Daily bullish expectations of crude oilDouble bottom structure,
breaking through the neckline.
The bull's first target looks at 74.
USOIL trade ideas
The rollover of crude oil contracts leads to price differences.Crude oil is currently in the contract rollover phase, and prices may vary between different brokers. For specific trading strategies, you can contact me directly, and I will provide you with accurate trading strategies accordingly.
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
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.
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USOIL🛢️ USOIL (WTI Crude Oil) – Technical Outlook & Forecast
Current Price: $64.55
Bias: Bullish Only
Forecast Levels: $82.00 → $85.00 → $90.00+
🔍 Market Overview:
Crude oil (USOIL) is currently trading around $64.55, showing early signs of a potential bullish reversal from multi-month lows. Despite recent volatility and macroeconomic uncertainties, the technical structure indicates the formation of a solid accumulation base, potentially preparing for a significant upward move.
📈 Technical Perspective:
Price Action: Oil is attempting to reclaim key support zones that have held historically during large-scale recoveries.
Momentum: Oscillators (like RSI/MACD) may be turning up from oversold territory (subject to chart confirmation), further supporting the bullish scenario.
Volume Profile: Accumulation at lower levels hints at smart money interest around the $60–$65 zone.
🎯 Bullish Targets:
$82.00 – Psychological and technical resistance
$85.00 – Previous swing high / Fib extension zone
$90.00+ – Medium-term projection if momentum sustains
🧭 Conclusion:
The bias for USOIL remains bullish only while the $60–$62 zone holds firm as support. Breakout above near-term resistances could open the way for a strong move toward $82, $85, and even $90+. Keep an eye on macro events and inventory data for short-term volatility.
🟢 Trade Setup Idea (For Reference Only):
Long bias above $64–$65 support zone, targeting $82–$90 over the coming weeks/months. Use proper risk management.
USOIL – Reclaiming the Energy Narrative | WaverVanir Macro Rever📉 Chart Thesis:
After nearly three years of structural decline from the $129 peak, crude oil (USOIL) is approaching a confluence zone of historic Fibonacci support ($56–$60) and a multi-year descending trendline.
This zone may mark the bottom of a long-term accumulation phase.
🧠 Strategic Perspective (WaverVanir View):
“It’s time to take back our resource. Not just politically—but economically, institutionally, and structurally.”
WaverVanir International LLC sees this setup as a rare macro pivot. This isn’t about short-term fluctuations—it’s about the global realignment of resource value in a world where:
Central banks are overleveraged
Strategic petroleum reserves are drawn down
War premium is mispriced
Real assets are undervalued
📊 Key Levels:
Support Zone: $56.04 (historical institutional buy zone)
Breakout Trigger: Trendline above $67.00
Target 1: $101.35 (0.786 Fib)
Target 2: $129.42 (1.0 Fib)
Target 3: $160.58 (1.236 Fib projection)
⚠️ Risk Disclosure:
We are not yet capitalized but actively building a legally compliant funding vehicle. No capital is currently allocated. This post is part of our vision publication cycle to build trust and transparency in WaverVanir’s thesis.
📌 Follow WaverVanir International LLC for conviction-based macro trade ideas at the intersection of data science, price action, and risk strategy.
#USOIL #MacroTrading #Commodities #WaverVanir #TradingView #QuantMacro #EnergyRevolution #FibonacciAnalysis #MarketStructure #EmergingFund
WTI OIL Might be close to the end of correction or finished it.there are definetly more than 1 posibilities in this one, 1 more down wave can occur and that is why i have a invalidation level. long term definetly buy but short and mid term is just not very clear, i am thinking it s time to buy. what i am going to do is keep track of it a bit more in short term and if it gives me good buying opportunity near the below i will enter the trade with a stop loss. and if it upbrakes possible impulse wave will occur and i will buy again to mid term target. so for now keep an eye on it and buy if the opportunity arise.
$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 $.
Possible "W Pattern" Initiation After Breaking Through $64.5USOIL surged strongly last Friday, closing with a large bullish candle on the daily chart. Since the sharp decline on April 4th, the $64.5 level has acted as resistance on the chart. The price remained capped at $64.5 for four consecutive trading days (Monday to Thursday) last week, but Friday’s strong bullish candle successfully broke above $64.5, signaling a valid breakout. This breakout suggests the formation of a potential W-bottom pattern, paving the way for further upward movement. Crude oil is expected to continue rising to new highs in today's trading.
USOIL
buy@63.5-64
tp:64.7-65.2
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
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:
buy@63.5-64.0
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.
