USOIL:Go long
Stay on the long side.
Trading Strategy:
BUY@71.8-72.3
TP: 74-74.3
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WTICOUSD trade ideas
USOIL:Go long
USOIL:Crude oil rose sharply under the tension in the Middle East, the early repeatedly suggested that the continuous low shock after the upward breakthrough, the time of storage force is long enough, especially the watershed 64.8 break after the rising space has been opened, the trading idea is still to step back and do long.
Trading Strategy:
BUY@66.9-67.2
TP: 68.6-69
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wti looking for reversalSwing trade
Wti looking for reversal 3 Major bull points
Trend reversal
Rsi divergence
Reversal chart pattern Head and shoulder
Manage your risk before putting trade on real account
Bullish momentum remains robust.International oil prices surged then pulled back. Brent crude oil futures fell 47 cents to $69.40 per barrel, while U.S. West Texas Intermediate (WTI) dropped 33 cents to $67.84. In the previous session, both Brent and WTI recorded over 4% gains, hitting their highest levels since early April.
On Wednesday, U.S. President Trump stated that the U.S. is withdrawing some personnel from the Middle East due to the region's potential danger, reiterating that Iran will not be allowed to develop nuclear weapons. Meanwhile, market surveys showed the U.S. is preparing partial evacuations of personnel from its embassy in Iraq and allowing family members in Bahrain and other areas to leave. U.S. and Iraqi sources revealed the move primarily stems from heightened security risks in the region.
Current upward momentum in the oil market is driven by dual factors: geopolitical tensions in the Middle East and unexpected declines in U.S. inventories. In the short term, as long as tensions between Iran and the U.S. show no signs of easing, the market will continue to monitor potential supply disruption risks. Additionally, the alleviation of trade concerns and global economic recovery expectations will provide strong long-term support for oil prices. However, risks of sharp volatility from sudden deterioration in geopolitical situations should be vigilantly monitored.
With moving averages diverging upward, the short-term objective trend is clearly established as bullish. It is expected that crude oil prices will continue to rise and hit new highs.
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@65.5.0-66.0
TP:67.5-68.0
WTI Oil H4 | Potential bullish bounceWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 66.44 which is a pullback support.
Stop loss is at 64.25 which is a level that lies underneath an overlap support and the 50% Fibonacci retracement.
Take profit is at 69.11 which is a pullback 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 ):
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 ):
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 ):
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.
Crude oil is expected to break through the $68.00 mark
💡Message Strategy
WTI crude oil futures prices soared during the European session on Wednesday (June 11), continuing Tuesday's gains, but failed to reach the important level of $66.45. Currently, bulls are focusing on whether they can clearly break through the technical resistance level to confirm the continued upward trend.
OPEC+ plans to increase production by 411,000 barrels per day in July, the fourth consecutive month of increase. Its impact on global supply may be weakened. Domestic demand in Saudi Arabia and other OPEC+ members may increase in the summer, helping to absorb the additional supply. According to Capital Economics, this internal consumption may support oil prices in the short term by offsetting the increase in supply.
China-US trade truce boosts risk appetite, but demand questions remain
WTI hit a seven-week high, reflecting the recovery of market risk appetite after the China-US trade negotiations. The two sides have agreed on a framework for restarting the trade truce and easing rare earth export restrictions, boosting market sentiment.
📊Technical aspects
Oil price forecast: Bullish bias strengthens above key resistance level
If the bears regain control, $64.50 will be seen as the near-term support. A successful break above $66.75 could open up space for the next major upside target near $67.50.
Supported by geopolitical tensions, easing trade concerns and stable demand fundamentals, the outlook for crude oil remains bullish, provided that WTI can close above $66.75.
If a breakout is confirmed, it may attract new buying and push prices towards the $68 mark. However, if the current gains cannot be maintained, oil prices may fall back to the $64.50 range.
💰 Strategy Package
Long Position: 64.50-65.00，65.00-65.30
USOil LongUSOIL is now net long on the regression break.
Contract roll on the futures market is +1.6% on the front month.
I am considering my options and EAs to use on this market.
Crude Oil Technical Analysis 🛢 Crude Oil Technical Analysis (Weekly Structure & 2H Chart Confirmation)
Chart Reference: Based on your 2H chart, crude has completed an A-B corrective structure and is likely entering the impulsive C leg, which typically unfolds in 5 waves (I, II, III, IV, V).
🔍 Elliott Wave Interpretation
Wave A: Likely the initial leg down — corrective but strong.
