Is Crude Oil Setting Up for a Major Bearish Reversal?🛢️ XTI/USD “WTI” – Bearish Redistribution Zone Incoming (Thief Strategy Inside)
📉 Setup Overview
Market: XTI/USD (WTI crude oil)
Bias: Bearish confirmed — we’re looking for re-distribution / supply pressure to take control
Trade Type: Swing / Day Trade hybrid
🎯 Entry Plan (Thief-Layer Strategy)
I use a layering / multiple limit order approach (aka “Thief Strategy”). You may use any price level as entry, but here’s my preferred ladder:
Sell Limit @ 61.500
Sell Limit @ 61.000
Sell Limit @ 60.500
Sell Limit @ 60.000
Sell Limit @ 59.500
(You may extend more layers if you like)
You don’t need to hit all layers — just get partial fills, ride the move downward.
🚫 Stop Loss
Thief’s SL: 62.500
⚠️ Note to Thief OG’s: I’m not forcing you to follow my SL. You choose what works. Make money, take money — at your own risk.
🎯 Target
We see police barricade as a strong support zone + oversold trap possibility.
So primary target: 57.000
⚠️ Note to Thief OG’s: Don’t blindly hold to my TP. If price gives you your gains early, escape with your money — don’t wait for perfection.
🔍 Related Pairs & Correlations
AMEX:USO or USOIL (oil ETFs / indices) – real-world crude correlation
$BRENT/USD – watch for strength or weakness divergence
AMEX:XOP / AMEX:OIH (oil & gas sector indices) – sentiment in energy names
Key point: if Brent weakens while WTI breaks down, it reinforces the bias.
📌 Key Technical Notes
We’re waiting for ** redistribution / supply zone** to hold — a retest or failure bounce is ideal setup.
Oversold conditions + a “trap” candle (fake breakout) strengthen the move.
Use layering to average in, not “all-in” at once.
Be ready for whipsaws around support zones; partial exits can help.
✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!”
Disclaimer: This is Thief-style trading strategy just for fun. I am not giving financial advice. Trade at your own decision and risk.
#WTI #CrudeOil #XTIUSD #EnergyTrading #OilStrategy #Layering #SwingTrade #DayTrade #BearishBias #ThiefStrategy
Usoilanalysis
USOIL H4 | Bearish Drop OffUSOIL is reacting off the sell entry, which is a pullback resistance and could drop from this level to the downside.
Sell entry is at 61.50, which is a pullback resistance.
Stop loss is at 62.71, which is a pullback resistance.
Take profit is at 59.16, which lines up with the 161.8% Fibonacci extension.
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. 65% 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. 66% 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.
USOIL H4 | Bullish Reversal at Key SupportBased on the H4 chart analysis, we can see that the price has bounced off the buy entry, which is an overlap support that aligns with the 38.2% Fibonacci retracement and could rise from this level to the upside.
Buy entry is at 61.60, which is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 60.22, whic is a swing low support.
Take profit is at 63.69, which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement.
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. 65% 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. 66% 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.
USOIL H4 | Bullish Reversal Forming at Key Support LevelUSOIL is reacting off the buy entry, which is an overlap support and could potentially rise from this level to the take profit.
Buy entry is at 61.72, which his an overlap support.
Stop loss is at 60.40, which is a pullback support.
Take profit is at 63.78, which is a pullback resistance that is slightly above the 50% Fibonacci retracement.
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. 65% 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. 66% 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.
USOIL H4 | Bullish ReversalUSOIL is reacting off the buy entry, whichis a pullback support and could rise from this level to the take profit.
Buy entry is at 61.98, whichis a pullback support.
Stop loss is at 60.47, which swing low support.
Take profit is at 63.08, which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement.
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. 65% 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. 66% 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.
USOIL: Waiting for resistance rejection & buying at support zonePlease refer to my previous higher-timeframe analyses to better follow my current outlook on USOIL.
* Trend: assessed using at least three trend indicators, with market structure as the primary guide.
** Weak or Reversal Signals: Assessed based on one of our criteria for trend reversal signals.
*** Support/Resistance: Selected from multiple factors – static (Swing High, Swing Low, etc.), dynamic (EMA, MA, etc.), psychological (Fibonacci, RSI, etc.) – and determined based on the trader’s discretion.
**** Our advice takes into account all factors, including both fundamental and technical analysis. It is not intended as a profit target. We hope it can serve as a reference to help you trade more effectively. This advice is for informational purposes only and we assume no responsibility for any trading results based on it.
