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USOIL Will Grow! Buy! Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 62.890. Taking into consideration the structure & trend analysis, I believe that the market will reach 68.865 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. 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
USOIL:tay long USOIL: The short-term objective trend is oscillating. In terms of momentum, the MACD indicator is above the zero axis, showing a top divergence, indicating that the upward momentum is weakening. In the first two trading days, the overall rhythm trend was alternating between primary and secondary, and it is expected that the intraday crude oil trend will still maintain the probability of shock upward, so maintain the long idea. Trading can wait for the retracement after the long. Trading Strategy: BUY@62.8-63 TP: 63.8-64 ↓↓↓ More detailed strategies and trading will be notified here ↗↗↗ ↓↓↓ Keep updated, come to "get" ↗↗↗
TVC:USOILLong
by Boooob_
Maintain high-level volatility.In early trading on Wednesday in the Asian market, international oil prices fell slightly, mainly affected by the easing of supply-demand balance and the drag on the global economic outlook from trade concerns. Brent crude oil futures fell 0.1% to $65.58 per barrel, while U.S. WTI crude oil fell 0.1% to $63.32. This decline came after both rose about 2% in the previous trading day, hitting two-week highs. Tuesday's rally was driven by two main factors: first, large-scale wildfires in Canada since early May, which caused thousands of people to evacuate and disrupted part of crude oil production; second, markets expected Asian countries to reject the nuclear agreement draft proposed by the United States, thereby maintaining sanctions on the major oil-producing country and reducing crude oil supply. The current international oil market is in a game of multiple forces. On the one hand, geopolitical factors and natural disasters have increased short-term supply risks; on the other hand, OPEC+ production expansion and trade concerns have constrained the sustainability of price rebounds. In the absence of clear policy directions and confirmation from inventory data, oil prices may remain volatile at high levels. 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: epeating simple tasks consistently and enforcing them strictly over the long term. Trading Strategy: buy@62.0-62.5 TP:63.5-64.0
TVC:USOILLong
by Ashbur
Crude oil is about to end its shock outbreak 💡Message Strategy International oil prices rose in early Asian trading on Tuesday, mainly due to rising risks of supply disruptions. Iran is expected to reject a nuclear deal proposal from the United States, which would have paved the way for easing sanctions on Iranian oil exports. In addition, wildfires in Alberta, Canada, also caused some oil and gas production to be suspended, exacerbating market concerns about supply. Brent crude rose 0.86% to $65.20 a barrel; U.S. West Texas Intermediate rose 0.75% to $63.00. This continued the previous trading day's nearly 3% increase. Geopolitical tensions also added to market concerns. The ongoing conflict between Russia and Ukraine has increased uncertainty in the global supply chain and geopolitical risk premiums. Oil prices were also supported by OPEC+'s slowing production increase. The Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided at a meeting last week to increase production by only a small 411,000 barrels per day in July, the same as in the previous two months and lower than the large increase some market participants had expected. International market conditions have a great impact on crude oil trends. Currently, various reasons have indicated an upward trend in crude oil, paving the way for the upcoming rising market. 📊Technical aspects Technical analysis shows that the daily chart of US crude oil (WTI) is strong and still has room for upward movement in the short term. After the current WTI crude oil price stabilized at the integer mark of $61, it closed positively for several consecutive days, showing an obvious upward channel pattern. In terms of technical indicators, the MACD fast and slow lines have formed a golden cross, and the kinetic energy column continues to expand, indicating that the bulls are strengthening; the RSI is near 65, not entering the overbought range, but showing good upward momentum. In addition, the 5-day and 10-day moving averages continue to diverge upward after the golden cross, supporting the oil price trend. If the oil price can effectively break through the resistance level of $63.50, it is expected to challenge the previous high of $65.80; 💰 Strategy Package Long Position: 62.00-62.50
TVC:USOILLong
by TheodoreSilas
1
Crude Oil (WTI) - Cup and Handle PatternCrude Oil (WTI) - Cup and Handle Pattern Breakdown Chart Overview: The chart displays a clearly formed Cup and Handle Pattern — a classic technical formation often followed by aggressive moves. Cup Formation: Smooth rounding bottom showing accumulation phase, with resistance near $66.5. Handle Formation: Slight pullback consolidating below resistance, typical before a breakdown. Technical Interpretation: The Cup and Handle pattern is typically considered a bullish continuation pattern. However, in this case, the price has failed to break above the resistance, suggesting a bearish reversal. Bearish Breakdown Expected: Instead of breaking out to the upside, price action suggests a breakdown — making the Cup and Handle act as a reversal pattern. Targets: First Target: 56.50 USD This level aligns with the measured move technique where the depth of the cup is projected downward from the breakdown point. Second Target: 46.75 USD This target is based on further extension, likely a Fibonacci projection or the full cup depth extension in bearish scenario. Key Observations: Pattern Completion: The handle part has completed and price is hesitating near the neckline. Volume Confirmation: (Assumed from typical setups) — Breakdown from the handle zone usually needs a surge in volume to confirm the bearish move. Trend Structure: Lower highs and lower lows forming after the peak of the handle indicate growing selling pressure. Measured Move Logic: The height of the Cup (from the bottom to resistance) is projected downward. Extension projections justify the second target of 46.75 USD. Risk Factors: Watch for any false breakdown — if price reverses and reclaims above the handle resistance (~66.5 USD), the pattern would be invalidated. Macroeconomic news (OPEC meetings, inventory data, geopolitical tensions) can impact Crude Oil prices unpredictably. Summary: Pattern: Cup & Handle (Bearish Reversal) Breakdown Expectation: Strong, impulsive. Immediate Target: 56.50 USD Extended Target: 46.75 USD Invalidation: Close above 66.50 USD. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Trading in crude oil or any commodity involves significant risk and you should consult your financial advisor before making trading decisions.
