SPOTCRUDE trade ideas
USOIL BEST PLACE TO SELL FROM|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 66.83
Target Level: 65.56
Stop Loss: 67.67
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 6h
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 remains supported on Russia sanctions threatIt is worth keeping an eye on the energy markets, given the recent bounce from a key support area around $65.00. With WTI moving back above the 200-day average at $68.00, this is an additional bullish sign from a technical standpoint. This level is now the first support to watch, followed by $67.00 and then that $65.00 key level.
Resistance comes in at $70.00 followed by $72.80.
From a macro point of view, President Trump’s decision to bring forward the deadline for Russia to agree to a ceasefire has ever so slightly heightened the prospect of secondary sanctions being imposed on foreign purchasers of Russian crude — namely China, India, and Turkey. There is a risk we could see a spike in oil prices, if fears of Russian supply being curtailed, intensifies. At the same time, fears about demand have receded with the announcement of a few trade deals by the US and recent economic data from Europe and the US both showing mild strength.
By Fawad Razaqzada, market analyst with FOREX.com.
WTI Crude Oil Daily Chart Analysis (symmetrical triangle)WTI Crude Oil Daily Chart Analysis
**Trend & Structure:**
* The chart displays a **symmetrical triangle** formation, signaling a **potential breakout setup**.
* Price is currently trading around **\$66.78**, gradually rising from its recent consolidation.
* **Higher lows** and **lower highs** indicate a tightening range, which usually precedes a sharp move.
**Support & Resistance:**
* **Support Zone:** Around **\$65.47–\$66.15**, marked by the 50 EMA and prior price reactions.
* **Resistance Levels:**
* **\$68.95** – Short-term resistance and previous peak.
* **\$72.81** – Strong horizontal resistance.
* **\$77.75–\$80.00** – Projected upper trendline zone of triangle.
**Moving Averages (Bullish Setup):**
* EMA 7: **\$66.15**
* EMA 21: **\$66.14**
* EMA 50: **\$65.47**
* All EMAs are aligned in bullish order (7 > 21 > 50), confirming **bullish momentum**.
**Volume Insight:**
* Volume remains relatively steady; a spike in volume with breakout from the triangle would confirm trend continuation.
**Trade Setup Suggestion (based on chart):**
* **Breakout Buy Idea:** If price breaks above **\$68.95–\$70**, potential upside to **\$77–\$80**.
* **Invalidation:** A break below **\$65** would invalidate the bullish structure.
**Conclusion:**
WTI crude oil is trading within a symmetrical triangle, supported by bullish EMAs and tightening price action. A breakout above \$69 could trigger a bullish rally toward \$77–\$80. Keep an eye on volume confirmation and geopolitical headlines that can impact oil fundamentals.
OIL - Likely development on the 4hr/daily scenarioThis looks like the likely scenario that will now develop on oil on the 4hr/daily timeframe.
In other words, we will look for an upside from now on first, back to the 0.618 re-tracement of the huge downside impulse that occurred in the last week of June.
So all buy setups we will be able to take until price hits the $72 area, then we will start looking for sells.
WTI Crude Oil Breaks Out of Symmetrical Triangle, $73-$76 ZoneThe WTI Crude Oil chart shows a strong breakout from the symmetrical triangle pattern that was forming for several weeks. Price has decisively broken above the descending resistance trendline and is now testing the $70–$71 area, which aligns with the 0.382 Fibonacci retracement level (around $70.27) and an important horizontal resistance ($71.03). This breakout indicates strong bullish momentum, supported by the recent series of higher lows and a sharp upward move in recent sessions.
If price sustains above $69.05 (previous breakout zone), we could see a bullish continuation towards $73.40 (0.118 Fibonacci) and potentially to $76.00–$76.50, which is the upper resistance block marked on the chart. However, if the price fails to hold above $69.00, there could be a pullback to retest the broken triangle resistance around $67–$68 before any next bullish leg.
Weekly Chart
The weekly chart of WTI Crude Oil is showing a long-term downtrend channel, where price has been consistently making lower highs and lower lows since mid-2023. Currently, oil is trading around $69.96, showing a sharp bullish push of 6.13% for the week. However, the price is still inside the broader descending channel, which keeps the long-term trend bearish unless a confirmed breakout occurs.
