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USOILSPOT trade ideas

Is oil price heading back up? Watching a potential inverse head and shoulders forming on the 30-minute chart for Oil. 🔹 Risk/Reward: 2.7 🔹 Entry: 63.290 🔹 Stop Loss: 63.043 🔹 Take Profit 1 (50%): 63.93 🔹 Take Profit 2 (50%): 64.21 A couple of key factors still need to align before I pull the trigger: • One will confirm around 14:45 SAST (GMT+2) • Looking for lower volume on the right shoulder compared to the left What do you think? Is oil ready to push higher? Drop your thoughts or how you trade inverse head and shoulders below! 👇
CAPITALCOM:OIL_CRUDEShort
by GTradingMethod
Crude oil under pressure as geopolitical talks developCrude oil confirms the bearish trend, having pressured from intermediate-term peak. The fair price, according to the STEO forecast, stays at around $60 and that level might be perceived as a target area for the current price swing. Geopolitical agenda adds more pressure on oil, as Steve Witkoff, the special negotiator from Donald Trump’s team, has visited Moscow and had a positive effect from talks with Vladimir Putin. Next week, markets will look forward to potential three-sided talks between Ukraine, Russia and the US. This situation adds more pressure to the already bearish Crude oil market. One may think of cautious short positions in the direction of a price swing, closing it before “the news”. Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
TVC:USOILShort
by Stanislav_Bernukhov_Exness
WTI Crude Oil (USOIL) Technical Analysis:WTI is currently trading near the $65.90 support zone after a strong break below $67.00, indicating increased downside risk if no buying interest appears. 🔹 Bearish Scenario: If the price breaks below $65.00 and holds, the next support target may be around $62.00. 🔹 Bullish Scenario: If the price recovers and breaks above $67.00, it could move to retest $69.50, and if bullish momentum continues, potentially extend to $70.50. ⚠️ Disclaimer: This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
TVC:USOIL
by Fadi_radar
How long can the decline in US crude oil prices last? 💡Message Strategy On Monday (August 4) during the Asia-Europe session, WTI fell for three consecutive days, with a drop of 1.16% today, trading around 66.55. OPEC+'s decision to increase production, coupled with geopolitical and economic policies, has jointly formed the expectation that oil prices will be "weak and volatile, dominated by downward pressure." Short-Term: Increased Supply Drives Price Decline OPEC+'s decision to increase production directly led to further declines in oil prices on Monday (Brent crude fell 0.28% to $69.23/barrel, and WTI fell 0.46% to $67.01/barrel), extending Friday's decline. Market expectations of oversupply reinforced bearish sentiment, particularly as the UAE's additional production increase (accounting for 2.4% of global demand) further amplified the signal of easing supply. However, India's announcement to continue purchasing Russian crude oil partially offset the impact, limiting the price decline and failing to shift the short-term downward trend. Medium-Term: Supply-Demand and Policy Risks Intertwine On the Supply Side: OPEC+'s production increase plan may be paused after September, as Goldman Sachs anticipates accelerated OECD inventory accumulation and fading seasonal demand support. However, if US shale oil production is forced to cut production at break-even points due to low oil prices, OPEC+ may adjust its strategy and even consider further releasing the remaining 1.66 million barrels/day of production capacity, which would continue to suppress oil prices. Long-Term: Market Share Competition and Structural Overcapacity OPEC+'s production increase strategy aims to reshape the global oil landscape by squeezing out high-cost producers, such as US shale oil, through low prices. Due to rising equipment costs driven by tariffs and low oil prices, US shale oil companies have cut capital expenditures, resulting in a decline in the number of active drilling rigs and a slowdown in production growth. This strategic game is likely to keep oil prices in a low range for a long time, with significant long-term downward pressure. Unity within OPEC+ and coordination between Saudi Arabia and the UAE will be key to policy implementation. 📊Technical aspects Crude oil's short-term (1H) trend has reversed downward from its highs. The moving averages are diverging and aligning downward, indicating a downward trend in the short term. The K-line chart has continued to close with small real bodies, and the MACD indicator is about to form a golden cross near the zero axis, signaling weakening downward momentum and a bullish bias on pullbacks. Crude oil is expected to remain weak and downward today, with a potential correction near $65.00.
