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OILUSD Range Between 60–64.26 – Will Support Hold or Break?WTI Crude has been in a sideways range after the sharp drop in early April. Price recently tested resistance at 64.260 but failed to break higher, pulling back into the 60.000 support zone. This level has held multiple times, forming a key pivot. Support at: 60.000 🔽, 55.931 🔽 Resistance at: 64.260 🔼, 67.000 🔼, 71.101 🔼 🔎 Bias: 🔼 Bullish: A strong rejection from the 60.000 zone followed by a breakout above 64.260. 🔽 Bearish: A daily/12H close below 60.000 opens the path to retest 55.931, and potentially lower. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
EASYMARKETS:OILUSD
by SPOT_FX
USOIL next week trend analysis, hope it helps youGeopolitical risks have eased: Recent signs of de-escalation in the Middle East have emerged, with the United States submitting a ceasefire proposal to Hamas. Although not immediately accepted, market concerns about conflict escalation have diminished. Progress has also been made in U.S.-Iran nuclear negotiations, with the Iranian Foreign Ministry stating that significant breakthroughs have been achieved. If an agreement is reached in the future, Iran's crude oil exports could increase by 500,000 to 1 million barrels per day, further impacting the global crude oil supply pattern and increasing supply pressures. Other supply-increasing factors: Oil field production disruptions caused by wildfires in Alberta, Canada, have been partially restored, reducing supply disturbance factors. In addition, U.S. crude oil output has stabilized at around 13.5 million barrels per day, and institutions predict that U.S. crude oil production will increase by approximately 300,000 barrels per day in 2025, with the Permian Basin as the main growth driver, also bringing additional supply to the market. Accelerated new energy substitution: Global new energy vehicle sales increased by 25% year-on-year in 2025, combined with improvements in fuel efficiency, the elasticity of crude oil demand continues to decline. With the continuous advancement and application of new energy technologies, the substitution effect on traditional crude oil demand has become increasingly evident, which is unfavorable for long-term crude oil price increases. USOIL next week trend analysis, hope it helps you USOIL SELL@61~60.5 SL:62 TP:60~59.5
TVC:USOILShort
by AndyHopkins
USOIL Today's Trading Strategy Hope this helps you The situation in the Middle East remains highly tense, with the Iran nuclear negotiations stalled and U.S. sanctions against Iran still in place. The two sides have significant differences on key issues such as nuclear facility inspections and conditions for lifting sanctions. Israel's military threats against Iran's nuclear facilities have continued to escalate, repeatedly stating publicly that it does not rule out launching military strikes against Iran. In the event of a conflict, as a major crude oil producer, Iran's crude oil production and exports would be severely disrupted, and oil transportation routes in the Middle East could also be blocked, creating a huge gap in global crude oil supply. At the same time, the geopolitical rivalry between Russia and Western countries in the energy sector has intensified, and geopolitical conflicts could lead Russia to adjust its crude oil export strategy, further exacerbating supply tensions in the global crude oil market and driving oil prices sharply higher. Although OPEC+ accelerated production increases by 822,000 barrels per day in May-June, the remaining production capacity of major producers such as Saudi Arabia has fallen below 1.5 million barrels per day, making it difficult to effectively fill the supply gap left by Iran. Moreover, the production increase plan will be completed by October 2025, one year ahead of the original schedule, indicating concerns about long-term weak demand, which could instead undermine market confidence in supply flexibility. USOIL Today's Trading Strategy Hope this helps you USOIL BUY@60.5~61 SL:59.5 TP:62~62.5
TVC:USOILLong
by AndyHopkins
1
Crude oil rebounds after encountering 60 support 📊Technical aspects Due to concerns that global supply growth may exceed demand growth, WTI prices fell slightly and rebounded slightly after hitting the 60 mark. From the daily chart level, the medium-term trend moving average system suppresses the rebound of oil prices, and the medium-term objective trend direction is downward. After the oil price hit the low of 55.20, the frequent alternation of long and short formed, and the embryonic form of the 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 fell and touched the key support of 60, then rose slightly. The moving average system turned to divergent upward arrangement, and the short-term objective trend direction was upward. The MACD indicator fast and slow lines crossed the zero axis, and the bullish momentum was sufficient. It is expected that the trend of crude oil will continue to rise during the day, and the probability of breaking through the 63 resistance and moving upward is relatively high. 💰 Strategy Package Long Position: 60.5-61.5
TVC:USOILLong
by TheodoreSilas
1
Crude Oil (WTI) Technical Analysis – Bearish Harmonic Pattern 🛢️ Crude Oil (WTI) Technical Analysis – Bearish Harmonic Pattern Completion Pattern Overview: A Bearish Harmonic Pattern has been identified and completed. The final leg (point D) has touched the 50% Fibonacci retracement of the previous XA leg, which validates the pattern's structure. Key Observations: Price has reversed from the D point, suggesting potential downside continuation. Confirmation is observed with minor rejection wicks at the D zone. The harmonic pattern indicates trend exhaustion and a reversal probability. Price Action: The current market level is near $61.75. Price is expected to follow the projected zig-zag bearish path towards the target zone around $60, with further possible extension down to $58.90. Technical Conclusion: ✅ Harmonic pattern completed 🔻 Bearish sentiment initiated post-pattern 🎯 Target zone: $60–$58.90 Trading Insight: If price sustains below point D with weak bullish response, shorts will get initiated with tight stop-loss above D-point highs. Strong follow-through could bring a quick drop towards the projected support levels. ⚠️ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice or a trading recommendation. Please conduct your own research or consult with a financial advisor before making any trading decisions.
