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WTI Crude (OIL) / US DollarWTI Crude (OIL) / US DollarWTI Crude (OIL) / US Dollar

WTI Crude (OIL) / US Dollar

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WTI US OIL US Oil (WTI Crude) Price Context Price: WTI crude oil futures settled at approximately $68.66 per barrel close of friday. Prices rebounded after a prior decline, supported by strong summer travel demand, high refinery utilization, and supply management efforts by major producers like Russia and Saudi Arabia. Outlook: Despite near-term supply tightness, the International Energy Agency (IEA) and OPEC forecast a potential surplus later in 2025 and slower demand growth through 2026–2029, especially due to slower Chinese economic growth. The DXY measures the USD strength against a basket of major currencies and often moves inversely to commodities priced in USD like oil. When the DXY strengthens, oil prices can face downward pressure due to higher USD value making oil more expensive in other currencies. Conversely, a weaker DXY tends to support higher oil prices. Current Dynamics: If geopolitical risks or supply constraints push oil prices up, the USD may weaken as markets price in inflationary pressures. Conversely, if the USD strengthens due to safe-haven demand or monetary policy, oil prices may soften. #usoil
FOREXCOM:USOIL
by Shavyfxhub
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.
BLACKBULL:WTIShort
by ForexCSP
3
Crude oil rises slowly but falls quickly? 💡Message Strategy International oil prices continued to climb on Monday, but the gains were limited. Brent crude futures rose 8 cents to $70.44 a barrel, continuing Friday's 2.51% rise. U.S. WTI crude rose 5 cents to $68.50, having surged 2.82% the previous trading day. The main driving force behind this round of gains came from the market's expectation that the United States would further increase sanctions on Russia. U.S. President Trump said on Sunday that he would provide Ukraine with the Patriot air defense missile system and would make a "major statement" on the Russian issue on Monday. The contradiction between supply and demand is also intensifying. According to market surveys, Brent crude oil rose by 3% last week and WTI rose by 2.2%. The International Energy Agency (IEA) pointed out that although the market supply and demand appear to be balanced on the surface, the actual global oil supply may be tighter than expected due to the summer refining peak and rising electricity demand. 📊Technical aspects WTI crude oil continued its rebound from last week's low on the daily chart, and the current price is running at the downward support of $66.70, indicating that the short-term bullish power has increased. The MACD indicator shows a golden cross and initial volume, and the momentum column begins to turn positive, indicating that the price is expected to challenge the previous high area (69.50-70.20 US dollars). The short-term (1H) trend of crude oil is highly repetitive, and the oil price is supported at the lower edge of the wide range and rises again. The short-term objective trend direction is upward within the range. The bullish momentum is sufficient. 💰Strategy Package Long Position:65.50-66.50，SL：64.00，Target:69.00-70.00
TVC:USOILLong
by TheodoreSilas
break above 6866.1 may push prices toward the second resistance break above 6866.1 may push prices toward the second resistance at 6911.3 (TP2). Confirmation of bullish continuation would occur if price closes above 6981.0 on a 4H or daily chart. Volume and momentum indicators should be monitored near 6866–6911 to assess breakout strength. This trade setup offers a favorable risk-reward ratio with a tight SL at 6522 and layered targets. Ideal buy entries can be placed between 6630–6660, as this range shows price stability and potential reversal signs. Traders should stay alert for fundamental news (inventory reports, geopolitical events) that could accelerate momentum past resistance levels is currently trading at 6648.3, positioning itself within an attractive short-term buy zone. This level sits just above strong support at 6522, which acts as the logical stop-loss (SL) zone. The price action suggests bullish potential as it forms a base near the support level. Immediate resistance lies at 6866.1, which could be the first profit target (TP1).
FOREXCOM:USOILLong
by Ali_Explorer
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!
TVC:USOILShort
by Stanislav_Bernukhov_Exness
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.
ICMARKETS:XTIUSDLong
by ICmarkets
(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 --- 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.
TVC:USOILLong
by RSI_Trading_point
11
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.
TVC:USOILShort
by melikatrader94
11
Falling towards pullback support?WTI Oil (XTI/USD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 63.73 1st Support: 56.03 1st Resistance: 71.20 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.
