GME COLLAPSE - NET SELLOFF - MARKET ANALYSISGameStop (GME) is dropping in after-hours trading following its $1.3 billion convertible senior notes offering, which investors see as potential dilution. Similarly, Cloudflare (NET) is also falling due to concerns over its $1.75 billion convertible debt offering, which could impact shareholder value.
On the flip side, Oracle (ORCL) surged after reporting strong Q4 earnings, with cloud infrastructure revenue expected to grow over 70% in fiscal 2026. This could provide a tailwind for the broader cloud sector.
The market’s pullback today was much needed, with many stocks retesting key breakout zones
Energy Commodities
USOUL:Go long near 65.5
USOIL:Crude oil broke through the watershed 64.85 after the emergence of strong unilateral bulls, daily cycle relying on short-term average to go even Yang form, rising space has opened, pay attention to the strong will continue at least a few trading days, short-term relying on 65 defense needs to be more, pay attention to 65.5 near the long, see 66.7-67
Trading Strategy:
[email protected]
TP: 66.7-67
↓↓↓ More detailed strategies and trading will be notified here ↗↗↗
↓↓↓ Keep updated, come to "get" ↗↗↗
"Go long on crude oil with strong unilateral pullback"The market is weighing the impact of global trade tensions on the global crude oil demand outlook. After two days of intense consultations in London, the Asian giant and the U.S. have reached a framework agreement on restarting trade talks. U.S. Commerce Secretary Howard Lutnick said after the negotiations that the framework still needs review and approval from President Trump. Crude oil continued to rise after a pullback correction, showing a single bearish candlestick retracement pattern on the daily chart. With price supported at the MA5 level, it continues to make new highs, and this rally could target the 67.0 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.
Trading Strategy:
[email protected]
TP:66.5-67.0
Crude Oil Surges on Summer Demand and Trade OptimismOn the weekly chart, crude oil trades above the mid-range of a descending channel that has been in place since the 2022 highs. The RSI remains just below the neutral zone, suggesting a cautiously bullish-to-neutral outlook while prices hover near the $65 resistance level.
From a daily perspective, oil prices are breaking out above the $65 resistance, and a firm hold could pave the way toward $66 and potentially retest the $71 and $73 levels.
On the downside, the psychological support at $60 remains critical. A break below $60—and more critically, below the $58 moving average—could reintroduce long term bullish positioning from $55 and $49.
- Razan Hilal, CMT
USOIL:Go short before you go long
USOIL:Crude oil trend in line with expectations to break 65, hourly level to see adjustment, trading can be done first short and then long. Here are my range trading ideas.
Trading Strategy:
[email protected]
TP:64.5-64.
[email protected]
TP: 65.3-65.5
↓↓↓ More detailed strategies and trading will be notified here ↗↗↗
↓↓↓ Keep updated, come to "get" ↗↗↗
WTI on high time frame , price reach 60$?
"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
WTI Crude Oil Stalls At Technical JunctureCrude oil has enjoyed a decent rally in recent weeks thanks to improved sentiment and OPEC+ scaling back production. Yet momentum turned against bulls on Tuesday, despite positive trade talks between the US and China. Today I discuss whether this could be a turning point for oil, or simply a bump in the road.
Matt Simpson, Market Analyst at City Index and Forex.com
RIG Mega Profits SecuredRIG is a high beta oil stock. We secured profits today and looking for another entry.
With the recent breakout and upside momentum in oil, this name caught a massive bid.
Crude oil has seen a sharp rise in just the last week and shaping up for a continuation move higher.
If this breakout holds energy stocks should continue to fly.
WTI has its first major resistance level coming up within 1% from current price.
Look for pullback buys in energy if oil continue to hold the inverse head & shoulder breakout.
WTI Cash Bearish Divergence BearishU.S. Iran tensions, U.S. China Talks, U.S. Production capacity down,Inflation high
Techincally: Volume surges, Divergence,
Targets: See the chart.
Entries: 3 approches(red Boxes)
I am short. I stay short. At current level (above 64 risk of being bullish is higher than being short).
Mange risk tightly.
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.
WTI oil has approached a key area of resistanceThe technical picture of WTI oil shows that the commodity is now near one of its key downside resistance lines. Could we get a break, or trendline will remain intact?
Let's dig in!
TVC:USOIL
MARKETSCOM:OIL
Let us know what you think in the comments below.
Thank you.
77.3% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
USOIL BEST PLACE TO SELL FROM|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 65.62
Target Level: 62.64
Stop Loss: 67.59
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.
✅LIKE AND COMMENT MY IDEAS✅
CRUDE OIL (WTI): Detailed Support & Resistance Analysis
Here is my latest structure analysis for WTI Oil.
Resistance 1: 63.6 - 65.9 area
Resistance 2: 68.2 - 69.2 area
Resistance 3: 71.4 - 75.2 area
Support 1: 61.8 - 62.8 area
Support 2: 59.0 - 60.8 area
Support 3: 55.1 - 57.2 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
USOIL Trade Setup: Watching for a Bullish Break After Pullback 📈 US OIL Trade Plan
Currently, USOIL is in a strong bullish trend 🔥 — price action has pushed into overextended territory, which opens the door for a potential pullback 🌀.
I'm watching for a WTI retracement into equilibrium, ideally aligning with the 50%–61.8% Fibonacci levels from the previous swing low to high 🔍📉. If price corrects into that zone and we find support, followed by a bullish break in market structure 💥 — that would be the confirmation I’m waiting for to consider a long position 🚀.
⚠️ Key Level to Watch: That structure break is the trigger — no confirmation, no trade 🧠.
