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WTI Crude Oil ShortWTI Crude Oil – Technical & Macro Outlook 🔻 1. Supply Zone Rejection Expected (66.50–68.00 Range) Price is currently approaching a newly established supply zone between $66.50 and $68.00, which coincides with a prior consolidation area that preceded the recent sharp sell-off. This confluence enhances the zone’s relevance, especially given its position just below the 0.5 Fibonacci retracement level (~$69.47), derived from the swing high at $75.79 to the swing low. 📌 Outlook: This region is expected to act as a high-probability rejection zone, likely attracting institutional sell-side interest. Price action within this zone should be monitored for signs of weakness or distribution. 📉 2. Downside Target: $61.50–$63.00 Demand Cluster Should the supply zone hold, downside momentum could drive WTI toward the $61.50–$63.00 demand range. This area is technically significant, supported by the following factors: Previous Change of Character (ChoCH) at $63.49, which marked the beginning of the recent bullish correction and represents a key structural pivot. Presence of stacked demand zones below $64, increasing the likelihood of a meaningful reaction from buyers. 📌 Outlook: This zone is expected to attract strong buying interest, making it a short-term profit-taking region for bears and a potential entry point for swing long setups, depending on confirmation. 🌍 Geopolitical Risk Landscape & Supply Dynamics Recent geopolitical developments continue to influence crude oil pricing dynamics: Middle East instability (e.g., Iraqi disruptions and ceasefire delays) has led to tightened supply conditions, pushing WTI above $67. Persistent uncertainty stemming from Iranian nuclear negotiations, ongoing U.S.–China tariff risks, and regional tensions contributes to a sustained risk premium. While OPEC+ is incrementally increasing production, this is offset by rising Saudi exports and weakening demand forecasts, which may result in inventory builds by late 2025. Russia’s export resilience—bolstered by strategic redirection toward Asia—suggests that any anticipated supply contraction could be less severe than expected. 🛢 WTI at $62 – Technical and Macro Implications A decline to $62 would place WTI at a major technical support level, closely watched by institutional participants. If tested, the market could react in the following ways: Bargain hunting and value-based buying may emerge, especially if macroeconomic data aligns with a recovery narrative. Heightened volatility is likely, driven by sensitivity to any shifts in global risk sentiment—particularly those tied to trade policy, OPEC+ production surprises, or further geopolitical escalations. 📌 Summary Resistance: $66.50–$68.00 (pre-breakdown supply + 0.5 Fib) Support / Target: $61.50–$63.00 (demand + structural ChoCH) Bias: Short-term bearish toward demand, with high reactivity expected near $62 Risk Factors: Elevated geopolitical uncertainty and diverging supply dynamics across OPEC+, Russia, and the U.S.
BLACKBULL:WTIShort
by ProSignalai
1
CRUDE OIL (WTI): Your Trading Plan Explained Do not forget that today we expect Crude Oil Inventories data release - it will be 10:30 am NY time. Ahead of this news, the market is testing a significant daily support cluster that is based on a rising trend line and a horizontal structure. You signal to buy will be a bullish breakout of a minor intraday horizontal resistance on a 4H. 4H candle close above 66,5 will be your confirmation. A bullish continuation will be expected to 67.6 then. I suggest waiting for the news release first and then check how the market prices in the news. If our technicals align with fundamentals, it will provide an accurate setup. Alternatively, a bearish violation of a blue support will push the prices lower. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:USOILLong
by VasilyTrader
3
USOIL Will Go Lower! Sell! Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 67.883. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 62.518 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. 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!
FX:USOILShort
by SignalProvider
1
WTI Crude Oil Analysis – July 15, 2025Following recent Middle East tensions, WTI crude oil briefly surged to around $77. However, the price quickly retraced back to its previous range and seems to have resumed its prior downward trajectory — characterized by a gradual bearish slope. 🔍 It’s important to remember that before the geopolitical events, analysts were eyeing the $52 level as a potential target. Now, with liquidity being absorbed around the $70 area, that bearish scenario remains valid. 📉 Unless oil decisively breaks above key resistance levels, the outlook continues to favor a slow, downward trend.