FX:USOILShort
by shiva560060
USOIL Today's Trading Strategy Hope this helps youAlthough OPEC+ plans to significantly increase production in July and August, the actual implementation is uncertain. Some member states may struggle to meet production targets due to their own capacity, technical, or financial limitations, which could result in the actual supply increase being lower than expected. For example, in some small and medium oil-producing countries, aging equipment and backward mining technologies make it difficult to truly implement production increase plans even if they exist. The U.S. shale oil industry is facing the dual challenges of rising equipment costs and low oil prices, with many small and medium-sized drilling companies struggling to survive and even possibly shutting down some oil wells due to continuous losses. This means that U.S. shale oil production may not only fail to grow but could also decline, thereby reducing global crude oil supply and supporting oil prices. As the "heartland" of global crude oil supply, the Middle East has always been in a tense situation. The Iranian nuclear issue remains unresolved, relations between the U.S. and Iran are highly strained, and Israel is also eyeing Iran's nuclear facilities. Once a conflict breaks out, Iran's crude oil production and exports will be hindered, and oil transportation channels in the Middle East may also be affected, leading to a significant reduction in global crude oil supply and triggering a sharp rise in oil prices. This potential geopolitical risk could(at any time) become a catalyst for driving oil prices higher. USOIL Today's Trading Strategy Hope this helps you USOIL BUY@60.5~61 SL:59.5 TP:61.5~62
TVC:USOILLong
by AndyHopkins
USOIL Today's Trading Strategy Hope this helps youThe situation in the Middle East remains tense. Although progress has been made in the Iranian nuclear negotiations, the outcome of the negotiations is full of uncertainties. There are numerous contradictions between the United States and Iran, and Israel is also eyeing Iran's nuclear facilities. Once a conflict breaks out, Iran's crude oil production and exports will be hindered, and oil transportation channels in the Middle East may also be affected, leading to a significant reduction in global crude oil supply. As a result, oil prices will likely rise rapidly. Such potential geopolitical risks provide room for imagination for the rise in crude oil prices. USOIL Today's Trading Strategy Hope this helps you USOIL BUY@60.5~61 SL:59.5 TP:61.5~62
TVC:USOILLong
by AndyHopkins
USOIL MONTHLYUSOIL,oil is on a demand floor and will continue to upswing into 70-69 dollar zone ,am holding oil buy till 70$ per barrel at 70$ zon,e buyers will face supply roof ,a critical make or break zone ,if they break the structure ,oil will fly higher and if they respect the supply roof, we sell on the fundamentals of a broken SR/RS RULE..35$ zone will be watched in a bearish scenario. Relationship Between US Oil Prices (USOIL), Bond Yields, and Interest Rates 1. General Correlation Between Oil Prices and Bond Yields Over recent years, US crude oil prices and 10-year US Treasury bond yields have shown a strong positive correlation, often moving in tandem. When oil prices rise, it typically signals stronger economic activity and higher inflation expectations, which tend to push bond yields higher as investors demand greater compensation for inflation risk and growth prospects. Conversely, falling oil prices often correlate with lower bond yields due to expectations of weaker growth and reduced inflationary pressure. 2. Oil Prices Leading Bond Yield Movements Short-term trend changes in crude oil prices often lead changes in bond yields by a few weeks, meaning oil price movements can be a useful indicator for bond market trends. For example, a sustained rise in oil prices due to supply constraints or geopolitical tensions often precedes an increase in Treasury yields. 3. Recent Divergences and Market Dynamics Recently, the usual positive relationship between oil prices and bond yields has broken down temporarily, reflecting unusual market conditions such as US fiscal uncertainties and changing safe-haven dynamics. For instance, oil prices dropped due to expectations of increased production, while US bond yields increased following economic data releases, showing a temporary divergence. 4. Impact of Oil Prices on Interest Rates and Inflation Expectations Rising oil prices contribute to higher inflation expectations, which in turn can lead to higher nominal bond yields as investors seek compensation for inflation risk. Central banks, including the Federal Reserve, may respond to sustained high oil prices and inflation by maintaining or raising interest rates, which also pushes bond yields higher. Conversely, falling oil prices can act as a disinflationary force, potentially easing pressure on interest rates and bond yields, though recent market behavior shows this effect can be muted by other factors. 