WTI OIL Strong long-term rebound incoming.Over a month ago (September 17, see chart below), we gave a strong Sell Signal on WTI Oil (USOIL) as the price was again rejected on its 1W MA50 (blue trend-line) and was headed towards the inner Higher Lows trend-line, easily hitting our $59.50 Target in the process:
Yet again we consult the more reliable long-term time-frames, now making a bullish call as the price is already rebounding this week on the Higher Lows. Given also the identical 1W RSI pattern with 2023, we expect a bounce towards at least the 0.618 Fibonacci retracement level at $69.50, same as the December 2023 - March 2024 rally.
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Crude Oil Futures WTI (CL1!)
WTI OIL hit the Channel Down bottom. Buy Signal.WTI Oil (USOIL) has been trading within a Channel Down since the July 30 High and today it hit its bottom (Lower Lows trend-line). The decline from the recent Lower High was around -13%, similar to the previous Bearish Leg.
When that bottomed (Lower Low), it rebounded towards its 1D MA50 (blue trend-line) and peaked (Lower High) marginally above the 0.5 Fibonacci retracement level. As a result, we expect a new Bullish Leg to start now, with our Target at $62.00.
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WTI OIL Megaphone bottomed but 4H MA50 gives the signal.WTI Oil (USOIL) has been trading within a Megaphone pattern since the August 18 Low and last Thursday made its latest Lower Low. The 4H RSI instantly rebounded along with the price, after turning oversold (<30.00).
This is technically the start of the pattern's new Bullish Leg. The last one confirmed its start after the price broke above the 4H MA50 (blue trend-line). If it does again, we will take it as a buy signal, targeting the 1.618 Fibonacci at $64.45.
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Macro Recap & Crude Oil Trade SetupNYMEX:CL1! NYMEX:MCL1!
Markets Overview
Markets have largely shrugged off the U.S. government shutdown, with major indices pressing to fresh all-time highs. While the headline optimism continues, it’s important to note that over one million federal employees remain furloughed, leading to delays in key economic data releases and potential short-term distortions in macro readings.
Despite the Atlanta Fed GDPNow model projecting stronger growth, underlying household dynamics suggest stress ahead. Lower-income consumers, already contending with tighter credit and depleted savings, are likely to see further deterioration in spending and sentiment, which may weigh on Q4 consumption trends.
Market Positioning & Flows
While equities appear to be in a new leg of the bull market, positioning data suggests this may not be entirely organic. According to publicly available data many hedge funds continue to under-perform the S&P 500, forcing catch-up buying after missing the April lows. This dynamic may also be contributing to the current momentum-driven equity strength, even as macro headwinds persist.
Metals Performance
Precious metals have been standout performers year-to-date, reflecting declining real yields and persistent inflation hedging flows:
• Gold: +42.46% YTD
• Silver: +56.88% YTD
• Platinum: +71.29% YTD
(Source: Finviz YTD Futures Performance)
This rally underscores a broader rotation toward real assets, consistent with expectations of lower real interest rates and a weaker U.S. dollar trajectory.
Crude Oil Technical & Trade Setup
Crude oil prices reached $66.42 in September before retracing lower. The recent OPEC+ announcement of additional voluntary cut unwinding at a pace of 137 kbpd for November adds a modest supply-side loosening.
From a technical perspective, price action has bounced at the yearly Volume Profile’s Value Area Low (VAL), a key area of structural support.
Current positioning shows:
• Price trading below Q2 VAL
• Price trading above yearly VAL (yVAL)
Scenario 1: Long on Reclaim of Q2 VAL
• Setup: Watch for crude to confirm acceptance back above the Q2 VAL as a support level.
• Trigger: Long entry on confirmation of acceptance above VAL.
• Target:
o First target: 2025 mid-range at $62.97
o Secondary target: Yearly open at $65.17
Scenario 2 : Long on Deeper Retest
• Setup: Should price reject Q2 VAL, patience is warranted.
• Entry Zone: Wait for price to move lower toward yVAL and March 2025 low confluence.
• Target: Return move toward 2025 mid-range ($62.97).
Despite near-term noise from policy uncertainty and supply adjustments, the broader technical structure favors accumulation on weakness rather than chasing momentum.
Crude remains range-bound but biased for upside stabilization into Q4, supported by resilient demand and disciplined OPEC+ management.
WTI OIL Channel Up bottom buy signalWTI Crude Oil (USOIL) has almost touched the bottom (Higher Lows trend-line) of its September Channel Up, following a strong rejection (Bearish Led) just below the 1D MA200 (orange trend-line).
