.
Second Target:
46.75 USD
This target is based on further extension, likely a Fibonacci projection or the full cup depth extension in bearish scenario.
Key Observations:
Pattern Completion: The handle part has completed and price is hesitating near the neckline.
Volume Confirmation: (Assumed from typical setups) — Breakdown from the handle zone usually needs a surge in volume to confirm the bearish move.
Trend Structure: Lower highs and lower lows forming after the peak of the handle indicate growing selling pressure.
Measured Move Logic:
The height of the Cup (from the bottom to resistance) is projected downward.
Extension projections justify the second target of 46.75 USD.
Risk Factors:
Watch for any false breakdown — if price reverses and reclaims above the handle resistance (~66.5 USD), the pattern would be invalidated.
Macroeconomic news (OPEC meetings, inventory data, geopolitical tensions) can impact Crude Oil prices unpredictably.
Summary:
Pattern: Cup & Handle (Bearish Reversal)
Breakdown Expectation: Strong, impulsive.
Immediate Target: 56.50 USD
Extended Target: 46.75 USD
Invalidation: Close above 66.50 USD.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Trading in crude oil or any commodity involves significant risk and you should consult your financial advisor before making trading decisions.
Crude oil surges stronglyInternational oil prices rose in early Asian trading on Tuesday, primarily driven by heightened risks of supply disruptions. Iran is expected to reject a U.S.-proposed nuclear deal proposal that could have paved the way for easing sanctions on Iranian oil exports. Additionally, wildfires in Alberta, Canada, have suspended part of oil and gas production, exacerbating market concerns about supply. Brent crude rose 0.85% to $65.18 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 0.75% to $62.97, extending a nearly 3% rally from the previous session.
The current oil price surge reflects the effect (superimposition) of multiple factors, including geopolitical uncertainties and sudden natural disasters. Notably, the market’s reaction to the OPEC+ production increase strategy highlights its high sensitivity to supply-side control. The Iran and Canada incidents have further underscored the short-term vulnerability of the global oil market. If U.S.-Iran negotiations completely collapse or wildfires continue to spread, oil prices may sustain their upward momentum.
Technically, the K-line chart has repeatedly formed bullish candlesticks with long lower shadows and small real bodies, indicating strong buying support at lower levels. Short-term intraday crude oil is expected to retain further upside potential.
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@62.0-62.5
TP:63.5-64.0
XTIUSD Bearish FVG SELLING STRONG🔍 TVC:USOIL Analysis – Bearish FVG Fill in Play
📉 Entry Triggered on Breakdown at 62.00
🎯 Technical Target:
60.00 – 1H Demand Zone in Focus
🕐 Time Frame: 1 Hour
📊 Expecting potential reaction at the 60.00 level as price taps into demand. Watching for bullish confirmations or continuation lower.
💬 Like, Follow & Comment
📈 Join us for real-time updates and sharp entries!
— Livia 😜
There remains a risk of further downside for crude oil prices.During Monday's US trading session, international oil prices rebounded strongly. The main US crude contract surged 2.5% at one point to $62.31 per barrel, while the August Brent crude futures also rose more than 2% to $64.12 per barrel. Two key drivers underlie this rally: OPEC+'s maintenance of a "modest production increase" strategy at its weekend meeting, and Ukraine's surprise attack on a Russian military airfield. The crude oil market is currently in a dual game of "policy and geopolitics": OPEC+ seeks to balance the market with "modest production increases," while Ukraine's raid serves as a reminder that black swans are never far away.
Short-term Outlook:
US oil prices may remain range-bound between $60-$64 per barrel.
However, if the Russia-Ukraine conflict deteriorates or internal rifts within OPEC+ deepen, a new round of violent volatility (sharp rallies or crashes) cannot be ruled out.
Technical Analysis:
Early trading saw oil prices consolidate in a narrow range near $61, reflecting a secondary rhythm.
The MACD indicator is bearishly diverging below the zero axis with strong bearish momentum, suggesting a risk of continued downward movement in crude oil prices during the session.
Trading Strategy:
sell@63.5-64.0
TP:61.6-62.0
WTI PRICE SURGED HIGH!! Price of oil ticked high today!! I anticipate bullish price action to develop away from the current market price. I expect price to trade all the way up to $67 per barrel.
Technically, price holds firm at $62 level after it found support at $56.82 level