TVC:USOILLong
by TheodoreSilas
WTI: downside potentialHi traders and investors! This analysis is based on the Initiative Analysis concept (IA). Weekly timeframe A buyer initiative is tentatively developing, yet the strongest buyer candle (highest volume) produced no follow-through. It was followed by two buyer candles on weak volume. Last week volume expanded again and clustered around 69.975, showing that sellers are still defending this level. Weekly seller targets: 65.628 and 64.378. Daily timeframe Sellers remain in control. The chart clearly shows volume manipulation around 69.975. Daily seller targets: 65.628 and 64.736. Wishing you profitable trades!
OANDA:WTICOUSD
by AlexeyWolf
Crude Oil (WTI / USOIL) Analysis:Crude oil is currently trading near a short-term resistance area at $64.00, while the overall trend remains bearish. 🔻 Bearish Scenario: If the price breaks below $63.25 and holds beneath it, we could see a move toward the $62.00 support level. 🔺 Bullish Scenario: If the price regains strength and breaks above $64.00, it may retest the $65.00 level. With continued bullish momentum, it could reach as high as $66.30. ⚠️ Disclaimer: This analysis is not financial advice. It is recommended to monitor the markets and carefully analyze the data before making any investment decisions.
TVC:USOIL
by Fadi_radar
Crude Oil Analysis (WTI / USOIL):Crude oil is currently trading near a key resistance area around $66.30. 🔻 Bearish Scenario: A break and close below $65.50 may lead to a decline toward the next major support at $64.50. 🔺 Bullish Scenario: If the price breaks back above $66.35 and holds, we may see a retest of the $66.90 zone. 📈 Continued bullish momentum could drive the price 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.
TVC:USOILLong
by Fadi_radar
USOIL declines on possibility of geopolitical stabilityUSOIL declines on possibility of geopolitical stability Crude oil and gasoline prices fell August 6 after an early rally, as Trump announced "great progress" in U.S.-Russia talks to end the Ukraine war, reducing fears of new sanctions on Russian energy exports. Additionally, OPEC+’s planned 547,000 bpd production increase for September further pressured prices amid concerns of a global oil supply glut. Technically, USOIL broke crucial local support at 6,500.00. Currently, the price is retesting this level. The decline towards 6,300.00 is expected in short-term.
FOREXCOM:USOILShort
by ProfessorSingapore
USOIL WTIWest Texas Intermediate (WTI) oil is a major benchmark for crude oil pricing, known for its high quality—being both light and sweet due to its low sulfur content and low density. WTI is sourced primarily from inland Texas and is the underlying commodity for oil futures traded on the New York Mercantile Exchange (NYMEX). The main physical delivery point is Cushing, Oklahoma, a critical U.S. oil storage and trading hub. Current Price (as of August 1, 2025) WTI crude oil is trading around $69.15–$69.36 per barrel. Recently, WTI prices have seen volatility due to global economic factors, including U.S. tariffs, OPEC+ production, and shifts in oil demand. Despite a small decline on the day, oil prices have posted their strongest weekly performance since June, rising over 6% for the week. Market and Outlook Recent price movement reflects concerns about global trade tensions, new tariffs, and their impact on economic growth and energy demand. At the same time, supply risks remain due to geopolitical factors such as potential sanctions on Russian oil and U.S.-China trade developments. Analyst forecasts for the remainder of 2025 suggest continued volatility, with WTI potentially ranging between $56 and $73 per barrel, influenced by demand, OPEC+ decisions, and geopolitical events. Quick Facts Table Feature Detail Type Light, sweet crude Benchmark NYMEX (U.S.), major global reference Main Delivery Point Cushing, Oklahoma Latest Price (Aug 1, 2025) $69.15–$69.36 per barrel Typical Drivers U.S. tariffs, OPEC+ decisions, trade policy, supply risks, global demand WTI oil plays a central role in global energy markets, serving as a benchmark for North American and international oil pricing. Its price reflects both supply fundamentals and broader macroeconomic and geopolitical developments. #OIL #WTI
FX:USOIL
by Shavyfxhub
