Maintain high-level volatility.In early trading on Wednesday in the Asian market, international oil prices fell slightly, mainly affected by the easing of supply-demand balance and the drag on the global economic outlook from trade concerns. Brent crude oil futures fell 0.1% to $65.58 per barrel, while U.S. WTI crude oil fell 0.1% to $63.32. This decline came after both rose about 2% in the previous trading day, hitting two-week highs. Tuesday's rally was driven by two main factors: first, large-scale wildfires in Canada since early May, which caused thousands of people to evacuate and disrupted part of crude oil production; second, markets expected Asian countries to reject the nuclear agreement draft proposed by the United States, thereby maintaining sanctions on the major oil-producing country and reducing crude oil supply. The current international oil market is in a game of multiple forces. On the one hand, geopolitical factors and natural disasters have increased short-term supply risks; on the other hand, OPEC+ production expansion and trade concerns have constrained the sustainability of price rebounds. In the absence of clear policy directions and confirmation from inventory data, oil prices may remain volatile at high levels.
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: epeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
buy@62.0-62.5
TP:63.5-64.0
USOILSPOT trade ideas
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!
Crude oil is about to end its shock outbreak
💡Message Strategy
International oil prices rose in early Asian trading on Tuesday, mainly due to rising risks of supply disruptions. Iran is expected to reject a nuclear deal proposal from the United States, which would have paved the way for easing sanctions on Iranian oil exports.
In addition, wildfires in Alberta, Canada, also caused some oil and gas production to be suspended, exacerbating market concerns about supply.
Brent crude rose 0.86% to $65.20 a barrel; U.S. West Texas Intermediate rose 0.75% to $63.00. This continued the previous trading day's nearly 3% increase.
Geopolitical tensions also added to market concerns. The ongoing conflict between Russia and Ukraine has increased uncertainty in the global supply chain and geopolitical risk premiums.
Oil prices were also supported by OPEC+'s slowing production increase. The Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided at a meeting last week to increase production by only a small 411,000 barrels per day in July, the same as in the previous two months and lower than the large increase some market participants had expected.
International market conditions have a great impact on crude oil trends. Currently, various reasons have indicated an upward trend in crude oil, paving the way for the upcoming rising market.
📊Technical aspects
Technical analysis shows that the daily chart of US crude oil (WTI) is strong and still has room for upward movement in the short term. After the current WTI crude oil price stabilized at the integer mark of $61, it closed positively for several consecutive days, showing an obvious upward channel pattern.
In terms of technical indicators, the MACD fast and slow lines have formed a golden cross, and the kinetic energy column continues to expand, indicating that the bulls are strengthening; the RSI is near 65, not entering the overbought range, but showing good upward momentum.
In addition, the 5-day and 10-day moving averages continue to diverge upward after the golden cross, supporting the oil price trend. If the oil price can effectively break through the resistance level of $63.50, it is expected to challenge the previous high of $65.80;
💰 Strategy Package
Long Position: 62.00-62.50
USOIL BEARS ARE GAINING STRENGTH|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 63.56
Target Level: 56.12
Stop Loss: 68.51
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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 - Long - WWIIIUkraine just bombed Russia's fighter jets in which Zelensky call a well coordinated plan that took one years since month to carry out. Russia being the third largest oil producer is likely to defend their most important resource oil companies which might limit oil production in the short term. However Russia is likely going to respond with equal force if not more which will then disrupt trades routes therefore cutting oil global supply. A shock supply will lead to higher oil prices. Technical analysis also supports these thesis by current prices being above moving averages however a pullback before prices ascend is imminent.
Summary
If entry 1 is triggered and hits target 1 then you can take a second entry( Entry2).
Entry 1 or Current = Target 1 or Target 2
Entry 2 = Target 2
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Foreign Capital
'If you Know, you Know."
WTI Crude Oil sideways consolidation capped at 6360Trend: The sentiment remains bearish, in line with the prevailing downward trend.
Recent Movement: Price is currently in a sideways consolidation, suggesting indecision near short-term lows.
Key Levels
Resistance:
6360 – Key resistance and prior consolidation zone.
Above that: 6440, then 6530 – Next upside targets if breakout occurs.
Support:
6020 – Initial downside target.
Below that: 5940, then 5820 – Deeper support levels if bearish momentum resumes.
Trading Scenarios
Bearish Continuation:
A rally to 6360 followed by rejection could lead to a drop toward 6020, 5940, and 5820.
Bullish Breakout:
A daily close above 6360 would negate the bearish setup and open the path for a recovery toward 6440, then 6530.
Conclusion
WTI Crude Oil remains under bearish pressure, but is currently range-bound. A rejection at 6360 would confirm downside continuation. A breakout above that level would shift bias to bullish, targeting higher resistance zones. Watch 6360 as the key pivot.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
WTI Crude Returns to $63Over the past two trading sessions, WTI crude oil has gained more than 5%, as confidence has temporarily returned to the market following the latest OPEC+ announcements. The organization recently announced a new production increase of 411,000 barrels per day starting in July, but the volume was lower than anticipated, which has been interpreted as a positive signal for short-term price behavior. This has helped sustain a consistent bullish bias in recent sessions.