Wave B: Completed near the recent top ~66.5–67 zone (acts as resistance).
Wave C: Beginning now; a clear impulse structure (5-wave down expected).
🟣 Wave Count Breakdown on 2H Chart
Wave I: Likely completed near 64.5 — key level to confirm downside continuation.
Wave II: Minor retracement to ~66.5 (double top zone).
Wave III: Expected to be sharp and impulsive — projected towards 60 zone.
Wave IV: Small pullback/retrace near 57.5–58.5.
Wave V: Final push down — projected to 52–54 range.
🎯 Key Price Levels
Level Significance
66.5–67.0 Wave B high / Resistance Zone
64.5 Breakdown Confirmation (Wave I Low)
60.0 First Major Support / Wave III end
55.0 Likely Wave V Extension area
52.0 Potential C-Wave Completion Zone
🧠 Observations & Trade Notes
If 64.5 breaks, the C-leg is active and impulsive selling should follow.
RSI/Momentum indicators (not shown) should confirm bearish divergence or breakdown if this analysis holds.
Wave III is usually the longest; hence, fast drop expected after 64.5 breach.
Keep an eye on volume spikes and wide-body red candles post-64.5 for entry triggers.
📉 Short-Term Trading Strategy
Below 64.5: Initiate short with SL above 66.7
Target 1: 60.2
Target 2: 55.3
Target 3: 52.0
SL Trail: Once below 60, trail SL above 62.
🛑 Risk Considerations
A strong close above 67.2 invalidates the current wave count and may call for re-evaluation (possibly extended Wave B or triangle).
📌 Conclusion
Crude has likely entered a Wave C downtrend which is impulsive in nature. A clean break below 64.5 confirms that Wave III is active, and targets of 60–52 remain valid. The structure aligns with a larger time frame correction. Strong caution is advised above 67.
📢 Disclaimer:
This analysis is for educational and informational purposes only and should not be construed as investment or trading advice. Trading in commodities, stocks, futures, and options involves substantial risk of loss and is not suitable for every investor. Past performance is not indicative of future results. Always do your own research or consult with a qualified financial advisor before making any trading decisions. The author shall not be held responsible for any losses incurred from the use of this analysis.
USOIL:Go short before you go long
USOIL:Crude oil trend in line with expectations to break 65, hourly level to see adjustment, trading can be done first short and then long. Here are my range trading ideas.
Trading Strategy:
SELL@65.4-65.5
TP:64.5-64.
BUY@64.5-64
TP: 65.3-65.5
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WTI Crude Oil INTRADAY Bullish breakout supported at 6380Trend Overview:
WTI Crude Oil remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 6380 (primary pivot), followed by 6320 and 6250
Resistance: 6650 (initial), then 6740 and 6830
Technical Outlook:
A pullback to the 6380 level, which aligns with the previous consolidation zone, could act as a platform for renewed buying interest. A confirmed bounce from this support may trigger a continuation toward the next resistance levels at 6650, 6740, and ultimately 6830.
Conversely, a daily close below 6380 would suggest weakening bullish momentum. This scenario would shift the bias to bearish in the short term, potentially targeting 6320 and 6250 as downside levels.
Conclusion:
WTI Crude Oil maintains a bullish structure while trading above the 6380 support. A bounce from this level would validate the consolidation as a continuation pattern, with upside potential toward the 6650 area. A breakdown below 6380, however, would invalidate this view and suggest deeper corrective risk.
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.
WTI on high time frame , price reach 60$?
"Hello friends, focusing on WTI, the price is currently in a bullish trend on the daily time frame. During the last NY session, the price swept liquidity in the $66 zone and faced a strong rejection. Considering both technical analysis and fundamental news, I believe the price is gearing up for a decline, with the initial target likely around $60."
If you need further clarification or have more details to discuss, feel free to share!
Will Oil Prices Face Downward Pressure After EIA's Forecast?Macro approach:
- The EIA’s latest short-term outlook projects weaker oil prices as rising global inventories weigh on the market. Sluggish demand growth and increased production are expected to push output above consumption, building stockpiles and adding pressure on prices.
- Traders are also monitoring the ongoing US-China trade talks in London. Sentiment remains cautiously optimistic after US Commerce Secretary Lutnick described the negotiations as progressing well.
- On the supply side, Saudi Aramco has reduced its Jul oil shipments to China by 1 million barrels compared to Jun, suggesting that the recent OPEC+ production hike may not translate into substantial new supply.