ICMARKETS:XTIUSDLong
by ICmarkets
CRUDE OIL (WTI): Move Up Ahead! Last week, I already shared a bullish setup on WTI Crude Oil on a daily time frame. I see a strong intraday bullish confirmation today. After a test of an underlined blue support area, the price went up strongly and violated a resistance line of a bullish flag pattern on a 4H time frame. The market is going to rise more. Goal - 68.2 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
FX:USOILLong
by VasilyTrader
1
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.
TVC:USOILLong
by Solidwealth
WTI Crude Oil Analysis – 4-Hour TimeframeWTI Crude Oil Analysis – 4-Hour Timeframe At the moment, the price is trading below a key resistance zone (marked in red), which has previously triggered multiple pullbacks. The current price behavior near this area reflects market hesitation to break through this level. 🔴 Bullish Scenario: If the price manages to break above this resistance zone and holds above it, we can expect the upward movement to continue toward higher resistance levels. This move may unfold in a step-by-step trend, accompanied by intermediate pullbacks. The next resistance zones could act as potential targets for the bullish wave. 🔴 Bearish Scenario: If the price reacts negatively to the current resistance area and fails to break through, a bearish correction may follow. In this case, the nearby short-term support levels could be the first targets for sellers. If those supports are also broken, the likelihood of a deeper decline and continuation of the downward trend increases.
CFI:WTI
by esmaeilesmaeilzade_fx
Crude oil awaits upward breakthrough 💡Message Strategy Inventory data provides short-term support, but it is difficult to change the trend Although oil prices are under pressure overall, inventory data released by the U.S. Energy Information Administration (EIA) show that as of last week, U.S. gasoline and distillate inventories have dropped significantly, while gasoline consumption has increased by 6% month-on-month to 9.2 million barrels per day, indicating that the summer driving peak has brought short-term positive factors. In addition, global aviation demand has also become an important variable to boost market sentiment. JPMorgan Chase pointed out in a client report: "In the first eight days of July, the global daily number of flights reached an average of 107,600, a record high, among which aviation activities in Asian countries have recovered to the peak in nearly five months." The bank also expects that the average daily global crude oil demand growth this year will be 970,000 barrels, which is basically consistent with its forecast of 1 million barrels at the beginning of the year, indicating that although the consumption end is under pressure, it has not yet experienced a cliff-like decline. 📊Technical aspects The short-term (4H) trend of crude oil breaks through the upper resistance of the range and runs in an upward trend. The moving average system is arranged in a bullish pattern, and the short-term objective trend direction is upward. The MACD indicator opens upward above the zero axis, and the bullish momentum is sufficient. The oil price fluctuates in a narrow range, and it is expected that the crude oil will continue to rise. In terms of operation, crude oil is mainly long at a low level. If it rises to the target point, the direction will be selected according to the pattern and continued attention will be paid. 💰Strategy Package Long Position:65.50-66.50，SL：64.00，Target:69.00-70.00
TVC:USOILLong
by TheodoreSilas
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. ——————————— WISH YOU ALL LUCK
TVC:USOILShort
by AnabelSignals
1
Crude oil rebounds after a correction!International oil prices continued to climb on Monday, though the gains were limited. Brent crude futures rose 8 cents to $70.44 per barrel, extending Friday's 2.51% rally. U.S. WTI crude edged up 5 cents to $68.50 per barrel, after surging 2.82% in the previous trading session. The primary driver behind the current upward move stems from market expectations of further escalation in U.S. sanctions against Russia. U.S. President Trump stated on Sunday that he would provide Ukraine with the "Patriot" air defense missile system and deliver a "major announcement" on Russia-related issues on Monday. "Trump is dissatisfied with the Russian President's failure to advance the peace process, a stance exacerbated by Russia's continued bombing of Ukrainian cities in recent days. In the short term (1-hour timeframe), crude oil has shown high volatility, with prices finding support at the lower edge of the wide trading range and moving higher again. The objective short-term trend direction is upward within the range, with sufficient bullish momentum. However, given the high probability of recent erratic price swings, there is a greater likelihood that intraday crude oil prices will encounter resistance at the upper edge of the range and pull back. you are currently struggling with losses，or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results.
FX:USOILLong
by MyronWilson
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!
FOREXCOM:USOILShort
by ProfessorSingapore
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.
TRADENATION:WTI
by TradeNation