Bullish bounce>WTI Oil (XTI/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 65.65
1st Support: 63.74
1st Resistance: 68.24
Risk Warning:
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XTIUSD trade ideas
Crude oil under pressure after OPEC+WTI Crude oil had rejected the 20-moving average area, having reversed off the $68 price area after the OPEC+ announcement about the upcoming production increase. The short-term energy outlook forecast from eia.org had lowered the expected fair price for CL futures based on supply and demand estimation for 2025 - the average price is projected around $60 with a possibility to drive lower.
COT reports show the increasing short position for commercial traders, which had almost reached the new bottom - a potential short signal for the oil.
Given the weak sentiment (we’ve seen the massive drop of oil futures after the resolution of Israel-Iran situation) and overall downtrend, we can project the downside move as shown at the chart.
Don't forget - this is just the idea, always do your own reserch and never forget to manage your risk!
USOIL🛢️ USOIL (WTI Crude Oil) – Technical Outlook & Forecast
Current Price: $64.55
Bias: Bullish Only
Forecast Levels: $82.00 → $85.00 → $90.00+
🔍 Market Overview:
Crude oil (USOIL) is currently trading around $64.55, showing early signs of a potential bullish reversal from multi-month lows. Despite recent volatility and macroeconomic uncertainties, the technical structure indicates the formation of a solid accumulation base, potentially preparing for a significant upward move.
📈 Technical Perspective:
Price Action: Oil is attempting to reclaim key support zones that have held historically during large-scale recoveries.
Momentum: Oscillators (like RSI/MACD) may be turning up from oversold territory (subject to chart confirmation), further supporting the bullish scenario.
Volume Profile: Accumulation at lower levels hints at smart money interest around the $60–$65 zone.
🎯 Bullish Targets:
$82.00 – Psychological and technical resistance
$85.00 – Previous swing high / Fib extension zone
$90.00+ – Medium-term projection if momentum sustains
🧭 Conclusion:
The bias for USOIL remains bullish only while the $60–$62 zone holds firm as support. Breakout above near-term resistances could open the way for a strong move toward $82, $85, and even $90+. Keep an eye on macro events and inventory data for short-term volatility.
🟢 Trade Setup Idea (For Reference Only):
Long bias above $64–$65 support zone, targeting $82–$90 over the coming weeks/months. Use proper risk management.
Usoil buy trade am holding since last week📈 USOIL Trade Update – Long Position Holding Strong Since Last Week 🔥
Guess I didn't post this last week...
Caught this buy from the demand zone around $64.16, with a clean structure shift and bullish momentum confirmation.
The market is respecting structure with higher highs and higher lows forming beautifully. As price approaches my target zone, I’m locking in profits and managing risk. Trade has been running smoothly for days 💪🏽
SL at break even now, Holding patiently for that final push to the $70+ area. Let's see how the market reacts at that key zone.
WTI Crude Oil volatility spikeWTI prices ticked higher as renewed Houthi attacks in the Red Sea raised supply and shipping risk concerns.
A drone and speedboat strike on a Greek-operated vessel killed four crew members, marking the second attack in a day and signaling a fresh escalation after a temporary Middle East truce.
The Red Sea remains a critical route for crude flows, and heightened tensions could support oil prices due to potential disruptions.
However, US inventory data is a key counterweight:
The API reported a surprise 7.1 million barrel build in crude stockpiles last week (vs. expected 2.8M draw).
This adds to an 11 million barrel increase in inventories year-to-date, which could limit upside momentum in WTI.
Traders now await the official EIA report later today, which could confirm or challenge API’s bearish signal.
Trading Implications:
Geopolitical premium is re-entering the market—bullish for WTI in the short term.
Inventory build limits gains—if confirmed by EIA, could lead to price pullbacks.
Key levels and positioning will hinge on EIA stock data and any further escalation in shipping threats.
Bias:
Short-term: Bullish with upside risk from Red Sea conflict
Medium-term: Capped by high U.S. stock levels unless demand outlook improves
Key Support and Resistance Levels
Resistance Level 1: 7120
Resistance Level 2: 7260
Resistance Level 3: 7375
Support Level 1: 6650
Support Level 2: 6460
Support Level 3: 6290
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.
CRUDE OIL (WTI): Will It Rise More?
Quick update for my yesterday's analysis for WTI Crude Oil.
As I predicted yesterday, the price went up to the target.
