Get started
WTI Oil SpotWTI Oil SpotWTI Oil Spot

WTI Oil Spot

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

USOILSPOT trade ideas

Heading into 61.8% Fibonacci resistance?WTI Oil (XTI/USD) is rising towards the pivot which is a pullback resistance and could drop to the 1st support. Pivot: 66.66 1st Support: 60.10 1st Resistance: 71.18 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:XTIUSDShort
by ICmarkets
1
USOUL:Go long near 65.5 USOIL:Crude oil broke through the watershed 64.85 after the emergence of strong unilateral bulls, daily cycle relying on short-term average to go even Yang form, rising space has opened, pay attention to the strong will continue at least a few trading days, short-term relying on 65 defense needs to be more, pay attention to 65.5 near the long, see 66.7-67 Trading Strategy: BUY@65.5 TP: 66.7-67 ↓↓↓ More detailed strategies and trading will be notified here ↗↗↗ ↓↓↓ Keep updated, come to "get" ↗↗↗
TVC:USOILLong
by Boooob_
Crude oil rose as expected 💡Message Strategy OPEC’s crude output increase in May was lower than required by the OPEC+ agreement, which had planned to increase production sharply last month. The five OPEC members that pledged to cut production in the OPEC+ agreement and are now gradually lifting the cuts had to increase production by a combined 310,000 barrels per day, but according to data from oil flow tracking companies and surveys of sources at OPEC, oil companies and consultancies, they only increased production by 180,000 barrels per day. This was because Iraq cut production to make up for a long period of overproduction, while Saudi Arabia and the UAE increased production by less than their target levels, the survey found. Saudi Arabia had the largest increase in May compared to April. According to the survey, OPEC's largest producer and de facto leader, as well as the leader of the OPEC+ alliance, increased production by 130,000 barrels per day. This is also one of the driving forces accelerating gold's rise 📊Technical aspects WTI crude oil prices finally extended their upward momentum. However, crude oil prices have risen as tensions in the US-China trade war ease and global oil demand recovers from tariff-related pressures. From the daily chart level, crude oil's medium-term trend is hovering around the moving average system, and the medium-term objective trend is mainly fluctuating and rising. Oil prices gradually rise to the upper edge of the range. From the perspective of momentum, the MACD indicator fast and slow lines cross the zero axis upward, and the bullish momentum begins to warm up. The K line closes with a small positive line continuously. If the oil price breaks through the range resistance in the later period, the medium-term trend is expected to further rise and test the 70 line The short-term (2H) trend of crude oil continued to rise. The oil price encountered resistance near 65.40, and the K-line crossed the moving average system, and the short-term objective upward trend changed. The second large real negative line formed the main rhythm. It is expected that the crude oil trend will further fall to around 64.50 during the day, and then restart the upward momentum. 💰 Strategy Package Long Position: 64.50-65.00，65.00-65.30
TVC:USOILLong
by TheodoreSilas
1
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.
TVC:USOILLong
by Al-Reshad
WTI CRUDE OIL: Channel Down needing to fill its top. Bullish.WTI Crude Oil turned bullish on its 1D technical outlook (RSI = 62.137, MACD = 0.740, ADX = 26.844), having completed a very strong 1W candle last week. This is the continuation of the May 5th bottom rebound. All prior such rebounds have filled at least the 1W MA50, having touched the 0.618 Fibonacci retracement level. The 1W RSI LH trendline gives a good sense of where to sell, but since the 0.618 Fib is the guide, the target is TP = 71.15. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
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. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILShort
by SignalProvider
1
USOIL: Downward Movement in Primary-Secondary AlternationUSOIL's short-term trend is moving downward in a primary-secondary alternating pattern. After hitting $66.2, the moving average system diverges downward, indicating an objectively downward short-term trend. In terms of momentum, the MACD indicator opens downward below the zero axis and coincides with bearish columns, suggesting abundant downward momentum. It is expected that the intraday crude oil trend will continue to fall and seek support below $64.5. USOIL sell@65-65.5 tp:64.5-64 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.
TVC:USOIL
by H_C_02
TRADE ALERT: USOIL SELL SETUP ENTRY: 64.50 (Sell)TRADE ALERT: USOIL SELL SETUP ENTRY: 64.50 (Sell) 🎯 Target 1: 64.00 🎯 Target 2: 63.00 🎯 Target 3: 62.00 🎯 Final Target: 60.00 🛑 STOP LOSS: Always use proper risk management! ⚠️ Risk no more than 1–2% of your capital per trade. 🔍 Setup based on technical analysis and price action. 💡 Breakdown: • Strong resistance near 64.50 • Bearish momentum building • Downtrend continuation likely 📊 Monitor volume and market sentiment 🧠 Stay disciplined, don’t chase entries ⏰ Timing is key — watch for confirmation 📅 Short to mid-term outlook 📌 This is not financial advice, just my trading plan. ✅ Stick to your rules 🔁 Trade the plan, not emotions #USOIL #CrudeOil #TradingSignals #SellSetup #Forex #Commodities #RiskManagement #TradeSmart #TechnicalAnalysis #PriceAction
TVC:USOILShort
by GoldTradersEdge
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.
PEPPERSTONE:SPOTCRUDELong
by artisticDog29915
$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 $.
TVC:USOIL
by RabishankarBiswal
USOIL Trade Setup: Watching for a Bullish Break After Pullback 📈 US OIL Trade Plan Currently, USOIL is in a strong bullish trend 🔥 — price action has pushed into overextended territory, which opens the door for a potential pullback 🌀. I'm watching for a WTI retracement into equilibrium, ideally aligning with the 50%–61.8% Fibonacci levels from the previous swing low to high 🔍📉. If price corrects into that zone and we find support, followed by a bullish break in market structure 💥 — that would be the confirmation I’m waiting for to consider a long position 🚀. ⚠️ Key Level to Watch: That structure break is the trigger — no confirmation, no trade 🧠. ⚠️ Disclaimer: This content is for educational and informational purposes only and should not be considered financial advice. Always conduct your own analysis and consult a professional before making trading decisions. Trade responsibly.
PEPPERSTONE:SPOTCRUDELong
by fxtraderanthony
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.
TVC:USOIL
by H_C_02
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.
TVC:USOIL
by H_C_02
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.
CFI:WTILong
by FenzoFxBroker
USOIL:Sharing of the Trading Strategy for Next WeekAll the trading signals this week have resulted in profits!!! Check it!!!👉👉👉 Fundamental Analysis: OPEC+ plans to increase production by 411K bpd in July, with major producers like Saudi Arabia and the UAE holding ample idle capacity. This expansion could exacerbate global crude oil oversupply, pressuring prices. Concurrently, the U.S. steel import tariff hikes may trigger trade frictions, dampening global economic recovery and curbing industrial crude demand. Technical Analysis: The MACD indicator shows expanding green bars (bearish momentum), with short-term moving averages trending toward a bearish crossover of long-term averages. However, recent price retracement from relative highs suggests potential rebound. Key resistance lies at the $66–67/barrel zone, while critical support holds at $61.5–62/barrel. Trading Recommendation: Aggressive traders may initiate light short positions near 66 on a confirmed resistance rejection. Trading Strategy: Sell@66-65.5 TP:63-62 Share accurate trading signals daily—transform your life starting now! 👇 👇 👇 Obtain signals👉👉👉
TVC:USOILShort
by MonicaLongman
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
TVC:USOILShort
by AnabelSignals
1
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.
BLACKBULL:WTILong
by MikeMM