Bearish Trend Remains Intact
Since early January, crude oil has followed a steady bearish trend. Currently, the price is approaching the resistance marked by the trendline, and if buying pressure holds in the short term, the bearish formation could come under threat in the upcoming trading sessions.
MACD
At the moment, the MACD histogram shows slight oscillations above the neutral line (0), but it has not yet indicated a decisive market impulse. As a result, a strong sense of short-term neutrality persists, as the price approaches key resistance levels.
RSI
The Relative Strength Index (RSI) is showing a similar pattern: the line is starting to rise, but it is flattening out, which could be weakening the current buying momentum and signaling a possible sideways movement in the short term.
Key Levels to Watch:
$63 – Current Barrier: Aligns with the bearish trendline and could be where price indecision intensifies, leading to continued consolidation.
$57 – Major Support: A recent low. If the price returns to this level, it could reactivate the bearish trend and lead to a deeper sell-off.
$68 – Key Resistance: Located around the 200-period moving average. A breakout above this level could mark the beginning of a new long-term bullish trend.
Written by Julian Pineda, CFA – Market Analyst
CRUDE OIL TO HIT $160?!Oil prices broke down lower in the past few weeks, after a much needed LQ grab, following a 2 year consolidation. We’ve seen a ‘5 Wave Complex Correction’, which should now be followed by price recovery.
Wait for buyers to BREAK ABOVE our ‘buying confirmation’ level, followed a by a retest before buying, otherwise leave it❗️
USOIL LETS MAKE OIL GREAT AGAIN TO 80$HELLO TRADERS
As i can see USOIL it formaing H & S pattrent and now trading above a strong Weekly horizontal Support zone if prices hold above 65$ then given Tp can be easy target if we see a higher demand and tight supply with the War going on around the world its a huge possibilty that pricce can shoot up we have to monitor the 65$ price zone which is importat to hold bull cycle on smaller TF 4HR it is creating Wickoff pattren too and we can see Fibo levels golden ratio can hit our targers or risk reward is great for us becaus we was buying the dip in May it is just starting chart is crystal clear its just a trade idea share your thoughts we appriciate ur comments and support Stay tuned for more updates
Crude Oil (WTI) - Cup and Handle PatternCrude Oil (WTI) - Cup and Handle Pattern Breakdown
Chart Overview:
The chart displays a clearly formed Cup and Handle Pattern — a classic technical formation often followed by aggressive moves.
Cup Formation: Smooth rounding bottom showing accumulation phase, with resistance near $66.5.
Handle Formation: Slight pullback consolidating below resistance, typical before a breakdown.
Technical Interpretation:
The Cup and Handle pattern is typically considered a bullish continuation pattern. However, in this case, the price has failed to break above the resistance, suggesting a bearish reversal.
Bearish Breakdown Expected: Instead of breaking out to the upside, price action suggests a breakdown — making the Cup and Handle act as a reversal pattern.
Targets:
First Target:
56.50 USD
This level aligns with the measured move technique where the depth of the cup is projected downward from the breakdown point.
Second Target:
46.75 USD
This target is based on further extension, likely a Fibonacci projection or the full cup depth extension in bearish scenario.
Key Observations:
Pattern Completion: The handle part has completed and price is hesitating near the neckline.
Volume Confirmation: (Assumed from typical setups) — Breakdown from the handle zone usually needs a surge in volume to confirm the bearish move.
Trend Structure: Lower highs and lower lows forming after the peak of the handle indicate growing selling pressure.
Measured Move Logic:
The height of the Cup (from the bottom to resistance) is projected downward.
Extension projections justify the second target of 46.75 USD.
Risk Factors:
Watch for any false breakdown — if price reverses and reclaims above the handle resistance (~66.5 USD), the pattern would be invalidated.
Macroeconomic news (OPEC meetings, inventory data, geopolitical tensions) can impact Crude Oil prices unpredictably.
Summary:
Pattern: Cup & Handle (Bearish Reversal)
Breakdown Expectation: Strong, impulsive.
Immediate Target: 56.50 USD
Extended Target: 46.75 USD
Invalidation: Close above 66.50 USD.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Trading in crude oil or any commodity involves significant risk and you should consult your financial advisor before making trading decisions.
Crude oil surges stronglyInternational oil prices rose in early Asian trading on Tuesday, primarily driven by heightened risks of supply disruptions. Iran is expected to reject a U.S.-proposed nuclear deal proposal that could have paved the way for easing sanctions on Iranian oil exports. Additionally, wildfires in Alberta, Canada, have suspended part of oil and gas production, exacerbating market concerns about supply. Brent crude rose 0.85% to $65.18 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 0.75% to $62.97, extending a nearly 3% rally from the previous session.
The current oil price surge reflects the effect (superimposition) of multiple factors, including geopolitical uncertainties and sudden natural disasters. Notably, the market’s reaction to the OPEC+ production increase strategy highlights its high sensitivity to supply-side control. The Iran and Canada incidents have further underscored the short-term vulnerability of the global oil market. If U.S.-Iran negotiations completely collapse or wildfires continue to spread, oil prices may sustain their upward momentum.
