Oil weekly bear flagPresetly: seeing a weekly bear flag spotted on oil
Expecting: next weekly candle to be continuation red candle
USCRUDEOILCFD trade ideas
$USOIL: Will we see breakout or breakdown from this wedge? I have been watching the Commodity markets recently keenly to get direction or for market indications. AMEX:GLD , Copper and TVC:USOIL are the big 3 which determines the direction of commodity markets and hence the inflation. Inflation dictates direction of TVC:US10Y , TVC:DXY and hence the Equity markets. So, what are commodity markets telling us? With AMEX:GLD and OANDA:XCUUSD at ATH what does this mean for TVC:USOIL : TVC:USOIL Is in a bearish pattern and no sign of concrete bullish reversal on the commodity. Recently it has shown some signs of strength but still below its 0.5 Fib retracement level which is at 68 and we have time and again said that 0.318 Fib level at 80 $ might prove to be an upper resistance which will be difficult to breakout.
In the recent months whenever TVC:USOIL tries to break out of the 60 RSI sellers came back and pushed the prices down. Currently with RSI at 50 we might have some room for upside. Oil bulls can have a 20% upside in the RSI taking it to 60 which has historically proved to be a resistance. And a 20% upside in price is also possible with price hitting our 0.318 resistance level of 80%. Above that there is limited upside for $USOIL. The downward slopping wedge shown below indicates a breakout might be imminent which might take TVC:USOIL to 80 $ which is our highest target in this range bound market.
In contrast the bull run in other important commodities like AMEX:GLD and COPPER might have some legs as they are showing strength by breaking above the previous ATH. It is always a good idea to buy strength and ATH.
Verdict: TVC:USOIL remains range bound with 55 $ on lower bound and 80 on the upper bound. Commodity bulls can look at AMEX:GLD and OANDA:XCUUSD for better returns.
USOILBroke below strong daily support zone for about two months but came back above and looks to have retested the zone properly. Minor H4/H1 resistance around 66.70 that needs to be broken before possibly moving higher.
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:
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.
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.
❤️Please, support my work with like, thank you!❤️
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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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 – From Conflict to StrategyBack on April 24, I marked a short zone. On June 11, price broke above that level, giving a long opportunity — which I took.
Unfortunately, it coincided with the tragic military strike by Israel on Iran, pushing oil sharply higher. I’ve pinned that analysis.
Following the ceasefire, price dropped again — just a reminder that geopolitics can shake the charts.
As traders, we stay prepared to act, even while acknowledging the deep sadness of lives lost.
Now I wait for price to reach my marked level again. If I get a valid signal, I’ll short.
But if price breaks and holds above, I’ll buy the pullback — with no bias, just pure execution.
Risk-managed. Emotion-neutral. Opportunity-focused.
USOIL: Historic Full CyclesResearch Notes
Documenting historic examples of fractal loops for future references and research.
Fractal full cycles
70's; 80's; 90's
Late 90's & Early 00's
00's
10's
10's & 20's
USOIL Will Collapse! SELL!
My dear subscribers,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 68.66 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 67.95
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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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WISH YOU ALL LUCK
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
Your likes and support are what keep me motivated to share these analyses consistently.
Huge thanks to everyone who shows love and appreciation! 🙏
USOIL: Local Bearish Bias! Short!
My dear friends,
Today we will analyse USOIL together☺️
The market is at an inflection zone and price has now reached an area around 68.669 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 67.925..Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
USOIL - Bearish Double TOPHello Traders !
The USOIL failed to create a new higher high.
The price formed a double top pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
________________
TARGET: 64.970🎯
USOIL long WTI crude oil is approaching strong support around $71, with oversold technicals and stabilizing demand outlook. Geopolitical tensions in the Middle East and potential U.S.–Iran friction may limit downside. A long position targets a rebound from this key level.
Elliot...
USOIL Will Go Lower! Short!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 66.917.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 62.519 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.
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Does someone knows something that we don't?It seems to me we are getting in an accumulation phase on oil. Is there another war rally on the horizon or something else!? They can manipulate price but they can't manipulate volume that easily. Notice that every time price rises, volume rises with it and when price falls, volume decreases with it. My bet would be buying bellow the last lows, where a sea of stop loss rests, before ripping up the page.
US OIL LONG POSITION After the very strong dump in Oil from the major resistance Trendline and zone, but also held and showed signs of rejection from the DTF Support.
I decided to open a Long Position and it's still running, so we'll see how long it can run.
XTIUSD* Bullish Trend after consolidation box break.
* Bullish flag pattern is formed.
* Entry will be taken at the break of the pole.
* Stoploss is below the last HL.
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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OIL IDEA /30 06 25So we are looking for this Short position, but first we need a better Premium position
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
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TRADING IDEA - US CRUDE OIL - BEARISH FLAG, CONCERNS ON GLOBAL EFOREXCOM:USOIL
The US Crude Oil prices went down yesterday, mostly because of the tariffs and concerns on demand.
Here is what the Bloomberg is writing: " OPEC+ is discussing a pause in its oil production increases from October is fueling concerns about a slowdown in global energy demand. In addition, the intensification of US tariffs risks slowing global economic growth and energy demand after President Trump ramped up tariffs on numerous countries this week, including a 50% tariff on Brazil."
So, despite the pause in oil production increase, which is supposed to be bullish factor the oil prices, we may see the slowdown in global economy and supposedly a recession because of Trump's tariffs. This is a long-term bearish factor for the oil. I think that we will see another bearish impulse here, according to what we observe on the chart.
There is a nice bearish flag and i am planning to short it with a target nearby 6,540.00 support level.
🔽 a pending sell stop order at 6615.3 with
❌a stop loss at 6680.9 and
🤑a take profit at 6544.0
Trade cautiously! Preserve your deposits!
