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
USOILSPOT trade ideas
USOIL:Wait 63.6-64 to go long
Affected by last week's data, crude oil directly broke through the short-term pressure 64, technical point of view of the daily track upward opening, 64.8 position basically can not hold, and once the break open the space for rise, the rise has just begun;
After breaking from the early continuous shock to a strong unilateral, the market will at least continue a wave of strength, pay attention to 63.6-64 range to do more, or the European market force to rise, the United States is also more, now is to see a strong break.
Trading Strategy:
BUY@63.6-64
TP: 65-65.2
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WTI Oil H1 | Falling toward a pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 63.76 which is a pullback support that aligns with the 23.6% Fibonacci retracement.
Stop loss is at 62.70 which is a level that lies underneath a swing-low support and the 38.2% Fibonacci retracement.
Take profit is at 65.44 which is a resistance that aligns with the 78.6% Fibonacci projection.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Analysis of Upward/Downward Trends in Monday's Opening MarketBoosted by the telephone conversation between leaders of the world's two largest economies, oil prices maintained their upward momentum on Friday. Brent crude stabilized at around $65 per barrel, notching its first weekly rebound since mid-May; WTI crude also held near $63. "Against the backdrop of gradually easing macro uncertainties, the risk of panic selling in the market has significantly diminished," analysts said. "With the arrival of the summer peak demand season and the superimposition of geopolitical tensions in the Middle East and Russia, the downside for oil prices has been notably constrained."
The recent steady rebound in oil prices indicates that the market has gradually digested macro uncertainties, though the underlying supporting factors remain fragile. While trade concerns have temporarily subsided, whether OPEC+ will continue to release capacity as expected by the market will be key to determining whether oil prices can sustain their rebound. Meanwhile, the options market reflects expectations of a year-end supply glut, which will test the coordination capabilities of oil-producing countries.
Overall, for next week's crude oil trading strategy, it is recommended to prioritize buying on dips and supplement with shorting on rebounds. In the short term, monitor resistance at the $66.0-$67.0 level, while short-term support lies at the $63.5-$62.5 level.
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@62.0-62.5
TP:64.5-65.0
WTICOUSD - BULLISH
Typical Wycoff
Break Re-Test
Slight Tap of FV Gap
Bullish Engulfing Candle
Usually signifies "In a Hurry".
Best Analysis i think was Perplexity Ai
Bullish Case for Oil
US Jobs Data: Stronger-than-expected US jobs numbers have pushed prices higher, with algos covering short bets
Geopolitical Risks: Ongoing tensions in Ukraine and Iran, plus Canadian wildfires, are supporting prices due to potential supply disruptions
OPEC+ Supply Increase Smaller Than Feared: OPEC+ is raising output, but by less than the market expected, which has helped limit downside pressure and even sparked price gains
Recent Price Action: Oil has rebounded to around $64–$65 (Brent) after several weeks of losses, suggesting some stabilization and potential for a technical bounce
Deep Ai
Probability of bullish continuation: 75/100
Technical s indicate a relatively high likelihood that the current bullish trend will continue toward the identified resistance zone above, provided no major fundamental shifts occur. However, caution remains due to potential pullbacks or consolidation near resistance levels.
This is the safest place to enter usually
Cost average in not stops they suck !
imho
Lets See : )
.
USOIL: Strong Bullish Sentiment! Long!
My dear friends,
Today we will analyse USOIL together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 64.706 will confirm the new direction upwards with the target being the next key level of 65.295. and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
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.
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USOIL Will Go Higher From Support! Buy!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 60.773.
Taking into consideration the structure & trend analysis, I believe that the market will reach 64.119 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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!
USOIL:The strategy of going short
USOIL: Same thinking, still maintain the short strategy. Friends with short orders at 63.3-63.5 continue to wait, can increase short orders near 63.8, the target is 62.5-62.3 unchanged
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Crude Oil (WTI) Daily Chart AnalysisCrude Oil (WTI) Daily Chart Analysis
Pattern Formed:
A Symmetrical Triangle formation is clearly visible.
Context:
The prior trend leading into the triangle was bearish.
Typically, in technical analysis, a triangle after a downtrend is considered a continuation pattern — meaning there is a higher probability that the price will break downward.
The triangle appears to have completed its 5-wave internal structure (ABCDE), a classical behavior of contracting triangles.
Breakout Expectation:
After a completed 5-wave triangle, a breakout is imminent.
Directional Bias: Since this triangle is forming after a strong downtrend, the higher probability is for a bearish breakout.