Key Resistance Levels:
- $70.27, $71.03, $73.43
Support Levels:
- $69.05 (previous breakout zone)
- $67.00–$68.00 (triangle retest area)
Trend Outlook:
- Short-Term: Bullish momentum; pullbacks likely to hold above $69.05.
- Medium-Term: If $71.85 breaks, price may target $76.00–$76.50 resistance.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
USOIL LONG FROM SUPPORT
USOIL SIGNAL
Trade Direction: long
Entry Level: 65.00
Target Level: 66.37
Stop Loss: 64.09
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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CRUDE OIL Bullish Continuation! Buy!
Hello,Traders!
CRUDE OIL made a rebound
From the support just as
I predicted and the price
Went further still and broke
The key horizontal level
Of 66.50$ and the breakout
Is confirmed so we are
Bullish biased and we will be
Expecting a further bullish
Move up!
Buy!
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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.
USOIL Analysis : MMC Bullish Setup Building on USOIL – Target🧠 Introduction & Trade Philosophy
In today’s 4H USOIL chart analysis, we are at a critical decision-making zone, where price action is preparing to make a major move in either direction, based on the response to a central demand zone. We are applying the MMC Rule, which emphasizes mirroring supply-demand behavior and validating market moves through structural confirmation.
The current price structure presents a classic MMC scenario, where price must either confirm a bullish double demand reaction or invalidate the setup by breaking the key zone and moving bearish.
📍 Chart Structure Explained
🔷 1. Central Reversal Zones (CRZs)
There are two CRZs highlighted:
The upper CRZ around 65.90–66.20, where price was previously rejected.
The lower CRZ, where price is currently consolidating, is around 64.80–65.50.
These zones are liquidity-rich areas where big players react—either by absorbing positions or driving directional moves.
🟢 2. Bullish Scenario – MMC Rule In Play (Path 1)
"If we want it bullish, we want 50% supply and demand will be double according to MMC Rule"
According to MMC, a bullish move must be confirmed by a strong reaction from demand, showing double the pressure of the last bearish move. Here's how that plays out:
Price respects the lower CRZ, bouncing near the 65.00 mark.
If this bounce gains momentum and breaks above the trendline resistance, the first target is the minor resistance at $69.00, followed by the major resistance zone near $70.50–$71.00.
A retest of broken structure, followed by bullish continuation, is expected. This is marked with the white zigzag projection labeled as “1” on the chart.
Watch for a clear higher high formation, which would indicate a shift in structure and validate bullish momentum.
🔻 3. Bearish Scenario – Breakdown Confirmation (Path 2)
"If it breaks, USOIL will go bearish"
If price fails to hold the current demand and closes below $64.80–64.50, it signals that demand has been absorbed, and MMC reversal has failed. In that case:
A clean breakdown below the demand zone will confirm bearish control.
The next downside target becomes $62.00, as labeled “2” on the chart.
The downward move is likely to follow a steep path as marked with the sharp downward trendline extension, especially if supported by volume and news catalysts.
🔄 Mirror Concept Highlight – Ellipse Area
The ellipse shape on the chart marks a previous compression zone followed by a breakout. This area represents an imbalance in supply that led to a sell-off. The MMC principle suggests the market tends to mirror these zones—if that was previous supply, and the current demand zone mirrors its positioning and structure, we can anticipate a similar reaction, but to the upside.
This is where the "50% double reaction" rule comes in—demand needs to show twice the strength to overcome the previous sell-side pressure.
🔧 Technical Levels Summary
Zone Type Price Range Notes
Major Resistance 70.50 – 71.00 Final target if bullish scenario plays out
Minor Resistance 68.80 – 69.20 First bullish checkpoint
Upper CRZ 65.90 – 66.20 Key structure to break for bulls
Lower CRZ (Support) 64.80 – 65.50 Demand base for bullish setup
Bearish Target Zone 62.00 – 61.80 Projected zone if support breaks
🧭 Trader’s Mindset & Risk Notes (MMC Style)
Wait for clear confirmation and price behavior near the CRZs before entering.
Use trendline breaks, candlestick confirmation, and volume to validate direction.