Technically, the K-line chart has repeatedly formed bullish candlesticks with long lower shadows and small real bodies, indicating strong buying support at lower levels. Short-term intraday crude oil is expected to retain further upside potential.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
buy@62.0-62.5
TP:63.5-64.0
CRUDE OIL Swing Short! Sell!
Hello,Traders!
USOIL keeps growing
And Oil is locally overbought
So after the price hit a very
Strong resistance level
Around 65.00$ we will be
Expecting a pullback and
A local bearish correction
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.
USOIL:Go long
Crude oil prices rose due to ongoing tariff uncertainty as well as ongoing geopolitical tensions in the Middle East.
From the chart, the K line has repeatedly appeared long lower shadow small solid positive line, indicating that the lower buying long support is strong. Expected intraday crude oil short - term trend still exists a wave of upward space.
Trading Strategy:
BUY@62.5-62.6
TP: 63.5-64
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XTIUSD Bearish FVG SELLING STRONG🔍 TVC:USOIL Analysis – Bearish FVG Fill in Play
📉 Entry Triggered on Breakdown at 62.00
🎯 Technical Target:
60.00 – 1H Demand Zone in Focus
🕐 Time Frame: 1 Hour
📊 Expecting potential reaction at the 60.00 level as price taps into demand. Watching for bullish confirmations or continuation lower.
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WTI OIL The perfect scalping Rectangle.WTI Oil (USOIL) has been trading within a 3-week Rectangle pattern since the May 13th High and yesterday it got rejected on its top. This is a technical sell signal, with it natural target being the bottom of the pattern at $60.70.
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
The first crude oil target was reached perfectly
💡Message Strategy
Last Friday (May 31), oil prices fell slightly as traders generally expected OPEC+ to "play a big trick" - increasing production in July to more than 500,000 barrels per day.
Potential risks: The supply and demand game is not over
OPEC+'s production increase plan still faces implementation difficulties. Countries such as Kazakhstan have previously refused to cut production, and the actual production capacity of some member countries (such as Nigeria and Angola) is close to the upper limit. If global demand declines due to expectations of economic recession, OPEC+'s "moderate production increase" may evolve into "passive inventory accumulation", thereby suppressing medium- and long-term oil prices.
Short-term supply concerns: Russia is the world's second largest crude oil exporter. If its military facilities are frequently attacked, it may affect the stability of its energy infrastructure.
"Extreme pressure" before negotiations: The attack occurred on the eve of the ceasefire negotiations between Russia and Ukraine. Ukraine tried to increase its bargaining chips through military actions. If the negotiations fail, Western sanctions against Russia may be increased, further disrupting crude oil trade flows.
Risk premium returns: Geopolitical conflicts have always been a "fuel" for oil prices. When the war between Russia and Ukraine broke out in 2022, Brent crude oil once surged to $139 per barrel. Although the current supply and demand environment is different, the market's sensitivity to emergencies remains.
📊Technical aspects
Crude oil fluctuated in a range last week, with a minimum of 59.8 and a maximum of 63. The weekly line closed at 60.7. The weekly line shows that oil prices are in an upward channel and there is a rebound. The focus is on whether 64 can be broken through. The daily line shows a large range of fluctuations. In summary, this week's operation ideas are mainly based on callbacks and longs. First look at the 63-61-58 range. In the day, the four-hour line is range-oscillated. First look at 4 on the top. The hourly line is oscillating upward. Today's big rise has come to our first target position, rising to the 63 line. From the shape, there is still room for growth. In summary, the intraday operation ideas are mainly oscillating upward, and the focus is on 61 and 60 below.
💰 Strategy Package
Long Position: 61.50-62.00
There remains a risk of further downside for crude oil prices.During Monday's US trading session, international oil prices rebounded strongly. The main US crude contract surged 2.5% at one point to $62.31 per barrel, while the August Brent crude futures also rose more than 2% to $64.12 per barrel. Two key drivers underlie this rally: OPEC+'s maintenance of a "modest production increase" strategy at its weekend meeting, and Ukraine's surprise attack on a Russian military airfield. The crude oil market is currently in a dual game of "policy and geopolitics": OPEC+ seeks to balance the market with "modest production increases," while Ukraine's raid serves as a reminder that black swans are never far away.
Short-term Outlook:
US oil prices may remain range-bound between $60-$64 per barrel.
However, if the Russia-Ukraine conflict deteriorates or internal rifts within OPEC+ deepen, a new round of violent volatility (sharp rallies or crashes) cannot be ruled out.
Technical Analysis:
Early trading saw oil prices consolidate in a narrow range near $61, reflecting a secondary rhythm.
The MACD indicator is bearishly diverging below the zero axis with strong bearish momentum, suggesting a risk of continued downward movement in crude oil prices during the session.
Trading Strategy:
sell@63.5-64.0
TP:61.6-62.0