Technical approach:
- USOIL retested both the descending trendline and resistance near 64.50 before pulling back. The price remains above both EMAs, signaling that bullish momentum is still intact.
- A breakout above 64.50 and the descending trendline could open the door to 68.00–70.00.
- However, failure to clear this resistance may lead to a retreat toward the 60.00 support level.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Crude Oil Surges StronglyAs market participants await positive outcomes from negotiations between a major Asian economy and the U.S., crude oil prices edge higher modestly. During Tuesday's Asian session, Brent crude oil futures rose by $0.12 to $67.16 per barrel, while U.S. WTI crude oil gained $0.13 to $65.42, briefly hitting a new high since April 4th intraday. In the previous trading day, Brent surged to $67.19, the highest level since April 28th, primarily driven by market expectations of a potential deal between the U.S. and China.
Current oil prices stand at a crossroads of multiple factors. In the short term, the global trade landscape dictates the main thread of market sentiment. If a mitigation plan is reached, it will boost demand expectations. However, the resumption of Iranian exports and OPEC's production increase strategy may lead to a potential supply glut in the second half of the year, emerging as the primary risk suppressing oil prices.
Technically, the K-line has pierced below the moving average system, indicating a shift in the short-term objective upward trend. The formation of a large-bodied bearish candle in the subsequent session establishes the main rhythm, suggesting that oil prices may further decline to around $63.50 today before seeking new support.
Overall, today's trading strategy for crude oil is recommended to focus on rebound shorting as the primary approach and pullback long positions as a supplement. In the short term, monitor resistance at the $67.5-68.0 range, while support lies at the $65.0-64.5 level.
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.
The trend after the surge in crude oil prices
💡Message Strategy
Core economic data and event-driven
The US employment report boosted expectations of rate cuts. According to the US Department of Labor, the unemployment rate stabilized at 4.2% in May, and 139,000 new non-farm jobs were added (the previous value was revised down). Phil Flynn, senior analyst at Price Futures Group, pointed out: "The employment data is 'just right', neither too hot nor too cold, but it strengthens the possibility of the Fed's rate cut." The expectation of a rate cut is seen as a potential positive for the crude oil market, as loose policies may stimulate economic recovery and boost oil demand.
OPEC+ moderately increased production to balance market expectations. OPEC+ reached an agreement on Saturday to increase production by 411,000 barrels per day in July, which is lower than Saudi Arabia's proposal, but in line with market expectations. HSBC analysts believe: "Summer oil demand will peak in July-August, matching the increase in OPEC+ supply, and the market supply and demand will tend to balance in the second and third quarters." The decision did not suppress oil prices, but instead eased concerns about oversupply.
📊Technical aspects
WTI crude oil: closed at $64.73 per barrel on Friday, up 2.21% on the day and 6.55% this week. It is about to reach our strategic target of 65.00. When everyone is looking at the decline of crude oil, our strategy is firmly on the rise, and the result is consistent with our direction.
From a technical perspective, the daily chart of US crude oil (WTI) shows that the price is running in a short-term rising channel, with support at around $63, while the upper resistance is concentrated in the $64.50 area. In recent trading days, WTI has received support at the 60-day moving average and successfully broke through the 20-day moving average, indicating that the short-term bullish momentum is gradually increasing.
At the same time, the MACD indicator shows a golden cross signal, and the momentum column continues to expand, indicating that the price is expected to further test the $65 mark. If the resistance level can be effectively broken, the next target may be $67.
💰 Strategy Package
Long Position: 63.50-64.00
USOIL:Wait 63.6-64 to go long
Affected by last week's data, crude oil directly broke through the short-term pressure 64, technical point of view of the daily track upward opening, 64.8 position basically can not hold, and once the break open the space for rise, the rise has just begun;
After breaking from the early continuous shock to a strong unilateral, the market will at least continue a wave of strength, pay attention to 63.6-64 range to do more, or the European market force to rise, the United States is also more, now is to see a strong break.
Trading Strategy:
BUY@63.6-64
TP: 65-65.2
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WTI Oil H1 | Falling toward a pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 63.76 which is a pullback support that aligns with the 23.6% Fibonacci retracement.
Stop loss is at 62.70 which is a level that lies underneath a swing-low support and the 38.2% Fibonacci retracement.
Take profit is at 65.44 which is a resistance that aligns with the 78.6% Fibonacci projection.
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 ):
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 ):
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 ):
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.
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.
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.
