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Crude Oil

Price action + RSI support = fresh buy opportunity in CrudeOil1!CrudeOil1! (1-Hour Timeframe) Technical Outlook CrudeOil1! is currently sustaining at the Fibonacci Golden Ratio level of 0.618, with the weekly pivot placed near 5640. Based on Fibonacci projections and price action, this 5640 zone appears to be a crucial area, as it aligns with a 2.8% retracement completion. On the 1-hour timeframe, the RSI is showing a decline but may take support near the current levels, adding further weight to this support zone. All technical indicators together suggest that the 5640–5650 zone could act as a strong support in the short term. If this support holds, we may see upside targets at 5715 and 5750, with the potential for CrudeOil1! to make a new high if the bullish momentum continues. Thank you.
MCX:CRUDEOIL1!Long
by FiveCircles
USOIL (WTI Crude) – Buy & Sell Trade Scenarios🔵 Bullish Scenario (Buy Call) Entry Zone: Break and sustained close above 65.20 – 65.50 (current 4H resistance). Reasoning: Price has retested the 64.90 resistance cluster multiple times, suggesting absorption of supply. Volume shows declining sell pressure near resistance – a sign of potential breakout. A breakout with strong volume confirms buyers stepping in. Target 1: 66.75 (measured move into next liquidity pool). Target 2 (extended): 68.20 – 68.50 (previous structural pivot). Stop Loss: Below 64.20 (false breakout protection). R:R Potential: ~1:2.5 to 1:3 🔴 Bearish Scenario (Sell Call) Entry Zone: Rejection at 65.00 – 65.50 resistance with bearish confirmation candle. Reasoning: This zone has acted as a strong supply area since mid-August. Multiple wicks rejecting the level + increasing sell volume hint at distribution. If price fails to close above resistance, sellers regain control. Target 1: 63.00 – 63.20 (mid-support range). Target 2 (extended): 62.00 – 61.90 (major support zone). Stop Loss: Above 65.70 (wick protection). R:R Potential: ~1:2 to 1:3 ⚖️ Key Technical Takeaway 64.90 – 65.50 = Pivot zone (battle between bulls and bears). Breakout + volume = bullish continuation to 66.75+. Rejection + heavy volume = bearish rotation back to 62.95.
TVC:USOIL
by coolbouy
Current Price Action All MarketsWanted to share a picture of the daily TF price action of the major markets. 1) August has been a very slow market for forex. Nothing but chop... Especially over the last 3 weeks., 2)Stocks and gold have seen a slow grinding uptrend., Each market is unique in its own right and benefits not only different types of traders, but also different setups perform better during specific market conditions. It's essential to trade various types of market conditions to suit your style, as well as when you perform at your best and worst.
TVC:DXY
by MoneyballAustin
Oil Market Faces Balancing Act as Supply Risks Meet Glut FearsOil Market Faces Balancing Act as Supply Risks Meet Glut Fears Russian supply risks are clashing with growing concerns of a global supply glut as summer winds down. Crude benchmarks gained over 1% in the previous session after the EIA reported a larger-than-expected draw in U.S. crude inventories, though the pace of declines slowed from the prior week. Analysts warn that OPEC+ unwinding production cuts, combined with rising output from non-member producers, could tip the market into surplus, according to MUFG’s Soojin Kim. While Brent continues to trade at a near-term premium, signaling tight supplies, that premium has narrowed — a sign of softening demand expectations ahead.