Avoid guessing the direction—let price tell the story.
Stick to MMC rules: No confirmation, no position.
✅ Bullish Criteria Checklist:
✔️ Price respects lower CRZ
✔️ Breakout above trendline
✔️ Closes above $66.20
✔️ Higher highs + strong bullish candles
✔️ MMC Double Demand Reaction Confirmed
❌ Bearish Breakdown Triggers:
❌ Breaks below $64.50
❌ Weak bounce + lower highs
❌ Volume increases on downside
❌ Clean breakdown structure
🚀 Trade Plan & Outlook
We’re now at a critical zone where market sentiment will soon be clear. Based on your MMC analysis, the bias remains bullish as long as price holds above $64.80. Be patient and let the setup complete with structure confirmation.
This is not just a technical play—it's a psychological zone, where institutional traders also make decisions. Follow the MMC logic and react with confirmation.
USOIL H4 | Potential bearish dropUSOIL has reacted off the sell entry which is a pullback resistance and could drop from this level to the take profit.
Sell entry is at 64.13, which is a pullback resistance.
Stop loss is at 67.06, which is a pullback resistance.
Take profit is at 60.05, which is a multi swing low support.
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CRUDE OIL Strong Downtrend! Sell!
Hello,Traders!
CRUDE OIL is trading in a
Downtrend and the price
Made a bearish breakout
Of the key horizontal level
Of 63.96$ and the breakout
Is confirmed so we will be
Expecting a further bearish
Move down on Monday!
Sell!
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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.
UPDATE ON THIS MORNING'S TRADEEarly in the morning, I posted a trade (Sell USOIL) in which we trargeted the LQ level which the market came closer to and didn't touch, which isn't a big deal.
As you can see on the chart, as I told my students during the LIVE TRADING SESSION they assisted, it's all about trade management.
On the screenshot on the left, we added another order at 50% lvl of the FVG, xhich the market respected at that moment before giving us a double bottom which is a sign to the change of the movement of the market.
For a safe closure of the trade, as you can see in the picture on the left, we waited for the market to break through the 5min LQ we have to close, and that's what exactly happened.
We'll wait for another trade to take later in the US session.
Follow for more!
Crude Oil (WTI / USOIL) Analysis:Crude oil is currently trading near a short-term support zone around $64.70.
🔻 Bearish Scenario:
If the price breaks below $64.00 and holds beneath it, we could see a decline toward $63.60 as the first target, followed by $62.00 as a secondary target.
🔺 Bullish Scenario:
On the other hand, if the price regains bullish momentum and breaks above $65.00, we may see a retest of the $66.70 area, and with continued buying pressure, a potential move toward $67.50.
⚠️ Disclaimer:
This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
OUR TRADE FOR THE DAYEarly today, I posted that we'll be waiting for the market to give us an entry after grabbing the liquidity, we did have it and caught it.
I didn't share it since it was given to my students.
As you can see on the chart, the market gave us a FVG after that it did grab the liquidity which we entered based on to target again the LQ level to close with a good margin.
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WTI Crude: Bulls on the Back FootWTI crude oil has found plenty of willing buyers beneath $65 per barrel recently, often acting as a launchpad for abrupt squeezes higher. But with supply gushing as OPEC+ returns 2.2 million barrels per day to market at a time when concerns about the U.S. economy are growing, whether that continues remains debatable—especially after the sharp $5-plus slide over the past week.
With the price closing at its lowest level since early June on Tuesday, traders should be alert to the risk of an extension of the bearish move.
Given how often the price has been bid up beneath $65, the inclination is not to act immediately if Tuesday’s lows are taken out. Instead, $63.70 is a level to watch, having acted as resistance through May and June. A break below there would create a cleaner setup for shorts, allowing positions to be initiated with a stop just above for protection. $62.00 saw some action earlier in the year, but $60 looks the more compelling downside target.
RSI (14) is beneath 50 while MACD is negative, having already crossed below the signal line—both hinting that selling rallies may work better than buying dips near term.
Of course, if the contract can’t break $65 meaningfully despite the bearish backdrop, the setup could be flipped, allowing for longs to be established above with a stop beneath, targeting either the 200-day moving average or $68.44 resistance.
Good luck!
DS