FX:USOILShort
by shiva560060
1
Crude oil surges stronglyInternational oil prices rose in early Asian trading on Tuesday, primarily driven by heightened risks of supply disruptions. Iran is expected to reject a U.S.-proposed nuclear deal proposal that could have paved the way for easing sanctions on Iranian oil exports. Additionally, wildfires in Alberta, Canada, have suspended part of oil and gas production, exacerbating market concerns about supply. Brent crude rose 0.85% to $65.18 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 0.75% to $62.97, extending a nearly 3% rally from the previous session. The current oil price surge reflects the effect (superimposition) of multiple factors, including geopolitical uncertainties and sudden natural disasters. Notably, the market’s reaction to the OPEC+ production increase strategy highlights its high sensitivity to supply-side control. The Iran and Canada incidents have further underscored the short-term vulnerability of the global oil market. If U.S.-Iran negotiations completely collapse or wildfires continue to spread, oil prices may sustain their upward momentum. Technically, the K-line chart has repeatedly formed bullish candlesticks with long lower shadows and small real bodies, indicating strong buying support at lower levels. Short-term intraday crude oil is expected to retain further upside potential. 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@62.0-62.5 TP:63.5-64.0
TVC:USOILLong
by Ashbur
USOIL:Go long Crude oil prices rose due to ongoing tariff uncertainty as well as ongoing geopolitical tensions in the Middle East. From the chart, the K line has repeatedly appeared long lower shadow small solid positive line, indicating that the lower buying long support is strong. Expected intraday crude oil short - term trend still exists a wave of upward space. Trading Strategy: BUY@62.5-62.6 TP: 63.5-64 ↓↓↓ More detailed strategies and trading will be notified here ↗↗↗ ↓↓↓ Keep updated, come to "get" ↗↗↗
TVC:USOILLong
by Boooob_
There remains a risk of further downside for crude oil prices.During Monday's US trading session, international oil prices rebounded strongly. The main US crude contract surged 2.5% at one point to $62.31 per barrel, while the August Brent crude futures also rose more than 2% to $64.12 per barrel. Two key drivers underlie this rally: OPEC+'s maintenance of a "modest production increase" strategy at its weekend meeting, and Ukraine's surprise attack on a Russian military airfield. The crude oil market is currently in a dual game of "policy and geopolitics": OPEC+ seeks to balance the market with "modest production increases," while Ukraine's raid serves as a reminder that black swans are never far away. Short-term Outlook: US oil prices may remain range-bound between $60-$64 per barrel. However, if the Russia-Ukraine conflict deteriorates or internal rifts within OPEC+ deepen, a new round of violent volatility (sharp rallies or crashes) cannot be ruled out. Technical Analysis: Early trading saw oil prices consolidate in a narrow range near $61, reflecting a secondary rhythm. The MACD indicator is bearishly diverging below the zero axis with strong bearish momentum, suggesting a risk of continued downward movement in crude oil prices during the session. Trading Strategy: sell@63.5-64.0 TP:61.6-62.0
TVC:USOILShort
by Ashbur
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 61.52 which is an overlap support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 59.60 which is a level that lies underneath a multi-swing-low support. Take profit is at 63.00 which is a 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 ): 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.
TRADU:USOILLong
by Tradu
Crude oil settles before the breakoutCrude oil is losing volatility, having locked in a narrow trading range. Usually that deprives the market from a directional bias, but increases the odds of spikes and quick liquidity moves to the edges of the trading range and beyond with a possible mean-reversion activity followed after (as shown at the chart). Given the lack of driving narratives, it’s possible to observe quick breakouts to both sides of the current trading range and further slowing down. That opens some opportunities for day traders, but for swing and position traders, opportunities might be limited for now. Traders will monitor for the petroleum status report and stock changes for the oil on Wednesday (regular report from eia.gov). Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
TVC:USOILLong
by Stanislav_Bernukhov_Exness