Textbook Falling Wedge & Wyckoff Accumulation Brewing?Analysis:
Looking at the daily chart for Crude Oil, we appear to be seeing a very compelling confluence of bullish technical signals that suggest a potential significant reversal to the upside.
Textbook Falling Wedge Formation:
Price action is clearly consolidating within a well-defined falling wedge pattern.
We have observed multiple clear touches (3+ on the upper, 4+ on the lower trendline), indicating these boundaries are highly respected by the market.
Crucially, volume has been declining as price consolidates within the wedge, a classic characteristic signifying diminishing selling pressure.
The angles of convergence also appear ideal, with the upper trendline being steeper than the lower.
Wyckoff Accumulation Schematic #1 in Play?
Diving deeper, the internal structure of this falling wedge strongly resembles Wyckoff's Accumulation Schematic #1.
We can identify potential phases:
PS (Preliminary Support): Early signs of buying.
SC (Selling Climax): A sharp sell-off often with high volume, marking potential capitulation.
AR (Automatic Rally): The first significant bounce after the SC.
ST (Secondary Test): Retesting the lows of the SC.
Spring: A key event where price dips below the established trading range support (or the wedge's lower trendline) only to quickly reverse back above it, effectively trapping sellers and confirming a shakeout of weak hands.
This internal Wyckoff structure within the falling wedge significantly strengthens the case for institutional accumulation taking place.
Bullish Candlestick & Oscillator Confluence:
At the recent lows, we observed a potential Piercing Line bullish reversal candlestick pattern forming right at the lower trendline of the wedge. This indicates aggressive buying stepping in.
The MACD indicator has confirmed this bullish shift, showing a recent bullish crossover (MACD line above Signal line) and a flip of the histogram from red to green.
Furthermore, there appears to be a bullish divergence on the MACD – as price made lower lows within the wedge, the MACD indicator made higher lows (or showed increasing bullish momentum), suggesting underlying bearish momentum is weakening significantly.
Market Sentiment & Potential Implications:
It's noteworthy that this bullish technical setup is occurring amidst increased bearish media and Twitter sentiment surrounding oil. From a contrarian perspective, extreme bearish sentiment often coincides with market bottoms, as "smart money" accumulates positions while the crowd is most pessimistic. This situation could set the stage for a strong reversal, potentially fueled by short covering.
Conclusion:
All signs from price action, volume, candlestick patterns, and oscillators point towards a high probability of a bullish reversal and an upside breakout from this well-formed falling wedge. The potential Wyckoff accumulation pattern adds significant weight to the idea that sophisticated players are positioning for a significant move higher.
What to Watch For:
The next critical step is a decisive breakout above the upper trendline of the falling wedge, ideally accompanied by a significant surge in buying volume. This would confirm the pattern's completion and signal the potential start of a new uptrend. A more aggressive approach is entering now and capturing more upside if it is to occur.
This is for educational purposes only and not financial advice. Always conduct your own research and manage your risk.
USOIL What Next? SELL!
My dear friends,
USOIL looks like it will make a good move, and here are the details:
The market is trading on 64.73 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 63.36
Recommended Stop Loss - 65.42
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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
Could the price bounce from here?WTI Oil (WTI/USD) is falling towards the pivot, which has been identified as an overlap support and could bounce to the 1st resistance, which is a pullback resistance.
Pivot: 62.36
1st Support: 61.81
1st Resistance: 63.24
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.
USOILThe correlation between USOIL (WTI crude oil prices) and DXY (US Dollar Index) has historically been inverse, but structural shifts in global energy markets and economic dynamics are altering this relationship.
Oil is globally traded in USD. A stronger dollar makes oil more expensive for buyers using other currencies, potentially dampening demand and lowering oil prices. Conversely, a weaker dollar makes oil cheaper, boosting demand and prices.
Trade Balance Impact:
Historically, the U.S. was a net oil importer. Rising oil prices worsened its trade deficit, weakening the dollar. This reinforced the inverse correlation.
Recent Structural Shifts
U.S. as a Net Oil Exporter:
Since becoming the world’s largest crude oil producer (surpassing Saudi Arabia and Russia), higher oil prices now improve the U.S. trade balance by boosting export revenue. This has weakened the traditional inverse relationship
Geopolitical risks: Oil supply fears and safe-haven dollar demand can push both higher.
Federal Reserve Policy:
Hawkish monetary policies that strengthen the dollar can suppress oil prices, but if paired with strong U.S. growth (supporting oil demand), the correlation may turn neutral or positive.