With the 4H RSI entering its medium-term Buy Zone, we have a strong short-term buy signal at our hands. Our Target is $66.50, expecting a 1D MA200 test, below the 1.1 Fibonacci extension, below which the previous Higher High was priced.
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Q4 2025 Oil Market Outlook: WTI and Brent Crude Analysis**September 27, 2025**
## **Executive Summary**
As the global energy landscape enters the final quarter of 2025, the oil market remains delicately balanced between oversupply pressures and persistent geopolitical risks. West Texas Intermediate (WTI) and Brent Crude—two of the world’s most closely watched benchmarks—are trading in a narrow range, reflecting cautious sentiment among traders and investors. This report provides a comprehensive analysis of current market dynamics, evaluates key drivers, and offers a professional forecast for Q4 2025.
---
## **Current Market Snapshot**
- **WTI Crude (as of September 26, 2025):** $65.37/bbl
- **Brent Crude:** $69.72/bbl
- **YTD Performance:** WTI down ~14.8% from 2022; Brent down ~12.3%
Both benchmarks have shown resilience in recent weeks, supported by seasonal demand and inventory drawdowns, but face headwinds from rising global supply and economic uncertainty.
---
## **Fundamental Drivers**
### **1. Supply-Side Dynamics**
- **OPEC+ Production Increases:** OPEC+ has announced a phased increase of 547,000 barrels per day starting in September , with further adjustments planned for October. This marks the final unwinding of the 2.2 million bpd voluntary cuts initiated in late 2023.
- **Non-OPEC+ Output Growth:** U.S. production remains robust at 13.4 million bpd, with additional supply from Canada and Guyana contributing to a projected global surplus of 1.5% in Q4 .
### **2. Demand Outlook**
- **Global Demand Growth:** Forecasted to slow to ~1.1 million bpd in 2025, down from 1.8 million bpd in 2024.
- **Seasonal Trends:** Winter heating demand may offer temporary support, but overall consumption is expected to contract by 230,000 bpd in Q4.
### **3. Geopolitical Risks**
- **Russia-Ukraine Conflict:** Continued strikes on Russian energy infrastructure and renewed sanctions have injected volatility into the market.
- **Middle East Tensions:** Drone attacks and Red Sea disruptions have added risk premiums to Brent pricing.
- **U.S. Tariff Policy:** Aggressive energy tariffs and diplomatic pressure on European allies to reduce Russian imports have further complicated trade flows.
---
## **Technical Analysis & Market Sentiment**
### **WTI Crude**
- **Support Levels:** $62.90, $61.50
- **Resistance Levels:** $66.00, $68.00
- **Trend:** Neutral to mildly bearish; RSI hovering near 50.
### **Brent Crude**
- **Support Levels:** $67.00, $65.70
- **Resistance Levels:** $70.30, $72.00
- **Trend:** Consolidating in a symmetrical triangle; breakout potential remains.
---
## **Institutional Forecasts for Q4 2025**
Institution | WTI Forecast (Q4 2025) | Brent Forecast (Q4 2025)
------------------------|------------------------|---------------------------
EIA | $55.41 | $59.00
J.P. Morgan | $57.00 | $63.57
Goldman Sachs | $60.30 | $63.57
Trading Economics | $62.43 | $67.65
Reuters Poll | $64.65 | $68.20
---
## **Q4 2025 Price Forecast & Rating**
### **WTI Crude Oil**
- **Forecast Range:** $58.00 – $64.00
- **Base Case:** $60.00
- **Rating:** **Neutral to Bearish**
- **Key Risks:** Inventory builds, slowing demand, U.S. shale resilience
### **Brent Crude Oil**
- **Forecast Range:** $62.00 – $68.00
- **Base Case:** $65.00
- **Rating:** **Neutral**
- **Key Risks:** Geopolitical shocks, OPEC+ policy shifts, European demand softness
---
## **Strategic Implications for Stakeholders**
- **Investors:** Expect continued volatility; hedge positions via options and futures.
- **Producers:** Prepare for margin compression; focus on cost efficiency and capital discipline.
- **Policymakers:** Monitor inflationary impacts and energy security amid geopolitical tensions.
---
## **Conclusion**
The Q4 2025 oil market is poised for a cautious and potentially volatile close to the year. While geopolitical risks offer short-term support, the structural oversupply and weakening demand fundamentals suggest limited upside for both WTI and Brent. Market participants should brace for a range-bound environment with breakout risks tied to geopolitical developments and OPEC+ policy shifts.
