Oil continues to decline due to geopolitics optimismOil continues to decline due to geopolitics optimism
A Kremlin official announced that Presidents Trump and Putin will hold a summit soon, their first since 2021, with a White House source suggesting it could occur as early as next week. Optimism surrounding potential U.S.-Russia discussions on the Ukraine conflict has alleviated concerns about oil supply disruptions, despite U.S. sanctions targeting India for its continued Russian crude imports. Trump introduced a 25% tariff on Indian goods and signaled possible additional tariffs on China. However, increased OPEC production and ongoing trade tensions remain key concerns, raising fears of slower economic growth and reduced demand.
Technically, USOIL trades just above the 6,300.00 support level. Insignificant rebound from this level is expected with possible decline towards crucial 6,000.00 support level.
Crude Oil WTI
USOIL H4 | Potential bearish dropUSOIL has rejected the sell entry which has been identified as a pullback resistance and could drop from this level to the downside.
Sell entry is at 64.76, which is a pullback resistance.
Stop loss is at 66.63, which is an overlap resistance.
Take profit is at 60.50, which is a multi-swing low support.
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WTI(20250808)Today's AnalysisMarket News:
① Trump nominated Stephen Milan, Chairman of the White House Council of Economic Advisers, to serve on the Federal Reserve Board, with a term ending January 31, 2026.
② Waller is reportedly a leading candidate for the next Fed Chair.
③ U.S. Treasury Secretary Bensont stated that the interview process for the Fed Chair has begun.
④ Bostic stated that the July jobs report did change the Fed's outlook on its employment goals.
Technical Analysis:
Today's Buy/Sell Levels:
63.55
Support and Resistance Levels:
64.86
64.37
64.06
63.05
62.73
62.24
Trading Strategy:
If the price breaks above 63.55, consider entering a buy position, with the first target price being 64.06.
If the price breaks below 63.05, consider entering a sell position, with the first target price being 62.73.
UPDATE ON THIS MORNING'S TRADEEarly in the morning, I posted a trade (Sell USOIL) in which we trargeted the LQ level which the market came closer to and didn't touch, which isn't a big deal.
As you can see on the chart, as I told my students during the LIVE TRADING SESSION they assisted, it's all about trade management.
On the screenshot on the left, we added another order at 50% lvl of the FVG, xhich the market respected at that moment before giving us a double bottom which is a sign to the change of the movement of the market.
For a safe closure of the trade, as you can see in the picture on the left, we waited for the market to break through the 5min LQ we have to close, and that's what exactly happened.
We'll wait for another trade to take later in the US session.
Follow for more!
USOIL declines on possibility of geopolitical stabilityUSOIL declines on possibility of geopolitical stability
Crude oil and gasoline prices fell August 6 after an early rally, as Trump announced "great progress" in U.S.-Russia talks to end the Ukraine war, reducing fears of new sanctions on Russian energy exports. Additionally, OPEC+’s planned 547,000 bpd production increase for September further pressured prices amid concerns of a global oil supply glut.
Technically, USOIL broke crucial local support at 6,500.00. Currently, the price is retesting this level. The decline towards 6,300.00 is expected in short-term.
OUR TRADE FOR THE DAYEarly today, I posted that we'll be waiting for the market to give us an entry after grabbing the liquidity, we did have it and caught it.
I didn't share it since it was given to my students.
As you can see on the chart, the market gave us a FVG after that it did grab the liquidity which we entered based on to target again the LQ level to close with a good margin.
Follow for more!
WTI Under Attack – Rob the Market with This Bear Setup🛢️💣 WTI Oil Short Raid: Bearish Heist Activated! 💣🛢️
📉 Thief Trader’s Limit-Layered Attack Plan 🔐
💥 Attention Market Robbers & Chart Breakers! 💥
We're about to break into the XTIUSD / US Oil Spot vault — Bearish style.
🚨 The Setup:
This ain’t your average breakout — we’re talking high-precision, multi-layered entries on a downside raid.
🧠 Thief Trader Strategy: Drop limit orders at key zones like trip wires. Let price walk into your trap.
🎯 Plan:
🧱 Entry: Any level after MA resistance confirmation.
Layer multiple limit orders — DCA-style — after trend shows weakness.
🛑 Stop Loss: 66.300 🔒
Protect your vault. Place SL just above major 4H rejection zone.