However, triangles can break either way, and when they do, the move is often impulsive.
Potential Scenarios:
Bearish Breakdown (High Probability):
A downside break would likely trigger a sharp fall.
Immediate support levels to watch post-breakout:
$60.00
$56.50
$46.75 (measured move — target derived from the height of the triangle projected downward)
Bullish Breakout (Low Probability but Possible):
In case of an upside breakout, resistance zones are:
$72.00 (supply zone + previous highs)
$78.00
Upside could see sharp momentum but is less likely unless there is strong fundamental support (e.g., geopolitical tensions, production cuts).
Volume Confirmation:
Volume typically contracts during triangle formation. Post-breakout, volume expansion is essential to confirm the breakout direction.
Indicators (Suggested Additional Confirmations):
Watch for RSI — if divergence forms, could signal weakness.
Monitor MACD for crossovers at breakout zones.
Summary
Triangle Completed: 5-wave structure inside the triangle — ready for breakout.
Bias: Bearish continuation pattern — higher probability of a downward move.
Trigger: Breakout of the triangle boundary with volume expansion will confirm the next move.
Targets (Post-Breakout):
Downside: $60 ➔ $56.5 ➔ $46.75
Upside (less probable): $72 ➔ $78
⚠️ Disclaimer:
This analysis is based purely on technical chart patterns and historical price action. Trading and investing involve substantial risk. Always perform your own due diligence or consult a financial advisor.
Crude Oil is Building Momentum for a BreakoutDuring the U.S. trading session on Thursday, international oil prices fluctuated higher, with U.S. crude oil currently trading near $63.55 per barrel. Despite the intraday volatility, international oil prices remain under downward pressure, primarily influenced by two key factors.
First, data from the U.S. Energy Information Administration (EIA) showed that as of last week, U.S. gasoline and distillate inventories increased more than expected, signaling weakening refined product demand in the world’s largest economy. This development has sparked investor concerns about whether the U.S. summer driving season can sustain demand growth, leading to a ~1% decline in oil prices on Wednesday.
The current crude oil market is caught between supply and demand headwinds:
Supply-side pressures: OPEC+’s production increase plan and Saudi Arabia’s strategic price cuts have created short-term bearish sentiment.
Demand-side uncertainties: The unexpected rise in U.S. refined product inventories has amplified market doubts about the vigor of global consumption recovery.
Additionally, the escalation of international trade frictions has further dampened risk appetite, exacerbating downward pressure on prices.
In the short term, oil prices are likely to continue oscillating within the $60–$65 per barrel range. Market participants should closely monitor U.S. macroeconomic data and OPEC+’s compliance with its production policies for directional cues.
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@61.5-62.0
TP:63.0-63.5
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!
US OIL LONG POSITION RESULT Oil had now formed a triple bottom pattern, and also holding the minor Support Trendline indicating signs for bullisd potential.
Price action did move in our direction, just couldn't break above the orange resistance zone, and then reversed and went straight down to our Sl (my bad though, Should've moved sl to entry price to make it safe).
Better Luck and TA next time.
US OIL LONG RESULT Oil price broke out of the falling expanding wedge, with some good volume in Confluence woth the double pattern (as at entry) and also holding the minor support Trendline I decided to open a long trade to the next supply zone.
Price did move in our direction, just dumped down to grab liquidity at the support again hitting our SL.
Was a B" setup so we'll move on.
WTI Oil H1 | Overlap support at 61.8% Fibonacci retracementWTI oil (USOIL) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 61.52 which is an overlap support that aligns close to the 61.8% Fibonacci retracement.
Stop loss is at 59.60 which is a level that lies underneath a multi-swing-low support.
Take profit is at 63.76 which is a multi-swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USCRUDEOIL - Up ChannelHi Traders,
We are following the price in the "Up Channel". I am not a wave trader but i do understand the concept. the ABC are just for drawing purposes not the exact science of it.
With that said, lets BUY CMCMARKETS:USCRUDEOIL
Price Action:
Price is moving within a clear ascending channel
Good Luck
Study, Study, Study Lorenzo Tarati
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.
USOIL:tay long
USOIL: The short-term objective trend is oscillating. In terms of momentum, the MACD indicator is above the zero axis, showing a top divergence, indicating that the upward momentum is weakening. In the first two trading days, the overall rhythm trend was alternating between primary and secondary, and it is expected that the intraday crude oil trend will still maintain the probability of shock upward, so maintain the long idea.
Trading can wait for the retracement after the long.
Trading Strategy:
BUY@62.8-63
TP: 63.8-64
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