⚠️ Disclaimer:
This content is for educational and informational purposes only and should not be considered financial advice. Always conduct your own analysis and consult a professional before making trading decisions. Trade responsibly.
XBR/USD Chart Analysis: Brent Crude Reaches 1.5-Month HighXBR/USD Chart Analysis: Brent Crude Reaches 1.5-Month High
In our analysis of Brent crude oil six days ago, we identified a large contracting triangle and a local ascending channel. We also outlined a potential scenario involving a bullish breakout above the upper boundary of the triangle.
Although this was not the base-case scenario, the XBR/USD chart now suggests it has played out: yesterday, the price climbed to nearly $67 per barrel — its highest level since the end of April.
The main bullish catalyst appears to be ongoing trade talks between the United States and China, which have raised hopes of a resolution to tariff-related tensions between the world’s two largest economies.
At the same time, rising oil prices may exacerbate geopolitical tensions, particularly amid Israeli threats to strike ports in Yemen — a risk that could disrupt supply chains across the Middle East.
Technical Analysis of the XBR/USD Chart
From a technical perspective:
→ Brent crude continues to move within an ascending channel (marked in blue);
→ the upper boundary may now act as a support level.
The fact that the price is holding in the upper half of the channel indicates strong demand-side pressure. Based on this, it is reasonable to assume that as long as Brent remains above the $65.75 level (the retest zone of the breakout), the technical outlook will remain predominantly bullish.
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.
Hellena | Oil (4H): SHORT to support area of 58.00.Colleagues, the previous forecast did not meet expectations for too long, and the price has been in a prolonged sideways movement.
In this regard, I decided to slightly revise the waves and make a new forecast.
At the moment, I believe that the price will resume its downward movement in the medium-term wave “3.” The complex configuration of the correction makes it difficult to fully understand whether it is a combined correction or a five-wave movement.
In either case, I expect the price to reach the support area of 58.00.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Do You Smell That...Natural Gas Burning!Recent Trends: The Energy Information Administration (EIA) reported the seventh consecutive weekly gain in inventories since late April, indicating a steady buildup ahead of summer demand.
Regional Highlights:
East: 340 Bcf
Midwest: 396 Bcf
Mountain: 166 Bcf
Pacific: 199 Bcf
South Central: 658 Bcf
Next inventory report is June 12 2025
June 5 - 122B Build
May 29 - 101B build
May 22 - 120B Build
These last builds have come in higher than consensus andd price is still holding.
A weekly Bullish cross of the 7 / 20 MA is about to occur. This indicates high provability of higher prices on the next few months if this can hold above the key MA's.
WTI CRUDE OIL: Channel Down needing to fill its top. Bullish.WTI Crude Oil turned bullish on its 1D technical outlook (RSI = 62.137, MACD = 0.740, ADX = 26.844), having completed a very strong 1W candle last week. This is the continuation of the May 5th bottom rebound. All prior such rebounds have filled at least the 1W MA50, having touched the 0.618 Fibonacci retracement level. The 1W RSI LH trendline gives a good sense of where to sell, but since the 0.618 Fib is the guide, the target is TP = 71.15.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Crude oil breaks through strongly.On the daily chart of crude oil, the upper Bollinger Band is opening upward, and the 64.85 level is basically unable to hold. Once this level is broken, it will open up upward space, and the rally will just be beginning. After the breakout, the market will shift from the previous sustained oscillation to a strong unilateral trend, and the rally will at least continue with a wave of strength. Focus on going long at 63.50/64, or if there is a strong rally in the European session, pullbacks in the US session are also buying opportunities. Now it is about whether there will be a strong breakout.
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:
[email protected]
TP:65.5-66.0
Crude Oil Tests Monthly High—Bullish or Liquidity Grab? FenzoFx—Crude Oil broke above its previous monthly high at $64.61, trading around $65.27. While a bullish trend is indicated by a 23,000 increase in buy-side contracts, technical signals suggest caution.
RSI 14 shows bearish divergence, and the Stochastic Oscillator remains overbought. Oil could consolidate before resuming its uptrend. Buying breakouts isn’t advised. A dip toward $63.02 may offer a discounted entry.
$USOIL & $XLE: Sustainable bull run or short-term bounce?Recently the commodities and the commodity stocks are having a bull run. Oil being one of the largest categories within the Bloomberg Commodity Index Futures is late to the party after the AMEX:GLD rally. In my recent posts I made the case that the TVC:USOIL will remain range bound, and we will see 55 $ in $USOIL. But since then, TVC:USOIL has gone through a small rally with price currently @ 65 $ which has taken it closer to the 0.5 Fib retracement level. AMEX:XLE , which represents the S&P500 energy sector stocks, is also attempting to post a rally.
In the short-term markets have diverged from our last predictions. Let’s be honest in the short term such rallies might be accompanied by short covering and the weakness in TVC:DXY is also helping the Energy rally. But now the question comes where do we go from here?
TVC:USOIL and AMEX:XLE can have a bull rally due to short covering and momentum pushing it across the 0.5 Fib level. If TVC:USOIL breaks above 0.5 then the next stop 0.618 will take us 80 $ indicating a 25% upside form here. And a similar upside in the AMEX:XLE will take us 131 $, which is also 25% up from its current value and the upper range of the upward slopping channel indicative from the chart.
Verdict: Short term probable bounce in TVC:USOIL and $XLE. Long term bearish on TVC:USOIL with target 55 - 60 $.
USOIL Will Go Down From Resistance! Sell!
Here is our detailed technical review for USOIL.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 64.869.
The above observations make me that the market will inevitably achieve 63.448 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!