CFI:WTIShort
by SineHeidari
Crude Oil – Range Getting Too Long to Ignore Oil has been stuck in a prolonged range, and a breakout in either direction is becoming increasingly likely. The overall trend remains bullish, as there’s been no confirmed trend reversal yet. 📌 Key Scenarios: A break to the upside would signal continuation of the bullish trend. A break below the range could confirm a potential trend reversal. 📈📉 To avoid missing the next move, this setup can be traded with Buy Stop above the range and Sell Stop below it, allowing you to catch the momentum regardless of the direction. ⚠️ Wait for confirmation on higher timeframes if you prefer less risk
BLACKBULL:WTI
by PouyanFa
Crude oil extends fallsThe crude oil market has entered a fragile and uncertain phase, with prices retreating from recent highs. While WTI crude is still holding above the critical $65 mark on a closing basis, it was below this handle at the time of writing. So, the overall tone remains cautious, with a bearish tilt expected to persist in the near term. Technical Outlook: WTI Breaks Key Support The WTI crude chart shows a breakdown of a short-term bullish trend line, and lower lows. The price failed to reclaim the 200-day moving average and found strong resistance since. Currently, it is testing support around $65.00. A daily close below this level could trigger further bearish momentum, with the next support zones seen at $64, and then the next round handles below that. $60 per barrel could be reached if the macro backdrop doesn't improve. Geopolitical Factors: Trump’s Tariff Threats Dismissed Donald Trump’s threats of 100% tariffs on countries buying Russian oil sparked initial concern but were ultimately shrugged off by the market. Traders interpreted the 50-day delay in enforcement and Trump’s historical pattern of backing off such threats as signs that immediate supply disruptions were unlikely. OPEC+ Strategy: Supply Returning to the Market OPEC+ has announced a larger-than-expected production increase of 548,000 bpd for August, with another 550,000 bpd potentially coming in September. This roll-back of earlier voluntary cuts aims to recapture market share, especially as U.S. shale production slows. However, the added supply may cap price gains, particularly as demand is expected to ease after the peak U.S. driving season. By Fawad Razaqzada, Market Analyst with FOREX.com
FOREXCOM:USOIL
by FOREXcom
WTI Crude corrective pullback testing support at 6500Trade Tensions & Inflation Impact on WTI Crude Tariff Announcement: The US has imposed reciprocal tariffs on 22 nations, including major trade partners such as the EU, Japan, Canada, Mexico, and South Korea, after a failed trade agreement during the 90-day negotiation window. EU Response: The EU is preparing retaliatory tariffs unless a deal is reached before the August 1 deadline, raising the risk of a trade war escalation. Trump's Warning: The US President has threatened additional tariffs if retaliatory measures are enacted, compounding uncertainty in global trade flows. Inflation Spike: US June CPI rose to 2.7% YoY, in line with expectations. The increase was driven by higher prices of imported goods, as tariffs begin affecting consumer costs. Fed Policy Impact: Rising inflation weakens the case for a Fed rate cut in September, dampening liquidity expectations and investor risk sentiment. Conclusion for WTI Crude Trading The combination of rising inflation, tariff-driven cost pressures, and a potential stall in Fed easing is bearish for WTI crude in the near term. Additionally, intensifying trade tensions threaten global demand outlooks, which may further weigh on oil prices. Traders should expect near-term downside pressure on WTI crude unless there is a clear de-escalation in trade rhetoric or a surprise dovish pivot from the Fed. Bias: Cautiously Bearish on WTI Crude near term. Key Support and Resistance Levels Resistance Level 1: 6830 Resistance Level 2: 6940 Resistance Level 3: 7045 Support Level 1: 6500 Support Level 2: 6435 Support Level 3: 6370 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation
Hellena | Oil (4H): LONG to 50% lvl Fibo area of 70.00.Colleagues, after a long break, I think it is worth returning to oil forecasts. The situation is stabilizing a bit and now I think that the price is in a strong correction (ABC) at the moment I see wave “B”, which may reach the area of 50% Fibonacci 70 level. It is possible that wave “A” will continue to develop towards the 62-63 area, but I still hope for an upward movement. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDELong
by Hellena_Trade
15
Bullish bounce?USO/USD is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci reracement and could bounce from this level to our take profit. Entry: 64.89 Why we like it: There is an overlap support that lines up with the 61.8% Fibonacci retracement. Stop loss: 63.08 Why we like it: There is a pullback support. Take profit: 69.97 Why we like it: There is an overlap resistance. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
Crude oil rises slowly but falls quickly? 💡Message Strategy International oil prices continued to climb on Monday, but the gains were limited. Brent crude futures rose 8 cents to $70.44 a barrel, continuing Friday's 2.51% rise. U.S. WTI crude rose 5 cents to $68.50, having surged 2.82% the previous trading day. The main driving force behind this round of gains came from the market's expectation that the United States would further increase sanctions on Russia. U.S. President Trump said on Sunday that he would provide Ukraine with the Patriot air defense missile system and would make a "major statement" on the Russian issue on Monday. The contradiction between supply and demand is also intensifying. According to market surveys, Brent crude oil rose by 3% last week and WTI rose by 2.2%. The International Energy Agency (IEA) pointed out that although the market supply and demand appear to be balanced on the surface, the actual global oil supply may be tighter than expected due to the summer refining peak and rising electricity demand. 📊Technical aspects WTI crude oil continued its rebound from last week's low on the daily chart, and the current price is running at the downward support of $66.70, indicating that the short-term bullish power has increased. The MACD indicator shows a golden cross and initial volume, and the momentum column begins to turn positive, indicating that the price is expected to challenge the previous high area (69.50-70.20 US dollars). The short-term (1H) trend of crude oil is highly repetitive, and the oil price is supported at the lower edge of the wide range and rises again. The short-term objective trend direction is upward within the range. The bullish momentum is sufficient. 💰Strategy Package Long Position:65.50-66.50，SL：64.00，Target:69.00-70.00
TVC:USOILLong
by TheodoreSilas
Crude oil rebounds after a correction!International oil prices continued to climb on Monday, though the gains were limited. Brent crude futures rose 8 cents to $70.44 per barrel, extending Friday's 2.51% rally. U.S. WTI crude edged up 5 cents to $68.50 per barrel, after surging 2.82% in the previous trading session. The primary driver behind the current upward move stems from market expectations of further escalation in U.S. sanctions against Russia. U.S. President Trump stated on Sunday that he would provide Ukraine with the "Patriot" air defense missile system and deliver a "major announcement" on Russia-related issues on Monday. "Trump is dissatisfied with the Russian President's failure to advance the peace process, a stance exacerbated by Russia's continued bombing of Ukrainian cities in recent days. In the short term (1-hour timeframe), crude oil has shown high volatility, with prices finding support at the lower edge of the wide trading range and moving higher again. The objective short-term trend direction is upward within the range, with sufficient bullish momentum. However, given the high probability of recent erratic price swings, there is a greater likelihood that intraday crude oil prices will encounter resistance at the upper edge of the range and pull back. you are currently struggling with losses，or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results.