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USOIL H1 – Trading Plan I SEP/29/2025Crude Oil (USOIL) is currently consolidating between the POC zone (65.14) and the Support/Resistance area (64.70 – 64.80). Market structure shows both bullish and bearish possibilities depending on whether these key levels hold or break
Here are 4 possible scenarios with entry signals to watch:
📊 Scenario 1 – Rebound from Support/Resistance
Watch zone: 64.70 – 64.80 (Support/Resistance).
Price action: Bullish reversal candlestick (Pin bar, Bullish engulfing) with volume confirmation.
Trading signal:
👉 Buy around 64.70 – 64.80
🎯 TP1: 65.14 (POC zone)
🎯 TP2: 65.56 – 65.79 (Supply zone)
⛔ SL: below 64.40 (Demand zone).
📊 Scenario 2 – Breakout above Supply Zone
Watch zone: 65.56 – 65.79 (Supply zone).
Price action: H1 candle closes above 65.80 with strong volume.
Trading signal:
👉 Buy breakout above 65.80
🎯 TP1: 66.20
🎯 TP2: 66.80
⛔ SL: below 65.40.
📊 Scenario 3 – Breakdown of Support/Resistance
Watch zone: 64.70 – 64.80.
Price action: H1 candle closes below 64.70 with strong bearish momentum.
Trading signal:
👉 Sell on pullback to 64.70
🎯 TP1: 64.40 (Demand zone)
🎯 TP2: 63.80
⛔ SL: above 65.10.
📊 Scenario 4 – Breakdown of Demand Zone
Watch zone: 64.20 – 64.40 (Demand zone).
Price action: H1 candle closes below 64.20 with increasing volume.
Trading signal:
👉 Sell breakout below 64.20
🎯 TP1: 63.60
🎯 TP2: 63.00
⛔ SL: above 64.60.
👉 Summary:
Holding above 64.70 favors Buy setups.
Breaking below 64.70 favors Sell setups.
Key short-term battle zone: 65.56 – 65.79 Supply area.
⚠️ Disclaimer:
This analysis is for educational and informational purposes only and should not be considered financial advice. Trading in financial markets involves significant risk, and you should only trade with capital you can afford to lose. Always do your own research before making any trading decisions.
Crude Oil (WTI) Technical OutlookCrude Oil (WTI) has recently tested a critical resistance zone around $65, showing strong upside momentum after weeks of consolidation. The chart structure suggests a potential bullish breakout, with price action forming higher lows and pressing against a key supply level.
If WTI holds above $65, the next upside targets lie at:
$67.80 – intermediate resistance
$68.98 – major technical level aligned with previous supply
$70.50 – $71.00 – key psychological resistance and prior swing high
A short-term retest of $65 may act as confirmation before continuation toward the $70+ region. Failure to hold above $64.50 could invalidate the bullish scenario and open a move back toward $62.
This analysis highlights institutional order flow dynamics and key liquidity levels, indicating that crude oil may be setting up for a significant directional move. Traders should watch for clean breaks and retests at major support/resistance zones before positioning.
📌 Summary:
Bias: Bullish above $65
Targets: $67.80 → $68.98 → $70.50+
Risk: Breakdown below $64.50
Crude Oil (WTI) Short Setup Bearish Reversal from Rising ChannelAsset: CFDs on Crude Oil (WTI)
Timeframe: 1 Hour (1H)
Pattern: Rising channel (ascending parallel channel)
Trade Type: Short (Sell) Setup
Risk/Reward: The trade is planned based on a channel breakdown, targeting a move down to the base of the move.
📊 Key Trade Levels
Type Price Level
Entry 6,709.7 – 6,711.0 (near upper channel resistance)
Stop Loss 6,762.0 – 6,762.3 (above recent highs)
Target 6,353.6 – 6,353.8 (near recent support)
🧠 Trade Rationale
Rising Channel Break: Price is currently within a rising channel, but recent candles show rejection at the upper boundary.
Fakeout Trap: There's a sketched projection suggesting a false breakout to the upside, followed by a sharp reversal into a short move.
Entry Zone: The trade is planned if price retests the upper zone (entry area), which aligns with the top of the channel.
Target Zone: The projected target is around the bottom of the channel or just below, implying a full retracement of the previous bullish leg.
Risk Management: Stop loss is placed slightly above the upper boundary to avoid getting stopped out by minor wicks.
📈 Technical Insights
Bearish Momentum Potential: If price fails to hold above the channel and re-enters with strong bearish volume, it supports a short entry.
