Crude Oil Under Pressure: Production Hike Sparks Bearish Outlook
Following the recent OPEC+ decision to increase oil production by 547,000 barrels per day in September, prices have started to slide-just as anticipated . This surge in supply is reversing years of output cuts and is already weighing heavily on market sentiment.
Technical Setup
• Price action is sh
WTI quick update. Will we see that 65-dollar break?After OPEC+ meeting, where a promise was made to increase production in September, WTI continues to slide. Let's dig in.
MARKETSCOM:OIL
TVC:USOIL
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Crude Oil: Bulls vs. Bears — A Market at the Edge
Here’s what we’re seeing from the latest CME block trade data & CME report:
🐻 Confirmed & Detailed Bearish Sentiment
Big players are actively hedging and betting on a drop.
Block trades are targeting key downside levels:
$62.50 , $55.00 , and even as low as $45.00 .
This isn’t noise — it’s instit
Could we see the WTI oil bears getting pleased any time soon?The technical picture of MARKETSCOM:OIL is showing a possible bearish flag formation, which may lead WTI oil to some lower areas. Is that the case? Let's dig in.
NYMEX:CL1!
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75.2% of retail investor accounts lose money when tradin
OIL fell sharply, opportunity for upside target of 70$OIL fell sharply and has now been in a contraction for a while, I am taking it into account for a potential breakout, as it shows tightening price action, which reflects market indecision.
Price action has now coiled into a symmetrical triangle, this is often a classic continuation or reversal patte
OIL Price Forecast – Bearish Outlook OIL Price Forecast – Bearish Outlook
Oil prices have entered a consolidation phase, showing contracted price action—a classic sign of market indecision or a build-up before the next move.
This range-bound behaviour typically precedes a breakout or breakdown.
Given recent global supply-demand dyn
LCrude Oil: Bearish Pressure as Brazil Emerges as an Energy PHLCrude Oil: Bearish Pressure as Brazil Emerges as an Energy Powerhouse
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LCrude (Ticker AT:Lcrude), which replicates the West Texas Intermediate (WTI) futures contract, has been one of the most volatile assets in 2025. It faces mounting pressure from a growin
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Displays a symbol's price movements over previous years to identify recurring trends.