usoilusoil has made a good flag n pool pattren may be we can see good breakout in usoil if 15 min candle is given closing above the resistance which i have drawn on chart . the target foe this will be 62 .
WTI trade ideas
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!
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Oil Prices Up as Trump Delays EU Tariffs (Temporary Relief?) The global oil market, a sensitive barometer of economic health and geopolitical stability, registered a slight uptick in prices following the news that the Trump administration would extend the deadline for imposing new tariffs on a range of European Union goods. This minor rally, however, comes against a backdrop of a broader downtrend that has characterized the oil markets since mid-January. The persistent downward pressure has been largely attributed to the chilling effect of existing and threatened tariffs, not just between the US and the EU, but on a global scale, which have cast a long shadow over the outlook for global energy demand.
To understand the significance of this deadline extension and its nuanced impact on oil prices, it's crucial to first appreciate the environment in which it occurred. For several months, the dominant narrative surrounding oil has been one of demand-side anxiety. President Trump's "America First" trade policy, which has seen the imposition of sweeping tariffs on goods from various countries, most notably China, and the persistent threat of more to come against allies like the European Union, has injected a significant dose of uncertainty into the global economic system.
Tariffs, at their core, are taxes on imported goods. Their imposition typically leads to a cascade of negative economic consequences. Businesses that rely on imported components face higher input costs, which can either be absorbed, thereby reducing profit margins, or passed on to consumers in the form of higher prices. Higher consumer prices can dampen spending, a key driver of economic growth. Furthermore, the uncertainty created by an unpredictable trade policy environment often leads businesses to postpone investment decisions and hiring, further stagnating economic activity.
This economic slowdown, or even the fear of it, directly translates into weaker demand for oil. Manufacturing activity, a significant consumer of energy, tends to decline. Global shipping and freight, which rely heavily on bunker fuel and diesel, slow down as trade volumes shrink. Consumer demand for gasoline and jet fuel can also wane if economic hardship leads to reduced travel and leisure activities. The retaliatory measures often taken by targeted nations – imposing their own tariffs on US goods – only serve to exacerbate this negative feedback loop, creating a tit-for-tat escalation that further erodes business confidence and global trade flows.
It is this overarching concern about a tariff-induced global economic slowdown that has been weighing heavily on oil prices since the middle of January. Market participants, from large institutional investors to commodity traders, have been pricing in the potential for significantly reduced oil consumption in the months and years ahead if these trade disputes were to escalate or become entrenched. Every new tariff announcement or threat has typically sent ripples of concern through the market, often pushing oil prices lower.
Against this gloomy backdrop, the news of an extension to the tariff deadline on EU goods, while not a resolution, acts as a momentary pause button on further immediate escalation. It offers a temporary reprieve, a brief window where the worst-case scenario of new, damaging tariffs being instantly applied is averted. This is likely why oil prices "edged higher."
The market's reaction can be interpreted in several ways. Firstly, it reflects a slight easing of immediate downside risk to the European economy. The EU is a massive economic bloc and a significant consumer of oil. The imposition of new US tariffs on key European goods, such as automobiles or luxury products, would undoubtedly have a detrimental impact on European industries, potentially tipping already fragile economies closer to recession. An extension of the deadline pushes this immediate threat further down the road, offering a sliver of hope that a negotiated solution might yet be found, or at least that the economic pain is deferred. This deferral, however slight, can lead to a marginal upward revision of short-term oil demand expectations from the region.
Secondly, the extension can be seen as a signal, however faint, that dialogue and negotiation are still possible. In the fraught world of international trade diplomacy, any indication that parties are willing to continue talking rather than immediately resorting to punitive measures can be interpreted positively by markets. It reduces, fractionally, the "uncertainty premium" that has been built into asset prices, including oil.
However, it is crucial to temper any optimism. The fact that oil only "edged higher" rather than surged indicates the market's deep-seated caution. An extension is not a cancellation. The underlying threat of tariffs remains very much on the table. The fundamental disagreements that led to the tariff threats in the first place have not been resolved. Therefore, while the immediate pressure point has been alleviated, the chronic condition of trade uncertainty persists.
The oil market is acutely aware that this extension could simply be a tactical move, buying time for political reasons without altering the fundamental trajectory of trade policy. If, at the end of the extended period, no agreement is reached and tariffs are indeed imposed, the negative impact on oil demand expectations would likely resurface with renewed force. The market is therefore likely to adopt a "wait and see" approach, with traders hesitant to make significant bullish bets based solely on a deadline postponement.