---
Risk Disclaimer!
General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss.
WTI OIL Descending Triangle targeting its top.WTI Oil (USOIL) has been trading within a Descending Triangle and following yesterday's test of its Support Zone, it is rebounding.
This Bullish Leg has already touches the 4H MA50 (blue trend-line) and based on the previous one, it should extend to at least the 0.7 Fibonacci retracement level.
This gives us a 63.80 Target before the pattern's Lower Highs trend-line is tested.
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WTI OIL This is the bigger picture.WTI Oil (USOIL) is currently on the 2nd straight green week ahead of today's Fed Rate Decision. The long-term pattern though is has been a Channel Down since August 2022 and until it gets invalidated, the trend will remain bearish.
In fact, it has made 3 emphatic rejections on the 1W MA200 (orange trend-line) since August 12 2024. The 1W RSI sequence since then, resembles the pattern of 2023, where WTI found a Higher Lows Support on the 1W MA200. The last such contact was on the 0.786 Fibonacci retracement level before a last rebound to the top of the Channel Down.
That is exactly what we are expecting now, with the new 0.786 Fib waiting at $59.50. That is our medium-term Target.
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Multi-Asset Market Analysis & Trade IdeasAnalysis Date : September 10, 2025
Trading Analyst : Institutional Intelligence Framework
Methodology : Dual Renko Chart System with Enhanced Volume Profile Analysis
Executive Summary
Current market analysis reveals exceptional institutional opportunities across equity indices with significant commodity sector divergence. The enhanced institutional intelligence framework identifies unprecedented buying dominance in major equity markets while revealing dangerous extensions in traditional safe-haven assets.
Portfolio Allocation Strategy : 75-85% equity allocation with minimal commodity/currency exposure based on institutional positioning intelligence.
Primary Opportunities (70-85% Total Allocation)
1. NASDAQ 100 (NQ) - 25-30% ALLOCATION
Classification : PRIMARY OPPORTUNITY - Institutional Backing
YTD View:
Institutional Intelligence :
Q3 Volume Analysis : 26.8:1 buying dominance (6.18M UP vs 230.69K DOWN)
Current Position : 23,963 (+3.4% above Q3 POC 23,186)
Support Structure : Exceptional multi-quarter institutional foundation
Risk Assessment : LOWEST RISK - strongest institutional conviction identified
Trade Recommendations :
Bullish Scenario (65% probability) :
Entry : /MNQ at current levels or any pullback to 23,500-23,600
Position Size : Maximum 2.5% account risk per position
Target 1 : 24,500 (close 50% position)
Target 2 : 25,000 (close 25% position)
Target 3 : 25,500+ (trail remaining 25%)
Stop Loss : 23,000 (below Q3 institutional support)
Neutral Scenario (25% probability) :
Range : 23,200-24,200 consolidation
Strategy : Scale into positions on weakness toward 23,400
Management : Hold core position, trade edges of range
Re-evaluation : Weekly basis for breakout confirmation
Bearish Scenario (10% probability) :
Trigger : Break below 23,000 (institutional support failure)
Action : Exit all positions immediately
Re-entry : Require fresh institutional accumulation evidence
Risk Control : Maximum 2% loss on allocation
2. S&P 500 (ES) - 25-30% ALLOCATION
Classification : PRIMARY OPPORTUNITY - Strong Institutional Support
3-QTR View:
YTD View:
Institutional Intelligence :
Q3 Volume Analysis : 5.21:1 buying dominance (11.3M UP vs 2.17M DOWN)
Current Position : 6,550 (+2.7% above Q3 POC 6,375)
Support Structure : Consistent institutional accumulation across quarters
Risk Assessment : LOW RISK - exceptional institutional backing
Trade Recommendations :
Bullish Scenario (70% probability) :
Entry : /MES at current levels or pullback to 6,450-6,500
Position Size : Maximum 2.5% account risk per position
Target 1 : 6,650 (close 50% position)
Target 2 : 6,750 (close 25% position)
Target 3 : 6,850+ (trail remaining 25%)
Stop Loss : 6,300 (below Q3 institutional support)
Neutral Scenario (20% probability) :
Range : 6,400-6,600 consolidation
Strategy : Accumulate on weakness, trim on strength
Management : Maintain core position size
Monitoring : Weekly institutional level respect
Bearish Scenario (10% probability) :
Trigger : Break below 6,300 (institutional support violation)
Action : Systematic position reduction
Stop Loss : 6,250 (complete exit level)
Re-entry : Wait for institutional re-engagement signals
3. DOW JONES (YM) - 20-25% ALLOCATION
Classification : HIGH CONVICTION - YTD POC Validation
3-QTR View:
YTD View:
Institutional Intelligence :
