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Crude Oil Dipped: Downtrend Could ResumeFenzoFx—Crude oil has begun consolidating around $63.5, a resistance level aligned with the 78.6% Fibonacci retracement. Selling pressure has resulted in a long-wicked bearish candlestick pattern at this level. The primary support level stands at $61.45. A break below this threshold could trigger a new bearish wave, potentially driving the price toward the $60.20 support, reinforced by the 50-period simple moving average. However, the primary trend remains bullish as long as the price holds above the $60.20 support.
TVC:USOILShort
by FenzoFxBroker
USOIL | 4H | SWING TRADING Good morning, dear friends Due to high demand, I’ve prepared a USOIL analysis for you. My target level is set at 63.600. Once my target is reached, I’ll be sharing updates under this post. Dear friends, your likes are always my biggest motivation to keep sharing analyses. That’s why I kindly ask each of my followers to show their support—please don’t hold back on the likes. I sincerely thank everyone who supports me with their likes. It truly means a lot
FX:USOILLong
by TraderTilki
2
Oil Price Reversal? Why I’m Bullish on WTI Right Now! 🛢️ WTI crude oil is showing renewed bullish momentum. This move is backed by a shift in sentiment following the recent U.S.–China tariff truce and positive trade headlines. While OPEC+ supply increases and elevated inventories remain headwinds, surprise U.S. crude draws and strong jet fuel demand are tightening the market. I’m watching the current retrace. As always, keep risk tight—oil can turn fast! 🚀🛢️📈
TVC:USOILLong
by fxtraderanthony
The price has a strong bearish momentum, could it drop further?WTI Oil (XTI/USD) is rising towards the pivot, which acts as an overlap resistance and could reverse to the 1st support, which is a pullback support. Pivot: 65.43 1st Support: 55.63 1st Resistance: 71.37 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDShort
by ICmarkets
WTI - Technical Setup Points to April HighsThe US Light Crude chart is displaying promising bullish momentum after establishing a significant double bottom at the $56 support zone. Following a sharp recovery from recent lows, the price has broken above key resistance levels and is currently trading around $61,27 with the green arrow indicating potential continuation to the upside. Technical patterns suggest there is a higher probability that crude oil prices will extend this rally toward the local top formed on April 23rd near $65, completing a broader recovery pattern. With strengthening momentum indicators and improved market sentiment, this upward move appears well-supported, especially if crude can maintain position above the current consolidation range and continue forming higher lows on the daily timeframe. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:WTILong
by financialflagship
USOIL What Next? SELL! My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 60.99 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 58.63 My Stop Loss - 62.11 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. 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
TVC:USOILShort
by AnabelSignals
1
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
TVC:USOILLong
by ForexMasters2000
1
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
TVC:USOILLong
by AndyHopkins
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
TVC:USOILShort
by AndyHopkins
USOIL Under Pressure! SELL! My dear friends, Please, find my technical outlook for USOIL below: The price is coiling around a solid key level - 61.69 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 61.18 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. 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
TVC:USOILShort
by AnabelSignals
1
Next Week’s Outlook, I hope it will be helpful to youRecent Oil Price Trends and Outlook The recent trend of oil prices has been volatile. On the supply side, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are discussing further production increases in July. If actual production is increased, the supply of crude oil in the market will rise, naturally putting downward pressure on prices. There has already been news that OPEC+ began gradually increasing supplies in May and June. If subsequent production increase plans continue to advance, concerns about supply surpluses will intensify. Forecast for Next Week’s Market Expectations of OPEC+ production increases and weak U.S. demand are likely to continue influencing the market next week. If OPEC+ confirms further production increases at its June 1 meeting, oil prices will (most likely) continue to face downward pressure next week. However, if unexpected situations arise—such as sudden geopolitical tensions affecting crude oil production and transportation—oil prices may also rise volatility. Based on current conditions, it is more likely that oil prices will maintain a (range-bound downward) pattern next week. Key resistance levels to watch are 63.0–63.5, and support levels are 60.5–60.0
TVC:USOILLong
by AndyHopkins
USOIL Will Go Higher From Support! Buy! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 61.684. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 64.409 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. 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:USOILLong
by SignalProvider
1
Bullish bounce?USO/USD is falling towards the support level which is an overlap support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 60.39 Why we like it: There is an overlap support level that lines up with the 50% Fibonacci retracement. Stop loss: 57.93 Why we like it: There is a pullback support level that aligns with the 161.8% Fibonacci extension. Take profit: 64.42 Why we like it: There is a pullback resistance level. 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
USOil Dips Amid Global Demand WorriesXTI/USD is currently exhibiting bearish technical signals, with key indicators pointing towards potential further declines. However, the presence of oversold conditions suggests that a short-term rebound could occur if prices find support at current levels. Traders should monitor the $60.13 support and $61.38 resistance levels closely, as breaks of these levels could signal the next directional move. XTI/USD is experiencing a noticeable downward shift in market sentiment. After a period of relative stability, prices have started to decline, influenced primarily by concerns over global demand and shifting geopolitical conditions. Despite earlier support from tensions in Eastern Europe and U.S. sanctions on Russian energy exports, the market now appears to be reacting more to economic headwinds, such as signs of slowing industrial growth in major economies like China and the Eurozone. Traders are closely watching whether current support levels will hold or if the recent downward momentum will lead to a deeper correction. Overall, the sentiment leans cautious, with traders waiting for clearer signals from both supply-side developments and macroeconomic indicators. Pivot Points: Support Levels: S1 at $60.13, S2 at $59.69, S3 at $58.88. Resistance Levels: R1 at $61.38, R2 at $62.19, R3 at $62.63. Bearish Outlook Trigger: A break below the $60.13 support level. Targets: $59.69 followed by $58.88 Invalidation: A decisive move above the $61.38 resistance level. Bullish Outlook Trigger: A sustained break above the $61.38 resistance level. Targets: $62.19 followed by $62.63 Invalidation: A drop below the $60.13 support level. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
ICMARKETS:XTIUSDShort
by SibiSh
WTI Oil H4 | Overlap support at 38.2% Fibonacci retracementWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 60.44 which is an overlap support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 57.60 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement. Take profit is at 63.68 which is a multi-swing-high resistance. 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/uk): 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. Stratos Europe Ltd (tradu.com/eu): 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. Stratos Global LLC (tradu.com/en): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:USOILLong
by Tradu
USCRUDEOIL - Potential Sell (Day Trading)Hi traders, Next week I am looking to SELL CMCMARKETS:USCRUDEOIL . Price Action Analysis: 4hr Chart: Price has been forming higher highs and higher lows, but has now broken a key support level (previous buyer zone), which may indicate a shift to seller control. We need to check the lower time frames to confirm if this supports a bearish bias. 1hr Chart: After breaking the buyer zone, price has started forming a new bullish structure. If this structure fails, it could confirm a sell setup. Stay on standby. Lower timeframe: Timing for entry Good Luck STUDY, STUDY, STUDY. Lorenzo Tarati :)
CMCMARKETS:USCRUDEOILShort
by tarati.lorenzo