Volume Analysis Needed: A confirmation with increasing volume on the breakdown would strengthen the setup.
Trend Reversal Signal: This setup may be hinting at a trend reversal or at least a significant pullback from the current upward trend.
✅ Conclusion
This is a high-probability short trade setup based on:
A break/retest of an ascending channel.
A potential false breakout trap.
Defined entry, stop loss, and take profit levels offering a solid risk/reward ratio.
Crude Oil (H1) – Key Supply & Demand Scenarios I SEP/26/2025📌 Scenario 1: Bullish Continuation (High Probability)
Condition: Price holds above demand 64.7 – 64.8.
Entry signal: H1 bullish candle closes above 65.4 with volume → Buy.
TP: 66.0 – 66.2
SL: below 64.6
📌 Scenario 2: Pullback then Bounce
Condition: Price gets rejected at 65.3 – 65.4, pulls back to retest 64.7 – 64.8.
Entry signal: Pinbar / Bullish engulfing candle at demand zone.
TP: 65.4 → 66.0
SL: below 64.5
📌 Scenario 3: Bearish Correction
Condition: Price breaks below demand 64.7 – 64.8.
Entry signal: Retest of broken zone with bearish rejection → Sell.
TP: 63.8 – 64.0
SL: above 65.0
📌 Scenario 4: Deeper Reversal
Condition: Price breaks below 63.8 – 64.0.
Entry signal: Retest supply flip + bearish confirmation candle.
TP: 63.0 – 63.1
SL: above 64.2
Resistance or Support What was once support has now become resistance.
Once again, the price is drawn to areas of greater recurrence, as that is where liquidity lies.
If you don't pay attention to the charts, you may miss the opportunity.
The strategy is simple: look at that big trend line that was generated, and you'll notice that it's the freshest liquidity there is. Keep your eyes on the screen!
Keep it simple!
If you liked it, don't forget to follow me.
Crude oil: go long on pullback to 63.8After crude oil rose yesterday, it gained upward momentum again during today's European session, with short-term trend biased toward bullish. Focus on going long when it pulls back to 63.80; if it breaks below 63.20, exit the position on the pullback. The target is 64.80. If it breaks below 63.20 during the US session, then focus on entering long positions again at the 0.5 and 0.618 support levels of the overall upward pullback later.
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
Clear Rebound Post-Pullback, Watch for 2nd Drop After a significant pullback, oil has now seen a clear rebound 📈
However, we need to watch out for a potential second pullback ⚠️ and can opt to go long at lower levels 🐂
Buy 62.2 - 62.6
TP 63.2 - 63.6 - 64.6
Accurate signals are updated daily 📈! If you encounter any issues during trading, these signals can serve as your reliable guide 🧭—feel free to refer to them anytime! I sincerely hope they’ll be of great help to you 🌟
Crude oil:short-term longCrude oil continued to rally during the US session, with a series of bullish candles on the chart. Note that short positions are not viable—focus on taking profits to break even on pullbacks. The wide ranging oscillation on the daily chart remains unchanged. The watershed for the small cycle is at 63.5, and the trend watershed is at 65.
Buy 62.5 - 62.8
TP 64 - 64.5
SL 62
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
USOIL TodayThe recent core support level is around 62,today, the price briefly bottomed out at the 62 support level, but immediately bounced back upwards and failed to achieve a genuine downside breakout. if this level is breached, the price may retrace to the 60-61 range. Resistance levels are concentrated in the 65-66 zone. Based on recent technical data, the momentum indicators on the daily timeframe are showing signs of a weak rebound.
USOIL TodayToday the crude oil yet the key support level of 62 remained unbroken,We still predict that it will maintain an overall upward trend.
Buy 62.25 – 62.45
TP 62.75 - 62.95
SL 62.00
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
Review the crude oil movement Let’s review the crude oil movement last week. WTI prices declined amid concerns over the U.S. economy and oversupply. Traders are still assessing the Fed’s remarks regarding further interest rate cuts.
In terms of price action, crude oil maintained a volatile downward trend. There was a brief rebound at one point, but the gains were eventually erased, and prices resumed their decline. The downtrend continued through Friday, yet the key support level of 62 remained unbroken. It is expected that crude oil will stage a rebound and go up in the coming week.
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
Oil Market Update📢 NFX TVC:USOIL Market Update
🛢 GBEBROKERS:USOIL
📊 ECONOMICS:USCOI EIA Crude Oil Inventories – Sep 17, 2025
Actual: -9.285M
Forecast: +1.400M
Previous: +3.939M
⚡ Huge bullish surprise – sharp drawdown vs forecast.
