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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
TVC:USOILLong
by apextradingacadmey
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.
FX:USOILShort
by shiva560060
1
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
TVC:USOILLong
by Ashbur
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 ↓↓↓ More detailed strategies and trading will be notified here ↗↗↗ ↓↓↓ Keep updated, come to "get" ↗↗↗
TVC:USOILLong
by Boooob_
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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTIShort
by TradingShot
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
TVC:USOILLong
by TheodoreSilas
1
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
TVC:USOILShort
by Ashbur
Crude oil is moving upward again, testing 63 today 💡Message Strategy The Organization of the Petroleum Exporting Countries and its allies (OPEC+) met at their headquarters in Vienna on Wednesday to assess the current oil market situation. WTI crude oil prices climbed above $62 as OPEC+ said there would be no immediate change to current production policies. 📊Technical aspects From the daily chart level, the medium-term moving average system suppresses the rebound of oil prices, and the medium-term objective trend is downward. After the oil price hit the low point of 55.20, the frequent alternation of long and short positions formed, and the embryonic form of a falling flag relay appeared from the shape. Pay attention to the strength of the oil price testing the upper edge of the flag. It is expected that after the medium-term trend fluctuates, it will still rise to the 64 position. The short-term (1H) trend of crude oil fluctuates upward, and the oil price breaks through the 62.5 resistance level. The moving average system diverges and arranges upward, and the short-term objective trend direction is upward. In terms of momentum, the MACD indicator is above the zero axis and the golden cross opens upward, and the bullish momentum is sufficient. It is expected that the crude oil trend will continue to rise within the day. 💰 Strategy Package Long Position: 61.20-62.00
TVC:USOILLong
by TheodoreSilas
6
Market Analysis: WTI Crude Oil Price Could Gain Bullish PaceMarket Analysis: WTI Crude Oil Price Could Gain Bullish Pace WTI Crude Oil is gaining bullish momentum and might even test $62.75. Important Takeaways for WTI Crude Oil Price Analysis Today - WTI Crude Oil climbed above the $60.50 and $60.80 resistance levels. - There was a break above a key bearish trend line with resistance at $60.80 on the hourly chart of XTI/USD at FXOpen. WTI Crude Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price started a fresh upward move from $59.45 against the US Dollar. The price gained bullish momentum after it broke the $60.00 resistance. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $62.76 swing high to the $59.45 low. The price even climbed above the 50-hour simple moving average. Besides, there was a break above a key bearish trend line with resistance at $60.80. It tested the $61.50 resistance zone and the 61.8% Fib retracement level of the downward move from the $62.76 swing high to the $59.45 low. The RSI is now near the 50 level and the price could aim for more gains. If the price climbs higher again, it could face resistance near $62.00. The next major resistance is near the $62.75 level. Any more gains might send the price toward the $63.45 level or even $65.00. Conversely, the price might correct gains and test the $60.80 support level. The next major support on the WTI Crude Oil chart is near the $59.45 zone, below which the price could test the $58.00 zone. If there is a downside break, the price might decline toward $56.50. Any more losses may perhaps open the doors for a move toward the $55.50 support zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
1
WTI Oil H1 | Falling toward an overlap supportWTI 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 with the 38.2% Fibonacci retracement. Stop loss is at 59.60 which is a level that lies underneath a multi-swing-low support. Take profit is at 63.00 which is a 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.
TRADU:USOILLong
by Tradu
Crude oil settles before the breakoutCrude oil is losing volatility, having locked in a narrow trading range. Usually that deprives the market from a directional bias, but increases the odds of spikes and quick liquidity moves to the edges of the trading range and beyond with a possible mean-reversion activity followed after (as shown at the chart). Given the lack of driving narratives, it’s possible to observe quick breakouts to both sides of the current trading range and further slowing down. That opens some opportunities for day traders, but for swing and position traders, opportunities might be limited for now. Traders will monitor for the petroleum status report and stock changes for the oil on Wednesday (regular report from eia.gov). Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
TVC:USOILLong
by Stanislav_Bernukhov_Exness