Q3 Volume Analysis : 11.5:1 buying dominance (455.32K UP vs 83.17K DOWN)
YTD POC Alignment : Perfect alignment with Q1 POC at 45,150
Current Position : 45,651 (+1.1% above institutional consensus)
Risk Assessment : VERY LOW RISK - optimal positioning
Trade Recommendations :
Bullish Scenario (75% probability) :
Entry : /MYM at current levels (optimal positioning confirmed)
Position Size : Maximum 2.5% account risk per position
Target 1 : 46,200 (close 40% position)
Target 2 : 46,800 (close 30% position)
Target 3 : 47,500+ (trail remaining 30%)
Stop Loss : 44,800 (below YTD/Q1 POC consensus)
Neutral Scenario (20% probability) :
Range : 45,000-46,000 consolidation around institutional consensus
Strategy : Hold core position, add on dips to 45,200
Management : Optimal risk/reward positioning maintained
Advantage : Minimal downside to institutional support
Bearish Scenario (5% probability) :
Trigger : Break below 45,000 (YTD POC violation)
Action : Reduce position by 50%
Ultimate Stop : 44,500 (complete exit)
Assessment : Highly unlikely given institutional validation
Secondary Opportunities (15-20% Total Allocation)
4. WTI CRUDE OIL (CL) - 15-20% ALLOCATION
Classification : SOLID OPPORTUNITY - Strong Institutional Foundation
3-QTR View:
YTD View:
Institutional Intelligence :
Q3 Volume Analysis : 1.94:1 buying dominance (1.38M UP vs 710.76K DOWN)
Current Position : 63.27 (within Q3 institutional accumulation zone)
Support Structure : Massive Q2 institutional accumulation at 57.50
Risk Assessment : LOW RISK - multiple institutional support layers
Trade Recommendations :
Bullish Scenario (60% probability) :
Entry : /MCL at current levels or pullback to 62.50-63.00
Position Size : Maximum 2% account risk per position
Target 1 : 67.00 (close 50% position)
Target 2 : 69.00 (close 25% position)
Target 3 : 71.00+ (trail remaining 25%)
Stop Loss : 61.50 (below Q3 institutional support)
Neutral Scenario (30% probability) :
Range : 62.00-65.00 consolidation within institutional zone
Strategy : Scale into positions on weakness
Management : Patient accumulation approach
Support : Strong institutional backing provides downside protection
Bearish Scenario (10% probability) :
Trigger : Break below 61.00 (institutional support failure)
Action : Exit positions systematically
Re-entry : 58.00 area (Q2 POC support)
Risk Management : Tight stops due to support proximity
Defensive Positions (8-12% Total Allocation)
5. NATURAL GAS (NG) - 8-12% ALLOCATION
Classification : MODERATE RISK - Declining Institutional Engagement
3-QTR View:
YTD View:
Institutional Intelligence :
Q3 Volume Analysis : Mixed activity with reduced institutional participation
Q1 Peak : 10.6:1 buying dominance (697K UP vs 65K DOWN) - historical high
Current Concern : 65% volume decline from Q1 peaks
Risk Assessment : MODERATE - institutional disengagement evident
Trade Recommendations :
Bullish Scenario (45% probability) :
Entry : Current levels only with tight risk controls
Position Size : Maximum 1.5% account risk per position
Target 1 : 3.40 (close 60% position)
Target 2 : 3.60 (close remaining 40%)
Stop Loss : 2.90 (below Q3 POC support)
Neutral Scenario (35% probability) :
Range : 3.00-3.20 consolidation
Strategy : Avoid new positions, monitor for re-engagement
Management : Maintain defensive positioning
Watch : Volume quality for institutional return
Bearish Scenario (20% probability) :
Trigger : Break below 2.90 (Q3 support failure)
Action : Complete position liquidation
Assessment : Institutional abandonment acceleration
Avoidance : No re-entry until fresh accumulation evidence
Risk Management Positions (8-13% Total Allocation)
6. EURO FUTURES (6E) - 5-8% ALLOCATION
Classification : DEFENSIVE ONLY - Dangerous Extension
3-QTR View:
YTD View:
Institutional Intelligence :
YTD POC Analysis : 1.0525 (aligned with Q1 POC)
Current Position : 1.1769 (+12.9% above institutional consensus)
Extension Risk : DANGEROUS - trading far beyond smart money positioning
Risk Assessment : HIGH RISK - profit-taking territory
Trade Recommendations :
Bullish Scenario (25% probability) :
Entry : AVOID new long positions
Existing Positions : Systematic profit-taking recommended
Target : 1.1850 maximum (close all positions)
Risk : Overextension beyond institutional support
Neutral Scenario (35% probability) :
Range : 1.1650-1.1800 at dangerous extension levels
Strategy : Range trading only with tight stops
Position Size : Maximum 1% account risk
Management : Defensive positioning required
Bearish Scenario (40% probability) :
Trigger : Any breakdown below 1.1700
Target : Return to institutional consensus (1.0525)
Action : Short opportunities on strength