📍 Current Price: 64.3
Holding above 200-day SMA
Trading at key resistance, but zone already weakened from repeated tests.
🔀 Implication:
Given the bullish inventory print, I now lean towards Path B → liquidity push above 64.3 toward 65.0 (38.2% Fib level) before any meaningful bearish retracement.
⚠️ Keep in mind: ECONOMICS:USINTR decision still ahead → volatility risk.
OIL Trade Insights📲 NFX TRADE ALERT
📊 TRADE TYPE: SWING TRADE
♻ PAIR: GBEBROKERS:USOIL
⬇️ SELL AT MARKET
📝 ORDER TYPE: MARKET ORDER
👨🏻💻 ENTRY : $64.45
⭕️ SL: 65.450
✅ TP: $62.00
📝 REASONS FOR TRADE: H1 Confirmation of Price Rejection at Resistance - SR Holds📈
Multiple reversal candles spotted on H4 around supply zone, indicating weakening bullish momentum.
Pay close attention to US Inventory report later the morning.
I expect report to be bearish for oil given the high supply as seen last week.
Oil Trade Analysis📊 NFX GBEBROKERS:USOIL Oil Trade Analysis
FX:USOIL is currently trading at a critical resistance zone around $64.200. With no strong fundamentals to back the current bullish momentum, this move looks short-lived given the broader macroeconomic outlook (as discussed in our last WMA session).
🔀 Two key paths ahead:
Path A – Bearish Rejection🔻(Most Probable)
Price faces rejection at current SR zone.
Confluence with the 200-day SMA, which has acted as strong resistance for some time.
Likely scenario: sharp retracement downwards.
Path B – Liquidity Grab 🔸
Price breaks above the 200-day SMA and SR zone.
Pushes higher towards the next resistance at 65 (38.2% Fib level).
Expected to be a fakeout/liquidity grab before a heavy bearish drop.
📅 Market Movers to Watch Tomorrow:
FOMC Statement
USOil Inventory Report
Fed Rate Cut Decision
⚖️ Personally, I lean strongly towards Path A (bearish rejection🔻), but I’ll be waiting for confirmation before entering. News tomorrow will be the key catalyst.
💬 What’s your outlook? Share your thoughts in the comments.
Crude Oil Monthly Forecast: September 2025
The West Texas Intermediate Crude Oil market has been rather negative during the month of August, but at the end of the month we saw the market bounce roughly 50% of the move, and as I do this analysis at the end of the month, we are sitting at a crucial level.
This does make a certain amount of sense, because there are a lot of questions right now about where the global economy is going.
Crude Oil and the Economy
Keep in mind that crude oil is extraordinarily important for most economies, and of course the transportation of goods and services. In other words, crude oil will rally in times of economic growth but also will struggle in times where growth is extraordinarily limited. That’s the question we find ourselves trying to answer at the moment, and this may be part of the reason why we are hanging around and trying to sort out where we are going next.
Another major problem at the moment is the fact that Russia, OPEC, in the United States are all ramping up production, which of course will drive down price as supply is getting to be too much. Between that and the possibility of the global economy slowing down, this could be a very bad sign for crude oil. This isn’t to say that we need to fall apart, just that it might be extraordinarily difficult for oil to get a bit of a bid at the moment.
Ultimately, I think the $65 level continues to be an area of interest, as the price has acted like a magnet more than once. If we can rally from here, somewhere around the $60 level I would expect to see a lot of resistance. On the other hand, if we drop from here, I think somewhere around the $60 level there should be significant support. Anything below would be an extraordinarily negative sign. I believe we are trying to find some type of range, perhaps between the $62 level and the $67 level, but we will have to wait and see how that plays out. Either way, I would anticipate choppy and basically sideways action for the month.
USOIL H4 | Bearish reversal off major resistanceUSOIL is rising towards the sell entry, whichis an overlap resistance that aligns with the 78.6% Fibonacci retracement and the 138.2% Fibonacci extension and could reverse from this level to the downside.
Sell entry is at 65.00, which is an overlap resistance that aligns with the 78.6% Fibonacci retracement and the 138.2% Fibonacci extension.
Stop loss is at 66.62, which acts as a pullback resistance.
Take profit is at 61.72, which is a multi swing low support.
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. 65% 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. 66% 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.






