We got one more strong bullish confirmation after a New York
session opening:
the price violated a resistance of a horizontal range on a 4H time frame.
I think that the market may rise even more and reach 69.25 level.
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Strong USOIL Setup: Long from Support + 4.34 R/RHey Guys, hope you're all doing well!
I've placed a limit buy order on USOIL from a key support level. Below are the relevant levels for your reference:
- 🔵 Entry Level: 67.424
- 🔴 Stop Loss: 66.803
- 🟢 Target 1 (TP1): 67.908
- 🟢 Target 2 (TP2): 68.456
- 🟢 Target 3 (TP3): 70.036
📊 Risk/Reward Ratio: 4.34
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WTI Oil Heist: Bullish Breakout Plan for Big Gains!🚨 Ultimate WTI Oil Heist Plan: Bullish Breakout Strategy for Big Profits! 🚀💰
🌟 Hello, Wealth Chasers & Market Mavericks! 🌟
Hola, Bonjour, Hallo, Marhaba! 🗺️
Get ready to execute the Ultimate WTI / US Oil Spot Heist using our 🔥 Thief Trading Style 🔥, blending sharp technicals with powerful fundamentals! 📈💡 This swing trade plan targets the energy market’s bullish potential, but stay sharp—volatility lurks! 🚨 Follow the chart setup for a long entry, and let’s aim for those juicy profits while dodging the high-risk ATR zone where the market “police” might trap overzealous traders. 🏦⚠️
📊 The Heist Plan: WTI / US Oil Spot (Swing Trade)
Entry 📈:
The breakout is your signal! 🎯 Wait for the Moving Average crossover and a confirmed pullback at $68.00 on the 2H timeframe. Once it triggers, go long and ride the bullish wave! 🐂 Set an alert to catch the breakout in real-time. 🚨
Stop Loss 🛑:
Protect your capital like a pro! 💪 Place your stop loss below the recent swing low at $65.00 (2H timeframe, candle body wick). Adjust based on your risk tolerance, lot size, and number of positions. Rebels, beware—straying too far from this level could burn you! 🔥
Target 🎯:
Aim for $73.80 or exit early if momentum fades. Scalpers, stick to long-side trades and use a trailing stop to lock in gains. 💰 Swing traders, follow the plan and secure profits before the market consolidates or reverses. 🏴☠️
📊 Market Context & Key Drivers
The WTI / US Oil Spot market is currently consolidating with a bullish bias 🐂, driven by:
Fundamentals: Check macroeconomic data, seasonal trends, and intermarket correlations. 📉
COT Report: shows net-long positions increasing, signaling bullish sentiment. 📅
Sentiment & Quantitative Analysis: Market mood leans positive, but overbought risks loom near the ATR zone. ⚠️
Stay informed! 📰 Monitor news releases, as they can spike volatility. Avoid new trades during major announcements and use trailing stops to protect open positions. 🔒
📊 Pro Tips for the Heist
Scalpers: Go long with tight trailing stops to safeguard profits. 💸
Swing Traders: Stick to the plan, adjust stops based on risk, and exit before the high-risk ATR zone ($73.80+). 🚪
Risk Management: Never risk more than you can afford. Tailor your lot size and stop loss to your account size. 🛡️
Stay Updated: Market conditions shift fast—keep an eye on fundamentals and sentiment to stay ahead. 👀
📊 Why Join the Heist?
This Thief Trading Style plan is your ticket to navigating the WTI market with confidence! 💪 Boost this idea to strengthen our trading crew and share the wealth-making vibe. 🚀💥 Like, follow, and stay tuned for more high-octane strategies! 🤑🐱👤
Disclaimer: This is a general market analysis, not personalized investment advice. Always conduct your own research and consider your risk tolerance before trading. Markets are dynamic—stay vigilant and adapt to new developments. 📡
Let’s make this heist legendary! 🌟💰 See you at the next breakout! 🤝🎉
USOIL BEST PLACE TO SELL FROM|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 68.26
Target Level: 63.78
Stop Loss: 71.23
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Crude Oil Eyes 3-Year Resistance Once AgainWTI has rebounded cleanly from the neckline of an inverted head-and-shoulders pattern—formed ahead of the June Middle East conflict—establishing a strong support zone above $63.40.
Prices are currently trading above $67. A sustained hold above this level could target $69 and $72, aligning with the upper edge of the 3-year declining channel. A confirmed breakout above $72 may extend gains toward $78, $80, $84, and $88 respectively.