Furthermore, the US-EU trade dynamic is just one piece of a larger global puzzle. The ongoing trade tensions with China, for instance, continue to be a major drag on global growth projections and, by extension, oil demand. Progress, or lack thereof, on that front often has a more substantial impact on oil prices than developments in the US-EU relationship, given the sheer scale of US-China trade and China's role as the world's largest oil importer.
The slight rise in oil prices also needs to be seen in the context of other market-moving factors. Supply-side dynamics, such as OPEC+ production decisions, geopolitical events in major oil-producing regions like the Middle East, and fluctuations in US shale output, constantly interact with demand-side sentiment. A deadline extension on EU tariffs might provide a small boost, but it can be easily overshadowed by a surprise inventory build, an unexpected increase in OPEC production, or signs of weakening economic data from other major economies.
In conclusion, the decision by the Trump administration to extend the tariff deadline on EU goods offered a moment of temporary relief to an oil market that has been under duress from trade war anxieties. This relief manifested as a marginal increase in oil prices, reflecting a slight reduction in immediate perceived risk to global economic activity and oil demand, particularly from Europe. However, this should not be mistaken for a fundamental shift in market sentiment or a resolution to the underlying trade disputes. The threat of tariffs remains, and the broader concerns about a global economic slowdown fueled by protectionist policies continue to loom large. The oil market's cautious reaction underscores the prevailing uncertainty, suggesting that while this extension provides a brief breathing space, the path ahead for oil prices will continue to be heavily influenced by the unpredictable currents of international trade policy.
USOIL Today's Trading Strategy:
Recent market signs indicate that oil prices may decline. From a supply perspective, some OPEC+ producers have relaxed production cuts, increasing crude oil supply in the market. Additionally, U.S. crude oil inventories increased by 2.4 million barrels last week, and output further rose, making the oversupply of crude oil more evident. On the demand side, under the influence of U.S. tariff policies, global economic growth has slowed, and market expectations for crude oil demand are relatively pessimistic. Although geopolitical tensions in the Middle East have eased, reducing the risk of supply disruptions, this has also caused oil prices to lose a strong supporting factor.
USOIL Today's Trading Strategy:
USOIL SELL@62.0~62.5
SL:63
TP:61~60
USOIL:Long at 61.3-61.5
Last week's long target has been completed, the current decline is mainly due to concerns that global supply growth may exceed demand growth, from the technical trend, the objective trend of the middle line downward, short term long and short frequently alternate, pay attention to the support point of 60.3-60.5 within the day. Considering that it has been around this point of shock and not broken, short - term trading to do more.
So the trading strategy :BUY@61.3-61.5 TP@62.5-62.7
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USOIL:Go long first
Crude oil short-term trend to maintain weak shock upward rhythm, K line closed long lower shadow line, there are signs of rebound. Short - term moving average system gradually long arrangement, relying on oil prices, short - term objective trend direction to upward. It is expected that the intraday trend of crude oil will continue to extend upward, hitting around 62.8-63
Recommended Trading Strategies:
61-61.2 range to be long, short-term target to see 62, break through the target to see 62.8-63
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WTI Crude Oil 4H Chart – Bullish Setup from Demand Zone📈 Current Price: $61.74
🔵 Key Zones & Levels
🔹 Demand Zone (Buy Area):
🟦 $59.48 – $61.39
→ Price expected to bounce here
→ 🔄 Potential reversal zone
🔹 Entry Point:
🎯 $61.39
→ Ideal level to enter LONG
→ Just above demand zone
🔹 Stop Loss:
🛑 Below $59.48
→ Exit if price drops here
→ Protects capital
🔹 Target Point:
🚀 $67.00
→ Profit-taking zone
→ Strong resistance zone nearby:
* 66.63
* 66.75
* 67.60
📊 Indicators
📍 EMA (70): 🔴 61.40
→ Price trading above = bullish signal
→ EMA acting as support
📏 Trendline Channel:
🔼 Higher highs & higher lows
→ Supports uptrend continuation
📌 Trade Plan Summary
* Bias: 📈 Bullish
* Buy: At 61.39
* Stop: Below 59.48 🛑
* Target: 67.00 🎯
* Risk-Reward: ✔️ Favorable (~1:3)
🔍 What to Watch
* ✅ Bullish candles in demand zone
* 🔁 Retest of EMA or lower channel
* ❌ Avoid if it breaks below $59.48
WTIOIL short term buy opportunity flag formation.basically there is a flag formation in short term and with the brake of the little triange it should go up, if downbrake shown as invalidation level should be stop loss for this trade.