5. Economic Implications Higher oil prices combined with rising bond yields and a strengthening dollar can act as a "tax" on the US economy, potentially slowing growth and increasing recession risks. The interplay of oil prices and bond yields is a key factor in assessing the economic outlook, inflation trajectory, and monetary policy stance. Summary Table Factor Relationship / Impact Oil Price ↑ Bond yields ↑ (due to inflation & growth expectations) Oil Price ↓ Bond yields ↓ (due to lower inflation & growth fears) Oil price trend leads bond yields Oil price changes precede bond yield changes by weeks Recent divergence Temporary breakdown due to fiscal concerns, policy uncertainty Inflation expectations Higher oil → higher inflation expectations → higher yields Economic growth impact Higher oil + yields = economic headwind (stagflation risk) Conclusion The relationship between US oil prices (USOIL) and bond yields is generally positive and significant, with oil price movements often leading bond yield trends. Rising oil prices tend to push bond yields and interest rates higher through increased inflation expectations and stronger economic activity signals. However, recent market conditions have caused some temporary divergences due to fiscal uncertainties and changing safe-haven demand. Monitoring oil prices is crucial for anticipating bond market movements and understanding the broader macroeconomic environment. #usoil #dollar #oil
FX:USOILShort
by Shavyfxhub
WTI Crude Oil Testing Make-or-Break Support ZoneWTI crude is grinding into a pivotal horizontal support near 6,020 after another sharp rejection near the 50-day SMA: Support at Risk: Price is pressing into the horizontal support zone formed by May’s lows (~6,020). A clean break below would shift momentum back decisively to the downside. Bearish Structure: Price remains well below both the 50- and 200-day SMAs, which are angled downward—consistent with a medium-term downtrend. Momentum Fading: MACD is negative and turning lower again, while RSI is stuck near 45 and showing no bullish divergence. Next Support: If support fails, next downside level is likely around the YTD low near 5,400. As it stands, bears remain in control unless bulls can defend this floor and drive a breakout back above the 50-day SMA. -MW
FOREXCOM:USOIL
by FOREXcom
USOIL Today's Trading Strategy Hope this helps you On the supply side, although OPEC+ has a production increase plan, there are differences in the implementation efforts among member states. Some countries may be unable to fully implement the production increase target due to their own interests or production capacity limitations. In the case of U.S. shale oil, the current oil price is hovering near $60, close to the shale oil extraction cost line. If oil prices continue to fall, the production enthusiasm of U.S. shale oil enterprises will be dampened, and some oil wells may even be shut down, leading to a reduction in supply, which in turn will support oil prices. On the demand side, the global economic recovery trend has gradually become clear. With the continuous implementation of economic stimulus policies by various countries, industrial production activities have increased, and the transportation industry has gradually recovered, leading to a steady growth trend in crude oil demand. In particular, emerging economies, with their fast economic growth rates and large demand gap for crude oil, have become an important force driving the growth of crude oil demand. Geopolitical factors remain a key variable affecting oil prices. The situation in the Middle East is tense, the progress of the Iranian nuclear negotiations is slow, and the contradictions between Israel and Iran continue to escalate. Once a conflict breaks out, it will seriously affect crude oil production and transportation in the Middle East, leading to a global crude oil supply shortage and a inevitable sharp rise in oil prices. USOIL Today's Trading Strategy Hope this helps you USOIL BUY@60.5~61 SL:59.5 TP:61.5~62
TVC:USOILLong
by AndyHopkins
WTI Consolidates and Holds Above 60Crude oil remains locked in a resilient sideways range, with strong support between $55 and $58, and a key resistance zone between $63 and $65. Momentum indicators are mixed: • Daily RSI remains neutral, allowing for both bullish and bearish scenarios. • Weekly RSI shows a clean bounce from 2020 extremes, suggesting underlying bullish potential. Scenarios to Watch Bullish Scenario: A sustained move above $63.80–$65 could pave the way for gains toward $66.90, $69.20, and $71. Bearish Scenario: A decisive break below $58 would expose downside risk toward $56.70 and $55. In the case of extreme market turbulence, further losses toward $49 remain possible—potentially setting up for a new long-term bullish positioning. - Razan Hilal, CMT
FOREXCOM:USOIL
by FOREXcom
OIL: Short Term Bullish Setup - Very RiskyOIL: Short Term Bullish Setup - Very Risky The trading setup we have for OIL carries a high risk as it has been moving against news reports on war or OPEC topics for days. However, OIL faced a strong support zone near 60, thus increasing the chances of further growth. Perhaps the situation in GAZA could keep the price above 60 and it could rise slowly as shown in the chart. The main target zones are near 62.6 and 63.8. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
TVC:USOILLong
by KlejdiCuni
3