FOREXCOM:USOILShort
by ProfessorSingapore
XTI/USD Analysis: Oil Price Falls 2.8% from This Week’s HighXTI/USD Chart Analysis: Oil Price Falls 2.8% from This Week’s High As the XTI/USD chart shows, this morning (27 August) WTI crude oil is trading around the $63 level, although on Monday it climbed above $64.70. This means the price has retreated by approximately 2.8% from this week’s high. The bearish momentum may be linked to the market’s reassessment of geopolitical risks. According to Reuters, US Special Representative Steve Witkoff stated that: → he will meet with a Ukrainian delegation in New York this week; → the US administration is also in talks with Russia, seeking to bring the war to an end. He also noted that Washington is striving for de-escalation in the Middle East. We could assume that market participants are pricing in the possibility that these efforts could lead to the easing of sanctions and reduce risks and restrictions in global oil trade. Technical Analysis of the XTI/USD Chart On 19 August, we highlighted that: → the August downtrend remained intact, though it appeared to be weakening; → bulls might exploit this situation and attempt to launch an attack. Indeed, since then the price rallied to a peak near $64.80, forming an upward trajectory shown by the orange lines. However, at the start of this week, momentum shifted back to the bears, as evidenced by a series of bearish signals on the chart: → Yesterday, bulls attempted to resume the upward trend from the lower orange boundary but failed – this was reflected in a candlestick with a long upper shadow, touching the $64 level before reversing downwards. → Bears then built on this success, pushing the price below $63.50 (where the lower orange line had been positioned). → This morning, WTI is trading close to weekly lows, highlighting the bulls’ inability to counter the pressure. As a result, bears have driven the price back into the descending channel that has been in place since the start of the month. Given the above, we could assume that the market may continue to develop bearish dynamics within this downward channel – with WTI potentially heading towards the red median line. The forthcoming oil inventory report (due today at 15:30 GMT+3) might have a significant influence on how the situation unfolds. 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
Market Analysis: WTI Crude Oil Faces HurdlesMarket Analysis: WTI Crude Oil Faces Hurdles Crude oil is showing bearish signs and might decline below $62.80. Important Takeaways for WTI Crude Oil Price Analysis Today - Crude oil prices failed to clear the $65.00 region and started a fresh decline. - There was a break below a major bullish trend line with support at $64.00 on the hourly chart of XTI/USD. WTI Crude Oil Price Technical Analysis On the hourly chart of WTI Crude Oil, the price struggled to clear the $65.00 level and started a fresh decline below $64.50. There was a break below a major bullish trend line at $64.00, opening the doors for more losses. The price dipped below the 50% Fib retracement level of the upward move from the $61.56 swing low to the $64.85 high. XTI/USD even dipped below $63.50 level and the 50-hour simple moving average. The bulls are now active near $63.00. If there is a fresh increase, it could face a barrier near $63.70. The first major resistance is near $64.10. Any more gains might send the price toward $64.85 and call for a test of $65.50. Conversely, the price might continue to move down and revisit the $62.80 support and the 61.8% Fib retracement. The next major support on the WTI crude oil chart is $62.35. If there is a downside break, the price might decline toward $61.55. Any more losses may perhaps open the doors for a move toward $60.50. 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
WTI Steadies as Rate-Cut Bets and Supply Risks CollideWTI Steadies as Rate-Cut Bets and Supply Risks Collide WTI crude hovered around $64 on August 25, steady after last week’s gains as traders balanced U.S. rate-cut expectations with geopolitical risks. The Fed is seen 85% likely to cut rates in September, boosting demand outlooks. Supply concerns persist after Washington threatened 50% tariffs on Indian imports over Russian oil purchases, while India signaled it will keep buying from Moscow. Stalled Russia-Ukraine talks and renewed attacks on energy infrastructure add to uncertainty.
FOREXCOM:USOILLong
by ProfessorSingapore
WTI Crude Oil · M15 · 24-Aug — “Buy the Dip into EMA/Donchian”🟢 Bias: Intraday long after spike, buy the dip into Donchian + EMA support. Entry: $62.90 – $63.20 Stop-Loss: $61.95 Targets: TP1 $63.80 · TP2 $64.70 · TP3 $66.00 RRR (from $63.10): Risk $1.15 → TP3 +$2.90 = ~1:2.5 ✅ Why this works: Confluence: Donchian support ($62.91) + 200 EMA M15 ≈ $62.38 (white). Structure: Higher highs/lows since Aug-20; volume expands on pushes, compresses on pullbacks. HTF context: H4 pressing toward 200 EMA ≈ $64.7–$65.0 (key pivot). Execution: Look for a bullish rejection/engulfing inside the box + 8/21 EMA hold (orange/blue) above the 200 EMA (white). Risk: ≤ 1%. Move SL→BE after TP1. Trade Confidence: ⭐⭐⭐⭐ (High if retest holds and 8/21 maintain bullish structure) 🔒 Want more? The Prime version below adds: alternate short plan at $64.7–$65.0, management ladder, HL tight-stop variant (~4R), and a full execution checklist. Follow on Skool, link in profile! ⚠️ Trading involves risk. Manage exposure and trade responsibly. 💬 Thoughts on this setup?
BLACKBULL:WTILong
by JudasSwingClub
Crude Oil - Why I see it at $56 in the coming weeksCrude is trading below the centerline. The pressing shows that the “election whales” don’t want higher prices at the moment. Why? No idea, and it doesn’t matter either. All I’m interested in is where I can find a good entry to short crude. For example, a pullback to the pressure line, with a money management stop, or behind one of the weekly candles. It’s all a question of how much risk you’re allowed to take according to risk management. Let’s see if we get an entry to join the sleigh ride down to the centerline.
NYMEX:CL1!Short
by HowToChart