FX:USOILLong
by MyronWilson
Crude oil awaits upward breakthrough 💡Message Strategy Inventory data provides short-term support, but it is difficult to change the trend Although oil prices are under pressure overall, inventory data released by the U.S. Energy Information Administration (EIA) show that as of last week, U.S. gasoline and distillate inventories have dropped significantly, while gasoline consumption has increased by 6% month-on-month to 9.2 million barrels per day, indicating that the summer driving peak has brought short-term positive factors. In addition, global aviation demand has also become an important variable to boost market sentiment. JPMorgan Chase pointed out in a client report: "In the first eight days of July, the global daily number of flights reached an average of 107,600, a record high, among which aviation activities in Asian countries have recovered to the peak in nearly five months." The bank also expects that the average daily global crude oil demand growth this year will be 970,000 barrels, which is basically consistent with its forecast of 1 million barrels at the beginning of the year, indicating that although the consumption end is under pressure, it has not yet experienced a cliff-like decline. 📊Technical aspects The short-term (4H) trend of crude oil breaks through the upper resistance of the range and runs in an upward trend. The moving average system is arranged in a bullish pattern, and the short-term objective trend direction is upward. The MACD indicator opens upward above the zero axis, and the bullish momentum is sufficient. The oil price fluctuates in a narrow range, and it is expected that the crude oil will continue to rise. In terms of operation, crude oil is mainly long at a low level. If it rises to the target point, the direction will be selected according to the pattern and continued attention will be paid. 💰Strategy Package Long Position:65.50-66.50，SL：64.00，Target:69.00-70.00
TVC:USOILLong
by TheodoreSilas
WTI Oil – From Conflict to StrategyBack on April 24, I marked a short zone. On June 11, price broke above that level, giving a long opportunity — which I took. Unfortunately, it coincided with the tragic military strike by Israel on Iran, pushing oil sharply higher. I’ve pinned that analysis. Following the ceasefire, price dropped again — just a reminder that geopolitics can shake the charts. As traders, we stay prepared to act, even while acknowledging the deep sadness of lives lost. Now I wait for price to reach my marked level again. If I get a valid signal, I’ll short. But if price breaks and holds above, I’ll buy the pullback — with no bias, just pure execution. Risk-managed. Emotion-neutral. Opportunity-focused.
BLACKBULL:WTIShort
by ForexCSP
3
WTI Crude Oil Climbs Higher Amid Market OptimismMarket Analysis: WTI Crude Oil Climbs Higher Amid Market Optimism WTI Crude Oil price climbed higher above $66.50 and might extend gains. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI Crude Oil price started a decent increase above the $66.60 resistance levels. - There was a break above a connecting bearish trend line with resistance at $67.15 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price started a decent upward move from $65.50. The price gained bullish momentum after it broke the $66.50 resistance and the 50-hour simple moving average. The bulls pushed the price above the $67.00 and $67.50 resistance levels. There was a break above a connecting bearish trend line with resistance at $67.15. The recent high was formed at $67.63 and the price started a downside correction. There was a minor move toward the 23.6% Fib retracement level of the upward move from the $65.54 swing low to the $67.63 high. The RSI is now above the 60 level. Immediate support on the downside is near the $67.15 zone. The next major support on the WTI Crude Oil chart is near the $66.60 zone or the 50% Fib retracement level, below which the price could test the $65.50 level. If there is a downside break, the price might decline toward $64.70. Any more losses may perhaps open the doors for a move toward the $63.50 support zone. If the price climbs higher again, it could face resistance near $67.85. The next major resistance is near the $70.00 level. Any more gains might send the price toward the $72.50 level. 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.
FXOPEN:XTIUSD
by FXOpen
1