Strategy : Mean reversion to YTD POC likely
7. GOLD FUTURES (GC) - 3-5% ALLOCATION
Classification : EXTREME CAUTION - Maximum Extension
3-QTR View:
YTD View:
Institutional Intelligence :
Extension Analysis : 12.2% above all institutional positioning
Q2 Peak Activity : 11.5:1 buying dominance at 3,430 levels
Current Position : 2,676 (extremely overextended)
Risk Assessment : MAXIMUM RISK - correction vulnerability
Trade Recommendations :
Bullish Scenario (15% probability) :
Entry : AVOID all new long positions
Existing : Immediate profit-taking recommended
Risk : Extreme overextension unsustainable
Management : Defensive exit strategy only
Neutral Scenario (25% probability) :
Range : 2,650-2,700 at unsustainable levels
Strategy : No positioning recommended
Assessment : Range trading too risky given extension
Monitoring : Watch for breakdown signals
Bearish Scenario (60% probability) :
Target : 3,400-3,500 (return to institutional zones)
Correction Magnitude : 12-15% decline likely
Strategy : Short opportunities on any strength
Entry : /MGC shorts on rallies above 2,690
Stop : 2,720 (tight risk control)
Target : 3,450 (institutional accumulation zone)
Risk Management Protocols
Position Sizing Framework
Maximum Risk Per Trade : 2% of account value
Maximum Sector Exposure : 6% (energy, metals, currencies)
Portfolio Heat : Maximum 15% total risk across all positions
Cash Reserve : 5-12% for opportunities and margin requirements
Stop Loss Hierarchy
Tactical Stops : 2-3 Renko blocks on execution charts
Strategic Stops : Below/above institutional POC levels
Emergency Stops : Below major quarterly support levels
Time Stops : Exit if no progress within 15 trading days
Profit Taking Protocol
Systematic Approach :
Target 1 : Close 40-50% of position at 2:1 risk/reward
Target 2 : Close 25-30% of position at 3:1 risk/reward
Target 3 : Trail remaining 20-25% with institutional level stops
Correlation Management
Equity Exposure : Maximum 75-85% combined (NQ+ES+YM)
Commodity Exposure : Maximum 25-30% combined (CL+NG)
Currency Exposure : Maximum 10% (6E only)
Safe Haven Exposure : Maximum 5% (GC defensive only)
Market Scenario Planning
Scenario A: Continued Equity Strength (60% probability)
Characteristics : Institutional accumulation continues, economic resilience
Winners : NQ, ES, YM (maximize equity allocation)
Losers : GC, 6E (extension corrections)
Strategy : Aggressive equity positioning, defensive commodity stance
Scenario B: Market Consolidation (25% probability)
Characteristics : Range-bound trading around institutional levels
Winners : YM (optimal positioning), CL (institutional support)
Neutral : NQ, ES (trade ranges)
Strategy : Reduce position sizes, focus on institutional level trading
Scenario C: Risk-Off Environment (15% probability)
Characteristics : Institutional support failure, flight to quality
Winners : Cash, defensive positioning
Losers : All risk assets
Strategy : Emergency protocols, systematic position reduction
Trigger : Break below major institutional support levels
Weekly Monitoring Checklist
Daily Assessment
Institutional POC level respect across all markets
Volume quality and institutional engagement trends
Position sizing within risk parameters
Stop loss proximity to institutional levels
Weekly Review
Portfolio allocation vs. target percentages
Risk/reward ratios for all open positions
Institutional volume profile evolution
Correlation analysis across positions
Performance tracking vs. benchmarks
Monthly Evaluation
Quarterly volume profile updates
YTD POC alignment reassessment
Strategy performance attribution
Risk management protocol effectiveness
Market regime change identification
Key Success Factors
Institutional Intelligence Priority
Decision Hierarchy :
Institutional volume profile positioning (strategic)
YTD POC alignment validation (tactical)
Technical indicator confirmation (execution)
Risk management protocols (defensive)
Discipline Requirements
Systematic adherence to position sizing formulas
Emotional detachment from individual trade outcomes
Institutional level respect over short-term price action
Professional risk management with systematic protocols
Performance Expectations
Win Rate Target : 55-65% (institutional backing advantage)
Risk/Reward Minimum : 2:1 average across all trades
Maximum Drawdown : <8% of trading capital
Consistency : Positive monthly returns 65%+ of time
Disclaimer : All trading involves risk of loss. Past performance does not guarantee future results. Position sizes and risk management protocols must be adjusted based on individual account size and risk tolerance. This analysis is for educational purposes and should not be considered personalized investment advice.