Positive correlations may persist during risk-off events or U.S.-centric demand surges.
Inverse correlations likely resurface if global growth slows or the Fed pivots dovish.
The U.S. dollar may increasingly behave like a "petrocurrency," strengthening with oil prices as exports grow.
#usoil
USOIL: Short Signal Explained
USOIL
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell USOIL
Entry - 64.73
Stop - 66.13
Take - 62.38
Our Risk - 1%
Start protection of your profits from lower levels
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USOIL Will Go Up! Long!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 61.359.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 64.395 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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!
Crude oil pullback bullish trend
💡Message Strategy
Saudi price cuts and OPEC+ supply adjustments affect market sentiment
Crude oil came under pressure in the middle of the week after Saudi Arabia cut its July sales price to Asia to the lowest level in nearly two months. This follows OPEC+'s decision to increase production by 411,000 barrels per day in July, indicating that major oil producers are still prioritizing market share even amid volatile demand signals. This coordinated move by Saudi Arabia and Russia is seen as an attempt to constrain overproducers and strengthen control over global supply dynamics.
Refineries drive crude stock draw, but fuel demand lacks
Weekly data from the U.S. Energy Information Administration (EIA) delivered mixed messages. U.S. crude stockpiles fell by 4.3 million barrels to 436.1 million barrels, driven by a sharp increase in refinery runs, exceeding expectations. Utilization rose to 93.4%, indicating that refineries are preparing for a seasonal peak in demand. Adding to the bullish signal from the crude stock draw.
📊Technical aspects
On the technical side, the daily chart of WTI crude oil shows that oil prices have been under pressure for three consecutive trading days and are currently trading above the 20-day and 50-day moving averages, reflecting the dominance of short-term bullish sentiment. The MACD indicator shows a dead cross and the momentum column is enlarged, indicating that the upward trend is still continuing.
In the previous post, we have pointed out that the upward target and trend of crude oil have been reached. The main theme of crude oil in the future will still be a bullish correction.
💰 Strategy Package
Long Position: 62.50-63.00
OIL short termAfter yesterday rally today price must back down to first target 61.8-62 then to 61 and maybe we go lower to close GAP.
WTI CRUDE OIL: Going for a LH rejection. Sell signal.WTI Crude Oil is practically neutral on its 1D technical outlook (RSI = 55.991, MACD = 0.160, ADX = 24.748) as it's on the 3rd straight day of flat consolidation on the 1D MA50. The last time it did this was on April 2nd, which resulted in a LH rejection to the S1 level. As the presence of the R1 level (64.90) is just above, we expect the market to get rejected and aim for the S1 again (TP = 56.00).
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USOIL SELL SIGNAL Entry Point: 62.60USOIL SELL SIGNAL
Entry Point: 62.60
🎯 Target 1: 62.00
🎯 Target 2: 61.00
🎯 Final Target: 60.00
⚠️ Risk Management Matters!
– Always set a stop-loss
– Never risk more than 1–2% per trade
– Stick to your strategy, not emotions
📊 Technical Outlook:
– Resistance zone near 62.60
– Bearish pressure increasing
– Potential trend reversal forming
✅ Lock profits step by step
✅ Use trailing stops when in profit
✅ Avoid overtrading or revenge trading
📌 Stay consistent and patient
📌 The goal is longevity, not luck
📌 Trust your analysis – not the noise
📢 For educational purposes only – trade responsibly!
Potential bearish drop?WTI Oil (XTI/USD) has rejected off the pivot and could drop to the 1st support.
Pivot: 63.35
1st Support: 59.48
1st Resistance: 6.25
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.
Potential bearish drop?USO/USD has reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 64.42
Why we like it:
There is a pullback resistance level.
Stop loss: 66.35
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci projection.
Take profit: 56.94
Why we like it:
There is an overlap support level.
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USOIL SHORT TRADE SETUP Entry: 62.75USOIL SHORT TRADE SETUP
Entry: 62.75
🔹 Direction: Sell / Short
🎯 Target Levels:
1️⃣ First Target: 62.00
2️⃣ Second Target: 61.00
3️⃣ Final Target: 60.00
🛡️ Risk Management:
✅ Position size according to your account size
✅ Use stop loss based on personal strategy
✅ Protect capital first – always
📊 Rationale:
Expecting bearish continuation below 63.00
Price facing resistance at higher levels
Downtrend pressure remains intact
⚠️ Disclaimer:
This is not financial advice
Trade at your own risk
Always do your own analysis
Stick to your trading plan
📈 Stay disciplined – patience pays!