WTI Oil H1 | Falling toward an overlap supportWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 61.31 which is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 59.95 which is a level that lies underneath a multi-swing-low support.
Take profit is at 62.54 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
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USOIL Today's Trading Strategy:
Recently, oil prices have generally shown a narrow oscillating trend. In terms of influencing factors, on the one hand, uncertainties in global economic growth have made the outlook for oil demand unclear, putting some downward pressure on oil prices. For example, the slowdown in economic growth in some countries and insufficient factory capacity have reduced demand for crude oil. On the other hand, the production policies of the Organization of Petroleum Exporting Countries (OPEC) and its allies are also influencing oil prices. If they plan to increase production, the supply of crude oil in the market will rise, and prices may fall.
USOIL Today's Trading Strategy:
USOIL SELL@62.0~62.5
SL:63
TP:61~60
Bearish reversal?WTI Oil (WTI/USD) is rising towards the pivot and could reverse to the 1st support, which is a pullback support.
Pivot: 65.18
1st Support: 55.69
1st Resistance: 71.43
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US-Oil will further push upside After Testing TrendlineHello Traders
In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET
today XTIUSD analysis 👆
🟢This Chart includes_ (XTIUSD market update)
🟢What is The Next Opportunity on XTIUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USOIL : What will happen to the price of oil?Hello friends
As you can see, we had support in the past, which has now become a strong resistance for the price after it was broken.
Now we need to see if the price will manage to break it at this moment when it is close to its key and sensitive resistance.
*Trade safely with us*
Weekly Target next move Double Top Resistance - Oversimplified
Issue: Labeling this zone a "Double Top Resistance" without confirmation is premature.
Disruption: A double top pattern is only valid after a neckline break, which hasn't occurred.
Alternative View: This area could also be a bullish continuation zone if price consolidates and breaks out above $63 with strong volume
Forecast of the market trend at the opening on Monday”Oil prices remained under pressure this week, experiencing a notable decline due to multiple factors. As of Friday's Asian morning session, Brent crude futures fell 37 cents to $64.07 per barrel, while U.S. WTI crude futures dropped 39 cents to $60.81 per barrel. Brent crude fell 2% for the week, while WTI declined 2.7%.
Key Drivers of Oil Price Weakness
Stronger U.S. Dollar
The U.S. House of Representatives passed President Donald Trump’s tax-cut and fiscal spending bill, boosting the U.S. dollar index against a basket of currencies.
As oil is dollar-denominated, a stronger dollar typically reduces purchasing power for non-USD buyers, suppressing oil prices.
Supply-Demand Sensitivity and Market Sentiment
The combination of dollar strength and expectations of OPEC+ production increases has intensified bearish sentiment in the oil market.
While demand is gradually recovering, significant upward pressure on supply—including potential output hikes from OPEC+ and rising U.S. shale production—has created near-term volatility.
Technical Outlook and Trading Strategy
Short-Term Trend: Oil prices are likely to remain in a sideways-to-downward oscillation due to supply-demand imbalances.
Key Levels:
Resistance: $63.0–$63.5 per barrel (short-term overhead resistance).
Support: $60.5–$60.0 per barrel (critical near-term support zone).
Trading Approach:
Consider rebound shorting as the primary strategy, with retracement buying as a secondary approach.
Use rallies toward $63.0–$63.5 to initiate short positions, targeting support at $60.5–$60.0, with stop-losses above $64.0.
Note: Monitor OPEC+ policy updates and U.S. inventory data for potential shifts in market sentiment. Volatility may rise ahead of key economic indicators.