Document Status : Active trading framework requiring weekly updates and quarterly reassessment.
WTI OIL Recent fractal calls for a buy towards $70.50.WTI Oil (USOIL) is on the 3rd straight green 1D candle following a Double Bottom bounce on the 61.50 Support. At the same time the 1D RSI formed Higher Lows, which is a Bullish Divergence.
The same set of conditions emerged on the May 05 bottom rebound, which resulted into initially a 1D MA50 (blue trend-line) test and then a Resistance 2 contact.
As a result, we expect this rise to continue, targeting $70.50.
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Crude Oil - Eye twinkle to go long?The Test/Retest was expected, and it was not that clean as it is mostly. Usually I don't want to see price trading back into the fork again.
This time, price managed to jump out of it again and opened above the U-MLH. If it can close outside the fork too, then this would be a good hint for me to load the boat.
The 80% target is the yellow Centerline, or even higher, since the drillers moan about a too low price (Fundamental Fact).
Let's see if we find some petro dollars.
WTI OIL Short-term Channel Up 4H MA50 buy opportunity.Last week (August 26, see chart below) we caught the absolute low with our WTI Oil (USOIL) buy signal, hitting our $66.30 Target shortly after:
This time we have another buy signal on the short-term as the Channel Up that emerged has pulled-back all the way to its 4H MA50 (blue trend-line).
The last 3 times it did so, it was a buy opportunity. Assuming this is another Higher Low bottom, the new Bullish Leg that is about to be initiated, should aim for the 1.382 Fibonacci extension, similar to what the previous two did.
This gives us a $66.75 Target for the short-term.
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Crude Oil Short After Finding A Recurring BehaviorAfter I cleared the CL chart, I immediately saw a behavior that we can use for a setup right now.
You see that the highs got cracked, and then immediately price turns to the south. And since we are in a downtrend on Crude, we have a legit Short-Trade at hand.
With the modified Shiff-Fork you see how nice CL is reacting at the U-MLH, where it get's rejected. This level also coincides with the crack level.
I personally would love a pullback up to the crack-zone before shorting it. Maybe the trading Gods give us a gift on this Wednesday.
Talking about Wednesday: today we get the Crude Oil EIA numbers, which will probably move the markets.
However you plan is if you trade it, don't have FOMO. There are many more trades to come in your trading career.
Have a happy hump day §8-)
WTI OIL technically more chances to test the 1D MA50. Buy.Last week (August 20, see chart below) we issued a bullish break-out signal on WTI Oil (USOIL) that reached our $65.60 Target within 3 days:
This time we get a new buy signal, despite today's sharp pull-back. The -12.78% decline since the July 30 rejection, resembles the one since the October 08 2024 High.
This rebounded to just above the 1D MA50 (blue trend-line) to form a new Lower High and get rejected again.
As a result, our immediate short-term Target is $66.30.
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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.
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WTI OIL Buy signal if the 4H MA50 breaks.WTI Oil (USOIL) appears to have found short-term Support since the August 13 Low, turning sideways, with its 4H RSI however on Higher Lows, thus displaying a Bullish Divergence.
This is similar to the June 24 - July 02 Bullish Divergence, which once it broke above the 4H MA50 (blue trend-line), it topped a little over the 0.382 Fibonacci retracement level.
As a result, we will be waiting for the 4H MA50 bullish break-out signal to target $65.60 (Fib 0.382).
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