On the downside, a close below $63.80 may trigger renewed selling pressure toward $60, $58, and $56—within the mid-zone of the broader down trending channel.
- Razan Hilal, CMT
Crude oil shock trend direction
💡Message Strategy
During the European trading session on Monday, the West Texas Intermediate (WTI) crude oil futures on the New York Mercantile Exchange recovered the previous losses and rebounded to around $67.50 per barrel. Although OPEC+ confirmed that the increase in oil production in August will be higher than expected, oil prices still rebounded.
From the daily chart level, the medium-term trend of crude oil fluctuated upward and tested around 78. The K-line closed with a large real negative line, which has not yet destroyed the moving average system and is still supported. The medium-term objective upward trend remains unchanged. However, from the perspective of momentum, the MACD indicator crosses downward above the zero axis, indicating that the bullish momentum is weakening. It is expected that the medium-term trend of crude oil will fall into a high-level oscillating upward pattern.
📊Technical aspects
The short-term (1H) trend of crude oil failed to continue to hit a new low and showed a rebound rhythm. The oil price crossed the moving average system, and the short-term objective trend entered a transition period. From the perspective of momentum, the MACD indicator crossed the zero axis, and the red column indicated that the bullish momentum was sufficient. At present, the price is running in a wide range, with a range of 65.50-67.80. It is expected that the trend of crude oil will repeatedly test the upper edge of the range within the range.
💰Strategy Package
Long Position:67.00-67.50,SL:65.50,Target:70.00
WTI crude oil Wave Analysis – 8 July 2025- WTI crude oil reversed from the support zone
- Likely to rise to resistance level 70.00
WTI crude oil recently reversed up from the support zone located between the key support level 64.55 (former resistance from the end of April), the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from May.
The upward reversal from this support zone started the active medium-term ABC correction (2).
WTI crude oil can be expected to rise to the next round resistance level 70.00 (target price for the completion of the active impulse wave i).
Bearish reversal off 38.2% Fibonacci resistance?WTI Oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support which is a pullback support.
Pivot: 70.08
1st Support: 65.56
1st Resistance: 73.54
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.
WTI OIL Best scalping opportunity at the moment!WTI Oil (USOIL) has been consolidating inside a ranged trading set-up, with the 4H MA100 (green trend-line) as its Resistance and the 4H MA200 (orange trend-line) as its Support.
We saw this previously from May 13 to June 01 and it presents the best scaling opportunity in the market at the moment. That previous Ranged Trading pattern eventually broke upwards as the Higher Lows trend-line held.
As a result, after you get your scalping profits within this range, look for a clear break-out above the 4H MA100 (candle closing) in order to go long (Resistance 1) or a break-out below the Higher Lows (candle closing) in order to go short (Support 1).
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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(WTI Crude Oil) on the 30-minute timeframe:(WTI Crude Oil) on the 30-minute timeframe:
You have a clear triangle breakout happening.
The chart shows two bullish target positions marked with blue arrows.
Based on your chart:
Current Price Zone: Around 66.20 - 66.25
Target Levels:
✅ First Target: 67.00
✅ Second Target: 68.00 - 68.10
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Summary Trading Idea:
Breakout above resistance trendline confirmed.
First resistance and partial target at 67.00
Final target near 68.00 - 68.10, where the next significant resistance lies.
Let me know if you want stop-loss suggestions or a detailed entry strategy.
WTI Crude Oil: Double Engulf + H&S Breakdown Points to $40Hello guys! Let's dive into WTI!
The weekly chart of WTI Crude Oil reveals a bearish Head & Shoulders pattern playing out over a long-term descending channel. Price recently got rejected from the upper trendline, showing weakness despite a short-term bounce.
- Engulfed 1 & 2:
Two major engulfing zones failed to hold as support, turning into strong resistance.
- Bearish Scenario in Play:
After the recent upside move into resistance, price is likely to follow one of two paths:
- Continuation Within the Channel:
Rejection from the upper bound of the descending channel leads to a stair-step decline toward the $47–52 zone.
- Final Rejection from Supply Zone ($83–89):
A larger corrective push could test this area before a full collapse toward the long-term demand zone.
Main Target:
The blue shaded region ($36–47) stands out as a strong long-term demand zone, where buyers may finally step in.
____________________
Invalidation point:
Unless crude oil breaks above the $89 zone with strong volume, all signs point to further downside.
The chart structure favors a slow bleed with temporary bounces, ultimately targeting the $40s.