WTI - Bullish Momentum Targets $65US Light Crude has demonstrated remarkable resilience after experiencing a significant correction from March highs around $72 down to the $55 support zone in late April. The commodity has since staged an impressive recovery, climbing steadily from those April lows to current levels near $62, effectively reclaiming more than half of the previous decline. This recovery pattern suggests strong underlying demand and buying interest at lower levels, with crude oil successfully breaking above key resistance areas during its ascent. The current price action shows the market consolidating near recent highs while maintaining an upward bias, with the technical structure indicating further upside potential toward the resistance zone highlighted around $65. Given the strong bounce from support, sustained momentum, and the overall recovery trajectory, the higher probability scenario favors a continuation of the bullish move targeting the upper resistance band.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USOIL: Market of Sellers
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell USOIL.
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The outlook for the crude oil market next weekOutlook for Next Week's Crude Oil Market
Next week, the crude oil market will (most likely) remain in a range-bound pattern. If OPEC+ lacks clear and forceful measures regarding the implementation of production cuts and future supply plans, concerns about supply surpluses will continue to exert downward pressure on oil prices. Additionally, if global economic data does not improve significantly, the demand side will struggle to provide sufficient support for prices.
However, tensions in the Middle East persist, with relations between Israel and Iran remaining highly strained. If conflicts escalate—for example, if Iranian nuclear facilities are attacked—global crude oil daily production capacity could be reduced by at least 1 million barrels. This risk of supply disruptions would instantly drive up oil prices.
As a result, investors next week need to closely monitor OPEC+ dynamics, Middle East geopolitical developments, and global economic data to seize investment opportunities in the crude oil market.
The outlook for the crude oil market next week, I hope it will be helpful to you
USOIL BUY@61.0~61.5
SL:60
TP:62.5~63
The outlook for the crude oil market next week, I hope it will Outlook for Next Week's Oil Price: Entering a Volatile Stalemate
Next week's crude oil market is likely to enter a consolidation phase, driven by two conflicting forces:
. Geopolitical Uncertainties: A Double-Edged Sword
- U.S.-Iran Negotiations: The fifth round of U.S.-Iran talks is planned, but significant disagreements remain over nuclear sanctions and regional influence. A breakdown in negotiations could reignite tensions in the Strait of Hormuz (through which 20% of global oil flows), potentially disrupting 1.5–2 million bpd of Iranian supply and triggering short-term price surges.
- Russia-Ukraine Ceasefire Prospects: Unclear progress in peace talks leaves risks of renewed disruptions to Black Sea exports (critical for Russian crude and Ukrainian grain shipments), adding volatility to an already tense market.
- The outlook for the crude oil market next week, I hope it will be helpful to you
USOIL BUY@61.0~61.5
SL:60
TP:62.5~63
USOIL: Bulls Are Winning! Long!
My dear friends,
Today we will analyse USOIL together☺️
The market is at an inflection zone and price has now reached an area around 61.687 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 62.377.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
The outlook for the crude oil market next weekThis year, the crude oil market has been facing a tough time, with demand remaining sluggish. The growth in crude oil consumption has been slow, and inventories have been continuously building up. Institutions such as JPMorgan Chase have pointed out that the growth in global crude oil demand is much worse than expected. Moreover, OPEC+ is set to raise the crude oil supply ceiling from June, and has been increasing production in the previous few months, which has led to a further increase in the amount of crude oil in the market. Coupled with the recovery in shale oil production in non - OPEC+ countries such as the United States, and the expansion of production capacity in Norway, Brazil, and other countries, the supply side has exerted great pressure on oil prices. From the demand side, the slowdown in global economic growth has made people more cautious about industrial production and energy consumption. In addition, the energy structure is undergoing a transformation, with the share of oil in energy demand falling below 30% for the first time. The increasing number of electric vehicles and the growing use of renewable energy in the industrial sector have also contributed to the weak growth in crude oil demand.
The outlook for the crude oil market next week, I hope it will be helpful to you
USOIL SELL@62.0~62.5
SL:63.5
TP:61~60
In - depth: USOIL 1 - hr Chart - Significance of 60.00 Support In the USOIL 1 - hour chart, 60.00 acts as a strong support 💪.
Support Validation
The price twice failed to break 60.00 and rebounded 📈. Psychologically, investors see 60.00 as a key level 🔑. Approaching it, buy orders pour in as they think crude oil is undervalued 📉. Technically, it's on a support line from prior lows, and repeated tests have fortified its support 🛡️.
⚡️⚡️⚡️ USOil ⚡️⚡️⚡️
🚀 Buy@ 60.00 - 60.60
🚀 TP 62.50 - 62.80
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