🎯 Target: 60.000 💰
Profit at exhaustion level. This is where bulls cry, and we cash out.
🧠 Robbery Logic Backed By:
COT Data 📊
Crude Oil Inventories 🛢️
Macro + Sentiment Flows 🌐
Technical MA Break + Retest Patterns 🎯
🔥 Why this isn’t a random short?
Because thieves do research — not guesswork.
Bulls have overextended. Oil’s price is reacting to strong supply pressure and weakening demand outlook.
⚠️ Risk Note:
No entry without trend confirmation.
No blind shots — place alerts and wait for the setup.
This is a sniper job, not a shotgun spray.
💬 Join the Robbery Crew
Smash that ❤️ & Boost if you're riding with the thieves!
Drop your charts, entries, or sniper shots in the comments 💬
We rob together. We win together.
🔔 Follow for more heist plans – next market break-in coming soon.
💰 Rob Smart. Trade Sharp. Exit Clean. 🏴☠️
Crude Oil: Equilibrium, Key Levels & Trade ScenariosNYMEX:CL1! NYMEX:MCL1!
Market Recap
In our prior crude oil commentary, we identified a bullish flag formation with key support anchored at the Q3 micro composite Value Area Low. Following a measured pullback, prices decisively reclaimed the Q3 micro composite Value Area High, subsequently advancing toward the $70 level. However, this upward momentum proved unsustainable, with prices unable to maintain higher ground. We have since retraced to the yearly open, where the market is now consolidating.
Current Market Structure
Crude oil is presently exhibiting a balanced profile. Notably, the composite Volume Points of Control (VPOC) for both the yearly and quarterly profiles are overlapping — a technical signal indicative of equilibrium in positioning.
Market Performance Assessment
Price action in recent sessions has been heavily influenced by shifts in the global demand outlook, which in turn remain sensitive to macroeconomic expectations, geopolitical events, and OPEC+ V8 members’ gradual unwinding of voluntary production cuts. Despite the prevailing headwinds — including tariff disputes, Russian sanctions, and broader trade tensions — crude oil has demonstrated resilience, consistently trading above the $65 threshold.
Forward Outlook
Attention will turn to today’s EIA release at 9:30 a.m. CT, which may serve as the primary catalyst for near-term directional bias.
Key Technical Levels
• Q3 mCVAH: 67.28
• Neutral Zone: 66.45 – 66.30
• Yearly Open: 66.34
• Intermediate Support: 65.80
• CVPOC / mCVPOC: 65.54
• Q3 mCVAL: 64.95
• Support Zone: 65.00 – 64.80
Trading Scenarios
• Scenario 1 — Yearly Open Rejection
Monitor the Yearly Open (66.34) as an initial resistance level. A rejection here could prompt a tactical pullback toward the Line in the Sand (LIS), offering long entry opportunities with a target above the yearly open.
• Scenario 2 — DOE-Driven Flush & Recovery
Should the DOE data trigger a downside push, watch for a swing failure at recent lows. A close back above prior levels would present a potential long setup, with conviction increasing on sustained price action above 65.80.
BUY USOILI'm sharing with you our trade today on OIL.
The reason we're buying is because yesterday the market grabbed the LQ now it is reversing to climb higher to fill all of the FVG we got in the previous movement.
For a safe entry, wait for the price to come back to our entry poin at 65.800 since I myself am waiting for the price to come to our entry point.
Follow for more!
XBRUSD Robbery Setup: Thief's Bear Trap is Active! 🔥💰BRENT BEARISH HEIST PLAN💰🔥
🎯 Asset: XBRUSD / UK Oil Spot / BRENT
🧠 Strategy: Layered Limit Orders | Bearish Robbery in Progress
💼💣💼
Yo Money Movers & Market Jackers!
It’s time to load up the truck and roll out — the BRENT vault is cracked open and dripping with bearish loot! 🐻💵🔓
🎩 This isn’t just trading — this is Thief Trading Style™.
We don’t chase candles. We layer the loot, wait in the shadows, and strike on the pullback. No mercy. Just money. 💸🕶️
🚨 THIEF'S TRADE SETUP 🚨
🕵️ Entry Point:
Any Price Level – we’re everywhere.
Place layered Sell Limits like tripwires on the chart 🎯💣 — 15m or 30m candle nearest swing highs. The trap is set.