Crude Oil’s $70 Surge Still Faces 3-Year Channel ResistanceAlthough news points to a crude oil price surge, technical analysis indicates price cap risks remain within the borders of a 3-year descending channel. Should a clear hold emerge above the $70 barrier, the bullish rebound in price action from the $64.40 zone, in line with the weekly RSI’s rebound off the neutral 50 zone, may extend toward the channel’s upper boundary at $72.40, $74.40, and $77 in more extreme scenarios. A confirmed hold above the $77–78 zone may shift the primary trend away from bearish dominance and pave the way for longer-term bullish forecasts. On the downside, if a price drop results in a clean break below the $64 barrier, downside risks may extend toward the mid-zone of the long-standing channel, with potential support levels at $63.20, $61.80, and $59.70, respectively. Written by Razan Hilal, CMT
FOREXCOM:USOIL
by FOREXcom
1
USOIL IS GOING BULLISH. FOR HOW LONG?USOIL IS GOING BULLISH. FOR HOW LONG? Brent has started this week with a strong bullish momentum and holds near 6-week high on supply fears. President Trump announced plans to impose tariffs on Indian exports and penalize its Russian oil imports. In a parallel move, the US introduced its most extensive sanctions on Iran in seven years. The United States has even offered its oil to the world in exchange for Iranian and Russian oil, but there is evidence that the US production capacity is now at historic highs and is unlikely to grow in the near future. However, technically oil shows us bearish divergence on RSI and bearish wedge here. The price may reverse towards 6,900.00 as a first target. EIA data showed US crude inventories jumped by 7.7 million barrels last week—the largest increase in six months and defying forecasts for a decline. Market participants are waiting for the OPEC+ meeting this week, expecting a significant output hike.
FOREXCOM:USOILLong
by ProfessorSingapore
Oil Prices Form Bearish Head & Shoulders – Key Neckline in FocusWTI crude oil is showing a clear Head and Shoulders (H&S) pattern, which is a strong bearish reversal signal. The left shoulder formed in early July, followed by a higher peak forming the head in mid-July, and finally the right shoulder near the current levels, which is lower than the head. The neckline is positioned around $66.00, acting as a key support level. Currently, the price is trading at $67.34, hovering slightly above this neckline, indicating that the market is at a critical decision point. A confirmed break below the neckline could accelerate bearish momentum, targeting the $62.20 – $62.80 zone based on the pattern’s measured move. However, if the neckline holds, a possible bounce toward $68.50 – $69.00 could occur, but overall bias remains bearish unless the price can break and sustain above $69.00. Key Price Levels: - Resistance: $68.50 – $69.00 - Neckline Support: $66.00 - Bearish Target (if confirmed): $62.20 – $62.80 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!
ICMARKETS:XTIUSDShort
by SibiSh
6
Crude oil starts to rise, are you ready? 💡Message Strategy Oil prices continued their upward trend amid rising geopolitical risks. US President Trump recently issued a tough statement, demanding Russia end the conflict with Ukraine within 10 to 12 days or face secondary sanctions. Fears that Russian crude oil exports might be disrupted pushed Brent crude oil prices close to $70 per barrel, marking their largest single-day gain in two weeks at 2.3%. Meanwhile, US West Texas Intermediate (WTI) crude oil prices also remained stable around $67. The intertwined uncertainties of geopolitics and trade policy have complicated market sentiment. Besides the situation between Russia and Ukraine, investors are closely watching the August 1st trade policy deadline set by the United States and the upcoming OPEC+ meeting in early August, which will determine its September crude oil production increase plan. The industry generally expects that despite tight crude oil inventories in some parts of the world and strong peak season consumption in the Northern Hemisphere, if OPEC+ continues to increase production, oversupply pressure will gradually emerge by the end of the year. 📊Technical aspects From a technical perspective, the daily chart of US crude oil (WTI) shows a modest upward trend. The current price is trading steadily above its 100-day moving average, indicating continued bullish momentum. The Relative Strength Index (RSI) remains between 55 and 60, remaining within overbought territory, suggesting further upside potential. A successful break above the key resistance level of $68.50 would open up opportunities towards $70. 💰Strategy Package Long Position:66.50-67.00，SL：65.50，Target:68.50-69.00
TVC:USOILLong
by TheodoreSilas
1