🛑 Stop Loss:
🔒 Locked @ 69.50 — right above resistance
This is a tactical retreat, not a failure. Every heist needs an escape route. 📉🔁
🎯 Target Zone:
💥 Aim for 67.00 — smash and grab style.
Get in, take profit, disappear into the shadows.
🧠 WHY THE HEIST?
The BRENT market looks ready for a rug pull —
🧊 Demand slowing
📉 Bearish structure unfolding
🎭 Bull traps getting exposed
🔥 Perfect time for thieves to cash out while the herd dreams green
Before pulling the trigger, check:
📰 Fundamentals 📦 Inventory Data 🧭 Intermarket Analysis 📊 COT Reports
Do your homework — then rob it like a professional. 🧠💼🔎
⚠️ MISSION WARNING ⚠️
Avoid new trades during news drops!
Use trailing SLs to protect loot. This market doesn’t play fair — but we don’t either. 🛑📰📉
💥 Hit BOOST if you're riding with the robbers!
Let’s show this market how Thief Traders steal gains like legends.
Every like = one more gold bar in the van 💰🚚💨
Stay sharp. Stay shadowed.
See you on the next job. 🐱👤💸📉
🔗 #Brent #XBRUSD #UKOil #ThiefTrader #BearishSetup #EnergyMarket #LayeringStrategy #MarketRobbery #SellThePump #RobTheChart
WTI(20250806)Today's AnalysisMarket News:
The US non-manufacturing PMI fell to 50.1 in July from 50.8 in June, below the expected 51.5. The ISM New Orders Index fell to 50.3 in July from 51.3 in June, with export orders contracting for the fourth time in five months.
Technical Analysis:
Today's Buy/Sell Levels:
64.90
Support and Resistance Levels:
66.21
65.72
65.40
64.40
64.08
63.59
Trading Strategy:
On a break above 64.90, consider a buy entry, with the first target at 65.40. On a break below 64.40, consider a sell entry, with the first target at 64.08
CRUDE OIL Bullish Bias! Buy!
Hello,Traders!
CRUDE OIL keeps falling down
And the price will soon hit
A horizontal support of 64.00$
From where we will be
Expecting a local bullish rebound
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Crude Oil Bouncing from Demand Zone – Eyes on UpsideThis is the daily chart of Crudeoil!
CRUDEOIL1! having a good law of polarity (support)near at 5550-5600 range.
CRUDEOIL1! is taking support on RSI and sustain above 45 level.
If this level is sustain then we may see higher prices in CRUDEOIL1!.
Thank You !!
USOILUSOIL price is now testing the support zone of 64.72-63.88. If the price cannot break through the 63.88 level, it is expected that the price will rebound. Consider buying in the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
Crude Oil Resumes Its WeaknessCrude oil rised and then fell sharply from above 78 dollars back in June, after tensions in the Middle East. The drop unfolded as an impulse into wave A, so even if this is just a counter-trend move down from 78, it still appears incomplete. After we recently spotted a corrective rally in wave B that nicely stopped at projected $70 resistance near 61,8% Fibo. retracement, we can now see it resuming lower within projected wave C towards 60-59 area at least, if not even lower.
WTI quick update. Will we see that 65-dollar break?After OPEC+ meeting, where a promise was made to increase production in September, WTI continues to slide. Let's dig in.
MARKETSCOM:OIL
TVC:USOIL
Let us know what you think in the comments below.
Thank you.
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USOIL drops on rising supply and demand concernsUSOIL drops on rising supply and demand concerns
Oil prices fell Tuesday as OPEC+ planned a 547,000 bpd output increase for September, overshadowing potential Russian oil supply constraints from U.S. policies. Brent and WTI crude dropped to their lowest in a week, marking a fourth consecutive decline. OPEC+’s reversal of 2.5 million bpd cuts, combined with weak demand outlooks due to U.S. recession risks and China’s lack of new stimulus, pressured prices. Trump’s threatened 100% tariffs on Russian crude buyers like India, which imports 1.75 million bpd, heightened trade tensions but failed to lift oil prices. Analysts warn U.S. tariffs could further weaken global growth and fuel demand.
USOIL shows some in-moment strength on RSI on 1-h chart, the price may rebound towards sma200 at 6,700.00. However, in long-term perspective, low oil price is expected. Eventually, the price may decline towards level of 6,000.00.